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Side-by-side financial comparison of Bilibili Inc. (BILI) and CVR ENERGY INC (CVI). Click either name above to swap in a different company.

CVR ENERGY INC is the larger business by last-quarter revenue ($2.0B vs $1.3B, roughly 1.6× Bilibili Inc.). Bilibili Inc. runs the higher net margin — 6.0% vs -8.1%, a 14.0% gap on every dollar of revenue. On growth, Bilibili Inc. posted the faster year-over-year revenue change (26.2% vs 20.3%). Over the past eight quarters, Bilibili Inc.'s revenue compounded faster (27.3% CAGR vs 0.3%).

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.

CVR Energy Inc is a United States-based energy holding company operating two core segments: petroleum refining and nitrogen fertilizer manufacturing. It produces a wide range of products including gasoline, diesel, jet fuel, and agricultural fertilizers, primarily serving commercial, industrial and agricultural customers across North America.

BILI vs CVI — Head-to-Head

Bigger by revenue
CVI
CVI
1.6× larger
CVI
$2.0B
$1.3B
BILI
Growing faster (revenue YoY)
BILI
BILI
+5.9% gap
BILI
26.2%
20.3%
CVI
Higher net margin
BILI
BILI
14.0% more per $
BILI
6.0%
-8.1%
CVI
Faster 2-yr revenue CAGR
BILI
BILI
Annualised
BILI
27.3%
0.3%
CVI

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
BILI
BILI
CVI
CVI
Revenue
$1.3B
$2.0B
Net Profit
$75.7M
$-160.0M
Gross Margin
37.0%
-5.2%
Operating Margin
5.8%
Net Margin
6.0%
-8.1%
Revenue YoY
26.2%
20.3%
Net Profit YoY
143.0%
-56.1%
EPS (diluted)
$1.14
$-1.91

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
BILI
BILI
CVI
CVI
Q1 26
$2.0B
Q4 25
$1.3B
$1.8B
Q3 25
$1.1B
$1.9B
Q2 25
$1.0B
$1.8B
Q1 25
$965.1M
$1.6B
Q4 24
$1.0B
$1.9B
Q3 24
$1.0B
$1.8B
Q2 24
$843.1M
$2.0B
Net Profit
BILI
BILI
CVI
CVI
Q1 26
$-160.0M
Q4 25
$75.7M
$-110.0M
Q3 25
$65.9M
$374.0M
Q2 25
$30.5M
$-114.0M
Q1 25
$-1.5M
$-123.0M
Q4 24
$-176.0M
$28.0M
Q3 24
$11.4M
$-124.0M
Q2 24
$83.7M
$21.0M
Gross Margin
BILI
BILI
CVI
CVI
Q1 26
-5.2%
Q4 25
37.0%
-3.1%
Q3 25
36.7%
28.8%
Q2 25
36.5%
-3.7%
Q1 25
36.3%
-5.5%
Q4 24
36.2%
3.0%
Q3 24
34.9%
-3.9%
Q2 24
29.9%
2.9%
Operating Margin
BILI
BILI
CVI
CVI
Q1 26
Q4 25
5.8%
-5.3%
Q3 25
4.6%
26.3%
Q2 25
3.4%
-5.8%
Q1 25
0.2%
-8.0%
Q4 24
-16.0%
1.1%
Q3 24
0.9%
-6.2%
Q2 24
9.5%
1.4%
Net Margin
BILI
BILI
CVI
CVI
Q1 26
-8.1%
Q4 25
6.0%
-6.1%
Q3 25
6.1%
19.2%
Q2 25
3.0%
-6.5%
Q1 25
-0.2%
-7.5%
Q4 24
-17.5%
1.4%
Q3 24
1.1%
-6.8%
Q2 24
9.9%
1.1%
EPS (diluted)
BILI
BILI
CVI
CVI
Q1 26
$-1.91
Q4 25
$1.14
$-1.09
Q3 25
$1.05
$3.72
Q2 25
$0.51
$-1.14
Q1 25
$0.00
$-1.22
Q4 24
$0.21
$0.28
Q3 24
$-0.03
$-1.24
Q2 24
$-0.20
$0.21

