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COHERENT CORP.（COHR）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
COHERENT CORP.的季度营收约是罗布乐思的1.2倍（$1.7B vs $1.4B），COHERENT CORP.净利率更高（8.7% vs -22.3%，领先31.0%），罗布乐思同比增速更快（43.2% vs 17.5%），罗布乐思自由现金流更多（$308.6M vs $-95.7M），过去两年罗布乐思的营收复合增速更高（32.9% vs 18.1%）
Coherent Corp.是美国专业光学材料与半导体生产商，2023年全球员工规模达26622人。2022年原II-VI公司收购激光制造商Coherent, Inc.后更名为现名，产品广泛应用于通信、工业、医疗等众多领域。
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。
COHR vs RBLX — 直观对比
营收规模更大
COHR
是对方的1.2倍
$1.4B
营收增速更快
RBLX
高出25.7%
17.5%
净利率更高
COHR
高出31.0%
-22.3%
自由现金流更多
RBLX
多$404.3M
$-95.7M
两年增速更快
RBLX
近两年复合增速
18.1%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.7B | $1.4B |
| 净利润 | $146.7M | $-316.0M |
| 毛利率 | 36.9% | 77.7% |
| 营业利润率 | 10.0% | -25.3% |
| 净利率 | 8.7% | -22.3% |
| 营收同比 | 17.5% | 43.2% |
| 净利润同比 | 41.9% | -43.9% |
| 每股收益（稀释后） | $0.76 | $-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COHRRBLX
| Q4 25 | $1.7B | $1.4B | ||
| Q3 25 | $1.6B | $1.4B | ||
| Q2 25 | $1.5B | $1.1B | ||
| Q1 25 | $1.5B | $1.0B | ||
| Q4 24 | $1.4B | $988.2M | ||
| Q3 24 | $1.3B | $919.0M | ||
| Q2 24 | $1.3B | $893.5M | ||
| Q1 24 | $1.2B | $801.3M |
净利润COHRRBLX
| Q4 25 | $146.7M | $-316.0M | ||
| Q3 25 | $226.3M | $-255.6M | ||
| Q2 25 | $-95.6M | $-278.4M | ||
| Q1 25 | $15.7M | $-215.1M | ||
| Q4 24 | $103.4M | $-219.6M | ||
| Q3 24 | $25.9M | $-239.3M | ||
| Q2 24 | $-48.4M | $-205.9M | ||
| Q1 24 | $-13.2M | $-270.6M |
毛利率COHRRBLX
| Q4 25 | 36.9% | 77.7% | ||
| Q3 25 | 36.6% | 78.2% | ||
| Q2 25 | 35.7% | 78.2% | ||
| Q1 25 | 35.2% | 78.3% | ||
| Q4 24 | 35.5% | 77.9% | ||
| Q3 24 | 34.1% | 77.7% | ||
| Q2 24 | 32.9% | 77.8% | ||
| Q1 24 | 30.3% | 77.7% |
营业利润率COHRRBLX
| Q4 25 | 10.0% | -25.3% | ||
| Q3 25 | 13.7% | -21.8% | ||
| Q2 25 | -4.1% | -29.8% | ||
| Q1 25 | 0.7% | -24.6% | ||
| Q4 24 | 9.0% | -24.7% | ||
| Q3 24 | 1.4% | -30.4% | ||
| Q2 24 | 4.8% | -26.6% | ||
| Q1 24 | 1.8% | -37.7% |
净利率COHRRBLX
| Q4 25 | 8.7% | -22.3% | ||
| Q3 25 | 14.3% | -18.8% | ||
| Q2 25 | -6.3% | -25.8% | ||
| Q1 25 | 1.0% | -20.8% | ||
| Q4 24 | 7.2% | -22.2% | ||
| Q3 24 | 1.9% | -26.0% | ||
| Q2 24 | -3.7% | -23.0% | ||
| Q1 24 | -1.1% | -33.8% |
每股收益（稀释后）COHRRBLX
| Q4 25 | $0.76 | $-0.44 | ||
| Q3 25 | $1.19 | $-0.37 | ||
| Q2 25 | $-0.81 | $-0.41 | ||
| Q1 25 | $-0.11 | $-0.32 | ||
| Q4 24 | $0.44 | $-0.32 | ||
| Q3 24 | $-0.04 | $-0.37 | ||
| Q2 24 | $-0.52 | $-0.32 | ||
| Q1 24 | $-0.29 | $-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 | $863.7M | $3.1B |
| 总债务越低越好 | $3.4B | $1.2B |
| 股东权益账面价值 | $8.5B | $394.5M |
| 总资产 | $15.1B | $9.6B |
| 负债/权益比越低杠杆越低 | 0.39× | 2.98× |
8季度趋势，按日历期对齐
现金及短期投资COHRRBLX
| Q4 25 | $863.7M | $3.1B | ||
| Q3 25 | $852.8M | $2.9B | ||
| Q2 25 | $909.2M | $2.6B | ||
