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Side-by-side financial comparison of Bilibili Inc. (BILI) and SM Energy Co (SM). Click either name above to swap in a different company.
Bilibili Inc. is the larger business by last-quarter revenue ($1.3B vs $704.9M, roughly 1.8× SM Energy Co). On growth, Bilibili Inc. posted the faster year-over-year revenue change (26.2% vs -17.3%). Over the past eight quarters, Bilibili Inc.'s revenue compounded faster (27.3% CAGR vs 12.2%).
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.
SM Energy Company is a company engaged in hydrocarbon exploration. It is organized in Delaware and headquartered in Denver, Colorado.
BILI vs SM — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.3B | $704.9M |
| Net Profit | $75.7M | — |
| Gross Margin | 37.0% | — |
| Operating Margin | 5.8% | 25.9% |
| Net Margin | 6.0% | — |
| Revenue YoY | 26.2% | -17.3% |
| Net Profit YoY | 143.0% | — |
| EPS (diluted) | $1.14 | $0.94 |
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 | $704.9M | ||
| Q3 25 | $1.1B | $811.6M | ||
| Q2 25 | $1.0B | $792.9M | ||
| Q1 25 | $965.1M | $844.5M | ||
| Q4 24 | $1.0B | $852.0M | ||
| Q3 24 | $1.0B | $643.6M | ||
| Q2 24 | $843.1M | $634.6M | ||
| Q1 24 | $784.5M | $559.9M |
| Q4 25 | $75.7M | — | ||
| Q3 25 | $65.9M | $155.1M | ||
| Q2 25 | $30.5M | $201.7M | ||
| Q1 25 | $-1.5M | $182.3M | ||
| Q4 24 | $-176.0M | — | ||
| Q3 24 | $11.4M | $240.5M | ||
| Q2 24 | $83.7M | $210.3M | ||
| Q1 24 | $-105.9M | $131.2M |
| 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 24 | 28.3% | — |
| Q4 25 | 5.8% | 25.9% | ||
| Q3 25 | 4.6% | 30.4% | ||
| Q2 25 | 3.4% | 37.2% | ||
| Q1 25 | 0.2% | 32.7% | ||
| Q4 24 | -16.0% | 33.7% | ||
| Q3 24 | 0.9% | 51.4% | ||
| Q2 24 | 9.5% | 44.0% | ||
| Q1 24 | -14.5% | 31.9% |
| Q4 25 | 6.0% | — | ||
| Q3 25 | 6.1% | 19.1% | ||
| Q2 25 | 3.0% | 25.4% | ||
| Q1 25 | -0.2% | 21.6% | ||
| Q4 24 | -17.5% | — | ||
| Q3 24 | 1.1% | 37.4% | ||
| Q2 24 | 9.9% | 33.1% | ||
| Q1 24 | -13.5% | 23.4% |
| Q4 25 | $1.14 | $0.94 | ||
| Q3 25 | $1.05 | $1.35 | ||
| Q2 25 | $0.51 | $1.76 | ||
| Q1 25 | $0.00 | $1.59 | ||
| Q4 24 | $0.21 | $1.63 | ||
| Q3 24 | $-0.03 | $2.09 | ||
| Q2 24 | $-0.20 | $1.82 | ||
| Q1 24 | $-1.80 | $1.13 |
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 | $368.0M |
| Total DebtLower is stronger | $1.4B | — |
| Stockholders' EquityBook value | $2.2B | $4.8B |
| Total Assets | $5.9B | $9.3B |
| Debt / EquityLower = less leverage | 0.62× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.7B | $368.0M | ||
| Q3 25 | $2.4B | $162.3M | ||
| Q2 25 | — | $101.9M | ||
| Q1 25 | $1.9B | $54.0K | ||
| Q4 24 | $1.8B | — | ||
| Q3 24 | $11.7B | $1.7B | ||
| Q2 24 | — | $487.9M | ||
| Q1 24 | $1.1B | $506.3M |
| 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 | $4.8B | ||
| Q3 25 | $2.1B | $4.7B | ||
| Q2 25 | — | $4.6B | ||
| Q1 25 | $2.0B | $4.4B | ||
| Q4 24 | $1.9B | $4.2B | ||
| Q3 24 | $13.7B | $4.1B | ||
| Q2 24 | — | $3.8B | ||
| Q1 24 | $1.9B | $3.7B |
| Q4 25 | $5.9B | $9.3B | ||
| Q3 25 | $5.6B | $9.1B | ||
| Q2 25 | — | $9.0B | ||
| Q1 25 | $4.6B | $8.8B | ||
| Q4 24 | $4.5B | $8.6B | ||
| Q3 24 | $32.0B | $8.0B | ||
| Q2 24 | — | $6.7B | ||
| Q1 24 | $4.2B | $6.4B |
| 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 | $451.9M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 3.47× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $263.1M | $451.9M | ||
| Q3 25 | $283.2M | $505.0M | ||
| Q2 25 | $277.7M | $571.1M | ||
| Q1 25 | $179.4M | $483.0M | ||
| Q4 24 | $191.9M | $578.4M | ||
| Q3 24 | $2.2B | $452.3M | ||
| Q2 24 | — | $476.4M | ||
| Q1 24 | $88.3M | $276.0M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $174.5M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 18.1% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.5% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | 3.47× | — | ||
| Q3 25 | 4.30× | 3.26× | ||
| Q2 25 | 9.11× | 2.83× | ||
| Q1 25 | — | 2.65× | ||
| Q4 24 | — | — | ||
| Q3 24 | 195.23× | 1.88× | ||
| Q2 24 | — | 2.27× | ||
| Q1 24 | — | 2.10× |
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% |
SM
Segment breakdown not available.
