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Dream Finders Homes, Inc.（DFH）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Dream Finders Homes, Inc.的1.2倍（$1.4B vs $1.2B），Dream Finders Homes, Inc.净利率更高（4.8% vs -22.3%，领先27.2%），罗布乐思同比增速更快（43.2% vs -22.3%），罗布乐思自由现金流更多（$308.6M vs $136.0M），过去两年罗布乐思的营收复合增速更高（32.9% vs 21.0%）
美国住宅建筑商Dream Finders Homes主要建造并销售独栋住宅、联排别墅等覆盖入门级到高端档次的居住物业，业务布局美国多个高速增长区域，同时为购房者提供按揭融资、产权保险、房屋保修等配套服务，覆盖各类客户群体。
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。
DFH vs RBLX — 直观对比
营收规模更大
RBLX
是对方的1.2倍
$1.2B
营收增速更快
RBLX
高出65.5%
-22.3%
净利率更高
DFH
高出27.2%
-22.3%
自由现金流更多
RBLX
多$172.5M
$136.0M
两年增速更快
RBLX
近两年复合增速
21.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $1.4B |
| 净利润 | $58.8M | $-316.0M |
| 毛利率 | — | 77.7% |
| 营业利润率 | 6.4% | -25.3% |
| 净利率 | 4.8% | -22.3% |
| 营收同比 | -22.3% | 43.2% |
| 净利润同比 | -54.9% | -43.9% |
| 每股收益（稀释后） | $0.57 | $-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DFHRBLX
| Q4 25 | $1.2B | $1.4B | ||
| Q3 25 | $969.8M | $1.4B | ||
| Q2 25 | $1.2B | $1.1B | ||
| Q1 25 | $989.9M | $1.0B | ||
| Q4 24 | $1.6B | $988.2M | ||
| Q3 24 | $1.0B | $919.0M | ||
| Q2 24 | $1.1B | $893.5M | ||
| Q1 24 | $827.8M | $801.3M |
净利润DFHRBLX
| Q4 25 | $58.8M | $-316.0M | ||
| Q3 25 | $47.0M | $-255.6M | ||
| Q2 25 | $56.6M | $-278.4M | ||
| Q1 25 | $54.9M | $-215.1M | ||
| Q4 24 | $130.5M | $-219.6M | ||
| Q3 24 | $70.7M | $-239.3M | ||
| Q2 24 | $80.9M | $-205.9M | ||
| Q1 24 | $54.5M | $-270.6M |
毛利率DFHRBLX
| 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 | 19.2% | 77.8% | ||
| Q1 24 | 18.0% | 77.7% |
营业利润率DFHRBLX
| Q4 25 | 6.4% | -25.3% | ||
| Q3 25 | 6.3% | -21.8% | ||
| Q2 25 | 6.4% | -29.8% | ||
| Q1 25 | 7.2% | -24.6% | ||
| Q4 24 | 10.8% | -24.7% | ||
| Q3 24 | 9.2% | -30.4% | ||
| Q2 24 | 10.0% | -26.6% | ||
| Q1 24 | 8.6% | -37.7% |
净利率DFHRBLX
| Q4 25 | 4.8% | -22.3% | ||
| Q3 25 | 4.8% | -18.8% | ||
| Q2 25 | 4.9% | -25.8% | ||
| Q1 25 | 5.5% | -20.8% | ||
| Q4 24 | 8.4% | -22.2% | ||
| Q3 24 | 7.0% | -26.0% | ||
| Q2 24 | 7.7% | -23.0% | ||
| Q1 24 | 6.6% | -33.8% |
每股收益（稀释后）DFHRBLX
| Q4 25 | $0.57 | $-0.44 | ||
| Q3 25 | $0.47 | $-0.37 | ||
| Q2 25 | $0.56 | $-0.41 | ||
| Q1 25 | $0.54 | $-0.32 | ||
| Q4 24 | $1.28 | $-0.32 | ||
| Q3 24 | $0.70 | $-0.37 | ||
| Q2 24 | $0.81 | $-0.32 | ||
| Q1 24 | $0.55 | $-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 | $234.8M | $3.1B |
| 总债务越低越好 | $1.6B | $1.2B |
| 股东权益账面价值 | $1.4B | $394.5M |
| 总资产 | $3.7B | $9.6B |
| 负债/权益比越低杠杆越低 | 1.13× | 2.98× |
8季度趋势，按日历期对齐
现金及短期投资DFHRBLX
| Q4 25 | $234.8M | $3.1B | ||
| Q3 25 | $251.0M | $2.9B | ||
| Q2 25 | $210.3M | $2.6B | ||
| Q1 25 | $297.5M | $2.7B | ||
