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美满电子科技（MRVL）与ROKU, INC（ROKU）财务数据对比。点击上方公司名可切换其他公司
美满电子科技的季度营收约是ROKU, INC的1.5倍（$2.1B vs $1.4B），美满电子科技净利率更高（91.7% vs 5.8%，领先85.9%），美满电子科技同比增速更快（36.8% vs 16.1%），美满电子科技自由现金流更多（$508.8M vs $106.6M），过去两年ROKU, INC的营收复合增速更高（25.8% vs 20.6%）
美满电子科技是总部位于美国加利福尼亚州圣克拉拉的半导体企业，成立于1995年，专注于半导体及相关技术的研发与生产。截至2024年，公司全球员工超6500人，持有全球专利超1万项，2024财年总营收达55亿美元。
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。
MRVL vs ROKU — 直观对比
营收规模更大
MRVL
是对方的1.5倍
$1.4B
营收增速更快
MRVL
高出20.7%
16.1%
净利率更高
MRVL
高出85.9%
5.8%
自由现金流更多
MRVL
多$402.2M
$106.6M
两年增速更快
ROKU
近两年复合增速
20.6%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.1B | $1.4B |
| 净利润 | $1.9B | $80.5M |
| 毛利率 | 51.6% | 43.5% |
| 营业利润率 | 17.2% | 4.7% |
| 净利率 | 91.7% | 5.8% |
| 营收同比 | 36.8% | 16.1% |
| 净利润同比 | 381.1% | 326.4% |
| 每股收益（稀释后） | $2.20 | $0.55 |
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MRVLROKU
| Q4 25 | $2.1B | $1.4B | ||
| Q3 25 | $2.0B | $1.2B | ||
| Q2 25 | $1.9B | $1.1B | ||
| Q1 25 | $1.8B | $1.0B | ||
| Q4 24 | $1.5B | $1.2B | ||
| Q3 24 | $1.3B | $1.1B | ||
| Q2 24 | $1.2B | $968.2M | ||
| Q1 24 | $1.4B | $881.5M |
净利润MRVLROKU
| Q4 25 | $1.9B | $80.5M | ||
| Q3 25 | $194.8M | $24.8M | ||
| Q2 25 | $177.9M | $10.5M | ||
| Q1 25 | $200.2M | $-27.4M | ||
| Q4 24 | $-676.3M | $-35.5M | ||
| Q3 24 | $-193.3M | $-9.0M | ||
| Q2 24 | $-215.6M | $-34.0M | ||
| Q1 24 | $-392.7M | $-50.9M |
毛利率MRVLROKU
| Q4 25 | 51.6% | 43.5% | ||
| Q3 25 | 50.4% | 43.4% | ||
| Q2 25 | 50.3% | 44.8% | ||
| Q1 25 | 50.5% | 43.6% | ||
| Q4 24 | 23.0% | 42.7% | ||
| Q3 24 | 46.2% | 45.2% | ||
| Q2 24 | 45.5% | 43.9% | ||
| Q1 24 | 46.6% | 44.1% |
营业利润率MRVLROKU
| Q4 25 | 17.2% | 4.7% | ||
| Q3 25 | 14.5% | 0.8% | ||
| Q2 25 | 14.3% | -2.1% | ||
| Q1 25 | 12.9% | -5.7% | ||
| Q4 24 | -46.4% | -3.3% | ||
| Q3 24 | -7.9% | -3.4% | ||
| Q2 24 | -13.1% | -7.4% | ||
| Q1 24 | -2.3% | -8.2% |
净利率MRVLROKU
| Q4 25 | 91.7% | 5.8% | ||
| Q3 25 | 9.7% | 2.0% | ||
| Q2 25 | 9.4% | 0.9% | ||
| Q1 25 | 11.0% | -2.7% | ||
| Q4 24 | -44.6% | -3.0% | ||
| Q3 24 | -15.2% | -0.9% | ||
| Q2 24 | -18.6% | -3.5% | ||
| Q1 24 | -27.5% | -5.8% |
每股收益（稀释后）MRVLROKU
| Q4 25 | $2.20 | $0.55 | ||
| Q3 25 | $0.22 | $0.16 | ||
| Q2 25 | $0.20 | $0.07 | ||
| Q1 25 | $0.23 | $-0.19 | ||
| Q4 24 | $-0.78 | $-0.24 | ||
| Q3 24 | $-0.22 | $-0.06 | ||
| Q2 24 | $-0.25 | $-0.24 | ||
| Q1 24 | $-0.45 | $-0.35 |
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 | $2.7B | $2.3B |
| 总债务越低越好 | $4.5B | — |
| 股东权益账面价值 | $14.1B | $2.7B |
| 总资产 | $21.6B | $4.4B |
| 负债/权益比越低杠杆越低 | 0.32× | — |
8季度趋势，按日历期对齐
现金及短期投资MRVLROKU
| Q4 25 | $2.7B | $2.3B | ||
| Q3 25 | $1.2B | $2.3B | ||
