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COMERICA INC（CMA）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COMERICA INC的1.7倍（$1.4B vs $838.0M），COMERICA INC净利率更高（21.0% vs -22.3%，领先43.3%），罗布乐思同比增速更快（43.2% vs 3.3%），过去两年COMERICA INC的营收复合增速更高（108.9% vs 32.9%）
Comerica公司是总部位于美国得克萨斯州达拉斯的金融服务企业，为美国大型金融控股公司之一。旗下Comerica银行为区域性商业银行，在得克萨斯、密歇根、加利福尼亚、佛罗里达、亚利桑那五州共设413家网点，在美国多座城市设有办公场所。
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。
CMA vs RBLX — 直观对比
营收规模更大
RBLX
是对方的1.7倍
$838.0M
营收增速更快
RBLX
高出39.9%
3.3%
净利率更高
CMA
高出43.3%
-22.3%
两年增速更快
CMA
近两年复合增速
32.9%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $838.0M | $1.4B |
| 净利润 | $176.0M | $-316.0M |
| 毛利率 | — | 77.7% |
| 营业利润率 | — | -25.3% |
| 净利率 | 21.0% | -22.3% |
| 营收同比 | 3.3% | 43.2% |
| 净利润同比 | -4.3% | -43.9% |
| 每股收益（稀释后） | $1.35 | $-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CMARBLX
| Q4 25 | — | $1.4B | ||
| Q3 25 | $838.0M | $1.4B | ||
| Q2 25 | $849.0M | $1.1B | ||
| Q1 25 | $829.0M | $1.0B | ||
| Q4 24 | $825.0M | $988.2M | ||
| Q3 24 | $811.0M | $919.0M | ||
| Q2 24 | $824.0M | $893.5M | ||
| Q1 24 | $784.0M | $801.3M |
净利润CMARBLX
| Q4 25 | — | $-316.0M | ||
| Q3 25 | $176.0M | $-255.6M | ||
| Q2 25 | $199.0M | $-278.4M | ||
| Q1 25 | $172.0M | $-215.1M | ||
| Q4 24 | $170.0M | $-219.6M | ||
| Q3 24 | $184.0M | $-239.3M | ||
| Q2 24 | $206.0M | $-205.9M | ||
| Q1 24 | $138.0M | $-270.6M |
毛利率CMARBLX
| Q4 25 | — | 77.7% | ||
| Q3 25 | — | 78.2% | ||
| Q2 25 | — | 78.2% | ||
| Q1 25 | — | 78.3% | ||
| Q4 24 | — | 77.9% | ||
| Q3 24 | — | 77.7% | ||
| Q2 24 | — | 77.8% | ||
| Q1 24 | — | 77.7% |
营业利润率CMARBLX
| Q4 25 | — | -25.3% | ||
| Q3 25 | — | -21.8% | ||
| Q2 25 | — | -29.8% | ||
| Q1 25 | — | -24.6% | ||
| Q4 24 | — | -24.7% | ||
| Q3 24 | — | -30.4% | ||
| Q2 24 | — | -26.6% | ||
| Q1 24 | — | -37.7% |
净利率CMARBLX
| Q4 25 | — | -22.3% | ||
| Q3 25 | 21.0% | -18.8% | ||
| Q2 25 | 23.4% | -25.8% | ||
| Q1 25 | 20.7% | -20.8% | ||
| Q4 24 | 20.6% | -22.2% | ||
| Q3 24 | 22.7% | -26.0% | ||
| Q2 24 | 25.0% | -23.0% | ||
| Q1 24 | 17.6% | -33.8% |
每股收益（稀释后）CMARBLX
| Q4 25 | — | $-0.44 | ||
| Q3 25 | $1.35 | $-0.37 | ||
| Q2 25 | $1.42 | $-0.41 | ||
| Q1 25 | $1.25 | $-0.32 | ||
| Q4 24 | $1.22 | $-0.32 | ||
| Q3 24 | $1.33 | $-0.37 | ||
| Q2 24 | $1.49 | $-0.32 | ||
| Q1 24 | $0.98 | $-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 | — | $3.1B |
| 总债务越低越好 | $5.4B | $1.2B |
| 股东权益账面价值 | $7.4B | $394.5M |
| 总资产 | $77.4B | $9.6B |
| 负债/权益比越低杠杆越低 | 0.73× | 2.98× |
8季度趋势，按日历期对齐
