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伊士曼化工（EMN）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
伊士曼化工的季度营收约是罗布乐思的1.4倍（$2.0B vs $1.4B），伊士曼化工净利率更高（5.3% vs -22.3%，领先27.7%），罗布乐思同比增速更快（43.2% vs -13.8%），过去两年罗布乐思的营收复合增速更高（32.9% vs -8.6%）
伊士曼化工是总部位于美国田纳西州金斯波特的全球特种材料企业，前身为柯达子公司，1920年成立，1994年独立运营。公司在全球拥有36个生产基地、约1.4万名员工，生产各类先进材料、化学品和纤维产品，广泛应用于日常生活领域，2023年销售额约92.1亿美元。
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。
EMN vs RBLX — 直观对比
营收规模更大
EMN
是对方的1.4倍
$1.4B
营收增速更快
RBLX
高出57.0%
-13.8%
净利率更高
EMN
高出27.7%
-22.3%
两年增速更快
RBLX
近两年复合增速
-8.6%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.0B | $1.4B |
| 净利润 | $105.0M | $-316.0M |
| 毛利率 | 17.1% | 77.7% |
| 营业利润率 | — | -25.3% |
| 净利率 | 5.3% | -22.3% |
| 营收同比 | -13.8% | 43.2% |
| 净利润同比 | -42.3% | -43.9% |
| 每股收益（稀释后） | $0.93 | $-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EMNRBLX
| Q1 26 | $2.0B | — | ||
| Q4 25 | $2.0B | $1.4B | ||
| Q3 25 | $2.2B | $1.4B | ||
| Q2 25 | $2.3B | $1.1B | ||
| Q1 25 | $2.3B | $1.0B | ||
| Q4 24 | $2.2B | $988.2M | ||
| Q3 24 | $2.5B | $919.0M | ||
| Q2 24 | $2.4B | $893.5M |
净利润EMNRBLX
| Q1 26 | $105.0M | — | ||
| Q4 25 | $105.0M | $-316.0M | ||
| Q3 25 | $47.0M | $-255.6M | ||
| Q2 25 | $140.0M | $-278.4M | ||
| Q1 25 | $182.0M | $-215.1M | ||
| Q4 24 | $330.0M | $-219.6M | ||
| Q3 24 | $180.0M | $-239.3M | ||
| Q2 24 | $230.0M | $-205.9M |
毛利率EMNRBLX
| Q1 26 | 17.1% | — | ||
| Q4 25 | 17.1% | 77.7% | ||
| Q3 25 | 19.7% | 78.2% | ||
| Q2 25 | 22.1% | 78.2% | ||
| Q1 25 | 24.8% | 78.3% | ||
| Q4 24 | 24.7% | 77.9% | ||
| Q3 24 | 24.6% | 77.7% | ||
| Q2 24 | 25.3% | 77.8% |
营业利润率EMNRBLX
| Q1 26 | — | — | ||
| Q4 25 | 0.6% | -25.3% | ||
| Q3 25 | 6.1% | -21.8% | ||
| Q2 25 | 7.4% | -29.8% | ||
| Q1 25 | 11.0% | -24.6% | ||
| Q4 24 | 13.2% | -24.7% | ||
| Q3 24 | 11.4% | -30.4% | ||
| Q2 24 | 12.1% | -26.6% |
净利率EMNRBLX
| Q1 26 | 5.3% | — | ||
| Q4 25 | 5.3% | -22.3% | ||
| Q3 25 | 2.1% | -18.8% | ||
| Q2 25 | 6.1% | -25.8% | ||
| Q1 25 | 7.9% | -20.8% | ||
| Q4 24 | 14.7% | -22.2% | ||
| Q3 24 | 7.3% | -26.0% | ||
| Q2 24 | 9.7% | -23.0% |
每股收益（稀释后）EMNRBLX
| Q1 26 | $0.93 | — | ||
| Q4 25 | $0.93 | $-0.44 | ||
| Q3 25 | $0.40 | $-0.37 | ||
| Q2 25 | $1.20 | $-0.41 | ||
| Q1 25 | $1.57 | $-0.32 | ||
| Q4 24 | $2.81 | $-0.32 | ||
| Q3 24 | $1.53 | $-0.37 | ||
| Q2 24 | $1.94 | $-0.32 |
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 | $566.0M | $3.1B |
| 总债务越低越好 | — | $1.2B |
| 股东权益账面价值 | $6.0B | $394.5M |
