TME
Tencent Music Entertainment GroupTencent Music Entertainment Group reported revenue of CNY 28.40B in its most recent fiscal year, up 2.3% on the year before. It kept 25.0% of that as net income, and generated CNY 9.96B of free cash flow. Figures below are compared against other companies classified under Radio Broadcasting Stations.
Grades vs. industry
Growth
| Metric | Company | Industry median | Rank |
|---|---|---|---|
Revenue growth (YoY) Latest fiscal year revenue vs. the year before. | 2.3% | -1.6% | 3 / 9 |
Revenue growth (3y) Annualized revenue growth over three fiscal years. | -3.1% | -2.3% | 7 / 9 |
Revenue growth (5y) Annualized revenue growth over five fiscal years. | 2.2% | 2.3% | 6 / 9 |
EPS growth (YoY) Diluted EPS vs. the prior fiscal year. | Not reported | — | — |
EPS growth (3y) Annualized diluted EPS growth over three fiscal years. | Not reported | — | — |
EPS growth (5y) Annualized diluted EPS growth over five fiscal years. | Not reported | — | — |
Free cash flow growth (YoY) Operating cash flow less capital expenditure, vs. prior year. | 38.8% | -14.0% | 1 / 6 |
Free cash flow growth (3y) Annualized free cash flow growth over three fiscal years. | 25.1% | -17.4% | 2 / 7 |
top third of peersmiddle thirdbottom third. Rank 1 is always best — for debt and payout ratios that means the lowest figure, not the highest.
“Not reported” means the company did not tag this figure in its filing, not that the value is zero. Rankings are hidden where fewer than 5 classified peers reported the metric, and compare against a broad industry code rather than close competitors.
Profitability
| Metric | Company | Industry median | Rank |
|---|---|---|---|
Gross margin Gross profit as a share of revenue. Often unreported. | 42.3% | — | — |
Operating margin Operating income as a share of revenue. | 30.7% | -0.5% | 1 / 9 |
Net margin Net income as a share of revenue. | 25.0% | -7.4% | 1 / 9 |
Free cash flow margin Free cash flow as a share of revenue. | 35.1% | 2.3% | 1 / 9 |
Return on equity Net income divided by shareholder equity. | 10.2% | 0.9% | 2 / 6 |
Return on assets Net income divided by total assets. | 7.9% | -3.9% | 2 / 9 |
Return on invested capital After-tax operating profit over debt plus equity less cash. | 12.6% | -0.6% | 2 / 9 |
top third of peersmiddle thirdbottom third. Rank 1 is always best — for debt and payout ratios that means the lowest figure, not the highest.
“Not reported” means the company did not tag this figure in its filing, not that the value is zero. Rankings are hidden where fewer than 5 classified peers reported the metric, and compare against a broad industry code rather than close competitors.
Financial health
| Metric | Company | Industry median | Rank |
|---|---|---|---|
Debt to equity Total debt divided by shareholder equity. | Not reported | 0.75x | — |
Current ratio Current assets over current liabilities. | 2.09x | 1.51x | 3 / 9 |
Quick ratio Current assets excluding inventory, over current liabilities. | 2.09x | 1.51x | 3 / 9 |
Interest coverage Operating income divided by interest expense. | 92.66x | -0.34x | 1 / 8 |
Net debt to EBITDA Net debt over derived EBITDA. EBITDA is not a GAAP tag; it is computed. | Not reported | — | — |
top third of peersmiddle thirdbottom third. Rank 1 is always best — for debt and payout ratios that means the lowest figure, not the highest.
“Not reported” means the company did not tag this figure in its filing, not that the value is zero. Rankings are hidden where fewer than 5 classified peers reported the metric, and compare against a broad industry code rather than close competitors.
