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DNOW Inc.（DNOW）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DNOW Inc.的1.3倍（$1.2B vs $959.0M），ROKU, INC净利率更高（-2.2% vs -16.8%，领先14.6%），DNOW Inc.同比增速更快（68.0% vs -18.3%），ROKU, INC自由现金流更多（$298.4M vs $76.0M），过去两年DNOW Inc.的营收复合增速更高（30.5% vs 13.6%）
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。
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。
DNOW vs ROKU — 直观对比
营收规模更大
ROKU
是对方的1.3倍
$959.0M
营收增速更快
DNOW
高出86.2%
-18.3%
净利率更高
ROKU
高出14.6%
-16.8%
自由现金流更多
ROKU
多$222.4M
$76.0M
两年增速更快
DNOW
近两年复合增速
13.6%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $959.0M | $1.2B |
| 净利润 | $-161.0M | $-27.4M |
| 毛利率 | 5.2% | 35.6% |
| 营业利润率 | -19.6% | 59.7% |
| 净利率 | -16.8% | -2.2% |
| 营收同比 | 68.0% | -18.3% |
| 净利润同比 | -905.0% | -361.0% |
| 每股收益（稀释后） | $-1.42 | $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DNOWROKU
| Q1 26 | — | $1.2B | ||
| Q4 25 | $959.0M | $1.4B | ||
| Q3 25 | $634.0M | $1.2B | ||
| Q2 25 | $628.0M | $1.1B | ||
| Q1 25 | $599.0M | $1.0B | ||
| Q4 24 | $571.0M | $1.2B | ||
| Q3 24 | $606.0M | $1.1B | ||
| Q2 24 | $633.0M | $968.2M |
净利润DNOWROKU
| Q1 26 | — | $-27.4M | ||
| Q4 25 | $-161.0M | $80.5M | ||
| Q3 25 | $25.0M | $24.8M | ||
| Q2 25 | $25.0M | $10.5M | ||
| Q1 25 | $22.0M | $-27.4M | ||
| Q4 24 | $20.0M | $-35.5M | ||
| Q3 24 | $13.0M | $-9.0M | ||
| Q2 24 | $24.0M | $-34.0M |
毛利率DNOWROKU
| Q1 26 | — | 35.6% | ||
| Q4 25 | 5.2% | 43.5% | ||
| Q3 25 | 22.9% | 43.4% | ||
| Q2 25 | 22.9% | 44.8% | ||
| Q1 25 | 23.2% | 43.6% | ||
| Q4 24 | 22.6% | 42.7% | ||
| Q3 24 | 22.3% | 45.2% | ||
| Q2 24 | 21.8% | 43.9% |
营业利润率DNOWROKU
| Q1 26 | — | 59.7% | ||
| Q4 25 | -19.6% | 4.7% | ||
| Q3 25 | 5.2% | 0.8% | ||
| Q2 25 | 5.1% | -2.1% | ||
| Q1 25 | 5.0% | -5.7% | ||
| Q4 24 | 4.4% | -3.3% | ||
| Q3 24 | 3.8% | -3.4% | ||
| Q2 24 | 5.2% | -7.4% |
净利率DNOWROKU
| Q1 26 | — | -2.2% | ||
| Q4 25 | -16.8% | 5.8% | ||
| Q3 25 | 3.9% | 2.0% | ||
| Q2 25 | 4.0% | 0.9% | ||
| Q1 25 | 3.7% | -2.7% | ||
| Q4 24 | 3.5% | -3.0% | ||
| Q3 24 | 2.1% | -0.9% | ||
| Q2 24 | 3.8% | -3.5% |
每股收益（稀释后）DNOWROKU
| Q1 26 | — | $0.57 | ||
| Q4 25 | $-1.42 | $0.55 | ||
| Q3 25 | $0.23 | $0.16 | ||
| Q2 25 | $0.23 | $0.07 | ||
| Q1 25 | $0.20 | $-0.19 | ||
| Q4 24 | $0.19 | $-0.24 | ||
| Q3 24 | $0.12 | $-0.06 | ||
| Q2 24 | $0.21 | $-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 | $164.0M | $2.4B |
| 总债务越低越好 | $411.0M | — |
| 股东权益账面价值 | $2.2B | $2.7B |
| 总资产 | $3.9B | $4.4B |
| 负债/权益比越低杠杆越低 | 0.18× | — |
8季度趋势，按日历期对齐
现金及短期投资DNOWROKU
| Q1 26 | — | $2.4B | ||
