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Side-by-side financial comparison of Bilibili Inc. (BILI) and Veralto (VLTO). Click either name above to swap in a different company.

Veralto is the larger business by last-quarter revenue ($1.4B vs $1.3B, roughly 1.1× Bilibili Inc.). Veralto runs the higher net margin — 17.9% vs 6.0%, a 11.9% gap on every dollar of revenue. On growth, Bilibili Inc. posted the faster year-over-year revenue change (26.2% vs 6.8%). Over the past eight quarters, Bilibili Inc.'s revenue compounded faster (27.3% CAGR vs 6.8%).

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.

Veralto Corporation is an American technology company headquartered in Waltham, Massachusetts. It produces products related to water analytics, water treatment, marking and coding, and packaging and color.

BILI vs VLTO — Head-to-Head

Bigger by revenue
VLTO
VLTO
1.1× larger
VLTO
$1.4B
$1.3B
BILI
Growing faster (revenue YoY)
BILI
BILI
+19.4% gap
BILI
26.2%
6.8%
VLTO
Higher net margin
VLTO
VLTO
11.9% more per $
VLTO
17.9%
6.0%
BILI
Faster 2-yr revenue CAGR
BILI
BILI
Annualised
BILI
27.3%
6.8%
VLTO

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
BILI
BILI
VLTO
VLTO
Revenue
$1.3B
$1.4B
Net Profit
$75.7M
$254.0M
Gross Margin
37.0%
60.1%
Operating Margin
5.8%
23.8%
Net Margin
6.0%
17.9%
Revenue YoY
26.2%
6.8%
Net Profit YoY
143.0%
12.9%
EPS (diluted)
$1.14
$1.02

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
VLTO
VLTO
Q1 26
$1.4B
Q4 25
$1.3B
$1.4B
Q3 25
$1.1B
$1.4B
Q2 25
$1.0B
$1.3B
Q1 25
$965.1M
Q4 24
$1.0B
$1.3B
Q3 24
$1.0B
$1.3B
Q2 24
$843.1M
$1.3B
Net Profit
BILI
BILI
VLTO
VLTO
Q1 26
$254.0M
Q4 25
$75.7M
$239.0M
Q3 25
$65.9M
$222.0M
Q2 25
$30.5M
$225.0M
Q1 25
$-1.5M
Q4 24
$-176.0M
$227.0M
Q3 24
$11.4M
$219.0M
Q2 24
$83.7M
$203.0M
Gross Margin
BILI
BILI
VLTO
VLTO
Q1 26
60.1%
Q4 25
37.0%
60.1%
Q3 25
36.7%
60.0%
Q2 25
36.5%
60.4%
Q1 25
36.3%
Q4 24
36.2%
59.6%
Q3 24
34.9%
59.6%
Q2 24
29.9%
60.1%
Operating Margin
BILI
BILI
VLTO
VLTO
Q1 26
23.8%
Q4 25
5.8%
23.2%
Q3 25
4.6%
22.8%
Q2 25
3.4%
24.2%
Q1 25
0.2%
Q4 24
-16.0%
22.9%
Q3 24
0.9%
23.4%
Q2 24
9.5%
23.2%
Net Margin
BILI
BILI
VLTO
VLTO
Q1 26
17.9%
Q4 25
6.0%
17.0%
Q3 25
6.1%
16.2%
Q2 25
3.0%
16.9%
Q1 25
-0.2%
Q4 24
-17.5%
16.9%
Q3 24
1.1%
16.7%
Q2 24
9.9%
15.8%
EPS (diluted)
BILI
BILI
VLTO
VLTO
Q1 26
$1.02
Q4 25
$1.14
$0.95
Q3 25
$1.05
$0.89
Q2 25
$0.51
$0.90
Q1 25
$0.00
Q4 24
$0.21
$0.91
Q3 24
$-0.03
$0.88
Q2 24
$-0.20
$0.81

Balance Sheet & Financial Strength

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

Metric
BILI
BILI
VLTO
VLTO
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.

