vs
M/I HOMES, INC.（MHO）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M/I HOMES, INC.的1.2倍（$1.4B vs $1.1B），M/I HOMES, INC.净利率更高（5.6% vs -22.3%，领先27.9%），罗布乐思同比增速更快（43.2% vs -4.8%），罗布乐思自由现金流更多（$308.6M vs $-13.0M），过去两年罗布乐思的营收复合增速更高（32.9% vs 4.7%）
M/I Homes是美国领先的住宅建筑企业，主要设计、建造及销售独栋住宅、联排住宅与复式公寓，业务覆盖美国多州，面向首次置业、改善型及高端置业群体，提供节能住宅产品与个性化定制服务。
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。
MHO vs RBLX — 直观对比
营收规模更大
RBLX
是对方的1.2倍
$1.1B
营收增速更快
RBLX
高出48.0%
-4.8%
净利率更高
MHO
高出27.9%
-22.3%
自由现金流更多
RBLX
多$321.5M
$-13.0M
两年增速更快
RBLX
近两年复合增速
4.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $1.4B |
| 净利润 | $64.0M | $-316.0M |
| 毛利率 | 17.4% | 77.7% |
| 营业利润率 | 6.5% | -25.3% |
| 净利率 | 5.6% | -22.3% |
| 营收同比 | -4.8% | 43.2% |
| 净利润同比 | -52.1% | -43.9% |
| 每股收益（稀释后） | $2.42 | $-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MHORBLX
| Q4 25 | $1.1B | $1.4B | ||
| Q3 25 | $1.1B | $1.4B | ||
| Q2 25 | $1.2B | $1.1B | ||
| Q1 25 | $976.1M | $1.0B | ||
| Q4 24 | $1.2B | $988.2M | ||
| Q3 24 | $1.1B | $919.0M | ||
| Q2 24 | $1.1B | $893.5M | ||
| Q1 24 | $1.0B | $801.3M |
净利润MHORBLX
| Q4 25 | $64.0M | $-316.0M | ||
| Q3 25 | $106.5M | $-255.6M | ||
| Q2 25 | $121.2M | $-278.4M | ||
| Q1 25 | $111.2M | $-215.1M | ||
| Q4 24 | $133.5M | $-219.6M | ||
| Q3 24 | $145.4M | $-239.3M | ||
| Q2 24 | $146.7M | $-205.9M | ||
| Q1 24 | $138.1M | $-270.6M |
毛利率MHORBLX
| Q4 25 | 17.4% | 77.7% | ||
| Q3 25 | 24.5% | 78.2% | ||
| Q2 25 | 24.7% | 78.2% | ||
| Q1 25 | 25.9% | 78.3% | ||
| Q4 24 | 24.6% | 77.9% | ||
| Q3 24 | 27.1% | 77.7% | ||
| Q2 24 | 27.9% | 77.8% | ||
| Q1 24 | 27.1% | 77.7% |
营业利润率MHORBLX
| Q4 25 | 6.5% | -25.3% | ||
| Q3 25 | 12.0% | -21.8% | ||
| Q2 25 | 13.4% | -29.8% | ||
| Q1 25 | 14.4% | -24.6% | ||
| Q4 24 | 13.6% | -24.7% | ||
| Q3 24 | 15.9% | -30.4% | ||
| Q2 24 | 16.8% | -26.6% | ||
| Q1 24 | 16.6% | -37.7% |
净利率MHORBLX
| Q4 25 | 5.6% | -22.3% | ||
| Q3 25 | 9.4% | -18.8% | ||
| Q2 25 | 10.4% | -25.8% | ||
| Q1 25 | 11.4% | -20.8% | ||
| Q4 24 | 11.1% | -22.2% | ||
| Q3 24 | 12.7% | -26.0% | ||
| Q2 24 | 13.2% | -23.0% | ||
| Q1 24 | 13.2% | -33.8% |
每股收益（稀释后）MHORBLX
| Q4 25 | $2.42 | $-0.44 | ||
| Q3 25 | $3.92 | $-0.37 | ||
| Q2 25 | $4.42 | $-0.41 | ||
| Q1 25 | $3.98 | $-0.32 | ||
| Q4 24 | $4.71 | $-0.32 | ||
| Q3 24 | $5.10 | $-0.37 | ||
| Q2 24 | $5.12 | $-0.32 | ||
| Q1 24 | $4.78 | $-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 | — | $1.2B |
| 股东权益账面价值 | $3.2B | $394.5M |
| 总资产 | $4.8B | $9.6B |
