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Side-by-side financial comparison of AMERICAN AXLE & MANUFACTURING HOLDINGS INC (AXL) and JOYY Inc. (JOYY). Click either name above to swap in a different company.

JOYY Inc. is the larger business by last-quarter revenue ($1.5B vs $1.4B, roughly 1.1× AMERICAN AXLE & MANUFACTURING HOLDINGS INC). JOYY Inc. runs the higher net margin — 10.4% vs -5.4%, a 15.8% gap on every dollar of revenue. Over the past eight quarters, JOYY Inc.'s revenue compounded faster (16.8% CAGR vs -7.2%).

American Axle & Manufacturing, Inc. (AAM), headquartered in Detroit, Michigan, is an American manufacturer of automobile driveline and drivetrain components and systems.

JOYY Inc. is a global social media technology firm operating digital entertainment platforms including live streaming, short video and social services like Bigo Live and Likee. It serves users across Southeast Asia, Middle East, Latin America and other emerging markets, delivering interactive immersive digital content experiences for user groups.

AXL vs JOYY — Head-to-Head

Bigger by revenue
JOYY
JOYY
1.1× larger
JOYY
$1.5B
$1.4B
AXL
Higher net margin
JOYY
JOYY
15.8% more per $
JOYY
10.4%
-5.4%
AXL
Faster 2-yr revenue CAGR
JOYY
JOYY
Annualised
JOYY
16.8%
-7.2%
AXL

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
AXL
AXL
JOYY
JOYY
Revenue
$1.4B
$1.5B
Net Profit
$-75.3M
$160.1M
Gross Margin
10.2%
36.1%
Operating Margin
-2.4%
2.4%
Net Margin
-5.4%
10.4%
Revenue YoY
0.2%
Net Profit YoY
-449.6%
EPS (diluted)
$-0.62

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
AXL
AXL
JOYY
JOYY
Q4 25
$1.4B
Q3 25
$1.5B
$1.5B
Q2 25
$1.5B
$1.0B
Q1 25
$1.4B
$494.4M
Q4 24
$1.4B
Q3 24
$1.5B
$1.7B
Q2 24
$1.6B
$1.1B
Q1 24
$1.6B
$564.6M
Net Profit
AXL
AXL
JOYY
JOYY
Q4 25
$-75.3M
Q3 25
$9.2M
$160.1M
Q2 25
$39.3M
$100.9M
Q1 25
$7.1M
$42.9M
Q4 24
$-13.7M
Q3 24
$10.0M
$143.9M
Q2 24
$18.2M
$87.9M
Q1 24
$20.5M
$40.2M
Gross Margin
AXL
AXL
JOYY
JOYY
Q4 25
10.2%
Q3 25
12.6%
36.1%
Q2 25
13.1%
36.3%
Q1 25
12.3%
36.1%
Q4 24
11.2%
Q3 24
11.4%
35.7%
Q2 24
13.3%
34.9%
Q1 24
12.4%
34.6%
Operating Margin
AXL
AXL
JOYY
JOYY
Q4 25
-2.4%
Q3 25
3.2%
2.4%
Q2 25
3.6%
1.8%
Q1 25
3.0%
2.5%
Q4 24
2.6%
Q3 24
2.8%
1.3%
Q2 24
5.3%
0.5%
Q1 24
4.8%
0.6%
Net Margin
AXL
AXL
JOYY
JOYY
Q4 25
-5.4%
Q3 25
0.6%
10.4%
Q2 25
2.6%
10.1%
Q1 25
0.5%
8.7%
Q4 24
-1.0%
Q3 24
0.7%
8.5%
Q2 24
1.1%
7.8%
Q1 24
1.3%
7.1%
EPS (diluted)
AXL
AXL
JOYY
JOYY
Q4 25
$-0.62
Q3 25
$0.07
Q2 25
$0.32
Q1 25
$0.06
Q4 24
$-0.11
Q3 24
$0.08
Q2 24
$0.15
Q1 24
$0.17

