vs
伊萨（ESAB）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伊萨的1.9倍（$1.4B vs $727.8M），伊萨净利率更高（7.5% vs -22.3%，领先29.9%），罗布乐思同比增速更快（43.2% vs 8.5%），罗布乐思自由现金流更多（$308.6M vs $70.3M），过去两年罗布乐思的营收复合增速更高（32.9% vs 2.8%）
ESAB（全称Elektriska Svetsnings-Aktiebolaget）是一家美国与瑞典合资的跨国工业企业，主营焊接、切割设备及配套耗材的研发、生产与销售，为全球制造业、基建等多领域客户提供专业可靠的工业解决方案，在全球工业市场拥有较高知名度。
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。
ESAB vs RBLX — 直观对比
营收规模更大
RBLX
是对方的1.9倍
$727.8M
营收增速更快
RBLX
高出34.7%
8.5%
净利率更高
ESAB
高出29.9%
-22.3%
自由现金流更多
RBLX
多$238.3M
$70.3M
两年增速更快
RBLX
近两年复合增速
2.8%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $727.8M | $1.4B |
| 净利润 | $54.8M | $-316.0M |
| 毛利率 | 37.0% | 77.7% |
| 营业利润率 | 14.6% | -25.3% |
| 净利率 | 7.5% | -22.3% |
| 营收同比 | 8.5% | 43.2% |
| 净利润同比 | 2.1% | -43.9% |
| 每股收益（稀释后） | $0.90 | $-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ESABRBLX
| Q4 25 | $727.8M | $1.4B | ||
| Q3 25 | $715.6M | $1.4B | ||
| Q2 25 | $678.1M | $1.1B | ||
| Q1 25 | — | $1.0B | ||
| Q4 24 | $670.8M | $988.2M | ||
| Q3 24 | $673.3M | $919.0M | ||
| Q2 24 | $707.1M | $893.5M | ||
| Q1 24 | $689.7M | $801.3M |
净利润ESABRBLX
| Q4 25 | $54.8M | $-316.0M | ||
| Q3 25 | $66.9M | $-255.6M | ||
| Q2 25 | $67.4M | $-278.4M | ||
| Q1 25 | — | $-215.1M | ||
| Q4 24 | $53.7M | $-219.6M | ||
| Q3 24 | $68.2M | $-239.3M | ||
| Q2 24 | $82.9M | $-205.9M | ||
| Q1 24 | $60.0M | $-270.6M |
毛利率ESABRBLX
| Q4 25 | 37.0% | 77.7% | ||
| Q3 25 | 37.2% | 78.2% | ||
| Q2 25 | 37.6% | 78.2% | ||
| Q1 25 | — | 78.3% | ||
| Q4 24 | 38.5% | 77.9% | ||
| Q3 24 | 37.7% | 77.7% | ||
| Q2 24 | 38.2% | 77.8% | ||
| Q1 24 | 37.0% | 77.7% |
营业利润率ESABRBLX
| Q4 25 | 14.6% | -25.3% | ||
| Q3 25 | 15.2% | -21.8% | ||
| Q2 25 | 16.2% | -29.8% | ||
| Q1 25 | — | -24.6% | ||
| Q4 24 | 16.6% | -24.7% | ||
| Q3 24 | 15.7% | -30.4% | ||
| Q2 24 | 16.9% | -26.6% | ||
| Q1 24 | 16.0% | -37.7% |
净利率ESABRBLX
| Q4 25 | 7.5% | -22.3% | ||
| Q3 25 | 9.3% | -18.8% | ||
| Q2 25 | 9.9% | -25.8% | ||
| Q1 25 | — | -20.8% | ||
| Q4 24 | 8.0% | -22.2% | ||
| Q3 24 | 10.1% | -26.0% | ||
| Q2 24 | 11.7% | -23.0% | ||
| Q1 24 | 8.7% | -33.8% |
每股收益（稀释后）ESABRBLX
| Q4 25 | $0.90 | $-0.44 | ||
| Q3 25 | $1.09 | $-0.37 | ||
| Q2 25 | $1.10 | $-0.41 | ||
| Q1 25 | — | $-0.32 | ||
| Q4 24 | $0.87 | $-0.32 | ||
| Q3 24 | $1.11 | $-0.37 | ||
| Q2 24 | $1.35 | $-0.32 | ||
| Q1 24 | $0.98 | $-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 | $218.2M | $3.1B |
| 总债务越低越好 | $1.3B | $1.2B |
| 股东权益账面价值 | $2.1B | $394.5M |
| 总资产 | $4.9B | $9.6B |
| 负债/权益比越低杠杆越低 | 0.63× | 2.98× |
8季度趋势，按日历期对齐
现金及短期投资ESABRBLX
| Q4 25 | $218.2M | $3.1B | ||
| Q3 25 | $258.2M | $2.9B | ||
| Q2 25 | $291.3M | $2.6B | ||
| Q1 25 | — | $2.7B | ||
