vs
诺唯真游轮控股（LINE）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诺唯真游轮控股的1.0倍（$1.4B vs $1.4B），诺唯真游轮控股净利率更高（-7.3% vs -22.3%，领先15.1%），罗布乐思同比增速更快（43.2% vs 3.1%），罗布乐思自由现金流更多（$308.6M vs $35.0M）
诺唯真游轮控股是一家总部位于美国、注册地为百慕大的企业，旗下全资运营诺唯真游轮、大洋游轮、丽晶七海游轮三大品牌，合并业务规模位列全球游轮运营商第三位，目前在纽约证券交易所挂牌上市。
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。
LINE vs RBLX — 直观对比
营收规模更大
RBLX
是对方的1.0倍
$1.4B
营收增速更快
RBLX
高出40.0%
3.1%
净利率更高
LINE
高出15.1%
-22.3%
自由现金流更多
RBLX
多$273.6M
$35.0M
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $1.4B |
| 净利润 | $-100.0M | $-316.0M |
| 毛利率 | 32.3% | 77.7% |
| 营业利润率 | 2.5% | -25.3% |
| 净利率 | -7.3% | -22.3% |
| 营收同比 | 3.1% | 43.2% |
| 净利润同比 | 79.4% | -43.9% |
| 每股收益（稀释后） | $-0.44 | $-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LINERBLX
| Q4 25 | — | $1.4B | ||
| Q3 25 | $1.4B | $1.4B | ||
| Q2 25 | $1.4B | $1.1B | ||
| Q1 25 | $1.3B | $1.0B | ||
| Q4 24 | $1.3B | $988.2M | ||
| Q3 24 | $1.3B | $919.0M | ||
| Q2 24 | $1.3B | $893.5M | ||
| Q1 24 | $1.3B | $801.3M |
净利润LINERBLX
| Q4 25 | — | $-316.0M | ||
| Q3 25 | $-100.0M | $-255.6M | ||
| Q2 25 | $-6.0M | $-278.4M | ||
| Q1 25 | $0 | $-215.1M | ||
| Q4 24 | $-71.0M | $-219.6M | ||
| Q3 24 | $-485.0M | $-239.3M | ||
| Q2 24 | $-68.0M | $-205.9M | ||
| Q1 24 | $-40.0M | $-270.6M |
毛利率LINERBLX
| Q4 25 | — | 77.7% | ||
| Q3 25 | 32.3% | 78.2% | ||
| Q2 25 | 31.9% | 78.2% | ||
| Q1 25 | 32.2% | 78.3% | ||
| Q4 24 | 32.3% | 77.9% | ||
| Q3 24 | 32.8% | 77.7% | ||
| Q2 24 | 33.4% | 77.8% | ||
| Q1 24 | 33.4% | 77.7% |
营业利润率LINERBLX
| Q4 25 | — | -25.3% | ||
| Q3 25 | 2.5% | -21.8% | ||
| Q2 25 | 1.7% | -29.8% | ||
| Q1 25 | 4.3% | -24.6% | ||
| Q4 24 | -1.6% | -24.7% | ||
| Q3 24 | -38.6% | -30.4% | ||
| Q2 24 | 5.5% | -26.6% | ||
| Q1 24 | 7.6% | -37.7% |
净利率LINERBLX
| Q4 25 | — | -22.3% | ||
| Q3 25 | -7.3% | -18.8% | ||
| Q2 25 | -0.4% | -25.8% | ||
| Q1 25 | — | -20.8% | ||
| Q4 24 | -5.3% | -22.2% | ||
| Q3 24 | -36.3% | -26.0% | ||
| Q2 24 | -5.1% | -23.0% | ||
| Q1 24 | -3.0% | -33.8% |
每股收益（稀释后）LINERBLX
| Q4 25 | — | $-0.44 | ||
| Q3 25 | $-0.44 | $-0.37 | ||
| Q2 25 | $-0.03 | $-0.41 | ||
| Q1 25 | $0.01 | $-0.32 | ||
| Q4 24 | $-0.52 | $-0.32 | ||
| Q3 24 | $-2.44 | $-0.37 | ||
| Q2 24 | $-0.46 | $-0.32 | ||
| Q1 24 | $-0.28 | $-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 | — | $3.1B |
| 总债务越低越好 | — | $1.2B |
| 股东权益账面价值 | $8.4B | $394.5M |
| 总资产 | $19.2B | $9.6B |
| 负债/权益比越低杠杆越低 | — | 2.98× |
8季度趋势，按日历期对齐
现金及短期投资LINERBLX
| Q4 25 | — | $3.1B | ||
