vs
PC CONNECTION INC（CNXN）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PC CONNECTION INC的2.0倍（$1.4B vs $721.9M），PC CONNECTION INC净利率更高（2.4% vs -22.3%，领先24.7%），罗布乐思同比增速更快（43.2% vs 3.0%），过去两年罗布乐思的营收复合增速更高（32.9% vs -1.0%）
PC Connection Inc.（商用名称为Connection）总部位于美国新罕布什尔州梅里马克，现有员工超2600人，在售产品超过46万种，是一家深耕IT相关产品供应与服务的企业，为不同客户群体提供多元的产品选择与配套支持。
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。
CNXN vs RBLX — 直观对比
营收规模更大
RBLX
是对方的2.0倍
$721.9M
营收增速更快
RBLX
高出40.2%
3.0%
净利率更高
CNXN
高出24.7%
-22.3%
两年增速更快
RBLX
近两年复合增速
-1.0%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $721.9M | $1.4B |
| 净利润 | $17.2M | $-316.0M |
| 毛利率 | 18.4% | 77.7% |
| 营业利润率 | 2.8% | -25.3% |
| 净利率 | 2.4% | -22.3% |
| 营收同比 | 3.0% | 43.2% |
| 净利润同比 | 27.8% | -43.9% |
| 每股收益（稀释后） | $0.68 | $-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CNXNRBLX
| Q1 26 | $721.9M | — | ||
| Q4 25 | $702.9M | $1.4B | ||
| Q3 25 | $709.1M | $1.4B | ||
| Q2 25 | $759.7M | $1.1B | ||
| Q1 25 | $701.0M | $1.0B | ||
| Q4 24 | $708.9M | $988.2M | ||
| Q3 24 | $724.7M | $919.0M | ||
| Q2 24 | $736.5M | $893.5M |
净利润CNXNRBLX
| Q1 26 | $17.2M | — | ||
| Q4 25 | $20.7M | $-316.0M | ||
| Q3 25 | $24.7M | $-255.6M | ||
| Q2 25 | $24.8M | $-278.4M | ||
| Q1 25 | $13.5M | $-215.1M | ||
| Q4 24 | $20.7M | $-219.6M | ||
| Q3 24 | $27.1M | $-239.3M | ||
| Q2 24 | $26.2M | $-205.9M |
毛利率CNXNRBLX
| Q1 26 | 18.4% | — | ||
| Q4 25 | 19.3% | 77.7% | ||
| Q3 25 | 19.6% | 78.2% | ||
| Q2 25 | 18.1% | 78.2% | ||
| Q1 25 | 18.2% | 78.3% | ||
| Q4 24 | 18.3% | 77.9% | ||
| Q3 24 | 18.7% | 77.7% | ||
| Q2 24 | 18.5% | 77.8% |
营业利润率CNXNRBLX
| Q1 26 | 2.8% | — | ||
| Q4 25 | 3.4% | -25.3% | ||
| Q3 25 | 4.3% | -21.8% | ||
| Q2 25 | 4.1% | -29.8% | ||
| Q1 25 | 2.1% | -24.6% | ||
| Q4 24 | 3.2% | -24.7% | ||
| Q3 24 | 4.1% | -30.4% | ||
| Q2 24 | 4.2% | -26.6% |
净利率CNXNRBLX
| Q1 26 | 2.4% | — | ||
| Q4 25 | 2.9% | -22.3% | ||
| Q3 25 | 3.5% | -18.8% | ||
| Q2 25 | 3.3% | -25.8% | ||
| Q1 25 | 1.9% | -20.8% | ||
| Q4 24 | 2.9% | -22.2% | ||
| Q3 24 | 3.7% | -26.0% | ||
| Q2 24 | 3.6% | -23.0% |
每股收益（稀释后）CNXNRBLX
| Q1 26 | $0.68 | — | ||
| Q4 25 | $0.82 | $-0.44 | ||
| Q3 25 | $0.97 | $-0.37 | ||
| Q2 25 | $0.97 | $-0.41 | ||
| Q1 25 | $0.51 | $-0.32 | ||
| Q4 24 | $0.78 | $-0.32 | ||
| Q3 24 | $1.02 | $-0.37 | ||
| Q2 24 | $0.99 | $-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 | $411.4M | $3.1B |
| 总债务越低越好 | — | $1.2B |
| 股东权益账面价值 | $921.7M | $394.5M |
