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Alexandria Real Estate Equities（ARE）与ROKU, INC（ROKU）财务数据对比。点击上方公司名可切换其他公司
ROKU, INC的季度营收约是Alexandria Real Estate Equities的1.9倍（$1.2B vs $671.0M），Alexandria Real Estate Equities净利率更高（59.4% vs -2.2%，领先61.6%），Alexandria Real Estate Equities同比增速更快（-11.5% vs -18.3%），过去两年ROKU, INC的营收复合增速更高（13.6% vs -6.4%）
Alexandria Real Estate Equities（NYSE:ARE）是标普500成分股中的城市办公类房地产投资信托，作为业内首创、运营经验最丰富的先行企业，专注于在顶级创新集群区域开发、运营生命科学、科技及农业科技协作型产业园区。截至2020年12月末，公司总市值达319亿美元，北美地区资产总面积达4970万平方英尺。
Roku是美国流媒体技术企业，2002年由安东尼·伍德创立，主营数字媒体播放器、电视硬件生产，流媒体内容分发及平台广告运营。截至2024年覆盖用户达1.45亿，是美国流媒体视频分发领域的市场领导者，业务覆盖澳、加、法、德、英及拉美多国。
ARE vs ROKU — 直观对比
营收规模更大
ROKU
是对方的1.9倍
$671.0M
营收增速更快
ARE
高出6.8%
-18.3%
净利率更高
ARE
高出61.6%
-2.2%
两年增速更快
ROKU
近两年复合增速
-6.4%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $671.0M | $1.2B |
| 净利润 | $398.4M | $-27.4M |
| 毛利率 | — | 35.6% |
| 营业利润率 | — | 59.7% |
| 净利率 | 59.4% | -2.2% |
| 营收同比 | -11.5% | -18.3% |
| 净利润同比 | 740.6% | -361.0% |
| 每股收益（稀释后） | $2.10 | $0.57 |
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AREROKU
| Q1 26 | $671.0M | $1.2B | ||
| Q4 25 | $754.4M | $1.4B | ||
| Q3 25 | $751.9M | $1.2B | ||
| Q2 25 | $762.0M | $1.1B | ||
| Q1 25 | $758.2M | $1.0B | ||
| Q4 24 | $788.9M | $1.2B | ||
| Q3 24 | $791.6M | $1.1B | ||
| Q2 24 | $766.7M | $968.2M |
净利润AREROKU
| Q1 26 | $398.4M | $-27.4M | ||
| Q4 25 | $-1.1B | $80.5M | ||
| Q3 25 | $-232.8M | $24.8M | ||
| Q2 25 | $-107.0M | $10.5M | ||
| Q1 25 | $-8.9M | $-27.4M | ||
| Q4 24 | $-62.2M | $-35.5M | ||
| Q3 24 | $167.9M | $-9.0M | ||
| Q2 24 | $46.7M | $-34.0M |
毛利率AREROKU
| Q1 26 | — | 35.6% | ||
| Q4 25 | — | 43.5% | ||
| Q3 25 | — | 43.4% | ||
| Q2 25 | — | 44.8% | ||
| Q1 25 | — | 43.6% | ||
| Q4 24 | — | 42.7% | ||
| Q3 24 | — | 45.2% | ||
| Q2 24 | — | 43.9% |
营业利润率AREROKU
| Q1 26 | — | 59.7% | ||
| Q4 25 | — | 4.7% | ||
| Q3 25 | — | 0.8% | ||
| Q2 25 | — | -2.1% | ||
| Q1 25 | — | -5.7% | ||
| Q4 24 | — | -3.3% | ||
| Q3 24 | — | -3.4% | ||
| Q2 24 | — | -7.4% |
净利率AREROKU
| Q1 26 | 59.4% | -2.2% | ||
| Q4 25 | -143.3% | 5.8% | ||
| Q3 25 | -31.0% | 2.0% | ||
| Q2 25 | -14.0% | 0.9% | ||
| Q1 25 | -1.2% | -2.7% | ||
| Q4 24 | -7.9% | -3.0% | ||
| Q3 24 | 21.2% | -0.9% | ||
| Q2 24 | 6.1% | -3.5% |
每股收益（稀释后）AREROKU
| Q1 26 | $2.10 | $0.57 | ||
| Q4 25 | $-6.35 | $0.55 | ||
| Q3 25 | $-1.38 | $0.16 | ||
| Q2 25 | $-0.64 | $0.07 | ||
| Q1 25 | $-0.07 | $-0.19 | ||
| Q4 24 | $-0.38 | $-0.24 | ||
| Q3 24 | $0.96 | $-0.06 | ||
| Q2 24 | $0.25 | $-0.24 |
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 | $418.7M | $2.4B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $19.4B | $2.7B |
| 总资产 | $34.2B | $4.4B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资AREROKU
| Q1 26 | $418.7M | $2.4B | ||
