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摩丁制造（MOD）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的季度营收约是摩丁制造的1.6倍（$1.2B vs $805.0M），ROKU, INC净利率更高（-2.2% vs -5.9%，领先3.7%），摩丁制造同比增速更快（30.5% vs -18.3%），ROKU, INC自由现金流更多（$298.4M vs $-17.1M），过去两年摩丁制造的营收复合增速更高（15.5% vs 13.6%）
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。
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。
MOD vs ROKU — 直观对比
营收规模更大
ROKU
是对方的1.6倍
$805.0M
营收增速更快
MOD
高出48.8%
-18.3%
净利率更高
ROKU
高出3.7%
-5.9%
自由现金流更多
ROKU
多$315.5M
$-17.1M
两年增速更快
MOD
近两年复合增速
13.6%
损益表 — Q3 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $805.0M | $1.2B |
| 净利润 | $-47.4M | $-27.4M |
| 毛利率 | 23.1% | 35.6% |
| 营业利润率 | 11.1% | 59.7% |
| 净利率 | -5.9% | -2.2% |
| 营收同比 | 30.5% | -18.3% |
| 净利润同比 | -215.6% | -361.0% |
| 每股收益（稀释后） | $-0.90 | $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MODROKU
| Q1 26 | — | $1.2B | ||
| Q4 25 | $805.0M | $1.4B | ||
| Q3 25 | $738.9M | $1.2B | ||
| Q2 25 | $682.8M | $1.1B | ||
| Q1 25 | $647.2M | $1.0B | ||
| Q4 24 | $616.8M | $1.2B | ||
| Q3 24 | $658.0M | $1.1B | ||
| Q2 24 | $661.5M | $968.2M |
净利润MODROKU
| Q1 26 | — | $-27.4M | ||
| Q4 25 | $-47.4M | $80.5M | ||
| Q3 25 | $44.4M | $24.8M | ||
| Q2 25 | $51.2M | $10.5M | ||
| Q1 25 | $49.6M | $-27.4M | ||
| Q4 24 | $41.0M | $-35.5M | ||
| Q3 24 | $46.1M | $-9.0M | ||
| Q2 24 | $47.3M | $-34.0M |
毛利率MODROKU
| Q1 26 | — | 35.6% | ||
| Q4 25 | 23.1% | 43.5% | ||
| Q3 25 | 22.3% | 43.4% | ||
| Q2 25 | 24.2% | 44.8% | ||
| Q1 25 | 25.6% | 43.6% | ||
| Q4 24 | 24.3% | 42.7% | ||
| Q3 24 | 25.2% | 45.2% | ||
| Q2 24 | 24.6% | 43.9% |
营业利润率MODROKU
| Q1 26 | — | 59.7% | ||
| Q4 25 | 11.1% | 4.7% | ||
| Q3 25 | 9.9% | 0.8% | ||
| Q2 25 | 11.1% | -2.1% | ||
| Q1 25 | 11.5% | -5.7% | ||
| Q4 24 | 9.6% | -3.3% | ||
| Q3 24 | 11.4% | -3.4% | ||
| Q2 24 | 11.2% | -7.4% |
净利率MODROKU
| Q1 26 | — | -2.2% | ||
| Q4 25 | -5.9% | 5.8% | ||
| Q3 25 | 6.0% | 2.0% | ||
| Q2 25 | 7.5% | 0.9% | ||
| Q1 25 | 7.7% | -2.7% | ||
| Q4 24 | 6.6% | -3.0% | ||
| Q3 24 | 7.0% | -0.9% | ||
| Q2 24 | 7.2% | -3.5% |
每股收益（稀释后）MODROKU
| Q1 26 | — | $0.57 | ||
| Q4 25 | $-0.90 | $0.55 | ||
| Q3 25 | $0.83 | $0.16 | ||
| Q2 25 | $0.95 | $0.07 | ||
| Q1 25 | $0.92 | $-0.19 | ||
| Q4 24 | $0.76 | $-0.24 | ||
| Q3 24 | $0.86 | $-0.06 | ||
| Q2 24 | $0.88 | $-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 | $98.7M | $2.4B |
| 总债务越低越好 | $570.7M | — |
| 股东权益账面价值 | $1.1B | $2.7B |
| 总资产 | $2.5B | $4.4B |
| 负债/权益比越低杠杆越低 | 0.51× | — |
8季度趋势，按日历期对齐
现金及短期投资MODROKU
| Q1 26 | — | $2.4B | ||
| Q4 25 | $98.7M | $2.3B | ||
| Q3 25 | $83.8M | $2.3B | ||
| Q2 25 | $124.5M | $2.3B | ||
