vs
拉扎德（LAZ）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的季度营收约是拉扎德的1.5倍（$1.4B vs $929.4M），ROKU, INC净利率更高（5.8% vs 5.4%，领先0.4%），ROKU, INC同比增速更快（16.1% vs 10.8%），拉扎德自由现金流更多（$396.1M vs $106.6M），过去两年ROKU, INC的营收复合增速更高（25.8% vs 8.8%）
拉扎德公司是一家美国金融咨询与资产管理机构，业务覆盖投资银行、资产管理及其他金融服务，核心客户以机构客户为主。作为全球规模最大的独立投资银行，其主要行政办公室分布于纽约、巴黎及伦敦三地。
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。
LAZ vs ROKU — 直观对比
营收规模更大
ROKU
是对方的1.5倍
$929.4M
营收增速更快
ROKU
高出5.4%
10.8%
净利率更高
ROKU
高出0.4%
5.4%
自由现金流更多
LAZ
多$289.6M
$106.6M
两年增速更快
ROKU
近两年复合增速
8.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $929.4M | $1.4B |
| 净利润 | $49.9M | $80.5M |
| 毛利率 | — | 43.5% |
| 营业利润率 | 9.1% | 4.7% |
| 净利率 | 5.4% | 5.8% |
| 营收同比 | 10.8% | 16.1% |
| 净利润同比 | -42.2% | 326.4% |
| 每股收益（稀释后） | $0.44 | $0.55 |
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LAZROKU
| Q4 25 | $929.4M | $1.4B | ||
| Q3 25 | $770.8M | $1.2B | ||
| Q2 25 | $817.2M | $1.1B | ||
| Q1 25 | $669.2M | $1.0B | ||
| Q4 24 | $839.0M | $1.2B | ||
| Q3 24 | $807.4M | $1.1B | ||
| Q2 24 | $708.0M | $968.2M | ||
| Q1 24 | $785.5M | $881.5M |
净利润LAZROKU
| Q4 25 | $49.9M | $80.5M | ||
| Q3 25 | $71.2M | $24.8M | ||
| Q2 25 | $55.3M | $10.5M | ||
| Q1 25 | $60.4M | $-27.4M | ||
| Q4 24 | $86.3M | $-35.5M | ||
| Q3 24 | $107.9M | $-9.0M | ||
| Q2 24 | $49.9M | $-34.0M | ||
| Q1 24 | $35.8M | $-50.9M |
毛利率LAZROKU
| 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% | ||
| Q1 24 | — | 44.1% |
营业利润率LAZROKU
| Q4 25 | 9.1% | 4.7% | ||
| Q3 25 | 12.3% | 0.8% | ||
| Q2 25 | 11.4% | -2.1% | ||
| Q1 25 | 8.2% | -5.7% | ||
| Q4 24 | 12.8% | -3.3% | ||
| Q3 24 | 20.0% | -3.4% | ||
| Q2 24 | 9.0% | -7.4% | ||
| Q1 24 | 6.9% | -8.2% |
净利率LAZROKU
| Q4 25 | 5.4% | 5.8% | ||
| Q3 25 | 9.2% | 2.0% | ||
| Q2 25 | 6.8% | 0.9% | ||
| Q1 25 | 9.0% | -2.7% | ||
| Q4 24 | 10.3% | -3.0% | ||
| Q3 24 | 13.4% | -0.9% | ||
| Q2 24 | 7.0% | -3.5% | ||
| Q1 24 | 4.6% | -5.8% |
每股收益（稀释后）LAZROKU
| Q4 25 | $0.44 | $0.55 | ||
| Q3 25 | $0.65 | $0.16 | ||
| Q2 25 | $0.52 | $0.07 | ||
| Q1 25 | $0.56 | $-0.19 | ||
| Q4 24 | $0.82 | $-0.24 | ||
| Q3 24 | $1.02 | $-0.06 | ||
| Q2 24 | $0.49 | $-0.24 | ||
| Q1 24 | $0.35 | $-0.35 |
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 | $1.5B | $2.3B |
| 总债务越低越好 | $1.7B | — |
| 股东权益账面价值 | $873.7M | $2.7B |
| 总资产 | $4.9B | $4.4B |
| 负债/权益比越低杠杆越低 | 1.93× | — |
8季度趋势，按日历期对齐
现金及短期投资LAZROKU
| Q4 25 | $1.5B | $2.3B | ||
| Q3 25 | $1.2B | $2.3B | ||
| Q2 25 | $978.3M | $2.3B | ||
| Q1 25 | $908.6M | $2.3B | ||
| Q4 24 | $1.3B | $2.2B | ||
| Q3 24 | $1.2B | $2.1B | ||
| Q2 24 | $847.6M | $2.1B | ||
| Q1 24 | $923.2M | $2.1B |
总债务LAZROKU
| Q4 25 | $1.7B | — | ||