| Q2 25 | $885.9M | $2.3B | ||
| Q1 25 | $948.3M | $2.3B | ||
| Q4 24 | $868.1M | $2.2B | ||
| Q3 24 | $808.7M | $2.1B | ||
| Q2 24 | $847.7M | $2.1B | ||
| Q1 24 | $950.8M | $2.1B |
总债务MRVLROKU
| Q4 25 | $4.5B | — | ||
| Q3 25 | $4.5B | — | ||
| Q2 25 | $4.2B | — | ||
| Q1 25 | $4.1B | — | ||
| Q4 24 | $4.1B | — | ||
| Q3 24 | $4.1B | — | ||
| Q2 24 | $4.1B | — | ||
| Q1 24 | $4.2B | — |
股东权益MRVLROKU
| Q4 25 | $14.1B | $2.7B | ||
| Q3 25 | $13.4B | $2.6B | ||
| Q2 25 | $13.3B | $2.6B | ||
| Q1 25 | $13.4B | $2.5B | ||
| Q4 24 | $13.4B | $2.5B | ||
| Q3 24 | $14.2B | $2.5B | ||
| Q2 24 | $14.5B | $2.4B | ||
| Q1 24 | $14.8B | $2.4B |
总资产MRVLROKU
| Q4 25 | $21.6B | $4.4B | ||
| Q3 25 | $20.6B | $4.4B | ||
| Q2 25 | $20.0B | $4.3B | ||
| Q1 25 | $20.2B | $4.2B | ||
| Q4 24 | $19.7B | $4.3B | ||
| Q3 24 | $20.3B | $4.3B | ||
| Q2 24 | $20.5B | $4.1B | ||
| Q1 24 | $21.2B | $4.2B |
负债/权益比MRVLROKU
| Q4 25 | 0.32× | — | ||
| Q3 25 | 0.33× | — | ||
| Q2 25 | 0.32× | — | ||
| Q1 25 | 0.30× | — | ||
| Q4 24 | 0.31× | — | ||
| Q3 24 | 0.29× | — | ||
| Q2 24 | 0.29× | — | ||
| Q1 24 | 0.28× | — |
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 | $582.3M | $107.7M |
| 自由现金流经营现金流 - 资本支出 | $508.8M | $106.6M |
| 自由现金流率自由现金流/营收 | 24.5% | 7.6% |
| 资本支出强度资本支出/营收 | 3.5% | 0.1% |
| 现金转化率经营现金流/净利润 | 0.31× | 1.34× |
| 过去12个月自由现金流最近4个季度 | $1.6B | $478.4M |
8季度趋势，按日历期对齐
经营现金流MRVLROKU
| Q4 25 | $582.3M | $107.7M | ||
| Q3 25 | $461.6M | $127.6M | ||
| Q2 25 | $332.9M | $109.7M | ||
| Q1 25 | $514.0M | $138.7M | ||
| Q4 24 | $536.3M | $79.3M | ||
| Q3 24 | $306.4M | $68.7M | ||
| Q2 24 | $324.5M | $23.4M | ||
| Q1 24 | $546.6M | $46.7M |
自由现金流MRVLROKU
| Q4 25 | $508.8M | $106.6M | ||
| Q3 25 | $414.1M | $126.5M | ||
| Q2 25 | $214.1M | $108.6M | ||
| Q1 25 | $444.1M | $136.8M | ||
| Q4 24 | $461.3M | $76.8M | ||
| Q3 24 | $258.2M | $67.6M | ||
| Q2 24 | $233.0M | $22.5M | ||
| Q1 24 | $475.6M | $46.0M |
自由现金流率MRVLROKU
| Q4 25 | 24.5% | 7.6% | ||
| Q3 25 | 20.6% | 10.4% | ||
| Q2 25 | 11.3% | 9.8% | ||
| Q1 25 | 24.4% | 13.4% | ||
| Q4 24 | 30.4% | 6.4% | ||
| Q3 24 | 20.3% | 6.4% | ||
| Q2 24 | 20.1% | 2.3% | ||
| Q1 24 | 33.3% | 5.2% |
资本支出强度MRVLROKU
| Q4 25 | 3.5% | 0.1% | ||
| Q3 25 | 2.4% | 0.1% | ||
| Q2 25 | 6.3% | 0.1% | ||
| Q1 25 | 3.8% | 0.2% | ||
| Q4 24 | 4.9% | 0.2% | ||
| Q3 24 | 3.8% | 0.1% | ||
| Q2 24 | 7.9% | 0.1% | ||
| Q1 24 | 5.0% | 0.1% |
现金转化率MRVLROKU
| Q4 25 | 0.31× | 1.34× | ||
| Q3 25 | 2.37× | 5.14× | ||
| Q2 25 | 1.87× | 10.45× | ||
| Q1 25 | 2.57× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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
MRVL
暂无分部数据
ROKU
| Services | $1.2B | 88% |
| Products | $170.9M | 12% |
