BILI
Bilibili Inc.
BILI has lower modeled downside risk, despite its lower overall score.
SNDK
Sandisk Corporation
SNDK has the edge over BILI overall, supported by stronger fundamentals and stronger modeled upside.
BILI Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Under pressure | |
| Under pressure |
BILI's profitability is currently healthy, and its revenue is stable, but its cash flow and balance sheet are under pressure.
SNDK Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
SNDK's revenue, profitability, cash flow and balance sheet are all currently strong.
BILI PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Current | 27x | $13.50 | — |
| Cheap | 35x | $17.64 | +31% |
| Fair | 90x | $45.86 | +240% |
| Expensive | 316x | $161 | +1094% |
Historical ranges are pointers, not guarantees.
BILI has the edge over SNDK in the historical PE scenario, which offers more potential upside but is not a forecast.
SNDK PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 3.8x | $937 | — |
| Current | 7.5x | $937 | — |
| Cheap | 17x | $2,173 | +132% |
| Fair | 24x | $3,048 | +225% |
| Expensive | 59x | $7,452 | +695% |
Historical ranges are pointers, not guarantees.
SNDK's PE is 7.5x, but its earnings don't support one, so it isn't a reliable read right now.
BILI Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Strong growth | |
| Growth | |
| Improving | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for BILI, with profitability improving.
SNDK Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Moderate | |
| High |
Analysts expect strong earnings and revenue growth for SNDK, with profitability improving.
BILI Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2026 | $0.51 | +538% |
| Q1 2026 | $0.47 | +$0.69 |
| Q4 2025 | $0.40 | +$0.89 |
| Q3 2025 | $0.26 | +$1.25 |
| Q2 2025 | $0.08 | +$1.53 |
| Q1 2025 | -$0.22 | +$1.57 |
| Q4 2024 | -$0.49 | +$1.26 |
| Q3 2024 | -$0.99 | +$0.86 |
BILI's earnings per share have climbed steadily: $0.51 over the past year, about six times what it earned the year before, and higher year over year for 14 quarters in a row.
SNDK Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $247.30 | +97% |
| Q3 2026 | $125.61 | +$137.63 |
| Q2 2026 | $73.76 | +$85.07 |
| Q2 2025 | -$11.31 | -$6.65 |
SNDK has the edge over BILI in the latest year-over-year earnings comparison.
BILI Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $1.2B | +7.9% |
| Q1 2026 | $1.1B | +6% |
| Q4 2025 | $1.2B | +7.6% |
| Q3 2025 | $1.2B | +5.2% |
| Q2 2025 | $1.1B | +20% |
| Q1 2025 | $1.1B | +24% |
| Q4 2024 | $1.2B | +22% |
| Q3 2024 | $1.1B | +26% |
BILI's revenue has grown year over year every quarter since late 2020: $1.2B last quarter, up 7.9% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 4.7% | +1.3 points |
| Q1 2026 | 2.2% | +2 points |
| Q4 2025 | 6.1% | +4.4 points |
| Q3 2025 | 4.6% | +5.5 points |
| Q2 2025 | 3.4% | +13 points |
| Q1 2025 | 0.2% | +15 points |
| Q4 2024 | 1.6% | +22 points |
| Q3 2024 | -0.9% | +18 points |
BILI's operating margin was 4.7% last quarter, up 1.3 points from the same quarter a year ago, near the top of its range since 2019.
SNDK Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $11B | +378% |
| Q2 2026 | $9B | +372% |
| Q1 2026 | $6B | +251% |
| Q4 2025 | $3B | +61% |
| Q3 2025 | $2.3B | +23% |
| Q2 2025 | $1.9B | +8% |
| Q1 2025 | $1.7B | -0.6% |
| Q4 2024 | $1.9B | +13% |
SNDK's revenue has grown year over year for six quarters in a row: $11B last quarter, up 378% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 80% | +72 points |
| Q2 2026 | 78% | +78 points |
| Q1 2026 | 69% | +180 points |
| Q4 2025 | 35% | +25 points |
| Q3 2025 | 7.6% | -9 points |
| Q2 2025 | 0.9% | N/A |
| Q1 2025 | -111% | -122 points |
| Q4 2024 | 10% | +6.6 points |
SNDK has the edge over BILI on profitability, with a higher operating margin.
