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Side-by-side financial comparison of JOYY Inc. (JOYY) and Martin Marietta Materials (MLM). Click either name above to swap in a different company.

JOYY Inc. is the larger business by last-quarter revenue ($1.5B vs $1.1B, roughly 1.4× Martin Marietta Materials). Martin Marietta Materials runs the higher net margin — 24.5% vs 10.4%, a 14.1% gap on every dollar of revenue. Over the past eight quarters, JOYY Inc.'s revenue compounded faster (16.8% CAGR vs -4.5%).

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.

Martin Marietta Materials, Inc. is an American company and a supplier of aggregates and heavy building materials, with operations spanning 26 states, Canada, and the Caribbean. In particular, Martin Marietta Materials supplies resources for the construction of roads, sidewalks, and foundations.

JOYY vs MLM — Head-to-Head

Bigger by revenue
JOYY
JOYY
1.4× larger
JOYY
$1.5B
$1.1B
MLM
Higher net margin
MLM
MLM
14.1% more per $
MLM
24.5%
10.4%
JOYY
Faster 2-yr revenue CAGR
JOYY
JOYY
Annualised
JOYY
16.8%
-4.5%
MLM

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
JOYY
JOYY
MLM
MLM
Revenue
$1.5B
$1.1B
Net Profit
$160.1M
$279.0M
Gross Margin
36.1%
35.0%
Operating Margin
2.4%
24.6%
Net Margin
10.4%
24.5%
Revenue YoY
-30.1%
Net Profit YoY
-4.8%
EPS (diluted)
$4.59

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
JOYY
JOYY
MLM
MLM
Q4 25
$1.1B
Q3 25
$1.5B
$1.8B
Q2 25
$1.0B
$1.8B
Q1 25
$494.4M
$1.4B
Q4 24
$1.6B
Q3 24
$1.7B
$1.9B
Q2 24
$1.1B
$1.8B
Q1 24
$564.6M
$1.3B
Net Profit
JOYY
JOYY
MLM
MLM
Q4 25
$279.0M
Q3 25
$160.1M
$414.0M
Q2 25
$100.9M
$328.0M
Q1 25
$42.9M
$116.0M
Q4 24
$293.0M
Q3 24
$143.9M
$363.0M
Q2 24
$87.9M
$294.0M
Q1 24
$40.2M
$1.0B
Gross Margin
JOYY
JOYY
MLM
MLM
Q4 25
35.0%
Q3 25
36.1%
33.1%
Q2 25
36.3%
30.0%
Q1 25
36.1%
24.8%
Q4 24
30.0%
Q3 24
35.7%
31.7%
Q2 24
34.9%
29.3%
Q1 24
34.6%
21.7%
Operating Margin
JOYY
JOYY
MLM
MLM
Q4 25
24.6%
Q3 25
2.4%
27.4%
Q2 25
1.8%
25.3%
Q1 25
2.5%
14.3%
Q4 24
24.4%
Q3 24
1.3%
25.9%
Q2 24
0.5%
22.6%
Q1 24
0.6%
Net Margin
JOYY
JOYY
MLM
MLM
Q4 25
24.5%
Q3 25
10.4%
22.4%
Q2 25
10.1%
18.1%
Q1 25
8.7%
8.6%
Q4 24
18.0%
Q3 24
8.5%
19.2%
Q2 24
7.8%
16.7%
Q1 24
7.1%
83.5%
EPS (diluted)
JOYY
JOYY
MLM
MLM
Q4 25
$4.59
Q3 25
$6.85
Q2 25
$5.43
Q1 25
$1.90
Q4 24
$4.87
Q3 24
$5.91
Q2 24
$4.76
Q1 24
$16.87

