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英格索兰（IR）与欢聚集团（JOYY）财务数据对比。点击上方公司名可切换其他公司
英格索兰的季度营收约是欢聚集团的1.4倍（$2.1B vs $1.5B），英格索兰净利率更高（12.7% vs 10.4%，领先2.3%），过去两年欢聚集团的营收复合增速更高（16.8% vs 11.9%）
英格索兰是一家美国跨国企业，主营流体生产及工业产品业务。公司于2020年2月由原英格索兰plc的工业业务板块分拆后与加德纳丹佛合并组建，旗下拥有40多个品牌，产品覆盖全球所有主要市场。
欢聚集团是全球化社交媒体科技企业，主营直播、短视频、社交互动类数字娱乐服务，核心产品覆盖东南亚、中东、拉美等多个新兴市场，为全球用户提供丰富的沉浸式互动内容体验。
IR vs JOYY — 直观对比
营收规模更大
IR
是对方的1.4倍
$1.5B
净利率更高
IR
高出2.3%
10.4%
两年增速更快
JOYY
近两年复合增速
11.9%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.1B | $1.5B |
| 净利润 | $266.1M | $160.1M |
| 毛利率 | 42.6% | 36.1% |
| 营业利润率 | 18.7% | 2.4% |
| 净利率 | 12.7% | 10.4% |
| 营收同比 | 10.1% | — |
| 净利润同比 | 15.8% | — |
| 每股收益（稀释后） | $0.67 | — |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收IRJOYY
| Q4 25 | $2.1B | — | ||
| Q3 25 | $2.0B | $1.5B | ||
| Q2 25 | $1.9B | $1.0B | ||
| Q1 25 | $1.7B | $494.4M | ||
| Q4 24 | $1.9B | — | ||
| Q3 24 | $1.9B | $1.7B | ||
| Q2 24 | $1.8B | $1.1B | ||
| Q1 24 | $1.7B | $564.6M |
净利润IRJOYY
| Q4 25 | $266.1M | — | ||
| Q3 25 | $244.1M | $160.1M | ||
| Q2 25 | $-115.3M | $100.9M | ||
| Q1 25 | $186.5M | $42.9M | ||
| Q4 24 | $229.8M | — | ||
| Q3 24 | $221.6M | $143.9M | ||
| Q2 24 | $185.0M | $87.9M | ||
| Q1 24 | $202.2M | $40.2M |
毛利率IRJOYY
| Q4 25 | 42.6% | — | ||
| Q3 25 | 43.7% | 36.1% | ||
| Q2 25 | 43.7% | 36.3% | ||
| Q1 25 | 44.6% | 36.1% | ||
| Q4 24 | 42.9% | — | ||
| Q3 24 | 43.8% | 35.7% | ||
| Q2 24 | 43.9% | 34.9% | ||
| Q1 24 | 44.7% | 34.6% |
营业利润率IRJOYY
| Q4 25 | 18.7% | — | ||
| Q3 25 | 19.2% | 2.4% | ||
| Q2 25 | 4.0% | 1.8% | ||
| Q1 25 | 17.6% | 2.5% | ||
| Q4 24 | 20.0% | — | ||
| Q3 24 | 19.1% | 1.3% | ||
| Q2 24 | 15.1% | 0.5% | ||
| Q1 24 | 17.6% | 0.6% |
净利率IRJOYY
| Q4 25 | 12.7% | — | ||
| Q3 25 | 12.5% | 10.4% | ||
| Q2 25 | -6.1% | 10.1% | ||
| Q1 25 | 10.9% | 8.7% | ||
| Q4 24 | 12.1% | — | ||
| Q3 24 | 11.9% | 8.5% | ||
| Q2 24 | 10.2% | 7.8% | ||
| Q1 24 | 12.1% | 7.1% |
每股收益（稀释后）IRJOYY
| Q4 25 | $0.67 | — | ||
| Q3 25 | $0.61 | — | ||
| Q2 25 | $-0.29 | — | ||
| Q1 25 | $0.46 | — | ||
| Q4 24 | $0.57 | — | ||
| Q3 24 | $0.54 | — | ||
| Q2 24 | $0.45 | — | ||
| Q1 24 | $0.50 | — |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $1.2B | $383.8M |
| 总债务越低越好 | $4.8B | — |
| 股东权益账面价值 | $10.1B | $6.6B |
| 总资产 | $18.3B | $7.5B |
| 负债/权益比越低杠杆越低 | 0.47× | — |
8季度趋势，按日历期对齐
现金及短期投资IRJOYY
| Q4 25 | $1.2B | — | ||
| Q3 25 | $1.2B | $383.8M | ||
| Q2 25 | $1.3B | $401.0M | ||
| Q1 25 | $1.6B | $801.5M | ||
| Q4 24 | $1.5B | — | ||
| Q3 24 | $1.4B | $481.8M | ||
| Q2 24 | $1.1B | $607.1M | ||
| Q1 24 | $1.5B | $728.2M |
