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DNOW Inc.（DNOW）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DNOW Inc.的1.5倍（$1.4B vs $959.0M），DNOW Inc.净利率更高（-16.8% vs -22.3%，领先5.5%），DNOW Inc.同比增速更快（68.0% vs 43.2%），罗布乐思自由现金流更多（$308.6M vs $76.0M），过去两年罗布乐思的营收复合增速更高（32.9% vs 30.5%）
DNOW Inc.（商业名称DistributionNOW）是一家全球工业及能源产品分销商，提供供应链管理、库存优化、技术支持服务，主营油气、可再生能源、制造、建筑等领域所需的零部件、设备及耗材，业务覆盖北美、欧洲及亚太地区。
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。
DNOW vs RBLX — 直观对比
营收规模更大
RBLX
是对方的1.5倍
$959.0M
营收增速更快
DNOW
高出24.8%
43.2%
净利率更高
DNOW
高出5.5%
-22.3%
自由现金流更多
RBLX
多$232.6M
$76.0M
两年增速更快
RBLX
近两年复合增速
30.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $959.0M | $1.4B |
| 净利润 | $-161.0M | $-316.0M |
| 毛利率 | 5.2% | 77.7% |
| 营业利润率 | -19.6% | -25.3% |
| 净利率 | -16.8% | -22.3% |
| 营收同比 | 68.0% | 43.2% |
| 净利润同比 | -905.0% | -43.9% |
| 每股收益（稀释后） | $-1.42 | $-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DNOWRBLX
| Q4 25 | $959.0M | $1.4B | ||
| Q3 25 | $634.0M | $1.4B | ||
| Q2 25 | $628.0M | $1.1B | ||
| Q1 25 | $599.0M | $1.0B | ||
| Q4 24 | $571.0M | $988.2M | ||
| Q3 24 | $606.0M | $919.0M | ||
| Q2 24 | $633.0M | $893.5M | ||
| Q1 24 | $563.0M | $801.3M |
净利润DNOWRBLX
| Q4 25 | $-161.0M | $-316.0M | ||
| Q3 25 | $25.0M | $-255.6M | ||
| Q2 25 | $25.0M | $-278.4M | ||
| Q1 25 | $22.0M | $-215.1M | ||
| Q4 24 | $20.0M | $-219.6M | ||
| Q3 24 | $13.0M | $-239.3M | ||
| Q2 24 | $24.0M | $-205.9M | ||
| Q1 24 | $21.0M | $-270.6M |
毛利率DNOWRBLX
| Q4 25 | 5.2% | 77.7% | ||
| Q3 25 | 22.9% | 78.2% | ||
| Q2 25 | 22.9% | 78.2% | ||
| Q1 25 | 23.2% | 78.3% | ||
| Q4 24 | 22.6% | 77.9% | ||
| Q3 24 | 22.3% | 77.7% | ||
| Q2 24 | 21.8% | 77.8% | ||
| Q1 24 | 22.9% | 77.7% |
营业利润率DNOWRBLX
| Q4 25 | -19.6% | -25.3% | ||
| Q3 25 | 5.2% | -21.8% | ||
| Q2 25 | 5.1% | -29.8% | ||
| Q1 25 | 5.0% | -24.6% | ||
| Q4 24 | 4.4% | -24.7% | ||
| Q3 24 | 3.8% | -30.4% | ||
| Q2 24 | 5.2% | -26.6% | ||
| Q1 24 | 5.0% | -37.7% |
净利率DNOWRBLX
| Q4 25 | -16.8% | -22.3% | ||
| Q3 25 | 3.9% | -18.8% | ||
| Q2 25 | 4.0% | -25.8% | ||
| Q1 25 | 3.7% | -20.8% | ||
| Q4 24 | 3.5% | -22.2% | ||
| Q3 24 | 2.1% | -26.0% | ||
| Q2 24 | 3.8% | -23.0% | ||
| Q1 24 | 3.7% | -33.8% |
每股收益（稀释后）DNOWRBLX
| Q4 25 | $-1.42 | $-0.44 | ||
| Q3 25 | $0.23 | $-0.37 | ||
| Q2 25 | $0.23 | $-0.41 | ||
| Q1 25 | $0.20 | $-0.32 | ||
| Q4 24 | $0.19 | $-0.32 | ||
| Q3 24 | $0.12 | $-0.37 | ||
| Q2 24 | $0.21 | $-0.32 | ||
| Q1 24 | $0.19 | $-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 | $164.0M | $3.1B |
| 总债务越低越好 | $411.0M | $1.2B |
| 股东权益账面价值 | $2.2B | $394.5M |
| 总资产 | $3.9B | $9.6B |
| 负债/权益比越低杠杆越低 | 0.18× | 2.98× |
8季度趋势，按日历期对齐
现金及短期投资DNOWRBLX
| Q4 25 | $164.0M | $3.1B | ||
