BZ vs HUYA
Kanzhun Ltd. and Huya Inc., side by side — 7 fiscal years reported in CNY, drawn from SEC filings.
Most recent reported year
| Metric | BZ | HUYA |
|---|---|---|
| Revenue | CNY 8.3B | CNY 6.5B |
| Net income | CNY 2.7B | CNY -112.6M |
| Gross margin | 85.1% | 13.4% |
| Net margin | 32.5% | −1.7% |
| Return on equity | 15.7% | −1.8% |
| Diluted EPS | CNY 2.95 | −CNY 0.49 |
| Dividend / share | · | · |
| Payout ratio | 20.2% | −2138.6% |
| Free cash flow | CNY 4.4B | CNY -344.0M |
| Equity | CNY 20.0B | CNY 4.9B |
| Net debt / equity | · | · |
| Current ratio | 4.66× | 2.84× |
| Revenue CAGR 5y | 33.6% | −9.8% |
| Profit CAGR 5y | · | · |
BZ bills 1.3× the revenue of HUYA, and HUYA 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.
7 years side by side
| Fiscal year | BZ | HUYA |
|---|---|---|
| FY2025 | CNY 8.3B | CNY 6.5B |
| FY2024 | CNY 7.4B | CNY 6.1B |
| FY2023 | CNY 6.0B | CNY 7.0B |
| FY2022 | CNY 4.5B | CNY 9.3B |
| FY2021 | CNY 4.3B | CNY 11.4B |
| FY2020 | CNY 1.9B | CNY 10.9B |
| FY2019 | CNY 998.7M | CNY 8.4B |
Bottom line
| Fiscal year | BZ | HUYA |
|---|---|---|
| FY2025 | CNY 2.7B | CNY -112.6M |
| FY2024 | CNY 1.6B | CNY -48.0M |
| FY2023 | CNY 1.1B | CNY -204.5M |
| FY2022 | CNY 107.2M | CNY -547.7M |
| FY2021 | CNY -1.1B | CNY 583.5M |
| FY2020 | CNY -941.9M | CNY 884.2M |
| FY2019 | CNY -502.1M | CNY 468.2M |
7 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +CNY 1,765,118,000 | BZ |
| FY2024 | +CNY 1,276,562,000 | BZ |
| FY2023 | −CNY 1,042,300,000 | HUYA |
| FY2022 | −CNY 4,753,289,000 | HUYA |
| FY2021 | −CNY 7,092,318,000 | HUYA |
| FY2020 | −CNY 8,970,015,000 | HUYA |
| FY2019 | −CNY 7,375,781,000 | HUYA |
The higher-revenue side has changed between BZ and HUYA over this period. The gap has narrowed since the earliest year compared.
7 of 10 comparable fiscal years — a year missing data on either side is not counted.
7 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +34.3 pp | BZ |
| FY2024 | +22.1 pp | BZ |
| FY2023 | +21.4 pp | BZ |
| FY2022 | +8.3 pp | BZ |
| FY2021 | −30.3 pp | HUYA |
| FY2020 | −56.5 pp | HUYA |
| FY2019 | −55.9 pp | HUYA |
The higher net margin has changed hands between BZ and HUYA over this period.
7 of 10 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
BZ's net margin has been more volatile than HUYA's over the 7 comparable fiscal years — 31.7 percentage points of standard deviation against 4.8.
7 of 10 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between BZ and HUYA over these 7 fiscal years — BZ led in 4 and HUYA in 3.
7 of 10 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
BZ's return on equity has been more volatile than HUYA's over the 4 comparable fiscal years — 5.3 percentage points of standard deviation against 1.6.
4 of 8 comparable fiscal years — a year missing data on either side is not counted.
Year by year
BZ led in return on equity in every one of the 4 comparable fiscal years — a structural lead, not a recent swing.
4 of 8 comparable fiscal years — a year missing data on either side is not counted.