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Calumet, Inc.（CLMT）与ROKU, INC（ROKU）财务数据对比。点击上方公司名可切换其他公司
ROKU, INC的季度营收约是Calumet, Inc.的1.2倍（$1.2B vs $1.0B），ROKU, INC净利率更高（-2.2% vs -3.6%，领先1.4%），ROKU, INC自由现金流更多（$298.4M vs $103.8M）
Calumet是总部位于美国的特种产品企业，专注于生产和分销高价值碳氢化合物与特种化学品，产品覆盖特种油、润滑剂、蜡制品及可再生燃料解决方案，服务北美及全球的工业、消费、交通等下游领域。
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。
CLMT vs ROKU — 直观对比
营收规模更大
ROKU
是对方的1.2倍
$1.0B
净利率更高
ROKU
高出1.4%
-3.6%
自由现金流更多
ROKU
多$194.6M
$103.8M
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.0B | $1.2B |
| 净利润 | $-37.3M | $-27.4M |
| 毛利率 | -0.3% | 35.6% |
| 营业利润率 | -6.2% | 59.7% |
| 净利率 | -3.6% | -2.2% |
| 营收同比 | — | -18.3% |
| 净利润同比 | — | -361.0% |
| 每股收益（稀释后） | $-0.43 | $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CLMTROKU
| Q1 26 | — | $1.2B | ||
| Q4 25 | $1.0B | $1.4B | ||
| Q3 25 | $1.1B | $1.2B | ||
| Q2 25 | $1.0B | $1.1B | ||
| Q1 25 | $993.9M | $1.0B | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | $1.1B | $1.1B | ||
| Q2 24 | $1.1B | $968.2M |
净利润CLMTROKU
| Q1 26 | — | $-27.4M | ||
| Q4 25 | $-37.3M | $80.5M | ||
| Q3 25 | $313.4M | $24.8M | ||
| Q2 25 | $-147.9M | $10.5M | ||
| Q1 25 | $-162.0M | $-27.4M | ||
| Q4 24 | — | $-35.5M | ||
| Q3 24 | $-100.6M | $-9.0M | ||
| Q2 24 | $-39.1M | $-34.0M |
毛利率CLMTROKU
| Q1 26 | — | 35.6% | ||
| Q4 25 | -0.3% | 43.5% | ||
| Q3 25 | 34.7% | 43.4% | ||
| Q2 25 | -4.2% | 44.8% | ||
| Q1 25 | -8.2% | 43.6% | ||
| Q4 24 | — | 42.7% | ||
| Q3 24 | 0.4% | 45.2% | ||
| Q2 24 | 5.6% | 43.9% |
营业利润率CLMTROKU
| Q1 26 | — | 59.7% | ||
| Q4 25 | -6.2% | 4.7% | ||
| Q3 25 | 30.0% | 0.8% | ||
| Q2 25 | -9.8% | -2.1% | ||
| Q1 25 | -4.9% | -5.7% | ||
| Q4 24 | — | -3.3% | ||
| Q3 24 | -5.2% | -3.4% | ||
| Q2 24 | 0.5% | -7.4% |
净利率CLMTROKU
| Q1 26 | — | -2.2% | ||
| Q4 25 | -3.6% | 5.8% | ||
| Q3 25 | 29.1% | 2.0% | ||
| Q2 25 | -14.4% | 0.9% | ||
| Q1 25 | -16.3% | -2.7% | ||
| Q4 24 | — | -3.0% | ||
| Q3 24 | -9.1% | -0.9% | ||
| Q2 24 | -3.4% | -3.5% |
每股收益（稀释后）CLMTROKU
| Q1 26 | — | $0.57 | ||
| Q4 25 | $-0.43 | $0.55 | ||
| Q3 25 | $3.61 | $0.16 | ||
| Q2 25 | $-1.70 | $0.07 | ||
| Q1 25 | $-1.87 | $-0.19 | ||
| Q4 24 | — | $-0.24 | ||
| Q3 24 | $-1.18 | $-0.06 | ||
| Q2 24 | $-0.48 | $-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 | $125.1M | $2.4B |
| 总债务越低越好 | $2.1B | — |
| 股东权益账面价值 | $-732.7M | $2.7B |
| 总资产 | $2.7B | $4.4B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资CLMTROKU
| Q1 26 | — | $2.4B | ||
| Q4 25 | $125.1M | $2.3B | ||
| Q3 25 | $94.6M | $2.3B | ||
