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雷诺士国际（LII）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 5.8%，领先7.8%），ROKU, INC同比增速更快（16.1% vs -11.2%），雷诺士国际自由现金流更多（$376.7M vs $106.6M），过去两年ROKU, INC的营收复合增速更高（25.8% 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。
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。
LII vs ROKU — 直观对比
营收规模更大
ROKU
是对方的1.2倍
$1.2B
营收增速更快
ROKU
高出27.3%
-11.2%
净利率更高
LII
高出7.8%
5.8%
自由现金流更多
LII
多$270.1M
$106.6M
两年增速更快
ROKU
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 | $80.5M |
| 毛利率 | 34.7% | 43.5% |
| 营业利润率 | 18.6% | 4.7% |
| 净利率 | 13.6% | 5.8% |
| 营收同比 | -11.2% | 16.1% |
| 净利润同比 | -18.0% | 326.4% |
| 每股收益（稀释后） | $4.62 | $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LIIROKU
| Q4 25 | $1.2B | $1.4B | ||
| Q3 25 | $1.4B | $1.2B | ||
| Q2 25 | $1.5B | $1.1B | ||
| Q1 25 | $1.1B | $1.0B | ||
| Q4 24 | $1.3B | $1.2B | ||
| Q3 24 | $1.5B | $1.1B | ||
| Q2 24 | $1.5B | $968.2M | ||
| Q1 24 | $1.0B | $881.5M |
净利润LIIROKU
| Q4 25 | $162.1M | $80.5M | ||
| Q3 25 | $245.8M | $24.8M | ||
| Q2 25 | $277.6M | $10.5M | ||
| Q1 25 | $120.3M | $-27.4M | ||
| Q4 24 | $197.7M | $-35.5M | ||
| Q3 24 | $239.0M | $-9.0M | ||
| Q2 24 | $245.9M | $-34.0M | ||
| Q1 24 | $124.3M | $-50.9M |
毛利率LIIROKU
| Q4 25 | 34.7% | 43.5% | ||
| Q3 25 | 32.8% | 43.4% | ||
| Q2 25 | 34.8% | 44.8% | ||
| Q1 25 | 30.6% | 43.6% | ||
| Q4 24 | 33.9% | 42.7% | ||
| Q3 24 | 32.6% | 45.2% | ||
| Q2 24 | 33.6% | 43.9% | ||
| Q1 24 | 32.5% | 44.1% |
营业利润率LIIROKU
| Q4 25 | 18.6% | 4.7% | ||
| Q3 25 | 21.7% | 0.8% | ||
| Q2 25 | 23.6% | -2.1% | ||
| Q1 25 | 14.5% | -5.7% | ||
| Q4 24 | 18.2% | -3.3% | ||
| Q3 24 | 20.2% | -3.4% | ||
| Q2 24 | 22.1% | -7.4% | ||
| Q1 24 | 15.9% | -8.2% |
净利率LIIROKU
| Q4 25 | 13.6% | 5.8% | ||
| Q3 25 | 17.2% | 2.0% | ||
| Q2 25 | 18.5% | 0.9% | ||
| Q1 25 | 11.2% | -2.7% | ||
| Q4 24 | 14.7% | -3.0% | ||
| Q3 24 | 16.0% | -0.9% | ||
| Q2 24 | 16.9% | -3.5% | ||
| Q1 24 | 11.9% | -5.8% |
每股收益（稀释后）LIIROKU
| Q4 25 | $4.62 | $0.55 | ||
| Q3 25 | $6.98 | $0.16 | ||
| Q2 25 | $7.82 | $0.07 | ||
| Q1 25 | $3.37 | $-0.19 | ||
| Q4 24 | $5.52 | $-0.24 | ||
| Q3 24 | $6.68 | $-0.06 | ||
| Q2 24 | $6.87 | $-0.24 | ||
| Q1 24 | $3.47 | $-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 | $34.7M | $2.3B |
| 总债务越低越好 | $1.1B | — |
| 股东权益账面价值 | $1.2B | $2.7B |
| 总资产 | $4.1B | $4.4B |
| 负债/权益比越低杠杆越低 | 0.98× | — |
8季度趋势，按日历期对齐
现金及短期投资LIIROKU
| Q4 25 | $34.7M | $2.3B | ||
| Q3 25 | $59.2M | $2.3B | ||
| Q2 25 | $55.1M | $2.3B | ||
