vs
欢聚集团（JOYY）与nVent Electric plc（NVT）财务数据对比。点击上方公司名可切换其他公司
欢聚集团的季度营收约是nVent Electric plc的1.4倍（$1.5B vs $1.1B），nVent Electric plc净利率更高（11.1% vs 10.4%，领先0.8%），过去两年欢聚集团的营收复合增速更高（16.8% vs 10.4%）
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。
nVent Electric plc是一家源自英美的跨国企业，主营电气连接及外壳类产品。公司集产品设计、生产、销售为一体，同时提供配套运维服务，旗下产品可实现电气系统的连接、防护与管理，覆盖商业、工业、住宅、基建、数据中心等多元应用场景。
JOYY vs NVT — 直观对比
营收规模更大
JOYY
是对方的1.4倍
$1.1B
净利率更高
NVT
高出0.8%
10.4%
两年增速更快
JOYY
近两年复合增速
10.4%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.5B | $1.1B |
| 净利润 | $160.1M | $118.8M |
| 毛利率 | 36.1% | 36.5% |
| 营业利润率 | 2.4% | 15.4% |
| 净利率 | 10.4% | 11.1% |
| 营收同比 | — | 127.3% |
| 净利润同比 | — | 1010.3% |
| 每股收益（稀释后） | — | $0.74 |
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JOYYNVT
| Q4 25 | — | $1.1B | ||
| Q3 25 | $1.5B | $1.1B | ||
| Q2 25 | $1.0B | $963.1M | ||
| Q1 25 | $494.4M | $809.3M | ||
| Q4 24 | — | $469.2M | ||
| Q3 24 | $1.7B | $782.0M | ||
| Q2 24 | $1.1B | $880.3M | ||
| Q1 24 | $564.6M | $874.6M |
净利润JOYYNVT
| Q4 25 | — | $118.8M | ||
| Q3 25 | $160.1M | $121.2M | ||
| Q2 25 | $100.9M | $109.5M | ||
| Q1 25 | $42.9M | $360.7M | ||
| Q4 24 | — | $10.7M | ||
| Q3 24 | $143.9M | $105.0M | ||
| Q2 24 | $87.9M | $111.0M | ||
| Q1 24 | $40.2M | $105.1M |
毛利率JOYYNVT
| Q4 25 | — | 36.5% | ||
| Q3 25 | 36.1% | 37.4% | ||
| Q2 25 | 36.3% | 38.6% | ||
| Q1 25 | 36.1% | 38.8% | ||
| Q4 24 | — | 37.1% | ||
| Q3 24 | 35.7% | 39.8% | ||
| Q2 24 | 34.9% | 41.8% | ||
| Q1 24 | 34.6% | 40.6% |
营业利润率JOYYNVT
| Q4 25 | — | 15.4% | ||
| Q3 25 | 2.4% | 15.8% | ||
| Q2 25 | 1.8% | 16.3% | ||
| Q1 25 | 2.5% | 16.1% | ||
| Q4 24 | — | 14.3% | ||
| Q3 24 | 1.3% | 17.0% | ||
| Q2 24 | 0.5% | 19.1% | ||
| Q1 24 | 0.6% | 18.2% |
净利率JOYYNVT
| Q4 25 | — | 11.1% | ||
| Q3 25 | 10.4% | 11.5% | ||
| Q2 25 | 10.1% | 11.4% | ||
| Q1 25 | 8.7% | 44.6% | ||
| Q4 24 | — | 2.3% | ||
| Q3 24 | 8.5% | 13.4% | ||
| Q2 24 | 7.8% | 12.6% | ||
| Q1 24 | 7.1% | 12.0% |
每股收益（稀释后）JOYYNVT
| Q4 25 | — | $0.74 | ||
| Q3 25 | — | $0.74 | ||
| Q2 25 | — | $0.67 | ||
| Q1 25 | — | $2.16 | ||
| Q4 24 | — | $0.07 | ||
| Q3 24 | — | $0.62 | ||
| Q2 24 | — | $0.66 | ||
| Q1 24 | — | $0.62 |
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 | $383.8M | — |
| 总债务越低越好 | — | $1.6B |
| 股东权益账面价值 | $6.6B | $3.7B |
| 总资产 | $7.5B | $6.9B |
| 负债/权益比越低杠杆越低 | — | 0.42× |
8季度趋势，按日历期对齐
现金及短期投资JOYYNVT
| Q4 25 | — | — | ||
| Q3 25 | $383.8M | — | ||
| Q2 25 | $401.0M | — | ||
| Q1 25 | $801.5M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $481.8M | — | ||
