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TopBuild Corp（BLD）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
TopBuild Corp的季度营收约是罗布乐思的1.0倍（$1.5B vs $1.4B），TopBuild Corp净利率更高（7.0% vs -22.3%，领先29.4%），罗布乐思同比增速更快（43.2% vs 13.2%），罗布乐思自由现金流更多（$308.6M vs $159.4M），过去两年罗布乐思的营收复合增速更高（32.9% vs 7.8%）
HashiCorp是总部位于美国加利福尼亚州旧金山的软件企业，2012年由米切尔·桥本与阿蒙·达德加创立，采用免费增值商业模式，为开发、运维及安全从业人员提供云基础设施配置、防护、运行与连接相关的工具及产品。
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。
BLD vs RBLX — 直观对比
营收规模更大
BLD
是对方的1.0倍
$1.4B
营收增速更快
RBLX
高出30.0%
13.2%
净利率更高
BLD
高出29.4%
-22.3%
自由现金流更多
RBLX
多$149.2M
$159.4M
两年增速更快
RBLX
近两年复合增速
7.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.5B | $1.4B |
| 净利润 | $104.5M | $-316.0M |
| 毛利率 | 27.2% | 77.7% |
| 营业利润率 | 12.1% | -25.3% |
| 净利率 | 7.0% | -22.3% |
| 营收同比 | 13.2% | 43.2% |
| 净利润同比 | -30.6% | -43.9% |
| 每股收益（稀释后） | $3.69 | $-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BLDRBLX
| Q4 25 | $1.5B | $1.4B | ||
| Q3 25 | $1.4B | $1.4B | ||
| Q2 25 | $1.3B | $1.1B | ||
| Q1 25 | $1.2B | $1.0B | ||
| Q4 24 | $1.3B | $988.2M | ||
| Q3 24 | $1.4B | $919.0M | ||
| Q2 24 | $1.4B | $893.5M | ||
| Q1 24 | $1.3B | $801.3M |
净利润BLDRBLX
| Q4 25 | $104.5M | $-316.0M | ||
| Q3 25 | $142.2M | $-255.6M | ||
| Q2 25 | $151.6M | $-278.4M | ||
| Q1 25 | $123.4M | $-215.1M | ||
| Q4 24 | $150.5M | $-219.6M | ||
| Q3 24 | $169.0M | $-239.3M | ||
| Q2 24 | $150.7M | $-205.9M | ||
| Q1 24 | $152.4M | $-270.6M |
毛利率BLDRBLX
| Q4 25 | 27.2% | 77.7% | ||
| Q3 25 | 30.1% | 78.2% | ||
| Q2 25 | 30.4% | 78.2% | ||
| Q1 25 | 28.5% | 78.3% | ||
| Q4 24 | 29.9% | 77.9% | ||
| Q3 24 | 30.7% | 77.7% | ||
| Q2 24 | 31.0% | 77.8% | ||
| Q1 24 | 30.3% | 77.7% |
营业利润率BLDRBLX
| Q4 25 | 12.1% | -25.3% | ||
| Q3 25 | 15.4% | -21.8% | ||
| Q2 25 | 16.9% | -29.8% | ||
| Q1 25 | 14.4% | -24.6% | ||
| Q4 24 | 16.6% | -24.7% | ||
| Q3 24 | 17.8% | -30.4% | ||
| Q2 24 | 15.4% | -26.6% | ||
| Q1 24 | 16.8% | -37.7% |
净利率BLDRBLX
| Q4 25 | 7.0% | -22.3% | ||
| Q3 25 | 10.2% | -18.8% | ||
| Q2 25 | 11.7% | -25.8% | ||
| Q1 25 | 10.0% | -20.8% | ||
| Q4 24 | 11.5% | -22.2% | ||
| Q3 24 | 12.3% | -26.0% | ||
| Q2 24 | 11.0% | -23.0% | ||
| Q1 24 | 11.9% | -33.8% |
每股收益（稀释后）BLDRBLX
| Q4 25 | $3.69 | $-0.44 | ||
| Q3 25 | $5.04 | $-0.37 | ||
| Q2 25 | $5.32 | $-0.41 | ||
| Q1 25 | $4.23 | $-0.32 | ||
| Q4 24 | $5.07 | $-0.32 | ||
| Q3 24 | $5.65 | $-0.37 | ||
| Q2 24 | $4.78 | $-0.32 | ||
| Q1 24 | $4.79 | $-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 | $184.7M | $3.1B |
| 总债务越低越好 | $2.8B | $1.2B |
| 股东权益账面价值 | $2.3B | $394.5M |
| 总资产 | $6.6B | $9.6B |
| 负债/权益比越低杠杆越低 | 1.23× | 2.98× |
8季度趋势，按日历期对齐
现金及短期投资BLDRBLX
| Q4 25 | $184.7M | $3.1B | ||
| Q3 25 | $1.1B | $2.9B | ||
| Q2 25 | $842.5M | $2.6B | ||
| Q1 25 | $308.8M | $2.7B | ||
