vs
Masco（MAS）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
Masco的季度营收约是罗布乐思的1.4倍（$1.9B vs $1.4B），Masco净利率更高（11.9% vs -22.3%，领先34.2%），罗布乐思同比增速更快（43.2% vs 6.5%），过去两年罗布乐思的营收复合增速更高（32.9% vs -4.2%）
美国家居建材企业Masco主营家装及新建住宅市场相关产品，旗下拥有20余家子公司，在全球运营近80座生产工厂，其中美国本土近60座，海外地区超20座。公司1969年于纽交所挂牌上市，后实现快速增长，成功跻身美国财富500强榜单。
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。
MAS vs RBLX — 直观对比
营收规模更大
MAS
是对方的1.4倍
$1.4B
营收增速更快
RBLX
高出36.7%
6.5%
净利率更高
MAS
高出34.2%
-22.3%
两年增速更快
RBLX
近两年复合增速
-4.2%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.9B | $1.4B |
| 净利润 | $228.0M | $-316.0M |
| 毛利率 | 35.8% | 77.7% |
| 营业利润率 | 16.5% | -25.3% |
| 净利率 | 11.9% | -22.3% |
| 营收同比 | 6.5% | 43.2% |
| 净利润同比 | 14.5% | -43.9% |
| 每股收益（稀释后） | — | $-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MASRBLX
| Q1 26 | $1.9B | — | ||
| Q4 25 | $1.8B | $1.4B | ||
| Q3 25 | $1.9B | $1.4B | ||
| Q2 25 | $2.1B | $1.1B | ||
| Q1 25 | $1.8B | $1.0B | ||
| Q4 24 | $1.8B | $988.2M | ||
| Q3 24 | $2.0B | $919.0M | ||
| Q2 24 | $2.1B | $893.5M |
净利润MASRBLX
| Q1 26 | $228.0M | — | ||
| Q4 25 | $165.0M | $-316.0M | ||
| Q3 25 | $189.0M | $-255.6M | ||
| Q2 25 | $270.0M | $-278.4M | ||
| Q1 25 | $186.0M | $-215.1M | ||
| Q4 24 | $182.0M | $-219.6M | ||
| Q3 24 | $167.0M | $-239.3M | ||
| Q2 24 | $258.0M | $-205.9M |
毛利率MASRBLX
| Q1 26 | 35.8% | — | ||
| Q4 25 | 33.9% | 77.7% | ||
| Q3 25 | 34.2% | 78.2% | ||
| Q2 25 | 37.6% | 78.2% | ||
| Q1 25 | 35.8% | 78.3% | ||
| Q4 24 | 34.8% | 77.9% | ||
| Q3 24 | 36.6% | 77.7% | ||
| Q2 24 | 37.5% | 77.8% |
营业利润率MASRBLX
| Q1 26 | 16.5% | — | ||
| Q4 25 | 13.8% | -25.3% | ||
| Q3 25 | 15.8% | -21.8% | ||
| Q2 25 | 20.1% | -29.8% | ||
| Q1 25 | 15.9% | -24.6% | ||
| Q4 24 | 15.9% | -24.7% | ||
| Q3 24 | 18.0% | -30.4% | ||
| Q2 24 | 19.0% | -26.6% |
净利率MASRBLX
| Q1 26 | 11.9% | — | ||
| Q4 25 | 9.2% | -22.3% | ||
| Q3 25 | 9.9% | -18.8% | ||
| Q2 25 | 13.2% | -25.8% | ||
| Q1 25 | 10.3% | -20.8% | ||
| Q4 24 | 10.0% | -22.2% | ||
| Q3 24 | 8.4% | -26.0% | ||
| Q2 24 | 12.3% | -23.0% |
每股收益（稀释后）MASRBLX
| Q1 26 | — | — | ||
| Q4 25 | $0.81 | $-0.44 | ||
| Q3 25 | $0.90 | $-0.37 | ||
| Q2 25 | $1.28 | $-0.41 | ||
| Q1 25 | $0.87 | $-0.32 | ||
| Q4 24 | $0.85 | $-0.32 | ||
| Q3 24 | $0.77 | $-0.37 | ||
| Q2 24 | $1.17 | $-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 | — | $3.1B |
| 总债务越低越好 | $2.9B | $1.2B |
| 股东权益账面价值 | $27.0M | $394.5M |
| 总资产 | $5.2B | $9.6B |
| 负债/权益比越低杠杆越低 | 109.07× | 2.98× |
8季度趋势，按日历期对齐
现金及短期投资MASRBLX
