vs
康宝莱（HLF）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的季度营收约是康宝莱的1.1倍（$1.4B vs $1.3B），康宝莱净利率更高（6.7% vs 5.8%，领先0.9%），ROKU, INC同比增速更快（16.1% vs 6.3%），ROKU, INC自由现金流更多（$106.6M vs $79.8M），过去两年ROKU, INC的营收复合增速更高（25.8% 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。
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。
HLF vs ROKU — 直观对比
营收规模更大
ROKU
是对方的1.1倍
$1.3B
营收增速更快
ROKU
高出9.9%
6.3%
净利率更高
HLF
高出0.9%
5.8%
自由现金流更多
ROKU
多$26.8M
$79.8M
两年增速更快
ROKU
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 | $80.5M |
| 毛利率 | 77.5% | 43.5% |
| 营业利润率 | 7.8% | 4.7% |
| 净利率 | 6.7% | 5.8% |
| 营收同比 | 6.3% | 16.1% |
| 净利润同比 | -52.0% | 326.4% |
| 每股收益（稀释后） | $0.81 | $0.55 |
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HLFROKU
| Q4 25 | $1.3B | $1.4B | ||
| Q3 25 | $1.3B | $1.2B | ||
| Q2 25 | $1.3B | $1.1B | ||
| Q1 25 | $1.2B | $1.0B | ||
| Q4 24 | $1.2B | $1.2B | ||
| Q3 24 | $1.2B | $1.1B | ||
| Q2 24 | $1.3B | $968.2M | ||
| Q1 24 | $1.3B | $881.5M |
净利润HLFROKU
| Q4 25 | $85.4M | $80.5M | ||
| Q3 25 | $43.2M | $24.8M | ||
| Q2 25 | $49.3M | $10.5M | ||
| Q1 25 | $50.4M | $-27.4M | ||
| Q4 24 | $177.9M | $-35.5M | ||
| Q3 24 | $47.4M | $-9.0M | ||
| Q2 24 | $4.7M | $-34.0M | ||
| Q1 24 | $24.3M | $-50.9M |
毛利率HLFROKU
| Q4 25 | 77.5% | 43.5% | ||
| Q3 25 | 77.7% | 43.4% | ||
| Q2 25 | 78.0% | 44.8% | ||
| Q1 25 | 78.3% | 43.6% | ||
| Q4 24 | 77.8% | 42.7% | ||
| Q3 24 | 78.3% | 45.2% | ||
| Q2 24 | 77.9% | 43.9% | ||
| Q1 24 | 77.5% | 44.1% |
营业利润率HLFROKU
| Q4 25 | 7.8% | 4.7% | ||
| Q3 25 | 9.9% | 0.8% | ||
| Q2 25 | 10.5% | -2.1% | ||
| Q1 25 | 10.1% | -5.7% | ||
| Q4 24 | 8.8% | -3.3% | ||
| Q3 24 | 10.2% | -3.4% | ||
| Q2 24 | 6.3% | -7.4% | ||
| Q1 24 | 5.7% | -8.2% |
净利率HLFROKU
| Q4 25 | 6.7% | 5.8% | ||
| Q3 25 | 3.4% | 2.0% | ||
| Q2 25 | 3.9% | 0.9% | ||
| Q1 25 | 4.1% | -2.7% | ||
| Q4 24 | 14.7% | -3.0% | ||
| Q3 24 | 3.8% | -0.9% | ||
| Q2 24 | 0.4% | -3.5% | ||
| Q1 24 | 1.9% | -5.8% |
每股收益（稀释后）HLFROKU
| Q4 25 | $0.81 | $0.55 | ||
| Q3 25 | $0.42 | $0.16 | ||
| Q2 25 | $0.48 | $0.07 | ||
| Q1 25 | $0.49 | $-0.19 | ||
| Q4 24 | $1.75 | $-0.24 | ||
| Q3 24 | $0.46 | $-0.06 | ||
| Q2 24 | $0.05 | $-0.24 | ||
| Q1 24 | $0.24 | $-0.35 |
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 | $2.3B |
| 总债务越低越好 | $2.0B | — |
| 股东权益账面价值 | $-515.1M | $2.7B |
| 总资产 | $2.8B | $4.4B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资HLFROKU
