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Side-by-side financial comparison of Bilibili Inc. (BILI) and Liberty Energy Inc. (LBRT). Click either name above to swap in a different company.
Bilibili Inc. is the larger business by last-quarter revenue ($1.3B vs $1.0B, roughly 1.2× Liberty Energy Inc.). Bilibili Inc. runs the higher net margin — 6.0% vs 2.2%, a 3.8% gap on every dollar of revenue. On growth, Bilibili Inc. posted the faster year-over-year revenue change (26.2% vs 4.5%). Over the past eight quarters, Bilibili Inc.'s revenue compounded faster (27.3% CAGR vs -6.2%).
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.
Liberty Energy Inc. is a North American energy services provider specializing in hydraulic fracturing and well completion solutions for oil and gas operators. It serves clients across major U.S. shale basins, offering low-emission equipment and tailored support to optimize well productivity.
BILI vs LBRT — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.3B | $1.0B |
| Net Profit | $75.7M | $22.6M |
| Gross Margin | 37.0% | — |
| Operating Margin | 5.8% | 2.2% |
| Net Margin | 6.0% | 2.2% |
| Revenue YoY | 26.2% | 4.5% |
| Net Profit YoY | 143.0% | — |
| EPS (diluted) | $1.14 | $0.14 |
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.
| Q1 26 | — | $1.0B | ||
| Q4 25 | $1.3B | $1.0B | ||
| Q3 25 | $1.1B | $947.4M | ||
| Q2 25 | $1.0B | $1.0B | ||
| Q1 25 | $965.1M | $977.5M | ||
| Q4 24 | $1.0B | $943.6M | ||
| Q3 24 | $1.0B | $1.1B | ||
| Q2 24 | $843.1M | $1.2B |
| Q1 26 | — | $22.6M | ||
| Q4 25 | $75.7M | $13.7M | ||
| Q3 25 | $65.9M | $43.1M | ||
| Q2 25 | $30.5M | $71.0M | ||
| Q1 25 | $-1.5M | $20.1M | ||
| Q4 24 | $-176.0M | $51.9M | ||
| Q3 24 | $11.4M | $73.8M | ||
| Q2 24 | $83.7M | $108.4M |
| Q1 26 | — | — | ||
| Q4 25 | 37.0% | 20.6% | ||
| Q3 25 | 36.7% | 18.7% | ||
| Q2 25 | 36.5% | 22.1% | ||
| Q1 25 | 36.3% | 22.1% | ||
| Q4 24 | 36.2% | 21.4% | ||
| Q3 24 | 34.9% | 26.2% | ||
| Q2 24 | 29.9% | 27.9% |
| Q1 26 | — | 2.2% | ||
| Q4 25 | 5.8% | 1.9% | ||
| Q3 25 | 4.6% | -0.3% | ||
| Q2 25 | 3.4% | 3.6% | ||
| Q1 25 | 0.2% | 1.9% | ||
| Q4 24 | -16.0% | 2.6% | ||
| Q3 24 | 0.9% | 9.4% | ||
| Q2 24 | 9.5% | 12.2% |
| Q1 26 | — | 2.2% | ||
| Q4 25 | 6.0% | 1.3% | ||
| Q3 25 | 6.1% | 4.5% | ||
| Q2 25 | 3.0% | 6.8% | ||
| Q1 25 | -0.2% | 2.1% | ||
| Q4 24 | -17.5% | 5.5% | ||
| Q3 24 | 1.1% | 6.5% | ||
| Q2 24 | 9.9% | 9.3% |
| Q1 26 | — | $0.14 | ||
| Q4 25 | $1.14 | $0.08 | ||
| Q3 25 | $1.05 | $0.26 | ||
| Q2 25 | $0.51 | $0.43 | ||
| Q1 25 | $0.00 | $0.12 | ||
| Q4 24 | $0.21 | $0.31 | ||
| Q3 24 | $-0.03 | $0.44 | ||
| Q2 24 | $-0.20 | $0.64 |
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 | $699.1M |
