vs
美森（MATX）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
罗布乐思的季度营收约是美森的1.7倍（$1.4B vs $851.9M），美森净利率更高（16.8% vs -22.3%，领先39.1%），罗布乐思同比增速更快（43.2% vs -4.3%），罗布乐思自由现金流更多（$308.6M vs $42.2M），过去两年罗布乐思的营收复合增速更高（32.9% vs 8.6%）
美森公司（Matson, Inc.）是美国知名航运服务企业，总部位于夏威夷州火奴鲁鲁，成立于1882年。旗下子公司美森航运主营跨太平洋海运业务，服务覆盖夏威夷、阿拉斯加、关岛、密克罗尼西亚、太平洋诸岛、中国及日本等地区。
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。
MATX vs RBLX — 直观对比
营收规模更大
RBLX
是对方的1.7倍
$851.9M
营收增速更快
RBLX
高出47.5%
-4.3%
净利率更高
MATX
高出39.1%
-22.3%
自由现金流更多
RBLX
多$266.4M
$42.2M
两年增速更快
RBLX
近两年复合增速
8.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $851.9M | $1.4B |
| 净利润 | $143.1M | $-316.0M |
| 毛利率 | — | 77.7% |
| 营业利润率 | 16.9% | -25.3% |
| 净利率 | 16.8% | -22.3% |
| 营收同比 | -4.3% | 43.2% |
| 净利润同比 | 11.8% | -43.9% |
| 每股收益（稀释后） | $4.47 | $-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MATXRBLX
| Q4 25 | $851.9M | $1.4B | ||
| Q3 25 | $880.1M | $1.4B | ||
| Q2 25 | $830.5M | $1.1B | ||
| Q1 25 | $782.0M | $1.0B | ||
| Q4 24 | $890.3M | $988.2M | ||
| Q3 24 | $962.0M | $919.0M | ||
| Q2 24 | $847.4M | $893.5M | ||
| Q1 24 | $722.1M | $801.3M |
净利润MATXRBLX
| Q4 25 | $143.1M | $-316.0M | ||
| Q3 25 | $134.7M | $-255.6M | ||
| Q2 25 | $94.7M | $-278.4M | ||
| Q1 25 | $72.3M | $-215.1M | ||
| Q4 24 | $128.0M | $-219.6M | ||
| Q3 24 | $199.1M | $-239.3M | ||
| Q2 24 | $113.2M | $-205.9M | ||
| Q1 24 | $36.1M | $-270.6M |
毛利率MATXRBLX
| Q4 25 | — | 77.7% | ||
| Q3 25 | — | 78.2% | ||
| Q2 25 | — | 78.2% | ||
| Q1 25 | — | 78.3% | ||
| Q4 24 | — | 77.9% | ||
| Q3 24 | — | 77.7% | ||
| Q2 24 | — | 77.8% | ||
| Q1 24 | — | 77.7% |
营业利润率MATXRBLX
| Q4 25 | 16.9% | -25.3% | ||
| Q3 25 | 18.3% | -21.8% | ||
| Q2 25 | 13.6% | -29.8% | ||
| Q1 25 | 10.5% | -24.6% | ||
| Q4 24 | 16.6% | -24.7% | ||
| Q3 24 | 25.2% | -30.4% | ||
| Q2 24 | 14.7% | -26.6% | ||
| Q1 24 | 5.1% | -37.7% |
净利率MATXRBLX
| Q4 25 | 16.8% | -22.3% | ||
| Q3 25 | 15.3% | -18.8% | ||
| Q2 25 | 11.4% | -25.8% | ||
| Q1 25 | 9.2% | -20.8% | ||
| Q4 24 | 14.4% | -22.2% | ||
| Q3 24 | 20.7% | -26.0% | ||
| Q2 24 | 13.4% | -23.0% | ||
| Q1 24 | 5.0% | -33.8% |
每股收益（稀释后）MATXRBLX
| Q4 25 | $4.47 | $-0.44 | ||
| Q3 25 | $4.24 | $-0.37 | ||
| Q2 25 | $2.92 | $-0.41 | ||
| Q1 25 | $2.18 | $-0.32 | ||
| Q4 24 | $3.69 | $-0.32 | ||
| Q3 24 | $5.89 | $-0.37 | ||
| Q2 24 | $3.31 | $-0.32 | ||
| Q1 24 | $1.04 | $-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 | $141.9M | $3.1B |
| 总债务越低越好 | $361.2M | $1.2B |
| 股东权益账面价值 | $2.8B | $394.5M |
| 总资产 | $4.6B | $9.6B |
| 负债/权益比越低杠杆越低 | 0.13× | 2.98× |
8季度趋势，按日历期对齐
现金及短期投资MATXRBLX
| Q4 25 | $141.9M | $3.1B | ||
| Q3 25 | $92.7M | $2.9B | ||
| Q2 25 | $59.1M | $2.6B | ||
| Q1 25 | $122.0M | $2.7B | ||
| Q4 24 | $266.8M | $2.4B | ||
