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

Iron Mountain is the larger business by last-quarter revenue ($1.8B vs $1.3B, roughly 1.5× Bilibili Inc.). Bilibili Inc. runs the higher net margin — 6.0% vs 5.1%, a 0.9% gap on every dollar of revenue. On growth, Bilibili Inc. posted the faster year-over-year revenue change (26.2% vs 16.6%). Over the past eight quarters, Bilibili Inc.'s revenue compounded faster (27.3% CAGR vs 11.7%).

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.

Iron Mountain Inc. is an American enterprise information management services company founded in 1951 and headquartered in Portsmouth, New Hampshire. Its records management, information destruction, and data backup and recovery services are supplied to more than 220,000 customers in 58 countries throughout North America, Europe, Latin America, Africa, Asia, and Oceania.

BILI vs IRM — Head-to-Head

Bigger by revenue
IRM
IRM
1.5× larger
IRM
$1.8B
$1.3B
BILI
Growing faster (revenue YoY)
BILI
BILI
+9.6% gap
BILI
26.2%
16.6%
IRM
Higher net margin
BILI
BILI
0.9% more per $
BILI
6.0%
5.1%
IRM
Faster 2-yr revenue CAGR
BILI
BILI
Annualised
BILI
27.3%
11.7%
IRM

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BILI
BILI
IRM
IRM
Revenue
$1.3B
$1.8B
Net Profit
$75.7M
$93.1M
Gross Margin
37.0%
Operating Margin
5.8%
18.5%
Net Margin
6.0%
5.1%
Revenue YoY
26.2%
16.6%
Net Profit YoY
143.0%
-11.9%
EPS (diluted)
$1.14
$0.31

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
IRM
IRM
Q4 25
$1.3B
$1.8B
Q3 25
$1.1B
$1.8B
Q2 25
$1.0B
$1.7B
Q1 25
$965.1M
$1.6B
Q4 24
$1.0B
$1.6B
Q3 24
$1.0B
$1.6B
Q2 24
$843.1M
$1.5B
Q1 24
$784.5M
$1.5B
Net Profit
BILI
BILI
IRM
IRM
Q4 25
$75.7M
$93.1M
Q3 25
$65.9M
$86.2M
Q2 25
$30.5M
$-43.3M
Q1 25
$-1.5M
$16.2M
Q4 24
$-176.0M
$105.7M
Q3 24
$11.4M
$-33.7M
Q2 24
$83.7M
$34.6M
Q1 24
$-105.9M
$77.0M
Gross Margin
BILI
BILI
IRM
IRM
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
IRM
IRM
Q4 25
5.8%
18.5%
Q3 25
4.6%
17.6%
Q2 25
3.4%
15.2%
Q1 25
0.2%
16.0%
Q4 24
-16.0%
17.9%
Q3 24
0.9%
16.1%
Q2 24
9.5%
15.0%
Q1 24
-14.5%
16.6%
Net Margin
BILI
BILI
IRM
IRM
Q4 25
6.0%
5.1%
Q3 25
6.1%
4.9%
Q2 25
3.0%
-2.5%
Q1 25
-0.2%
1.0%
Q4 24
-17.5%
6.7%
Q3 24
1.1%
-2.2%
Q2 24
9.9%
2.3%
Q1 24
-13.5%
5.2%
EPS (diluted)
BILI
BILI
IRM
IRM
Q4 25
$1.14
$0.31
Q3 25
$1.05
$0.28
Q2 25
$0.51
$-0.15
Q1 25
$0.00
$0.05
Q4 24
$0.21
$0.35
Q3 24
$-0.03
$-0.11
Q2 24
$-0.20
$0.12
Q1 24
$-1.80
$0.25

