vs
Brighthouse Financial, Inc.（BHF）与ROKU, INC（ROKU）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ROKU, INC的1.4倍（$1.7B vs $1.2B），Brighthouse Financial, Inc.净利率更高（8.1% vs -2.2%，领先10.3%），Brighthouse Financial, Inc.同比增速更快（40.2% vs -18.3%），过去两年ROKU, INC的营收复合增速更高（13.6% 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。
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。
BHF vs ROKU — 直观对比
营收规模更大
BHF
是对方的1.4倍
$1.2B
营收增速更快
BHF
高出58.4%
-18.3%
净利率更高
BHF
高出10.3%
-2.2%
两年增速更快
ROKU
近两年复合增速
9.8%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.7B | $1.2B |
| 净利润 | $137.0M | $-27.4M |
| 毛利率 | — | 35.6% |
| 营业利润率 | 8.9% | 59.7% |
| 净利率 | 8.1% | -2.2% |
| 营收同比 | 40.2% | -18.3% |
| 净利润同比 | -79.6% | -361.0% |
| 每股收益（稀释后） | $1.84 | $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BHFROKU
| Q1 26 | — | $1.2B | ||
| Q4 25 | $1.7B | $1.4B | ||
| Q3 25 | $1.8B | $1.2B | ||
| Q2 25 | $871.0M | $1.1B | ||
| Q1 25 | $2.4B | $1.0B | ||
| Q4 24 | $1.2B | $1.2B | ||
| Q3 24 | $2.0B | $1.1B | ||
| Q2 24 | $1.4B | $968.2M |
净利润BHFROKU
| Q1 26 | — | $-27.4M | ||
| Q4 25 | $137.0M | $80.5M | ||
| Q3 25 | $479.0M | $24.8M | ||
| Q2 25 | $85.0M | $10.5M | ||
| Q1 25 | $-268.0M | $-27.4M | ||
| Q4 24 | $671.0M | $-35.5M | ||
| Q3 24 | $176.0M | $-9.0M | ||
| Q2 24 | $34.0M | $-34.0M |
毛利率BHFROKU
| 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BHFROKU
| Q1 26 | — | 59.7% | ||
| Q4 25 | 8.9% | 4.7% | ||
| Q3 25 | 32.2% | 0.8% | ||
| Q2 25 | 10.7% | -2.1% | ||
| Q1 25 | -14.8% | -5.7% | ||
| Q4 24 | 69.2% | -3.3% | ||
| Q3 24 | 9.3% | -3.4% | ||
| Q2 24 | 1.0% | -7.4% |
净利率BHFROKU
| Q1 26 | — | -2.2% | ||
| Q4 25 | 8.1% | 5.8% | ||
| Q3 25 | 26.4% | 2.0% | ||
| Q2 25 | 9.8% | 0.9% | ||
| Q1 25 | -11.2% | -2.7% | ||
| Q4 24 | 55.7% | -3.0% | ||
| Q3 24 | 8.7% | -0.9% | ||
| Q2 24 | 2.4% | -3.5% |
每股收益（稀释后）BHFROKU
| Q1 26 | — | $0.57 | ||
| Q4 25 | $1.84 | $0.55 | ||
| Q3 25 | $7.89 | $0.16 | ||
| Q2 25 | $1.02 | $0.07 | ||
| Q1 25 | $-5.04 | $-0.19 | ||
| Q4 24 | $10.27 | $-0.24 | ||
| Q3 24 | $2.47 | $-0.06 | ||
| Q2 24 | $0.12 | $-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 | — | $2.4B |
| 总债务越低越好 | $3.2B | — |
| 股东权益账面价值 | $6.8B | $2.7B |
| 总资产 | $241.8B | $4.4B |
| 负债/权益比越低杠杆越低 | 0.47× | — |
8季度趋势，按日历期对齐
现金及短期投资BHFROKU
| Q1 26 | — | $2.4B | ||
| Q4 25 | — | $2.3B | ||
| Q3 25 | — | $2.3B | ||
| Q2 25 | — | $2.3B | ||
| Q1 25 | — | $2.3B | ||
| Q4 24 | $1.9B | $2.2B | ||
| Q3 24 | $1.8B | $2.1B | ||
