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LANDSTAR SYSTEM INC（LSTR）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LANDSTAR SYSTEM INC的1.2倍（$1.4B vs $1.2B），LANDSTAR SYSTEM INC净利率更高（3.4% vs -22.3%，领先25.7%），罗布乐思同比增速更快（43.2% vs 1.6%），过去两年罗布乐思的营收复合增速更高（32.9% vs -2.2%）
Landstar System Inc.是美国专业运输服务企业，主营第三方物流业务，依托由超8800名独立自营车主、1000余名独立货运代理人、7万余家合规认证承运商组成的庞大网络，服务主要覆盖美国全境，同时提供加拿大境内及美加、美墨跨境物流服务。
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。
LSTR 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41.6%
1.6%
净利率更高
LSTR
高出25.7%
-22.3%
两年增速更快
RBLX
近两年复合增速
-2.2%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $1.4B |
| 净利润 | $39.4M | $-316.0M |
| 毛利率 | 9.6% | 77.7% |
| 营业利润率 | 4.5% | -25.3% |
| 净利率 | 3.4% | -22.3% |
| 营收同比 | 1.6% | 43.2% |
| 净利润同比 | 32.3% | -43.9% |
| 每股收益（稀释后） | $1.16 | $-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LSTRRBLX
| Q1 26 | $1.2B | — | ||
| Q4 25 | $1.2B | $1.4B | ||
| Q3 25 | $1.2B | $1.4B | ||
| Q2 25 | $1.2B | $1.1B | ||
| Q1 25 | $1.2B | $1.0B | ||
| Q4 24 | $1.2B | $988.2M | ||
| Q3 24 | $1.2B | $919.0M | ||
| Q2 24 | $1.2B | $893.5M |
净利润LSTRRBLX
| Q1 26 | $39.4M | — | ||
| Q4 25 | $23.9M | $-316.0M | ||
| Q3 25 | $19.4M | $-255.6M | ||
| Q2 25 | $41.9M | $-278.4M | ||
| Q1 25 | $29.8M | $-215.1M | ||
| Q4 24 | $46.2M | $-219.6M | ||
| Q3 24 | $50.0M | $-239.3M | ||
| Q2 24 | $52.6M | $-205.9M |
毛利率LSTRRBLX
| Q1 26 | 9.6% | — | ||
| Q4 25 | — | 77.7% | ||
| Q3 25 | — | 78.2% | ||
| Q2 25 | — | 78.2% | ||
| Q1 25 | — | 78.3% | ||
| Q4 24 | — | 77.9% | ||
| Q3 24 | — | 77.7% | ||
| Q2 24 | — | 77.8% |
营业利润率LSTRRBLX
| Q1 26 | 4.5% | — | ||
| Q4 25 | 2.5% | -25.3% | ||
| Q3 25 | 2.2% | -21.8% | ||
| Q2 25 | 4.6% | -29.8% | ||
| Q1 25 | 3.4% | -24.6% | ||
| Q4 24 | 4.8% | -24.7% | ||
| Q3 24 | 5.2% | -30.4% | ||
| Q2 24 | 5.6% | -26.6% |
净利率LSTRRBLX
| Q1 26 | 3.4% | — | ||
| Q4 25 | 2.0% | -22.3% | ||
| Q3 25 | 1.6% | -18.8% | ||
| Q2 25 | 3.5% | -25.8% | ||
| Q1 25 | 2.6% | -20.8% | ||
| Q4 24 | 3.8% | -22.2% | ||
| Q3 24 | 4.1% | -26.0% | ||
| Q2 24 | 4.3% | -23.0% |
每股收益（稀释后）LSTRRBLX
| Q1 26 | $1.16 | — | ||
| Q4 25 | $0.70 | $-0.44 | ||
| Q3 25 | $0.56 | $-0.37 | ||
| Q2 25 | $1.20 | $-0.41 | ||
| Q1 25 | $0.85 | $-0.32 | ||
| Q4 24 | $1.30 | $-0.32 | ||
| Q3 24 | $1.41 | $-0.37 | ||
| Q2 24 | $1.48 | $-0.32 |
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 | $411.0M | $3.1B |
| 总债务越低越好 | $26.1M | $1.2B |
| 股东权益账面价值 | $799.0M | $394.5M |
| 总资产 | $1.6B | $9.6B |
| 负债/权益比越低杠杆越低 | 0.03× | 2.98× |
8季度趋势，按日历期对齐
现金及短期投资LSTRRBLX
| Q1 26 | $411.0M | — | ||
