Netflix, Inc. (NFLX) vs Tencent Holdings Limited (TCEHY)
A side-by-side comparison of Netflix, Inc. and Tencent Holdings Limited across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of September 11, 2026. Differences are shown without an overall score or investment verdict.
NFLX
Netflix, Inc.
$77.40Communication ServicesDelayed quote: Sep 11, 2026, 4:00 PM EDT
TCEHY
Tencent Holdings Limited
$54.55Communication ServicesDelayed quote: Sep 11, 2026, 4:00 PM EDT
Total return — NFLX vs TCEHY
growth of $100 · dividends reinvested · last 10yNFLX +673.9% (+22.7%/yr)TCEHY +121.6% (+8.3%/yr)NFLX compounded faster over this window
NFLX TCEHY
NFLX vs TCEHY: by the numbers
- •TCEHY is the larger company ($491.57B vs $322.29B market cap).
- •TCEHY trades at the lower trailing earnings multiple (14.97 vs 24.34 P/E), one valuation lens rather than an overall verdict.
- •TCEHY converts more revenue to profit (29.83% vs 28.22% net margin).
- •NFLX grew revenue faster over the past five years (11.89% vs 6.83% CAGR).
- •TCEHY pays a dividend (1.23% yield), while NFLX has no payments in the available dividend history.
Metrics side by side
Valuation
| Metric | NFLX | TCEHY |
|---|---|---|
| P/E ratio | 24.34 | 14.97 |
| Forward P/E | 21.51 | N/A |
| P/S ratio | 6.66 | 4.36 |
| P/B ratio | 10.69 | 2.94 |
| EV / EBITDA | 10.23 | 11.31 |
| FCF yield | 3.41% | 5.21% |
Profitability
| Metric | NFLX | TCEHY |
|---|---|---|
| Gross margin | 49.12% | 55.66% |
| Operating margin | 29.68% | 32.48% |
| Net margin | 28.22% | 29.83% |
| ROE | 45.27% | 20.11% |
| ROIC | 24.34% | 11.92% |
Dividends
| Metric | NFLX | TCEHY |
|---|---|---|
| Dividend yield | N/A | 1.23% |
| Payout ratio | N/A | 18.51% |
Growth (annualized)
| Metric | NFLX | TCEHY |
|---|---|---|
| Revenue CAGR (5Y) | 11.89% | 6.83% |
| EPS CAGR (5Y) | 32.58% | 5.91% |
| FCF CAGR (5Y) | 51.23% | 2.93% |
| Total return CAGR (5Y) | 4.89% | -0.93% |
Frequently asked
- Which has the lower trailing P/E, NFLX or TCEHY?
- TCEHY has the lower trailing P/E: NFLX trades at 24.34 and TCEHY at 14.97. P/E is one valuation measure and does not by itself establish which business is cheaper.
- Which has grown faster, NFLX or TCEHY?
- Over the past five years, NFLX grew revenue faster — NFLX at a 11.89% CAGR versus TCEHY at 6.83%.
- Does NFLX or TCEHY pay a bigger dividend?
- TCEHY pays a dividend (1.23% yield), while NFLX has no payments in the available dividend history.
- Is NFLX or TCEHY more profitable?
- TCEHY runs the higher net margin — NFLX at 28.22% versus TCEHY at 29.83%.
- How have NFLX and TCEHY total returns compared?
- Over the past 10 years, NFLX delivered 22.92% and TCEHY delivered 8.51% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Netflix P/E ratioTencent P/E ratioTencent dividend yieldNetflix ROETencent ROENetflix operating marginTencent operating marginNetflix revenue growthTencent revenue growthNetflix free cash flowTencent free cash flow
Netflix & Tencent appear in these rankings
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 September 11, 2026.