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哔哩哔哩（BILI）与SEABOARD CORP（SEB）财务数据对比。点击上方公司名可切换其他公司
SEABOARD CORP的季度营收约是哔哩哔哩的1.9倍（$2.4B vs $1.3B），SEABOARD CORP净利率更高（10.6% vs 6.0%，领先4.6%），哔哩哔哩同比增速更快（26.2% vs -2.9%），过去两年哔哩哔哩的营收复合增速更高（27.3% vs 4.9%）
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。
Seaboard Corporation是一家多元化跨国农业综合及运输集团，业务覆盖多个垂直整合领域。美国本土核心业务包括生猪养殖加工与远洋运输，海外板块主营大宗商品贸易、谷物加工、食糖生产及发电，总部位于堪萨斯州梅里亚姆。
BILI vs SEB — 直观对比
营收规模更大
SEB
是对方的1.9倍
$1.3B
营收增速更快
BILI
高出29.1%
-2.9%
净利率更高
SEB
高出4.6%
6.0%
两年增速更快
BILI
近两年复合增速
4.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $2.4B |
| 净利润 | $75.7M | $255.0M |
| 毛利率 | 37.0% | 7.9% |
| 营业利润率 | 5.8% | 2.7% |
| 净利率 | 6.0% | 10.6% |
| 营收同比 | 26.2% | -2.9% |
| 净利润同比 | 143.0% | 63.5% |
| 每股收益（稀释后） | $1.14 | $262.58 |
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BILISEB
| Q4 25 | $1.3B | $2.4B | ||
| Q3 25 | $1.1B | $2.5B | ||
| Q2 25 | $1.0B | $2.5B | ||
| Q1 25 | $965.1M | $2.3B | ||
| Q4 24 | $1.0B | $2.5B | ||
| Q3 24 | $1.0B | $2.2B | ||
| Q2 24 | $843.1M | $2.2B | ||
| Q1 24 | $784.5M | $2.2B |
净利润BILISEB
| Q4 25 | $75.7M | $255.0M | ||
| Q3 25 | $65.9M | $110.0M | ||
| Q2 25 | $30.5M | $104.0M | ||
| Q1 25 | $-1.5M | $32.0M | ||
| Q4 24 | $-176.0M | $156.0M | ||
| Q3 24 | $11.4M | $-149.0M | ||
| Q2 24 | $83.7M | $61.0M | ||
| Q1 24 | $-105.9M | $22.0M |
毛利率BILISEB
| Q4 25 | 37.0% | 7.9% | ||
| Q3 25 | 36.7% | 7.8% | ||
| Q2 25 | 36.5% | 6.5% | ||
| Q1 25 | 36.3% | 6.1% | ||
| Q4 24 | 36.2% | 9.0% | ||
| Q3 24 | 34.9% | 6.2% | ||
| Q2 24 | 29.9% | 5.8% | ||
| Q1 24 | 28.3% | 4.0% |
营业利润率BILISEB
| Q4 25 | 5.8% | 2.7% | ||
| Q3 25 | 4.6% | 3.3% | ||
| Q2 25 | 3.4% | 2.1% | ||
| Q1 25 | 0.2% | 1.6% | ||
| Q4 24 | -16.0% | 4.6% | ||
| Q3 24 | 0.9% | 1.4% | ||
| Q2 24 | 9.5% | 1.4% | ||
| Q1 24 | -14.5% | -0.9% |
净利率BILISEB
| Q4 25 | 6.0% | 10.6% | ||
| Q3 25 | 6.1% | 4.3% | ||
| Q2 25 | 3.0% | 4.2% | ||
| Q1 25 | -0.2% | 1.4% | ||
| Q4 24 | -17.5% | 6.3% | ||
| Q3 24 | 1.1% | -6.7% | ||
| Q2 24 | 9.9% | 2.8% | ||
| Q1 24 | -13.5% | 1.0% |
每股收益（稀释后）BILISEB
| Q4 25 | $1.14 | $262.58 | ||
| Q3 25 | $1.05 | $113.71 | ||
| Q2 25 | $0.51 | $105.22 | ||
| Q1 25 | $0.00 | $32.95 | ||
| Q4 24 | $0.21 | $158.58 | ||
| Q3 24 | $-0.03 | $-153.44 | ||
| Q2 24 | $-0.20 | $62.82 | ||
| Q1 24 | $-1.80 | $22.66 |
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 | $1.2B |
| 总债务越低越好 | $1.4B | — |
| 股东权益账面价值 | $2.2B | $5.2B |
| 总资产 | $5.9B | $8.2B |
| 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BILISEB
