vs
康宝莱（HLF）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康宝莱的1.1倍（$1.4B vs $1.3B），康宝莱净利率更高（6.7% vs -22.3%，领先29.0%），罗布乐思同比增速更快（43.2% vs 6.3%），罗布乐思自由现金流更多（$308.6M vs $79.8M），过去两年罗布乐思的营收复合增速更高（32.9% vs 0.7%）
康宝莱是美国跨国多层次营销企业，主营膳食补充剂的研发与销售。该公司曾被指控涉嫌金字塔骗局欺诈运营，2016年与美国证监会达成协议后调整了薪酬体系，将经销商奖励与可核实的实际销售额挂钩。此外其部分产品曾被曝出引发急性肝炎的相关问题。
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。
HLF vs RBLX — 直观对比
营收规模更大
RBLX
是对方的1.1倍
$1.3B
营收增速更快
RBLX
高出36.9%
6.3%
净利率更高
HLF
高出29.0%
-22.3%
自由现金流更多
RBLX
多$228.8M
$79.8M
两年增速更快
RBLX
近两年复合增速
0.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $1.4B |
| 净利润 | $85.4M | $-316.0M |
| 毛利率 | 77.5% | 77.7% |
| 营业利润率 | 7.8% | -25.3% |
| 净利率 | 6.7% | -22.3% |
| 营收同比 | 6.3% | 43.2% |
| 净利润同比 | -52.0% | -43.9% |
| 每股收益（稀释后） | $0.81 | $-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HLFRBLX
| Q4 25 | $1.3B | $1.4B | ||
| Q3 25 | $1.3B | $1.4B | ||
| Q2 25 | $1.3B | $1.1B | ||
| Q1 25 | $1.2B | $1.0B | ||
| Q4 24 | $1.2B | $988.2M | ||
| Q3 24 | $1.2B | $919.0M | ||
| Q2 24 | $1.3B | $893.5M | ||
| Q1 24 | $1.3B | $801.3M |
净利润HLFRBLX
| Q4 25 | $85.4M | $-316.0M | ||
| Q3 25 | $43.2M | $-255.6M | ||
| Q2 25 | $49.3M | $-278.4M | ||
| Q1 25 | $50.4M | $-215.1M | ||
| Q4 24 | $177.9M | $-219.6M | ||
| Q3 24 | $47.4M | $-239.3M | ||
| Q2 24 | $4.7M | $-205.9M | ||
| Q1 24 | $24.3M | $-270.6M |
毛利率HLFRBLX
| Q4 25 | 77.5% | 77.7% | ||
| Q3 25 | 77.7% | 78.2% | ||
| Q2 25 | 78.0% | 78.2% | ||
| Q1 25 | 78.3% | 78.3% | ||
| Q4 24 | 77.8% | 77.9% | ||
| Q3 24 | 78.3% | 77.7% | ||
| Q2 24 | 77.9% | 77.8% | ||
| Q1 24 | 77.5% | 77.7% |
营业利润率HLFRBLX
| Q4 25 | 7.8% | -25.3% | ||
| Q3 25 | 9.9% | -21.8% | ||
| Q2 25 | 10.5% | -29.8% | ||
| Q1 25 | 10.1% | -24.6% | ||
| Q4 24 | 8.8% | -24.7% | ||
| Q3 24 | 10.2% | -30.4% | ||
| Q2 24 | 6.3% | -26.6% | ||
| Q1 24 | 5.7% | -37.7% |
净利率HLFRBLX
| Q4 25 | 6.7% | -22.3% | ||
| Q3 25 | 3.4% | -18.8% | ||
| Q2 25 | 3.9% | -25.8% | ||
| Q1 25 | 4.1% | -20.8% | ||
| Q4 24 | 14.7% | -22.2% | ||
| Q3 24 | 3.8% | -26.0% | ||
| Q2 24 | 0.4% | -23.0% | ||
| Q1 24 | 1.9% | -33.8% |
每股收益（稀释后）HLFRBLX
| Q4 25 | $0.81 | $-0.44 | ||
| Q3 25 | $0.42 | $-0.37 | ||
| Q2 25 | $0.48 | $-0.41 | ||
| Q1 25 | $0.49 | $-0.32 | ||
| Q4 24 | $1.75 | $-0.32 | ||
| Q3 24 | $0.46 | $-0.37 | ||
| Q2 24 | $0.05 | $-0.32 | ||
| Q1 24 | $0.24 | $-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 | $353.1M | $3.1B |
| 总债务越低越好 | $2.0B | $1.2B |
| 股东权益账面价值 | $-515.1M | $394.5M |
| 总资产 | $2.8B | $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HLFRBLX
| Q4 25 | $353.1M | $3.1B | ||
| Q3 25 | $305.5M | $2.9B | ||
