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晨星（MORN）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的季度营收约是晨星的1.9倍（$1.2B vs $644.8M），晨星同比增速更快（10.8% vs -18.3%），ROKU, INC自由现金流更多（$298.4M vs $53.6M），过去两年ROKU, INC的营收复合增速更高（13.6% vs 6.2%）
晨星（Morningstar, Inc.）是总部位于美国伊利诺伊州芝加哥的金融服务机构，由乔·曼苏托于1984年创立，面向全球提供全方位的投资研究、投资管理等专业服务，是全球颇具知名度的投资资讯服务提供商。
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。
MORN vs ROKU — 直观对比
营收规模更大
ROKU
是对方的1.9倍
$644.8M
营收增速更快
MORN
高出29.1%
-18.3%
自由现金流更多
ROKU
多$244.8M
$53.6M
两年增速更快
ROKU
近两年复合增速
6.2%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $644.8M | $1.2B |
| 净利润 | — | $-27.4M |
| 毛利率 | 62.9% | 35.6% |
| 营业利润率 | 24.2% | 59.7% |
| 净利率 | — | -2.2% |
| 营收同比 | 10.8% | -18.3% |
| 净利润同比 | — | -361.0% |
| 每股收益（稀释后） | $2.73 | $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MORNROKU
| Q1 26 | $644.8M | $1.2B | ||
| Q4 25 | $641.1M | $1.4B | ||
| Q3 25 | $617.4M | $1.2B | ||
| Q2 25 | $605.1M | $1.1B | ||
| Q1 25 | $581.9M | $1.0B | ||
| Q4 24 | $591.0M | $1.2B | ||
| Q3 24 | $569.4M | $1.1B | ||
| Q2 24 | $571.9M | $968.2M |
净利润MORNROKU
| Q1 26 | — | $-27.4M | ||
| Q4 25 | $115.1M | $80.5M | ||
| Q3 25 | $91.6M | $24.8M | ||
| Q2 25 | $89.0M | $10.5M | ||
| Q1 25 | $78.5M | $-27.4M | ||
| Q4 24 | $116.9M | $-35.5M | ||
| Q3 24 | $119.7M | $-9.0M | ||
| Q2 24 | $69.1M | $-34.0M |
毛利率MORNROKU
| Q1 26 | 62.9% | 35.6% | ||
| Q4 25 | 61.1% | 43.5% | ||
| Q3 25 | 60.9% | 43.4% | ||
| Q2 25 | 61.9% | 44.8% | ||
| Q1 25 | 60.2% | 43.6% | ||
| Q4 24 | 60.7% | 42.7% | ||
| Q3 24 | 60.9% | 45.2% | ||
| Q2 24 | 61.1% | 43.9% |
营业利润率MORNROKU
| Q1 26 | 24.2% | 59.7% | ||
| Q4 25 | 24.9% | 4.7% | ||
| Q3 25 | 20.7% | 0.8% | ||
| Q2 25 | 20.7% | -2.1% | ||
| Q1 25 | 19.6% | -5.7% | ||
| Q4 24 | 28.5% | -3.3% | ||
| Q3 24 | 20.3% | -3.4% | ||
| Q2 24 | 19.0% | -7.4% |
净利率MORNROKU
| Q1 26 | — | -2.2% | ||
| Q4 25 | 18.0% | 5.8% | ||
| Q3 25 | 14.8% | 2.0% | ||
| Q2 25 | 14.7% | 0.9% | ||
| Q1 25 | 13.5% | -2.7% | ||
| Q4 24 | 19.8% | -3.0% | ||
| Q3 24 | 21.0% | -0.9% | ||
| Q2 24 | 12.1% | -3.5% |
每股收益（稀释后）MORNROKU
| Q1 26 | $2.73 | $0.57 | ||
| Q4 25 | $2.79 | $0.55 | ||
| Q3 25 | $2.17 | $0.16 | ||
| Q2 25 | $2.09 | $0.07 | ||
| Q1 25 | $1.82 | $-0.19 | ||
| Q4 24 | $2.72 | $-0.24 | ||
| Q3 24 | $2.77 | $-0.06 | ||
| Q2 24 | $1.60 | $-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 | $492.8M | $2.4B |
| 总债务越低越好 | $1.7B | — |
| 股东权益账面价值 | $1.0B | $2.7B |
| 总资产 | $4.0B | $4.4B |
| 负债/权益比越低杠杆越低 | 1.68× | — |
8季度趋势，按日历期对齐
现金及短期投资MORNROKU
| Q1 26 | $492.8M | $2.4B | ||
| Q4 25 | $528.7M | $2.3B | ||
| Q3 25 | $40.3M | $2.3B | ||
| Q2 25 | $38.1M | $2.3B | ||
| Q1 25 | $47.7M | $2.3B | ||
