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伯克希尔·哈撒韦（HEI）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的季度营收约是伯克希尔·哈撒韦的1.0倍（$1.2B vs $1.2B），伯克希尔·哈撒韦净利率更高（15.6% vs -2.2%，领先17.8%），伯克希尔·哈撒韦同比增速更快（19.3% vs -18.3%），ROKU, INC自由现金流更多（$298.4M vs $268.5M），过去两年伯克希尔·哈撒韦的营收复合增速更高（16.2% vs 13.6%）
伯克希尔·哈撒韦是总部位于美国内布拉斯加州奥马哈的跨国综合控股集团，最初主营纺织品制造，1965年起在董事长兼首席执行官沃伦·巴菲特、副董事长查理·芒格的带领下转型为多元化企业集团，2026年初格雷格·阿贝尔接任首席执行官，巴菲特个人持有公司38.4%的A类有投票权股份，对应15.1%的整体经济权益。
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。
HEI vs ROKU — 直观对比
营收规模更大
ROKU
是对方的1.0倍
$1.2B
营收增速更快
HEI
高出37.6%
-18.3%
净利率更高
HEI
高出17.8%
-2.2%
自由现金流更多
ROKU
多$29.9M
$268.5M
两年增速更快
HEI
近两年复合增速
13.6%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $1.2B |
| 净利润 | $188.3M | $-27.4M |
| 毛利率 | 40.2% | 35.6% |
| 营业利润率 | 23.1% | 59.7% |
| 净利率 | 15.6% | -2.2% |
| 营收同比 | 19.3% | -18.3% |
| 净利润同比 | 34.8% | -361.0% |
| 每股收益（稀释后） | $1.32 | $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HEIROKU
| Q1 26 | — | $1.2B | ||
| Q4 25 | $1.2B | $1.4B | ||
| Q3 25 | $1.1B | $1.2B | ||
| Q2 25 | $1.1B | $1.1B | ||
| Q1 25 | $1.0B | $1.0B | ||
| Q4 24 | $1.0B | $1.2B | ||
| Q3 24 | $992.2M | $1.1B | ||
| Q2 24 | $955.4M | $968.2M |
净利润HEIROKU
| Q1 26 | — | $-27.4M | ||
| Q4 25 | $188.3M | $80.5M | ||
| Q3 25 | $177.3M | $24.8M | ||
| Q2 25 | $156.8M | $10.5M | ||
| Q1 25 | $168.0M | $-27.4M | ||
| Q4 24 | $139.7M | $-35.5M | ||
| Q3 24 | $136.6M | $-9.0M | ||
| Q2 24 | $123.1M | $-34.0M |
毛利率HEIROKU
| Q1 26 | — | 35.6% | ||
| Q4 25 | 40.2% | 43.5% | ||
| Q3 25 | 39.8% | 43.4% | ||
| Q2 25 | 39.9% | 44.8% | ||
| Q1 25 | 39.4% | 43.6% | ||
| Q4 24 | 38.9% | 42.7% | ||
| Q3 24 | 39.2% | 45.2% | ||
| Q2 24 | 38.9% | 43.9% |
营业利润率HEIROKU
| Q1 26 | — | 59.7% | ||
| Q4 25 | 23.1% | 4.7% | ||
| Q3 25 | 23.1% | 0.8% | ||
| Q2 25 | 22.6% | -2.1% | ||
| Q1 25 | 22.0% | -5.7% | ||
| Q4 24 | 21.6% | -3.3% | ||
| Q3 24 | 21.8% | -3.4% | ||
| Q2 24 | 21.9% | -7.4% |
净利率HEIROKU
| Q1 26 | — | -2.2% | ||
| Q4 25 | 15.6% | 5.8% | ||
| Q3 25 | 15.5% | 2.0% | ||
| Q2 25 | 14.3% | 0.9% | ||
| Q1 25 | 16.3% | -2.7% | ||
| Q4 24 | 13.8% | -3.0% | ||
| Q3 24 | 13.8% | -0.9% | ||
| Q2 24 | 12.9% | -3.5% |
每股收益（稀释后）HEIROKU
| Q1 26 | — | $0.57 | ||
| Q4 25 | $1.32 | $0.55 | ||
| Q3 25 | $1.26 | $0.16 | ||
| Q2 25 | $1.12 | $0.07 | ||
| Q1 25 | $1.20 | $-0.19 | ||
| Q4 24 | $1.00 | $-0.24 | ||
| Q3 24 | $0.97 | $-0.06 | ||
| Q2 24 | $0.88 | $-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 | $217.8M | $2.4B |
| 总债务越低越好 | $2.2B | — |
| 股东权益账面价值 | $4.3B | $2.7B |
| 总资产 | $8.5B | $4.4B |
| 负债/权益比越低杠杆越低 | 0.50× | — |
8季度趋势，按日历期对齐
现金及短期投资HEIROKU
| Q1 26 | — | $2.4B | ||
| Q4 25 | $217.8M | $2.3B | ||
| Q3 25 | $261.9M | $2.3B | ||
| Q2 25 | $242.3M | $2.3B | ||
| Q1 25 | $165.5M | $2.3B | ||
| Q4 24 | $162.1M | $2.2B | ||
| Q3 24 | $202.9M | $2.1B | ||
