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MAXIMUS, INC.（MMS）与ROKU, INC（ROKU）财务数据对比。点击上方公司名可切换其他公司
MAXIMUS, INC.的季度营收约是ROKU, INC的1.1倍（$1.3B vs $1.2B），MAXIMUS, INC.净利率更高（7.0% vs -2.2%，领先9.2%），MAXIMUS, INC.同比增速更快（-4.1% vs -18.3%），ROKU, INC自由现金流更多（$298.4M vs $-250.7M），过去两年ROKU, INC的营收复合增速更高（13.6% vs -0.1%）
MAXIMUS是美国一家政府服务企业，业务覆盖美国、加拿大、英国等国家，为医疗补助、联邦医疗保险、医改、就业帮扶、学生贷款服务等各类政府项目提供行政及配套服务。公司总部位于弗吉尼亚州泰森斯，现有员工3.96万名，2024财年营收达53亿美元。
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。
MMS vs ROKU — 直观对比
营收规模更大
MMS
是对方的1.1倍
$1.2B
营收增速更快
MMS
高出14.2%
-18.3%
净利率更高
MMS
高出9.2%
-2.2%
自由现金流更多
ROKU
多$549.1M
$-250.7M
两年增速更快
ROKU
近两年复合增速
-0.1%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $1.2B |
| 净利润 | $93.9M | $-27.4M |
| 毛利率 | 23.7% | 35.6% |
| 营业利润率 | 10.9% | 59.7% |
| 净利率 | 7.0% | -2.2% |
| 营收同比 | -4.1% | -18.3% |
| 净利润同比 | 128.0% | -361.0% |
| 每股收益（稀释后） | $1.70 | $0.57 |
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MMSROKU
| Q1 26 | — | $1.2B | ||
| Q4 25 | $1.3B | $1.4B | ||
| Q3 25 | $1.3B | $1.2B | ||
| Q2 25 | $1.3B | $1.1B | ||
| Q1 25 | $1.4B | $1.0B | ||
| Q4 24 | $1.4B | $1.2B | ||
| Q3 24 | $1.3B | $1.1B | ||
| Q2 24 | $1.3B | $968.2M |
净利润MMSROKU
| Q1 26 | — | $-27.4M | ||
| Q4 25 | $93.9M | $80.5M | ||
| Q3 25 | $75.3M | $24.8M | ||
| Q2 25 | $106.0M | $10.5M | ||
| Q1 25 | $96.6M | $-27.4M | ||
| Q4 24 | $41.2M | $-35.5M | ||
| Q3 24 | $72.5M | $-9.0M | ||
| Q2 24 | $89.8M | $-34.0M |
毛利率MMSROKU
| Q1 26 | — | 35.6% | ||
| Q4 25 | 23.7% | 43.5% | ||
| Q3 25 | 25.3% | 43.4% | ||
| Q2 25 | 26.7% | 44.8% | ||
| Q1 25 | 24.9% | 43.6% | ||
| Q4 24 | 21.5% | 42.7% | ||
| Q3 24 | 22.9% | 45.2% | ||
| Q2 24 | 25.3% | 43.9% |
营业利润率MMSROKU
| Q1 26 | — | 59.7% | ||
| Q4 25 | 10.9% | 4.7% | ||
| Q3 25 | 9.3% | 0.8% | ||
| Q2 25 | 12.3% | -2.1% | ||
| Q1 25 | 11.2% | -5.7% | ||
| Q4 24 | 6.2% | -3.3% | ||
| Q3 24 | 8.5% | -3.4% | ||
| Q2 24 | 10.8% | -7.4% |
净利率MMSROKU
| Q1 26 | — | -2.2% | ||
| Q4 25 | 7.0% | 5.8% | ||
| Q3 25 | 5.7% | 2.0% | ||
| Q2 25 | 7.9% | 0.9% | ||
| Q1 25 | 7.1% | -2.7% | ||
| Q4 24 | 2.9% | -3.0% | ||
| Q3 24 | 5.5% | -0.9% | ||
| Q2 24 | 6.8% | -3.5% |
每股收益（稀释后）MMSROKU
| Q1 26 | — | $0.57 | ||
| Q4 25 | $1.70 | $0.55 | ||
| Q3 25 | $1.27 | $0.16 | ||
| Q2 25 | $1.86 | $0.07 | ||
| Q1 25 | $1.69 | $-0.19 | ||
| Q4 24 | $0.69 | $-0.24 | ||
| Q3 24 | $1.18 | $-0.06 | ||
| Q2 24 | $1.46 | $-0.24 |
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 | $137.6M | $2.4B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.7B | $2.7B |
| 总资产 | $4.2B | $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MMSROKU
| Q1 26 | — | $2.4B | ||
| Q4 25 | $137.6M | $2.3B | ||
