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 July 28, 2026. Differences are shown without an overall score or investment verdict.
NFLX
Netflix, Inc.
$72.39Communication ServicesDelayed quote: Jul 28, 2026, 4:00 PM EDT
TCEHY
Tencent Holdings Limited
$57.75Communication ServicesDelayed quote: Jul 28, 2026, 3:59 PM EDT
Total return — NFLX vs TCEHY
growth of $100 · dividends reinvested · last 18yNFLX +20996.2%TCEHY +4332.9%NFLX compounded faster
NFLX TCEHY
NFLX vs TCEHY: by the numbers
- •TCEHY is the larger company ($520.41B vs $301.43B market cap).
- •TCEHY trades at the lower trailing earnings multiple (15.95 vs 22.14 P/E), one valuation lens rather than an overall verdict.
- •TCEHY converts more revenue to profit (30.60% vs 28.22% net margin).
- •NFLX grew revenue faster over the past five years (11.89% vs 7.40% CAGR).
- •TCEHY pays a dividend (1.18% yield), while NFLX has no payments in the available dividend history.
Metrics side by side
Valuation
| Metric | NFLX | TCEHY |
|---|---|---|
| P/E ratio | 22.14 | 15.95 |
| Forward P/E | 19.58 | N/A |
| P/S ratio | 6.20 | 4.84 |
| P/B ratio | 9.95 | 3.22 |
| PEG ratio | 1.34 | 1.50 |
| EV / EBITDA | 11.05 | 12.64 |
| FCF yield | 3.66% | 6.12% |
Profitability
| Metric | NFLX | TCEHY |
|---|---|---|
| Gross margin | 49.12% | 55.36% |
| Operating margin | 29.68% | 32.33% |
| Net margin | 28.22% | 30.60% |
| ROE | 45.27% | 20.37% |
| ROIC | 25.22% | 11.71% |
Dividends
| Metric | NFLX | TCEHY |
|---|---|---|
| Dividend yield | N/A | 1.18% |
| Payout ratio | N/A | 19.63% |
Growth (annualized)
| Metric | NFLX | TCEHY |
|---|---|---|
| Revenue CAGR (5Y) | 11.89% | 7.40% |
| EPS CAGR (5Y) | 32.58% | 5.91% |
| FCF CAGR (5Y) | 51.23% | 6.82% |
| Total return CAGR (5Y) | 6.29% | 0.92% |
Frequently asked
- Which has the lower trailing P/E, NFLX or TCEHY?
- TCEHY has the lower trailing P/E: NFLX trades at 22.14 and TCEHY at 15.95. 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 7.40%.
- Does NFLX or TCEHY pay a bigger dividend?
- TCEHY pays a dividend (1.18% 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 30.60%.
- How have NFLX and TCEHY total returns compared?
- Over the past 10 years, NFLX delivered 22.57% and TCEHY delivered 9.92% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Netflix P/E ratioTencent P/E ratioNetflix dividend yieldTencent 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 July 28, 2026.