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林肯电气（LECO）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的季度营收约是林肯电气的1.3倍（$1.4B vs $1.1B），林肯电气净利率更高（12.6% vs 5.8%，领先6.8%），ROKU, INC同比增速更快（16.1% vs 5.5%），ROKU, INC自由现金流更多（$106.6M vs $52.0M），过去两年ROKU, INC的营收复合增速更高（25.8% vs 4.9%）
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。
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。
LECO vs ROKU — 直观对比
营收规模更大
ROKU
是对方的1.3倍
$1.1B
营收增速更快
ROKU
高出10.6%
5.5%
净利率更高
LECO
高出6.8%
5.8%
自由现金流更多
ROKU
多$54.5M
$52.0M
两年增速更快
ROKU
近两年复合增速
4.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $1.4B |
| 净利润 | $136.0M | $80.5M |
| 毛利率 | 34.7% | 43.5% |
| 营业利润率 | 17.1% | 4.7% |
| 净利率 | 12.6% | 5.8% |
| 营收同比 | 5.5% | 16.1% |
| 净利润同比 | -3.0% | 326.4% |
| 每股收益（稀释后） | $2.45 | $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LECOROKU
| Q4 25 | $1.1B | $1.4B | ||
| Q3 25 | $1.1B | $1.2B | ||
| Q2 25 | $1.1B | $1.1B | ||
| Q1 25 | $1.0B | $1.0B | ||
| Q4 24 | $1.0B | $1.2B | ||
| Q3 24 | $983.8M | $1.1B | ||
| Q2 24 | $1.0B | $968.2M | ||
| Q1 24 | $981.2M | $881.5M |
净利润LECOROKU
| Q4 25 | $136.0M | $80.5M | ||
| Q3 25 | $122.6M | $24.8M | ||
| Q2 25 | $143.4M | $10.5M | ||
| Q1 25 | $118.5M | $-27.4M | ||
| Q4 24 | $140.2M | $-35.5M | ||
| Q3 24 | $100.8M | $-9.0M | ||
| Q2 24 | $101.7M | $-34.0M | ||
| Q1 24 | $123.4M | $-50.9M |
毛利率LECOROKU
| Q4 25 | 34.7% | 43.5% | ||
| Q3 25 | 36.7% | 43.4% | ||
| Q2 25 | 37.3% | 44.8% | ||
| Q1 25 | 36.4% | 43.6% | ||
| Q4 24 | 36.1% | 42.7% | ||
| Q3 24 | 35.8% | 45.2% | ||
| Q2 24 | 37.6% | 43.9% | ||
| Q1 24 | 37.5% | 44.1% |
营业利润率LECOROKU
| Q4 25 | 17.1% | 4.7% | ||
| Q3 25 | 16.6% | 0.8% | ||
| Q2 25 | 17.6% | -2.1% | ||
| Q1 25 | 16.4% | -5.7% | ||
| Q4 24 | 17.3% | -3.3% | ||
| Q3 24 | 14.8% | -3.4% | ||
| Q2 24 | 14.6% | -7.4% | ||
| Q1 24 | 16.8% | -8.2% |
净利率LECOROKU
| Q4 25 | 12.6% | 5.8% | ||
| Q3 25 | 11.6% | 2.0% | ||
| Q2 25 | 13.2% | 0.9% | ||
| Q1 25 | 11.8% | -2.7% | ||
| Q4 24 | 13.7% | -3.0% | ||
| Q3 24 | 10.2% | -0.9% | ||
| Q2 24 | 10.0% | -3.5% | ||
| Q1 24 | 12.6% | -5.8% |
每股收益（稀释后）LECOROKU
| Q4 25 | $2.45 | $0.55 | ||
| Q3 25 | $2.21 | $0.16 | ||
| Q2 25 | $2.56 | $0.07 | ||
| Q1 25 | $2.10 | $-0.19 | ||
| Q4 24 | $2.47 | $-0.24 | ||
| Q3 24 | $1.77 | $-0.06 | ||
| Q2 24 | $1.77 | $-0.24 | ||
| Q1 24 | $2.14 | $-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 | $308.8M | $2.3B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.5B | $2.7B |
| 总资产 | $3.8B | $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LECOROKU
