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Brighthouse Financial, Inc.（BHF）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
Brighthouse Financial, Inc.的季度营收约是罗布乐思的1.2倍（$1.7B vs $1.4B），Brighthouse Financial, Inc.净利率更高（8.1% vs -22.3%，领先30.4%），罗布乐思同比增速更快（43.2% vs 40.2%），过去两年罗布乐思的营收复合增速更高（32.9% vs 9.8%）
Brighthouse Financial是总部位于美国北卡罗来纳州夏洛特的保险公司，核心业务为销售年金和人寿保险产品。截至2018年3月，该公司是美国规模领先的年金和人寿保险提供商之一，总资产达2190亿美元，有效保单及年金合约数量约260万份。
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。
BHF vs RBLX — 直观对比
营收规模更大
BHF
是对方的1.2倍
$1.4B
营收增速更快
RBLX
高出3.0%
40.2%
净利率更高
BHF
高出30.4%
-22.3%
两年增速更快
RBLX
近两年复合增速
9.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.7B | $1.4B |
| 净利润 | $137.0M | $-316.0M |
| 毛利率 | — | 77.7% |
| 营业利润率 | 8.9% | -25.3% |
| 净利率 | 8.1% | -22.3% |
| 营收同比 | 40.2% | 43.2% |
| 净利润同比 | -79.6% | -43.9% |
| 每股收益（稀释后） | $1.84 | $-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BHFRBLX
| Q4 25 | $1.7B | $1.4B | ||
| Q3 25 | $1.8B | $1.4B | ||
| Q2 25 | $871.0M | $1.1B | ||
| Q1 25 | $2.4B | $1.0B | ||
| Q4 24 | $1.2B | $988.2M | ||
| Q3 24 | $2.0B | $919.0M | ||
| Q2 24 | $1.4B | $893.5M | ||
| Q1 24 | — | $801.3M |
净利润BHFRBLX
| Q4 25 | $137.0M | $-316.0M | ||
| Q3 25 | $479.0M | $-255.6M | ||
| Q2 25 | $85.0M | $-278.4M | ||
| Q1 25 | $-268.0M | $-215.1M | ||
| Q4 24 | $671.0M | $-219.6M | ||
| Q3 24 | $176.0M | $-239.3M | ||
| Q2 24 | $34.0M | $-205.9M | ||
| Q1 24 | — | $-270.6M |
毛利率BHFRBLX
| 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BHFRBLX
| Q4 25 | 8.9% | -25.3% | ||
| Q3 25 | 32.2% | -21.8% | ||
| Q2 25 | 10.7% | -29.8% | ||
| Q1 25 | -14.8% | -24.6% | ||
| Q4 24 | 69.2% | -24.7% | ||
| Q3 24 | 9.3% | -30.4% | ||
| Q2 24 | 1.0% | -26.6% | ||
| Q1 24 | — | -37.7% |
净利率BHFRBLX
| Q4 25 | 8.1% | -22.3% | ||
| Q3 25 | 26.4% | -18.8% | ||
| Q2 25 | 9.8% | -25.8% | ||
| Q1 25 | -11.2% | -20.8% | ||
| Q4 24 | 55.7% | -22.2% | ||
| Q3 24 | 8.7% | -26.0% | ||
| Q2 24 | 2.4% | -23.0% | ||
| Q1 24 | — | -33.8% |
每股收益（稀释后）BHFRBLX
| Q4 25 | $1.84 | $-0.44 | ||
| Q3 25 | $7.89 | $-0.37 | ||
| Q2 25 | $1.02 | $-0.41 | ||
| Q1 25 | $-5.04 | $-0.32 | ||
| Q4 24 | $10.27 | $-0.32 | ||
| Q3 24 | $2.47 | $-0.37 | ||
| Q2 24 | $0.12 | $-0.32 | ||
| Q1 24 | — | $-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 | $3.2B | $1.2B |
| 股东权益账面价值 | $6.8B | $394.5M |
| 总资产 | $241.8B | $9.6B |
| 负债/权益比越低杠杆越低 | 0.47× | 2.98× |
8季度趋势，按日历期对齐
现金及短期投资BHFRBLX
| Q4 25 | — | $3.1B | ||
| Q3 25 | — | $2.9B | ||
| Q2 25 | — | $2.6B | ||
| Q1 25 | — | $2.7B | ||
| Q4 24 | $1.9B | $2.4B | ||
| Q3 24 | $1.8B | $2.3B | ||
