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富兰克林邓普顿（BEN）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
富兰克林邓普顿的季度营收约是罗布乐思的1.6倍（$2.3B vs $1.4B），富兰克林邓普顿净利率更高（11.0% vs -22.3%，领先33.3%），罗布乐思同比增速更快（43.2% vs 3.4%），过去两年罗布乐思的营收复合增速更高（32.9% vs 4.0%）
富兰克林资源（运营品牌为富兰克林邓普顿）是美国跨国投资管理控股集团，1947年创立于纽约，纽交所上市代码为BEN，命名源自创始人敬仰的本杰明·富兰克林，是全球知名的综合投资服务机构。
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。
BEN vs RBLX — 直观对比
营收规模更大
BEN
是对方的1.6倍
$1.4B
营收增速更快
RBLX
高出39.8%
3.4%
净利率更高
BEN
高出33.3%
-22.3%
两年增速更快
RBLX
近两年复合增速
4.0%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.3B | $1.4B |
| 净利润 | $255.5M | $-316.0M |
| 毛利率 | — | 77.7% |
| 营业利润率 | 12.1% | -25.3% |
| 净利率 | 11.0% | -22.3% |
| 营收同比 | 3.4% | 43.2% |
| 净利润同比 | 56.2% | -43.9% |
| 每股收益（稀释后） | $0.46 | $-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BENRBLX
| Q4 25 | $2.3B | $1.4B | ||
| Q3 25 | $2.3B | $1.4B | ||
| Q2 25 | $2.1B | $1.1B | ||
| Q1 25 | $2.1B | $1.0B | ||
| Q4 24 | $2.3B | $988.2M | ||
| Q3 24 | $2.2B | $919.0M | ||
| Q2 24 | $2.1B | $893.5M | ||
| Q1 24 | $2.2B | $801.3M |
净利润BENRBLX
| Q4 25 | $255.5M | $-316.0M | ||
| Q3 25 | $117.6M | $-255.6M | ||
| Q2 25 | $92.3M | $-278.4M | ||
| Q1 25 | $151.4M | $-215.1M | ||
| Q4 24 | $163.6M | $-219.6M | ||
| Q3 24 | $-84.7M | $-239.3M | ||
| Q2 24 | $174.0M | $-205.9M | ||
| Q1 24 | $124.2M | $-270.6M |
毛利率BENRBLX
| 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BENRBLX
| Q4 25 | 12.1% | -25.3% | ||
| Q3 25 | 3.6% | -21.8% | ||
| Q2 25 | 7.5% | -29.8% | ||
| Q1 25 | 6.9% | -24.6% | ||
| Q4 24 | 9.7% | -24.7% | ||
| Q3 24 | -6.8% | -30.4% | ||
| Q2 24 | 10.5% | -26.6% | ||
| Q1 24 | 6.0% | -37.7% |
净利率BENRBLX
| Q4 25 | 11.0% | -22.3% | ||
| Q3 25 | 5.0% | -18.8% | ||
| Q2 25 | 4.5% | -25.8% | ||
| Q1 25 | 7.2% | -20.8% | ||
| Q4 24 | 7.3% | -22.2% | ||
| Q3 24 | -3.8% | -26.0% | ||
| Q2 24 | 8.2% | -23.0% | ||
| Q1 24 | 5.8% | -33.8% |
每股收益（稀释后）BENRBLX
| Q4 25 | $0.46 | $-0.44 | ||
| Q3 25 | $0.21 | $-0.37 | ||
| Q2 25 | $0.15 | $-0.41 | ||
| Q1 25 | $0.26 | $-0.32 | ||
| Q4 24 | $0.29 | $-0.32 | ||
| Q3 24 | $-0.20 | $-0.37 | ||
| Q2 24 | $0.32 | $-0.32 | ||
| Q1 24 | $0.23 | $-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 | — | $3.1B |
| 总债务越低越好 | $2.4B | $1.2B |
| 股东权益账面价值 | $12.1B | $394.5M |
| 总资产 | $32.5B | $9.6B |
| 负债/权益比越低杠杆越低 | 0.19× | 2.98× |
8季度趋势，按日历期对齐
现金及短期投资BENRBLX
| Q4 25 | — | $3.1B | ||
| Q3 25 | — | $2.9B | ||
| Q2 25 | — | $2.6B | ||
| Q1 25 | — | $2.7B | ||
| Q4 24 | — | $2.4B | ||
| Q3 24 | — | $2.3B | ||
| Q2 24 | — | $2.4B | ||
| Q1 24 | — | $2.4B |
总债务BENRBLX
| Q4 25 | $2.4B | $1.2B | ||
