vs
自由媒体集团（FWONA）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
自由媒体集团的季度营收约是罗布乐思的1.1倍（$1.6B vs $1.4B），自由媒体集团净利率更高（20.7% vs -22.3%，领先43.0%），自由媒体集团同比增速更快（150.7% vs 43.2%），罗布乐思自由现金流更多（$308.6M vs $62.0M），过去两年罗布乐思的营收复合增速更高（32.9% vs -23.5%）
自由媒体集团是1991年由约翰·C·马龙创立的美国大型传媒企业，旗下设有两大对应独立追踪股票的业务板块，持有一级方程式集团和Live Nation Entertainment的股权，截至2025年拥有F1、世界摩托车锦标赛、世界超级摩托车锦标赛三项全球顶级赛车运动IP及运营业务。
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。
FWONA vs RBLX — 直观对比
营收规模更大
FWONA
是对方的1.1倍
$1.4B
营收增速更快
FWONA
高出107.5%
43.2%
净利率更高
FWONA
高出43.0%
-22.3%
自由现金流更多
RBLX
多$246.6M
$62.0M
两年增速更快
RBLX
近两年复合增速
-23.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.6B | $1.4B |
| 净利润 | $333.0M | $-316.0M |
| 毛利率 | — | 77.7% |
| 营业利润率 | 14.0% | -25.3% |
| 净利率 | 20.7% | -22.3% |
| 营收同比 | 150.7% | 43.2% |
| 净利润同比 | 193.8% | -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FWONARBLX
| Q4 25 | $1.6B | $1.4B | ||
| Q3 25 | $1.1B | $1.4B | ||
| Q2 25 | $1.3B | $1.1B | ||
| Q1 25 | $447.0M | $1.0B | ||
| Q4 24 | $-3.2B | $988.2M | ||
| Q3 24 | $911.0M | $919.0M | ||
| Q2 24 | $3.2B | $893.5M | ||
| Q1 24 | $2.7B | $801.3M |
净利润FWONARBLX
| Q4 25 | $333.0M | $-316.0M | ||
| Q3 25 | $13.0M | $-255.6M | ||
| Q2 25 | $204.0M | $-278.4M | ||
| Q1 25 | $5.0M | $-215.1M | ||
| Q4 24 | $-355.0M | $-219.6M | ||
| Q3 24 | $-2.4B | $-239.3M | ||
| Q2 24 | $457.0M | $-205.9M | ||
| Q1 24 | $203.0M | $-270.6M |
毛利率FWONARBLX
| 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FWONARBLX
| Q4 25 | 14.0% | -25.3% | ||
| Q3 25 | 13.7% | -21.8% | ||
| Q2 25 | 20.4% | -29.8% | ||
| Q1 25 | -15.9% | -24.6% | ||
| Q4 24 | — | -24.7% | ||
| Q3 24 | 11.7% | -30.4% | ||
| Q2 24 | 16.7% | -26.6% | ||
| Q1 24 | 18.3% | -37.7% |
净利率FWONARBLX
| Q4 25 | 20.7% | -22.3% | ||
| Q3 25 | 1.2% | -18.8% | ||
| Q2 25 | 15.2% | -25.8% | ||
| Q1 25 | 1.1% | -20.8% | ||
| Q4 24 | 11.2% | -22.2% | ||
| Q3 24 | -259.9% | -26.0% | ||
| Q2 24 | 14.4% | -23.0% | ||
| Q1 24 | 7.4% | -33.8% |
每股收益（稀释后）FWONARBLX
| 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 | $1.1B | $3.1B |
| 总债务越低越好 | $5.1B | $1.2B |
| 股东权益账面价值 | $7.8B | $394.5M |
| 总资产 | $15.4B | $9.6B |
| 负债/权益比越低杠杆越低 | 0.66× | 2.98× |
8季度趋势，按日历期对齐
现金及短期投资FWONARBLX
| Q4 25 | $1.1B | $3.1B | ||
| Q3 25 | $1.6B | $2.9B | ||
| Q2 25 | $3.4B | $2.6B | ||
| Q1 25 | $3.1B | $2.7B | ||
| Q4 24 | $3.0B | $2.4B | ||
| Q3 24 | $3.1B | $2.3B | ||
| Q2 24 | $2.1B | $2.4B | ||
| Q1 24 | $1.7B | $2.4B |
总债务FWONARBLX
| Q4 25 | $5.1B | $1.2B | ||
| Q3 25 | $7.0B | — | ||
| Q2 25 | $4.8B | — | ||
