vs
游戏驿站（GME）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的季度营收约是游戏驿站的1.5倍（$1.2B vs $821.0M），游戏驿站净利率更高（9.4% vs -2.2%，领先11.6%），游戏驿站同比增速更快（-4.6% vs -18.3%），ROKU, INC自由现金流更多（$298.4M vs $107.0M），过去两年ROKU, INC的营收复合增速更高（13.6% vs -32.3%）
游戏驿站（GameStop Corp.）是美国知名电子游戏、消费电子及游戏周边零售企业，总部位于得克萨斯州格雷普韦恩，是全球规模最大的电子游戏零售商。截至2025年2月，公司在美、加、澳及欧洲地区共运营3203家门店，旗下拥有EB Games、ThinkGeek等多个零售品牌，前身为1984年于达拉斯成立的Babbage's。
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。
GME vs ROKU — 直观对比
营收规模更大
ROKU
是对方的1.5倍
$821.0M
营收增速更快
GME
高出13.7%
-18.3%
净利率更高
GME
高出11.6%
-2.2%
自由现金流更多
ROKU
多$191.4M
$107.0M
两年增速更快
ROKU
近两年复合增速
-32.3%
损益表 — Q3 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $821.0M | $1.2B |
| 净利润 | $77.1M | $-27.4M |
| 毛利率 | 33.3% | 35.6% |
| 营业利润率 | 5.0% | 59.7% |
| 净利率 | 9.4% | -2.2% |
| 营收同比 | -4.6% | -18.3% |
| 净利润同比 | 343.1% | -361.0% |
| 每股收益（稀释后） | $0.13 | $0.57 |
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GMEROKU
| Q1 26 | — | $1.2B | ||
| Q4 25 | $821.0M | $1.4B | ||
| Q3 25 | $972.2M | $1.2B | ||
| Q2 25 | $732.4M | $1.1B | ||
| Q1 25 | $1.3B | $1.0B | ||
| Q4 24 | $860.3M | $1.2B | ||
| Q3 24 | $798.3M | $1.1B | ||
| Q2 24 | $881.8M | $968.2M |
净利润GMEROKU
| Q1 26 | — | $-27.4M | ||
| Q4 25 | $77.1M | $80.5M | ||
| Q3 25 | $168.6M | $24.8M | ||
| Q2 25 | $44.8M | $10.5M | ||
| Q1 25 | $131.4M | $-27.4M | ||
| Q4 24 | $17.4M | $-35.5M | ||
| Q3 24 | $14.8M | $-9.0M | ||
| Q2 24 | $-32.3M | $-34.0M |
毛利率GMEROKU
| Q1 26 | — | 35.6% | ||
| Q4 25 | 33.3% | 43.5% | ||
| Q3 25 | 29.1% | 43.4% | ||
| Q2 25 | 34.5% | 44.8% | ||
| Q1 25 | 28.3% | 43.6% | ||
| Q4 24 | 29.9% | 42.7% | ||
| Q3 24 | 31.2% | 45.2% | ||
| Q2 24 | 27.7% | 43.9% |
营业利润率GMEROKU
| Q1 26 | — | 59.7% | ||
| Q4 25 | 5.0% | 4.7% | ||
| Q3 25 | 6.8% | 0.8% | ||
| Q2 25 | -1.5% | -2.1% | ||
| Q1 25 | 6.2% | -5.7% | ||
| Q4 24 | -3.9% | -3.3% | ||
| Q3 24 | -2.8% | -3.4% | ||
| Q2 24 | -5.7% | -7.4% |
净利率GMEROKU
| Q1 26 | — | -2.2% | ||
| Q4 25 | 9.4% | 5.8% | ||
| Q3 25 | 17.3% | 2.0% | ||
| Q2 25 | 6.1% | 0.9% | ||
| Q1 25 | 10.2% | -2.7% | ||
| Q4 24 | 2.0% | -3.0% | ||
| Q3 24 | 1.9% | -0.9% | ||
| Q2 24 | -3.7% | -3.5% |
每股收益（稀释后）GMEROKU
| Q1 26 | — | $0.57 | ||
| Q4 25 | $0.13 | $0.55 | ||
| Q3 25 | $0.31 | $0.16 | ||
| Q2 25 | $0.09 | $0.07 | ||
| Q1 25 | $0.36 | $-0.19 | ||
| Q4 24 | $0.04 | $-0.24 | ||
| Q3 24 | $0.04 | $-0.06 | ||
| Q2 24 | $-0.11 | $-0.24 |
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 | $8.8B | $2.4B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $5.3B | $2.7B |
| 总资产 | $10.6B | $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GMEROKU
| Q1 26 | — | $2.4B | ||
