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KB HOME（KBH）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
KB HOME的季度营收约是罗布乐思的1.2倍（$1.7B vs $1.4B），KB HOME净利率更高（6.0% vs -22.3%，领先28.3%），罗布乐思同比增速更快（43.2% vs -15.3%），罗布乐思自由现金流更多（$308.6M vs $290.1M），过去两年罗布乐思的营收复合增速更高（32.9% vs 7.4%）
KB Home是美国知名住宅建造企业，1957年于密歇根州底特律成立，前身为Kaufman & Broad，是首家在纽约证券交易所上市的住宅建造商，总部现位于加利福尼亚州洛杉矶。
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。
KBH vs RBLX — 直观对比
营收规模更大
KBH
是对方的1.2倍
$1.4B
营收增速更快
RBLX
高出58.5%
-15.3%
净利率更高
KBH
高出28.3%
-22.3%
自由现金流更多
RBLX
多$18.5M
$290.1M
两年增速更快
RBLX
近两年复合增速
7.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.7B | $1.4B |
| 净利润 | $101.5M | $-316.0M |
| 毛利率 | — | 77.7% |
| 营业利润率 | — | -25.3% |
| 净利率 | 6.0% | -22.3% |
| 营收同比 | -15.3% | 43.2% |
| 净利润同比 | -46.7% | -43.9% |
| 每股收益（稀释后） | $1.55 | $-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KBHRBLX
| Q4 25 | $1.7B | $1.4B | ||
| Q3 25 | $1.6B | $1.4B | ||
| Q2 25 | $1.5B | $1.1B | ||
| Q1 25 | $1.4B | $1.0B | ||
| Q4 24 | $2.0B | $988.2M | ||
| Q3 24 | $1.8B | $919.0M | ||
| Q2 24 | $1.7B | $893.5M | ||
| Q1 24 | $1.5B | $801.3M |
净利润KBHRBLX
| Q4 25 | $101.5M | $-316.0M | ||
| Q3 25 | $109.8M | $-255.6M | ||
| Q2 25 | $107.9M | $-278.4M | ||
| Q1 25 | $109.6M | $-215.1M | ||
| Q4 24 | $190.6M | $-219.6M | ||
| Q3 24 | $157.3M | $-239.3M | ||
| Q2 24 | $168.4M | $-205.9M | ||
| Q1 24 | $138.7M | $-270.6M |
毛利率KBHRBLX
| 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% | ||
| Q1 24 | — | 77.7% |
营业利润率KBHRBLX
| 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% | ||
| Q1 24 | — | -37.7% |
净利率KBHRBLX
| Q4 25 | 6.0% | -22.3% | ||
| Q3 25 | 6.8% | -18.8% | ||
| Q2 25 | 7.1% | -25.8% | ||
| Q1 25 | 7.9% | -20.8% | ||
| Q4 24 | 9.5% | -22.2% | ||
| Q3 24 | 9.0% | -26.0% | ||
| Q2 24 | 9.9% | -23.0% | ||
| Q1 24 | 9.4% | -33.8% |
每股收益（稀释后）KBHRBLX
| Q4 25 | $1.55 | $-0.44 | ||
| Q3 25 | $1.61 | $-0.37 | ||
| Q2 25 | $1.50 | $-0.41 | ||
| Q1 25 | $1.49 | $-0.32 | ||
| Q4 24 | $2.50 | $-0.32 | ||
| Q3 24 | $2.04 | $-0.37 | ||
| Q2 24 | $2.15 | $-0.32 | ||
| Q1 24 | $1.76 | $-0.43 |
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 | — | $3.1B |
| 总债务越低越好 | — | $1.2B |
| 股东权益账面价值 | $3.9B | $394.5M |
| 总资产 | $6.7B | $9.6B |
| 负债/权益比越低杠杆越低 | — | 2.98× |
8季度趋势，按日历期对齐
现金及短期投资KBHRBLX
| Q4 25 | — | $3.1B | ||
| Q3 25 | — | $2.9B | ||
| Q2 25 | — | $2.6B | ||
| Q1 25 | — | $2.7B | ||
| Q4 24 | — | $2.4B | ||