| Q4 25 | $2.7B | $1.2B | ||
| Q3 25 | $2.4B | $1.2B | ||
| Q2 25 | — | $1.1B | ||
| Q1 25 | $1.9B | $1.1B | ||
| Q4 24 | $1.8B | $1.2B | ||
| Q3 24 | $11.7B | $1.2B | ||
| Q2 24 | — | $1.2B | ||
| Q1 24 | $1.1B | $1.2B |
总债务BILISEB
| 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BILISEB
| Q4 25 | $2.2B | $5.2B | ||
| Q3 25 | $2.1B | $5.0B | ||
| Q2 25 | — | $4.8B | ||
| Q1 25 | $2.0B | $4.7B | ||
| Q4 24 | $1.9B | $4.7B | ||
| Q3 24 | $13.7B | $4.5B | ||
| Q2 24 | — | $4.7B | ||
| Q1 24 | $1.9B | $4.6B |
总资产BILISEB
| Q4 25 | $5.9B | $8.2B | ||
| Q3 25 | $5.6B | $8.0B | ||
| Q2 25 | — | $7.9B | ||
| Q1 25 | $4.6B | $7.6B | ||
| Q4 24 | $4.5B | $7.7B | ||
| Q3 24 | $32.0B | $7.5B | ||
| Q2 24 | — | $7.7B | ||
| Q1 24 | $4.2B | $7.6B |
负债/权益比BILISEB
| 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 | $188.0M |
| 自由现金流经营现金流 - 资本支出 | — | $53.0M |
| 自由现金流率自由现金流/营收 | — | 2.2% |
| 资本支出强度资本支出/营收 | — | 5.6% |
| 现金转化率经营现金流/净利润 | 3.47× | 0.74× |
| 过去12个月自由现金流最近4个季度 | — | $6.0M |
8季度趋势，按日历期对齐
经营现金流BILISEB
| Q4 25 | $263.1M | $188.0M | ||
| Q3 25 | $283.2M | $319.0M | ||
| Q2 25 | $277.7M | $81.0M | ||
| Q1 25 | $179.4M | $-20.0M | ||
| Q4 24 | $191.9M | $300.0M | ||
| Q3 24 | $2.2B | $194.0M | ||
| Q2 24 | — | $6.0M | ||
| Q1 24 | $88.3M | $19.0M |
自由现金流BILISEB
| Q4 25 | — | $53.0M | ||
| Q3 25 | — | $152.0M | ||
| Q2 25 | — | $-70.0M | ||
| Q1 25 | $174.5M | $-129.0M | ||
| Q4 24 | — | $162.0M | ||
| Q3 24 | — | $58.0M | ||
| Q2 24 | — | $-127.0M | ||
| Q1 24 | — | $-85.0M |
自由现金流率BILISEB
| Q4 25 | — | 2.2% | ||
| Q3 25 | — | 6.0% | ||
| Q2 25 | — | -2.8% | ||
| Q1 25 | 18.1% | -5.6% | ||
| Q4 24 | — | 6.5% | ||
| Q3 24 | — | 2.6% | ||
| Q2 24 | — | -5.7% | ||
| Q1 24 | — | -3.9% |
资本支出强度BILISEB
| Q4 25 | — | 5.6% | ||
| Q3 25 | — | 6.6% | ||
| Q2 25 | — | 6.1% | ||
| Q1 25 | 0.5% | 4.7% | ||
| Q4 24 | — | 5.6% | ||
| Q3 24 | — | 6.1% | ||
| Q2 24 | — | 6.0% | ||
| Q1 24 | — | 4.7% |
现金转化率BILISEB
| Q4 25 | 3.47× | 0.74× | ||
| Q3 25 | 4.30× | 2.90× | ||
| Q2 25 | 9.11× | 0.78× | ||
| Q1 25 | — | -0.63× | ||
| Q4 24 | — | 1.92× | ||
| Q3 24 | 195.23× | — | ||
| Q2 24 | — | 0.10× | ||
| Q1 24 | — | 0.86× |
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% |
SEB
| Commodity Trading And Milling | $1.3B | 52% |
| Pork Segment | $469.0M | 19% |
| Marine | $444.0M | 18% |
| Other | $108.0M | 4% |
| Energy Service | $56.0M | 2% |
| Product And Service Other Services | $15.0M | 1% |
| Transportation | $6.0M | 0% |
