vs
Leonardo DRS, Inc.（DRS）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Leonardo DRS, Inc.的1.3倍（$1.4B vs $1.1B），Leonardo DRS, Inc.净利率更高（9.6% vs -22.3%，领先32.0%），罗布乐思同比增速更快（43.2% vs 8.1%），Leonardo DRS, Inc.自由现金流更多（$376.0M vs $308.6M），过去两年罗布乐思的营收复合增速更高（32.9% vs 24.1%）
莱昂纳多DRS公司是美国本土国防承包商，前身为DRS技术公司，曾于纽约证券交易所挂牌交易，2008年被莱昂纳多的前身芬梅卡尼卡收购，核心业务为向美国军方提供先进国防技术及配套系统产品。
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。
DRS vs RBLX — 直观对比
营收规模更大
RBLX
是对方的1.3倍
$1.1B
营收增速更快
RBLX
高出35.1%
8.1%
净利率更高
DRS
高出32.0%
-22.3%
自由现金流更多
DRS
多$67.4M
$308.6M
两年增速更快
RBLX
近两年复合增速
24.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $1.4B |
| 净利润 | $102.0M | $-316.0M |
| 毛利率 | 25.4% | 77.7% |
| 营业利润率 | 11.9% | -25.3% |
| 净利率 | 9.6% | -22.3% |
| 营收同比 | 8.1% | 43.2% |
| 净利润同比 | 14.6% | -43.9% |
| 每股收益（稀释后） | $0.38 | $-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DRSRBLX
| Q4 25 | $1.1B | $1.4B | ||
| Q3 25 | $960.0M | $1.4B | ||
| Q2 25 | $829.0M | $1.1B | ||
| Q1 25 | $799.0M | $1.0B | ||
| Q4 24 | $981.0M | $988.2M | ||
| Q3 24 | $812.0M | $919.0M | ||
| Q2 24 | $753.0M | $893.5M | ||
| Q1 24 | $688.0M | $801.3M |
净利润DRSRBLX
| Q4 25 | $102.0M | $-316.0M | ||
| Q3 25 | $72.0M | $-255.6M | ||
| Q2 25 | $54.0M | $-278.4M | ||
| Q1 25 | $50.0M | $-215.1M | ||
| Q4 24 | $89.0M | $-219.6M | ||
| Q3 24 | $57.0M | $-239.3M | ||
| Q2 24 | $38.0M | $-205.9M | ||
| Q1 24 | $29.0M | $-270.6M |
毛利率DRSRBLX
| Q4 25 | 25.4% | 77.7% | ||
| Q3 25 | 23.1% | 78.2% | ||
| Q2 25 | 23.8% | 78.2% | ||
| Q1 25 | 22.7% | 78.3% | ||
| Q4 24 | 24.0% | 77.9% | ||
| Q3 24 | 22.0% | 77.7% | ||
| Q2 24 | 22.4% | 77.8% | ||
| Q1 24 | 22.2% | 77.7% |
营业利润率DRSRBLX
| Q4 25 | 11.9% | -25.3% | ||
| Q3 25 | 9.7% | -21.8% | ||
| Q2 25 | 8.4% | -29.8% | ||
| Q1 25 | 7.4% | -24.6% | ||
| Q4 24 | 12.2% | -24.7% | ||
| Q3 24 | 9.2% | -30.4% | ||
| Q2 24 | 7.3% | -26.6% | ||
| Q1 24 | 6.3% | -37.7% |
净利率DRSRBLX
| Q4 25 | 9.6% | -22.3% | ||
| Q3 25 | 7.5% | -18.8% | ||
| Q2 25 | 6.5% | -25.8% | ||
| Q1 25 | 6.3% | -20.8% | ||
| Q4 24 | 9.1% | -22.2% | ||
| Q3 24 | 7.0% | -26.0% | ||
| Q2 24 | 5.0% | -23.0% | ||
| Q1 24 | 4.2% | -33.8% |
每股收益（稀释后）DRSRBLX
| Q4 25 | $0.38 | $-0.44 | ||
| Q3 25 | $0.26 | $-0.37 | ||
| Q2 25 | $0.20 | $-0.41 | ||
| Q1 25 | $0.19 | $-0.32 | ||
| Q4 24 | $0.34 | $-0.32 | ||
| Q3 24 | $0.21 | $-0.37 | ||
| Q2 24 | $0.14 | $-0.32 | ||
| Q1 24 | $0.11 | $-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 | $647.0M | $3.1B |
| 总债务越低越好 | $321.0M | $1.2B |
| 股东权益账面价值 | $2.7B | $394.5M |
| 总资产 | $4.5B | $9.6B |
| 负债/权益比越低杠杆越低 | 0.12× | 2.98× |
8季度趋势，按日历期对齐
现金及短期投资DRSRBLX
| Q4 25 | $647.0M | $3.1B | ||
| Q3 25 | $309.0M | $2.9B | ||
