How do Baidu, Inc. and Smurfit Westrock compare by revenue?

Baidu, Inc. reported revenue of $5.0B in Q4 FY2025, while Smurfit Westrock reported $7.6B in Q4 FY2025. Smurfit Westrock is 1.5× larger by last-quarter revenue.

Which is growing revenue faster, Baidu, Inc. or Smurfit Westrock?

Baidu, Inc.'s latest revenue grew 14.0% year-over-year, versus 0.5% for Smurfit Westrock. Baidu, Inc. is growing faster on a YoY basis.

Which has a higher gross margin, Baidu, Inc. or Smurfit Westrock?

Baidu, Inc.'s gross margin is 41.0% vs Smurfit Westrock's 18.2%. Baidu, Inc. converts more of each revenue dollar into gross profit.

Which has a higher net margin, Baidu, Inc. or Smurfit Westrock?

Baidu, Inc.'s net margin is 6.0% vs Smurfit Westrock's 1.3%. Baidu, Inc. has the higher bottom-line margin.

What is the 2-year revenue CAGR for Baidu, Inc. vs Smurfit Westrock?

Over the trailing 8 quarters, Baidu, Inc. compounded revenue at roughly 7.5% per year, versus 60.8% for Smurfit Westrock. Smurfit Westrock has the faster medium-term growth trajectory.

Where does this BIDU vs SW data come from?

All figures are parsed directly from SEC EDGAR 10-Q / 10-K / 20-F / 6-K filings (for US-listed issuers) or EDINET filings (for Japanese issuers), then normalised into a common schema. Numbers update automatically as new filings are released.

vs

Side-by-side financial comparison of Baidu, Inc. (BIDU) and Smurfit Westrock (SW). Click either name above to swap in a different company.

Smurfit Westrock is the larger business by last-quarter revenue ($7.6B vs $5.0B, roughly 1.5× Baidu, Inc.). Baidu, Inc. runs the higher net margin — 6.0% vs 1.3%, a 4.7% gap on every dollar of revenue. On growth, Baidu, Inc. posted the faster year-over-year revenue change (14.0% vs 0.5%). Over the past eight quarters, Smurfit Westrock's revenue compounded faster (60.8% CAGR vs 7.5%).

Baidu, Inc.BIDUEarnings & Financial Report

Nasdaq · Information Technology · Internet

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.

Smurfit WestrockSWEarnings & Financial Report

NYSE · Materials · Paper & Plastic Packaging Products & Materials

Smurfit Westrock plc is an Irish company based in Dublin, Ireland that manufactures corrugated and paper-based packaging. Its stock is listed on the New York Stock Exchange and the London Stock Exchange.

BIDU vs SW — Head-to-Head

Bigger by revenue

1.5× larger

$7.6B

$5.0B

Growing faster (revenue YoY)

BIDU

+13.4% gap

14.0%

0.5%

Higher net margin

BIDU

4.7% more per $

6.0%

1.3%

Faster 2-yr revenue CAGR

Annualised

60.8%

7.5%

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric	BIDU	SW
Revenue	$5.0B	$7.6B
Net Profit	$300.0M	$97.0M
Gross Margin	41.0%	18.2%
Operating Margin	4.1%	5.1%
Net Margin	6.0%	1.3%
Revenue YoY	14.0%	0.5%
Net Profit YoY	-47.1%	-33.6%
EPS (diluted)	$0.53	$0.18

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

BIDU

Q4 25	$5.0B	$7.6B
Q3 25	$4.4B	$8.0B
Q2 25	$4.6B	$7.9B
Q1 25	$4.5B	$7.7B
Q4 24	$4.4B	$7.5B
Q3 24	$4.8B	$7.7B
Q2 24	$4.7B	$3.0B
Q1 24	$4.4B	$2.9B

Net Profit

BIDU

Q4 25	$300.0M	$97.0M
Q3 25	$-1.6B	$246.0M
Q2 25	$1.0B	$-28.0M
Q1 25	$1.1B	$384.0M
Q4 24	$567.0M	$146.0M
Q3 24	$1.1B	$-150.0M
Q2 24	$768.0M	$132.0M
Q1 24	$811.0M	$191.0M

