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Designer Brands Inc.（DBI）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Designer Brands Inc.的1.9倍（$1.4B vs $752.4M），Designer Brands Inc.净利率更高（2.4% vs -22.3%，领先24.8%），罗布乐思同比增速更快（43.2% vs -3.2%），罗布乐思自由现金流更多（$308.6M vs $57.5M），过去两年罗布乐思的营收复合增速更高（32.9% vs -0.1%）
Designer Brands Inc.是一家美国鞋履及时尚配饰零售商，主打销售设计师品牌与知名品牌商品，旗下拥有知名连锁零售品牌DSW（设计师鞋履仓库），目前在美国经营超过500家线下门店，同时运营线上电商平台。
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。
DBI vs RBLX — 直观对比
营收规模更大
RBLX
是对方的1.9倍
$752.4M
营收增速更快
RBLX
高出46.4%
-3.2%
净利率更高
DBI
高出24.8%
-22.3%
自由现金流更多
RBLX
多$251.1M
$57.5M
两年增速更快
RBLX
近两年复合增速
-0.1%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $752.4M | $1.4B |
| 净利润 | $18.2M | $-316.0M |
| 毛利率 | 45.1% | 77.7% |
| 营业利润率 | 5.7% | -25.3% |
| 净利率 | 2.4% | -22.3% |
| 营收同比 | -3.2% | 43.2% |
| 净利润同比 | 40.0% | -43.9% |
| 每股收益（稀释后） | $0.35 | $-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DBIRBLX
| Q4 25 | $752.4M | $1.4B | ||
| Q3 25 | $739.8M | $1.4B | ||
| Q2 25 | $686.9M | $1.1B | ||
| Q1 25 | $713.6M | $1.0B | ||
| Q4 24 | $777.2M | $988.2M | ||
| Q3 24 | $771.9M | $919.0M | ||
| Q2 24 | $746.6M | $893.5M | ||
| Q1 24 | $754.3M | $801.3M |
净利润DBIRBLX
| Q4 25 | $18.2M | $-316.0M | ||
| Q3 25 | $10.8M | $-255.6M | ||
| Q2 25 | $-17.4M | $-278.4M | ||
| Q1 25 | $-38.2M | $-215.1M | ||
| Q4 24 | $13.0M | $-219.6M | ||
| Q3 24 | $13.8M | $-239.3M | ||
| Q2 24 | $783.0K | $-205.9M | ||
| Q1 24 | $-29.6M | $-270.6M |
毛利率DBIRBLX
| Q4 25 | 45.1% | 77.7% | ||
| Q3 25 | 43.7% | 78.2% | ||
| Q2 25 | 43.0% | 78.2% | ||
| Q1 25 | 75.7% | 78.3% | ||
| Q4 24 | 43.0% | 77.9% | ||
| Q3 24 | 44.0% | 77.7% | ||
| Q2 24 | 44.2% | 77.8% | ||
| Q1 24 | 38.8% | 77.7% |
营业利润率DBIRBLX
| Q4 25 | 5.7% | -25.3% | ||
| Q3 25 | 3.6% | -21.8% | ||
| Q2 25 | -1.1% | -29.8% | ||
| Q1 25 | -3.6% | -24.6% | ||
| Q4 24 | 2.9% | -24.7% | ||
| Q3 24 | 3.7% | -30.4% | ||
| Q2 24 | 1.3% | -26.6% | ||
| Q1 24 | -4.8% | -37.7% |
净利率DBIRBLX
| Q4 25 | 2.4% | -22.3% | ||
| Q3 25 | 1.5% | -18.8% | ||
| Q2 25 | -2.5% | -25.8% | ||
| Q1 25 | -5.3% | -20.8% | ||
| Q4 24 | 1.7% | -22.2% | ||
| Q3 24 | 1.8% | -26.0% | ||
| Q2 24 | 0.1% | -23.0% | ||
| Q1 24 | -3.9% | -33.8% |
每股收益（稀释后）DBIRBLX
| Q4 25 | $0.35 | $-0.44 | ||
| Q3 25 | $0.22 | $-0.37 | ||
| Q2 25 | $-0.36 | $-0.41 | ||
| Q1 25 | $-0.69 | $-0.32 | ||
| Q4 24 | $0.24 | $-0.32 | ||
| Q3 24 | $0.24 | $-0.37 | ||
| Q2 24 | $0.01 | $-0.32 | ||
| Q1 24 | $-899.54 | $-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 | $51.4M | $3.1B |
| 总债务越低越好 | $463.1M | $1.2B |
| 股东权益账面价值 | $298.6M | $394.5M |
| 总资产 | $2.1B | $9.6B |
| 负债/权益比越低杠杆越低 | 1.55× | 2.98× |
8季度趋势，按日历期对齐
现金及短期投资DBIRBLX
| Q4 25 | $51.4M | $3.1B | ||
| Q3 25 | $44.9M | $2.9B | ||
| Q2 25 | $46.0M | $2.6B | ||
| Q1 25 | $44.8M | $2.7B | ||
| Q4 24 | $36.2M | $2.4B | ||
