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露露乐蒙（LULU）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
露露乐蒙的季度营收约是罗布乐思的1.8倍（$2.6B vs $1.4B），露露乐蒙净利率更高（12.0% vs -22.3%，领先34.3%），罗布乐思同比增速更快（43.2% vs 7.1%），罗布乐思自由现金流更多（$308.6M vs $82.4M），过去两年罗布乐思的营收复合增速更高（32.9% vs -10.5%）
露露乐蒙是源自美国和加拿大的跨国运动服饰零售商，1998年成立初期主打瑜伽裤及其他瑜伽服饰，目前已拓展业务至运动装备、休闲服饰、配件及个护产品，总部位于加拿大不列颠哥伦比亚省温哥华，共拥有767家线下门店，同时开设官方网站提供线上销售服务。
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。
LULU vs RBLX — 直观对比
营收规模更大
LULU
是对方的1.8倍
$1.4B
营收增速更快
RBLX
高出36.1%
7.1%
净利率更高
LULU
高出34.3%
-22.3%
自由现金流更多
RBLX
多$226.1M
$82.4M
两年增速更快
RBLX
近两年复合增速
-10.5%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.6B | $1.4B |
| 净利润 | $306.8M | $-316.0M |
| 毛利率 | 55.6% | 77.7% |
| 营业利润率 | 17.0% | -25.3% |
| 净利率 | 12.0% | -22.3% |
| 营收同比 | 7.1% | 43.2% |
| 净利润同比 | -12.8% | -43.9% |
| 每股收益（稀释后） | $2.59 | $-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LULURBLX
| Q4 25 | $2.6B | $1.4B | ||
| Q3 25 | $2.5B | $1.4B | ||
| Q2 25 | $2.4B | $1.1B | ||
| Q1 25 | $3.6B | $1.0B | ||
| Q4 24 | $2.4B | $988.2M | ||
| Q3 24 | $2.4B | $919.0M | ||
| Q2 24 | $2.2B | $893.5M | ||
| Q1 24 | $3.2B | $801.3M |
净利润LULURBLX
| Q4 25 | $306.8M | $-316.0M | ||
| Q3 25 | $370.9M | $-255.6M | ||
| Q2 25 | $314.6M | $-278.4M | ||
| Q1 25 | $748.4M | $-215.1M | ||
| Q4 24 | $351.9M | $-219.6M | ||
| Q3 24 | $392.9M | $-239.3M | ||
| Q2 24 | $321.4M | $-205.9M | ||
| Q1 24 | $669.5M | $-270.6M |
毛利率LULURBLX
| Q4 25 | 55.6% | 77.7% | ||
| Q3 25 | 58.5% | 78.2% | ||
| Q2 25 | 58.3% | 78.2% | ||
| Q1 25 | 60.4% | 78.3% | ||
| Q4 24 | 58.5% | 77.9% | ||
| Q3 24 | 59.6% | 77.7% | ||
| Q2 24 | 57.7% | 77.8% | ||
| Q1 24 | 59.4% | 77.7% |
营业利润率LULURBLX
| Q4 25 | 17.0% | -25.3% | ||
| Q3 25 | 20.7% | -21.8% | ||
| Q2 25 | 18.5% | -29.8% | ||
| Q1 25 | 28.9% | -24.6% | ||
| Q4 24 | 20.5% | -24.7% | ||
| Q3 24 | 22.8% | -30.4% | ||
| Q2 24 | 19.6% | -26.6% | ||
| Q1 24 | 28.5% | -37.7% |
净利率LULURBLX
| Q4 25 | 12.0% | -22.3% | ||
| Q3 25 | 14.7% | -18.8% | ||
| Q2 25 | 13.3% | -25.8% | ||
| Q1 25 | 20.7% | -20.8% | ||
| Q4 24 | 14.7% | -22.2% | ||
| Q3 24 | 16.6% | -26.0% | ||
| Q2 24 | 14.6% | -23.0% | ||
| Q1 24 | 20.9% | -33.8% |
每股收益（稀释后）LULURBLX
| Q4 25 | $2.59 | $-0.44 | ||
| Q3 25 | $3.10 | $-0.37 | ||
| Q2 25 | $2.60 | $-0.41 | ||
| Q1 25 | $6.08 | $-0.32 | ||
| Q4 24 | $2.87 | $-0.32 | ||
| Q3 24 | $3.15 | $-0.37 | ||
| Q2 24 | $2.54 | $-0.32 | ||
| Q1 24 | $5.28 | $-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 | $4.5B | $394.5M |
