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Digital Realty（DLR）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
Digital Realty的季度营收约是罗布乐思的1.2倍（$1.6B vs $1.4B），Digital Realty净利率更高（6.0% vs -22.3%，领先28.4%），罗布乐思同比增速更快（43.2% vs 16.1%），过去两年罗布乐思的营收复合增速更高（32.9% vs 9.8%）
Digital Realty是一家全球知名的不动产投资信托企业，核心业务涵盖全球各地运营商中立数据中心的持有、运营与投资，可为客户提供数据中心部署、主机托管、网络互联等多元专业服务，能够满足不同企业对算力基础设施、数据存储及网络连接的多样化需求。
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。
DLR vs RBLX — 直观对比
营收规模更大
DLR
是对方的1.2倍
$1.4B
营收增速更快
RBLX
高出27.1%
16.1%
净利率更高
DLR
高出28.4%
-22.3%
两年增速更快
RBLX
近两年复合增速
9.8%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.6B | $1.4B |
| 净利润 | $98.6M | $-316.0M |
| 毛利率 | — | 77.7% |
| 营业利润率 | 6.9% | -25.3% |
| 净利率 | 6.0% | -22.3% |
| 营收同比 | 16.1% | 43.2% |
| 净利润同比 | -10.3% | -43.9% |
| 每股收益（稀释后） | $0.22 | $-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DLRRBLX
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.6B | $1.4B | ||
| Q3 25 | $1.6B | $1.4B | ||
| Q2 25 | $1.5B | $1.1B | ||
| Q1 25 | $1.4B | $1.0B | ||
| Q4 24 | $1.4B | $988.2M | ||
| Q3 24 | $1.4B | $919.0M | ||
| Q2 24 | $1.4B | $893.5M |
净利润DLRRBLX
| Q1 26 | $98.6M | — | ||
| Q4 25 | $98.6M | $-316.0M | ||
| Q3 25 | $67.8M | $-255.6M | ||
| Q2 25 | $1.0B | $-278.4M | ||
| Q1 25 | $110.0M | $-215.1M | ||
| Q4 24 | $189.6M | $-219.6M | ||
| Q3 24 | $51.2M | $-239.3M | ||
| Q2 24 | $80.2M | $-205.9M |
毛利率DLRRBLX
| Q1 26 | — | — | ||
| 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 | — | 77.8% |
营业利润率DLRRBLX
| Q1 26 | 6.9% | — | ||
| Q4 25 | 6.9% | -25.3% | ||
| Q3 25 | 8.8% | -21.8% | ||
| Q2 25 | 14.2% | -29.8% | ||
| Q1 25 | 13.9% | -24.6% | ||
| Q4 24 | 10.1% | -24.7% | ||
| Q3 24 | 11.8% | -30.4% | ||
| Q2 24 | 0.7% | -26.6% |
净利率DLRRBLX
| Q1 26 | 6.0% | — | ||
| Q4 25 | 6.0% | -22.3% | ||
| Q3 25 | 4.3% | -18.8% | ||
| Q2 25 | 69.1% | -25.8% | ||
| Q1 25 | 7.8% | -20.8% | ||
| Q4 24 | 13.2% | -22.2% | ||
| Q3 24 | 3.6% | -26.0% | ||
| Q2 24 | 5.9% | -23.0% |
每股收益（稀释后）DLRRBLX
| Q1 26 | $0.22 | — | ||
| Q4 25 | $0.22 | $-0.44 | ||
| Q3 25 | $0.15 | $-0.37 | ||
| Q2 25 | $2.94 | $-0.41 | ||
| Q1 25 | $0.27 | $-0.32 | ||
| Q4 24 | $0.50 | $-0.32 | ||
| Q3 24 | $0.09 | $-0.37 | ||
| Q2 24 | $0.20 | $-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 | $3.5B | $3.1B |
| 总债务越低越好 | — | $1.2B |
| 股东权益账面价值 | $22.9B | $394.5M |
| 总资产 | $49.4B | $9.6B |