| 总资产 | $1.4B | $9.6B |
| 负债/权益比越低杠杆越低 | — | 2.98× |
8季度趋势，按日历期对齐
现金及短期投资CNXNRBLX
| Q1 26 | $411.4M | — | ||
| Q4 25 | $406.7M | $3.1B | ||
| Q3 25 | $399.2M | $2.9B | ||
| Q2 25 | $346.1M | $2.6B | ||
| Q1 25 | $340.3M | $2.7B | ||
| Q4 24 | $442.6M | $2.4B | ||
| Q3 24 | $429.1M | $2.3B | ||
| Q2 24 | $385.8M | $2.4B |
总债务CNXNRBLX
| Q1 26 | — | — | ||
| Q4 25 | — | $1.2B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益CNXNRBLX
| Q1 26 | $921.7M | — | ||
| Q4 25 | $910.1M | $394.5M | ||
| Q3 25 | $902.7M | $407.6M | ||
| Q2 25 | $884.8M | $353.2M | ||
| Q1 25 | $877.0M | $310.7M | ||
| Q4 24 | $911.0M | $221.4M | ||
| Q3 24 | $897.4M | $189.9M | ||
| Q2 24 | $874.9M | $121.5M |
总资产CNXNRBLX
| Q1 26 | $1.4B | — | ||
| Q4 25 | $1.4B | $9.6B | ||
| Q3 25 | $1.3B | $8.6B | ||
| Q2 25 | $1.3B | $7.8B | ||
| Q1 25 | $1.2B | $7.5B | ||
| Q4 24 | $1.3B | $7.2B | ||
| Q3 24 | $1.3B | $6.7B | ||
| Q2 24 | $1.3B | $6.5B |
负债/权益比CNXNRBLX
| Q1 26 | — | — | ||
| Q4 25 | — | 2.98× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 5.48× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | — | $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 | — | — |
| 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CNXNRBLX
| Q1 26 | — | — | ||
| Q4 25 | $27.4M | $607.0M | ||
| Q3 25 | $64.1M | $546.2M | ||
| Q2 25 | $26.3M | $199.3M | ||
| Q1 25 | $-52.4M | $443.9M | ||
| Q4 24 | $25.2M | $184.5M | ||
| Q3 24 | $52.9M | $247.4M | ||
| Q2 24 | $38.4M | $151.4M |
自由现金流CNXNRBLX
| Q1 26 | — | — | ||
| Q4 25 | $25.2M | $308.6M | ||
| Q3 25 | $62.3M | $443.6M | ||
| Q2 25 | $24.6M | $176.7M | ||
| Q1 25 | $-54.1M | $426.5M | ||
| Q4 24 | $22.9M | $120.6M | ||
| Q3 24 | $51.2M | $218.0M | ||
| Q2 24 | $36.6M | $111.7M |
自由现金流率CNXNRBLX
| Q1 26 | — | — | ||
| Q4 25 | 3.6% | 21.8% | ||
| Q3 25 | 8.8% | 32.6% | ||
| Q2 25 | 3.2% | 16.3% | ||
| Q1 25 | -7.7% | 41.2% | ||
| Q4 24 | 3.2% | 12.2% | ||
| Q3 24 | 7.1% | 23.7% | ||
| Q2 24 | 5.0% | 12.5% |
资本支出强度CNXNRBLX
| Q1 26 | — | — | ||
| Q4 25 | 0.3% | 21.1% | ||
| Q3 25 | 0.3% | 7.5% | ||
| Q2 25 | 0.2% | 2.1% | ||
| Q1 25 | 0.2% | 1.7% | ||
| Q4 24 | 0.3% | 6.5% | ||
| Q3 24 | 0.2% | 3.2% | ||
| Q2 24 | 0.2% | 4.4% |
现金转化率CNXNRBLX
| Q1 26 | — | — | ||
| Q4 25 | 1.32× | — | ||
| Q3 25 | 2.59× | — | ||
| Q2 25 | 1.06× | — | ||
| Q1 25 | -3.89× | — | ||
| Q4 24 | 1.22× | — | ||
| Q3 24 | 1.96× | — | ||
| Q2 24 | 1.47× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