总债务IRJOYY
| Q4 25 | $4.8B | — | ||
| Q3 25 | $4.8B | — | ||
| Q2 25 | $4.8B | — | ||
| Q1 25 | $4.8B | — | ||
| Q4 24 | $4.8B | — | ||
| Q3 24 | $4.8B | — | ||
| Q2 24 | $4.8B | — | ||
| Q1 24 | $2.7B | — |
股东权益IRJOYY
| Q4 25 | $10.1B | — | ||
| Q3 25 | $10.1B | $6.6B | ||
| Q2 25 | $10.1B | $6.6B | ||
| Q1 25 | $10.5B | $6.6B | ||
| Q4 24 | $10.2B | — | ||
| Q3 24 | $10.3B | $5.3B | ||
| Q2 24 | $10.0B | $5.3B | ||
| Q1 24 | $9.9B | $5.3B |
总资产IRJOYY
| Q4 25 | $18.3B | — | ||
| Q3 25 | $18.2B | $7.5B | ||
| Q2 25 | $18.1B | $7.5B | ||
| Q1 25 | $18.4B | $7.6B | ||
| Q4 24 | $18.0B | — | ||
| Q3 24 | $18.2B | $8.1B | ||
| Q2 24 | $17.8B | $8.1B | ||
| Q1 24 | $15.5B | $8.6B |
负债/权益比IRJOYY
| Q4 25 | 0.47× | — | ||
| Q3 25 | 0.47× | — | ||
| Q2 25 | 0.47× | — | ||
| Q1 25 | 0.45× | — | ||
| Q4 24 | 0.47× | — | ||
| Q3 24 | 0.47× | — | ||
| Q2 24 | 0.48× | — | ||
| Q1 24 | 0.27× | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $499.0M | — |
| 自由现金流经营现金流 - 资本支出 | $461.5M | — |
| 自由现金流率自由现金流/营收 | 22.1% | — |
| 资本支出强度资本支出/营收 | 1.8% | — |
| 现金转化率经营现金流/净利润 | 1.88× | — |
| 过去12个月自由现金流最近4个季度 | $1.2B | — |
8季度趋势，按日历期对齐
经营现金流IRJOYY
| Q4 25 | $499.0M | — | ||
| Q3 25 | $354.6M | — | ||
| Q2 25 | $245.7M | — | ||
| Q1 25 | $256.4M | — | ||
| Q4 24 | $526.2M | — | ||
| Q3 24 | $404.0M | — | ||
| Q2 24 | $304.9M | — | ||
| Q1 24 | $161.6M | — |
自由现金流IRJOYY
| Q4 25 | $461.5M | — | ||
| Q3 25 | $325.5M | — | ||
| Q2 25 | $210.4M | — | ||
| Q1 25 | $222.7M | — | ||
| Q4 24 | $490.9M | — | ||
| Q3 24 | $374.3M | — | ||
| Q2 24 | $283.1M | — | ||
| Q1 24 | $99.3M | — |
自由现金流率IRJOYY
| Q4 25 | 22.1% | — | ||
| Q3 25 | 16.6% | — | ||
| Q2 25 | 11.1% | — | ||
| Q1 25 | 13.0% | — | ||
| Q4 24 | 25.9% | — | ||
| Q3 24 | 20.1% | — | ||
| Q2 24 | 15.7% | — | ||
| Q1 24 | 5.9% | — |
资本支出强度IRJOYY
| Q4 25 | 1.8% | — | ||
| Q3 25 | 1.5% | — | ||
| Q2 25 | 1.9% | — | ||
| Q1 25 | 2.0% | — | ||
| Q4 24 | 1.9% | — | ||
| Q3 24 | 1.6% | — | ||
| Q2 24 | 1.2% | — | ||
| Q1 24 | 3.7% | — |
现金转化率IRJOYY
| Q4 25 | 1.88× | — | ||
| Q3 25 | 1.45× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 1.37× | — | ||
| Q4 24 | 2.29× | — | ||
| Q3 24 | 1.82× | — | ||
| Q2 24 | 1.65× | — | ||
| Q1 24 | 0.80× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
IR
| Transferred At Point In Time | $1.5B | 71% |
| Transferred Over Time | $193.0M | 9% |
| Precision And Science Technologies Segment | $183.1M | 9% |
| Acquisitions In2024 | $175.6M | 8% |
| Acquisitions In2025 | $70.8M | 3% |
JOYY
| Live streaming | $1.1B | 74% |
| Advertising | $297.3M | 19% |
| Others | $109.8M | 7% |
