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哔哩哔哩（BILI）与Evergy（EVRG）财务数据对比。点击上方公司名可切换其他公司
Evergy的季度营收约是哔哩哔哩的1.0倍（$1.3B vs $1.3B），Evergy净利率更高（6.5% vs 6.0%，领先0.6%），哔哩哔哩同比增速更快（26.2% vs 5.3%），过去两年哔哩哔哩的营收复合增速更高（27.3% vs 0.4%）
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。
Evergy Inc.是美国投资者所有的上市公用事业企业，总部位于堪萨斯州托皮卡和密苏里州堪萨斯城。公司由托皮卡的Westar Energy与堪萨斯城电力与照明公司的母公司Great Plains Energy合并组建，是堪萨斯州规模最大的电力公司，为两州超过170万户住宅、商业及工业客户提供供电服务。
BILI vs EVRG — 直观对比
营收规模更大
EVRG
是对方的1.0倍
$1.3B
营收增速更快
BILI
高出20.9%
5.3%
净利率更高
EVRG
高出0.6%
6.0%
两年增速更快
BILI
近两年复合增速
0.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $1.3B |
| 净利润 | $75.7M | $84.3M |
| 毛利率 | 37.0% | — |
| 营业利润率 | 5.8% | 18.5% |
| 净利率 | 6.0% | 6.5% |
| 营收同比 | 26.2% | 5.3% |
| 净利润同比 | 143.0% | 7.8% |
| 每股收益（稀释后） | $1.14 | $0.35 |
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BILIEVRG
| Q4 25 | $1.3B | $1.3B | ||
| Q3 25 | $1.1B | $1.8B | ||
| Q2 25 | $1.0B | $1.4B | ||
| Q1 25 | $965.1M | $1.3B | ||
| Q4 24 | $1.0B | $1.2B | ||
| Q3 24 | $1.0B | $1.8B | ||
| Q2 24 | $843.1M | $1.4B | ||
| Q1 24 | $784.5M | $1.3B |
净利润BILIEVRG
| Q4 25 | $75.7M | $84.3M | ||
| Q3 25 | $65.9M | $475.0M | ||
| Q2 25 | $30.5M | $171.3M | ||
| Q1 25 | $-1.5M | $125.0M | ||
| Q4 24 | $-176.0M | $78.2M | ||
| Q3 24 | $11.4M | $465.6M | ||
| Q2 24 | $83.7M | $207.0M | ||
| Q1 24 | $-105.9M | $122.7M |
毛利率BILIEVRG
| 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BILIEVRG
| Q4 25 | 5.8% | 18.5% | ||
| Q3 25 | 4.6% | 37.3% | ||
| Q2 25 | 3.4% | 25.4% | ||
| Q1 25 | 0.2% | 22.5% | ||
| Q4 24 | -16.0% | 18.1% | ||
| Q3 24 | 0.9% | 35.1% | ||
| Q2 24 | 9.5% | 25.4% | ||
| Q1 24 | -14.5% | 20.3% |
净利率BILIEVRG
| Q4 25 | 6.0% | 6.5% | ||
| Q3 25 | 6.1% | 26.9% | ||
| Q2 25 | 3.0% | 12.6% | ||
| Q1 25 | -0.2% | 9.7% | ||
| Q4 24 | -17.5% | 6.4% | ||
| Q3 24 | 1.1% | 26.0% | ||
| Q2 24 | 9.9% | 14.7% | ||
| Q1 24 | -13.5% | 9.6% |
每股收益（稀释后）BILIEVRG
| Q4 25 | $1.14 | $0.35 | ||
| Q3 25 | $1.05 | $2.03 | ||
| Q2 25 | $0.51 | $0.74 | ||
| Q1 25 | $0.00 | $0.54 | ||
| Q4 24 | $0.21 | $0.34 | ||
| Q3 24 | $-0.03 | $2.02 | ||
| Q2 24 | $-0.20 | $0.90 | ||
| Q1 24 | $-1.80 | $0.53 |
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 | $19.8M |
| 总债务越低越好 | $1.4B | — |
| 股东权益账面价值 | $2.2B | $10.2B |
| 总资产 | $5.9B | $33.9B |
| 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BILIEVRG
| Q4 25 | $2.7B | $19.8M | ||
| Q3 25 | $2.4B | $27.5M | ||
| Q2 25 | — | $27.8M | ||
| Q1 25 | $1.9B | $35.3M | ||
| Q4 24 | $1.8B | $22.0M | ||
| Q3 24 | $11.7B | $34.6M | ||
