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FULLER H B CO（FUL）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FULLER H B CO的1.6倍（$1.4B vs $892.0M），FULLER H B CO净利率更高（7.5% vs 5.8%，领先1.8%），ROKU, INC同比增速更快（16.1% vs -2.8%），ROKU, INC自由现金流更多（$106.6M vs $68.9M），过去两年ROKU, INC的营收复合增速更高（25.8% vs 5.0%）
H.B.富勒公司是总部位于美国明尼苏达州圣保罗的跨国粘合剂制造企业，全球第四大粘合剂及密封剂生产商。公司拥有超过20000种产品，广泛应用于建筑、工程、电子、卫生用品、食品包装等领域，在26个国家设有81座生产基地，2024年员工规模约7500人。
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。
FUL vs ROKU — 直观对比
营收规模更大
ROKU
是对方的1.6倍
$892.0M
营收增速更快
ROKU
高出19.0%
-2.8%
净利率更高
FUL
高出1.8%
5.8%
自由现金流更多
ROKU
多$37.6M
$68.9M
两年增速更快
ROKU
近两年复合增速
5.0%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $892.0M | $1.4B |
| 净利润 | $67.2M | $80.5M |
| 毛利率 | 32.0% | 43.5% |
| 营业利润率 | 12.3% | 4.7% |
| 净利率 | 7.5% | 5.8% |
| 营收同比 | -2.8% | 16.1% |
| 净利润同比 | 21.3% | 326.4% |
| 每股收益（稀释后） | $1.22 | $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FULROKU
| Q4 25 | — | $1.4B | ||
| Q3 25 | $892.0M | $1.2B | ||
| Q2 25 | $898.1M | $1.1B | ||
| Q1 25 | — | $1.0B | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | $917.9M | $1.1B | ||
| Q2 24 | — | $968.2M | ||
| Q1 24 | $810.4M | $881.5M |
净利润FULROKU
| Q4 25 | — | $80.5M | ||
| Q3 25 | $67.2M | $24.8M | ||
| Q2 25 | $41.8M | $10.5M | ||
| Q1 25 | — | $-27.4M | ||
| Q4 24 | — | $-35.5M | ||
| Q3 24 | $55.4M | $-9.0M | ||
| Q2 24 | — | $-34.0M | ||
| Q1 24 | $31.0M | $-50.9M |
毛利率FULROKU
| Q4 25 | — | 43.5% | ||
| Q3 25 | 32.0% | 43.4% | ||
| Q2 25 | 31.9% | 44.8% | ||
| Q1 25 | — | 43.6% | ||
| Q4 24 | — | 42.7% | ||
| Q3 24 | 30.0% | 45.2% | ||
| Q2 24 | — | 43.9% | ||
| Q1 24 | 29.5% | 44.1% |
营业利润率FULROKU
| Q4 25 | — | 4.7% | ||
| Q3 25 | 12.3% | 0.8% | ||
| Q2 25 | 11.1% | -2.1% | ||
| Q1 25 | — | -5.7% | ||
| Q4 24 | — | -3.3% | ||
| Q3 24 | 11.4% | -3.4% | ||
| Q2 24 | — | -7.4% | ||
| Q1 24 | 8.3% | -8.2% |
净利率FULROKU
| Q4 25 | — | 5.8% | ||
| Q3 25 | 7.5% | 2.0% | ||
| Q2 25 | 4.7% | 0.9% | ||
| Q1 25 | — | -2.7% | ||
| Q4 24 | — | -3.0% | ||
| Q3 24 | 6.0% | -0.9% | ||
| Q2 24 | — | -3.5% | ||
| Q1 24 | 3.8% | -5.8% |
每股收益（稀释后）FULROKU
| Q4 25 | — | $0.55 | ||
| Q3 25 | $1.22 | $0.16 | ||
| Q2 25 | $0.76 | $0.07 | ||
| Q1 25 | — | $-0.19 | ||
| Q4 24 | — | $-0.24 | ||
| Q3 24 | $0.98 | $-0.06 | ||
| Q2 24 | — | $-0.24 | ||
| Q1 24 | $0.55 | $-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 | $122.5M | $2.3B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.0B | $2.7B |
