vs
罗技（LOGI）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
罗技的季度营收约是罗布乐思的1.0倍（$1.4B vs $1.4B），罗技净利率更高（17.7% vs -22.3%，领先40.0%），罗布乐思同比增速更快（43.2% vs 6.1%），罗技自由现金流更多（$465.6M vs $308.6M），过去两年罗布乐思的营收复合增速更高（32.9% vs 18.5%）
罗技国际是总部位于瑞士洛桑的跨国企业，专注于计算机外设及相关软件的研发与生产，在欧洲、亚洲、大洋洲、美洲均设有分支机构，为瑞士市场指数成分股，同时在纳斯达克交易所挂牌上市。
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。
LOGI vs RBLX — 直观对比
营收规模更大
LOGI
是对方的1.0倍
$1.4B
营收增速更快
RBLX
高出37.1%
6.1%
净利率更高
LOGI
高出40.0%
-22.3%
自由现金流更多
LOGI
多$157.1M
$308.6M
两年增速更快
RBLX
近两年复合增速
18.5%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $1.4B |
| 净利润 | $251.0M | $-316.0M |
| 毛利率 | 43.2% | 77.7% |
| 营业利润率 | 20.1% | -25.3% |
| 净利率 | 17.7% | -22.3% |
| 营收同比 | 6.1% | 43.2% |
| 净利润同比 | 25.4% | -43.9% |
| 每股收益（稀释后） | $1.69 | $-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LOGIRBLX
| Q4 25 | $1.4B | $1.4B | ||
| Q3 25 | $1.2B | $1.4B | ||
| Q2 25 | $1.1B | $1.1B | ||
| Q1 25 | $1.0B | $1.0B | ||
| Q4 24 | $1.3B | $988.2M | ||
| Q3 24 | $1.1B | $919.0M | ||
| Q2 24 | $1.1B | $893.5M | ||
| Q1 24 | $1.0B | $801.3M |
净利润LOGIRBLX
| Q4 25 | $251.0M | $-316.0M | ||
| Q3 25 | $170.7M | $-255.6M | ||
| Q2 25 | $146.0M | $-278.4M | ||
| Q1 25 | $144.1M | $-215.1M | ||
| Q4 24 | $200.1M | $-219.6M | ||
| Q3 24 | $145.5M | $-239.3M | ||
| Q2 24 | $141.8M | $-205.9M | ||
| Q1 24 | $167.6M | $-270.6M |
毛利率LOGIRBLX
| Q4 25 | 43.2% | 77.7% | ||
| Q3 25 | 43.4% | 78.2% | ||
| Q2 25 | 41.7% | 78.2% | ||
| Q1 25 | 43.1% | 78.3% | ||
| Q4 24 | 42.9% | 77.9% | ||
| Q3 24 | 43.6% | 77.7% | ||
| Q2 24 | 42.8% | 77.8% | ||
| Q1 24 | 43.2% | 77.7% |
营业利润率LOGIRBLX
| Q4 25 | 20.1% | -25.3% | ||
| Q3 25 | 16.1% | -21.8% | ||
| Q2 25 | 14.1% | -29.8% | ||
| Q1 25 | 10.5% | -24.6% | ||
| Q4 24 | 17.5% | -24.7% | ||
| Q3 24 | 14.4% | -30.4% | ||
| Q2 24 | 14.1% | -26.6% | ||
| Q1 24 | 12.9% | -37.7% |
净利率LOGIRBLX
| Q4 25 | 17.7% | -22.3% | ||
| Q3 25 | 14.4% | -18.8% | ||
| Q2 25 | 12.7% | -25.8% | ||
| Q1 25 | 14.3% | -20.8% | ||
| Q4 24 | 14.9% | -22.2% | ||
| Q3 24 | 13.0% | -26.0% | ||
| Q2 24 | 13.0% | -23.0% | ||
| Q1 24 | 16.6% | -33.8% |
每股收益（稀释后）LOGIRBLX
| Q4 25 | $1.69 | $-0.44 | ||
| Q3 25 | $1.15 | $-0.37 | ||
| Q2 25 | $0.98 | $-0.41 | ||
| Q1 25 | $0.94 | $-0.32 | ||
| Q4 24 | $1.32 | $-0.32 | ||
| Q3 24 | $0.95 | $-0.37 | ||
| Q2 24 | $0.92 | $-0.32 | ||
| Q1 24 | $1.07 | $-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 | $1.8B | $3.1B |
| 总债务越低越好 | — | $1.2B |
| 股东权益账面价值 | $2.3B | $394.5M |
| 总资产 | $4.1B | $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LOGIRBLX
| Q4 25 | $1.8B | $3.1B | ||
| Q3 25 | $1.4B | $2.9B | ||
| Q2 25 | $1.5B | $2.6B | ||
