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Side-by-side financial comparison of Bilibili Inc. (BILI) and TopBuild Corp (BLD). Click either name above to swap in a different company.
TopBuild Corp is the larger business by last-quarter revenue ($1.4B vs $1.3B, roughly 1.1× Bilibili Inc.). TopBuild Corp runs the higher net margin — 7.2% vs 6.0%, a 1.3% gap on every dollar of revenue. On growth, Bilibili Inc. posted the faster year-over-year revenue change (26.2% vs 17.2%). Over the past eight quarters, Bilibili Inc.'s revenue compounded faster (27.3% CAGR vs 2.9%).
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.
HashiCorp, Inc. is an American software company with a freemium business model based in San Francisco, California. HashiCorp provides tools and products that enable developers, operators and security professionals to provision, secure, run and connect cloud-computing infrastructure. It was founded in 2012 by Mitchell Hashimoto and Armon Dadgar. The company name HashiCorp is a portmanteau of co-founder last name Hashimoto and Corporation.
BILI vs BLD — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.3B | $1.4B |
| Net Profit | $75.7M | $104.8M |
| Gross Margin | 37.0% | 27.7% |
| Operating Margin | 5.8% | 12.1% |
| Net Margin | 6.0% | 7.2% |
| Revenue YoY | 26.2% | 17.2% |
| Net Profit YoY | 143.0% | -15.1% |
| EPS (diluted) | $1.14 | $3.73 |
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.
| Q1 26 | — | $1.4B | ||
| Q4 25 | $1.3B | $1.5B | ||
| Q3 25 | $1.1B | $1.4B | ||
| Q2 25 | $1.0B | $1.3B | ||
| Q1 25 | $965.1M | $1.2B | ||
| Q4 24 | $1.0B | $1.3B | ||
| Q3 24 | $1.0B | $1.4B | ||
| Q2 24 | $843.1M | $1.4B |
| Q1 26 | — | $104.8M | ||
| Q4 25 | $75.7M | $104.5M | ||
| Q3 25 | $65.9M | $142.2M | ||
| Q2 25 | $30.5M | $151.6M | ||
| Q1 25 | $-1.5M | $123.4M | ||
| Q4 24 | $-176.0M | $150.5M | ||
| Q3 24 | $11.4M | $169.0M | ||
| Q2 24 | $83.7M | $150.7M |
| Q1 26 | — | 27.7% | ||
| Q4 25 | 37.0% | 27.2% | ||
| Q3 25 | 36.7% | 30.1% | ||
| Q2 25 | 36.5% | 30.4% | ||
| Q1 25 | 36.3% | 28.5% | ||
| Q4 24 | 36.2% | 29.9% | ||
| Q3 24 | 34.9% | 30.7% | ||
| Q2 24 | 29.9% | 31.0% |
| Q1 26 | — | 12.1% | ||
| Q4 25 | 5.8% | 12.1% | ||
| Q3 25 | 4.6% | 15.4% | ||
| Q2 25 | 3.4% | 16.9% | ||
| Q1 25 | 0.2% | 14.4% | ||
| Q4 24 | -16.0% | 16.6% | ||
| Q3 24 | 0.9% | 17.8% | ||
| Q2 24 | 9.5% | 15.4% |
| Q1 26 | — | 7.2% | ||
| Q4 25 | 6.0% | 7.0% | ||
| Q3 25 | 6.1% | 10.2% | ||
| Q2 25 | 3.0% | 11.7% | ||
| Q1 25 | -0.2% | 10.0% | ||
| Q4 24 | -17.5% | 11.5% | ||
| Q3 24 | 1.1% | 12.3% | ||
| Q2 24 | 9.9% | 11.0% |
| Q1 26 | — | $3.73 | ||
| Q4 25 | $1.14 | $3.69 | ||
| Q3 25 | $1.05 | $5.04 | ||
| Q2 25 | $0.51 | $5.32 | ||
| Q1 25 | $0.00 | $4.23 | ||
| Q4 24 | $0.21 | $5.07 | ||
| Q3 24 | $-0.03 | $5.65 | ||
| Q2 24 | $-0.20 | $4.78 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $2.7B | $268.8M |
