vs
哔哩哔哩（BILI）与Compass, Inc.（COMP）财务数据对比。点击上方公司名可切换其他公司
Compass, 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 -2.5%，领先8.5%），哔哩哔哩同比增速更快（26.2% vs 23.1%），过去两年哔哩哔哩的营收复合增速更高（27.3% vs 27.0%）
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。
Compass, Inc.是美国主营住宅房产经纪业务的企业，其平台旗下有约3.3万名经纪人，大多为独立合同工，运营Compass、21世纪不动产、科威国际不动产、苏富比国际地产、佳士得国际地产等多个知名房产经纪品牌。
BILI vs COMP — 直观对比
营收规模更大
COMP
是对方的1.3倍
$1.3B
营收增速更快
BILI
高出3.0%
23.1%
净利率更高
BILI
高出8.5%
-2.5%
两年增速更快
BILI
近两年复合增速
27.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $1.7B |
| 净利润 | $75.7M | $-42.6M |
| 毛利率 | 37.0% | — |
| 营业利润率 | 5.8% | -2.5% |
| 净利率 | 6.0% | -2.5% |
| 营收同比 | 26.2% | 23.1% |
| 净利润同比 | 143.0% | -5.2% |
| 每股收益（稀释后） | $1.14 | $-0.07 |
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BILICOMP
| Q4 25 | $1.3B | $1.7B | ||
| Q3 25 | $1.1B | $1.8B | ||
| Q2 25 | $1.0B | $2.1B | ||
| Q1 25 | $965.1M | $1.4B | ||
| Q4 24 | $1.0B | $1.4B | ||
| Q3 24 | $1.0B | $1.5B | ||
| Q2 24 | $843.1M | $1.7B | ||
| Q1 24 | $784.5M | $1.1B |
净利润BILICOMP
| Q4 25 | $75.7M | $-42.6M | ||
| Q3 25 | $65.9M | $-4.6M | ||
| Q2 25 | $30.5M | $39.4M | ||
| Q1 25 | $-1.5M | $-50.7M | ||
| Q4 24 | $-176.0M | $-40.5M | ||
| Q3 24 | $11.4M | $-1.7M | ||
| Q2 24 | $83.7M | $20.7M | ||
| Q1 24 | $-105.9M | $-132.9M |
毛利率BILICOMP
| 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% | — |
营业利润率BILICOMP
| Q4 25 | 5.8% | -2.5% | ||
| Q3 25 | 4.6% | -0.4% | ||
| Q2 25 | 3.4% | 1.9% | ||
| Q1 25 | 0.2% | -4.0% | ||
| Q4 24 | -16.0% | -2.9% | ||
| Q3 24 | 0.9% | -0.2% | ||
| Q2 24 | 9.5% | 1.3% | ||
| Q1 24 | -14.5% | -12.5% |
净利率BILICOMP
| Q4 25 | 6.0% | -2.5% | ||
| Q3 25 | 6.1% | -0.2% | ||
| Q2 25 | 3.0% | 1.9% | ||
| Q1 25 | -0.2% | -3.7% | ||
| Q4 24 | -17.5% | -2.9% | ||
| Q3 24 | 1.1% | -0.1% | ||
| Q2 24 | 9.9% | 1.2% | ||
| Q1 24 | -13.5% | -12.6% |
每股收益（稀释后）BILICOMP
| Q4 25 | $1.14 | $-0.07 | ||
| Q3 25 | $1.05 | $-0.01 | ||
| Q2 25 | $0.51 | $0.07 | ||
| Q1 25 | $0.00 | $-0.09 | ||
| Q4 24 | $0.21 | $-0.08 | ||
| Q3 24 | $-0.03 | $0.00 | ||
| Q2 24 | $-0.20 | $0.04 | ||
| Q1 24 | $-1.80 | $-0.27 |
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 | $2.7B | $199.0M |
| 总债务越低越好 | $1.4B | — |
| 股东权益账面价值 | $2.2B | $782.0M |
| 总资产 | $5.9B | $1.5B |
| 负债/权益比越低杠杆越低 | 0.62× | — |
8季度趋势，按日历期对齐
现金及短期投资BILICOMP
| Q4 25 | $2.7B | $199.0M | ||
