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BGC Group, Inc.（BGC）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BGC Group, Inc.的2.0倍（$1.2B vs $638.6M），BGC Group, Inc.净利率更高（2.3% vs -2.2%，领先4.4%），BGC Group, Inc.同比增速更快（34.4% vs -18.3%），ROKU, INC自由现金流更多（$298.4M vs $175.1M），过去两年BGC Group, Inc.的营收复合增速更高（18.7% vs 13.6%）
BGC集团是一家总部位于纽约和伦敦的美国全球性金融服务企业，最初隶属于康托·菲茨杰拉德集团，2004年正式独立运营，业务范围覆盖全球金融市场相关服务领域。
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。
BGC vs ROKU — 直观对比
营收规模更大
ROKU
是对方的2.0倍
$638.6M
营收增速更快
BGC
高出52.7%
-18.3%
净利率更高
BGC
高出4.4%
-2.2%
自由现金流更多
ROKU
多$123.3M
$175.1M
两年增速更快
BGC
近两年复合增速
13.6%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $638.6M | $1.2B |
| 净利润 | $14.4M | $-27.4M |
| 毛利率 | — | 35.6% |
| 营业利润率 | 3.9% | 59.7% |
| 净利率 | 2.3% | -2.2% |
| 营收同比 | 34.4% | -18.3% |
| 净利润同比 | -43.0% | -361.0% |
| 每股收益（稀释后） | $0.03 | $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BGCROKU
| Q1 26 | — | $1.2B | ||
| Q4 25 | $638.6M | $1.4B | ||
| Q3 25 | $620.8M | $1.2B | ||
| Q2 25 | $648.0M | $1.1B | ||
| Q1 25 | $534.6M | $1.0B | ||
| Q4 24 | $475.2M | $1.2B | ||
| Q3 24 | $448.9M | $1.1B | ||
| Q2 24 | $435.0M | $968.2M |
净利润BGCROKU
| Q1 26 | — | $-27.4M | ||
| Q4 25 | $14.4M | $80.5M | ||
| Q3 25 | $27.9M | $24.8M | ||
| Q2 25 | $57.5M | $10.5M | ||
| Q1 25 | $55.2M | $-27.4M | ||
| Q4 24 | $25.2M | $-35.5M | ||
| Q3 24 | $14.7M | $-9.0M | ||
| Q2 24 | $37.8M | $-34.0M |
毛利率BGCROKU
| Q1 26 | — | 35.6% | ||
| Q4 25 | — | 43.5% | ||
| Q3 25 | — | 43.4% | ||
| Q2 25 | — | 44.8% | ||
| Q1 25 | — | 43.6% | ||
| Q4 24 | — | 42.7% | ||
| Q3 24 | — | 45.2% | ||
| Q2 24 | — | 43.9% |
营业利润率BGCROKU
| Q1 26 | — | 59.7% | ||
| Q4 25 | 3.9% | 4.7% | ||
| Q3 25 | 5.4% | 0.8% | ||
| Q2 25 | 11.6% | -2.1% | ||
| Q1 25 | 15.0% | -5.7% | ||
| Q4 24 | 5.7% | -3.3% | ||
| Q3 24 | 4.4% | -3.4% | ||
| Q2 24 | 12.7% | -7.4% |
净利率BGCROKU
| Q1 26 | — | -2.2% | ||
| Q4 25 | 2.3% | 5.8% | ||
| Q3 25 | 4.5% | 2.0% | ||
| Q2 25 | 8.9% | 0.9% | ||
| Q1 25 | 10.3% | -2.7% | ||
| Q4 24 | 5.3% | -3.0% | ||
| Q3 24 | 3.3% | -0.9% | ||
| Q2 24 | 8.7% | -3.5% |
每股收益（稀释后）BGCROKU
| Q1 26 | — | $0.57 | ||
| Q4 25 | $0.03 | $0.55 | ||
| Q3 25 | $0.06 | $0.16 | ||
| Q2 25 | $0.11 | $0.07 | ||
| Q1 25 | $0.11 | $-0.19 | ||
| Q4 24 | $0.04 | $-0.24 | ||
| Q3 24 | $0.03 | $-0.06 | ||
| Q2 24 | $0.08 | $-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 | $851.5M | $2.4B |
| 总债务越低越好 | $1.5B | — |
| 股东权益账面价值 | $972.5M | $2.7B |
| 总资产 | $4.4B | $4.4B |
| 负债/权益比越低杠杆越低 | 1.58× | — |
8季度趋势，按日历期对齐
现金及短期投资BGCROKU
| Q1 26 | — | $2.4B | ||
| Q4 25 | $851.5M | $2.3B | ||
| Q3 25 | $774.9M | $2.3B | ||
| Q2 25 | $827.8M | $2.3B | ||
| Q1 25 | $966.4M | $2.3B | ||
| Q4 24 | $711.6M | $2.2B | ||
