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爱齐科技（ALGN）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
罗布乐思的季度营收约是爱齐科技的1.4倍（$1.4B vs $1.0B），爱齐科技净利率更高（13.0% vs -22.3%，领先35.3%），罗布乐思同比增速更快（43.2% vs 5.3%），罗布乐思自由现金流更多（$308.6M vs $187.3M），过去两年罗布乐思的营收复合增速更高（32.9% vs 2.5%）
爱齐科技是一家全球知名医疗设备企业，主营设计、生产及销售隐适美透明矫治器、iTero口内扫描仪及配套服务，客户覆盖正畸医师、全科牙医，面向修复、美容牙科领域，业务分为透明矫治器、扫描仪及服务两大板块，可满足青少年等不同群体的正畸需求
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。
ALGN vs RBLX — 直观对比
营收规模更大
RBLX
是对方的1.4倍
$1.0B
营收增速更快
RBLX
高出37.9%
5.3%
净利率更高
ALGN
高出35.3%
-22.3%
自由现金流更多
RBLX
多$121.3M
$187.3M
两年增速更快
RBLX
近两年复合增速
2.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.0B | $1.4B |
| 净利润 | $135.8M | $-316.0M |
| 毛利率 | 65.3% | 77.7% |
| 营业利润率 | 14.8% | -25.3% |
| 净利率 | 13.0% | -22.3% |
| 营收同比 | 5.3% | 43.2% |
| 净利润同比 | 30.8% | -43.9% |
| 每股收益（稀释后） | $1.88 | $-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ALGNRBLX
| Q4 25 | $1.0B | $1.4B | ||
| Q3 25 | $995.7M | $1.4B | ||
| Q2 25 | $1.0B | $1.1B | ||
| Q1 25 | $979.3M | $1.0B | ||
| Q4 24 | $995.2M | $988.2M | ||
| Q3 24 | $977.9M | $919.0M | ||
| Q2 24 | $1.0B | $893.5M | ||
| Q1 24 | $997.4M | $801.3M |
净利润ALGNRBLX
| Q4 25 | $135.8M | $-316.0M | ||
| Q3 25 | $56.8M | $-255.6M | ||
| Q2 25 | $124.6M | $-278.4M | ||
| Q1 25 | $93.2M | $-215.1M | ||
| Q4 24 | $103.8M | $-219.6M | ||
| Q3 24 | $116.0M | $-239.3M | ||
| Q2 24 | $96.6M | $-205.9M | ||
| Q1 24 | $105.0M | $-270.6M |
毛利率ALGNRBLX
| Q4 25 | 65.3% | 77.7% | ||
| Q3 25 | 64.2% | 78.2% | ||
| Q2 25 | 69.9% | 78.2% | ||
| Q1 25 | 69.5% | 78.3% | ||
| Q4 24 | 70.0% | 77.9% | ||
| Q3 24 | 69.7% | 77.7% | ||
| Q2 24 | 70.3% | 77.8% | ||
| Q1 24 | 70.0% | 77.7% |
营业利润率ALGNRBLX
| Q4 25 | 14.8% | -25.3% | ||
| Q3 25 | 9.7% | -21.8% | ||
| Q2 25 | 16.1% | -29.8% | ||
| Q1 25 | 13.4% | -24.6% | ||
| Q4 24 | 14.5% | -24.7% | ||
| Q3 24 | 16.6% | -30.4% | ||
| Q2 24 | 14.3% | -26.6% | ||
| Q1 24 | 15.5% | -37.7% |
净利率ALGNRBLX
| Q4 25 | 13.0% | -22.3% | ||
| Q3 25 | 5.7% | -18.8% | ||
| Q2 25 | 12.3% | -25.8% | ||
| Q1 25 | 9.5% | -20.8% | ||
| Q4 24 | 10.4% | -22.2% | ||
| Q3 24 | 11.9% | -26.0% | ||
| Q2 24 | 9.4% | -23.0% | ||
| Q1 24 | 10.5% | -33.8% |
每股收益（稀释后）ALGNRBLX
| Q4 25 | $1.88 | $-0.44 | ||
| Q3 25 | $0.78 | $-0.37 | ||
| Q2 25 | $1.72 | $-0.41 | ||
| Q1 25 | $1.27 | $-0.32 | ||
| Q4 24 | $1.40 | $-0.32 | ||
| Q3 24 | $1.55 | $-0.37 | ||
| Q2 24 | $1.28 | $-0.32 | ||
| Q1 24 | $1.39 | $-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 | $1.1B | $3.1B |
| 总债务越低越好 | — | $1.2B |
| 股东权益账面价值 | $4.0B | $394.5M |
| 总资产 | $6.2B | $9.6B |