| 负债/权益比越低杠杆越低 | — | 2.98× |
8季度趋势，按日历期对齐
现金及短期投资MHORBLX
| 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MHORBLX
| Q4 25 | — | $1.2B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益MHORBLX
| Q4 25 | $3.2B | $394.5M | ||
| Q3 25 | $3.1B | $407.6M | ||
| Q2 25 | $3.1B | $353.2M | ||
| Q1 25 | $3.0B | $310.7M | ||
| Q4 24 | $2.9B | $221.4M | ||
| Q3 24 | $2.8B | $189.9M | ||
| Q2 24 | $2.7B | $121.5M | ||
| Q1 24 | $2.6B | $71.6M |
总资产MHORBLX
| Q4 25 | $4.8B | $9.6B | ||
| Q3 25 | $4.8B | $8.6B | ||
| Q2 25 | $4.7B | $7.8B | ||
| Q1 25 | $4.6B | $7.5B | ||
| Q4 24 | $4.5B | $7.2B | ||
| Q3 24 | $4.5B | $6.7B | ||
| Q2 24 | $4.3B | $6.5B | ||
| Q1 24 | $4.2B | $6.3B |
负债/权益比MHORBLX
| Q4 25 | — | 2.98× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 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 | $-8.7M | $607.0M |
| 自由现金流经营现金流 - 资本支出 | $-13.0M | $308.6M |
| 自由现金流率自由现金流/营收 | -1.1% | 21.8% |
| 资本支出强度资本支出/营收 | 0.4% | 21.1% |
| 现金转化率经营现金流/净利润 | -0.14× | — |
| 过去12个月自由现金流最近4个季度 | $127.7M | $1.4B |
8季度趋势，按日历期对齐
经营现金流MHORBLX
| Q4 25 | $-8.7M | $607.0M | ||
| Q3 25 | $43.4M | $546.2M | ||
| Q2 25 | $37.8M | $199.3M | ||
| Q1 25 | $64.9M | $443.9M | ||
| Q4 24 | $104.4M | $184.5M | ||
| Q3 24 | $-67.9M | $247.4M | ||
| Q2 24 | $27.5M | $151.4M | ||
| Q1 24 | $115.8M | $238.9M |
自由现金流MHORBLX
| Q4 25 | $-13.0M | $308.6M | ||
| Q3 25 | $42.0M | $443.6M | ||
| Q2 25 | $35.1M | $176.7M | ||
| Q1 25 | $63.5M | $426.5M | ||
| Q4 24 | $102.3M | $120.6M | ||
| Q3 24 | $-68.5M | $218.0M | ||
| Q2 24 | $22.0M | $111.7M | ||
| Q1 24 | $115.5M | $192.3M |
自由现金流率MHORBLX
| Q4 25 | -1.1% | 21.8% | ||
| Q3 25 | 3.7% | 32.6% | ||
| Q2 25 | 3.0% | 16.3% | ||
| Q1 25 | 6.5% | 41.2% | ||
| Q4 24 | 8.5% | 12.2% | ||
| Q3 24 | -6.0% | 23.7% | ||
| Q2 24 | 2.0% | 12.5% | ||
| Q1 24 | 11.0% | 24.0% |
资本支出强度MHORBLX
| Q4 25 | 0.4% | 21.1% | ||
| Q3 25 | 0.1% | 7.5% | ||
| Q2 25 | 0.2% | 2.1% | ||
| Q1 25 | 0.1% | 1.7% | ||
| Q4 24 | 0.2% | 6.5% | ||
| Q3 24 | 0.1% | 3.2% | ||
| Q2 24 | 0.5% | 4.4% | ||
| Q1 24 | 0.0% | 5.8% |
现金转化率MHORBLX
| Q4 25 | -0.14× | — | ||
| Q3 25 | 0.41× | — | ||
| Q2 25 | 0.31× | — | ||
| Q1 25 | 0.58× | — | ||
| Q4 24 | 0.78× | — | ||
| Q3 24 | -0.47× | — | ||
| Q2 24 | 0.19× | — | ||
| Q1 24 | 0.84× | — |
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
MHO
| Southern Homebuilding | $615.6M | 54% |
| Northern Homebuilding | $503.9M | 44% |
| Financial Service | $27.8M | 2% |
| Land | $4.7M | 0% |
RBLX
暂无分部数据
