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ATI INC（ATI）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ATI INC的1.2倍（$1.4B vs $1.2B），ATI INC净利率更高（8.2% vs -22.3%，领先30.5%），罗布乐思同比增速更快（43.2% vs 0.4%），罗布乐思自由现金流更多（$308.6M vs $223.1M），过去两年罗布乐思的营收复合增速更高（32.9% vs 6.2%）
ATI是加拿大半导体科技企业，总部位于安大略省万锦市，专注于图形处理器（GPU）及芯片组研发。公司成立于1985年，1993年公开上市，2006年被AMD收购。作为无晶圆厂半导体巨头，ATI坚持自主研发，生产组装环节外包，2000年竞争对手3dfx破产后，成为全球图形芯片领域的核心厂商之一。
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。
ATI vs RBLX — 直观对比
营收规模更大
RBLX
是对方的1.2倍
$1.2B
营收增速更快
RBLX
高出42.8%
0.4%
净利率更高
ATI
高出30.5%
-22.3%
自由现金流更多
RBLX
多$85.5M
$223.1M
两年增速更快
RBLX
近两年复合增速
6.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $1.4B |
| 净利润 | $96.6M | $-316.0M |
| 毛利率 | 23.2% | 77.7% |
| 营业利润率 | 14.5% | -25.3% |
| 净利率 | 8.2% | -22.3% |
| 营收同比 | 0.4% | 43.2% |
| 净利润同比 | -29.5% | -43.9% |
| 每股收益（稀释后） | $0.70 | $-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ATIRBLX
| Q4 25 | $1.2B | $1.4B | ||
| Q3 25 | $1.1B | $1.4B | ||
| Q2 25 | $1.1B | $1.1B | ||
| Q1 25 | $1.1B | $1.0B | ||
| Q4 24 | $1.2B | $988.2M | ||
| Q3 24 | $1.1B | $919.0M | ||
| Q2 24 | $1.1B | $893.5M | ||
| Q1 24 | $1.0B | $801.3M |
净利润ATIRBLX
| Q4 25 | $96.6M | $-316.0M | ||
| Q3 25 | $110.0M | $-255.6M | ||
| Q2 25 | $100.7M | $-278.4M | ||
| Q1 25 | $97.0M | $-215.1M | ||
| Q4 24 | $137.1M | $-219.6M | ||
| Q3 24 | $82.7M | $-239.3M | ||
| Q2 24 | $81.9M | $-205.9M | ||
| Q1 24 | $66.1M | $-270.6M |
毛利率ATIRBLX
| Q4 25 | 23.2% | 77.7% | ||
| Q3 25 | 22.7% | 78.2% | ||
| Q2 25 | 21.3% | 78.2% | ||
| Q1 25 | 20.6% | 78.3% | ||
| Q4 24 | 21.2% | 77.9% | ||
| Q3 24 | 21.4% | 77.7% | ||
| Q2 24 | 20.8% | 77.8% | ||
| Q1 24 | 18.9% | 77.7% |
营业利润率ATIRBLX
| Q4 25 | 14.5% | -25.3% | ||
| Q3 25 | 14.4% | -21.8% | ||
| Q2 25 | 14.1% | -29.8% | ||
| Q1 25 | 12.8% | -24.6% | ||
| Q4 24 | 17.8% | -24.7% | ||
| Q3 24 | 13.5% | -30.4% | ||
| Q2 24 | 13.0% | -26.6% | ||
| Q1 24 | 11.0% | -37.7% |
净利率ATIRBLX
| Q4 25 | 8.2% | -22.3% | ||
| Q3 25 | 9.8% | -18.8% | ||
| Q2 25 | 8.8% | -25.8% | ||
| Q1 25 | 8.5% | -20.8% | ||
| Q4 24 | 11.7% | -22.2% | ||
| Q3 24 | 7.9% | -26.0% | ||
| Q2 24 | 7.5% | -23.0% | ||
| Q1 24 | 6.3% | -33.8% |
每股收益（稀释后）ATIRBLX
| Q4 25 | $0.70 | $-0.44 | ||
| Q3 25 | $0.78 | $-0.37 | ||
| Q2 25 | $0.70 | $-0.41 | ||
| Q1 25 | $0.67 | $-0.32 | ||
| Q4 24 | $0.94 | $-0.32 | ||
| Q3 24 | $0.57 | $-0.37 | ||
| Q2 24 | $0.58 | $-0.32 | ||
| Q1 24 | $0.46 | $-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 | $416.7M | $3.1B |
| 总债务越低越好 | $1.7B | $1.2B |
| 股东权益账面价值 | $1.8B | $394.5M |
| 总资产 | $5.1B | $9.6B |
| 负债/权益比越低杠杆越低 | 0.95× | 2.98× |
8季度趋势，按日历期对齐
现金及短期投资ATIRBLX
| Q4 25 | $416.7M | $3.1B | ||
| Q3 25 | $372.2M | $2.9B | ||
| Q2 25 | $319.6M | $2.6B | ||
| Q1 25 | $475.8M | $2.7B | ||
| Q4 24 | $721.2M | $2.4B | ||
| Q3 24 | $406.6M | $2.3B | ||
| Q2 24 | $425.6M | $2.4B | ||
| Q1 24 | $394.4M | $2.4B |
总债务ATIRBLX