| Q4 25 | $549.1M | $2.3B | ||
| Q3 25 | $579.5M | $2.3B | ||
| Q2 25 | $520.5M | $2.3B | ||
| Q1 25 | $476.4M | $2.3B | ||
| Q4 24 | $552.1M | $2.2B | ||
| Q3 24 | $562.6M | $2.1B | ||
| Q2 24 | $561.0M | $2.1B |
总债务AREROKU
| Q1 26 | — | — | ||
| Q4 25 | $12.4B | — | ||
| Q3 25 | $13.6B | — | ||
| Q2 25 | $13.3B | — | ||
| Q1 25 | $13.1B | — | ||
| Q4 24 | $12.2B | — | ||
| Q3 24 | $12.7B | — | ||
| Q2 24 | $12.4B | — |
股东权益AREROKU
| Q1 26 | $19.4B | $2.7B | ||
| Q4 25 | $15.5B | $2.7B | ||
| Q3 25 | $16.6B | $2.6B | ||
| Q2 25 | $17.2B | $2.6B | ||
| Q1 25 | $17.5B | $2.5B | ||
| Q4 24 | $17.9B | $2.5B | ||
| Q3 24 | $18.2B | $2.5B | ||
| Q2 24 | $18.3B | $2.4B |
总资产AREROKU
| Q1 26 | $34.2B | $4.4B | ||
| Q4 25 | $34.1B | $4.4B | ||
| Q3 25 | $37.4B | $4.4B | ||
| Q2 25 | $37.6B | $4.3B | ||
| Q1 25 | $37.6B | $4.2B | ||
| Q4 24 | $37.5B | $4.3B | ||
| Q3 24 | $38.5B | $4.3B | ||
| Q2 24 | $37.8B | $4.1B |
负债/权益比AREROKU
| Q1 26 | — | — | ||
| Q4 25 | 0.80× | — | ||
| Q3 25 | 0.82× | — | ||
| Q2 25 | 0.77× | — | ||
| Q1 25 | 0.75× | — | ||
| Q4 24 | 0.68× | — | ||
| Q3 24 | 0.70× | — | ||
| Q2 24 | 0.68× | — |
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 | $475.0M | $199.1M |
| 自由现金流经营现金流 - 资本支出 | — | $298.4M |
| 自由现金流率自由现金流/营收 | — | 23.9% |
| 资本支出强度资本支出/营收 | 76.0% | — |
| 现金转化率经营现金流/净利润 | 1.19× | — |
| 过去12个月自由现金流最近4个季度 | — | $640.0M |
8季度趋势，按日历期对齐
经营现金流AREROKU
| Q1 26 | $475.0M | $199.1M | ||
| Q4 25 | $312.4M | $107.7M | ||
| Q3 25 | $433.5M | $127.6M | ||
| Q2 25 | $460.2M | $109.7M | ||
| Q1 25 | $207.9M | $138.7M | ||
| Q4 24 | $274.2M | $79.3M | ||
| Q3 24 | $477.4M | $68.7M | ||
| Q2 24 | $411.8M | $23.4M |
自由现金流AREROKU
| Q1 26 | — | $298.4M | ||
| Q4 25 | — | $106.6M | ||
| Q3 25 | — | $126.5M | ||
| Q2 25 | — | $108.6M | ||
| Q1 25 | — | $136.8M | ||
| Q4 24 | — | $76.8M | ||
| Q3 24 | — | $67.6M | ||
| Q2 24 | — | $22.5M |
自由现金流率AREROKU
| Q1 26 | — | 23.9% | ||
| Q4 25 | — | 7.6% | ||
| Q3 25 | — | 10.4% | ||
| Q2 25 | — | 9.8% | ||
| Q1 25 | — | 13.4% | ||
| Q4 24 | — | 6.4% | ||
| Q3 24 | — | 6.4% | ||
| Q2 24 | — | 2.3% |
资本支出强度AREROKU
| Q1 26 | 76.0% | — | ||
| Q4 25 | — | 0.1% | ||
| Q3 25 | — | 0.1% | ||
| Q2 25 | — | 0.1% | ||
| Q1 25 | — | 0.2% | ||
| Q4 24 | — | 0.2% | ||
| Q3 24 | — | 0.1% | ||
| Q2 24 | — | 0.1% |
现金转化率AREROKU
| Q1 26 | 1.19× | — | ||
| Q4 25 | — | 1.34× | ||
| Q3 25 | — | 5.14× | ||
| Q2 25 | — | 10.45× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.84× | — | ||
| Q2 24 | 8.82× | — |
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
ARE
| Same properties | $431.4M | 64% |
| Tenant recoveries | $178.2M | 27% |
| Non-same properties | $43.3M | 6% |
| Other | $18.0M | 3% |
ROKU
| Advertising | $612.7M | 49% |
| Subscriptions | $518.5M | 42% |
| Devices | $117.6M | 9% |
