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Side-by-side financial comparison of Atour Lifestyle Holdings Ltd (ATAT) 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 $789.6M, roughly 1.6× Atour Lifestyle Holdings Ltd). Atour Lifestyle Holdings Ltd runs the higher net margin — 17.6% vs 6.0%, a 11.7% gap on every dollar of revenue. On growth, Atour Lifestyle Holdings Ltd posted the faster year-over-year revenue change (252.5% vs 26.2%).
Atour Lifestyle Holdings Ltd is a leading China-based hospitality and lifestyle enterprise. It operates a wide portfolio of mid-to-premium hotel brands for business and leisure travelers, and offers complementary lifestyle retail products and experience services, catering primarily to middle-class consumers across domestic and selected overseas markets.
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.
ATAT vs BILI — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $789.6M | $1.3B |
| Net Profit | $139.1M | $75.7M |
| Gross Margin | — | 37.0% |
| Operating Margin | 22.5% | 5.8% |
| Net Margin | 17.6% | 6.0% |
| Revenue YoY | 252.5% | 26.2% |
| Net Profit YoY | 322.2% | 143.0% |
| EPS (diluted) | $0.33 | $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.
| Q4 25 | — | $1.3B | ||
| Q3 25 | $789.6M | $1.1B | ||
| Q2 25 | — | $1.0B | ||
| Q1 25 | — | $965.1M | ||
| Q4 24 | — | $1.0B | ||
| Q3 24 | $224.0M | $1.0B | ||
| Q2 24 | — | $843.1M | ||
| Q1 24 | $203.4M | $784.5M |
| Q4 25 | — | $75.7M | ||
| Q3 25 | $139.1M | $65.9M | ||
| Q2 25 | — | $30.5M | ||
| Q1 25 | — | $-1.5M | ||
| Q4 24 | — | $-176.0M | ||
| Q3 24 | $33.0M | $11.4M | ||
| Q2 24 | — | $83.7M | ||
| Q1 24 | $35.6M | $-105.9M |
| 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% |
| Q4 25 | — | 5.8% | ||
| Q3 25 | 22.5% | 4.6% | ||
| Q2 25 | — | 3.4% | ||
| Q1 25 | — | 0.2% | ||
| Q4 24 | — | -16.0% | ||
| Q3 24 | 14.7% | 0.9% | ||
| Q2 24 | — | 9.5% | ||
| Q1 24 | 22.1% | -14.5% |
| Q4 25 | — | 6.0% | ||
| Q3 25 | 17.6% | 6.1% | ||
| Q2 25 | — | 3.0% | ||
| Q1 25 | — | -0.2% | ||
| Q4 24 | — | -17.5% | ||
| Q3 24 | 14.7% | 1.1% | ||
| Q2 24 | — | 9.9% | ||
| Q1 24 | 17.5% | -13.5% |
| Q4 25 | — | $1.14 | ||
| Q3 25 | $0.33 | $1.05 | ||
| Q2 25 | — | $0.51 | ||
| Q1 25 | — | $0.00 | ||
| Q4 24 | — | $0.21 | ||
| Q3 24 | $0.08 | $-0.03 | ||
| Q2 24 | — | $-0.20 | ||
| Q1 24 | $0.09 | $-1.80 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $669.2M | $2.7B |
| Total DebtLower is stronger | — | $1.4B |
| Stockholders' EquityBook value | $405.0M | $2.2B |
| Total Assets | $1.1B | $5.9B |
| Debt / EquityLower = less leverage | — | 0.62× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $2.7B | ||
| Q3 25 | $669.2M | $2.4B | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $1.9B | ||
| Q4 24 | — | $1.8B | ||
| Q3 24 | $506.0M | $11.7B | ||
| Q2 24 | — | — | ||
| Q1 24 | $520.7M | $1.1B |
| 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 | $277.0K | $684.5M |
| Q4 25 | — | $2.2B | ||
| Q3 25 | $405.0M | $2.1B | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $2.0B | ||
| Q4 24 | — | $1.9B | ||
| Q3 24 | $291.3M | $13.7B | ||
| Q2 24 | — | — | ||
| Q1 24 | $323.5M | $1.9B |
| Q4 25 | — | $5.9B | ||
| Q3 25 | $1.1B | $5.6B | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $4.6B | ||
| Q4 24 | — | $4.5B | ||
| Q3 24 | $927.8M | $32.0B | ||
| Q2 24 | — | — | ||
| Q1 24 | $936.3M | $4.2B |
| 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 | 0.00× | 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $216.6M | $263.1M |
| Free Cash FlowOCF − Capex | $210.7M | — |
| FCF MarginFCF / Revenue | 26.7% | — |
| Capex IntensityCapex / Revenue | 0.8% | — |
| Cash ConversionOCF / Net Profit | 1.56× | 3.47× |
| TTM Free Cash FlowTrailing 4 quarters | $359.6M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $263.1M | ||
| Q3 25 | $216.6M | $283.2M | ||
| Q2 25 | — | $277.7M | ||
| Q1 25 | — | $179.4M | ||
| Q4 24 | — | $191.9M | ||
| Q3 24 | $84.8M | $2.2B | ||
| Q2 24 | — | — | ||
| Q1 24 | $19.8M | $88.3M |
| Q4 25 | — | — | ||
| Q3 25 | $210.7M | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $174.5M | ||
| Q4 24 | — | — | ||
| Q3 24 | $83.3M | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $18.1M | — |
| Q4 25 | — | — | ||
| Q3 25 | 26.7% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 18.1% | ||
| Q4 24 | — | — | ||
| Q3 24 | 37.2% | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 8.9% | — |
| Q4 25 | — | — | ||
| Q3 25 | 0.8% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 0.5% | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.7% | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 0.9% | — |
| Q4 25 | — | 3.47× | ||
| Q3 25 | 1.56× | 4.30× | ||
| Q2 25 | — | 9.11× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.57× | 195.23× | ||
| Q2 24 | — | — | ||
| Q1 24 | 0.56× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ATAT
Segment breakdown not available.
BILI
| Value-added services (VAS) | $466.4M | 37% |
| Advertising | $435.0M | 34% |
| Mobile games | $220.3M | 17% |
| Other | $80.8M | 6% |
| IP derivatives and others | $68.2M | 5% |
