vs
百富门（BF.B）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富门的1.4倍（$1.4B vs $1.0B），百富门净利率更高（21.6% vs -22.3%，领先44.0%），罗布乐思同比增速更快（43.2% vs -5.4%），罗布乐思自由现金流更多（$308.6M vs $107.0M），过去两年罗布乐思的营收复合增速更高（32.9% vs -1.6%）
百富门（Brown-Forman）是美国家族控股上市企业，属全球规模最大的葡萄酒及烈酒经营集团之一，总部位于肯塔基州路易斯维尔。旗下拥有杰克丹尼、伍德福德珍藏、格兰多纳等多个国际知名酒类品牌，曾持有的南方安逸等品牌已于2016年出售。
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。
BF.B vs RBLX — 直观对比
营收规模更大
RBLX
是对方的1.4倍
$1.0B
营收增速更快
RBLX
高出48.6%
-5.4%
净利率更高
BF.B
高出44.0%
-22.3%
自由现金流更多
RBLX
多$201.6M
$107.0M
两年增速更快
RBLX
近两年复合增速
-1.6%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.0B | $1.4B |
| 净利润 | $224.0M | $-316.0M |
| 毛利率 | 59.4% | 77.7% |
| 营业利润率 | 29.4% | -25.3% |
| 净利率 | 21.6% | -22.3% |
| 营收同比 | -5.4% | 43.2% |
| 净利润同比 | -13.2% | -43.9% |
| 每股收益（稀释后） | $0.47 | $-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BF.BRBLX
| Q4 25 | $1.0B | $1.4B | ||
| Q3 25 | $924.0M | $1.4B | ||
| Q2 25 | $894.0M | $1.1B | ||
| Q1 25 | $1.0B | $1.0B | ||
| Q4 24 | $1.1B | $988.2M | ||
| Q3 24 | $951.0M | $919.0M | ||
| Q2 24 | $964.0M | $893.5M | ||
| Q1 24 | $1.1B | $801.3M |
净利润BF.BRBLX
| Q4 25 | $224.0M | $-316.0M | ||
| Q3 25 | $170.0M | $-255.6M | ||
| Q2 25 | $146.0M | $-278.4M | ||
| Q1 25 | $270.0M | $-215.1M | ||
| Q4 24 | $258.0M | $-219.6M | ||
| Q3 24 | $195.0M | $-239.3M | ||
| Q2 24 | $266.0M | $-205.9M | ||
| Q1 24 | $285.0M | $-270.6M |
毛利率BF.BRBLX
| Q4 25 | 59.4% | 77.7% | ||
| Q3 25 | 59.7% | 78.2% | ||
| Q2 25 | 57.4% | 78.2% | ||
| Q1 25 | 59.8% | 78.3% | ||
| Q4 24 | 59.0% | 77.9% | ||
| Q3 24 | 59.4% | 77.7% | ||
| Q2 24 | 59.0% | 77.8% | ||
| Q1 24 | 59.4% | 77.7% |
营业利润率BF.BRBLX
| Q4 25 | 29.4% | -25.3% | ||
| Q3 25 | 28.1% | -21.8% | ||
| Q2 25 | 22.9% | -29.8% | ||
| Q1 25 | 27.1% | -24.6% | ||
| Q4 24 | 31.1% | -24.7% | ||
| Q3 24 | 29.5% | -30.4% | ||
| Q2 24 | 38.9% | -26.6% | ||
| Q1 24 | 34.9% | -37.7% |
净利率BF.BRBLX
| Q4 25 | 21.6% | -22.3% | ||
| Q3 25 | 18.4% | -18.8% | ||
| Q2 25 | 16.3% | -25.8% | ||
| Q1 25 | 26.1% | -20.8% | ||
| Q4 24 | 23.6% | -22.2% | ||
| Q3 24 | 20.5% | -26.0% | ||
| Q2 24 | 27.6% | -23.0% | ||
| Q1 24 | 26.7% | -33.8% |
每股收益（稀释后）BF.BRBLX
| Q4 25 | $0.47 | $-0.44 | ||
| Q3 25 | $0.36 | $-0.37 | ||
| Q2 25 | $0.31 | $-0.41 | ||
| Q1 25 | $0.57 | $-0.32 | ||
| Q4 24 | $0.55 | $-0.32 | ||
| Q3 24 | $0.41 | $-0.37 | ||
| Q2 24 | $0.56 | $-0.32 | ||
| Q1 24 | $0.60 | $-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 | $319.0M | $3.1B |
| 总债务越低越好 | $2.4B | $1.2B |
| 股东权益账面价值 | $4.1B | $394.5M |
| 总资产 | $8.2B | $9.6B |
| 负债/权益比越低杠杆越低 | 0.59× | 2.98× |
8季度趋势，按日历期对齐
现金及短期投资BF.BRBLX
| Q4 25 | $319.0M | $3.1B | ||
| Q3 25 | $471.0M | $2.9B | ||
| Q2 25 | $444.0M | $2.6B | ||
| Q1 25 | $599.0M | $2.7B | ||
| Q4 24 | $416.0M | $2.4B | ||
