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Side-by-side financial comparison of Bilibili Inc. (BILI) and NATIONAL FUEL GAS CO (NFG). Click either name above to swap in a different company.
Bilibili Inc. is the larger business by last-quarter revenue ($1.3B vs $425.9M, roughly 3.0× NATIONAL FUEL GAS CO). NATIONAL FUEL GAS CO runs the higher net margin — 35.7% vs 6.0%, a 29.7% gap on every dollar of revenue. On growth, Bilibili Inc. posted the faster year-over-year revenue change (26.2% vs 1.7%). Over the past eight quarters, Bilibili Inc.'s revenue compounded faster (27.3% CAGR vs 12.1%).
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.
National Fuel Gas Company is a diversified energy company with $6.2 billion in assets distributed among the following five operating segments: Exploration and Production, Pipeline and Storage, Gathering, Utility, and Energy Marketing. National Fuel Gas was incorporated in 1902 and is based in Williamsville, New York.
BILI vs NFG — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.3B | $425.9M |
| Net Profit | $75.7M | $152.0M |
| Gross Margin | 37.0% | — |
| Operating Margin | 5.8% | 81.5% |
| Net Margin | 6.0% | 35.7% |
| Revenue YoY | 26.2% | 1.7% |
| Net Profit YoY | 143.0% | — |
| EPS (diluted) | $1.14 | $1.59 |
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 | — | $425.9M | ||
| Q4 25 | $1.3B | $637.9M | ||
| Q3 25 | $1.1B | $443.1M | ||
| Q2 25 | $1.0B | $527.4M | ||
| Q1 25 | $965.1M | $734.8M | ||
| Q4 24 | $1.0B | $513.8M | ||
| Q3 24 | $1.0B | $310.0M | ||
| Q2 24 | $843.1M | $338.6M |
| Q1 26 | — | $152.0M | ||
| Q4 25 | $75.7M | $181.6M | ||
| Q3 25 | $65.9M | $107.3M | ||
| Q2 25 | $30.5M | $149.8M | ||
| Q1 25 | $-1.5M | $216.4M | ||
| Q4 24 | $-176.0M | $45.0M | ||
| Q3 24 | $11.4M | $-167.6M | ||
| Q2 24 | $83.7M | $-54.2M |
| Q1 26 | — | — | ||
| Q4 25 | 37.0% | 86.6% | ||
| Q3 25 | 36.7% | — | ||
| Q2 25 | 36.5% | 94.7% | ||
| Q1 25 | 36.3% | 81.6% | ||
| Q4 24 | 36.2% | 87.3% | ||
| Q3 24 | 34.9% | — | ||
| Q2 24 | 29.9% | 98.5% |
| Q1 26 | — | 81.5% | ||
| Q4 25 | 5.8% | 43.3% | ||
| Q3 25 | 4.6% | 40.6% | ||
| Q2 25 | 3.4% | 43.7% | ||
| Q1 25 | 0.2% | 43.2% | ||
| Q4 24 | -16.0% | 16.8% | ||
| Q3 24 | 0.9% | -63.4% | ||
| Q2 24 | 9.5% | -15.2% |
| Q1 26 | — | 35.7% | ||
| Q4 25 | 6.0% | 28.5% | ||
| Q3 25 | 6.1% | 24.2% | ||
| Q2 25 | 3.0% | 28.4% | ||
| Q1 25 | -0.2% | 29.4% | ||
| Q4 24 | -17.5% | 8.8% | ||
| Q3 24 | 1.1% | -54.1% | ||
| Q2 24 | 9.9% | -16.0% |
| Q1 26 | — | $1.59 | ||
| Q4 25 | $1.14 | $1.98 | ||
| Q3 25 | $1.05 | $1.18 | ||
| Q2 25 | $0.51 | $1.64 | ||
| Q1 25 | $0.00 | $2.37 | ||
| Q4 24 | $0.21 | $0.49 | ||
| Q3 24 | $-0.03 | $-1.81 | ||
| Q2 24 | $-0.20 | $-0.59 |
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 | — |