Insider activity
Trades reported by officers, directors and 10% shareholders on SEC Form 4. None of the last 7 reported transactions were open-market purchases — grants, option exercises and sales make up the majority of insider filings at most companies.
| Date | Insider | Transaction | Shares | Price | Value |
|---|---|---|---|---|---|
| Oct 15, 2026 | CHAN JEANETTE KIM YUM Director | Option exercise | 3,155 | — | — |
| Oct 15, 2026 | CHAN JEANETTE KIM YUM Director | Grant or award(derivative) | 9,271 | — | — |
| Oct 15, 2026 | CHAN JEANETTE KIM YUM Director | Option exercise(derivative) | 3,155 | — | — |
| Oct 15, 2026 | Ngan Edith Manling Director | Grant or award(derivative) | 9,271 | — | — |
| Oct 15, 2026 | MAK YAU KEE ADRIAN Director | Grant or award(derivative) | 9,271 | — | — |
| Sep 29, 2026 | PAN TSAI-CHUN Group Vice President | Option exercise | 155,320 | $3.86 | $599.5K |
| Sep 29, 2026 | PAN TSAI-CHUN Group Vice President | Option exercise(derivative) | 155,320 | — | — |
A dash under price or value means none was reported, which is normal for grants and gifts — it does not mean the shares were free. Option exercises and awards are compensation arriving on a schedule, not a judgement about the stock.
Annual financials
| Fiscal year | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | CNY 28.40B | CNY 27.75B | CNY 28.34B | CNY 31.24B | CNY 29.15B | CNY 25.43B | CNY 18.98B | CNY 10.98B | CNY 4.36B |
| Gross profit | CNY 12.03B | CNY 9.79B | CNY 8.77B | CNY 9.40B | CNY 9.30B | CNY 8.67B | CNY 7.28B | CNY 3.81B | CNY 1.23B |
| Operating income | CNY 8.71B | CNY 6.06B | CNY 4.44B | CNY 3.80B | CNY 4.71B | CNY 4.62B | CNY 2.04B | CNY 1.59B | CNY 103.00M |
| Net income | CNY 7.11B | CNY 5.22B | CNY 3.84B | CNY 3.21B | CNY 4.18B | CNY 3.98B | CNY 1.83B | CNY 1.32B | CNY 85.00M |
| Operating cash flow | CNY 10.28B | CNY 7.34B | CNY 7.48B | CNY 5.24B | CNY 4.88B | CNY 6.20B | CNY 5.63B | CNY 2.50B | CNY 873.00M |
| Capital expenditure | CNY 319.00M | CNY 165.00M | CNY 85.00M | CNY 159.00M | CNY 108.00M | CNY 95.00M | CNY 132.00M | CNY 75.00M | CNY 41.00M |
| Free cash flow | CNY 9.96B | CNY 7.17B | CNY 7.40B | CNY 5.08B | CNY 4.78B | CNY 6.11B | CNY 5.50B | CNY 2.42B | CNY 832.00M |
| Total assets | CNY 90.44B | CNY 75.54B | CNY 67.01B | CNY 67.25B | CNY 68.27B | CNY 52.68B | CNY 44.60B | CNY 30.00B | — |
| Shareholder equity | CNY 69.73B | CNY 57.20B | CNY 49.13B | CNY 51.05B | CNY 52.73B | CNY 43.68B | CNY 37.77B | CNY 26.15B | CNY 20.63B |
| Total debt | — | CNY 5.64B | CNY 5.54B | CNY 5.06B | CNY 5.17B | — | — | — | — |
| Cash | CNY 13.16B | CNY 13.57B | CNY 9.55B | CNY 6.59B | CNY 11.13B | CNY 15.43B | CNY 17.36B | CNY 5.17B | CNY 3.07B |
A dash means the figure was not tagged in that year’s filing. It does not mean zero. Figures reflect the most recent filing covering each period, so restated years show their restated values.
Amounts are in CNY, as the company reports them. Nothing here is converted to dollars, so these figures cannot be compared directly against a company reporting in another currency. Margins, returns and other ratios are unaffected.
Source
Figures come from Tencent Music Entertainment Group’s filings with the SEC, as submitted in XBRL. The most recent annual figures are from a 20-F filed Apr 23, 2025. View filings on EDGAR.