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Side-by-side financial comparison of Bilibili Inc. (BILI) and Sinclair, Inc. (SBGI). Click either name above to swap in a different company.
Bilibili Inc. is the larger business by last-quarter revenue ($1.3B vs $807.0M, roughly 1.6× Sinclair, Inc.). Bilibili Inc. runs the higher net margin — 6.0% vs 2.5%, a 3.5% gap on every dollar of revenue. On growth, Bilibili Inc. posted the faster year-over-year revenue change (26.2% vs 4.0%). Over the past eight quarters, Bilibili Inc.'s revenue compounded faster (27.3% CAGR vs -1.3%).
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.
Sinclair, Inc., doing business as Sinclair Broadcast Group, is a publicly traded American telecommunications conglomerate that is controlled by the descendants of company founder Julian Sinclair Smith. Headquartered in the Baltimore suburb of Cockeysville, Maryland, the company is the second-largest television station operator in the United States by number of stations after Nexstar Media Group, owning or operating 193 stations across the country in over 100 markets, covering 40% of American ...
BILI vs SBGI — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.3B | $807.0M |
| Net Profit | $75.7M | $20.0M |
| Gross Margin | 37.0% | — |
| Operating Margin | 5.8% | 0.0% |
| Net Margin | 6.0% | 2.5% |
| Revenue YoY | 26.2% | 4.0% |
| Net Profit YoY | 143.0% | — |
| EPS (diluted) | $1.14 | $0.28 |
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 | — | $807.0M | ||
| Q4 25 | $1.3B | $836.0M | ||
| Q3 25 | $1.1B | $773.0M | ||
| Q2 25 | $1.0B | $784.0M | ||
| Q1 25 | $965.1M | $776.0M | ||
| Q4 24 | $1.0B | $1.0B | ||
| Q3 24 | $1.0B | $917.0M | ||
| Q2 24 | $843.1M | $829.0M |
| Q1 26 | — | $20.0M | ||
| Q4 25 | $75.7M | $109.0M | ||
| Q3 25 | $65.9M | $-1.0M | ||
| Q2 25 | $30.5M | $-64.0M | ||
| Q1 25 | $-1.5M | $-156.0M | ||
| Q4 24 | $-176.0M | $176.0M | ||
| Q3 24 | $11.4M | $94.0M | ||
| Q2 24 | $83.7M | $17.0M |
| Q1 26 | — | — | ||
| Q4 25 | 37.0% | — | ||
| Q3 25 | 36.7% | — | ||
| Q2 25 | 36.5% | — | ||
| Q1 25 | 36.3% | — | ||
| Q4 24 | 36.2% | — | ||
| Q3 24 | 34.9% | — | ||
| Q2 24 | 29.9% | — |
| Q1 26 | — | 0.0% | ||
| Q4 25 | 5.8% | 9.6% | ||
| Q3 25 | 4.6% | 7.5% | ||
| Q2 25 | 3.4% | 2.7% | ||
| Q1 25 | 0.2% | 1.8% | ||
| Q4 24 | -16.0% | 26.5% | ||
| Q3 24 | 0.9% | 19.5% | ||
| Q2 24 | 9.5% | 7.7% |
| Q1 26 | — | 2.5% | ||
| Q4 25 | 6.0% | 13.0% | ||
| Q3 25 | 6.1% | -0.1% | ||
| Q2 25 | 3.0% | -8.2% | ||
| Q1 25 | -0.2% | -20.1% | ||
| Q4 24 | -17.5% | 17.5% | ||
| Q3 24 | 1.1% | 10.3% | ||
| Q2 24 | 9.9% | 2.1% |
| Q1 26 | — | $0.28 | ||
| Q4 25 | $1.14 | $1.62 | ||
| Q3 25 | $1.05 | $-0.02 | ||
| Q2 25 | $0.51 | $-0.91 | ||
| Q1 25 | $0.00 | $-2.30 | ||