现金及短期投资CMARBLX
| Q4 25 | — | $3.1B | ||
| Q3 25 | — | $2.9B | ||
| Q2 25 | — | $2.6B | ||
| Q1 25 | — | $2.7B | ||
| Q4 24 | — | $2.4B | ||
| Q3 24 | — | $2.3B | ||
| Q2 24 | — | $2.4B | ||
| Q1 24 | — | $2.4B |
总债务CMARBLX
| Q4 25 | — | $1.2B | ||
| Q3 25 | $5.4B | — | ||
| Q2 25 | $5.8B | — | ||
| Q1 25 | $5.7B | — | ||
| Q4 24 | $6.7B | $1.2B | ||
| Q3 24 | $6.8B | — | ||
| Q2 24 | $7.1B | — | ||
| Q1 24 | $7.1B | — |
股东权益CMARBLX
| Q4 25 | — | $394.5M | ||
| Q3 25 | $7.4B | $407.6M | ||
| Q2 25 | $6.9B | $353.2M | ||
| Q1 25 | $7.1B | $310.7M | ||
| Q4 24 | $6.5B | $221.4M | ||
| Q3 24 | $7.4B | $189.9M | ||
| Q2 24 | $6.2B | $121.5M | ||
| Q1 24 | $6.0B | $71.6M |
总资产CMARBLX
| Q4 25 | — | $9.6B | ||
| Q3 25 | $77.4B | $8.6B | ||
| Q2 25 | $78.0B | $7.8B | ||
| Q1 25 | $77.6B | $7.5B | ||
| Q4 24 | $79.3B | $7.2B | ||
| Q3 24 | $79.7B | $6.7B | ||
| Q2 24 | $79.6B | $6.5B | ||
| Q1 24 | $79.4B | $6.3B |
负债/权益比CMARBLX
| Q4 25 | — | 2.98× | ||
| Q3 25 | 0.73× | — | ||
| Q2 25 | 0.84× | — | ||
| Q1 25 | 0.81× | — | ||
| Q4 24 | 1.02× | 5.48× | ||
| Q3 24 | 0.92× | — | ||
| Q2 24 | 1.15× | — | ||
| Q1 24 | 1.18× | — |
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 | $-270.0M | $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 | — | 21.1% |
| 现金转化率经营现金流/净利润 | -1.53× | — |
| 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CMARBLX
| Q4 25 | — | $607.0M | ||
| Q3 25 | $-270.0M | $546.2M | ||
| Q2 25 | $476.0M | $199.3M | ||
| Q1 25 | $273.0M | $443.9M | ||
| Q4 24 | $601.0M | $184.5M | ||
| Q3 24 | $1.0B | $247.4M | ||
| Q2 24 | $111.0M | $151.4M | ||
| Q1 24 | $-205.0M | $238.9M |
自由现金流CMARBLX
| Q4 25 | — | $308.6M | ||
| Q3 25 | — | $443.6M | ||
| Q2 25 | — | $176.7M | ||
| Q1 25 | — | $426.5M | ||
| Q4 24 | — | $120.6M | ||
| Q3 24 | — | $218.0M | ||
| Q2 24 | — | $111.7M | ||
| Q1 24 | — | $192.3M |
自由现金流率CMARBLX
| Q4 25 | — | 21.8% | ||
| Q3 25 | — | 32.6% | ||
| Q2 25 | — | 16.3% | ||
| Q1 25 | — | 41.2% | ||
| Q4 24 | — | 12.2% | ||
| Q3 24 | — | 23.7% | ||
| Q2 24 | — | 12.5% | ||
| Q1 24 | — | 24.0% |
资本支出强度CMARBLX
| Q4 25 | — | 21.1% | ||
| Q3 25 | — | 7.5% | ||
| Q2 25 | — | 2.1% | ||
| Q1 25 | — | 1.7% | ||
| Q4 24 | — | 6.5% | ||
| Q3 24 | — | 3.2% | ||
| Q2 24 | — | 4.4% | ||
| Q1 24 | — | 5.8% |
现金转化率CMARBLX
| Q4 25 | — | — | ||
| Q3 25 | -1.53× | — | ||
| Q2 25 | 2.39× | — | ||
| Q1 25 | 1.59× | — | ||
| Q4 24 | 3.54× | — | ||
| Q3 24 | 5.70× | — | ||
| Q2 24 | 0.54× | — | ||
| Q1 24 | -1.49× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