Balance Sheet & Financial Strength

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

Metric
BILI
BILI
IRM
IRM
Cash + ST InvestmentsLiquidity on hand
$2.7B
$158.5M
Total DebtLower is stronger
$1.4B
$16.2B
Stockholders' EquityBook value
$2.2B
$-981.0M
Total Assets
$5.9B
$21.1B
Debt / EquityLower = less leverage
0.62×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BILI
BILI
IRM
IRM
Q4 25
$2.7B
$158.5M
Q3 25
$2.4B
Q2 25
Q1 25
$1.9B
Q4 24
$1.8B
$155.7M
Q3 24
$11.7B
Q2 24
Q1 24
$1.1B
Total Debt
BILI
BILI
IRM
IRM
Q4 25
$1.4B
$16.2B
Q3 25
$1.4B
$15.5B
Q2 25
$14.8B
Q1 25
$700.3M
$14.2B
Q4 24
$662.5M
$13.0B
Q3 24
$4.3B
$13.2B
Q2 24
$12.8B
Q1 24
$684.5M
$12.6B
Stockholders' Equity
BILI
BILI
IRM
IRM
Q4 25
$2.2B
$-981.0M
Q3 25
$2.1B
$-882.0M
Q2 25
$-767.4M
Q1 25
$2.0B
$-698.5M
Q4 24
$1.9B
$-503.1M
Q3 24
$13.7B
$-259.0M
Q2 24
$-132.9M
Q1 24
$1.9B
$18.5M
Total Assets
BILI
BILI
IRM
IRM
Q4 25
$5.9B
$21.1B
Q3 25
$5.6B
$20.6B
Q2 25
$20.2B
Q1 25
$4.6B
$19.4B
Q4 24
$4.5B
$18.7B
Q3 24
$32.0B
$18.5B
Q2 24
$18.0B
Q1 24
$4.2B
$17.8B
Debt / Equity
BILI
BILI
IRM
IRM
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×
679.18×

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
IRM
IRM
Operating Cash FlowLast quarter
$263.1M
$500.0M
Free Cash FlowOCF − Capex
$-16.2M
FCF MarginFCF / Revenue
-0.9%
Capex IntensityCapex / Revenue
28.0%
Cash ConversionOCF / Net Profit
3.47×
5.37×
TTM Free Cash FlowTrailing 4 quarters
$-931.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BILI
BILI
IRM
IRM
Q4 25
$263.1M
$500.0M
Q3 25
$283.2M
$267.6M
Q2 25
$277.7M
$375.1M
Q1 25
$179.4M
$197.3M
Q4 24
$191.9M
$431.6M
Q3 24
$2.2B
$252.9M
Q2 24
$382.2M
Q1 24
$88.3M
$130.0M
Free Cash Flow
BILI
BILI
IRM
IRM
Q4 25
$-16.2M
Q3 25
$-256.3M
Q2 25
$-181.6M
Q1 25
$174.5M
$-477.5M
Q4 24
$-186.0M
Q3 24
$-143.2M
Q2 24
$-14.6M
Q1 24
$-251.1M
FCF Margin
BILI
BILI
IRM
IRM
Q4 25
-0.9%
Q3 25
-14.6%
Q2 25
-10.6%
Q1 25
18.1%
-30.0%
Q4 24
-11.8%
Q3 24
-9.2%
Q2 24
-1.0%
Q1 24
-17.0%
Capex Intensity
BILI
BILI
IRM
IRM
Q4 25
28.0%
Q3 25
29.9%
Q2 25
32.5%
Q1 25
0.5%
42.4%
Q4 24
39.1%
Q3 24
25.4%
Q2 24
25.9%
Q1 24
25.8%
Cash Conversion
BILI
BILI
IRM
IRM
Q4 25
3.47×
5.37×
Q3 25
4.30×
3.10×
Q2 25
9.11×
Q1 25
12.15×
Q4 24
4.08×
Q3 24
195.23×
Q2 24
11.04×
Q1 24
1.69×

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%

IRM
IRM

Storage Rental$1.1B58%
Services$781.9M42%

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