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哔哩哔哩（BILI）与德康医疗（DXCM）财务数据对比。点击上方公司名可切换其他公司
哔哩哔哩的季度营收约是德康医疗的1.0倍（$1.3B vs $1.3B），德康医疗净利率更高（21.2% vs 6.0%，领先15.3%），哔哩哔哩同比增速更快（26.2% vs 21.6%），过去两年哔哩哔哩的营收复合增速更高（27.3% vs 12.0%）
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。
德康医疗是美国跨国医疗保健企业，专注于研发、生产及销售糖尿病管理领域的连续血糖监测（CGM）系列系统。其全球总部及研发中心位于美国加利福尼亚州圣地亚哥，生产基地分布于美国亚利桑那州梅萨、马来西亚峇都交湾及爱尔兰戈尔韦郡阿斯里。
BILI vs DXCM — 直观对比
营收规模更大
BILI
是对方的1.0倍
$1.3B
营收增速更快
BILI
高出4.6%
21.6%
净利率更高
DXCM
高出15.3%
6.0%
两年增速更快
BILI
近两年复合增速
12.0%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $1.3B |
| 净利润 | $75.7M | $267.3M |
| 毛利率 | 37.0% | 62.9% |
| 营业利润率 | 5.8% | 25.6% |
| 净利率 | 6.0% | 21.2% |
| 营收同比 | 26.2% | 21.6% |
| 净利润同比 | 143.0% | 153.6% |
| 每股收益（稀释后） | $1.14 | $0.67 |
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BILIDXCM
| Q1 26 | — | $1.3B | ||
| Q4 25 | $1.3B | $1.3B | ||
| Q3 25 | $1.1B | $1.2B | ||
| Q2 25 | $1.0B | $1.2B | ||
| Q1 25 | $965.1M | $1.0B | ||
| Q4 24 | $1.0B | $1.1B | ||
| Q3 24 | $1.0B | $994.2M | ||
| Q2 24 | $843.1M | $1.0B |
净利润BILIDXCM
| Q1 26 | — | $267.3M | ||
| Q4 25 | $75.7M | $267.3M | ||
| Q3 25 | $65.9M | $283.8M | ||
| Q2 25 | $30.5M | $179.8M | ||
| Q1 25 | $-1.5M | $105.4M | ||
| Q4 24 | $-176.0M | $151.7M | ||
| Q3 24 | $11.4M | $134.6M | ||
| Q2 24 | $83.7M | $143.5M |
毛利率BILIDXCM
| Q1 26 | — | 62.9% | ||
| Q4 25 | 37.0% | 62.9% | ||
| Q3 25 | 36.7% | 60.5% | ||
| Q2 25 | 36.5% | 59.5% | ||
| Q1 25 | 36.3% | 56.9% | ||
| Q4 24 | 36.2% | 58.9% | ||
| Q3 24 | 34.9% | 59.7% | ||
| Q2 24 | 29.9% | 62.4% |
营业利润率BILIDXCM
| Q1 26 | — | 25.6% | ||
| Q4 25 | 5.8% | 25.6% | ||
| Q3 25 | 4.6% | 20.1% | ||
| Q2 25 | 3.4% | 18.4% | ||
| Q1 25 | 0.2% | 12.9% | ||
| Q4 24 | -16.0% | 17.0% | ||
| Q3 24 | 0.9% | 15.3% | ||
| Q2 24 | 9.5% | 15.7% |
净利率BILIDXCM
| Q1 26 | — | 21.2% | ||
| Q4 25 | 6.0% | 21.2% | ||
| Q3 25 | 6.1% | 23.5% | ||
| Q2 25 | 3.0% | 15.5% | ||
| Q1 25 | -0.2% | 10.2% | ||
| Q4 24 | -17.5% | 13.6% | ||
| Q3 24 | 1.1% | 13.5% | ||
| Q2 24 | 9.9% | 14.3% |
每股收益（稀释后）BILIDXCM
| Q1 26 | — | $0.67 | ||
| Q4 25 | $1.14 | $0.67 | ||
| Q3 25 | $1.05 | $0.70 | ||
| Q2 25 | $0.51 | $0.45 | ||
| Q1 25 | $0.00 | $0.27 | ||
| Q4 24 | $0.21 | $0.37 | ||
| Q3 24 | $-0.03 | $0.34 | ||
| Q2 24 | $-0.20 | $0.35 |
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 | $917.7M |
| 总债务越低越好 | $1.4B | — |
| 股东权益账面价值 | $2.2B | $2.7B |
| 总资产 | $5.9B | $6.3B |
| 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BILIDXCM
