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TopBuild Corp（BLD）与ROKU, INC（ROKU）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ROKU, INC的1.2倍（$1.5B vs $1.2B），TopBuild Corp净利率更高（7.0% vs -2.2%，领先9.2%），TopBuild Corp同比增速更快（13.2% vs -18.3%），ROKU, INC自由现金流更多（$298.4M vs $159.4M），过去两年ROKU, INC的营收复合增速更高（13.6% 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。
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。
BLD vs ROKU — 直观对比
营收规模更大
BLD
是对方的1.2倍
$1.2B
营收增速更快
BLD
高出31.5%
-18.3%
净利率更高
BLD
高出9.2%
-2.2%
自由现金流更多
ROKU
多$139.0M
$159.4M
两年增速更快
ROKU
近两年复合增速
7.8%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.5B | $1.2B |
| 净利润 | $104.5M | $-27.4M |
| 毛利率 | 27.2% | 35.6% |
| 营业利润率 | 12.1% | 59.7% |
| 净利率 | 7.0% | -2.2% |
| 营收同比 | 13.2% | -18.3% |
| 净利润同比 | -30.6% | -361.0% |
| 每股收益（稀释后） | $3.69 | $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BLDROKU
| Q1 26 | — | $1.2B | ||
| Q4 25 | $1.5B | $1.4B | ||
| Q3 25 | $1.4B | $1.2B | ||
| Q2 25 | $1.3B | $1.1B | ||
| Q1 25 | $1.2B | $1.0B | ||
| Q4 24 | $1.3B | $1.2B | ||
| Q3 24 | $1.4B | $1.1B | ||
| Q2 24 | $1.4B | $968.2M |
净利润BLDROKU
| Q1 26 | — | $-27.4M | ||
| Q4 25 | $104.5M | $80.5M | ||
| Q3 25 | $142.2M | $24.8M | ||
| Q2 25 | $151.6M | $10.5M | ||
| Q1 25 | $123.4M | $-27.4M | ||
| Q4 24 | $150.5M | $-35.5M | ||
| Q3 24 | $169.0M | $-9.0M | ||
| Q2 24 | $150.7M | $-34.0M |
毛利率BLDROKU
| Q1 26 | — | 35.6% | ||
| Q4 25 | 27.2% | 43.5% | ||
| Q3 25 | 30.1% | 43.4% | ||
| Q2 25 | 30.4% | 44.8% | ||
| Q1 25 | 28.5% | 43.6% | ||
| Q4 24 | 29.9% | 42.7% | ||
| Q3 24 | 30.7% | 45.2% | ||
| Q2 24 | 31.0% | 43.9% |
营业利润率BLDROKU
| Q1 26 | — | 59.7% | ||
| Q4 25 | 12.1% | 4.7% | ||
| Q3 25 | 15.4% | 0.8% | ||
| Q2 25 | 16.9% | -2.1% | ||
| Q1 25 | 14.4% | -5.7% | ||
| Q4 24 | 16.6% | -3.3% | ||
| Q3 24 | 17.8% | -3.4% | ||
| Q2 24 | 15.4% | -7.4% |
净利率BLDROKU
| Q1 26 | — | -2.2% | ||
| Q4 25 | 7.0% | 5.8% | ||
| Q3 25 | 10.2% | 2.0% | ||
| Q2 25 | 11.7% | 0.9% | ||
| Q1 25 | 10.0% | -2.7% | ||
| Q4 24 | 11.5% | -3.0% | ||
| Q3 24 | 12.3% | -0.9% | ||
| Q2 24 | 11.0% | -3.5% |
每股收益（稀释后）BLDROKU
| Q1 26 | — | $0.57 | ||
| Q4 25 | $3.69 | $0.55 | ||
| Q3 25 | $5.04 | $0.16 | ||
| Q2 25 | $5.32 | $0.07 | ||
| Q1 25 | $4.23 | $-0.19 | ||
| Q4 24 | $5.07 | $-0.24 | ||
| Q3 24 | $5.65 | $-0.06 | ||
| Q2 24 | $4.78 | $-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 | $184.7M | $2.4B |
| 总债务越低越好 | $2.8B | — |
| 股东权益账面价值 | $2.3B | $2.7B |
| 总资产 | $6.6B | $4.4B |
| 负债/权益比越低杠杆越低 | 1.23× | — |
8季度趋势，按日历期对齐
现金及短期投资BLDROKU
| Q1 26 | — | $2.4B | ||
| Q4 25 | $184.7M | $2.3B | ||
| Q3 25 | $1.1B | $2.3B | ||
| Q2 25 | $842.5M | $2.3B | ||
