vs
Corpay（CPAY）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Corpay的1.1倍（$1.4B vs $1.2B），Corpay净利率更高（21.2% vs 5.8%，领先15.4%），Corpay同比增速更快（20.7% vs 16.1%），Corpay自由现金流更多（$760.3M vs $106.6M），过去两年ROKU, INC的营收复合增速更高（25.8% 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。
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。
CPAY vs ROKU — 直观对比
营收规模更大
ROKU
是对方的1.1倍
$1.2B
营收增速更快
CPAY
高出4.5%
16.1%
净利率更高
CPAY
高出15.4%
5.8%
自由现金流更多
CPAY
多$653.7M
$106.6M
两年增速更快
ROKU
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 | $80.5M |
| 毛利率 | — | 43.5% |
| 营业利润率 | 45.2% | 4.7% |
| 净利率 | 21.2% | 5.8% |
| 营收同比 | 20.7% | 16.1% |
| 净利润同比 | 7.5% | 326.4% |
| 每股收益（稀释后） | $3.74 | $0.55 |
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CPAYROKU
| Q4 25 | $1.2B | $1.4B | ||
| Q3 25 | $1.2B | $1.2B | ||
| Q2 25 | $1.1B | $1.1B | ||
| Q1 25 | $1.0B | $1.0B | ||
| Q4 24 | $1.0B | $1.2B | ||
| Q3 24 | $1.0B | $1.1B | ||
| Q2 24 | $975.7M | $968.2M | ||
| Q1 24 | $935.3M | $881.5M |
净利润CPAYROKU
| Q4 25 | $264.5M | $80.5M | ||
| Q3 25 | $277.9M | $24.8M | ||
| Q2 25 | $284.2M | $10.5M | ||
| Q1 25 | $243.2M | $-27.4M | ||
| Q4 24 | $246.0M | $-35.5M | ||
| Q3 24 | $276.4M | $-9.0M | ||
| Q2 24 | $251.6M | $-34.0M | ||
| Q1 24 | $229.8M | $-50.9M |
毛利率CPAYROKU
| Q4 25 | — | 43.5% | ||
| Q3 25 | — | 43.4% | ||
| Q2 25 | — | 44.8% | ||
| Q1 25 | — | 43.6% | ||
| Q4 24 | — | 42.7% | ||
| Q3 24 | — | 45.2% | ||
| Q2 24 | — | 43.9% | ||
| Q1 24 | — | 44.1% |
营业利润率CPAYROKU
| Q4 25 | 45.2% | 4.7% | ||
| Q3 25 | 44.6% | 0.8% | ||
| Q2 25 | 43.5% | -2.1% | ||
| Q1 25 | 42.5% | -5.7% | ||
| Q4 24 | 47.2% | -3.3% | ||
| Q3 24 | 45.5% | -3.4% | ||
| Q2 24 | 44.4% | -7.4% | ||
| Q1 24 | 42.5% | -8.2% |
净利率CPAYROKU
| Q4 25 | 21.2% | 5.8% | ||
| Q3 25 | 23.7% | 2.0% | ||
| Q2 25 | 25.8% | 0.9% | ||
| Q1 25 | 24.2% | -2.7% | ||
| Q4 24 | 23.8% | -3.0% | ||
| Q3 24 | 26.9% | -0.9% | ||
| Q2 24 | 25.8% | -3.5% | ||
| Q1 24 | 24.6% | -5.8% |
每股收益（稀释后）CPAYROKU
| Q4 25 | $3.74 | $0.55 | ||
| Q3 25 | $3.91 | $0.16 | ||
| Q2 25 | $3.98 | $0.07 | ||
| Q1 25 | $3.40 | $-0.19 | ||
| Q4 24 | $3.43 | $-0.24 | ||
| Q3 24 | $3.90 | $-0.06 | ||
| Q2 24 | $3.52 | $-0.24 | ||
| Q1 24 | $3.12 | $-0.35 |
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 | $2.3B |
| 总债务越低越好 | $10.0B | — |
| 股东权益账面价值 | $3.9B | $2.7B |
| 总资产 | $26.4B | $4.4B |
| 负债/权益比越低杠杆越低 | 2.58× | — |
8季度趋势，按日历期对齐
现金及短期投资CPAYROKU
| Q4 25 | $2.4B | $2.3B | ||
| Q3 25 | $2.0B | $2.3B | ||
