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Global Payments（GPN）与ROKU, INC（ROKU）财务数据对比。点击上方公司名可切换其他公司
Global Payments的季度营收约是ROKU, INC的1.1倍（$1.3B vs $1.2B），Global Payments净利率更高（16.4% vs -2.2%，领先18.6%），ROKU, INC同比增速更快（-18.3% vs -47.1%），Global Payments自由现金流更多（$347.0M vs $298.4M），过去两年ROKU, INC的营收复合增速更高（13.6% vs -25.9%）
Global Payments Inc.是美国跨国金融科技企业，面向商户、发卡机构及消费者提供支付技术与相关服务，支持信用卡、借记卡、数字支付及非接触式支付的交易处理，2021年6月入选《财富》500强榜单。
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。
GPN vs ROKU — 直观对比
营收规模更大
GPN
是对方的1.1倍
$1.2B
营收增速更快
ROKU
高出28.9%
-47.1%
净利率更高
GPN
高出18.6%
-2.2%
自由现金流更多
GPN
多$48.6M
$298.4M
两年增速更快
ROKU
近两年复合增速
-25.9%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $1.2B |
| 净利润 | $217.5M | $-27.4M |
| 毛利率 | 89.7% | 35.6% |
| 营业利润率 | 5.9% | 59.7% |
| 净利率 | 16.4% | -2.2% |
| 营收同比 | -47.1% | -18.3% |
| 净利润同比 | -61.6% | -361.0% |
| 每股收益（稀释后） | $0.91 | $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GPNROKU
| Q1 26 | — | $1.2B | ||
| Q4 25 | $1.3B | $1.4B | ||
| Q3 25 | $2.0B | $1.2B | ||
| Q2 25 | $2.0B | $1.1B | ||
| Q1 25 | $2.4B | $1.0B | ||
| Q4 24 | $2.5B | $1.2B | ||
| Q3 24 | $2.6B | $1.1B | ||
| Q2 24 | $2.6B | $968.2M |
净利润GPNROKU
| Q1 26 | — | $-27.4M | ||
| Q4 25 | $217.5M | $80.5M | ||
| Q3 25 | $635.2M | $24.8M | ||
| Q2 25 | $241.6M | $10.5M | ||
| Q1 25 | $305.7M | $-27.4M | ||
| Q4 24 | $567.2M | $-35.5M | ||
| Q3 24 | $315.1M | $-9.0M | ||
| Q2 24 | $374.8M | $-34.0M |
毛利率GPNROKU
| Q1 26 | — | 35.6% | ||
| Q4 25 | 89.7% | 43.5% | ||
| Q3 25 | 72.3% | 43.4% | ||
| Q2 25 | 74.5% | 44.8% | ||
| Q1 25 | 61.8% | 43.6% | ||
| Q4 24 | 62.1% | 42.7% | ||
| Q3 24 | 63.6% | 45.2% | ||
| Q2 24 | 63.5% | 43.9% |
营业利润率GPNROKU
| Q1 26 | — | 59.7% | ||
| Q4 25 | 5.9% | 4.7% | ||
| Q3 25 | 38.8% | 0.8% | ||
| Q2 25 | 21.8% | -2.1% | ||
| Q1 25 | 19.5% | -5.7% | ||
| Q4 24 | 33.1% | -3.3% | ||
| Q3 24 | 18.3% | -3.4% | ||
| Q2 24 | 22.3% | -7.4% |
净利率GPNROKU
| Q1 26 | — | -2.2% | ||
| Q4 25 | 16.4% | 5.8% | ||
| Q3 25 | 31.6% | 2.0% | ||
| Q2 25 | 12.3% | 0.9% | ||
| Q1 25 | 12.7% | -2.7% | ||
| Q4 24 | 22.5% | -3.0% | ||
| Q3 24 | 12.1% | -0.9% | ||
| Q2 24 | 14.6% | -3.5% |
每股收益（稀释后）GPNROKU
| Q1 26 | — | $0.57 | ||
| Q4 25 | $0.91 | $0.55 | ||
| Q3 25 | $2.64 | $0.16 | ||
| Q2 25 | $0.99 | $0.07 | ||
| Q1 25 | $1.24 | $-0.19 | ||
| Q4 24 | $2.23 | $-0.24 | ||
| Q3 24 | $1.24 | $-0.06 | ||
| Q2 24 | $1.47 | $-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 | $8.3B | $2.4B |
| 总债务越低越好 | $19.5B | — |
| 股东权益账面价值 | $22.9B | $2.7B |
| 总资产 | $53.3B | $4.4B |
| 负债/权益比越低杠杆越低 | 0.85× | — |
8季度趋势，按日历期对齐
现金及短期投资GPNROKU
| Q1 26 | — | $2.4B | ||
| Q4 25 | $8.3B | $2.3B | ||
| Q3 25 | $2.6B | $2.3B | ||
| Q2 25 | $2.6B | $2.3B | ||
| Q1 25 | $2.9B | $2.3B | ||
| Q4 24 | $2.5B | $2.2B | ||
