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亨斯迈（HUN）与ROKU, INC（ROKU）财务数据对比。点击上方公司名可切换其他公司
亨斯迈的季度营收约是ROKU, INC的1.1倍（$1.4B vs $1.2B），ROKU, INC净利率更高（-2.2% vs -7.1%，领先4.9%），亨斯迈同比增速更快（-6.7% vs -18.3%），ROKU, INC自由现金流更多（$298.4M vs $19.0M），过去两年ROKU, INC的营收复合增速更高（13.6% vs -4.0%）
亨斯迈公司是总部位于美国得克萨斯州伍德兰兹的全球化化工巨头，面向消费端与工业客户生产、销售各类化工产品，主营聚氨酯、高性能材料及胶粘剂，客户覆盖宝马、通用电气、雪佛龙、宝洁、联合利华等知名品牌。目前公司在全球25个国家设有60余处生产、研发及运营基地，员工约7000人。
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。
HUN vs ROKU — 直观对比
营收规模更大
HUN
是对方的1.1倍
$1.2B
营收增速更快
HUN
高出11.6%
-18.3%
净利率更高
ROKU
高出4.9%
-7.1%
自由现金流更多
ROKU
多$279.4M
$19.0M
两年增速更快
ROKU
近两年复合增速
-4.0%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $1.2B |
| 净利润 | $-96.0M | $-27.4M |
| 毛利率 | 12.1% | 35.6% |
| 营业利润率 | -4.4% | 59.7% |
| 净利率 | -7.1% | -2.2% |
| 营收同比 | -6.7% | -18.3% |
| 净利润同比 | 31.9% | -361.0% |
| 每股收益（稀释后） | $-0.56 | $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HUNROKU
| Q1 26 | — | $1.2B | ||
| Q4 25 | $1.4B | $1.4B | ||
| Q3 25 | $1.5B | $1.2B | ||
| Q2 25 | $1.5B | $1.1B | ||
| Q1 25 | $1.4B | $1.0B | ||
| Q4 24 | $1.5B | $1.2B | ||
| Q3 24 | $1.5B | $1.1B | ||
| Q2 24 | $1.6B | $968.2M |
净利润HUNROKU
| Q1 26 | — | $-27.4M | ||
| Q4 25 | $-96.0M | $80.5M | ||
| Q3 25 | $-25.0M | $24.8M | ||
| Q2 25 | $-158.0M | $10.5M | ||
| Q1 25 | $-5.0M | $-27.4M | ||
| Q4 24 | $-141.0M | $-35.5M | ||
| Q3 24 | $-33.0M | $-9.0M | ||
| Q2 24 | $22.0M | $-34.0M |
毛利率HUNROKU
| Q1 26 | — | 35.6% | ||
| Q4 25 | 12.1% | 43.5% | ||
| Q3 25 | 14.0% | 43.4% | ||
| Q2 25 | 12.5% | 44.8% | ||
| Q1 25 | 14.3% | 43.6% | ||
| Q4 24 | 12.9% | 42.7% | ||
| Q3 24 | 15.2% | 45.2% | ||
| Q2 24 | 15.4% | 43.9% |
营业利润率HUNROKU
| Q1 26 | — | 59.7% | ||
| Q4 25 | -4.4% | 4.7% | ||
| Q3 25 | 0.4% | 0.8% | ||
| Q2 25 | -8.2% | -2.1% | ||
| Q1 25 | 3.0% | -5.7% | ||
| Q4 24 | -4.3% | -3.3% | ||
| Q3 24 | 2.7% | -3.4% | ||
| Q2 24 | 2.2% | -7.4% |
净利率HUNROKU
| Q1 26 | — | -2.2% | ||
| Q4 25 | -7.1% | 5.8% | ||
| Q3 25 | -1.7% | 2.0% | ||
| Q2 25 | -10.8% | 0.9% | ||
| Q1 25 | -0.4% | -2.7% | ||
| Q4 24 | -9.7% | -3.0% | ||
| Q3 24 | -2.1% | -0.9% | ||
| Q2 24 | 1.4% | -3.5% |
每股收益（稀释后）HUNROKU
| Q1 26 | — | $0.57 | ||
| Q4 25 | $-0.56 | $0.55 | ||
| Q3 25 | $-0.14 | $0.16 | ||
| Q2 25 | $-0.92 | $0.07 | ||
| Q1 25 | $-0.03 | $-0.19 | ||
| Q4 24 | $-0.82 | $-0.24 | ||
| Q3 24 | $-0.19 | $-0.06 | ||
| Q2 24 | $0.13 | $-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 | $429.0M | $2.4B |
| 总债务越低越好 | $2.0B | — |
| 股东权益账面价值 | $2.8B | $2.7B |
| 总资产 | $7.0B | $4.4B |
| 负债/权益比越低杠杆越低 | 0.73× | — |
8季度趋势，按日历期对齐
现金及短期投资HUNROKU
| Q1 26 | — | $2.4B | ||
| Q4 25 | $429.0M | $2.3B | ||
| Q3 25 | $468.0M | $2.3B | ||
| Q2 25 | $399.0M | $2.3B | ||
| Q1 25 | $334.0M | $2.3B | ||
| Q4 24 | $340.0M | $2.2B | ||