| 总资产 | $8.0B | $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LULURBLX
| Q4 25 | — | $3.1B | ||
| Q3 25 | — | $2.9B | ||
| Q2 25 | — | $2.6B | ||
| Q1 25 | — | $2.7B | ||
| Q4 24 | — | $2.4B | ||
| Q3 24 | — | $2.3B | ||
| Q2 24 | — | $2.4B | ||
| Q1 24 | — | $2.4B |
总债务LULURBLX
| Q4 25 | — | $1.2B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益LULURBLX
| Q4 25 | $4.5B | $394.5M | ||
| Q3 25 | $4.4B | $407.6M | ||
| Q2 25 | $4.3B | $353.2M | ||
| Q1 25 | $4.3B | $310.7M | ||
| Q4 24 | $4.0B | $221.4M | ||
| Q3 24 | $4.0B | $189.9M | ||
| Q2 24 | $4.2B | $121.5M | ||
| Q1 24 | $4.2B | $71.6M |
总资产LULURBLX
| Q4 25 | $8.0B | $9.6B | ||
| Q3 25 | $7.5B | $8.6B | ||
| Q2 25 | $7.4B | $7.8B | ||
| Q1 25 | $7.6B | $7.5B | ||
| Q4 24 | $7.1B | $7.2B | ||
| Q3 24 | $6.7B | $6.7B | ||
| Q2 24 | $6.8B | $6.5B | ||
| Q1 24 | $7.1B | $6.3B |
负债/权益比LULURBLX
| 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 | $249.9M | $607.0M |
| 自由现金流经营现金流 - 资本支出 | $82.4M | $308.6M |
| 自由现金流率自由现金流/营收 | 3.2% | 21.8% |
| 资本支出强度资本支出/营收 | 6.5% | 21.1% |
| 现金转化率经营现金流/净利润 | 0.81× | — |
| 过去12个月自由现金流最近4个季度 | $1.1B | $1.4B |
8季度趋势，按日历期对齐
经营现金流LULURBLX
| Q4 25 | $249.9M | $607.0M | ||
| Q3 25 | $328.7M | $546.2M | ||
| Q2 25 | $-119.0M | $199.3M | ||
| Q1 25 | $1.4B | $443.9M | ||
| Q4 24 | $300.7M | $184.5M | ||
| Q3 24 | $443.1M | $247.4M | ||
| Q2 24 | $127.5M | $151.4M | ||
| Q1 24 | $1.4B | $238.9M |
自由现金流LULURBLX
| Q4 25 | $82.4M | $308.6M | ||
| Q3 25 | $150.8M | $443.6M | ||
| Q2 25 | $-271.2M | $176.7M | ||
| Q1 25 | $1.2B | $426.5M | ||
| Q4 24 | $122.2M | $120.6M | ||
| Q3 24 | $298.1M | $218.0M | ||
| Q2 24 | $-3.2M | $111.7M | ||
| Q1 24 | $1.2B | $192.3M |
自由现金流率LULURBLX
| Q4 25 | 3.2% | 21.8% | ||
| Q3 25 | 6.0% | 32.6% | ||
| Q2 25 | -11.4% | 16.3% | ||
| Q1 25 | 32.3% | 41.2% | ||
| Q4 24 | 5.1% | 12.2% | ||
| Q3 24 | 12.6% | 23.7% | ||
| Q2 24 | -0.1% | 12.5% | ||
| Q1 24 | 36.7% | 24.0% |
资本支出强度LULURBLX
| Q4 25 | 6.5% | 21.1% | ||
| Q3 25 | 7.0% | 7.5% | ||
| Q2 25 | 6.4% | 2.1% | ||
| Q1 25 | 6.5% | 1.7% | ||
| Q4 24 | 7.4% | 6.5% | ||
| Q3 24 | 6.1% | 3.2% | ||
| Q2 24 | 5.9% | 4.4% | ||
| Q1 24 | 6.4% | 5.8% |
现金转化率LULURBLX
| Q4 25 | 0.81× | — | ||
| Q3 25 | 0.89× | — | ||
| Q2 25 | -0.38× | — | ||
| Q1 25 | 1.87× | — | ||
| Q4 24 | 0.85× | — | ||
| Q3 24 | 1.13× | — | ||
| Q2 24 | 0.40× | — | ||
| Q1 24 | 2.07× | — |
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
LULU
| Womens Apparel | $1.6B | 64% |
| Mens Apparel | $596.2M | 23% |
| Accessories And Other Categories | $324.7M | 13% |
RBLX
暂无分部数据
