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第一太阳能（FSLR）与ROKU, INC（ROKU）财务数据对比。点击上方公司名可切换其他公司
第一太阳能的季度营收约是ROKU, INC的1.2倍（$1.7B vs $1.4B），第一太阳能净利率更高（31.0% vs 5.8%，领先25.2%），ROKU, INC同比增速更快（16.1% vs 11.1%），第一太阳能自由现金流更多（$1.1B vs $106.6M），过去两年第一太阳能的营收复合增速更高（45.6% vs 25.8%）
第一太阳能是美国上市光伏面板制造商，1990年成立时名为Solar Cells, Inc.，1999年被True North Partners收购后改为现名。公司采用碲化镉（CdTe）半导体技术生产刚性薄膜光伏面板，旗下所有生产基地均提供退役面板回收服务。
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。
FSLR vs ROKU — 直观对比
营收规模更大
FSLR
是对方的1.2倍
$1.4B
营收增速更快
ROKU
高出5.0%
11.1%
净利率更高
FSLR
高出25.2%
5.8%
自由现金流更多
FSLR
多$963.6M
$106.6M
两年增速更快
FSLR
近两年复合增速
25.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.7B | $1.4B |
| 净利润 | $520.9M | $80.5M |
| 毛利率 | 39.5% | 43.5% |
| 营业利润率 | 32.6% | 4.7% |
| 净利率 | 31.0% | 5.8% |
| 营收同比 | 11.1% | 16.1% |
| 净利润同比 | 32.5% | 326.4% |
| 每股收益（稀释后） | $4.84 | $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FSLRROKU
| Q4 25 | $1.7B | $1.4B | ||
| Q3 25 | $1.6B | $1.2B | ||
| Q2 25 | $1.1B | $1.1B | ||
| Q1 25 | $844.6M | $1.0B | ||
| Q4 24 | $1.5B | $1.2B | ||
| Q3 24 | $887.7M | $1.1B | ||
| Q2 24 | $1.0B | $968.2M | ||
| Q1 24 | $794.1M | $881.5M |
净利润FSLRROKU
| Q4 25 | $520.9M | $80.5M | ||
| Q3 25 | $455.9M | $24.8M | ||
| Q2 25 | $341.9M | $10.5M | ||
| Q1 25 | $209.5M | $-27.4M | ||
| Q4 24 | $393.1M | $-35.5M | ||
| Q3 24 | $313.0M | $-9.0M | ||
| Q2 24 | $349.4M | $-34.0M | ||
| Q1 24 | $236.6M | $-50.9M |
毛利率FSLRROKU
| Q4 25 | 39.5% | 43.5% | ||
| Q3 25 | 38.3% | 43.4% | ||
| Q2 25 | 45.6% | 44.8% | ||
| Q1 25 | 40.8% | 43.6% | ||
| Q4 24 | 37.5% | 42.7% | ||
| Q3 24 | 50.2% | 45.2% | ||
| Q2 24 | 49.4% | 43.9% | ||
| Q1 24 | 43.6% | 44.1% |
营业利润率FSLRROKU
| Q4 25 | 32.6% | 4.7% | ||
| Q3 25 | 29.2% | 0.8% | ||
| Q2 25 | 33.0% | -2.1% | ||
| Q1 25 | 26.2% | -5.7% | ||
| Q4 24 | 30.2% | -3.3% | ||
| Q3 24 | 36.3% | -3.4% | ||
| Q2 24 | 36.9% | -7.4% | ||
| Q1 24 | 30.6% | -8.2% |
净利率FSLRROKU
| Q4 25 | 31.0% | 5.8% | ||
| Q3 25 | 28.6% | 2.0% | ||
| Q2 25 | 31.2% | 0.9% | ||
| Q1 25 | 24.8% | -2.7% | ||
| Q4 24 | 26.0% | -3.0% | ||
| Q3 24 | 35.3% | -0.9% | ||
| Q2 24 | 34.6% | -3.5% | ||
| Q1 24 | 29.8% | -5.8% |
每股收益（稀释后）FSLRROKU
| Q4 25 | $4.84 | $0.55 | ||
| Q3 25 | $4.24 | $0.16 | ||
| Q2 25 | $3.18 | $0.07 | ||
| Q1 25 | $1.95 | $-0.19 | ||
| Q4 24 | $3.66 | $-0.24 | ||
| Q3 24 | $2.91 | $-0.06 | ||
| Q2 24 | $3.25 | $-0.24 | ||
| Q1 24 | $2.20 | $-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 | $2.8B | $2.3B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $9.5B | $2.7B |
