vs
盈透证券（IBKR）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
盈透证券的季度营收约是罗布乐思的1.2倍（$1.7B vs $1.4B），盈透证券净利率更高（70.2% vs -22.3%，领先92.5%），罗布乐思同比增速更快（43.2% vs 17.0%），过去两年盈透证券的营收复合增速更高（87.6% vs 32.9%）
盈透证券集团是总部位于美国康涅狄格州格林威治的跨国经纪机构，运营着美国日均营收交易量最高的电子交易平台，2024年日均处理交易达260万笔。作为全球最大的外汇市场经纪商，同时也是头部主经纪商之一，服务商品经纪机构，可提供股票、期权、期货等多品类资产的经纪服务。
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。
IBKR vs RBLX — 直观对比
营收规模更大
IBKR
是对方的1.2倍
$1.4B
营收增速更快
RBLX
高出26.2%
17.0%
净利率更高
IBKR
高出92.5%
-22.3%
两年增速更快
IBKR
近两年复合增速
32.9%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.7B | $1.4B |
| 净利润 | $1.2B | $-316.0M |
| 毛利率 | — | 77.7% |
| 营业利润率 | — | -25.3% |
| 净利率 | 70.2% | -22.3% |
| 营收同比 | 17.0% | 43.2% |
| 净利润同比 | 21.5% | -43.9% |
| 每股收益（稀释后） | $0.59 | $-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IBKRRBLX
| Q1 26 | $1.7B | — | ||
| Q4 25 | $667.0M | $1.4B | ||
| Q3 25 | $603.0M | $1.4B | ||
| Q2 25 | $578.0M | $1.1B | ||
| Q1 25 | $592.0M | $1.0B | ||
| Q4 24 | $558.0M | $988.2M | ||
| Q3 24 | $507.0M | $919.0M | ||
| Q2 24 | $474.0M | $893.5M |
净利润IBKRRBLX
| Q1 26 | $1.2B | — | ||
| Q4 25 | $1.2B | $-316.0M | ||
| Q3 25 | $1.2B | $-255.6M | ||
| Q2 25 | $1.0B | $-278.4M | ||
| Q1 25 | $964.0M | $-215.1M | ||
| Q4 24 | $969.0M | $-219.6M | ||
| Q3 24 | $834.0M | $-239.3M | ||
| Q2 24 | $809.0M | $-205.9M |
毛利率IBKRRBLX
| Q1 26 | — | — | ||
| 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% |
营业利润率IBKRRBLX
| Q1 26 | — | — | ||
| Q4 25 | — | -25.3% | ||
| Q3 25 | — | -21.8% | ||
| Q2 25 | — | -29.8% | ||
| Q1 25 | — | -24.6% | ||
| Q4 24 | — | -24.7% | ||
| Q3 24 | — | -30.4% | ||
| Q2 24 | — | -26.6% |
净利率IBKRRBLX
| Q1 26 | 70.2% | — | ||
| Q4 25 | 180.1% | -22.3% | ||
| Q3 25 | 196.7% | -18.8% | ||
| Q2 25 | 174.0% | -25.8% | ||
| Q1 25 | 162.8% | -20.8% | ||
| Q4 24 | 173.7% | -22.2% | ||
| Q3 24 | 164.5% | -26.0% | ||
| Q2 24 | 170.7% | -23.0% |
每股收益（稀释后）IBKRRBLX
| Q1 26 | $0.59 | — | ||
| Q4 25 | $-0.82 | $-0.44 | ||
| Q3 25 | $0.59 | $-0.37 | ||
| Q2 25 | $0.51 | $-0.41 | ||
| Q1 25 | $1.94 | $-0.32 | ||
| Q4 24 | $2.00 | $-0.32 | ||
| Q3 24 | $1.67 | $-0.37 | ||
| Q2 24 | $1.65 | $-0.32 |
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 | $5.1B | $3.1B |
| 总债务越低越好 | $12.0M | $1.2B |
| 股东权益账面价值 | $5.6B | $394.5M |
| 总资产 | $218.7B | $9.6B |
| 负债/权益比越低杠杆越低 | 0.00× | 2.98× |
8季度趋势，按日历期对齐
现金及短期投资IBKRRBLX
