BIDU vs DOYU
Baidu, Inc. and DouYu International Holdings Ltd., side by side — 9 fiscal years reported in CNY, drawn from SEC filings.
Most recent reported year
| Metric | BIDU | DOYU |
|---|---|---|
| Revenue | CNY 129.1B | CNY 3.8B |
| Net income | CNY 5.6B | CNY -29.1M |
| Gross margin | 43.9% | 12.8% |
| Net margin | 4.2% | −0.8% |
| Return on equity | 2.1% | −0.9% |
| Diluted EPS | · | −CNY 0.96 |
| Dividend / share | · | · |
| Payout ratio | · | −7395.6% |
| Free cash flow | CNY -15.1B | CNY -52.5M |
| Equity | CNY 266.3B | CNY 2.0B |
| Net debt / equity | 0.07× | · |
| Current ratio | 1.76× | 2.33× |
| Revenue CAGR 5y | 3.8% | −16.8% |
| Profit CAGR 5y | −24.3% | · |
BIDU bills 33.8× the revenue of DOYU, and DOYU closed the last reported year at a loss.
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
9 years side by side
| Fiscal year | BIDU | DOYU |
|---|---|---|
| FY2025 | CNY 129.1B | CNY 3.8B |
| FY2024 | CNY 133.1B | CNY 4.3B |
| FY2023 | CNY 134.6B | CNY 5.5B |
| FY2022 | CNY 123.7B | CNY 7.1B |
| FY2021 | CNY 124.5B | CNY 9.2B |
| FY2020 | CNY 107.1B | CNY 9.6B |
| FY2019 | CNY 107.4B | CNY 7.3B |
| FY2018 | CNY 102.3B | CNY 3.7B |
| FY2017 | CNY 84.8B | CNY 1.9B |
Bottom line
| Fiscal year | BIDU | DOYU |
|---|---|---|
| FY2025 | CNY 5.6B | CNY -29.1M |
| FY2024 | CNY 23.8B | CNY -306.8M |
| FY2023 | CNY 20.3B | CNY 35.5M |
| FY2022 | CNY 7.6B | CNY -75.4M |
| FY2021 | CNY 10.2B | CNY -581.9M |
| FY2020 | CNY 22.5B | CNY 485.5M |
| FY2019 | CNY 2.1B | CNY 39.8M |
| FY2018 | CNY 27.6B | CNY -876.3M |
| FY2017 | CNY 18.3B | CNY -612.9M |
9 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +CNY 125,260,148,321 | BIDU |
| FY2024 | +CNY 128,854,174,544 | BIDU |
| FY2023 | +CNY 129,067,595,443 | BIDU |
| FY2022 | +CNY 116,566,761,648 | BIDU |
| FY2021 | +CNY 115,327,669,240 | BIDU |
| FY2020 | +CNY 97,472,126,063 | BIDU |
| FY2019 | +CNY 100,129,769,747 | BIDU |
| FY2018 | +CNY 98,622,616,874 | BIDU |
| FY2017 | +CNY 82,923,282,999 | BIDU |
BIDU has reported the higher revenue in every one of these 9 fiscal years. The gap has widened since the earliest year compared.
9 of 19 comparable fiscal years — a year missing data on either side is not counted.
9 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +5.0 pp | BIDU |
| FY2024 | +25.3 pp | BIDU |
| FY2023 | +15.4 pp | BIDU |
| FY2022 | +7.4 pp | BIDU |
| FY2021 | +12.9 pp | BIDU |
| FY2020 | +13.6 pp | BIDU |
| FY2019 | −2.6 pp | DOYU |
| FY2018 | +46.1 pp | BIDU |
| FY2017 | +55.4 pp | BIDU |
The higher net margin has changed hands between BIDU and DOYU over this period.
9 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
DOYU's net margin has been more volatile than BIDU's over the 9 comparable fiscal years — 11.8 percentage points of standard deviation against 8.4.
9 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between BIDU and DOYU over these 9 fiscal years — BIDU led in 8 and DOYU in 1.
9 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
DOYU's return on equity has been more volatile than BIDU's over the 6 comparable fiscal years — 4.9 percentage points of standard deviation against 3.7.
6 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
BIDU led in return on equity in every one of the 6 comparable fiscal years — a structural lead, not a recent swing.
6 of 19 comparable fiscal years — a year missing data on either side is not counted.