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MIDDLEBY Corp（MIDD）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MIDDLEBY Corp的1.6倍（$1.4B vs $866.4M），MIDDLEBY Corp净利率更高（4.3% vs -22.3%，领先26.6%），罗布乐思同比增速更快（43.2% vs -30.6%），罗布乐思自由现金流更多（$308.6M vs $165.5M），过去两年罗布乐思的营收复合增速更高（32.9% vs -3.3%）
美国Middleby公司是总部位于伊利诺伊州埃尔金的上市企业，主营商用烹饪设备、工业加工设备及民用家电，其商用烹饪设备业务覆盖美国及全球前100家餐饮连锁品牌中的97家，是全球餐饮设备领域的领先供应商。
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。
MIDD vs RBLX — 直观对比
营收规模更大
RBLX
是对方的1.6倍
$866.4M
营收增速更快
RBLX
高出73.7%
-30.6%
净利率更高
MIDD
高出26.6%
-22.3%
自由现金流更多
RBLX
多$143.1M
$165.5M
两年增速更快
RBLX
近两年复合增速
-3.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $866.4M | $1.4B |
| 净利润 | $36.9M | $-316.0M |
| 毛利率 | 38.8% | 77.7% |
| 营业利润率 | 17.3% | -25.3% |
| 净利率 | 4.3% | -22.3% |
| 营收同比 | -30.6% | 43.2% |
| 净利润同比 | -67.1% | -43.9% |
| 每股收益（稀释后） | $0.74 | $-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MIDDRBLX
| Q4 25 | $866.4M | $1.4B | ||
| Q3 25 | $982.1M | $1.4B | ||
| Q2 25 | $977.9M | $1.1B | ||
| Q1 25 | $906.6M | $1.0B | ||
| Q4 24 | $1.0B | $988.2M | ||
| Q3 24 | $942.8M | $919.0M | ||
| Q2 24 | $991.5M | $893.5M | ||
| Q1 24 | $926.9M | $801.3M |
净利润MIDDRBLX
| Q4 25 | $36.9M | $-316.0M | ||
| Q3 25 | $-513.0M | $-255.6M | ||
| Q2 25 | $106.0M | $-278.4M | ||
| Q1 25 | $92.4M | $-215.1M | ||
| Q4 24 | $112.3M | $-219.6M | ||
| Q3 24 | $114.2M | $-239.3M | ||
| Q2 24 | $115.4M | $-205.9M | ||
| Q1 24 | $86.6M | $-270.6M |
毛利率MIDDRBLX
| Q4 25 | 38.8% | 77.7% | ||
| Q3 25 | 36.8% | 78.2% | ||
| Q2 25 | 38.0% | 78.2% | ||
| Q1 25 | 38.2% | 78.3% | ||
| Q4 24 | 38.4% | 77.9% | ||
| Q3 24 | 37.7% | 77.7% | ||
| Q2 24 | 38.3% | 77.8% | ||
| Q1 24 | 37.4% | 77.7% |
营业利润率MIDDRBLX
| Q4 25 | 17.3% | -25.3% | ||
| Q3 25 | -56.4% | -21.8% | ||
| Q2 25 | 15.9% | -29.8% | ||
| Q1 25 | 15.5% | -24.6% | ||
| Q4 24 | 16.8% | -24.7% | ||
| Q3 24 | 18.4% | -30.4% | ||
| Q2 24 | 17.7% | -26.6% | ||
| Q1 24 | 14.8% | -37.7% |
净利率MIDDRBLX
| Q4 25 | 4.3% | -22.3% | ||
| Q3 25 | -52.2% | -18.8% | ||
| Q2 25 | 10.8% | -25.8% | ||
| Q1 25 | 10.2% | -20.8% | ||
| Q4 24 | 11.1% | -22.2% | ||
| Q3 24 | 12.1% | -26.0% | ||
| Q2 24 | 11.6% | -23.0% | ||
| Q1 24 | 9.3% | -33.8% |
每股收益（稀释后）MIDDRBLX
| Q4 25 | $0.74 | $-0.44 | ||
| Q3 25 | $-10.15 | $-0.37 | ||
| Q2 25 | $1.99 | $-0.41 | ||
| Q1 25 | $1.69 | $-0.32 | ||
| Q4 24 | $2.07 | $-0.32 | ||
| Q3 24 | $2.11 | $-0.37 | ||
| Q2 24 | $2.13 | $-0.32 | ||
| Q1 24 | $1.59 | $-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 | $222.2M | $3.1B |
| 总债务越低越好 | $2.2B | $1.2B |
| 股东权益账面价值 | $2.8B | $394.5M |
| 总资产 | $6.3B | $9.6B |