| Q3 24 | $563.5M | $2.1B | ||
| Q2 24 | $571.7M | $2.1B |
总债务BGCROKU
| Q1 26 | — | — | ||
| Q4 25 | $1.5B | — | ||
| Q3 25 | $1.8B | — | ||
| Q2 25 | $1.8B | — | ||
| Q1 25 | $1.1B | — | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $1.4B | — | ||
| Q2 24 | $1.4B | — |
股东权益BGCROKU
| Q1 26 | — | $2.7B | ||
| Q4 25 | $972.5M | $2.7B | ||
| Q3 25 | $965.3M | $2.6B | ||
| Q2 25 | $930.5M | $2.6B | ||
| Q1 25 | $963.8M | $2.5B | ||
| Q4 24 | $898.5M | $2.5B | ||
| Q3 24 | $860.1M | $2.5B | ||
| Q2 24 | $858.1M | $2.4B |
总资产BGCROKU
| Q1 26 | — | $4.4B | ||
| Q4 25 | $4.4B | $4.4B | ||
| Q3 25 | $5.8B | $4.4B | ||
| Q2 25 | $4.9B | $4.3B | ||
| Q1 25 | $4.9B | $4.2B | ||
| Q4 24 | $3.6B | $4.3B | ||
| Q3 24 | $4.4B | $4.3B | ||
| Q2 24 | $4.3B | $4.1B |
负债/权益比BGCROKU
| Q1 26 | — | — | ||
| Q4 25 | 1.58× | — | ||
| Q3 25 | 1.90× | — | ||
| Q2 25 | 1.97× | — | ||
| Q1 25 | 1.19× | — | ||
| Q4 24 | 1.27× | — | ||
| Q3 24 | 1.68× | — | ||
| Q2 24 | 1.68× | — |
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 | $180.4M | $199.1M |
| 自由现金流经营现金流 - 资本支出 | $175.1M | $298.4M |
| 自由现金流率自由现金流/营收 | 27.4% | 23.9% |
| 资本支出强度资本支出/营收 | 0.8% | — |
| 现金转化率经营现金流/净利润 | 12.55× | — |
| 过去12个月自由现金流最近4个季度 | $372.9M | $640.0M |
8季度趋势，按日历期对齐
经营现金流BGCROKU
| Q1 26 | — | $199.1M | ||
| Q4 25 | $180.4M | $107.7M | ||
| Q3 25 | $141.9M | $127.6M | ||
| Q2 25 | $71.2M | $109.7M | ||
| Q1 25 | $839.0K | $138.7M | ||
| Q4 24 | $251.9M | $79.3M | ||
| Q3 24 | $88.3M | $68.7M | ||
| Q2 24 | $-53.0M | $23.4M |
自由现金流BGCROKU
| Q1 26 | — | $298.4M | ||
| Q4 25 | $175.1M | $106.6M | ||
| Q3 25 | $137.2M | $126.5M | ||
| Q2 25 | $65.0M | $108.6M | ||
| Q1 25 | $-4.4M | $136.8M | ||
| Q4 24 | $245.6M | $76.8M | ||
| Q3 24 | $78.8M | $67.6M | ||
| Q2 24 | $-63.5M | $22.5M |
自由现金流率BGCROKU
| Q1 26 | — | 23.9% | ||
| Q4 25 | 27.4% | 7.6% | ||
| Q3 25 | 22.1% | 10.4% | ||
| Q2 25 | 10.0% | 9.8% | ||
| Q1 25 | -0.8% | 13.4% | ||
| Q4 24 | 51.7% | 6.4% | ||
| Q3 24 | 17.5% | 6.4% | ||
| Q2 24 | -14.6% | 2.3% |
资本支出强度BGCROKU
| Q1 26 | — | — | ||
| Q4 25 | 0.8% | 0.1% | ||
| Q3 25 | 0.8% | 0.1% | ||
| Q2 25 | 1.0% | 0.1% | ||
| Q1 25 | 1.0% | 0.2% | ||
| Q4 24 | 1.3% | 0.2% | ||
| Q3 24 | 2.1% | 0.1% | ||
| Q2 24 | 2.4% | 0.1% |
现金转化率BGCROKU
| Q1 26 | — | — | ||
| Q4 25 | 12.55× | 1.34× | ||
| Q3 25 | 5.09× | 5.14× | ||
| Q2 25 | 1.24× | 10.45× | ||
| Q1 25 | 0.02× | — | ||
| Q4 24 | 9.99× | — | ||
| Q3 24 | 5.99× | — | ||
| Q2 24 | -1.40× | — |
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
BGC
| Commissions | $590.2M | 92% |
| Data Software And Post Trade | $36.7M | 6% |
| Fees From Related Parties | $4.6M | 1% |
ROKU
| Advertising | $612.7M | 49% |
| Subscriptions | $518.5M | 42% |
| Devices | $117.6M | 9% |
