vs
APi Group Corp（APG）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
APi Group Corp的季度营收约是罗布乐思的1.4倍（$2.0B vs $1.4B），APi Group Corp净利率更高（2.9% vs -22.3%，领先25.2%），罗布乐思同比增速更快（43.2% vs 11.7%），罗布乐思自由现金流更多（$308.6M vs $67.0M），过去两年罗布乐思的营收复合增速更高（32.9% vs 7.0%）
xAI是埃隆·马斯克2023年创立的美国科技企业，为航天企业SpaceX的全资子公司，业务覆盖人工智能、社交媒体领域，核心产品包括生成式AI聊天机器人Grok，以及2025年3月收购的社交媒体平台X。
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。
APG vs RBLX — 直观对比
营收规模更大
APG
是对方的1.4倍
$1.4B
营收增速更快
RBLX
高出31.5%
11.7%
净利率更高
APG
高出25.2%
-22.3%
自由现金流更多
RBLX
多$241.6M
$67.0M
两年增速更快
RBLX
近两年复合增速
7.0%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.0B | $1.4B |
| 净利润 | $57.0M | $-316.0M |
| 毛利率 | 31.3% | 77.7% |
| 营业利润率 | 5.2% | -25.3% |
| 净利率 | 2.9% | -22.3% |
| 营收同比 | 11.7% | 43.2% |
| 净利润同比 | — | -43.9% |
| 每股收益（稀释后） | $0.12 | $-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APGRBLX
| Q1 26 | $2.0B | — | ||
| Q4 25 | $2.1B | $1.4B | ||
| Q3 25 | $2.1B | $1.4B | ||
| Q2 25 | $2.0B | $1.1B | ||
| Q1 25 | $1.7B | $1.0B | ||
| Q4 24 | $1.9B | $988.2M | ||
| Q3 24 | $1.8B | $919.0M | ||
| Q2 24 | $1.7B | $893.5M |
净利润APGRBLX
| Q1 26 | $57.0M | — | ||
| Q4 25 | $97.0M | $-316.0M | ||
| Q3 25 | $93.0M | $-255.6M | ||
| Q2 25 | $77.0M | $-278.4M | ||
| Q1 25 | $35.0M | $-215.1M | ||
| Q4 24 | $67.0M | $-219.6M | ||
| Q3 24 | $69.0M | $-239.3M | ||
| Q2 24 | $69.0M | $-205.9M |
毛利率APGRBLX
| Q1 26 | 31.3% | — | ||
| Q4 25 | 32.0% | 77.7% | ||
| Q3 25 | 31.3% | 78.2% | ||
| Q2 25 | 30.9% | 78.2% | ||
| Q1 25 | 31.5% | 78.3% | ||
| Q4 24 | 30.9% | 77.9% | ||
| Q3 24 | 31.1% | 77.7% | ||
| Q2 24 | 31.4% | 77.8% |
营业利润率APGRBLX
| Q1 26 | 5.2% | — | ||
| Q4 25 | 7.7% | -25.3% | ||
| Q3 25 | 7.8% | -21.8% | ||
| Q2 25 | 7.2% | -29.8% | ||
| Q1 25 | 4.9% | -24.6% | ||
| Q4 24 | 6.2% | -24.7% | ||
| Q3 24 | 7.8% | -30.4% | ||
| Q2 24 | 7.3% | -26.6% |
净利率APGRBLX
| Q1 26 | 2.9% | — | ||
| Q4 25 | 4.6% | -22.3% | ||
| Q3 25 | 4.5% | -18.8% | ||
| Q2 25 | 3.9% | -25.8% | ||
| Q1 25 | 2.0% | -20.8% | ||
| Q4 24 | 3.6% | -22.2% | ||
| Q3 24 | 3.8% | -26.0% | ||
| Q2 24 | 4.0% | -23.0% |
每股收益（稀释后）APGRBLX
| Q1 26 | $0.12 | — | ||
| Q4 25 | $-1.16 | $-0.44 | ||
| Q3 25 | $0.20 | $-0.37 | ||
| Q2 25 | $0.16 | $-0.41 | ||
| Q1 25 | $0.11 | $-0.32 | ||
| Q4 24 | $0.05 | $-0.32 | ||
| Q3 24 | $0.23 | $-0.37 | ||
| Q2 24 | $0.22 | $-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 | $645.0M | $3.1B |
| 总债务越低越好 | $2.8B | $1.2B |
| 股东权益账面价值 | $3.5B | $394.5M |
| 总资产 | $9.0B | $9.6B |
| 负债/权益比越低杠杆越低 | 0.79× | 2.98× |
8季度趋势，按日历期对齐
现金及短期投资APGRBLX
| Q1 26 | $645.0M | — | ||
| Q4 25 | $912.0M | $3.1B | ||
