NetEase (NTES) Return on Invested Capital (2021 - 2026)
NetEase's (NTES) quarterly Return on Invested Capital came in at 37.61% in Q1 2026, up 1020.0% YoY from 3.36% in Q1 2025, and up 16.49% on a QoQ basis from 32.28% in Q4 2025.
NetEase (NTES) Return on Invested Capital (2021 - 2026) Analysis & Trends
NetEase (NTES) has 5 years of Return on Invested Capital data on file, last reported at 37.61% in Q1 2026.
- Quarterly Return on Invested Capital rose 1020.0% year-over-year to 37.61% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 37.61% (up 1020.0% YoY) and the FY2025 annual result came in at 24.81%, changed N/A from the prior year.
- Return on Invested Capital grew to 37.61% in Q1 2026, from 32.28% in the prior quarter.
- In the past five years, Return on Invested Capital ranged from a high of 37.61% in Q1 2026 to a low of 0.05% in Q1 2022.
- A 4-year average of 13.04% and a median of 0.07% in 2023 frame the typical range for Return on Invested Capital.
- Annual changes were most pronounced in 2022 — Return on Invested Capital fell 2 bps — and 2026, when it surged 1020 bps.
- Tracing NTES's Return on Invested Capital over 4 years: stood at 0.06% in 2022, then gained by 22 bps to 0.07% in 2023, then surged by 43273 bps to 32.28% in 2025, then grew by 16 bps to 37.61% in 2026.
- The last three Return on Invested Capital figures came in at 37.61% (Q1 2026), 32.28% (Q4 2025), and 29.65% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | NetEase | 81.78 Bn | -13,107,903.63 Bn | 3.06 Bn | 37.61% |
| 2 | Electronic Arts | 52.84 Bn | 50.56 Bn | 1.71 Bn | 0.01% |
| 3 | Take Two Interactive Software | 44.71 Bn | 42.88 Bn | 882.50 Mn | 0.00% |
| 4 | Roblox | 27.61 Bn | 24.60 Bn | 1.18 Bn | - |
| 5 | Playtika Holding | 900.12 Mn | 461.62 Mn | 538.20 Mn | 0.00% |
| 6 | DoubleDown Interactive | 637.75 Mn | 182.53 Mn | 71.22 Mn | 0.01% |
| 7 | Gravity | 496.85 Mn | 496.41 Mn | 34,891.11 | - |
| 8 | Sohu.com | 359.34 Mn | -473.63 Mn | 106.58 Mn | - |
| 9 | Gdev | 196.54 Mn | 196.54 Mn | - | - |
| 10 | Meridian Holdings | 179.08 Mn | 161.77 Mn | 26.85 Mn | -0.02% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 37.61% |
| Dec 31, 2025 | 32.28% |
| Sep 30, 2025 | 29.65% |
| Jun 30, 2025 | 29.08% |
| Mar 31, 2025 | 27.40% |
| Sep 30, 2023 | 0.07% |
| Jun 30, 2023 | 0.07% |
| Mar 31, 2023 | 0.07% |
| Dec 31, 2022 | 0.06% |
| Sep 30, 2022 | 0.06% |
| Jun 30, 2022 | 0.06% |
| Mar 31, 2022 | 0.05% |
| Dec 31, 2021 | 0.06% |
| Sep 30, 2021 | 0.08% |
| Jun 30, 2021 | 0.07% |
| Mar 31, 2021 | 0.07% |