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HOVNANIAN ENTERPRISES INC（HOV）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HOVNANIAN ENTERPRISES INC的1.7倍（$1.4B vs $817.9M），HOVNANIAN ENTERPRISES INC净利率更高（-0.1% vs -22.3%，领先22.3%），罗布乐思同比增速更快（43.2% vs -16.5%），罗布乐思自由现金流更多（$308.6M vs $164.0M），过去两年罗布乐思的营收复合增速更高（32.9% vs 17.3%）
霍夫纳尼安企业是美国知名房地产企业，业务覆盖住宅开发全流程，包含设计、建造与销售，产品线丰富，不仅开发独立独栋住宅，也开发联排别墅、公寓以及养老住宅等高密度居住物业。
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。
HOV vs RBLX — 直观对比
营收规模更大
RBLX
是对方的1.7倍
$817.9M
营收增速更快
RBLX
高出59.7%
-16.5%
净利率更高
HOV
高出22.3%
-22.3%
自由现金流更多
RBLX
多$144.6M
$164.0M
两年增速更快
RBLX
近两年复合增速
17.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $817.9M | $1.4B |
| 净利润 | $-667.0K | $-316.0M |
| 毛利率 | — | 77.7% |
| 营业利润率 | -0.5% | -25.3% |
| 净利率 | -0.1% | -22.3% |
| 营收同比 | -16.5% | 43.2% |
| 净利润同比 | -100.7% | -43.9% |
| 每股收益（稀释后） | $-0.57 | $-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HOVRBLX
| Q4 25 | $817.9M | $1.4B | ||
| Q3 25 | $800.6M | $1.4B | ||
| Q2 25 | $686.5M | $1.1B | ||
| Q1 25 | $673.6M | $1.0B | ||
| Q4 24 | $979.6M | $988.2M | ||
| Q3 24 | $722.7M | $919.0M | ||
| Q2 24 | $708.4M | $893.5M | ||
| Q1 24 | $594.2M | $801.3M |
净利润HOVRBLX
| Q4 25 | $-667.0K | $-316.0M | ||
| Q3 25 | $16.6M | $-255.6M | ||
| Q2 25 | $19.7M | $-278.4M | ||
| Q1 25 | $28.2M | $-215.1M | ||
| Q4 24 | $94.3M | $-219.6M | ||
| Q3 24 | $72.9M | $-239.3M | ||
| Q2 24 | $50.8M | $-205.9M | ||
| Q1 24 | $23.9M | $-270.6M |
毛利率HOVRBLX
| Q4 25 | — | 77.7% | ||
| Q3 25 | — | 78.2% | ||
| Q2 25 | — | 78.2% | ||
| Q1 25 | — | 78.3% | ||
| Q4 24 | — | 77.9% | ||
| Q3 24 | — | 77.7% | ||
| Q2 24 | — | 77.8% | ||
| Q1 24 | — | 77.7% |
营业利润率HOVRBLX
| Q4 25 | -0.5% | -25.3% | ||
| Q3 25 | 3.0% | -21.8% | ||
| Q2 25 | 3.9% | -29.8% | ||
| Q1 25 | 5.9% | -24.6% | ||
| Q4 24 | 12.0% | -24.7% | ||
| Q3 24 | 13.5% | -30.4% | ||
| Q2 24 | 9.8% | -26.6% | ||
| Q1 24 | 5.5% | -37.7% |
净利率HOVRBLX
| Q4 25 | -0.1% | -22.3% | ||
| Q3 25 | 2.1% | -18.8% | ||
| Q2 25 | 2.9% | -25.8% | ||
| Q1 25 | 4.2% | -20.8% | ||
| Q4 24 | 9.6% | -22.2% | ||
| Q3 24 | 10.1% | -26.0% | ||
| Q2 24 | 7.2% | -23.0% | ||
| Q1 24 | 4.0% | -33.8% |
每股收益（稀释后）HOVRBLX
| Q4 25 | $-0.57 | $-0.44 | ||
| Q3 25 | $1.99 | $-0.37 | ||
| Q2 25 | $2.43 | $-0.41 | ||
| Q1 25 | $3.58 | $-0.32 | ||
| Q4 24 | $12.47 | $-0.32 | ||
| Q3 24 | $9.75 | $-0.37 | ||
| Q2 24 | $6.66 | $-0.32 | ||
| Q1 24 | $2.91 | $-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 | — | $3.1B |
| 总债务越低越好 | $900.7M | $1.2B |
| 股东权益账面价值 | $830.9M | $394.5M |
| 总资产 | $2.6B | $9.6B |
| 负债/权益比越低杠杆越低 | 1.08× | 2.98× |
8季度趋势，按日历期对齐
现金及短期投资HOVRBLX
| Q4 25 | — | $3.1B | ||
| Q3 25 | — | $2.9B | ||
| Q2 25 | — | $2.6B | ||
| Q1 25 | — | $2.7B | ||
