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Side-by-side financial comparison of Bilibili Inc. (BILI) and Life Time Group Holdings, Inc. (LTH). Click either name above to swap in a different company.
Bilibili Inc. is the larger business by last-quarter revenue ($1.3B vs $745.1M, roughly 1.7× Life Time Group Holdings, Inc.). Life Time Group Holdings, Inc. runs the higher net margin — 16.5% vs 6.0%, a 10.5% gap on every dollar of revenue. On growth, Bilibili Inc. posted the faster year-over-year revenue change (26.2% vs 12.3%). 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.
Life Time Group Holdings, Inc. operates a network of premium athletic, fitness and wellness destinations across the United States. It offers diverse services including state-of-the-art gym facilities, group exercise classes, personal training, spa treatments, nutrition coaching, youth programs and co-working spaces for consumers pursuing holistic healthy lifestyles.
BILI vs LTH — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.3B | $745.1M |
| Net Profit | $75.7M | $123.0M |
| Gross Margin | 37.0% | 49.1% |
| Operating Margin | 5.8% | 17.4% |
| Net Margin | 6.0% | 16.5% |
| Revenue YoY | 26.2% | 12.3% |
| Net Profit YoY | 143.0% | 231.0% |
| EPS (diluted) | $1.14 | $0.55 |
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 | $745.1M | ||
| Q3 25 | $1.1B | $782.6M | ||
| Q2 25 | $1.0B | $761.5M | ||
| Q1 25 | $965.1M | $706.0M | ||
| Q4 24 | $1.0B | $663.3M | ||
| Q3 24 | $1.0B | $693.2M | ||
| Q2 24 | $843.1M | $667.8M | ||
| Q1 24 | $784.5M | $596.7M |
| Q4 25 | $75.7M | $123.0M | ||
| Q3 25 | $65.9M | $102.4M | ||
| Q2 25 | $30.5M | $72.1M | ||
| Q1 25 | $-1.5M | $76.1M | ||
| Q4 24 | $-176.0M | $37.2M | ||
| Q3 24 | $11.4M | $41.4M | ||
| Q2 24 | $83.7M | $52.8M | ||
| Q1 24 | $-105.9M | $24.9M |
| Q4 25 | 37.0% | 49.1% | ||
| Q3 25 | 36.7% | 47.1% | ||
| Q2 25 | 36.5% | 47.0% | ||
| Q1 25 | 36.3% | 47.5% | ||
| Q4 24 | 36.2% | 48.2% | ||
| Q3 24 | 34.9% | 46.5% | ||
| Q2 24 | 29.9% | 46.8% | ||
| Q1 24 | 28.3% | 46.1% |
| Q4 25 | 5.8% | 17.4% | ||
| Q3 25 | 4.6% | 17.3% | ||
| Q2 25 | 3.4% | 14.2% | ||
| Q1 25 | 0.2% | 15.2% | ||
| Q4 24 | -16.0% | 13.1% | ||
| Q3 24 | 0.9% | 13.5% | ||
| Q2 24 | 9.5% | 15.7% | ||
| Q1 24 | -14.5% | 12.1% |
| Q4 25 | 6.0% | 16.5% | ||
| Q3 25 | 6.1% | 13.1% | ||
| Q2 25 | 3.0% | 9.5% | ||
| Q1 25 | -0.2% | 10.8% | ||
| Q4 24 | -17.5% | 5.6% | ||
| Q3 24 | 1.1% | 6.0% | ||
| Q2 24 | 9.9% | 7.9% | ||
| Q1 24 | -13.5% | 4.2% |
| Q4 25 | $1.14 | $0.55 | ||
| Q3 25 | $1.05 | $0.45 | ||
| Q2 25 | $0.51 | $0.32 | ||
| Q1 25 | $0.00 | $0.34 | ||
| Q4 24 | $0.21 | $0.17 | ||
| Q3 24 | $-0.03 | $0.19 | ||
| Q2 24 | $-0.20 | $0.26 | ||
| Q1 24 | $-1.80 | $0.12 |
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 | $204.8M |
| Total DebtLower is stronger | $1.4B | $1.5B |
