QUALCOMM Incorporated (QCOM) vs Tencent Holdings Limited (TCEHY)
A side-by-side comparison of QUALCOMM Incorporated and Tencent Holdings Limited across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of September 10, 2026. Differences are shown without an overall score or investment verdict.
Different business models: QCOM is classified in Technology; TCEHY is classified in Communication Services. Margin, capital intensity, and valuation differences should be interpreted in that sector context.
QCOM
QUALCOMM Incorporated
$181.97TechnologyDelayed 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 — QCOM vs TCEHY
growth of $100 · dividends reinvested · last 10yQCOM +266.0% (+13.9%/yr)TCEHY +121.6% (+8.3%/yr)QCOM compounded faster over this window
QCOM TCEHY
QCOM vs TCEHY: by the numbers
- •TCEHY is the larger company ($491.57B vs $191.07B market cap).
- •TCEHY trades at the lower trailing earnings multiple (14.97 vs 20.77 P/E), one valuation lens rather than an overall verdict.
- •TCEHY converts more revenue to profit (29.83% vs 21.01% net margin).
- •TCEHY grew revenue faster over the past five years (6.83% vs 6.23% CAGR).
- •QCOM pays the higher dividend yield (2.05% vs 1.23%).
Metrics side by side
Valuation
| Metric | QCOM | TCEHY |
|---|---|---|
| P/E ratio | 20.77 | 14.97 |
| Forward P/E | 17.26 | N/A |
| P/S ratio | 4.34 | 4.36 |
| P/B ratio | 6.91 | 2.94 |
| EV / EBITDA | 17.11 | 11.31 |
| FCF yield | 5.45% | 5.21% |
Profitability
| Metric | QCOM | TCEHY |
|---|---|---|
| Gross margin | 54.23% | 55.66% |
| Operating margin | 23.19% | 32.48% |
| Net margin | 21.01% | 29.83% |
| ROE | 33.48% | 20.11% |
| ROIC | 17.42% | 11.92% |
Dividends
| Metric | QCOM | TCEHY |
|---|---|---|
| Dividend yield | 2.05% | 1.23% |
| Payout ratio | 41.32% | 18.51% |
Growth (annualized)
| Metric | QCOM | TCEHY |
|---|---|---|
| Revenue CAGR (5Y) | 6.23% | 6.83% |
| EPS CAGR (5Y) | 2.02% | 5.91% |
| FCF CAGR (5Y) | 2.09% | 2.93% |
| Total return CAGR (5Y) | 6.80% | -0.93% |
Frequently asked
- Which has the lower trailing P/E, QCOM or TCEHY?
- TCEHY has the lower trailing P/E: QCOM trades at 20.77 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, QCOM or TCEHY?
- Over the past five years, TCEHY grew revenue faster — QCOM at a 6.23% CAGR versus TCEHY at 6.83%.
- Does QCOM or TCEHY pay a bigger dividend?
- QCOM yields 2.05% and TCEHY yields 1.23% based on trailing dividends and the latest price.
- Is QCOM or TCEHY more profitable?
- TCEHY runs the higher net margin — QCOM at 21.01% versus TCEHY at 29.83%.
- How have QCOM and TCEHY total returns compared?
- Over the past 10 years, QCOM delivered 14.33% and TCEHY delivered 8.51% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
QUALCOMM P/E ratioTencent P/E ratioQUALCOMM dividend yieldTencent dividend yieldQUALCOMM ROETencent ROEQUALCOMM operating marginTencent operating marginQUALCOMM revenue growthTencent revenue growthQUALCOMM free cash flowTencent free cash flow
QUALCOMM & 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 10, 2026.