| Q4 24 | — | $2.4B | ||
| Q3 24 | — | $2.3B | ||
| Q2 24 | — | $2.4B | ||
| Q1 24 | — | $2.4B |
总债务HOVRBLX
| Q4 25 | $900.7M | $1.2B | ||
| Q3 25 | $861.9M | — | ||
| Q2 25 | $864.3M | — | ||
| Q1 25 | $893.7M | — | ||
| Q4 24 | $896.2M | $1.2B | ||
| Q3 24 | $898.7M | — | ||
| Q2 24 | $933.0M | — | ||
| Q1 24 | $934.6M | — |
股东权益HOVRBLX
| Q4 25 | $830.9M | $394.5M | ||
| Q3 25 | $835.4M | $407.6M | ||
| Q2 25 | $820.4M | $353.2M | ||
| Q1 25 | $811.4M | $310.7M | ||
| Q4 24 | $800.3M | $221.4M | ||
| Q3 24 | $703.4M | $189.9M | ||
| Q2 24 | $647.0M | $121.5M | ||
| Q1 24 | $607.1M | $71.6M |
总资产HOVRBLX
| Q4 25 | $2.6B | $9.6B | ||
| Q3 25 | $2.6B | $8.6B | ||
| Q2 25 | $2.6B | $7.8B | ||
| Q1 25 | $2.5B | $7.5B | ||
| Q4 24 | $2.6B | $7.2B | ||
| Q3 24 | $2.5B | $6.7B | ||
| Q2 24 | $2.3B | $6.5B | ||
| Q1 24 | $2.3B | $6.3B |
负债/权益比HOVRBLX
| Q4 25 | 1.08× | 2.98× | ||
| Q3 25 | 1.03× | — | ||
| Q2 25 | 1.05× | — | ||
| Q1 25 | 1.10× | — | ||
| Q4 24 | 1.12× | 5.48× | ||
| Q3 24 | 1.28× | — | ||
| Q2 24 | 1.44× | — | ||
| Q1 24 | 1.54× | — |
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 | $169.1M | $607.0M |
| 自由现金流经营现金流 - 资本支出 | $164.0M | $308.6M |
| 自由现金流率自由现金流/营收 | 20.0% | 21.8% |
| 资本支出强度资本支出/营收 | 0.6% | 21.1% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $166.2M | $1.4B |
8季度趋势，按日历期对齐
经营现金流HOVRBLX
| Q4 25 | $169.1M | $607.0M | ||
| Q3 25 | $52.8M | $546.2M | ||
| Q2 25 | $22.3M | $199.3M | ||
| Q1 25 | $-55.9M | $443.9M | ||
| Q4 24 | $115.8M | $184.5M | ||
| Q3 24 | $-92.3M | $247.4M | ||
| Q2 24 | $89.1M | $151.4M | ||
| Q1 24 | $-89.0M | $238.9M |
自由现金流HOVRBLX
| Q4 25 | $164.0M | $308.6M | ||
| Q3 25 | $45.8M | $443.6M | ||
| Q2 25 | $16.0M | $176.7M | ||
| Q1 25 | $-59.6M | $426.5M | ||
| Q4 24 | $111.4M | $120.6M | ||
| Q3 24 | $-95.8M | $218.0M | ||
| Q2 24 | $84.7M | $111.7M | ||
| Q1 24 | $-94.4M | $192.3M |
自由现金流率HOVRBLX
| Q4 25 | 20.0% | 21.8% | ||
| Q3 25 | 5.7% | 32.6% | ||
| Q2 25 | 2.3% | 16.3% | ||
| Q1 25 | -8.8% | 41.2% | ||
| Q4 24 | 11.4% | 12.2% | ||
| Q3 24 | -13.3% | 23.7% | ||
| Q2 24 | 12.0% | 12.5% | ||
| Q1 24 | -15.9% | 24.0% |
资本支出强度HOVRBLX
| Q4 25 | 0.6% | 21.1% | ||
| Q3 25 | 0.9% | 7.5% | ||
| Q2 25 | 0.9% | 2.1% | ||
| Q1 25 | 0.5% | 1.7% | ||
| Q4 24 | 0.5% | 6.5% | ||
| Q3 24 | 0.5% | 3.2% | ||
| Q2 24 | 0.6% | 4.4% | ||
| Q1 24 | 0.9% | 5.8% |
现金转化率HOVRBLX
| Q4 25 | — | — | ||
| Q3 25 | 3.18× | — | ||
| Q2 25 | 1.13× | — | ||
| Q1 25 | -1.98× | — | ||
| Q4 24 | 1.23× | — | ||
| Q3 24 | -1.27× | — | ||
| Q2 24 | 1.75× | — | ||
| Q1 24 | -3.72× | — |
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
HOV
| Home Building | $789.8M | 97% |
| Financial Services | $28.1M | 3% |
| Management Fees | $7.1M | 1% |
RBLX
暂无分部数据
