vs
杜邦（DD）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
杜邦的季度营收约是罗布乐思的1.2倍（$1.7B vs $1.4B），杜邦净利率更高（9.8% vs -22.3%，领先32.1%），罗布乐思同比增速更快（43.2% vs 4.0%），过去两年罗布乐思的营收复合增速更高（32.9% vs -27.2%）
杜邦（DuPont de Nemours, Inc.）是1802年由法裔美国化学家、实业家埃莱乌泰尔·伊雷内·杜邦创立的美国跨国化工企业，最初以火药供应为核心业务起家，在发展过程中对美国特拉华州的建设推进起到了重要作用，业务布局覆盖全球多个地区。
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。
DD vs RBLX — 直观对比
营收规模更大
DD
是对方的1.2倍
$1.4B
营收增速更快
RBLX
高出39.2%
4.0%
净利率更高
DD
高出32.1%
-22.3%
两年增速更快
RBLX
近两年复合增速
-27.2%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.7B | $1.4B |
| 净利润 | $164.0M | $-316.0M |
| 毛利率 | 35.8% | 77.7% |
| 营业利润率 | — | -25.3% |
| 净利率 | 9.8% | -22.3% |
| 营收同比 | 4.0% | 43.2% |
| 净利润同比 | — | -43.9% |
| 每股收益（稀释后） | $0.36 | $-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DDRBLX
| Q1 26 | $1.7B | — | ||
| Q4 25 | $-2.5B | $1.4B | ||
| Q3 25 | $3.1B | $1.4B | ||
| Q2 25 | $3.3B | $1.1B | ||
| Q1 25 | $3.1B | $1.0B | ||
| Q4 24 | $3.1B | $988.2M | ||
| Q3 24 | $3.2B | $919.0M | ||
| Q2 24 | $3.2B | $893.5M |
净利润DDRBLX
| Q1 26 | $164.0M | — | ||
| Q4 25 | $-126.0M | $-316.0M | ||
| Q3 25 | $-123.0M | $-255.6M | ||
| Q2 25 | $59.0M | $-278.4M | ||
| Q1 25 | $-589.0M | $-215.1M | ||
| Q4 24 | $-118.0M | $-219.6M | ||
| Q3 24 | $454.0M | $-239.3M | ||
| Q2 24 | $178.0M | $-205.9M |
毛利率DDRBLX
| Q1 26 | 35.8% | — | ||
| Q4 25 | — | 77.7% | ||
| Q3 25 | 38.9% | 78.2% | ||
| Q2 25 | 37.3% | 78.2% | ||
| Q1 25 | 37.4% | 78.3% | ||
| Q4 24 | 36.4% | 77.9% | ||
| Q3 24 | 37.4% | 77.7% | ||
| Q2 24 | 37.1% | 77.8% |
营业利润率DDRBLX
| Q1 26 | — | — | ||
| Q4 25 | — | -25.3% | ||
| Q3 25 | 10.6% | -21.8% | ||
| Q2 25 | 9.4% | -29.8% | ||
| Q1 25 | -14.0% | -24.6% | ||
| Q4 24 | 1.4% | -24.7% | ||
| Q3 24 | 18.4% | -30.4% | ||
| Q2 24 | 9.3% | -26.6% |
净利率DDRBLX
| Q1 26 | 9.8% | — | ||
| Q4 25 | 4.9% | -22.3% | ||
| Q3 25 | -4.0% | -18.8% | ||
| Q2 25 | 1.8% | -25.8% | ||
| Q1 25 | -19.2% | -20.8% | ||
| Q4 24 | -3.8% | -22.2% | ||
| Q3 24 | 14.2% | -26.0% | ||
| Q2 24 | 5.6% | -23.0% |
每股收益（稀释后）DDRBLX
| Q1 26 | $0.36 | — | ||
| Q4 25 | $-0.30 | $-0.44 | ||
| Q3 25 | $-0.29 | $-0.37 | ||
| Q2 25 | $0.14 | $-0.41 | ||
| Q1 25 | $-1.41 | $-0.32 | ||
| Q4 24 | $-0.28 | $-0.32 | ||
| Q3 24 | $1.08 | $-0.37 | ||
| Q2 24 | $0.42 | $-0.32 |
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 | $710.0M | $3.1B |
| 总债务越低越好 | $3.2B | $1.2B |
| 股东权益账面价值 | $14.2B | $394.5M |
| 总资产 | $21.4B | $9.6B |
| 负债/权益比越低杠杆越低 | 0.22× | 2.98× |
8季度趋势，按日历期对齐
现金及短期投资DDRBLX
| Q1 26 | $710.0M | — | ||
| Q4 25 | $715.0M | $3.1B | ||
