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高德纳（IT）与ROKU, INC（ROKU）财务数据对比。点击上方公司名可切换其他公司
高德纳的季度营收约是ROKU, INC的1.4倍（$1.8B vs $1.2B），高德纳净利率更高（13.8% vs -2.2%，领先16.0%），高德纳同比增速更快（2.2% vs -18.3%），ROKU, INC自由现金流更多（$298.4M vs $270.7M），过去两年ROKU, INC的营收复合增速更高（13.6% vs 9.1%）
高德纳是美国专注于商业与科技领域的研究咨询机构，服务客户覆盖大型企业、政府机构、科技公司、投资机构等群体，通过输出研究报告、举办行业峰会、提供定制咨询等形式，为客户决策提供权威专业的洞见支撑。
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。
IT vs ROKU — 直观对比
营收规模更大
IT
是对方的1.4倍
$1.2B
营收增速更快
IT
高出20.5%
-18.3%
净利率更高
IT
高出16.0%
-2.2%
自由现金流更多
ROKU
多$27.7M
$270.7M
两年增速更快
ROKU
近两年复合增速
9.1%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.8B | $1.2B |
| 净利润 | $242.2M | $-27.4M |
| 毛利率 | 67.8% | 35.6% |
| 营业利润率 | 19.1% | 59.7% |
| 净利率 | 13.8% | -2.2% |
| 营收同比 | 2.2% | -18.3% |
| 净利润同比 | -39.2% | -361.0% |
| 每股收益（稀释后） | $3.36 | $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ITROKU
| Q1 26 | — | $1.2B | ||
| Q4 25 | $1.8B | $1.4B | ||
| Q3 25 | $1.5B | $1.2B | ||
| Q2 25 | $1.7B | $1.1B | ||
| Q1 25 | $1.5B | $1.0B | ||
| Q4 24 | $1.7B | $1.2B | ||
| Q3 24 | $1.5B | $1.1B | ||
| Q2 24 | $1.6B | $968.2M |
净利润ITROKU
| Q1 26 | — | $-27.4M | ||
| Q4 25 | $242.2M | $80.5M | ||
| Q3 25 | $35.4M | $24.8M | ||
| Q2 25 | $240.8M | $10.5M | ||
| Q1 25 | $210.9M | $-27.4M | ||
| Q4 24 | $398.6M | $-35.5M | ||
| Q3 24 | $415.0M | $-9.0M | ||
| Q2 24 | $229.5M | $-34.0M |
毛利率ITROKU
| Q1 26 | — | 35.6% | ||
| Q4 25 | 67.8% | 43.5% | ||
| Q3 25 | 69.3% | 43.4% | ||
| Q2 25 | 68.6% | 44.8% | ||
| Q1 25 | 69.4% | 43.6% | ||
| Q4 24 | 66.8% | 42.7% | ||
| Q3 24 | 68.4% | 45.2% | ||
| Q2 24 | 68.6% | 43.9% |
营业利润率ITROKU
| Q1 26 | — | 59.7% | ||
| Q4 25 | 19.1% | 4.7% | ||
| Q3 25 | 5.7% | 0.8% | ||
| Q2 25 | 19.4% | -2.1% | ||
| Q1 25 | 18.1% | -5.7% | ||
| Q4 24 | 18.5% | -3.3% | ||
| Q3 24 | 16.6% | -3.4% | ||
| Q2 24 | 20.0% | -7.4% |
净利率ITROKU
| Q1 26 | — | -2.2% | ||
| Q4 25 | 13.8% | 5.8% | ||
| Q3 25 | 2.3% | 2.0% | ||
| Q2 25 | 14.3% | 0.9% | ||
| Q1 25 | 13.7% | -2.7% | ||
| Q4 24 | 23.2% | -3.0% | ||
| Q3 24 | 28.0% | -0.9% | ||
| Q2 24 | 14.4% | -3.5% |
每股收益（稀释后）ITROKU
| Q1 26 | — | $0.57 | ||
| Q4 25 | $3.36 | $0.55 | ||
| Q3 25 | $0.47 | $0.16 | ||
| Q2 25 | $3.11 | $0.07 | ||
| Q1 25 | $2.71 | $-0.19 | ||
| Q4 24 | $5.08 | $-0.24 | ||
| Q3 24 | $5.32 | $-0.06 | ||
| Q2 24 | $2.93 | $-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 | $1.7B | $2.4B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $319.9M | $2.7B |
| 总资产 | $8.1B | $4.4B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资ITROKU