| Q2 25 | $2.2B | $2.3B | ||
| Q1 25 | $1.6B | $2.3B | ||
| Q4 24 | $1.6B | $2.2B | ||
| Q3 24 | $1.3B | $2.1B | ||
| Q2 24 | $1.4B | $2.1B | ||
| Q1 24 | $1.3B | $2.1B |
总债务CPAYROKU
| Q4 25 | $10.0B | — | ||
| Q3 25 | $8.1B | — | ||
| Q2 25 | $8.1B | — | ||
| Q1 25 | $8.2B | — | ||
| Q4 24 | $8.0B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益CPAYROKU
| Q4 25 | $3.9B | $2.7B | ||
| Q3 25 | $4.1B | $2.6B | ||
| Q2 25 | $3.9B | $2.6B | ||
| Q1 25 | $3.5B | $2.5B | ||
| Q4 24 | $3.1B | $2.5B | ||
| Q3 24 | $3.1B | $2.5B | ||
| Q2 24 | $2.8B | $2.4B | ||
| Q1 24 | $3.3B | $2.4B |
总资产CPAYROKU
| Q4 25 | $26.4B | $4.4B | ||
| Q3 25 | $19.7B | $4.4B | ||
| Q2 25 | $20.4B | $4.3B | ||
| Q1 25 | $18.5B | $4.2B | ||
| Q4 24 | $18.0B | $4.3B | ||
| Q3 24 | $17.6B | $4.3B | ||
| Q2 24 | $16.2B | $4.1B | ||
| Q1 24 | $15.8B | $4.2B |
负债/权益比CPAYROKU
| Q4 25 | 2.58× | — | ||
| Q3 25 | 1.99× | — | ||
| Q2 25 | 2.07× | — | ||
| Q1 25 | 2.37× | — | ||
| Q4 24 | 2.56× | — | ||
| 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 | $107.7M |
| 自由现金流经营现金流 - 资本支出 | $760.3M | $106.6M |
| 自由现金流率自由现金流/营收 | 60.9% | 7.6% |
| 资本支出强度资本支出/营收 | 4.2% | 0.1% |
| 现金转化率经营现金流/净利润 | 3.07× | 1.34× |
| 过去12个月自由现金流最近4个季度 | $1.3B | $478.4M |
8季度趋势，按日历期对齐
经营现金流CPAYROKU
| Q4 25 | $812.7M | $107.7M | ||
| Q3 25 | $-378.9M | $127.6M | ||
| Q2 25 | $1.1B | $109.7M | ||
| Q1 25 | $-74.2M | $138.7M | ||
| Q4 24 | $648.7M | $79.3M | ||
| Q3 24 | $400.8M | $68.7M | ||
| Q2 24 | $540.9M | $23.4M | ||
| Q1 24 | $350.2M | $46.7M |
自由现金流CPAYROKU
| Q4 25 | $760.3M | $106.6M | ||
| Q3 25 | $-429.8M | $126.5M | ||
| Q2 25 | $1.1B | $108.6M | ||
| Q1 25 | $-118.9M | $136.8M | ||
| Q4 24 | $604.6M | $76.8M | ||
| Q3 24 | $355.0M | $67.6M | ||
| Q2 24 | $496.8M | $22.5M | ||
| Q1 24 | $309.0M | $46.0M |
自由现金流率CPAYROKU
| Q4 25 | 60.9% | 7.6% | ||
| Q3 25 | -36.7% | 10.4% | ||
| Q2 25 | 98.7% | 9.8% | ||
| Q1 25 | -11.8% | 13.4% | ||
| Q4 24 | 58.4% | 6.4% | ||
| Q3 24 | 34.5% | 6.4% | ||
| Q2 24 | 50.9% | 2.3% | ||
| Q1 24 | 33.0% | 5.2% |
资本支出强度CPAYROKU
| Q4 25 | 4.2% | 0.1% | ||
| Q3 25 | 4.3% | 0.1% | ||
| Q2 25 | 4.8% | 0.1% | ||
| Q1 25 | 4.5% | 0.2% | ||
| Q4 24 | 4.3% | 0.2% | ||
| Q3 24 | 4.4% | 0.1% | ||
| Q2 24 | 4.5% | 0.1% | ||
| Q1 24 | 4.4% | 0.1% |
现金转化率CPAYROKU
| Q4 25 | 3.07× | 1.34× | ||
| Q3 25 | -1.36× | 5.14× | ||
| Q2 25 | 4.01× | 10.45× | ||
| 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% |
ROKU
| Services | $1.2B | 88% |
| Products | $170.9M | 12% |
