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博思艾伦汉密尔顿（BAH）与ROKU, INC（ROKU）财务数据对比。点击上方公司名可切换其他公司
博思艾伦汉密尔顿的季度营收约是ROKU, INC的2.1倍（$2.6B vs $1.2B），博思艾伦汉密尔顿净利率更高（7.6% vs -2.2%，领先9.8%），博思艾伦汉密尔顿同比增速更快（-10.2% vs -18.3%），ROKU, INC自由现金流更多（$298.4M vs $248.0M），过去两年ROKU, INC的营收复合增速更高（13.6% vs -2.8%）
博思艾伦汉密尔顿控股集团是美国知名专业服务企业，深耕数字化转型与人工智能领域，为公共部门、私营机构及非营利组织提供咨询、分析与工程服务，总部位于弗吉尼亚州麦克莱恩，属华盛顿大都会区，在全球另设有80个办事处。
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。
BAH vs ROKU — 直观对比
营收规模更大
BAH
是对方的2.1倍
$1.2B
营收增速更快
BAH
高出8.1%
-18.3%
净利率更高
BAH
高出9.8%
-2.2%
自由现金流更多
ROKU
多$50.4M
$248.0M
两年增速更快
ROKU
近两年复合增速
-2.8%
损益表 — Q3 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.6B | $1.2B |
| 净利润 | $200.0M | $-27.4M |
| 毛利率 | 51.9% | 35.6% |
| 营业利润率 | 8.8% | 59.7% |
| 净利率 | 7.6% | -2.2% |
| 营收同比 | -10.2% | -18.3% |
| 净利润同比 | 7.0% | -361.0% |
| 每股收益（稀释后） | $1.63 | $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BAHROKU
| Q1 26 | — | $1.2B | ||
| Q4 25 | $2.6B | $1.4B | ||
| Q3 25 | $2.9B | $1.2B | ||
| Q2 25 | $2.9B | $1.1B | ||
| Q1 25 | $3.0B | $1.0B | ||
| Q4 24 | $2.9B | $1.2B | ||
| Q3 24 | $3.1B | $1.1B | ||
| Q2 24 | $2.9B | $968.2M |
净利润BAHROKU
| Q1 26 | — | $-27.4M | ||
| Q4 25 | $200.0M | $80.5M | ||
| Q3 25 | $175.0M | $24.8M | ||
| Q2 25 | $271.0M | $10.5M | ||
| Q1 25 | $192.7M | $-27.4M | ||
| Q4 24 | $186.9M | $-35.5M | ||
| Q3 24 | $390.1M | $-9.0M | ||
| Q2 24 | $165.2M | $-34.0M |
毛利率BAHROKU
| Q1 26 | — | 35.6% | ||
| Q4 25 | 51.9% | 43.5% | ||
| Q3 25 | 53.6% | 43.4% | ||
| Q2 25 | 51.3% | 44.8% | ||
| Q1 25 | 53.6% | 43.6% | ||
| Q4 24 | 55.2% | 42.7% | ||
| Q3 24 | 56.7% | 45.2% | ||
| Q2 24 | 53.4% | 43.9% |
营业利润率BAHROKU
| Q1 26 | — | 59.7% | ||
| Q4 25 | 8.8% | 4.7% | ||
| Q3 25 | 9.8% | 0.8% | ||
| Q2 25 | 8.8% | -2.1% | ||
| Q1 25 | 9.2% | -5.7% | ||
| Q4 24 | 10.0% | -3.3% | ||
| Q3 24 | 17.4% | -3.4% | ||
| Q2 24 | 8.7% | -7.4% |
净利率BAHROKU
| Q1 26 | — | -2.2% | ||
| Q4 25 | 7.6% | 5.8% | ||
| Q3 25 | 6.1% | 2.0% | ||
| Q2 25 | 9.3% | 0.9% | ||
| Q1 25 | 6.5% | -2.7% | ||
| Q4 24 | 6.4% | -3.0% | ||
| Q3 24 | 12.4% | -0.9% | ||
| Q2 24 | 5.6% | -3.5% |
每股收益（稀释后）BAHROKU
| Q1 26 | — | $0.57 | ||
| Q4 25 | $1.63 | $0.55 | ||
| Q3 25 | $1.42 | $0.16 | ||
| Q2 25 | $2.16 | $0.07 | ||
| Q1 25 | $1.52 | $-0.19 | ||
| Q4 24 | $1.45 | $-0.24 | ||
| Q3 24 | $3.01 | $-0.06 | ||
| Q2 24 | $1.27 | $-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 | $882.0M | $2.4B |
| 总债务越低越好 | $3.9B | — |
| 股东权益账面价值 | $1.0B | $2.7B |
| 总资产 | $7.1B | $4.4B |
| 负债/权益比越低杠杆越低 | 3.84× | — |
8季度趋势，按日历期对齐
现金及短期投资BAHROKU
| Q1 26 | — | $2.4B | ||
| Q4 25 | $882.0M | $2.3B | ||
| Q3 25 | $816.0M | $2.3B | ||
| Q2 25 | $711.0M | $2.3B | ||
| Q1 25 | $885.0M | $2.3B | ||
