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哔哩哔哩（BILI）与RANGE RESOURCES CORP（RRC）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RANGE RESOURCES CORP的1.6倍（$1.3B vs $786.9M），RANGE RESOURCES CORP净利率更高（22.8% vs 6.0%，领先16.8%），哔哩哔哩同比增速更快（26.2% vs 18.0%），过去两年哔哩哔哩的营收复合增速更高（27.3% vs 14.6%）
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。
Range Resources Corporation是一家总部位于美国得克萨斯州沃斯堡的天然气勘探开采企业，核心运营区域为马塞勒斯页岩地层，是该地区拥有土地面积最大的运营商，专注于天然气资源的勘探、开发与生产业务，在北美油气开发领域具备深厚的行业积累。
BILI vs RRC — 直观对比
营收规模更大
BILI
是对方的1.6倍
$786.9M
营收增速更快
BILI
高出8.2%
18.0%
净利率更高
RRC
高出16.8%
6.0%
两年增速更快
BILI
近两年复合增速
14.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $786.9M |
| 净利润 | $75.7M | $179.1M |
| 毛利率 | 37.0% | 94.5% |
| 营业利润率 | 5.8% | — |
| 净利率 | 6.0% | 22.8% |
| 营收同比 | 26.2% | 18.0% |
| 净利润同比 | 143.0% | 88.8% |
| 每股收益（稀释后） | $1.14 | $0.75 |
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BILIRRC
| Q4 25 | $1.3B | $786.9M | ||
| Q3 25 | $1.1B | $655.3M | ||
| Q2 25 | $1.0B | $699.6M | ||
| Q1 25 | $965.1M | $846.3M | ||
| Q4 24 | $1.0B | $667.0M | ||
| Q3 24 | $1.0B | $567.9M | ||
| Q2 24 | $843.1M | $513.2M | ||
| Q1 24 | $784.5M | $598.8M |
净利润BILIRRC
| Q4 25 | $75.7M | $179.1M | ||
| Q3 25 | $65.9M | $144.3M | ||
| Q2 25 | $30.5M | $237.6M | ||
| Q1 25 | $-1.5M | $97.1M | ||
| Q4 24 | $-176.0M | $94.8M | ||
| Q3 24 | $11.4M | $50.7M | ||
| Q2 24 | $83.7M | $28.7M | ||
| Q1 24 | $-105.9M | $92.1M |
毛利率BILIRRC
| Q4 25 | 37.0% | 94.5% | ||
| Q3 25 | 36.7% | 92.5% | ||
| Q2 25 | 36.5% | 95.0% | ||
| Q1 25 | 36.3% | 93.1% | ||
| Q4 24 | 36.2% | 93.7% | ||
| Q3 24 | 34.9% | 94.3% | ||
| Q2 24 | 29.9% | 93.4% | ||
| Q1 24 | 28.3% | 94.7% |
营业利润率BILIRRC
| Q4 25 | 5.8% | — | ||
| Q3 25 | 4.6% | — | ||
| Q2 25 | 3.4% | — | ||
| Q1 25 | 0.2% | — | ||
| Q4 24 | -16.0% | — | ||
| Q3 24 | 0.9% | — | ||
| Q2 24 | 9.5% | — | ||
| Q1 24 | -14.5% | — |
净利率BILIRRC
| Q4 25 | 6.0% | 22.8% | ||
| Q3 25 | 6.1% | 22.0% | ||
| Q2 25 | 3.0% | 34.0% | ||
| Q1 25 | -0.2% | 11.5% | ||
| Q4 24 | -17.5% | 14.2% | ||
| Q3 24 | 1.1% | 8.9% | ||
| Q2 24 | 9.9% | 5.6% | ||
| Q1 24 | -13.5% | 15.4% |
每股收益（稀释后）BILIRRC
| Q4 25 | $1.14 | $0.75 | ||
| Q3 25 | $1.05 | $0.60 | ||
| Q2 25 | $0.51 | $0.99 | ||
| Q1 25 | $0.00 | $0.40 | ||
| Q4 24 | $0.21 | $0.38 | ||
| Q3 24 | $-0.03 | $0.21 | ||
| Q2 24 | $-0.20 | $0.12 | ||
| Q1 24 | $-1.80 | $0.38 |
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 | $204.0K |
| 总债务越低越好 | $1.4B | $1.2B |
| 股东权益账面价值 | $2.2B | $4.3B |
| 总资产 | $5.9B | $7.4B |
