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玛斯特锁（MBC）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的季度营收约是玛斯特锁的1.9倍（$1.2B vs $644.6M），ROKU, INC净利率更高（-2.2% vs -6.5%，领先4.3%），玛斯特锁同比增速更快（-3.5% vs -18.3%），ROKU, INC自由现金流更多（$298.4M vs $52.5M），过去两年ROKU, INC的营收复合增速更高（13.6% vs 0.5%）
玛斯特锁是美国知名安防产品供应商，1921年由锁匠发明家哈里·索雷夫创立，总部位于威斯康星州奥克里克，主营挂锁、密码锁、保险箱及相关安防产品，现为富俊创新集团旗下子公司，在全球安防锁具领域拥有较高的市场认可度。
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。
MBC vs ROKU — 直观对比
营收规模更大
ROKU
是对方的1.9倍
$644.6M
营收增速更快
MBC
高出14.8%
-18.3%
净利率更高
ROKU
高出4.3%
-6.5%
自由现金流更多
ROKU
多$245.9M
$52.5M
两年增速更快
ROKU
近两年复合增速
0.5%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $644.6M | $1.2B |
| 净利润 | $-42.0M | $-27.4M |
| 毛利率 | 26.0% | 35.6% |
| 营业利润率 | -4.2% | 59.7% |
| 净利率 | -6.5% | -2.2% |
| 营收同比 | -3.5% | -18.3% |
| 净利润同比 | -400.0% | -361.0% |
| 每股收益（稀释后） | $-0.32 | $0.57 |
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MBCROKU
| Q1 26 | — | $1.2B | ||
| Q4 25 | $644.6M | $1.4B | ||
| Q3 25 | $698.9M | $1.2B | ||
| Q2 25 | $730.9M | $1.1B | ||
| Q1 25 | $660.3M | $1.0B | ||
| Q4 24 | $667.7M | $1.2B | ||
| Q3 24 | $718.1M | $1.1B | ||
| Q2 24 | $676.5M | $968.2M |
净利润MBCROKU
| Q1 26 | — | $-27.4M | ||
| Q4 25 | $-42.0M | $80.5M | ||
| Q3 25 | $18.1M | $24.8M | ||
| Q2 25 | $37.3M | $10.5M | ||
| Q1 25 | $13.3M | $-27.4M | ||
| Q4 24 | $14.0M | $-35.5M | ||
| Q3 24 | $29.1M | $-9.0M | ||
| Q2 24 | $45.3M | $-34.0M |
毛利率MBCROKU
| Q1 26 | — | 35.6% | ||
| Q4 25 | 26.0% | 43.5% | ||
| Q3 25 | 31.2% | 43.4% | ||
| Q2 25 | 32.8% | 44.8% | ||
| Q1 25 | 30.6% | 43.6% | ||
| Q4 24 | 30.4% | 42.7% | ||
| Q3 24 | 33.1% | 45.2% | ||
| Q2 24 | 34.1% | 43.9% |
营业利润率MBCROKU
| Q1 26 | — | 59.7% | ||
| Q4 25 | -4.2% | 4.7% | ||
| Q3 25 | 6.0% | 0.8% | ||
| Q2 25 | 9.2% | -2.1% | ||
| Q1 25 | 5.6% | -5.7% | ||
| Q4 24 | 5.6% | -3.3% | ||
| Q3 24 | 8.0% | -3.4% | ||
| Q2 24 | 11.5% | -7.4% |
净利率MBCROKU
| Q1 26 | — | -2.2% | ||
| Q4 25 | -6.5% | 5.8% | ||
| Q3 25 | 2.6% | 2.0% | ||
| Q2 25 | 5.1% | 0.9% | ||
| Q1 25 | 2.0% | -2.7% | ||
| Q4 24 | 2.1% | -3.0% | ||
| Q3 24 | 4.1% | -0.9% | ||
| Q2 24 | 6.7% | -3.5% |
每股收益（稀释后）MBCROKU
| Q1 26 | — | $0.57 | ||
| Q4 25 | $-0.32 | $0.55 | ||
| Q3 25 | $0.14 | $0.16 | ||
| Q2 25 | $0.29 | $0.07 | ||
| Q1 25 | $0.10 | $-0.19 | ||
| Q4 24 | $0.10 | $-0.24 | ||
| Q3 24 | $0.22 | $-0.06 | ||
| Q2 24 | $0.35 | $-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 | $183.3M | $2.4B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.3B | $2.7B |
| 总资产 | $3.1B | $4.4B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资MBCROKU
| Q1 26 | — | $2.4B | ||