| Q4 24 | $453.5M | $2.2B | ||
| Q3 24 | $558.7M | $2.1B | ||
| Q2 24 | $297.7M | $2.1B |
总债务BAHROKU
| Q1 26 | — | — | ||
| Q4 25 | $3.9B | — | ||
| Q3 25 | $4.0B | — | ||
| Q2 25 | $4.0B | — | ||
| Q1 25 | $4.0B | — | ||
| Q4 24 | $3.4B | — | ||
| Q3 24 | $3.4B | — | ||
| Q2 24 | $3.4B | — |
股东权益BAHROKU
| Q1 26 | — | $2.7B | ||
| Q4 25 | $1.0B | $2.7B | ||
| Q3 25 | $996.0M | $2.6B | ||
| Q2 25 | $1.1B | $2.6B | ||
| Q1 25 | $1.0B | $2.5B | ||
| Q4 24 | $1.2B | $2.5B | ||
| Q3 24 | $1.2B | $2.5B | ||
| Q2 24 | $1.1B | $2.4B |
总资产BAHROKU
| Q1 26 | — | $4.4B | ||
| Q4 25 | $7.1B | $4.4B | ||
| Q3 25 | $7.2B | $4.4B | ||
| Q2 25 | $7.2B | $4.3B | ||
| Q1 25 | $7.3B | $4.2B | ||
| Q4 24 | $6.8B | $4.3B | ||
| Q3 24 | $6.9B | $4.3B | ||
| Q2 24 | $6.6B | $4.1B |
负债/权益比BAHROKU
| Q1 26 | — | — | ||
| Q4 25 | 3.84× | — | ||
| Q3 25 | 3.98× | — | ||
| Q2 25 | 3.74× | — | ||
| Q1 25 | 3.99× | — | ||
| Q4 24 | 2.79× | — | ||
| Q3 24 | 2.83× | — | ||
| Q2 24 | 3.14× | — |
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 | $261.0M | $199.1M |
| 自由现金流经营现金流 - 资本支出 | $248.0M | $298.4M |
| 自由现金流率自由现金流/营收 | 9.5% | 23.9% |
| 资本支出强度资本支出/营收 | 0.5% | — |
| 现金转化率经营现金流/净利润 | 1.30× | — |
| 过去12个月自由现金流最近4个季度 | $933.4M | $640.0M |
8季度趋势，按日历期对齐
经营现金流BAHROKU
| Q1 26 | — | $199.1M | ||
| Q4 25 | $261.0M | $107.7M | ||
| Q3 25 | $421.0M | $127.6M | ||
| Q2 25 | $119.0M | $109.7M | ||
| Q1 25 | $219.0M | $138.7M | ||
| Q4 24 | $150.8M | $79.3M | ||
| Q3 24 | $587.1M | $68.7M | ||
| Q2 24 | $52.1M | $23.4M |
自由现金流BAHROKU
| Q1 26 | — | $298.4M | ||
| Q4 25 | $248.0M | $106.6M | ||
| Q3 25 | $395.0M | $126.5M | ||
| Q2 25 | $96.0M | $108.6M | ||
| Q1 25 | $194.4M | $136.8M | ||
| Q4 24 | $133.6M | $76.8M | ||
| Q3 24 | $563.3M | $67.6M | ||
| Q2 24 | $19.7M | $22.5M |
自由现金流率BAHROKU
| Q1 26 | — | 23.9% | ||
| Q4 25 | 9.5% | 7.6% | ||
| Q3 25 | 13.7% | 10.4% | ||
| Q2 25 | 3.3% | 9.8% | ||
| Q1 25 | 6.5% | 13.4% | ||
| Q4 24 | 4.6% | 6.4% | ||
| Q3 24 | 17.9% | 6.4% | ||
| Q2 24 | 0.7% | 2.3% |
资本支出强度BAHROKU
| Q1 26 | — | — | ||
| Q4 25 | 0.5% | 0.1% | ||
| Q3 25 | 0.9% | 0.1% | ||
| Q2 25 | 0.8% | 0.1% | ||
| Q1 25 | 0.8% | 0.2% | ||
| Q4 24 | 0.6% | 0.2% | ||
| Q3 24 | 0.8% | 0.1% | ||
| Q2 24 | 1.1% | 0.1% |
现金转化率BAHROKU
| Q1 26 | — | — | ||
| Q4 25 | 1.30× | 1.34× | ||
| Q3 25 | 2.41× | 5.14× | ||
| Q2 25 | 0.44× | 10.45× | ||
| Q1 25 | 1.14× | — | ||
| Q4 24 | 0.81× | — | ||
| Q3 24 | 1.50× | — | ||
| Q2 24 | 0.32× | — |
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
BAH
| Defense Clients | $1.5B | 55% |
| Civil Clients | $732.0M | 28% |
| Intelligence Clients | $434.0M | 17% |
ROKU
| Advertising | $612.7M | 49% |
| Subscriptions | $518.5M | 42% |
| Devices | $117.6M | 9% |
