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百富门（BF.B）与ROKU, INC（ROKU）财务数据对比。点击上方公司名可切换其他公司
ROKU, INC的季度营收约是百富门的1.2倍（$1.2B vs $1.0B），百富门净利率更高（21.6% vs -2.2%，领先23.8%），百富门同比增速更快（-5.4% vs -18.3%），ROKU, INC自由现金流更多（$298.4M vs $107.0M），过去两年ROKU, INC的营收复合增速更高（13.6% 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。
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。
BF.B vs ROKU — 直观对比
营收规模更大
ROKU
是对方的1.2倍
$1.0B
营收增速更快
BF.B
高出12.9%
-18.3%
净利率更高
BF.B
高出23.8%
-2.2%
自由现金流更多
ROKU
多$191.4M
$107.0M
两年增速更快
ROKU
近两年复合增速
-1.6%
损益表 — Q2 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.0B | $1.2B |
| 净利润 | $224.0M | $-27.4M |
| 毛利率 | 59.4% | 35.6% |
| 营业利润率 | 29.4% | 59.7% |
| 净利率 | 21.6% | -2.2% |
| 营收同比 | -5.4% | -18.3% |
| 净利润同比 | -13.2% | -361.0% |
| 每股收益（稀释后） | $0.47 | $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BF.BROKU
| Q1 26 | — | $1.2B | ||
| Q4 25 | $1.0B | $1.4B | ||
| Q3 25 | $924.0M | $1.2B | ||
| Q2 25 | $894.0M | $1.1B | ||
| Q1 25 | $1.0B | $1.0B | ||
| Q4 24 | $1.1B | $1.2B | ||
| Q3 24 | $951.0M | $1.1B | ||
| Q2 24 | $964.0M | $968.2M |
净利润BF.BROKU
| Q1 26 | — | $-27.4M | ||
| Q4 25 | $224.0M | $80.5M | ||
| Q3 25 | $170.0M | $24.8M | ||
| Q2 25 | $146.0M | $10.5M | ||
| Q1 25 | $270.0M | $-27.4M | ||
| Q4 24 | $258.0M | $-35.5M | ||
| Q3 24 | $195.0M | $-9.0M | ||
| Q2 24 | $266.0M | $-34.0M |
毛利率BF.BROKU
| Q1 26 | — | 35.6% | ||
| Q4 25 | 59.4% | 43.5% | ||
| Q3 25 | 59.7% | 43.4% | ||
| Q2 25 | 57.4% | 44.8% | ||
| Q1 25 | 59.8% | 43.6% | ||
| Q4 24 | 59.0% | 42.7% | ||
| Q3 24 | 59.4% | 45.2% | ||
| Q2 24 | 59.0% | 43.9% |
营业利润率BF.BROKU
| Q1 26 | — | 59.7% | ||
| Q4 25 | 29.4% | 4.7% | ||
| Q3 25 | 28.1% | 0.8% | ||
| Q2 25 | 22.9% | -2.1% | ||
| Q1 25 | 27.1% | -5.7% | ||
| Q4 24 | 31.1% | -3.3% | ||
| Q3 24 | 29.5% | -3.4% | ||
| Q2 24 | 38.9% | -7.4% |
净利率BF.BROKU
| Q1 26 | — | -2.2% | ||
| Q4 25 | 21.6% | 5.8% | ||
| Q3 25 | 18.4% | 2.0% | ||
| Q2 25 | 16.3% | 0.9% | ||
| Q1 25 | 26.1% | -2.7% | ||
| Q4 24 | 23.6% | -3.0% | ||
| Q3 24 | 20.5% | -0.9% | ||
| Q2 24 | 27.6% | -3.5% |
每股收益（稀释后）BF.BROKU
| Q1 26 | — | $0.57 | ||
| Q4 25 | $0.47 | $0.55 | ||
| Q3 25 | $0.36 | $0.16 | ||
| Q2 25 | $0.31 | $0.07 | ||
| Q1 25 | $0.57 | $-0.19 | ||
| Q4 24 | $0.55 | $-0.24 | ||
| Q3 24 | $0.41 | $-0.06 | ||
| Q2 24 | $0.56 | $-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 | $319.0M | $2.4B |
| 总债务越低越好 | $2.4B | — |
| 股东权益账面价值 | $4.1B | $2.7B |
| 总资产 | $8.2B | $4.4B |
| 负债/权益比越低杠杆越低 | 0.59× | — |
8季度趋势，按日历期对齐
现金及短期投资BF.BROKU
| Q1 26 | — | $2.4B | ||
| Q4 25 | $319.0M | $2.3B | ||
| Q3 25 | $471.0M | $2.3B | ||
| Q2 25 | $444.0M | $2.3B | ||
| Q1 25 | $599.0M | $2.3B | ||
| Q4 24 | $416.0M | $2.2B | ||
| Q3 24 | $416.0M | $2.1B | ||
