ZH
Zhihu Inc.
Internet Content & Information
Market Cap$310M
5Y Perf.-93.0%
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Stock Comparison
ZH vs MOMO vs JOYY vs DOYU vs HUYA
Revenue, margins, valuation, and 5-year total return — side by side.
MOMO
Hello Group Inc.
Internet Content & Information
Market Cap$2.16B
5Y Perf.-57.0%
JOYY
JOYY, Inc. Sponsored ADR Class A
Internet Content & Information
Market Cap$3.17B
5Y Perf.-37.1%
DOYU
DouYu International Holdings Limited
Internet Content & Information
Market Cap$142M
5Y Perf.-95.5%
HUYA
HUYA Inc.
Entertainment
Market Cap$481M
5Y Perf.-83.6%
ZH vs MOMO vs JOYY vs DOYU vs HUYA — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ZH | MOMO | JOYY | DOYU | HUYA |
|---|---|---|---|---|---|
| Industry | Internet Content & Information | Internet Content & Information | Internet Content & Information | Internet Content & Information | Entertainment |
| Market Cap | $310M | $2.16B | $3.17B | $142M | $481M |
| Revenue (TTM) | $2.97B | $10.29B | $2.24B | $4.20B | $6.11B |
| Net Income (TTM) | $103M | $800M | $-146M | $-202M | $-153M |
| Gross Margin | 62.2% | 37.7% | 36.0% | 9.2% | 12.7% |
| Operating Margin | -7.8% | 12.7% | -18.1% | -7.1% | -3.4% |
| Forward P/E | — | 1.1x | 1.6x | 4.3x | 4.0x |
| Total Debt | $19M | $129M | $31M | $16M | $49M |
| Cash & Equiv. | $4.00B | $5.44B | $445M | $1.02B | $1.19B |
ZH vs MOMO vs JOYY vs DOYU vs HUYA — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
ZH
MOMO
JOYY
DOYU
HUYA
| Stock | Mar 21 | May 26 | Return |
|---|---|---|---|
| Zhihu Inc. (ZH) | 100 | 7.0 | -93.0% |
| Hello Group Inc. (MOMO) | 100 | 43.0 | -57.0% |
| JOYY, Inc. Sponsore… (JOYY) | 100 | 62.9 | -37.1% |
| DouYu International… (DOYU) | 100 | 4.5 | -95.5% |
| HUYA Inc. (HUYA) | 100 | 16.4 | -83.6% |
Price return only. Dividends and distributions are not included.
Quick Verdict: ZH vs MOMO vs JOYY vs DOYU vs HUYA
Each card shows where this stock fits in a portfolio — not just who wins on paper.
Bottom line: MOMO and JOYY are tied at the top with 3 categories each (5-stock set) — the right choice depends on your priorities. JOYY, Inc. Sponsored ADR Class A is the stronger pick specifically for growth and revenue expansion and capital preservation and lower volatility. DOYU also leads in specific categories worth noting. As sector peers, any of these can serve as alternatives in the same allocation.
ZH
Zhihu Inc.
The Growth Play
ZH is the clearest fit if your priority is growth exposure.
- Rev growth -13.1%, EPS growth 77.7%, 3Y rev CAGR 7.7%
Best for: growth exposure
MOMO
Hello Group Inc.
The Value Play
MOMO carries the broadest edge in this set and is the clearest fit for value and quality.
- Lower P/E (1.1x vs 4.0x)
- 7.8% margin vs JOYY's -6.5%
- 5.3% ROA vs DOYU's -4.7%, ROIC 10.9% vs -15.4%
Best for: value and quality
JOYY
JOYY, Inc. Sponsored ADR Class A
The Long-Run Compounder
JOYY is the #2 pick in this set and the best alternative if long-term compounding is your priority.
- 46.8% 10Y total return vs MOMO's -9.4%
- -1.3% revenue growth vs DOYU's -22.8%
- Beta 0.64 vs ZH's 1.28
- +50.9% vs DOYU's -34.2%
Best for: long-term compounding
DOYU
DouYu International Holdings Limited
The Income Pick
DOYU ranks third and is worth considering specifically for income & stability and sleep-well-at-night.