| Q2 24 | $1.4B | $2.1B |
总债务BHFROKU
| Q1 26 | — | — | ||
| Q4 25 | $3.2B | — | ||
| Q3 25 | $3.2B | — | ||
| Q2 25 | $3.2B | — | ||
| Q1 25 | $3.2B | — | ||
| Q4 24 | $3.2B | — | ||
| Q3 24 | $3.2B | — | ||
| Q2 24 | $3.2B | — |
股东权益BHFROKU
| Q1 26 | — | $2.7B | ||
| Q4 25 | $6.8B | $2.7B | ||
| Q3 25 | $6.4B | $2.6B | ||
| Q2 25 | $5.7B | $2.6B | ||
| Q1 25 | $5.2B | $2.5B | ||
| Q4 24 | $5.0B | $2.5B | ||
| Q3 24 | $5.5B | $2.5B | ||
| Q2 24 | $4.1B | $2.4B |
总资产BHFROKU
| Q1 26 | — | $4.4B | ||
| Q4 25 | $241.8B | $4.4B | ||
| Q3 25 | $244.7B | $4.4B | ||
| Q2 25 | $242.6B | $4.3B | ||
| Q1 25 | $234.7B | $4.2B | ||
| Q4 24 | $238.5B | $4.3B | ||
| Q3 24 | $245.2B | $4.3B | ||
| Q2 24 | $237.4B | $4.1B |
负债/权益比BHFROKU
| Q1 26 | — | — | ||
| Q4 25 | 0.47× | — | ||
| Q3 25 | 0.50× | — | ||
| Q2 25 | 0.56× | — | ||
| Q1 25 | 0.60× | — | ||
| Q4 24 | 0.64× | — | ||
| Q3 24 | 0.57× | — | ||
| 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 | $-3.0M | $199.1M |
| 自由现金流经营现金流 - 资本支出 | — | $298.4M |
| 自由现金流率自由现金流/营收 | — | 23.9% |
| 资本支出强度资本支出/营收 | — | — |
| 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 | — | $640.0M |
8季度趋势，按日历期对齐
经营现金流BHFROKU
| Q1 26 | — | $199.1M | ||
| Q4 25 | $-3.0M | $107.7M | ||
| Q3 25 | $117.0M | $127.6M | ||
| Q2 25 | $-1.0M | $109.7M | ||
| Q1 25 | $146.0M | $138.7M | ||
| Q4 24 | $-118.0M | $79.3M | ||
| Q3 24 | $24.0M | $68.7M | ||
| Q2 24 | $334.0M | $23.4M |
自由现金流BHFROKU
| Q1 26 | — | $298.4M | ||
| Q4 25 | — | $106.6M | ||
| Q3 25 | — | $126.5M | ||
| Q2 25 | — | $108.6M | ||
| Q1 25 | — | $136.8M | ||
| Q4 24 | — | $76.8M | ||
| Q3 24 | — | $67.6M | ||
| Q2 24 | — | $22.5M |
自由现金流率BHFROKU
| Q1 26 | — | 23.9% | ||
| Q4 25 | — | 7.6% | ||
| Q3 25 | — | 10.4% | ||
| Q2 25 | — | 9.8% | ||
| Q1 25 | — | 13.4% | ||
| Q4 24 | — | 6.4% | ||
| Q3 24 | — | 6.4% | ||
| Q2 24 | — | 2.3% |
资本支出强度BHFROKU
| Q1 26 | — | — | ||
| Q4 25 | — | 0.1% | ||
| Q3 25 | — | 0.1% | ||
| Q2 25 | — | 0.1% | ||
| Q1 25 | — | 0.2% | ||
| Q4 24 | — | 0.2% | ||
| Q3 24 | — | 0.1% | ||
| Q2 24 | — | 0.1% |
现金转化率BHFROKU
| Q1 26 | — | — | ||
| Q4 25 | -0.02× | 1.34× | ||
| Q3 25 | 0.24× | 5.14× | ||
| Q2 25 | -0.01× | 10.45× | ||
| Q1 25 | — | — | ||
| Q4 24 | -0.18× | — | ||
| Q3 24 | 0.14× | — | ||
| Q2 24 | 9.82× | — |
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% |
ROKU
| Advertising | $612.7M | 49% |
| Subscriptions | $518.5M | 42% |
| Devices | $117.6M | 9% |
