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Liberty Global Ltd.（LBTYA）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
罗布乐思的季度营收约是Liberty Global Ltd.的1.1倍（$1.4B vs $1.2B），罗布乐思净利率更高（-22.3% vs -237.0%，领先214.6%），Liberty Global Ltd.同比增速更快（187.2% vs 43.2%），罗布乐思自由现金流更多（$308.6M vs $193.3M），过去两年罗布乐思的营收复合增速更高（32.9% vs -20.4%）
自由全球有限公司是一家英荷美合资的跨国电信企业，注册地位于百慕大，在伦敦、阿姆斯特丹和丹佛均设有总部。公司旗下拥有英国自由全球控股有限公司、荷兰自由全球有限公司及美国自由全球公司三大主体，其中英国主体为上市实体。企业由自由媒体国际业务部与UnitedGlobalCom于2005年合并成立，在全球电信服务领域拥有深厚的行业积累。
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。
LBTYA vs RBLX — 直观对比
营收规模更大
RBLX
是对方的1.1倍
$1.2B
营收增速更快
LBTYA
高出144.0%
43.2%
净利率更高
RBLX
高出214.6%
-237.0%
自由现金流更多
RBLX
多$115.3M
$193.3M
两年增速更快
RBLX
近两年复合增速
-20.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $1.4B |
| 净利润 | $-2.9B | $-316.0M |
| 毛利率 | 66.8% | 77.7% |
| 营业利润率 | -8.6% | -25.3% |
| 净利率 | -237.0% | -22.3% |
| 营收同比 | 187.2% | 43.2% |
| 净利润同比 | -230.0% | -43.9% |
| 每股收益（稀释后） | $-8.66 | $-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LBTYARBLX
| Q4 25 | $1.2B | $1.4B | ||
| Q3 25 | $1.2B | $1.4B | ||
| Q2 25 | $1.3B | $1.1B | ||
| Q1 25 | $1.2B | $1.0B | ||
| Q4 24 | $-1.4B | $988.2M | ||
| Q3 24 | $1.9B | $919.0M | ||
| Q2 24 | $1.9B | $893.5M | ||
| Q1 24 | $1.9B | $801.3M |
净利润LBTYARBLX
| Q4 25 | $-2.9B | $-316.0M | ||
| Q3 25 | $-90.7M | $-255.6M | ||
| Q2 25 | $-2.8B | $-278.4M | ||
| Q1 25 | $-1.3B | $-215.1M | ||
| Q4 24 | $2.2B | $-219.6M | ||
| Q3 24 | $-1.4B | $-239.3M | ||
| Q2 24 | $268.1M | $-205.9M | ||
| Q1 24 | $510.0M | $-270.6M |
毛利率LBTYARBLX
| Q4 25 | 66.8% | 77.7% | ||
| Q3 25 | 67.5% | 78.2% | ||
| Q2 25 | 63.3% | 78.2% | ||
| Q1 25 | 65.6% | 78.3% | ||
| Q4 24 | — | 77.9% | ||
| Q3 24 | 69.4% | 77.7% | ||
| Q2 24 | 68.5% | 77.8% | ||
| Q1 24 | 65.4% | 77.7% |
营业利润率LBTYARBLX
| Q4 25 | -8.6% | -25.3% | ||
| Q3 25 | -0.7% | -21.8% | ||
| Q2 25 | 2.3% | -29.8% | ||
| Q1 25 | 5.2% | -24.6% | ||
| Q4 24 | — | -24.7% | ||
| Q3 24 | 5.2% | -30.4% | ||
| Q2 24 | 1.0% | -26.6% | ||
| Q1 24 | 1.2% | -37.7% |
净利率LBTYARBLX
| Q4 25 | -237.0% | -22.3% | ||
| Q3 25 | -7.5% | -18.8% | ||
| Q2 25 | -220.1% | -25.8% | ||
| Q1 25 | -114.2% | -20.8% | ||
| Q4 24 | -158.9% | -22.2% | ||
| Q3 24 | -74.1% | -26.0% | ||
| Q2 24 | 14.3% | -23.0% | ||
| Q1 24 | 26.2% | -33.8% |
每股收益（稀释后）LBTYARBLX
| Q4 25 | $-8.66 | $-0.44 | ||
| Q3 25 | $-0.27 | $-0.37 | ||
| Q2 25 | $-8.09 | $-0.41 | ||
| Q1 25 | $-3.84 | $-0.32 | ||
| Q4 24 | $6.15 | $-0.32 | ||
| Q3 24 | $-3.95 | $-0.37 | ||
| Q2 24 | $0.71 | $-0.32 | ||
| Q1 24 | $1.32 | $-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 | $2.2B | $3.1B |
| 总债务越低越好 | $7.8B | $1.2B |
| 股东权益账面价值 | $9.7B | $394.5M |
| 总资产 | $22.6B | $9.6B |
| 负债/权益比越低杠杆越低 | 0.80× | 2.98× |
8季度趋势，按日历期对齐
