Comprehensive Stock Comparison
Compare JOYY Inc. (JOYY) vs Netflix, Inc. (NFLX) Stock
Analyze side-by-side fundamentals, valuation, growth, and profitability to decide which stock is the better buy.
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Quick Verdict
| Category | Winner | Why |
|---|---|---|
| Growth | NFLX | 15.9% revenue growth vs JOYY's -1.3% |
| Value | JOYY | Lower P/E (1.6x vs 26.4x) |
| Quality / Margins | NFLX | 24.3% net margin vs JOYY's -6.5% |
| Stability / Safety | JOYY | Beta 0.51 vs NFLX's 0.78, lower leverage |
| Dividends | Tie | Neither pays a meaningful dividend |
| Momentum (1Y) | JOYY | +35.3% vs NFLX's -16.5% |
| Efficiency (ROA) | NFLX | 19.8% ROA vs JOYY's -1.9%, ROIC 29.8% vs -6.7% |
Who Each Stock Is For
Income & stability
Growth exposure
Long-term compounding (10Y)
Sleep-well-at-night portfolio
Defensive / Recession hedge
Business Model
What each company does and how it makes money
JOYY operates a portfolio of social media platforms centered around live streaming, short-form video, and casual gaming. It generates revenue primarily through virtual gifting on its Bigo Live platform—where viewers purchase digital gifts for creators—alongside advertising and in-app purchases across its other apps. The company's competitive advantage lies in its deep penetration of emerging markets—particularly Southeast Asia and the Middle East—where it has established strong local network effects.
Netflix is a global streaming entertainment service that offers original and licensed TV shows, movies, and documentaries. It generates revenue primarily through subscription fees — with three pricing tiers — and earns additional income from licensing its original content to other platforms. Its key advantage is its massive scale and data-driven content creation, which allows it to invest billions in programming that attracts and retains subscribers worldwide.
Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
Financial Metrics Comparison
Side-by-side fundamentals across 2 stocks. BestLagging
Financial Scorecard
NFLX leads in 3 of 6 categories (Financial Metrics, Profitability & Efficiency). JOYY leads in 2 (Valuation Metrics, Risk & Volatility).
Financial Metrics (TTM)
NFLX is the larger business by revenue, generating $45.2B annually — 20.2x JOYY's $2.2B. NFLX is the more profitable business, keeping 24.3% of every revenue dollar as net income compared to JOYY's -6.5%. On growth, NFLX holds the edge at +17.6% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | JOYYJOYY Inc. | NFLXNetflix, Inc. |
|---|---|---|
| RevenueTrailing 12 months | $2.2B | $45.2B |
| EBITDAEarnings before interest/tax | -$317M | $30.1B |
| Net IncomeAfter-tax profit | -$146M | $11.0B |
| Free Cash FlowCash after capex | $0 | $9.5B |
| Gross MarginGross profit ÷ Revenue | +36.0% | +48.5% |
| Operating MarginEBIT ÷ Revenue | -18.1% | +29.5% |
| Net MarginNet income ÷ Revenue | -6.5% | +24.3% |
| FCF MarginFCF ÷ Revenue | +10.0% | +20.9% |
| Rev. Growth (YoY)Latest quarter vs prior year | -3.6% | +17.6% |
| EPS Growth (YoY)Latest quarter vs prior year | -9.2% | +31.1% |
Valuation Metrics
| Metric | JOYYJOYY Inc. | NFLXNetflix, Inc. |
|---|---|---|
| Market CapShares × price | $20.4B | $350.4B |
| Enterprise ValueMkt cap + debt − cash | $20.0B | $355.9B |
| Trailing P/EPrice ÷ TTM EPS | -24.04x | 32.69x |
| Forward P/EPrice ÷ next-FY EPS est. | 1.61x | 26.43x |
| PEG RatioP/E ÷ EPS growth rate | — | 0.99x |
| EV / EBITDAEnterprise value multiple | — | 11.83x |
| Price / SalesMarket cap ÷ Revenue | 9.12x | 7.76x |
| Price / BookPrice ÷ Book value/share | 0.76x | 13.41x |
| Price / FCFMarket cap ÷ FCF | 91.04x | 37.04x |
Profitability & Efficiency
NFLX delivers a 41.3% return on equity — every $100 of shareholder capital generates $41 in annual profit, vs $-3 for JOYY. JOYY carries lower financial leverage with a 0.01x debt-to-equity ratio, signaling a more conservative balance sheet compared to NFLX's 0.54x. On the Piotroski fundamental quality scale (0–9), NFLX scores 7/9 vs JOYY's 6/9, reflecting strong financial health.
