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李维斯（LEVI）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
李维斯的季度营收约是罗布乐思的1.2倍（$1.8B vs $1.4B），李维斯净利率更高（8.9% vs -22.3%，领先31.3%），罗布乐思同比增速更快（43.2% vs -4.0%），罗布乐思自由现金流更多（$308.6M vs $215.7M），过去两年罗布乐思的营收复合增速更高（32.9% vs 6.5%）
李维斯（Levi Strauss & Co.）是全球知名的美国服饰企业，凭借旗下Levi's品牌丹宁牛仔裤享誉全球。公司创立于1853年5月，由德裔犹太移民李维·斯特劳斯在旧金山成立，注册地为特拉华州，总部设在旧金山李维斯广场。
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。
LEVI vs RBLX — 直观对比
营收规模更大
LEVI
是对方的1.2倍
$1.4B
营收增速更快
RBLX
高出47.2%
-4.0%
净利率更高
LEVI
高出31.3%
-22.3%
自由现金流更多
RBLX
多$92.9M
$215.7M
两年增速更快
RBLX
近两年复合增速
6.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.8B | $1.4B |
| 净利润 | $158.0M | $-316.0M |
| 毛利率 | 60.8% | 77.7% |
| 营业利润率 | 11.9% | -25.3% |
| 净利率 | 8.9% | -22.3% |
| 营收同比 | -4.0% | 43.2% |
| 净利润同比 | -13.4% | -43.9% |
| 每股收益（稀释后） | $0.39 | $-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LEVIRBLX
| Q4 25 | $1.8B | $1.4B | ||
| Q3 25 | $1.5B | $1.4B | ||
| Q2 25 | $1.4B | $1.1B | ||
| Q1 25 | $1.5B | $1.0B | ||
| Q4 24 | $1.8B | $988.2M | ||
| Q3 24 | $1.5B | $919.0M | ||
| Q2 24 | $1.4B | $893.5M | ||
| Q1 24 | $1.6B | $801.3M |
净利润LEVIRBLX
| Q4 25 | $158.0M | $-316.0M | ||
| Q3 25 | $218.1M | $-255.6M | ||
| Q2 25 | $67.0M | $-278.4M | ||
| Q1 25 | $135.0M | $-215.1M | ||
| Q4 24 | $182.5M | $-219.6M | ||
| Q3 24 | $20.7M | $-239.3M | ||
| Q2 24 | $18.0M | $-205.9M | ||
| Q1 24 | $-10.6M | $-270.6M |
毛利率LEVIRBLX
| Q4 25 | 60.8% | 77.7% | ||
| Q3 25 | 61.7% | 78.2% | ||
| Q2 25 | 62.6% | 78.2% | ||
| Q1 25 | 62.1% | 78.3% | ||
| Q4 24 | 61.3% | 77.9% | ||
| Q3 24 | 60.0% | 77.7% | ||
| Q2 24 | 60.5% | 77.8% | ||
| Q1 24 | 58.2% | 77.7% |
营业利润率LEVIRBLX
| Q4 25 | 11.9% | -25.3% | ||
| Q3 25 | 10.8% | -21.8% | ||
| Q2 25 | 7.5% | -29.8% | ||
| Q1 25 | 12.5% | -24.6% | ||
| Q4 24 | 11.5% | -24.7% | ||
| Q3 24 | 2.0% | -30.4% | ||
| Q2 24 | 1.5% | -26.6% | ||
| Q1 24 | -0.0% | -37.7% |
净利率LEVIRBLX
| Q4 25 | 8.9% | -22.3% | ||
| Q3 25 | 14.1% | -18.8% | ||
| Q2 25 | 4.6% | -25.8% | ||
| Q1 25 | 8.8% | -20.8% | ||
| Q4 24 | 9.9% | -22.2% | ||
| Q3 24 | 1.4% | -26.0% | ||
| Q2 24 | 1.2% | -23.0% | ||
| Q1 24 | -0.7% | -33.8% |
每股收益（稀释后）LEVIRBLX
| Q4 25 | $0.39 | $-0.44 | ||
| Q3 25 | $0.55 | $-0.37 | ||
| Q2 25 | $0.17 | $-0.41 | ||
| Q1 25 | $0.34 | $-0.32 | ||
| Q4 24 | $0.46 | $-0.32 | ||
| Q3 24 | $0.05 | $-0.37 | ||
| Q2 24 | $0.04 | $-0.32 | ||
| Q1 24 | $-0.03 | $-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 | $848.8M | $3.1B |
| 总债务越低越好 | $1.1B | $1.2B |
| 股东权益账面价值 | $2.3B | $394.5M |
| 总资产 | $6.8B | $9.6B |
| 负债/权益比越低杠杆越低 | 0.46× | 2.98× |
8季度趋势，按日历期对齐
现金及短期投资LEVIRBLX
| Q4 25 | $848.8M | $3.1B | ||
| Q3 25 | $707.5M | $2.9B | ||
| Q2 25 | $736.7M | $2.6B | ||
| Q1 25 | $574.4M | $2.7B | ||
| Q4 24 | $690.0M | $2.4B | ||
