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哔哩哔哩（BILI）与Ovintiv Inc.（OVV）财务数据对比。点击上方公司名可切换其他公司
Ovintiv Inc.的季度营收约是哔哩哔哩的1.6倍（$2.1B vs $1.3B），Ovintiv Inc.净利率更高（46.1% vs 6.0%，领先40.1%），哔哩哔哩同比增速更快（26.2% vs -6.0%），过去两年哔哩哔哩的营收复合增速更高（27.3% vs -7.2%）
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。
Ovintiv Inc.是一家总部位于美国丹佛的石油企业，前身为加拿大能源公司Encana，于2020年通过重组正式成立，主营石油、天然气的勘探、开发与生产业务，在北美能源领域拥有丰富的运营经验及市场积累。
BILI vs OVV — 直观对比
营收规模更大
OVV
是对方的1.6倍
$1.3B
营收增速更快
BILI
高出32.2%
-6.0%
净利率更高
OVV
高出40.1%
6.0%
两年增速更快
BILI
近两年复合增速
-7.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $2.1B |
| 净利润 | $75.7M | $946.0M |
| 毛利率 | 37.0% | — |
| 营业利润率 | 5.8% | 21.2% |
| 净利率 | 6.0% | 46.1% |
| 营收同比 | 26.2% | -6.0% |
| 净利润同比 | 143.0% | 1676.7% |
| 每股收益（稀释后） | $1.14 | $3.64 |
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BILIOVV
| Q4 25 | $1.3B | $2.1B | ||
| Q3 25 | $1.1B | $2.0B | ||
| Q2 25 | $1.0B | $2.2B | ||
| Q1 25 | $965.1M | $2.4B | ||
| Q4 24 | $1.0B | $2.2B | ||
| Q3 24 | $1.0B | $2.2B | ||
| Q2 24 | $843.1M | $2.2B | ||
| Q1 24 | $784.5M | $2.4B |
净利润BILIOVV
| Q4 25 | $75.7M | $946.0M | ||
| Q3 25 | $65.9M | $148.0M | ||
| Q2 25 | $30.5M | $307.0M | ||
| Q1 25 | $-1.5M | $-159.0M | ||
| Q4 24 | $-176.0M | $-60.0M | ||
| Q3 24 | $11.4M | $507.0M | ||
| Q2 24 | $83.7M | $340.0M | ||
| Q1 24 | $-105.9M | $338.0M |
毛利率BILIOVV
| 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BILIOVV
| Q4 25 | 5.8% | 21.2% | ||
| Q3 25 | 4.6% | 13.5% | ||
| Q2 25 | 3.4% | 23.1% | ||
| Q1 25 | 0.2% | -3.7% | ||
| Q4 24 | -16.0% | 0.1% | ||
| Q3 24 | 0.9% | 24.2% | ||
| Q2 24 | 9.5% | 25.4% | ||
| Q1 24 | -14.5% | 20.7% |
净利率BILIOVV
| Q4 25 | 6.0% | 46.1% | ||
| Q3 25 | 6.1% | 7.3% | ||
| Q2 25 | 3.0% | 13.9% | ||
| Q1 25 | -0.2% | -6.7% | ||
| Q4 24 | -17.5% | -2.7% | ||
| Q3 24 | 1.1% | 23.3% | ||
| Q2 24 | 9.9% | 15.5% | ||
| Q1 24 | -13.5% | 14.2% |
每股收益（稀释后）BILIOVV
| Q4 25 | $1.14 | $3.64 | ||
| Q3 25 | $1.05 | $0.57 | ||
| Q2 25 | $0.51 | $1.18 | ||
| Q1 25 | $0.00 | $-0.61 | ||
| Q4 24 | $0.21 | $-0.22 | ||
| Q3 24 | $-0.03 | $1.92 | ||
| Q2 24 | $-0.20 | $1.27 | ||
| Q1 24 | $-1.80 | $1.24 |
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 | $280.0M |
| 总债务越低越好 | $1.4B | $5.2B |
| 股东权益账面价值 | $2.2B | $11.2B |
| 总资产 | $5.9B | $20.4B |
| 负债/权益比越低杠杆越低 | 0.62× | 0.46× |
8季度趋势，按日历期对齐
现金及短期投资BILIOVV
| Q4 25 | $2.7B | $280.0M | ||
| Q3 25 | $2.4B | $25.0M | ||
| Q2 25 | — | $20.0M | ||
| Q1 25 | $1.9B | $8.0M | ||
| Q4 24 | $1.8B | $42.0M | ||
| Q3 24 | $11.7B | $9.0M | ||