| Total DebtLower is stronger | $1.4B | $300.0M |
| Stockholders' EquityBook value | $2.2B | — |
| Total Assets | $5.9B | $9.1B |
| Debt / EquityLower = less leverage | 0.62× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $2.7B | $271.4M | ||
| Q3 25 | $2.4B | $43.2M | ||
| Q2 25 | — | $39.3M | ||
| Q1 25 | $1.9B | $40.0M | ||
| Q4 24 | $1.8B | $48.7M | ||
| Q3 24 | $11.7B | $38.2M | ||
| Q2 24 | — | $81.4M |
| Q1 26 | — | $300.0M | ||
| Q4 25 | $1.4B | $2.7B | ||
| Q3 25 | $1.4B | $2.7B | ||
| Q2 25 | — | $2.7B | ||
| Q1 25 | $700.3M | $2.7B | ||
| Q4 24 | $662.5M | $2.7B | ||
| Q3 24 | $4.3B | $2.7B | ||
| Q2 24 | — | $2.7B |
| Q1 26 | — | — | ||
| Q4 25 | $2.2B | $3.6B | ||
| Q3 25 | $2.1B | $3.1B | ||
| Q2 25 | — | $3.0B | ||
| Q1 25 | $2.0B | $2.8B | ||
| Q4 24 | $1.9B | $-76.2M | ||
| Q3 24 | $13.7B | $-15.5M | ||
| Q2 24 | — | $5.0M |
| Q1 26 | — | $9.1B | ||
| Q4 25 | $5.9B | $9.2B | ||
| Q3 25 | $5.6B | $8.7B | ||
| Q2 25 | — | $8.4B | ||
| Q1 25 | $4.6B | $8.5B | ||
| Q4 24 | $4.5B | $8.3B | ||
| Q3 24 | $32.0B | $8.3B | ||
| Q2 24 | — | $8.5B |
| Q1 26 | — | — | ||
| Q4 25 | 0.62× | 0.75× | ||
| Q3 25 | 0.65× | 0.87× | ||
| Q2 25 | — | 0.90× | ||
| Q1 25 | 0.35× | 0.99× | ||
| Q4 24 | 0.34× | — | ||
| Q3 24 | 0.31× | — | ||
| Q2 24 | — | 532.10× |
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 | $657.3M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | 117.0% |
| Cash ConversionOCF / Net Profit | 3.47× | 4.32× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $657.3M | ||
| Q4 25 | $263.1M | $274.9M | ||
| Q3 25 | $283.2M | $237.8M | ||
| Q2 25 | $277.7M | $388.4M | ||
| Q1 25 | $179.4M | $253.8M | ||
| Q4 24 | $191.9M | $220.1M | ||
| Q3 24 | $2.2B | $197.9M | ||
| Q2 24 | — | $281.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | $-2.7M | ||
| Q3 25 | — | $-47.8M | ||
| Q2 25 | — | $195.3M | ||
| Q1 25 | $174.5M | $59.9M | ||
| Q4 24 | — | $-20.3M | ||
| Q3 24 | — | $-49.1M | ||
| Q2 24 | — | $79.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | -0.4% | ||
| Q3 25 | — | -10.8% | ||
| Q2 25 | — | 37.0% | ||
| Q1 25 | 18.1% | 8.2% | ||
| Q4 24 | — | -4.0% | ||
| Q3 24 | — | -15.8% | ||
| Q2 24 | — | 23.5% |
| Q1 26 | — | 117.0% | ||
| Q4 25 | — | 43.5% | ||
| Q3 25 | — | 64.4% | ||
| Q2 25 | — | 36.6% | ||
| Q1 25 | 0.5% | 26.4% | ||
| Q4 24 | — | 46.8% | ||
| Q3 24 | — | 79.7% | ||
| Q2 24 | — | 59.7% |
| Q1 26 | — | 4.32× | ||
| Q4 25 | 3.47× | 1.51× | ||
| Q3 25 | 4.30× | 2.21× | ||
| Q2 25 | 9.11× | 2.59× | ||
| Q1 25 | — | 1.17× | ||
| Q4 24 | — | 4.89× | ||
| Q3 24 | 195.23× | — | ||
| Q2 24 | — | — |
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% |
NFG
| Revenues from External Customers | $425.8M | 100% |
| Intersegment Revenues | $126.0K | 0% |
