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DYCOM INDUSTRIES INC（DY）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
DYCOM INDUSTRIES INC的季度营收约是罗布乐思的1.0倍（$1.5B vs $1.4B），DYCOM INDUSTRIES INC净利率更高（7.3% vs -22.3%，领先29.7%），罗布乐思同比增速更快（43.2% vs 14.1%），罗布乐思自由现金流更多（$308.6M vs $164.8M），过去两年罗布乐思的营收复合增速更高（32.9% vs 23.5%）
本公司是美国基础设施服务供应商，服务覆盖电力、管道、工业、通信四大领域，具备各类网络基础设施的规划、设计、安装、项目管理、运维及抢修能力。成立以来坚持内生增长，同时已收购150多家电力承包行业企业，为众多大型电力领域客户提供专业服务。
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。
DY vs RBLX — 直观对比
营收规模更大
DY
是对方的1.0倍
$1.4B
营收增速更快
RBLX
高出29.1%
14.1%
净利率更高
DY
高出29.7%
-22.3%
自由现金流更多
RBLX
多$143.8M
$164.8M
两年增速更快
RBLX
近两年复合增速
23.5%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.5B | $1.4B |
| 净利润 | $106.4M | $-316.0M |
| 毛利率 | — | 77.7% |
| 营业利润率 | 9.7% | -25.3% |
| 净利率 | 7.3% | -22.3% |
| 营收同比 | 14.1% | 43.2% |
| 净利润同比 | 52.4% | -43.9% |
| 每股收益（稀释后） | $3.63 | $-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DYRBLX
| Q4 25 | $1.5B | $1.4B | ||
| Q3 25 | $1.4B | $1.4B | ||
| Q2 25 | $1.3B | $1.1B | ||
| Q1 25 | $1.1B | $1.0B | ||
| Q4 24 | $1.3B | $988.2M | ||
| Q3 24 | $1.2B | $919.0M | ||
| Q2 24 | $1.1B | $893.5M | ||
| Q1 24 | $952.5M | $801.3M |
净利润DYRBLX
| Q4 25 | $106.4M | $-316.0M | ||
| Q3 25 | $97.5M | $-255.6M | ||
| Q2 25 | $61.0M | $-278.4M | ||
| Q1 25 | $32.7M | $-215.1M | ||
| Q4 24 | $69.8M | $-219.6M | ||
| Q3 24 | $68.4M | $-239.3M | ||
| Q2 24 | $62.6M | $-205.9M | ||
| Q1 24 | $23.4M | $-270.6M |
毛利率DYRBLX
| 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% | ||
| Q1 24 | — | 77.7% |
营业利润率DYRBLX
| Q4 25 | 9.7% | -25.3% | ||
| Q3 25 | 9.5% | -21.8% | ||
| Q2 25 | 6.2% | -29.8% | ||
| Q1 25 | 4.1% | -24.6% | ||
| Q4 24 | 7.2% | -24.7% | ||
| Q3 24 | 7.9% | -30.4% | ||
| Q2 24 | 6.8% | -26.6% | ||
| Q1 24 | 3.3% | -37.7% |
净利率DYRBLX
| Q4 25 | 7.3% | -22.3% | ||
| Q3 25 | 7.1% | -18.8% | ||
| Q2 25 | 4.9% | -25.8% | ||
| Q1 25 | 3.0% | -20.8% | ||
| Q4 24 | 5.5% | -22.2% | ||
| Q3 24 | 5.7% | -26.0% | ||
| Q2 24 | 5.5% | -23.0% | ||
| Q1 24 | 2.5% | -33.8% |
每股收益（稀释后）DYRBLX
| Q4 25 | $3.63 | $-0.44 | ||
| Q3 25 | $3.33 | $-0.37 | ||
| Q2 25 | $2.09 | $-0.41 | ||
| Q1 25 | $1.11 | $-0.32 | ||
| Q4 24 | $2.37 | $-0.32 | ||
| Q3 24 | $2.32 | $-0.37 | ||
| Q2 24 | $2.12 | $-0.32 | ||
| Q1 24 | $0.79 | $-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 | $110.1M | $3.1B |
| 总债务越低越好 | — | $1.2B |
| 股东权益账面价值 | $1.5B | $394.5M |
| 总资产 | $3.3B | $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DYRBLX