| Q4 24 | $0.21 | $2.64 | ||
| Q3 24 | $-0.03 | $1.43 | ||
| Q2 24 | $-0.20 | $0.27 |
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 | — |
| Stockholders' EquityBook value | $2.2B | — |
| Total Assets | $5.9B | — |
| Debt / EquityLower = less leverage | 0.62× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $2.7B | $866.0M | ||
| Q3 25 | $2.4B | $526.0M | ||
| Q2 25 | — | $616.0M | ||
| Q1 25 | $1.9B | $631.0M | ||
| Q4 24 | $1.8B | $697.0M | ||
| Q3 24 | $11.7B | $536.0M | ||
| Q2 24 | — | $378.0M |
| Q1 26 | — | — | ||
| Q4 25 | $1.4B | $4.4B | ||
| Q3 25 | $1.4B | $4.1B | ||
| Q2 25 | — | $4.1B | ||
| Q1 25 | $700.3M | $4.2B | ||
| Q4 24 | $662.5M | $4.1B | ||
| Q3 24 | $4.3B | $4.1B | ||
| Q2 24 | — | $4.1B |
| Q1 26 | — | — | ||
| Q4 25 | $2.2B | $443.0M | ||
| Q3 25 | $2.1B | $347.0M | ||
| Q2 25 | — | $361.0M | ||
| Q1 25 | $2.0B | $436.0M | ||
| Q4 24 | $1.9B | $583.0M | ||
| Q3 24 | $13.7B | $415.0M | ||
| Q2 24 | — | $340.0M |
| Q1 26 | — | — | ||
| Q4 25 | $5.9B | $5.9B | ||
| Q3 25 | $5.6B | $5.6B | ||
| Q2 25 | — | $5.7B | ||
| Q1 25 | $4.6B | $5.8B | ||
| Q4 24 | $4.5B | $5.9B | ||
| Q3 24 | $32.0B | $5.8B | ||
| Q2 24 | — | $5.7B |
| Q1 26 | — | — | ||
| Q4 25 | 0.62× | 9.84× | ||
| Q3 25 | 0.65× | 11.75× | ||
| Q2 25 | — | 11.30× | ||
| Q1 25 | 0.35× | 9.56× | ||
| Q4 24 | 0.34× | 7.02× | ||
| Q3 24 | 0.31× | 9.86× | ||
| Q2 24 | — | 12.08× |
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 | — | 1.7% |
| 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 | $98.0M | ||
| Q3 25 | $283.2M | $-36.0M | ||
| Q2 25 | $277.7M | $122.0M | ||
| Q1 25 | $179.4M | $5.0M | ||
| Q4 24 | $191.9M | $198.0M | ||
| Q3 24 | $2.2B | $210.0M | ||
| Q2 24 | — | $-306.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | $79.0M | ||
| Q3 25 | — | $-58.0M | ||
| Q2 25 | — | $105.0M | ||
| Q1 25 | $174.5M | $-11.0M | ||
| Q4 24 | — | $175.0M | ||
| Q3 24 | — | $193.0M | ||
| Q2 24 | — | $-329.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | 9.4% | ||
| Q3 25 | — | -7.5% | ||
| Q2 25 | — | 13.4% | ||
| Q1 25 | 18.1% | -1.4% | ||
| Q4 24 | — | 17.4% | ||
| Q3 24 | — | 21.0% | ||
| Q2 24 | — | -39.7% |
| Q1 26 | — | 1.7% | ||
| Q4 25 | — | 2.3% | ||
| Q3 25 | — | 2.8% | ||
| Q2 25 | — | 2.2% | ||
| Q1 25 | 0.5% | 2.1% | ||
| Q4 24 | — | 2.3% | ||
| Q3 24 | — | 1.9% | ||
| Q2 24 | — | 2.8% |
| Q1 26 | — | — | ||
| Q4 25 | 3.47× | 0.90× | ||
| Q3 25 | 4.30× | — | ||
| Q2 25 | 9.11× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.13× | ||
| Q3 24 | 195.23× | 2.23× | ||
| Q2 24 | — | -18.00× |
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% |
SBGI
| Media revenue | $701.0M | 87% |
| Other | $82.0M | 10% |
| Political advertising revenue | $18.0M | 2% |
| Non-media revenue | $6.0M | 1% |
