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雷诺士国际（LII）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雷诺士国际的1.2倍（$1.4B vs $1.2B），雷诺士国际净利率更高（13.6% vs -22.3%，领先35.9%），罗布乐思同比增速更快（43.2% vs -11.2%），雷诺士国际自由现金流更多（$376.7M vs $308.6M），过去两年罗布乐思的营收复合增速更高（32.9% vs 6.8%）
雷诺士国际是美国知名的暖通空调（HVAC）及制冷领域气候控制产品供应商，总部位于得克萨斯州理查森。公司在墨西哥萨尔蒂约、美国爱荷华州马歇尔敦、南卡罗来纳州奥兰治堡设有核心生产基地，1904年收购公司的诺里斯家族后裔约翰·W·诺里斯三世持有其9.8%的股份。
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。
LII vs RBLX — 直观对比
营收规模更大
RBLX
是对方的1.2倍
$1.2B
营收增速更快
RBLX
高出54.3%
-11.2%
净利率更高
LII
高出35.9%
-22.3%
自由现金流更多
LII
多$68.1M
$308.6M
两年增速更快
RBLX
近两年复合增速
6.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $1.4B |
| 净利润 | $162.1M | $-316.0M |
| 毛利率 | 34.7% | 77.7% |
| 营业利润率 | 18.6% | -25.3% |
| 净利率 | 13.6% | -22.3% |
| 营收同比 | -11.2% | 43.2% |
| 净利润同比 | -18.0% | -43.9% |
| 每股收益（稀释后） | $4.62 | $-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LIIRBLX
| Q4 25 | $1.2B | $1.4B | ||
| Q3 25 | $1.4B | $1.4B | ||
| Q2 25 | $1.5B | $1.1B | ||
| Q1 25 | $1.1B | $1.0B | ||
| Q4 24 | $1.3B | $988.2M | ||
| Q3 24 | $1.5B | $919.0M | ||
| Q2 24 | $1.5B | $893.5M | ||
| Q1 24 | $1.0B | $801.3M |
净利润LIIRBLX
| Q4 25 | $162.1M | $-316.0M | ||
| Q3 25 | $245.8M | $-255.6M | ||
| Q2 25 | $277.6M | $-278.4M | ||
| Q1 25 | $120.3M | $-215.1M | ||
| Q4 24 | $197.7M | $-219.6M | ||
| Q3 24 | $239.0M | $-239.3M | ||
| Q2 24 | $245.9M | $-205.9M | ||
| Q1 24 | $124.3M | $-270.6M |
毛利率LIIRBLX
| Q4 25 | 34.7% | 77.7% | ||
| Q3 25 | 32.8% | 78.2% | ||
| Q2 25 | 34.8% | 78.2% | ||
| Q1 25 | 30.6% | 78.3% | ||
| Q4 24 | 33.9% | 77.9% | ||
| Q3 24 | 32.6% | 77.7% | ||
| Q2 24 | 33.6% | 77.8% | ||
| Q1 24 | 32.5% | 77.7% |
营业利润率LIIRBLX
| Q4 25 | 18.6% | -25.3% | ||
| Q3 25 | 21.7% | -21.8% | ||
| Q2 25 | 23.6% | -29.8% | ||
| Q1 25 | 14.5% | -24.6% | ||
| Q4 24 | 18.2% | -24.7% | ||
| Q3 24 | 20.2% | -30.4% | ||
| Q2 24 | 22.1% | -26.6% | ||
| Q1 24 | 15.9% | -37.7% |
净利率LIIRBLX
| Q4 25 | 13.6% | -22.3% | ||
| Q3 25 | 17.2% | -18.8% | ||
| Q2 25 | 18.5% | -25.8% | ||
| Q1 25 | 11.2% | -20.8% | ||
| Q4 24 | 14.7% | -22.2% | ||
| Q3 24 | 16.0% | -26.0% | ||
| Q2 24 | 16.9% | -23.0% | ||
| Q1 24 | 11.9% | -33.8% |
每股收益（稀释后）LIIRBLX
| Q4 25 | $4.62 | $-0.44 | ||
| Q3 25 | $6.98 | $-0.37 | ||
| Q2 25 | $7.82 | $-0.41 | ||
| Q1 25 | $3.37 | $-0.32 | ||
| Q4 24 | $5.52 | $-0.32 | ||
| Q3 24 | $6.68 | $-0.37 | ||
| Q2 24 | $6.87 | $-0.32 | ||
| Q1 24 | $3.47 | $-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 | $34.7M | $3.1B |
| 总债务越低越好 | $1.1B | $1.2B |
| 股东权益账面价值 | $1.2B | $394.5M |
| 总资产 | $4.1B | $9.6B |
| 负债/权益比越低杠杆越低 | 0.98× | 2.98× |
8季度趋势，按日历期对齐
现金及短期投资LIIRBLX
| Q4 25 | $34.7M | $3.1B | ||
| Q3 25 | $59.2M | $2.9B | ||
| Q2 25 | $55.1M | $2.6B | ||
| Q1 25 | $222.9M | $2.7B | ||
