vs

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

Avantor, Inc. is the larger business by last-quarter revenue ($1.7B vs $1.3B, roughly 1.3× Bilibili Inc.). Bilibili Inc. runs the higher net margin — 6.0% vs 3.1%, a 2.8% gap on every dollar of revenue. On growth, Bilibili Inc. posted the faster year-over-year revenue change (26.2% vs -1.4%). Over the past eight quarters, Bilibili Inc.'s revenue compounded faster (27.3% CAGR vs -0.5%).

Avantor, Inc. is an American biotechnology, chemicals, and pharmaceutical company headquartered in Radnor, Pennsylvania. Established in 1904 as J.T. Baker, the company changed its name to Avantor in 2010. Avantor went public in 2019 and is now listed on the New York Stock Exchange under the symbol “AVTR”.

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.

AVTR vs BILI — Head-to-Head

Bigger by revenue
AVTR
AVTR
1.3× larger
AVTR
$1.7B
$1.3B
BILI
Growing faster (revenue YoY)
BILI
BILI
+27.5% gap
BILI
26.2%
-1.4%
AVTR
Higher net margin
BILI
BILI
2.8% more per $
BILI
6.0%
3.1%
AVTR
Faster 2-yr revenue CAGR
BILI
BILI
Annualised
BILI
27.3%
-0.5%
AVTR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AVTR
AVTR
BILI
BILI
Revenue
$1.7B
$1.3B
Net Profit
$52.4M
$75.7M
Gross Margin
31.5%
37.0%
Operating Margin
7.6%
5.8%
Net Margin
3.1%
6.0%
Revenue YoY
-1.4%
26.2%
Net Profit YoY
-89.5%
143.0%
EPS (diluted)
$0.08
$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
AVTR
AVTR
BILI
BILI
Q4 25
$1.7B
$1.3B
Q3 25
$1.6B
$1.1B
Q2 25
$1.7B
$1.0B
Q1 25
$1.6B
$965.1M
Q4 24
$1.7B
$1.0B
Q3 24
$1.7B
$1.0B
Q2 24
$1.7B
$843.1M
Q1 24
$1.7B
$784.5M
Net Profit
AVTR
AVTR
BILI
BILI
Q4 25
$52.4M
$75.7M
Q3 25
$-711.8M
$65.9M
Q2 25
$64.7M
$30.5M
Q1 25
$64.5M
$-1.5M
Q4 24
$500.4M
$-176.0M
Q3 24
$57.8M
$11.4M
Q2 24
$92.9M
$83.7M
Q1 24
$60.4M
$-105.9M
Gross Margin
AVTR
AVTR
BILI
BILI
Q4 25
31.5%
37.0%
Q3 25
32.4%
36.7%
Q2 25
32.9%
36.5%
Q1 25
33.8%
36.3%
Q4 24
33.4%
36.2%
Q3 24
32.9%
34.9%
Q2 24
34.1%
29.9%
Q1 24
34.0%
28.3%
Operating Margin
AVTR
AVTR
BILI
BILI
Q4 25
7.6%
5.8%
Q3 25
-40.0%
4.6%
Q2 25
7.7%
3.4%
Q1 25
9.3%
0.2%
Q4 24
37.8%
-16.0%
Q3 24
7.3%
0.9%
Q2 24
10.3%
9.5%
Q1 24
8.7%
-14.5%
Net Margin
AVTR
AVTR
BILI
BILI
Q4 25
3.1%
6.0%
Q3 25
-43.8%
6.1%
Q2 25
3.8%
3.0%
Q1 25
4.1%
-0.2%
Q4 24
29.7%
-17.5%
Q3 24
3.4%
1.1%
Q2 24
5.5%
9.9%
Q1 24
3.6%
-13.5%
EPS (diluted)
AVTR
AVTR
BILI
BILI
Q4 25
$0.08
$1.14
Q3 25
$-1.04
$1.05
Q2 25
$0.09
$0.51
Q1 25
$0.09
$0.00
Q4 24
$0.73
$0.21
Q3 24
$0.08
$-0.03
Q2 24
$0.14
$-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
