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MUELLER INDUSTRIES INC（MLI）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MUELLER INDUSTRIES INC的1.5倍（$1.4B vs $962.4M），MUELLER INDUSTRIES INC净利率更高（16.0% vs -22.3%，领先38.3%），罗布乐思同比增速更快（43.2% vs 4.2%），罗布乐思自由现金流更多（$308.6M vs $121.4M），过去两年罗布乐思的营收复合增速更高（32.9% vs 6.4%）
Mueller Industries是美国知名工业制造企业，1917年正式成立，总部坐落于美国田纳西州孟菲斯市，主营管道产品、工业金属及暖通制冷设备，2022年入选《财富》1000强榜单，是年营收达数十亿美元的公开上市企业。
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。
MLI vs RBLX — 直观对比
营收规模更大
RBLX
是对方的1.5倍
$962.4M
营收增速更快
RBLX
高出39.0%
4.2%
净利率更高
MLI
高出38.3%
-22.3%
自由现金流更多
RBLX
多$187.2M
$121.4M
两年增速更快
RBLX
近两年复合增速
6.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $962.4M | $1.4B |
| 净利润 | $153.7M | $-316.0M |
| 毛利率 | — | 77.7% |
| 营业利润率 | 17.9% | -25.3% |
| 净利率 | 16.0% | -22.3% |
| 营收同比 | 4.2% | 43.2% |
| 净利润同比 | 11.7% | -43.9% |
| 每股收益（稀释后） | $1.37 | $-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MLIRBLX
| Q4 25 | $962.4M | $1.4B | ||
| Q3 25 | $1.1B | $1.4B | ||
| Q2 25 | $1.1B | $1.1B | ||
| Q1 25 | $1.0B | $1.0B | ||
| Q4 24 | $923.5M | $988.2M | ||
| Q3 24 | $997.8M | $919.0M | ||
| Q2 24 | $997.7M | $893.5M | ||
| Q1 24 | $849.7M | $801.3M |
净利润MLIRBLX
| Q4 25 | $153.7M | $-316.0M | ||
| Q3 25 | $208.1M | $-255.6M | ||
| Q2 25 | $245.9M | $-278.4M | ||
| Q1 25 | $157.4M | $-215.1M | ||
| Q4 24 | $137.7M | $-219.6M | ||
| Q3 24 | $168.7M | $-239.3M | ||
| Q2 24 | $160.2M | $-205.9M | ||
| Q1 24 | $138.4M | $-270.6M |
毛利率MLIRBLX
| Q4 25 | — | 77.7% | ||
| Q3 25 | — | 78.2% | ||
| Q2 25 | — | 78.2% | ||
| Q1 25 | — | 78.3% | ||
| Q4 24 | — | 77.9% | ||
| Q3 24 | 27.6% | 77.7% | ||
| Q2 24 | 27.3% | 77.8% | ||
| Q1 24 | 28.4% | 77.7% |
营业利润率MLIRBLX
| Q4 25 | 17.9% | -25.3% | ||
| Q3 25 | 25.6% | -21.8% | ||
| Q2 25 | 26.7% | -29.8% | ||
| Q1 25 | 20.6% | -24.6% | ||
| Q4 24 | 18.4% | -24.7% | ||
| Q3 24 | 20.7% | -30.4% | ||
| Q2 24 | 21.0% | -26.6% | ||
| Q1 24 | 21.6% | -37.7% |
净利率MLIRBLX
| Q4 25 | 16.0% | -22.3% | ||
| Q3 25 | 19.3% | -18.8% | ||
| Q2 25 | 21.6% | -25.8% | ||
| Q1 25 | 15.7% | -20.8% | ||
| Q4 24 | 14.9% | -22.2% | ||
| Q3 24 | 16.9% | -26.0% | ||
| Q2 24 | 16.1% | -23.0% | ||
| Q1 24 | 16.3% | -33.8% |
每股收益（稀释后）MLIRBLX
| Q4 25 | $1.37 | $-0.44 | ||
| Q3 25 | $1.88 | $-0.37 | ||
| Q2 25 | $2.22 | $-0.41 | ||
| Q1 25 | $1.39 | $-0.32 | ||
| Q4 24 | $1.21 | $-0.32 | ||
| Q3 24 | $1.48 | $-0.37 | ||
| Q2 24 | $1.41 | $-0.32 | ||
| Q1 24 | $1.21 | $-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 | $1.4B | $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 | $3.7B | $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MLIRBLX