| Q1 26 | — | — | ||
| Q4 25 | $647.0M | $3.1B | ||
| Q3 25 | $559.0M | $2.9B | ||
| Q2 25 | $390.0M | $2.6B | ||
| Q1 25 | $377.0M | $2.7B | ||
| Q4 24 | $634.0M | $2.4B | ||
| Q3 24 | $646.0M | $2.3B | ||
| Q2 24 | $398.0M | $2.4B |
总债务MASRBLX
| Q1 26 | $2.9B | — | ||
| Q4 25 | $2.9B | $1.2B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $2.9B | $1.2B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益MASRBLX
| Q1 26 | $27.0M | — | ||
| Q4 25 | $-185.0M | $394.5M | ||
| Q3 25 | $-78.0M | $407.6M | ||
| Q2 25 | $-84.0M | $353.2M | ||
| Q1 25 | $-254.0M | $310.7M | ||
| Q4 24 | $-279.0M | $221.4M | ||
| Q3 24 | $-88.0M | $189.9M | ||
| Q2 24 | $-26.0M | $121.5M |
总资产MASRBLX
| Q1 26 | $5.2B | — | ||
| Q4 25 | $5.2B | $9.6B | ||
| Q3 25 | $5.3B | $8.6B | ||
| Q2 25 | $5.3B | $7.8B | ||
| Q1 25 | $5.1B | $7.5B | ||
| Q4 24 | $5.0B | $7.2B | ||
| Q3 24 | $5.3B | $6.7B | ||
| Q2 24 | $5.4B | $6.5B |
负债/权益比MASRBLX
| Q1 26 | 109.07× | — | ||
| Q4 25 | — | 2.98× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 5.48× | ||
| Q3 24 | — | — | ||
| Q2 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 | — | $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 | 1.8% | 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MASRBLX
| Q1 26 | — | — | ||
| Q4 25 | $418.0M | $607.0M | ||
| Q3 25 | $456.0M | $546.2M | ||
| Q2 25 | $306.0M | $199.3M | ||
| Q1 25 | $-158.0M | $443.9M | ||
| Q4 24 | $407.0M | $184.5M | ||
| Q3 24 | $416.0M | $247.4M | ||
| Q2 24 | $346.0M | $151.4M |
自由现金流MASRBLX
| Q1 26 | — | — | ||
| Q4 25 | $371.0M | $308.6M | ||
| Q3 25 | $415.0M | $443.6M | ||
| Q2 25 | $270.0M | $176.7M | ||
| Q1 25 | $-190.0M | $426.5M | ||
| Q4 24 | $351.0M | $120.6M | ||
| Q3 24 | $378.0M | $218.0M | ||
| Q2 24 | $303.0M | $111.7M |
自由现金流率MASRBLX
| Q1 26 | — | — | ||
| Q4 25 | 20.7% | 21.8% | ||
| Q3 25 | 21.6% | 32.6% | ||
| Q2 25 | 13.2% | 16.3% | ||
| Q1 25 | -10.5% | 41.2% | ||
| Q4 24 | 19.2% | 12.2% | ||
| Q3 24 | 19.1% | 23.7% | ||
| Q2 24 | 14.5% | 12.5% |
资本支出强度MASRBLX
| Q1 26 | 1.8% | — | ||
| Q4 25 | 2.6% | 21.1% | ||
| Q3 25 | 2.1% | 7.5% | ||
| Q2 25 | 1.8% | 2.1% | ||
| Q1 25 | 1.8% | 1.7% | ||
| Q4 24 | 3.1% | 6.5% | ||
| Q3 24 | 1.9% | 3.2% | ||
| Q2 24 | 2.1% | 4.4% |
现金转化率MASRBLX
| Q1 26 | — | — | ||
| Q4 25 | 2.53× | — | ||
| Q3 25 | 2.41× | — | ||
| Q2 25 | 1.13× | — | ||
| Q1 25 | -0.85× | — | ||
| Q4 24 | 2.24× | — | ||
| Q3 24 | 2.49× | — | ||
| Q2 24 | 1.34× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