| Q3 25 | $222.4M | $2.3B | ||
| Q2 25 | $59.8M | $2.3B | ||
| Q1 25 | $108.1M | $2.3B | ||
| Q4 24 | $72.7M | $2.2B | ||
| Q3 24 | $183.1M | $2.1B | ||
| Q2 24 | $102.8M | $2.1B |
股东权益MMSROKU
| Q1 26 | — | $2.7B | ||
| Q4 25 | $1.7B | $2.7B | ||
| Q3 25 | $1.7B | $2.6B | ||
| Q2 25 | $1.8B | $2.6B | ||
| Q1 25 | $1.7B | $2.5B | ||
| Q4 24 | $1.6B | $2.5B | ||
| Q3 24 | $1.8B | $2.5B | ||
| Q2 24 | $1.8B | $2.4B |
总资产MMSROKU
| Q1 26 | — | $4.4B | ||
| Q4 25 | $4.2B | $4.4B | ||
| Q3 25 | $4.1B | $4.4B | ||
| Q2 25 | $4.5B | $4.3B | ||
| Q1 25 | $4.2B | $4.2B | ||
| Q4 24 | $4.1B | $4.3B | ||
| Q3 24 | $4.1B | $4.3B | ||
| Q2 24 | $4.0B | $4.1B |
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 | $-244.4M | $199.1M |
| 自由现金流经营现金流 - 资本支出 | $-250.7M | $298.4M |
| 自由现金流率自由现金流/营收 | -18.6% | 23.9% |
| 资本支出强度资本支出/营收 | 0.5% | — |
| 现金转化率经营现金流/净利润 | -2.60× | — |
| 过去12个月自由现金流最近4个季度 | $218.5M | $640.0M |
8季度趋势，按日历期对齐
经营现金流MMSROKU
| Q1 26 | — | $199.1M | ||
| Q4 25 | $-244.4M | $107.7M | ||
| Q3 25 | $649.4M | $127.6M | ||
| Q2 25 | $-182.7M | $109.7M | ||
| Q1 25 | $42.7M | $138.7M | ||
| Q4 24 | $-80.0M | $79.3M | ||
| Q3 24 | $163.8M | $68.7M | ||
| Q2 24 | $199.3M | $23.4M |
自由现金流MMSROKU
| Q1 26 | — | $298.4M | ||
| Q4 25 | $-250.7M | $106.6M | ||
| Q3 25 | $641.8M | $126.5M | ||
| Q2 25 | $-198.2M | $108.6M | ||
| Q1 25 | $25.5M | $136.8M | ||
| Q4 24 | $-103.0M | $76.8M | ||
| Q3 24 | $131.9M | $67.6M | ||
| Q2 24 | $164.6M | $22.5M |
自由现金流率MMSROKU
| Q1 26 | — | 23.9% | ||
| Q4 25 | -18.6% | 7.6% | ||
| Q3 25 | 48.7% | 10.4% | ||
| Q2 25 | -14.7% | 9.8% | ||
| Q1 25 | 1.9% | 13.4% | ||
| Q4 24 | -7.3% | 6.4% | ||
| Q3 24 | 10.0% | 6.4% | ||
| Q2 24 | 12.5% | 2.3% |
资本支出强度MMSROKU
| Q1 26 | — | — | ||
| Q4 25 | 0.5% | 0.1% | ||
| Q3 25 | 0.6% | 0.1% | ||
| Q2 25 | 1.1% | 0.1% | ||
| Q1 25 | 1.3% | 0.2% | ||
| Q4 24 | 1.6% | 0.2% | ||
| Q3 24 | 2.4% | 0.1% | ||
| Q2 24 | 2.6% | 0.1% |
现金转化率MMSROKU
| Q1 26 | — | — | ||
| Q4 25 | -2.60× | 1.34× | ||
| Q3 25 | 8.63× | 5.14× | ||
| Q2 25 | -1.72× | 10.45× | ||
| Q1 25 | 0.44× | — | ||
| Q4 24 | -1.94× | — | ||
| Q3 24 | 2.26× | — | ||
| Q2 24 | 2.22× | — |
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
MMS
| Clinical Services | $523.7M | 39% |
| Cost Plus Contracts | $386.4M | 29% |
| Outside The United States | $143.2M | 11% |
| International Government Agencies | $141.0M | 10% |
| Technology Solutions | $74.8M | 6% |
| Employment And Other | $70.2M | 5% |
| Other Including Local Municipalities And Commercial Customers | $17.6M | 1% |
ROKU
| Advertising | $612.7M | 49% |
| Subscriptions | $518.5M | 42% |
| Devices | $117.6M | 9% |
