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Shift4 Payments, Inc.（FOUR）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Shift4 Payments, Inc.的1.2倍（$1.4B vs $1.2B），Shift4 Payments, Inc.净利率更高（3.4% vs -22.3%，领先25.7%），罗布乐思同比增速更快（43.2% vs 34.0%），罗布乐思自由现金流更多（$308.6M vs $222.5M），过去两年罗布乐思的营收复合增速更高（32.9% vs 29.6%）
Shift4 Payments是美国支付处理服务商，总部位于宾夕法尼亚州阿伦敦，1999年由贾里德·艾萨克曼创立。公司为零售、酒店、休闲、餐饮等行业超20万家商户提供支付处理服务，主营移动支付软硬件等商业技术，2020年于纽约证券交易所挂牌上市。
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。
FOUR vs RBLX — 直观对比
营收规模更大
RBLX
是对方的1.2倍
$1.2B
营收增速更快
RBLX
高出9.2%
34.0%
净利率更高
FOUR
高出25.7%
-22.3%
自由现金流更多
RBLX
多$86.1M
$222.5M
两年增速更快
RBLX
近两年复合增速
29.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $1.4B |
| 净利润 | $40.2M | $-316.0M |
| 毛利率 | — | 77.7% |
| 营业利润率 | 10.8% | -25.3% |
| 净利率 | 3.4% | -22.3% |
| 营收同比 | 34.0% | 43.2% |
| 净利润同比 | -65.3% | -43.9% |
| 每股收益（稀释后） | — | $-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FOURRBLX
| Q4 25 | $1.2B | $1.4B | ||
| Q3 25 | $1.2B | $1.4B | ||
| Q2 25 | $966.2M | $1.1B | ||
| Q1 25 | $848.3M | $1.0B | ||
| Q4 24 | $887.0M | $988.2M | ||
| Q3 24 | $909.2M | $919.0M | ||
| Q2 24 | $827.0M | $893.5M | ||
| Q1 24 | $707.4M | $801.3M |
净利润FOURRBLX
| Q4 25 | $40.2M | $-316.0M | ||
| Q3 25 | $28.1M | $-255.6M | ||
| Q2 25 | $34.0M | $-278.4M | ||
| Q1 25 | $16.7M | $-215.1M | ||
| Q4 24 | $116.0M | $-219.6M | ||
| Q3 24 | $53.8M | $-239.3M | ||
| Q2 24 | $39.2M | $-205.9M | ||
| Q1 24 | $20.6M | $-270.6M |
毛利率FOURRBLX
| 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FOURRBLX
| Q4 25 | 10.8% | -25.3% | ||
| Q3 25 | 9.7% | -21.8% | ||
| Q2 25 | 8.6% | -29.8% | ||
| Q1 25 | 3.0% | -24.6% | ||
| Q4 24 | 9.7% | -24.7% | ||
| Q3 24 | 8.8% | -30.4% | ||
| Q2 24 | 7.2% | -26.6% | ||
| Q1 24 | 3.0% | -37.7% |
净利率FOURRBLX
| Q4 25 | 3.4% | -22.3% | ||
| Q3 25 | 2.4% | -18.8% | ||
| Q2 25 | 3.5% | -25.8% | ||
| Q1 25 | 2.0% | -20.8% | ||
| Q4 24 | 13.1% | -22.2% | ||
| Q3 24 | 5.9% | -26.0% | ||
| Q2 24 | 4.7% | -23.0% | ||
| Q1 24 | 2.9% | -33.8% |
每股收益（稀释后）FOURRBLX
| Q4 25 | — | $-0.44 | ||
| Q3 25 | — | $-0.37 | ||
| Q2 25 | — | $-0.41 | ||
| Q1 25 | — | $-0.32 | ||
| Q4 24 | — | $-0.32 | ||
| Q3 24 | — | $-0.37 | ||
| Q2 24 | — | $-0.32 | ||
| Q1 24 | — | $-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 | $964.0M | $3.1B |
| 总债务越低越好 | $4.5B | $1.2B |
| 股东权益账面价值 | $1.4B | $394.5M |
| 总资产 | $8.7B | $9.6B |
| 负债/权益比越低杠杆越低 | 3.15× | 2.98× |
8季度趋势，按日历期对齐
现金及短期投资FOURRBLX
| Q4 25 | $964.0M | $3.1B | ||
| Q3 25 | $1.5B | $2.9B | ||
| Q2 25 | $3.0B | $2.6B | ||
| Q1 25 | $1.2B | $2.7B | ||
| Q4 24 | $1.2B | $2.4B | ||
