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Host Hotels & Resorts（HST）与ROKU, INC（ROKU）财务数据对比。点击上方公司名可切换其他公司
Host Hotels & Resorts的季度营收约是ROKU, INC的1.3倍（$1.6B vs $1.2B），Host Hotels & Resorts净利率更高（8.4% vs -2.2%，领先10.6%），Host Hotels & Resorts同比增速更快（12.3% vs -18.3%），Host Hotels & Resorts自由现金流更多（$445.0M vs $298.4M），过去两年ROKU, INC的营收复合增速更高（13.6% vs 4.4%）
Host Hotels & Resorts是总部位于美国马里兰州贝塞斯达的房地产投资信托企业，专注于高端酒店资产投资。截至2024年12月31日，公司在美国、巴西、加拿大共持有81家高端酒店，总客房数约4.34万间，是全球知名的酒店不动产投资机构。
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。
HST vs ROKU — 直观对比
营收规模更大
HST
是对方的1.3倍
$1.2B
营收增速更快
HST
高出30.5%
-18.3%
净利率更高
HST
高出10.6%
-2.2%
自由现金流更多
HST
多$146.6M
$298.4M
两年增速更快
ROKU
近两年复合增速
4.4%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.6B | $1.2B |
| 净利润 | $135.0M | $-27.4M |
| 毛利率 | — | 35.6% |
| 营业利润率 | 12.0% | 59.7% |
| 净利率 | 8.4% | -2.2% |
| 营收同比 | 12.3% | -18.3% |
| 净利润同比 | 25.0% | -361.0% |
| 每股收益（稀释后） | $0.20 | $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HSTROKU
| Q1 26 | — | $1.2B | ||
| Q4 25 | $1.6B | $1.4B | ||
| Q3 25 | $1.3B | $1.2B | ||
| Q2 25 | $1.6B | $1.1B | ||
| Q1 25 | $1.6B | $1.0B | ||
| Q4 24 | $1.4B | $1.2B | ||
| Q3 24 | $1.3B | $1.1B | ||
| Q2 24 | $1.5B | $968.2M |
净利润HSTROKU
| Q1 26 | — | $-27.4M | ||
| Q4 25 | $135.0M | $80.5M | ||
| Q3 25 | $161.0M | $24.8M | ||
| Q2 25 | $221.0M | $10.5M | ||
| Q1 25 | $248.0M | $-27.4M | ||
| Q4 24 | $108.0M | $-35.5M | ||
| Q3 24 | $82.0M | $-9.0M | ||
| Q2 24 | $239.0M | $-34.0M |
毛利率HSTROKU
| Q1 26 | — | 35.6% | ||
| Q4 25 | — | 43.5% | ||
| Q3 25 | — | 43.4% | ||
| Q2 25 | — | 44.8% | ||
| Q1 25 | — | 43.6% | ||
| Q4 24 | — | 42.7% | ||
| Q3 24 | — | 45.2% | ||
| Q2 24 | — | 43.9% |
营业利润率HSTROKU
| Q1 26 | — | 59.7% | ||
| Q4 25 | 12.0% | 4.7% | ||
| Q3 25 | 7.6% | 0.8% | ||
| Q2 25 | 17.5% | -2.1% | ||
| Q1 25 | 17.9% | -5.7% | ||
| Q4 24 | 11.0% | -3.3% | ||
| Q3 24 | 10.2% | -3.4% | ||
| Q2 24 | 19.9% | -7.4% |
净利率HSTROKU
| Q1 26 | — | -2.2% | ||
| Q4 25 | 8.4% | 5.8% | ||
| Q3 25 | 12.1% | 2.0% | ||
| Q2 25 | 13.9% | 0.9% | ||
| Q1 25 | 15.6% | -2.7% | ||
| Q4 24 | 7.6% | -3.0% | ||
| Q3 24 | 6.2% | -0.9% | ||
| Q2 24 | 16.3% | -3.5% |
每股收益（稀释后）HSTROKU
| Q1 26 | — | $0.57 | ||
| Q4 25 | $0.20 | $0.55 | ||
| Q3 25 | $0.23 | $0.16 | ||
| Q2 25 | $0.32 | $0.07 | ||
| Q1 25 | $0.35 | $-0.19 | ||
| Q4 24 | $0.15 | $-0.24 | ||
| Q3 24 | $0.12 | $-0.06 | ||
| Q2 24 | $0.34 | $-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 | $768.0M | $2.4B |
| 总债务越低越好 | $1.3B | — |
| 股东权益账面价值 | $6.6B | $2.7B |
| 总资产 | $13.0B | $4.4B |
| 负债/权益比越低杠杆越低 | 0.19× | — |
8季度趋势，按日历期对齐
现金及短期投资HSTROKU
| Q1 26 | — | $2.4B | ||
