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Side-by-side financial comparison of Bilibili Inc. (BILI) and ESAB Corp (ESAB). Click either name above to swap in a different company.
Bilibili Inc. is the larger business by last-quarter revenue ($1.3B vs $727.8M, roughly 1.7× ESAB Corp). ESAB Corp runs the higher net margin — 7.5% vs 6.0%, a 1.6% gap on every dollar of revenue. On growth, Bilibili Inc. posted the faster year-over-year revenue change (26.2% vs 8.5%). Over the past eight quarters, Bilibili Inc.'s revenue compounded faster (27.3% CAGR vs 2.8%).
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.
ESAB, Elektriska Svetsnings-Aktiebolaget, is an American-Swedish industrial company.
BILI vs ESAB — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.3B | $727.8M |
| Net Profit | $75.7M | $54.8M |
| Gross Margin | 37.0% | 37.0% |
| Operating Margin | 5.8% | 14.6% |
| Net Margin | 6.0% | 7.5% |
| Revenue YoY | 26.2% | 8.5% |
| Net Profit YoY | 143.0% | 2.1% |
| EPS (diluted) | $1.14 | $0.90 |
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 | $1.3B | $727.8M | ||
| Q3 25 | $1.1B | $715.6M | ||
| Q2 25 | $1.0B | $678.1M | ||
| Q1 25 | $965.1M | — | ||
| Q4 24 | $1.0B | $670.8M | ||
| Q3 24 | $1.0B | $673.3M | ||
| Q2 24 | $843.1M | $707.1M | ||
| Q1 24 | $784.5M | $689.7M |
| Q4 25 | $75.7M | $54.8M | ||
| Q3 25 | $65.9M | $66.9M | ||
| Q2 25 | $30.5M | $67.4M | ||
| Q1 25 | $-1.5M | — | ||
| Q4 24 | $-176.0M | $53.7M | ||
| Q3 24 | $11.4M | $68.2M | ||
| Q2 24 | $83.7M | $82.9M | ||
| Q1 24 | $-105.9M | $60.0M |
| Q4 25 | 37.0% | 37.0% | ||
| Q3 25 | 36.7% | 37.2% | ||
| Q2 25 | 36.5% | 37.6% | ||
| Q1 25 | 36.3% | — | ||
| Q4 24 | 36.2% | 38.5% | ||
| Q3 24 | 34.9% | 37.7% | ||
| Q2 24 | 29.9% | 38.2% | ||
| Q1 24 | 28.3% | 37.0% |
| Q4 25 | 5.8% | 14.6% | ||
| Q3 25 | 4.6% | 15.2% | ||
| Q2 25 | 3.4% | 16.2% | ||
| Q1 25 | 0.2% | — | ||
| Q4 24 | -16.0% | 16.6% | ||
| Q3 24 | 0.9% | 15.7% | ||
| Q2 24 | 9.5% | 16.9% | ||
| Q1 24 | -14.5% | 16.0% |
| Q4 25 | 6.0% | 7.5% | ||
| Q3 25 | 6.1% | 9.3% | ||
| Q2 25 | 3.0% | 9.9% | ||
| Q1 25 | -0.2% | — | ||
| Q4 24 | -17.5% | 8.0% | ||
| Q3 24 | 1.1% | 10.1% | ||
| Q2 24 | 9.9% | 11.7% | ||
| Q1 24 | -13.5% | 8.7% |
| Q4 25 | $1.14 | $0.90 | ||
| Q3 25 | $1.05 | $1.09 | ||
| Q2 25 | $0.51 | $1.10 | ||
| Q1 25 | $0.00 | — | ||
| Q4 24 | $0.21 | $0.87 | ||
| Q3 24 | $-0.03 | $1.11 | ||
| Q2 24 | $-0.20 | $1.35 | ||
| Q1 24 | $-1.80 | $0.98 |
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 | $218.2M |
| Total DebtLower is stronger | $1.4B | $1.3B |
| Stockholders' EquityBook value | $2.2B | $2.1B |
| Total Assets | $5.9B | $4.9B |