| Q4 24 | $551.0M | $2.2B | ||
| Q3 24 | $48.8M | $2.1B | ||
| Q2 24 | $48.0M | $2.1B |
总债务MORNROKU
| Q1 26 | $1.7B | — | ||
| Q4 25 | — | — | ||
| Q3 25 | $848.9M | — | ||
| Q2 25 | $838.8M | — | ||
| Q1 25 | $803.7M | — | ||
| Q4 24 | $698.6M | — | ||
| Q3 24 | $864.7M | — | ||
| Q2 24 | $899.6M | — |
股东权益MORNROKU
| Q1 26 | $1.0B | $2.7B | ||
| Q4 25 | $1.2B | $2.7B | ||
| Q3 25 | $1.5B | $2.6B | ||
| Q2 25 | $1.6B | $2.6B | ||
| Q1 25 | $1.6B | $2.5B | ||
| Q4 24 | $1.6B | $2.5B | ||
| Q3 24 | $1.6B | $2.5B | ||
| Q2 24 | $1.4B | $2.4B |
总资产MORNROKU
| Q1 26 | $4.0B | $4.4B | ||
| Q4 25 | $3.6B | $4.4B | ||
| Q3 25 | $3.6B | $4.4B | ||
| Q2 25 | $3.6B | $4.3B | ||
| Q1 25 | $3.6B | $4.2B | ||
| Q4 24 | $3.5B | $4.3B | ||
| Q3 24 | $3.6B | $4.3B | ||
| Q2 24 | $3.4B | $4.1B |
负债/权益比MORNROKU
| Q1 26 | 1.68× | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 0.56× | — | ||
| Q2 25 | 0.52× | — | ||
| Q1 25 | 0.50× | — | ||
| Q4 24 | 0.43× | — | ||
| Q3 24 | 0.55× | — | ||
| Q2 24 | 0.63× | — |
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 | — | $199.1M |
| 自由现金流经营现金流 - 资本支出 | $53.6M | $298.4M |
| 自由现金流率自由现金流/营收 | 8.3% | 23.9% |
| 资本支出强度资本支出/营收 | 5.9% | — |
| 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 | $437.4M | $640.0M |
8季度趋势，按日历期对齐
经营现金流MORNROKU
| Q1 26 | — | $199.1M | ||
| Q4 25 | $204.0M | $107.7M | ||
| Q3 25 | $195.7M | $127.6M | ||
| Q2 25 | $99.0M | $109.7M | ||
| Q1 25 | $91.0M | $138.7M | ||
| Q4 24 | $153.4M | $79.3M | ||
| Q3 24 | $191.9M | $68.7M | ||
| Q2 24 | $152.7M | $23.4M |
自由现金流MORNROKU
| Q1 26 | $53.6M | $298.4M | ||
| Q4 25 | $161.3M | $106.6M | ||
| Q3 25 | $160.1M | $126.5M | ||
| Q2 25 | $62.4M | $108.6M | ||
| Q1 25 | $58.8M | $136.8M | ||
| Q4 24 | $112.8M | $76.8M | ||
| Q3 24 | $155.8M | $67.6M | ||
| Q2 24 | $120.8M | $22.5M |
自由现金流率MORNROKU
| Q1 26 | 8.3% | 23.9% | ||
| Q4 25 | 25.2% | 7.6% | ||
| Q3 25 | 25.9% | 10.4% | ||
| Q2 25 | 10.3% | 9.8% | ||
| Q1 25 | 10.1% | 13.4% | ||
| Q4 24 | 19.1% | 6.4% | ||
| Q3 24 | 27.4% | 6.4% | ||
| Q2 24 | 21.1% | 2.3% |
资本支出强度MORNROKU
| Q1 26 | 5.9% | — | ||
| Q4 25 | 6.7% | 0.1% | ||
| Q3 25 | 5.8% | 0.1% | ||
| Q2 25 | 6.0% | 0.1% | ||
| Q1 25 | 5.5% | 0.2% | ||
| Q4 24 | 6.9% | 0.2% | ||
| Q3 24 | 6.3% | 0.1% | ||
| Q2 24 | 5.6% | 0.1% |
现金转化率MORNROKU
| Q1 26 | — | — | ||
| Q4 25 | 1.77× | 1.34× | ||
| Q3 25 | 2.14× | 5.14× | ||
| Q2 25 | 1.11× | 10.45× | ||
| Q1 25 | 1.16× | — | ||
| Q4 24 | 1.31× | — | ||
| Q3 24 | 1.60× | — | ||
| Q2 24 | 2.21× | — |
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
MORN
暂无分部数据
ROKU
| Advertising | $612.7M | 49% |
| Subscriptions | $518.5M | 42% |
| Devices | $117.6M | 9% |
