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Liberty Global Ltd.（LBTYA）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Liberty Global Ltd.的1.1倍（$1.4B vs $1.2B）。ROKU, INC净利率更高（5.8% vs -237.0%，领先242.7%）。Liberty Global Ltd.同比增速更快（187.2% vs 16.1%）。Liberty Global Ltd.自由现金流更多（$193.3M vs $106.6M）。过去两年ROKU, INC的营收复合增速更高（25.8% 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。
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。
LBTYA vs ROKU — 直观对比
营收规模更大
ROKU
是对方的1.1倍
$1.2B
营收增速更快
LBTYA
高出171.0%
16.1%
净利率更高
ROKU
高出242.7%
-237.0%
自由现金流更多
LBTYA
多$86.7M
$106.6M
两年增速更快
ROKU
近两年复合增速
-20.4%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $1.4B |
| 净利润 | $-2.9B | $80.5M |
| 毛利率 | 66.8% | 43.5% |
| 营业利润率 | -8.6% | 4.7% |
| 净利率 | -237.0% | 5.8% |
| 营收同比 | 187.2% | 16.1% |
| 净利润同比 | -230.0% | 326.4% |
| 每股收益（稀释后） | $-8.66 | $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LBTYAROKU
| Q4 25 | $1.2B | $1.4B | ||
| Q3 25 | $1.2B | $1.2B | ||
| Q2 25 | $1.3B | $1.1B | ||
| Q1 25 | $1.2B | $1.0B | ||
| Q4 24 | $-1.4B | $1.2B | ||
| Q3 24 | $1.9B | $1.1B | ||
| Q2 24 | $1.9B | $968.2M | ||
| Q1 24 | $1.9B | $881.5M |
净利润LBTYAROKU
| Q4 25 | $-2.9B | $80.5M | ||
| Q3 25 | $-90.7M | $24.8M | ||
| Q2 25 | $-2.8B | $10.5M | ||
| Q1 25 | $-1.3B | $-27.4M | ||
| Q4 24 | $2.2B | $-35.5M | ||
| Q3 24 | $-1.4B | $-9.0M | ||
| Q2 24 | $268.1M | $-34.0M | ||
| Q1 24 | $510.0M | $-50.9M |
毛利率LBTYAROKU
| Q4 25 | 66.8% | 43.5% | ||
| Q3 25 | 67.5% | 43.4% | ||
| Q2 25 | 63.3% | 44.8% | ||
| Q1 25 | 65.6% | 43.6% | ||
| Q4 24 | — | 42.7% | ||
| Q3 24 | 69.4% | 45.2% | ||
| Q2 24 | 68.5% | 43.9% | ||
| Q1 24 | 65.4% | 44.1% |
营业利润率LBTYAROKU
| Q4 25 | -8.6% | 4.7% | ||
| Q3 25 | -0.7% | 0.8% | ||
| Q2 25 | 2.3% | -2.1% | ||
| Q1 25 | 5.2% | -5.7% | ||
| Q4 24 | — | -3.3% | ||
| Q3 24 | 5.2% | -3.4% | ||
| Q2 24 | 1.0% | -7.4% | ||
| Q1 24 | 1.2% | -8.2% |
净利率LBTYAROKU
| Q4 25 | -237.0% | 5.8% | ||
| Q3 25 | -7.5% | 2.0% | ||
| Q2 25 | -220.1% | 0.9% | ||
| Q1 25 | -114.2% | -2.7% | ||
| Q4 24 | -158.9% | -3.0% | ||
| Q3 24 | -74.1% | -0.9% | ||
| Q2 24 | 14.3% | -3.5% | ||
| Q1 24 | 26.2% | -5.8% |
每股收益（稀释后）LBTYAROKU
| Q4 25 | $-8.66 | $0.55 | ||
| Q3 25 | $-0.27 | $0.16 | ||
| Q2 25 | $-8.09 | $0.07 | ||
| Q1 25 | $-3.84 | $-0.19 | ||
| Q4 24 | $6.15 | $-0.24 | ||
| Q3 24 | $-3.95 | $-0.06 | ||
| Q2 24 | $0.71 | $-0.24 | ||
| Q1 24 | $1.32 | $-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 | $2.2B | $2.3B |
| 总债务越低越好 | $7.8B | — |
| 股东权益账面价值 | $9.7B | $2.7B |
| 总资产 | $22.6B | $4.4B |
| 负债/权益比越低杠杆越低 | 0.80× | — |
8季度趋势，按日历期对齐
现金及短期投资LBTYAROKU
| Q4 25 | $2.2B | $2.3B | ||
| Q3 25 | $1.7B | $2.3B | ||
| Q2 25 | $3.1B | $2.3B | ||
| Q1 25 | $2.0B | $2.3B | ||
| Q4 24 | $2.2B | $2.2B | ||
| Q3 24 | $3.3B | $2.1B | ||