| Q3 24 | — | $2.3B | ||
| Q2 24 | — | $2.4B | ||
| Q1 24 | — | $2.4B |
总债务KBHRBLX
| Q4 25 | — | $1.2B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益KBHRBLX
| Q4 25 | $3.9B | $394.5M | ||
| Q3 25 | $3.9B | $407.6M | ||
| Q2 25 | $4.0B | $353.2M | ||
| Q1 25 | $4.1B | $310.7M | ||
| Q4 24 | $4.1B | $221.4M | ||
| Q3 24 | $4.0B | $189.9M | ||
| Q2 24 | $4.0B | $121.5M | ||
| Q1 24 | $3.9B | $71.6M |
总资产KBHRBLX
| Q4 25 | $6.7B | $9.6B | ||
| Q3 25 | $7.0B | $8.6B | ||
| Q2 25 | $7.0B | $7.8B | ||
| Q1 25 | $7.0B | $7.5B | ||
| Q4 24 | $6.9B | $7.2B | ||
| Q3 24 | $6.8B | $6.7B | ||
| Q2 24 | $6.8B | $6.5B | ||
| Q1 24 | $6.7B | $6.3B |
负债/权益比KBHRBLX
| Q4 25 | — | 2.98× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 5.48× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 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 | $303.8M | $607.0M |
| 自由现金流经营现金流 - 资本支出 | $290.1M | $308.6M |
| 自由现金流率自由现金流/营收 | 17.1% | 21.8% |
| 资本支出强度资本支出/营收 | 0.8% | 21.1% |
| 现金转化率经营现金流/净利润 | 2.99× | — |
| 过去12个月自由现金流最近4个季度 | $287.3M | $1.4B |
8季度趋势，按日历期对齐
经营现金流KBHRBLX
| Q4 25 | $303.8M | $607.0M | ||
| Q3 25 | $197.7M | $546.2M | ||
| Q2 25 | $168.4M | $199.3M | ||
| Q1 25 | $-334.3M | $443.9M | ||
| Q4 24 | $362.6M | $184.5M | ||
| Q3 24 | $-89.9M | $247.4M | ||
| Q2 24 | $61.5M | $151.4M | ||
| Q1 24 | $28.5M | $238.9M |
自由现金流KBHRBLX
| Q4 25 | $290.1M | $308.6M | ||
| Q3 25 | $185.8M | $443.6M | ||
| Q2 25 | $156.9M | $176.7M | ||
| Q1 25 | $-345.5M | $426.5M | ||
| Q4 24 | $352.6M | $120.6M | ||
| Q3 24 | $-99.4M | $218.0M | ||
| Q2 24 | $51.2M | $111.7M | ||
| Q1 24 | $19.1M | $192.3M |
自由现金流率KBHRBLX
| Q4 25 | 17.1% | 21.8% | ||
| Q3 25 | 11.5% | 32.6% | ||
| Q2 25 | 10.3% | 16.3% | ||
| Q1 25 | -24.8% | 41.2% | ||
| Q4 24 | 17.6% | 12.2% | ||
| Q3 24 | -5.7% | 23.7% | ||
| Q2 24 | 3.0% | 12.5% | ||
| Q1 24 | 1.3% | 24.0% |
资本支出强度KBHRBLX
| Q4 25 | 0.8% | 21.1% | ||
| Q3 25 | 0.7% | 7.5% | ||
| Q2 25 | 0.8% | 2.1% | ||
| Q1 25 | 0.8% | 1.7% | ||
| Q4 24 | 0.5% | 6.5% | ||
| Q3 24 | 0.5% | 3.2% | ||
| Q2 24 | 0.6% | 4.4% | ||
| Q1 24 | 0.6% | 5.8% |
现金转化率KBHRBLX
| Q4 25 | 2.99× | — | ||
| Q3 25 | 1.80× | — | ||
| Q2 25 | 1.56× | — | ||
| Q1 25 | -3.05× | — | ||
| Q4 24 | 1.90× | — | ||
| Q3 24 | -0.57× | — | ||
| Q2 24 | 0.37× | — | ||
| Q1 24 | 0.21× | — |
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
KBH
| Home Building | $1.7B | 99% |
| Financial Service | $8.7M | 1% |
RBLX
暂无分部数据