| Q2 24 | $1.4B | $2.4B | ||
| Q1 24 | — | $2.4B |
总债务BHFRBLX
| Q4 25 | $3.2B | $1.2B | ||
| Q3 25 | $3.2B | — | ||
| Q2 25 | $3.2B | — | ||
| Q1 25 | $3.2B | — | ||
| Q4 24 | $3.2B | $1.2B | ||
| Q3 24 | $3.2B | — | ||
| Q2 24 | $3.2B | — | ||
| Q1 24 | — | — |
股东权益BHFRBLX
| Q4 25 | $6.8B | $394.5M | ||
| Q3 25 | $6.4B | $407.6M | ||
| Q2 25 | $5.7B | $353.2M | ||
| Q1 25 | $5.2B | $310.7M | ||
| Q4 24 | $5.0B | $221.4M | ||
| Q3 24 | $5.5B | $189.9M | ||
| Q2 24 | $4.1B | $121.5M | ||
| Q1 24 | — | $71.6M |
总资产BHFRBLX
| Q4 25 | $241.8B | $9.6B | ||
| Q3 25 | $244.7B | $8.6B | ||
| Q2 25 | $242.6B | $7.8B | ||
| Q1 25 | $234.7B | $7.5B | ||
| Q4 24 | $238.5B | $7.2B | ||
| Q3 24 | $245.2B | $6.7B | ||
| Q2 24 | $237.4B | $6.5B | ||
| Q1 24 | — | $6.3B |
负债/权益比BHFRBLX
| Q4 25 | 0.47× | 2.98× | ||
| Q3 25 | 0.50× | — | ||
| Q2 25 | 0.56× | — | ||
| Q1 25 | 0.60× | — | ||
| Q4 24 | 0.64× | 5.48× | ||
| Q3 24 | 0.57× | — | ||
| Q2 24 | 0.76× | — | ||
| 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 | $-3.0M | $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 | -0.02× | — |
| 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BHFRBLX
| Q4 25 | $-3.0M | $607.0M | ||
| Q3 25 | $117.0M | $546.2M | ||
| Q2 25 | $-1.0M | $199.3M | ||
| Q1 25 | $146.0M | $443.9M | ||
| Q4 24 | $-118.0M | $184.5M | ||
| Q3 24 | $24.0M | $247.4M | ||
| Q2 24 | $334.0M | $151.4M | ||
| Q1 24 | — | $238.9M |
自由现金流BHFRBLX
| Q4 25 | — | $308.6M | ||
| Q3 25 | — | $443.6M | ||
| Q2 25 | — | $176.7M | ||
| Q1 25 | — | $426.5M | ||
| Q4 24 | — | $120.6M | ||
| Q3 24 | — | $218.0M | ||
| Q2 24 | — | $111.7M | ||
| Q1 24 | — | $192.3M |
自由现金流率BHFRBLX
| Q4 25 | — | 21.8% | ||
| Q3 25 | — | 32.6% | ||
| Q2 25 | — | 16.3% | ||
| Q1 25 | — | 41.2% | ||
| Q4 24 | — | 12.2% | ||
| Q3 24 | — | 23.7% | ||
| Q2 24 | — | 12.5% | ||
| Q1 24 | — | 24.0% |
资本支出强度BHFRBLX
| Q4 25 | — | 21.1% | ||
| Q3 25 | — | 7.5% | ||
| Q2 25 | — | 2.1% | ||
| Q1 25 | — | 1.7% | ||
| Q4 24 | — | 6.5% | ||
| Q3 24 | — | 3.2% | ||
| Q2 24 | — | 4.4% | ||
| Q1 24 | — | 5.8% |
现金转化率BHFRBLX
| Q4 25 | -0.02× | — | ||
| Q3 25 | 0.24× | — | ||
| Q2 25 | -0.01× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | -0.18× | — | ||
| Q3 24 | 0.14× | — | ||
| Q2 24 | 9.82× | — | ||
| Q1 24 | — | — |
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
BHF
| Annuities | $926.0M | 55% |
| Runoff | $319.0M | 19% |
| Life | $298.0M | 18% |
| Other | $78.0M | 5% |
| Distribution Service | $66.0M | 4% |
| Accident And Health Insurance Segment | $2.0M | 0% |
RBLX
暂无分部数据