- Dividend streak 2 yrs, beta 1.10, yield 100.0%
- Lower volatility, beta 1.10, Low D/E 0.4%, current ratio 3.63x
- Beta 1.10, yield 100.0%, current ratio 3.63x
- 100.0% yield, 2-year raise streak, vs MOMO's 4.6%, (2 stocks pay no dividend)
Best for: income & stability and sleep-well-at-night
HUYA
HUYA Inc.
The Income Angle
Among these 5 stocks, HUYA doesn't own a clear edge in any measured category.
Best for: communication services exposure
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | JOYY | -1.3% revenue growth vs DOYU's -22.8% |
| Value | MOMO | Lower P/E (1.1x vs 4.0x) |
| Quality / Margins | MOMO | 7.8% margin vs JOYY's -6.5% |
| Stability / Safety | JOYY | Beta 0.64 vs ZH's 1.28 |
| Dividends | DOYU | 100.0% yield, 2-year raise streak, vs MOMO's 4.6%, (2 stocks pay no dividend) |
| Momentum (1Y) | JOYY | +50.9% vs DOYU's -34.2% |
| Efficiency (ROA) | MOMO | 5.3% ROA vs DOYU's -4.7%, ROIC 10.9% vs -15.4% |
ZH vs MOMO vs JOYY vs DOYU vs HUYA — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
FY 2024
FY 2024
FY 2024
FY 2024
FY 2024
ZH vs MOMO vs JOYY vs DOYU vs HUYA — Financial Metrics
Side-by-side numbers across 5 stocks — who leads on profitability, valuation, growth, and risk.
BEST OVERALLJOYYLAGGINGHUYA
Who Leads Where
DOYU leads in 2 of 6 categories
JOYY leads 2 • MOMO leads 1 • ZH leads 0 • HUYA leads 0 • 1 tied
Explore the data ↓HUYAHUYA Inc.
0leads
ZHZhihu Inc.
0leads
MOMOHello Group Inc.
1leads
DOYUDouYu International H…
2leads
JOYYJOYY, Inc. Sponsored …
2leads
6 Total Categories
CATEGORYLEADERvs DOYUvs MOMOMETRICS WON
Income & Cash FlowRevenue, margins, and cash flow strength
Tied
—
Valuation MetricsMultiples, price ratios, and targets
DOYU2/5
Profitability & EfficiencyROE, ROIC, leverage, and quality scores
MOMO6/9
Total Returns1Y, 3Y, 5Y total returns with dividends
JOYY3/6
Risk & VolatilityBeta, volatility, and downside exposure
JOYY2/2
Analyst OutlookRatings, price targets, and dividends
DOYU2/2
Income & Cash Flow (Last 12 Months)
Evenly matched — MOMO and DOYU each lead in 2 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
MOMO is the larger business by revenue, generating $10.3B annually — 4.6x JOYY's $2.2B. MOMO is the more profitable business, keeping 7.8% of every revenue dollar as net income compared to JOYY's -6.5%. On growth, DOYU holds the edge at +2.1% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ZHZhihu Inc. | MOMOHello Group Inc. | JOYYJOYY, Inc. Sponso… | DOYUDouYu Internation… | HUYAHUYA Inc. |
|---|---|---|---|---|---|
| RevenueTrailing 12 months | $3.0B | $10.3B | $2.2B | $4.2B | $6.1B |
| EBITDAEarnings before interest/tax | -$148M | $1.4B | -$317M | -$275M | -$120M |
| Net IncomeAfter-tax profit | $103M | $800M | -$146M | -$202M | -$153M |
| Free Cash FlowCash after capex | $0 | $685M | $0 | $0 | $0 |
| Gross MarginGross profit ÷ Revenue | +62.2% | +37.7% | +36.0% | +9.2% | +12.7% |
| Operating MarginEBIT ÷ Revenue | -7.8% | +12.7% | -18.1% | -7.1% | -3.4% |
| Net MarginNet income ÷ Revenue | +3.5% | +7.8% | -6.5% | -4.8% | -2.5% |
| FCF MarginFCF ÷ Revenue | -7.8% | +6.7% | +10.0% | -5.9% | -1.9% |
| Rev. Growth (YoY)Latest quarter vs prior year | -20.3% | -5.1% | -3.6% | +2.1% | +1.7% |
| EPS Growth (YoY)Latest quarter vs prior year | -4.2% | +32.1% | -9.2% | +179.1% | -118.5% |
Evenly matched — MOMO and DOYU each lead in 2 of 6 comparable metrics.
