The9 Ltd's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of The9 Ltd (NCTY) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: The9 Ltd vs Its Competitors
- TTM: Trailing 12-month revenue of 15M vs -M combined for tracked competitors (100.0% combined share).
- Trending: Latest-quarter revenue run-rate is accelerating (+290.4% annualized vs trailing 12 months).
- Scale: The9 Ltd ranks #15 of 117 companies by market capitalization in the Miscellaneous Financial Services industry, holding 1.2% of industry market cap.
- Peer revenue share: The9 Ltd accounted for 100.0% of combined revenue among its tracked peer group, up from 100.0% a year earlier.
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
NCTY Sales vs. its Competitors, Q4 2025
The9 Ltd generated 100.00 % of the combined sales of its peer group, up from 100.00 % a year earlier.
For context: the Miscellaneous Financial Services industry grew revenue 293.3% year over year, combined, vs -23.3% for The9 Ltd. The9 Ltd's share of combined industry revenue moved from 0.02% to 0.00%, a loss of 0.02 percentage points.
The9 Ltd's Competitor Quality Breadth
Share of each group, trailing 12 months: profitable (net margin > 0), expanding (revenue growth > 0), growing faster than the industry's own median, and financially distressed (Piotroski F-Score of 2 or below).
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| The9 Ltd | - | Yes | No | No |
| High-Confidence Competitors (1) | ||||
| Similar-Size Competitors (10) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
NCTY Stock Performance relative to its Competitors
NCTY Stock Performance relative to High-Confidence Competitors
NCTY Stock Performance relative to Similar-Size Competitors
The9 Ltd's Comment on Competition and Industry Peers
The9 Ltd's Competitors Named by the Company
Competitive relationships identified from SEC filings and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| Riot Blockchain | Named by the company | 85% |
| Marathon Digital Holdings, Inc. | Named by the company | 85% |
| MFH | Named by the company | 85% |
| Marathon Patent Group | Named by the company | 85% |
| Bit Digital | Named by the company | 85% |
Filing basis, confidence, active dates and source counts for The9 Ltd's named competitors require a Commercial License.
Methodology: relationships are extracted from SEC filings (named-competitor disclosures) and corroborating sources. Named by the company = explicitly disclosed as a competitor; Inferred = derived from corroborating signals. Confidence reflects evidence strength.