BILI Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $0 | -100% |
| Q1 2026 | $0 | -100% |
| Q4 2025 | $0 | $0 |
| Q3 2025 | $0 | $0 |
| Q2 2025 | $303.9M | +9.8% |
| Q1 2025 | $190M | +133% |
| Q4 2024 | $0 | $0 |
| Q3 2024 | $0 | $0 |
BILI's free cash flow was $0 over the past year, against $494M the year before.
SNDK Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $6.3B | +1340% |
| Q2 2026 | $7.1B | +14355% |
| Q1 2026 | $3B | +$3B |
| Q3 2025 | $438M | +$636M |
| Q2 2025 | $49M | +$217M |
| Q1 2025 | -$18M | +$23M |
| Q3 2024 | -$198M | -$157M |
SNDK has the edge over BILI on cash flow, with more consistent year-over-year improvement.
BILI Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1.3% | -5.9M shares |
| 1 year | +3.7% | +16.2M shares |
| 3 years | +9.7% | +40.1M shares |
| 5 years | +18% | +69M shares |
| Available history | +39% | +126M shares |
BILI has 454M diluted shares, up 3.7% from a year ago.
| Quarter | Spent |
|---|---|
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | $338,861 |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
BILI hasn't bought back shares in the past year.
SNDK Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.6% | -1M shares |
| 1 year | +3.4% | +5M shares |
| 3 years | +6.9% | +10M shares |
SNDK has the edge over BILI on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $5B |
| Q3 2024 | — |
| Q2 2024 | — |
| Q1 2024 | — |
| Q4 2023 | — |
| Q3 2023 | — |
BILI Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | 2.5x | Moderate |
| Q1 2026 | 1.8x | Healthy |
| Q4 2025 | -1.4x | Net Cash |
| Q3 2025 | -1.6x | Net Cash |
| Q2 2025 | -0.7x | Net Cash |
| Q1 2025 | -7.0x | Net Cash |
BILI's net debt is about 2.5 years of its operating earnings (EBITDA), after holding more cash than debt a year ago.
SNDK Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.2x | Net Cash |
| Q2 2026 | -0.4x | Net Cash |
| Q1 2026 | -0.7x | Net Cash |
SNDK has the edge over BILI on leverage, with a lower net debt burden relative to earnings.
BILI Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 36.7 | Neutral |
| Stochastic | 14.5 | Oversold |
BILI's weekly RSI is 37 (neutral) and its Stochastic is 15 (oversold).
SNDK Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 40.2 | Neutral |
| Stochastic | 10.6 | Oversold |
SNDK's weekly RSI is 40 (neutral) and its Stochastic is 11 (oversold).
BILI PE vs Technology Sector
| Metric | BILI | Sector median | Relative |
|---|---|---|---|
| PE | 27x | 28x | 4.2% below |
| PE % | 3 | 35 | 32 pts below |
BILI is trading at 27x earnings, in line with the Technology sector's median of 28x, though its earnings don't support one.
SNDK PE vs Technology Sector
| Metric | SNDK | Sector median | Relative |
|---|---|---|---|
| PE | 7.5x | 28x | 73% below |
| PE % | 4 | 27 | 23 pts below |
SNDK has the edge over BILI on valuation relative to its sector.
BILI Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $14.2 | 4.6% below |
| 20 week MA | $15.9 | 15% below |
| 50 week MA | $21.0 | 36% below |
| 100 week MA | $21.4 | 37% below |
| 200 week MA | $18.7 | 28% below |
SNDK has stronger trend alignment. BILI is above 0 of 5 weekly averages versus SNDK above 0 of 3.
SNDK Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $1,317.5 | 29% below |
| 20 week MA | $1,465.4 | 36% below |
| 50 week MA | $1,119.6 | 16% below |
SNDK is in a downtrend: it's below all three of its weekly moving averages, and 16% below its 50-week average.
BILI Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $18.2 | $82.0 | +350% |
| 2021 | $82.0 | $45.9 | -44% |
| 2022 | $45.9 | $23.2 | -50% |
| 2023 | $23.2 | $12.2 | -47% |
| 2024 | $12.2 | $18.8 | +55% |
| 2025 | $18.8 | $25.0 | +32% |
| 2026 YTD | $25.0 | $13.5 | -46% |
BILI's yearly returns have swung widely, from +350% in 2020 to −50% in 2022. It's down 46% so far in 2026.
SNDK Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2025 | $50.4 | $250.1 | +396% |
| 2026 YTD | $250.1 | $937.5 | +275% |
SNDK has the edge over BILI on returns for 2026, with the stronger performance.