vs
蓝威斯顿（LW）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
蓝威斯顿的季度营收约是罗布乐思的1.1倍（$1.6B vs $1.4B），蓝威斯顿净利率更高（3.5% vs -22.3%，领先25.8%），罗布乐思同比增速更快（43.2% vs 2.9%），罗布乐思自由现金流更多（$308.6M vs $-36.3M），过去两年罗布乐思的营收复合增速更高（32.9% vs -1.5%）
蓝威斯顿控股是美国食品加工企业，为全球规模最大的冷冻薯条、华夫薯条及其他冷冻马铃薯制品的生产商与加工商之一，总部坐落于爱达荷州博伊西市郊的伊格尔市。
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。
LW vs RBLX — 直观对比
营收规模更大
LW
是对方的1.1倍
$1.4B
营收增速更快
RBLX
高出40.3%
2.9%
净利率更高
LW
高出25.8%
-22.3%
自由现金流更多
RBLX
多$344.9M
$-36.3M
两年增速更快
RBLX
近两年复合增速
-1.5%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.6B | $1.4B |
| 净利润 | $54.0M | $-316.0M |
| 毛利率 | 21.2% | 77.7% |
| 营业利润率 | 8.1% | -25.3% |
| 净利率 | 3.5% | -22.3% |
| 营收同比 | 2.9% | 43.2% |
| 净利润同比 | -63.0% | -43.9% |
| 每股收益（稀释后） | $0.39 | $-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LWRBLX
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.6B | $1.4B | ||
| Q3 25 | $1.7B | $1.4B | ||
| Q2 25 | $1.7B | $1.1B | ||
| Q1 25 | $1.5B | $1.0B | ||
| Q4 24 | $1.6B | $988.2M | ||
| Q3 24 | $1.7B | $919.0M | ||
| Q2 24 | $1.6B | $893.5M |
净利润LWRBLX
| Q1 26 | $54.0M | — | ||
| Q4 25 | $62.1M | $-316.0M | ||
| Q3 25 | $64.3M | $-255.6M | ||
| Q2 25 | $119.9M | $-278.4M | ||
| Q1 25 | $146.0M | $-215.1M | ||
| Q4 24 | $-36.1M | $-219.6M | ||
| Q3 24 | $127.4M | $-239.3M | ||
| Q2 24 | $129.6M | $-205.9M |
毛利率LWRBLX
| Q1 26 | 21.2% | — | ||
| Q4 25 | 20.0% | 77.7% | ||
| Q3 25 | 20.6% | 78.2% | ||
| Q2 25 | 20.4% | 78.2% | ||
| Q1 25 | 27.8% | 78.3% | ||
| Q4 24 | 17.4% | 77.9% | ||
| Q3 24 | 21.5% | 77.7% | ||
| Q2 24 | 24.1% | 77.8% |
营业利润率LWRBLX
| Q1 26 | 8.1% | — | ||
| Q4 25 | 8.6% | -25.3% | ||
| Q3 25 | 9.4% | -21.8% | ||
| Q2 25 | 11.1% | -29.8% | ||
| Q1 25 | 16.4% | -24.6% | ||
| Q4 24 | 1.2% | -24.7% | ||
| Q3 24 | 12.8% | -30.4% | ||
| Q2 24 | 13.2% | -26.6% |
净利率LWRBLX
| Q1 26 | 3.5% | — | ||
| Q4 25 | 3.8% | -22.3% | ||
| Q3 25 | 3.9% | -18.8% | ||
| Q2 25 | 7.2% | -25.8% | ||
| Q1 25 | 9.6% | -20.8% | ||
| Q4 24 | -2.3% | -22.2% | ||
| Q3 24 | 7.7% | -26.0% | ||
| Q2 24 | 8.0% | -23.0% |
每股收益（稀释后）LWRBLX
| Q1 26 | $0.39 | — | ||
| Q4 25 | $0.44 | $-0.44 | ||
| Q3 25 | $0.46 | $-0.37 | ||
| Q2 25 | $0.84 | $-0.41 | ||
| Q1 25 | $1.03 | $-0.32 | ||
| Q4 24 | $-0.25 | $-0.32 | ||
| Q3 24 | $0.88 | $-0.37 | ||
| Q2 24 | $0.89 | $-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 | $57.5M | $3.1B |
| 总债务越低越好 | $3.6B | $1.2B |
| 股东权益账面价值 | $1.8B | $394.5M |
| 总资产 | $7.4B | $9.6B |
| 负债/权益比越低杠杆越低 | 1.99× | 2.98× |
8季度趋势，按日历期对齐
现金及短期投资LWRBLX
| Q1 26 | $57.5M | — | ||
| Q4 25 | $82.7M | $3.1B | ||
| Q3 25 | $98.6M | $2.9B | ||
| Q2 25 | $70.7M | $2.6B | ||
| Q1 25 | $67.5M | $2.7B | ||
