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

JOYY Inc. is the larger business by last-quarter revenue ($1.5B vs $840.3M, roughly 1.8× TreeHouse Foods, Inc.). JOYY Inc. runs the higher net margin — 10.4% vs -31.6%, a 42.0% gap on every dollar of revenue. Over the past eight quarters, JOYY Inc.'s revenue compounded faster (16.8% CAGR vs -3.9%).

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.

TreeHouse Foods Inc. is a multinational food processing company specializing in producing private label packaged foods headquartered in Oak Brook, Illinois. Created in 2005 and consisting entirely of acquisitions, in 2010 the company had sales of $2 billion and employed over 4,000 people at 20 facilities. Food Processing magazine named TreeHouse Foods their 2010 Processor of the Year, calling them "the biggest company you never heard of". In 2015, the company was the 37th-largest food and bev...

JOYY vs THS — Head-to-Head

Bigger by revenue
JOYY
JOYY
1.8× larger
JOYY
$1.5B
$840.3M
THS
Higher net margin
JOYY
JOYY
42.0% more per $
JOYY
10.4%
-31.6%
THS
Faster 2-yr revenue CAGR
JOYY
JOYY
Annualised
JOYY
16.8%
-3.9%
THS

Income Statement — Q3 FY2025 vs Q3 FY2025

Metric
JOYY
JOYY
THS
THS
Revenue
$1.5B
$840.3M
Net Profit
$160.1M
$-265.8M
Gross Margin
36.1%
18.8%
Operating Margin
2.4%
-30.2%
Net Margin
10.4%
-31.6%
Revenue YoY
0.1%
Net Profit YoY
-7717.6%
EPS (diluted)
$-5.26

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
THS
THS
Q3 25
$1.5B
$840.3M
Q2 25
$1.0B
$798.0M
Q1 25
$494.4M
$792.0M
Q4 24
$905.7M
Q3 24
$1.7B
$839.1M
Q2 24
$1.1B
$788.5M
Q1 24
$564.6M
$820.7M
Q4 23
$910.8M
Net Profit
JOYY
JOYY
THS
THS
Q3 25
$160.1M
$-265.8M
Q2 25
$100.9M
$-2.9M
Q1 25
$42.9M
$-31.8M
Q4 24
$58.7M
Q3 24
$143.9M
$-3.4M
Q2 24
$87.9M
$-16.7M
Q1 24
$40.2M
$-11.7M
Q4 23
$7.5M
Gross Margin
JOYY
JOYY
THS
THS
Q3 25
36.1%
18.8%
Q2 25
36.3%
17.4%
Q1 25
36.1%
14.5%
Q4 24
19.5%
Q3 24
35.7%
15.6%
Q2 24
34.9%
16.3%
Q1 24
34.6%
13.6%
Q4 23
16.7%
Operating Margin
JOYY
JOYY
THS
THS
Q3 25
2.4%
-30.2%
Q2 25
1.8%
3.4%
Q1 25
2.5%
-0.7%
Q4 24
8.9%
Q3 24
1.3%
3.8%
Q2 24
0.5%
-0.5%
Q1 24
0.6%
-0.6%
Q4 23
4.6%
Net Margin
JOYY
JOYY
THS
THS
Q3 25
10.4%
-31.6%
Q2 25
10.1%
-0.4%
Q1 25
8.7%
-4.0%
Q4 24
6.5%
Q3 24
8.5%
-0.4%
Q2 24
7.8%
-2.1%
Q1 24
7.1%
-1.4%
Q4 23
0.8%
EPS (diluted)
JOYY
JOYY
THS
THS
Q3 25
$-5.26
Q2 25
$-0.06
Q1 25
$-0.63
Q4 24
$1.12
Q3 24
$-0.07
Q2 24
$-0.32
Q1 24
$-0.22
Q4 23
$0.13

Balance Sheet & Financial Strength

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

Metric
JOYY
JOYY
THS
THS
Cash + ST InvestmentsLiquidity on hand
$383.8M
$21.0M
Total DebtLower is stronger
$1.5B
Stockholders' EquityBook value
$6.6B
$1.3B
Total Assets
$7.5B
$3.8B
Debt / EquityLower = less leverage
1.18×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
JOYY
JOYY
THS
THS
Q3 25
$383.8M
$21.0M
Q2 25
$401.0M
$17.1M
Q1 25
$801.5M
$16.4M
Q4 24
$289.6M
Q3 24
$481.8M
$102.0M
Q2 24
$607.1M
$105.8M
Q1 24
$728.2M
$191.8M
Q4 23
$320.3M
Total Debt
JOYY
JOYY
THS
THS
Q3 25
$1.5B
Q2 25
$1.5B
Q1 25
$1.4B
Q4 24
$1.4B
Q3 24
$1.4B
Q2 24
$1.4B
Q1 24
$1.4B
Q4 23
$1.4B
Stockholders' Equity
JOYY
JOYY
THS
THS
Q3 25
$6.6B
$1.3B
Q2 25
$6.6B
$1.5B
Q1 25
$6.6B
$1.5B
Q4 24
$1.5B
Q3 24
$5.3B
$1.6B
Q2 24
$5.3B
$1.6B
Q1 24
$5.3B
$1.6B
Q4 23
$1.7B
Total Assets
JOYY
JOYY
THS
THS
Q3 25
$7.5B
$3.8B
Q2 25
$7.5B
$4.0B
Q1 25
$7.6B
$3.9B
Q4 24
$4.0B
Q3 24
$8.1B
$4.0B
Q2 24
$8.1B
$3.9B
Q1 24
$8.6B
$4.0B
Q4 23
$4.1B
Debt / Equity
JOYY
JOYY
THS
THS
Q3 25
1.18×
Q2 25
0.98×
Q1 25
0.93×
Q4 24
0.90×
Q3 24
0.90×
Q2 24
0.90×
Q1 24
0.87×
Q4 23
0.84×

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
THS
THS
Operating Cash FlowLast quarter
$38.2M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
JOYY
JOYY
THS
THS
Q3 25
$38.2M
Q2 25
$-47.2M
Q1 25
$-53.5M
Q4 24
$296.2M
Q3 24
$41.4M
Q2 24
$-19.4M
Q1 24
$-52.4M
Q4 23
$147.0M
Free Cash Flow
JOYY
JOYY
THS
THS
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
$-42.2M
Q1 24
$-80.7M
Q4 23
$84.3M
FCF Margin
JOYY
JOYY
THS
THS
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
-5.4%
Q1 24
-9.8%
Q4 23
9.3%
Capex Intensity
JOYY
JOYY
THS
THS
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
2.9%
Q1 24
3.4%
Q4 23
6.9%
Cash Conversion
JOYY
JOYY
THS
THS
Q3 25
Q2 25
Q1 25
Q4 24
5.05×
Q3 24
Q2 24
Q1 24
Q4 23
19.60×

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%

THS
THS

Retail Grocery Customers$670.6M80%
Food Away From Home And Other$85.3M10%
Co Manufacturing$84.4M10%

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