Valuation Metrics
DOYU leads this category, winning 2 of 5 comparable metrics.
Valuation Metrics
| Metric | ZHZhihu Inc. | MOMOHello Group Inc. | JOYYJOYY, Inc. Sponso… | DOYUDouYu Internation… | HUYAHUYA Inc. |
|---|---|---|---|---|---|
| Market CapShares × price | $310M | $2.2B | $3.2B | $142M | $481M |
| Enterprise ValueMkt cap + debt − cash | -$275M | $1.4B | $2.8B | -$5M | $314M |
| Trailing P/EPrice ÷ TTM EPS | -12.20x | 9.34x | -22.69x | -3.31x | -103.70x |
| Forward P/EPrice ÷ next-FY EPS est. | — | 1.08x | 1.62x | 4.28x | 3.97x |
| PEG RatioP/E ÷ EPS growth rate | — | — | — | — | — |
| EV / EBITDAEnterprise value multiple | — | 6.91x | — | — | — |
| Price / SalesMarket cap ÷ Revenue | 0.58x | 1.46x | 1.42x | 0.23x | 0.54x |
| Price / BookPrice ÷ Book value/share | 0.50x | 0.66x | 0.72x | 0.23x | 0.67x |
| Price / FCFMarket cap ÷ FCF | — | 21.90x | 14.14x | — | — |
DOYU leads this category, winning 2 of 5 comparable metrics.
Profitability & Efficiency
MOMO leads this category, winning 6 of 9 comparable metrics.
Profitability & Efficiency
MOMO delivers a 7.2% return on equity — every $100 of shareholder capital generates $7 in annual profit, vs $-6 for DOYU. DOYU carries lower financial leverage with a 0.00x debt-to-equity ratio, signaling a more conservative balance sheet compared to MOMO's 0.01x. On the Piotroski fundamental quality scale (0–9), MOMO scores 7/9 vs DOYU's 3/9, reflecting strong financial health.
| Metric | ZHZhihu Inc. | MOMOHello Group Inc. | JOYYJOYY, Inc. Sponso… | DOYUDouYu Internation… | HUYAHUYA Inc. |
|---|---|---|---|---|---|
| ROE (TTM)Return on equity | +2.5% | +7.2% | -2.8% | -6.5% | -2.4% |
| ROA (TTM)Return on assets | +1.9% | +5.3% | -1.8% | -4.7% | -1.7% |
| ROICReturn on invested capital | -25.6% | +10.9% | -6.7% | -15.4% | -1.7% |
| ROCEReturn on capital employed | -10.8% | +10.8% | -7.9% | -10.3% | -2.1% |
| Piotroski ScoreFundamental quality 0–9 | 6 | 7 | 6 | 3 | 7 |
| Debt / EquityFinancial leverage | 0.00x | 0.01x | 0.01x | 0.00x | 0.01x |
| Net DebtTotal debt minus cash | -$4.0B | -$5.3B | -$414M | -$1.0B | -$1.1B |
| Cash & Equiv.Liquid assets | $4.0B | $5.4B | $445M | $1.0B | $1.2B |
| Total DebtShort + long-term debt | $19M | $129M | $31M | $16M | $49M |
| Interest CoverageEBIT ÷ Interest expense | — | 18.04x | 30.37x | — | — |
MOMO leads this category, winning 6 of 9 comparable metrics.
