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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
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | ||
|---|---|---|
| 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.
| 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 |
| 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 |
| 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% | — |
| 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% | — |
| 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% |
| 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 | ||
|---|---|---|
| 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.
| 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 |
| 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 |
| 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 |
| 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 |
| 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 | ||
|---|---|---|
| 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.
| 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 |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $174.5M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 18.1% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.5% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| 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
| 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% |
FG
Segment breakdown not available.