vs
Equinix（EQIX）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
Equinix的季度营收约是罗布乐思的1.7倍（$2.4B vs $1.4B），Equinix净利率更高（0.0% vs -22.3%，领先22.3%），罗布乐思同比增速更快（43.2% vs 9.0%），罗布乐思自由现金流更多（$308.6M vs $-596.0M），过去两年罗布乐思的营收复合增速更高（32.9% vs 5.4%）
Equinix是总部位于美国加利福尼亚州雷德伍德城的跨国企业，主营互联网连接服务与数据中心托管业务，旗下数据中心此前常被业内称为“运营商酒店”，2015年1月公司正式转型为房地产投资信托基金（REIT）。
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。
EQIX vs RBLX — 直观对比
营收规模更大
EQIX
是对方的1.7倍
$1.4B
营收增速更快
RBLX
高出34.2%
9.0%
净利率更高
EQIX
高出22.3%
-22.3%
自由现金流更多
RBLX
多$904.6M
$-596.0M
两年增速更快
RBLX
近两年复合增速
5.4%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.4B | $1.4B |
| 净利润 | $415.0K | $-316.0M |
| 毛利率 | 0.1% | 77.7% |
| 营业利润率 | 0.0% | -25.3% |
| 净利率 | 0.0% | -22.3% |
| 营收同比 | 9.0% | 43.2% |
| 净利润同比 | 21.0% | -43.9% |
| 每股收益（稀释后） | $0.00 | $-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EQIXRBLX
| Q2 26 | $2.4B | — | ||
| Q1 26 | $2.4B | — | ||
| Q4 25 | $2.4B | $1.4B | ||
| Q3 25 | $2.3B | $1.4B | ||
| Q2 25 | $2.3B | $1.1B | ||
| Q1 25 | $2.2B | $1.0B | ||
| Q4 24 | $2.3B | $988.2M | ||
| Q3 24 | $2.2B | $919.0M |
净利润EQIXRBLX
| Q2 26 | $415.0K | — | ||
| Q1 26 | $265.0M | — | ||
| Q4 25 | $265.0M | $-316.0M | ||
| Q3 25 | $374.0M | $-255.6M | ||
| Q2 25 | $368.0M | $-278.4M | ||
| Q1 25 | $343.0M | $-215.1M | ||
| Q4 24 | $-14.0M | $-219.6M | ||
| Q3 24 | $297.0M | $-239.3M |
毛利率EQIXRBLX
| Q2 26 | 0.1% | — | ||
| Q1 26 | 50.5% | — | ||
| Q4 25 | 50.5% | 77.7% | ||
| Q3 25 | 50.7% | 78.2% | ||
| Q2 25 | 52.0% | 78.2% | ||
| Q1 25 | 51.3% | 78.3% | ||
| Q4 24 | 47.1% | 77.9% | ||
| Q3 24 | 50.1% | 77.7% |
营业利润率EQIXRBLX
| Q2 26 | 0.0% | — | ||
| Q1 26 | 17.4% | — | ||
| Q4 25 | 17.4% | -25.3% | ||
| Q3 25 | 20.5% | -21.8% | ||
| Q2 25 | 21.9% | -29.8% | ||
| Q1 25 | 20.6% | -24.6% | ||
| Q4 24 | 4.6% | -24.7% | ||
| Q3 24 | 19.3% | -30.4% |
净利率EQIXRBLX
| Q2 26 | 0.0% | — | ||
| Q1 26 | 11.0% | — | ||
| Q4 25 | 11.0% | -22.3% | ||
| Q3 25 | 16.1% | -18.8% | ||
| Q2 25 | 16.3% | -25.8% | ||
| Q1 25 | 15.4% | -20.8% | ||
| Q4 24 | -0.6% | -22.2% | ||
| Q3 24 | 13.5% | -26.0% |
每股收益（稀释后）EQIXRBLX
| Q2 26 | $0.00 | — | ||
| Q1 26 | $2.70 | — | ||
| Q4 25 | $2.70 | $-0.44 | ||
| Q3 25 | $3.81 | $-0.37 | ||
| Q2 25 | $3.75 | $-0.41 | ||
| Q1 25 | $3.50 | $-0.32 | ||
| Q4 24 | $-0.19 | $-0.32 | ||
| Q3 24 | $3.10 | $-0.37 |
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 | $3.1B | $3.1B |
| 总债务越低越好 | — | $1.2B |
| 股东权益账面价值 | $14.3B | $394.5M |
| 总资产 | $40.9B | $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EQIXRBLX
| Q2 26 | $3.1B | — | ||
| Q1 26 | $3.2B | — | ||
| Q4 25 | $3.2B | $3.1B | ||
| Q3 25 | $2.9B | $2.9B | ||
| Q2 25 | $4.5B | $2.6B | ||
| Q1 25 | $3.7B | $2.7B | ||
| Q4 24 | $3.6B | $2.4B | ||