| Q2 25 | $278.0M | $2.6B | ||
| Q1 25 | $380.0M | $2.7B | ||
| Q4 24 | $598.0M | $2.4B | ||
| Q3 24 | $198.0M | $2.3B | ||
| Q2 24 | $149.0M | $2.4B | ||
| Q1 24 | $160.0M | $2.4B |
总债务DRSRBLX
| Q4 25 | $321.0M | $1.2B | ||
| Q3 25 | $326.0M | — | ||
| Q2 25 | $331.0M | — | ||
| Q1 25 | $335.0M | — | ||
| Q4 24 | $340.0M | $1.2B | ||
| Q3 24 | $345.0M | — | ||
| Q2 24 | $351.0M | — | ||
| Q1 24 | $356.0M | — |
股东权益DRSRBLX
| Q4 25 | $2.7B | $394.5M | ||
| Q3 25 | $2.6B | $407.6M | ||
| Q2 25 | $2.6B | $353.2M | ||
| Q1 25 | $2.6B | $310.7M | ||
| Q4 24 | $2.6B | $221.4M | ||
| Q3 24 | $2.5B | $189.9M | ||
| Q2 24 | $2.4B | $121.5M | ||
| Q1 24 | $2.4B | $71.6M |
总资产DRSRBLX
| Q4 25 | $4.5B | $9.6B | ||
| Q3 25 | $4.2B | $8.6B | ||
| Q2 25 | $4.1B | $7.8B | ||
| Q1 25 | $4.1B | $7.5B | ||
| Q4 24 | $4.2B | $7.2B | ||
| Q3 24 | $3.9B | $6.7B | ||
| Q2 24 | $3.8B | $6.5B | ||
| Q1 24 | $3.8B | $6.3B |
负债/权益比DRSRBLX
| Q4 25 | 0.12× | 2.98× | ||
| Q3 25 | 0.12× | — | ||
| Q2 25 | 0.13× | — | ||
| Q1 25 | 0.13× | — | ||
| Q4 24 | 0.13× | 5.48× | ||
| Q3 24 | 0.14× | — | ||
| Q2 24 | 0.15× | — | ||
| Q1 24 | 0.15× | — |
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 | $425.0M | $607.0M |
| 自由现金流经营现金流 - 资本支出 | $376.0M | $308.6M |
| 自由现金流率自由现金流/营收 | 35.5% | 21.8% |
| 资本支出强度资本支出/营收 | 4.6% | 21.1% |
| 现金转化率经营现金流/净利润 | 4.17× | — |
| 过去12个月自由现金流最近4个季度 | $227.0M | $1.4B |
8季度趋势，按日历期对齐
经营现金流DRSRBLX
| Q4 25 | $425.0M | $607.0M | ||
| Q3 25 | $107.0M | $546.2M | ||
| Q2 25 | $-28.0M | $199.3M | ||
| Q1 25 | $-138.0M | $443.9M | ||
| Q4 24 | $443.0M | $184.5M | ||
| Q3 24 | $59.0M | $247.4M | ||
| Q2 24 | $34.0M | $151.4M | ||
| Q1 24 | $-265.0M | $238.9M |
自由现金流DRSRBLX
| Q4 25 | $376.0M | $308.6M | ||
| Q3 25 | $77.0M | $443.6M | ||
| Q2 25 | $-56.0M | $176.7M | ||
| Q1 25 | $-170.0M | $426.5M | ||
| Q4 24 | $414.0M | $120.6M | ||
| Q3 24 | $47.0M | $218.0M | ||
| Q2 24 | $0 | $111.7M | ||
| Q1 24 | $-275.0M | $192.3M |
自由现金流率DRSRBLX
| Q4 25 | 35.5% | 21.8% | ||
| Q3 25 | 8.0% | 32.6% | ||
| Q2 25 | -6.8% | 16.3% | ||
| Q1 25 | -21.3% | 41.2% | ||
| Q4 24 | 42.2% | 12.2% | ||
| Q3 24 | 5.8% | 23.7% | ||
| Q2 24 | 0.0% | 12.5% | ||
| Q1 24 | -40.0% | 24.0% |
资本支出强度DRSRBLX
| Q4 25 | 4.6% | 21.1% | ||
| Q3 25 | 3.1% | 7.5% | ||
| Q2 25 | 3.4% | 2.1% | ||
| Q1 25 | 4.0% | 1.7% | ||
| Q4 24 | 3.0% | 6.5% | ||
| Q3 24 | 1.5% | 3.2% | ||
| Q2 24 | 4.5% | 4.4% | ||
| Q1 24 | 1.5% | 5.8% |
现金转化率DRSRBLX
| Q4 25 | 4.17× | — | ||
| Q3 25 | 1.49× | — | ||
| Q2 25 | -0.52× | — | ||
| Q1 25 | -2.76× | — | ||
| Q4 24 | 4.98× | — | ||
| Q3 24 | 1.04× | — | ||
| Q2 24 | 0.89× | — | ||
| Q1 24 | -9.14× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
