vs
欢聚集团（JOYY）与越洋钻探（RIG）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越洋钻探的1.5倍（$1.5B vs $1.0B），欢聚集团净利率更高（10.4% vs 2.4%，领先8.0%），过去两年越洋钻探的营收复合增速更高（16.9% vs 16.8%）
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。
越洋钻探（Transocean Ltd.）是按营收计全球规模最大的海上钻探承包商，总部位于瑞士施泰因豪森，起源于美国，目前在加拿大、美国、挪威、英国、印度、巴西、新加坡等20个国家设有办事机构，业务覆盖全球主要海上油气开采区域。
JOYY vs RIG — 直观对比
营收规模更大
JOYY
是对方的1.5倍
$1.0B
净利率更高
JOYY
高出8.0%
2.4%
两年增速更快
RIG
近两年复合增速
16.8%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.5B | $1.0B |
| 净利润 | $160.1M | $25.0M |
| 毛利率 | 36.1% | 42.0% |
| 营业利润率 | 2.4% | 23.0% |
| 净利率 | 10.4% | 2.4% |
| 营收同比 | — | 9.6% |
| 净利润同比 | — | 257.1% |
| 每股收益（稀释后） | — | $0.13 |
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JOYYRIG
| Q4 25 | — | $1.0B | ||
| Q3 25 | $1.5B | $1.0B | ||
| Q2 25 | $1.0B | $988.0M | ||
| Q1 25 | $494.4M | $906.0M | ||
| Q4 24 | — | $952.0M | ||
| Q3 24 | $1.7B | $948.0M | ||
| Q2 24 | $1.1B | $861.0M | ||
| Q1 24 | $564.6M | $763.0M |
净利润JOYYRIG
| Q4 25 | — | $25.0M | ||
| Q3 25 | $160.1M | $-1.9B | ||
| Q2 25 | $100.9M | $-938.0M | ||
| Q1 25 | $42.9M | $-79.0M | ||
| Q4 24 | — | $7.0M | ||
| Q3 24 | $143.9M | $-494.0M | ||
| Q2 24 | $87.9M | $-123.0M | ||
| Q1 24 | $40.2M | $98.0M |
毛利率JOYYRIG
| Q4 25 | — | 42.0% | ||
| Q3 25 | 36.1% | 43.2% | ||
| Q2 25 | 36.3% | 39.4% | ||
| Q1 25 | 36.1% | 31.8% | ||
| Q4 24 | — | 39.2% | ||
| Q3 24 | 35.7% | 40.6% | ||
| Q2 24 | 34.9% | 38.0% | ||
| Q1 24 | 34.6% | 31.5% |
营业利润率JOYYRIG
| Q4 25 | — | 23.0% | ||
| Q3 25 | 2.4% | -163.1% | ||
| Q2 25 | 1.8% | -97.6% | ||
| Q1 25 | 2.5% | 7.1% | ||
| Q4 24 | — | 13.7% | ||
| Q3 24 | 1.3% | -51.2% | ||
| Q2 24 | 0.5% | -6.9% | ||
| Q1 24 | 0.6% | -0.4% |
净利率JOYYRIG
| Q4 25 | — | 2.4% | ||
| Q3 25 | 10.4% | -187.1% | ||
| Q2 25 | 10.1% | -94.9% | ||
| Q1 25 | 8.7% | -8.7% | ||
| Q4 24 | — | 0.7% | ||
| Q3 24 | 8.5% | -52.1% | ||
| Q2 24 | 7.8% | -14.3% | ||
| Q1 24 | 7.1% | 12.8% |
每股收益（稀释后）JOYYRIG
| Q4 25 | — | $0.13 | ||
| Q3 25 | — | $-2.00 | ||
| Q2 25 | — | $-1.06 | ||
| Q1 25 | — | $-0.11 | ||
| Q4 24 | — | $-0.14 | ||
| Q3 24 | — | $-0.58 | ||
| Q2 24 | — | $-0.15 | ||
| Q1 24 | — | $0.11 |
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 | $620.0M |
| 总债务越低越好 | — | $5.2B |
| 股东权益账面价值 | $6.6B | $8.1B |
| 总资产 | $7.5B | $15.6B |
| 负债/权益比越低杠杆越低 | — | 0.64× |
8季度趋势，按日历期对齐
现金及短期投资JOYYRIG
| Q4 25 | — | $620.0M | ||
| Q3 25 | $383.8M | $833.0M | ||
| Q2 25 | $401.0M | $377.0M | ||
| Q1 25 | $801.5M | $263.0M | ||
| Q4 24 | — | $560.0M | ||
