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罗宾汉（HOOD）与MIAMI INTERNATIONAL HOLDINGS, INC.（MIAX）财务数据对比。点击上方公司名可切换其他公司
罗宾汉的季度营收约是MIAMI INTERNATIONAL HOLDINGS, INC.的3.8倍（$1.3B vs $339.8M）。罗宾汉净利率更高（47.2% vs -30.0%，领先77.2%）。罗宾汉同比增速更快（26.5% vs 22.8%）
罗宾汉市场（Robinhood Markets, Inc.）是总部位于美国加利福尼亚州门洛帕克的金融服务企业，旗下电子交易平台支持股票、ETF、期权、期货、加密货币等品类交易，还提供加密货币钱包、财富管理、信用卡等金融服务，部分银行服务与FDIC投保银行合作推出，同时运营新闻网站Sherwood.News。
迈阿密国际控股旗下的迈阿密航空是美国佛罗里达州迈阿密戴德郡的包机航空公司，以迈阿密国际机场为运营基地，面向全球提供客运包机服务，客户涵盖邮轮公司、职业体育队、美国军方、世界500强企业、演艺人士、政界候选人等多元群体。
HOOD vs MIAX — 直观对比
营收规模更大
HOOD
是对方的3.8倍
$339.8M
营收增速更快
HOOD
高出3.7%
22.8%
净利率更高
HOOD
高出77.2%
-30.0%
损益表 — Q4 2025 vs Q3 2025
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $339.8M |
| 净利润 | $605.0M | $-102.1M |
| 毛利率 | — | 32.2% |
| 营业利润率 | 51.5% | -0.1% |
| 净利率 | 47.2% | -30.0% |
| 营收同比 | 26.5% | 22.8% |
| 净利润同比 | -34.0% | -3086.0% |
| 每股收益（稀释后） | $0.65 | $-1.46 |
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HOODMIAX
| Q4 25 | $1.3B | — | ||
| Q3 25 | $1.3B | $339.8M | ||
| Q2 25 | $989.0M | — | ||
| Q1 25 | $927.0M | — | ||
| Q4 24 | $1.0B | — | ||
| Q3 24 | $637.0M | $276.7M | ||
| Q2 24 | $682.0M | — | ||
| Q1 24 | $618.0M | — |
净利润HOODMIAX
| Q4 25 | $605.0M | — | ||
| Q3 25 | $556.0M | $-102.1M | ||
| Q2 25 | $386.0M | — | ||
| Q1 25 | $336.0M | — | ||
| Q4 24 | $916.0M | — | ||
| Q3 24 | $150.0M | $-3.2M | ||
| Q2 24 | $188.0M | — | ||
| Q1 24 | $157.0M | — |
毛利率HOODMIAX
| Q4 25 | — | — | ||
| Q3 25 | — | 32.2% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 25.1% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
营业利润率HOODMIAX
| Q4 25 | 51.5% | — | ||
| Q3 25 | 49.8% | -0.1% | ||
| Q2 25 | 44.7% | — | ||
| Q1 25 | 40.0% | — | ||
| Q4 24 | 55.0% | — | ||
| Q3 24 | 24.0% | -0.4% | ||
| Q2 24 | 28.0% | — | ||
| Q1 24 | 26.2% | — |
净利率HOODMIAX
| Q4 25 | 47.2% | — | ||
| Q3 25 | 43.6% | -30.0% | ||
| Q2 25 | 39.0% | — | ||
| Q1 25 | 36.2% | — | ||
| Q4 24 | 90.3% | — | ||
| Q3 24 | 23.5% | -1.2% | ||
| Q2 24 | 27.6% | — | ||
| Q1 24 | 25.4% | — |
每股收益（稀释后）HOODMIAX
| Q4 25 | $0.65 | — | ||
| Q3 25 | $0.61 | $-1.46 | ||
| Q2 25 | $0.42 | — | ||
| Q1 25 | $0.37 | — | ||
| Q4 24 | $1.00 | — | ||
| Q3 24 | $0.17 | $-0.05 | ||
| Q2 24 | $0.21 | — | ||
| Q1 24 | $0.18 | — |
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 | $4.3B | $401.5M |
| 总债务越低越好 | — | $6.5M |
| 股东权益账面价值 | $9.2B | $831.9M |
| 总资产 | $38.1B | $1.2B |
| 负债/权益比越低杠杆越低 | — | 0.01× |
8季度趋势，按日历期对齐
