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Side-by-side financial comparison of Bilibili Inc. (BILI) and RH (RH). Click either name above to swap in a different company.
Bilibili Inc. is the larger business by last-quarter revenue ($1.3B vs $883.8M, roughly 1.4× RH). Bilibili Inc. runs the higher net margin — 6.0% vs 4.1%, a 1.9% gap on every dollar of revenue. On growth, Bilibili Inc. posted the faster year-over-year revenue change (26.2% vs 8.9%). Over the past eight quarters, Bilibili Inc.'s revenue compounded faster (27.3% CAGR vs 9.4%).
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.
RH is an upscale American home-furnishings company headquartered in Corte Madera, California. The company sells its merchandise through its retail stores, catalog, and online. As of August 2018, the company operated a total of 70 galleries, 18 full-line design galleries, and 3 baby-and-child galleries. The company also has 36 outlet stores in the United States and Canada.
BILI vs RH — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.3B | $883.8M |
| Net Profit | $75.7M | $36.3M |
| Gross Margin | 37.0% | 44.1% |
| Operating Margin | 5.8% | 12.0% |
| Net Margin | 6.0% | 4.1% |
| Revenue YoY | 26.2% | 8.9% |
| Net Profit YoY | 143.0% | 9.3% |
| EPS (diluted) | $1.14 | $1.83 |
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 | $883.8M | ||
| Q3 25 | $1.1B | $899.2M | ||
| Q2 25 | $1.0B | $814.0M | ||
| Q1 25 | $965.1M | $812.4M | ||
| Q4 24 | $1.0B | $811.7M | ||
| Q3 24 | $1.0B | $829.7M | ||
| Q2 24 | $843.1M | $727.0M | ||
| Q1 24 | $784.5M | $738.3M |
| Q4 25 | $75.7M | $36.3M | ||
| Q3 25 | $65.9M | $51.7M | ||
| Q2 25 | $30.5M | $8.0M | ||
| Q1 25 | $-1.5M | $13.9M | ||
| Q4 24 | $-176.0M | $33.2M | ||
| Q3 24 | $11.4M | $29.0M | ||
| Q2 24 | $83.7M | $-3.6M | ||
| Q1 24 | $-105.9M | $11.4M |
| Q4 25 | 37.0% | 44.1% | ||
| Q3 25 | 36.7% | 45.5% | ||
| Q2 25 | 36.5% | 43.7% | ||
| Q1 25 | 36.3% | 44.7% | ||
| Q4 24 | 36.2% | 44.5% | ||
| Q3 24 | 34.9% | 45.2% | ||
| Q2 24 | 29.9% | 43.5% | ||
| Q1 24 | 28.3% | 43.5% |
| Q4 25 | 5.8% | 12.0% | ||
| Q3 25 | 4.6% | 14.3% | ||
| Q2 25 | 3.4% | 6.9% | ||
| Q1 25 | 0.2% | 8.7% | ||
| Q4 24 | -16.0% | 12.5% | ||
| Q3 24 | 0.9% | 11.6% | ||
| Q2 24 | 9.5% | 7.5% | ||
| Q1 24 | -14.5% | 8.7% |
| Q4 25 | 6.0% | 4.1% | ||
| Q3 25 | 6.1% | 5.8% | ||
| Q2 25 | 3.0% | 1.0% | ||
| Q1 25 | -0.2% | 1.7% | ||
| Q4 24 | -17.5% | 4.1% | ||
| Q3 24 | 1.1% | 3.5% | ||
| Q2 24 | 9.9% | -0.5% | ||
| Q1 24 | -13.5% | 1.5% |
| Q4 25 | $1.14 | $1.83 | ||
| Q3 25 | $1.05 | $2.62 | ||
| Q2 25 | $0.51 | $0.40 | ||
| Q1 25 | $0.00 | $0.71 | ||
| Q4 24 | $0.21 | $1.66 | ||
| Q3 24 | $-0.03 | $1.45 | ||