| Q3 24 | $330.0M | $2.1B | ||
| Q2 24 | $335.0M | $2.1B |
总债务HUNROKU
| Q1 26 | — | — | ||
| Q4 25 | $2.0B | — | ||
| Q3 25 | $2.0B | — | ||
| Q2 25 | $2.0B | — | ||
| Q1 25 | $2.0B | — | ||
| Q4 24 | $1.8B | — | ||
| Q3 24 | $1.9B | — | ||
| Q2 24 | $1.9B | — |
股东权益HUNROKU
| Q1 26 | — | $2.7B | ||
| Q4 25 | $2.8B | $2.7B | ||
| Q3 25 | $2.8B | $2.6B | ||
| Q2 25 | $2.8B | $2.6B | ||
| Q1 25 | $3.0B | $2.5B | ||
| Q4 24 | $3.0B | $2.5B | ||
| Q3 24 | $3.1B | $2.5B | ||
| Q2 24 | $3.1B | $2.4B |
总资产HUNROKU
| Q1 26 | — | $4.4B | ||
| Q4 25 | $7.0B | $4.4B | ||
| Q3 25 | $7.1B | $4.4B | ||
| Q2 25 | $7.1B | $4.3B | ||
| Q1 25 | $7.2B | $4.2B | ||
| Q4 24 | $7.1B | $4.3B | ||
| Q3 24 | $7.3B | $4.3B | ||
| Q2 24 | $7.3B | $4.1B |
负债/权益比HUNROKU
| Q1 26 | — | — | ||
| Q4 25 | 0.73× | — | ||
| Q3 25 | 0.73× | — | ||
| Q2 25 | 0.72× | — | ||
| Q1 25 | 0.66× | — | ||
| Q4 24 | 0.62× | — | ||
| Q3 24 | 0.60× | — | ||
| Q2 24 | 0.62× | — |
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 | $76.0M | $199.1M |
| 自由现金流经营现金流 - 资本支出 | $19.0M | $298.4M |
| 自由现金流率自由现金流/营收 | 1.4% | 23.9% |
| 资本支出强度资本支出/营收 | 4.2% | — |
| 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 | $116.0M | $640.0M |
8季度趋势，按日历期对齐
经营现金流HUNROKU
| Q1 26 | — | $199.1M | ||
| Q4 25 | $76.0M | $107.7M | ||
| Q3 25 | $196.0M | $127.6M | ||
| Q2 25 | $91.0M | $109.7M | ||
| Q1 25 | $-74.0M | $138.7M | ||
| Q4 24 | $153.0M | $79.3M | ||
| Q3 24 | $129.0M | $68.7M | ||
| Q2 24 | $46.0M | $23.4M |
自由现金流HUNROKU
| Q1 26 | — | $298.4M | ||
| Q4 25 | $19.0M | $106.6M | ||
| Q3 25 | $153.0M | $126.5M | ||
| Q2 25 | $54.0M | $108.6M | ||
| Q1 25 | $-110.0M | $136.8M | ||
| Q4 24 | $102.0M | $76.8M | ||
| Q3 24 | $88.0M | $67.6M | ||
| Q2 24 | $-4.0M | $22.5M |
自由现金流率HUNROKU
| Q1 26 | — | 23.9% | ||
| Q4 25 | 1.4% | 7.6% | ||
| Q3 25 | 10.5% | 10.4% | ||
| Q2 25 | 3.7% | 9.8% | ||
| Q1 25 | -7.8% | 13.4% | ||
| Q4 24 | 7.0% | 6.4% | ||
| Q3 24 | 5.7% | 6.4% | ||
| Q2 24 | -0.3% | 2.3% |
资本支出强度HUNROKU
| Q1 26 | — | — | ||
| Q4 25 | 4.2% | 0.1% | ||
| Q3 25 | 2.9% | 0.1% | ||
| Q2 25 | 2.5% | 0.1% | ||
| Q1 25 | 2.6% | 0.2% | ||
| Q4 24 | 3.5% | 0.2% | ||
| Q3 24 | 2.7% | 0.1% | ||
| Q2 24 | 3.2% | 0.1% |
现金转化率HUNROKU
| Q1 26 | — | — | ||
| Q4 25 | — | 1.34× | ||
| Q3 25 | — | 5.14× | ||
| Q2 25 | — | 10.45× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 2.09× | — |
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
HUN
| Diversified | $897.0M | 66% |
| Specialty | $231.0M | 17% |
| Performance Products | $113.0M | 8% |
| Advanced Materials | $61.0M | 5% |
| Related Party Customers | $19.0M | 1% |
| Other | $12.0M | 1% |
ROKU
| Advertising | $612.7M | 49% |
| Subscriptions | $518.5M | 42% |
| Devices | $117.6M | 9% |
