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Side-by-side financial comparison of JOYY Inc. (JOYY) and Organon & Co. (OGN). Click either name above to swap in a different company.

JOYY Inc. is the larger business by last-quarter revenue ($1.5B vs $1.5B, roughly 1.0× Organon & Co.). JOYY Inc. runs the higher net margin — 10.4% vs -13.6%, a 24.0% gap on every dollar of revenue. Over the past eight quarters, JOYY Inc.'s revenue compounded faster (16.8% CAGR vs -3.6%).

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.

Organon & Co. is an American pharmaceutical company headquartered in Jersey City, New Jersey. Organon specializes in the following core therapeutic fields: reproductive medicine, contraception, psychiatry, hormone replacement therapy (HRT), and anesthesia. Organon produces all its products outside of the United States but receives a third of its revenue from the United States.

JOYY vs OGN — Head-to-Head

Bigger by revenue
JOYY
JOYY
1.0× larger
JOYY
$1.5B
$1.5B
OGN
Higher net margin
JOYY
JOYY
24.0% more per $
JOYY
10.4%
-13.6%
OGN
Faster 2-yr revenue CAGR
JOYY
JOYY
Annualised
JOYY
16.8%
-3.6%
OGN

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
JOYY
JOYY
OGN
OGN
Revenue
$1.5B
$1.5B
Net Profit
$160.1M
$-205.0M
Gross Margin
36.1%
49.2%
Operating Margin
2.4%
-9.8%
Net Margin
10.4%
-13.6%
Revenue YoY
-5.3%
Net Profit YoY
-288.1%
EPS (diluted)
$-0.78

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
OGN
OGN
Q4 25
$1.5B
Q3 25
$1.5B
$1.6B
Q2 25
$1.0B
$1.6B
Q1 25
$494.4M
$1.5B
Q4 24
$1.6B
Q3 24
$1.7B
$1.6B
Q2 24
$1.1B
$1.6B
Q1 24
$564.6M
$1.6B
Net Profit
JOYY
JOYY
OGN
OGN
Q4 25
$-205.0M
Q3 25
$160.1M
$160.0M
Q2 25
$100.9M
$145.0M
Q1 25
$42.9M
$87.0M
Q4 24
$109.0M
Q3 24
$143.9M
$359.0M
Q2 24
$87.9M
$195.0M
Q1 24
$40.2M
$201.0M
Gross Margin
JOYY
JOYY
OGN
OGN
Q4 25
49.2%
Q3 25
36.1%
53.5%
Q2 25
36.3%
54.8%
Q1 25
36.1%
55.6%
Q4 24
56.3%
Q3 24
35.7%
58.3%
Q2 24
34.9%
58.4%
Q1 24
34.6%
59.0%
Operating Margin
JOYY
JOYY
OGN
OGN
Q4 25
-9.8%
Q3 25
2.4%
15.2%
Q2 25
1.8%
14.4%
Q1 25
2.5%
6.7%
Q4 24
8.1%
Q3 24
1.3%
13.1%
Q2 24
0.5%
14.6%
Q1 24
0.6%
14.5%
Net Margin
JOYY
JOYY
OGN
OGN
Q4 25
-13.6%
Q3 25
10.4%
10.0%
Q2 25
10.1%
9.1%
Q1 25
8.7%
5.8%
Q4 24
6.8%
Q3 24
8.5%
22.7%
Q2 24
7.8%
12.1%
Q1 24
7.1%
12.4%
EPS (diluted)
JOYY
JOYY
OGN
OGN
Q4 25
$-0.78
Q3 25
$0.61
Q2 25
$0.56
Q1 25
$0.33
Q4 24
$0.42
Q3 24
$1.38
Q2 24
$0.75
Q1 24
$0.78

Balance Sheet & Financial Strength

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

Metric
JOYY
JOYY
OGN
OGN
Cash + ST InvestmentsLiquidity on hand
$383.8M
$574.0M
Total DebtLower is stronger
$8.6B
Stockholders' EquityBook value
$6.6B
$752.0M
Total Assets
$7.5B
$12.9B
Debt / EquityLower = less leverage
11.49×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
JOYY
JOYY
OGN
OGN
Q4 25
$574.0M
Q3 25
$383.8M
$672.0M
Q2 25
$401.0M
$599.0M
Q1 25
$801.5M
$547.0M
Q4 24
$675.0M
Q3 24
$481.8M
$763.0M
Q2 24
$607.1M
$704.0M
Q1 24
$728.2M
$575.0M
Total Debt
JOYY
JOYY
OGN
OGN
Q4 25
$8.6B
Q3 25
$8.8B
Q2 25
$8.9B
Q1 25
$9.0B
Q4 24
$8.9B
Q3 24
$8.7B
Q2 24
$8.7B
Q1 24
$8.7B
Stockholders' Equity
JOYY
JOYY
OGN
OGN
Q4 25
$752.0M
Q3 25
$6.6B
$906.0M
Q2 25
$6.6B
$733.0M
Q1 25
$6.6B
$542.0M
Q4 24
$472.0M
Q3 24
$5.3B
$493.0M
Q2 24
$5.3B
$144.0M
Q1 24
$5.3B
$48.0M
Total Assets
JOYY
JOYY
OGN
OGN
Q4 25
$12.9B
Q3 25
$7.5B
$13.6B
Q2 25
$7.5B
$13.5B
Q1 25
$7.6B
$13.2B
Q4 24
$13.1B
Q3 24
$8.1B
$12.8B
Q2 24
$8.1B
$12.2B
Q1 24
$8.6B
$11.9B
Debt / Equity
JOYY
JOYY
OGN
OGN
Q4 25
11.49×
Q3 25
9.74×
Q2 25
12.14×
Q1 25
16.52×
Q4 24
18.81×
Q3 24
17.75×
Q2 24
60.11×
Q1 24
181.54×

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
OGN
OGN
Operating Cash FlowLast quarter
$141.0M
Free Cash FlowOCF − Capex
$96.0M
FCF MarginFCF / Revenue
6.4%
Capex IntensityCapex / Revenue
3.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$538.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
JOYY
JOYY
OGN
OGN
Q4 25
$141.0M
Q3 25
$264.0M
Q2 25
$220.0M
Q1 25
$75.0M
Q4 24
$390.0M
Q3 24
$141.0M
Q2 24
$332.0M
Q1 24
$76.0M
Free Cash Flow
JOYY
JOYY
OGN
OGN
Q4 25
$96.0M
Q3 25
$218.0M
Q2 25
$181.0M
Q1 25
$43.0M
Q4 24
$335.0M
Q3 24
$99.0M
Q2 24
$300.0M
Q1 24
$30.0M
FCF Margin
JOYY
JOYY
OGN
OGN
Q4 25
6.4%
Q3 25
13.6%
Q2 25
11.4%
Q1 25
2.8%
Q4 24
21.0%
Q3 24
6.3%
Q2 24
18.7%
Q1 24
1.8%
Capex Intensity
JOYY
JOYY
OGN
OGN
Q4 25
3.0%
Q3 25
2.9%
Q2 25
2.4%
Q1 25
2.1%
Q4 24
3.5%
Q3 24
2.7%
Q2 24
2.0%
Q1 24
2.8%
Cash Conversion
JOYY
JOYY
OGN
OGN
Q4 25
Q3 25
1.65×
Q2 25
1.52×
Q1 25
0.86×
Q4 24
3.58×
Q3 24
0.39×
Q2 24
1.70×
Q1 24
0.38×

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%

OGN
OGN

Segment breakdown not available.

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