vs
MSC INDUSTRIAL DIRECT CO INC（MSM）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MSC INDUSTRIAL DIRECT CO INC的1.5倍（$1.4B vs $965.7M），MSC INDUSTRIAL DIRECT CO INC净利率更高（5.4% vs -22.3%，领先27.7%），罗布乐思同比增速更快（43.2% vs 4.0%），罗布乐思自由现金流更多（$308.6M vs $7.4M），过去两年罗布乐思的营收复合增速更高（32.9% vs -3.4%）
MSC工业直销公司（MSC）通过旗下主要子公司MSC工业供应公司，是美国规模最大的工业设备分销商之一，可提供超过150万种金属加工及其他工业类产品，广泛服务于工业制造、维修运维等领域的客户需求。
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。
MSM vs RBLX — 直观对比
营收规模更大
RBLX
是对方的1.5倍
$965.7M
营收增速更快
RBLX
高出39.2%
4.0%
净利率更高
MSM
高出27.7%
-22.3%
自由现金流更多
RBLX
多$301.2M
$7.4M
两年增速更快
RBLX
近两年复合增速
-3.4%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $965.7M | $1.4B |
| 净利润 | $51.8M | $-316.0M |
| 毛利率 | 40.7% | 77.7% |
| 营业利润率 | 7.9% | -25.3% |
| 净利率 | 5.4% | -22.3% |
| 营收同比 | 4.0% | 43.2% |
| 净利润同比 | 11.1% | -43.9% |
| 每股收益（稀释后） | $0.93 | $-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MSMRBLX
| Q4 25 | $965.7M | $1.4B | ||
| Q3 25 | $978.2M | $1.4B | ||
| Q2 25 | $971.1M | $1.1B | ||
| Q1 25 | — | $1.0B | ||
| Q4 24 | $928.5M | $988.2M | ||
| Q3 24 | — | $919.0M | ||
| Q2 24 | $979.4M | $893.5M | ||
| Q1 24 | $935.3M | $801.3M |
净利润MSMRBLX
| Q4 25 | $51.8M | $-316.0M | ||
| Q3 25 | $56.5M | $-255.6M | ||
| Q2 25 | $56.8M | $-278.4M | ||
| Q1 25 | — | $-215.1M | ||
| Q4 24 | $46.6M | $-219.6M | ||
| Q3 24 | — | $-239.3M | ||
| Q2 24 | $71.7M | $-205.9M | ||
| Q1 24 | $61.8M | $-270.6M |
毛利率MSMRBLX
| Q4 25 | 40.7% | 77.7% | ||
| Q3 25 | 40.4% | 78.2% | ||
| Q2 25 | 41.0% | 78.2% | ||
| Q1 25 | — | 78.3% | ||
| Q4 24 | 40.7% | 77.9% | ||
| Q3 24 | — | 77.7% | ||
| Q2 24 | 40.9% | 77.8% | ||
| Q1 24 | 41.5% | 77.7% |
营业利润率MSMRBLX
| Q4 25 | 7.9% | -25.3% | ||
| Q3 25 | 8.6% | -21.8% | ||
| Q2 25 | 8.5% | -29.8% | ||
| Q1 25 | — | -24.6% | ||
| Q4 24 | 7.8% | -24.7% | ||
| Q3 24 | — | -30.4% | ||
| Q2 24 | 10.9% | -26.6% | ||
| Q1 24 | 9.7% | -37.7% |
净利率MSMRBLX
| Q4 25 | 5.4% | -22.3% | ||
| Q3 25 | 5.8% | -18.8% | ||
| Q2 25 | 5.9% | -25.8% | ||
| Q1 25 | — | -20.8% | ||
| Q4 24 | 5.0% | -22.2% | ||
| Q3 24 | — | -26.0% | ||
| Q2 24 | 7.3% | -23.0% | ||
| Q1 24 | 6.6% | -33.8% |
每股收益（稀释后）MSMRBLX
| Q4 25 | $0.93 | $-0.44 | ||
| Q3 25 | $1.02 | $-0.37 | ||
| Q2 25 | $1.02 | $-0.41 | ||
| Q1 25 | — | $-0.32 | ||
| Q4 24 | $0.83 | $-0.32 | ||
| Q3 24 | — | $-0.37 | ||
| Q2 24 | $1.27 | $-0.32 | ||
| Q1 24 | $1.10 | $-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 | $40.3M | $3.1B |
| 总债务越低越好 | $214.1M | $1.2B |
| 股东权益账面价值 | $1.4B | $394.5M |
| 总资产 | $2.5B | $9.6B |
| 负债/权益比越低杠杆越低 | 0.16× | 2.98× |
8季度趋势，按日历期对齐
现金及短期投资MSMRBLX
| Q4 25 | $40.3M | $3.1B | ||
| Q3 25 | $56.2M | $2.9B | ||
