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A.O.史密斯（AOS）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A.O.史密斯的1.5倍（$1.4B vs $945.6M），A.O.史密斯净利率更高（12.5% vs -22.3%，领先34.8%），罗布乐思同比增速更快（43.2% vs -2.0%），罗布乐思自由现金流更多（$308.6M vs $118.9M），过去两年罗布乐思的营收复合增速更高（32.9% vs -3.9%）
A.O.史密斯是美国知名的家用及商用热水器、锅炉生产商，也是北美规模最大的热水器制造销售商，在亚洲市场还供应水处理和净化产品。公司在全球共有27个站点，包括北美5座生产基地，以及位于印度班加罗尔、中国南京、荷兰费尔德霍芬的工厂。
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。
AOS vs RBLX — 直观对比
营收规模更大
RBLX
是对方的1.5倍
$945.6M
营收增速更快
RBLX
高出45.2%
-2.0%
净利率更高
AOS
高出34.8%
-22.3%
自由现金流更多
RBLX
多$189.7M
$118.9M
两年增速更快
RBLX
近两年复合增速
-3.9%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $945.6M | $1.4B |
| 净利润 | $118.0M | $-316.0M |
| 毛利率 | 38.7% | 77.7% |
| 营业利润率 | — | -25.3% |
| 净利率 | 12.5% | -22.3% |
| 营收同比 | -2.0% | 43.2% |
| 净利润同比 | -14.0% | -43.9% |
| 每股收益（稀释后） | $0.85 | $-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AOSRBLX
| Q1 26 | $945.6M | — | ||
| Q4 25 | $912.5M | $1.4B | ||
| Q3 25 | $942.5M | $1.4B | ||
| Q2 25 | $1.0B | $1.1B | ||
| Q1 25 | $963.9M | $1.0B | ||
| Q4 24 | $912.4M | $988.2M | ||
| Q3 24 | $902.6M | $919.0M | ||
| Q2 24 | $1.0B | $893.5M |
净利润AOSRBLX
| Q1 26 | $118.0M | — | ||
| Q4 25 | $125.4M | $-316.0M | ||
| Q3 25 | $132.0M | $-255.6M | ||
| Q2 25 | $152.2M | $-278.4M | ||
| Q1 25 | $136.6M | $-215.1M | ||
| Q4 24 | $109.7M | $-219.6M | ||
| Q3 24 | $120.1M | $-239.3M | ||
| Q2 24 | $156.2M | $-205.9M |
毛利率AOSRBLX
| Q1 26 | 38.7% | — | ||
| Q4 25 | 38.4% | 77.7% | ||
| Q3 25 | 38.7% | 78.2% | ||
| Q2 25 | 39.3% | 78.2% | ||
| Q1 25 | 38.9% | 78.3% | ||
| Q4 24 | 37.1% | 77.9% | ||
| Q3 24 | 37.4% | 77.7% | ||
| Q2 24 | 38.7% | 77.8% |
营业利润率AOSRBLX
| Q1 26 | — | — | ||
| Q4 25 | 17.9% | -25.3% | ||
| Q3 25 | 18.6% | -21.8% | ||
| Q2 25 | 20.4% | -29.8% | ||
| Q1 25 | 19.1% | -24.6% | ||
| Q4 24 | 10.1% | -24.7% | ||
| Q3 24 | 19.5% | -30.4% | ||
| Q2 24 | 21.9% | -26.6% |
净利率AOSRBLX
| Q1 26 | 12.5% | — | ||
| Q4 25 | 13.7% | -22.3% | ||
| Q3 25 | 14.0% | -18.8% | ||
| Q2 25 | 15.0% | -25.8% | ||
| Q1 25 | 14.2% | -20.8% | ||
| Q4 24 | 12.0% | -22.2% | ||
| Q3 24 | 13.3% | -26.0% | ||
| Q2 24 | 15.2% | -23.0% |
每股收益（稀释后）AOSRBLX
| Q1 26 | $0.85 | — | ||
| Q4 25 | $0.89 | $-0.44 | ||
| Q3 25 | $0.94 | $-0.37 | ||
| Q2 25 | $1.07 | $-0.41 | ||
| Q1 25 | $0.95 | $-0.32 | ||
| Q4 24 | $0.75 | $-0.32 | ||
| Q3 24 | $0.82 | $-0.37 | ||
| Q2 24 | $1.06 | $-0.32 |
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 | $185.2M | $3.1B |
| 总债务越低越好 | $574.2M | $1.2B |
| 股东权益账面价值 | $1.9B | $394.5M |
| 总资产 | $3.7B | $9.6B |
| 负债/权益比越低杠杆越低 | 0.31× | 2.98× |
