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Side-by-side financial comparison of Bilibili Inc. (BILI) and F&G Annuities & Life, Inc. (FG). Click either name above to swap in a different company.

F&G Annuities & Life, Inc. is the larger business by last-quarter revenue ($1.8B vs $1.3B, roughly 1.4× Bilibili Inc.). F&G Annuities & Life, Inc. runs the higher net margin — 7.3% 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 13.2%). Over the past eight quarters, Bilibili Inc.'s revenue compounded faster (27.3% CAGR vs 6.1%).

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.

F&G Annuities & Life, Inc. is a public company headquartered in Des Moines, Iowa. It primarily provides annuities, life insurance, and pension buyout services. The company was founded in 1959.

BILI vs FG — Head-to-Head

Bigger by revenue
FG
FG
1.4× larger
FG
$1.8B
$1.3B
BILI
Growing faster (revenue YoY)
BILI
BILI
+12.9% gap
BILI
26.2%
13.2%
FG
Higher net margin
FG
FG
1.3% more per $
FG
7.3%
6.0%
BILI
Faster 2-yr revenue CAGR
BILI
BILI
Annualised
BILI
27.3%
6.1%
FG

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BILI
BILI
FG
FG
Revenue
$1.3B
$1.8B
Net Profit
$75.7M
$128.0M
Gross Margin
37.0%
Operating Margin
5.8%
Net Margin
6.0%
7.3%
Revenue YoY
26.2%
13.2%
Net Profit YoY
143.0%
-60.9%
EPS (diluted)
$1.14
$0.97

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
FG
FG
Q4 25
$1.3B
$1.8B
Q3 25
$1.1B
$1.7B
Q2 25
$1.0B
$1.4B
Q1 25
$965.1M
$908.0M
Q4 24
$1.0B
$1.6B
Q3 24
$1.0B
$1.4B
Q2 24
$843.1M
$1.2B
Q1 24
$784.5M
$1.6B
Net Profit
BILI
BILI
FG
FG
Q4 25
$75.7M
$128.0M
Q3 25
$65.9M
$118.0M
Q2 25
$30.5M
$40.0M
Q1 25
$-1.5M
$-21.0M
Q4 24
$-176.0M
$327.0M
Q3 24
$11.4M
$-6.0M
Q2 24
$83.7M
$203.0M
Q1 24
$-105.9M
$115.0M
Gross Margin
BILI
BILI
FG
FG
Q4 25
37.0%
Q3 25
36.7%
Q2 25
36.5%
Q1 25
36.3%
Q4 24
36.2%
Q3 24
34.9%
Q2 24
29.9%
Q1 24
28.3%
Operating Margin
BILI
BILI
FG
FG
Q4 25
5.8%
Q3 25
4.6%
Q2 25
3.4%
Q1 25
0.2%
Q4 24
-16.0%
Q3 24
0.9%
Q2 24
9.5%
Q1 24
-14.5%
Net Margin
BILI
BILI
FG
FG
Q4 25
6.0%
7.3%
Q3 25
6.1%
7.0%
Q2 25
3.0%
2.9%
Q1 25
-0.2%
-2.3%
Q4 24
-17.5%
21.0%
Q3 24
1.1%
-0.4%
Q2 24
9.9%
17.3%
Q1 24
-13.5%
7.3%
EPS (diluted)
BILI
BILI
FG
FG
Q4 25
$1.14
$0.97
Q3 25
$1.05
$0.85
Q2 25
$0.51
$0.26
Q1 25
$0.00
$-0.20
Q4 24
$0.21
$2.53
Q3 24
$-0.03
$-0.08
Q2 24
$-0.20
$1.55
Q1 24
$-1.80
$0.88

Balance Sheet & Financial Strength

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

Metric
BILI
BILI
FG
FG
Cash + ST InvestmentsLiquidity on hand
$2.7B
$1.5B
Total DebtLower is stronger
$1.4B
$2.2B
Stockholders' EquityBook value
$2.2B
$4.8B
Total Assets
$5.9B
$98.4B
Debt / EquityLower = less leverage
0.62×
0.47×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BILI
BILI
FG
FG
Q4 25
$2.7B
$1.5B
Q3 25
$2.4B
$2.2B
Q2 25
$1.9B
Q1 25
$1.9B
$3.3B
Q4 24
$1.8B
$2.3B
Q3 24
$11.7B
$3.5B
Q2 24
$3.5B
Q1 24
$1.1B
$2.4B
Total Debt
BILI
BILI
FG
FG
Q4 25
$1.4B
$2.2B
Q3 25
$1.4B
$2.2B
Q2 25
$2.2B
Q1 25
$700.3M
$2.2B
Q4 24
$662.5M
$2.2B
Q3 24
$4.3B
$2.0B
Q2 24
$2.0B
Q1 24
$684.5M
$1.7B
Stockholders' Equity
BILI
BILI
FG
FG
Q4 25
$2.2B
$4.8B
Q3 25
$2.1B
$4.8B
Q2 25
$4.4B
Q1 25
$2.0B
$4.4B
Q4 24
$1.9B
$4.0B
Q3 24
$13.7B
$4.3B
Q2 24
$3.7B
Q1 24
$1.9B
$3.5B
Total Assets
BILI
BILI
FG
FG
Q4 25
$5.9B
$98.4B
Q3 25
$5.6B
$96.1B
Q2 25
$91.8B
Q1 25
$4.6B
$88.0B
Q4 24
$4.5B
$85.0B
Q3 24
$32.0B
$84.1B
Q2 24
$78.5B
Q1 24
$4.2B
$74.4B
Debt / Equity
BILI
BILI
FG
FG
Q4 25
0.62×
0.47×
Q3 25
0.65×
0.46×
Q2 25
0.50×
Q1 25
0.35×
0.51×
Q4 24
0.34×
0.55×
Q3 24
0.31×
0.47×
Q2 24
0.56×
Q1 24
0.36×
0.49×

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
FG
FG
Operating Cash FlowLast quarter
$263.1M
$1.2B
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
3.47×
9.13×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BILI
BILI
FG
FG
Q4 25
$263.1M
$1.2B
Q3 25
$283.2M
$937.0M
Q2 25
$277.7M
$1.6B
Q1 25
$179.4M
$956.0M
Q4 24
$191.9M
$1.3B
Q3 24
$2.2B
$2.1B
Q2 24
$1.1B
Q1 24
$88.3M
$1.5B
Free Cash Flow
BILI
BILI
FG
FG
Q4 25
Q3 25
Q2 25
Q1 25
$174.5M
Q4 24
Q3 24
Q2 24
Q1 24
FCF Margin
BILI
BILI
FG
FG
Q4 25
Q3 25
Q2 25
Q1 25
18.1%
Q4 24
Q3 24
Q2 24
Q1 24
Capex Intensity
BILI
BILI
FG
FG
Q4 25
Q3 25
Q2 25
Q1 25
0.5%
Q4 24
Q3 24
Q2 24
Q1 24
Cash Conversion
BILI
BILI
FG
FG
Q4 25
3.47×
9.13×
Q3 25
4.30×
7.94×
Q2 25
9.11×
40.50×
Q1 25
Q4 24
4.04×
Q3 24
195.23×
Q2 24
5.20×
Q1 24
13.34×

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%

FG
FG

Segment breakdown not available.

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