| Q2 24 | — | $8.0M | ||
| Q1 24 | $1.1B | $5.0M |
总债务BILIOVV
| Q4 25 | $1.4B | $5.2B | ||
| Q3 25 | $1.4B | $5.2B | ||
| Q2 25 | — | $5.3B | ||
| Q1 25 | $700.3M | $5.5B | ||
| Q4 24 | $662.5M | $5.5B | ||
| Q3 24 | $4.3B | $5.9B | ||
| Q2 24 | — | $6.1B | ||
| Q1 24 | $684.5M | $6.2B |
股东权益BILIOVV
| Q4 25 | $2.2B | $11.2B | ||
| Q3 25 | $2.1B | $10.2B | ||
| Q2 25 | — | $10.4B | ||
| Q1 25 | $2.0B | $10.1B | ||
| Q4 24 | $1.9B | $10.3B | ||
| Q3 24 | $13.7B | $10.7B | ||
| Q2 24 | — | $10.3B | ||
| Q1 24 | $1.9B | $10.3B |
总资产BILIOVV
| Q4 25 | $5.9B | $20.4B | ||
| Q3 25 | $5.6B | $19.4B | ||
| Q2 25 | — | $19.7B | ||
| Q1 25 | $4.6B | $19.6B | ||
| Q4 24 | $4.5B | $19.3B | ||
| Q3 24 | $32.0B | $19.9B | ||
| Q2 24 | — | $19.8B | ||
| Q1 24 | $4.2B | $19.8B |
负债/权益比BILIOVV
| Q4 25 | 0.62× | 0.46× | ||
| Q3 25 | 0.65× | 0.51× | ||
| Q2 25 | — | 0.51× | ||
| Q1 25 | 0.35× | 0.55× | ||
| Q4 24 | 0.34× | 0.53× | ||
| Q3 24 | 0.31× | 0.55× | ||
| Q2 24 | — | 0.59× | ||
| Q1 24 | 0.36× | 0.60× |
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 | $954.0M |
| 自由现金流经营现金流 - 资本支出 | — | $489.0M |
| 自由现金流率自由现金流/营收 | — | 23.8% |
| 资本支出强度资本支出/营收 | — | 22.6% |
| 现金转化率经营现金流/净利润 | 3.47× | 1.01× |
| 过去12个月自由现金流最近4个季度 | — | $1.5B |
8季度趋势，按日历期对齐
经营现金流BILIOVV
| Q4 25 | $263.1M | $954.0M | ||
| Q3 25 | $283.2M | $812.0M | ||
| Q2 25 | $277.7M | $1.0B | ||
| Q1 25 | $179.4M | $873.0M | ||
| Q4 24 | $191.9M | $1.0B | ||
| Q3 24 | $2.2B | $1.0B | ||
| Q2 24 | — | $1.0B | ||
| Q1 24 | $88.3M | $659.0M |
自由现金流BILIOVV
| Q4 25 | — | $489.0M | ||
| Q3 25 | — | $268.0M | ||
| Q2 25 | — | $492.0M | ||
| Q1 25 | $174.5M | $256.0M | ||
| Q4 24 | — | $468.0M | ||
| Q3 24 | — | $484.0M | ||
| Q2 24 | — | $398.0M | ||
| Q1 24 | — | $68.0M |
自由现金流率BILIOVV
| Q4 25 | — | 23.8% | ||
| Q3 25 | — | 13.3% | ||
| Q2 25 | — | 22.2% | ||
| Q1 25 | 18.1% | 10.8% | ||
| Q4 24 | — | 21.4% | ||
| Q3 24 | — | 22.2% | ||
| Q2 24 | — | 18.1% | ||
| Q1 24 | — | 2.8% |
资本支出强度BILIOVV
| Q4 25 | — | 22.6% | ||
| Q3 25 | — | 26.9% | ||
| Q2 25 | — | 23.5% | ||
| Q1 25 | 0.5% | 26.0% | ||
| Q4 24 | — | 25.3% | ||
| Q3 24 | — | 24.7% | ||
| Q2 24 | — | 28.4% | ||
| Q1 24 | — | 24.8% |
现金转化率BILIOVV
| Q4 25 | 3.47× | 1.01× | ||
| Q3 25 | 4.30× | 5.49× | ||
| Q2 25 | 9.11× | 3.30× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 195.23× | 2.02× | ||
| Q2 24 | — | 3.00× | ||
| Q1 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% |
OVV
| Product And Service Revenue | $1.7B | 84% |
| Sales Of Purchased Product | $338.0M | 16% |
