vs
Martin Marietta Materials（MLM）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Martin Marietta Materials的1.2倍（$1.4B vs $1.1B），Martin Marietta Materials净利率更高（24.5% vs -22.3%，领先46.8%），罗布乐思同比增速更快（43.2% vs -30.1%），Martin Marietta Materials自由现金流更多（$424.0M vs $308.6M），过去两年罗布乐思的营收复合增速更高（32.9% vs -4.5%）
马丁·玛丽埃塔材料公司是美国大型集料及重型建筑材料供应商，业务覆盖美国26个州、加拿大及加勒比地区，主要为道路、人行道、地基等各类基建项目提供所需原材料。
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。
MLM 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73.3%
-30.1%
净利率更高
MLM
高出46.8%
-22.3%
自由现金流更多
MLM
多$115.4M
$308.6M
两年增速更快
RBLX
近两年复合增速
-4.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $1.4B |
| 净利润 | $279.0M | $-316.0M |
| 毛利率 | 35.0% | 77.7% |
| 营业利润率 | 24.6% | -25.3% |
| 净利率 | 24.5% | -22.3% |
| 营收同比 | -30.1% | 43.2% |
| 净利润同比 | -4.8% | -43.9% |
| 每股收益（稀释后） | $4.59 | $-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MLMRBLX
| Q4 25 | $1.1B | $1.4B | ||
| Q3 25 | $1.8B | $1.4B | ||
| Q2 25 | $1.8B | $1.1B | ||
| Q1 25 | $1.4B | $1.0B | ||
| Q4 24 | $1.6B | $988.2M | ||
| Q3 24 | $1.9B | $919.0M | ||
| Q2 24 | $1.8B | $893.5M | ||
| Q1 24 | $1.3B | $801.3M |
净利润MLMRBLX
| Q4 25 | $279.0M | $-316.0M | ||
| Q3 25 | $414.0M | $-255.6M | ||
| Q2 25 | $328.0M | $-278.4M | ||
| Q1 25 | $116.0M | $-215.1M | ||
| Q4 24 | $293.0M | $-219.6M | ||
| Q3 24 | $363.0M | $-239.3M | ||
| Q2 24 | $294.0M | $-205.9M | ||
| Q1 24 | $1.0B | $-270.6M |
毛利率MLMRBLX
| Q4 25 | 35.0% | 77.7% | ||
| Q3 25 | 33.1% | 78.2% | ||
| Q2 25 | 30.0% | 78.2% | ||
| Q1 25 | 24.8% | 78.3% | ||
| Q4 24 | 30.0% | 77.9% | ||
| Q3 24 | 31.7% | 77.7% | ||
| Q2 24 | 29.3% | 77.8% | ||
| Q1 24 | 21.7% | 77.7% |
营业利润率MLMRBLX
| Q4 25 | 24.6% | -25.3% | ||
| Q3 25 | 27.4% | -21.8% | ||
| Q2 25 | 25.3% | -29.8% | ||
| Q1 25 | 14.3% | -24.6% | ||
| Q4 24 | 24.4% | -24.7% | ||
| Q3 24 | 25.9% | -30.4% | ||
| Q2 24 | 22.6% | -26.6% | ||
| Q1 24 | — | -37.7% |
净利率MLMRBLX
| Q4 25 | 24.5% | -22.3% | ||
| Q3 25 | 22.4% | -18.8% | ||
| Q2 25 | 18.1% | -25.8% | ||
| Q1 25 | 8.6% | -20.8% | ||
| Q4 24 | 18.0% | -22.2% | ||
| Q3 24 | 19.2% | -26.0% | ||
| Q2 24 | 16.7% | -23.0% | ||
| Q1 24 | 83.5% | -33.8% |
每股收益（稀释后）MLMRBLX
| Q4 25 | $4.59 | $-0.44 | ||
| Q3 25 | $6.85 | $-0.37 | ||
| Q2 25 | $5.43 | $-0.41 | ||
| Q1 25 | $1.90 | $-0.32 | ||
| Q4 24 | $4.87 | $-0.32 | ||
| Q3 24 | $5.91 | $-0.37 | ||
| Q2 24 | $4.76 | $-0.32 | ||
| Q1 24 | $16.87 | $-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 | $67.0M | $3.1B |
| 总债务越低越好 | $5.3B | $1.2B |
| 股东权益账面价值 | $10.0B | $394.5M |
| 总资产 | $18.7B | $9.6B |
| 负债/权益比越低杠杆越低 | 0.53× | 2.98× |
8季度趋势，按日历期对齐
现金及短期投资MLMRBLX
| Q4 25 | $67.0M | $3.1B | ||
| Q3 25 | $57.0M | $2.9B | ||
| Q2 25 | $225.0M | $2.6B | ||
| Q1 25 | $101.0M | $2.7B | ||
| Q4 24 | $670.0M | $2.4B | ||
