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Designer Brands Inc.（DBI）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Designer Brands Inc.的1.7倍（$1.2B vs $752.4M），Designer Brands Inc.净利率更高（2.4% vs -2.2%，领先4.6%），Designer Brands Inc.同比增速更快（-3.2% vs -18.3%），ROKU, INC自由现金流更多（$298.4M vs $57.5M），过去两年ROKU, INC的营收复合增速更高（13.6% 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。
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。
DBI vs ROKU — 直观对比
营收规模更大
ROKU
是对方的1.7倍
$752.4M
营收增速更快
DBI
高出15.1%
-18.3%
净利率更高
DBI
高出4.6%
-2.2%
自由现金流更多
ROKU
多$240.9M
$57.5M
两年增速更快
ROKU
近两年复合增速
-0.1%
损益表 — Q3 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $752.4M | $1.2B |
| 净利润 | $18.2M | $-27.4M |
| 毛利率 | 45.1% | 35.6% |
| 营业利润率 | 5.7% | 59.7% |
| 净利率 | 2.4% | -2.2% |
| 营收同比 | -3.2% | -18.3% |
| 净利润同比 | 40.0% | -361.0% |
| 每股收益（稀释后） | $0.35 | $0.57 |
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DBIROKU
| Q1 26 | — | $1.2B | ||
| Q4 25 | $752.4M | $1.4B | ||
| Q3 25 | $739.8M | $1.2B | ||
| Q2 25 | $686.9M | $1.1B | ||
| Q1 25 | $713.6M | $1.0B | ||
| Q4 24 | $777.2M | $1.2B | ||
| Q3 24 | $771.9M | $1.1B | ||
| Q2 24 | $746.6M | $968.2M |
净利润DBIROKU
| Q1 26 | — | $-27.4M | ||
| Q4 25 | $18.2M | $80.5M | ||
| Q3 25 | $10.8M | $24.8M | ||
| Q2 25 | $-17.4M | $10.5M | ||
| Q1 25 | $-38.2M | $-27.4M | ||
| Q4 24 | $13.0M | $-35.5M | ||
| Q3 24 | $13.8M | $-9.0M | ||
| Q2 24 | $783.0K | $-34.0M |
毛利率DBIROKU
| Q1 26 | — | 35.6% | ||
| Q4 25 | 45.1% | 43.5% | ||
| Q3 25 | 43.7% | 43.4% | ||
| Q2 25 | 43.0% | 44.8% | ||
| Q1 25 | 75.7% | 43.6% | ||
| Q4 24 | 43.0% | 42.7% | ||
| Q3 24 | 44.0% | 45.2% | ||
| Q2 24 | 44.2% | 43.9% |
营业利润率DBIROKU
| Q1 26 | — | 59.7% | ||
| Q4 25 | 5.7% | 4.7% | ||
| Q3 25 | 3.6% | 0.8% | ||
| Q2 25 | -1.1% | -2.1% | ||
| Q1 25 | -3.6% | -5.7% | ||
| Q4 24 | 2.9% | -3.3% | ||
| Q3 24 | 3.7% | -3.4% | ||
| Q2 24 | 1.3% | -7.4% |
净利率DBIROKU
| Q1 26 | — | -2.2% | ||
| Q4 25 | 2.4% | 5.8% | ||
| Q3 25 | 1.5% | 2.0% | ||
| Q2 25 | -2.5% | 0.9% | ||
| Q1 25 | -5.3% | -2.7% | ||
| Q4 24 | 1.7% | -3.0% | ||
| Q3 24 | 1.8% | -0.9% | ||
| Q2 24 | 0.1% | -3.5% |
每股收益（稀释后）DBIROKU
| Q1 26 | — | $0.57 | ||
| Q4 25 | $0.35 | $0.55 | ||
| Q3 25 | $0.22 | $0.16 | ||
| Q2 25 | $-0.36 | $0.07 | ||
| Q1 25 | $-0.69 | $-0.19 | ||
| Q4 24 | $0.24 | $-0.24 | ||
| Q3 24 | $0.24 | $-0.06 | ||
| Q2 24 | $0.01 | $-0.24 |
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 | $2.4B |
| 总债务越低越好 | $463.1M | — |
| 股东权益账面价值 | $298.6M | $2.7B |
| 总资产 | $2.1B | $4.4B |
| 负债/权益比越低杠杆越低 | 1.55× | — |
8季度趋势，按日历期对齐
现金及短期投资DBIROKU
| Q1 26 | — | $2.4B | ||
| Q4 25 | $51.4M | $2.3B | ||
| Q3 25 | $44.9M | $2.3B | ||