Balance Sheet & Financial Strength

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

Metric
JOYY
JOYY
MLM
MLM
Cash + ST InvestmentsLiquidity on hand
$383.8M
$67.0M
Total DebtLower is stronger
$5.3B
Stockholders' EquityBook value
$6.6B
$10.0B
Total Assets
$7.5B
$18.7B
Debt / EquityLower = less leverage
0.53×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
JOYY
JOYY
MLM
MLM
Q4 25
$67.0M
Q3 25
$383.8M
$57.0M
Q2 25
$401.0M
$225.0M
Q1 25
$801.5M
$101.0M
Q4 24
$670.0M
Q3 24
$481.8M
$52.0M
Q2 24
$607.1M
$109.0M
Q1 24
$728.2M
$2.6B
Total Debt
JOYY
JOYY
MLM
MLM
Q4 25
$5.3B
Q3 25
$5.5B
Q2 25
$5.4B
Q1 25
$5.4B
Q4 24
$5.4B
Q3 24
$4.0B
Q2 24
$4.3B
Q1 24
$4.3B
Stockholders' Equity
JOYY
JOYY
MLM
MLM
Q4 25
$10.0B
Q3 25
$6.6B
$9.7B
Q2 25
$6.6B
$9.4B
Q1 25
$6.6B
$9.1B
Q4 24
$9.5B
Q3 24
$5.3B
$9.2B
Q2 24
$5.3B
$8.8B
Q1 24
$5.3B
$8.9B
Total Assets
JOYY
JOYY
MLM
MLM
Q4 25
$18.7B
Q3 25
$7.5B
$18.7B
Q2 25
$7.5B
$18.1B
Q1 25
$7.6B
$17.7B
Q4 24
$18.2B
Q3 24
$8.1B
$16.5B
Q2 24
$8.1B
$16.3B
Q1 24
$8.6B
$16.2B
Debt / Equity
JOYY
JOYY
MLM
MLM
Q4 25
0.53×
Q3 25
0.57×
Q2 25
0.58×
Q1 25
0.60×
Q4 24
0.57×
Q3 24
0.44×
Q2 24
0.49×
Q1 24
0.49×

Cash Flow & Capital Efficiency

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

Metric
JOYY
JOYY
MLM
MLM
Operating Cash FlowLast quarter
$629.0M
Free Cash FlowOCF − Capex
$424.0M
FCF MarginFCF / Revenue
37.2%
Capex IntensityCapex / Revenue
18.0%
Cash ConversionOCF / Net Profit
2.25×
TTM Free Cash FlowTrailing 4 quarters
$978.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
JOYY
JOYY
MLM
MLM
Q4 25
$629.0M
Q3 25
$551.0M
Q2 25
$387.0M
Q1 25
$218.0M
Q4 24
$686.0M
Q3 24
$600.0M
Q2 24
$1.0M
Q1 24
$172.0M
Free Cash Flow
JOYY
JOYY
MLM
MLM
Q4 25
$424.0M
Q3 25
$361.0M
Q2 25
$208.0M
Q1 25
$-15.0M
Q4 24
$453.0M
Q3 24
$317.0M
Q2 24
$-138.0M
Q1 24
$-28.0M
FCF Margin
JOYY
JOYY
MLM
MLM
Q4 25
37.2%
Q3 25
19.6%
Q2 25
11.5%
Q1 25
-1.1%
Q4 24
27.8%
Q3 24
16.8%
Q2 24
-7.8%
Q1 24
-2.2%
Capex Intensity
JOYY
JOYY
MLM
MLM
Q4 25
18.0%
Q3 25
10.3%
Q2 25
9.9%
Q1 25
17.2%
Q4 24
14.3%
Q3 24
15.0%
Q2 24
7.9%
Q1 24
16.0%
Cash Conversion
JOYY
JOYY
MLM
MLM
Q4 25
2.25×
Q3 25
1.33×
Q2 25
1.18×
Q1 25
1.88×
Q4 24
2.34×
Q3 24
1.65×
Q2 24
0.00×
Q1 24
0.16×

Financial Flow Comparison

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

Revenue Breakdown by Segment

JOYY
JOYY

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

MLM
MLM

Building Materials Business East Group$774.0M68%
Building Materials Business West Group$233.0M20%
Services$88.0M8%
Other$45.0M4%

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