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布鲁克菲尔德资产管理（BAM）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布鲁克菲尔德资产管理的1.3倍（$1.4B vs $1.1B），布鲁克菲尔德资产管理净利率更高（56.7% vs -22.3%，领先79.0%）
布鲁克菲尔德资产管理有限公司是加美两地的另类资产管理机构，2022年12月从布鲁克菲尔德集团的资管业务分拆成立，在全球范围内管理不动产、基础设施、可再生能源、私募股权及信贷市场等领域的投资。
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。
BAM vs RBLX — 直观对比
营收规模更大
RBLX
是对方的1.3倍
$1.1B
净利率更高
BAM
高出79.0%
-22.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $1.4B |
| 净利润 | $615.0M | $-316.0M |
| 毛利率 | — | 77.7% |
| 营业利润率 | 84.2% | -25.3% |
| 净利率 | 56.7% | -22.3% |
| 营收同比 | — | 43.2% |
| 净利润同比 | — | -43.9% |
| 每股收益（稀释后） | — | $-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BAMRBLX
| Q4 25 | $1.1B | $1.4B | ||
| Q3 25 | $974.0M | $1.4B | ||
| Q2 25 | $931.0M | $1.1B | ||
| Q1 25 | $954.0M | $1.0B | ||
| Q4 24 | — | $988.2M | ||
| Q3 24 | $873.0M | $919.0M | ||
| Q2 24 | $821.0M | $893.5M | ||
| Q1 24 | $786.0M | $801.3M |
净利润BAMRBLX
| Q4 25 | $615.0M | $-316.0M | ||
| Q3 25 | $692.0M | $-255.6M | ||
| Q2 25 | $584.0M | $-278.4M | ||
| Q1 25 | $507.0M | $-215.1M | ||
| Q4 24 | — | $-219.6M | ||
| Q3 24 | $537.0M | $-239.3M | ||
| Q2 24 | $124.0M | $-205.9M | ||
| Q1 24 | $373.0M | $-270.6M |
毛利率BAMRBLX
| Q4 25 | — | 77.7% | ||
| Q3 25 | — | 78.2% | ||
| Q2 25 | — | 78.2% | ||
| Q1 25 | — | 78.3% | ||
| Q4 24 | — | 77.9% | ||
| Q3 24 | — | 77.7% | ||
| Q2 24 | — | 77.8% | ||
| Q1 24 | — | 77.7% |
营业利润率BAMRBLX
| Q4 25 | 84.2% | -25.3% | ||
| Q3 25 | 79.1% | -21.8% | ||
| Q2 25 | 70.8% | -29.8% | ||
| Q1 25 | 61.0% | -24.6% | ||
| Q4 24 | — | -24.7% | ||
| Q3 24 | 72.5% | -30.4% | ||
| Q2 24 | 80.4% | -26.6% | ||
| Q1 24 | 56.5% | -37.7% |
净利率BAMRBLX
| Q4 25 | 56.7% | -22.3% | ||
| Q3 25 | 71.0% | -18.8% | ||
| Q2 25 | 62.7% | -25.8% | ||
| Q1 25 | 53.1% | -20.8% | ||
| Q4 24 | — | -22.2% | ||
| Q3 24 | 61.5% | -26.0% | ||
| Q2 24 | 15.1% | -23.0% | ||
| Q1 24 | 47.5% | -33.8% |
每股收益（稀释后）BAMRBLX
| Q4 25 | — | $-0.44 | ||
| Q3 25 | — | $-0.37 | ||
| Q2 25 | — | $-0.41 | ||
| Q1 25 | — | $-0.32 | ||
| Q4 24 | — | $-0.32 | ||
| Q3 24 | — | $-0.37 | ||
| Q2 24 | — | $-0.32 | ||
| Q1 24 | — | $-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 | $1.6B | $3.1B |
| 总债务越低越好 | — | $1.2B |
| 股东权益账面价值 | $8.9B | $394.5M |
| 总资产 | $17.0B | $9.6B |
| 负债/权益比越低杠杆越低 | — | 2.98× |
8季度趋势，按日历期对齐
现金及短期投资BAMRBLX
| Q4 25 | $1.6B | $3.1B | ||
| Q3 25 | $1.1B | $2.9B | ||
| Q2 25 | $480.0M | $2.6B | ||
