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艾仕得（AXTA）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艾仕得的1.1倍（$1.4B vs $1.3B），艾仕得净利率更高（4.8% vs -22.3%，领先27.1%），罗布乐思同比增速更快（43.2% vs -3.7%），罗布乐思自由现金流更多（$308.6M vs $286.0M），过去两年罗布乐思的营收复合增速更高（32.9% vs -1.2%）
艾仕得是源自美国的专业涂料供应商，总部位于宾夕法尼亚州费城，注册地为百慕大。公司主营乘用车、商用车、工业场景及修补用途涂料的研发与生产，业务覆盖全球130个国家，拥有近1.3万名员工，服务超10万家客户。
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。
AXTA vs RBLX — 直观对比
营收规模更大
RBLX
是对方的1.1倍
$1.3B
营收增速更快
RBLX
高出46.9%
-3.7%
净利率更高
AXTA
高出27.1%
-22.3%
自由现金流更多
RBLX
多$22.6M
$286.0M
两年增速更快
RBLX
近两年复合增速
-1.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $1.4B |
| 净利润 | $60.0M | $-316.0M |
| 毛利率 | 33.4% | 77.7% |
| 营业利润率 | 12.8% | -25.3% |
| 净利率 | 4.8% | -22.3% |
| 营收同比 | -3.7% | 43.2% |
| 净利润同比 | -56.2% | -43.9% |
| 每股收益（稀释后） | $0.28 | $-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AXTARBLX
| Q4 25 | $1.3B | $1.4B | ||
| Q3 25 | $1.3B | $1.4B | ||
| Q2 25 | $1.3B | $1.1B | ||
| Q1 25 | $1.3B | $1.0B | ||
| Q4 24 | $1.3B | $988.2M | ||
| Q3 24 | $1.3B | $919.0M | ||
| Q2 24 | $1.4B | $893.5M | ||
| Q1 24 | $1.3B | $801.3M |
净利润AXTARBLX
| Q4 25 | $60.0M | $-316.0M | ||
| Q3 25 | $110.0M | $-255.6M | ||
| Q2 25 | $109.0M | $-278.4M | ||
| Q1 25 | $99.0M | $-215.1M | ||
| Q4 24 | $137.0M | $-219.6M | ||
| Q3 24 | $101.0M | $-239.3M | ||
| Q2 24 | $112.0M | $-205.9M | ||
| Q1 24 | $41.0M | $-270.6M |
毛利率AXTARBLX
| Q4 25 | 33.4% | 77.7% | ||
| Q3 25 | 34.9% | 78.2% | ||
| Q2 25 | 35.0% | 78.2% | ||
| Q1 25 | 34.3% | 78.3% | ||
| Q4 24 | 34.1% | 77.9% | ||
| Q3 24 | 35.0% | 77.7% | ||
| Q2 24 | 34.0% | 77.8% | ||
| Q1 24 | 33.2% | 77.7% |
营业利润率AXTARBLX
| Q4 25 | 12.8% | -25.3% | ||
| Q3 25 | 15.8% | -21.8% | ||
| Q2 25 | 14.8% | -29.8% | ||
| Q1 25 | 13.9% | -24.6% | ||
| Q4 24 | 14.3% | -24.7% | ||
| Q3 24 | 14.6% | -30.4% | ||
| Q2 24 | 15.2% | -26.6% | ||
| Q1 24 | 9.4% | -37.7% |
净利率AXTARBLX
| Q4 25 | 4.8% | -22.3% | ||
| Q3 25 | 8.5% | -18.8% | ||
| Q2 25 | 8.4% | -25.8% | ||
| Q1 25 | 7.8% | -20.8% | ||
| Q4 24 | 10.5% | -22.2% | ||
| Q3 24 | 7.7% | -26.0% | ||
| Q2 24 | 8.3% | -23.0% | ||
| Q1 24 | 3.2% | -33.8% |
每股收益（稀释后）AXTARBLX
| Q4 25 | $0.28 | $-0.44 | ||
| Q3 25 | $0.51 | $-0.37 | ||
| Q2 25 | $0.50 | $-0.41 | ||
| Q1 25 | $0.45 | $-0.32 | ||
| Q4 24 | $0.63 | $-0.32 | ||
| Q3 24 | $0.46 | $-0.37 | ||
| Q2 24 | $0.51 | $-0.32 | ||
| Q1 24 | $0.18 | $-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 | $657.0M | $3.1B |
| 总债务越低越好 | $3.2B | $1.2B |
| 股东权益账面价值 | $2.3B | $394.5M |
| 总资产 | $7.6B | $9.6B |
| 负债/权益比越低杠杆越低 | 1.36× | 2.98× |
8季度趋势，按日历期对齐
现金及短期投资AXTARBLX
| Q4 25 | $657.0M | $3.1B | ||
| Q3 25 | $606.0M | $2.9B | ||
| Q2 25 | $625.0M | $2.6B | ||
| Q1 25 | $575.0M | $2.7B | ||
| Q4 24 | $593.0M | $2.4B | ||