| Q3 24 | $38.8M | $2.3B | ||
| Q2 24 | $43.4M | $2.4B | ||
| Q1 24 | $49.2M | $2.4B |
总债务DBIRBLX
| Q4 25 | $463.1M | $1.2B | ||
| Q3 25 | $509.6M | — | ||
| Q2 25 | $516.2M | — | ||
| Q1 25 | $484.3M | — | ||
| Q4 24 | $529.6M | $1.2B | ||
| Q3 24 | $459.0M | — | ||
| Q2 24 | $469.3M | — | ||
| Q1 24 | $420.3M | — |
股东权益DBIRBLX
| Q4 25 | $298.6M | $394.5M | ||
| Q3 25 | $280.8M | $407.6M | ||
| Q2 25 | $266.9M | $353.2M | ||
| Q1 25 | $278.5M | $310.7M | ||
| Q4 24 | $318.5M | $221.4M | ||
| Q3 24 | $355.5M | $189.9M | ||
| Q2 24 | $358.5M | $121.5M | ||
| Q1 24 | $359.2M | $71.6M |
总资产DBIRBLX
| Q4 25 | $2.1B | $9.6B | ||
| Q3 25 | $2.1B | $8.6B | ||
| Q2 25 | $2.1B | $7.8B | ||
| Q1 25 | $2.0B | $7.5B | ||
| Q4 24 | $2.1B | $7.2B | ||
| Q3 24 | $2.1B | $6.7B | ||
| Q2 24 | $2.2B | $6.5B | ||
| Q1 24 | $2.1B | $6.3B |
负债/权益比DBIRBLX
| Q4 25 | 1.55× | 2.98× | ||
| Q3 25 | 1.81× | — | ||
| Q2 25 | 1.93× | — | ||
| Q1 25 | 1.74× | — | ||
| Q4 24 | 1.66× | 5.48× | ||
| Q3 24 | 1.29× | — | ||
| Q2 24 | 1.31× | — | ||
| Q1 24 | 1.17× | — |
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 | $66.5M | $607.0M |
| 自由现金流经营现金流 - 资本支出 | $57.5M | $308.6M |
| 自由现金流率自由现金流/营收 | 7.6% | 21.8% |
| 资本支出强度资本支出/营收 | 1.2% | 21.1% |
| 现金转化率经营现金流/净利润 | 3.65× | — |
| 过去12个月自由现金流最近4个季度 | $99.9M | $1.4B |
8季度趋势，按日历期对齐
经营现金流DBIRBLX
| Q4 25 | $66.5M | $607.0M | ||
| Q3 25 | $21.4M | $546.2M | ||
| Q2 25 | $-20.4M | $199.3M | ||
| Q1 25 | $70.1M | $443.9M | ||
| Q4 24 | $-9.8M | $184.5M | ||
| Q3 24 | $41.6M | $247.4M | ||
| Q2 24 | $-19.7M | $151.4M | ||
| Q1 24 | $-40.1M | $238.9M |
自由现金流DBIRBLX
| Q4 25 | $57.5M | $308.6M | ||
| Q3 25 | $11.9M | $443.6M | ||
| Q2 25 | $-27.6M | $176.7M | ||
| Q1 25 | $58.1M | $426.5M | ||
| Q4 24 | $-19.2M | $120.6M | ||
| Q3 24 | $28.0M | $218.0M | ||
| Q2 24 | $-35.6M | $111.7M | ||
| Q1 24 | $-52.8M | $192.3M |
自由现金流率DBIRBLX
| Q4 25 | 7.6% | 21.8% | ||
| Q3 25 | 1.6% | 32.6% | ||
| Q2 25 | -4.0% | 16.3% | ||
| Q1 25 | 8.1% | 41.2% | ||
| Q4 24 | -2.5% | 12.2% | ||
| Q3 24 | 3.6% | 23.7% | ||
| Q2 24 | -4.8% | 12.5% | ||
| Q1 24 | -7.0% | 24.0% |
资本支出强度DBIRBLX
| Q4 25 | 1.2% | 21.1% | ||
| Q3 25 | 1.3% | 7.5% | ||
| Q2 25 | 1.1% | 2.1% | ||
| Q1 25 | 1.7% | 1.7% | ||
| Q4 24 | 1.2% | 6.5% | ||
| Q3 24 | 1.8% | 3.2% | ||
| Q2 24 | 2.1% | 4.4% | ||
| Q1 24 | 1.7% | 5.8% |
现金转化率DBIRBLX
| Q4 25 | 3.65× | — | ||
| Q3 25 | 1.98× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | -0.75× | — | ||
| Q3 24 | 3.01× | — | ||
| Q2 24 | -25.13× | — | ||
| 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
DBI
| Womens | $280.7M | 37% |
| Athletic Footwear | $188.6M | 25% |
| Wholesale | $89.8M | 12% |
| Canada Retail Segment | $77.3M | 10% |
| Mens | $76.1M | 10% |
| Kids | $24.2M | 3% |
| Commission Income | $10.8M | 1% |
| Directto Consumer | $1.3M | 0% |
RBLX
暂无分部数据
