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Chefs' Warehouse, Inc.（CHEF）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
罗布乐思的季度营收约是Chefs' Warehouse, Inc.的1.3倍（$1.4B vs $1.1B），Chefs' Warehouse, Inc.净利率更高（1.6% vs -22.3%，领先24.0%），罗布乐思同比增速更快（43.2% vs 11.4%），过去两年罗布乐思的营收复合增速更高（32.9% vs 5.3%）
Chefs' Warehouse, Inc. 是一家北美专业食品分销商，服务对象包括独立餐厅、高端餐饮场所、酒店、餐饮服务商等食品服务运营商，供应超15万种精选产品，涵盖手工食材、特色肉类、海鲜、乳制品、进口高端美食等，适配专业厨师的使用需求。
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。
CHEF vs RBLX — 直观对比
营收规模更大
RBLX
是对方的1.3倍
$1.1B
营收增速更快
RBLX
高出31.8%
11.4%
净利率更高
CHEF
高出24.0%
-22.3%
两年增速更快
RBLX
近两年复合增速
5.3%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $1.4B |
| 净利润 | $17.4M | $-316.0M |
| 毛利率 | 24.3% | 77.7% |
| 营业利润率 | 3.1% | -25.3% |
| 净利率 | 1.6% | -22.3% |
| 营收同比 | 11.4% | 43.2% |
| 净利润同比 | 68.8% | -43.9% |
| 每股收益（稀释后） | $0.40 | $-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CHEFRBLX
| Q1 26 | $1.1B | — | ||
| Q4 25 | $1.1B | $1.4B | ||
| Q3 25 | $1.0B | $1.4B | ||
| Q2 25 | $1.0B | $1.1B | ||
| Q1 25 | $950.7M | $1.0B | ||
| Q4 24 | $1.0B | $988.2M | ||
| Q3 24 | $931.5M | $919.0M | ||
| Q2 24 | $954.7M | $893.5M |
净利润CHEFRBLX
| Q1 26 | $17.4M | — | ||
| Q4 25 | $21.7M | $-316.0M | ||
| Q3 25 | $19.1M | $-255.6M | ||
| Q2 25 | $21.2M | $-278.4M | ||
| Q1 25 | $10.3M | $-215.1M | ||
| Q4 24 | $23.9M | $-219.6M | ||
| Q3 24 | $14.1M | $-239.3M | ||
| Q2 24 | $15.5M | $-205.9M |
毛利率CHEFRBLX
| Q1 26 | 24.3% | — | ||
| Q4 25 | 24.2% | 77.7% | ||
| Q3 25 | 24.2% | 78.2% | ||
| Q2 25 | 24.6% | 78.2% | ||
| Q1 25 | 23.8% | 78.3% | ||
| Q4 24 | 24.3% | 77.9% | ||
| Q3 24 | 24.1% | 77.7% | ||
| Q2 24 | 24.0% | 77.8% |
营业利润率CHEFRBLX
| Q1 26 | 3.1% | — | ||
| Q4 25 | 3.8% | -25.3% | ||
| Q3 25 | 3.8% | -21.8% | ||
| Q2 25 | 3.9% | -29.8% | ||
| Q1 25 | 2.4% | -24.6% | ||
| Q4 24 | 4.5% | -24.7% | ||
| Q3 24 | 3.4% | -30.4% | ||
| Q2 24 | 3.5% | -26.6% |
净利率CHEFRBLX
| Q1 26 | 1.6% | — | ||
| Q4 25 | 1.9% | -22.3% | ||
| Q3 25 | 1.9% | -18.8% | ||
| Q2 25 | 2.1% | -25.8% | ||
| Q1 25 | 1.1% | -20.8% | ||
| Q4 24 | 2.3% | -22.2% | ||
| Q3 24 | 1.5% | -26.0% | ||
| Q2 24 | 1.6% | -23.0% |
每股收益（稀释后）CHEFRBLX
| Q1 26 | $0.40 | — | ||
| Q4 25 | $0.50 | $-0.44 | ||
| Q3 25 | $0.44 | $-0.37 | ||
| Q2 25 | $0.49 | $-0.41 | ||
| Q1 25 | $0.25 | $-0.32 | ||
| Q4 24 | $0.56 | $-0.32 | ||
| Q3 24 | $0.34 | $-0.37 | ||
| Q2 24 | $0.37 | $-0.32 |
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 | $122.7M | $3.1B |
| 总债务越低越好 | $750.4M | $1.2B |
| 股东权益账面价值 | $608.6M | $394.5M |
| 总资产 | $2.0B | $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CHEFRBLX
| Q1 26 | $122.7M | — | ||
