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Side-by-side financial comparison of Baidu, Inc. (BIDU) and Royal Caribbean Group (RCL). Click either name above to swap in a different company.
Baidu, Inc. is the larger business by last-quarter revenue ($5.0B vs $4.3B, roughly 1.2× Royal Caribbean Group). Royal Caribbean Group runs the higher net margin — 17.7% vs 6.0%, a 11.7% gap on every dollar of revenue. On growth, Baidu, Inc. posted the faster year-over-year revenue change (14.0% vs 13.3%). Over the past eight quarters, Baidu, Inc.'s revenue compounded faster (7.5% CAGR vs 6.9%).
Baidu, Inc. is a Chinese multinational technology company specializing in Internet services and artificial intelligence. It holds a dominant position in China's search engine market, and provides a wide variety of other internet services such as Baidu App, Baidu Baike, iQIYI, and Baidu Tieba.
Royal Caribbean Group, formerly known as Royal Caribbean Cruises Ltd., is a cruise holding company headquartered in Miami, Florida, United States and incorporated in Liberia. It is the world's second-largest cruise line operator, after Carnival Corporation & plc. As of September 2025, Royal Caribbean Group fully owns three cruise lines: Royal Caribbean International, Celebrity Cruises, and Silversea Cruises. It also holds a 50% stake in TUI Cruises, which operates Mein Schiff and Hapag-Lloyd ...
BIDU vs RCL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $5.0B | $4.3B |
| Net Profit | $300.0M | $753.0M |
| Gross Margin | 41.0% | 47.4% |
| Operating Margin | 4.1% | 21.9% |
| Net Margin | 6.0% | 17.7% |
| Revenue YoY | 14.0% | 13.3% |
| Net Profit YoY | -47.1% | 36.4% |
| EPS (diluted) | $0.53 | $2.76 |
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 | $5.0B | $4.3B | ||
| Q3 25 | $4.4B | $5.1B | ||
| Q2 25 | $4.6B | $4.5B | ||
| Q1 25 | $4.5B | $4.0B | ||
| Q4 24 | $4.4B | $3.8B | ||
| Q3 24 | $4.8B | $4.9B | ||
| Q2 24 | $4.7B | $4.1B | ||
| Q1 24 | $4.4B | $3.7B |
| Q4 25 | $300.0M | $753.0M | ||
| Q3 25 | $-1.6B | $1.6B | ||
| Q2 25 | $1.0B | $1.2B | ||
| Q1 25 | $1.1B | $730.0M | ||
| Q4 24 | $567.0M | $552.0M | ||
| Q3 24 | $1.1B | $1.1B | ||
| Q2 24 | $768.0M | $854.0M | ||
| Q1 24 | $811.0M | $360.0M |
| Q4 25 | 41.0% | 47.4% | ||
| Q3 25 | 41.2% | 51.8% | ||
| Q2 25 | 43.9% | 49.7% | ||
| Q1 25 | 46.1% | 48.0% | ||
| Q4 24 | 49.9% | 45.4% | ||
| Q3 24 | 51.1% | 51.1% | ||
| Q2 24 | 51.7% | 47.6% | ||
| Q1 24 | 51.5% | 44.8% |
| Q4 25 | 4.1% | 21.9% | ||
| Q3 25 | -48.4% | 33.1% | ||
| Q2 25 | 10.0% | 29.3% | ||
| Q1 25 | 13.9% | 23.6% | ||
| Q4 24 | 11.1% | 16.6% | ||
| Q3 24 | 17.6% | 33.4% | ||
| Q2 24 | 17.5% | 26.7% | ||
| Q1 24 | 17.4% | 20.1% |
| Q4 25 | 6.0% | 17.7% | ||
| Q3 25 | -36.3% | 30.6% | ||
| Q2 25 | 22.2% | 26.7% | ||
| Q1 25 | 24.1% | 18.3% | ||
| Q4 24 | 12.8% | 14.7% | ||
| Q3 24 | 23.2% | 22.7% | ||
| Q2 24 | 16.4% | 20.8% | ||
| Q1 24 | 18.6% | 9.7% |
| Q4 25 | $0.53 | $2.76 | ||
| Q3 25 | $-4.76 | $5.74 | ||
| Q2 25 | $2.84 | $4.41 | ||
| Q1 25 | $2.98 | $2.70 | ||
| Q4 24 | $1.95 | $2.27 | ||
| Q3 24 | $3.08 | $4.21 | ||
| Q2 24 | — | $3.11 | ||