| Q2 24 | — | $26.1M | ||
| Q1 24 | $1.1B | $63.7M |
总债务BILIEVRG
| 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BILIEVRG
| Q4 25 | $2.2B | $10.2B | ||
| Q3 25 | $2.1B | $10.3B | ||
| Q2 25 | — | $10.0B | ||
| Q1 25 | $2.0B | $9.9B | ||
| Q4 24 | $1.9B | $10.0B | ||
| Q3 24 | $13.7B | $10.0B | ||
| Q2 24 | — | $9.7B | ||
| Q1 24 | $1.9B | $9.6B |
总资产BILIEVRG
| Q4 25 | $5.9B | $33.9B | ||
| Q3 25 | $5.6B | $33.4B | ||
| Q2 25 | — | $32.9B | ||
| Q1 25 | $4.6B | $32.5B | ||
| Q4 24 | $4.5B | $32.3B | ||
| Q3 24 | $32.0B | $32.1B | ||
| Q2 24 | — | $31.8B | ||
| Q1 24 | $4.2B | $31.3B |
负债/权益比BILIEVRG
| 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 | $334.0M |
| 自由现金流经营现金流 - 资本支出 | — | $-530.5M |
| 自由现金流率自由现金流/营收 | — | -41.1% |
| 资本支出强度资本支出/营收 | — | 66.9% |
| 现金转化率经营现金流/净利润 | 3.47× | 3.96× |
| 过去12个月自由现金流最近4个季度 | — | $-751.7M |
8季度趋势，按日历期对齐
经营现金流BILIEVRG
| Q4 25 | $263.1M | $334.0M | ||
| Q3 25 | $283.2M | $937.7M | ||
| Q2 25 | $277.7M | $323.9M | ||
| Q1 25 | $179.4M | $449.6M | ||
| Q4 24 | $191.9M | $395.6M | ||
| Q3 24 | $2.2B | $953.3M | ||
| Q2 24 | — | $317.5M | ||
| Q1 24 | $88.3M | $317.3M |
自由现金流BILIEVRG
| Q4 25 | — | $-530.5M | ||
| Q3 25 | — | $225.4M | ||
| Q2 25 | — | $-303.4M | ||
| Q1 25 | $174.5M | $-143.2M | ||
| Q4 24 | — | $-118.6M | ||
| Q3 24 | — | $427.0M | ||
| Q2 24 | — | $-360.0M | ||
| Q1 24 | — | $-301.3M |
自由现金流率BILIEVRG
| Q4 25 | — | -41.1% | ||
| Q3 25 | — | 12.8% | ||
| Q2 25 | — | -22.4% | ||
| Q1 25 | 18.1% | -11.1% | ||
| Q4 24 | — | -9.7% | ||
| Q3 24 | — | 23.9% | ||
| Q2 24 | — | -25.6% | ||
| Q1 24 | — | -23.5% |
资本支出强度BILIEVRG
| Q4 25 | — | 66.9% | ||
| Q3 25 | — | 40.4% | ||
| Q2 25 | — | 46.3% | ||
| Q1 25 | 0.5% | 45.8% | ||
| Q4 24 | — | 41.9% | ||
| Q3 24 | — | 29.4% | ||
| Q2 24 | — | 48.1% | ||
| Q1 24 | — | 48.3% |
现金转化率BILIEVRG
| Q4 25 | 3.47× | 3.96× | ||
| Q3 25 | 4.30× | 1.97× | ||
| Q2 25 | 9.11× | 1.89× | ||
| Q1 25 | — | 3.60× | ||
| Q4 24 | — | 5.06× | ||
| Q3 24 | 195.23× | 2.05× | ||
| Q2 24 | — | 1.53× | ||
| Q1 24 | — | 2.59× |
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% |
EVRG
| Electric Utility Customer Class Residential | $462.9M | 36% |
| Electric Utility Customer Class Commercial | $447.6M | 35% |
| Electric Utility Customer Class Industrial | $164.1M | 13% |
| Electric Utility Customer Class Transmission | $129.4M | 10% |
| Electric Utility Customer Class Wholesale | $69.7M | 5% |
| Electric Utility Customer Class Other Retail | $12.2M | 1% |
| Electric Utility Customer Class Industrial Steam | $5.7M | 0% |
