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达美乐（DPZ）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的季度营收约是达美乐的1.2倍（$1.4B vs $1.2B），达美乐净利率更高（12.2% vs 5.8%，领先6.4%），ROKU, INC同比增速更快（16.1% vs 3.5%），达美乐自由现金流更多（$147.0M vs $106.6M），过去两年ROKU, INC的营收复合增速更高（25.8% vs 2.4%）
达美乐是1960年成立的美国跨国披萨连锁品牌，注册地位于特拉华州，总部坐落在密歇根州安娜堡附近的安娜堡镇达美乐农场办公园区。截至2018年，品牌已在全球83个国家和地区的5701座城市开设约15000家门店，其中美国、印度、英国分别有5649家、1500家和1249家门店。
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。
DPZ vs ROKU — 直观对比
营收规模更大
ROKU
是对方的1.2倍
$1.2B
营收增速更快
ROKU
高出12.7%
3.5%
净利率更高
DPZ
高出6.4%
5.8%
自由现金流更多
DPZ
多$40.4M
$106.6M
两年增速更快
ROKU
近两年复合增速
2.4%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $1.4B |
| 净利润 | $139.8M | $80.5M |
| 毛利率 | 40.4% | 43.5% |
| 营业利润率 | 20.0% | 4.7% |
| 净利率 | 12.2% | 5.8% |
| 营收同比 | 3.5% | 16.1% |
| 净利润同比 | -6.6% | 326.4% |
| 每股收益（稀释后） | $4.13 | $0.55 |
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DPZROKU
| Q1 26 | $1.2B | — | ||
| Q4 25 | — | $1.4B | ||
| Q3 25 | $1.1B | $1.2B | ||
| Q2 25 | $1.1B | $1.1B | ||
| Q1 25 | $1.1B | $1.0B | ||
| Q4 24 | $1.4B | $1.2B | ||
| Q3 24 | $1.1B | $1.1B | ||
| Q2 24 | $1.1B | $968.2M |
净利润DPZROKU
| Q1 26 | $139.8M | — | ||
| Q4 25 | — | $80.5M | ||
| Q3 25 | $139.3M | $24.8M | ||
| Q2 25 | $131.1M | $10.5M | ||
| Q1 25 | $149.7M | $-27.4M | ||
| Q4 24 | $169.4M | $-35.5M | ||
| Q3 24 | $146.9M | $-9.0M | ||
| Q2 24 | $142.0M | $-34.0M |
毛利率DPZROKU
| Q1 26 | 40.4% | — | ||
| Q4 25 | — | 43.5% | ||
| Q3 25 | 40.1% | 43.4% | ||
| Q2 25 | 40.3% | 44.8% | ||
| Q1 25 | 39.8% | 43.6% | ||
| Q4 24 | 39.2% | 42.7% | ||
| Q3 24 | 39.2% | 45.2% | ||
| Q2 24 | 39.8% | 43.9% |
营业利润率DPZROKU
| Q1 26 | 20.0% | — | ||
| Q4 25 | — | 4.7% | ||
| Q3 25 | 19.5% | 0.8% | ||
| Q2 25 | 19.7% | -2.1% | ||
| Q1 25 | 18.9% | -5.7% | ||
| Q4 24 | 19.0% | -3.3% | ||
| Q3 24 | 18.4% | -3.4% | ||
| Q2 24 | 17.9% | -7.4% |
净利率DPZROKU
| Q1 26 | 12.2% | — | ||
| Q4 25 | — | 5.8% | ||
| Q3 25 | 12.1% | 2.0% | ||
| Q2 25 | 11.4% | 0.9% | ||
| Q1 25 | 13.5% | -2.7% | ||
| Q4 24 | 11.7% | -3.0% | ||
| Q3 24 | 13.6% | -0.9% | ||
| Q2 24 | 12.9% | -3.5% |
每股收益（稀释后）DPZROKU
| Q1 26 | $4.13 | — | ||
| Q4 25 | — | $0.55 | ||
| Q3 25 | $4.08 | $0.16 | ||
| Q2 25 | $3.81 | $0.07 | ||
| Q1 25 | $4.33 | $-0.19 | ||
| Q4 24 | $4.89 | $-0.24 | ||
| Q3 24 | $4.19 | $-0.06 | ||
| Q2 24 | $4.03 | $-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 | $232.9M | $2.3B |
| 总债务越低越好 | $4.9B | — |
| 股东权益账面价值 | — | $2.7B |
| 总资产 | $1.8B | $4.4B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资DPZROKU
| Q1 26 | $232.9M | — | ||
| Q4 25 | — | $2.3B | ||
| Q3 25 | $139.7M | $2.3B | ||
