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骏利亨德森集团（JHG）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的季度营收约是骏利亨德森集团的1.1倍（$1.2B vs $1.1B），骏利亨德森集团净利率更高（35.3% vs -2.2%，领先37.5%），骏利亨德森集团同比增速更快（61.3% vs -18.3%），骏利亨德森集团自由现金流更多（$320.4M vs $298.4M），过去两年骏利亨德森集团的营收复合增速更高（43.9% vs 13.6%）
骏利亨德森集团是英美联手设立的全球资产管理企业，总部位于英国伦敦金融城，旗下以「骏利亨德森投资者」为运营品牌，面向全球个人投资者、中介顾问及机构客户提供多元金融产品与专业资产管理服务。
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。
JHG vs ROKU — 直观对比
营收规模更大
ROKU
是对方的1.1倍
$1.1B
营收增速更快
JHG
高出79.5%
-18.3%
净利率更高
JHG
高出37.5%
-2.2%
自由现金流更多
JHG
多$22.0M
$298.4M
两年增速更快
JHG
近两年复合增速
13.6%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $1.2B |
| 净利润 | $403.2M | $-27.4M |
| 毛利率 | — | 35.6% |
| 营业利润率 | 42.7% | 59.7% |
| 净利率 | 35.3% | -2.2% |
| 营收同比 | 61.3% | -18.3% |
| 净利润同比 | 231.0% | -361.0% |
| 每股收益（稀释后） | $2.59 | $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JHGROKU
| Q1 26 | — | $1.2B | ||
| Q4 25 | $1.1B | $1.4B | ||
| Q3 25 | $700.4M | $1.2B | ||
| Q2 25 | $633.2M | $1.1B | ||
| Q1 25 | $621.4M | $1.0B | ||
| Q4 24 | $708.3M | $1.2B | ||
| Q3 24 | $624.8M | $1.1B | ||
| Q2 24 | $588.4M | $968.2M |
净利润JHGROKU
| Q1 26 | — | $-27.4M | ||
| Q4 25 | $403.2M | $80.5M | ||
| Q3 25 | $142.1M | $24.8M | ||
| Q2 25 | $149.9M | $10.5M | ||
| Q1 25 | $120.7M | $-27.4M | ||
| Q4 24 | $121.8M | $-35.5M | ||
| Q3 24 | $27.3M | $-9.0M | ||
| Q2 24 | $129.7M | $-34.0M |
毛利率JHGROKU
| 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JHGROKU
| Q1 26 | — | 59.7% | ||
| Q4 25 | 42.7% | 4.7% | ||
| Q3 25 | 24.6% | 0.8% | ||
| Q2 25 | 25.9% | -2.1% | ||
| Q1 25 | 24.7% | -5.7% | ||
| Q4 24 | 27.9% | -3.3% | ||
| Q3 24 | 26.4% | -3.4% | ||
| Q2 24 | 27.9% | -7.4% |
净利率JHGROKU
| Q1 26 | — | -2.2% | ||
| Q4 25 | 35.3% | 5.8% | ||
| Q3 25 | 20.3% | 2.0% | ||
| Q2 25 | 23.7% | 0.9% | ||
| Q1 25 | 19.4% | -2.7% | ||
| Q4 24 | 17.2% | -3.0% | ||
| Q3 24 | 4.4% | -0.9% | ||
| Q2 24 | 22.0% | -3.5% |
每股收益（稀释后）JHGROKU
| Q1 26 | — | $0.57 | ||
| Q4 25 | $2.59 | $0.55 | ||
| Q3 25 | $0.92 | $0.16 | ||
| Q2 25 | $0.95 | $0.07 | ||
| Q1 25 | $0.77 | $-0.19 | ||
| Q4 24 | $0.77 | $-0.24 | ||
| Q3 24 | $0.17 | $-0.06 | ||
| Q2 24 | $0.81 | $-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 | $1.6B | $2.4B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $5.1B | $2.7B |
| 总资产 | $8.3B | $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JHGROKU
| Q1 26 | — | $2.4B | ||
