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Side-by-side financial comparison of Astrana Health, Inc. (ASTH) and Bilibili Inc. (BILI). Click either name above to swap in a different company.

Bilibili Inc. is the larger business by last-quarter revenue ($1.3B vs $950.5M, roughly 1.3× Astrana Health, Inc.). Bilibili Inc. runs the higher net margin — 6.0% vs 0.7%, a 5.3% gap on every dollar of revenue. On growth, Astrana Health, Inc. posted the faster year-over-year revenue change (42.9% vs 26.2%). Over the past eight quarters, Astrana Health, Inc.'s revenue compounded faster (53.3% CAGR vs 27.3%).

Astrana Health, Inc. is a U.S.-based value-based healthcare services provider that primarily serves Medicare-eligible senior populations across the United States. It offers in-home primary care, chronic disease management, and care coordination services, aiming to improve patient health outcomes and reduce unnecessary medical costs.

Bilibili, nicknamed B Site, is a Chinese online video sharing website based in Shanghai where users can submit, view, and add overlaid commentary on videos.

ASTH vs BILI — Head-to-Head

Bigger by revenue
BILI
BILI
1.3× larger
BILI
$1.3B
$950.5M
ASTH
Growing faster (revenue YoY)
ASTH
ASTH
+16.7% gap
ASTH
42.9%
26.2%
BILI
Higher net margin
BILI
BILI
5.3% more per $
BILI
6.0%
0.7%
ASTH
Faster 2-yr revenue CAGR
ASTH
ASTH
Annualised
ASTH
53.3%
27.3%
BILI

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ASTH
ASTH
BILI
BILI
Revenue
$950.5M
$1.3B
Net Profit
$6.6M
$75.7M
Gross Margin
37.0%
Operating Margin
1.9%
5.8%
Net Margin
0.7%
6.0%
Revenue YoY
42.9%
26.2%
Net Profit YoY
184.4%
143.0%
EPS (diluted)
$0.12
$1.14

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ASTH
ASTH
BILI
BILI
Q4 25
$950.5M
$1.3B
Q3 25
$956.0M
$1.1B
Q2 25
$654.8M
$1.0B
Q1 25
$620.4M
$965.1M
Q4 24
$665.2M
$1.0B
Q3 24
$478.7M
$1.0B
Q2 24
$486.3M
$843.1M
Q1 24
$404.4M
$784.5M
Net Profit
ASTH
ASTH
BILI
BILI
Q4 25
$6.6M
$75.7M
Q3 25
$373.0K
$65.9M
Q2 25
$9.4M
$30.5M
Q1 25
$6.7M
$-1.5M
Q4 24
$-7.8M
$-176.0M
Q3 24
$16.1M
$11.4M
Q2 24
$19.2M
$83.7M
Q1 24
$14.8M
$-105.9M
Gross Margin
ASTH
ASTH
BILI
BILI
Q4 25
37.0%
Q3 25
36.7%
Q2 25
36.5%
Q1 25
36.3%
Q4 24
36.2%
Q3 24
34.9%
Q2 24
29.9%
Q1 24
28.3%
Operating Margin
ASTH
ASTH
BILI
BILI
Q4 25
1.9%
5.8%
Q3 25
2.0%
4.6%
Q2 25
3.1%
3.4%
Q1 25
3.3%
0.2%
Q4 24
0.1%
-16.0%
Q3 24
5.9%
0.9%
Q2 24
6.2%
9.5%
Q1 24
7.5%
-14.5%
Net Margin
ASTH
ASTH
BILI
BILI
Q4 25
0.7%
6.0%
Q3 25
0.0%
6.1%
Q2 25
1.4%
3.0%
Q1 25
1.1%
-0.2%
Q4 24
-1.2%
-17.5%
Q3 24
3.4%
1.1%
Q2 24
3.9%
9.9%
Q1 24
3.7%
-13.5%
EPS (diluted)
ASTH
ASTH
BILI
BILI
Q4 25
$0.12
$1.14
Q3 25
$0.01
$1.05
Q2 25
$0.19
$0.51
Q1 25
$0.14
$0.00
Q4 24
$-0.14
$0.21
Q3 24
$0.33
$-0.03
Q2 24
$0.40
$-0.20
Q1 24
$0.31
$-1.80