| Q1 25 | $332.0M | $2.7B | ||
| Q4 24 | — | $2.4B | ||
| Q3 24 | — | $2.3B | ||
| Q2 24 | $10.0M | $2.4B | ||
| Q1 24 | — | $2.4B |
总债务BAMRBLX
| Q4 25 | — | $1.2B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益BAMRBLX
| Q4 25 | $8.9B | $394.5M | ||
| Q3 25 | $8.5B | $407.6M | ||
| Q2 25 | $8.5B | $353.2M | ||
| Q1 25 | $8.5B | $310.7M | ||
| Q4 24 | — | $221.4M | ||
| Q3 24 | $9.0B | $189.9M | ||
| Q2 24 | $3.2B | $121.5M | ||
| Q1 24 | $2.2B | $71.6M |
总资产BAMRBLX
| Q4 25 | $17.0B | $9.6B | ||
| Q3 25 | $16.5B | $8.6B | ||
| Q2 25 | $16.1B | $7.8B | ||
| Q1 25 | $15.0B | $7.5B | ||
| Q4 24 | — | $7.2B | ||
| Q3 24 | — | $6.7B | ||
| Q2 24 | $4.2B | $6.5B | ||
| Q1 24 | — | $6.3B |
负债/权益比BAMRBLX
| Q4 25 | — | 2.98× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 5.48× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $562.0M | $607.0M |
| 自由现金流经营现金流 - 资本支出 | — | $308.6M |
| 自由现金流率自由现金流/营收 | — | 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 | 0.91× | — |
| 过去12个月自由现金流最近4个季度 | — | $1.4B |
8季度趋势，按日历期对齐
经营现金流BAMRBLX
| Q4 25 | $562.0M | $607.0M | ||
| Q3 25 | $745.0M | $546.2M | ||
| Q2 25 | $529.0M | $199.3M | ||
| Q1 25 | $265.0M | $443.9M | ||
| Q4 24 | — | $184.5M | ||
| Q3 24 | $567.0M | $247.4M | ||
| Q2 24 | $159.0M | $151.4M | ||
| Q1 24 | $516.0M | $238.9M |
自由现金流BAMRBLX
| Q4 25 | — | $308.6M | ||
| Q3 25 | — | $443.6M | ||
| Q2 25 | — | $176.7M | ||
| Q1 25 | — | $426.5M | ||
| Q4 24 | — | $120.6M | ||
| Q3 24 | — | $218.0M | ||
| Q2 24 | — | $111.7M | ||
| Q1 24 | — | $192.3M |
自由现金流率BAMRBLX
| Q4 25 | — | 21.8% | ||
| Q3 25 | — | 32.6% | ||
| Q2 25 | — | 16.3% | ||
| Q1 25 | — | 41.2% | ||
| Q4 24 | — | 12.2% | ||
| Q3 24 | — | 23.7% | ||
| Q2 24 | — | 12.5% | ||
| Q1 24 | — | 24.0% |
资本支出强度BAMRBLX
| Q4 25 | — | 21.1% | ||
| Q3 25 | — | 7.5% | ||
| Q2 25 | — | 2.1% | ||
| Q1 25 | — | 1.7% | ||
| Q4 24 | — | 6.5% | ||
| Q3 24 | — | 3.2% | ||
| Q2 24 | — | 4.4% | ||
| Q1 24 | — | 5.8% |
现金转化率BAMRBLX
| Q4 25 | 0.91× | — | ||
| Q3 25 | 1.08× | — | ||
| Q2 25 | 0.91× | — | ||
| Q1 25 | 0.52× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.06× | — | ||
| Q2 24 | 1.28× | — | ||
| Q1 24 | 1.38× | — |
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
BAM
| Incentive Fees | $452.0M | 42% |
| Infrastruture | $332.0M | 31% |
| Private Equity | $174.0M | 16% |
| Renewable Power And Transition | $66.0M | 6% |
| Other | $47.0M | 4% |
| Management And Advisory Fees | $14.0M | 1% |
RBLX
暂无分部数据