| Q4 25 | $353.1M | $2.3B | ||
| Q3 25 | $305.5M | $2.3B | ||
| Q2 25 | $320.9M | $2.3B | ||
| Q1 25 | $329.4M | $2.3B | ||
| Q4 24 | $415.3M | $2.2B | ||
| Q3 24 | $402.5M | $2.1B | ||
| Q2 24 | $374.0M | $2.1B | ||
| Q1 24 | $398.3M | $2.1B |
总债务HLFROKU
| Q4 25 | $2.0B | — | ||
| Q3 25 | $2.0B | — | ||
| Q2 25 | $2.1B | — | ||
| Q1 25 | $2.2B | — | ||
| Q4 24 | $2.3B | — | ||
| Q3 24 | $2.3B | — | ||
| Q2 24 | $2.3B | — | ||
| Q1 24 | $2.4B | — |
股东权益HLFROKU
| Q4 25 | $-515.1M | $2.7B | ||
| Q3 25 | $-612.0M | $2.6B | ||
| Q2 25 | $-660.5M | $2.6B | ||
| Q1 25 | $-736.0M | $2.5B | ||
| Q4 24 | $-801.1M | $2.5B | ||
| Q3 24 | $-954.2M | $2.5B | ||
| Q2 24 | $-1.0B | $2.4B | ||
| Q1 24 | $-1.0B | $2.4B |
总资产HLFROKU
| Q4 25 | $2.8B | $4.4B | ||
| Q3 25 | $2.7B | $4.4B | ||
| Q2 25 | $2.7B | $4.3B | ||
| Q1 25 | $2.7B | $4.2B | ||
| Q4 24 | $2.7B | $4.3B | ||
| Q3 24 | $2.7B | $4.3B | ||
| Q2 24 | $2.6B | $4.1B | ||
| Q1 24 | $2.6B | $4.2B |
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 | $107.7M |
| 自由现金流经营现金流 - 资本支出 | $79.8M | $106.6M |
| 自由现金流率自由现金流/营收 | 6.2% | 7.6% |
| 资本支出强度资本支出/营收 | 1.4% | 0.1% |
| 现金转化率经营现金流/净利润 | 1.15× | 1.34× |
| 过去12个月自由现金流最近4个季度 | $252.9M | $478.4M |
8季度趋势，按日历期对齐
经营现金流HLFROKU
| Q4 25 | $98.3M | $107.7M | ||
| Q3 25 | $138.8M | $127.6M | ||
| Q2 25 | $96.0M | $109.7M | ||
| Q1 25 | $200.0K | $138.7M | ||
| Q4 24 | $69.6M | $79.3M | ||
| Q3 24 | $99.5M | $68.7M | ||
| Q2 24 | $102.5M | $23.4M | ||
| Q1 24 | $13.8M | $46.7M |
自由现金流HLFROKU
| Q4 25 | $79.8M | $106.6M | ||
| Q3 25 | $118.0M | $126.5M | ||
| Q2 25 | $73.2M | $108.6M | ||
| Q1 25 | $-18.1M | $136.8M | ||
| Q4 24 | $43.9M | $76.8M | ||
| Q3 24 | $72.4M | $67.6M | ||
| Q2 24 | $66.2M | $22.5M | ||
| Q1 24 | $-19.1M | $46.0M |
自由现金流率HLFROKU
| Q4 25 | 6.2% | 7.6% | ||
| Q3 25 | 9.3% | 10.4% | ||
| Q2 25 | 5.8% | 9.8% | ||
| Q1 25 | -1.5% | 13.4% | ||
| Q4 24 | 3.6% | 6.4% | ||
| Q3 24 | 5.8% | 6.4% | ||
| Q2 24 | 5.2% | 2.3% | ||
| Q1 24 | -1.5% | 5.2% |
资本支出强度HLFROKU
| Q4 25 | 1.4% | 0.1% | ||
| Q3 25 | 1.6% | 0.1% | ||
| Q2 25 | 1.8% | 0.1% | ||
| Q1 25 | 1.5% | 0.2% | ||
| Q4 24 | 2.1% | 0.2% | ||
| Q3 24 | 2.2% | 0.1% | ||
| Q2 24 | 2.8% | 0.1% | ||
| Q1 24 | 2.6% | 0.1% |
现金转化率HLFROKU
| Q4 25 | 1.15× | 1.34× | ||
| Q3 25 | 3.21× | 5.14× | ||
| Q2 25 | 1.95× | 10.45× | ||
| 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% |
ROKU
| Services | $1.2B | 88% |
| Products | $170.9M | 12% |