| Stockholders' EquityBook value | $2.2B | $3.1B |
| Total Assets | $5.9B | $8.0B |
| Debt / EquityLower = less leverage | 0.62× | 0.48× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.7B | $204.8M | ||
| Q3 25 | $2.4B | $218.9M | ||
| Q2 25 | — | $175.5M | ||
| Q1 25 | $1.9B | $59.0M | ||
| Q4 24 | $1.8B | $10.9M | ||
| Q3 24 | $11.7B | $120.9M | ||
| Q2 24 | — | $34.5M | ||
| Q1 24 | $1.1B | $18.6M |
| Q4 25 | $1.4B | $1.5B | ||
| Q3 25 | $1.4B | $1.5B | ||
| Q2 25 | — | $1.5B | ||
| Q1 25 | $700.3M | $1.5B | ||
| Q4 24 | $662.5M | $1.5B | ||
| Q3 24 | $4.3B | $1.7B | ||
| Q2 24 | — | $1.8B | ||
| Q1 24 | $684.5M | $2.0B |
| Q4 25 | $2.2B | $3.1B | ||
| Q3 25 | $2.1B | $3.0B | ||
| Q2 25 | — | $2.9B | ||
| Q1 25 | $2.0B | $2.7B | ||
| Q4 24 | $1.9B | $2.6B | ||
| Q3 24 | $13.7B | $2.6B | ||
| Q2 24 | — | $2.4B | ||
| Q1 24 | $1.9B | $2.3B |
| Q4 25 | $5.9B | $8.0B | ||
| Q3 25 | $5.6B | $7.8B | ||
| Q2 25 | — | $7.6B | ||
| Q1 25 | $4.6B | $7.3B | ||
| Q4 24 | $4.5B | $7.2B | ||
| Q3 24 | $32.0B | $7.2B | ||
| Q2 24 | — | $7.1B | ||
| Q1 24 | $4.2B | $7.1B |
| Q4 25 | 0.62× | 0.48× | ||
| Q3 25 | 0.65× | 0.51× | ||
| Q2 25 | — | 0.53× | ||
| Q1 25 | 0.35× | 0.56× | ||
| Q4 24 | 0.34× | 0.59× | ||
| Q3 24 | 0.31× | 0.64× | ||
| Q2 24 | — | 0.78× | ||
| Q1 24 | 0.36× | 0.87× |
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 | $239.9M |
| Free Cash FlowOCF − Capex | — | $-64.6M |
| FCF MarginFCF / Revenue | — | -8.7% |
| Capex IntensityCapex / Revenue | — | 40.9% |
| Cash ConversionOCF / Net Profit | 3.47× | 1.95× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-21.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $263.1M | $239.9M | ||
| Q3 25 | $283.2M | $251.1M | ||
| Q2 25 | $277.7M | $195.7M | ||
| Q1 25 | $179.4M | $183.9M | ||
| Q4 24 | $191.9M | $163.1M | ||
| Q3 24 | $2.2B | $151.1M | ||
| Q2 24 | — | $170.4M | ||
| Q1 24 | $88.3M | $90.4M |
| Q4 25 | — | $-64.6M | ||
| Q3 25 | — | $28.6M | ||
| Q2 25 | — | $-26.3M | ||
| Q1 25 | $174.5M | $41.4M | ||
| Q4 24 | — | $26.8M | ||
| Q3 24 | — | $64.0M | ||
| Q2 24 | — | $26.1M | ||
| Q1 24 | — | $-66.4M |
| Q4 25 | — | -8.7% | ||
| Q3 25 | — | 3.7% | ||
| Q2 25 | — | -3.5% | ||
| Q1 25 | 18.1% | 5.9% | ||
| Q4 24 | — | 4.0% | ||
| Q3 24 | — | 9.2% | ||
| Q2 24 | — | 3.9% | ||
| Q1 24 | — | -11.1% |
| Q4 25 | — | 40.9% | ||
| Q3 25 | — | 28.4% | ||
| Q2 25 | — | 29.2% | ||
| Q1 25 | 0.5% | 20.2% | ||
| Q4 24 | — | 20.6% | ||
| Q3 24 | — | 12.6% | ||
| Q2 24 | — | 21.6% | ||
| Q1 24 | — | 26.3% |
| Q4 25 | 3.47× | 1.95× | ||
| Q3 25 | 4.30× | 2.45× | ||
| Q2 25 | 9.11× | 2.71× | ||
| Q1 25 | — | 2.41× | ||
| Q4 24 | — | 4.39× | ||
| Q3 24 | 195.23× | 3.65× | ||
| Q2 24 | — | 3.23× | ||
| Q1 24 | — | 3.63× |
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% |
LTH
| Membership | $535.1M | 72% |
| In Center | $191.2M | 26% |
| Other | $18.8M | 3% |