| 总资产 | $5.2B | $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FULROKU
| Q4 25 | — | $2.3B | ||
| Q3 25 | $122.5M | $2.3B | ||
| Q2 25 | $96.8M | $2.3B | ||
| Q1 25 | — | $2.3B | ||
| Q4 24 | — | $2.2B | ||
| Q3 24 | $131.4M | $2.1B | ||
| Q2 24 | — | $2.1B | ||
| Q1 24 | $165.2M | $2.1B |
股东权益FULROKU
| Q4 25 | — | $2.7B | ||
| Q3 25 | $2.0B | $2.6B | ||
| Q2 25 | $1.9B | $2.6B | ||
| Q1 25 | — | $2.5B | ||
| Q4 24 | — | $2.5B | ||
| Q3 24 | $1.8B | $2.5B | ||
| Q2 24 | — | $2.4B | ||
| Q1 24 | $1.8B | $2.4B |
总资产FULROKU
| Q4 25 | — | $4.4B | ||
| Q3 25 | $5.2B | $4.4B | ||
| Q2 25 | $5.1B | $4.3B | ||
| Q1 25 | — | $4.2B | ||
| Q4 24 | — | $4.3B | ||
| Q3 24 | $5.0B | $4.3B | ||
| Q2 24 | — | $4.1B | ||
| Q1 24 | $4.7B | $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 | $99.0M | $107.7M |
| 自由现金流经营现金流 - 资本支出 | $68.9M | $106.6M |
| 自由现金流率自由现金流/营收 | 7.7% | 7.6% |
| 资本支出强度资本支出/营收 | 3.4% | 0.1% |
| 现金转化率经营现金流/净利润 | 1.47× | 1.34× |
| 过去12个月自由现金流最近4个季度 | — | $478.4M |
8季度趋势，按日历期对齐
经营现金流FULROKU
| Q4 25 | — | $107.7M | ||
| Q3 25 | $99.0M | $127.6M | ||
| Q2 25 | — | $109.7M | ||
| Q1 25 | — | $138.7M | ||
| Q4 24 | — | $79.3M | ||
| Q3 24 | $169.4M | $68.7M | ||
| Q2 24 | — | $23.4M | ||
| Q1 24 | $47.4M | $46.7M |
自由现金流FULROKU
| Q4 25 | — | $106.6M | ||
| Q3 25 | $68.9M | $126.5M | ||
| Q2 25 | — | $108.6M | ||
| Q1 25 | — | $136.8M | ||
| Q4 24 | — | $76.8M | ||
| Q3 24 | $99.9M | $67.6M | ||
| Q2 24 | — | $22.5M | ||
| Q1 24 | $4.1M | $46.0M |
自由现金流率FULROKU
| Q4 25 | — | 7.6% | ||
| Q3 25 | 7.7% | 10.4% | ||
| Q2 25 | — | 9.8% | ||
| Q1 25 | — | 13.4% | ||
| Q4 24 | — | 6.4% | ||
| Q3 24 | 10.9% | 6.4% | ||
| Q2 24 | — | 2.3% | ||
| Q1 24 | 0.5% | 5.2% |
资本支出强度FULROKU
| Q4 25 | — | 0.1% | ||
| Q3 25 | 3.4% | 0.1% | ||
| Q2 25 | — | 0.1% | ||
| Q1 25 | — | 0.2% | ||
| Q4 24 | — | 0.2% | ||
| Q3 24 | 7.6% | 0.1% | ||
| Q2 24 | — | 0.1% | ||
| Q1 24 | 5.3% | 0.1% |
现金转化率FULROKU
| Q4 25 | — | 1.34× | ||
| Q3 25 | 1.47× | 5.14× | ||
| Q2 25 | — | 10.45× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 3.06× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 1.53× | — |
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
FUL
| Hygiene Health And Consumable Adhesives | $386.1M | 43% |
| Engineering Adhesives | $272.3M | 31% |
| Building Adhesives Solutions | $233.7M | 26% |
ROKU
| Services | $1.2B | 88% |
| Products | $170.9M | 12% |