| Q2 24 | $-0.20 | $-0.20 | ||
| Q1 24 | $-1.80 | $0.91 |
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 | $43.1M |
| Total DebtLower is stronger | $1.4B | — |
| Stockholders' EquityBook value | $2.2B | $3.3M |
| Total Assets | $5.9B | $4.8B |
| Debt / EquityLower = less leverage | 0.62× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.7B | $43.1M | ||
| Q3 25 | $2.4B | $34.6M | ||
| Q2 25 | — | $46.1M | ||
| Q1 25 | $1.9B | $30.4M | ||
| Q4 24 | $1.8B | $87.0M | ||
| Q3 24 | $11.7B | $78.3M | ||
| Q2 24 | — | $101.8M | ||
| Q1 24 | $1.1B | $123.7M |
| 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 | — |
| Q4 25 | $2.2B | $3.3M | ||
| Q3 25 | $2.1B | $-40.9M | ||
| Q2 25 | — | $-110.8M | ||
| Q1 25 | $2.0B | $-163.6M | ||
| Q4 24 | $1.9B | $-183.0M | ||
| Q3 24 | $13.7B | $-234.7M | ||
| Q2 24 | — | $-289.9M | ||
| Q1 24 | $1.9B | $-297.4M |
| Q4 25 | $5.9B | $4.8B | ||
| Q3 25 | $5.6B | $4.7B | ||
| Q2 25 | — | $4.7B | ||
| Q1 25 | $4.6B | $4.6B | ||
| Q4 24 | $4.5B | $4.5B | ||
| Q3 24 | $32.0B | $4.4B | ||
| Q2 24 | — | $4.2B | ||
| Q1 24 | $4.2B | $4.1B |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $263.1M | $131.9M |
| Free Cash FlowOCF − Capex | — | $83.0M |
| FCF MarginFCF / Revenue | — | 9.4% |
| Capex IntensityCapex / Revenue | — | 5.5% |
| Cash ConversionOCF / Net Profit | 3.47× | 3.64× |
| TTM Free Cash FlowTrailing 4 quarters | — | $128.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $263.1M | $131.9M | ||
| Q3 25 | $283.2M | $137.7M | ||
| Q2 25 | $277.7M | $86.6M | ||
| Q1 25 | $179.4M | $-18.8M | ||
| Q4 24 | $191.9M | $-31.4M | ||
| Q3 24 | $2.2B | $11.2M | ||
| Q2 24 | — | $56.1M | ||
| Q1 24 | $88.3M | $-114.0M |
| Q4 25 | — | $83.0M | ||
| Q3 25 | — | $80.7M | ||
| Q2 25 | — | $34.1M | ||
| Q1 25 | $174.5M | $-69.7M | ||
| Q4 24 | — | $-96.0M | ||
| Q3 24 | — | $-37.9M | ||
| Q2 24 | — | $-10.1M | ||
| Q1 24 | — | $-251.5M |
| Q4 25 | — | 9.4% | ||
| Q3 25 | — | 9.0% | ||
| Q2 25 | — | 4.2% | ||
| Q1 25 | 18.1% | -8.6% | ||
| Q4 24 | — | -11.8% | ||
| Q3 24 | — | -4.6% | ||
| Q2 24 | — | -1.4% | ||
| Q1 24 | — | -34.1% |
| Q4 25 | — | 5.5% | ||
| Q3 25 | — | 6.3% | ||
| Q2 25 | — | 6.5% | ||
| Q1 25 | 0.5% | 6.3% | ||
| Q4 24 | — | 8.0% | ||
| Q3 24 | — | 5.9% | ||
| Q2 24 | — | 9.1% | ||
| Q1 24 | — | 18.6% |
| Q4 25 | 3.47× | 3.64× | ||
| Q3 25 | 4.30× | 2.66× | ||
| Q2 25 | 9.11× | 10.78× | ||
| Q1 25 | — | -1.35× | ||
| Q4 24 | — | -0.95× | ||
| Q3 24 | 195.23× | 0.39× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | -10.01× |
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% |
RH
| RH Segment | $835.8M | 95% |
| Waterworks Segment | $48.0M | 5% |
| Gift Card And Merchandise Credit | $4.5M | 1% |
