vs
Ameren（AEE）与罗布乐思（RBLX）财务数据对比。点击上方公司名可切换其他公司
Ameren的季度营收约是罗布乐思的1.3倍（$1.8B vs $1.4B），Ameren净利率更高（14.2% vs -22.3%，领先36.5%），罗布乐思同比增速更快（43.2% vs -8.2%），罗布乐思自由现金流更多（$308.6M vs $-54.0M），过去两年罗布乐思的营收复合增速更高（32.9% vs -0.9%）
Ameren Corporation是美国公共事业控股企业，下设Ameren密苏里、伊利诺伊州配电、伊利诺伊州天然气、输电四大业务板块，主营受费率监管的发电、输电、配电业务，以及受监管的天然气输配业务，电力生产主要采用煤炭、核电等能源。
罗布乐思（Roblox Corporation）是总部位于美国加利福尼亚州圣马特奥的游戏企业，由大卫·巴斯祖奇与埃里克·卡塞尔于2004年共同创立。公司核心产品为同名线上游戏创作平台Roblox，于2006年正式上线，截至2024年12月底全球员工规模已超2400人。
AEE vs RBLX — 直观对比
营收规模更大
AEE
是对方的1.3倍
$1.4B
营收增速更快
RBLX
高出51.4%
-8.2%
净利率更高
AEE
高出36.5%
-22.3%
自由现金流更多
RBLX
多$362.6M
$-54.0M
两年增速更快
RBLX
近两年复合增速
-0.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.8B | $1.4B |
| 净利润 | $253.0M | $-316.0M |
| 毛利率 | — | 77.7% |
| 营业利润率 | 20.2% | -25.3% |
| 净利率 | 14.2% | -22.3% |
| 营收同比 | -8.2% | 43.2% |
| 净利润同比 | 21.6% | -43.9% |
| 每股收益（稀释后） | $0.92 | $-0.44 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收AEERBLX
| Q4 25 | $1.8B | $1.4B | ||
| Q3 25 | $2.7B | $1.4B | ||
| Q2 25 | $2.2B | $1.1B | ||
| Q1 25 | $2.1B | $1.0B | ||
| Q4 24 | $1.9B | $988.2M | ||
| Q3 24 | $2.2B | $919.0M | ||
| Q2 24 | $1.7B | $893.5M | ||
| Q1 24 | $1.8B | $801.3M |
净利润AEERBLX
| Q4 25 | $253.0M | $-316.0M | ||
| Q3 25 | $641.0M | $-255.6M | ||
| Q2 25 | $277.0M | $-278.4M | ||
| Q1 25 | $290.0M | $-215.1M | ||
| Q4 24 | $208.0M | $-219.6M | ||
| Q3 24 | $457.0M | $-239.3M | ||
| Q2 24 | $260.0M | $-205.9M | ||
| Q1 24 | $262.0M | $-270.6M |
毛利率AEERBLX
| Q4 25 | — | 77.7% | ||
| Q3 25 | — | 78.2% | ||
| Q2 25 | — | 78.2% | ||
| Q1 25 | — | 78.3% | ||
| Q4 24 | — | 77.9% | ||
| Q3 24 | — | 77.7% | ||
| Q2 24 | — | 77.8% | ||
| Q1 24 | — | 77.7% |
营业利润率AEERBLX
| Q4 25 | 20.2% | -25.3% | ||
| Q3 25 | 30.6% | -21.8% | ||
| Q2 25 | 18.5% | -29.8% | ||
| Q1 25 | 20.5% | -24.6% | ||
| Q4 24 | 10.2% | -24.7% | ||
| Q3 24 | 27.0% | -30.4% | ||
| Q2 24 | 21.3% | -26.6% | ||
| Q1 24 | 20.4% | -37.7% |
净利率AEERBLX
| Q4 25 | 14.2% | -22.3% | ||
| Q3 25 | 23.7% | -18.8% | ||
| Q2 25 | 12.5% | -25.8% | ||
| Q1 25 | 13.8% | -20.8% | ||
| Q4 24 | 10.7% | -22.2% | ||
| Q3 24 | 21.0% | -26.0% | ||
| Q2 24 | 15.4% | -23.0% | ||
| Q1 24 | 14.4% | -33.8% |
每股收益（稀释后）AEERBLX
| Q4 25 | $0.92 | $-0.44 | ||
| Q3 25 | $2.35 | $-0.37 | ||
| Q2 25 | $1.01 | $-0.41 | ||
| Q1 25 | $1.07 | $-0.32 | ||
| Q4 24 | $0.77 | $-0.32 | ||
| Q3 24 | $1.70 | $-0.37 | ||
| Q2 24 | $0.97 | $-0.32 | ||
| Q1 24 | $0.98 | $-0.43 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $13.0M | $3.1B |
| 总债务越低越好 | $19.4B | $1.2B |
| 股东权益账面价值 | $13.4B | $394.5M |
| 总资产 | $48.5B | $9.6B |
| 负债/权益比越低杠杆越低 | 1.45× | 2.98× |
