vs
Avantor, Inc.（AVTR）与哔哩哔哩（BILI）财务数据对比。点击上方公司名可切换其他公司
Avantor, Inc.的季度营收约是哔哩哔哩的1.3倍（$1.7B vs $1.3B），哔哩哔哩净利率更高（6.0% vs 3.1%，领先2.8%），哔哩哔哩同比增速更快（26.2% vs -1.4%），过去两年哔哩哔哩的营收复合增速更高（27.3% vs -0.5%）
Avantor是一家总部位于美国宾夕法尼亚州拉德诺的生物技术、化工及制药领域企业，前身为1904年成立的J.T. Baker，2010年正式更名，2019年在纽约证券交易所挂牌上市，股票代码为AVTR，为全球生命科学、医疗健康等行业客户提供核心产品与服务。
哔哩哔哩（常被网友称为“B站”）是总部位于上海的中国知名在线视频平台，用户可在平台上传、观看各类视频内容，还能发送实时弹幕与其他观众互动，是国内深受年轻群体喜爱的文化社区。
AVTR vs BILI — 直观对比
营收规模更大
AVTR
是对方的1.3倍
$1.3B
营收增速更快
BILI
高出27.5%
-1.4%
净利率更高
BILI
高出2.8%
3.1%
两年增速更快
BILI
近两年复合增速
-0.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.7B | $1.3B |
| 净利润 | $52.4M | $75.7M |
| 毛利率 | 31.5% | 37.0% |
| 营业利润率 | 7.6% | 5.8% |
| 净利率 | 3.1% | 6.0% |
| 营收同比 | -1.4% | 26.2% |
| 净利润同比 | -89.5% | 143.0% |
| 每股收益（稀释后） | $0.08 | $1.14 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收AVTRBILI
| Q4 25 | $1.7B | $1.3B | ||
| Q3 25 | $1.6B | $1.1B | ||
| Q2 25 | $1.7B | $1.0B | ||
| Q1 25 | $1.6B | $965.1M | ||
| Q4 24 | $1.7B | $1.0B | ||
| Q3 24 | $1.7B | $1.0B | ||
| Q2 24 | $1.7B | $843.1M | ||
| Q1 24 | $1.7B | $784.5M |
净利润AVTRBILI
| Q4 25 | $52.4M | $75.7M | ||
| Q3 25 | $-711.8M | $65.9M | ||
| Q2 25 | $64.7M | $30.5M | ||
| Q1 25 | $64.5M | $-1.5M | ||
| Q4 24 | $500.4M | $-176.0M | ||
| Q3 24 | $57.8M | $11.4M | ||
| Q2 24 | $92.9M | $83.7M | ||
| Q1 24 | $60.4M | $-105.9M |
毛利率AVTRBILI
| Q4 25 | 31.5% | 37.0% | ||
| Q3 25 | 32.4% | 36.7% | ||
| Q2 25 | 32.9% | 36.5% | ||
| Q1 25 | 33.8% | 36.3% | ||
| Q4 24 | 33.4% | 36.2% | ||
| Q3 24 | 32.9% | 34.9% | ||
| Q2 24 | 34.1% | 29.9% | ||
| Q1 24 | 34.0% | 28.3% |
营业利润率AVTRBILI
| Q4 25 | 7.6% | 5.8% | ||
| Q3 25 | -40.0% | 4.6% | ||
| Q2 25 | 7.7% | 3.4% | ||
| Q1 25 | 9.3% | 0.2% | ||
| Q4 24 | 37.8% | -16.0% | ||
| Q3 24 | 7.3% | 0.9% | ||
| Q2 24 | 10.3% | 9.5% | ||
| Q1 24 | 8.7% | -14.5% |
净利率AVTRBILI
| Q4 25 | 3.1% | 6.0% | ||
| Q3 25 | -43.8% | 6.1% | ||
| Q2 25 | 3.8% | 3.0% | ||
| Q1 25 | 4.1% | -0.2% | ||
| Q4 24 | 29.7% | -17.5% | ||
| Q3 24 | 3.4% | 1.1% | ||
| Q2 24 | 5.5% | 9.9% | ||
| Q1 24 | 3.6% | -13.5% |
每股收益（稀释后）AVTRBILI
| Q4 25 | $0.08 | $1.14 | ||
| Q3 25 | $-1.04 | $1.05 | ||
| Q2 25 | $0.09 | $0.51 | ||
| Q1 25 | $0.09 | $0.00 | ||
| Q4 24 | $0.73 | $0.21 | ||
| Q3 24 | $0.08 | $-0.03 | ||
| Q2 24 | $0.14 | $-0.20 | ||
| Q1 24 | $0.09 | $-1.80 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $365.4M | $2.7B |
| 总债务越低越好 | $3.9B | $1.4B |
| 股东权益账面价值 | $5.6B | $2.2B |
| 总资产 | $11.8B | $5.9B |
| 负债/权益比越低杠杆越低 | 0.71× | 0.62× |
8季度趋势，按日历期对齐
现金及短期投资AVTRBILI
| Q4 25 | $365.4M | $2.7B | ||
| Q3 25 | $251.9M | $2.4B | ||
| Q2 25 | $449.4M | — | ||
| Q1 25 | $315.7M | $1.9B | ||
| Q4 24 | $261.9M | $1.8B | ||
