vs
百通（BDC）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百通的2.0倍（$1.4B vs $720.1M），百通净利率更高（9.4% vs -22.3%，领先31.8%），罗布乐思同比增速更快（43.2% vs 8.1%），罗布乐思自由现金流更多（$308.6M vs $121.3M），过去两年罗布乐思的营收复合增速更高（32.9% vs 15.9%）
百通公司是美国上市跨国企业，专注于端到端网络、安全及连接产品的设计、生产与销售，业务覆盖工业自动化解决方案、智能建筑、宽带及5G三大核心领域，为各行业客户提供可靠的通信连接相关产品与服务。
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。
BDC vs RBLX — 直观对比
营收规模更大
RBLX
是对方的2.0倍
$720.1M
营收增速更快
RBLX
高出35.1%
8.1%
净利率更高
BDC
高出31.8%
-22.3%
自由现金流更多
RBLX
多$187.3M
$121.3M
两年增速更快
RBLX
近两年复合增速
15.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $720.1M | $1.4B |
| 净利润 | $67.9M | $-316.0M |
| 毛利率 | 36.6% | 77.7% |
| 营业利润率 | 12.2% | -25.3% |
| 净利率 | 9.4% | -22.3% |
| 营收同比 | 8.1% | 43.2% |
| 净利润同比 | 16.3% | -43.9% |
| 每股收益（稀释后） | $1.70 | $-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BDCRBLX
| Q4 25 | $720.1M | $1.4B | ||
| Q3 25 | $698.2M | $1.4B | ||
| Q2 25 | $672.0M | $1.1B | ||
| Q1 25 | $624.9M | $1.0B | ||
| Q4 24 | $666.0M | $988.2M | ||
| Q3 24 | $654.9M | $919.0M | ||
| Q2 24 | $604.3M | $893.5M | ||
| Q1 24 | $535.7M | $801.3M |
净利润BDCRBLX
| Q4 25 | $67.9M | $-316.0M | ||
| Q3 25 | $56.7M | $-255.6M | ||
| Q2 25 | $61.0M | $-278.4M | ||
| Q1 25 | $51.9M | $-215.1M | ||
| Q4 24 | $58.4M | $-219.6M | ||
| Q3 24 | $53.7M | $-239.3M | ||
| Q2 24 | $49.0M | $-205.9M | ||
| Q1 24 | $37.3M | $-270.6M |
毛利率BDCRBLX
| Q4 25 | 36.6% | 77.7% | ||
| Q3 25 | 37.7% | 78.2% | ||
| Q2 25 | 38.5% | 78.2% | ||
| Q1 25 | 39.3% | 78.3% | ||
| Q4 24 | 37.5% | 77.9% | ||
| Q3 24 | 37.3% | 77.7% | ||
| Q2 24 | 37.5% | 77.8% | ||
| Q1 24 | 37.6% | 77.7% |
营业利润率BDCRBLX
| Q4 25 | 12.2% | -25.3% | ||
| Q3 25 | 10.9% | -21.8% | ||
| Q2 25 | 11.8% | -29.8% | ||
| Q1 25 | 11.6% | -24.6% | ||
| Q4 24 | 10.4% | -24.7% | ||
| Q3 24 | 11.5% | -30.4% | ||
| Q2 24 | 11.4% | -26.6% | ||
| Q1 24 | 9.9% | -37.7% |
净利率BDCRBLX
| Q4 25 | 9.4% | -22.3% | ||
| Q3 25 | 8.1% | -18.8% | ||
| Q2 25 | 9.1% | -25.8% | ||
| Q1 25 | 8.3% | -20.8% | ||
| Q4 24 | 8.8% | -22.2% | ||
| Q3 24 | 8.2% | -26.0% | ||
| Q2 24 | 8.1% | -23.0% | ||
| Q1 24 | 7.0% | -33.8% |
每股收益（稀释后）BDCRBLX
| Q4 25 | $1.70 | $-0.44 | ||
| Q3 25 | $1.41 | $-0.37 | ||
| Q2 25 | $1.53 | $-0.41 | ||
| Q1 25 | $1.27 | $-0.32 | ||
| Q4 24 | $1.41 | $-0.32 | ||
| Q3 24 | $1.30 | $-0.37 | ||
| Q2 24 | $1.19 | $-0.32 | ||
| Q1 24 | $0.90 | $-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 | $389.9M | $3.1B |
| 总债务越低越好 | — | $1.2B |
| 股东权益账面价值 | $1.3B | $394.5M |
| 总资产 | $3.5B | $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BDCRBLX