| Q1 26 | — | $2.4B | ||
| Q4 25 | $1.7B | $2.3B | ||
| Q3 25 | $1.4B | $2.3B | ||
| Q2 25 | $2.2B | $2.3B | ||
| Q1 25 | $2.1B | $2.3B | ||
| Q4 24 | $1.9B | $2.2B | ||
| Q3 24 | $1.8B | $2.1B | ||
| Q2 24 | $1.2B | $2.1B |
股东权益ITROKU
| Q1 26 | — | $2.7B | ||
| Q4 25 | $319.9M | $2.7B | ||
| Q3 25 | $556.6M | $2.6B | ||
| Q2 25 | $1.5B | $2.6B | ||
| Q1 25 | $1.5B | $2.5B | ||
| Q4 24 | $1.4B | $2.5B | ||
| Q3 24 | $1.1B | $2.5B | ||
| Q2 24 | $646.7M | $2.4B |
总资产ITROKU
| Q1 26 | — | $4.4B | ||
| Q4 25 | $8.1B | $4.4B | ||
| Q3 25 | $7.2B | $4.4B | ||
| Q2 25 | $8.3B | $4.3B | ||
| Q1 25 | $8.5B | $4.2B | ||
| Q4 24 | $8.5B | $4.3B | ||
| Q3 24 | $7.8B | $4.3B | ||
| Q2 24 | $7.4B | $4.1B |
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 | $294.5M | $199.1M |
| 自由现金流经营现金流 - 资本支出 | $270.7M | $298.4M |
| 自由现金流率自由现金流/营收 | 15.4% | 23.9% |
| 资本支出强度资本支出/营收 | 1.4% | — |
| 现金转化率经营现金流/净利润 | 1.22× | — |
| 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ITROKU
| Q1 26 | — | $199.1M | ||
| Q4 25 | $294.5M | $107.7M | ||
| Q3 25 | $298.7M | $127.6M | ||
| Q2 25 | $383.6M | $109.7M | ||
| Q1 25 | $313.5M | $138.7M | ||
| Q4 24 | $335.4M | $79.3M | ||
| Q3 24 | $590.8M | $68.7M | ||
| Q2 24 | $370.0M | $23.4M |
自由现金流ITROKU
| Q1 26 | — | $298.4M | ||
| Q4 25 | $270.7M | $106.6M | ||
| Q3 25 | $269.3M | $126.5M | ||
| Q2 25 | $347.3M | $108.6M | ||
| Q1 25 | $287.9M | $136.8M | ||
| Q4 24 | $311.4M | $76.8M | ||
| Q3 24 | $565.0M | $67.6M | ||
| Q2 24 | $340.6M | $22.5M |
自由现金流率ITROKU
| Q1 26 | — | 23.9% | ||
| Q4 25 | 15.4% | 7.6% | ||
| Q3 25 | 17.7% | 10.4% | ||
| Q2 25 | 20.6% | 9.8% | ||
| Q1 25 | 18.8% | 13.4% | ||
| Q4 24 | 18.2% | 6.4% | ||
| Q3 24 | 38.1% | 6.4% | ||
| Q2 24 | 21.4% | 2.3% |
资本支出强度ITROKU
| Q1 26 | — | — | ||
| Q4 25 | 1.4% | 0.1% | ||
| Q3 25 | 1.9% | 0.1% | ||
| Q2 25 | 2.1% | 0.1% | ||
| Q1 25 | 1.7% | 0.2% | ||
| Q4 24 | 1.4% | 0.2% | ||
| Q3 24 | 1.7% | 0.1% | ||
| Q2 24 | 1.8% | 0.1% |
现金转化率ITROKU
| Q1 26 | — | — | ||
| Q4 25 | 1.22× | 1.34× | ||
| Q3 25 | 8.45× | 5.14× | ||
| Q2 25 | 1.59× | 10.45× | ||
| Q1 25 | 1.49× | — | ||
| Q4 24 | 0.84× | — | ||
| Q3 24 | 1.42× | — | ||
| Q2 24 | 1.61× | — |
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
IT
| Transferred Over Time | $1.3B | 73% |
| Conferences | $286.2M | 16% |
| Consulting | $133.6M | 8% |
| Other | $52.3M | 3% |
ROKU
| Advertising | $612.7M | 49% |
| Subscriptions | $518.5M | 42% |
| Devices | $117.6M | 9% |