| Q4 25 | $121.0M | $3.1B | ||
| Q3 25 | $65.1M | $2.9B | ||
| Q2 25 | $96.9M | $2.6B | ||
| Q1 25 | $116.5M | $2.7B | ||
| Q4 24 | $114.7M | $2.4B | ||
| Q3 24 | $50.7M | $2.3B | ||
| Q2 24 | $38.3M | $2.4B |
总债务CHEFRBLX
| Q1 26 | $750.4M | — | ||
| Q4 25 | $720.3M | $1.2B | ||
| Q3 25 | $711.7M | — | ||
| Q2 25 | $690.2M | — | ||
| Q1 25 | $681.1M | — | ||
| Q4 24 | $688.7M | $1.2B | ||
| Q3 24 | $666.6M | — | ||
| Q2 24 | $660.8M | — |
股东权益CHEFRBLX
| Q1 26 | $608.6M | — | ||
| Q4 25 | $604.3M | $394.5M | ||
| Q3 25 | $576.6M | $407.6M | ||
| Q2 25 | $557.7M | $353.2M | ||
| Q1 25 | $541.6M | $310.7M | ||
| Q4 24 | $537.6M | $221.4M | ||
| Q3 24 | $480.3M | $189.9M | ||
| Q2 24 | $461.9M | $121.5M |
总资产CHEFRBLX
| Q1 26 | $2.0B | — | ||
| Q4 25 | $2.0B | $9.6B | ||
| Q3 25 | $1.9B | $8.6B | ||
| Q2 25 | $1.9B | $7.8B | ||
| Q1 25 | $1.8B | $7.5B | ||
| Q4 24 | $1.9B | $7.2B | ||
| Q3 24 | $1.8B | $6.7B | ||
| Q2 24 | $1.7B | $6.5B |
负债/权益比CHEFRBLX
| Q1 26 | 1.23× | — | ||
| Q4 25 | 1.19× | 2.98× | ||
| Q3 25 | 1.23× | — | ||
| Q2 25 | 1.24× | — | ||
| Q1 25 | 1.26× | — | ||
| Q4 24 | 1.28× | 5.48× | ||
| Q3 24 | 1.39× | — | ||
| Q2 24 | 1.43× | — |
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 | $38.3M | $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 | 0.7% | 21.1% |
| 现金转化率经营现金流/净利润 | 2.20× | — |
| 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CHEFRBLX
| Q1 26 | $38.3M | — | ||
| Q4 25 | $73.9M | $607.0M | ||
| Q3 25 | $-8.7M | $546.2M | ||
| Q2 25 | $14.5M | $199.3M | ||
| Q1 25 | $49.6M | $443.9M | ||
| Q4 24 | $73.0M | $184.5M | ||
| Q3 24 | $19.8M | $247.4M | ||
| Q2 24 | $29.3M | $151.4M |
自由现金流CHEFRBLX
| Q1 26 | — | — | ||
| Q4 25 | $65.8M | $308.6M | ||
| Q3 25 | $-19.7M | $443.6M | ||
| Q2 25 | $4.5M | $176.7M | ||
| Q1 25 | $37.2M | $426.5M | ||
| Q4 24 | $64.6M | $120.6M | ||
| Q3 24 | $11.8M | $218.0M | ||
| Q2 24 | $13.3M | $111.7M |
自由现金流率CHEFRBLX
| Q1 26 | — | — | ||
| Q4 25 | 5.8% | 21.8% | ||
| Q3 25 | -1.9% | 32.6% | ||
| Q2 25 | 0.4% | 16.3% | ||
| Q1 25 | 3.9% | 41.2% | ||
| Q4 24 | 6.3% | 12.2% | ||
| Q3 24 | 1.3% | 23.7% | ||
| Q2 24 | 1.4% | 12.5% |
资本支出强度CHEFRBLX
| Q1 26 | 0.7% | — | ||
| Q4 25 | 0.7% | 21.1% | ||
| Q3 25 | 1.1% | 7.5% | ||
| Q2 25 | 1.0% | 2.1% | ||
| Q1 25 | 1.3% | 1.7% | ||
| Q4 24 | 0.8% | 6.5% | ||
| Q3 24 | 0.9% | 3.2% | ||
| Q2 24 | 1.7% | 4.4% |
现金转化率CHEFRBLX
| Q1 26 | 2.20× | — | ||
| Q4 25 | 3.41× | — | ||
| Q3 25 | -0.46× | — | ||
| Q2 25 | 0.68× | — | ||
| Q1 25 | 4.82× | — | ||
| Q4 24 | 3.05× | — | ||
| Q3 24 | 1.41× | — | ||
| Q2 24 | 1.89× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
