NetEase Inc (NTES) — Free Cash Flow Generation Index
NetEase Inc (NTES) has a Free Cash Flow Generation Index of 1.00x as of June 2026. Free cash flow of $9.97 Billion represents 1% of operating cash flow ($9.99 Billion). Explore NTES capex reinvestment rate to see what proportion of operating cash flow is directed to capital expenditures.
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. For the full cash flow conversion analysis, see how efficiently does NetEase Inc generate cash.
Annual Free Cash Flow Generation for NetEase Inc (2002–2025)
Year-by-year Free Cash Flow Generation Index for NetEase Inc. Check NTES cash reinvestment to operating cash ratio to assess the company's total reinvestment commitment from operating cash flow.
| 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 | — |