| Total DebtLower is stronger | $1.4B | $2.8B |
| Stockholders' EquityBook value | $2.2B | $2.4B |
| Total Assets | $5.9B | $6.7B |
| Debt / EquityLower = less leverage | 0.62× | 1.18× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $268.8M | ||
| Q4 25 | $2.7B | $184.7M | ||
| Q3 25 | $2.4B | $1.1B | ||
| Q2 25 | — | $842.5M | ||
| Q1 25 | $1.9B | $308.8M | ||
| Q4 24 | $1.8B | $400.3M | ||
| Q3 24 | $11.7B | $257.3M | ||
| Q2 24 | — | $463.2M |
| Q1 26 | — | $2.8B | ||
| Q4 25 | $1.4B | $2.8B | ||
| Q3 25 | $1.4B | $2.9B | ||
| Q2 25 | — | $1.9B | ||
| Q1 25 | $700.3M | $1.4B | ||
| Q4 24 | $662.5M | $1.4B | ||
| Q3 24 | $4.3B | $1.4B | ||
| Q2 24 | — | $1.4B |
| Q1 26 | — | $2.4B | ||
| Q4 25 | $2.2B | $2.3B | ||
| Q3 25 | $2.1B | $2.2B | ||
| Q2 25 | — | $2.1B | ||
| Q1 25 | $2.0B | $2.1B | ||
| Q4 24 | $1.9B | $2.2B | ||
| Q3 24 | $13.7B | $2.1B | ||
| Q2 24 | — | $2.4B |
| Q1 26 | — | $6.7B | ||
| Q4 25 | $5.9B | $6.6B | ||
| Q3 25 | $5.6B | $6.4B | ||
| Q2 25 | — | $5.1B | ||
| Q1 25 | $4.6B | $4.6B | ||
| Q4 24 | $4.5B | $4.7B | ||
| Q3 24 | $32.0B | $4.7B | ||
| Q2 24 | — | $4.9B |
| Q1 26 | — | 1.18× | ||
| Q4 25 | 0.62× | 1.23× | ||
| Q3 25 | 0.65× | 1.29× | ||
| Q2 25 | — | 0.88× | ||
| Q1 25 | 0.35× | 0.65× | ||
| Q4 24 | 0.34× | 0.62× | ||
| Q3 24 | 0.31× | 0.66× | ||
| Q2 24 | — | 0.59× |
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 | $263.1M | $160.7M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 3.47× | 1.53× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $160.7M | ||
| Q4 25 | $263.1M | $176.7M | ||
| Q3 25 | $283.2M | $233.3M | ||
| Q2 25 | $277.7M | $193.7M | ||
| Q1 25 | $179.4M | $152.6M | ||
| Q4 24 | $191.9M | $266.2M | ||
| Q3 24 | $2.2B | $240.7M | ||
| Q2 24 | — | $90.4M |
| Q1 26 | — | — | ||
| Q4 25 | — | $159.4M | ||
| Q3 25 | — | $216.2M | ||
| Q2 25 | — | $182.2M | ||
| Q1 25 | $174.5M | $139.2M | ||
| Q4 24 | — | $253.7M | ||
| Q3 24 | — | $219.8M | ||
| Q2 24 | — | $74.3M |
| Q1 26 | — | — | ||
| Q4 25 | — | 10.7% | ||
| Q3 25 | — | 15.5% | ||
| Q2 25 | — | 14.0% | ||
| Q1 25 | 18.1% | 11.3% | ||
| Q4 24 | — | 19.3% | ||
| Q3 24 | — | 16.0% | ||
| Q2 24 | — | 5.4% |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.2% | ||
| Q3 25 | — | 1.2% | ||
| Q2 25 | — | 0.9% | ||
| Q1 25 | 0.5% | 1.1% | ||
| Q4 24 | — | 1.0% | ||
| Q3 24 | — | 1.5% | ||
| Q2 24 | — | 1.2% |
| Q1 26 | — | 1.53× | ||
| Q4 25 | 3.47× | 1.69× | ||
| Q3 25 | 4.30× | 1.64× | ||
| Q2 25 | 9.11× | 1.28× | ||
| Q1 25 | — | 1.24× | ||
| Q4 24 | — | 1.77× | ||
| Q3 24 | 195.23× | 1.42× | ||
| Q2 24 | — | 0.60× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
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% |
BLD
| Installation Services | $651.1M | 45% |
| Specialty Distribution | $562.9M | 39% |
| Other | $231.8M | 16% |
