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摩丁制造（MOD）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摩丁制造的1.8倍（$1.4B vs $805.0M），摩丁制造净利率更高（-5.9% vs -22.3%，领先16.4%），罗布乐思同比增速更快（43.2% vs 30.5%），罗布乐思自由现金流更多（$308.6M vs $-17.1M），过去两年罗布乐思的营收复合增速更高（32.9% vs 15.5%）
摩丁制造是1916年成立于美国的热管理企业。创始人亚瑟·B·摩丁获拖拉机Spirex散热器专利后创立公司，曾为福特T型车生产Turbotube散热器，1941年在威斯康星州拉辛建成全球首个车用风洞，二战期间为P-51野马战斗机供应后冷却器。
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。
MOD vs RBLX — 直观对比
营收规模更大
RBLX
是对方的1.8倍
$805.0M
营收增速更快
RBLX
高出12.7%
30.5%
净利率更高
MOD
高出16.4%
-22.3%
自由现金流更多
RBLX
多$325.7M
$-17.1M
两年增速更快
RBLX
近两年复合增速
15.5%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $805.0M | $1.4B |
| 净利润 | $-47.4M | $-316.0M |
| 毛利率 | 23.1% | 77.7% |
| 营业利润率 | 11.1% | -25.3% |
| 净利率 | -5.9% | -22.3% |
| 营收同比 | 30.5% | 43.2% |
| 净利润同比 | -215.6% | -43.9% |
| 每股收益（稀释后） | $-0.90 | $-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MODRBLX
| Q4 25 | $805.0M | $1.4B | ||
| Q3 25 | $738.9M | $1.4B | ||
| Q2 25 | $682.8M | $1.1B | ||
| Q1 25 | $647.2M | $1.0B | ||
| Q4 24 | $616.8M | $988.2M | ||
| Q3 24 | $658.0M | $919.0M | ||
| Q2 24 | $661.5M | $893.5M | ||
| Q1 24 | $603.5M | $801.3M |
净利润MODRBLX
| Q4 25 | $-47.4M | $-316.0M | ||
| Q3 25 | $44.4M | $-255.6M | ||
| Q2 25 | $51.2M | $-278.4M | ||
| Q1 25 | $49.6M | $-215.1M | ||
| Q4 24 | $41.0M | $-219.6M | ||
| Q3 24 | $46.1M | $-239.3M | ||
| Q2 24 | $47.3M | $-205.9M | ||
| Q1 24 | $25.8M | $-270.6M |
毛利率MODRBLX
| Q4 25 | 23.1% | 77.7% | ||
| Q3 25 | 22.3% | 78.2% | ||
| Q2 25 | 24.2% | 78.2% | ||
| Q1 25 | 25.6% | 78.3% | ||
| Q4 24 | 24.3% | 77.9% | ||
| Q3 24 | 25.2% | 77.7% | ||
| Q2 24 | 24.6% | 77.8% | ||
| Q1 24 | 22.4% | 77.7% |
营业利润率MODRBLX
| Q4 25 | 11.1% | -25.3% | ||
| Q3 25 | 9.9% | -21.8% | ||
| Q2 25 | 11.1% | -29.8% | ||
| Q1 25 | 11.5% | -24.6% | ||
| Q4 24 | 9.6% | -24.7% | ||
| Q3 24 | 11.4% | -30.4% | ||
| Q2 24 | 11.2% | -26.6% | ||
| Q1 24 | 7.8% | -37.7% |
净利率MODRBLX
| Q4 25 | -5.9% | -22.3% | ||
| Q3 25 | 6.0% | -18.8% | ||
| Q2 25 | 7.5% | -25.8% | ||
| Q1 25 | 7.7% | -20.8% | ||
| Q4 24 | 6.6% | -22.2% | ||
| Q3 24 | 7.0% | -26.0% | ||
| Q2 24 | 7.2% | -23.0% | ||
| Q1 24 | 4.3% | -33.8% |
每股收益（稀释后）MODRBLX
| Q4 25 | $-0.90 | $-0.44 | ||
| Q3 25 | $0.83 | $-0.37 | ||
| Q2 25 | $0.95 | $-0.41 | ||
| Q1 25 | $0.92 | $-0.32 | ||
| Q4 24 | $0.76 | $-0.32 | ||
| Q3 24 | $0.86 | $-0.37 | ||
| Q2 24 | $0.88 | $-0.32 | ||
| Q1 24 | $0.48 | $-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 | $98.7M | $3.1B |
| 总债务越低越好 | $570.7M | $1.2B |
| 股东权益账面价值 | $1.1B | $394.5M |
| 总资产 | $2.5B | $9.6B |
| 负债/权益比越低杠杆越低 | 0.51× | 2.98× |
8季度趋势，按日历期对齐
现金及短期投资MODRBLX
| Q4 25 | $98.7M | $3.1B | ||
| Q3 25 | $83.8M | $2.9B | ||
| Q2 25 | $124.5M | $2.6B | ||
| Q1 25 | $71.6M | $2.7B | ||
| Q4 24 | $83.8M | $2.4B | ||
| Q3 24 | $78.6M | $2.3B | ||