| 负债/权益比越低杠杆越低 | 0.78× | 2.98× |
8季度趋势，按日历期对齐
现金及短期投资MIDDRBLX
| Q4 25 | $222.2M | $3.1B | ||
| Q3 25 | $175.1M | $2.9B | ||
| Q2 25 | $511.5M | $2.6B | ||
| Q1 25 | $745.1M | $2.7B | ||
| Q4 24 | $689.5M | $2.4B | ||
| Q3 24 | $606.0M | $2.3B | ||
| Q2 24 | $459.5M | $2.4B | ||
| Q1 24 | $341.0M | $2.4B |
总债务MIDDRBLX
| Q4 25 | $2.2B | $1.2B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $2.4B | $1.2B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益MIDDRBLX
| Q4 25 | $2.8B | $394.5M | ||
| Q3 25 | $2.9B | $407.6M | ||
| Q2 25 | $3.6B | $353.2M | ||
| Q1 25 | $3.7B | $310.7M | ||
| Q4 24 | $3.6B | $221.4M | ||
| Q3 24 | $3.6B | $189.9M | ||
| Q2 24 | $3.4B | $121.5M | ||
| Q1 24 | $3.3B | $71.6M |
总资产MIDDRBLX
| Q4 25 | $6.3B | $9.6B | ||
| Q3 25 | $6.4B | $8.6B | ||
| Q2 25 | $7.3B | $7.8B | ||
| Q1 25 | $7.4B | $7.5B | ||
| Q4 24 | $7.3B | $7.2B | ||
| Q3 24 | $7.2B | $6.7B | ||
| Q2 24 | $7.0B | $6.5B | ||
| Q1 24 | $6.9B | $6.3B |
负债/权益比MIDDRBLX
| Q4 25 | 0.78× | 2.98× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.66× | 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 | — | $607.0M |
| 自由现金流经营现金流 - 资本支出 | $165.5M | $308.6M |
| 自由现金流率自由现金流/营收 | 19.1% | 21.8% |
| 资本支出强度资本支出/营收 | 1.5% | 21.1% |
| 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 | $530.1M | $1.4B |
8季度趋势，按日历期对齐
经营现金流MIDDRBLX
| Q4 25 | — | $607.0M | ||
| Q3 25 | $176.3M | $546.2M | ||
| Q2 25 | $122.0M | $199.3M | ||
| Q1 25 | $141.1M | $443.9M | ||
| Q4 24 | $239.7M | $184.5M | ||
| Q3 24 | $156.7M | $247.4M | ||
| Q2 24 | $149.5M | $151.4M | ||
| Q1 24 | $140.9M | $238.9M |
自由现金流MIDDRBLX
| Q4 25 | $165.5M | $308.6M | ||
| Q3 25 | $156.1M | $443.6M | ||
| Q2 25 | $101.1M | $176.7M | ||
| Q1 25 | $107.4M | $426.5M | ||
| Q4 24 | $226.6M | $120.6M | ||
| Q3 24 | $145.2M | $218.0M | ||
| Q2 24 | $138.6M | $111.7M | ||
| Q1 24 | $127.2M | $192.3M |
自由现金流率MIDDRBLX
| Q4 25 | 19.1% | 21.8% | ||
| Q3 25 | 15.9% | 32.6% | ||
| Q2 25 | 10.3% | 16.3% | ||
| Q1 25 | 11.8% | 41.2% | ||
| Q4 24 | 22.3% | 12.2% | ||
| Q3 24 | 15.4% | 23.7% | ||
| Q2 24 | 14.0% | 12.5% | ||
| Q1 24 | 13.7% | 24.0% |
资本支出强度MIDDRBLX
| Q4 25 | 1.5% | 21.1% | ||
| Q3 25 | 2.1% | 7.5% | ||
| Q2 25 | 2.1% | 2.1% | ||
| Q1 25 | 3.7% | 1.7% | ||
| Q4 24 | 1.3% | 6.5% | ||
| Q3 24 | 1.2% | 3.2% | ||
| Q2 24 | 1.1% | 4.4% | ||
| Q1 24 | 1.5% | 5.8% |
现金转化率MIDDRBLX
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 1.15× | — | ||
| Q1 25 | 1.53× | — | ||
| Q4 24 | 2.13× | — | ||
| Q3 24 | 1.37× | — | ||
| Q2 24 | 1.30× | — | ||
| Q1 24 | 1.63× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
