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Lumen Technologies, Inc.（LUMN）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
Lumen Technologies, Inc.的季度营收约是罗布乐思的1.9倍（$2.7B vs $1.4B），Lumen Technologies, Inc.净利率更高（-0.1% vs -22.3%，领先22.3%），罗布乐思同比增速更快（43.2% vs -11.0%），罗布乐思自由现金流更多（$308.6M vs $-1.1B），过去两年罗布乐思的营收复合增速更高（32.9% vs -5.3%）
Lumen Technologies是总部位于美国路易斯安那州门罗市的电信企业，依托自有光纤、铜线网络、数据中心及云计算资源，为客户提供网络、安全、云、语音及各类托管通信服务，2023年3月起纳入标普600指数，此前曾为标普500指数成分股。
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。
LUMN vs RBLX — 直观对比
营收规模更大
LUMN
是对方的1.9倍
$1.4B
营收增速更快
RBLX
高出54.2%
-11.0%
净利率更高
LUMN
高出22.3%
-22.3%
自由现金流更多
RBLX
多$1.4B
$-1.1B
两年增速更快
RBLX
近两年复合增速
-5.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.7B | $1.4B |
| 净利润 | $-2.0M | $-316.0M |
| 毛利率 | 40.7% | 77.7% |
| 营业利润率 | -7.3% | -25.3% |
| 净利率 | -0.1% | -22.3% |
| 营收同比 | -11.0% | 43.2% |
| 净利润同比 | -102.4% | -43.9% |
| 每股收益（稀释后） | $-0.01 | $-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LUMNRBLX
| Q4 25 | $2.7B | $1.4B | ||
| Q3 25 | $2.8B | $1.4B | ||
| Q2 25 | $2.9B | $1.1B | ||
| Q1 25 | $2.9B | $1.0B | ||
| Q4 24 | $3.1B | $988.2M | ||
| Q3 24 | $3.0B | $919.0M | ||
| Q2 24 | $3.0B | $893.5M | ||
| Q1 24 | $3.1B | $801.3M |
净利润LUMNRBLX
| Q4 25 | $-2.0M | $-316.0M | ||
| Q3 25 | $-621.0M | $-255.6M | ||
| Q2 25 | $-915.0M | $-278.4M | ||
| Q1 25 | $-201.0M | $-215.1M | ||
| Q4 24 | $85.0M | $-219.6M | ||
| Q3 24 | $-148.0M | $-239.3M | ||
| Q2 24 | $-49.0M | $-205.9M | ||
| Q1 24 | $57.0M | $-270.6M |
毛利率LUMNRBLX
| Q4 25 | 40.7% | 77.7% | ||
| Q3 25 | 39.4% | 78.2% | ||
| Q2 25 | 43.4% | 78.2% | ||
| Q1 25 | 42.0% | 78.3% | ||
| Q4 24 | 44.7% | 77.9% | ||
| Q3 24 | 43.0% | 77.7% | ||
| Q2 24 | 45.2% | 77.8% | ||
| Q1 24 | 46.0% | 77.7% |
营业利润率LUMNRBLX
| Q4 25 | -7.3% | -25.3% | ||
| Q3 25 | -4.1% | -21.8% | ||
| Q2 25 | -21.0% | -29.8% | ||
| Q1 25 | 3.7% | -24.6% | ||
| Q4 24 | 5.0% | -24.7% | ||
| Q3 24 | 4.2% | -30.4% | ||
| Q2 24 | 4.5% | -26.6% | ||
| Q1 24 | 1.5% | -37.7% |
净利率LUMNRBLX
| Q4 25 | -0.1% | -22.3% | ||
| Q3 25 | -22.1% | -18.8% | ||
| Q2 25 | -31.9% | -25.8% | ||
| Q1 25 | -6.9% | -20.8% | ||
| Q4 24 | 2.8% | -22.2% | ||
| Q3 24 | -5.0% | -26.0% | ||
| Q2 24 | -1.6% | -23.0% | ||
| Q1 24 | 1.9% | -33.8% |
每股收益（稀释后）LUMNRBLX
| Q4 25 | $-0.01 | $-0.44 | ||
| Q3 25 | $-0.62 | $-0.37 | ||
| Q2 25 | $-0.92 | $-0.41 | ||
| Q1 25 | $-0.20 | $-0.32 | ||
| Q4 24 | $0.08 | $-0.32 | ||
| Q3 24 | $-0.15 | $-0.37 | ||
| Q2 24 | $-0.05 | $-0.32 | ||
| Q1 24 | $0.06 | $-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 | $1.0B | $3.1B |
| 总债务越低越好 | $17.4B | $1.2B |
| 股东权益账面价值 | $-1.1B | $394.5M |
| 总资产 | $34.3B | $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LUMNRBLX
| Q4 25 | $1.0B | $3.1B | ||
| Q3 25 | $2.4B | $2.9B | ||
| Q2 25 | $1.6B | $2.6B | ||
| Q1 25 | $1.9B | $2.7B | ||