| Total DebtLower is stronger | $1.4B | $7.1M |
| Stockholders' EquityBook value | $2.2B | $1.9B |
| Total Assets | $5.9B | $4.4B |
| Debt / EquityLower = less leverage | 0.62× | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $699.1M | ||
| Q4 25 | $2.7B | $27.6M | ||
| Q3 25 | $2.4B | $13.5M | ||
| Q2 25 | — | $19.6M | ||
| Q1 25 | $1.9B | $24.1M | ||
| Q4 24 | $1.8B | $20.0M | ||
| Q3 24 | $11.7B | $23.0M | ||
| Q2 24 | — | $30.0M |
| Q1 26 | — | $7.1M | ||
| Q4 25 | $1.4B | $246.6M | ||
| Q3 25 | $1.4B | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $700.3M | — | ||
| Q4 24 | $662.5M | $190.5M | ||
| Q3 24 | $4.3B | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $1.9B | ||
| Q4 25 | $2.2B | $2.1B | ||
| Q3 25 | $2.1B | $2.1B | ||
| Q2 25 | — | $2.0B | ||
| Q1 25 | $2.0B | $2.0B | ||
| Q4 24 | $1.9B | $2.0B | ||
| Q3 24 | $13.7B | $2.0B | ||
| Q2 24 | — | $1.9B |
| Q1 26 | — | $4.4B | ||
| Q4 25 | $5.9B | $3.6B | ||
| Q3 25 | $5.6B | $3.5B | ||
| Q2 25 | — | $3.4B | ||
| Q1 25 | $4.6B | $3.4B | ||
| Q4 24 | $4.5B | $3.3B | ||
| Q3 24 | $32.0B | $3.3B | ||
| Q2 24 | — | $3.2B |
| Q1 26 | — | 0.00× | ||
| Q4 25 | 0.62× | 0.12× | ||
| Q3 25 | 0.65× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.35× | — | ||
| Q4 24 | 0.34× | 0.10× | ||
| Q3 24 | 0.31× | — | ||
| Q2 24 | — | — |
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 | — |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | 13.1% |
| Cash ConversionOCF / Net Profit | 3.47× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $263.1M | $195.4M | ||
| Q3 25 | $283.2M | $51.5M | ||
| Q2 25 | $277.7M | $170.6M | ||
| Q1 25 | $179.4M | $192.1M | ||
| Q4 24 | $191.9M | $177.3M | ||
| Q3 24 | $2.2B | $244.5M | ||
| Q2 24 | — | $248.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | $-10.0M | ||
| Q3 25 | — | $-67.2M | ||
| Q2 25 | — | $33.1M | ||
| Q1 25 | $174.5M | $58.2M | ||
| Q4 24 | — | $-26.2M | ||
| Q3 24 | — | $77.9M | ||
| Q2 24 | — | $112.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | -1.0% | ||
| Q3 25 | — | -7.1% | ||
| Q2 25 | — | 3.2% | ||
| Q1 25 | 18.1% | 6.0% | ||
| Q4 24 | — | -2.8% | ||
| Q3 24 | — | 6.8% | ||
| Q2 24 | — | 9.7% |
| Q1 26 | — | 13.1% | ||
| Q4 25 | — | 19.8% | ||
| Q3 25 | — | 12.5% | ||
| Q2 25 | — | 13.2% | ||
| Q1 25 | 0.5% | 13.7% | ||
| Q4 24 | — | 21.6% | ||
| Q3 24 | — | 14.6% | ||
| Q2 24 | — | 11.7% |
| Q1 26 | — | — | ||
| Q4 25 | 3.47× | 14.28× | ||
| Q3 25 | 4.30× | 1.20× | ||
| Q2 25 | 9.11× | 2.40× | ||
| Q1 25 | — | 9.55× | ||
| Q4 24 | — | 3.42× | ||
| Q3 24 | 195.23× | 3.31× | ||
| Q2 24 | — | 2.29× |
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% |
LBRT
Segment breakdown not available.
