vs
Corpay（CPAY）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Corpay的1.1倍（$1.4B vs $1.2B），Corpay净利率更高（21.2% vs -22.3%，领先43.5%），罗布乐思同比增速更快（43.2% vs 20.7%），Corpay自由现金流更多（$760.3M vs $308.6M），过去两年罗布乐思的营收复合增速更高（32.9% vs 15.5%）
Corpay总部位于美国佐治亚州亚特兰大，是专业的支付与支出管理服务提供商，旗下系统及服务可帮助客户高效管控采购、支付全流程的相关费用，核心业务覆盖车辆相关支出、住宿支出及企业支付三大领域。
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。
CPAY vs RBLX — 直观对比
营收规模更大
RBLX
是对方的1.1倍
$1.2B
营收增速更快
RBLX
高出22.5%
20.7%
净利率更高
CPAY
高出43.5%
-22.3%
自由现金流更多
CPAY
多$451.7M
$308.6M
两年增速更快
RBLX
近两年复合增速
15.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $1.4B |
| 净利润 | $264.5M | $-316.0M |
| 毛利率 | — | 77.7% |
| 营业利润率 | 45.2% | -25.3% |
| 净利率 | 21.2% | -22.3% |
| 营收同比 | 20.7% | 43.2% |
| 净利润同比 | 7.5% | -43.9% |
| 每股收益（稀释后） | $3.74 | $-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CPAYRBLX
| Q4 25 | $1.2B | $1.4B | ||
| Q3 25 | $1.2B | $1.4B | ||
| Q2 25 | $1.1B | $1.1B | ||
| Q1 25 | $1.0B | $1.0B | ||
| Q4 24 | $1.0B | $988.2M | ||
| Q3 24 | $1.0B | $919.0M | ||
| Q2 24 | $975.7M | $893.5M | ||
| Q1 24 | $935.3M | $801.3M |
净利润CPAYRBLX
| Q4 25 | $264.5M | $-316.0M | ||
| Q3 25 | $277.9M | $-255.6M | ||
| Q2 25 | $284.2M | $-278.4M | ||
| Q1 25 | $243.2M | $-215.1M | ||
| Q4 24 | $246.0M | $-219.6M | ||
| Q3 24 | $276.4M | $-239.3M | ||
| Q2 24 | $251.6M | $-205.9M | ||
| Q1 24 | $229.8M | $-270.6M |
毛利率CPAYRBLX
| 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CPAYRBLX
| Q4 25 | 45.2% | -25.3% | ||
| Q3 25 | 44.6% | -21.8% | ||
| Q2 25 | 43.5% | -29.8% | ||
| Q1 25 | 42.5% | -24.6% | ||
| Q4 24 | 47.2% | -24.7% | ||
| Q3 24 | 45.5% | -30.4% | ||
| Q2 24 | 44.4% | -26.6% | ||
| Q1 24 | 42.5% | -37.7% |
净利率CPAYRBLX
| Q4 25 | 21.2% | -22.3% | ||
| Q3 25 | 23.7% | -18.8% | ||
| Q2 25 | 25.8% | -25.8% | ||
| Q1 25 | 24.2% | -20.8% | ||
| Q4 24 | 23.8% | -22.2% | ||
| Q3 24 | 26.9% | -26.0% | ||
| Q2 24 | 25.8% | -23.0% | ||
| Q1 24 | 24.6% | -33.8% |
每股收益（稀释后）CPAYRBLX
| Q4 25 | $3.74 | $-0.44 | ||
| Q3 25 | $3.91 | $-0.37 | ||
| Q2 25 | $3.98 | $-0.41 | ||
| Q1 25 | $3.40 | $-0.32 | ||
| Q4 24 | $3.43 | $-0.32 | ||
| Q3 24 | $3.90 | $-0.37 | ||
| Q2 24 | $3.52 | $-0.32 | ||
| Q1 24 | $3.12 | $-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 | $2.4B | $3.1B |
| 总债务越低越好 | $10.0B | $1.2B |
| 股东权益账面价值 | $3.9B | $394.5M |
| 总资产 | $26.4B | $9.6B |
| 负债/权益比越低杠杆越低 | 2.58× | 2.98× |
8季度趋势，按日历期对齐
现金及短期投资CPAYRBLX
| Q4 25 | $2.4B | $3.1B | ||
| Q3 25 | $2.0B | $2.9B | ||
| Q2 25 | $2.2B | $2.6B | ||
| Q1 25 | $1.6B | $2.7B | ||
| Q4 24 | $1.6B | $2.4B | ||
| Q3 24 | $1.3B | $2.3B | ||
| Q2 24 | $1.4B | $2.4B | ||
| Q1 24 | $1.3B | $2.4B |
总债务CPAYRBLX