| 负债/权益比越低杠杆越低 | — | 2.98× |
8季度趋势，按日历期对齐
现金及短期投资ALGNRBLX
| Q4 25 | $1.1B | $3.1B | ||
| Q3 25 | $1.0B | $2.9B | ||
| Q2 25 | $901.2M | $2.6B | ||
| Q1 25 | $873.0M | $2.7B | ||
| Q4 24 | $1.0B | $2.4B | ||
| Q3 24 | $1.0B | $2.3B | ||
| Q2 24 | $761.4M | $2.4B | ||
| Q1 24 | $865.8M | $2.4B |
总债务ALGNRBLX
| Q4 25 | — | $1.2B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益ALGNRBLX
| Q4 25 | $4.0B | $394.5M | ||
| Q3 25 | $4.0B | $407.6M | ||
| Q2 25 | $3.9B | $353.2M | ||
| Q1 25 | $3.8B | $310.7M | ||
| Q4 24 | $3.9B | $221.4M | ||
| Q3 24 | $3.9B | $189.9M | ||
| Q2 24 | $3.8B | $121.5M | ||
| Q1 24 | $3.8B | $71.6M |
总资产ALGNRBLX
| Q4 25 | $6.2B | $9.6B | ||
| Q3 25 | $6.2B | $8.6B | ||
| Q2 25 | $6.2B | $7.8B | ||
| Q1 25 | $6.1B | $7.5B | ||
| Q4 24 | $6.2B | $7.2B | ||
| Q3 24 | $6.4B | $6.7B | ||
| Q2 24 | $6.2B | $6.5B | ||
| Q1 24 | $6.2B | $6.3B |
负债/权益比ALGNRBLX
| Q4 25 | — | 2.98× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 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 | $223.2M | $607.0M |
| 自由现金流经营现金流 - 资本支出 | $187.3M | $308.6M |
| 自由现金流率自由现金流/营收 | 17.9% | 21.8% |
| 资本支出强度资本支出/营收 | 3.4% | 21.1% |
| 现金转化率经营现金流/净利润 | 1.64× | — |
| 过去12个月自由现金流最近4个季度 | $490.8M | $1.4B |
8季度趋势，按日历期对齐
经营现金流ALGNRBLX
| Q4 25 | $223.2M | $607.0M | ||
| Q3 25 | $188.7M | $546.2M | ||
| Q2 25 | $128.7M | $199.3M | ||
| Q1 25 | $52.7M | $443.9M | ||
| Q4 24 | $286.1M | $184.5M | ||
| Q3 24 | $263.7M | $247.4M | ||
| Q2 24 | $159.8M | $151.4M | ||
| Q1 24 | $28.7M | $238.9M |
自由现金流ALGNRBLX
| Q4 25 | $187.3M | $308.6M | ||
| Q3 25 | $169.0M | $443.6M | ||
| Q2 25 | $107.2M | $176.7M | ||
| Q1 25 | $27.4M | $426.5M | ||
| Q4 24 | $263.1M | $120.6M | ||
| Q3 24 | $233.9M | $218.0M | ||
| Q2 24 | $106.4M | $111.7M | ||
| Q1 24 | $19.3M | $192.3M |
自由现金流率ALGNRBLX
| Q4 25 | 17.9% | 21.8% | ||
| Q3 25 | 17.0% | 32.6% | ||
| Q2 25 | 10.6% | 16.3% | ||
| Q1 25 | 2.8% | 41.2% | ||
| Q4 24 | 26.4% | 12.2% | ||
| Q3 24 | 23.9% | 23.7% | ||
| Q2 24 | 10.3% | 12.5% | ||
| Q1 24 | 1.9% | 24.0% |
资本支出强度ALGNRBLX
| Q4 25 | 3.4% | 21.1% | ||
| Q3 25 | 2.0% | 7.5% | ||
| Q2 25 | 2.1% | 2.1% | ||
| Q1 25 | 2.6% | 1.7% | ||
| Q4 24 | 2.3% | 6.5% | ||
| Q3 24 | 3.0% | 3.2% | ||
| Q2 24 | 5.2% | 4.4% | ||
| Q1 24 | 0.9% | 5.8% |
现金转化率ALGNRBLX
| Q4 25 | 1.64× | — | ||
| Q3 25 | 3.33× | — | ||
| Q2 25 | 1.03× | — | ||
| Q1 25 | 0.57× | — | ||
| Q4 24 | 2.76× | — | ||
| Q3 24 | 2.27× | — | ||
| Q2 24 | 1.66× | — | ||
| Q1 24 | 0.27× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
ALGN
| Systems And Services | $789.6M | 75% |
| Other | $258.0M | 25% |
RBLX
暂无分部数据