Total Returns (Dividends Reinvested)
JOYY leads this category, winning 3 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in JOYY five years ago would be worth $8,013 today (with dividends reinvested), compared to $693 for ZH. Over the past 12 months, JOYY leads with a +50.9% total return vs DOYU's -34.2%. The 3-year compound annual growth rate (CAGR) favors DOYU at 31.1% vs ZH's -18.7% — a key indicator of consistent wealth creation.
| Metric | ZHZhihu Inc. | MOMOHello Group Inc. | JOYYJOYY, Inc. Sponso… | DOYUDouYu Internation… | HUYAHUYA Inc. |
|---|---|---|---|---|---|
| YTD ReturnYear-to-date | +1.8% | +1.6% | -3.1% | -31.8% | +5.6% |
| 1-Year ReturnPast 12 months | -15.1% | +16.2% | +50.9% | -34.2% | +26.9% |
| 3-Year ReturnCumulative with dividends | -46.2% | -5.7% | +123.0% | +125.5% | +99.7% |
| 5-Year ReturnCumulative with dividends | -93.1% | -36.7% | -19.9% | -71.6% | -60.8% |
| 10-Year ReturnCumulative with dividends | -93.4% | -9.4% | +46.8% | -78.8% | -60.1% |
| CAGR (3Y)Annualised 3-year return | -18.7% | -1.9% | +30.6% | +31.1% | +25.9% |
JOYY leads this category, winning 3 of 6 comparable metrics.
Risk & Volatility
JOYY leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
JOYY is the less volatile stock with a 0.64 beta — it tends to amplify market swings less than ZH's 1.28 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. JOYY currently trades 83.1% from its 52-week high vs DOYU's 50.3% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ZHZhihu Inc. | MOMOHello Group Inc. | JOYYJOYY, Inc. Sponso… | DOYUDouYu Internation… | HUYAHUYA Inc. |
|---|---|---|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.28x | 0.78x | 0.64x | 1.10x | 1.17x |
| 52-Week HighHighest price in past year | $5.55 | $9.22 | $70.96 | $9.34 | $4.93 |
| 52-Week LowLowest price in past year | $2.57 | $5.68 | $41.77 | $4.28 | $2.21 |
| % of 52W HighCurrent price vs 52-week peak | +61.1% | +68.8% | +83.1% | +50.3% | +64.9% |
| RSI (14)Momentum oscillator 0–100 | 49.5 | 61.2 | 53.2 | 47.0 | 54.2 |
| Avg Volume (50D)Average daily shares traded | 444K | 648K | 282K | 26K | 1.0M |
JOYY leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
DOYU leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
Analyst consensus: ZH as "Buy", MOMO as "Buy", JOYY as "Buy", DOYU as "Hold", HUYA as "Buy". Consensus price targets imply 92.1% upside for DOYU (target: $9) vs 7.8% for HUYA (target: $3). For income investors, DOYU offers the higher dividend yield at 100.00% vs MOMO's 4.61%.
| Metric | ZHZhihu Inc. | MOMOHello Group Inc. | JOYYJOYY, Inc. Sponso… | DOYUDouYu Internation… | HUYAHUYA Inc. |
|---|---|---|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy | Buy | Hold | Buy |
| Price TargetConsensus 12-month target | — | $8.10 | $66.00 | $9.03 | $3.45 |
| # AnalystsCovering analysts | 8 | 16 | 5 | 7 | 15 |
| Dividend YieldAnnual dividend ÷ price | — | +4.6% | — | +100.0% | +56.7% |
| Dividend StreakConsecutive years of raises | — | 0 | 0 | 2 | 1 |
| Dividend / ShareAnnual DPS | — | $1.99 | — | $68.16 | $12.34 |
| Buyback YieldShare repurchases ÷ mkt cap | +19.0% | +5.1% | +8.2% | +10.9% | +7.6% |
DOYU leads this category, winning 2 of 2 comparable metrics.
Key Takeaway
DOYU leads in 2 of 6 categories (Valuation Metrics, Analyst Outlook). JOYY leads in 2 (Total Returns, Risk & Volatility). 1 tied.
