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MUELLER INDUSTRIES INC（MLI）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MUELLER INDUSTRIES INC的1.4倍（$1.4B vs $962.4M），MUELLER INDUSTRIES INC净利率更高（16.0% vs 5.8%，领先10.2%），ROKU, INC同比增速更快（16.1% vs 4.2%），MUELLER INDUSTRIES INC自由现金流更多（$121.4M vs $106.6M），过去两年ROKU, INC的营收复合增速更高（25.8% 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。
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。
MLI vs ROKU — 直观对比
营收规模更大
ROKU
是对方的1.4倍
$962.4M
营收增速更快
ROKU
高出11.9%
4.2%
净利率更高
MLI
高出10.2%
5.8%
自由现金流更多
MLI
多$14.8M
$106.6M
两年增速更快
ROKU
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 | $80.5M |
| 毛利率 | — | 43.5% |
| 营业利润率 | 17.9% | 4.7% |
| 净利率 | 16.0% | 5.8% |
| 营收同比 | 4.2% | 16.1% |
| 净利润同比 | 11.7% | 326.4% |
| 每股收益（稀释后） | $1.37 | $0.55 |
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MLIROKU
| Q4 25 | $962.4M | $1.4B | ||
| Q3 25 | $1.1B | $1.2B | ||
| Q2 25 | $1.1B | $1.1B | ||
| Q1 25 | $1.0B | $1.0B | ||
| Q4 24 | $923.5M | $1.2B | ||
| Q3 24 | $997.8M | $1.1B | ||
| Q2 24 | $997.7M | $968.2M | ||
| Q1 24 | $849.7M | $881.5M |
净利润MLIROKU
| Q4 25 | $153.7M | $80.5M | ||
| Q3 25 | $208.1M | $24.8M | ||
| Q2 25 | $245.9M | $10.5M | ||
| Q1 25 | $157.4M | $-27.4M | ||
| Q4 24 | $137.7M | $-35.5M | ||
| Q3 24 | $168.7M | $-9.0M | ||
| Q2 24 | $160.2M | $-34.0M | ||
| Q1 24 | $138.4M | $-50.9M |
毛利率MLIROKU
| Q4 25 | — | 43.5% | ||
| Q3 25 | — | 43.4% | ||
| Q2 25 | — | 44.8% | ||
| Q1 25 | — | 43.6% | ||
| Q4 24 | — | 42.7% | ||
| Q3 24 | 27.6% | 45.2% | ||
| Q2 24 | 27.3% | 43.9% | ||
| Q1 24 | 28.4% | 44.1% |
营业利润率MLIROKU
| Q4 25 | 17.9% | 4.7% | ||
| Q3 25 | 25.6% | 0.8% | ||
| Q2 25 | 26.7% | -2.1% | ||
| Q1 25 | 20.6% | -5.7% | ||
| Q4 24 | 18.4% | -3.3% | ||
| Q3 24 | 20.7% | -3.4% | ||
| Q2 24 | 21.0% | -7.4% | ||
| Q1 24 | 21.6% | -8.2% |
净利率MLIROKU
| Q4 25 | 16.0% | 5.8% | ||
| Q3 25 | 19.3% | 2.0% | ||
| Q2 25 | 21.6% | 0.9% | ||
| Q1 25 | 15.7% | -2.7% | ||
| Q4 24 | 14.9% | -3.0% | ||
| Q3 24 | 16.9% | -0.9% | ||
| Q2 24 | 16.1% | -3.5% | ||
| Q1 24 | 16.3% | -5.8% |
每股收益（稀释后）MLIROKU
| Q4 25 | $1.37 | $0.55 | ||
| Q3 25 | $1.88 | $0.16 | ||
| Q2 25 | $2.22 | $0.07 | ||
| Q1 25 | $1.39 | $-0.19 | ||
| Q4 24 | $1.21 | $-0.24 | ||
| Q3 24 | $1.48 | $-0.06 | ||
| Q2 24 | $1.41 | $-0.24 | ||
| Q1 24 | $1.21 | $-0.35 |