| Q4 25 | $389.9M | $3.1B | ||
| Q3 25 | $314.3M | $2.9B | ||
| Q2 25 | $301.5M | $2.6B | ||
| Q1 25 | $259.0M | $2.7B | ||
| Q4 24 | $370.3M | $2.4B | ||
| Q3 24 | $323.0M | $2.3B | ||
| Q2 24 | $564.8M | $2.4B | ||
| Q1 24 | $506.8M | $2.4B |
总债务BDCRBLX
| Q4 25 | — | $1.2B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益BDCRBLX
| Q4 25 | $1.3B | $394.5M | ||
| Q3 25 | $1.2B | $407.6M | ||
| Q2 25 | $1.2B | $353.2M | ||
| Q1 25 | $1.2B | $310.7M | ||
| Q4 24 | $1.3B | $221.4M | ||
| Q3 24 | $1.2B | $189.9M | ||
| Q2 24 | $1.2B | $121.5M | ||
| Q1 24 | $1.2B | $71.6M |
总资产BDCRBLX
| Q4 25 | $3.5B | $9.6B | ||
| Q3 25 | $3.4B | $8.6B | ||
| Q2 25 | $3.4B | $7.8B | ||
| Q1 25 | $3.3B | $7.5B | ||
| Q4 24 | $3.3B | $7.2B | ||
| Q3 24 | $3.3B | $6.7B | ||
| Q2 24 | $3.5B | $6.5B | ||
| Q1 24 | $3.1B | $6.3B |
负债/权益比BDCRBLX
| 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 | $160.4M | $607.0M |
| 自由现金流经营现金流 - 资本支出 | $121.3M | $308.6M |
| 自由现金流率自由现金流/营收 | 16.8% | 21.8% |
| 资本支出强度资本支出/营收 | 5.4% | 21.1% |
| 现金转化率经营现金流/净利润 | 2.36× | — |
| 过去12个月自由现金流最近4个季度 | $218.7M | $1.4B |
8季度趋势，按日历期对齐
经营现金流BDCRBLX
| Q4 25 | $160.4M | $607.0M | ||
| Q3 25 | $105.0M | $546.2M | ||
| Q2 25 | $82.0M | $199.3M | ||
| Q1 25 | $7.4M | $443.9M | ||
| Q4 24 | $174.7M | $184.5M | ||
| Q3 24 | $91.7M | $247.4M | ||
| Q2 24 | $83.0M | $151.4M | ||
| Q1 24 | $2.7M | $238.9M |
自由现金流BDCRBLX
| Q4 25 | $121.3M | $308.6M | ||
| Q3 25 | $65.3M | $443.6M | ||
| Q2 25 | $56.9M | $176.7M | ||
| Q1 25 | $-24.8M | $426.5M | ||
| Q4 24 | $116.4M | $120.6M | ||
| Q3 24 | $67.2M | $218.0M | ||
| Q2 24 | $61.0M | $111.7M | ||
| Q1 24 | $-21.5M | $192.3M |
自由现金流率BDCRBLX
| Q4 25 | 16.8% | 21.8% | ||
| Q3 25 | 9.4% | 32.6% | ||
| Q2 25 | 8.5% | 16.3% | ||
| Q1 25 | -4.0% | 41.2% | ||
| Q4 24 | 17.5% | 12.2% | ||
| Q3 24 | 10.3% | 23.7% | ||
| Q2 24 | 10.1% | 12.5% | ||
| Q1 24 | -4.0% | 24.0% |
资本支出强度BDCRBLX
| Q4 25 | 5.4% | 21.1% | ||
| Q3 25 | 5.7% | 7.5% | ||
| Q2 25 | 3.7% | 2.1% | ||
| Q1 25 | 5.2% | 1.7% | ||
| Q4 24 | 8.8% | 6.5% | ||
| Q3 24 | 3.7% | 3.2% | ||
| Q2 24 | 3.6% | 4.4% | ||
| Q1 24 | 4.5% | 5.8% |
现金转化率BDCRBLX
| Q4 25 | 2.36× | — | ||
| Q3 25 | 1.85× | — | ||
| Q2 25 | 1.34× | — | ||
| Q1 25 | 0.14× | — | ||
| Q4 24 | 2.99× | — | ||
| Q3 24 | 1.71× | — | ||
| Q2 24 | 1.69× | — | ||
| Q1 24 | 0.07× | — |
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
BDC
| Automation Solutions Segment | $397.7M | 55% |
| Broadband Solutions | $164.8M | 23% |
| Smart Buildings Solutions | $157.7M | 22% |
RBLX
暂无分部数据
