vs
MERCURY GENERAL CORP（MCY）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
MERCURY GENERAL CORP的季度营收约是罗布乐思的1.1倍（$1.5B vs $1.4B），MERCURY GENERAL CORP净利率更高（13.2% vs -22.3%，领先35.5%），罗布乐思同比增速更快（43.2% vs 12.4%），罗布乐思自由现金流更多（$308.6M vs $273.9M），过去两年罗布乐思的营收复合增速更高（32.9% vs 9.8%）
水星通用集团是一家综合性保险机构，业务覆盖个人车险、房主保险、租客保险及商业保险等多个品类，其中车险与房主保险是公司的核心经营板块。
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。
MCY vs RBLX — 直观对比
营收规模更大
MCY
是对方的1.1倍
$1.4B
营收增速更快
RBLX
高出30.8%
12.4%
净利率更高
MCY
高出35.5%
-22.3%
自由现金流更多
RBLX
多$34.7M
$273.9M
两年增速更快
RBLX
近两年复合增速
9.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.5B | $1.4B |
| 净利润 | $202.5M | $-316.0M |
| 毛利率 | 99.7% | 77.7% |
| 营业利润率 | 16.2% | -25.3% |
| 净利率 | 13.2% | -22.3% |
| 营收同比 | 12.4% | 43.2% |
| 净利润同比 | 100.4% | -43.9% |
| 每股收益（稀释后） | $3.66 | $-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MCYRBLX
| Q4 25 | $1.5B | $1.4B | ||
| Q3 25 | $1.6B | $1.4B | ||
| Q2 25 | $1.5B | $1.1B | ||
| Q1 25 | $1.4B | $1.0B | ||
| Q4 24 | $1.4B | $988.2M | ||
| Q3 24 | $1.5B | $919.0M | ||
| Q2 24 | $1.3B | $893.5M | ||
| Q1 24 | $1.3B | $801.3M |
净利润MCYRBLX
| Q4 25 | $202.5M | $-316.0M | ||
| Q3 25 | $280.4M | $-255.6M | ||
| Q2 25 | $166.5M | $-278.4M | ||
| Q1 25 | $-108.3M | $-215.1M | ||
| Q4 24 | $101.1M | $-219.6M | ||
| Q3 24 | $230.9M | $-239.3M | ||
| Q2 24 | $62.6M | $-205.9M | ||
| Q1 24 | $73.5M | $-270.6M |
毛利率MCYRBLX
| Q4 25 | 99.7% | 77.7% | ||
| Q3 25 | 99.8% | 78.2% | ||
| Q2 25 | 99.8% | 78.2% | ||
| Q1 25 | 99.7% | 78.3% | ||
| Q4 24 | 99.7% | 77.9% | ||
| Q3 24 | 99.8% | 77.7% | ||
| Q2 24 | 99.8% | 77.8% | ||
| Q1 24 | 99.7% | 77.7% |
营业利润率MCYRBLX
| Q4 25 | 16.2% | -25.3% | ||
| Q3 25 | 22.1% | -21.8% | ||
| Q2 25 | 14.0% | -29.8% | ||
| Q1 25 | -10.2% | -24.6% | ||
| Q4 24 | 9.0% | -24.7% | ||
| Q3 24 | 18.8% | -30.4% | ||
| Q2 24 | 5.8% | -26.6% | ||
| Q1 24 | 7.0% | -37.7% |
净利率MCYRBLX
| Q4 25 | 13.2% | -22.3% | ||
| Q3 25 | 17.7% | -18.8% | ||
| Q2 25 | 11.3% | -25.8% | ||
| Q1 25 | -7.8% | -20.8% | ||
| Q4 24 | 7.4% | -22.2% | ||
| Q3 24 | 15.1% | -26.0% | ||
| Q2 24 | 4.8% | -23.0% | ||
| Q1 24 | 5.8% | -33.8% |
每股收益（稀释后）MCYRBLX
| Q4 25 | $3.66 | $-0.44 | ||
| Q3 25 | $5.06 | $-0.37 | ||
| Q2 25 | $3.01 | $-0.41 | ||
| Q1 25 | $-1.96 | $-0.32 | ||
| Q4 24 | $1.82 | $-0.32 | ||
| Q3 24 | $4.17 | $-0.37 | ||
| Q2 24 | $1.13 | $-0.32 | ||
| Q1 24 | $1.33 | $-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 | — | $3.1B |
| 总债务越低越好 | $575.0M | $1.2B |
| 股东权益账面价值 | $2.4B | $394.5M |
| 总资产 | $9.6B | $9.6B |
| 负债/权益比越低杠杆越低 | 0.24× | 2.98× |
8季度趋势，按日历期对齐
现金及短期投资MCYRBLX
