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Side-by-side financial comparison of JOYY Inc. (JOYY) and Construction Partners, Inc. (ROAD). Click either name above to swap in a different company.

JOYY Inc. is the larger business by last-quarter revenue ($1.5B vs $809.5M, roughly 1.9× Construction Partners, Inc.). JOYY Inc. runs the higher net margin — 10.4% vs 2.1%, a 8.3% gap on every dollar of revenue. Over the past eight quarters, Construction Partners, Inc.'s revenue compounded faster (47.6% CAGR vs 16.8%).

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.

Alexander Construction Company was a Palm Springs, California, residential development company that built over 2,200 houses in the Coachella Valley of Riverside County, California, between 1955 and 1965.

JOYY vs ROAD — Head-to-Head

Bigger by revenue
JOYY
JOYY
1.9× larger
JOYY
$1.5B
$809.5M
ROAD
Higher net margin
JOYY
JOYY
8.3% more per $
JOYY
10.4%
2.1%
ROAD
Faster 2-yr revenue CAGR
ROAD
ROAD
Annualised
ROAD
47.6%
16.8%
JOYY

Income Statement — Q3 FY2025 vs Q1 FY2026

Metric
JOYY
JOYY
ROAD
ROAD
Revenue
$1.5B
$809.5M
Net Profit
$160.1M
$17.2M
Gross Margin
36.1%
15.0%
Operating Margin
2.4%
6.2%
Net Margin
10.4%
2.1%
Revenue YoY
44.1%
Net Profit YoY
663.9%
EPS (diluted)
$0.31

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
ROAD
ROAD
Q4 25
$809.5M
Q3 25
$1.5B
$899.8M
Q2 25
$1.0B
$779.3M
Q1 25
$494.4M
$571.6M
Q4 24
$561.6M
Q3 24
$1.7B
$538.2M
Q2 24
$1.1B
$517.8M
Q1 24
$564.6M
$371.4M
Net Profit
JOYY
JOYY
ROAD
ROAD
Q4 25
$17.2M
Q3 25
$160.1M
$56.6M
Q2 25
$100.9M
$44.0M
Q1 25
$42.9M
$4.2M
Q4 24
$-3.1M
Q3 24
$143.9M
$29.3M
Q2 24
$87.9M
$30.9M
Q1 24
$40.2M
$-1.1M
Gross Margin
JOYY
JOYY
ROAD
ROAD
Q4 25
15.0%
Q3 25
36.1%
17.7%
Q2 25
36.3%
16.9%
Q1 25
36.1%
12.5%
Q4 24
13.6%
Q3 24
35.7%
15.6%
Q2 24
34.9%
16.1%
Q1 24
34.6%
10.4%
Operating Margin
JOYY
JOYY
ROAD
ROAD
Q4 25
6.2%
Q3 25
2.4%
11.2%
Q2 25
1.8%
10.6%
Q1 25
2.5%
4.8%
Q4 24
2.5%
Q3 24
1.3%
8.5%
Q2 24
0.5%
8.8%
Q1 24
0.6%
0.8%
Net Margin
JOYY
JOYY
ROAD
ROAD
Q4 25
2.1%
Q3 25
10.4%
6.3%
Q2 25
10.1%
5.7%
Q1 25
8.7%
0.7%
Q4 24
-0.5%
Q3 24
8.5%
5.4%
Q2 24
7.8%
6.0%
Q1 24
7.1%
-0.3%
EPS (diluted)
JOYY
JOYY
ROAD
ROAD
Q4 25
$0.31
Q3 25
$1.03
Q2 25
$0.79
Q1 25
$0.08
Q4 24
$-0.06
Q3 24
$0.55
Q2 24
$0.59
Q1 24
$-0.02

Balance Sheet & Financial Strength

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

Metric
JOYY
JOYY
ROAD
ROAD
Cash + ST InvestmentsLiquidity on hand
$383.8M
$104.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$6.6B
$969.1M
Total Assets
$7.5B
$3.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
JOYY
JOYY
ROAD
ROAD
Q4 25
$104.1M
Q3 25
$383.8M
$156.1M
Q2 25
$401.0M
$114.3M
Q1 25
$801.5M
$101.9M
Q4 24
$132.5M
Q3 24
$481.8M
$74.7M
Q2 24
$607.1M
$56.3M
Q1 24
$728.2M
$48.0M
Total Debt
JOYY
JOYY
ROAD
ROAD
Q4 25
Q3 25
$1.6B
Q2 25
Q1 25
Q4 24
Q3 24
$515.0M
Q2 24
Q1 24
Stockholders' Equity
JOYY
JOYY
ROAD
ROAD
Q4 25
$969.1M
Q3 25
$6.6B
$912.0M
Q2 25
$6.6B
$853.3M
Q1 25
$6.6B
$807.9M
Q4 24
$811.1M
Q3 24
$5.3B
$573.7M
Q2 24
$5.3B
$552.9M
Q1 24
$5.3B
$525.0M
Total Assets
JOYY
JOYY
ROAD
ROAD
Q4 25
$3.4B
Q3 25
$7.5B
$3.2B
Q2 25
$7.5B
$2.9B
Q1 25
$7.6B
$2.8B
Q4 24
$2.6B
Q3 24
$8.1B
$1.5B
Q2 24
$8.1B
$1.4B
Q1 24
$8.6B
$1.3B
Debt / Equity
JOYY
JOYY
ROAD
ROAD
Q4 25
Q3 25
1.78×
Q2 25
Q1 25
Q4 24
Q3 24
0.90×
Q2 24
Q1 24

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
ROAD
ROAD
Operating Cash FlowLast quarter
$82.6M
Free Cash FlowOCF − Capex
$47.1M
FCF MarginFCF / Revenue
5.8%
Capex IntensityCapex / Revenue
4.4%
Cash ConversionOCF / Net Profit
4.80×
TTM Free Cash FlowTrailing 4 quarters
$186.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
JOYY
JOYY
ROAD
ROAD
Q4 25
$82.6M
Q3 25
$112.0M
Q2 25
$83.0M
Q1 25
$55.6M
Q4 24
$40.7M
Q3 24
$95.9M
Q2 24
$34.6M
Q1 24
$18.2M
Free Cash Flow
JOYY
JOYY
ROAD
ROAD
Q4 25
$47.1M
Q3 25
$78.9M
Q2 25
$46.4M
Q1 25
$14.2M
Q4 24
$13.8M
Q3 24
$78.4M
Q2 24
$19.7M
Q1 24
$-10.6M
FCF Margin
JOYY
JOYY
ROAD
ROAD
Q4 25
5.8%
Q3 25
8.8%
Q2 25
5.9%
Q1 25
2.5%
Q4 24
2.5%
Q3 24
14.6%
Q2 24
3.8%
Q1 24
-2.8%
Capex Intensity
JOYY
JOYY
ROAD
ROAD
Q4 25
4.4%
Q3 25
3.7%
Q2 25
4.7%
Q1 25
7.2%
Q4 24
4.8%
Q3 24
3.3%
Q2 24
2.9%
Q1 24
7.7%
Cash Conversion
JOYY
JOYY
ROAD
ROAD
Q4 25
4.80×
Q3 25
1.98×
Q2 25
1.88×
Q1 25
13.20×
Q4 24
Q3 24
3.27×
Q2 24
1.12×
Q1 24

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%

ROAD
ROAD

Segment breakdown not available.

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