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Side-by-side financial comparison of FULLER H B CO (FUL) 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 $892.0M, roughly 1.7× FULLER H B CO). JOYY Inc. runs the higher net margin — 10.4% vs 7.5%, a 2.9% gap on every dollar of revenue. Over the past eight quarters, JOYY Inc.'s revenue compounded faster (16.8% CAGR vs 5.0%).

H.B. Fuller Company is an American multinational adhesives manufacturing company headquartered in St. Paul, Minnesota. H.B. Fuller manufactures more than 20,000 products for a variety of applications, including those used in construction, engineering, electronics, hygiene products, and food packaging. Its products are made at 81 manufacturing facilities in 26 countries. As of 2024, it was the fourth-largest manufacturer of adhesives and sealants in the world, employed approximately 7,500 peop...

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.

FUL vs JOYY — Head-to-Head

Bigger by revenue
JOYY
JOYY
1.7× larger
JOYY
$1.5B
$892.0M
FUL
Higher net margin
JOYY
JOYY
2.9% more per $
JOYY
10.4%
7.5%
FUL
Faster 2-yr revenue CAGR
JOYY
JOYY
Annualised
JOYY
16.8%
5.0%
FUL

Income Statement — Q3 FY2025 vs Q3 FY2025

Metric
FUL
FUL
JOYY
JOYY
Revenue
$892.0M
$1.5B
Net Profit
$67.2M
$160.1M
Gross Margin
32.0%
36.1%
Operating Margin
12.3%
2.4%
Net Margin
7.5%
10.4%
Revenue YoY
-2.8%
Net Profit YoY
21.3%
EPS (diluted)
$1.22

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
FUL
FUL
JOYY
JOYY
Q3 25
$892.0M
$1.5B
Q2 25
$898.1M
$1.0B
Q1 25
$494.4M
Q3 24
$917.9M
$1.7B
Q2 24
$1.1B
Q1 24
$810.4M
$564.6M
Q4 23
$902.9M
Q3 23
$900.6M
$1.7B
Net Profit
FUL
FUL
JOYY
JOYY
Q3 25
$67.2M
$160.1M
Q2 25
$41.8M
$100.9M
Q1 25
$42.9M
Q3 24
$55.4M
$143.9M
Q2 24
$87.9M
Q1 24
$31.0M
$40.2M
Q4 23
$45.0M
Q3 23
$37.6M
$232.3M
Gross Margin
FUL
FUL
JOYY
JOYY
Q3 25
32.0%
36.1%
Q2 25
31.9%
36.3%
Q1 25
36.1%
Q3 24
30.0%
35.7%
Q2 24
34.9%
Q1 24
29.5%
34.6%
Q4 23
30.3%
Q3 23
29.3%
36.0%
Operating Margin
FUL
FUL
JOYY
JOYY
Q3 25
12.3%
2.4%
Q2 25
11.1%
1.8%
Q1 25
2.5%
Q3 24
11.4%
1.3%
Q2 24
0.5%
Q1 24
8.3%
0.6%
Q4 23
12.6%
Q3 23
10.1%
1.4%
Net Margin
FUL
FUL
JOYY
JOYY
Q3 25
7.5%
10.4%
Q2 25
4.7%
10.1%
Q1 25
8.7%
Q3 24
6.0%
8.5%
Q2 24
7.8%
Q1 24
3.8%
7.1%
Q4 23
5.0%
Q3 23
4.2%
13.7%
EPS (diluted)
FUL
FUL
JOYY
JOYY
Q3 25
$1.22
Q2 25
$0.76
Q1 25
Q3 24
$0.98
Q2 24
Q1 24
$0.55
Q4 23
$0.80
Q3 23
$0.67

Balance Sheet & Financial Strength

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

Metric
FUL
FUL
JOYY
JOYY
Cash + ST InvestmentsLiquidity on hand
$122.5M
$383.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$2.0B
$6.6B
Total Assets
$5.2B
$7.5B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FUL
FUL
JOYY
JOYY
Q3 25
$122.5M
$383.8M
Q2 25
$96.8M
$401.0M
Q1 25
$801.5M
Q3 24
$131.4M
$481.8M
Q2 24
$607.1M
Q1 24
$165.2M
$728.2M
Q4 23
$179.5M
Q3 23
$94.9M
$1.2B
Total Debt
FUL
FUL
JOYY
JOYY
Q3 25
Q2 25
Q1 25
Q3 24
Q2 24
Q1 24
Q4 23
$1.8B
Q3 23
Stockholders' Equity
FUL
FUL
JOYY
JOYY
Q3 25
$2.0B
$6.6B
Q2 25
$1.9B
$6.6B
Q1 25
$6.6B
Q3 24
$1.8B
$5.3B
Q2 24
$5.3B
Q1 24
$1.8B
$5.3B
Q4 23
$1.8B
Q3 23
$1.7B
$5.3B
Total Assets
FUL
FUL
JOYY
JOYY
Q3 25
$5.2B
$7.5B
Q2 25
$5.1B
$7.5B
Q1 25
$7.6B
Q3 24
$5.0B
$8.1B
Q2 24
$8.1B
Q1 24
$4.7B
$8.6B
Q4 23
$4.7B
Q3 23
$4.7B
$8.4B
Debt / Equity
FUL
FUL
JOYY
JOYY
Q3 25
Q2 25
Q1 25
Q3 24
Q2 24
Q1 24
Q4 23
1.05×
Q3 23

Cash Flow & Capital Efficiency

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

Metric
FUL
FUL
JOYY
JOYY
Operating Cash FlowLast quarter
$99.0M
Free Cash FlowOCF − Capex
$68.9M
FCF MarginFCF / Revenue
7.7%
Capex IntensityCapex / Revenue
3.4%
Cash ConversionOCF / Net Profit
1.47×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FUL
FUL
JOYY
JOYY
Q3 25
$99.0M
Q2 25
Q1 25
Q3 24
$169.4M
Q2 24
Q1 24
$47.4M
Q4 23
$161.7M
Q3 23
$108.3M
Free Cash Flow
FUL
FUL
JOYY
JOYY
Q3 25
$68.9M
Q2 25
Q1 25
Q3 24
$99.9M
Q2 24
Q1 24
$4.1M
Q4 23
$152.1M
Q3 23
$81.3M
FCF Margin
FUL
FUL
JOYY
JOYY
Q3 25
7.7%
Q2 25
Q1 25
Q3 24
10.9%
Q2 24
Q1 24
0.5%
Q4 23
16.8%
Q3 23
9.0%
Capex Intensity
FUL
FUL
JOYY
JOYY
Q3 25
3.4%
Q2 25
Q1 25
Q3 24
7.6%
Q2 24
Q1 24
5.3%
Q4 23
1.1%
Q3 23
3.0%
Cash Conversion
FUL
FUL
JOYY
JOYY
Q3 25
1.47×
Q2 25
Q1 25
Q3 24
3.06×
Q2 24
Q1 24
1.53×
Q4 23
3.59×
Q3 23
2.88×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FUL
FUL

Hygiene Health And Consumable Adhesives$386.1M43%
Engineering Adhesives$272.3M31%
Building Adhesives Solutions$233.7M26%

JOYY
JOYY

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

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