| Debt / EquityLower = less leverage | 0.62× | 0.63× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.7B | $218.2M | ||
| Q3 25 | $2.4B | $258.2M | ||
| Q2 25 | — | $291.3M | ||
| Q1 25 | $1.9B | — | ||
| Q4 24 | $1.8B | $249.4M | ||
| Q3 24 | $11.7B | $253.7M | ||
| Q2 24 | — | $228.5M | ||
| Q1 24 | $1.1B | $76.5M |
| Q4 25 | $1.4B | $1.3B | ||
| Q3 25 | $1.4B | $1.1B | ||
| Q2 25 | — | $1.1B | ||
| Q1 25 | $700.3M | — | ||
| Q4 24 | $662.5M | $1.1B | ||
| Q3 24 | $4.3B | $1.1B | ||
| Q2 24 | — | $1.1B | ||
| Q1 24 | $684.5M | $992.8M |
| Q4 25 | $2.2B | $2.1B | ||
| Q3 25 | $2.1B | $2.1B | ||
| Q2 25 | — | $1.9B | ||
| Q1 25 | $2.0B | — | ||
| Q4 24 | $1.9B | $1.8B | ||
| Q3 24 | $13.7B | $1.8B | ||
| Q2 24 | — | $1.7B | ||
| Q1 24 | $1.9B | $1.6B |
| Q4 25 | $5.9B | $4.9B | ||
| Q3 25 | $5.6B | $4.4B | ||
| Q2 25 | — | $4.2B | ||
| Q1 25 | $4.6B | — | ||
| Q4 24 | $4.5B | $4.0B | ||
| Q3 24 | $32.0B | $4.1B | ||
| Q2 24 | — | $4.0B | ||
| Q1 24 | $4.2B | $3.8B |
| Q4 25 | 0.62× | 0.63× | ||
| Q3 25 | 0.65× | 0.51× | ||
| Q2 25 | — | 0.55× | ||
| Q1 25 | 0.35× | — | ||
| Q4 24 | 0.34× | 0.60× | ||
| Q3 24 | 0.31× | 0.59× | ||
| Q2 24 | — | 0.63× | ||
| Q1 24 | 0.36× | 0.61× |
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 | $81.5M |
| Free Cash FlowOCF − Capex | — | $70.3M |
| FCF MarginFCF / Revenue | — | 9.7% |
| Capex IntensityCapex / Revenue | — | 1.5% |
| Cash ConversionOCF / Net Profit | 3.47× | 1.49× |
| TTM Free Cash FlowTrailing 4 quarters | — | $238.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $263.1M | $81.5M | ||
| Q3 25 | $283.2M | $46.6M | ||
| Q2 25 | $277.7M | $35.4M | ||
| Q1 25 | $179.4M | — | ||
| Q4 24 | $191.9M | $126.9M | ||
| Q3 24 | $2.2B | $101.0M | ||
| Q2 24 | — | $83.0M | ||
| Q1 24 | $88.3M | $44.5M |
| Q4 25 | — | $70.3M | ||
| Q3 25 | — | $37.4M | ||
| Q2 25 | — | $28.1M | ||
| Q1 25 | $174.5M | — | ||
| Q4 24 | — | $102.2M | ||
| Q3 24 | — | $90.4M | ||
| Q2 24 | — | $74.0M | ||
| Q1 24 | — | $37.1M |
| Q4 25 | — | 9.7% | ||
| Q3 25 | — | 5.2% | ||
| Q2 25 | — | 4.1% | ||
| Q1 25 | 18.1% | — | ||
| Q4 24 | — | 15.2% | ||
| Q3 24 | — | 13.4% | ||
| Q2 24 | — | 10.5% | ||
| Q1 24 | — | 5.4% |
| Q4 25 | — | 1.5% | ||
| Q3 25 | — | 1.3% | ||
| Q2 25 | — | 1.1% | ||
| Q1 25 | 0.5% | — | ||
| Q4 24 | — | 3.7% | ||
| Q3 24 | — | 1.6% | ||
| Q2 24 | — | 1.3% | ||
| Q1 24 | — | 1.1% |
| Q4 25 | 3.47× | 1.49× | ||
| Q3 25 | 4.30× | 0.70× | ||
| Q2 25 | 9.11× | 0.53× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 2.36× | ||
| Q3 24 | 195.23× | 1.48× | ||
| Q2 24 | — | 1.00× | ||
| Q1 24 | — | 0.74× |
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% |
ESAB
| Consumable Products | $477.9M | 66% |
| Equipment Products | $249.9M | 34% |