AVTR
AVTR
BILI
BILI
Cash + ST InvestmentsLiquidity on hand
$365.4M
$2.7B
Total DebtLower is stronger
$3.9B
$1.4B
Stockholders' EquityBook value
$5.6B
$2.2B
Total Assets
$11.8B
$5.9B
Debt / EquityLower = less leverage
0.71×
0.62×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AVTR
AVTR
BILI
BILI
Q4 25
$365.4M
$2.7B
Q3 25
$251.9M
$2.4B
Q2 25
$449.4M
Q1 25
$315.7M
$1.9B
Q4 24
$261.9M
$1.8B
Q3 24
$285.3M
$11.7B
Q2 24
$272.6M
Q1 24
$234.9M
$1.1B
Total Debt
AVTR
AVTR
BILI
BILI
Q4 25
$3.9B
$1.4B
Q3 25
$3.9B
$1.4B
Q2 25
$4.2B
Q1 25
$4.1B
$700.3M
Q4 24
$4.1B
$662.5M
Q3 24
$4.9B
$4.3B
Q2 24
$5.1B
Q1 24
$5.3B
$684.5M
Stockholders' Equity
AVTR
AVTR
BILI
BILI
Q4 25
$5.6B
$2.2B
Q3 25
$5.6B
$2.1B
Q2 25
$6.3B
Q1 25
$6.1B
$2.0B
Q4 24
$6.0B
$1.9B
Q3 24
$5.6B
$13.7B
Q2 24
$5.4B
Q1 24
$5.3B
$1.9B
Total Assets
AVTR
AVTR
BILI
BILI
Q4 25
$11.8B
$5.9B
Q3 25
$11.7B
$5.6B
Q2 25
$12.8B
Q1 25
$12.3B
$4.6B
Q4 24
$12.1B
$4.5B
Q3 24
$12.8B
$32.0B
Q2 24
$12.7B
Q1 24
$12.8B
$4.2B
Debt / Equity
AVTR
AVTR
BILI
BILI
Q4 25
0.71×
0.62×
Q3 25
0.69×
0.65×
Q2 25
0.67×
Q1 25
0.67×
0.35×
Q4 24
0.68×
0.34×
Q3 24
0.89×
0.31×
Q2 24
0.94×
Q1 24
1.00×
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
AVTR
AVTR
BILI
BILI
Operating Cash FlowLast quarter
$152.7M
$263.1M
Free Cash FlowOCF − Capex
$117.2M
FCF MarginFCF / Revenue
7.0%
Capex IntensityCapex / Revenue
2.1%
Cash ConversionOCF / Net Profit
2.91×
3.47×
TTM Free Cash FlowTrailing 4 quarters
$495.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AVTR
AVTR
BILI
BILI
Q4 25
$152.7M
$263.1M
Q3 25
$207.4M
$283.2M
Q2 25
$154.4M
$277.7M
Q1 25
$109.3M
$179.4M
Q4 24
$173.3M
$191.9M
Q3 24
$244.8M
$2.2B
Q2 24
$281.1M
Q1 24
$141.6M
$88.3M
Free Cash Flow
AVTR
AVTR
BILI
BILI
Q4 25
$117.2M
Q3 25
$171.7M
Q2 25
$124.8M
Q1 25
$81.3M
$174.5M
Q4 24
$145.8M
Q3 24
$204.0M
Q2 24
$235.3M
Q1 24
$106.9M
FCF Margin
AVTR
AVTR
BILI
BILI
Q4 25
7.0%
Q3 25
10.6%
Q2 25
7.4%
Q1 25
5.1%
18.1%
Q4 24
8.6%
Q3 24
11.9%
Q2 24
13.8%
Q1 24
6.4%
Capex Intensity
AVTR
AVTR
BILI
BILI
Q4 25
2.1%
Q3 25
2.2%
Q2 25
1.8%
Q1 25
1.8%
0.5%
Q4 24
1.6%
Q3 24
2.4%
Q2 24
2.7%
Q1 24
2.1%
Cash Conversion
AVTR
AVTR
BILI
BILI
Q4 25
2.91×
3.47×
Q3 25
4.30×
Q2 25
2.39×
9.11×
Q1 25
1.69×
Q4 24
0.35×
Q3 24
4.24×
195.23×
Q2 24
3.03×
Q1 24
2.34×

Financial Flow Comparison

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

Revenue Breakdown by Segment

AVTR
AVTR

Laboratory Solutions Segment$1.1B67%
Bioscience Production Segment$547.5M33%

BILI
BILI

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

Related Comparisons