Last 34 quarters of trend data · Technology · Electronic Gaming & Multimedia
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
Bilibili Inc.'s quarterly P/E stands at 10.5x.
| Metric | TTM | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 45.01 | 10.51 | — | 21.56 | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| P/S Ratio | 1.61 | 0.32 | 0.29 | 0.25 | 0.34 | 0.26 | 0.21 | 0.20 | 0.25 | 0.29 | 0.48 | 0.38 | 0.26 |
| — | +21.9% | +39.6% | +24.9% | +37.0% | -10.9% | -56.9% | -48.0% | -6.0% | -42.8% | -4.5% | -51.4% | -78.8% | |
| P/B Ratio | 3.33 | 0.66 | 0.56 | 0.54 | 0.72 | 0.47 | 0.33 | 0.35 | 0.37 | 0.38 | 0.55 | 0.62 | 0.37 |
| — | +40.0% | +66.9% | +55.4% | +94.4% | +25.3% | -39.0% | -43.1% | +0.7% | -33.0% | +6.1% | -26.3% | -66.6% | |
| P/FCF | 9.19 | 1.16 | 1.58 | — | — | 0.87 | 2.13 | — | — | — | — | — | — |
| — | +32.9% | -25.8% | — | — | — | — | — | — | — | — | — | — | |
| EV / EBITDA | 13.98 | 7.61 | 1.69 | 7.55 | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| EV / EBIT | 41.17 | 7.61 | 27.81 | 7.55 | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Bilibili Inc.'s operating margin was 3.4% in Q2 2025, up 3.2 pp QoQ and up 13.0 pp YoY. The trailing four-quarter average of 1.1% lags the current quarter, suggesting the recent improvement is above-trend. Gross margin expanded 21.9% YoY, indicating pricing power or improving input costs.
| Metric | TTM | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 36.6% | 36.5% | 36.3% | 36.1% | 34.9% | 29.9% | 28.3% | 26.1% | 25.0% | 23.1% | 21.8% | 20.3% | 18.2% |
| — | +21.9% | +27.9% | +37.9% | +39.5% | +29.3% | +30.1% | +28.5% | +37.3% | +53.9% | +36.3% | +7.1% | -7.0% | |
| Operating Margin | 3.7% | 3.4% | 0.2% | 1.6% | -0.9% | -9.5% | -14.5% | -20.5% | -19.1% | -24.1% | -27.1% | -37.9% | -31.9% |
| — | +135.9% | +101.5% | +108.0% | +95.2% | +60.4% | +46.7% | +45.8% | +40.2% | +46.0% | +31.2% | -9.5% | +11.5% | |
| Net Margin | 3.9% | 3.0% | -0.1% | 1.2% | -1.1% | -9.9% | -13.2% | -20.4% | -23.3% | -29.2% | -12.4% | -24.4% | -29.6% |
| — | +130.0% | +99.0% | +105.7% | +95.3% | +65.9% | -6.4% | +16.2% | +21.4% | +28.8% | +72.5% | +32.5% | +42.4% |
| Metric | TTM | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 8.0% | 1.5% | -0.1% | 0.6% | -0.6% | -4.4% | -5.3% | -8.7% | -8.4% | -9.1% | -3.8% | -9.4% | -10.0% |
| — | +134.7% | +98.8% | +107.5% | +93.1% | +51.2% | -37.8% | +7.9% | +15.1% | +15.6% | +65.4% | -1.8% | +9.2% | |
| ROA | 3.2% | 0.6% | -0.0% | 0.3% | -0.3% | -2.0% | -2.4% | -3.9% | -3.9% | -4.1% | -1.5% | -3.3% | -3.6% |
| — | +130.7% | +98.8% | +107.2% | +93.6% | +51.5% | -55.3% | -15.5% | -10.0% | +2.2% | +66.7% | +24.2% | +42.8% | |
| ROIC | 7.7% | 1.6% | 0.1% | 1.0% | -0.4% | -3.2% | -4.4% | -6.5% | -4.9% | -4.9% | -5.1% | -6.9% | -4.4% |
| — | +150.6% | +102.7% | +115.0% | +91.9% | +35.3% | +12.2% | +5.6% | -11.1% | +2.2% | -11.3% | -26.8% | +30.0% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Bilibili Inc.'s Debt/EBITDA ratio is 35.1x, up from 9.6x last quarter — elevated, raising questions about debt serviceability. The current ratio has improved 56.6% YoY to 1.60x, strengthening the short-term liquidity position. Debt/Equity has risen for 4 consecutive quarters, indicating increasing financial leverage that investors should watch closely.
| Metric | TTM | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.62 | 0.69 | 0.37 | 0.36 | 0.31 | 0.36 | 0.36 | 0.53 | 0.49 | 0.47 | 0.73 | 1.02 | 1.16 |
| — | +94.5% | +3.7% | -31.2% | -35.9% | -24.4% | -51.2% | -48.0% | -58.0% | -53.9% | -20.9% | +15.2% | +198.6% | |
| Debt / EBITDA | 2.91 | 35.07 | 9.64 | 60.28 | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| Current Ratio | 1.36 | 1.60 | 1.36 | 1.34 | 1.05 | 1.02 | 1.03 | 1.03 | 1.28 | 1.29 | 1.43 | 1.43 | 1.64 |
| — | +56.6% | +32.9% | +29.4% | -17.5% | -21.1% | -28.6% | -27.7% | -22.0% | -44.7% | -47.1% | -52.6% | -40.4% | |
| Quick Ratio | 1.36 | 1.60 | 1.34 | 1.32 | 1.05 | 1.02 | 1.03 | 1.02 | 1.28 | 1.29 | 1.43 | 1.40 | 1.64 |
| — | +56.6% | +31.0% | +29.1% | -17.5% | -21.1% | -28.6% | -27.1% | -22.0% | -44.7% | -47.1% | -52.9% | -40.4% | |
| Interest Coverage | 9.02 | 7.89 | 1.03 | 4.27 | -3.95 | -30.01 | -23.17 | -43.26 | -42.88 | -30.77 | -9.36 | -22.23 | -25.49 |
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Includes 30+ ratios · 34 years · Updated daily
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Quick answers to the most common questions about buying BILI stock.
Bilibili Inc.'s current P/E is 45.0x. The average P/E over the last 2 quarters is 16.0x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Bilibili Inc.'s current operating margin is 3.7%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Bilibili Inc.'s business trajectory between earnings reports.