| Q3 25 | $1.7B | — | ||
| Q2 25 | $1.7B | — | ||
| Q1 25 | $1.7B | — | ||
| Q4 24 | $1.7B | — | ||
| Q3 24 | $1.9B | — | ||
| Q2 24 | $1.9B | — | ||
| Q1 24 | $1.9B | — |
股东权益LAZROKU
| Q4 25 | $873.7M | $2.7B | ||
| Q3 25 | $841.5M | $2.6B | ||
| Q2 25 | $741.6M | $2.6B | ||
| Q1 25 | $603.0M | $2.5B | ||
| Q4 24 | $636.2M | $2.5B | ||
| Q3 24 | $624.3M | $2.5B | ||
| Q2 24 | $458.7M | $2.4B | ||
| Q1 24 | $392.7M | $2.4B |
总资产LAZROKU
| Q4 25 | $4.9B | $4.4B | ||
| Q3 25 | $4.6B | $4.4B | ||
| Q2 25 | $4.5B | $4.3B | ||
| Q1 25 | $4.2B | $4.2B | ||
| Q4 24 | $4.8B | $4.3B | ||
| Q3 24 | $4.8B | $4.3B | ||
| Q2 24 | $4.5B | $4.1B | ||
| Q1 24 | $4.6B | $4.2B |
负债/权益比LAZROKU
| Q4 25 | 1.93× | — | ||
| Q3 25 | 2.01× | — | ||
| Q2 25 | 2.28× | — | ||
| Q1 25 | 2.80× | — | ||
| Q4 24 | 2.65× | — | ||
| Q3 24 | 2.97× | — | ||
| Q2 24 | 4.04× | — | ||
| Q1 24 | 4.71× | — |
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 | $399.7M | $107.7M |
| 自由现金流经营现金流 - 资本支出 | $396.1M | $106.6M |
| 自由现金流率自由现金流/营收 | 42.6% | 7.6% |
| 资本支出强度资本支出/营收 | 0.4% | 0.1% |
| 现金转化率经营现金流/净利润 | 8.02× | 1.34× |
| 过去12个月自由现金流最近4个季度 | $487.4M | $478.4M |
8季度趋势，按日历期对齐
经营现金流LAZROKU
| Q4 25 | $399.7M | $107.7M | ||
| Q3 25 | $287.5M | $127.6M | ||
| Q2 25 | $49.7M | $109.7M | ||
| Q1 25 | $-217.5M | $138.7M | ||
| Q4 24 | $362.9M | $79.3M | ||
| Q3 24 | $293.7M | $68.7M | ||
| Q2 24 | $176.2M | $23.4M | ||
| Q1 24 | $-90.0M | $46.7M |
自由现金流LAZROKU
| Q4 25 | $396.1M | $106.6M | ||
| Q3 25 | $284.6M | $126.5M | ||
| Q2 25 | $38.0M | $108.6M | ||
| Q1 25 | $-231.3M | $136.8M | ||
| Q4 24 | $348.0M | $76.8M | ||
| Q3 24 | $276.2M | $67.6M | ||
| Q2 24 | $169.8M | $22.5M | ||
| Q1 24 | $-96.6M | $46.0M |
自由现金流率LAZROKU
| Q4 25 | 42.6% | 7.6% | ||
| Q3 25 | 36.9% | 10.4% | ||
| Q2 25 | 4.6% | 9.8% | ||
| Q1 25 | -34.6% | 13.4% | ||
| Q4 24 | 41.5% | 6.4% | ||
| Q3 24 | 34.2% | 6.4% | ||
| Q2 24 | 24.0% | 2.3% | ||
| Q1 24 | -12.3% | 5.2% |
资本支出强度LAZROKU
| Q4 25 | 0.4% | 0.1% | ||
| Q3 25 | 0.4% | 0.1% | ||
| Q2 25 | 1.4% | 0.1% | ||
| Q1 25 | 2.1% | 0.2% | ||
| Q4 24 | 1.8% | 0.2% | ||
| Q3 24 | 2.2% | 0.1% | ||
| Q2 24 | 0.9% | 0.1% | ||
| Q1 24 | 0.8% | 0.1% |
现金转化率LAZROKU
| Q4 25 | 8.02× | 1.34× | ||
| Q3 25 | 4.03× | 5.14× | ||
| Q2 25 | 0.90× | 10.45× | ||
| Q1 25 | -3.60× | — | ||
| Q4 24 | 4.20× | — | ||
| Q3 24 | 2.72× | — | ||
| Q2 24 | 3.53× | — | ||
| Q1 24 | -2.52× | — |
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
LAZ
| Financial Advisory Segment | $542.3M | 58% |
| Asset Management1 | $347.8M | 37% |
| Incentive Fees | $40.9M | 4% |
ROKU
| Services | $1.2B | 88% |
| Products | $170.9M | 12% |