| Q3 24 | $416.0M | $2.3B | ||
| Q2 24 | $446.0M | $2.4B | ||
| Q1 24 | $589.0M | $2.4B |
总债务BF.BRBLX
| Q4 25 | $2.4B | $1.2B | ||
| Q3 25 | $2.4B | — | ||
| Q2 25 | $2.4B | — | ||
| Q1 25 | $2.7B | — | ||
| Q4 24 | $2.7B | $1.2B | ||
| Q3 24 | $2.7B | — | ||
| Q2 24 | $2.7B | — | ||
| Q1 24 | $2.7B | — |
股东权益BF.BRBLX
| Q4 25 | $4.1B | $394.5M | ||
| Q3 25 | $4.0B | $407.6M | ||
| Q2 25 | $4.0B | $353.2M | ||
| Q1 25 | $3.8B | $310.7M | ||
| Q4 24 | $3.7B | $221.4M | ||
| Q3 24 | $3.5B | $189.9M | ||
| Q2 24 | $3.5B | $121.5M | ||
| Q1 24 | $3.2B | $71.6M |
总资产BF.BRBLX
| Q4 25 | $8.2B | $9.6B | ||
| Q3 25 | $8.2B | $8.6B | ||
| Q2 25 | $8.1B | $7.8B | ||
| Q1 25 | $8.1B | $7.5B | ||
| Q4 24 | $8.3B | $7.2B | ||
| Q3 24 | $8.2B | $6.7B | ||
| Q2 24 | $8.2B | $6.5B | ||
| Q1 24 | $8.2B | $6.3B |
负债/权益比BF.BRBLX
| Q4 25 | 0.59× | 2.98× | ||
| Q3 25 | 0.61× | — | ||
| Q2 25 | 0.61× | — | ||
| Q1 25 | 0.70× | — | ||
| Q4 24 | 0.73× | 5.48× | ||
| Q3 24 | 0.77× | — | ||
| Q2 24 | 0.76× | — | ||
| Q1 24 | 0.83× | — |
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 | $132.0M | $607.0M |
| 自由现金流经营现金流 - 资本支出 | $107.0M | $308.6M |
| 自由现金流率自由现金流/营收 | 10.3% | 21.8% |
| 资本支出强度资本支出/营收 | 2.4% | 21.1% |
| 现金转化率经营现金流/净利润 | 0.59× | — |
| 过去12个月自由现金流最近4个季度 | $610.0M | $1.4B |
8季度趋势，按日历期对齐
经营现金流BF.BRBLX
| Q4 25 | $132.0M | $607.0M | ||
| Q3 25 | $160.0M | $546.2M | ||
| Q2 25 | $152.0M | $199.3M | ||
| Q1 25 | $317.0M | $443.9M | ||
| Q4 24 | $112.0M | $184.5M | ||
| Q3 24 | $17.0M | $247.4M | ||
| Q2 24 | $285.0M | $151.4M | ||
| Q1 24 | $265.0M | $238.9M |
自由现金流BF.BRBLX
| Q4 25 | $107.0M | $308.6M | ||
| Q3 25 | $129.0M | $443.6M | ||
| Q2 25 | $102.0M | $176.7M | ||
| Q1 25 | $272.0M | $426.5M | ||
| Q4 24 | $81.0M | $120.6M | ||
| Q3 24 | $-24.0M | $218.0M | ||
| Q2 24 | $205.0M | $111.7M | ||
| Q1 24 | $196.0M | $192.3M |
自由现金流率BF.BRBLX
| Q4 25 | 10.3% | 21.8% | ||
| Q3 25 | 14.0% | 32.6% | ||
| Q2 25 | 11.4% | 16.3% | ||
| Q1 25 | 26.3% | 41.2% | ||
| Q4 24 | 7.4% | 12.2% | ||
| Q3 24 | -2.5% | 23.7% | ||
| Q2 24 | 21.3% | 12.5% | ||
| Q1 24 | 18.3% | 24.0% |
资本支出强度BF.BRBLX
| Q4 25 | 2.4% | 21.1% | ||
| Q3 25 | 3.4% | 7.5% | ||
| Q2 25 | 5.6% | 2.1% | ||
| Q1 25 | 4.3% | 1.7% | ||
| Q4 24 | 2.8% | 6.5% | ||
| Q3 24 | 4.3% | 3.2% | ||
| Q2 24 | 8.3% | 4.4% | ||
| Q1 24 | 6.5% | 5.8% |
现金转化率BF.BRBLX
| Q4 25 | 0.59× | — | ||
| Q3 25 | 0.94× | — | ||
| Q2 25 | 1.04× | — | ||
| Q1 25 | 1.17× | — | ||
| Q4 24 | 0.43× | — | ||
| Q3 24 | 0.09× | — | ||
| Q2 24 | 1.07× | — | ||
| Q1 24 | 0.93× | — |
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
BF.B
| Whiskey | $771.0M | 74% |
| Ready To Drink | $138.0M | 13% |
| Tequila | $67.0M | 6% |
| Restofportfolio | $52.0M | 5% |
| Nonbrandedandbulk | $8.0M | 1% |
RBLX
暂无分部数据