| Q2 24 | $72.9M | $2.4B | ||
| Q1 24 | $60.1M | $2.4B |
总债务MODRBLX
| Q4 25 | $570.7M | $1.2B | ||
| Q3 25 | $525.8M | — | ||
| Q2 25 | $482.1M | — | ||
| Q1 25 | $296.7M | — | ||
| Q4 24 | $330.0M | $1.2B | ||
| Q3 24 | $359.1M | — | ||
| Q2 24 | $405.7M | — | ||
| Q1 24 | $399.9M | — |
股东权益MODRBLX
| Q4 25 | $1.1B | $394.5M | ||
| Q3 25 | $1.1B | $407.6M | ||
| Q2 25 | $1.0B | $353.2M | ||
| Q1 25 | $910.2M | $310.7M | ||
| Q4 24 | $855.1M | $221.4M | ||
| Q3 24 | $858.8M | $189.9M | ||
| Q2 24 | $788.4M | $121.5M | ||
| Q1 24 | $747.6M | $71.6M |
总资产MODRBLX
| Q4 25 | $2.5B | $9.6B | ||
| Q3 25 | $2.4B | $8.6B | ||
| Q2 25 | $2.2B | $7.8B | ||
| Q1 25 | $1.9B | $7.5B | ||
| Q4 24 | $1.8B | $7.2B | ||
| Q3 24 | $1.9B | $6.7B | ||
| Q2 24 | $1.9B | $6.5B | ||
| Q1 24 | $1.9B | $6.3B |
负债/权益比MODRBLX
| Q4 25 | 0.51× | 2.98× | ||
| Q3 25 | 0.50× | — | ||
| Q2 25 | 0.48× | — | ||
| Q1 25 | 0.33× | — | ||
| Q4 24 | 0.39× | 5.48× | ||
| Q3 24 | 0.42× | — | ||
| Q2 24 | 0.51× | — | ||
| Q1 24 | 0.53× | — |
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 | $24.7M | $607.0M |
| 自由现金流经营现金流 - 资本支出 | $-17.1M | $308.6M |
| 自由现金流率自由现金流/营收 | -2.1% | 21.8% |
| 资本支出强度资本支出/营收 | 5.2% | 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 | $-20.3M | $1.4B |
8季度趋势，按日历期对齐
经营现金流MODRBLX
| Q4 25 | $24.7M | $607.0M | ||
| Q3 25 | $1.4M | $546.2M | ||
| Q2 25 | $27.7M | $199.3M | ||
| Q1 25 | $54.8M | $443.9M | ||
| Q4 24 | $60.7M | $184.5M | ||
| Q3 24 | $57.3M | $247.4M | ||
| Q2 24 | $40.5M | $151.4M | ||
| Q1 24 | $39.6M | $238.9M |
自由现金流MODRBLX
| Q4 25 | $-17.1M | $308.6M | ||
| Q3 25 | $-30.5M | $443.6M | ||
| Q2 25 | $200.0K | $176.7M | ||
| Q1 25 | $27.1M | $426.5M | ||
| Q4 24 | $44.7M | $120.6M | ||
| Q3 24 | $43.8M | $218.0M | ||
| Q2 24 | $13.7M | $111.7M | ||
| Q1 24 | $-4.3M | $192.3M |
自由现金流率MODRBLX
| Q4 25 | -2.1% | 21.8% | ||
| Q3 25 | -4.1% | 32.6% | ||
| Q2 25 | 0.0% | 16.3% | ||
| Q1 25 | 4.2% | 41.2% | ||
| Q4 24 | 7.2% | 12.2% | ||
| Q3 24 | 6.7% | 23.7% | ||
| Q2 24 | 2.1% | 12.5% | ||
| Q1 24 | -0.7% | 24.0% |
资本支出强度MODRBLX
| Q4 25 | 5.2% | 21.1% | ||
| Q3 25 | 4.3% | 7.5% | ||
| Q2 25 | 4.0% | 2.1% | ||
| Q1 25 | 4.3% | 1.7% | ||
| Q4 24 | 2.6% | 6.5% | ||
| Q3 24 | 2.1% | 3.2% | ||
| Q2 24 | 4.1% | 4.4% | ||
| Q1 24 | 7.3% | 5.8% |
现金转化率MODRBLX
| Q4 25 | — | — | ||
| Q3 25 | 0.03× | — | ||
| Q2 25 | 0.54× | — | ||
| Q1 25 | 1.10× | — | ||
| Q4 24 | 1.48× | — | ||
| Q3 24 | 1.24× | — | ||
| Q2 24 | 0.86× | — | ||
| Q1 24 | 1.53× | — |
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
MOD
| Data Centers | $296.9M | 37% |
| Performance Technologies | $266.0M | 33% |
| Hvac Technologies | $107.1M | 13% |
| Air Cooled | $92.4M | 11% |
| Lb White | $25.6M | 3% |
| Climate By Design | $10.2M | 1% |
| Absolutaire | $7.0M | 1% |
RBLX
暂无分部数据
