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FIRST HORIZON CORP（FHN）与ROKU, INC（ROKU）财务数据对比。点击上方公司名可切换其他公司
ROKU, INC的季度营收约是FIRST HORIZON CORP的1.6倍（$1.4B vs $888.0M），FIRST HORIZON CORP净利率更高（29.4% vs 5.8%，领先23.6%），FIRST HORIZON CORP同比增速更快（21.8% vs 16.1%），FIRST HORIZON CORP自由现金流更多（$389.0M vs $106.6M），过去两年ROKU, INC的营收复合增速更高（25.8% vs 20.0%）
第一地平线公司（前身为第一田纳西银行）是一家成立于1864年的金融服务企业，总部位于美国田纳西州孟菲斯市。该公司通过旗下子公司第一地平线银行开展业务，网点覆盖美国东南部12个州，是该区域第四大区域性银行。
Roku是美国流媒体技术企业，2002年由安东尼·伍德创立，主营数字媒体播放器、电视硬件生产，流媒体内容分发及平台广告运营。截至2024年覆盖用户达1.45亿，是美国流媒体视频分发领域的市场领导者，业务覆盖澳、加、法、德、英及拉美多国。
FHN vs ROKU — 直观对比
营收规模更大
ROKU
是对方的1.6倍
$888.0M
营收增速更快
FHN
高出5.7%
16.1%
净利率更高
FHN
高出23.6%
5.8%
自由现金流更多
FHN
多$282.4M
$106.6M
两年增速更快
ROKU
近两年复合增速
20.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $888.0M | $1.4B |
| 净利润 | $261.0M | $80.5M |
| 毛利率 | — | 43.5% |
| 营业利润率 | 38.5% | 4.7% |
| 净利率 | 29.4% | 5.8% |
| 营收同比 | 21.8% | 16.1% |
| 净利润同比 | 57.2% | 326.4% |
| 每股收益（稀释后） | $0.51 | $0.55 |
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FHNROKU
| Q4 25 | $888.0M | $1.4B | ||
| Q3 25 | $889.0M | $1.2B | ||
| Q2 25 | $830.0M | $1.1B | ||
| Q1 25 | $812.0M | $1.0B | ||
| Q4 24 | $729.0M | $1.2B | ||
| Q3 24 | $827.0M | $1.1B | ||
| Q2 24 | — | $968.2M | ||
| Q1 24 | $819.0M | $881.5M |
净利润FHNROKU
| Q4 25 | $261.0M | $80.5M | ||
| Q3 25 | $262.0M | $24.8M | ||
| Q2 25 | $241.0M | $10.5M | ||
| Q1 25 | $218.0M | $-27.4M | ||
| Q4 24 | $166.0M | $-35.5M | ||
| Q3 24 | $218.0M | $-9.0M | ||
| Q2 24 | — | $-34.0M | ||
| Q1 24 | $192.0M | $-50.9M |
毛利率FHNROKU
| Q4 25 | — | 43.5% | ||
| Q3 25 | — | 43.4% | ||
| Q2 25 | — | 44.8% | ||
| Q1 25 | — | 43.6% | ||
| Q4 24 | — | 42.7% | ||
| Q3 24 | — | 45.2% | ||
| Q2 24 | — | 43.9% | ||
| Q1 24 | — | 44.1% |
营业利润率FHNROKU
| Q4 25 | 38.5% | 4.7% | ||
| Q3 25 | 38.7% | 0.8% | ||
| Q2 25 | 37.2% | -2.1% | ||
| Q1 25 | 35.1% | -5.7% | ||
| Q4 24 | 28.8% | -3.3% | ||
| Q3 24 | 34.0% | -3.4% | ||
| Q2 24 | — | -7.4% | ||
| Q1 24 | 31.0% | -8.2% |
净利率FHNROKU
| Q4 25 | 29.4% | 5.8% | ||
| Q3 25 | 29.5% | 2.0% | ||
| Q2 25 | 29.0% | 0.9% | ||
| Q1 25 | 26.8% | -2.7% | ||
| Q4 24 | 22.8% | -3.0% | ||
| Q3 24 | 26.4% | -0.9% | ||
| Q2 24 | — | -3.5% | ||
| Q1 24 | 23.4% | -5.8% |
每股收益（稀释后）FHNROKU
| Q4 25 | $0.51 | $0.55 | ||
| Q3 25 | $0.50 | $0.16 | ||
| Q2 25 | $0.45 | $0.07 | ||
| Q1 25 | $0.41 | $-0.19 | ||
| Q4 24 | $0.29 | $-0.24 | ||
| Q3 24 | $0.40 | $-0.06 | ||
| Q2 24 | — | $-0.24 | ||
| Q1 24 | $0.33 | $-0.35 |
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 | — | $2.3B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $8.8B | $2.7B |