| Q4 25 | $110.1M | $3.1B | ||
| Q3 25 | $28.5M | $2.9B | ||
| Q2 25 | $16.1M | $2.6B | ||
| Q1 25 | $92.7M | $2.7B | ||
| Q4 24 | $15.3M | $2.4B | ||
| Q3 24 | $19.6M | $2.3B | ||
| Q2 24 | $26.1M | $2.4B | ||
| Q1 24 | $101.1M | $2.4B |
总债务DYRBLX
| Q4 25 | — | $1.2B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益DYRBLX
| Q4 25 | $1.5B | $394.5M | ||
| Q3 25 | $1.4B | $407.6M | ||
| Q2 25 | $1.3B | $353.2M | ||
| Q1 25 | $1.2B | $310.7M | ||
| Q4 24 | $1.2B | $221.4M | ||
| Q3 24 | $1.2B | $189.9M | ||
| Q2 24 | $1.1B | $121.5M | ||
| Q1 24 | $1.1B | $71.6M |
总资产DYRBLX
| Q4 25 | $3.3B | $9.6B | ||
| Q3 25 | $3.2B | $8.6B | ||
| Q2 25 | $3.1B | $7.8B | ||
| Q1 25 | $2.9B | $7.5B | ||
| Q4 24 | $3.1B | $7.2B | ||
| Q3 24 | $2.8B | $6.7B | ||
| Q2 24 | $2.6B | $6.5B | ||
| Q1 24 | $2.5B | $6.3B |
负债/权益比DYRBLX
| Q4 25 | — | 2.98× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 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 | $220.0M | $607.0M |
| 自由现金流经营现金流 - 资本支出 | $164.8M | $308.6M |
| 自由现金流率自由现金流/营收 | 11.4% | 21.8% |
| 资本支出强度资本支出/营收 | 3.8% | 21.1% |
| 现金转化率经营现金流/净利润 | 2.07× | — |
| 过去12个月自由现金流最近4个季度 | $296.8M | $1.4B |
8季度趋势，按日历期对齐
经营现金流DYRBLX
| Q4 25 | $220.0M | $607.0M | ||
| Q3 25 | $57.4M | $546.2M | ||
| Q2 25 | $-54.0M | $199.3M | ||
| Q1 25 | $328.2M | $443.9M | ||
| Q4 24 | $65.8M | $184.5M | ||
| Q3 24 | $-7.5M | $247.4M | ||
| Q2 24 | $-37.4M | $151.4M | ||
| Q1 24 | $325.1M | $238.9M |
自由现金流DYRBLX
| Q4 25 | $164.8M | $308.6M | ||
| Q3 25 | $5.8M | $443.6M | ||
| Q2 25 | $-133.5M | $176.7M | ||
| Q1 25 | $259.7M | $426.5M | ||
| Q4 24 | $-8.8M | $120.6M | ||
| Q3 24 | $-72.9M | $218.0M | ||
| Q2 24 | $-79.4M | $111.7M | ||
| Q1 24 | $267.7M | $192.3M |
自由现金流率DYRBLX
| Q4 25 | 11.4% | 21.8% | ||
| Q3 25 | 0.4% | 32.6% | ||
| Q2 25 | -10.6% | 16.3% | ||
| Q1 25 | 23.9% | 41.2% | ||
| Q4 24 | -0.7% | 12.2% | ||
| Q3 24 | -6.1% | 23.7% | ||
| Q2 24 | -6.9% | 12.5% | ||
| Q1 24 | 28.1% | 24.0% |
资本支出强度DYRBLX
| Q4 25 | 3.8% | 21.1% | ||
| Q3 25 | 3.8% | 7.5% | ||
| Q2 25 | 6.3% | 2.1% | ||
| Q1 25 | 6.3% | 1.7% | ||
| Q4 24 | 5.9% | 6.5% | ||
| Q3 24 | 5.4% | 3.2% | ||
| Q2 24 | 3.7% | 4.4% | ||
| Q1 24 | 6.0% | 5.8% |
现金转化率DYRBLX
| Q4 25 | 2.07× | — | ||
| Q3 25 | 0.59× | — | ||
| Q2 25 | -0.88× | — | ||
| Q1 25 | 10.05× | — | ||
| Q4 24 | 0.94× | — | ||
| Q3 24 | -0.11× | — | ||
| Q2 24 | -0.60× | — | ||
| Q1 24 | 13.88× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
