vs
美泰（MAT）与ROKU, INC（ROKU）财务数据对比。点击上方公司名可切换其他公司
ROKU, INC的季度营收约是美泰的1.6倍（$1.4B vs $862.2M），美泰净利率更高（7.1% vs 5.8%，领先1.3%），ROKU, INC同比增速更快（16.1% vs 4.3%），ROKU, INC自由现金流更多（$106.6M vs $-88.1M），过去两年ROKU, INC的营收复合增速更高（25.8% vs -10.6%）
美泰是美国知名玩具及娱乐企业，旗下影视制作部门美泰影业运营时间为2018年9月6日至2025年6月2日。其前身为2013年10月16日成立的美泰Playground Productions，更早可追溯至美泰娱乐、美泰工作室等集团原有娱乐业务品牌。
Roku是美国流媒体技术企业，2002年由安东尼·伍德创立，主营数字媒体播放器、电视硬件生产，流媒体内容分发及平台广告运营。截至2024年覆盖用户达1.45亿，是美国流媒体视频分发领域的市场领导者，业务覆盖澳、加、法、德、英及拉美多国。
MAT vs ROKU — 直观对比
营收规模更大
ROKU
是对方的1.6倍
$862.2M
营收增速更快
ROKU
高出11.8%
4.3%
净利率更高
MAT
高出1.3%
5.8%
自由现金流更多
ROKU
多$194.7M
$-88.1M
两年增速更快
ROKU
近两年复合增速
-10.6%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $862.2M | $1.4B |
| 净利润 | $61.0M | $80.5M |
| 毛利率 | 44.9% | 43.5% |
| 营业利润率 | — | 4.7% |
| 净利率 | 7.1% | 5.8% |
| 营收同比 | 4.3% | 16.1% |
| 净利润同比 | 251.4% | 326.4% |
| 每股收益（稀释后） | $0.20 | $0.55 |
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MATROKU
| Q1 26 | $862.2M | — | ||
| Q4 25 | $1.8B | $1.4B | ||
| Q3 25 | $1.7B | $1.2B | ||
| Q2 25 | $1.0B | $1.1B | ||
| Q1 25 | $826.6M | $1.0B | ||
| Q4 24 | $1.6B | $1.2B | ||
| Q3 24 | $1.8B | $1.1B | ||
| Q2 24 | $1.1B | $968.2M |
净利润MATROKU
| Q1 26 | $61.0M | — | ||
| Q4 25 | $106.2M | $80.5M | ||
| Q3 25 | $278.4M | $24.8M | ||
| Q2 25 | $53.4M | $10.5M | ||
| Q1 25 | $-40.3M | $-27.4M | ||
| Q4 24 | $140.9M | $-35.5M | ||
| Q3 24 | $372.4M | $-9.0M | ||
| Q2 24 | $56.9M | $-34.0M |
毛利率MATROKU
| Q1 26 | 44.9% | — | ||
| Q4 25 | 45.9% | 43.5% | ||
| Q3 25 | 50.0% | 43.4% | ||
| Q2 25 | 50.9% | 44.8% | ||
| Q1 25 | 49.4% | 43.6% | ||
| Q4 24 | 50.7% | 42.7% | ||
| Q3 24 | 53.1% | 45.2% | ||
| Q2 24 | 49.2% | 43.9% |
营业利润率MATROKU
| Q1 26 | — | — | ||
| Q4 25 | 8.0% | 4.7% | ||
| Q3 25 | 21.9% | 0.8% | ||
| Q2 25 | 7.7% | -2.1% | ||
| Q1 25 | -6.4% | -5.7% | ||
| Q4 24 | 9.6% | -3.3% | ||
| Q3 24 | 26.5% | -3.4% | ||
| Q2 24 | 7.7% | -7.4% |
净利率MATROKU
| Q1 26 | 7.1% | — | ||
| Q4 25 | 6.0% | 5.8% | ||
| Q3 25 | 16.0% | 2.0% | ||
| Q2 25 | 5.2% | 0.9% | ||
| Q1 25 | -4.9% | -2.7% | ||
| Q4 24 | 8.6% | -3.0% | ||
| Q3 24 | 20.2% | -0.9% | ||
| Q2 24 | 5.3% | -3.5% |
每股收益（稀释后）MATROKU
| Q1 26 | $0.20 | — | ||
| Q4 25 | $0.32 | $0.55 | ||
| Q3 25 | $0.88 | $0.16 | ||
| Q2 25 | $0.16 | $0.07 | ||
| Q1 25 | $-0.12 | $-0.19 | ||
| Q4 24 | $0.40 | $-0.24 | ||
| Q3 24 | $1.09 | $-0.06 | ||
| Q2 24 | $0.17 | $-0.24 |
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 | $866.0M | $2.3B |
| 总债务越低越好 | $2.3B | — |
| 股东权益账面价值 | $2.1B | $2.7B |
| 总资产 | $6.3B | $4.4B |
| 负债/权益比越低杠杆越低 | 1.11× | — |
8季度趋势，按日历期对齐
现金及短期投资MATROKU
| Q1 26 | $866.0M | — | ||