现金及短期投资HOODMIAX
| Q4 25 | $4.3B | — | ||
| Q3 25 | $4.3B | $401.5M | ||
| Q2 25 | $4.2B | — | ||
| Q1 25 | $4.4B | — | ||
| Q4 24 | $4.3B | — | ||
| Q3 24 | $4.6B | $125.1M | ||
| Q2 24 | $4.5B | — | ||
| Q1 24 | $4.7B | — |
总债务HOODMIAX
| Q4 25 | — | — | ||
| Q3 25 | — | $6.5M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益HOODMIAX
| Q4 25 | $9.2B | — | ||
| Q3 25 | $8.6B | $831.9M | ||
| Q2 25 | $8.1B | — | ||
| Q1 25 | $8.0B | — | ||
| Q4 24 | $8.0B | — | ||
| Q3 24 | $7.2B | $351.4M | ||
| Q2 24 | $7.1B | — | ||
| Q1 24 | $6.9B | — |
总资产HOODMIAX
| Q4 25 | $38.1B | — | ||
| Q3 25 | $41.5B | $1.2B | ||
| Q2 25 | $35.3B | — | ||
| Q1 25 | $27.5B | — | ||
| Q4 24 | $26.2B | — | ||
| Q3 24 | $43.2B | — | ||
| Q2 24 | $41.3B | — | ||
| Q1 24 | $46.1B | — |
负债/权益比HOODMIAX
| Q4 25 | — | — | ||
| Q3 25 | — | 0.01× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| 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 | $-937.0M | $120.8M |
| 自由现金流经营现金流 - 资本支出 | — | $102.2M |
| 自由现金流率自由现金流/营收 | — | 30.1% |
| 资本支出强度资本支出/营收 | — | 5.5% |
| 现金转化率经营现金流/净利润 | -1.55× | — |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流HOODMIAX
| Q4 25 | $-937.0M | — | ||
| Q3 25 | $-1.6B | $120.8M | ||
| Q2 25 | $3.5B | — | ||
| Q1 25 | $642.0M | — | ||
| Q4 24 | $-1.4B | — | ||
| Q3 24 | $1.8B | — | ||
| Q2 24 | $54.0M | — | ||
| Q1 24 | $-623.0M | — |
自由现金流HOODMIAX
| Q4 25 | — | — | ||
| Q3 25 | — | $102.2M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
自由现金流率HOODMIAX
| Q4 25 | — | — | ||
| Q3 25 | — | 30.1% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
资本支出强度HOODMIAX
| Q4 25 | — | — | ||
| Q3 25 | — | 5.5% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
现金转化率HOODMIAX
| Q4 25 | -1.55× | — | ||
| Q3 25 | -2.83× | — | ||
| Q2 25 | 9.09× | — | ||
| Q1 25 | 1.91× | — | ||
| Q4 24 | -1.53× | — | ||
| Q3 24 | 12.08× | — | ||
| Q2 24 | 0.29× | — | ||
| Q1 24 | -3.97× | — |
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
HOOD
| Other | $365.0M | 28% |
| Options | $314.0M | 24% |
| Cryptocurrencies | $221.0M | 17% |
| Other Transaction Based Revenues | $147.0M | 11% |
| Financial Service Other | $96.0M | 7% |
| Equities | $94.0M | 7% |
| Other Revenue | $35.0M | 3% |
| Proxy Revenues | $11.0M | 1% |
MIAX
| Transferred At Point In Time | $246.7M | 73% |
| Transferred Over Time | $29.9M | 9% |
| Access Fees | $27.1M | 8% |
| Futures Segment | $19.4M | 6% |
| Other | $9.1M | 3% |
| TISEG | $4.7M | 1% |