| Q4 25 | $183.3M | $2.3B | ||
| Q3 25 | $114.8M | $2.3B | ||
| Q2 25 | $120.1M | $2.3B | ||
| Q1 25 | $113.5M | $2.3B | ||
| Q4 24 | $120.6M | $2.2B | ||
| Q3 24 | $108.4M | $2.1B | ||
| Q2 24 | $189.4M | $2.1B |
总债务MBCROKU
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.0B | — | ||
| Q3 24 | $1.1B | — | ||
| Q2 24 | — | — |
股东权益MBCROKU
| Q1 26 | — | $2.7B | ||
| Q4 25 | $1.3B | $2.7B | ||
| Q3 25 | $1.4B | $2.6B | ||
| Q2 25 | $1.4B | $2.6B | ||
| Q1 25 | $1.3B | $2.5B | ||
| Q4 24 | $1.3B | $2.5B | ||
| Q3 24 | $1.3B | $2.5B | ||
| Q2 24 | $1.3B | $2.4B |
总资产MBCROKU
| Q1 26 | — | $4.4B | ||
| Q4 25 | $3.1B | $4.4B | ||
| Q3 25 | $3.0B | $4.4B | ||
| Q2 25 | $3.0B | $4.3B | ||
| Q1 25 | $3.0B | $4.2B | ||
| Q4 24 | $2.9B | $4.3B | ||
| Q3 24 | $3.0B | $4.3B | ||
| Q2 24 | $2.4B | $4.1B |
负债/权益比MBCROKU
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.79× | — | ||
| Q3 24 | 0.83× | — | ||
| 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 | $86.9M | $199.1M |
| 自由现金流经营现金流 - 资本支出 | $52.5M | $298.4M |
| 自由现金流率自由现金流/营收 | 8.1% | 23.9% |
| 资本支出强度资本支出/营收 | 5.3% | — |
| 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 | $117.5M | $640.0M |
8季度趋势，按日历期对齐
经营现金流MBCROKU
| Q1 26 | — | $199.1M | ||
| Q4 25 | $86.9M | $107.7M | ||
| Q3 25 | $55.4M | $127.6M | ||
| Q2 25 | $84.8M | $109.7M | ||
| Q1 25 | $-31.4M | $138.7M | ||
| Q4 24 | $115.1M | $79.3M | ||
| Q3 24 | $80.8M | $68.7M | ||
| Q2 24 | $77.4M | $23.4M |
自由现金流MBCROKU
| Q1 26 | — | $298.4M | ||
| Q4 25 | $52.5M | $106.6M | ||
| Q3 25 | $39.5M | $126.5M | ||
| Q2 25 | $66.7M | $108.6M | ||
| Q1 25 | $-41.2M | $136.8M | ||
| Q4 24 | $68.8M | $76.8M | ||
| Q3 24 | $64.5M | $67.6M | ||
| Q2 24 | $66.1M | $22.5M |
自由现金流率MBCROKU
| Q1 26 | — | 23.9% | ||
| Q4 25 | 8.1% | 7.6% | ||
| Q3 25 | 5.7% | 10.4% | ||
| Q2 25 | 9.1% | 9.8% | ||
| Q1 25 | -6.2% | 13.4% | ||
| Q4 24 | 10.3% | 6.4% | ||
| Q3 24 | 9.0% | 6.4% | ||
| Q2 24 | 9.8% | 2.3% |
资本支出强度MBCROKU
| Q1 26 | — | — | ||
| Q4 25 | 5.3% | 0.1% | ||
| Q3 25 | 2.3% | 0.1% | ||
| Q2 25 | 2.5% | 0.1% | ||
| Q1 25 | 1.5% | 0.2% | ||
| Q4 24 | 6.9% | 0.2% | ||
| Q3 24 | 2.3% | 0.1% | ||
| Q2 24 | 1.7% | 0.1% |
现金转化率MBCROKU
| Q1 26 | — | — | ||
| Q4 25 | — | 1.34× | ||
| Q3 25 | 3.06× | 5.14× | ||
| Q2 25 | 2.27× | 10.45× | ||
| Q1 25 | -2.36× | — | ||
| Q4 24 | 8.22× | — | ||
| Q3 24 | 2.78× | — | ||
| Q2 24 | 1.71× | — |
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
MBC
| Dealers | $345.7M | 54% |
| Retail | $220.0M | 34% |
| Builders | $78.9M | 12% |
ROKU
| Advertising | $612.7M | 49% |
| Subscriptions | $518.5M | 42% |
| Devices | $117.6M | 9% |