| Q1 26 | $5.1B | — | ||
| Q4 25 | $5.0B | $3.1B | ||
| Q3 25 | $5.1B | $2.9B | ||
| Q2 25 | $4.7B | $2.6B | ||
| Q1 25 | $3.5B | $2.7B | ||
| Q4 24 | $3.6B | $2.4B | ||
| Q3 24 | $3.6B | $2.3B | ||
| Q2 24 | $3.9B | $2.4B |
总债务IBKRRBLX
| Q1 26 | $12.0M | — | ||
| Q4 25 | — | $1.2B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益IBKRRBLX
| Q1 26 | $5.6B | — | ||
| Q4 25 | $5.4B | $394.5M | ||
| Q3 25 | $5.1B | $407.6M | ||
| Q2 25 | $4.8B | $353.2M | ||
| Q1 25 | $4.5B | $310.7M | ||
| Q4 24 | $4.3B | $221.4M | ||
| Q3 24 | $4.1B | $189.9M | ||
| Q2 24 | $3.9B | $121.5M |
总资产IBKRRBLX
| Q1 26 | $218.7B | — | ||
| Q4 25 | $203.2B | $9.6B | ||
| Q3 25 | $200.2B | $8.6B | ||
| Q2 25 | $181.5B | $7.8B | ||
| Q1 25 | $157.7B | $7.5B | ||
| Q4 24 | $150.1B | $7.2B | ||
| Q3 24 | $148.5B | $6.7B | ||
| Q2 24 | $136.6B | $6.5B |
负债/权益比IBKRRBLX
| Q1 26 | 0.00× | — | ||
| Q4 25 | — | 2.98× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 5.48× | ||
| 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 | — | $607.0M |
| 自由现金流经营现金流 - 资本支出 | — | $308.6M |
| 自由现金流率自由现金流/营收 | — | 21.8% |
| 资本支出强度资本支出/营收 | — | 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 | — | $1.4B |
8季度趋势，按日历期对齐
经营现金流IBKRRBLX
| Q1 26 | — | — | ||
| Q4 25 | $1.6B | $607.0M | ||
| Q3 25 | $4.5B | $546.2M | ||
| Q2 25 | $7.1B | $199.3M | ||
| Q1 25 | $2.6B | $443.9M | ||
| Q4 24 | $1.8B | $184.5M | ||
| Q3 24 | $3.6B | $247.4M | ||
| Q2 24 | $1.6B | $151.4M |
自由现金流IBKRRBLX
| Q1 26 | — | — | ||
| Q4 25 | — | $308.6M | ||
| Q3 25 | — | $443.6M | ||
| Q2 25 | — | $176.7M | ||
| Q1 25 | — | $426.5M | ||
| Q4 24 | — | $120.6M | ||
| Q3 24 | — | $218.0M | ||
| Q2 24 | — | $111.7M |
自由现金流率IBKRRBLX
| Q1 26 | — | — | ||
| Q4 25 | — | 21.8% | ||
| Q3 25 | — | 32.6% | ||
| Q2 25 | — | 16.3% | ||
| Q1 25 | — | 41.2% | ||
| Q4 24 | — | 12.2% | ||
| Q3 24 | — | 23.7% | ||
| Q2 24 | — | 12.5% |
资本支出强度IBKRRBLX
| Q1 26 | — | — | ||
| Q4 25 | — | 21.1% | ||
| Q3 25 | — | 7.5% | ||
| Q2 25 | — | 2.1% | ||
| Q1 25 | — | 1.7% | ||
| Q4 24 | — | 6.5% | ||
| Q3 24 | — | 3.2% | ||
| Q2 24 | — | 4.4% |
现金转化率IBKRRBLX
| Q1 26 | — | — | ||
| Q4 25 | 1.34× | — | ||
| Q3 25 | 3.78× | — | ||
| Q2 25 | 7.10× | — | ||
| Q1 25 | 2.68× | — | ||
| Q4 24 | 1.90× | — | ||
| Q3 24 | 4.29× | — | ||
| Q2 24 | 2.00× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