| Q1 24 | $2.07 | $1.35 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $16.5B | $825.0M |
| Total DebtLower is stronger | $5.9B | $18.2B |
| Stockholders' EquityBook value | $38.1B | $10.0B |
| Total Assets | $64.2B | $41.6B |
| Debt / EquityLower = less leverage | 0.16× | 1.81× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $16.5B | $825.0M | ||
| Q3 25 | $17.5B | $432.0M | ||
| Q2 25 | $17.3B | $735.0M | ||
| Q1 25 | $19.5B | $386.0M | ||
| Q4 24 | $17.5B | $388.0M | ||
| Q3 24 | $18.9B | $418.0M | ||
| Q2 24 | — | $391.0M | ||
| Q1 24 | — | $437.0M |
| Q4 25 | $5.9B | $18.2B | ||
| Q3 25 | $2.5B | $17.2B | ||
| Q2 25 | $2.4B | $17.6B | ||
| Q1 25 | $2.3B | $18.0B | ||
| Q4 24 | $4.9B | $18.5B | ||
| Q3 24 | $2.1B | $19.0B | ||
| Q2 24 | — | $19.8B | ||
| Q1 24 | — | $18.9B |
| Q4 25 | $38.1B | $10.0B | ||
| Q3 25 | $38.6B | $10.1B | ||
| Q2 25 | $39.8B | $9.2B | ||
| Q1 25 | $38.6B | $8.0B | ||
| Q4 24 | $36.1B | $7.6B | ||
| Q3 24 | $38.5B | $7.0B | ||
| Q2 24 | — | $6.0B | ||
| Q1 24 | — | $5.2B |
| Q4 25 | $64.2B | $41.6B | ||
| Q3 25 | $62.4B | $40.1B | ||
| Q2 25 | $62.9B | $38.5B | ||
| Q1 25 | $62.6B | $37.5B | ||
| Q4 24 | $58.6B | $37.1B | ||
| Q3 24 | $59.5B | $37.1B | ||
| Q2 24 | — | $37.0B | ||
| Q1 24 | — | $35.2B |
| Q4 25 | 0.16× | 1.81× | ||
| Q3 25 | 0.07× | 1.70× | ||
| Q2 25 | 0.06× | 1.92× | ||
| Q1 25 | 0.06× | 2.26× | ||
| Q4 24 | 0.14× | 2.44× | ||
| Q3 24 | 0.05× | 2.69× | ||
| Q2 24 | — | 3.29× | ||
| Q1 24 | — | 3.66× |
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 | $1.5B | $1.6B |
| Free Cash FlowOCF − Capex | — | $116.0M |
| FCF MarginFCF / Revenue | — | 2.7% |
| Capex IntensityCapex / Revenue | — | 35.4% |
| Cash ConversionOCF / Net Profit | 5.08× | 2.16× |
| TTM Free Cash FlowTrailing 4 quarters | — | $1.2B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.5B | $1.6B | ||
| Q3 25 | — | $1.5B | ||
| Q2 25 | $-6.3B | $1.7B | ||
| Q1 25 | — | $1.6B | ||
| Q4 24 | $4.0B | $1.5B | ||
| Q3 24 | — | $897.0M | ||
| Q2 24 | $5.3B | $1.6B | ||
| Q1 24 | — | $1.3B |
| Q4 25 | — | $116.0M | ||
| Q3 25 | — | $-989.0M | ||
| Q2 25 | — | $910.0M | ||
| Q1 25 | — | $1.2B | ||
| Q4 24 | — | $915.0M | ||
| Q3 24 | — | $563.0M | ||
| Q2 24 | — | $-567.0M | ||
| Q1 24 | — | $1.1B |
| Q4 25 | — | 2.7% | ||
| Q3 25 | — | -19.2% | ||
| Q2 25 | — | 20.1% | ||
| Q1 25 | — | 30.0% | ||
| Q4 24 | — | 24.3% | ||
| Q3 24 | — | 11.5% | ||
| Q2 24 | — | -13.8% | ||
| Q1 24 | — | 29.1% |
| Q4 25 | — | 35.4% | ||
| Q3 25 | — | 47.8% | ||
| Q2 25 | — | 18.4% | ||
| Q1 25 | — | 10.7% | ||
| Q4 24 | — | 14.7% | ||
| Q3 24 | — | 6.8% | ||
| Q2 24 | — | 52.1% | ||
| Q1 24 | — | 6.5% |
| Q4 25 | 5.08× | 2.16× | ||
| Q3 25 | — | 0.93× | ||
| Q2 25 | -6.26× | 1.44× | ||
| Q1 25 | — | 2.23× | ||
| Q4 24 | 7.12× | 2.66× | ||
| Q3 24 | — | 0.81× | ||
| Q2 24 | 6.88× | 1.84× | ||
| Q1 24 | — | 3.69× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BIDU
| Legacy Business | $1.8B | 35% |
| Baidu Core AI-powered Business | $1.6B | 32% |
| Other | $1.3B | 26% |
| Others | $357.5M | 7% |
RCL
| Passenger | $2.9B | 69% |
| Other | $1.3B | 31% |
