vs
Grocery Outlet Holding Corp.（GO）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Grocery Outlet Holding Corp.的1.2倍（$1.4B vs $1.2B），Grocery Outlet Holding Corp.净利率更高（-18.5% vs -22.3%，领先3.8%），罗布乐思同比增速更快（43.2% vs 10.7%），过去两年罗布乐思的营收复合增速更高（32.9% vs 8.3%）
Grocery Outlet Holding Corp.是美国知名的折扣清仓零售企业，旗下所有门店均为超市，主打销售品牌厂商及自有品牌供应商的库存积压与清仓商品，价格优惠。目前该公司的门店已分布在美国加利福尼亚、俄勒冈、华盛顿、爱达荷等十余州。
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。
GO vs RBLX — 直观对比
营收规模更大
RBLX
是对方的1.2倍
$1.2B
营收增速更快
RBLX
高出32.5%
10.7%
净利率更高
GO
高出3.8%
-22.3%
两年增速更快
RBLX
近两年复合增速
8.3%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $1.4B |
| 净利润 | $-224.9M | $-316.0M |
| 毛利率 | 29.7% | 77.7% |
| 营业利润率 | — | -25.3% |
| 净利率 | -18.5% | -22.3% |
| 营收同比 | 10.7% | 43.2% |
| 净利润同比 | -669.9% | -43.9% |
| 每股收益（稀释后） | $-2.22 | $-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GORBLX
| Q1 26 | $1.2B | — | ||
| Q4 25 | — | $1.4B | ||
| Q3 25 | $1.2B | $1.4B | ||
| Q2 25 | $1.2B | $1.1B | ||
| Q1 25 | $1.1B | $1.0B | ||
| Q4 24 | $1.1B | $988.2M | ||
| Q3 24 | $1.1B | $919.0M | ||
| Q2 24 | $1.1B | $893.5M |
净利润GORBLX
| Q1 26 | $-224.9M | — | ||
| Q4 25 | — | $-316.0M | ||
| Q3 25 | $11.6M | $-255.6M | ||
| Q2 25 | $5.0M | $-278.4M | ||
| Q1 25 | $-23.3M | $-215.1M | ||
| Q4 24 | $2.3M | $-219.6M | ||
| Q3 24 | $24.2M | $-239.3M | ||
| Q2 24 | $14.0M | $-205.9M |
毛利率GORBLX
| Q1 26 | 29.7% | — | ||
| Q4 25 | — | 77.7% | ||
| Q3 25 | 30.4% | 78.2% | ||
| Q2 25 | 30.6% | 78.2% | ||
| Q1 25 | 30.4% | 78.3% | ||
| Q4 24 | 29.5% | 77.9% | ||
| Q3 24 | 31.1% | 77.7% | ||
| Q2 24 | 30.9% | 77.8% |
营业利润率GORBLX
| Q1 26 | — | — | ||
| Q4 25 | — | -25.3% | ||
| Q3 25 | 2.0% | -21.8% | ||
| Q2 25 | 1.1% | -29.8% | ||
| Q1 25 | -2.0% | -24.6% | ||
| Q4 24 | 1.0% | -24.7% | ||
| Q3 24 | 3.6% | -30.4% | ||
| Q2 24 | 2.3% | -26.6% |
净利率GORBLX
| Q1 26 | -18.5% | — | ||
| Q4 25 | — | -22.3% | ||
| Q3 25 | 1.0% | -18.8% | ||
| Q2 25 | 0.4% | -25.8% | ||
| Q1 25 | -2.1% | -20.8% | ||
| Q4 24 | 0.2% | -22.2% | ||
| Q3 24 | 2.2% | -26.0% | ||
| Q2 24 | 1.2% | -23.0% |
每股收益（稀释后）GORBLX
| Q1 26 | $-2.22 | — | ||
| Q4 25 | — | $-0.44 | ||
| Q3 25 | $0.12 | $-0.37 | ||
| Q2 25 | $0.05 | $-0.41 | ||
| Q1 25 | $-0.24 | $-0.32 | ||
| Q4 24 | $0.03 | $-0.32 | ||
| Q3 24 | $0.24 | $-0.37 | ||
| Q2 24 | $0.14 | $-0.32 |
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 | $69.6M | $3.1B |
| 总债务越低越好 | $15.0M | $1.2B |
| 股东权益账面价值 | $983.7M | $394.5M |
| 总资产 | $3.1B | $9.6B |
| 负债/权益比越低杠杆越低 | 0.02× | 2.98× |
8季度趋势，按日历期对齐
现金及短期投资GORBLX
| Q1 26 | $69.6M | — | ||
| Q4 25 | — | $3.1B | ||