现金及短期投资LBTYARBLX
| Q4 25 | $2.2B | $3.1B | ||
| Q3 25 | $1.7B | $2.9B | ||
| Q2 25 | $3.1B | $2.6B | ||
| Q1 25 | $2.0B | $2.7B | ||
| Q4 24 | $2.2B | $2.4B | ||
| Q3 24 | $3.3B | $2.3B | ||
| Q2 24 | $3.2B | $2.4B | ||
| Q1 24 | $2.8B | $2.4B |
总债务LBTYARBLX
| Q4 25 | $7.8B | $1.2B | ||
| Q3 25 | $7.8B | — | ||
| Q2 25 | $7.8B | — | ||
| Q1 25 | $8.2B | — | ||
| Q4 24 | $8.2B | $1.2B | ||
| Q3 24 | $14.9B | — | ||
| Q2 24 | $14.7B | — | ||
| Q1 24 | $14.8B | — |
股东权益LBTYARBLX
| Q4 25 | $9.7B | $394.5M | ||
| Q3 25 | $12.7B | $407.6M | ||
| Q2 25 | $13.0B | $353.2M | ||
| Q1 25 | $12.6B | $310.7M | ||
| Q4 24 | $12.4B | $221.4M | ||
| Q3 24 | $18.7B | $189.9M | ||
| Q2 24 | $18.3B | $121.5M | ||
| Q1 24 | $18.4B | $71.6M |
总资产LBTYARBLX
| Q4 25 | $22.6B | $9.6B | ||
| Q3 25 | $25.4B | $8.6B | ||
| Q2 25 | $27.2B | $7.8B | ||
| Q1 25 | $26.0B | $7.5B | ||
| Q4 24 | $25.4B | $7.2B | ||
| Q3 24 | $41.8B | $6.7B | ||
| Q2 24 | $40.8B | $6.5B | ||
| Q1 24 | $40.6B | $6.3B |
负债/权益比LBTYARBLX
| Q4 25 | 0.80× | 2.98× | ||
| Q3 25 | 0.61× | — | ||
| Q2 25 | 0.60× | — | ||
| Q1 25 | 0.65× | — | ||
| Q4 24 | 0.66× | 5.48× | ||
| Q3 24 | 0.80× | — | ||
| Q2 24 | 0.80× | — | ||
| Q1 24 | 0.80× | — |
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 | $630.9M | $607.0M |
| 自由现金流经营现金流 - 资本支出 | $193.3M | $308.6M |
| 自由现金流率自由现金流/营收 | 15.7% | 21.8% |
| 资本支出强度资本支出/营收 | 35.5% | 21.1% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $-132.0M | $1.4B |
8季度趋势，按日历期对齐
经营现金流LBTYARBLX
| Q4 25 | $630.9M | $607.0M | ||
| Q3 25 | $301.8M | $546.2M | ||
| Q2 25 | $149.2M | $199.3M | ||
| Q1 25 | $129.2M | $443.9M | ||
| Q4 24 | $791.6M | $184.5M | ||
| Q3 24 | $449.5M | $247.4M | ||
| Q2 24 | $546.1M | $151.4M | ||
| Q1 24 | $245.7M | $238.9M |
自由现金流LBTYARBLX
| Q4 25 | $193.3M | $308.6M | ||
| Q3 25 | $-41.1M | $443.6M | ||
| Q2 25 | $-170.1M | $176.7M | ||
| Q1 25 | $-114.1M | $426.5M | ||
| Q4 24 | $712.9M | $120.6M | ||
| Q3 24 | $102.4M | $218.0M | ||
| Q2 24 | $256.8M | $111.7M | ||
| Q1 24 | $-105.1M | $192.3M |
自由现金流率LBTYARBLX
| Q4 25 | 15.7% | 21.8% | ||
| Q3 25 | -3.4% | 32.6% | ||
| Q2 25 | -13.4% | 16.3% | ||
| Q1 25 | -9.7% | 41.2% | ||
| Q4 24 | -50.5% | 12.2% | ||
| Q3 24 | 5.3% | 23.7% | ||
| Q2 24 | 13.7% | 12.5% | ||
| Q1 24 | -5.4% | 24.0% |
资本支出强度LBTYARBLX
| Q4 25 | 35.5% | 21.1% | ||
| Q3 25 | 28.4% | 7.5% | ||
| Q2 25 | 25.2% | 2.1% | ||
| Q1 25 | 20.8% | 1.7% | ||
| Q4 24 | -5.6% | 6.5% | ||
| Q3 24 | 17.9% | 3.2% | ||
| Q2 24 | 15.4% | 4.4% | ||
| Q1 24 | 18.0% | 5.8% |
现金转化率LBTYARBLX
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.35× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 2.04× | — | ||
| Q1 24 | 0.48× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