| Q1 25 | $890.3M | $2.7B | ||
| Q4 24 | $917.8M | $2.4B | ||
| Q3 24 | $1.0B | $2.3B | ||
| Q2 24 | $926.0M | $2.4B | ||
| Q1 24 | $898.6M | $2.4B |
总债务COHRRBLX
| Q4 25 | $3.4B | $1.2B | ||
| Q3 25 | $3.3B | — | ||
| Q2 25 | $3.7B | — | ||
| Q1 25 | $3.7B | — | ||
| Q4 24 | $3.9B | $1.2B | ||
| Q3 24 | $4.0B | — | ||
| Q2 24 | $4.1B | — | ||
| Q1 24 | $4.2B | — |
股东权益COHRRBLX
| Q4 25 | $8.5B | $394.5M | ||
| Q3 25 | $5.8B | $407.6M | ||
| Q2 25 | $5.6B | $353.2M | ||
| Q1 25 | $5.4B | $310.7M | ||
| Q4 24 | $5.2B | $221.4M | ||
| Q3 24 | $5.5B | $189.9M | ||
| Q2 24 | $5.2B | $121.5M | ||
| Q1 24 | $5.3B | $71.6M |
总资产COHRRBLX
| Q4 25 | $15.1B | $9.6B | ||
| Q3 25 | $14.7B | $8.6B | ||
| Q2 25 | $14.9B | $7.8B | ||
| Q1 25 | $14.4B | $7.5B | ||
| Q4 24 | $14.2B | $7.2B | ||
| Q3 24 | $14.7B | $6.7B | ||
| Q2 24 | $14.5B | $6.5B | ||
| Q1 24 | $14.5B | $6.3B |
负债/权益比COHRRBLX
| Q4 25 | 0.39× | 2.98× | ||
| Q3 25 | 0.57× | — | ||
| Q2 25 | 0.65× | — | ||
| Q1 25 | 0.70× | — | ||
| Q4 24 | 0.75× | 5.48× | ||
| Q3 24 | 0.73× | — | ||
| Q2 24 | 0.79× | — | ||
| Q1 24 | 0.78× | — |
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 | $57.9M | $607.0M |
| 自由现金流经营现金流 - 资本支出 | $-95.7M | $308.6M |
| 自由现金流率自由现金流/营收 | -5.7% | 21.8% |
| 资本支出强度资本支出/营收 | 9.1% | 21.1% |
| 现金转化率经营现金流/净利润 | 0.39× | — |
| 过去12个月自由现金流最近4个季度 | $-103.6M | $1.4B |
8季度趋势，按日历期对齐
经营现金流COHRRBLX
| Q4 25 | $57.9M | $607.0M | ||
| Q3 25 | $46.0M | $546.2M | ||
| Q2 25 | $130.3M | $199.3M | ||
| Q1 25 | $163.0M | $443.9M | ||
| Q4 24 | $187.4M | $184.5M | ||
| Q3 24 | $153.0M | $247.4M | ||
| Q2 24 | $162.3M | $151.4M | ||
| Q1 24 | $117.4M | $238.9M |
自由现金流COHRRBLX
| Q4 25 | $-95.7M | $308.6M | ||
| Q3 25 | $-58.0M | $443.6M | ||
| Q2 25 | $-1.1M | $176.7M | ||
| Q1 25 | $51.1M | $426.5M | ||
| Q4 24 | $81.7M | $120.6M | ||
| Q3 24 | $61.0M | $218.0M | ||
| Q2 24 | $62.4M | $111.7M | ||
| Q1 24 | $24.2M | $192.3M |
自由现金流率COHRRBLX
| Q4 25 | -5.7% | 21.8% | ||
| Q3 25 | -3.7% | 32.6% | ||
| Q2 25 | -0.1% | 16.3% | ||
| Q1 25 | 3.4% | 41.2% | ||
| Q4 24 | 5.7% | 12.2% | ||
| Q3 24 | 4.5% | 23.7% | ||
| Q2 24 | 4.7% | 12.5% | ||
| Q1 24 | 2.0% | 24.0% |
资本支出强度COHRRBLX
| Q4 25 | 9.1% | 21.1% | ||
| Q3 25 | 6.6% | 7.5% | ||
| Q2 25 | 8.6% | 2.1% | ||
| Q1 25 | 7.5% | 1.7% | ||
| Q4 24 | 7.4% | 6.5% | ||
| Q3 24 | 6.8% | 3.2% | ||
| Q2 24 | 7.6% | 4.4% | ||
| Q1 24 | 7.7% | 5.8% |
现金转化率COHRRBLX
| Q4 25 | 0.39× | — | ||
| Q3 25 | 0.20× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 10.37× | — | ||
| Q4 24 | 1.81× | — | ||
| Q3 24 | 5.91× | — | ||
| Q2 24 | — | — | ||
| Q1 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
COHR
| Datacenter And Communications Segment | $1.2B | 72% |
| Industrial Segment | $477.7M | 28% |
RBLX
暂无分部数据
