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KB HOME（KBH）与ROKU, INC（ROKU）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ROKU, INC的1.4倍（$1.7B vs $1.2B），KB HOME净利率更高（6.0% vs -2.2%，领先8.2%），KB HOME同比增速更快（-15.3% vs -18.3%），ROKU, INC自由现金流更多（$298.4M vs $290.1M），过去两年ROKU, INC的营收复合增速更高（13.6% 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。
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。
KBH vs ROKU — 直观对比
营收规模更大
KBH
是对方的1.4倍
$1.2B
营收增速更快
KBH
高出3.0%
-18.3%
净利率更高
KBH
高出8.2%
-2.2%
自由现金流更多
ROKU
多$8.3M
$290.1M
两年增速更快
ROKU
近两年复合增速
7.4%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.7B | $1.2B |
| 净利润 | $101.5M | $-27.4M |
| 毛利率 | — | 35.6% |
| 营业利润率 | — | 59.7% |
| 净利率 | 6.0% | -2.2% |
| 营收同比 | -15.3% | -18.3% |
| 净利润同比 | -46.7% | -361.0% |
| 每股收益（稀释后） | $1.55 | $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KBHROKU
| Q1 26 | — | $1.2B | ||
| Q4 25 | $1.7B | $1.4B | ||
| Q3 25 | $1.6B | $1.2B | ||
| Q2 25 | $1.5B | $1.1B | ||
| Q1 25 | $1.4B | $1.0B | ||
| Q4 24 | $2.0B | $1.2B | ||
| Q3 24 | $1.8B | $1.1B | ||
| Q2 24 | $1.7B | $968.2M |
净利润KBHROKU
| Q1 26 | — | $-27.4M | ||
| Q4 25 | $101.5M | $80.5M | ||
| Q3 25 | $109.8M | $24.8M | ||
| Q2 25 | $107.9M | $10.5M | ||
| Q1 25 | $109.6M | $-27.4M | ||
| Q4 24 | $190.6M | $-35.5M | ||
| Q3 24 | $157.3M | $-9.0M | ||
| Q2 24 | $168.4M | $-34.0M |
毛利率KBHROKU
| 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KBHROKU
| Q1 26 | — | 59.7% | ||
| Q4 25 | — | 4.7% | ||
| Q3 25 | — | 0.8% | ||
| Q2 25 | — | -2.1% | ||
| Q1 25 | — | -5.7% | ||
| Q4 24 | — | -3.3% | ||
| Q3 24 | — | -3.4% | ||
| Q2 24 | — | -7.4% |
净利率KBHROKU
| Q1 26 | — | -2.2% | ||
| Q4 25 | 6.0% | 5.8% | ||
| Q3 25 | 6.8% | 2.0% | ||
| Q2 25 | 7.1% | 0.9% | ||
| Q1 25 | 7.9% | -2.7% | ||
| Q4 24 | 9.5% | -3.0% | ||
| Q3 24 | 9.0% | -0.9% | ||
| Q2 24 | 9.9% | -3.5% |
每股收益（稀释后）KBHROKU
| Q1 26 | — | $0.57 | ||
| Q4 25 | $1.55 | $0.55 | ||
| Q3 25 | $1.61 | $0.16 | ||
| Q2 25 | $1.50 | $0.07 | ||
| Q1 25 | $1.49 | $-0.19 | ||
| Q4 24 | $2.50 | $-0.24 | ||
| Q3 24 | $2.04 | $-0.06 | ||
| Q2 24 | $2.15 | $-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 | — | $2.4B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $3.9B | $2.7B |
| 总资产 | $6.7B | $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KBHROKU
