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Global Business Travel Group, Inc.（GBTG）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Global Business Travel Group, Inc.的1.8倍（$1.4B vs $792.0M），Global Business Travel Group, Inc.净利率更高（10.5% vs -22.3%，领先32.8%），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 $13.0M），过去两年罗布乐思的营收复合增速更高（32.9% vs 13.9%）
环球商旅集团（GBTG）是专业的差旅管理服务商，致力于为各类企业及机构提供全链路商务出行解决方案。核心服务涵盖智能线上预订工具、移动端应用、差旅项目管控与咨询、高管专属出行服务、会议活动支持、差旅数据分析以及出行安全保障等，可满足不同规模客户的多元化商务出行管理需求。
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。
GBTG vs RBLX — 直观对比
营收规模更大
RBLX
是对方的1.8倍
$792.0M
营收增速更快
RBLX
高出9.2%
34.0%
净利率更高
GBTG
高出32.8%
-22.3%
自由现金流更多
RBLX
多$295.6M
$13.0M
两年增速更快
RBLX
近两年复合增速
13.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $792.0M | $1.4B |
| 净利润 | $83.0M | $-316.0M |
| 毛利率 | — | 77.7% |
| 营业利润率 | 3.7% | -25.3% |
| 净利率 | 10.5% | -22.3% |
| 营收同比 | 34.0% | 43.2% |
| 净利润同比 | 692.9% | -43.9% |
| 每股收益（稀释后） | $0.16 | $-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GBTGRBLX
| Q4 25 | $792.0M | $1.4B | ||
| Q3 25 | $674.0M | $1.4B | ||
| Q2 25 | $631.0M | $1.1B | ||
| Q1 25 | $621.0M | $1.0B | ||
| Q4 24 | $591.0M | $988.2M | ||
| Q3 24 | $597.0M | $919.0M | ||
| Q2 24 | $625.0M | $893.5M | ||
| Q1 24 | $610.0M | $801.3M |
净利润GBTGRBLX
| Q4 25 | $83.0M | $-316.0M | ||
| Q3 25 | $-62.0M | $-255.6M | ||
| Q2 25 | $15.0M | $-278.4M | ||
| Q1 25 | $75.0M | $-215.1M | ||
| Q4 24 | $-14.0M | $-219.6M | ||
| Q3 24 | $-128.0M | $-239.3M | ||
| Q2 24 | $27.0M | $-205.9M | ||
| Q1 24 | $-19.0M | $-270.6M |
毛利率GBTGRBLX
| 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GBTGRBLX
| Q4 25 | 3.7% | -25.3% | ||
| Q3 25 | 1.8% | -21.8% | ||
| Q2 25 | 5.4% | -29.8% | ||
| Q1 25 | 8.9% | -24.6% | ||
| Q4 24 | 5.1% | -24.7% | ||
| Q3 24 | 4.5% | -30.4% | ||
| Q2 24 | 6.7% | -26.6% | ||
| Q1 24 | 2.6% | -37.7% |
净利率GBTGRBLX
| Q4 25 | 10.5% | -22.3% | ||
| Q3 25 | -9.2% | -18.8% | ||
| Q2 25 | 2.4% | -25.8% | ||
| Q1 25 | 12.1% | -20.8% | ||
| Q4 24 | -2.4% | -22.2% | ||
| Q3 24 | -21.4% | -26.0% | ||
| Q2 24 | 4.3% | -23.0% | ||
| Q1 24 | -3.1% | -33.8% |
每股收益（稀释后）GBTGRBLX
| Q4 25 | $0.16 | $-0.44 | ||
| Q3 25 | $-0.13 | $-0.37 | ||
| Q2 25 | $0.03 | $-0.41 | ||
| Q1 25 | $0.16 | $-0.32 | ||
| Q4 24 | $-0.04 | $-0.32 | ||
| Q3 24 | $-0.28 | $-0.37 | ||
| Q2 24 | $0.06 | $-0.32 | ||
| Q1 24 | $-0.04 | $-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 | $434.0M | $3.1B |
| 总债务越低越好 | $1.4B | $1.2B |
| 股东权益账面价值 | $1.6B | $394.5M |
| 总资产 | $4.9B | $9.6B |
| 负债/权益比越低杠杆越低 | 0.88× | 2.98× |
8季度趋势，按日历期对齐
现金及短期投资GBTGRBLX
| Q4 25 | $434.0M | $3.1B | ||
| Q3 25 | $427.0M | $2.9B | ||