| Q3 25 | $52.1M | $2.9B | ||
| Q2 25 | $55.2M | $2.6B | ||
| Q1 25 | $50.9M | $2.7B | ||
| Q4 24 | $62.8M | $2.4B | ||
| Q3 24 | $68.7M | $2.3B | ||
| Q2 24 | $67.1M | $2.4B |
总债务GORBLX
| Q1 26 | $15.0M | — | ||
| Q4 25 | — | $1.2B | ||
| Q3 25 | $500.3M | — | ||
| Q2 25 | $473.9M | — | ||
| Q1 25 | $475.7M | — | ||
| Q4 24 | $477.5M | $1.2B | ||
| Q3 24 | $429.3M | — | ||
| Q2 24 | $379.2M | — |
股东权益GORBLX
| Q1 26 | $983.7M | — | ||
| Q4 25 | — | $394.5M | ||
| Q3 25 | $1.2B | $407.6M | ||
| Q2 25 | $1.2B | $353.2M | ||
| Q1 25 | $1.2B | $310.7M | ||
| Q4 24 | $1.2B | $221.4M | ||
| Q3 24 | $1.2B | $189.9M | ||
| Q2 24 | $1.2B | $121.5M |
总资产GORBLX
| Q1 26 | $3.1B | — | ||
| Q4 25 | — | $9.6B | ||
| Q3 25 | $3.4B | $8.6B | ||
| Q2 25 | $3.3B | $7.8B | ||
| Q1 25 | $3.3B | $7.5B | ||
| Q4 24 | $3.2B | $7.2B | ||
| Q3 24 | $3.1B | $6.7B | ||
| Q2 24 | $3.1B | $6.5B |
负债/权益比GORBLX
| Q1 26 | 0.02× | — | ||
| Q4 25 | — | 2.98× | ||
| Q3 25 | 0.42× | — | ||
| Q2 25 | 0.40× | — | ||
| Q1 25 | 0.40× | — | ||
| Q4 24 | 0.40× | 5.48× | ||
| Q3 24 | 0.35× | — | ||
| Q2 24 | 0.31× | — |
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 | $222.1M | $607.0M |
| 自由现金流经营现金流 - 资本支出 | — | $308.6M |
| 自由现金流率自由现金流/营收 | — | 21.8% |
| 资本支出强度资本支出/营收 | — | 21.1% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | — | $1.4B |
8季度趋势，按日历期对齐
经营现金流GORBLX
| Q1 26 | $222.1M | — | ||
| Q4 25 | — | $607.0M | ||
| Q3 25 | $17.3M | $546.2M | ||
| Q2 25 | $73.6M | $199.3M | ||
| Q1 25 | $58.9M | $443.9M | ||
| Q4 24 | $39.5M | $184.5M | ||
| Q3 24 | $23.0M | $247.4M | ||
| Q2 24 | $41.6M | $151.4M |
自由现金流GORBLX
| Q1 26 | — | — | ||
| Q4 25 | — | $308.6M | ||
| Q3 25 | $-21.6M | $443.6M | ||
| Q2 25 | $14.4M | $176.7M | ||
| Q1 25 | $-1.5M | $426.5M | ||
| Q4 24 | $-19.6M | $120.6M | ||
| Q3 24 | $-19.3M | $218.0M | ||
| Q2 24 | $2.7M | $111.7M |
自由现金流率GORBLX
| Q1 26 | — | — | ||
| Q4 25 | — | 21.8% | ||
| Q3 25 | -1.8% | 32.6% | ||
| Q2 25 | 1.2% | 16.3% | ||
| Q1 25 | -0.1% | 41.2% | ||
| Q4 24 | -1.8% | 12.2% | ||
| Q3 24 | -1.7% | 23.7% | ||
| Q2 24 | 0.2% | 12.5% |
资本支出强度GORBLX
| Q1 26 | — | — | ||
| Q4 25 | — | 21.1% | ||
| Q3 25 | 3.3% | 7.5% | ||
| Q2 25 | 5.0% | 2.1% | ||
| Q1 25 | 5.4% | 1.7% | ||
| Q4 24 | 5.4% | 6.5% | ||
| Q3 24 | 3.8% | 3.2% | ||
| Q2 24 | 3.4% | 4.4% |
现金转化率GORBLX
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 1.49× | — | ||
| Q2 25 | 14.84× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 17.09× | — | ||
| Q3 24 | 0.95× | — | ||
| Q2 24 | 2.97× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