| Q3 25 | — | $2.9B | ||
| Q2 25 | — | $2.6B | ||
| Q1 25 | — | $2.7B | ||
| Q4 24 | $173.0M | $2.4B | ||
| Q3 24 | $409.0M | $2.3B | ||
| Q2 24 | $73.0M | $2.4B | ||
| Q1 24 | — | $2.4B |
总债务LINERBLX
| Q4 25 | — | $1.2B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益LINERBLX
| Q4 25 | — | $394.5M | ||
| Q3 25 | $8.4B | $407.6M | ||
| Q2 25 | $8.6B | $353.2M | ||
| Q1 25 | $8.6B | $310.7M | ||
| Q4 24 | $8.6B | $221.4M | ||
| Q3 24 | $9.0B | $189.9M | ||
| Q2 24 | $4.9B | $121.5M | ||
| Q1 24 | $5.6B | $71.6M |
总资产LINERBLX
| Q4 25 | — | $9.6B | ||
| Q3 25 | $19.2B | $8.6B | ||
| Q2 25 | $19.4B | $7.8B | ||
| Q1 25 | $18.8B | $7.5B | ||
| Q4 24 | $18.7B | $7.2B | ||
| Q3 24 | $19.3B | $6.7B | ||
| Q2 24 | $18.8B | $6.5B | ||
| Q1 24 | — | $6.3B |
负债/权益比LINERBLX
| Q4 25 | — | 2.98× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 5.48× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 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 | $230.0M | $607.0M |
| 自由现金流经营现金流 - 资本支出 | $35.0M | $308.6M |
| 自由现金流率自由现金流/营收 | 2.5% | 21.8% |
| 资本支出强度资本支出/营收 | 14.2% | 21.1% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | — | $1.4B |
8季度趋势，按日历期对齐
经营现金流LINERBLX
| Q4 25 | — | $607.0M | ||
| Q3 25 | $230.0M | $546.2M | ||
| Q2 25 | $258.0M | $199.3M | ||
| Q1 25 | $139.0M | $443.9M | ||
| Q4 24 | — | $184.5M | ||
| Q3 24 | $186.0M | $247.4M | ||
| Q2 24 | $155.0M | $151.4M | ||
| Q1 24 | $105.0M | $238.9M |
自由现金流LINERBLX
| Q4 25 | — | $308.6M | ||
| Q3 25 | $35.0M | $443.6M | ||
| Q2 25 | $95.0M | $176.7M | ||
| Q1 25 | $-12.0M | $426.5M | ||
| Q4 24 | — | $120.6M | ||
| Q3 24 | $33.0M | $218.0M | ||
| Q2 24 | $-31.0M | $111.7M | ||
| Q1 24 | $-42.0M | $192.3M |
自由现金流率LINERBLX
| Q4 25 | — | 21.8% | ||
| Q3 25 | 2.5% | 32.6% | ||
| Q2 25 | 7.0% | 16.3% | ||
| Q1 25 | -0.9% | 41.2% | ||
| Q4 24 | — | 12.2% | ||
| Q3 24 | 2.5% | 23.7% | ||
| Q2 24 | -2.3% | 12.5% | ||
| Q1 24 | -3.2% | 24.0% |
资本支出强度LINERBLX
| Q4 25 | — | 21.1% | ||
| Q3 25 | 14.2% | 7.5% | ||
| Q2 25 | 12.1% | 2.1% | ||
| Q1 25 | 11.7% | 1.7% | ||
| Q4 24 | — | 6.5% | ||
| Q3 24 | 11.5% | 3.2% | ||
| Q2 24 | 13.9% | 4.4% | ||
| Q1 24 | 11.1% | 5.8% |
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
LINE
| Warehousing Operations | $883.0M | 64% |
| Other | $308.0M | 22% |
| Warehouse Lease | $60.0M | 4% |
| Food Sales | $52.0M | 4% |
| E Commerce And Other | $46.0M | 3% |
| Railcar Lease | $23.0M | 2% |
| Service Other | $5.0M | 0% |
RBLX
暂无分部数据
