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IAC Inc.（IAC）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IAC Inc.的1.9倍（$1.2B vs $646.0M），ROKU, INC净利率更高（-2.2% vs -11.9%，领先9.7%），IAC Inc.同比增速更快（-10.5% vs -18.3%），ROKU, INC自由现金流更多（$298.4M vs $31.4M），过去两年ROKU, INC的营收复合增速更高（13.6% vs 1.7%）
IAC Inc.是一家美国控股企业，业务覆盖媒体与互联网领域，在全球拥有多个知名品牌。公司前身是1996年成立的HSN Inc.，当时作为家庭购物频道Home Shopping Network和USA电视台的控股主体运营，1999年更名为USA Networks Inc.，2002年将旗下电视业务资产出售给威望迪集团。
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。
IAC vs ROKU — 直观对比
营收规模更大
ROKU
是对方的1.9倍
$646.0M
营收增速更快
IAC
高出7.8%
-18.3%
净利率更高
ROKU
高出9.7%
-11.9%
自由现金流更多
ROKU
多$267.0M
$31.4M
两年增速更快
ROKU
近两年复合增速
1.7%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $646.0M | $1.2B |
| 净利润 | $-76.8M | $-27.4M |
| 毛利率 | 69.8% | 35.6% |
| 营业利润率 | -17.5% | 59.7% |
| 净利率 | -11.9% | -2.2% |
| 营收同比 | -10.5% | -18.3% |
| 净利润同比 | 61.4% | -361.0% |
| 每股收益（稀释后） | $-0.96 | $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IACROKU
| Q1 26 | — | $1.2B | ||
| Q4 25 | $646.0M | $1.4B | ||
| Q3 25 | $589.8M | $1.2B | ||
| Q2 25 | $586.9M | $1.1B | ||
| Q1 25 | $570.5M | $1.0B | ||
| Q4 24 | $721.4M | $1.2B | ||
| Q3 24 | $642.0M | $1.1B | ||
| Q2 24 | $634.4M | $968.2M |
净利润IACROKU
| Q1 26 | — | $-27.4M | ||
| Q4 25 | $-76.8M | $80.5M | ||
| Q3 25 | $-21.9M | $24.8M | ||
| Q2 25 | $211.5M | $10.5M | ||
| Q1 25 | $-216.8M | $-27.4M | ||
| Q4 24 | $-199.0M | $-35.5M | ||
| Q3 24 | $-243.7M | $-9.0M | ||
| Q2 24 | $-142.2M | $-34.0M |
毛利率IACROKU
| Q1 26 | — | 35.6% | ||
| Q4 25 | 69.8% | 43.5% | ||
| Q3 25 | 64.8% | 43.4% | ||
| Q2 25 | 65.6% | 44.8% | ||
| Q1 25 | 64.0% | 43.6% | ||
| Q4 24 | 65.8% | 42.7% | ||
| Q3 24 | 62.1% | 45.2% | ||
| Q2 24 | 60.1% | 43.9% |
营业利润率IACROKU
| Q1 26 | — | 59.7% | ||
| Q4 25 | -17.5% | 4.7% | ||
| Q3 25 | -3.5% | 0.8% | ||
| Q2 25 | 0.1% | -2.1% | ||
| Q1 25 | 6.3% | -5.7% | ||
| Q4 24 | 6.7% | -3.3% | ||
| Q3 24 | 1.3% | -3.4% | ||
| Q2 24 | -3.4% | -7.4% |
净利率IACROKU
| Q1 26 | — | -2.2% | ||
| Q4 25 | -11.9% | 5.8% | ||
| Q3 25 | -3.7% | 2.0% | ||
| Q2 25 | 36.0% | 0.9% | ||
| Q1 25 | -38.0% | -2.7% | ||
| Q4 24 | -27.6% | -3.0% | ||
| Q3 24 | -38.0% | -0.9% | ||
| Q2 24 | -22.4% | -3.5% |
每股收益（稀释后）IACROKU
| Q1 26 | — | $0.57 | ||
| Q4 25 | $-0.96 | $0.55 | ||
| Q3 25 | $-0.27 | $0.16 | ||
| Q2 25 | $2.57 | $0.07 | ||
| Q1 25 | $-2.64 | $-0.19 | ||
| Q4 24 | $-2.36 | $-0.24 | ||
| Q3 24 | $-2.93 | $-0.06 | ||
| Q2 24 | $-1.71 | $-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 | $960.2M | $2.4B |
| 总债务越低越好 | $1.4B | — |
| 股东权益账面价值 | $4.7B | $2.7B |
| 总资产 | $7.1B | $4.4B |
| 负债/权益比越低杠杆越低 | 0.30× | — |
8季度趋势，按日历期对齐
现金及短期投资IACROKU
| Q1 26 | — | $2.4B | ||
| Q4 25 | $960.2M | $2.3B | ||
| Q3 25 | $1.0B | $2.3B | ||
| Q2 25 | $1.1B | $2.3B | ||
| Q1 25 | $1.2B | $2.3B | ||