| Q2 24 | $446.0M | $2.1B |
总债务BF.BROKU
| Q1 26 | — | — | ||
| Q4 25 | $2.4B | — | ||
| Q3 25 | $2.4B | — | ||
| Q2 25 | $2.4B | — | ||
| Q1 25 | $2.7B | — | ||
| Q4 24 | $2.7B | — | ||
| Q3 24 | $2.7B | — | ||
| Q2 24 | $2.7B | — |
股东权益BF.BROKU
| Q1 26 | — | $2.7B | ||
| Q4 25 | $4.1B | $2.7B | ||
| Q3 25 | $4.0B | $2.6B | ||
| Q2 25 | $4.0B | $2.6B | ||
| Q1 25 | $3.8B | $2.5B | ||
| Q4 24 | $3.7B | $2.5B | ||
| Q3 24 | $3.5B | $2.5B | ||
| Q2 24 | $3.5B | $2.4B |
总资产BF.BROKU
| Q1 26 | — | $4.4B | ||
| Q4 25 | $8.2B | $4.4B | ||
| Q3 25 | $8.2B | $4.4B | ||
| Q2 25 | $8.1B | $4.3B | ||
| Q1 25 | $8.1B | $4.2B | ||
| Q4 24 | $8.3B | $4.3B | ||
| Q3 24 | $8.2B | $4.3B | ||
| Q2 24 | $8.2B | $4.1B |
负债/权益比BF.BROKU
| Q1 26 | — | — | ||
| Q4 25 | 0.59× | — | ||
| Q3 25 | 0.61× | — | ||
| Q2 25 | 0.61× | — | ||
| Q1 25 | 0.70× | — | ||
| Q4 24 | 0.73× | — | ||
| Q3 24 | 0.77× | — | ||
| Q2 24 | 0.76× | — |
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 | $199.1M |
| 自由现金流经营现金流 - 资本支出 | $107.0M | $298.4M |
| 自由现金流率自由现金流/营收 | 10.3% | 23.9% |
| 资本支出强度资本支出/营收 | 2.4% | — |
| 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 | $640.0M |
8季度趋势，按日历期对齐
经营现金流BF.BROKU
| Q1 26 | — | $199.1M | ||
| Q4 25 | $132.0M | $107.7M | ||
| Q3 25 | $160.0M | $127.6M | ||
| Q2 25 | $152.0M | $109.7M | ||
| Q1 25 | $317.0M | $138.7M | ||
| Q4 24 | $112.0M | $79.3M | ||
| Q3 24 | $17.0M | $68.7M | ||
| Q2 24 | $285.0M | $23.4M |
自由现金流BF.BROKU
| Q1 26 | — | $298.4M | ||
| Q4 25 | $107.0M | $106.6M | ||
| Q3 25 | $129.0M | $126.5M | ||
| Q2 25 | $102.0M | $108.6M | ||
| Q1 25 | $272.0M | $136.8M | ||
| Q4 24 | $81.0M | $76.8M | ||
| Q3 24 | $-24.0M | $67.6M | ||
| Q2 24 | $205.0M | $22.5M |
自由现金流率BF.BROKU
| Q1 26 | — | 23.9% | ||
| Q4 25 | 10.3% | 7.6% | ||
| Q3 25 | 14.0% | 10.4% | ||
| Q2 25 | 11.4% | 9.8% | ||
| Q1 25 | 26.3% | 13.4% | ||
| Q4 24 | 7.4% | 6.4% | ||
| Q3 24 | -2.5% | 6.4% | ||
| Q2 24 | 21.3% | 2.3% |
资本支出强度BF.BROKU
| Q1 26 | — | — | ||
| Q4 25 | 2.4% | 0.1% | ||
| Q3 25 | 3.4% | 0.1% | ||
| Q2 25 | 5.6% | 0.1% | ||
| Q1 25 | 4.3% | 0.2% | ||
| Q4 24 | 2.8% | 0.2% | ||
| Q3 24 | 4.3% | 0.1% | ||
| Q2 24 | 8.3% | 0.1% |
现金转化率BF.BROKU
| Q1 26 | — | — | ||
| Q4 25 | 0.59× | 1.34× | ||
| Q3 25 | 0.94× | 5.14× | ||
| Q2 25 | 1.04× | 10.45× | ||
| Q1 25 | 1.17× | — | ||
| Q4 24 | 0.43× | — | ||
| Q3 24 | 0.09× | — | ||
| Q2 24 | 1.07× | — |
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
BF.B
| Whiskey | $771.0M | 74% |
| Ready To Drink | $138.0M | 13% |
| Tequila | $67.0M | 6% |
| Restofportfolio | $52.0M | 5% |
| Nonbrandedandbulk | $8.0M | 1% |
ROKU
| Advertising | $612.7M | 49% |
| Subscriptions | $518.5M | 42% |
| Devices | $117.6M | 9% |