| 负债/权益比越低杠杆越低 | 0.62× | 0.28× |
8季度趋势，按日历期对齐
现金及短期投资BILIRRC
| Q4 25 | $2.7B | $204.0K | ||
| Q3 25 | $2.4B | $175.0K | ||
| Q2 25 | — | $134.0K | ||
| Q1 25 | $1.9B | $344.6M | ||
| Q4 24 | $1.8B | $304.5M | ||
| Q3 24 | $11.7B | $277.4M | ||
| Q2 24 | — | $251.1M | ||
| Q1 24 | $1.1B | $343.1M |
总债务BILIRRC
| Q4 25 | $1.4B | $1.2B | ||
| Q3 25 | $1.4B | $1.2B | ||
| Q2 25 | — | $1.2B | ||
| Q1 25 | $700.3M | $1.7B | ||
| Q4 24 | $662.5M | $1.7B | ||
| Q3 24 | $4.3B | $1.7B | ||
| Q2 24 | — | $1.7B | ||
| Q1 24 | $684.5M | $1.8B |
股东权益BILIRRC
| Q4 25 | $2.2B | $4.3B | ||
| Q3 25 | $2.1B | $4.2B | ||
| Q2 25 | — | $4.1B | ||
| Q1 25 | $2.0B | $3.9B | ||
| Q4 24 | $1.9B | $3.9B | ||
| Q3 24 | $13.7B | $3.9B | ||
| Q2 24 | — | $3.9B | ||
| Q1 24 | $1.9B | $3.8B |
总资产BILIRRC
| Q4 25 | $5.9B | $7.4B | ||
| Q3 25 | $5.6B | $7.2B | ||
| Q2 25 | — | $7.1B | ||
| Q1 25 | $4.6B | $7.4B | ||
| Q4 24 | $4.5B | $7.3B | ||
| Q3 24 | $32.0B | $7.2B | ||
| Q2 24 | — | $7.3B | ||
| Q1 24 | $4.2B | $7.4B |
负债/权益比BILIRRC
| Q4 25 | 0.62× | 0.28× | ||
| Q3 25 | 0.65× | 0.29× | ||
| Q2 25 | — | 0.29× | ||
| Q1 25 | 0.35× | 0.43× | ||
| Q4 24 | 0.34× | 0.43× | ||
| Q3 24 | 0.31× | 0.44× | ||
| Q2 24 | — | 0.44× | ||
| Q1 24 | 0.36× | 0.46× |
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 | $257.5M |
| 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× | 1.44× |
| 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BILIRRC
| Q4 25 | $263.1M | $257.5M | ||
| Q3 25 | $283.2M | $247.5M | ||
| Q2 25 | $277.7M | $336.2M | ||
| Q1 25 | $179.4M | $330.1M | ||
| Q4 24 | $191.9M | $217.9M | ||
| Q3 24 | $2.2B | $245.9M | ||
| Q2 24 | — | $148.8M | ||
| Q1 24 | $88.3M | $331.9M |
自由现金流BILIRRC
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $174.5M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
自由现金流率BILIRRC
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 18.1% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
资本支出强度BILIRRC
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.5% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
现金转化率BILIRRC
| Q4 25 | 3.47× | 1.44× | ||
| Q3 25 | 4.30× | 1.72× | ||
| Q2 25 | 9.11× | 1.42× | ||
| Q1 25 | — | 3.40× | ||
| Q4 24 | — | 2.30× | ||
| Q3 24 | 195.23× | 4.85× | ||
| Q2 24 | — | 5.18× | ||
| Q1 24 | — | 3.60× |
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% |
RRC
| Natural Gas Natural Gas Liquids And Oil Sales | $745.5M | 95% |
| Brokered Natural Gas And Marketing | $41.3M | 5% |
