Last 43 quarters of trend data · Communication Services · Internet Content & Information
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 16.01 | — | 8.63 | 9.29 | 11.47 | 14.60 | 8.82 | 3.88 | 25.15 | 43.88 | 1.05 | 11.31 | 241.64 |
| — | — | -2.2% | +139.5% | -54.4% | -66.7% | +741.5% | -65.7% | -89.6% | +228.4% | -99.3% | — | — | |
| P/S Ratio | 1.64 | 1.02 | 0.93 | 0.85 | 0.91 | 1.17 | 1.14 | 1.08 | 1.08 | 0.92 | 0.91 | 0.91 | 1.07 |
| — | -12.8% | -18.4% | -20.9% | -15.3% | +27.3% | +24.9% | +18.6% | +0.6% | -38.7% | -45.5% | -53.2% | -62.8% | |
| P/B Ratio | 0.54 | 0.47 | 0.39 | 0.36 | 0.39 | 0.50 | 0.49 | 0.45 | 0.47 | 0.41 | 0.36 | 0.41 | 0.48 |
| — | -6.2% | -19.6% | -20.3% | -17.2% | +24.2% | +34.4% | +11.4% | -3.6% | -42.8% | -52.3% | -54.1% | -61.3% | |
| P/FCF | 21.89 | — | — | — | — | — | — | — | — | — | — | 9.25 | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| EV / EBITDA | 19.27 | — | 7.45 | 5.26 | 6.80 | 8.89 | 7.87 | 3.45 | 13.44 | 23.14 | 0.83 | 5.64 | 106.70 |
| — | — | -5.2% | +52.4% | -49.4% | -61.6% | +842.8% | -38.9% | -87.4% | +183.3% | — | — | — | |
| EV / EBIT | 55.81 | — | 7.45 | 5.26 | 6.80 | 8.89 | 7.87 | 3.45 | 13.44 | 23.14 | 0.83 | 5.64 | 106.70 |
| — | — | -5.2% | +52.4% | -49.4% | -61.6% | +842.8% | -38.9% | -87.4% | +183.3% | — | — | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
JOYY, Inc. Sponsored ADR Class A's operating margin was 4.9% in Q4 2024, up 2.0 pp QoQ and up 4.1 pp YoY. This marks the 3rd consecutive quarter of margin expansion, signaling a sustained improvement in operating efficiency. The trailing four-quarter average of 2.2% lags the current quarter, suggesting the recent improvement is above-trend. Gross margin expanded 4.9% YoY, indicating pricing power or improving input costs.
| Metric | TTM | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 35.9% | 37.1% | 37.3% | 35.2% | 34.6% | 35.4% | 36.9% | 36.1% | 35.1% | 35.1% | 37.5% | 36.6% | 32.2% |
| — | +4.9% | +1.0% | -2.6% | -1.3% | +0.7% | -1.7% | -1.4% | +8.7% | +4.2% | +15.8% | +19.2% | +3.6% | |
| Operating Margin | 2.6% | 4.9% | 2.9% | 0.4% | 0.6% | 0.8% | 2.1% | 1.7% | 0.4% | -2.3% | 3.4% | 6.5% | 1.0% |
| — | +485.7% | +38.3% | -76.7% | +44.7% | +135.9% | -37.1% | -73.5% | -57.3% | -125.7% | +220.3% | +142.5% | +108.9% | |
| Net Margin | 98.8% | -55.4% | 10.8% | 9.2% | 8.0% | 8.0% | 12.9% | 28.3% | 4.8% | -62.4% | 87.8% | 3.1% | -4.4% |
| — | -788.2% | -15.7% | -67.5% | +67.3% | +112.9% | -85.4% | +805.7% | +208.9% | -665.5% | +7475.7% | +118.9% | +45.2% |
| Metric | TTM | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 36.9% | -6.1% | 1.1% | 1.0% | 0.8% | 0.9% | 1.4% | 2.9% | 0.5% | -6.6% | 9.2% | 0.3% | -0.5% |
| — | -800.1% | -17.9% | -66.7% | +65.6% | +113.0% | -84.9% | +751.3% | +204.2% | -613.0% | +6916.4% | +118.4% | +41.8% | |
| ROA | 27.8% | -3.9% | 0.7% | 0.6% | 0.5% | 0.5% | 0.9% | 1.8% | 0.3% | -4.1% | 5.7% | 0.2% | -0.3% |
| — | -820.2% | -13.4% | -64.7% | +72.6% | +113.2% | -84.8% | +740.4% | +201.5% | -613.1% | +6914.2% | +118.3% | +48.0% | |
| ROIC | 0.8% | 0.4% | 0.3% | 0.0% | 0.1% | 0.1% | 0.2% | 0.1% | 0.0% | -0.2% | 0.3% | 0.6% | 0.1% |
| — | +448.9% | +38.6% | -74.2% | +54.4% | +140.6% | -33.4% | -75.6% | -61.5% | -118.6% | +124.3% | +132.5% | +112.9% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
The current ratio has weakened 27.6% YoY to 0.96x, tightening the short-term liquidity position. Debt/Equity has declined for 4 consecutive quarters, reflecting a deleveraging trend.
| Metric | TTM | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.00 | 0.01 | 0.01 | 0.02 | 0.10 | 0.09 | 0.10 | 0.09 | 0.17 | 0.16 | 0.16 | 0.17 | 0.16 |
| — | -92.9% | -84.6% | -79.4% | -43.3% | -44.2% | -38.5% | -43.8% | +3.2% | -1.3% | -12.3% | -5.2% | -12.3% | |
| Debt / EBITDA | 0.20 | — | 1.39 | 2.11 | 9.45 | 9.76 | 8.64 | 3.25 | 24.14 | 43.65 | 1.68 | 12.12 | 177.84 |
| — | — | -83.9% | -35.1% | -60.9% | -77.6% | +415.5% | -73.2% | -86.4% | +339.5% | — | — | — | |
| Current Ratio | 1.85 | 0.96 | 1.22 | 1.35 | 1.27 | 1.32 | 1.37 | 1.37 | 1.50 | 1.51 | 1.52 | 1.60 | 1.96 |
| — | -27.6% | -10.7% | -1.8% | -15.1% | -12.7% | -10.4% | -14.6% | -23.5% | -25.1% | -26.9% | -23.6% | -5.3% | |
| Quick Ratio | 1.85 | 0.96 | 1.22 | 1.35 | 1.27 | 1.32 | 1.24 | 1.24 | 1.38 | 1.40 | 1.52 | 1.60 | 1.96 |
| — | -27.6% | -1.3% | +8.1% | -7.7% | -5.6% | -19.0% | -22.4% | -29.6% | -30.8% | -22.6% | -19.0% | +0.8% | |
| Interest Coverage | 418.73 | -1225.61 | 104.71 | 26.54 | 25.39 | 23.66 | 27.43 | 49.68 | 12.16 | 6.53 | 173.05 | 22.08 | 1.66 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 43 years · Updated daily
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Quick answers to the most common questions about buying JOYY stock.
JOYY, Inc. Sponsored ADR Class A's current P/E is 16.0x. The average P/E over the last 3 quarters is 9.8x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
JOYY, Inc. Sponsored ADR Class A's current operating margin is 2.6%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking JOYY, Inc. Sponsored ADR Class A's business trajectory between earnings reports.