vs
高途（GOTU）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高途的1.8倍（$1.4B vs $767.1M），过去两年高途的营收复合增速更高（141.9% vs 32.9%）
高途教育是中国一家教育科技企业，成立于2014年，核心业务包括K12阶段学生的在线辅导，同时也面向成人开设外语学习与职业培训类课程，跟谁学是其旗下核心在线教育平台。
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。
GOTU vs RBLX — 直观对比
营收规模更大
RBLX
是对方的1.8倍
$767.1M
两年增速更快
GOTU
近两年复合增速
32.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $767.1M | $1.4B |
| 净利润 | — | $-316.0M |
| 毛利率 | — | 77.7% |
| 营业利润率 | — | -25.3% |
| 净利率 | — | -22.3% |
| 营收同比 | — | 43.2% |
| 净利润同比 | — | -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GOTURBLX
| Q4 25 | $767.1M | $1.4B | ||
| Q3 25 | $221.8M | $1.4B | ||
| Q2 25 | $194.0M | $1.1B | ||
| Q1 25 | $205.7M | $1.0B | ||
| Q4 24 | $318.7M | $988.2M | ||
| Q3 24 | $172.2M | $919.0M | ||
| Q2 24 | $139.0M | $893.5M | ||
| Q1 24 | $131.1M | $801.3M |
净利润GOTURBLX
| Q4 25 | — | $-316.0M | ||
| Q3 25 | $-20.7M | $-255.6M | ||
| Q2 25 | $-30.2M | $-278.4M | ||
| Q1 25 | — | $-215.1M | ||
| Q4 24 | — | $-219.6M | ||
| Q3 24 | — | $-239.3M | ||
| Q2 24 | $-59.1M | $-205.9M | ||
| Q1 24 | $-1.7M | $-270.6M |
毛利率GOTURBLX
| Q4 25 | — | 77.7% | ||
| Q3 25 | 66.1% | 78.2% | ||
| Q2 25 | 66.0% | 78.2% | ||
| Q1 25 | 69.7% | 78.3% | ||
| Q4 24 | — | 77.9% | ||
| Q3 24 | 64.4% | 77.7% | ||
| Q2 24 | 69.0% | 77.8% | ||
| Q1 24 | 71.3% | 77.7% |
营业利润率GOTURBLX
| Q4 25 | — | -25.3% | ||
| Q3 25 | -11.3% | -21.8% | ||
| Q2 25 | -17.4% | -29.8% | ||
| Q1 25 | — | -24.6% | ||
| Q4 24 | — | -24.7% | ||
| Q3 24 | — | -30.4% | ||
| Q2 24 | -46.0% | -26.6% | ||
| Q1 24 | -8.2% | -37.7% |
净利率GOTURBLX
| Q4 25 | — | -22.3% | ||
| Q3 25 | -9.3% | -18.8% | ||
| Q2 25 | -15.5% | -25.8% | ||
| Q1 25 | — | -20.8% | ||
| Q4 24 | — | -22.2% | ||
| Q3 24 | — | -26.0% | ||
| Q2 24 | -42.5% | -23.0% | ||
| Q1 24 | -1.3% | -33.8% |
每股收益（稀释后）GOTURBLX
| 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 | $596.2M | $3.1B |
| 总债务越低越好 | — | $1.2B |
| 股东权益账面价值 | $1.3B | $394.5M |
| 总资产 | $6.2B | $9.6B |
| 负债/权益比越低杠杆越低 | — | 2.98× |
8季度趋势，按日历期对齐
现金及短期投资GOTURBLX
| Q4 25 | $596.2M | $3.1B | ||
| Q3 25 | $318.7M | $2.9B | ||
| Q2 25 | $814.4M | $2.6B | ||
| Q1 25 | $1.0B | $2.7B | ||
| Q4 24 | $433.8M | $2.4B | ||
| Q3 24 | $855.8M | $2.3B | ||
| Q2 24 | $1.4B | $2.4B | ||
| Q1 24 | $1.2B | $2.4B |
总债务GOTURBLX
| Q4 25 | — | $1.2B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益GOTURBLX
| Q4 25 | $1.3B | $394.5M | ||
| Q3 25 | $1.4B | $407.6M | ||
| Q2 25 | $1.6B | $353.2M | ||
| Q1 25 | $1.9B | $310.7M | ||
| Q4 24 | $264.9M | $221.4M | ||
| Q3 24 | $2.1B | $189.9M | ||
| Q2 24 | $2.7B | $121.5M | ||
| Q1 24 | $3.1B | $71.6M |
总资产GOTURBLX
| Q4 25 | $6.2B | $9.6B | ||
| Q3 25 | $5.1B | $8.6B | ||
| Q2 25 | $5.9B | $7.8B | ||
| Q1 25 | $5.2B | $7.5B | ||
| Q4 24 | $798.4M | $7.2B | ||
| Q3 24 | $5.2B | $6.7B | ||
| Q2 24 | $5.8B | $6.5B | ||
| Q1 24 | $5.3B | $6.3B |
负债/权益比GOTURBLX
| Q4 25 | — | 2.98× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 5.48× | ||
| Q3 24 | — | — | ||
| 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 | — | $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GOTURBLX
| Q4 25 | — | $607.0M | ||
| Q3 25 | — | $546.2M | ||
| Q2 25 | — | $199.3M | ||
| Q1 25 | — | $443.9M | ||
| Q4 24 | $35.3M | $184.5M | ||
| Q3 24 | — | $247.4M | ||
| Q2 24 | — | $151.4M | ||
| Q1 24 | — | $238.9M |
自由现金流GOTURBLX
| Q4 25 | — | $308.6M | ||
| Q3 25 | — | $443.6M | ||
| Q2 25 | — | $176.7M | ||
| Q1 25 | — | $426.5M | ||
| Q4 24 | $10.9M | $120.6M | ||
| Q3 24 | — | $218.0M | ||
| Q2 24 | — | $111.7M | ||
| Q1 24 | — | $192.3M |
自由现金流率GOTURBLX
| Q4 25 | — | 21.8% | ||
| Q3 25 | — | 32.6% | ||
| Q2 25 | — | 16.3% | ||
| Q1 25 | — | 41.2% | ||
| Q4 24 | 3.4% | 12.2% | ||
| Q3 24 | — | 23.7% | ||
| Q2 24 | — | 12.5% | ||
| Q1 24 | — | 24.0% |
资本支出强度GOTURBLX
| Q4 25 | — | 21.1% | ||
| Q3 25 | — | 7.5% | ||
| Q2 25 | — | 2.1% | ||
| Q1 25 | — | 1.7% | ||
| Q4 24 | 7.7% | 6.5% | ||
| Q3 24 | — | 3.2% | ||
| Q2 24 | — | 4.4% | ||
| Q1 24 | — | 5.8% |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
