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Side-by-side financial comparison of AvalonBay Communities (AVB) 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 $767.9M, roughly 1.7× AvalonBay Communities). AvalonBay Communities runs the higher net margin — 9040.6% vs 6.0%, a 9034.6% gap on every dollar of revenue. On growth, Bilibili Inc. posted the faster year-over-year revenue change (26.2% vs 3.7%). Over the past eight quarters, Bilibili Inc.'s revenue compounded faster (27.3% CAGR vs 3.8%).

AvalonBay Communities, Inc. is a publicly traded real estate investment trust that invests in apartments.

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.

AVB vs BILI — Head-to-Head

Bigger by revenue
BILI
BILI
1.7× larger
BILI
$1.3B
$767.9M
AVB
Growing faster (revenue YoY)
BILI
BILI
+22.5% gap
BILI
26.2%
3.7%
AVB
Higher net margin
AVB
AVB
9034.6% more per $
AVB
9040.6%
6.0%
BILI
Faster 2-yr revenue CAGR
BILI
BILI
Annualised
BILI
27.3%
3.8%
AVB

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AVB
AVB
BILI
BILI
Revenue
$767.9M
$1.3B
Net Profit
$166.0M
$75.7M
Gross Margin
37.0%
Operating Margin
64.2%
5.8%
Net Margin
9040.6%
6.0%
Revenue YoY
3.7%
26.2%
Net Profit YoY
-41.2%
143.0%
EPS (diluted)
$1.18
$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
AVB
AVB
BILI
BILI
Q4 25
$767.9M
$1.3B
Q3 25
$766.8M
$1.1B
Q2 25
$760.2M
$1.0B
Q1 25
$745.9M
$965.1M
Q4 24
$740.5M
$1.0B
Q3 24
$734.3M
$1.0B
Q2 24
$726.0M
$843.1M
Q1 24
$712.9M
$784.5M
Net Profit
AVB
AVB
BILI
BILI
Q4 25
$166.0M
$75.7M
Q3 25
$381.3M
$65.9M
Q2 25
$268.7M
$30.5M
Q1 25
$236.6M
$-1.5M
Q4 24
$282.1M
$-176.0M
Q3 24
$372.5M
$11.4M
Q2 24
$253.9M
$83.7M
Q1 24
$173.4M
$-105.9M
Gross Margin
AVB
AVB
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
AVB
AVB
BILI
BILI
Q4 25
64.2%
5.8%
Q3 25
65.7%
4.6%
Q2 25
67.6%
3.4%
Q1 25
68.5%
0.2%
Q4 24
63.1%
-16.0%
Q3 24
65.4%
0.9%
Q2 24
66.6%
9.5%
Q1 24
67.2%
-14.5%
Net Margin
AVB
AVB
BILI
BILI
Q4 25
9040.6%
6.0%
Q3 25
49.7%
6.1%
Q2 25
35.3%
3.0%
Q1 25
31.7%
-0.2%
Q4 24
38.1%
-17.5%
Q3 24
50.7%
1.1%
Q2 24
35.0%
9.9%
Q1 24
24.3%
-13.5%
EPS (diluted)
AVB
AVB
BILI
BILI
Q4 25
$1.18
$1.14
Q3 25
$2.68
$1.05
Q2 25
$1.88
$0.51
Q1 25
$1.66
$0.00
Q4 24
$1.99
$0.21
Q3 24
$2.61
$-0.03
Q2 24
$1.78
$-0.20
Q1 24
$1.22
$-1.80