Cash + ST Investments
BILI
BILI
VLTO
VLTO
Q1 26
Q4 25
$2.7B
$1.8B
Q3 25
$2.4B
$1.6B
Q2 25
$1.2B
Q1 25
$1.9B
Q4 24
$1.8B
$1.1B
Q3 24
$11.7B
$1.3B
Q2 24
$1.0B
Total Debt
BILI
BILI
VLTO
VLTO
Q1 26
Q4 25
$1.4B
$2.7B
Q3 25
$1.4B
$2.7B
Q2 25
$2.6B
Q1 25
$700.3M
Q4 24
$662.5M
$2.6B
Q3 24
$4.3B
$2.6B
Q2 24
$2.6B
Stockholders' Equity
BILI
BILI
VLTO
VLTO
Q1 26
Q4 25
$2.2B
$2.8B
Q3 25
$2.1B
$2.7B
Q2 25
$2.3B
Q1 25
$2.0B
Q4 24
$1.9B
$2.0B
Q3 24
$13.7B
$2.0B
Q2 24
$1.7B
Total Assets
BILI
BILI
VLTO
VLTO
Q1 26
Q4 25
$5.9B
$7.4B
Q3 25
$5.6B
$7.2B
Q2 25
$6.6B
Q1 25
$4.6B
Q4 24
$4.5B
$6.4B
Q3 24
$32.0B
$6.3B
Q2 24
$5.9B
Debt / Equity
BILI
BILI
VLTO
VLTO
Q1 26
Q4 25
0.62×
0.94×
Q3 25
0.65×
1.01×
Q2 25
1.14×
Q1 25
0.35×
Q4 24
0.34×
1.28×
Q3 24
0.31×
1.35×
Q2 24
1.57×

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
VLTO
VLTO
Operating Cash FlowLast quarter
$263.1M
$182.0M
Free Cash FlowOCF − Capex
$170.0M
FCF MarginFCF / Revenue
12.0%
Capex IntensityCapex / Revenue
0.8%
Cash ConversionOCF / Net Profit
3.47×
0.72×
TTM Free Cash FlowTrailing 4 quarters
$893.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BILI
BILI
VLTO
VLTO
Q1 26
$182.0M
Q4 25
$263.1M
$270.0M
Q3 25
$283.2M
$339.0M
Q2 25
$277.7M
$157.0M
Q1 25
$179.4M
Q4 24
$191.9M
$285.0M
Q3 24
$2.2B
$224.0M
Q2 24
$251.0M
Free Cash Flow
BILI
BILI
VLTO
VLTO
Q1 26
$170.0M
Q4 25
$258.0M
Q3 25
$323.0M
Q2 25
$142.0M
Q1 25
$174.5M
Q4 24
$263.0M
Q3 24
$215.0M
Q2 24
$240.0M
FCF Margin
BILI
BILI
VLTO
VLTO
Q1 26
12.0%
Q4 25
18.4%
Q3 25
23.6%
Q2 25
10.7%
Q1 25
18.1%
Q4 24
19.6%
Q3 24
16.4%
Q2 24
18.6%
Capex Intensity
BILI
BILI
VLTO
VLTO
Q1 26
0.8%
Q4 25
0.9%
Q3 25
1.2%
Q2 25
1.1%
Q1 25
0.5%
Q4 24
1.6%
Q3 24
0.7%
Q2 24
0.9%
Cash Conversion
BILI
BILI
VLTO
VLTO
Q1 26
0.72×
Q4 25
3.47×
1.13×
Q3 25
4.30×
1.53×
Q2 25
9.11×
0.70×
Q1 25
Q4 24
1.26×
Q3 24
195.23×
1.02×
Q2 24
1.24×

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%

VLTO
VLTO

Segment breakdown not available.

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