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ASTH
ASTH
BILI
BILI
Cash + ST InvestmentsLiquidity on hand
$429.5M
$2.7B
Total DebtLower is stronger
$1.4B
Stockholders' EquityBook value
$779.3M
$2.2B
Total Assets
$2.2B
$5.9B
Debt / EquityLower = less leverage
0.62×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ASTH
ASTH
BILI
BILI
Q4 25
$429.5M
$2.7B
Q3 25
$463.4M
$2.4B
Q2 25
$342.1M
Q1 25
$260.9M
$1.9B
Q4 24
$290.8M
$1.8B
Q3 24
$350.3M
$11.7B
Q2 24
$327.7M
Q1 24
$337.3M
$1.1B
Total Debt
ASTH
ASTH
BILI
BILI
Q4 25
$1.4B
Q3 25
$1.4B
Q2 25
Q1 25
$700.3M
Q4 24
$662.5M
Q3 24
$4.3B
Q2 24
Q1 24
$684.5M
Stockholders' Equity
ASTH
ASTH
BILI
BILI
Q4 25
$779.3M
$2.2B
Q3 25
$775.5M
$2.1B
Q2 25
$765.5M
Q1 25
$745.4M
$2.0B
Q4 24
$712.7M
$1.9B
Q3 24
$704.6M
$13.7B
Q2 24
$678.9M
Q1 24
$653.5M
$1.9B
Total Assets
ASTH
ASTH
BILI
BILI
Q4 25
$2.2B
$5.9B
Q3 25
$2.2B
$5.6B
Q2 25
$1.4B
Q1 25
$1.3B
$4.6B
Q4 24
$1.4B
$4.5B
Q3 24
$1.3B
$32.0B
Q2 24
$1.3B
Q1 24
$1.2B
$4.2B
Debt / Equity
ASTH
ASTH
BILI
BILI
Q4 25
0.62×
Q3 25
0.65×
Q2 25
Q1 25
0.35×
Q4 24
0.34×
Q3 24
0.31×
Q2 24
Q1 24
0.36×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ASTH
ASTH
BILI
BILI
Operating Cash FlowLast quarter
$-2.9M
$263.1M
Free Cash FlowOCF − Capex
$-6.0M
FCF MarginFCF / Revenue
-0.6%
Capex IntensityCapex / Revenue
0.3%
Cash ConversionOCF / Net Profit
-0.44×
3.47×
TTM Free Cash FlowTrailing 4 quarters
$104.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ASTH
ASTH
BILI
BILI
Q4 25
$-2.9M
$263.1M
Q3 25
$10.0M
$283.2M
Q2 25
$90.9M
$277.7M
Q1 25
$16.6M
$179.4M
Q4 24
$-10.9M
$191.9M
Q3 24
$34.0M
$2.2B
Q2 24
$23.2M
Q1 24
$6.0M
$88.3M
Free Cash Flow
ASTH
ASTH
BILI
BILI
Q4 25
$-6.0M
Q3 25
$7.4M
Q2 25
$89.5M
Q1 25
$13.6M
$174.5M
Q4 24
$-13.5M
Q3 24
$31.7M
Q2 24
$20.4M
Q1 24
$5.6M
FCF Margin
ASTH
ASTH
BILI
BILI
Q4 25
-0.6%
Q3 25
0.8%
Q2 25
13.7%
Q1 25
2.2%
18.1%
Q4 24
-2.0%
Q3 24
6.6%
Q2 24
4.2%
Q1 24
1.4%
Capex Intensity
ASTH
ASTH
BILI
BILI
Q4 25
0.3%
Q3 25
0.3%
Q2 25
0.2%
Q1 25
0.5%
0.5%
Q4 24
0.4%
Q3 24
0.5%
Q2 24
0.6%
Q1 24
0.1%
Cash Conversion
ASTH
ASTH
BILI
BILI
Q4 25
-0.44×
3.47×
Q3 25
26.69×
4.30×
Q2 25
9.65×
9.11×
Q1 25
2.48×
Q4 24
Q3 24
2.11×
195.23×
Q2 24
1.21×
Q1 24
0.40×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ASTH
ASTH

Medicare$542.4M57%
Commercial$99.1M10%
Care Delivery$92.1M10%
Care Enablement$78.9M8%
Other Third Parties$58.0M6%
Health Care Patient Service$39.8M4%
Health Care Other$25.5M3%
Other$12.1M1%
Management Service$10.3M1%

BILI
BILI

Value-added services (VAS)$466.4M37%
Advertising$435.0M34%
Mobile games$220.3M17%
Other$80.8M6%
IP derivatives and others$68.2M5%

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