Gross Margin

BIDU

Q4 25	41.0%	18.2%
Q3 25	41.2%	19.6%
Q2 25	43.9%	19.1%
Q1 25	46.1%	20.6%
Q4 24	49.9%	19.1%
Q3 24	51.1%	17.6%
Q2 24	51.7%	23.3%
Q1 24	51.5%	24.2%

Operating Margin

BIDU

Q4 25	4.1%	5.1%
Q3 25	-48.4%	6.6%
Q2 25	10.0%	3.2%
Q1 25	13.9%	7.2%
Q4 24	11.1%	5.3%
Q3 24	17.6%	0.7%
Q2 24	17.5%	8.2%
Q1 24	17.4%	10.5%

Net Margin

BIDU

Q4 25	6.0%	1.3%
Q3 25	-36.3%	3.1%
Q2 25	22.2%	-0.4%
Q1 25	24.1%	5.0%
Q4 24	12.8%	1.9%
Q3 24	23.2%	-2.0%
Q2 24	16.4%	4.4%
Q1 24	18.6%	6.5%

EPS (diluted)

BIDU

Q4 25	$0.53	$0.18
Q3 25	$-4.76	$0.47
Q2 25	$2.84	$-0.05
Q1 25	$2.98	$0.73
Q4 24	$1.95	$-0.12
Q3 24	$3.08	$-0.30
Q2 24	—	$0.51
Q1 24	$2.07	$0.73

Balance Sheet & Financial Strength

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

Metric	BIDU	SW
Cash + ST InvestmentsLiquidity on hand	$16.5B	$892.0M
Total DebtLower is stronger	$5.9B	$13.4B
Stockholders' EquityBook value	$38.1B	$18.3B
Total Assets	$64.2B	$45.2B
Debt / EquityLower = less leverage	0.16×	0.73×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments

BIDU

Q4 25	$16.5B	$892.0M
Q3 25	$17.5B	$851.0M
Q2 25	$17.3B	$778.0M
Q1 25	$19.5B	$797.0M
Q4 24	$17.5B	$855.0M
Q3 24	$18.9B	—
Q2 24	—	$26.8K
Q1 24	—	$108

Total Debt

BIDU

Q4 25	$5.9B	$13.4B
Q3 25	$2.5B	$13.3B
Q2 25	$2.4B	$13.3B
Q1 25	$2.3B	$12.9B
Q4 24	$4.9B	$12.5B
Q3 24	$2.1B	$13.2B
Q2 24	—	—
Q1 24	—	—

Stockholders' Equity

BIDU

Q4 25	$38.1B	$18.3B
Q3 25	$38.6B	$18.4B
Q2 25	$39.8B	$18.3B
Q1 25	$38.6B	$17.9B
Q4 24	$36.1B	$17.4B
Q3 24	$38.5B	$18.0B
Q2 24	—	$14.5K
Q1 24	—	$108

Total Assets

BIDU

Q4 25	$64.2B	$45.2B
Q3 25	$62.4B	$45.6B
Q2 25	$62.9B	$45.7B
Q1 25	$62.6B	$44.6B
Q4 24	$58.6B	$43.8B
Q3 24	$59.5B	$45.0B
Q2 24	—	$26.8K
Q1 24	—	$108

Debt / Equity

BIDU

Q4 25	0.16×	0.73×
Q3 25	0.07×	0.72×
Q2 25	0.06×	0.73×
Q1 25	0.06×	0.72×
Q4 24	0.14×	0.72×
Q3 24	0.05×	0.73×
Q2 24	—	—
Q1 24	—	—

Cash Flow & Capital Efficiency

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

Metric	BIDU	SW
Operating Cash FlowLast quarter	$1.5B	$1.2B
Free Cash FlowOCF − Capex	—	$612.0M
FCF MarginFCF / Revenue	—	8.1%
Capex IntensityCapex / Revenue	—	7.7%
Cash ConversionOCF / Net Profit	5.08×	12.32×
TTM Free Cash FlowTrailing 4 quarters	—	$1.2B