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Side-by-side financial comparison of Bilibili Inc. (BILI) and M/I HOMES, INC. (MHO). Click either name above to swap in a different company.

Bilibili Inc. is the larger business by last-quarter revenue ($1.3B vs $1.1B, roughly 1.1× M/I HOMES, INC.). Bilibili Inc. runs the higher net margin — 6.0% vs 5.6%, a 0.4% gap on every dollar of revenue. On growth, Bilibili Inc. posted the faster year-over-year revenue change (26.2% vs -4.8%). Over the past eight quarters, Bilibili Inc.'s revenue compounded faster (27.3% CAGR vs 4.7%).

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.

M/I Homes, Inc. is a leading U.S. residential construction company that designs, builds and sells single-family homes, townhomes and duplexes across multiple U.S. states. It caters to entry-level, move-up and luxury homebuyers, offering energy-efficient designs, flexible floor plans and personalized customization options.

BILI vs MHO — Head-to-Head

Bigger by revenue
BILI
BILI
1.1× larger
BILI
$1.3B
$1.1B
MHO
Growing faster (revenue YoY)
BILI
BILI
+31.0% gap
BILI
26.2%
-4.8%
MHO
Higher net margin
BILI
BILI
0.4% more per $
BILI
6.0%
5.6%
MHO
Faster 2-yr revenue CAGR
BILI
BILI
Annualised
BILI
27.3%
4.7%
MHO

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BILI
BILI
MHO
MHO
Revenue
$1.3B
$1.1B
Net Profit
$75.7M
$64.0M
Gross Margin
37.0%
17.4%
Operating Margin
5.8%
6.5%
Net Margin
6.0%
5.6%
Revenue YoY
26.2%
-4.8%
Net Profit YoY
143.0%
-52.1%
EPS (diluted)
$1.14
$2.42

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
MHO
MHO
Q4 25
$1.3B
$1.1B
Q3 25
$1.1B
$1.1B
Q2 25
$1.0B
$1.2B
Q1 25
$965.1M
$976.1M
Q4 24
$1.0B
$1.2B
Q3 24
$1.0B
$1.1B
Q2 24
$843.1M
$1.1B
Q1 24
$784.5M
$1.0B
Net Profit
BILI
BILI
MHO
MHO
Q4 25
$75.7M
$64.0M
Q3 25
$65.9M
$106.5M
Q2 25
$30.5M
$121.2M
Q1 25
$-1.5M
$111.2M
Q4 24
$-176.0M
$133.5M
Q3 24
$11.4M
$145.4M
Q2 24
$83.7M
$146.7M
Q1 24
$-105.9M
$138.1M
Gross Margin
BILI
BILI
MHO
MHO
Q4 25
37.0%
17.4%
Q3 25
36.7%
24.5%
Q2 25
36.5%
24.7%
Q1 25
36.3%
25.9%
Q4 24
36.2%
24.6%
Q3 24
34.9%
27.1%
Q2 24
29.9%
27.9%
Q1 24
28.3%
27.1%
Operating Margin
BILI
BILI
MHO
MHO
Q4 25
5.8%
6.5%
Q3 25
4.6%
12.0%
Q2 25
3.4%
13.4%
Q1 25
0.2%
14.4%
Q4 24
-16.0%
13.6%
Q3 24
0.9%
15.9%
Q2 24
9.5%
16.8%
Q1 24
-14.5%
16.6%
Net Margin
BILI
BILI
MHO
MHO
Q4 25
6.0%
5.6%
Q3 25
6.1%
9.4%
Q2 25
3.0%
10.4%
Q1 25
-0.2%
11.4%
Q4 24
-17.5%
11.1%
Q3 24
1.1%
12.7%
Q2 24
9.9%
13.2%
Q1 24
-13.5%
13.2%
EPS (diluted)
BILI
BILI
MHO
MHO
Q4 25
$1.14
$2.42
Q3 25
$1.05
$3.92
Q2 25
$0.51
$4.42
Q1 25
$0.00
$3.98
Q4 24
$0.21
$4.71
Q3 24
$-0.03
$5.10
Q2 24
$-0.20
$5.12
Q1 24
$-1.80
$4.78