| Q4 25 | $308.8M | $2.3B | ||
| Q3 25 | $293.0M | $2.3B | ||
| Q2 25 | $299.5M | $2.3B | ||
| Q1 25 | $394.7M | $2.3B | ||
| Q4 24 | $377.3M | $2.2B | ||
| Q3 24 | $404.2M | $2.1B | ||
| Q2 24 | $272.7M | $2.1B | ||
| Q1 24 | $375.0M | $2.1B |
股东权益LECOROKU
| Q4 25 | $1.5B | $2.7B | ||
| Q3 25 | $1.4B | $2.6B | ||
| Q2 25 | $1.4B | $2.6B | ||
| Q1 25 | $1.3B | $2.5B | ||
| Q4 24 | $1.3B | $2.5B | ||
| Q3 24 | $1.3B | $2.5B | ||
| Q2 24 | $1.3B | $2.4B | ||
| Q1 24 | $1.3B | $2.4B |
总资产LECOROKU
| Q4 25 | $3.8B | $4.4B | ||
| Q3 25 | $3.8B | $4.4B | ||
| Q2 25 | $3.7B | $4.3B | ||
| Q1 25 | $3.6B | $4.2B | ||
| Q4 24 | $3.5B | $4.3B | ||
| Q3 24 | $3.7B | $4.3B | ||
| Q2 24 | $3.4B | $4.1B | ||
| Q1 24 | $3.4B | $4.2B |
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 | $95.0M | $107.7M |
| 自由现金流经营现金流 - 资本支出 | $52.0M | $106.6M |
| 自由现金流率自由现金流/营收 | 4.8% | 7.6% |
| 资本支出强度资本支出/营收 | 4.0% | 0.1% |
| 现金转化率经营现金流/净利润 | 0.70× | 1.34× |
| 过去12个月自由现金流最近4个季度 | $534.2M | $478.4M |
8季度趋势，按日历期对齐
经营现金流LECOROKU
| Q4 25 | $95.0M | $107.7M | ||
| Q3 25 | $236.7M | $127.6M | ||
| Q2 25 | $143.8M | $109.7M | ||
| Q1 25 | $185.7M | $138.7M | ||
| Q4 24 | $95.8M | $79.3M | ||
| Q3 24 | $199.2M | $68.7M | ||
| Q2 24 | $170.7M | $23.4M | ||
| Q1 24 | $133.3M | $46.7M |
自由现金流LECOROKU
| Q4 25 | $52.0M | $106.6M | ||
| Q3 25 | $205.1M | $126.5M | ||
| Q2 25 | $118.4M | $108.6M | ||
| Q1 25 | $158.7M | $136.8M | ||
| Q4 24 | $64.3M | $76.8M | ||
| Q3 24 | $163.5M | $67.6M | ||
| Q2 24 | $147.5M | $22.5M | ||
| Q1 24 | $107.0M | $46.0M |
自由现金流率LECOROKU
| Q4 25 | 4.8% | 7.6% | ||
| Q3 25 | 19.3% | 10.4% | ||
| Q2 25 | 10.9% | 9.8% | ||
| Q1 25 | 15.8% | 13.4% | ||
| Q4 24 | 6.3% | 6.4% | ||
| Q3 24 | 16.6% | 6.4% | ||
| Q2 24 | 14.4% | 2.3% | ||
| Q1 24 | 10.9% | 5.2% |
资本支出强度LECOROKU
| Q4 25 | 4.0% | 0.1% | ||
| Q3 25 | 3.0% | 0.1% | ||
| Q2 25 | 2.3% | 0.1% | ||
| Q1 25 | 2.7% | 0.2% | ||
| Q4 24 | 3.1% | 0.2% | ||
| Q3 24 | 3.6% | 0.1% | ||
| Q2 24 | 2.3% | 0.1% | ||
| Q1 24 | 2.7% | 0.1% |
现金转化率LECOROKU
| Q4 25 | 0.70× | 1.34× | ||
| Q3 25 | 1.93× | 5.14× | ||
| Q2 25 | 1.00× | 10.45× | ||
| Q1 25 | 1.57× | — | ||
| Q4 24 | 0.68× | — | ||
| Q3 24 | 1.98× | — | ||
| Q2 24 | 1.68× | — | ||
| Q1 24 | 1.08× | — |
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
LECO
| Americas Welding | $681.9M | 63% |
| International Welding | $259.4M | 24% |
| Harris Products Group | $137.4M | 13% |
ROKU
| Services | $1.2B | 88% |
| Products | $170.9M | 12% |