| Q4 24 | $1.9B | $2.4B | ||
| Q3 24 | $2.6B | $2.3B | ||
| Q2 24 | $1.5B | $2.4B | ||
| Q1 24 | $1.6B | $2.4B |
总债务LUMNRBLX
| Q4 25 | $17.4B | $1.2B | ||
| Q3 25 | $17.6B | — | ||
| Q2 25 | $17.6B | — | ||
| Q1 25 | $17.3B | — | ||
| Q4 24 | $17.5B | $1.2B | ||
| Q3 24 | $18.1B | — | ||
| Q2 24 | $18.4B | — | ||
| Q1 24 | $18.6B | — |
股东权益LUMNRBLX
| Q4 25 | $-1.1B | $394.5M | ||
| Q3 25 | $-1.2B | $407.6M | ||
| Q2 25 | $-595.0M | $353.2M | ||
| Q1 25 | $289.0M | $310.7M | ||
| Q4 24 | $464.0M | $221.4M | ||
| Q3 24 | $342.0M | $189.9M | ||
| Q2 24 | $466.0M | $121.5M | ||
| Q1 24 | $504.0M | $71.6M |
总资产LUMNRBLX
| Q4 25 | $34.3B | $9.6B | ||
| Q3 25 | $34.3B | $8.6B | ||
| Q2 25 | $33.0B | $7.8B | ||
| Q1 25 | $33.5B | $7.5B | ||
| Q4 24 | $33.5B | $7.2B | ||
| Q3 24 | $34.0B | $6.7B | ||
| Q2 24 | $32.9B | $6.5B | ||
| Q1 24 | $33.2B | $6.3B |
负债/权益比LUMNRBLX
| Q4 25 | — | 2.98× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 59.98× | — | ||
| Q4 24 | 37.70× | 5.48× | ||
| Q3 24 | 53.05× | — | ||
| Q2 24 | 39.51× | — | ||
| Q1 24 | 36.89× | — |
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 | $562.0M | $607.0M |
| 自由现金流经营现金流 - 资本支出 | $-1.1B | $308.6M |
| 自由现金流率自由现金流/营收 | -39.4% | 21.8% |
| 资本支出强度资本支出/营收 | 59.9% | 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 | $371.0M | $1.4B |
8季度趋势，按日历期对齐
经营现金流LUMNRBLX
| Q4 25 | $562.0M | $607.0M | ||
| Q3 25 | $2.5B | $546.2M | ||
| Q2 25 | $570.0M | $199.3M | ||
| Q1 25 | $1.1B | $443.9M | ||
| Q4 24 | $688.0M | $184.5M | ||
| Q3 24 | $2.0B | $247.4M | ||
| Q2 24 | $511.0M | $151.4M | ||
| Q1 24 | $1.1B | $238.9M |
自由现金流LUMNRBLX
| Q4 25 | $-1.1B | $308.6M | ||
| Q3 25 | $1.5B | $443.6M | ||
| Q2 25 | $-321.0M | $176.7M | ||
| Q1 25 | $304.0M | $426.5M | ||
| Q4 24 | $-227.0M | $120.6M | ||
| Q3 24 | $1.2B | $218.0M | ||
| Q2 24 | $-242.0M | $111.7M | ||
| Q1 24 | $389.0M | $192.3M |
自由现金流率LUMNRBLX
| Q4 25 | -39.4% | 21.8% | ||
| Q3 25 | 52.4% | 32.6% | ||
| Q2 25 | -11.2% | 16.3% | ||
| Q1 25 | 10.4% | 41.2% | ||
| Q4 24 | -7.4% | 12.2% | ||
| Q3 24 | 39.8% | 23.7% | ||
| Q2 24 | -8.0% | 12.5% | ||
| Q1 24 | 12.7% | 24.0% |
资本支出强度LUMNRBLX
| Q4 25 | 59.9% | 21.1% | ||
| Q3 25 | 37.1% | 7.5% | ||
| Q2 25 | 31.1% | 2.1% | ||
| Q1 25 | 27.2% | 1.7% | ||
| Q4 24 | 29.7% | 6.5% | ||
| Q3 24 | 28.6% | 3.2% | ||
| Q2 24 | 25.0% | 4.4% | ||
| Q1 24 | 23.3% | 5.8% |
现金转化率LUMNRBLX
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 8.09× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 19.33× | — |
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
LUMN
| Large Enterprise | $758.0M | 28% |
| Wholesale | $661.0M | 24% |
| Mid Market Enterprise | $472.0M | 17% |
| Fiber Broadband | $232.0M | 8% |
| Other Broadband | $218.0M | 8% |
| Other | $184.0M | 7% |
| Voice And Other | $166.0M | 6% |
| International And Other | $77.0M | 3% |
RBLX
暂无分部数据