| Q4 25 | $452.2M | $3.1B | ||
| Q3 25 | $434.4M | $2.9B | ||
| Q2 25 | $426.2M | $2.6B | ||
| Q1 25 | $473.4M | $2.7B | ||
| Q4 24 | $566.6M | $2.4B | ||
| Q3 24 | $531.3M | $2.3B | ||
| Q2 24 | $504.0M | $2.4B |
总债务LSTRRBLX
| Q1 26 | $26.1M | — | ||
| Q4 25 | $0 | $1.2B | ||
| Q3 25 | $0 | — | ||
| Q2 25 | $0 | — | ||
| Q1 25 | $0 | — | ||
| Q4 24 | $0 | $1.2B | ||
| Q3 24 | $0 | — | ||
| Q2 24 | $0 | — |
股东权益LSTRRBLX
| Q1 26 | $799.0M | — | ||
| Q4 25 | $795.7M | $394.5M | ||
| Q3 25 | $888.7M | $407.6M | ||
| Q2 25 | $921.8M | $353.2M | ||
| Q1 25 | $930.8M | $310.7M | ||
| Q4 24 | $972.4M | $221.4M | ||
| Q3 24 | $1.0B | $189.9M | ||
| Q2 24 | $1.0B | $121.5M |
总资产LSTRRBLX
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.6B | $9.6B | ||
| Q3 25 | $1.7B | $8.6B | ||
| Q2 25 | $1.7B | $7.8B | ||
| Q1 25 | $1.7B | $7.5B | ||
| Q4 24 | $1.8B | $7.2B | ||
| Q3 24 | $1.8B | $6.7B | ||
| Q2 24 | $1.8B | $6.5B |
负债/权益比LSTRRBLX
| Q1 26 | 0.03× | — | ||
| Q4 25 | 0.00× | 2.98× | ||
| Q3 25 | 0.00× | — | ||
| Q2 25 | 0.00× | — | ||
| Q1 25 | 0.00× | — | ||
| Q4 24 | 0.00× | 5.48× | ||
| Q3 24 | 0.00× | — | ||
| Q2 24 | 0.00× | — |
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 | — | $607.0M |
| 自由现金流经营现金流 - 资本支出 | — | $308.6M |
| 自由现金流率自由现金流/营收 | — | 21.8% |
| 资本支出强度资本支出/营收 | — | 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LSTRRBLX
| Q1 26 | — | — | ||
| Q4 25 | $72.7M | $607.0M | ||
| Q3 25 | $89.3M | $546.2M | ||
| Q2 25 | $7.1M | $199.3M | ||
| Q1 25 | $55.7M | $443.9M | ||
| Q4 24 | $61.1M | $184.5M | ||
| Q3 24 | $83.1M | $247.4M | ||
| Q2 24 | $48.1M | $151.4M |
自由现金流LSTRRBLX
| Q1 26 | — | — | ||
| Q4 25 | $70.5M | $308.6M | ||
| Q3 25 | $86.0M | $443.6M | ||
| Q2 25 | $4.7M | $176.7M | ||
| Q1 25 | $53.8M | $426.5M | ||
| Q4 24 | $54.4M | $120.6M | ||
| Q3 24 | $75.6M | $218.0M | ||
| Q2 24 | $40.6M | $111.7M |
自由现金流率LSTRRBLX
| Q1 26 | — | — | ||
| Q4 25 | 6.0% | 21.8% | ||
| Q3 25 | 7.1% | 32.6% | ||
| Q2 25 | 0.4% | 16.3% | ||
| Q1 25 | 4.7% | 41.2% | ||
| Q4 24 | 4.5% | 12.2% | ||
| Q3 24 | 6.2% | 23.7% | ||
| Q2 24 | 3.3% | 12.5% |
资本支出强度LSTRRBLX
| Q1 26 | — | — | ||
| Q4 25 | 0.2% | 21.1% | ||
| Q3 25 | 0.3% | 7.5% | ||
| Q2 25 | 0.2% | 2.1% | ||
| Q1 25 | 0.2% | 1.7% | ||
| Q4 24 | 0.6% | 6.5% | ||
| Q3 24 | 0.6% | 3.2% | ||
| Q2 24 | 0.6% | 4.4% |
现金转化率LSTRRBLX
| Q1 26 | — | — | ||
| Q4 25 | 3.04× | — | ||
| Q3 25 | 4.61× | — | ||
| Q2 25 | 0.17× | — | ||
| Q1 25 | 1.87× | — | ||
| Q4 24 | 1.32× | — | ||
| Q3 24 | 1.66× | — | ||
| Q2 24 | 0.91× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