| Q1 25 | $1.5B | $2.7B | ||
| Q4 24 | $1.5B | $2.4B | ||
| Q3 24 | $1.4B | $2.3B | ||
| Q2 24 | $1.5B | $2.4B | ||
| Q1 24 | $1.5B | $2.4B |
总债务LOGIRBLX
| Q4 25 | — | $1.2B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益LOGIRBLX
| Q4 25 | $2.3B | $394.5M | ||
| Q3 25 | $2.1B | $407.6M | ||
| Q2 25 | $2.2B | $353.2M | ||
| Q1 25 | $2.1B | $310.7M | ||
| Q4 24 | $2.1B | $221.4M | ||
| Q3 24 | $2.1B | $189.9M | ||
| Q2 24 | $2.2B | $121.5M | ||
| Q1 24 | $2.2B | $71.6M |
总资产LOGIRBLX
| Q4 25 | $4.1B | $9.6B | ||
| Q3 25 | $3.7B | $8.6B | ||
| Q2 25 | $3.7B | $7.8B | ||
| Q1 25 | $3.5B | $7.5B | ||
| Q4 24 | $3.7B | $7.2B | ||
| Q3 24 | $3.6B | $6.7B | ||
| Q2 24 | $3.7B | $6.5B | ||
| Q1 24 | $3.6B | $6.3B |
负债/权益比LOGIRBLX
| 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 | $480.5M | $607.0M |
| 自由现金流经营现金流 - 资本支出 | $465.6M | $308.6M |
| 自由现金流率自由现金流/营收 | 32.8% | 21.8% |
| 资本支出强度资本支出/营收 | 1.0% | 21.1% |
| 现金转化率经营现金流/净利润 | 1.91× | — |
| 过去12个月自由现金流最近4个季度 | $903.6M | $1.4B |
8季度趋势，按日历期对齐
经营现金流LOGIRBLX
| Q4 25 | $480.5M | $607.0M | ||
| Q3 25 | $228.8M | $546.2M | ||
| Q2 25 | $125.0M | $199.3M | ||
| Q1 25 | $129.7M | $443.9M | ||
| Q4 24 | $370.9M | $184.5M | ||
| Q3 24 | $166.0M | $247.4M | ||
| Q2 24 | $176.0M | $151.4M | ||
| Q1 24 | $239.1M | $238.9M |
自由现金流LOGIRBLX
| Q4 25 | $465.6M | $308.6M | ||
| Q3 25 | $212.3M | $443.6M | ||
| Q2 25 | $108.8M | $176.7M | ||
| Q1 25 | $116.9M | $426.5M | ||
| Q4 24 | $356.6M | $120.6M | ||
| Q3 24 | $151.5M | $218.0M | ||
| Q2 24 | $161.4M | $111.7M | ||
| Q1 24 | $228.8M | $192.3M |
自由现金流率LOGIRBLX
| Q4 25 | 32.8% | 21.8% | ||
| Q3 25 | 17.9% | 32.6% | ||
| Q2 25 | 9.5% | 16.3% | ||
| Q1 25 | 11.6% | 41.2% | ||
| Q4 24 | 26.6% | 12.2% | ||
| Q3 24 | 13.6% | 23.7% | ||
| Q2 24 | 14.8% | 12.5% | ||
| Q1 24 | 22.6% | 24.0% |
资本支出强度LOGIRBLX
| Q4 25 | 1.0% | 21.1% | ||
| Q3 25 | 1.4% | 7.5% | ||
| Q2 25 | 1.4% | 2.1% | ||
| Q1 25 | 1.3% | 1.7% | ||
| Q4 24 | 1.1% | 6.5% | ||
| Q3 24 | 1.3% | 3.2% | ||
| Q2 24 | 1.3% | 4.4% | ||
| Q1 24 | 1.0% | 5.8% |
现金转化率LOGIRBLX
| Q4 25 | 1.91× | — | ||
| Q3 25 | 1.34× | — | ||
| Q2 25 | 0.86× | — | ||
| Q1 25 | 0.90× | — | ||
| Q4 24 | 1.85× | — | ||
| Q3 24 | 1.14× | — | ||
| Q2 24 | 1.24× | — | ||
| Q1 24 | 1.43× | — |
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
LOGI
| Retail Gaming | $482.7M | 34% |
| Retail Keyboards Desktops | $254.6M | 18% |
| Retail Pointing Devices | $241.2M | 17% |
| Retail Video Collaboration | $193.3M | 14% |
| Retail Tablet And Other Accessories | $93.6M | 7% |
| Retail Webcams | $82.3M | 6% |
| Retail Headsets | $45.9M | 3% |
| Other Retail Products | $28.0M | 2% |
RBLX
暂无分部数据