| Metric | JOYYJOYY Inc. | NFLXNetflix, Inc. |
|---|---|---|
| ROE (TTM)Return on equity | -3.1% | +41.3% |
| ROA (TTM)Return on assets | -1.9% | +19.8% |
| ROICReturn on invested capital | -6.7% | +29.8% |
| ROCEReturn on capital employed | -7.9% | +30.5% |
| Piotroski ScoreFundamental quality 0–9 | 6 | 7 |
| Debt / EquityFinancial leverage | 0.01x | 0.54x |
| Net DebtTotal debt minus cash | -$414M | $5.4B |
| Cash & Equiv.Liquid assets | $445M | $9.0B |
| Total DebtShort + long-term debt | $31M | $14.5B |
| Interest CoverageEBIT ÷ Interest expense | 30.37x | 17.33x |
Total Returns (with DRIP)
A $10,000 investment in NFLX five years ago would be worth $15,346 today (with dividends reinvested), compared to $6,069 for JOYY. Over the past 12 months, JOYY leads with a +35.3% total return vs NFLX's -16.5%. The 3-year compound annual growth rate (CAGR) favors NFLX at 36.8% vs JOYY's 28.9% — a key indicator of consistent wealth creation.
| Metric | JOYYJOYY Inc. | NFLXNetflix, Inc. |
|---|---|---|
| YTD ReturnYear-to-date | -2.0% | -9.1% |
| 1-Year ReturnPast 12 months | +35.3% | -16.5% |
| 3-Year ReturnCumulative with dividends | +114.3% | +156.0% |
| 5-Year ReturnCumulative with dividends | -39.3% | +53.5% |
| 10-Year ReturnCumulative with dividends | +39.0% | +772.4% |
| CAGR (3Y)Annualised 3-year return | +28.9% | +36.8% |
Risk & Volatility
JOYY is the less volatile stock with a 0.51 beta — it tends to amplify market swings less than NFLX's 0.78 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. JOYY currently trades 88.1% from its 52-week high vs NFLX's 61.7% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | JOYYJOYY Inc. | NFLXNetflix, Inc. |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.51x | 0.78x |
| 52-Week HighHighest price in past year | $70.96 | $134.12 |
| 52-Week LowLowest price in past year | $37.53 | $75.01 |
| % of 52W HighCurrent price vs 52-week peak | +88.1% | +61.7% |
| RSI (14)Momentum oscillator 0–100 | 41.1 | 40.6 |
| Avg Volume (50D)Average daily shares traded | 339K | 41.3M |
Analyst Outlook
Wall Street rates JOYY as "Buy" and NFLX as "Buy". Consensus price targets imply 41.8% upside for NFLX (target: $117) vs 5.6% for JOYY (target: $66).
| Metric | JOYYJOYY Inc. | NFLXNetflix, Inc. |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | $66.00 | $117.25 |
| # AnalystsCovering analysts | 5 | 97 |
| Dividend YieldAnnual dividend ÷ price | — | — |
| Dividend StreakConsecutive years of raises | 0 | — |
| Dividend / ShareAnnual DPS | — | — |
| Buyback YieldShare repurchases ÷ mkt cap | +1.3% | +2.6% |
Historical Charts
Charts are rendered on first load. Hover for details.
Chart 1Total Return — 5 Years (Rebased to 100)
| Stock | Feb 20 | Feb 26 | Change |
|---|---|---|---|
| JOYY Inc. (JOYY) | 100 | 113.75 | +13.7% |
| Netflix, Inc. (NFLX) | 100 | 218.25 | +118.2% |
Netflix, Inc. (NFLX) returned +53% over 5 years vs JOYY Inc. (JOYY)'s -39%. A $10,000 investment in NFLX 5 years ago would be worth $15,346 today (including dividends reinvested).