8季度趋势，按日历期对齐
现金及短期投资AOSRBLX
| Q1 26 | $185.2M | — | ||
| Q4 25 | $193.2M | $3.1B | ||
| Q3 25 | $172.8M | $2.9B | ||
| Q2 25 | $177.9M | $2.6B | ||
| Q1 25 | $200.2M | $2.7B | ||
| Q4 24 | $276.1M | $2.4B | ||
| Q3 24 | $255.6M | $2.3B | ||
| Q2 24 | $233.3M | $2.4B |
总债务AOSRBLX
| Q1 26 | $574.2M | — | ||
| Q4 25 | $155.0M | $1.2B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $193.2M | $1.2B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益AOSRBLX
| Q1 26 | $1.9B | — | ||
| Q4 25 | $1.9B | $394.5M | ||
| Q3 25 | $1.8B | $407.6M | ||
| Q2 25 | $1.8B | $353.2M | ||
| Q1 25 | $1.9B | $310.7M | ||
| Q4 24 | $1.9B | $221.4M | ||
| Q3 24 | $1.9B | $189.9M | ||
| Q2 24 | $1.9B | $121.5M |
总资产AOSRBLX
| Q1 26 | $3.7B | — | ||
| Q4 25 | $3.1B | $9.6B | ||
| Q3 25 | $3.2B | $8.6B | ||
| Q2 25 | $3.2B | $7.8B | ||
| Q1 25 | $3.3B | $7.5B | ||
| Q4 24 | $3.2B | $7.2B | ||
| Q3 24 | $3.2B | $6.7B | ||
| Q2 24 | $3.2B | $6.5B |
负债/权益比AOSRBLX
| Q1 26 | 0.31× | — | ||
| Q4 25 | 0.08× | 2.98× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.10× | 5.48× | ||
| Q3 24 | — | — | ||
| Q2 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 | — | $607.0M |
| 自由现金流经营现金流 - 资本支出 | $118.9M | $308.6M |
| 自由现金流率自由现金流/营收 | 12.6% | 21.8% |
| 资本支出强度资本支出/营收 | 1.1% | 21.1% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $647.5M | $1.4B |
8季度趋势，按日历期对齐
经营现金流AOSRBLX
| Q1 26 | — | — | ||
| Q4 25 | $183.1M | $607.0M | ||
| Q3 25 | $255.4M | $546.2M | ||
| Q2 25 | $139.6M | $199.3M | ||
| Q1 25 | $38.7M | $443.9M | ||
| Q4 24 | $221.9M | $184.5M | ||
| Q3 24 | $195.9M | $247.4M | ||
| Q2 24 | $57.4M | $151.4M |
自由现金流AOSRBLX
| Q1 26 | $118.9M | — | ||
| Q4 25 | $165.5M | $308.6M | ||
| Q3 25 | $240.6M | $443.6M | ||
| Q2 25 | $122.5M | $176.7M | ||
| Q1 25 | $17.4M | $426.5M | ||
| Q4 24 | $191.3M | $120.6M | ||
| Q3 24 | $163.4M | $218.0M | ||
| Q2 24 | $34.5M | $111.7M |
自由现金流率AOSRBLX
| Q1 26 | 12.6% | — | ||
| Q4 25 | 18.1% | 21.8% | ||
| Q3 25 | 25.5% | 32.6% | ||
| Q2 25 | 12.1% | 16.3% | ||
| Q1 25 | 1.8% | 41.2% | ||
| Q4 24 | 21.0% | 12.2% | ||
| Q3 24 | 18.1% | 23.7% | ||
| Q2 24 | 3.4% | 12.5% |
资本支出强度AOSRBLX
| Q1 26 | 1.1% | — | ||
| Q4 25 | 1.9% | 21.1% | ||
| Q3 25 | 1.6% | 7.5% | ||
| Q2 25 | 1.7% | 2.1% | ||
| Q1 25 | 2.2% | 1.7% | ||
| Q4 24 | 3.4% | 6.5% | ||
| Q3 24 | 3.6% | 3.2% | ||
| Q2 24 | 2.2% | 4.4% |
现金转化率AOSRBLX
| Q1 26 | — | — | ||
| Q4 25 | 1.46× | — | ||
| Q3 25 | 1.93× | — | ||
| Q2 25 | 0.92× | — | ||
| Q1 25 | 0.28× | — | ||
| Q4 24 | 2.02× | — | ||
| Q3 24 | 1.63× | — | ||
| Q2 24 | 0.37× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