| Q2 24 | $607.1M | — | ||
| Q1 24 | $728.2M | — |
总债务JOYYNVT
| Q4 25 | — | $1.6B | ||
| Q3 25 | — | $1.6B | ||
| Q2 25 | — | $1.8B | ||
| Q1 25 | — | $1.8B | ||
| Q4 24 | — | $2.2B | ||
| Q3 24 | — | $2.3B | ||
| Q2 24 | — | $1.8B | ||
| Q1 24 | — | $1.8B |
股东权益JOYYNVT
| Q4 25 | — | $3.7B | ||
| Q3 25 | $6.6B | $3.6B | ||
| Q2 25 | $6.6B | $3.5B | ||
| Q1 25 | $6.6B | $3.6B | ||
| Q4 24 | — | $3.2B | ||
| Q3 24 | $5.3B | $3.3B | ||
| Q2 24 | $5.3B | $3.3B | ||
| Q1 24 | $5.3B | $3.2B |
总资产JOYYNVT
| Q4 25 | — | $6.9B | ||
| Q3 25 | $7.5B | $6.8B | ||
| Q2 25 | $7.5B | $6.7B | ||
| Q1 25 | $7.6B | $6.7B | ||
| Q4 24 | — | $6.7B | ||
| Q3 24 | $8.1B | $6.9B | ||
| Q2 24 | $8.1B | $6.2B | ||
| Q1 24 | $8.6B | $6.2B |
负债/权益比JOYYNVT
| Q4 25 | — | 0.42× | ||
| Q3 25 | — | 0.44× | ||
| Q2 25 | — | 0.50× | ||
| Q1 25 | — | 0.49× | ||
| Q4 24 | — | 0.67× | ||
| Q3 24 | — | 0.69× | ||
| Q2 24 | — | 0.54× | ||
| Q1 24 | — | 0.55× |
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 | — | $202.4M |
| 自由现金流经营现金流 - 资本支出 | — | $165.7M |
| 自由现金流率自由现金流/营收 | — | 15.5% |
| 资本支出强度资本支出/营收 | — | 3.4% |
| 现金转化率经营现金流/净利润 | — | 1.70× |
| 过去12个月自由现金流最近4个季度 | — | $371.9M |
8季度趋势，按日历期对齐
经营现金流JOYYNVT
| Q4 25 | — | $202.4M | ||
| Q3 25 | — | $219.5M | ||
| Q2 25 | — | $-16.9M | ||
| Q1 25 | — | $60.2M | ||
| Q4 24 | — | $224.6M | ||
| Q3 24 | — | $197.7M | ||
| Q2 24 | — | $130.8M | ||
| Q1 24 | — | $90.0M |
自由现金流JOYYNVT
| Q4 25 | — | $165.7M | ||
| Q3 25 | — | $200.9M | ||
| Q2 25 | — | $-33.8M | ||
| Q1 25 | — | $39.1M | ||
| Q4 24 | — | $198.1M | ||
| Q3 24 | — | $184.8M | ||
| Q2 24 | — | $112.3M | ||
| Q1 24 | — | $73.9M |
自由现金流率JOYYNVT
| Q4 25 | — | 15.5% | ||
| Q3 25 | — | 19.1% | ||
| Q2 25 | — | -3.5% | ||
| Q1 25 | — | 4.8% | ||
| Q4 24 | — | 42.2% | ||
| Q3 24 | — | 23.6% | ||
| Q2 24 | — | 12.8% | ||
| Q1 24 | — | 8.4% |
资本支出强度JOYYNVT
| Q4 25 | — | 3.4% | ||
| Q3 25 | — | 1.8% | ||
| Q2 25 | — | 1.8% | ||
| Q1 25 | — | 2.6% | ||
| Q4 24 | — | 5.6% | ||
| Q3 24 | — | 1.6% | ||
| Q2 24 | — | 2.1% | ||
| Q1 24 | — | 1.8% |
现金转化率JOYYNVT
| Q4 25 | — | 1.70× | ||
| Q3 25 | — | 1.81× | ||
| Q2 25 | — | -0.15× | ||
| Q1 25 | — | 0.17× | ||
| Q4 24 | — | 20.99× | ||
| Q3 24 | — | 1.88× | ||
| Q2 24 | — | 1.18× | ||
| Q1 24 | — | 0.86× |
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
JOYY
| Live streaming | $1.1B | 74% |
| Advertising | $297.3M | 19% |
| Others | $109.8M | 7% |
NVT
| Industrial Sector | $554.0M | 52% |
| Electricaland Fastening Solutions Segment | $278.0M | 26% |
| Energy Sector | $235.0M | 22% |