Chart 2Revenue Growth — 10 Years
| Stock | 2016 | 2025 | Change |
|---|---|---|---|
| JOYY Inc. (JOYY) | $1.2B | $2.2B | +89.4% |
| Netflix, Inc. (NFLX) | $8.8B | $45.2B | +411.7% |
Netflix, Inc.'s revenue grew from $8.8B (2016) to $45.2B (2025) — a 19.9% CAGR.
Chart 3Net Margin Trend — 10 Years
| Stock | 2016 | 2025 | Change |
|---|---|---|---|
| JOYY Inc. (JOYY) | 18.6% | -6.5% | -135.2% |
| Netflix, Inc. (NFLX) | 2.1% | 24.3% | +1049.7% |
Netflix, Inc.'s net margin went from 2% (2016) to 24% (2025).
Chart 4P/E Ratio History — 9 Years
| Stock | 2017 | 2025 | Change |
|---|---|---|---|
| JOYY Inc. (JOYY) | 17.7 | 8.3 | -53.1% |
| Netflix, Inc. (NFLX) | 153.6 | 37.1 | -75.8% |
JOYY Inc. has traded in a 5x–20x P/E range over 6 years; current trailing P/E is ~-24x. Netflix, Inc. has traded in a 30x–154x P/E range over 9 years; current trailing P/E is ~33x.
Chart 5EPS Growth — 10 Years
| Stock | 2016 | 2025 | Change |
|---|---|---|---|
| JOYY Inc. (JOYY) | 3.8 | -2.6 | -168.4% |
| Netflix, Inc. (NFLX) | 0.04 | 2.53 | +5783.7% |
Netflix, Inc.'s EPS grew from $0.04 (2016) to $2.53 (2025) — a 57% CAGR.
Chart 6Free Cash Flow — 5 Years
JOYY Inc. generated $224M FCF in 2024 (+778% vs 2021). Netflix, Inc. generated $9B FCF in 2025 (+7269% vs 2021).
JOYY vs NFLX: Frequently Asked Questions
9 questions · data-driven answers · updated daily
01Is JOYY or NFLX a better buy right now?
Netflix, Inc. (NFLX) offers the better valuation at 32.7x trailing P/E (26.4x forward), making it the more compelling value choice. Analysts rate JOYY Inc. (JOYY) a "Buy" — based on 5 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — JOYY or NFLX?
On forward P/E, JOYY Inc. is actually cheaper at 1.6x — notably different from the trailing picture, reflecting expected earnings growth.
03Which is the better long-term investment — JOYY or NFLX?
Over the past 5 years, Netflix, Inc. (NFLX) delivered a total return of +53.5%, compared to -39.3% for JOYY Inc. (JOYY). A $10,000 investment in NFLX five years ago would be worth approximately $15K today (assuming dividends reinvested). Over 10 years, the gap is even starker: NFLX returned +772.4% versus JOYY's +39.0%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — JOYY or NFLX?
By beta (market sensitivity over 5 years), JOYY Inc. (JOYY) is the lower-risk stock at 0.51β versus Netflix, Inc.'s 0.78β — meaning NFLX is approximately 53% more volatile than JOYY relative to the S&P 500. On balance sheet safety, JOYY Inc. (JOYY) carries a lower debt/equity ratio of 1% versus 54% for Netflix, Inc. — giving it more financial flexibility in a downturn.
05Which has better profit margins — JOYY or NFLX?
Netflix, Inc. (NFLX) is the more profitable company, earning 24.3% net margin versus -6.5% for JOYY Inc. — meaning it keeps 24.3% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: NFLX leads at 29.5% versus -18.1% for JOYY. At the gross margin level — before operating expenses — NFLX leads at 48.5%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
06Is JOYY or NFLX more undervalued right now?
On forward earnings alone, JOYY Inc. (JOYY) trades at 1.6x forward P/E versus 26.4x for Netflix, Inc. — 24.8x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for NFLX: 41.8% to $117.25.
07Which pays a better dividend — JOYY or NFLX?
None of the stocks in this comparison currently pay a material dividend. All are effectively zero-yield and should be held for capital appreciation rather than income.
08Is JOYY or NFLX better for a retirement portfolio?
For long-horizon retirement investors, Netflix, Inc. (NFLX) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.78), +772.4% 10Y return). Both have compounded well over 10 years (NFLX: +772.4%, JOYY: +39.0%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
09What are the main differences between JOYY and NFLX?
Both stocks operate in the Communication Services sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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