| Q1 25 | $4.6B | — | ||
| Q4 24 | $4.5B | $1.2B | ||
| Q3 24 | $4.4B | — | ||
| Q2 24 | $15.0B | — | ||
| Q1 24 | $15.4B | — |
股东权益FWONARBLX
| Q4 25 | $7.8B | $394.5M | ||
| Q3 25 | $7.4B | $407.6M | ||
| Q2 25 | $7.3B | $353.2M | ||
| Q1 25 | $7.0B | $310.7M | ||
| Q4 24 | $7.0B | $221.4M | ||
| Q3 24 | $7.4B | $189.9M | ||
| Q2 24 | $17.1B | $121.5M | ||
| Q1 24 | $16.6B | $71.6M |
总资产FWONARBLX
| Q4 25 | $15.4B | $9.6B | ||
| Q3 25 | $17.8B | $8.6B | ||
| Q2 25 | $13.8B | $7.8B | ||
| Q1 25 | $13.3B | $7.5B | ||
| Q4 24 | $12.9B | $7.2B | ||
| Q3 24 | $13.2B | $6.7B | ||
| Q2 24 | $42.6B | $6.5B | ||
| Q1 24 | $42.4B | $6.3B |
负债/权益比FWONARBLX
| Q4 25 | 0.66× | 2.98× | ||
| Q3 25 | 0.95× | — | ||
| Q2 25 | 0.65× | — | ||
| Q1 25 | 0.65× | — | ||
| Q4 24 | 0.65× | 5.48× | ||
| Q3 24 | 0.59× | — | ||
| Q2 24 | 0.88× | — | ||
| Q1 24 | 0.93× | — |
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 | $123.0M | $607.0M |
| 自由现金流经营现金流 - 资本支出 | $62.0M | $308.6M |
| 自由现金流率自由现金流/营收 | 3.9% | 21.8% |
| 资本支出强度资本支出/营收 | 3.8% | 21.1% |
| 现金转化率经营现金流/净利润 | 0.37× | — |
| 过去12个月自由现金流最近4个季度 | $789.0M | $1.4B |
8季度趋势，按日历期对齐
经营现金流FWONARBLX
| Q4 25 | $123.0M | $607.0M | ||
| Q3 25 | $173.0M | $546.2M | ||
| Q2 25 | $231.0M | $199.3M | ||
| Q1 25 | $381.0M | $443.9M | ||
| Q4 24 | $-23.0M | $184.5M | ||
| Q3 24 | $182.0M | $247.4M | ||
| Q2 24 | $752.0M | $151.4M | ||
| Q1 24 | $395.0M | $238.9M |
自由现金流FWONARBLX
| Q4 25 | $62.0M | $308.6M | ||
| Q3 25 | $170.0M | $443.6M | ||
| Q2 25 | $209.0M | $176.7M | ||
| Q1 25 | $348.0M | $426.5M | ||
| Q4 24 | $-46.0M | $120.6M | ||
| Q3 24 | $-153.0M | $218.0M | ||
| Q2 24 | $566.0M | $111.7M | ||
| Q1 24 | $194.0M | $192.3M |
自由现金流率FWONARBLX
| Q4 25 | 3.9% | 21.8% | ||
| Q3 25 | 15.7% | 32.6% | ||
| Q2 25 | 15.6% | 16.3% | ||
| Q1 25 | 77.9% | 41.2% | ||
| Q4 24 | 1.4% | 12.2% | ||
| Q3 24 | -16.8% | 23.7% | ||
| Q2 24 | 17.9% | 12.5% | ||
| Q1 24 | 7.1% | 24.0% |
资本支出强度FWONARBLX
| Q4 25 | 3.8% | 21.1% | ||
| Q3 25 | 0.3% | 7.5% | ||
| Q2 25 | 1.6% | 2.1% | ||
| Q1 25 | 7.4% | 1.7% | ||
| Q4 24 | -0.7% | 6.5% | ||
| Q3 24 | 36.8% | 3.2% | ||
| Q2 24 | 5.9% | 4.4% | ||
| Q1 24 | 7.3% | 5.8% |
现金转化率FWONARBLX
| Q4 25 | 0.37× | — | ||
| Q3 25 | 13.31× | — | ||
| Q2 25 | 1.13× | — | ||
| Q1 25 | 76.20× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 1.65× | — | ||
| Q1 24 | 1.95× | — |
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
FWONA
| Formula One | $1.4B | 87% |
| Product Service Or Other | $131.0M | 8% |
| Other | $77.0M | 5% |
RBLX
暂无分部数据