| 总资产 | $83.9B | $4.4B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资FHNROKU
| Q4 25 | — | $2.3B | ||
| Q3 25 | — | $2.3B | ||
| Q2 25 | — | $2.3B | ||
| Q1 25 | — | $2.3B | ||
| Q4 24 | — | $2.2B | ||
| Q3 24 | — | $2.1B | ||
| Q2 24 | — | $2.1B | ||
| Q1 24 | — | $2.1B |
股东权益FHNROKU
| Q4 25 | $8.8B | $2.7B | ||
| Q3 25 | $8.9B | $2.6B | ||
| Q2 25 | $9.0B | $2.6B | ||
| Q1 25 | $8.7B | $2.5B | ||
| Q4 24 | $8.8B | $2.5B | ||
| Q3 24 | $9.0B | $2.5B | ||
| Q2 24 | — | $2.4B | ||
| Q1 24 | $8.9B | $2.4B |
总资产FHNROKU
| Q4 25 | $83.9B | $4.4B | ||
| Q3 25 | $83.2B | $4.4B | ||
| Q2 25 | $82.1B | $4.3B | ||
| Q1 25 | $81.5B | $4.2B | ||
| Q4 24 | $82.2B | $4.3B | ||
| Q3 24 | $82.6B | $4.3B | ||
| Q2 24 | — | $4.1B | ||
| Q1 24 | $81.8B | $4.2B |
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 | $396.0M | $107.7M |
| 自由现金流经营现金流 - 资本支出 | $389.0M | $106.6M |
| 自由现金流率自由现金流/营收 | 43.8% | 7.6% |
| 资本支出强度资本支出/营收 | 0.8% | 0.1% |
| 现金转化率经营现金流/净利润 | 1.52× | 1.34× |
| 过去12个月自由现金流最近4个季度 | $595.0M | $478.4M |
8季度趋势，按日历期对齐
经营现金流FHNROKU
| Q4 25 | $396.0M | $107.7M | ||
| Q3 25 | $-200.0M | $127.6M | ||
| Q2 25 | $83.0M | $109.7M | ||
| Q1 25 | $349.0M | $138.7M | ||
| Q4 24 | $191.0M | $79.3M | ||
| Q3 24 | $389.0M | $68.7M | ||
| Q2 24 | — | $23.4M | ||
| Q1 24 | $838.0M | $46.7M |
自由现金流FHNROKU
| Q4 25 | $389.0M | $106.6M | ||
| Q3 25 | $-208.0M | $126.5M | ||
| Q2 25 | $74.0M | $108.6M | ||
| Q1 25 | $340.0M | $136.8M | ||
| Q4 24 | $174.0M | $76.8M | ||
| Q3 24 | $383.0M | $67.6M | ||
| Q2 24 | — | $22.5M | ||
| Q1 24 | $828.0M | $46.0M |
自由现金流率FHNROKU
| Q4 25 | 43.8% | 7.6% | ||
| Q3 25 | -23.4% | 10.4% | ||
| Q2 25 | 8.9% | 9.8% | ||
| Q1 25 | 41.9% | 13.4% | ||
| Q4 24 | 23.9% | 6.4% | ||
| Q3 24 | 46.3% | 6.4% | ||
| Q2 24 | — | 2.3% | ||
| Q1 24 | 101.1% | 5.2% |
资本支出强度FHNROKU
| Q4 25 | 0.8% | 0.1% | ||
| Q3 25 | 0.9% | 0.1% | ||
| Q2 25 | 1.1% | 0.1% | ||
| Q1 25 | 1.1% | 0.2% | ||
| Q4 24 | 2.3% | 0.2% | ||
| Q3 24 | 0.7% | 0.1% | ||
| Q2 24 | — | 0.1% | ||
| Q1 24 | 1.2% | 0.1% |
现金转化率FHNROKU
| Q4 25 | 1.52× | 1.34× | ||
| Q3 25 | -0.76× | 5.14× | ||
| Q2 25 | 0.34× | 10.45× | ||
| Q1 25 | 1.60× | — | ||
| Q4 24 | 1.15× | — | ||
| Q3 24 | 1.78× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 4.36× | — |
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
FHN
| Commercial Consumer And Wealth Segment | $776.0M | 87% |
| Other | $88.0M | 10% |
| Corporate | $24.0M | 3% |
ROKU
| Services | $1.2B | 88% |
| Products | $170.9M | 12% |