| Q4 24 | $274.4M | $2.4B | ||
| Q3 24 | $204.9M | $2.3B | ||
| Q2 24 | $274.8M | $2.4B | ||
| Q1 24 | $239.4M | $2.4B |
总债务DFHRBLX
| Q4 25 | $1.6B | $1.2B | ||
| Q3 25 | $1.8B | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.3B | $1.2B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益DFHRBLX
| Q4 25 | $1.4B | $394.5M | ||
| Q3 25 | $1.4B | $407.6M | ||
| Q2 25 | $1.3B | $353.2M | ||
| Q1 25 | $1.3B | $310.7M | ||
| Q4 24 | $1.2B | $221.4M | ||
| Q3 24 | $1.1B | $189.9M | ||
| Q2 24 | $1.0B | $121.5M | ||
| Q1 24 | $968.7M | $71.6M |
总资产DFHRBLX
| Q4 25 | $3.7B | $9.6B | ||
| Q3 25 | $3.8B | $8.6B | ||
| Q2 25 | $3.7B | $7.8B | ||
| Q1 25 | $3.5B | $7.5B | ||
| Q4 24 | $3.3B | $7.2B | ||
| Q3 24 | $3.3B | $6.7B | ||
| Q2 24 | $3.0B | $6.5B | ||
| Q1 24 | $2.7B | $6.3B |
负债/权益比DFHRBLX
| Q4 25 | 1.13× | 2.98× | ||
| Q3 25 | 1.29× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.03× | 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 | $143.6M | $607.0M |
| 自由现金流经营现金流 - 资本支出 | $136.0M | $308.6M |
| 自由现金流率自由现金流/营收 | 11.2% | 21.8% |
| 资本支出强度资本支出/营收 | 0.6% | 21.1% |
| 现金转化率经营现金流/净利润 | 2.44× | — |
| 过去12个月自由现金流最近4个季度 | $-126.4M | $1.4B |
8季度趋势，按日历期对齐
经营现金流DFHRBLX
| Q4 25 | $143.6M | $607.0M | ||
| Q3 25 | $-131.0M | $546.2M | ||
| Q2 25 | $-68.5M | $199.3M | ||
| Q1 25 | $-44.7M | $443.9M | ||
| Q4 24 | $306.5M | $184.5M | ||
| Q3 24 | $-205.0M | $247.4M | ||
| Q2 24 | $-110.6M | $151.4M | ||
| Q1 24 | $-247.5M | $238.9M |
自由现金流DFHRBLX
| Q4 25 | $136.0M | $308.6M | ||
| Q3 25 | $-135.7M | $443.6M | ||
| Q2 25 | $-78.8M | $176.7M | ||
| Q1 25 | $-47.9M | $426.5M | ||
| Q4 24 | $302.6M | $120.6M | ||
| Q3 24 | $-222.5M | $218.0M | ||
| Q2 24 | $-112.4M | $111.7M | ||
| Q1 24 | $-249.6M | $192.3M |
自由现金流率DFHRBLX
| Q4 25 | 11.2% | 21.8% | ||
| Q3 25 | -14.0% | 32.6% | ||
| Q2 25 | -6.8% | 16.3% | ||
| Q1 25 | -4.8% | 41.2% | ||
| Q4 24 | 19.4% | 12.2% | ||
| Q3 24 | -22.1% | 23.7% | ||
| Q2 24 | -10.6% | 12.5% | ||
| Q1 24 | -30.2% | 24.0% |
资本支出强度DFHRBLX
| Q4 25 | 0.6% | 21.1% | ||
| Q3 25 | 0.5% | 7.5% | ||
| Q2 25 | 0.9% | 2.1% | ||
| Q1 25 | 0.3% | 1.7% | ||
| Q4 24 | 0.3% | 6.5% | ||
| Q3 24 | 1.7% | 3.2% | ||
| Q2 24 | 0.2% | 4.4% | ||
| Q1 24 | 0.3% | 5.8% |
现金转化率DFHRBLX
| Q4 25 | 2.44× | — | ||
| Q3 25 | -2.79× | — | ||
| Q2 25 | -1.21× | — | ||
| Q1 25 | -0.81× | — | ||
| Q4 24 | 2.35× | — | ||
| Q3 24 | -2.90× | — | ||
| Q2 24 | -1.37× | — | ||
| Q1 24 | -4.54× | — |
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
DFH
| Midwest Segment | $454.2M | 37% |
| Southeast Segment | $397.5M | 33% |
| Mid Atlantic Segment | $307.3M | 25% |
| Financial Services Segment | $53.7M | 4% |
RBLX
暂无分部数据