| Q2 25 | $71.7M | $2.6B | ||
| Q1 25 | — | $2.7B | ||
| Q4 24 | $57.3M | $2.4B | ||
| Q3 24 | — | $2.3B | ||
| Q2 24 | $25.9M | $2.4B | ||
| Q1 24 | $22.2M | $2.4B |
总债务MSMRBLX
| Q4 25 | $214.1M | $1.2B | ||
| Q3 25 | $168.8M | — | ||
| Q2 25 | $285.0M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $289.9M | $1.2B | ||
| Q3 24 | — | — | ||
| Q2 24 | $299.8M | — | ||
| Q1 24 | $294.5M | — |
股东权益MSMRBLX
| Q4 25 | $1.4B | $394.5M | ||
| Q3 25 | $1.4B | $407.6M | ||
| Q2 25 | $1.4B | $353.2M | ||
| Q1 25 | — | $310.7M | ||
| Q4 24 | $1.4B | $221.4M | ||
| Q3 24 | — | $189.9M | ||
| Q2 24 | $1.4B | $121.5M | ||
| Q1 24 | $1.4B | $71.6M |
总资产MSMRBLX
| Q4 25 | $2.5B | $9.6B | ||
| Q3 25 | $2.5B | $8.6B | ||
| Q2 25 | $2.5B | $7.8B | ||
| Q1 25 | — | $7.5B | ||
| Q4 24 | $2.5B | $7.2B | ||
| Q3 24 | — | $6.7B | ||
| Q2 24 | $2.5B | $6.5B | ||
| Q1 24 | $2.5B | $6.3B |
负债/权益比MSMRBLX
| Q4 25 | 0.16× | 2.98× | ||
| Q3 25 | 0.12× | — | ||
| Q2 25 | 0.21× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.21× | 5.48× | ||
| Q3 24 | — | — | ||
| Q2 24 | 0.21× | — | ||
| Q1 24 | 0.21× | — |
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 | $29.4M | $607.0M |
| 自由现金流经营现金流 - 资本支出 | $7.4M | $308.6M |
| 自由现金流率自由现金流/营收 | 0.8% | 21.8% |
| 资本支出强度资本支出/营收 | 2.3% | 21.1% |
| 现金转化率经营现金流/净利润 | 0.57× | — |
| 过去12个月自由现金流最近4个季度 | — | $1.4B |
8季度趋势，按日历期对齐
经营现金流MSMRBLX
| Q4 25 | $29.4M | $607.0M | ||
| Q3 25 | — | $546.2M | ||
| Q2 25 | $151.6M | $199.3M | ||
| Q1 25 | — | $443.9M | ||
| Q4 24 | $101.9M | $184.5M | ||
| Q3 24 | — | $247.4M | ||
| Q2 24 | $143.5M | $151.4M | ||
| Q1 24 | $78.7M | $238.9M |
自由现金流MSMRBLX
| Q4 25 | $7.4M | $308.6M | ||
| Q3 25 | — | $443.6M | ||
| Q2 25 | $100.7M | $176.7M | ||
| Q1 25 | — | $426.5M | ||
| Q4 24 | $81.7M | $120.6M | ||
| Q3 24 | — | $218.0M | ||
| Q2 24 | $114.0M | $111.7M | ||
| Q1 24 | $53.4M | $192.3M |
自由现金流率MSMRBLX
| Q4 25 | 0.8% | 21.8% | ||
| Q3 25 | — | 32.6% | ||
| Q2 25 | 10.4% | 16.3% | ||
| Q1 25 | — | 41.2% | ||
| Q4 24 | 8.8% | 12.2% | ||
| Q3 24 | — | 23.7% | ||
| Q2 24 | 11.6% | 12.5% | ||
| Q1 24 | 5.7% | 24.0% |
资本支出强度MSMRBLX
| Q4 25 | 2.3% | 21.1% | ||
| Q3 25 | — | 7.5% | ||
| Q2 25 | 5.2% | 2.1% | ||
| Q1 25 | — | 1.7% | ||
| Q4 24 | 2.2% | 6.5% | ||
| Q3 24 | — | 3.2% | ||
| Q2 24 | 3.0% | 4.4% | ||
| Q1 24 | 2.7% | 5.8% |
现金转化率MSMRBLX
| Q4 25 | 0.57× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 2.67× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 2.18× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 2.00× | — | ||
| Q1 24 | 1.27× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