| Q2 25 | $110.6M | $2.3B | ||
| Q1 25 | $123.4M | $2.3B | ||
| Q4 24 | — | $2.2B | ||
| Q3 24 | $34.6M | $2.1B | ||
| Q2 24 | $7.0M | $2.1B |
总债务CLMTROKU
| Q1 26 | — | — | ||
| Q4 25 | $2.1B | — | ||
| Q3 25 | $2.1B | — | ||
| Q2 25 | $2.1B | — | ||
| Q1 25 | $2.3B | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $1.7B | — | ||
| Q2 24 | — | — |
股东权益CLMTROKU
| Q1 26 | — | $2.7B | ||
| Q4 25 | $-732.7M | $2.7B | ||
| Q3 25 | $-695.3M | $2.6B | ||
| Q2 25 | $-1.0B | $2.6B | ||
| Q1 25 | $-862.3M | $2.5B | ||
| Q4 24 | — | $2.5B | ||
| Q3 24 | $-672.2M | $2.5B | ||
| Q2 24 | $-566.4M | $2.4B |
总资产CLMTROKU
| Q1 26 | — | $4.4B | ||
| Q4 25 | $2.7B | $4.4B | ||
| Q3 25 | $2.7B | $4.4B | ||
| Q2 25 | $2.8B | $4.3B | ||
| Q1 25 | $2.8B | $4.2B | ||
| Q4 24 | — | $4.3B | ||
| Q3 24 | $2.6B | $4.3B | ||
| Q2 24 | $100 | $4.1B |
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 | $116.5M | $199.1M |
| 自由现金流经营现金流 - 资本支出 | $103.8M | $298.4M |
| 自由现金流率自由现金流/营收 | 10.0% | 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 | — | — |
| 过去12个月自由现金流最近4个季度 | $56.6M | $640.0M |
8季度趋势，按日历期对齐
经营现金流CLMTROKU
| Q1 26 | — | $199.1M | ||
| Q4 25 | $116.5M | $107.7M | ||
| Q3 25 | $23.5M | $127.6M | ||
| Q2 25 | $-1.8M | $109.7M | ||
| Q1 25 | $-29.3M | $138.7M | ||
| Q4 24 | — | $79.3M | ||
| Q3 24 | $-15.5M | $68.7M | ||
| Q2 24 | — | $23.4M |
自由现金流CLMTROKU
| Q1 26 | — | $298.4M | ||
| Q4 25 | $103.8M | $106.6M | ||
| Q3 25 | $15.1M | $126.5M | ||
| Q2 25 | $-15.4M | $108.6M | ||
| Q1 25 | $-46.9M | $136.8M | ||
| Q4 24 | — | $76.8M | ||
| Q3 24 | $-32.2M | $67.6M | ||
| Q2 24 | — | $22.5M |
自由现金流率CLMTROKU
| Q1 26 | — | 23.9% | ||
| Q4 25 | 10.0% | 7.6% | ||
| Q3 25 | 1.4% | 10.4% | ||
| Q2 25 | -1.5% | 9.8% | ||
| Q1 25 | -4.7% | 13.4% | ||
| Q4 24 | — | 6.4% | ||
| Q3 24 | -2.9% | 6.4% | ||
| Q2 24 | — | 2.3% |
资本支出强度CLMTROKU
| Q1 26 | — | — | ||
| Q4 25 | 1.2% | 0.1% | ||
| Q3 25 | 0.8% | 0.1% | ||
| Q2 25 | 1.3% | 0.1% | ||
| Q1 25 | 1.8% | 0.2% | ||
| Q4 24 | — | 0.2% | ||
| Q3 24 | 1.5% | 0.1% | ||
| Q2 24 | 2.2% | 0.1% |
现金转化率CLMTROKU
| Q1 26 | — | — | ||
| Q4 25 | — | 1.34× | ||
| Q3 25 | 0.07× | 5.14× | ||
| Q2 25 | — | 10.45× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 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
CLMT
| Specialty Products And Solutions | $675.9M | 65% |
| Montana Renewables | $294.2M | 28% |
| Performance Brands | $68.5M | 7% |
ROKU
| Advertising | $612.7M | 49% |
| Subscriptions | $518.5M | 42% |
| Devices | $117.6M | 9% |