| Q4 25 | $768.0M | $2.3B | ||
| Q3 25 | $539.0M | $2.3B | ||
| Q2 25 | $490.0M | $2.3B | ||
| Q1 25 | $428.0M | $2.3B | ||
| Q4 24 | $554.0M | $2.2B | ||
| Q3 24 | $564.0M | $2.1B | ||
| Q2 24 | $805.0M | $2.1B |
总债务HSTROKU
| Q1 26 | — | — | ||
| Q4 25 | $1.3B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $896.0M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益HSTROKU
| Q1 26 | — | $2.7B | ||
| Q4 25 | $6.6B | $2.7B | ||
| Q3 25 | $6.7B | $2.6B | ||
| Q2 25 | $6.6B | $2.6B | ||
| Q1 25 | $6.7B | $2.5B | ||
| Q4 24 | $6.6B | $2.5B | ||
| Q3 24 | $6.7B | $2.5B | ||
| Q2 24 | $6.8B | $2.4B |
总资产HSTROKU
| Q1 26 | — | $4.4B | ||
| Q4 25 | $13.0B | $4.4B | ||
| Q3 25 | $13.0B | $4.4B | ||
| Q2 25 | $13.0B | $4.3B | ||
| Q1 25 | $12.9B | $4.2B | ||
| Q4 24 | $13.0B | $4.3B | ||
| Q3 24 | $13.1B | $4.3B | ||
| Q2 24 | $12.4B | $4.1B |
负债/权益比HSTROKU
| Q1 26 | — | — | ||
| Q4 25 | 0.19× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.14× | — | ||
| Q3 24 | — | — | ||
| Q2 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 | $543.0M | $199.1M |
| 自由现金流经营现金流 - 资本支出 | $445.0M | $298.4M |
| 自由现金流率自由现金流/营收 | 27.8% | 23.9% |
| 资本支出强度资本支出/营收 | 6.1% | — |
| 现金转化率经营现金流/净利润 | 4.02× | — |
| 过去12个月自由现金流最近4个季度 | $1.2B | $640.0M |
8季度趋势，按日历期对齐
经营现金流HSTROKU
| Q1 26 | — | $199.1M | ||
| Q4 25 | $543.0M | $107.7M | ||
| Q3 25 | $218.0M | $127.6M | ||
| Q2 25 | $444.0M | $109.7M | ||
| Q1 25 | $305.0M | $138.7M | ||
| Q4 24 | $331.0M | $79.3M | ||
| Q3 24 | $349.0M | $68.7M | ||
| Q2 24 | $453.0M | $23.4M |
自由现金流HSTROKU
| Q1 26 | — | $298.4M | ||
| Q4 25 | $445.0M | $106.6M | ||
| Q3 25 | $143.0M | $126.5M | ||
| Q2 25 | $381.0M | $108.6M | ||
| Q1 25 | $259.0M | $136.8M | ||
| Q4 24 | $235.0M | $76.8M | ||
| Q3 24 | $262.0M | $67.6M | ||
| Q2 24 | $409.0M | $22.5M |
自由现金流率HSTROKU
| Q1 26 | — | 23.9% | ||
| Q4 25 | 27.8% | 7.6% | ||
| Q3 25 | 10.7% | 10.4% | ||
| Q2 25 | 24.0% | 9.8% | ||
| Q1 25 | 16.2% | 13.4% | ||
| Q4 24 | 16.5% | 6.4% | ||
| Q3 24 | 19.9% | 6.4% | ||
| Q2 24 | 27.9% | 2.3% |
资本支出强度HSTROKU
| Q1 26 | — | — | ||
| Q4 25 | 6.1% | 0.1% | ||
| Q3 25 | 5.6% | 0.1% | ||
| Q2 25 | 4.0% | 0.1% | ||
| Q1 25 | 2.9% | 0.2% | ||
| Q4 24 | 6.7% | 0.2% | ||
| Q3 24 | 6.6% | 0.1% | ||
| Q2 24 | 3.0% | 0.1% |
现金转化率HSTROKU
| Q1 26 | — | — | ||
| Q4 25 | 4.02× | 1.34× | ||
| Q3 25 | 1.35× | 5.14× | ||
| Q2 25 | 2.01× | 10.45× | ||
| Q1 25 | 1.23× | — | ||
| Q4 24 | 3.06× | — | ||
| Q3 24 | 4.26× | — | ||
| Q2 24 | 1.90× | — |
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
HST
暂无分部数据
ROKU
| Advertising | $612.7M | 49% |
| Subscriptions | $518.5M | 42% |
| Devices | $117.6M | 9% |