| Q3 25 | $266.0M | $2.9B | ||
| Q2 25 | $232.0M | $2.6B | ||
| Q1 25 | $219.0M | $2.7B | ||
| Q4 24 | $256.0M | $2.4B | ||
| Q3 24 | $261.0M | $2.3B | ||
| Q2 24 | $197.0M | $2.4B | ||
| Q1 24 | $188.0M | $2.4B |
总债务DNOWRBLX
| Q4 25 | $411.0M | $1.2B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $0 | $1.2B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益DNOWRBLX
| Q4 25 | $2.2B | $394.5M | ||
| Q3 25 | $1.2B | $407.6M | ||
| Q2 25 | $1.2B | $353.2M | ||
| Q1 25 | $1.1B | $310.7M | ||
| Q4 24 | $1.1B | $221.4M | ||
| Q3 24 | $1.1B | $189.9M | ||
| Q2 24 | $1.1B | $121.5M | ||
| Q1 24 | $1.1B | $71.6M |
总资产DNOWRBLX
| Q4 25 | $3.9B | $9.6B | ||
| Q3 25 | $1.7B | $8.6B | ||
| Q2 25 | $1.7B | $7.8B | ||
| Q1 25 | $1.7B | $7.5B | ||
| Q4 24 | $1.6B | $7.2B | ||
| Q3 24 | $1.6B | $6.7B | ||
| Q2 24 | $1.6B | $6.5B | ||
| Q1 24 | $1.6B | $6.3B |
负债/权益比DNOWRBLX
| Q4 25 | 0.18× | 2.98× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.00× | 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 | $83.0M | $607.0M |
| 自由现金流经营现金流 - 资本支出 | $76.0M | $308.6M |
| 自由现金流率自由现金流/营收 | 7.9% | 21.8% |
| 资本支出强度资本支出/营收 | 0.7% | 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 | $134.0M | $1.4B |
8季度趋势，按日历期对齐
经营现金流DNOWRBLX
| Q4 25 | $83.0M | $607.0M | ||
| Q3 25 | $43.0M | $546.2M | ||
| Q2 25 | $45.0M | $199.3M | ||
| Q1 25 | $-16.0M | $443.9M | ||
| Q4 24 | $122.0M | $184.5M | ||
| Q3 24 | $74.0M | $247.4M | ||
| Q2 24 | $21.0M | $151.4M | ||
| Q1 24 | $81.0M | $238.9M |
自由现金流DNOWRBLX
| Q4 25 | $76.0M | $308.6M | ||
| Q3 25 | $39.0M | $443.6M | ||
| Q2 25 | $41.0M | $176.7M | ||
| Q1 25 | $-22.0M | $426.5M | ||
| Q4 24 | $119.0M | $120.6M | ||
| Q3 24 | $72.0M | $218.0M | ||
| Q2 24 | $18.0M | $111.7M | ||
| Q1 24 | $80.0M | $192.3M |
自由现金流率DNOWRBLX
| Q4 25 | 7.9% | 21.8% | ||
| Q3 25 | 6.2% | 32.6% | ||
| Q2 25 | 6.5% | 16.3% | ||
| Q1 25 | -3.7% | 41.2% | ||
| Q4 24 | 20.8% | 12.2% | ||
| Q3 24 | 11.9% | 23.7% | ||
| Q2 24 | 2.8% | 12.5% | ||
| Q1 24 | 14.2% | 24.0% |
资本支出强度DNOWRBLX
| Q4 25 | 0.7% | 21.1% | ||
| Q3 25 | 0.6% | 7.5% | ||
| Q2 25 | 0.6% | 2.1% | ||
| Q1 25 | 1.0% | 1.7% | ||
| Q4 24 | 0.5% | 6.5% | ||
| Q3 24 | 0.3% | 3.2% | ||
| Q2 24 | 0.5% | 4.4% | ||
| Q1 24 | 0.2% | 5.8% |
现金转化率DNOWRBLX
| Q4 25 | — | — | ||
| Q3 25 | 1.72× | — | ||
| Q2 25 | 1.80× | — | ||
| Q1 25 | -0.73× | — | ||
| Q4 24 | 6.10× | — | ||
| Q3 24 | 5.69× | — | ||
| Q2 24 | 0.88× | — | ||
| Q1 24 | 3.86× | — |
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
DNOW
| Pipelines | $455.0M | 47% |
| Downstream And Industrial | $196.0M | 20% |
| Gas Utilities | $183.0M | 19% |
| Oil And Gas Properties | $105.0M | 11% |
| Other | $20.0M | 2% |
RBLX
暂无分部数据