| Q4 25 | $1.7B | $1.2B | ||
| Q3 25 | $1.7B | — | ||
| Q2 25 | $1.7B | — | ||
| Q1 25 | $1.7B | — | ||
| Q4 24 | $1.7B | $1.2B | ||
| Q3 24 | $1.9B | — | ||
| Q2 24 | $1.9B | — | ||
| Q1 24 | $2.1B | — |
股东权益ATIRBLX
| Q4 25 | $1.8B | $394.5M | ||
| Q3 25 | $1.7B | $407.6M | ||
| Q2 25 | $1.7B | $353.2M | ||
| Q1 25 | $1.9B | $310.7M | ||
| Q4 24 | $1.9B | $221.4M | ||
| Q3 24 | $1.8B | $189.9M | ||
| Q2 24 | $1.4B | $121.5M | ||
| Q1 24 | $1.3B | $71.6M |
总资产ATIRBLX
| Q4 25 | $5.1B | $9.6B | ||
| Q3 25 | $5.0B | $8.6B | ||
| Q2 25 | $5.0B | $7.8B | ||
| Q1 25 | $5.2B | $7.5B | ||
| Q4 24 | $5.2B | $7.2B | ||
| Q3 24 | $5.1B | $6.7B | ||
| Q2 24 | $4.9B | $6.5B | ||
| Q1 24 | $4.8B | $6.3B |
负债/权益比ATIRBLX
| Q4 25 | 0.95× | 2.98× | ||
| Q3 25 | 1.00× | — | ||
| Q2 25 | 0.98× | — | ||
| Q1 25 | 0.91× | — | ||
| Q4 24 | 0.93× | 5.48× | ||
| Q3 24 | 1.04× | — | ||
| Q2 24 | 1.37× | — | ||
| Q1 24 | 1.70× | — |
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 | $315.8M | $607.0M |
| 自由现金流经营现金流 - 资本支出 | $223.1M | $308.6M |
| 自由现金流率自由现金流/营收 | 19.0% | 21.8% |
| 资本支出强度资本支出/营收 | 7.9% | 21.1% |
| 现金转化率经营现金流/净利润 | 3.27× | — |
| 过去12个月自由现金流最近4个季度 | $333.7M | $1.4B |
8季度趋势，按日历期对齐
经营现金流ATIRBLX
| Q4 25 | $315.8M | $607.0M | ||
| Q3 25 | $229.5M | $546.2M | ||
| Q2 25 | $161.5M | $199.3M | ||
| Q1 25 | $-92.5M | $443.9M | ||
| Q4 24 | $380.9M | $184.5M | ||
| Q3 24 | $24.0M | $247.4M | ||
| Q2 24 | $101.1M | $151.4M | ||
| Q1 24 | $-98.8M | $238.9M |
自由现金流ATIRBLX
| Q4 25 | $223.1M | $308.6M | ||
| Q3 25 | $167.0M | $443.6M | ||
| Q2 25 | $89.4M | $176.7M | ||
| Q1 25 | $-145.8M | $426.5M | ||
| Q4 24 | $333.6M | $120.6M | ||
| Q3 24 | $-41.8M | $218.0M | ||
| Q2 24 | $40.9M | $111.7M | ||
| Q1 24 | $-164.6M | $192.3M |
自由现金流率ATIRBLX
| Q4 25 | 19.0% | 21.8% | ||
| Q3 25 | 14.8% | 32.6% | ||
| Q2 25 | 7.8% | 16.3% | ||
| Q1 25 | -12.7% | 41.2% | ||
| Q4 24 | 28.4% | 12.2% | ||
| Q3 24 | -4.0% | 23.7% | ||
| Q2 24 | 3.7% | 12.5% | ||
| Q1 24 | -15.8% | 24.0% |
资本支出强度ATIRBLX
| Q4 25 | 7.9% | 21.1% | ||
| Q3 25 | 5.6% | 7.5% | ||
| Q2 25 | 6.3% | 2.1% | ||
| Q1 25 | 4.7% | 1.7% | ||
| Q4 24 | 4.0% | 6.5% | ||
| Q3 24 | 6.3% | 3.2% | ||
| Q2 24 | 5.5% | 4.4% | ||
| Q1 24 | 6.3% | 5.8% |
现金转化率ATIRBLX
| Q4 25 | 3.27× | — | ||
| Q3 25 | 2.09× | — | ||
| Q2 25 | 1.60× | — | ||
| Q1 25 | -0.95× | — | ||
| Q4 24 | 2.78× | — | ||
| Q3 24 | 0.29× | — | ||
| Q2 24 | 1.23× | — | ||
| Q1 24 | -1.49× | — |
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
ATI
| Other | $527.1M | 45% |
| Advanced Alloys Solutions | $333.5M | 28% |
| Airframes Commercial | $82.0M | 7% |
| Defense | $73.7M | 6% |
| Electronics Market | $53.1M | 5% |
| Internal Customers | $50.9M | 4% |
| Specialty Energy | $29.3M | 2% |
| Medical Market | $12.2M | 1% |
| Construction Mining Market | $7.2M | 1% |
| Other Market | $5.6M | 0% |
| Conventional Energy | $1.9M | 0% |
| Automotive Market | $600.0K | 0% |
RBLX
暂无分部数据