| 总资产 | $14.9B | $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EMNRBLX
| Q1 26 | $566.0M | — | ||
| Q4 25 | $566.0M | $3.1B | ||
| Q3 25 | — | $2.9B | ||
| Q2 25 | — | $2.6B | ||
| Q1 25 | — | $2.7B | ||
| Q4 24 | $837.0M | $2.4B | ||
| Q3 24 | — | $2.3B | ||
| Q2 24 | — | $2.4B |
总债务EMNRBLX
| Q1 26 | — | — | ||
| Q4 25 | — | $1.2B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益EMNRBLX
| Q1 26 | $6.0B | — | ||
| Q4 25 | $6.0B | $394.5M | ||
| Q3 25 | $5.8B | $407.6M | ||
| Q2 25 | $5.8B | $353.2M | ||
| Q1 25 | $5.9B | $310.7M | ||
| Q4 24 | $5.8B | $221.4M | ||
| Q3 24 | $5.7B | $189.9M | ||
| Q2 24 | $5.6B | $121.5M |
总资产EMNRBLX
| Q1 26 | $14.9B | — | ||
| Q4 25 | $14.9B | $9.6B | ||
| Q3 25 | $15.0B | $8.6B | ||
| Q2 25 | $15.2B | $7.8B | ||
| Q1 25 | $15.0B | $7.5B | ||
| Q4 24 | $15.2B | $7.2B | ||
| Q3 24 | $15.1B | $6.7B | ||
| Q2 24 | $14.9B | $6.5B |
负债/权益比EMNRBLX
| Q1 26 | — | — | ||
| Q4 25 | — | 2.98× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 5.48× | ||
| 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 | — | $607.0M |
| 自由现金流经营现金流 - 资本支出 | — | $308.6M |
| 自由现金流率自由现金流/营收 | — | 21.8% |
| 资本支出强度资本支出/营收 | — | 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 | — | $1.4B |
8季度趋势，按日历期对齐
经营现金流EMNRBLX
| Q1 26 | — | — | ||
| Q4 25 | $502.0M | $607.0M | ||
| Q3 25 | $402.0M | $546.2M | ||
| Q2 25 | $233.0M | $199.3M | ||
| Q1 25 | $-167.0M | $443.9M | ||
| Q4 24 | $540.0M | $184.5M | ||
| Q3 24 | $396.0M | $247.4M | ||
| Q2 24 | $367.0M | $151.4M |
自由现金流EMNRBLX
| Q1 26 | — | — | ||
| Q4 25 | $390.0M | $308.6M | ||
| Q3 25 | $265.0M | $443.6M | ||
| Q2 25 | $83.0M | $176.7M | ||
| Q1 25 | $-314.0M | $426.5M | ||
| Q4 24 | $361.0M | $120.6M | ||
| Q3 24 | $276.0M | $218.0M | ||
| Q2 24 | $252.0M | $111.7M |
自由现金流率EMNRBLX
| Q1 26 | — | — | ||
| Q4 25 | 19.8% | 21.8% | ||
| Q3 25 | 12.0% | 32.6% | ||
| Q2 25 | 3.6% | 16.3% | ||
| Q1 25 | -13.7% | 41.2% | ||
| Q4 24 | 16.1% | 12.2% | ||
| Q3 24 | 11.2% | 23.7% | ||
| Q2 24 | 10.7% | 12.5% |
资本支出强度EMNRBLX
| Q1 26 | — | — | ||
| Q4 25 | 5.7% | 21.1% | ||
| Q3 25 | 6.2% | 7.5% | ||
| Q2 25 | 6.6% | 2.1% | ||
| Q1 25 | 6.4% | 1.7% | ||
| Q4 24 | 8.0% | 6.5% | ||
| Q3 24 | 4.9% | 3.2% | ||
| Q2 24 | 4.9% | 4.4% |
现金转化率EMNRBLX
| Q1 26 | — | — | ||
| Q4 25 | 4.78× | — | ||
| Q3 25 | 8.55× | — | ||
| Q2 25 | 1.66× | — | ||
| Q1 25 | -0.92× | — | ||
| Q4 24 | 1.64× | — | ||
| Q3 24 | 2.20× | — | ||
| Q2 24 | 1.60× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