| Q3 24 | $3.2B | $2.3B |
总债务EQIXRBLX
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | — | $1.2B | ||
| Q3 25 | $17.3B | — | ||
| Q2 25 | $18.1B | — | ||
| Q1 25 | $15.9B | — | ||
| Q4 24 | $15.3B | $1.2B | ||
| Q3 24 | $15.4B | — |
股东权益EQIXRBLX
| Q2 26 | $14.3B | — | ||
| Q1 26 | $14.2B | — | ||
| Q4 25 | $14.2B | $394.5M | ||
| Q3 25 | $14.2B | $407.6M | ||
| Q2 25 | $14.1B | $353.2M | ||
| Q1 25 | $13.9B | $310.7M | ||
| Q4 24 | $13.5B | $221.4M | ||
| Q3 24 | $13.6B | $189.9M |
总资产EQIXRBLX
| Q2 26 | $40.9B | — | ||
| Q1 26 | $40.1B | — | ||
| Q4 25 | $40.1B | $9.6B | ||
| Q3 25 | $38.1B | $8.6B | ||
| Q2 25 | $38.8B | $7.8B | ||
| Q1 25 | $36.1B | $7.5B | ||
| Q4 24 | $35.1B | $7.2B | ||
| Q3 24 | $35.4B | $6.7B |
负债/权益比EQIXRBLX
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | — | 2.98× | ||
| Q3 25 | 1.22× | — | ||
| Q2 25 | 1.28× | — | ||
| Q1 25 | 1.14× | — | ||
| Q4 24 | 1.13× | 5.48× | ||
| Q3 24 | 1.13× | — |
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 | $717.0M | $607.0M |
| 自由现金流经营现金流 - 资本支出 | $-596.0M | $308.6M |
| 自由现金流率自由现金流/营收 | -24.4% | 21.8% |
| 资本支出强度资本支出/营收 | 0.0% | 21.1% |
| 现金转化率经营现金流/净利润 | 1727.71× | — |
| 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EQIXRBLX
| Q2 26 | $717.0M | — | ||
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $607.0M | ||
| Q3 25 | $1.0B | $546.2M | ||
| Q2 25 | $944.0M | $199.3M | ||
| Q1 25 | $809.0M | $443.9M | ||
| Q4 24 | $981.0M | $184.5M | ||
| Q3 24 | $758.0M | $247.4M |
自由现金流EQIXRBLX
| Q2 26 | $-596.0M | — | ||
| Q1 26 | — | — | ||
| Q4 25 | $-292.0M | $308.6M | ||
| Q3 25 | $-122.0M | $443.6M | ||
| Q2 25 | $-45.0M | $176.7M | ||
| Q1 25 | $59.0M | $426.5M | ||
| Q4 24 | $-6.0M | $120.6M | ||
| Q3 24 | $34.0M | $218.0M |
自由现金流率EQIXRBLX
| Q2 26 | -24.4% | — | ||
| Q1 26 | — | — | ||
| Q4 25 | -12.1% | 21.8% | ||
| Q3 25 | -5.3% | 32.6% | ||
| Q2 25 | -2.0% | 16.3% | ||
| Q1 25 | 2.7% | 41.2% | ||
| Q4 24 | -0.3% | 12.2% | ||
| Q3 24 | 1.5% | 23.7% |
资本支出强度EQIXRBLX
| Q2 26 | 0.0% | — | ||
| Q1 26 | — | — | ||
| Q4 25 | 59.3% | 21.1% | ||
| Q3 25 | 49.1% | 7.5% | ||
| Q2 25 | 43.8% | 2.1% | ||
| Q1 25 | 33.7% | 1.7% | ||
| Q4 24 | 43.7% | 6.5% | ||
| Q3 24 | 32.9% | 3.2% |
现金转化率EQIXRBLX
| Q2 26 | 1727.71× | — | ||
| Q1 26 | — | — | ||
| Q4 25 | 4.32× | — | ||
| Q3 25 | 2.71× | — | ||
| Q2 25 | 2.57× | — | ||
| Q1 25 | 2.36× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.55× | — |
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
EQIX
| Recurring revenues | $1.0B | 43% |
| Colocation | $731.0M | 30% |
| Other | $314.0M | 13% |
| Interconnection | $251.0M | 10% |
| Managed infrastructure | $57.0M | 2% |
| Non-recurring revenues | $45.0M | 2% |
RBLX
暂无分部数据
