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

Deckers Brands is the larger business by last-quarter revenue ($2.0B vs $1.3B, roughly 1.5× Bilibili Inc.). Deckers Brands runs the higher net margin — 24.6% vs 6.0%, a 18.6% gap on every dollar of revenue. On growth, Bilibili Inc. posted the faster year-over-year revenue change (26.2% vs 7.1%). Over the past eight quarters, Deckers Brands's revenue compounded faster (42.8% CAGR vs 27.3%).

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.

Deckers Outdoor Corporation, doing business as Deckers Brands, is an American footwear designer and distributor founded in 1973 and based in Goleta, California. The company's portfolio of brands includes UGG, Teva, and Hoka. It was founded by Doug Otto and Karl F. Lopker.

BILI vs DECK — Head-to-Head

Bigger by revenue
DECK
DECK
1.5× larger
DECK
$2.0B
$1.3B
BILI
Growing faster (revenue YoY)
BILI
BILI
+19.0% gap
BILI
26.2%
7.1%
DECK
Higher net margin
DECK
DECK
18.6% more per $
DECK
24.6%
6.0%
BILI
Faster 2-yr revenue CAGR
DECK
DECK
Annualised
DECK
42.8%
27.3%
BILI

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
BILI
BILI
DECK
DECK
Revenue
$1.3B
$2.0B
Net Profit
$75.7M
$481.1M
Gross Margin
37.0%
59.8%
Operating Margin
5.8%
31.4%
Net Margin
6.0%
24.6%
Revenue YoY
26.2%
7.1%
Net Profit YoY
143.0%
5.3%
EPS (diluted)
$1.14
$3.33

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
DECK
DECK
Q4 25
$1.3B
$2.0B
Q3 25
$1.1B
$1.4B
Q2 25
$1.0B
$964.5M
Q1 25
$965.1M
$1.0B
Q4 24
$1.0B
$1.8B
Q3 24
$1.0B
$1.3B
Q2 24
$843.1M
$825.3M
Q1 24
$784.5M
$959.8M
Net Profit
BILI
BILI
DECK
DECK
Q4 25
$75.7M
$481.1M
Q3 25
$65.9M
$268.2M
Q2 25
$30.5M
$139.2M
Q1 25
$-1.5M
$151.4M
Q4 24
$-176.0M
$456.7M
Q3 24
$11.4M
$242.3M
Q2 24
$83.7M
$115.6M
Q1 24
$-105.9M
$127.5M
Gross Margin
BILI
BILI
DECK
DECK
Q4 25
37.0%
59.8%
Q3 25
36.7%
56.2%
Q2 25
36.5%
55.8%
Q1 25
36.3%
56.7%
Q4 24
36.2%
60.3%
Q3 24
34.9%
55.9%
Q2 24
29.9%
56.9%
Q1 24
28.3%
56.2%
Operating Margin
BILI
BILI
DECK
DECK
Q4 25
5.8%
31.4%
Q3 25
4.6%
22.8%
Q2 25
3.4%
17.1%
Q1 25
0.2%
17.0%
Q4 24
-16.0%
31.0%
Q3 24
0.9%
23.3%
Q2 24
9.5%
16.1%
Q1 24
-14.5%
15.0%
Net Margin
BILI
BILI
DECK
DECK
Q4 25
6.0%
24.6%
Q3 25
6.1%
18.7%
Q2 25
3.0%
14.4%
Q1 25
-0.2%
14.8%
Q4 24
-17.5%
25.0%
Q3 24
1.1%
18.5%
Q2 24
9.9%
14.0%
Q1 24
-13.5%
13.3%
EPS (diluted)
BILI
BILI
DECK
DECK
Q4 25
$1.14
$3.33
Q3 25
$1.05
$1.82
Q2 25
$0.51
$0.93
Q1 25
$0.00
$-2.78
Q4 24
$0.21
$3.00
Q3 24
$-0.03
$1.59
Q2 24
$-0.20
$4.52
Q1 24
$-1.80
$4.82