| 总资产 | $13.3B | $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FSLRROKU
| Q4 25 | $2.8B | $2.3B | ||
| Q3 25 | $2.0B | $2.3B | ||
| Q2 25 | $1.1B | $2.3B | ||
| Q1 25 | $837.6M | $2.3B | ||
| Q4 24 | $1.6B | $2.2B | ||
| Q3 24 | $1.0B | $2.1B | ||
| Q2 24 | $1.7B | $2.1B | ||
| Q1 24 | $1.7B | $2.1B |
股东权益FSLRROKU
| Q4 25 | $9.5B | $2.7B | ||
| Q3 25 | $9.0B | $2.6B | ||
| Q2 25 | $8.5B | $2.6B | ||
| Q1 25 | $8.2B | $2.5B | ||
| Q4 24 | $8.0B | $2.5B | ||
| Q3 24 | $7.6B | $2.5B | ||
| Q2 24 | $7.3B | $2.4B | ||
| Q1 24 | $6.9B | $2.4B |
总资产FSLRROKU
| Q4 25 | $13.3B | $4.4B | ||
| Q3 25 | $13.5B | $4.4B | ||
| Q2 25 | $12.9B | $4.3B | ||
| Q1 25 | $12.1B | $4.2B | ||
| Q4 24 | $12.1B | $4.3B | ||
| Q3 24 | $11.4B | $4.3B | ||
| Q2 24 | $11.0B | $4.1B | ||
| Q1 24 | $10.8B | $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 | $1.2B | $107.7M |
| 自由现金流经营现金流 - 资本支出 | $1.1B | $106.6M |
| 自由现金流率自由现金流/营收 | 63.6% | 7.6% |
| 资本支出强度资本支出/营收 | 10.2% | 0.1% |
| 现金转化率经营现金流/净利润 | 2.38× | 1.34× |
| 过去12个月自由现金流最近4个季度 | $1.2B | $478.4M |
8季度趋势，按日历期对齐
经营现金流FSLRROKU
| Q4 25 | $1.2B | $107.7M | ||
| Q3 25 | $1.3B | $127.6M | ||
| Q2 25 | $149.6M | $109.7M | ||
| Q1 25 | $-608.0M | $138.7M | ||
| Q4 24 | $811.0M | $79.3M | ||
| Q3 24 | $-53.7M | $68.7M | ||
| Q2 24 | $193.0M | $23.4M | ||
| Q1 24 | $267.7M | $46.7M |
自由现金流FSLRROKU
| Q4 25 | $1.1B | $106.6M | ||
| Q3 25 | $1.1B | $126.5M | ||
| Q2 25 | $-138.6M | $108.6M | ||
| Q1 25 | $-813.9M | $136.8M | ||
| Q4 24 | $497.5M | $76.8M | ||
| Q3 24 | $-487.7M | $67.6M | ||
| Q2 24 | $-172.1M | $22.5M | ||
| Q1 24 | $-145.7M | $46.0M |
自由现金流率FSLRROKU
| Q4 25 | 63.6% | 7.6% | ||
| Q3 25 | 67.1% | 10.4% | ||
| Q2 25 | -12.6% | 9.8% | ||
| Q1 25 | -96.4% | 13.4% | ||
| Q4 24 | 32.9% | 6.4% | ||
| Q3 24 | -54.9% | 6.4% | ||
| Q2 24 | -17.0% | 2.3% | ||
| Q1 24 | -18.4% | 5.2% |
资本支出强度FSLRROKU
| Q4 25 | 10.2% | 0.1% | ||
| Q3 25 | 12.8% | 0.1% | ||
| Q2 25 | 26.3% | 0.1% | ||
| Q1 25 | 24.4% | 0.2% | ||
| Q4 24 | 20.7% | 0.2% | ||
| Q3 24 | 48.9% | 0.1% | ||
| Q2 24 | 36.1% | 0.1% | ||
| Q1 24 | 52.1% | 0.1% |
现金转化率FSLRROKU
| Q4 25 | 2.38× | 1.34× | ||
| Q3 25 | 2.79× | 5.14× | ||
| Q2 25 | 0.44× | 10.45× | ||
| Q1 25 | -2.90× | — | ||
| Q4 24 | 2.06× | — | ||
| Q3 24 | -0.17× | — | ||
| Q2 24 | 0.55× | — | ||
| Q1 24 | 1.13× | — |
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
FSLR
暂无分部数据
ROKU
| Services | $1.2B | 88% |
| Products | $170.9M | 12% |