| Q3 25 | $2.0B | $2.9B | ||
| Q2 25 | $1.8B | $2.6B | ||
| Q1 25 | $1.8B | $2.7B | ||
| Q4 24 | $1.9B | $2.4B | ||
| Q3 24 | $1.6B | $2.3B | ||
| Q2 24 | $1.5B | $2.4B |
总债务DDRBLX
| Q1 26 | $3.2B | — | ||
| Q4 25 | $3.1B | $1.2B | ||
| Q3 25 | $7.0B | — | ||
| Q2 25 | $5.3B | — | ||
| Q1 25 | $5.3B | — | ||
| Q4 24 | $5.3B | $1.2B | ||
| Q3 24 | $7.2B | — | ||
| Q2 24 | $7.2B | — |
股东权益DDRBLX
| Q1 26 | $14.2B | — | ||
| Q4 25 | $13.9B | $394.5M | ||
| Q3 25 | $22.9B | $407.6M | ||
| Q2 25 | $23.1B | $353.2M | ||
| Q1 25 | $22.8B | $310.7M | ||
| Q4 24 | $23.4B | $221.4M | ||
| Q3 24 | $24.2B | $189.9M | ||
| Q2 24 | $23.3B | $121.5M |
总资产DDRBLX
| Q1 26 | $21.4B | — | ||
| Q4 25 | $21.6B | $9.6B | ||
| Q3 25 | $38.0B | $8.6B | ||
| Q2 25 | $36.6B | $7.8B | ||
| Q1 25 | $36.0B | $7.5B | ||
| Q4 24 | $36.6B | $7.2B | ||
| Q3 24 | $37.5B | $6.7B | ||
| Q2 24 | $36.6B | $6.5B |
负债/权益比DDRBLX
| Q1 26 | 0.22× | — | ||
| Q4 25 | 0.23× | 2.98× | ||
| Q3 25 | 0.31× | — | ||
| Q2 25 | 0.23× | — | ||
| Q1 25 | 0.23× | — | ||
| Q4 24 | 0.23× | 5.48× | ||
| Q3 24 | 0.30× | — | ||
| Q2 24 | 0.31× | — |
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 | — | $607.0M |
| 自由现金流经营现金流 - 资本支出 | — | $308.6M |
| 自由现金流率自由现金流/营收 | — | 21.8% |
| 资本支出强度资本支出/营收 | 6.1% | 21.1% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | — | $1.4B |
8季度趋势，按日历期对齐
经营现金流DDRBLX
| Q1 26 | — | — | ||
| Q4 25 | $-700.0M | $607.0M | ||
| Q3 25 | $497.0M | $546.2M | ||
| Q2 25 | $381.0M | $199.3M | ||
| Q1 25 | $382.0M | $443.9M | ||
| Q4 24 | $564.0M | $184.5M | ||
| Q3 24 | $737.0M | $247.4M | ||
| Q2 24 | $527.0M | $151.4M |
自由现金流DDRBLX
| Q1 26 | — | — | ||
| Q4 25 | $-850.0M | $308.6M | ||
| Q3 25 | $379.0M | $443.6M | ||
| Q2 25 | $265.0M | $176.7M | ||
| Q1 25 | $133.0M | $426.5M | ||
| Q4 24 | $403.0M | $120.6M | ||
| Q3 24 | $628.0M | $218.0M | ||
| Q2 24 | $425.0M | $111.7M |
自由现金流率DDRBLX
| Q1 26 | — | — | ||
| Q4 25 | 33.4% | 21.8% | ||
| Q3 25 | 12.3% | 32.6% | ||
| Q2 25 | 8.1% | 16.3% | ||
| Q1 25 | 4.3% | 41.2% | ||
| Q4 24 | 13.0% | 12.2% | ||
| Q3 24 | 19.7% | 23.7% | ||
| Q2 24 | 13.4% | 12.5% |
资本支出强度DDRBLX
| Q1 26 | 6.1% | — | ||
| Q4 25 | -5.9% | 21.1% | ||
| Q3 25 | 3.8% | 7.5% | ||
| Q2 25 | 3.6% | 2.1% | ||
| Q1 25 | 8.1% | 1.7% | ||
| Q4 24 | 5.2% | 6.5% | ||
| Q3 24 | 3.4% | 3.2% | ||
| Q2 24 | 3.2% | 4.4% |
现金转化率DDRBLX
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 6.46× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.62× | — | ||
| Q2 24 | 2.96× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