| Q3 24 | $285.3M | $11.7B | ||
| Q2 24 | $272.6M | — | ||
| Q1 24 | $234.9M | $1.1B |
总债务AVTRBILI
| Q4 25 | $3.9B | $1.4B | ||
| Q3 25 | $3.9B | $1.4B | ||
| Q2 25 | $4.2B | — | ||
| Q1 25 | $4.1B | $700.3M | ||
| Q4 24 | $4.1B | $662.5M | ||
| Q3 24 | $4.9B | $4.3B | ||
| Q2 24 | $5.1B | — | ||
| Q1 24 | $5.3B | $684.5M |
股东权益AVTRBILI
| Q4 25 | $5.6B | $2.2B | ||
| Q3 25 | $5.6B | $2.1B | ||
| Q2 25 | $6.3B | — | ||
| Q1 25 | $6.1B | $2.0B | ||
| Q4 24 | $6.0B | $1.9B | ||
| Q3 24 | $5.6B | $13.7B | ||
| Q2 24 | $5.4B | — | ||
| Q1 24 | $5.3B | $1.9B |
总资产AVTRBILI
| Q4 25 | $11.8B | $5.9B | ||
| Q3 25 | $11.7B | $5.6B | ||
| Q2 25 | $12.8B | — | ||
| Q1 25 | $12.3B | $4.6B | ||
| Q4 24 | $12.1B | $4.5B | ||
| Q3 24 | $12.8B | $32.0B | ||
| Q2 24 | $12.7B | — | ||
| Q1 24 | $12.8B | $4.2B |
负债/权益比AVTRBILI
| Q4 25 | 0.71× | 0.62× | ||
| Q3 25 | 0.69× | 0.65× | ||
| Q2 25 | 0.67× | — | ||
| Q1 25 | 0.67× | 0.35× | ||
| Q4 24 | 0.68× | 0.34× | ||
| Q3 24 | 0.89× | 0.31× | ||
| Q2 24 | 0.94× | — | ||
| Q1 24 | 1.00× | 0.36× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $152.7M | $263.1M |
| 自由现金流经营现金流 - 资本支出 | $117.2M | — |
| 自由现金流率自由现金流/营收 | 7.0% | — |
| 资本支出强度资本支出/营收 | 2.1% | — |
| 现金转化率经营现金流/净利润 | 2.91× | 3.47× |
| 过去12个月自由现金流最近4个季度 | $495.0M | — |
8季度趋势，按日历期对齐
经营现金流AVTRBILI
| Q4 25 | $152.7M | $263.1M | ||
| Q3 25 | $207.4M | $283.2M | ||
| Q2 25 | $154.4M | $277.7M | ||
| Q1 25 | $109.3M | $179.4M | ||
| Q4 24 | $173.3M | $191.9M | ||
| Q3 24 | $244.8M | $2.2B | ||
| Q2 24 | $281.1M | — | ||
| Q1 24 | $141.6M | $88.3M |
自由现金流AVTRBILI
| Q4 25 | $117.2M | — | ||
| Q3 25 | $171.7M | — | ||
| Q2 25 | $124.8M | — | ||
| Q1 25 | $81.3M | $174.5M | ||
| Q4 24 | $145.8M | — | ||
| Q3 24 | $204.0M | — | ||
| Q2 24 | $235.3M | — | ||
| Q1 24 | $106.9M | — |
自由现金流率AVTRBILI
| Q4 25 | 7.0% | — | ||
| Q3 25 | 10.6% | — | ||
| Q2 25 | 7.4% | — | ||
| Q1 25 | 5.1% | 18.1% | ||
| Q4 24 | 8.6% | — | ||
| Q3 24 | 11.9% | — | ||
| Q2 24 | 13.8% | — | ||
| Q1 24 | 6.4% | — |
资本支出强度AVTRBILI
| Q4 25 | 2.1% | — | ||
| Q3 25 | 2.2% | — | ||
| Q2 25 | 1.8% | — | ||
| Q1 25 | 1.8% | 0.5% | ||
| Q4 24 | 1.6% | — | ||
| Q3 24 | 2.4% | — | ||
| Q2 24 | 2.7% | — | ||
| Q1 24 | 2.1% | — |
现金转化率AVTRBILI
| Q4 25 | 2.91× | 3.47× | ||
| Q3 25 | — | 4.30× | ||
| Q2 25 | 2.39× | 9.11× | ||
| Q1 25 | 1.69× | — | ||
| Q4 24 | 0.35× | — | ||
| Q3 24 | 4.24× | 195.23× | ||
| Q2 24 | 3.03× | — | ||
| Q1 24 | 2.34× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
AVTR
| Laboratory Solutions Segment | $1.1B | 67% |
| Bioscience Production Segment | $547.5M | 33% |
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% |