Balance Sheet & Financial Strength

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

Metric
BILI
BILI
MHO
MHO
Cash + ST InvestmentsLiquidity on hand
$2.7B
Total DebtLower is stronger
$1.4B
Stockholders' EquityBook value
$2.2B
$3.2B
Total Assets
$5.9B
$4.8B
Debt / EquityLower = less leverage
0.62×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BILI
BILI
MHO
MHO
Q4 25
$2.7B
Q3 25
$2.4B
Q2 25
Q1 25
$1.9B
Q4 24
$1.8B
Q3 24
$11.7B
Q2 24
Q1 24
$1.1B
Total Debt
BILI
BILI
MHO
MHO
Q4 25
$1.4B
Q3 25
$1.4B
Q2 25
Q1 25
$700.3M
Q4 24
$662.5M
Q3 24
$4.3B
Q2 24
Q1 24
$684.5M
Stockholders' Equity
BILI
BILI
MHO
MHO
Q4 25
$2.2B
$3.2B
Q3 25
$2.1B
$3.1B
Q2 25
$3.1B
Q1 25
$2.0B
$3.0B
Q4 24
$1.9B
$2.9B
Q3 24
$13.7B
$2.8B
Q2 24
$2.7B
Q1 24
$1.9B
$2.6B
Total Assets
BILI
BILI
MHO
MHO
Q4 25
$5.9B
$4.8B
Q3 25
$5.6B
$4.8B
Q2 25
$4.7B
Q1 25
$4.6B
$4.6B
Q4 24
$4.5B
$4.5B
Q3 24
$32.0B
$4.5B
Q2 24
$4.3B
Q1 24
$4.2B
$4.2B
Debt / Equity
BILI
BILI
MHO
MHO
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×

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
MHO
MHO
Operating Cash FlowLast quarter
$263.1M
$-8.7M
Free Cash FlowOCF − Capex
$-13.0M
FCF MarginFCF / Revenue
-1.1%
Capex IntensityCapex / Revenue
0.4%
Cash ConversionOCF / Net Profit
3.47×
-0.14×
TTM Free Cash FlowTrailing 4 quarters
$127.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BILI
BILI
MHO
MHO
Q4 25
$263.1M
$-8.7M
Q3 25
$283.2M
$43.4M
Q2 25
$277.7M
$37.8M
Q1 25
$179.4M
$64.9M
Q4 24
$191.9M
$104.4M
Q3 24
$2.2B
$-67.9M
Q2 24
$27.5M
Q1 24
$88.3M
$115.8M
Free Cash Flow
BILI
BILI
MHO
MHO
Q4 25
$-13.0M
Q3 25
$42.0M
Q2 25
$35.1M
Q1 25
$174.5M
$63.5M
Q4 24
$102.3M
Q3 24
$-68.5M
Q2 24
$22.0M
Q1 24
$115.5M
FCF Margin
BILI
BILI
MHO
MHO
Q4 25
-1.1%
Q3 25
3.7%
Q2 25
3.0%
Q1 25
18.1%
6.5%
Q4 24
8.5%
Q3 24
-6.0%
Q2 24
2.0%
Q1 24
11.0%
Capex Intensity
BILI
BILI
MHO
MHO
Q4 25
0.4%
Q3 25
0.1%
Q2 25
0.2%
Q1 25
0.5%
0.1%
Q4 24
0.2%
Q3 24
0.1%
Q2 24
0.5%
Q1 24
0.0%
Cash Conversion
BILI
BILI
MHO
MHO
Q4 25
3.47×
-0.14×
Q3 25
4.30×
0.41×
Q2 25
9.11×
0.31×
Q1 25
0.58×
Q4 24
0.78×
Q3 24
195.23×
-0.47×
Q2 24
0.19×
Q1 24
0.84×

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%

MHO
MHO

Southern Homebuilding$615.6M54%
Northern Homebuilding$503.9M44%
Financial Service$27.8M2%
Land$4.7M0%

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