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AXL
AXL
JOYY
JOYY
Cash + ST InvestmentsLiquidity on hand
$708.9M
$383.8M
Total DebtLower is stronger
$4.0B
Stockholders' EquityBook value
$640.0M
$6.6B
Total Assets
$6.7B
$7.5B
Debt / EquityLower = less leverage
6.31×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AXL
AXL
JOYY
JOYY
Q4 25
$708.9M
Q3 25
$714.1M
$383.8M
Q2 25
$586.5M
$401.0M
Q1 25
$549.2M
$801.5M
Q4 24
$552.9M
Q3 24
$542.5M
$481.8M
Q2 24
$519.9M
$607.1M
Q1 24
$469.8M
$728.2M
Total Debt
AXL
AXL
JOYY
JOYY
Q4 25
$4.0B
Q3 25
$2.6B
Q2 25
$2.6B
Q1 25
$2.6B
Q4 24
$2.6B
Q3 24
$2.6B
Q2 24
$2.7B
Q1 24
$2.7B
Stockholders' Equity
AXL
AXL
JOYY
JOYY
Q4 25
$640.0M
Q3 25
$718.4M
$6.6B
Q2 25
$673.0M
$6.6B
Q1 25
$596.3M
$6.6B
Q4 24
$562.8M
Q3 24
$616.3M
$5.3B
Q2 24
$609.6M
$5.3B
Q1 24
$621.4M
$5.3B
Total Assets
AXL
AXL
JOYY
JOYY
Q4 25
$6.7B
Q3 25
$5.3B
$7.5B
Q2 25
$5.3B
$7.5B
Q1 25
$5.1B
$7.6B
Q4 24
$5.1B
Q3 24
$5.3B
$8.1B
Q2 24
$5.3B
$8.1B
Q1 24
$5.4B
$8.6B
Debt / Equity
AXL
AXL
JOYY
JOYY
Q4 25
6.31×
Q3 25
3.61×
Q2 25
3.86×
Q1 25
4.38×
Q4 24
4.58×
Q3 24
4.28×
Q2 24
4.42×
Q1 24
4.40×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AXL
AXL
JOYY
JOYY
Operating Cash FlowLast quarter
$120.5M
Free Cash FlowOCF − Capex
$54.7M
FCF MarginFCF / Revenue
4.0%
Capex IntensityCapex / Revenue
4.8%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$155.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AXL
AXL
JOYY
JOYY
Q4 25
$120.5M
Q3 25
$143.3M
Q2 25
$91.9M
Q1 25
$55.9M
Q4 24
$151.2M
Q3 24
$143.6M
Q2 24
$142.8M
Q1 24
$17.8M
Free Cash Flow
AXL
AXL
JOYY
JOYY
Q4 25
$54.7M
Q3 25
$79.2M
Q2 25
$34.6M
Q1 25
$-13.4M
Q4 24
$73.2M
Q3 24
$70.4M
Q2 24
$94.0M
Q1 24
$-30.2M
FCF Margin
AXL
AXL
JOYY
JOYY
Q4 25
4.0%
Q3 25
5.3%
Q2 25
2.3%
Q1 25
-0.9%
Q4 24
5.3%
Q3 24
4.7%
Q2 24
5.8%
Q1 24
-1.9%
Capex Intensity
AXL
AXL
JOYY
JOYY
Q4 25
4.8%
Q3 25
4.3%
Q2 25
3.7%
Q1 25
4.9%
Q4 24
5.6%
Q3 24
4.9%
Q2 24
3.0%
Q1 24
3.0%
Cash Conversion
AXL
AXL
JOYY
JOYY
Q4 25
Q3 25
15.58×
Q2 25
2.34×
Q1 25
7.87×
Q4 24
Q3 24
14.36×
Q2 24
7.85×
Q1 24
0.87×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AXL
AXL

Driveline$748.4M54%
Other$345.7M25%
Metal Forming$289.8M21%

JOYY
JOYY

Live streaming$1.1B74%
Advertising$297.3M19%
Others$109.8M7%

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