Balance Sheet & Financial Strength

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

Metric
BILI
BILI
CVI
CVI
Cash + ST InvestmentsLiquidity on hand
$2.7B
$512.0M
Total DebtLower is stronger
$1.4B
Stockholders' EquityBook value
$2.2B
Total Assets
$5.9B
$3.9B
Debt / EquityLower = less leverage
0.62×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BILI
BILI
CVI
CVI
Q1 26
$512.0M
Q4 25
$2.7B
$511.0M
Q3 25
$2.4B
$670.0M
Q2 25
$596.0M
Q1 25
$1.9B
$695.0M
Q4 24
$1.8B
$987.0M
Q3 24
$11.7B
$534.0M
Q2 24
$586.0M
Total Debt
BILI
BILI
CVI
CVI
Q1 26
Q4 25
$1.4B
$1.8B
Q3 25
$1.4B
$1.8B
Q2 25
$1.8B
Q1 25
$700.3M
$1.9B
Q4 24
$662.5M
$1.9B
Q3 24
$4.3B
$1.6B
Q2 24
$1.6B
Stockholders' Equity
BILI
BILI
CVI
CVI
Q1 26
Q4 25
$2.2B
$730.0M
Q3 25
$2.1B
$840.0M
Q2 25
$466.0M
Q1 25
$2.0B
$580.0M
Q4 24
$1.9B
$703.0M
Q3 24
$13.7B
$675.0M
Q2 24
$849.0M
Total Assets
BILI
BILI
CVI
CVI
Q1 26
$3.9B
Q4 25
$5.9B
$3.7B
Q3 25
$5.6B
$4.0B
Q2 25
$4.0B
Q1 25
$4.6B
$4.3B
Q4 24
$4.5B
$4.3B
Q3 24
$32.0B
$3.9B
Q2 24
$4.0B
Debt / Equity
BILI
BILI
CVI
CVI
Q1 26
Q4 25
0.62×
2.40×
Q3 25
0.65×
2.17×
Q2 25
3.97×
Q1 25
0.35×
3.29×
Q4 24
0.34×
2.71×
Q3 24
0.31×
2.33×
Q2 24
1.86×

Cash Flow & Capital Efficiency

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

Metric
BILI
BILI
CVI
CVI
Operating Cash FlowLast quarter
$263.1M
Free Cash FlowOCF − Capex
$21.0M
FCF MarginFCF / Revenue
1.1%
Capex IntensityCapex / Revenue
1.5%
Cash ConversionOCF / Net Profit
3.47×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BILI
BILI
CVI
CVI
Q1 26
Q4 25
$263.1M
$0
Q3 25
$283.2M
$163.0M
Q2 25
$277.7M
$176.0M
Q1 25
$179.4M
$-195.0M
Q4 24
$191.9M
$98.0M
Q3 24
$2.2B
$48.0M
Q2 24
$81.0M
Free Cash Flow
BILI
BILI
CVI
CVI
Q1 26
$21.0M
Q4 25
Q3 25
$125.0M
Q2 25
$135.0M
Q1 25
$174.5M
$-246.0M
Q4 24
$43.0M
Q3 24
$14.0M
Q2 24
$38.0M
FCF Margin
BILI
BILI
CVI
CVI
Q1 26
1.1%
Q4 25
Q3 25
6.4%
Q2 25
7.7%
Q1 25
18.1%
-14.9%
Q4 24
2.2%
Q3 24
0.8%
Q2 24
1.9%
Capex Intensity
BILI
BILI
CVI
CVI
Q1 26
1.5%
Q4 25
3.0%
Q3 25
2.0%
Q2 25
2.3%
Q1 25
0.5%
3.1%
Q4 24
2.8%
Q3 24
1.9%
Q2 24
2.2%
Cash Conversion
BILI
BILI
CVI
CVI
Q1 26
Q4 25
3.47×
Q3 25
4.30×
0.44×
Q2 25
9.11×
Q1 25
Q4 24
3.50×
Q3 24
195.23×
Q2 24
3.86×

Financial Flow Comparison

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

Revenue Breakdown by Segment

BILI
BILI

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

CVI
CVI

Segment breakdown not available.

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