| Q4 25 | $1.4B | $3.1B | ||
| Q3 25 | $1.3B | $2.9B | ||
| Q2 25 | $1.1B | $2.6B | ||
| Q1 25 | $873.6M | $2.7B | ||
| Q4 24 | $1.1B | $2.4B | ||
| Q3 24 | $969.6M | $2.3B | ||
| Q2 24 | $825.7M | $2.4B | ||
| Q1 24 | $1.4B | $2.4B |
总债务MLIRBLX
| Q4 25 | — | $1.2B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益MLIRBLX
| Q4 25 | $3.2B | $394.5M | ||
| Q3 25 | $3.1B | $407.6M | ||
| Q2 25 | $2.9B | $353.2M | ||
| Q1 25 | $2.7B | $310.7M | ||
| Q4 24 | $2.8B | $221.4M | ||
| Q3 24 | $2.7B | $189.9M | ||
| Q2 24 | $2.5B | $121.5M | ||
| Q1 24 | $2.4B | $71.6M |
总资产MLIRBLX
| Q4 25 | $3.7B | $9.6B | ||
| Q3 25 | $3.7B | $8.6B | ||
| Q2 25 | $3.5B | $7.8B | ||
| Q1 25 | $3.2B | $7.5B | ||
| Q4 24 | $3.3B | $7.2B | ||
| Q3 24 | $3.2B | $6.7B | ||
| Q2 24 | $3.1B | $6.5B | ||
| Q1 24 | $2.9B | $6.3B |
负债/权益比MLIRBLX
| 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 | $141.2M | $607.0M |
| 自由现金流经营现金流 - 资本支出 | $121.4M | $308.6M |
| 自由现金流率自由现金流/营收 | 12.6% | 21.8% |
| 资本支出强度资本支出/营收 | 2.1% | 21.1% |
| 现金转化率经营现金流/净利润 | 0.92× | — |
| 过去12个月自由现金流最近4个季度 | $686.6M | $1.4B |
8季度趋势，按日历期对齐
经营现金流MLIRBLX
| Q4 25 | $141.2M | $607.0M | ||
| Q3 25 | $310.1M | $546.2M | ||
| Q2 25 | $190.6M | $199.3M | ||
| Q1 25 | $113.6M | $443.9M | ||
| Q4 24 | $140.1M | $184.5M | ||
| Q3 24 | $231.4M | $247.4M | ||
| Q2 24 | $100.8M | $151.4M | ||
| Q1 24 | $173.6M | $238.9M |
自由现金流MLIRBLX
| Q4 25 | $121.4M | $308.6M | ||
| Q3 25 | $291.8M | $443.6M | ||
| Q2 25 | $176.5M | $176.7M | ||
| Q1 25 | $97.0M | $426.5M | ||
| Q4 24 | $111.2M | $120.6M | ||
| Q3 24 | $205.7M | $218.0M | ||
| Q2 24 | $91.6M | $111.7M | ||
| Q1 24 | $157.2M | $192.3M |
自由现金流率MLIRBLX
| Q4 25 | 12.6% | 21.8% | ||
| Q3 25 | 27.1% | 32.6% | ||
| Q2 25 | 15.5% | 16.3% | ||
| Q1 25 | 9.7% | 41.2% | ||
| Q4 24 | 12.0% | 12.2% | ||
| Q3 24 | 20.6% | 23.7% | ||
| Q2 24 | 9.2% | 12.5% | ||
| Q1 24 | 18.5% | 24.0% |
资本支出强度MLIRBLX
| Q4 25 | 2.1% | 21.1% | ||
| Q3 25 | 1.7% | 7.5% | ||
| Q2 25 | 1.2% | 2.1% | ||
| Q1 25 | 1.7% | 1.7% | ||
| Q4 24 | 3.1% | 6.5% | ||
| Q3 24 | 2.6% | 3.2% | ||
| Q2 24 | 0.9% | 4.4% | ||
| Q1 24 | 1.9% | 5.8% |
现金转化率MLIRBLX
| Q4 25 | 0.92× | — | ||
| Q3 25 | 1.49× | — | ||
| Q2 25 | 0.78× | — | ||
| Q1 25 | 0.72× | — | ||
| Q4 24 | 1.02× | — | ||
| Q3 24 | 1.37× | — | ||
| Q2 24 | 0.63× | — | ||
| Q1 24 | 1.25× | — |
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
MLI
| Tube And Fittings | $484.6M | 50% |
| Industrial Metals | $252.2M | 26% |
| Valves And Plumbing Specialties | $122.5M | 13% |
| Flex Duct And Other HVAC Components | $80.8M | 8% |
| Other Products | $14.9M | 2% |
RBLX
暂无分部数据
