vs
林肯电气（LECO）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林肯电气的1.3倍（$1.4B vs $1.1B），林肯电气净利率更高（12.2% vs -22.3%，领先34.5%），罗布乐思同比增速更快（43.2% vs 11.7%），罗布乐思自由现金流更多（$308.6M vs $63.0M），过去两年罗布乐思的营收复合增速更高（32.9% vs 4.8%）
林肯电气是美国跨国焊接产品制造企业，总部位于俄亥俄州欧几里得市，主营弧焊设备、焊接配件、等离子及氧燃料切割设备、焊接机器人系统等，业务覆盖160余个国家和地区，在全球设有42个生产基地，同时在19个国家布局了生产联盟及合资企业。
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。
LECO vs RBLX — 直观对比
营收规模更大
RBLX
是对方的1.3倍
$1.1B
营收增速更快
RBLX
高出31.5%
11.7%
净利率更高
LECO
高出34.5%
-22.3%
自由现金流更多
RBLX
多$245.6M
$63.0M
两年增速更快
RBLX
近两年复合增速
4.8%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $1.4B |
| 净利润 | $136.4M | $-316.0M |
| 毛利率 | 35.6% | 77.7% |
| 营业利润率 | 16.6% | -25.3% |
| 净利率 | 12.2% | -22.3% |
| 营收同比 | 11.7% | 43.2% |
| 净利润同比 | 15.1% | -43.9% |
| 每股收益（稀释后） | $2.47 | $-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LECORBLX
| Q1 26 | $1.1B | — | ||
| Q4 25 | $1.1B | $1.4B | ||
| Q3 25 | $1.1B | $1.4B | ||
| Q2 25 | $1.1B | $1.1B | ||
| Q1 25 | $1.0B | $1.0B | ||
| Q4 24 | $1.0B | $988.2M | ||
| Q3 24 | $983.8M | $919.0M | ||
| Q2 24 | $1.0B | $893.5M |
净利润LECORBLX
| Q1 26 | $136.4M | — | ||
| Q4 25 | $136.0M | $-316.0M | ||
| Q3 25 | $122.6M | $-255.6M | ||
| Q2 25 | $143.4M | $-278.4M | ||
| Q1 25 | $118.5M | $-215.1M | ||
| Q4 24 | $140.2M | $-219.6M | ||
| Q3 24 | $100.8M | $-239.3M | ||
| Q2 24 | $101.7M | $-205.9M |
毛利率LECORBLX
| Q1 26 | 35.6% | — | ||
| Q4 25 | 34.7% | 77.7% | ||
| Q3 25 | 36.7% | 78.2% | ||
| Q2 25 | 37.3% | 78.2% | ||
| Q1 25 | 36.4% | 78.3% | ||
| Q4 24 | 36.1% | 77.9% | ||
| Q3 24 | 35.8% | 77.7% | ||
| Q2 24 | 37.6% | 77.8% |
营业利润率LECORBLX
| Q1 26 | 16.6% | — | ||
| Q4 25 | 17.1% | -25.3% | ||
| Q3 25 | 16.6% | -21.8% | ||
| Q2 25 | 17.6% | -29.8% | ||
| Q1 25 | 16.4% | -24.6% | ||
| Q4 24 | 17.3% | -24.7% | ||
| Q3 24 | 14.8% | -30.4% | ||
| Q2 24 | 14.6% | -26.6% |
净利率LECORBLX
| Q1 26 | 12.2% | — | ||
| Q4 25 | 12.6% | -22.3% | ||
| Q3 25 | 11.6% | -18.8% | ||
| Q2 25 | 13.2% | -25.8% | ||
| Q1 25 | 11.8% | -20.8% | ||
| Q4 24 | 13.7% | -22.2% | ||
| Q3 24 | 10.2% | -26.0% | ||
| Q2 24 | 10.0% | -23.0% |
每股收益（稀释后）LECORBLX
| Q1 26 | $2.47 | — | ||
| Q4 25 | $2.45 | $-0.44 | ||
| Q3 25 | $2.21 | $-0.37 | ||
| Q2 25 | $2.56 | $-0.41 | ||
| Q1 25 | $2.10 | $-0.32 | ||
| Q4 24 | $2.47 | $-0.32 | ||
| Q3 24 | $1.77 | $-0.37 | ||
| Q2 24 | $1.77 | $-0.32 |
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 | $298.9M | $3.1B |
| 总债务越低越好 | $1.3B | $1.2B |
| 股东权益账面价值 | $1.5B | $394.5M |
| 总资产 | $3.9B | $9.6B |
| 负债/权益比越低杠杆越低 | 0.87× | 2.98× |
8季度趋势，按日历期对齐
