NetEase Inc (NTES) — Free Cash Flow Generation Index
NetEase Inc (NTES) has a Free Cash Flow Generation Index of 0.99x as of December 2025. Free cash flow of $14.34 Billion represents 1% of operating cash flow ($14.47 Billion). See NTES working capital efficiency to evaluate short-term liquidity relative to the company's equity base.
FCF Generation Index
Free Cash Flow
Operating Cash Flow
Capital Expenditures
NetEase Inc Free Cash Flow Generation Index (2002–2025)
Historical FCF Generation Index trend for NetEase Inc across 24 annual periods. Explore NTES operating cash to total liabilities to assess how comfortably operating cash covers total debt obligations.
Annual Free Cash Flow Generation for NetEase Inc (2002–2025)
Year-by-year Free Cash Flow Generation Index for NetEase Inc. For the full company profile including market capitalisation, see NetEase Inc market cap and net worth.
| Year | FCG Index | Free Cash Flow (USD) | Operating CF | Capital Expenditures | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.98x | $48.32 Billion | $49.36 Billion | $1.04 Billion | ▲ +3.7% |
| 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 | $2.64 Billion | ▲ +3.4% |
| 2021 | 0.88x | $21.82 Billion | $24.93 Billion | $3.11 Billion | ▲ +0.9% |
| 2020 | 0.87x | $21.60 Billion | $24.89 Billion | $3.29 Billion | ▲ +7.6% |
| 2019 | 0.81x | $13.89 Billion | $17.22 Billion | $3.33 Billion | ▲ +65.7% |
| 2018 | 0.49x | $6.53 Billion | $13.42 Billion | $6.89 Billion | ▼ -42.4% |
| 2017 | 0.84x | $10.04 Billion | $11.89 Billion | $1.85 Billion | ▼ -8.8% |
| 2016 | 0.93x | $14.35 Billion | $15.49 Billion | $1.14 Billion | ▲ +6.2% |
| 2015 | 0.87x | $7.05 Billion | $8.08 Billion | $1.03 Billion | ▼ -2.5% |
| 2014 | 0.89x | $5.24 Billion | $5.86 Billion | $618.34 Million | ▼ -6.6% |
| 2013 | 0.96x | $5.02 Billion | $5.24 Billion | $219.84 Million | ▲ +0.0% |
| 2012 | 0.96x | $4.05 Billion | $4.22 Billion | $178.69 Million | ▲ +7.7% |
| 2011 | 0.89x | $3.62 Billion | $4.07 Billion | $450.46 Million | ▲ +25.7% |
| 2010 | 0.71x | $1.48 Billion | $2.09 Billion | $612.55 Million | ▼ -12.1% |
| 2009 | 0.81x | $1.69 Billion | $2.09 Billion | $407.73 Million | ▼ -13.7% |
| 2008 | 0.93x | $1.88 Billion | $2.02 Billion | $134.15 Million | ▲ +0.5% |
| 2007 | 0.93x | $1.28 Billion | $1.38 Billion | $98.47 Million | ▲ +2.0% |
| 2006 | 0.91x | $1.45 Billion | $1.60 Billion | $142.51 Million | ▼ -0.6% |
| 2005 | 0.92x | $1.01 Billion | $1.10 Billion | $92.61 Million | ▲ +1.6% |
| 2004 | 0.90x | $554.01 Million | $614.15 Million | $60.14 Million | ▼ -2.6% |
| 2003 | 0.93x | $347.17 Million | $375.00 Million | $27.83 Million | ▲ +3.8% |
| 2002 | 0.89x | $103.31 Million | $115.87 Million | $12.56 Million | — |