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哔哩哔哩（BILI）与瑞思迈（RMD）财务数据对比。点击上方公司名可切换其他公司
瑞思迈的季度营收约是哔哩哔哩的1.1倍（$1.4B vs $1.3B），瑞思迈净利率更高（27.6% vs 6.0%，领先21.6%），哔哩哔哩同比增速更快（26.2% vs 11.0%），过去两年哔哩哔哩的营收复合增速更高（27.3% vs 7.8%）
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。
瑞思迈是一家起源于澳大利亚、总部位于美国加利福尼亚州圣迭戈的医疗设备企业，主打可接入云端的呼吸类医疗设备，用于治疗睡眠呼吸暂停、慢性阻塞性肺病等呼吸道疾病，新冠疫情期间曾大量生产呼吸机等设备助力患者救治。
BILI vs RMD — 直观对比
营收规模更大
RMD
是对方的1.1倍
$1.3B
营收增速更快
BILI
高出15.2%
11.0%
净利率更高
RMD
高出21.6%
6.0%
两年增速更快
BILI
近两年复合增速
7.8%
损益表 — Q4 FY2025 vs Q4 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $1.4B |
| 净利润 | $75.7M | $392.6M |
| 毛利率 | 37.0% | 61.8% |
| 营业利润率 | 5.8% | 34.6% |
| 净利率 | 6.0% | 27.6% |
| 营收同比 | 26.2% | 11.0% |
| 净利润同比 | 143.0% | 13.9% |
| 每股收益（稀释后） | $1.14 | $2.68 |
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BILIRMD
| Q2 26 | — | $1.4B | ||
| Q1 26 | — | $1.4B | ||
| Q4 25 | $1.3B | $1.4B | ||
| Q3 25 | $1.1B | $1.3B | ||
| Q2 25 | $1.0B | $1.3B | ||
| Q1 25 | $965.1M | $1.3B | ||
| Q4 24 | $1.0B | $1.3B | ||
| Q3 24 | $1.0B | $1.2B |
净利润BILIRMD
| Q2 26 | — | $392.6M | ||
| Q1 26 | — | $398.7M | ||
| Q4 25 | $75.7M | $392.6M | ||
| Q3 25 | $65.9M | $348.5M | ||
| Q2 25 | $30.5M | $379.7M | ||
| Q1 25 | $-1.5M | $365.0M | ||
| Q4 24 | $-176.0M | $344.6M | ||
| Q3 24 | $11.4M | $311.4M |
毛利率BILIRMD
| Q2 26 | — | 61.8% | ||
| Q1 26 | — | 62.2% | ||
| Q4 25 | 37.0% | 61.8% | ||
| Q3 25 | 36.7% | 61.5% | ||
| Q2 25 | 36.5% | 60.8% | ||
| Q1 25 | 36.3% | 59.3% | ||
| Q4 24 | 36.2% | 58.6% | ||
| Q3 24 | 34.9% | 58.6% |
营业利润率BILIRMD
| Q2 26 | — | 34.6% | ||
| Q1 26 | — | 34.9% | ||
| Q4 25 | 5.8% | 34.6% | ||
| Q3 25 | 4.6% | 33.4% | ||
| Q2 25 | 3.4% | 33.7% | ||
| Q1 25 | 0.2% | 33.0% | ||
| Q4 24 | -16.0% | 32.5% | ||
| Q3 24 | 0.9% | 31.6% |
净利率BILIRMD
| Q2 26 | — | 27.6% | ||
| Q1 26 | — | 27.9% | ||
| Q4 25 | 6.0% | 27.6% | ||
| Q3 25 | 6.1% | 26.1% | ||
| Q2 25 | 3.0% | 28.2% | ||
| Q1 25 | -0.2% | 28.3% | ||
| Q4 24 | -17.5% | 26.9% | ||
| Q3 24 | 1.1% | 25.4% |
每股收益（稀释后）BILIRMD
| Q2 26 | — | $2.68 | ||
| Q1 26 | — | $2.74 | ||
| Q4 25 | $1.14 | $2.68 | ||
| Q3 25 | $1.05 | $2.37 | ||
| Q2 25 | $0.51 | $2.58 | ||
| Q1 25 | $0.00 | $2.48 | ||
| Q4 24 | $0.21 | $2.34 | ||
| Q3 24 | $-0.03 | $2.11 |
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 | $1.4B |
| 总债务越低越好 | $1.4B | $663.8M |
| 股东权益账面价值 | $2.2B | $6.3B |
| 总资产 | $5.9B | $8.5B |
| 负债/权益比越低杠杆越低 | 0.62× | 0.11× |