| Q4 24 | $422.3M | $2.4B | ||
| Q3 24 | $255.7M | $2.3B | ||
| Q2 24 | $57.8M | $2.4B | ||
| Q1 24 | $57.6M | $2.4B |
总债务LIIRBLX
| Q4 25 | $1.1B | $1.2B | ||
| Q3 25 | $838.2M | — | ||
| Q2 25 | $835.7M | — | ||
| Q1 25 | $834.2M | — | ||
| Q4 24 | $833.1M | $1.2B | ||
| Q3 24 | $827.6M | — | ||
| Q2 24 | $1.1B | — | ||
| Q1 24 | $1.2B | — |
股东权益LIIRBLX
| Q4 25 | $1.2B | $394.5M | ||
| Q3 25 | $1.1B | $407.6M | ||
| Q2 25 | $900.5M | $353.2M | ||
| Q1 25 | $852.5M | $310.7M | ||
| Q4 24 | $850.2M | $221.4M | ||
| Q3 24 | $754.0M | $189.9M | ||
| Q2 24 | $577.4M | $121.5M | ||
| Q1 24 | $368.8M | $71.6M |
总资产LIIRBLX
| Q4 25 | $4.1B | $9.6B | ||
| Q3 25 | $3.5B | $8.6B | ||
| Q2 25 | $3.7B | $7.8B | ||
| Q1 25 | $3.5B | $7.5B | ||
| Q4 24 | $3.5B | $7.2B | ||
| Q3 24 | $3.3B | $6.7B | ||
| Q2 24 | $3.2B | $6.5B | ||
| Q1 24 | $3.0B | $6.3B |
负债/权益比LIIRBLX
| Q4 25 | 0.98× | 2.98× | ||
| Q3 25 | 0.78× | — | ||
| Q2 25 | 0.93× | — | ||
| Q1 25 | 0.98× | — | ||
| Q4 24 | 0.98× | 5.48× | ||
| Q3 24 | 1.10× | — | ||
| Q2 24 | 1.95× | — | ||
| Q1 24 | 3.13× | — |
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 | $405.9M | $607.0M |
| 自由现金流经营现金流 - 资本支出 | $376.7M | $308.6M |
| 自由现金流率自由现金流/营收 | 31.5% | 21.8% |
| 资本支出强度资本支出/营收 | 2.4% | 21.1% |
| 现金转化率经营现金流/净利润 | 2.50× | — |
| 过去12个月自由现金流最近4个季度 | $638.8M | $1.4B |
8季度趋势，按日历期对齐
经营现金流LIIRBLX
| Q4 25 | $405.9M | $607.0M | ||
| Q3 25 | $300.7M | $546.2M | ||
| Q2 25 | $86.8M | $199.3M | ||
| Q1 25 | $-35.8M | $443.9M | ||
| Q4 24 | $332.4M | $184.5M | ||
| Q3 24 | $452.1M | $247.4M | ||
| Q2 24 | $184.0M | $151.4M | ||
| Q1 24 | $-22.8M | $238.9M |
自由现金流LIIRBLX
| Q4 25 | $376.7M | $308.6M | ||
| Q3 25 | $265.1M | $443.6M | ||
| Q2 25 | $58.3M | $176.7M | ||
| Q1 25 | $-61.3M | $426.5M | ||
| Q4 24 | $272.2M | $120.6M | ||
| Q3 24 | $410.9M | $218.0M | ||
| Q2 24 | $151.3M | $111.7M | ||
| Q1 24 | $-52.3M | $192.3M |
自由现金流率LIIRBLX
| Q4 25 | 31.5% | 21.8% | ||
| Q3 25 | 18.6% | 32.6% | ||
| Q2 25 | 3.9% | 16.3% | ||
| Q1 25 | -5.7% | 41.2% | ||
| Q4 24 | 20.2% | 12.2% | ||
| Q3 24 | 27.4% | 23.7% | ||
| Q2 24 | 10.4% | 12.5% | ||
| Q1 24 | -5.0% | 24.0% |
资本支出强度LIIRBLX
| Q4 25 | 2.4% | 21.1% | ||
| Q3 25 | 2.5% | 7.5% | ||
| Q2 25 | 1.9% | 2.1% | ||
| Q1 25 | 2.4% | 1.7% | ||
| Q4 24 | 4.5% | 6.5% | ||
| Q3 24 | 2.8% | 3.2% | ||
| Q2 24 | 2.3% | 4.4% | ||
| Q1 24 | 2.8% | 5.8% |
现金转化率LIIRBLX
| Q4 25 | 2.50× | — | ||
| Q3 25 | 1.22× | — | ||
| Q2 25 | 0.31× | — | ||
| Q1 25 | -0.30× | — | ||
| Q4 24 | 1.68× | — | ||
| Q3 24 | 1.89× | — | ||
| Q2 24 | 0.75× | — | ||
| Q1 24 | -0.18× | — |
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
LII
| Residential Heating And Cooling | $699.8M | 59% |
| Commercial Heating And Cooling | $495.2M | 41% |
RBLX
暂无分部数据