| Q3 25 | $2.4B | $170.3M | ||
| Q2 25 | — | $177.3M | ||
| Q1 25 | $1.9B | $127.0M | ||
| Q4 24 | $1.8B | $223.8M | ||
| Q3 24 | $11.7B | $211.2M | ||
| Q2 24 | — | $185.8M | ||
| Q1 24 | $1.1B | $165.9M |
总债务BILICOMP
| 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 | — |
股东权益BILICOMP
| Q4 25 | $2.2B | $782.0M | ||
| Q3 25 | $2.1B | $773.3M | ||
| Q2 25 | — | $719.9M | ||
| Q1 25 | $2.0B | $635.0M | ||
| Q4 24 | $1.9B | $409.4M | ||
| Q3 24 | $13.7B | $428.0M | ||
| Q2 24 | — | $398.4M | ||
| Q1 24 | $1.9B | $330.3M |
总资产BILICOMP
| Q4 25 | $5.9B | $1.5B | ||
| Q3 25 | $5.6B | $1.6B | ||
| Q2 25 | — | $1.6B | ||
| Q1 25 | $4.6B | $1.5B | ||
| Q4 24 | $4.5B | $1.2B | ||
| Q3 24 | $32.0B | $1.2B | ||
| Q2 24 | — | $1.2B | ||
| Q1 24 | $4.2B | $1.1B |
负债/权益比BILICOMP
| 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× | — |
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 | $263.1M | $45.3M |
| 自由现金流经营现金流 - 资本支出 | — | $42.2M |
| 自由现金流率自由现金流/营收 | — | 2.5% |
| 资本支出强度资本支出/营收 | — | 0.2% |
| 现金转化率经营现金流/净利润 | 3.47× | — |
| 过去12个月自由现金流最近4个季度 | — | $203.3M |
8季度趋势，按日历期对齐
经营现金流BILICOMP
| Q4 25 | $263.1M | $45.3M | ||
| Q3 25 | $283.2M | $75.5M | ||
| Q2 25 | $277.7M | $72.8M | ||
| Q1 25 | $179.4M | $23.1M | ||
| Q4 24 | $191.9M | $30.5M | ||
| Q3 24 | $2.2B | $37.4M | ||
| Q2 24 | — | $45.0M | ||
| Q1 24 | $88.3M | $8.6M |
自由现金流BILICOMP
| Q4 25 | — | $42.2M | ||
| Q3 25 | — | $73.6M | ||
| Q2 25 | — | $68.0M | ||
| Q1 25 | $174.5M | $19.5M | ||
| Q4 24 | — | $26.7M | ||
| Q3 24 | — | $32.8M | ||
| Q2 24 | — | $40.4M | ||
| Q1 24 | — | $5.9M |
自由现金流率BILICOMP
| Q4 25 | — | 2.5% | ||
| Q3 25 | — | 4.0% | ||
| Q2 25 | — | 3.3% | ||
| Q1 25 | 18.1% | 1.4% | ||
| Q4 24 | — | 1.9% | ||
| Q3 24 | — | 2.2% | ||
| Q2 24 | — | 2.4% | ||
| Q1 24 | — | 0.6% |
资本支出强度BILICOMP
| Q4 25 | — | 0.2% | ||
| Q3 25 | — | 0.1% | ||
| Q2 25 | — | 0.2% | ||
| Q1 25 | 0.5% | 0.3% | ||
| Q4 24 | — | 0.3% | ||
| Q3 24 | — | 0.3% | ||
| Q2 24 | — | 0.3% | ||
| Q1 24 | — | 0.3% |
现金转化率BILICOMP
| Q4 25 | 3.47× | — | ||
| Q3 25 | 4.30× | — | ||
| Q2 25 | 9.11× | 1.85× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 195.23× | — | ||
| Q2 24 | — | 2.17× | ||
| Q1 24 | — | — |
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
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% |
COMP
暂无分部数据