Balance Sheet & Financial Strength

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

Metric
AVB
AVB
BILI
BILI
Cash + ST InvestmentsLiquidity on hand
$187.2M
$2.7B
Total DebtLower is stronger
$9.3B
$1.4B
Stockholders' EquityBook value
$11.6B
$2.2B
Total Assets
$22.2B
$5.9B
Debt / EquityLower = less leverage
0.80×
0.62×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AVB
AVB
BILI
BILI
Q4 25
$187.2M
$2.7B
Q3 25
$123.3M
$2.4B
Q2 25
$102.8M
Q1 25
$53.3M
$1.9B
Q4 24
$108.6M
$1.8B
Q3 24
$552.4M
$11.7B
Q2 24
$545.8M
Q1 24
$287.9M
$1.1B
Total Debt
AVB
AVB
BILI
BILI
Q4 25
$9.3B
$1.4B
Q3 25
$8.7B
$1.4B
Q2 25
$8.7B
Q1 25
$8.3B
$700.3M
Q4 24
$8.1B
$662.5M
Q3 24
$8.4B
$4.3B
Q2 24
$8.4B
Q1 24
$8.0B
$684.5M
Stockholders' Equity
AVB
AVB
BILI
BILI
Q4 25
$11.6B
$2.2B
Q3 25
$11.9B
$2.1B
Q2 25
$11.9B
Q1 25
$11.9B
$2.0B
Q4 24
$11.9B
$1.9B
Q3 24
$11.9B
$13.7B
Q2 24
$11.7B
Q1 24
$11.7B
$1.9B
Total Assets
AVB
AVB
BILI
BILI
Q4 25
$22.2B
$5.9B
Q3 25
$21.9B
$5.6B
Q2 25
$21.8B
Q1 25
$21.2B
$4.6B
Q4 24
$21.0B
$4.5B
Q3 24
$21.3B
$32.0B
Q2 24
$21.0B
Q1 24
$20.6B
$4.2B
Debt / Equity
AVB
AVB
BILI
BILI
Q4 25
0.80×
0.62×
Q3 25
0.73×
0.65×
Q2 25
0.72×
Q1 25
0.70×
0.35×
Q4 24
0.68×
0.34×
Q3 24
0.70×
0.31×
Q2 24
0.71×
Q1 24
0.68×
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
AVB
AVB
BILI
BILI
Operating Cash FlowLast quarter
$1.7B
$263.1M
Free Cash FlowOCF − Capex
$1.4B
FCF MarginFCF / Revenue
183.5%
Capex IntensityCapex / Revenue
34.1%
Cash ConversionOCF / Net Profit
10.07×
3.47×
TTM Free Cash FlowTrailing 4 quarters
$2.5B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AVB
AVB
BILI
BILI
Q4 25
$1.7B
$263.1M
Q3 25
$477.0M
$283.2M
Q2 25
$377.8M
$277.7M
Q1 25
$415.9M
$179.4M
Q4 24
$1.6B
$191.9M
Q3 24
$486.2M
$2.2B
Q2 24
$380.0M
Q1 24
$412.9M
$88.3M
Free Cash Flow
AVB
AVB
BILI
BILI
Q4 25
$1.4B
Q3 25
$402.2M
Q2 25
$317.1M
Q1 25
$367.5M
$174.5M
Q4 24
$1.4B
Q3 24
$434.2M
Q2 24
$333.0M
Q1 24
$375.4M
FCF Margin
AVB
AVB
BILI
BILI
Q4 25
183.5%
Q3 25
52.5%
Q2 25
41.7%
Q1 25
49.3%
18.1%
Q4 24
191.0%
Q3 24
59.1%
Q2 24
45.9%
Q1 24
52.7%
Capex Intensity
AVB
AVB
BILI
BILI
Q4 25
34.1%
Q3 25
9.8%
Q2 25
8.0%
Q1 25
6.5%
0.5%
Q4 24
26.1%
Q3 24
7.1%
Q2 24
6.5%
Q1 24
5.3%
Cash Conversion
AVB
AVB
BILI
BILI
Q4 25
10.07×
3.47×
Q3 25
1.25×
4.30×
Q2 25
1.41×
9.11×
Q1 25
1.76×
Q4 24
5.70×
Q3 24
1.31×
195.23×
Q2 24
1.50×
Q1 24
2.38×

Financial Flow Comparison

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

Revenue Breakdown by Segment

AVB
AVB

Segment breakdown not available.

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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