| Q3 25 | $555.0M | $2.9B | ||
| Q2 25 | $432.0M | $2.6B | ||
| Q1 25 | $460.0M | $2.7B | ||
| Q4 24 | $499.0M | $2.4B | ||
| Q3 24 | $487.0M | $2.3B | ||
| Q2 24 | $324.0M | $2.4B |
总债务APGRBLX
| Q1 26 | $2.8B | — | ||
| Q4 25 | $2.8B | $1.2B | ||
| Q3 25 | $2.8B | — | ||
| Q2 25 | $2.8B | — | ||
| Q1 25 | $2.8B | — | ||
| Q4 24 | $2.8B | $1.2B | ||
| Q3 24 | $2.9B | — | ||
| Q2 24 | $2.8B | — |
股东权益APGRBLX
| Q1 26 | $3.5B | — | ||
| Q4 25 | $3.4B | $394.5M | ||
| Q3 25 | $3.3B | $407.6M | ||
| Q2 25 | $3.2B | $353.2M | ||
| Q1 25 | $3.0B | $310.7M | ||
| Q4 24 | $3.0B | $221.4M | ||
| Q3 24 | $3.0B | $189.9M | ||
| Q2 24 | $2.8B | $121.5M |
总资产APGRBLX
| Q1 26 | $9.0B | — | ||
| Q4 25 | $8.9B | $9.6B | ||
| Q3 25 | $8.7B | $8.6B | ||
| Q2 25 | $8.5B | $7.8B | ||
| Q1 25 | $8.1B | $7.5B | ||
| Q4 24 | $8.2B | $7.2B | ||
| Q3 24 | $8.2B | $6.7B | ||
| Q2 24 | $8.0B | $6.5B |
负债/权益比APGRBLX
| Q1 26 | 0.79× | — | ||
| Q4 25 | 0.81× | 2.98× | ||
| Q3 25 | 0.84× | — | ||
| Q2 25 | 0.87× | — | ||
| Q1 25 | 0.92× | — | ||
| Q4 24 | 0.93× | 5.48× | ||
| Q3 24 | 0.96× | — | ||
| Q2 24 | 1.00× | — |
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 | $85.0M | $607.0M |
| 自由现金流经营现金流 - 资本支出 | $67.0M | $308.6M |
| 自由现金流率自由现金流/营收 | 3.4% | 21.8% |
| 资本支出强度资本支出/营收 | — | 21.1% |
| 现金转化率经营现金流/净利润 | 1.49× | — |
| 过去12个月自由现金流最近4个季度 | $680.0M | $1.4B |
8季度趋势，按日历期对齐
经营现金流APGRBLX
| Q1 26 | $85.0M | — | ||
| Q4 25 | $382.0M | $607.0M | ||
| Q3 25 | $232.0M | $546.2M | ||
| Q2 25 | $83.0M | $199.3M | ||
| Q1 25 | $62.0M | $443.9M | ||
| Q4 24 | $283.0M | $184.5M | ||
| Q3 24 | $220.0M | $247.4M | ||
| Q2 24 | $110.0M | $151.4M |
自由现金流APGRBLX
| Q1 26 | $67.0M | — | ||
| Q4 25 | $356.0M | $308.6M | ||
| Q3 25 | $201.0M | $443.6M | ||
| Q2 25 | $56.0M | $176.7M | ||
| Q1 25 | $50.0M | $426.5M | ||
| Q4 24 | $265.0M | $120.6M | ||
| Q3 24 | $198.0M | $218.0M | ||
| Q2 24 | $88.0M | $111.7M |
自由现金流率APGRBLX
| Q1 26 | 3.4% | — | ||
| Q4 25 | 16.8% | 21.8% | ||
| Q3 25 | 9.6% | 32.6% | ||
| Q2 25 | 2.8% | 16.3% | ||
| Q1 25 | 2.9% | 41.2% | ||
| Q4 24 | 14.2% | 12.2% | ||
| Q3 24 | 10.8% | 23.7% | ||
| Q2 24 | 5.1% | 12.5% |
资本支出强度APGRBLX
| Q1 26 | — | — | ||
| Q4 25 | 1.2% | 21.1% | ||
| Q3 25 | 1.5% | 7.5% | ||
| Q2 25 | 1.4% | 2.1% | ||
| Q1 25 | 0.7% | 1.7% | ||
| Q4 24 | 1.0% | 6.5% | ||
| Q3 24 | 1.2% | 3.2% | ||
| Q2 24 | 1.3% | 4.4% |
现金转化率APGRBLX
| Q1 26 | 1.49× | — | ||
| Q4 25 | 3.94× | — | ||
| Q3 25 | 2.49× | — | ||
| Q2 25 | 1.08× | — | ||
| Q1 25 | 1.77× | — | ||
| Q4 24 | 4.22× | — | ||
| Q3 24 | 3.19× | — | ||
| Q2 24 | 1.59× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