| Q3 24 | $481.8M | $435.0M | ||
| Q2 24 | $607.1M | $475.0M | ||
| Q1 24 | $728.2M | $446.0M |
总债务JOYYRIG
| Q4 25 | — | $5.2B | ||
| Q3 25 | — | $4.8B | ||
| Q2 25 | — | $5.9B | ||
| Q1 25 | — | $5.9B | ||
| Q4 24 | — | $6.2B | ||
| Q3 24 | — | $6.5B | ||
| Q2 24 | — | $6.8B | ||
| Q1 24 | — | $6.8B |
股东权益JOYYRIG
| Q4 25 | — | $8.1B | ||
| Q3 25 | $6.6B | $8.1B | ||
| Q2 25 | $6.6B | $9.4B | ||
| Q1 25 | $6.6B | $10.2B | ||
| Q4 24 | — | $10.3B | ||
| Q3 24 | $5.3B | $10.2B | ||
| Q2 24 | $5.3B | $10.7B | ||
| Q1 24 | $5.3B | $10.5B |
总资产JOYYRIG
| Q4 25 | — | $15.6B | ||
| Q3 25 | $7.5B | $16.2B | ||
| Q2 25 | $7.5B | $17.8B | ||
| Q1 25 | $7.6B | $19.0B | ||
| Q4 24 | — | $19.4B | ||
| Q3 24 | $8.1B | $19.5B | ||
| Q2 24 | $8.1B | $20.3B | ||
| Q1 24 | $8.6B | $19.9B |
负债/权益比JOYYRIG
| Q4 25 | — | 0.64× | ||
| Q3 25 | — | 0.60× | ||
| Q2 25 | — | 0.63× | ||
| Q1 25 | — | 0.58× | ||
| Q4 24 | — | 0.60× | ||
| Q3 24 | — | 0.64× | ||
| Q2 24 | — | 0.63× | ||
| Q1 24 | — | 0.65× |
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 | — | $349.0M |
| 自由现金流经营现金流 - 资本支出 | — | $321.0M |
| 自由现金流率自由现金流/营收 | — | 30.8% |
| 资本支出强度资本支出/营收 | — | 2.7% |
| 现金转化率经营现金流/净利润 | — | 13.96× |
| 过去12个月自由现金流最近4个季度 | — | $626.0M |
8季度趋势，按日历期对齐
经营现金流JOYYRIG
| Q4 25 | — | $349.0M | ||
| Q3 25 | — | $246.0M | ||
| Q2 25 | — | $128.0M | ||
| Q1 25 | — | $26.0M | ||
| Q4 24 | — | $206.0M | ||
| Q3 24 | — | $194.0M | ||
| Q2 24 | — | $133.0M | ||
| Q1 24 | — | $-86.0M |
自由现金流JOYYRIG
| Q4 25 | — | $321.0M | ||
| Q3 25 | — | $235.0M | ||
| Q2 25 | — | $104.0M | ||
| Q1 25 | — | $-34.0M | ||
| Q4 24 | — | $177.0M | ||
| Q3 24 | — | $136.0M | ||
| Q2 24 | — | $49.0M | ||
| Q1 24 | — | $-169.0M |
自由现金流率JOYYRIG
| Q4 25 | — | 30.8% | ||
| Q3 25 | — | 22.9% | ||
| Q2 25 | — | 10.5% | ||
| Q1 25 | — | -3.8% | ||
| Q4 24 | — | 18.6% | ||
| Q3 24 | — | 14.3% | ||
| Q2 24 | — | 5.7% | ||
| Q1 24 | — | -22.1% |
资本支出强度JOYYRIG
| Q4 25 | — | 2.7% | ||
| Q3 25 | — | 1.1% | ||
| Q2 25 | — | 2.4% | ||
| Q1 25 | — | 6.6% | ||
| Q4 24 | — | 3.0% | ||
| Q3 24 | — | 6.1% | ||
| Q2 24 | — | 9.8% | ||
| Q1 24 | — | 10.9% |
现金转化率JOYYRIG
| Q4 25 | — | 13.96× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 29.43× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | -0.88× |
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% |
RIG
| Ultra Deepwater Floaters | $433.0M | 42% |
| BR | $236.0M | 23% |
| Other Geographical | $211.0M | 20% |
| Harsh Environment Floaters | $163.0M | 16% |