| Q1 26 | — | $2.4B | ||
| Q4 25 | — | $2.3B | ||
| Q3 25 | — | $2.3B | ||
| Q2 25 | — | $2.3B | ||
| Q1 25 | — | $2.3B | ||
| Q4 24 | — | $2.2B | ||
| Q3 24 | — | $2.1B | ||
| Q2 24 | — | $2.1B |
股东权益KBHROKU
| Q1 26 | — | $2.7B | ||
| Q4 25 | $3.9B | $2.7B | ||
| Q3 25 | $3.9B | $2.6B | ||
| Q2 25 | $4.0B | $2.6B | ||
| Q1 25 | $4.1B | $2.5B | ||
| Q4 24 | $4.1B | $2.5B | ||
| Q3 24 | $4.0B | $2.5B | ||
| Q2 24 | $4.0B | $2.4B |
总资产KBHROKU
| Q1 26 | — | $4.4B | ||
| Q4 25 | $6.7B | $4.4B | ||
| Q3 25 | $7.0B | $4.4B | ||
| Q2 25 | $7.0B | $4.3B | ||
| Q1 25 | $7.0B | $4.2B | ||
| Q4 24 | $6.9B | $4.3B | ||
| Q3 24 | $6.8B | $4.3B | ||
| Q2 24 | $6.8B | $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 | $303.8M | $199.1M |
| 自由现金流经营现金流 - 资本支出 | $290.1M | $298.4M |
| 自由现金流率自由现金流/营收 | 17.1% | 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 | 2.99× | — |
| 过去12个月自由现金流最近4个季度 | $287.3M | $640.0M |
8季度趋势，按日历期对齐
经营现金流KBHROKU
| Q1 26 | — | $199.1M | ||
| Q4 25 | $303.8M | $107.7M | ||
| Q3 25 | $197.7M | $127.6M | ||
| Q2 25 | $168.4M | $109.7M | ||
| Q1 25 | $-334.3M | $138.7M | ||
| Q4 24 | $362.6M | $79.3M | ||
| Q3 24 | $-89.9M | $68.7M | ||
| Q2 24 | $61.5M | $23.4M |
自由现金流KBHROKU
| Q1 26 | — | $298.4M | ||
| Q4 25 | $290.1M | $106.6M | ||
| Q3 25 | $185.8M | $126.5M | ||
| Q2 25 | $156.9M | $108.6M | ||
| Q1 25 | $-345.5M | $136.8M | ||
| Q4 24 | $352.6M | $76.8M | ||
| Q3 24 | $-99.4M | $67.6M | ||
| Q2 24 | $51.2M | $22.5M |
自由现金流率KBHROKU
| Q1 26 | — | 23.9% | ||
| Q4 25 | 17.1% | 7.6% | ||
| Q3 25 | 11.5% | 10.4% | ||
| Q2 25 | 10.3% | 9.8% | ||
| Q1 25 | -24.8% | 13.4% | ||
| Q4 24 | 17.6% | 6.4% | ||
| Q3 24 | -5.7% | 6.4% | ||
| Q2 24 | 3.0% | 2.3% |
资本支出强度KBHROKU
| Q1 26 | — | — | ||
| Q4 25 | 0.8% | 0.1% | ||
| Q3 25 | 0.7% | 0.1% | ||
| Q2 25 | 0.8% | 0.1% | ||
| Q1 25 | 0.8% | 0.2% | ||
| Q4 24 | 0.5% | 0.2% | ||
| Q3 24 | 0.5% | 0.1% | ||
| Q2 24 | 0.6% | 0.1% |
现金转化率KBHROKU
| Q1 26 | — | — | ||
| Q4 25 | 2.99× | 1.34× | ||
| Q3 25 | 1.80× | 5.14× | ||
| Q2 25 | 1.56× | 10.45× | ||
| Q1 25 | -3.05× | — | ||
| Q4 24 | 1.90× | — | ||
| Q3 24 | -0.57× | — | ||
| Q2 24 | 0.37× | — |
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% |
ROKU
| Advertising | $612.7M | 49% |
| Subscriptions | $518.5M | 42% |
| Devices | $117.6M | 9% |