| Q1 25 | $71.6M | $2.3B | ||
| Q4 24 | $83.8M | $2.2B | ||
| Q3 24 | $78.6M | $2.1B | ||
| Q2 24 | $72.9M | $2.1B |
总债务MODROKU
| Q1 26 | — | — | ||
| Q4 25 | $570.7M | — | ||
| Q3 25 | $525.8M | — | ||
| Q2 25 | $482.1M | — | ||
| Q1 25 | $296.7M | — | ||
| Q4 24 | $330.0M | — | ||
| Q3 24 | $359.1M | — | ||
| Q2 24 | $405.7M | — |
股东权益MODROKU
| Q1 26 | — | $2.7B | ||
| Q4 25 | $1.1B | $2.7B | ||
| Q3 25 | $1.1B | $2.6B | ||
| Q2 25 | $1.0B | $2.6B | ||
| Q1 25 | $910.2M | $2.5B | ||
| Q4 24 | $855.1M | $2.5B | ||
| Q3 24 | $858.8M | $2.5B | ||
| Q2 24 | $788.4M | $2.4B |
总资产MODROKU
| Q1 26 | — | $4.4B | ||
| Q4 25 | $2.5B | $4.4B | ||
| Q3 25 | $2.4B | $4.4B | ||
| Q2 25 | $2.2B | $4.3B | ||
| Q1 25 | $1.9B | $4.2B | ||
| Q4 24 | $1.8B | $4.3B | ||
| Q3 24 | $1.9B | $4.3B | ||
| Q2 24 | $1.9B | $4.1B |
负债/权益比MODROKU
| Q1 26 | — | — | ||
| Q4 25 | 0.51× | — | ||
| Q3 25 | 0.50× | — | ||
| Q2 25 | 0.48× | — | ||
| Q1 25 | 0.33× | — | ||
| Q4 24 | 0.39× | — | ||
| Q3 24 | 0.42× | — | ||
| Q2 24 | 0.51× | — |
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 | $199.1M |
| 自由现金流经营现金流 - 资本支出 | $-17.1M | $298.4M |
| 自由现金流率自由现金流/营收 | -2.1% | 23.9% |
| 资本支出强度资本支出/营收 | 5.2% | — |
| 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 | $640.0M |
8季度趋势，按日历期对齐
经营现金流MODROKU
| Q1 26 | — | $199.1M | ||
| Q4 25 | $24.7M | $107.7M | ||
| Q3 25 | $1.4M | $127.6M | ||
| Q2 25 | $27.7M | $109.7M | ||
| Q1 25 | $54.8M | $138.7M | ||
| Q4 24 | $60.7M | $79.3M | ||
| Q3 24 | $57.3M | $68.7M | ||
| Q2 24 | $40.5M | $23.4M |
自由现金流MODROKU
| Q1 26 | — | $298.4M | ||
| Q4 25 | $-17.1M | $106.6M | ||
| Q3 25 | $-30.5M | $126.5M | ||
| Q2 25 | $200.0K | $108.6M | ||
| Q1 25 | $27.1M | $136.8M | ||
| Q4 24 | $44.7M | $76.8M | ||
| Q3 24 | $43.8M | $67.6M | ||
| Q2 24 | $13.7M | $22.5M |
自由现金流率MODROKU
| Q1 26 | — | 23.9% | ||
| Q4 25 | -2.1% | 7.6% | ||
| Q3 25 | -4.1% | 10.4% | ||
| Q2 25 | 0.0% | 9.8% | ||
| Q1 25 | 4.2% | 13.4% | ||
| Q4 24 | 7.2% | 6.4% | ||
| Q3 24 | 6.7% | 6.4% | ||
| Q2 24 | 2.1% | 2.3% |
资本支出强度MODROKU
| Q1 26 | — | — | ||
| Q4 25 | 5.2% | 0.1% | ||
| Q3 25 | 4.3% | 0.1% | ||
| Q2 25 | 4.0% | 0.1% | ||
| Q1 25 | 4.3% | 0.2% | ||
| Q4 24 | 2.6% | 0.2% | ||
| Q3 24 | 2.1% | 0.1% | ||
| Q2 24 | 4.1% | 0.1% |
现金转化率MODROKU
| Q1 26 | — | — | ||
| Q4 25 | — | 1.34× | ||
| Q3 25 | 0.03× | 5.14× | ||
| Q2 25 | 0.54× | 10.45× | ||
| Q1 25 | 1.10× | — | ||
| Q4 24 | 1.48× | — | ||
| Q3 24 | 1.24× | — | ||
| Q2 24 | 0.86× | — |
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% |
ROKU
| Advertising | $612.7M | 49% |
| Subscriptions | $518.5M | 42% |
| Devices | $117.6M | 9% |