| Q3 24 | $567.0M | $2.3B | ||
| Q2 24 | $840.0M | $2.4B | ||
| Q1 24 | $624.0M | $2.4B |
总债务AXTARBLX
| Q4 25 | $3.2B | $1.2B | ||
| Q3 25 | $3.4B | — | ||
| Q2 25 | $3.4B | — | ||
| Q1 25 | $3.4B | — | ||
| Q4 24 | $3.4B | $1.2B | ||
| Q3 24 | $3.5B | — | ||
| Q2 24 | $3.6B | — | ||
| Q1 24 | $3.4B | — |
股东权益AXTARBLX
| Q4 25 | $2.3B | $394.5M | ||
| Q3 25 | $2.3B | $407.6M | ||
| Q2 25 | $2.3B | $353.2M | ||
| Q1 25 | $2.1B | $310.7M | ||
| Q4 24 | $1.9B | $221.4M | ||
| Q3 24 | $1.9B | $189.9M | ||
| Q2 24 | $1.8B | $121.5M | ||
| Q1 24 | $1.7B | $71.6M |
总资产AXTARBLX
| Q4 25 | $7.6B | $9.6B | ||
| Q3 25 | $7.8B | $8.6B | ||
| Q2 25 | $7.8B | $7.8B | ||
| Q1 25 | $7.4B | $7.5B | ||
| Q4 24 | $7.2B | $7.2B | ||
| Q3 24 | $7.5B | $6.7B | ||
| Q2 24 | $7.3B | $6.5B | ||
| Q1 24 | $7.1B | $6.3B |
负债/权益比AXTARBLX
| Q4 25 | 1.36× | 2.98× | ||
| Q3 25 | 1.48× | — | ||
| Q2 25 | 1.50× | — | ||
| Q1 25 | 1.64× | — | ||
| Q4 24 | 1.78× | 5.48× | ||
| Q3 24 | 1.84× | — | ||
| Q2 24 | 2.02× | — | ||
| Q1 24 | 1.97× | — |
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 | $344.0M | $607.0M |
| 自由现金流经营现金流 - 资本支出 | $286.0M | $308.6M |
| 自由现金流率自由现金流/营收 | 22.7% | 21.8% |
| 资本支出强度资本支出/营收 | 4.6% | 21.1% |
| 现金转化率经营现金流/净利润 | 5.73× | — |
| 过去12个月自由现金流最近4个季度 | $453.0M | $1.4B |
8季度趋势，按日历期对齐
经营现金流AXTARBLX
| Q4 25 | $344.0M | $607.0M | ||
| Q3 25 | $137.0M | $546.2M | ||
| Q2 25 | $142.0M | $199.3M | ||
| Q1 25 | $26.0M | $443.9M | ||
| Q4 24 | $234.0M | $184.5M | ||
| Q3 24 | $194.0M | $247.4M | ||
| Q2 24 | $114.0M | $151.4M | ||
| Q1 24 | $34.0M | $238.9M |
自由现金流AXTARBLX
| Q4 25 | $286.0M | $308.6M | ||
| Q3 25 | $87.0M | $443.6M | ||
| Q2 25 | $97.0M | $176.7M | ||
| Q1 25 | $-17.0M | $426.5M | ||
| Q4 24 | $172.0M | $120.6M | ||
| Q3 24 | $161.0M | $218.0M | ||
| Q2 24 | $91.0M | $111.7M | ||
| Q1 24 | $12.0M | $192.3M |
自由现金流率AXTARBLX
| Q4 25 | 22.7% | 21.8% | ||
| Q3 25 | 6.8% | 32.6% | ||
| Q2 25 | 7.4% | 16.3% | ||
| Q1 25 | -1.3% | 41.2% | ||
| Q4 24 | 13.1% | 12.2% | ||
| Q3 24 | 12.2% | 23.7% | ||
| Q2 24 | 6.7% | 12.5% | ||
| Q1 24 | 0.9% | 24.0% |
资本支出强度AXTARBLX
| Q4 25 | 4.6% | 21.1% | ||
| Q3 25 | 3.9% | 7.5% | ||
| Q2 25 | 3.4% | 2.1% | ||
| Q1 25 | 3.4% | 1.7% | ||
| Q4 24 | 4.7% | 6.5% | ||
| Q3 24 | 2.5% | 3.2% | ||
| Q2 24 | 1.7% | 4.4% | ||
| Q1 24 | 1.7% | 5.8% |
现金转化率AXTARBLX
| Q4 25 | 5.73× | — | ||
| Q3 25 | 1.25× | — | ||
| Q2 25 | 1.30× | — | ||
| Q1 25 | 0.26× | — | ||
| Q4 24 | 1.71× | — | ||
| Q3 24 | 1.92× | — | ||
| Q2 24 | 1.02× | — | ||
| Q1 24 | 0.83× | — |
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
AXTA
| Refinish | $509.0M | 40% |
| Light Vehicle | $372.0M | 29% |
| Industrial | $282.0M | 22% |
| Commercial Vehicle | $99.0M | 8% |
RBLX
暂无分部数据