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 | $2.3B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $3.2B | $2.7B |
| 总资产 | $3.7B | $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MLIROKU
| Q4 25 | $1.4B | $2.3B | ||
| Q3 25 | $1.3B | $2.3B | ||
| Q2 25 | $1.1B | $2.3B | ||
| Q1 25 | $873.6M | $2.3B | ||
| Q4 24 | $1.1B | $2.2B | ||
| Q3 24 | $969.6M | $2.1B | ||
| Q2 24 | $825.7M | $2.1B | ||
| Q1 24 | $1.4B | $2.1B |
股东权益MLIROKU
| Q4 25 | $3.2B | $2.7B | ||
| Q3 25 | $3.1B | $2.6B | ||
| Q2 25 | $2.9B | $2.6B | ||
| Q1 25 | $2.7B | $2.5B | ||
| Q4 24 | $2.8B | $2.5B | ||
| Q3 24 | $2.7B | $2.5B | ||
| Q2 24 | $2.5B | $2.4B | ||
| Q1 24 | $2.4B | $2.4B |
总资产MLIROKU
| Q4 25 | $3.7B | $4.4B | ||
| Q3 25 | $3.7B | $4.4B | ||
| Q2 25 | $3.5B | $4.3B | ||
| Q1 25 | $3.2B | $4.2B | ||
| Q4 24 | $3.3B | $4.3B | ||
| Q3 24 | $3.2B | $4.3B | ||
| Q2 24 | $3.1B | $4.1B | ||
| Q1 24 | $2.9B | $4.2B |
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 | $107.7M |
| 自由现金流经营现金流 - 资本支出 | $121.4M | $106.6M |
| 自由现金流率自由现金流/营收 | 12.6% | 7.6% |
| 资本支出强度资本支出/营收 | 2.1% | 0.1% |
| 现金转化率经营现金流/净利润 | 0.92× | 1.34× |
| 过去12个月自由现金流最近4个季度 | $686.6M | $478.4M |
8季度趋势，按日历期对齐
经营现金流MLIROKU
| Q4 25 | $141.2M | $107.7M | ||
| Q3 25 | $310.1M | $127.6M | ||
| Q2 25 | $190.6M | $109.7M | ||
| Q1 25 | $113.6M | $138.7M | ||
| Q4 24 | $140.1M | $79.3M | ||
| Q3 24 | $231.4M | $68.7M | ||
| Q2 24 | $100.8M | $23.4M | ||
| Q1 24 | $173.6M | $46.7M |
自由现金流MLIROKU
| Q4 25 | $121.4M | $106.6M | ||
| Q3 25 | $291.8M | $126.5M | ||
| Q2 25 | $176.5M | $108.6M | ||
| Q1 25 | $97.0M | $136.8M | ||
| Q4 24 | $111.2M | $76.8M | ||
| Q3 24 | $205.7M | $67.6M | ||
| Q2 24 | $91.6M | $22.5M | ||
| Q1 24 | $157.2M | $46.0M |
自由现金流率MLIROKU
| Q4 25 | 12.6% | 7.6% | ||
| Q3 25 | 27.1% | 10.4% | ||
| Q2 25 | 15.5% | 9.8% | ||
| Q1 25 | 9.7% | 13.4% | ||
| Q4 24 | 12.0% | 6.4% | ||
| Q3 24 | 20.6% | 6.4% | ||
| Q2 24 | 9.2% | 2.3% | ||
| Q1 24 | 18.5% | 5.2% |
资本支出强度MLIROKU
| Q4 25 | 2.1% | 0.1% | ||
| Q3 25 | 1.7% | 0.1% | ||
| Q2 25 | 1.2% | 0.1% | ||
| Q1 25 | 1.7% | 0.2% | ||
| Q4 24 | 3.1% | 0.2% | ||
| Q3 24 | 2.6% | 0.1% | ||
| Q2 24 | 0.9% | 0.1% | ||
| Q1 24 | 1.9% | 0.1% |
现金转化率MLIROKU
| Q4 25 | 0.92× | 1.34× | ||
| Q3 25 | 1.49× | 5.14× | ||
| Q2 25 | 0.78× | 10.45× | ||
| 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% |
ROKU
| Services | $1.2B | 88% |
| Products | $170.9M | 12% |