| Q3 24 | $2.9B | $2.1B | ||
| Q2 24 | $2.1B | $2.1B |
总债务GPNROKU
| Q1 26 | — | — | ||
| Q4 25 | $19.5B | — | ||
| Q3 25 | $13.3B | — | ||
| Q2 25 | $14.2B | — | ||
| Q1 25 | $15.0B | — | ||
| Q4 24 | $15.2B | — | ||
| Q3 24 | $15.2B | — | ||
| Q2 24 | $15.6B | — |
股东权益GPNROKU
| Q1 26 | — | $2.7B | ||
| Q4 25 | $22.9B | $2.7B | ||
| Q3 25 | $22.7B | $2.6B | ||
| Q2 25 | $22.6B | $2.6B | ||
| Q1 25 | $22.2B | $2.5B | ||
| Q4 24 | $22.3B | $2.5B | ||
| Q3 24 | $22.8B | $2.5B | ||
| Q2 24 | $22.4B | $2.4B |
总资产GPNROKU
| Q1 26 | — | $4.4B | ||
| Q4 25 | $53.3B | $4.4B | ||
| Q3 25 | $48.0B | $4.4B | ||
| Q2 25 | $48.5B | $4.3B | ||
| Q1 25 | $47.6B | $4.2B | ||
| Q4 24 | $46.9B | $4.3B | ||
| Q3 24 | $50.0B | $4.3B | ||
| Q2 24 | $50.8B | $4.1B |
负债/权益比GPNROKU
| Q1 26 | — | — | ||
| Q4 25 | 0.85× | — | ||
| Q3 25 | 0.59× | — | ||
| Q2 25 | 0.63× | — | ||
| Q1 25 | 0.67× | — | ||
| Q4 24 | 0.68× | — | ||
| Q3 24 | 0.67× | — | ||
| Q2 24 | 0.70× | — |
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 | $515.2M | $199.1M |
| 自由现金流经营现金流 - 资本支出 | $347.0M | $298.4M |
| 自由现金流率自由现金流/营收 | 26.1% | 23.9% |
| 资本支出强度资本支出/营收 | 12.7% | — |
| 现金转化率经营现金流/净利润 | 2.37× | — |
| 过去12个月自由现金流最近4个季度 | $2.0B | $640.0M |
8季度趋势，按日历期对齐
经营现金流GPNROKU
| Q1 26 | — | $199.1M | ||
| Q4 25 | $515.2M | $107.7M | ||
| Q3 25 | $768.7M | $127.6M | ||
| Q2 25 | $817.5M | $109.7M | ||
| Q1 25 | $555.1M | $138.7M | ||
| Q4 24 | $653.4M | $79.3M | ||
| Q3 24 | $1.7B | $68.7M | ||
| Q2 24 | $736.9M | $23.4M |
自由现金流GPNROKU
| Q1 26 | — | $298.4M | ||
| Q4 25 | $347.0M | $106.6M | ||
| Q3 25 | $598.9M | $126.5M | ||
| Q2 25 | $665.4M | $108.6M | ||
| Q1 25 | $427.5M | $136.8M | ||
| Q4 24 | $469.4M | $76.8M | ||
| Q3 24 | $1.6B | $67.6M | ||
| Q2 24 | $557.7M | $22.5M |
自由现金流率GPNROKU
| Q1 26 | — | 23.9% | ||
| Q4 25 | 26.1% | 7.6% | ||
| Q3 25 | 29.8% | 10.4% | ||
| Q2 25 | 34.0% | 9.8% | ||
| Q1 25 | 17.7% | 13.4% | ||
| Q4 24 | 18.7% | 6.4% | ||
| Q3 24 | 60.0% | 6.4% | ||
| Q2 24 | 21.7% | 2.3% |
资本支出强度GPNROKU
| Q1 26 | — | — | ||
| Q4 25 | 12.7% | 0.1% | ||
| Q3 25 | 8.5% | 0.1% | ||
| Q2 25 | 7.8% | 0.1% | ||
| Q1 25 | 5.3% | 0.2% | ||
| Q4 24 | 7.3% | 0.2% | ||
| Q3 24 | 6.4% | 0.1% | ||
| Q2 24 | 7.0% | 0.1% |
现金转化率GPNROKU
| Q1 26 | — | — | ||
| Q4 25 | 2.37× | 1.34× | ||
| Q3 25 | 1.21× | 5.14× | ||
| Q2 25 | 3.38× | 10.45× | ||
| Q1 25 | 1.82× | — | ||
| Q4 24 | 1.15× | — | ||
| Q3 24 | 5.48× | — | ||
| Q2 24 | 1.97× | — |
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
GPN
| Integrated And Embedded Solutions | $869.3M | 65% |
| Point Of Sale And Software Solutions | $281.7M | 21% |
| Other | $178.4M | 13% |
ROKU
| Advertising | $612.7M | 49% |
| Subscriptions | $518.5M | 42% |
| Devices | $117.6M | 9% |