8季度趋势，按日历期对齐
现金及短期投资BILIRMD
| Q2 26 | — | $1.4B | ||
| Q1 26 | — | $1.7B | ||
| Q4 25 | $2.7B | $1.4B | ||
| Q3 25 | $2.4B | $1.4B | ||
| Q2 25 | — | $1.2B | ||
| Q1 25 | $1.9B | $932.7M | ||
| Q4 24 | $1.8B | $521.9M | ||
| Q3 24 | $11.7B | $426.4M |
总债务BILIRMD
| Q2 26 | — | $663.8M | ||
| Q1 26 | — | $664.1M | ||
| Q4 25 | $1.4B | $403.9M | ||
| Q3 25 | $1.4B | $408.7M | ||
| Q2 25 | — | $658.4M | ||
| Q1 25 | $700.3M | $663.1M | ||
| Q4 24 | $662.5M | $662.9M | ||
| Q3 24 | $4.3B | $667.6M |
股东权益BILIRMD
| Q2 26 | — | $6.3B | ||
| Q1 26 | — | $6.5B | ||
| Q4 25 | $2.2B | $6.3B | ||
| Q3 25 | $2.1B | $6.1B | ||
| Q2 25 | — | $6.0B | ||
| Q1 25 | $2.0B | $5.5B | ||
| Q4 24 | $1.9B | $5.3B | ||
| Q3 24 | $13.7B | $5.2B |
总资产BILIRMD
| Q2 26 | — | $8.5B | ||
| Q1 26 | — | $8.8B | ||
| Q4 25 | $5.9B | $8.5B | ||
| Q3 25 | $5.6B | $8.3B | ||
| Q2 25 | — | $8.2B | ||
| Q1 25 | $4.6B | $7.6B | ||
| Q4 24 | $4.5B | $7.1B | ||
| Q3 24 | $32.0B | $7.2B |
负债/权益比BILIRMD
| Q2 26 | — | 0.11× | ||
| Q1 26 | — | 0.10× | ||
| Q4 25 | 0.62× | 0.06× | ||
| Q3 25 | 0.65× | 0.07× | ||
| Q2 25 | — | 0.11× | ||
| Q1 25 | 0.35× | 0.12× | ||
| Q4 24 | 0.34× | 0.13× | ||
| Q3 24 | 0.31× | 0.13× |
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BILIRMD
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | $263.1M | $339.7M | ||
| Q3 25 | $283.2M | $457.3M | ||
| Q2 25 | $277.7M | $538.8M | ||
| Q1 25 | $179.4M | $578.7M | ||
| Q4 24 | $191.9M | $308.6M | ||
| Q3 24 | $2.2B | $325.5M |
自由现金流BILIRMD
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | — | $311.2M | ||
| Q3 25 | — | $414.4M | ||
| Q2 25 | — | $508.2M | ||
| Q1 25 | $174.5M | $557.9M | ||
| Q4 24 | — | $288.0M | ||
| Q3 24 | — | $307.7M |
自由现金流率BILIRMD
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | — | 21.9% | ||
| Q3 25 | — | 31.0% | ||
| Q2 25 | — | 37.7% | ||
| Q1 25 | 18.1% | 43.2% | ||
| Q4 24 | — | 22.5% | ||
| Q3 24 | — | 25.1% |
资本支出强度BILIRMD
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | — | 2.0% | ||
| Q3 25 | — | 3.2% | ||
| Q2 25 | — | 2.3% | ||
| Q1 25 | 0.5% | 1.6% | ||
| Q4 24 | — | 1.6% | ||
| Q3 24 | — | 1.5% |
现金转化率BILIRMD
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | 3.47× | 0.87× | ||
| Q3 25 | 4.30× | 1.31× | ||
| Q2 25 | 9.11× | 1.42× | ||
| Q1 25 | — | 1.59× | ||
| Q4 24 | — | 0.90× | ||
| Q3 24 | 195.23× | 1.05× |
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% |
RMD
暂无分部数据