| Q3 25 | $2.4B | — | ||
| Q2 25 | $2.7B | — | ||
| Q1 25 | $2.7B | — | ||
| Q4 24 | $2.8B | $1.2B | ||
| Q3 24 | $2.8B | — | ||
| Q2 24 | $3.0B | — | ||
| Q1 24 | $3.0B | — |
股东权益BENRBLX
| Q4 25 | $12.1B | $394.5M | ||
| Q3 25 | $12.1B | $407.6M | ||
| Q2 25 | $12.2B | $353.2M | ||
| Q1 25 | $12.3B | $310.7M | ||
| Q4 24 | $12.5B | $221.4M | ||
| Q3 24 | $12.5B | $189.9M | ||
| Q2 24 | $12.9B | $121.5M | ||
| Q1 24 | $12.9B | $71.6M |
总资产BENRBLX
| Q4 25 | $32.5B | $9.6B | ||
| Q3 25 | $32.4B | $8.6B | ||
| Q2 25 | $32.6B | $7.8B | ||
| Q1 25 | $32.0B | $7.5B | ||
| Q4 24 | $32.4B | $7.2B | ||
| Q3 24 | $32.5B | $6.7B | ||
| Q2 24 | $33.3B | $6.5B | ||
| Q1 24 | $32.9B | $6.3B |
负债/权益比BENRBLX
| Q4 25 | 0.19× | 2.98× | ||
| Q3 25 | 0.20× | — | ||
| Q2 25 | 0.22× | — | ||
| Q1 25 | 0.22× | — | ||
| Q4 24 | 0.22× | 5.48× | ||
| Q3 24 | 0.22× | — | ||
| Q2 24 | 0.24× | — | ||
| Q1 24 | 0.24× | — |
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 | $-255.1M | $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 | -1.00× | — |
| 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BENRBLX
| Q4 25 | $-255.1M | $607.0M | ||
| Q3 25 | $-20.7M | $546.2M | ||
| Q2 25 | $1.3B | $199.3M | ||
| Q1 25 | $-50.1M | $443.9M | ||
| Q4 24 | $-145.2M | $184.5M | ||
| Q3 24 | $558.2M | $247.4M | ||
| Q2 24 | $528.4M | $151.4M | ||
| Q1 24 | $136.6M | $238.9M |
自由现金流BENRBLX
| Q4 25 | — | $308.6M | ||
| Q3 25 | $-51.9M | $443.6M | ||
| Q2 25 | $1.3B | $176.7M | ||
| Q1 25 | $-87.6M | $426.5M | ||
| Q4 24 | $-217.0M | $120.6M | ||
| Q3 24 | $488.4M | $218.0M | ||
| Q2 24 | $482.3M | $111.7M | ||
| Q1 24 | $94.9M | $192.3M |
自由现金流率BENRBLX
| Q4 25 | — | 21.8% | ||
| Q3 25 | -2.2% | 32.6% | ||
| Q2 25 | 61.4% | 16.3% | ||
| Q1 25 | -4.1% | 41.2% | ||
| Q4 24 | -9.6% | 12.2% | ||
| Q3 24 | 22.1% | 23.7% | ||
| Q2 24 | 22.7% | 12.5% | ||
| Q1 24 | 4.4% | 24.0% |
资本支出强度BENRBLX
| Q4 25 | — | 21.1% | ||
| Q3 25 | 1.3% | 7.5% | ||
| Q2 25 | 0.7% | 2.1% | ||
| Q1 25 | 1.8% | 1.7% | ||
| Q4 24 | 3.2% | 6.5% | ||
| Q3 24 | 3.2% | 3.2% | ||
| Q2 24 | 2.2% | 4.4% | ||
| Q1 24 | 1.9% | 5.8% |
现金转化率BENRBLX
| Q4 25 | -1.00× | — | ||
| Q3 25 | -0.18× | — | ||
| Q2 25 | 13.89× | — | ||
| Q1 25 | -0.33× | — | ||
| Q4 24 | -0.89× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 3.04× | — | ||
| Q1 24 | 1.10× | — |
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
BEN
| Investment Advisory Management And Administrative Service | $1.8B | 79% |
| Sales And Distribution Fees | $388.7M | 17% |
| Shareholder Service | $70.9M | 3% |
| Service Other | $19.6M | 1% |
RBLX
暂无分部数据