| Q2 24 | $204.2M | $2.1B |
总债务HEIROKU
| Q1 26 | — | — | ||
| Q4 25 | $2.2B | — | ||
| Q3 25 | $2.4B | — | ||
| Q2 25 | $2.3B | — | ||
| Q1 25 | $2.3B | — | ||
| Q4 24 | $2.2B | — | ||
| Q3 24 | $2.3B | — | ||
| Q2 24 | $2.4B | — |
股东权益HEIROKU
| Q1 26 | — | $2.7B | ||
| Q4 25 | $4.3B | $2.7B | ||
| Q3 25 | $4.1B | $2.6B | ||
| Q2 25 | $4.0B | $2.6B | ||
| Q1 25 | $3.7B | $2.5B | ||
| Q4 24 | $3.6B | $2.5B | ||
| Q3 24 | $3.5B | $2.5B | ||
| Q2 24 | $3.4B | $2.4B |
总资产HEIROKU
| Q1 26 | — | $4.4B | ||
| Q4 25 | $8.5B | $4.4B | ||
| Q3 25 | $8.5B | $4.4B | ||
| Q2 25 | $8.1B | $4.3B | ||
| Q1 25 | $7.9B | $4.2B | ||
| Q4 24 | $7.6B | $4.3B | ||
| Q3 24 | $7.4B | $4.3B | ||
| Q2 24 | $7.4B | $4.1B |
负债/权益比HEIROKU
| Q1 26 | — | — | ||
| Q4 25 | 0.50× | — | ||
| Q3 25 | 0.59× | — | ||
| Q2 25 | 0.57× | — | ||
| Q1 25 | 0.63× | — | ||
| Q4 24 | 0.61× | — | ||
| Q3 24 | 0.64× | — | ||
| 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 | $295.3M | $199.1M |
| 自由现金流经营现金流 - 资本支出 | $268.5M | $298.4M |
| 自由现金流率自由现金流/营收 | 22.2% | 23.9% |
| 资本支出强度资本支出/营收 | 2.2% | — |
| 现金转化率经营现金流/净利润 | 1.57× | — |
| 过去12个月自由现金流最近4个季度 | $861.4M | $640.0M |
8季度趋势，按日历期对齐
经营现金流HEIROKU
| Q1 26 | — | $199.1M | ||
| Q4 25 | $295.3M | $107.7M | ||
| Q3 25 | $231.2M | $127.6M | ||
| Q2 25 | $204.7M | $109.7M | ||
| Q1 25 | $203.0M | $138.7M | ||
| Q4 24 | $205.6M | $79.3M | ||
| Q3 24 | $214.0M | $68.7M | ||
| Q2 24 | $141.1M | $23.4M |
自由现金流HEIROKU
| Q1 26 | — | $298.4M | ||
| Q4 25 | $268.5M | $106.6M | ||
| Q3 25 | $218.5M | $126.5M | ||
| Q2 25 | $188.7M | $108.6M | ||
| Q1 25 | $185.7M | $136.8M | ||
| Q4 24 | $189.5M | $76.8M | ||
| Q3 24 | $198.1M | $67.6M | ||
| Q2 24 | $128.2M | $22.5M |
自由现金流率HEIROKU
| Q1 26 | — | 23.9% | ||
| Q4 25 | 22.2% | 7.6% | ||
| Q3 25 | 19.0% | 10.4% | ||
| Q2 25 | 17.2% | 9.8% | ||
| Q1 25 | 18.0% | 13.4% | ||
| Q4 24 | 18.7% | 6.4% | ||
| Q3 24 | 20.0% | 6.4% | ||
| Q2 24 | 13.4% | 2.3% |
资本支出强度HEIROKU
| Q1 26 | — | — | ||
| Q4 25 | 2.2% | 0.1% | ||
| Q3 25 | 1.1% | 0.1% | ||
| Q2 25 | 1.5% | 0.1% | ||
| Q1 25 | 1.7% | 0.2% | ||
| Q4 24 | 1.6% | 0.2% | ||
| Q3 24 | 1.6% | 0.1% | ||
| Q2 24 | 1.4% | 0.1% |
现金转化率HEIROKU
| Q1 26 | — | — | ||
| Q4 25 | 1.57× | 1.34× | ||
| Q3 25 | 1.30× | 5.14× | ||
| Q2 25 | 1.31× | 10.45× | ||
| Q1 25 | 1.21× | — | ||
| Q4 24 | 1.47× | — | ||
| Q3 24 | 1.57× | — | ||
| Q2 24 | 1.15× | — |
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
HEI
| Aftermarket Replacement Parts | $510.0M | 42% |
| Electronic Componentsfor Defense Spaceand Aerospace | $311.8M | 26% |
| Defenseand Space | $170.6M | 14% |
| Specialty Products | $118.9M | 10% |
| Other Electronic Components | $73.0M | 6% |
| Other Industries | $15.9M | 1% |
ROKU
| Advertising | $612.7M | 49% |
| Subscriptions | $518.5M | 42% |
| Devices | $117.6M | 9% |