| Q1 26 | — | $917.7M | ||
| Q4 25 | $2.7B | $917.7M | ||
| Q3 25 | $2.4B | $1.8B | ||
| Q2 25 | — | $1.2B | ||
| Q1 25 | $1.9B | $904.9M | ||
| Q4 24 | $1.8B | $606.1M | ||
| Q3 24 | $11.7B | $621.2M | ||
| Q2 24 | — | $939.2M |
总债务BILIDXCM
| Q1 26 | — | — | ||
| Q4 25 | $1.4B | — | ||
| Q3 25 | $1.4B | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $700.3M | — | ||
| Q4 24 | $662.5M | — | ||
| Q3 24 | $4.3B | — | ||
| Q2 24 | — | — |
股东权益BILIDXCM
| Q1 26 | — | $2.7B | ||
| Q4 25 | $2.2B | $2.7B | ||
| Q3 25 | $2.1B | $2.7B | ||
| Q2 25 | — | $2.6B | ||
| Q1 25 | $2.0B | $2.3B | ||
| Q4 24 | $1.9B | $2.1B | ||
| Q3 24 | $13.7B | $2.0B | ||
| Q2 24 | — | $2.4B |
总资产BILIDXCM
| Q1 26 | — | $6.3B | ||
| Q4 25 | $5.9B | $6.3B | ||
| Q3 25 | $5.6B | $7.5B | ||
| Q2 25 | — | $7.3B | ||
| Q1 25 | $4.6B | $6.8B | ||
| Q4 24 | $4.5B | $6.5B | ||
| Q3 24 | $32.0B | $6.4B | ||
| Q2 24 | — | $6.8B |
负债/权益比BILIDXCM
| Q1 26 | — | — | ||
| Q4 25 | 0.62× | — | ||
| Q3 25 | 0.65× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.35× | — | ||
| Q4 24 | 0.34× | — | ||
| Q3 24 | 0.31× | — | ||
| Q2 24 | — | — |
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 | — |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 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 | — | — |
8季度趋势，按日历期对齐
经营现金流BILIDXCM
| Q1 26 | — | — | ||
| Q4 25 | $263.1M | $294.0M | ||
| Q3 25 | $283.2M | $659.9M | ||
| Q2 25 | $277.7M | $303.0M | ||
| Q1 25 | $179.4M | $183.8M | ||
| Q4 24 | $191.9M | $301.4M | ||
| Q3 24 | $2.2B | $199.5M | ||
| Q2 24 | — | $279.4M |
自由现金流BILIDXCM
| Q1 26 | — | — | ||
| Q4 25 | — | $192.1M | ||
| Q3 25 | — | $579.4M | ||
| Q2 25 | — | $208.9M | ||
| Q1 25 | $174.5M | $96.8M | ||
| Q4 24 | — | $176.8M | ||
| Q3 24 | — | $88.3M | ||
| Q2 24 | — | $213.3M |
自由现金流率BILIDXCM
| Q1 26 | — | — | ||
| Q4 25 | — | 15.3% | ||
| Q3 25 | — | 47.9% | ||
| Q2 25 | — | 18.1% | ||
| Q1 25 | 18.1% | 9.3% | ||
| Q4 24 | — | 15.9% | ||
| Q3 24 | — | 8.9% | ||
| Q2 24 | — | 21.2% |
资本支出强度BILIDXCM
| Q1 26 | — | — | ||
| Q4 25 | — | 8.1% | ||
| Q3 25 | — | 6.7% | ||
| Q2 25 | — | 8.1% | ||
| Q1 25 | 0.5% | 8.4% | ||
| Q4 24 | — | 11.2% | ||
| Q3 24 | — | 11.2% | ||
| Q2 24 | — | 6.6% |
现金转化率BILIDXCM
| Q1 26 | — | — | ||
| Q4 25 | 3.47× | 1.10× | ||
| Q3 25 | 4.30× | 2.33× | ||
| Q2 25 | 9.11× | 1.69× | ||
| Q1 25 | — | 1.74× | ||
| Q4 24 | — | 1.99× | ||
| Q3 24 | 195.23× | 1.48× | ||
| Q2 24 | — | 1.95× |
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% |
DXCM
暂无分部数据