| Q2 25 | $272.9M | $2.3B | ||
| Q1 25 | $304.3M | $2.3B | ||
| Q4 24 | $186.1M | $2.2B | ||
| Q3 24 | $189.1M | $2.1B | ||
| Q2 24 | $283.7M | $2.1B |
总债务DPZROKU
| Q1 26 | $4.9B | — | ||
| Q4 25 | — | — | ||
| Q3 25 | $4.8B | — | ||
| Q2 25 | $3.8B | — | ||
| Q1 25 | $3.8B | — | ||
| Q4 24 | $3.8B | — | ||
| Q3 24 | $5.0B | — | ||
| Q2 24 | $5.0B | — |
股东权益DPZROKU
| Q1 26 | — | — | ||
| Q4 25 | — | $2.7B | ||
| Q3 25 | $-4.0B | $2.6B | ||
| Q2 25 | $-4.0B | $2.6B | ||
| Q1 25 | $-3.9B | $2.5B | ||
| Q4 24 | $-4.0B | $2.5B | ||
| Q3 24 | $-4.0B | $2.5B | ||
| Q2 24 | $-3.9B | $2.4B |
总资产DPZROKU
| Q1 26 | $1.8B | — | ||
| Q4 25 | — | $4.4B | ||
| Q3 25 | $1.7B | $4.4B | ||
| Q2 25 | $1.8B | $4.3B | ||
| Q1 25 | $1.9B | $4.2B | ||
| Q4 24 | $1.7B | $4.3B | ||
| Q3 24 | $1.8B | $4.3B | ||
| Q2 24 | $1.9B | $4.1B |
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 | $162.0M | $107.7M |
| 自由现金流经营现金流 - 资本支出 | $147.0M | $106.6M |
| 自由现金流率自由现金流/营收 | 12.8% | 7.6% |
| 资本支出强度资本支出/营收 | 1.3% | 0.1% |
| 现金转化率经营现金流/净利润 | 1.16× | 1.34× |
| 过去12个月自由现金流最近4个季度 | $625.3M | $478.4M |
8季度趋势，按日历期对齐
经营现金流DPZROKU
| Q1 26 | $162.0M | — | ||
| Q4 25 | — | $107.7M | ||
| Q3 25 | $185.4M | $127.6M | ||
| Q2 25 | $187.8M | $109.7M | ||
| Q1 25 | $179.1M | $138.7M | ||
| Q4 24 | $178.0M | $79.3M | ||
| Q3 24 | $172.7M | $68.7M | ||
| Q2 24 | $150.7M | $23.4M |
自由现金流DPZROKU
| Q1 26 | $147.0M | — | ||
| Q4 25 | — | $106.6M | ||
| Q3 25 | $164.0M | $126.5M | ||
| Q2 25 | $167.3M | $108.6M | ||
| Q1 25 | $164.3M | $136.8M | ||
| Q4 24 | $135.9M | $76.8M | ||
| Q3 24 | $145.6M | $67.6M | ||
| Q2 24 | $127.2M | $22.5M |
自由现金流率DPZROKU
| Q1 26 | 12.8% | — | ||
| Q4 25 | — | 7.6% | ||
| Q3 25 | 14.3% | 10.4% | ||
| Q2 25 | 14.6% | 9.8% | ||
| Q1 25 | 14.8% | 13.4% | ||
| Q4 24 | 9.4% | 6.4% | ||
| Q3 24 | 13.5% | 6.4% | ||
| Q2 24 | 11.6% | 2.3% |
资本支出强度DPZROKU
| Q1 26 | 1.3% | — | ||
| Q4 25 | — | 0.1% | ||
| Q3 25 | 1.9% | 0.1% | ||
| Q2 25 | 1.8% | 0.1% | ||
| Q1 25 | 1.3% | 0.2% | ||
| Q4 24 | 2.9% | 0.2% | ||
| Q3 24 | 2.5% | 0.1% | ||
| Q2 24 | 2.1% | 0.1% |
现金转化率DPZROKU
| Q1 26 | 1.16× | — | ||
| Q4 25 | — | 1.34× | ||
| Q3 25 | 1.33× | 5.14× | ||
| Q2 25 | 1.43× | 10.45× | ||
| Q1 25 | 1.20× | — | ||
| Q4 24 | 1.05× | — | ||
| Q3 24 | 1.18× | — | ||
| Q2 24 | 1.06× | — |
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
DPZ
| Supply chain | $699.0M | 61% |
| U.S. franchise royalties and fees | $158.0M | 14% |
| U.S. franchise advertising | $130.5M | 11% |
| U.S. Company-owned stores | $82.1M | 7% |
| International franchise royalties and fees | $81.0M | 7% |
ROKU
| Services | $1.2B | 88% |
| Products | $170.9M | 12% |