| Q4 24 | $400.3M | $2.4B | ||
| Q3 24 | $257.3M | $2.3B | ||
| Q2 24 | $463.2M | $2.4B | ||
| Q1 24 | $968.8M | $2.4B |
总债务BLDRBLX
| Q4 25 | $2.8B | $1.2B | ||
| Q3 25 | $2.9B | — | ||
| Q2 25 | $1.9B | — | ||
| Q1 25 | $1.4B | — | ||
| Q4 24 | $1.4B | $1.2B | ||
| Q3 24 | $1.4B | — | ||
| Q2 24 | $1.4B | — | ||
| Q1 24 | $1.4B | — |
股东权益BLDRBLX
| Q4 25 | $2.3B | $394.5M | ||
| Q3 25 | $2.2B | $407.6M | ||
| Q2 25 | $2.1B | $353.2M | ||
| Q1 25 | $2.1B | $310.7M | ||
| Q4 24 | $2.2B | $221.4M | ||
| Q3 24 | $2.1B | $189.9M | ||
| Q2 24 | $2.4B | $121.5M | ||
| Q1 24 | $2.7B | $71.6M |
总资产BLDRBLX
| Q4 25 | $6.6B | $9.6B | ||
| Q3 25 | $6.4B | $8.6B | ||
| Q2 25 | $5.1B | $7.8B | ||
| Q1 25 | $4.6B | $7.5B | ||
| Q4 24 | $4.7B | $7.2B | ||
| Q3 24 | $4.7B | $6.7B | ||
| Q2 24 | $4.9B | $6.5B | ||
| Q1 24 | $5.3B | $6.3B |
负债/权益比BLDRBLX
| Q4 25 | 1.23× | 2.98× | ||
| Q3 25 | 1.29× | — | ||
| Q2 25 | 0.88× | — | ||
| Q1 25 | 0.65× | — | ||
| Q4 24 | 0.62× | 5.48× | ||
| Q3 24 | 0.66× | — | ||
| Q2 24 | 0.59× | — | ||
| Q1 24 | 0.52× | — |
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 | $176.7M | $607.0M |
| 自由现金流经营现金流 - 资本支出 | $159.4M | $308.6M |
| 自由现金流率自由现金流/营收 | 10.7% | 21.8% |
| 资本支出强度资本支出/营收 | 1.2% | 21.1% |
| 现金转化率经营现金流/净利润 | 1.69× | — |
| 过去12个月自由现金流最近4个季度 | $696.9M | $1.4B |
8季度趋势，按日历期对齐
经营现金流BLDRBLX
| Q4 25 | $176.7M | $607.0M | ||
| Q3 25 | $233.3M | $546.2M | ||
| Q2 25 | $193.7M | $199.3M | ||
| Q1 25 | $152.6M | $443.9M | ||
| Q4 24 | $266.2M | $184.5M | ||
| Q3 24 | $240.7M | $247.4M | ||
| Q2 24 | $90.4M | $151.4M | ||
| Q1 24 | $178.8M | $238.9M |
自由现金流BLDRBLX
| Q4 25 | $159.4M | $308.6M | ||
| Q3 25 | $216.2M | $443.6M | ||
| Q2 25 | $182.2M | $176.7M | ||
| Q1 25 | $139.2M | $426.5M | ||
| Q4 24 | $253.7M | $120.6M | ||
| Q3 24 | $219.8M | $218.0M | ||
| Q2 24 | $74.3M | $111.7M | ||
| Q1 24 | $158.9M | $192.3M |
自由现金流率BLDRBLX
| Q4 25 | 10.7% | 21.8% | ||
| Q3 25 | 15.5% | 32.6% | ||
| Q2 25 | 14.0% | 16.3% | ||
| Q1 25 | 11.3% | 41.2% | ||
| Q4 24 | 19.3% | 12.2% | ||
| Q3 24 | 16.0% | 23.7% | ||
| Q2 24 | 5.4% | 12.5% | ||
| Q1 24 | 12.4% | 24.0% |
资本支出强度BLDRBLX
| Q4 25 | 1.2% | 21.1% | ||
| Q3 25 | 1.2% | 7.5% | ||
| Q2 25 | 0.9% | 2.1% | ||
| Q1 25 | 1.1% | 1.7% | ||
| Q4 24 | 1.0% | 6.5% | ||
| Q3 24 | 1.5% | 3.2% | ||
| Q2 24 | 1.2% | 4.4% | ||
| Q1 24 | 1.6% | 5.8% |
现金转化率BLDRBLX
| Q4 25 | 1.69× | — | ||
| Q3 25 | 1.64× | — | ||
| Q2 25 | 1.28× | — | ||
| Q1 25 | 1.24× | — | ||
| Q4 24 | 1.77× | — | ||
| Q3 24 | 1.42× | — | ||
| Q2 24 | 0.60× | — | ||
| Q1 24 | 1.17× | — |
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
BLD
| Distribution Segment | $755.4M | 51% |
| Residential | $557.9M | 38% |
| All Other Products | $91.9M | 6% |
| Glass And Windows | $51.5M | 3% |
| Rain Gutters | $27.1M | 2% |
RBLX
暂无分部数据
