MetaCap

Bilibili (BILI) vs Waystar (WAY)

Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 9, 2026.

Summary

Waystar (WAY) has outperformed Bilibili (BILI) over the past year, losing 31.3% versus a loss of 47.9%. Bilibili is the larger company by market cap ($6.12 billion vs $5.08 billion), about 1.2 times the size. On valuation, Bilibili trades at a lower forward P/E (11.5x vs 14.1x for Waystar).

Waystar converts more of its revenue into profit, with a net margin of 10.2% versus 3.9%.

Summary generated from market data by MetaCap's automated system. Methodology

Relative performance

BILI-47.93%WAY-31.33%
+30%-15%-59%
Oct 8, 20251 yearOct 8, 2026
BILI+6.30%WAY+27.92%
+152%+65%-21%
Jun 3, 20245 yearsOct 5, 2026

Percent change in share price from the first common trading day shown; excludes dividends.

Head-to-head

BILI versus WAY key metrics
MetricBILIWAY
Share price$14.85$26.48
Market cap$6.12B$5.08B
1-day change-0.47%+2.76%
YTD return-39.61%-19.15%
1-year return-47.93%-31.33%
5-year return-78.81%—
P/E ratio (TTM)29.1236.78
Forward P/E11.5314.09
EPS (TTM)$0.51$0.72
Dividend yield0.00%0.00%
Annual dividend$0.00$0.00
Revenue (latest FY)$4.34B$1.10B
Revenue growth (YoY)+18.06%+16.50%
Net income (latest FY)$170.67M$112.09M
Gross margin36.62%68.33%
Operating margin3.71%22.68%
Net margin3.93%10.20%
52-week high$36.40$40.35
52-week low$14.32$17.26
Distance from 52-week high-59.20%-34.37%
Analyst consensusstrong_buystrong_buy
Avg. price target upside+78.25%+27.53%
Average volume2.82M2.42M
Shares outstanding332.23M191.75M
Employees8,2871,700
SectorTechnologyTechnology
IndustryEDP ServicesEDP Services

Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.

Key differences

  • WAY has outperformed BILI by 16.6 percentage points over the past year.
  • Waystar trades at a higher earnings multiple (36.8x vs 29.1x trailing P/E).
  • Waystar is more profitable, keeping 10.2 cents of every revenue dollar as net income versus 3.9 cents for Bilibili.

About Bilibili

BILI stock →

Bilibili Inc. provides online entertainment services for the young generations in the People's Republic of China.

Technology · EDP Services · 8,287 employees

About Waystar

WAY stock →

Waystar Holding Corp. develops a cloud-based software solution for healthcare payments.

Technology · EDP Services · 1,700 employees

BILI vs WAY FAQ

Which is bigger, Bilibili or Waystar?

Bilibili (BILI) is larger, with a market capitalization of $6.12B compared with $5.08B for Waystar (WAY).

Which stock has performed better over the past year, BILI or WAY?

WAY returned -31.33% over the past 12 months, compared with -47.93% for BILI (price return, excluding dividends). Past performance does not predict future results.

Which has the lower P/E ratio, BILI or WAY?

BILI has the lower trailing P/E at 29.1, versus 36.8 for WAY. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.

Are Bilibili and Waystar in the same industry?

Yes. Both are classified in the EDP Services industry within the Technology sector.

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