| Q4 24 | $79.0M | $2.4B | ||
| Q3 24 | $120.8M | $2.3B | ||
| Q2 24 | $71.4M | $2.4B |
总债务LWRBLX
| Q1 26 | $3.6B | — | ||
| Q4 25 | $3.6B | $1.2B | ||
| Q3 25 | $3.7B | — | ||
| Q2 25 | $3.7B | — | ||
| Q1 25 | $3.7B | — | ||
| Q4 24 | $3.7B | $1.2B | ||
| Q3 24 | $3.4B | — | ||
| Q2 24 | $3.4B | — |
股东权益LWRBLX
| Q1 26 | $1.8B | — | ||
| Q4 25 | $1.8B | $394.5M | ||
| Q3 25 | $1.8B | $407.6M | ||
| Q2 25 | $1.7B | $353.2M | ||
| Q1 25 | $1.6B | $310.7M | ||
| Q4 24 | $1.6B | $221.4M | ||
| Q3 24 | $1.8B | $189.9M | ||
| Q2 24 | $1.8B | $121.5M |
总资产LWRBLX
| Q1 26 | $7.4B | — | ||
| Q4 25 | $7.3B | $9.6B | ||
| Q3 25 | $7.2B | $8.6B | ||
| Q2 25 | $7.4B | $7.8B | ||
| Q1 25 | $7.4B | $7.5B | ||
| Q4 24 | $7.5B | $7.2B | ||
| Q3 24 | $7.5B | $6.7B | ||
| Q2 24 | $7.4B | $6.5B |
负债/权益比LWRBLX
| Q1 26 | 1.99× | — | ||
| Q4 25 | 2.08× | 2.98× | ||
| Q3 25 | 2.05× | — | ||
| Q2 25 | 2.12× | — | ||
| Q1 25 | 2.25× | — | ||
| Q4 24 | 2.26× | 5.48× | ||
| Q3 24 | 1.87× | — | ||
| Q2 24 | 1.92× | — |
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 | $65.2M | $607.0M |
| 自由现金流经营现金流 - 资本支出 | $-36.3M | $308.6M |
| 自由现金流率自由现金流/营收 | -2.3% | 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 | 1.21× | — |
| 过去12个月自由现金流最近4个季度 | $569.2M | $1.4B |
8季度趋势，按日历期对齐
经营现金流LWRBLX
| Q1 26 | $65.2M | — | ||
| Q4 25 | $178.4M | $607.0M | ||
| Q3 25 | $352.0M | $546.2M | ||
| Q2 25 | $868.3M | $199.3M | ||
| Q1 25 | $56.0M | $443.9M | ||
| Q4 24 | $99.1M | $184.5M | ||
| Q3 24 | $330.2M | $247.4M | ||
| Q2 24 | $798.2M | $151.4M |
自由现金流LWRBLX
| Q1 26 | $-36.3M | — | ||
| Q4 25 | $101.0M | $308.6M | ||
| Q3 25 | $274.4M | $443.6M | ||
| Q2 25 | $230.1M | $176.7M | ||
| Q1 25 | $-19.8M | $426.5M | ||
| Q4 24 | $-49.6M | $120.6M | ||
| Q3 24 | $4.3M | $218.0M | ||
| Q2 24 | $-131.3M | $111.7M |
自由现金流率LWRBLX
| Q1 26 | -2.3% | — | ||
| Q4 25 | 6.2% | 21.8% | ||
| Q3 25 | 16.5% | 32.6% | ||
| Q2 25 | 13.7% | 16.3% | ||
| Q1 25 | -1.3% | 41.2% | ||
| Q4 24 | -3.1% | 12.2% | ||
| Q3 24 | 0.3% | 23.7% | ||
| Q2 24 | -8.1% | 12.5% |
资本支出强度LWRBLX
| Q1 26 | 6.5% | — | ||
| Q4 25 | 4.8% | 21.1% | ||
| Q3 25 | 4.7% | 7.5% | ||
| Q2 25 | 38.1% | 2.1% | ||
| Q1 25 | 5.0% | 1.7% | ||
| Q4 24 | 9.3% | 6.5% | ||
| Q3 24 | 19.7% | 3.2% | ||
| Q2 24 | 57.7% | 4.4% |
现金转化率LWRBLX
| Q1 26 | 1.21× | — | ||
| Q4 25 | 2.87× | — | ||
| Q3 25 | 5.47× | — | ||
| Q2 25 | 7.24× | — | ||
| Q1 25 | 0.38× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.59× | — | ||
| Q2 24 | 6.16× | — |
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
LW
| Segments North America | $1.0B | 66% |
| Segments International | $529.8M | 34% |
RBLX
暂无分部数据