| Q4 25 | $1.2B | $2.3B | ||
| Q3 25 | $691.9M | $2.3B | ||
| Q2 25 | $870.5M | $2.3B | ||
| Q1 25 | $1.2B | $2.3B | ||
| Q4 24 | $1.4B | $2.2B | ||
| Q3 24 | $723.5M | $2.1B | ||
| Q2 24 | $722.4M | $2.1B |
总债务MATROKU
| Q1 26 | $2.3B | — | ||
| Q4 25 | $2.3B | — | ||
| Q3 25 | $2.3B | — | ||
| Q2 25 | $2.3B | — | ||
| Q1 25 | $2.3B | — | ||
| Q4 24 | $2.3B | — | ||
| Q3 24 | $2.3B | — | ||
| Q2 24 | $2.3B | — |
股东权益MATROKU
| Q1 26 | $2.1B | — | ||
| Q4 25 | $2.2B | $2.7B | ||
| Q3 25 | $2.3B | $2.6B | ||
| Q2 25 | $2.2B | $2.6B | ||
| Q1 25 | $2.1B | $2.5B | ||
| Q4 24 | $2.3B | $2.5B | ||
| Q3 24 | $2.3B | $2.5B | ||
| Q2 24 | $2.0B | $2.4B |
总资产MATROKU
| Q1 26 | $6.3B | — | ||
| Q4 25 | $6.6B | $4.4B | ||
| Q3 25 | $6.6B | $4.4B | ||
| Q2 25 | $6.2B | $4.3B | ||
| Q1 25 | $6.2B | $4.2B | ||
| Q4 24 | $6.5B | $4.3B | ||
| Q3 24 | $6.5B | $4.3B | ||
| Q2 24 | $5.9B | $4.1B |
负债/权益比MATROKU
| Q1 26 | 1.11× | — | ||
| Q4 25 | 1.04× | — | ||
| Q3 25 | 1.03× | — | ||
| Q2 25 | 1.08× | — | ||
| Q1 25 | 1.10× | — | ||
| Q4 24 | 1.03× | — | ||
| Q3 24 | 1.01× | — | ||
| Q2 24 | 1.18× | — |
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 | — | $107.7M |
| 自由现金流经营现金流 - 资本支出 | $-88.1M | $106.6M |
| 自由现金流率自由现金流/营收 | -10.2% | 7.6% |
| 资本支出强度资本支出/营收 | 7.6% | 0.1% |
| 现金转化率经营现金流/净利润 | — | 1.34× |
| 过去12个月自由现金流最近4个季度 | — | $478.4M |
8季度趋势，按日历期对齐
经营现金流MATROKU
| Q1 26 | — | — | ||
| Q4 25 | $796.6M | $107.7M | ||
| Q3 25 | $72.0M | $127.6M | ||
| Q2 25 | $-300.1M | $109.7M | ||
| Q1 25 | $24.8M | $138.7M | ||
| Q4 24 | $862.1M | $79.3M | ||
| Q3 24 | $155.8M | $68.7M | ||
| Q2 24 | $-252.9M | $23.4M |
自由现金流MATROKU
| Q1 26 | $-88.1M | — | ||
| Q4 25 | — | $106.6M | ||
| Q3 25 | — | $126.5M | ||
| Q2 25 | — | $108.6M | ||
| Q1 25 | — | $136.8M | ||
| Q4 24 | — | $76.8M | ||
| Q3 24 | — | $67.6M | ||
| Q2 24 | — | $22.5M |
自由现金流率MATROKU
| Q1 26 | -10.2% | — | ||
| Q4 25 | — | 7.6% | ||
| Q3 25 | — | 10.4% | ||
| Q2 25 | — | 9.8% | ||
| Q1 25 | — | 13.4% | ||
| Q4 24 | — | 6.4% | ||
| Q3 24 | — | 6.4% | ||
| Q2 24 | — | 2.3% |
资本支出强度MATROKU
| Q1 26 | 7.6% | — | ||
| Q4 25 | — | 0.1% | ||
| Q3 25 | — | 0.1% | ||
| Q2 25 | — | 0.1% | ||
| Q1 25 | — | 0.2% | ||
| Q4 24 | — | 0.2% | ||
| Q3 24 | — | 0.1% | ||
| Q2 24 | — | 0.1% |
现金转化率MATROKU
| Q1 26 | — | — | ||
| Q4 25 | 7.50× | 1.34× | ||
| Q3 25 | 0.26× | 5.14× | ||
| Q2 25 | -5.62× | 10.45× | ||
| Q1 25 | — | — | ||
| Q4 24 | 6.12× | — | ||
| Q3 24 | 0.42× | — | ||
| Q2 24 | -4.45× | — |
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
MAT
暂无分部数据
ROKU
| Services | $1.2B | 88% |
| Products | $170.9M | 12% |