| Q3 24 | $1.4B | $2.3B | ||
| Q2 24 | $205.0M | $2.4B | ||
| Q1 24 | $522.9M | $2.4B |
总债务FOURRBLX
| Q4 25 | $4.5B | $1.2B | ||
| Q3 25 | $4.7B | — | ||
| Q2 25 | $3.7B | — | ||
| Q1 25 | $2.8B | — | ||
| Q4 24 | $2.8B | $1.2B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益FOURRBLX
| Q4 25 | $1.4B | $394.5M | ||
| Q3 25 | $1.7B | $407.6M | ||
| Q2 25 | $1.6B | $353.2M | ||
| Q1 25 | $805.2M | $310.7M | ||
| Q4 24 | $806.6M | $221.4M | ||
| Q3 24 | $811.8M | $189.9M | ||
| Q2 24 | $700.8M | $121.5M | ||
| Q1 24 | $674.5M | $71.6M |
总资产FOURRBLX
| Q4 25 | $8.7B | $9.6B | ||
| Q3 25 | $9.0B | $8.6B | ||
| Q2 25 | $7.0B | $7.8B | ||
| Q1 25 | $5.0B | $7.5B | ||
| Q4 24 | $5.0B | $7.2B | ||
| Q3 24 | $5.0B | $6.7B | ||
| Q2 24 | $3.5B | $6.5B | ||
| Q1 24 | $3.4B | $6.3B |
负债/权益比FOURRBLX
| Q4 25 | 3.15× | 2.98× | ||
| Q3 25 | 2.83× | — | ||
| Q2 25 | 2.34× | — | ||
| Q1 25 | 3.53× | — | ||
| Q4 24 | 3.52× | 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 | $223.7M | $607.0M |
| 自由现金流经营现金流 - 资本支出 | $222.5M | $308.6M |
| 自由现金流率自由现金流/营收 | 18.7% | 21.8% |
| 资本支出强度资本支出/营收 | 0.1% | 21.1% |
| 现金转化率经营现金流/净利润 | 5.56× | — |
| 过去12个月自由现金流最近4个季度 | $624.0M | $1.4B |
8季度趋势，按日历期对齐
经营现金流FOURRBLX
| Q4 25 | $223.7M | $607.0M | ||
| Q3 25 | $171.8M | $546.2M | ||
| Q2 25 | $141.9M | $199.3M | ||
| Q1 25 | $96.6M | $443.9M | ||
| Q4 24 | $145.4M | $184.5M | ||
| Q3 24 | $182.1M | $247.4M | ||
| Q2 24 | $116.1M | $151.4M | ||
| Q1 24 | $56.7M | $238.9M |
自由现金流FOURRBLX
| Q4 25 | $222.5M | $308.6M | ||
| Q3 25 | $165.4M | $443.6M | ||
| Q2 25 | $141.0M | $176.7M | ||
| Q1 25 | $95.1M | $426.5M | ||
| Q4 24 | $143.8M | $120.6M | ||
| Q3 24 | $180.1M | $218.0M | ||
| Q2 24 | $113.9M | $111.7M | ||
| Q1 24 | $55.4M | $192.3M |
自由现金流率FOURRBLX
| Q4 25 | 18.7% | 21.8% | ||
| Q3 25 | 14.1% | 32.6% | ||
| Q2 25 | 14.6% | 16.3% | ||
| Q1 25 | 11.2% | 41.2% | ||
| Q4 24 | 16.2% | 12.2% | ||
| Q3 24 | 19.8% | 23.7% | ||
| Q2 24 | 13.8% | 12.5% | ||
| Q1 24 | 7.8% | 24.0% |
资本支出强度FOURRBLX
| Q4 25 | 0.1% | 21.1% | ||
| Q3 25 | 0.5% | 7.5% | ||
| Q2 25 | 0.1% | 2.1% | ||
| Q1 25 | 0.2% | 1.7% | ||
| Q4 24 | 0.2% | 6.5% | ||
| Q3 24 | 0.2% | 3.2% | ||
| Q2 24 | 0.3% | 4.4% | ||
| Q1 24 | 0.2% | 5.8% |
现金转化率FOURRBLX
| Q4 25 | 5.56× | — | ||
| Q3 25 | 6.11× | — | ||
| Q2 25 | 4.17× | — | ||
| Q1 25 | 5.78× | — | ||
| Q4 24 | 1.25× | — | ||
| Q3 24 | 3.38× | — | ||
| Q2 24 | 2.96× | — | ||
| Q1 24 | 2.75× | — |
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
FOUR
| Payments Based Revenue | $788.8M | 66% |
| Other | $255.0M | 21% |
| Subscription And Other Revenues | $144.8M | 12% |
RBLX
暂无分部数据