| Q4 25 | — | $3.1B | ||
| Q3 25 | — | $2.9B | ||
| Q2 25 | — | $2.6B | ||
| Q1 25 | — | $2.7B | ||
| Q4 24 | — | $2.4B | ||
| Q3 24 | — | $2.3B | ||
| Q2 24 | — | $2.4B | ||
| Q1 24 | — | $2.4B |
总债务MCYRBLX
| Q4 25 | $575.0M | $1.2B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $575.0M | $1.2B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益MCYRBLX
| Q4 25 | $2.4B | $394.5M | ||
| Q3 25 | $2.2B | $407.6M | ||
| Q2 25 | $2.0B | $353.2M | ||
| Q1 25 | $1.8B | $310.7M | ||
| Q4 24 | $1.9B | $221.4M | ||
| Q3 24 | $1.9B | $189.9M | ||
| Q2 24 | $1.6B | $121.5M | ||
| Q1 24 | $1.6B | $71.6M |
总资产MCYRBLX
| Q4 25 | $9.6B | $9.6B | ||
| Q3 25 | $9.4B | $8.6B | ||
| Q2 25 | $9.1B | $7.8B | ||
| Q1 25 | $9.0B | $7.5B | ||
| Q4 24 | $8.3B | $7.2B | ||
| Q3 24 | $8.2B | $6.7B | ||
| Q2 24 | $7.7B | $6.5B | ||
| Q1 24 | $7.4B | $6.3B |
负债/权益比MCYRBLX
| Q4 25 | 0.24× | 2.98× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.30× | 5.48× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 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 | $287.9M | $607.0M |
| 自由现金流经营现金流 - 资本支出 | $273.9M | $308.6M |
| 自由现金流率自由现金流/营收 | 17.8% | 21.8% |
| 资本支出强度资本支出/营收 | 0.9% | 21.1% |
| 现金转化率经营现金流/净利润 | 1.42× | — |
| 过去12个月自由现金流最近4个季度 | $1.0B | $1.4B |
8季度趋势，按日历期对齐
经营现金流MCYRBLX
| Q4 25 | $287.9M | $607.0M | ||
| Q3 25 | $496.4M | $546.2M | ||
| Q2 25 | $371.6M | $199.3M | ||
| Q1 25 | $-68.7M | $443.9M | ||
| Q4 24 | $248.3M | $184.5M | ||
| Q3 24 | $318.1M | $247.4M | ||
| Q2 24 | $278.0M | $151.4M | ||
| Q1 24 | $192.6M | $238.9M |
自由现金流MCYRBLX
| Q4 25 | $273.9M | $308.6M | ||
| Q3 25 | $479.5M | $443.6M | ||
| Q2 25 | $357.2M | $176.7M | ||
| Q1 25 | $-81.9M | $426.5M | ||
| Q4 24 | $236.0M | $120.6M | ||
| Q3 24 | $306.2M | $218.0M | ||
| Q2 24 | $266.5M | $111.7M | ||
| Q1 24 | $182.4M | $192.3M |
自由现金流率MCYRBLX
| Q4 25 | 17.8% | 21.8% | ||
| Q3 25 | 30.3% | 32.6% | ||
| Q2 25 | 24.2% | 16.3% | ||
| Q1 25 | -5.9% | 41.2% | ||
| Q4 24 | 17.3% | 12.2% | ||
| Q3 24 | 20.0% | 23.7% | ||
| Q2 24 | 20.4% | 12.5% | ||
| Q1 24 | 14.3% | 24.0% |
资本支出强度MCYRBLX
| Q4 25 | 0.9% | 21.1% | ||
| Q3 25 | 1.1% | 7.5% | ||
| Q2 25 | 1.0% | 2.1% | ||
| Q1 25 | 0.9% | 1.7% | ||
| Q4 24 | 0.9% | 6.5% | ||
| Q3 24 | 0.8% | 3.2% | ||
| Q2 24 | 0.9% | 4.4% | ||
| Q1 24 | 0.8% | 5.8% |
现金转化率MCYRBLX
| Q4 25 | 1.42× | — | ||
| Q3 25 | 1.77× | — | ||
| Q2 25 | 2.23× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 2.46× | — | ||
| Q3 24 | 1.38× | — | ||
| Q2 24 | 4.44× | — | ||
| Q1 24 | 2.62× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