| Q4 24 | $1.4B | $2.2B | ||
| Q3 24 | $1.3B | $2.1B | ||
| Q2 24 | $1.3B | $2.1B |
总债务IACROKU
| Q1 26 | — | — | ||
| Q4 25 | $1.4B | — | ||
| Q3 25 | $1.4B | — | ||
| Q2 25 | $1.4B | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益IACROKU
| Q1 26 | — | $2.7B | ||
| Q4 25 | $4.7B | $2.7B | ||
| Q3 25 | $4.8B | $2.6B | ||
| Q2 25 | $4.9B | $2.6B | ||
| Q1 25 | $4.7B | $2.5B | ||
| Q4 24 | $5.6B | $2.5B | ||
| Q3 24 | $5.8B | $2.5B | ||
| Q2 24 | $6.0B | $2.4B |
总资产IACROKU
| Q1 26 | — | $4.4B | ||
| Q4 25 | $7.1B | $4.4B | ||
| Q3 25 | $7.2B | $4.4B | ||
| Q2 25 | $7.4B | $4.3B | ||
| Q1 25 | $7.2B | $4.2B | ||
| Q4 24 | $9.7B | $4.3B | ||
| Q3 24 | $9.8B | $4.3B | ||
| Q2 24 | $10.2B | $4.1B |
负债/权益比IACROKU
| Q1 26 | — | — | ||
| Q4 25 | 0.30× | — | ||
| Q3 25 | 0.30× | — | ||
| Q2 25 | 0.30× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| 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 | $36.6M | $199.1M |
| 自由现金流经营现金流 - 资本支出 | $31.4M | $298.4M |
| 自由现金流率自由现金流/营收 | 4.9% | 23.9% |
| 资本支出强度资本支出/营收 | 0.8% | — |
| 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 | $44.8M | $640.0M |
8季度趋势，按日历期对齐
经营现金流IACROKU
| Q1 26 | — | $199.1M | ||
| Q4 25 | $36.6M | $107.7M | ||
| Q3 25 | $30.1M | $127.6M | ||
| Q2 25 | $-2.8M | $109.7M | ||
| Q1 25 | $63.0K | $138.7M | ||
| Q4 24 | $110.1M | $79.3M | ||
| Q3 24 | $95.3M | $68.7M | ||
| Q2 24 | $85.0M | $23.4M |
自由现金流IACROKU
| Q1 26 | — | $298.4M | ||
| Q4 25 | $31.4M | $106.6M | ||
| Q3 25 | $25.3M | $126.5M | ||
| Q2 25 | $-7.2M | $108.6M | ||
| Q1 25 | $-4.6M | $136.8M | ||
| Q4 24 | $104.8M | $76.8M | ||
| Q3 24 | $92.0M | $67.6M | ||
| Q2 24 | $81.6M | $22.5M |
自由现金流率IACROKU
| Q1 26 | — | 23.9% | ||
| Q4 25 | 4.9% | 7.6% | ||
| Q3 25 | 4.3% | 10.4% | ||
| Q2 25 | -1.2% | 9.8% | ||
| Q1 25 | -0.8% | 13.4% | ||
| Q4 24 | 14.5% | 6.4% | ||
| Q3 24 | 14.3% | 6.4% | ||
| Q2 24 | 12.9% | 2.3% |
资本支出强度IACROKU
| Q1 26 | — | — | ||
| Q4 25 | 0.8% | 0.1% | ||
| Q3 25 | 0.8% | 0.1% | ||
| Q2 25 | 0.8% | 0.1% | ||
| Q1 25 | 0.8% | 0.2% | ||
| Q4 24 | 0.7% | 0.2% | ||
| Q3 24 | 0.5% | 0.1% | ||
| Q2 24 | 0.5% | 0.1% |
现金转化率IACROKU
| Q1 26 | — | — | ||
| Q4 25 | — | 1.34× | ||
| Q3 25 | — | 5.14× | ||
| Q2 25 | -0.01× | 10.45× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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
IAC
| $168.5M | 26% | |
| Performance Marketing | $101.2M | 16% |
| Care.com | $85.7M | 13% |
| Subscription | $69.5M | 11% |
| Licensing And Other | $43.8M | 7% |
| Consumer Revenue | $43.2M | 7% |
| Advertising | $35.9M | 6% |
| Project And Other Print | $33.6M | 5% |
| Advertising Google | $28.9M | 4% |
| Newsstand | $22.4M | 3% |
| Emerging Other | $19.6M | 3% |
ROKU
| Advertising | $612.7M | 49% |
| Subscriptions | $518.5M | 42% |
| Devices | $117.6M | 9% |