| Q2 24 | $3.2B | $2.1B | ||
| Q1 24 | $2.8B | $2.1B |
总债务LBTYAROKU
| Q4 25 | $7.8B | — | ||
| Q3 25 | $7.8B | — | ||
| Q2 25 | $7.8B | — | ||
| Q1 25 | $8.2B | — | ||
| Q4 24 | $8.2B | — | ||
| Q3 24 | $14.9B | — | ||
| Q2 24 | $14.7B | — | ||
| Q1 24 | $14.8B | — |
股东权益LBTYAROKU
| Q4 25 | $9.7B | $2.7B | ||
| Q3 25 | $12.7B | $2.6B | ||
| Q2 25 | $13.0B | $2.6B | ||
| Q1 25 | $12.6B | $2.5B | ||
| Q4 24 | $12.4B | $2.5B | ||
| Q3 24 | $18.7B | $2.5B | ||
| Q2 24 | $18.3B | $2.4B | ||
| Q1 24 | $18.4B | $2.4B |
总资产LBTYAROKU
| Q4 25 | $22.6B | $4.4B | ||
| Q3 25 | $25.4B | $4.4B | ||
| Q2 25 | $27.2B | $4.3B | ||
| Q1 25 | $26.0B | $4.2B | ||
| Q4 24 | $25.4B | $4.3B | ||
| Q3 24 | $41.8B | $4.3B | ||
| Q2 24 | $40.8B | $4.1B | ||
| Q1 24 | $40.6B | $4.2B |
负债/权益比LBTYAROKU
| Q4 25 | 0.80× | — | ||
| Q3 25 | 0.61× | — | ||
| Q2 25 | 0.60× | — | ||
| Q1 25 | 0.65× | — | ||
| Q4 24 | 0.66× | — | ||
| 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 | $107.7M |
| 自由现金流经营现金流 - 资本支出 | $193.3M | $106.6M |
| 自由现金流率自由现金流/营收 | 15.7% | 7.6% |
| 资本支出强度资本支出/营收 | 35.5% | 0.1% |
| 现金转化率经营现金流/净利润 | — | 1.34× |
| 过去12个月自由现金流最近4个季度 | $-132.0M | $478.4M |
8季度趋势，按日历期对齐
经营现金流LBTYAROKU
| Q4 25 | $630.9M | $107.7M | ||
| Q3 25 | $301.8M | $127.6M | ||
| Q2 25 | $149.2M | $109.7M | ||
| Q1 25 | $129.2M | $138.7M | ||
| Q4 24 | $791.6M | $79.3M | ||
| Q3 24 | $449.5M | $68.7M | ||
| Q2 24 | $546.1M | $23.4M | ||
| Q1 24 | $245.7M | $46.7M |
自由现金流LBTYAROKU
| Q4 25 | $193.3M | $106.6M | ||
| Q3 25 | $-41.1M | $126.5M | ||
| Q2 25 | $-170.1M | $108.6M | ||
| Q1 25 | $-114.1M | $136.8M | ||
| Q4 24 | $712.9M | $76.8M | ||
| Q3 24 | $102.4M | $67.6M | ||
| Q2 24 | $256.8M | $22.5M | ||
| Q1 24 | $-105.1M | $46.0M |
自由现金流率LBTYAROKU
| Q4 25 | 15.7% | 7.6% | ||
| Q3 25 | -3.4% | 10.4% | ||
| Q2 25 | -13.4% | 9.8% | ||
| Q1 25 | -9.7% | 13.4% | ||
| Q4 24 | -50.5% | 6.4% | ||
| Q3 24 | 5.3% | 6.4% | ||
| Q2 24 | 13.7% | 2.3% | ||
| Q1 24 | -5.4% | 5.2% |
资本支出强度LBTYAROKU
| Q4 25 | 35.5% | 0.1% | ||
| Q3 25 | 28.4% | 0.1% | ||
| Q2 25 | 25.2% | 0.1% | ||
| Q1 25 | 20.8% | 0.2% | ||
| Q4 24 | -5.6% | 0.2% | ||
| Q3 24 | 17.9% | 0.1% | ||
| Q2 24 | 15.4% | 0.1% | ||
| Q1 24 | 18.0% | 0.1% |
现金转化率LBTYAROKU
| Q4 25 | — | 1.34× | ||
| Q3 25 | — | 5.14× | ||
| Q2 25 | — | 10.45× | ||
| 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
业务分部营收拆解
LBTYA
| Total Residential Fixed Revenue | $450.7M | 37% |
| JV Reportable Segments | $161.0M | 13% |
| Video | $148.8M | 12% |
| Ireland | $134.0M | 11% |
| Mobile Subscription | $128.6M | 10% |
| Related Party | $93.9M | 8% |
| Reportable Segment | $48.3M | 4% |
| Fixed Line Telephony | $46.6M | 4% |
| Non Subscription Revenue | $9.6M | 1% |
ROKU
| Services | $1.2B | 88% |
| Products | $170.9M | 12% |