| Q4 25 | $1.6B | $2.3B | ||
| Q3 25 | $1.4B | $2.3B | ||
| Q2 25 | $1.3B | $2.3B | ||
| Q1 25 | $1.4B | $2.3B | ||
| Q4 24 | $1.6B | $2.2B | ||
| Q3 24 | $1.8B | $2.1B | ||
| Q2 24 | $1.3B | $2.1B |
股东权益JHGROKU
| Q1 26 | — | $2.7B | ||
| Q4 25 | $5.1B | $2.7B | ||
| Q3 25 | $4.8B | $2.6B | ||
| Q2 25 | $4.8B | $2.6B | ||
| Q1 25 | $4.7B | $2.5B | ||
| Q4 24 | $4.6B | $2.5B | ||
| Q3 24 | $4.6B | $2.5B | ||
| Q2 24 | $4.5B | $2.4B |
总资产JHGROKU
| Q1 26 | — | $4.4B | ||
| Q4 25 | $8.3B | $4.4B | ||
| Q3 25 | $7.6B | $4.4B | ||
| Q2 25 | $7.5B | $4.3B | ||
| Q1 25 | $7.1B | $4.2B | ||
| Q4 24 | $7.0B | $4.3B | ||
| Q3 24 | $7.3B | $4.3B | ||
| Q2 24 | $6.4B | $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 | $322.7M | $199.1M |
| 自由现金流经营现金流 - 资本支出 | $320.4M | $298.4M |
| 自由现金流率自由现金流/营收 | 28.0% | 23.9% |
| 资本支出强度资本支出/营收 | 0.2% | — |
| 现金转化率经营现金流/净利润 | 0.80× | — |
| 过去12个月自由现金流最近4个季度 | $710.9M | $640.0M |
8季度趋势，按日历期对齐
经营现金流JHGROKU
| Q1 26 | — | $199.1M | ||
| Q4 25 | $322.7M | $107.7M | ||
| Q3 25 | $258.8M | $127.6M | ||
| Q2 25 | $135.2M | $109.7M | ||
| Q1 25 | $2.8M | $138.7M | ||
| Q4 24 | $247.3M | $79.3M | ||
| Q3 24 | $228.5M | $68.7M | ||
| Q2 24 | $223.8M | $23.4M |
自由现金流JHGROKU
| Q1 26 | — | $298.4M | ||
| Q4 25 | $320.4M | $106.6M | ||
| Q3 25 | $256.4M | $126.5M | ||
| Q2 25 | $133.2M | $108.6M | ||
| Q1 25 | $900.0K | $136.8M | ||
| Q4 24 | $243.5M | $76.8M | ||
| Q3 24 | $225.9M | $67.6M | ||
| Q2 24 | $221.9M | $22.5M |
自由现金流率JHGROKU
| Q1 26 | — | 23.9% | ||
| Q4 25 | 28.0% | 7.6% | ||
| Q3 25 | 36.6% | 10.4% | ||
| Q2 25 | 21.0% | 9.8% | ||
| Q1 25 | 0.1% | 13.4% | ||
| Q4 24 | 34.4% | 6.4% | ||
| Q3 24 | 36.2% | 6.4% | ||
| Q2 24 | 37.7% | 2.3% |
资本支出强度JHGROKU
| Q1 26 | — | — | ||
| Q4 25 | 0.2% | 0.1% | ||
| Q3 25 | 0.3% | 0.1% | ||
| Q2 25 | 0.3% | 0.1% | ||
| Q1 25 | 0.3% | 0.2% | ||
| Q4 24 | 0.5% | 0.2% | ||
| Q3 24 | 0.4% | 0.1% | ||
| Q2 24 | 0.3% | 0.1% |
现金转化率JHGROKU
| Q1 26 | — | — | ||
| Q4 25 | 0.80× | 1.34× | ||
| Q3 25 | 1.82× | 5.14× | ||
| Q2 25 | 0.90× | 10.45× | ||
| Q1 25 | 0.02× | — | ||
| Q4 24 | 2.03× | — | ||
| Q3 24 | 8.37× | — | ||
| Q2 24 | 1.73× | — |
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
JHG
| Investment Advice | $585.2M | 51% |
| Investment Performance | $425.8M | 37% |
| Other | $76.4M | 7% |
ROKU
| Advertising | $612.7M | 49% |
| Subscriptions | $518.5M | 42% |
| Devices | $117.6M | 9% |