Best OverallJOYY, Inc. Sponsored ADR Cl… (JOYY)Leads 2 of 6 categories
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ZH vs MOMO vs JOYY vs DOYU vs HUYA: Key Questions Answered
10 questions · data-driven answers · updated daily
01Is ZH or MOMO or JOYY or DOYU or HUYA a better buy right now?
For growth investors, JOYY, Inc.
Sponsored ADR Class A (JOYY) is the stronger pick with -1. 3% revenue growth year-over-year, versus -22. 8% for DouYu International Holdings Limited (DOYU). Hello Group Inc. (MOMO) offers the better valuation at 9. 3x trailing P/E (1. 1x forward), making it the more compelling value choice. Analysts rate Zhihu Inc. (ZH) a "Buy" — based on 8 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 — ZH or MOMO or JOYY or DOYU or HUYA?
On forward P/E, Hello Group Inc.
is actually cheaper at 1. 1x.
03Which is the better long-term investment — ZH or MOMO or JOYY or DOYU or HUYA?
Over the past 5 years, JOYY, Inc.
Sponsored ADR Class A (JOYY) delivered a total return of -19. 9%, compared to -93. 1% for Zhihu Inc. (ZH). Over 10 years, the gap is even starker: JOYY returned +46. 8% versus ZH's -93. 4%. 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 — ZH or MOMO or JOYY or DOYU or HUYA?
By beta (market sensitivity over 5 years), JOYY, Inc.
Sponsored ADR Class A (JOYY) is the lower-risk stock at 0. 64β versus Zhihu Inc. 's 1. 28β — meaning ZH is approximately 98% more volatile than JOYY relative to the S&P 500. On balance sheet safety, DouYu International Holdings Limited (DOYU) carries a lower debt/equity ratio of 0% versus 1% for Hello Group Inc. — giving it more financial flexibility in a downturn.
05Which is growing faster — ZH or MOMO or JOYY or DOYU or HUYA?
By revenue growth (latest reported year), JOYY, Inc.
Sponsored ADR Class A (JOYY) is pulling ahead at -1. 3% versus -22. 8% for DouYu International Holdings Limited (DOYU). On earnings-per-share growth, the picture is similar: Zhihu Inc. grew EPS 77. 7% year-over-year, compared to -969. 4% for DouYu International Holdings Limited. Over a 3-year CAGR, ZH leads at 7. 7% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — ZH or MOMO or JOYY or DOYU or HUYA?
Hello Group Inc.
(MOMO) is the more profitable company, earning 7. 8% net margin versus -7. 0% for DouYu International Holdings Limited — meaning it keeps 7. 8% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: MOMO leads at 12. 7% versus -18. 1% for JOYY. At the gross margin level — before operating expenses — ZH leads at 60. 6%, 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.
07Is ZH or MOMO or JOYY or DOYU or HUYA more undervalued right now?
On forward earnings alone, Hello Group Inc.
(MOMO) trades at 1. 1x forward P/E versus 4. 3x for DouYu International Holdings Limited — 3. 2x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for DOYU: 92. 1% to $9. 03.
08Which pays a better dividend — ZH or MOMO or JOYY or DOYU or HUYA?
In this comparison, DOYU (100.
0% yield), HUYA (56. 7% yield), MOMO (4. 6% yield) pay a dividend. ZH, JOYY do not pay a meaningful dividend and should not be held primarily for income.
09Is ZH or MOMO or JOYY or DOYU or HUYA better for a retirement portfolio?
For long-horizon retirement investors, Hello Group Inc.
(MOMO) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 78), 4. 6% yield). Both have compounded well over 10 years (MOMO: -9. 4%, ZH: -93. 4%), 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.
10What are the main differences between ZH and MOMO and JOYY and DOYU and HUYA?
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.
In terms of investment character: ZH is a small-cap quality compounder stock; MOMO is a small-cap deep-value stock; JOYY is a small-cap quality compounder stock; DOYU is a small-cap income-oriented stock; HUYA is a small-cap income-oriented stock. MOMO, DOYU, HUYA pay a dividend while ZH, JOYY do not, making them suitable for different income and tax situations. 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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%
(ZH: -20.3% · MOMO: -5.1%)Net Margin>
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