| 负债/权益比越低杠杆越低 | — | 2.98× |
8季度趋势，按日历期对齐
现金及短期投资DLRRBLX
| Q1 26 | $3.5B | — | ||
| Q4 25 | $3.5B | $3.1B | ||
| Q3 25 | $3.3B | $2.9B | ||
| Q2 25 | $3.6B | $2.6B | ||
| Q1 25 | $2.3B | $2.7B | ||
| Q4 24 | $3.9B | $2.4B | ||
| Q3 24 | $2.2B | $2.3B | ||
| Q2 24 | $2.3B | $2.4B |
总债务DLRRBLX
| Q1 26 | — | — | ||
| Q4 25 | — | $1.2B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益DLRRBLX
| Q1 26 | $22.9B | — | ||
| Q4 25 | $22.9B | $394.5M | ||
| Q3 25 | $23.0B | $407.6M | ||
| Q2 25 | $22.9B | $353.2M | ||
| Q1 25 | $21.3B | $310.7M | ||
| Q4 24 | $21.3B | $221.4M | ||
| Q3 24 | $21.2B | $189.9M | ||
| Q2 24 | $20.5B | $121.5M |
总资产DLRRBLX
| Q1 26 | $49.4B | — | ||
| Q4 25 | $49.4B | $9.6B | ||
| Q3 25 | $48.7B | $8.6B | ||
| Q2 25 | $48.7B | $7.8B | ||
| Q1 25 | $45.1B | $7.5B | ||
| Q4 24 | $45.3B | $7.2B | ||
| Q3 24 | $45.3B | $6.7B | ||
| Q2 24 | $43.6B | $6.5B |
负债/权益比DLRRBLX
| Q1 26 | — | — | ||
| Q4 25 | — | 2.98× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 5.48× | ||
| Q3 24 | — | — | ||
| Q2 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 | — | $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 | — | 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DLRRBLX
| Q1 26 | — | — | ||
| Q4 25 | $719.0M | $607.0M | ||
| Q3 25 | $652.9M | $546.2M | ||
| Q2 25 | $641.2M | $199.3M | ||
| Q1 25 | $399.1M | $443.9M | ||
| Q4 24 | $769.5M | $184.5M | ||
| Q3 24 | $566.5M | $247.4M | ||
| Q2 24 | $573.2M | $151.4M |
自由现金流DLRRBLX
| Q1 26 | — | — | ||
| Q4 25 | — | $308.6M | ||
| Q3 25 | — | $443.6M | ||
| Q2 25 | — | $176.7M | ||
| Q1 25 | — | $426.5M | ||
| Q4 24 | — | $120.6M | ||
| Q3 24 | — | $218.0M | ||
| Q2 24 | — | $111.7M |
自由现金流率DLRRBLX
| Q1 26 | — | — | ||
| Q4 25 | — | 21.8% | ||
| Q3 25 | — | 32.6% | ||
| Q2 25 | — | 16.3% | ||
| Q1 25 | — | 41.2% | ||
| Q4 24 | — | 12.2% | ||
| Q3 24 | — | 23.7% | ||
| Q2 24 | — | 12.5% |
资本支出强度DLRRBLX
| Q1 26 | — | — | ||
| Q4 25 | — | 21.1% | ||
| Q3 25 | — | 7.5% | ||
| Q2 25 | — | 2.1% | ||
| Q1 25 | — | 1.7% | ||
| Q4 24 | — | 6.5% | ||
| Q3 24 | — | 3.2% | ||
| Q2 24 | — | 4.4% |
现金转化率DLRRBLX
| Q1 26 | — | — | ||
| Q4 25 | 7.29× | — | ||
| Q3 25 | 9.63× | — | ||
| Q2 25 | 0.62× | — | ||
| Q1 25 | 3.63× | — | ||
| Q4 24 | 4.06× | — | ||
| Q3 24 | 11.07× | — | ||
| Q2 24 | 7.15× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