| Q3 24 | $270.3M | $2.3B | ||
| Q2 24 | $168.2M | $2.4B | ||
| Q1 24 | $25.9M | $2.4B |
总债务MATXRBLX
| Q4 25 | $361.2M | $1.2B | ||
| Q3 25 | $370.9M | — | ||
| Q2 25 | $341.3M | — | ||
| Q1 25 | $351.1M | — | ||
| Q4 24 | $361.2M | $1.2B | ||
| Q3 24 | $370.9M | — | ||
| Q2 24 | $381.0M | — | ||
| Q1 24 | $390.8M | — |
股东权益MATXRBLX
| Q4 25 | $2.8B | $394.5M | ||
| Q3 25 | $2.7B | $407.6M | ||
| Q2 25 | $2.6B | $353.2M | ||
| Q1 25 | $2.6B | $310.7M | ||
| Q4 24 | $2.7B | $221.4M | ||
| Q3 24 | $2.6B | $189.9M | ||
| Q2 24 | $2.4B | $121.5M | ||
| Q1 24 | $2.4B | $71.6M |
总资产MATXRBLX
| Q4 25 | $4.6B | $9.6B | ||
| Q3 25 | $4.6B | $8.6B | ||
| Q2 25 | $4.5B | $7.8B | ||
| Q1 25 | $4.5B | $7.5B | ||
| Q4 24 | $4.6B | $7.2B | ||
| Q3 24 | $4.4B | $6.7B | ||
| Q2 24 | $4.3B | $6.5B | ||
| Q1 24 | $4.2B | $6.3B |
负债/权益比MATXRBLX
| Q4 25 | 0.13× | 2.98× | ||
| Q3 25 | 0.14× | — | ||
| Q2 25 | 0.13× | — | ||
| Q1 25 | 0.13× | — | ||
| Q4 24 | 0.14× | 5.48× | ||
| Q3 24 | 0.15× | — | ||
| Q2 24 | 0.16× | — | ||
| Q1 24 | 0.16× | — |
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 | $176.9M | $607.0M |
| 自由现金流经营现金流 - 资本支出 | $42.2M | $308.6M |
| 自由现金流率自由现金流/营收 | 5.0% | 21.8% |
| 资本支出强度资本支出/营收 | 15.8% | 21.1% |
| 现金转化率经营现金流/净利润 | 1.24× | — |
| 过去12个月自由现金流最近4个季度 | $153.7M | $1.4B |
8季度趋势，按日历期对齐
经营现金流MATXRBLX
| Q4 25 | $176.9M | $607.0M | ||
| Q3 25 | $175.6M | $546.2M | ||
| Q2 25 | $105.6M | $199.3M | ||
| Q1 25 | $89.0M | $443.9M | ||
| Q4 24 | $174.7M | $184.5M | ||
| Q3 24 | $248.6M | $247.4M | ||
| Q2 24 | $307.9M | $151.4M | ||
| Q1 24 | $36.6M | $238.9M |
自由现金流MATXRBLX
| Q4 25 | $42.2M | $308.6M | ||
| Q3 25 | $92.4M | $443.6M | ||
| Q2 25 | $19.3M | $176.7M | ||
| Q1 25 | $-200.0K | $426.5M | ||
| Q4 24 | $49.3M | $120.6M | ||
| Q3 24 | $189.0M | $218.0M | ||
| Q2 24 | $238.1M | $111.7M | ||
| Q1 24 | $-18.7M | $192.3M |
自由现金流率MATXRBLX
| Q4 25 | 5.0% | 21.8% | ||
| Q3 25 | 10.5% | 32.6% | ||
| Q2 25 | 2.3% | 16.3% | ||
| Q1 25 | -0.0% | 41.2% | ||
| Q4 24 | 5.5% | 12.2% | ||
| Q3 24 | 19.6% | 23.7% | ||
| Q2 24 | 28.1% | 12.5% | ||
| Q1 24 | -2.6% | 24.0% |
资本支出强度MATXRBLX
| Q4 25 | 15.8% | 21.1% | ||
| Q3 25 | 9.5% | 7.5% | ||
| Q2 25 | 10.4% | 2.1% | ||
| Q1 25 | 11.4% | 1.7% | ||
| Q4 24 | 14.1% | 6.5% | ||
| Q3 24 | 6.2% | 3.2% | ||
| Q2 24 | 8.2% | 4.4% | ||
| Q1 24 | 7.7% | 5.8% |
现金转化率MATXRBLX
| Q4 25 | 1.24× | — | ||
| Q3 25 | 1.30× | — | ||
| Q2 25 | 1.12× | — | ||
| Q1 25 | 1.23× | — | ||
| Q4 24 | 1.36× | — | ||
| Q3 24 | 1.25× | — | ||
| Q2 24 | 2.72× | — | ||
| Q1 24 | 1.01× | — |
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
MATX
| Ocean Transportation Segment | $704.2M | 83% |
| Logistics Services Segment | $147.7M | 17% |
RBLX
暂无分部数据