| Q1 25 | $222.9M | $2.3B | ||
| Q4 24 | $422.3M | $2.2B | ||
| Q3 24 | $255.7M | $2.1B | ||
| Q2 24 | $57.8M | $2.1B | ||
| Q1 24 | $57.6M | $2.1B |
总债务LIIROKU
| Q4 25 | $1.1B | — | ||
| Q3 25 | $838.2M | — | ||
| Q2 25 | $835.7M | — | ||
| Q1 25 | $834.2M | — | ||
| Q4 24 | $833.1M | — | ||
| Q3 24 | $827.6M | — | ||
| Q2 24 | $1.1B | — | ||
| Q1 24 | $1.2B | — |
股东权益LIIROKU
| Q4 25 | $1.2B | $2.7B | ||
| Q3 25 | $1.1B | $2.6B | ||
| Q2 25 | $900.5M | $2.6B | ||
| Q1 25 | $852.5M | $2.5B | ||
| Q4 24 | $850.2M | $2.5B | ||
| Q3 24 | $754.0M | $2.5B | ||
| Q2 24 | $577.4M | $2.4B | ||
| Q1 24 | $368.8M | $2.4B |
总资产LIIROKU
| Q4 25 | $4.1B | $4.4B | ||
| Q3 25 | $3.5B | $4.4B | ||
| Q2 25 | $3.7B | $4.3B | ||
| Q1 25 | $3.5B | $4.2B | ||
| Q4 24 | $3.5B | $4.3B | ||
| Q3 24 | $3.3B | $4.3B | ||
| Q2 24 | $3.2B | $4.1B | ||
| Q1 24 | $3.0B | $4.2B |
负债/权益比LIIROKU
| Q4 25 | 0.98× | — | ||
| Q3 25 | 0.78× | — | ||
| Q2 25 | 0.93× | — | ||
| Q1 25 | 0.98× | — | ||
| Q4 24 | 0.98× | — | ||
| 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 | $107.7M |
| 自由现金流经营现金流 - 资本支出 | $376.7M | $106.6M |
| 自由现金流率自由现金流/营收 | 31.5% | 7.6% |
| 资本支出强度资本支出/营收 | 2.4% | 0.1% |
| 现金转化率经营现金流/净利润 | 2.50× | 1.34× |
| 过去12个月自由现金流最近4个季度 | $638.8M | $478.4M |
8季度趋势，按日历期对齐
经营现金流LIIROKU
| Q4 25 | $405.9M | $107.7M | ||
| Q3 25 | $300.7M | $127.6M | ||
| Q2 25 | $86.8M | $109.7M | ||
| Q1 25 | $-35.8M | $138.7M | ||
| Q4 24 | $332.4M | $79.3M | ||
| Q3 24 | $452.1M | $68.7M | ||
| Q2 24 | $184.0M | $23.4M | ||
| Q1 24 | $-22.8M | $46.7M |
自由现金流LIIROKU
| Q4 25 | $376.7M | $106.6M | ||
| Q3 25 | $265.1M | $126.5M | ||
| Q2 25 | $58.3M | $108.6M | ||
| Q1 25 | $-61.3M | $136.8M | ||
| Q4 24 | $272.2M | $76.8M | ||
| Q3 24 | $410.9M | $67.6M | ||
| Q2 24 | $151.3M | $22.5M | ||
| Q1 24 | $-52.3M | $46.0M |
自由现金流率LIIROKU
| Q4 25 | 31.5% | 7.6% | ||
| Q3 25 | 18.6% | 10.4% | ||
| Q2 25 | 3.9% | 9.8% | ||
| Q1 25 | -5.7% | 13.4% | ||
| Q4 24 | 20.2% | 6.4% | ||
| Q3 24 | 27.4% | 6.4% | ||
| Q2 24 | 10.4% | 2.3% | ||
| Q1 24 | -5.0% | 5.2% |
资本支出强度LIIROKU
| Q4 25 | 2.4% | 0.1% | ||
| Q3 25 | 2.5% | 0.1% | ||
| Q2 25 | 1.9% | 0.1% | ||
| Q1 25 | 2.4% | 0.2% | ||
| Q4 24 | 4.5% | 0.2% | ||
| Q3 24 | 2.8% | 0.1% | ||
| Q2 24 | 2.3% | 0.1% | ||
| Q1 24 | 2.8% | 0.1% |
现金转化率LIIROKU
| Q4 25 | 2.50× | 1.34× | ||
| Q3 25 | 1.22× | 5.14× | ||
| Q2 25 | 0.31× | 10.45× | ||
| 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% |
ROKU
| Services | $1.2B | 88% |
| Products | $170.9M | 12% |
