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Side-by-side financial comparison of CarGurus, Inc. (CARG) 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 $209.1M, roughly 7.4× CarGurus, Inc.). CarGurus, Inc. runs the higher net margin — 23.8% vs 10.4%, a 13.4% gap on every dollar of revenue. Over the past eight quarters, JOYY Inc.'s revenue compounded faster (16.8% CAGR vs -1.6%).

CarGurus, Inc. is an automotive research and shopping website operating in the U.S., U.K. and Canada that assists consumers and auto dealers in comparing local listings for used and new cars, and contacting sellers.

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.

CARG vs JOYY — Head-to-Head

Bigger by revenue
JOYY
JOYY
7.4× larger
JOYY
$1.5B
$209.1M
CARG
Higher net margin
CARG
CARG
13.4% more per $
CARG
23.8%
10.4%
JOYY
Faster 2-yr revenue CAGR
JOYY
JOYY
Annualised
JOYY
16.8%
-1.6%
CARG

Income Statement — Q4 2025 vs Q3 2025

Metric
CARG
CARG
JOYY
JOYY
Revenue
$209.1M
$1.5B
Net Profit
$49.8M
$160.1M
Gross Margin
36.1%
Operating Margin
57.0%
2.4%
Net Margin
23.8%
10.4%
Revenue YoY
-8.5%
Net Profit YoY
8.5%
EPS (diluted)
$0.51

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
CARG
CARG
JOYY
JOYY
Q4 25
$209.1M
Q3 25
$238.7M
$1.5B
Q2 25
$234.0M
$1.0B
Q1 25
$225.2M
$494.4M
Q4 24
$228.5M
Q3 24
$231.4M
$1.7B
Q2 24
$218.7M
$1.1B
Q1 24
$215.8M
$564.6M
Net Profit
CARG
CARG
JOYY
JOYY
Q4 25
$49.8M
Q3 25
$44.7M
$160.1M
Q2 25
$22.3M
$100.9M
Q1 25
$39.0M
$42.9M
Q4 24
$45.9M
Q3 24
$22.5M
$143.9M
Q2 24
$-68.7M
$87.9M
Q1 24
$21.3M
$40.2M
Gross Margin
CARG
CARG
JOYY
JOYY
Q4 25
Q3 25
89.5%
36.1%
Q2 25
87.3%
36.3%
Q1 25
88.7%
36.1%
Q4 24
87.1%
Q3 24
78.9%
35.7%
Q2 24
83.4%
34.9%
Q1 24
81.1%
34.6%
Operating Margin
CARG
CARG
JOYY
JOYY
Q4 25
57.0%
Q3 25
22.9%
2.4%
Q2 25
10.6%
1.8%
Q1 25
20.3%
2.5%
Q4 24
23.3%
Q3 24
11.9%
1.3%
Q2 24
-42.8%
0.5%
Q1 24
12.2%
0.6%
Net Margin
CARG
CARG
JOYY
JOYY
Q4 25
23.8%
Q3 25
18.7%
10.4%
Q2 25
9.5%
10.1%
Q1 25
17.3%
8.7%
Q4 24
20.1%
Q3 24
9.7%
8.5%
Q2 24
-31.4%
7.8%
Q1 24
9.9%
7.1%
EPS (diluted)
CARG
CARG
JOYY
JOYY
Q4 25
$0.51
Q3 25
$0.45
Q2 25
$0.22
Q1 25
$0.37
Q4 24
$0.45
Q3 24
$0.21
Q2 24
$-0.66
Q1 24
$0.20

Balance Sheet & Financial Strength

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

Metric
CARG
CARG
JOYY
JOYY
Cash + ST InvestmentsLiquidity on hand
$190.5M
$383.8M
Total DebtLower is stronger
$0
Stockholders' EquityBook value
$374.2M
$6.6B
Total Assets
$661.9M
$7.5B
Debt / EquityLower = less leverage
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CARG
CARG
JOYY
JOYY
Q4 25
$190.5M
Q3 25
$178.8M
$383.8M
Q2 25
$231.2M
$401.0M
Q1 25
$172.9M
$801.5M
Q4 24
$304.2M
Q3 24
$246.7M
$481.8M
Q2 24
$216.2M
$607.1M
Q1 24
$246.3M
$728.2M
Total Debt
CARG
CARG
JOYY
JOYY
Q4 25
$0
Q3 25
$0
Q2 25
$0
Q1 25
$0
Q4 24
$0
Q3 24
$0
Q2 24
$0
Q1 24
$0
Stockholders' Equity
CARG
CARG
JOYY
JOYY
Q4 25
$374.2M
Q3 25
$375.4M
$6.6B
Q2 25
$435.5M
$6.6B
Q1 25
$402.1M
$6.6B
Q4 24
$541.7M
Q3 24
$483.5M
$5.3B
Q2 24
$452.1M
$5.3B
Q1 24
$568.4M
$5.3B
Total Assets
CARG
CARG
JOYY
JOYY
Q4 25
$661.9M
Q3 25
$660.5M
$7.5B
Q2 25
$726.1M
$7.5B
Q1 25
$689.1M
$7.6B
Q4 24
$824.5M
Q3 24
$778.2M
$8.1B
Q2 24
$753.3M
$8.1B
Q1 24
$870.8M
$8.6B
Debt / Equity
CARG
CARG
JOYY
JOYY
Q4 25
0.00×
Q3 25
0.00×
Q2 25
0.00×
Q1 25
0.00×
Q4 24
0.00×
Q3 24
0.00×
Q2 24
0.00×
Q1 24
0.00×

Cash Flow & Capital Efficiency

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

Metric
CARG
CARG
JOYY
JOYY
Operating Cash FlowLast quarter
$83.1M
Free Cash FlowOCF − Capex
$81.9M
FCF MarginFCF / Revenue
39.2%
Capex IntensityCapex / Revenue
0.6%
Cash ConversionOCF / Net Profit
1.67×
TTM Free Cash FlowTrailing 4 quarters
$288.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CARG
CARG
JOYY
JOYY
Q4 25
$83.1M
Q3 25
$71.2M
Q2 25
$73.1M
Q1 25
$67.9M
Q4 24
$75.7M
Q3 24
$56.2M
Q2 24
$71.6M
Q1 24
$52.0M
Free Cash Flow
CARG
CARG
JOYY
JOYY
Q4 25
$81.9M
Q3 25
$69.8M
Q2 25
$71.5M
Q1 25
$65.6M
Q4 24
$65.5M
Q3 24
$45.9M
Q2 24
$45.6M
Q1 24
$23.3M
FCF Margin
CARG
CARG
JOYY
JOYY
Q4 25
39.2%
Q3 25
29.2%
Q2 25
30.6%
Q1 25
29.2%
Q4 24
28.7%
Q3 24
19.8%
Q2 24
20.9%
Q1 24
10.8%
Capex Intensity
CARG
CARG
JOYY
JOYY
Q4 25
0.6%
Q3 25
0.6%
Q2 25
0.7%
Q1 25
1.0%
Q4 24
4.5%
Q3 24
4.4%
Q2 24
11.9%
Q1 24
13.3%
Cash Conversion
CARG
CARG
JOYY
JOYY
Q4 25
1.67×
Q3 25
1.59×
Q2 25
3.27×
Q1 25
1.74×
Q4 24
1.65×
Q3 24
2.50×
Q2 24
Q1 24
2.44×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CARG
CARG

US$187.0M89%
Non Us$22.1M11%

JOYY
JOYY

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

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