| Q4 25 | $8.8B | $2.3B | ||
| Q3 25 | $8.7B | $2.3B | ||
| Q2 25 | $6.4B | $2.3B | ||
| Q1 25 | $4.8B | $2.3B | ||
| Q4 24 | $4.6B | $2.2B | ||
| Q3 24 | $4.2B | $2.1B | ||
| Q2 24 | $1.1B | $2.1B |
总债务GMEROKU
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $16.9M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益GMEROKU
| Q1 26 | — | $2.7B | ||
| Q4 25 | $5.3B | $2.7B | ||
| Q3 25 | $5.2B | $2.6B | ||
| Q2 25 | $5.0B | $2.6B | ||
| Q1 25 | $4.9B | $2.5B | ||
| Q4 24 | $4.8B | $2.5B | ||
| Q3 24 | $4.4B | $2.5B | ||
| Q2 24 | $1.3B | $2.4B |
总资产GMEROKU
| Q1 26 | — | $4.4B | ||
| Q4 25 | $10.6B | $4.4B | ||
| Q3 25 | $10.3B | $4.4B | ||
| Q2 25 | $7.5B | $4.3B | ||
| Q1 25 | $5.9B | $4.2B | ||
| Q4 24 | $6.2B | $4.3B | ||
| Q3 24 | $5.5B | $4.3B | ||
| Q2 24 | $2.6B | $4.1B |
负债/权益比GMEROKU
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.00× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 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 | $111.3M | $199.1M |
| 自由现金流经营现金流 - 资本支出 | $107.0M | $298.4M |
| 自由现金流率自由现金流/营收 | 13.0% | 23.9% |
| 资本支出强度资本支出/营收 | 0.5% | — |
| 现金转化率经营现金流/净利润 | 1.44× | — |
| 过去12个月自由现金流最近4个季度 | $568.7M | $640.0M |
8季度趋势，按日历期对齐
经营现金流GMEROKU
| Q1 26 | — | $199.1M | ||
| Q4 25 | $111.3M | $107.7M | ||
| Q3 25 | $117.4M | $127.6M | ||
| Q2 25 | $192.5M | $109.7M | ||
| Q1 25 | $162.3M | $138.7M | ||
| Q4 24 | $24.6M | $79.3M | ||
| Q3 24 | $68.6M | $68.7M | ||
| Q2 24 | $-109.8M | $23.4M |
自由现金流GMEROKU
| Q1 26 | — | $298.4M | ||
| Q4 25 | $107.0M | $106.6M | ||
| Q3 25 | $113.3M | $126.5M | ||
| Q2 25 | $189.6M | $108.6M | ||
| Q1 25 | $158.8M | $136.8M | ||
| Q4 24 | $20.0M | $76.8M | ||
| Q3 24 | $65.5M | $67.6M | ||
| Q2 24 | $-114.7M | $22.5M |
自由现金流率GMEROKU
| Q1 26 | — | 23.9% | ||
| Q4 25 | 13.0% | 7.6% | ||
| Q3 25 | 11.7% | 10.4% | ||
| Q2 25 | 25.9% | 9.8% | ||
| Q1 25 | 12.4% | 13.4% | ||
| Q4 24 | 2.3% | 6.4% | ||
| Q3 24 | 8.2% | 6.4% | ||
| Q2 24 | -13.0% | 2.3% |
资本支出强度GMEROKU
| Q1 26 | — | — | ||
| Q4 25 | 0.5% | 0.1% | ||
| Q3 25 | 0.4% | 0.1% | ||
| Q2 25 | 0.4% | 0.1% | ||
| Q1 25 | 0.3% | 0.2% | ||
| Q4 24 | 0.5% | 0.2% | ||
| Q3 24 | 0.4% | 0.1% | ||
| Q2 24 | 0.6% | 0.1% |
现金转化率GMEROKU
| Q1 26 | — | — | ||
| Q4 25 | 1.44× | 1.34× | ||
| Q3 25 | 0.70× | 5.14× | ||
| Q2 25 | 4.30× | 10.45× | ||
| Q1 25 | 1.24× | — | ||
| Q4 24 | 1.41× | — | ||
| Q3 24 | 4.64× | — | ||
| Q2 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
GME
| Hardware And Accessories | $367.4M | 45% |
| Collectibles | $256.1M | 31% |
| Software | $197.5M | 24% |
ROKU
| Advertising | $612.7M | 49% |
| Subscriptions | $518.5M | 42% |
| Devices | $117.6M | 9% |
