NetEase Inc (NEH) — Free Cash Flow Generation Index

Latest as of September 2025: 0.96x

NetEase Inc (NEH) has a Free Cash Flow Generation Index of 0.96x as of September 2025. Free cash flow of €12.47 Billion represents 1% of operating cash flow (€12.95 Billion). Explore NetEase Inc capital spending ratio to see what proportion of operating cash flow is directed to capital expenditures.

FCF Generation Index

0.96x
Free Cash Flow / Operating CF

Free Cash Flow

€12.47 Billion
EUR

Operating Cash Flow

€12.95 Billion
EUR

Capital Expenditures

€474.63 Million
EUR

NetEase Inc Free Cash Flow Generation Index (2015–2024)

Historical FCF Generation Index trend for NetEase Inc across 10 annual periods. For the full cash flow conversion analysis, see NetEase Inc cash conversion from operations.

Annual Free Cash Flow Generation for NetEase Inc (2015–2024)

Year-by-year Free Cash Flow Generation Index for NetEase Inc. Check NetEase Inc (NEH) reinvestment rate to assess the company's total reinvestment commitment from operating cash flow.

Year FCG Index Free Cash Flow (EUR) Operating CF Capital Expenditures YoY Change
2024 0.94x €37.47 Billion €39.68 Billion €2.21 Billion ▲ +7.4%
2023 0.88x €31.06 Billion €35.33 Billion €4.28 Billion ▼ -2.8%
2022 0.90x €25.07 Billion €27.71 Billion €2.10 Billion ▲ +3.4%
2021 0.88x €21.82 Billion €24.93 Billion €1.60 Billion ▲ +0.9%
2020 0.87x €21.60 Billion €24.89 Billion €1.06 Billion ▲ +7.6%
2019 0.81x €13.89 Billion €17.22 Billion €1.21 Billion ▲ +65.7%
2018 0.49x €6.53 Billion €13.42 Billion €2.17 Billion ▼ -38.2%
2017 0.79x €9.37 Billion €11.89 Billion €1.65 Billion ▼ -26.6%
2016 1.07x €16.63 Billion €15.49 Billion €1.14 Billion ▼ -3.0%
2015 1.11x €8.94 Billion €8.08 Billion €866.31 Million
FCG Index = Free Cash Flow / Operating Cash Flow. FCF = Operating CF + Capital Expenditures (capex stored negative).