| Q4 24 | $249.4M | $2.4B | ||
| Q3 24 | $253.7M | $2.3B | ||
| Q2 24 | $228.5M | $2.4B | ||
| Q1 24 | $76.5M | $2.4B |
总债务ESABRBLX
| Q4 25 | $1.3B | $1.2B | ||
| Q3 25 | $1.1B | — | ||
| Q2 25 | $1.1B | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.1B | $1.2B | ||
| Q3 24 | $1.1B | — | ||
| Q2 24 | $1.1B | — | ||
| Q1 24 | $992.8M | — |
股东权益ESABRBLX
| Q4 25 | $2.1B | $394.5M | ||
| Q3 25 | $2.1B | $407.6M | ||
| Q2 25 | $1.9B | $353.2M | ||
| Q1 25 | — | $310.7M | ||
| Q4 24 | $1.8B | $221.4M | ||
| Q3 24 | $1.8B | $189.9M | ||
| Q2 24 | $1.7B | $121.5M | ||
| Q1 24 | $1.6B | $71.6M |
总资产ESABRBLX
| Q4 25 | $4.9B | $9.6B | ||
| Q3 25 | $4.4B | $8.6B | ||
| Q2 25 | $4.2B | $7.8B | ||
| Q1 25 | — | $7.5B | ||
| Q4 24 | $4.0B | $7.2B | ||
| Q3 24 | $4.1B | $6.7B | ||
| Q2 24 | $4.0B | $6.5B | ||
| Q1 24 | $3.8B | $6.3B |
负债/权益比ESABRBLX
| Q4 25 | 0.63× | 2.98× | ||
| Q3 25 | 0.51× | — | ||
| Q2 25 | 0.55× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.60× | 5.48× | ||
| Q3 24 | 0.59× | — | ||
| Q2 24 | 0.63× | — | ||
| Q1 24 | 0.61× | — |
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 | $81.5M | $607.0M |
| 自由现金流经营现金流 - 资本支出 | $70.3M | $308.6M |
| 自由现金流率自由现金流/营收 | 9.7% | 21.8% |
| 资本支出强度资本支出/营收 | 1.5% | 21.1% |
| 现金转化率经营现金流/净利润 | 1.49× | — |
| 过去12个月自由现金流最近4个季度 | $238.0M | $1.4B |
8季度趋势，按日历期对齐
经营现金流ESABRBLX
| Q4 25 | $81.5M | $607.0M | ||
| Q3 25 | $46.6M | $546.2M | ||
| Q2 25 | $35.4M | $199.3M | ||
| Q1 25 | — | $443.9M | ||
| Q4 24 | $126.9M | $184.5M | ||
| Q3 24 | $101.0M | $247.4M | ||
| Q2 24 | $83.0M | $151.4M | ||
| Q1 24 | $44.5M | $238.9M |
自由现金流ESABRBLX
| Q4 25 | $70.3M | $308.6M | ||
| Q3 25 | $37.4M | $443.6M | ||
| Q2 25 | $28.1M | $176.7M | ||
| Q1 25 | — | $426.5M | ||
| Q4 24 | $102.2M | $120.6M | ||
| Q3 24 | $90.4M | $218.0M | ||
| Q2 24 | $74.0M | $111.7M | ||
| Q1 24 | $37.1M | $192.3M |
自由现金流率ESABRBLX
| Q4 25 | 9.7% | 21.8% | ||
| Q3 25 | 5.2% | 32.6% | ||
| Q2 25 | 4.1% | 16.3% | ||
| Q1 25 | — | 41.2% | ||
| Q4 24 | 15.2% | 12.2% | ||
| Q3 24 | 13.4% | 23.7% | ||
| Q2 24 | 10.5% | 12.5% | ||
| Q1 24 | 5.4% | 24.0% |
资本支出强度ESABRBLX
| Q4 25 | 1.5% | 21.1% | ||
| Q3 25 | 1.3% | 7.5% | ||
| Q2 25 | 1.1% | 2.1% | ||
| Q1 25 | — | 1.7% | ||
| Q4 24 | 3.7% | 6.5% | ||
| Q3 24 | 1.6% | 3.2% | ||
| Q2 24 | 1.3% | 4.4% | ||
| Q1 24 | 1.1% | 5.8% |
现金转化率ESABRBLX
| Q4 25 | 1.49× | — | ||
| Q3 25 | 0.70× | — | ||
| Q2 25 | 0.53× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 2.36× | — | ||
| Q3 24 | 1.48× | — | ||
| Q2 24 | 1.00× | — | ||
| Q1 24 | 0.74× | — |
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
ESAB
| Consumable Products | $477.9M | 66% |
| Equipment Products | $249.9M | 34% |
RBLX
暂无分部数据
