Microsoft Corporation (MSFT) vs Tencent Holdings Limited (TCEHY)

MSFT leads on 9 of 16 compared metrics, though TCEHY is the cheaper stock.

A side-by-side comparison of Microsoft Corporation and Tencent Holdings Limited across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of June 13, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).

Total return — MSFT vs TCEHY

growth of $100 · last 18y
MSFT +1560.6%TCEHY +4118.6%TCEHY compounded faster
02k4k6kStart $100201120142017202020232026$1,661$4,219
MSFT TCEHY

MSFT vs TCEHY: by the numbers

  • MSFT is the larger company ($2.90T vs $533.13B market cap).
  • TCEHY trades at the lower earnings multiple (16.48 vs 23.26 P/E).
  • MSFT converts more revenue to profit (39.34% vs 30.60% net margin).
  • MSFT grew revenue faster over the past five years (14.75% vs 7.40% CAGR).
  • TCEHY pays the higher dividend yield (1.14% vs 0.91%).

Which is better, MSFT or TCEHY?

Metric tally: MSFT 9 · TCEHY 7

It depends on what you're optimizing for:

ValueTCEHY(lower P/E)
GrowthMSFT(faster 5Y revenue CAGR)
IncomeTCEHY(higher dividend yield)
QualityMSFT(higher ROIC)

Valuation

MetricMSFTTCEHY
P/E ratio23.2616.48
Forward P/E20.11
P/S ratio9.145.00
P/B ratio7.023.33
PEG ratio2.341.50
EV / EBITDA14.6012.31
FCF yield2.51%4.78%

Profitability

MetricMSFTTCEHY
Gross margin68.31%55.36%
Operating margin46.80%32.33%
Net margin39.34%30.60%
ROE30.22%20.37%
ROIC21.63%11.71%

Dividends

MetricMSFTTCEHY
Dividend yield0.91%1.14%
Payout ratio25.99%19.63%

Growth (annualized)

MetricMSFTTCEHY
Revenue CAGR (5Y)14.75%7.40%
EPS CAGR (5Y)18.68%5.91%
FCF CAGR (5Y)6.27%2.70%
Total return CAGR (5Y)9.56%-3.77%

Frequently asked

Which is better, MSFT or TCEHY?
It depends on your goal. value: TCEHY (lower P/E); growth: MSFT (faster 5Y revenue CAGR); income: TCEHY (higher dividend yield); quality: MSFT (higher ROIC). Across all compared metrics, MSFT leads 9 to 7.
Is MSFT or TCEHY cheaper?
On trailing earnings, TCEHY is cheaper: MSFT trades at a 23.26 P/E and TCEHY at 16.48.
Which has grown faster, MSFT or TCEHY?
Over the past five years, MSFT grew revenue faster — MSFT at a 14.75% CAGR versus TCEHY at 7.40%.
Does MSFT or TCEHY pay a bigger dividend?
MSFT yields 0.91% and TCEHY yields 1.14% based on trailing dividends and the latest price.
Is MSFT or TCEHY more profitable?
MSFT runs the higher net margin — MSFT at 39.34% versus TCEHY at 30.60%.
Which has been the better investment, MSFT or TCEHY?
Over the past 10-year, MSFT delivered the higher annualized total return — MSFT at 23.98% versus TCEHY at 11.18%. Past performance doesn't predict future results.

Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified June 13, 2026.