| Q2 25 | $320.9M | $2.6B | ||
| Q1 25 | $329.4M | $2.7B | ||
| Q4 24 | $415.3M | $2.4B | ||
| Q3 24 | $402.5M | $2.3B | ||
| Q2 24 | $374.0M | $2.4B | ||
| Q1 24 | $398.3M | $2.4B |
总债务HLFRBLX
| Q4 25 | $2.0B | $1.2B | ||
| Q3 25 | $2.0B | — | ||
| Q2 25 | $2.1B | — | ||
| Q1 25 | $2.2B | — | ||
| Q4 24 | $2.3B | $1.2B | ||
| Q3 24 | $2.3B | — | ||
| Q2 24 | $2.3B | — | ||
| Q1 24 | $2.4B | — |
股东权益HLFRBLX
| Q4 25 | $-515.1M | $394.5M | ||
| Q3 25 | $-612.0M | $407.6M | ||
| Q2 25 | $-660.5M | $353.2M | ||
| Q1 25 | $-736.0M | $310.7M | ||
| Q4 24 | $-801.1M | $221.4M | ||
| Q3 24 | $-954.2M | $189.9M | ||
| Q2 24 | $-1.0B | $121.5M | ||
| Q1 24 | $-1.0B | $71.6M |
总资产HLFRBLX
| Q4 25 | $2.8B | $9.6B | ||
| Q3 25 | $2.7B | $8.6B | ||
| Q2 25 | $2.7B | $7.8B | ||
| Q1 25 | $2.7B | $7.5B | ||
| Q4 24 | $2.7B | $7.2B | ||
| Q3 24 | $2.7B | $6.7B | ||
| Q2 24 | $2.6B | $6.5B | ||
| Q1 24 | $2.6B | $6.3B |
负债/权益比HLFRBLX
| 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 | $98.3M | $607.0M |
| 自由现金流经营现金流 - 资本支出 | $79.8M | $308.6M |
| 自由现金流率自由现金流/营收 | 6.2% | 21.8% |
| 资本支出强度资本支出/营收 | 1.4% | 21.1% |
| 现金转化率经营现金流/净利润 | 1.15× | — |
| 过去12个月自由现金流最近4个季度 | $252.9M | $1.4B |
8季度趋势，按日历期对齐
经营现金流HLFRBLX
| Q4 25 | $98.3M | $607.0M | ||
| Q3 25 | $138.8M | $546.2M | ||
| Q2 25 | $96.0M | $199.3M | ||
| Q1 25 | $200.0K | $443.9M | ||
| Q4 24 | $69.6M | $184.5M | ||
| Q3 24 | $99.5M | $247.4M | ||
| Q2 24 | $102.5M | $151.4M | ||
| Q1 24 | $13.8M | $238.9M |
自由现金流HLFRBLX
| Q4 25 | $79.8M | $308.6M | ||
| Q3 25 | $118.0M | $443.6M | ||
| Q2 25 | $73.2M | $176.7M | ||
| Q1 25 | $-18.1M | $426.5M | ||
| Q4 24 | $43.9M | $120.6M | ||
| Q3 24 | $72.4M | $218.0M | ||
| Q2 24 | $66.2M | $111.7M | ||
| Q1 24 | $-19.1M | $192.3M |
自由现金流率HLFRBLX
| Q4 25 | 6.2% | 21.8% | ||
| Q3 25 | 9.3% | 32.6% | ||
| Q2 25 | 5.8% | 16.3% | ||
| Q1 25 | -1.5% | 41.2% | ||
| Q4 24 | 3.6% | 12.2% | ||
| Q3 24 | 5.8% | 23.7% | ||
| Q2 24 | 5.2% | 12.5% | ||
| Q1 24 | -1.5% | 24.0% |
资本支出强度HLFRBLX
| Q4 25 | 1.4% | 21.1% | ||
| Q3 25 | 1.6% | 7.5% | ||
| Q2 25 | 1.8% | 2.1% | ||
| Q1 25 | 1.5% | 1.7% | ||
| Q4 24 | 2.1% | 6.5% | ||
| Q3 24 | 2.2% | 3.2% | ||
| Q2 24 | 2.8% | 4.4% | ||
| Q1 24 | 2.6% | 5.8% |
现金转化率HLFRBLX
| Q4 25 | 1.15× | — | ||
| Q3 25 | 3.21× | — | ||
| Q2 25 | 1.95× | — | ||
| Q1 25 | 0.00× | — | ||
| Q4 24 | 0.39× | — | ||
| Q3 24 | 2.10× | — | ||
| Q2 24 | 21.81× | — | ||
| Q1 24 | 0.57× | — |
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
HLF
| Others | $514.4M | 40% |
| Other | $300.0M | 23% |
| IN | $250.3M | 20% |
| MX | $147.2M | 11% |
| VN | $71.1M | 6% |
RBLX
暂无分部数据