8季度趋势，按日历期对齐
现金及短期投资AEERBLX
| Q4 25 | $13.0M | $3.1B | ||
| Q3 25 | $9.0M | $2.9B | ||
| Q2 25 | $11.0M | $2.6B | ||
| Q1 25 | $23.0M | $2.7B | ||
| Q4 24 | $7.0M | $2.4B | ||
| Q3 24 | $17.0M | $2.3B | ||
| Q2 24 | $19.0M | $2.4B | ||
| Q1 24 | $85.0M | $2.4B |
总债务AEERBLX
| Q4 25 | $19.4B | $1.2B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $17.8B | $1.2B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益AEERBLX
| Q4 25 | $13.4B | $394.5M | ||
| Q3 25 | $12.8B | $407.6M | ||
| Q2 25 | $12.3B | $353.2M | ||
| Q1 25 | $12.2B | $310.7M | ||
| Q4 24 | $12.1B | $221.4M | ||
| Q3 24 | $11.8B | $189.9M | ||
| Q2 24 | $11.5B | $121.5M | ||
| Q1 24 | $11.4B | $71.6M |
总资产AEERBLX
| Q4 25 | $48.5B | $9.6B | ||
| Q3 25 | $47.4B | $8.6B | ||
| Q2 25 | $46.6B | $7.8B | ||
| Q1 25 | $45.7B | $7.5B | ||
| Q4 24 | $44.6B | $7.2B | ||
| Q3 24 | $43.3B | $6.7B | ||
| Q2 24 | $42.3B | $6.5B | ||
| Q1 24 | $41.3B | $6.3B |
负债/权益比AEERBLX
| Q4 25 | 1.45× | 2.98× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.47× | 5.48× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $956.0M | $607.0M |
| 自由现金流经营现金流 - 资本支出 | $-54.0M | $308.6M |
| 自由现金流率自由现金流/营收 | -3.0% | 21.8% |
| 资本支出强度资本支出/营收 | 56.7% | 21.1% |
| 现金转化率经营现金流/净利润 | 3.78× | — |
| 过去12个月自由现金流最近4个季度 | $-775.0M | $1.4B |
8季度趋势，按日历期对齐
经营现金流AEERBLX
| Q4 25 | $956.0M | $607.0M | ||
| Q3 25 | $1.1B | $546.2M | ||
| Q2 25 | $862.0M | $199.3M | ||
| Q1 25 | $431.0M | $443.9M | ||
| Q4 24 | $817.0M | $184.5M | ||
| Q3 24 | $897.0M | $247.4M | ||
| Q2 24 | $557.0M | $151.4M | ||
| Q1 24 | $492.0M | $238.9M |
自由现金流AEERBLX
| Q4 25 | $-54.0M | $308.6M | ||
| Q3 25 | $116.0M | $443.6M | ||
| Q2 25 | $-204.0M | $176.7M | ||
| Q1 25 | $-633.0M | $426.5M | ||
| Q4 24 | $-473.0M | $120.6M | ||
| Q3 24 | $-240.0M | $218.0M | ||
| Q2 24 | $-445.0M | $111.7M | ||
| Q1 24 | $-398.0M | $192.3M |
自由现金流率AEERBLX
| Q4 25 | -3.0% | 21.8% | ||
| Q3 25 | 4.3% | 32.6% | ||
| Q2 25 | -9.2% | 16.3% | ||
| Q1 25 | -30.2% | 41.2% | ||
| Q4 24 | -24.4% | 12.2% | ||
| Q3 24 | -11.0% | 23.7% | ||
| Q2 24 | -26.3% | 12.5% | ||
| Q1 24 | -21.9% | 24.0% |
资本支出强度AEERBLX
| Q4 25 | 56.7% | 21.1% | ||
| Q3 25 | 36.6% | 7.5% | ||
| Q2 25 | 48.0% | 2.1% | ||
| Q1 25 | 50.7% | 1.7% | ||
| Q4 24 | 66.5% | 6.5% | ||
| Q3 24 | 52.3% | 3.2% | ||
| Q2 24 | 59.2% | 4.4% | ||
| Q1 24 | 49.0% | 5.8% |
现金转化率AEERBLX
| Q4 25 | 3.78× | — | ||
| Q3 25 | 1.72× | — | ||
| Q2 25 | 3.11× | — | ||
| Q1 25 | 1.49× | — | ||
| Q4 24 | 3.93× | — | ||
| Q3 24 | 1.96× | — | ||
| Q2 24 | 2.14× | — | ||
| Q1 24 | 1.88× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