| Q3 24 | $52.0M | $2.3B | ||
| Q2 24 | $109.0M | $2.4B | ||
| Q1 24 | $2.6B | $2.4B |
总债务MLMRBLX
| Q4 25 | $5.3B | $1.2B | ||
| Q3 25 | $5.5B | — | ||
| Q2 25 | $5.4B | — | ||
| Q1 25 | $5.4B | — | ||
| Q4 24 | $5.4B | $1.2B | ||
| Q3 24 | $4.0B | — | ||
| Q2 24 | $4.3B | — | ||
| Q1 24 | $4.3B | — |
股东权益MLMRBLX
| Q4 25 | $10.0B | $394.5M | ||
| Q3 25 | $9.7B | $407.6M | ||
| Q2 25 | $9.4B | $353.2M | ||
| Q1 25 | $9.1B | $310.7M | ||
| Q4 24 | $9.5B | $221.4M | ||
| Q3 24 | $9.2B | $189.9M | ||
| Q2 24 | $8.8B | $121.5M | ||
| Q1 24 | $8.9B | $71.6M |
总资产MLMRBLX
| Q4 25 | $18.7B | $9.6B | ||
| Q3 25 | $18.7B | $8.6B | ||
| Q2 25 | $18.1B | $7.8B | ||
| Q1 25 | $17.7B | $7.5B | ||
| Q4 24 | $18.2B | $7.2B | ||
| Q3 24 | $16.5B | $6.7B | ||
| Q2 24 | $16.3B | $6.5B | ||
| Q1 24 | $16.2B | $6.3B |
负债/权益比MLMRBLX
| Q4 25 | 0.53× | 2.98× | ||
| Q3 25 | 0.57× | — | ||
| Q2 25 | 0.58× | — | ||
| Q1 25 | 0.60× | — | ||
| Q4 24 | 0.57× | 5.48× | ||
| Q3 24 | 0.44× | — | ||
| Q2 24 | 0.49× | — | ||
| Q1 24 | 0.49× | — |
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 | $629.0M | $607.0M |
| 自由现金流经营现金流 - 资本支出 | $424.0M | $308.6M |
| 自由现金流率自由现金流/营收 | 37.2% | 21.8% |
| 资本支出强度资本支出/营收 | 18.0% | 21.1% |
| 现金转化率经营现金流/净利润 | 2.25× | — |
| 过去12个月自由现金流最近4个季度 | $978.0M | $1.4B |
8季度趋势，按日历期对齐
经营现金流MLMRBLX
| Q4 25 | $629.0M | $607.0M | ||
| Q3 25 | $551.0M | $546.2M | ||
| Q2 25 | $387.0M | $199.3M | ||
| Q1 25 | $218.0M | $443.9M | ||
| Q4 24 | $686.0M | $184.5M | ||
| Q3 24 | $600.0M | $247.4M | ||
| Q2 24 | $1.0M | $151.4M | ||
| Q1 24 | $172.0M | $238.9M |
自由现金流MLMRBLX
| Q4 25 | $424.0M | $308.6M | ||
| Q3 25 | $361.0M | $443.6M | ||
| Q2 25 | $208.0M | $176.7M | ||
| Q1 25 | $-15.0M | $426.5M | ||
| Q4 24 | $453.0M | $120.6M | ||
| Q3 24 | $317.0M | $218.0M | ||
| Q2 24 | $-138.0M | $111.7M | ||
| Q1 24 | $-28.0M | $192.3M |
自由现金流率MLMRBLX
| Q4 25 | 37.2% | 21.8% | ||
| Q3 25 | 19.6% | 32.6% | ||
| Q2 25 | 11.5% | 16.3% | ||
| Q1 25 | -1.1% | 41.2% | ||
| Q4 24 | 27.8% | 12.2% | ||
| Q3 24 | 16.8% | 23.7% | ||
| Q2 24 | -7.8% | 12.5% | ||
| Q1 24 | -2.2% | 24.0% |
资本支出强度MLMRBLX
| Q4 25 | 18.0% | 21.1% | ||
| Q3 25 | 10.3% | 7.5% | ||
| Q2 25 | 9.9% | 2.1% | ||
| Q1 25 | 17.2% | 1.7% | ||
| Q4 24 | 14.3% | 6.5% | ||
| Q3 24 | 15.0% | 3.2% | ||
| Q2 24 | 7.9% | 4.4% | ||
| Q1 24 | 16.0% | 5.8% |
现金转化率MLMRBLX
| Q4 25 | 2.25× | — | ||
| Q3 25 | 1.33× | — | ||
| Q2 25 | 1.18× | — | ||
| Q1 25 | 1.88× | — | ||
| Q4 24 | 2.34× | — | ||
| Q3 24 | 1.65× | — | ||
| Q2 24 | 0.00× | — | ||
| Q1 24 | 0.16× | — |
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
MLM
| Building Materials Business East Group | $774.0M | 68% |
| Building Materials Business West Group | $233.0M | 20% |
| Services | $88.0M | 8% |
| Other | $45.0M | 4% |
RBLX
暂无分部数据