现金及短期投资LECORBLX
| Q1 26 | $298.9M | — | ||
| Q4 25 | $308.8M | $3.1B | ||
| Q3 25 | $293.0M | $2.9B | ||
| Q2 25 | $299.5M | $2.6B | ||
| Q1 25 | $394.7M | $2.7B | ||
| Q4 24 | $377.3M | $2.4B | ||
| Q3 24 | $404.2M | $2.3B | ||
| Q2 24 | $272.7M | $2.4B |
总债务LECORBLX
| Q1 26 | $1.3B | — | ||
| Q4 25 | — | $1.2B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益LECORBLX
| Q1 26 | $1.5B | — | ||
| Q4 25 | $1.5B | $394.5M | ||
| Q3 25 | $1.4B | $407.6M | ||
| Q2 25 | $1.4B | $353.2M | ||
| Q1 25 | $1.3B | $310.7M | ||
| Q4 24 | $1.3B | $221.4M | ||
| Q3 24 | $1.3B | $189.9M | ||
| Q2 24 | $1.3B | $121.5M |
总资产LECORBLX
| Q1 26 | $3.9B | — | ||
| Q4 25 | $3.8B | $9.6B | ||
| Q3 25 | $3.8B | $8.6B | ||
| Q2 25 | $3.7B | $7.8B | ||
| Q1 25 | $3.6B | $7.5B | ||
| Q4 24 | $3.5B | $7.2B | ||
| Q3 24 | $3.7B | $6.7B | ||
| Q2 24 | $3.4B | $6.5B |
负债/权益比LECORBLX
| Q1 26 | 0.87× | — | ||
| Q4 25 | — | 2.98× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 5.48× | ||
| Q3 24 | — | — | ||
| Q2 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 | $102.2M | $607.0M |
| 自由现金流经营现金流 - 资本支出 | $63.0M | $308.6M |
| 自由现金流率自由现金流/营收 | 5.6% | 21.8% |
| 资本支出强度资本支出/营收 | 3.5% | 21.1% |
| 现金转化率经营现金流/净利润 | 0.75× | — |
| 过去12个月自由现金流最近4个季度 | $438.5M | $1.4B |
8季度趋势，按日历期对齐
经营现金流LECORBLX
| Q1 26 | $102.2M | — | ||
| Q4 25 | $95.0M | $607.0M | ||
| Q3 25 | $236.7M | $546.2M | ||
| Q2 25 | $143.8M | $199.3M | ||
| Q1 25 | $185.7M | $443.9M | ||
| Q4 24 | $95.8M | $184.5M | ||
| Q3 24 | $199.2M | $247.4M | ||
| Q2 24 | $170.7M | $151.4M |
自由现金流LECORBLX
| Q1 26 | $63.0M | — | ||
| Q4 25 | $52.0M | $308.6M | ||
| Q3 25 | $205.1M | $443.6M | ||
| Q2 25 | $118.4M | $176.7M | ||
| Q1 25 | $158.7M | $426.5M | ||
| Q4 24 | $64.3M | $120.6M | ||
| Q3 24 | $163.5M | $218.0M | ||
| Q2 24 | $147.5M | $111.7M |
自由现金流率LECORBLX
| Q1 26 | 5.6% | — | ||
| Q4 25 | 4.8% | 21.8% | ||
| Q3 25 | 19.3% | 32.6% | ||
| Q2 25 | 10.9% | 16.3% | ||
| Q1 25 | 15.8% | 41.2% | ||
| Q4 24 | 6.3% | 12.2% | ||
| Q3 24 | 16.6% | 23.7% | ||
| Q2 24 | 14.4% | 12.5% |
资本支出强度LECORBLX
| Q1 26 | 3.5% | — | ||
| Q4 25 | 4.0% | 21.1% | ||
| Q3 25 | 3.0% | 7.5% | ||
| Q2 25 | 2.3% | 2.1% | ||
| Q1 25 | 2.7% | 1.7% | ||
| Q4 24 | 3.1% | 6.5% | ||
| Q3 24 | 3.6% | 3.2% | ||
| Q2 24 | 2.3% | 4.4% |
现金转化率LECORBLX
| Q1 26 | 0.75× | — | ||
| Q4 25 | 0.70× | — | ||
| Q3 25 | 1.93× | — | ||
| Q2 25 | 1.00× | — | ||
| Q1 25 | 1.57× | — | ||
| Q4 24 | 0.68× | — | ||
| Q3 24 | 1.98× | — | ||
| Q2 24 | 1.68× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