| Q4 25 | $164.0M | $2.3B | ||
| Q3 25 | $266.0M | $2.3B | ||
| Q2 25 | $232.0M | $2.3B | ||
| Q1 25 | $219.0M | $2.3B | ||
| Q4 24 | $256.0M | $2.2B | ||
| Q3 24 | $261.0M | $2.1B | ||
| Q2 24 | $197.0M | $2.1B |
总债务DNOWROKU
| Q1 26 | — | — | ||
| Q4 25 | $411.0M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $0 | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益DNOWROKU
| Q1 26 | — | $2.7B | ||
| Q4 25 | $2.2B | $2.7B | ||
| Q3 25 | $1.2B | $2.6B | ||
| Q2 25 | $1.2B | $2.6B | ||
| Q1 25 | $1.1B | $2.5B | ||
| Q4 24 | $1.1B | $2.5B | ||
| Q3 24 | $1.1B | $2.5B | ||
| Q2 24 | $1.1B | $2.4B |
总资产DNOWROKU
| Q1 26 | — | $4.4B | ||
| Q4 25 | $3.9B | $4.4B | ||
| Q3 25 | $1.7B | $4.4B | ||
| Q2 25 | $1.7B | $4.3B | ||
| Q1 25 | $1.7B | $4.2B | ||
| Q4 24 | $1.6B | $4.3B | ||
| Q3 24 | $1.6B | $4.3B | ||
| Q2 24 | $1.6B | $4.1B |
负债/权益比DNOWROKU
| Q1 26 | — | — | ||
| Q4 25 | 0.18× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.00× | — | ||
| 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 | $83.0M | $199.1M |
| 自由现金流经营现金流 - 资本支出 | $76.0M | $298.4M |
| 自由现金流率自由现金流/营收 | 7.9% | 23.9% |
| 资本支出强度资本支出/营收 | 0.7% | — |
| 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 | $640.0M |
8季度趋势，按日历期对齐
经营现金流DNOWROKU
| Q1 26 | — | $199.1M | ||
| Q4 25 | $83.0M | $107.7M | ||
| Q3 25 | $43.0M | $127.6M | ||
| Q2 25 | $45.0M | $109.7M | ||
| Q1 25 | $-16.0M | $138.7M | ||
| Q4 24 | $122.0M | $79.3M | ||
| Q3 24 | $74.0M | $68.7M | ||
| Q2 24 | $21.0M | $23.4M |
自由现金流DNOWROKU
| Q1 26 | — | $298.4M | ||
| Q4 25 | $76.0M | $106.6M | ||
| Q3 25 | $39.0M | $126.5M | ||
| Q2 25 | $41.0M | $108.6M | ||
| Q1 25 | $-22.0M | $136.8M | ||
| Q4 24 | $119.0M | $76.8M | ||
| Q3 24 | $72.0M | $67.6M | ||
| Q2 24 | $18.0M | $22.5M |
自由现金流率DNOWROKU
| Q1 26 | — | 23.9% | ||
| Q4 25 | 7.9% | 7.6% | ||
| Q3 25 | 6.2% | 10.4% | ||
| Q2 25 | 6.5% | 9.8% | ||
| Q1 25 | -3.7% | 13.4% | ||
| Q4 24 | 20.8% | 6.4% | ||
| Q3 24 | 11.9% | 6.4% | ||
| Q2 24 | 2.8% | 2.3% |
资本支出强度DNOWROKU
| Q1 26 | — | — | ||
| Q4 25 | 0.7% | 0.1% | ||
| Q3 25 | 0.6% | 0.1% | ||
| Q2 25 | 0.6% | 0.1% | ||
| Q1 25 | 1.0% | 0.2% | ||
| Q4 24 | 0.5% | 0.2% | ||
| Q3 24 | 0.3% | 0.1% | ||
| Q2 24 | 0.5% | 0.1% |
现金转化率DNOWROKU
| Q1 26 | — | — | ||
| Q4 25 | — | 1.34× | ||
| Q3 25 | 1.72× | 5.14× | ||
| Q2 25 | 1.80× | 10.45× | ||
| Q1 25 | -0.73× | — | ||
| Q4 24 | 6.10× | — | ||
| Q3 24 | 5.69× | — | ||
| Q2 24 | 0.88× | — |
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% |
ROKU
| Advertising | $612.7M | 49% |
| Subscriptions | $518.5M | 42% |
| Devices | $117.6M | 9% |