| Q4 25 | $10.0B | $1.2B | ||
| Q3 25 | $8.1B | — | ||
| Q2 25 | $8.1B | — | ||
| Q1 25 | $8.2B | — | ||
| Q4 24 | $8.0B | $1.2B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益CPAYRBLX
| Q4 25 | $3.9B | $394.5M | ||
| Q3 25 | $4.1B | $407.6M | ||
| Q2 25 | $3.9B | $353.2M | ||
| Q1 25 | $3.5B | $310.7M | ||
| Q4 24 | $3.1B | $221.4M | ||
| Q3 24 | $3.1B | $189.9M | ||
| Q2 24 | $2.8B | $121.5M | ||
| Q1 24 | $3.3B | $71.6M |
总资产CPAYRBLX
| Q4 25 | $26.4B | $9.6B | ||
| Q3 25 | $19.7B | $8.6B | ||
| Q2 25 | $20.4B | $7.8B | ||
| Q1 25 | $18.5B | $7.5B | ||
| Q4 24 | $18.0B | $7.2B | ||
| Q3 24 | $17.6B | $6.7B | ||
| Q2 24 | $16.2B | $6.5B | ||
| Q1 24 | $15.8B | $6.3B |
负债/权益比CPAYRBLX
| Q4 25 | 2.58× | 2.98× | ||
| Q3 25 | 1.99× | — | ||
| Q2 25 | 2.07× | — | ||
| Q1 25 | 2.37× | — | ||
| Q4 24 | 2.56× | 5.48× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 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 | $812.7M | $607.0M |
| 自由现金流经营现金流 - 资本支出 | $760.3M | $308.6M |
| 自由现金流率自由现金流/营收 | 60.9% | 21.8% |
| 资本支出强度资本支出/营收 | 4.2% | 21.1% |
| 现金转化率经营现金流/净利润 | 3.07× | — |
| 过去12个月自由现金流最近4个季度 | $1.3B | $1.4B |
8季度趋势，按日历期对齐
经营现金流CPAYRBLX
| Q4 25 | $812.7M | $607.0M | ||
| Q3 25 | $-378.9M | $546.2M | ||
| Q2 25 | $1.1B | $199.3M | ||
| Q1 25 | $-74.2M | $443.9M | ||
| Q4 24 | $648.7M | $184.5M | ||
| Q3 24 | $400.8M | $247.4M | ||
| Q2 24 | $540.9M | $151.4M | ||
| Q1 24 | $350.2M | $238.9M |
自由现金流CPAYRBLX
| Q4 25 | $760.3M | $308.6M | ||
| Q3 25 | $-429.8M | $443.6M | ||
| Q2 25 | $1.1B | $176.7M | ||
| Q1 25 | $-118.9M | $426.5M | ||
| Q4 24 | $604.6M | $120.6M | ||
| Q3 24 | $355.0M | $218.0M | ||
| Q2 24 | $496.8M | $111.7M | ||
| Q1 24 | $309.0M | $192.3M |
自由现金流率CPAYRBLX
| Q4 25 | 60.9% | 21.8% | ||
| Q3 25 | -36.7% | 32.6% | ||
| Q2 25 | 98.7% | 16.3% | ||
| Q1 25 | -11.8% | 41.2% | ||
| Q4 24 | 58.4% | 12.2% | ||
| Q3 24 | 34.5% | 23.7% | ||
| Q2 24 | 50.9% | 12.5% | ||
| Q1 24 | 33.0% | 24.0% |
资本支出强度CPAYRBLX
| Q4 25 | 4.2% | 21.1% | ||
| Q3 25 | 4.3% | 7.5% | ||
| Q2 25 | 4.8% | 2.1% | ||
| Q1 25 | 4.5% | 1.7% | ||
| Q4 24 | 4.3% | 6.5% | ||
| Q3 24 | 4.4% | 3.2% | ||
| Q2 24 | 4.5% | 4.4% | ||
| Q1 24 | 4.4% | 5.8% |
现金转化率CPAYRBLX
| Q4 25 | 3.07× | — | ||
| Q3 25 | -1.36× | — | ||
| Q2 25 | 4.01× | — | ||
| Q1 25 | -0.30× | — | ||
| Q4 24 | 2.64× | — | ||
| Q3 24 | 1.45× | — | ||
| Q2 24 | 2.15× | — | ||
| Q1 24 | 1.52× | — |
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
CPAY
| Vehicle Payments | $572.9M | 46% |
| Corporate Payments | $480.8M | 39% |
| Lodging Payments | $112.5M | 9% |
| Other Operating Segments | $82.1M | 7% |
RBLX
暂无分部数据