| Q2 25 | $601.0M | $2.6B | ||
| Q1 25 | $552.0M | $2.7B | ||
| Q4 24 | $536.0M | $2.4B | ||
| Q3 24 | $524.0M | $2.3B | ||
| Q2 24 | $515.0M | $2.4B | ||
| Q1 24 | $475.0M | $2.4B |
总债务GBTGRBLX
| Q4 25 | $1.4B | $1.2B | ||
| Q3 25 | $1.4B | — | ||
| Q2 25 | $1.4B | — | ||
| Q1 25 | $1.4B | — | ||
| Q4 24 | $1.4B | $1.2B | ||
| Q3 24 | $1.4B | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益GBTGRBLX
| Q4 25 | $1.6B | $394.5M | ||
| Q3 25 | $1.5B | $407.6M | ||
| Q2 25 | $1.2B | $353.2M | ||
| Q1 25 | $1.1B | $310.7M | ||
| Q4 24 | $1.1B | $221.4M | ||
| Q3 24 | $1.1B | $189.9M | ||
| Q2 24 | $1.2B | $121.5M | ||
| Q1 24 | $1.2B | $71.6M |
总资产GBTGRBLX
| Q4 25 | $4.9B | $9.6B | ||
| Q3 25 | $4.8B | $8.6B | ||
| Q2 25 | $3.9B | $7.8B | ||
| Q1 25 | $3.8B | $7.5B | ||
| Q4 24 | $3.6B | $7.2B | ||
| Q3 24 | $3.8B | $6.7B | ||
| Q2 24 | $3.8B | $6.5B | ||
| Q1 24 | $3.8B | $6.3B |
负债/权益比GBTGRBLX
| Q4 25 | 0.88× | 2.98× | ||
| Q3 25 | 0.91× | — | ||
| Q2 25 | 1.15× | — | ||
| Q1 25 | 1.23× | — | ||
| Q4 24 | 1.32× | 5.48× | ||
| Q3 24 | 1.26× | — | ||
| 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 | $52.0M | $607.0M |
| 自由现金流经营现金流 - 资本支出 | $13.0M | $308.6M |
| 自由现金流率自由现金流/营收 | 1.6% | 21.8% |
| 资本支出强度资本支出/营收 | 4.9% | 21.1% |
| 现金转化率经营现金流/净利润 | 0.63× | — |
| 过去12个月自由现金流最近4个季度 | $104.0M | $1.4B |
8季度趋势，按日历期对齐
经营现金流GBTGRBLX
| Q4 25 | $52.0M | $607.0M | ||
| Q3 25 | $71.0M | $546.2M | ||
| Q2 25 | $57.0M | $199.3M | ||
| Q1 25 | $53.0M | $443.9M | ||
| Q4 24 | $65.0M | $184.5M | ||
| Q3 24 | $85.0M | $247.4M | ||
| Q2 24 | $73.0M | $151.4M | ||
| Q1 24 | $49.0M | $238.9M |
自由现金流GBTGRBLX
| Q4 25 | $13.0M | $308.6M | ||
| Q3 25 | $38.0M | $443.6M | ||
| Q2 25 | $27.0M | $176.7M | ||
| Q1 25 | $26.0M | $426.5M | ||
| Q4 24 | $33.0M | $120.6M | ||
| Q3 24 | $59.0M | $218.0M | ||
| Q2 24 | $49.0M | $111.7M | ||
| Q1 24 | $24.0M | $192.3M |
自由现金流率GBTGRBLX
| Q4 25 | 1.6% | 21.8% | ||
| Q3 25 | 5.6% | 32.6% | ||
| Q2 25 | 4.3% | 16.3% | ||
| Q1 25 | 4.2% | 41.2% | ||
| Q4 24 | 5.6% | 12.2% | ||
| Q3 24 | 9.9% | 23.7% | ||
| Q2 24 | 7.8% | 12.5% | ||
| Q1 24 | 3.9% | 24.0% |
资本支出强度GBTGRBLX
| Q4 25 | 4.9% | 21.1% | ||
| Q3 25 | 4.9% | 7.5% | ||
| Q2 25 | 4.8% | 2.1% | ||
| Q1 25 | 4.3% | 1.7% | ||
| Q4 24 | 5.4% | 6.5% | ||
| Q3 24 | 4.4% | 3.2% | ||
| Q2 24 | 3.8% | 4.4% | ||
| Q1 24 | 4.1% | 5.8% |
现金转化率GBTGRBLX
| Q4 25 | 0.63× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 3.80× | — | ||
| Q1 25 | 0.71× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 2.70× | — | ||
| Q1 24 | — | — |
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
GBTG
| Travel | $620.0M | 78% |
| Other | $172.0M | 22% |
RBLX
暂无分部数据