Balance Sheet & Financial Strength

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

Metric
BILI
BILI
DECK
DECK
Cash + ST InvestmentsLiquidity on hand
$2.7B
$2.1B
Total DebtLower is stronger
$1.4B
Stockholders' EquityBook value
$2.2B
$2.6B
Total Assets
$5.9B
$4.1B
Debt / EquityLower = less leverage
0.62×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BILI
BILI
DECK
DECK
Q4 25
$2.7B
$2.1B
Q3 25
$2.4B
$1.4B
Q2 25
$1.7B
Q1 25
$1.9B
$1.9B
Q4 24
$1.8B
$2.2B
Q3 24
$11.7B
$1.2B
Q2 24
$1.4B
Q1 24
$1.1B
$1.5B
Total Debt
BILI
BILI
DECK
DECK
Q4 25
$1.4B
Q3 25
$1.4B
Q2 25
Q1 25
$700.3M
Q4 24
$662.5M
Q3 24
$4.3B
Q2 24
Q1 24
$684.5M
Stockholders' Equity
BILI
BILI
DECK
DECK
Q4 25
$2.2B
$2.6B
Q3 25
$2.1B
$2.5B
Q2 25
$2.5B
Q1 25
$2.0B
$2.5B
Q4 24
$1.9B
$2.6B
Q3 24
$13.7B
$2.2B
Q2 24
$2.1B
Q1 24
$1.9B
$2.1B
Total Assets
BILI
BILI
DECK
DECK
Q4 25
$5.9B
$4.1B
Q3 25
$5.6B
$3.8B
Q2 25
$3.8B
Q1 25
$4.6B
$3.6B
Q4 24
$4.5B
$4.0B
Q3 24
$32.0B
$3.4B
Q2 24
$3.3B
Q1 24
$4.2B
$3.1B
Debt / Equity
BILI
BILI
DECK
DECK
Q4 25
0.62×
Q3 25
0.65×
Q2 25
Q1 25
0.35×
Q4 24
0.34×
Q3 24
0.31×
Q2 24
Q1 24
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
BILI
BILI
DECK
DECK
Operating Cash FlowLast quarter
$263.1M
$1.0B
Free Cash FlowOCF − Capex
$1.0B
FCF MarginFCF / Revenue
52.1%
Capex IntensityCapex / Revenue
1.1%
Cash ConversionOCF / Net Profit
3.47×
2.17×
TTM Free Cash FlowTrailing 4 quarters
$929.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BILI
BILI
DECK
DECK
Q4 25
$263.1M
$1.0B
Q3 25
$283.2M
$8.1M
Q2 25
$277.7M
$36.1M
Q1 25
$179.4M
$-73.0M
Q4 24
$191.9M
$1.1B
Q3 24
$2.2B
$-90.5M
Q2 24
$112.7M
Q1 24
$88.3M
$-28.7M
Free Cash Flow
BILI
BILI
DECK
DECK
Q4 25
$1.0B
Q3 25
$-13.9M
Q2 25
$12.2M
Q1 25
$174.5M
$-89.4M
Q4 24
$1.1B
Q3 24
$-113.4M
Q2 24
$90.1M
Q1 24
$-44.0M
FCF Margin
BILI
BILI
DECK
DECK
Q4 25
52.1%
Q3 25
-1.0%
Q2 25
1.3%
Q1 25
18.1%
-8.8%
Q4 24
58.6%
Q3 24
-8.6%
Q2 24
10.9%
Q1 24
-4.6%
Capex Intensity
BILI
BILI
DECK
DECK
Q4 25
1.1%
Q3 25
1.5%
Q2 25
2.5%
Q1 25
0.5%
1.6%
Q4 24
1.3%
Q3 24
1.7%
Q2 24
2.7%
Q1 24
1.6%
Cash Conversion
BILI
BILI
DECK
DECK
Q4 25
3.47×
2.17×
Q3 25
4.30×
0.03×
Q2 25
9.11×
0.26×
Q1 25
-0.48×
Q4 24
2.40×
Q3 24
195.23×
-0.37×
Q2 24
0.97×
Q1 24
-0.22×

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%

DECK
DECK

UGG Brand Segment$1.3B67%
Hoka Brand Segment$628.9M32%
Other Brands Segment$23.2M1%

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