| Q1 25 | $308.8M | $2.3B | ||
| Q4 24 | $400.3M | $2.2B | ||
| Q3 24 | $257.3M | $2.1B | ||
| Q2 24 | $463.2M | $2.1B |
总债务BLDROKU
| Q1 26 | — | — | ||
| Q4 25 | $2.8B | — | ||
| Q3 25 | $2.9B | — | ||
| Q2 25 | $1.9B | — | ||
| Q1 25 | $1.4B | — | ||
| Q4 24 | $1.4B | — | ||
| Q3 24 | $1.4B | — | ||
| Q2 24 | $1.4B | — |
股东权益BLDROKU
| Q1 26 | — | $2.7B | ||
| Q4 25 | $2.3B | $2.7B | ||
| Q3 25 | $2.2B | $2.6B | ||
| Q2 25 | $2.1B | $2.6B | ||
| Q1 25 | $2.1B | $2.5B | ||
| Q4 24 | $2.2B | $2.5B | ||
| Q3 24 | $2.1B | $2.5B | ||
| Q2 24 | $2.4B | $2.4B |
总资产BLDROKU
| Q1 26 | — | $4.4B | ||
| Q4 25 | $6.6B | $4.4B | ||
| Q3 25 | $6.4B | $4.4B | ||
| Q2 25 | $5.1B | $4.3B | ||
| Q1 25 | $4.6B | $4.2B | ||
| Q4 24 | $4.7B | $4.3B | ||
| Q3 24 | $4.7B | $4.3B | ||
| Q2 24 | $4.9B | $4.1B |
负债/权益比BLDROKU
| Q1 26 | — | — | ||
| Q4 25 | 1.23× | — | ||
| Q3 25 | 1.29× | — | ||
| Q2 25 | 0.88× | — | ||
| Q1 25 | 0.65× | — | ||
| Q4 24 | 0.62× | — | ||
| Q3 24 | 0.66× | — | ||
| Q2 24 | 0.59× | — |
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 | $199.1M |
| 自由现金流经营现金流 - 资本支出 | $159.4M | $298.4M |
| 自由现金流率自由现金流/营收 | 10.7% | 23.9% |
| 资本支出强度资本支出/营收 | 1.2% | — |
| 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 | $640.0M |
8季度趋势，按日历期对齐
经营现金流BLDROKU
| Q1 26 | — | $199.1M | ||
| Q4 25 | $176.7M | $107.7M | ||
| Q3 25 | $233.3M | $127.6M | ||
| Q2 25 | $193.7M | $109.7M | ||
| Q1 25 | $152.6M | $138.7M | ||
| Q4 24 | $266.2M | $79.3M | ||
| Q3 24 | $240.7M | $68.7M | ||
| Q2 24 | $90.4M | $23.4M |
自由现金流BLDROKU
| Q1 26 | — | $298.4M | ||
| Q4 25 | $159.4M | $106.6M | ||
| Q3 25 | $216.2M | $126.5M | ||
| Q2 25 | $182.2M | $108.6M | ||
| Q1 25 | $139.2M | $136.8M | ||
| Q4 24 | $253.7M | $76.8M | ||
| Q3 24 | $219.8M | $67.6M | ||
| Q2 24 | $74.3M | $22.5M |
自由现金流率BLDROKU
| Q1 26 | — | 23.9% | ||
| Q4 25 | 10.7% | 7.6% | ||
| Q3 25 | 15.5% | 10.4% | ||
| Q2 25 | 14.0% | 9.8% | ||
| Q1 25 | 11.3% | 13.4% | ||
| Q4 24 | 19.3% | 6.4% | ||
| Q3 24 | 16.0% | 6.4% | ||
| Q2 24 | 5.4% | 2.3% |
资本支出强度BLDROKU
| Q1 26 | — | — | ||
| Q4 25 | 1.2% | 0.1% | ||
| Q3 25 | 1.2% | 0.1% | ||
| Q2 25 | 0.9% | 0.1% | ||
| Q1 25 | 1.1% | 0.2% | ||
| Q4 24 | 1.0% | 0.2% | ||
| Q3 24 | 1.5% | 0.1% | ||
| Q2 24 | 1.2% | 0.1% |
现金转化率BLDROKU
| Q1 26 | — | — | ||
| Q4 25 | 1.69× | 1.34× | ||
| Q3 25 | 1.64× | 5.14× | ||
| Q2 25 | 1.28× | 10.45× | ||
| Q1 25 | 1.24× | — | ||
| Q4 24 | 1.77× | — | ||
| Q3 24 | 1.42× | — | ||
| Q2 24 | 0.60× | — |
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% |
ROKU
| Advertising | $612.7M | 49% |
| Subscriptions | $518.5M | 42% |
| Devices | $117.6M | 9% |