| Q3 24 | $577.1M | $2.3B | ||
| Q2 24 | $641.4M | $2.4B | ||
| Q1 24 | $516.7M | $2.4B |
总债务LEVIRBLX
| Q4 25 | $1.1B | $1.2B | ||
| Q3 25 | $1.0B | — | ||
| Q2 25 | $1.0B | — | ||
| Q1 25 | $987.4M | — | ||
| Q4 24 | $994.0M | $1.2B | ||
| Q3 24 | $1.0B | — | ||
| Q2 24 | $1.0B | — | ||
| Q1 24 | $1.0B | — |
股东权益LEVIRBLX
| Q4 25 | $2.3B | $394.5M | ||
| Q3 25 | $2.2B | $407.6M | ||
| Q2 25 | $2.1B | $353.2M | ||
| Q1 25 | $2.0B | $310.7M | ||
| Q4 24 | $2.0B | $221.4M | ||
| Q3 24 | $1.9B | $189.9M | ||
| Q2 24 | $2.0B | $121.5M | ||
| Q1 24 | $2.0B | $71.6M |
总资产LEVIRBLX
| Q4 25 | $6.8B | $9.6B | ||
| Q3 25 | $6.7B | $8.6B | ||
| Q2 25 | $6.5B | $7.8B | ||
| Q1 25 | $6.2B | $7.5B | ||
| Q4 24 | $6.4B | $7.2B | ||
| Q3 24 | $6.3B | $6.7B | ||
| Q2 24 | $6.2B | $6.5B | ||
| Q1 24 | $6.0B | $6.3B |
负债/权益比LEVIRBLX
| Q4 25 | 0.46× | 2.98× | ||
| Q3 25 | 0.48× | — | ||
| Q2 25 | 0.49× | — | ||
| Q1 25 | 0.49× | — | ||
| Q4 24 | 0.50× | 5.48× | ||
| Q3 24 | 0.54× | — | ||
| Q2 24 | 0.51× | — | ||
| Q1 24 | 0.51× | — |
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 | $266.8M | $607.0M |
| 自由现金流经营现金流 - 资本支出 | $215.7M | $308.6M |
| 自由现金流率自由现金流/营收 | 12.2% | 21.8% |
| 资本支出强度资本支出/营收 | 2.9% | 21.1% |
| 现金转化率经营现金流/净利润 | 1.69× | — |
| 过去12个月自由现金流最近4个季度 | $308.2M | $1.4B |
8季度趋势，按日历期对齐
经营现金流LEVIRBLX
| Q4 25 | $266.8M | $607.0M | ||
| Q3 25 | $24.8M | $546.2M | ||
| Q2 25 | $185.5M | $199.3M | ||
| Q1 25 | $52.5M | $443.9M | ||
| Q4 24 | $297.3M | $184.5M | ||
| Q3 24 | $52.3M | $247.4M | ||
| Q2 24 | $262.8M | $151.4M | ||
| Q1 24 | $286.0M | $238.9M |
自由现金流LEVIRBLX
| Q4 25 | $215.7M | $308.6M | ||
| Q3 25 | $-39.4M | $443.6M | ||
| Q2 25 | $146.0M | $176.7M | ||
| Q1 25 | $-14.1M | $426.5M | ||
| Q4 24 | $231.6M | $120.6M | ||
| Q3 24 | $2.3M | $218.0M | ||
| Q2 24 | $222.6M | $111.7M | ||
| Q1 24 | $214.4M | $192.3M |
自由现金流率LEVIRBLX
| Q4 25 | 12.2% | 21.8% | ||
| Q3 25 | -2.6% | 32.6% | ||
| Q2 25 | 10.1% | 16.3% | ||
| Q1 25 | -0.9% | 41.2% | ||
| Q4 24 | 12.6% | 12.2% | ||
| Q3 24 | 0.2% | 23.7% | ||
| Q2 24 | 15.4% | 12.5% | ||
| Q1 24 | 13.8% | 24.0% |
资本支出强度LEVIRBLX
| Q4 25 | 2.9% | 21.1% | ||
| Q3 25 | 4.2% | 7.5% | ||
| Q2 25 | 2.7% | 2.1% | ||
| Q1 25 | 4.4% | 1.7% | ||
| Q4 24 | 3.6% | 6.5% | ||
| Q3 24 | 3.3% | 3.2% | ||
| Q2 24 | 2.8% | 4.4% | ||
| Q1 24 | 4.6% | 5.8% |
现金转化率LEVIRBLX
| Q4 25 | 1.69× | — | ||
| Q3 25 | 0.11× | — | ||
| Q2 25 | 2.77× | — | ||
| Q1 25 | 0.39× | — | ||
| Q4 24 | 1.63× | — | ||
| Q3 24 | 2.53× | — | ||
| Q2 24 | 14.60× | — | ||
| Q1 24 | — | — |
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
LEVI
| Other | $760.3M | 43% |
| Sales Channel Through Intermediary | $583.2M | 33% |
| Sales Channel Directly To Consumer | $376.0M | 21% |
| Beyond Yoga | $46.3M | 3% |
RBLX
暂无分部数据