| Q2 25 | $46.0M | $2.3B | ||
| Q1 25 | $44.8M | $2.3B | ||
| Q4 24 | $36.2M | $2.2B | ||
| Q3 24 | $38.8M | $2.1B | ||
| Q2 24 | $43.4M | $2.1B |
总债务DBIROKU
| Q1 26 | — | — | ||
| Q4 25 | $463.1M | — | ||
| Q3 25 | $509.6M | — | ||
| Q2 25 | $516.2M | — | ||
| Q1 25 | $484.3M | — | ||
| Q4 24 | $529.6M | — | ||
| Q3 24 | $459.0M | — | ||
| Q2 24 | $469.3M | — |
股东权益DBIROKU
| Q1 26 | — | $2.7B | ||
| Q4 25 | $298.6M | $2.7B | ||
| Q3 25 | $280.8M | $2.6B | ||
| Q2 25 | $266.9M | $2.6B | ||
| Q1 25 | $278.5M | $2.5B | ||
| Q4 24 | $318.5M | $2.5B | ||
| Q3 24 | $355.5M | $2.5B | ||
| Q2 24 | $358.5M | $2.4B |
总资产DBIROKU
| Q1 26 | — | $4.4B | ||
| Q4 25 | $2.1B | $4.4B | ||
| Q3 25 | $2.1B | $4.4B | ||
| Q2 25 | $2.1B | $4.3B | ||
| Q1 25 | $2.0B | $4.2B | ||
| Q4 24 | $2.1B | $4.3B | ||
| Q3 24 | $2.1B | $4.3B | ||
| Q2 24 | $2.2B | $4.1B |
负债/权益比DBIROKU
| Q1 26 | — | — | ||
| Q4 25 | 1.55× | — | ||
| Q3 25 | 1.81× | — | ||
| Q2 25 | 1.93× | — | ||
| Q1 25 | 1.74× | — | ||
| Q4 24 | 1.66× | — | ||
| Q3 24 | 1.29× | — | ||
| Q2 24 | 1.31× | — |
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 | $199.1M |
| 自由现金流经营现金流 - 资本支出 | $57.5M | $298.4M |
| 自由现金流率自由现金流/营收 | 7.6% | 23.9% |
| 资本支出强度资本支出/营收 | 1.2% | — |
| 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 | $640.0M |
8季度趋势，按日历期对齐
经营现金流DBIROKU
| Q1 26 | — | $199.1M | ||
| Q4 25 | $66.5M | $107.7M | ||
| Q3 25 | $21.4M | $127.6M | ||
| Q2 25 | $-20.4M | $109.7M | ||
| Q1 25 | $70.1M | $138.7M | ||
| Q4 24 | $-9.8M | $79.3M | ||
| Q3 24 | $41.6M | $68.7M | ||
| Q2 24 | $-19.7M | $23.4M |
自由现金流DBIROKU
| Q1 26 | — | $298.4M | ||
| Q4 25 | $57.5M | $106.6M | ||
| Q3 25 | $11.9M | $126.5M | ||
| Q2 25 | $-27.6M | $108.6M | ||
| Q1 25 | $58.1M | $136.8M | ||
| Q4 24 | $-19.2M | $76.8M | ||
| Q3 24 | $28.0M | $67.6M | ||
| Q2 24 | $-35.6M | $22.5M |
自由现金流率DBIROKU
| Q1 26 | — | 23.9% | ||
| Q4 25 | 7.6% | 7.6% | ||
| Q3 25 | 1.6% | 10.4% | ||
| Q2 25 | -4.0% | 9.8% | ||
| Q1 25 | 8.1% | 13.4% | ||
| Q4 24 | -2.5% | 6.4% | ||
| Q3 24 | 3.6% | 6.4% | ||
| Q2 24 | -4.8% | 2.3% |
资本支出强度DBIROKU
| Q1 26 | — | — | ||
| Q4 25 | 1.2% | 0.1% | ||
| Q3 25 | 1.3% | 0.1% | ||
| Q2 25 | 1.1% | 0.1% | ||
| Q1 25 | 1.7% | 0.2% | ||
| Q4 24 | 1.2% | 0.2% | ||
| Q3 24 | 1.8% | 0.1% | ||
| Q2 24 | 2.1% | 0.1% |
现金转化率DBIROKU
| Q1 26 | — | — | ||
| Q4 25 | 3.65× | 1.34× | ||
| Q3 25 | 1.98× | 5.14× | ||
| Q2 25 | — | 10.45× | ||
| Q1 25 | — | — | ||
| Q4 24 | -0.75× | — | ||
| Q3 24 | 3.01× | — | ||
| Q2 24 | -25.13× | — |
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% |
ROKU
| Advertising | $612.7M | 49% |
| Subscriptions | $518.5M | 42% |
| Devices | $117.6M | 9% |
