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NCR Atleos Corp（NATL）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NCR Atleos Corp的1.2倍（$1.4B vs $1.2B），NCR Atleos Corp净利率更高（7.2% vs -22.3%，领先29.5%），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 $194.0M），过去两年罗布乐思的营收复合增速更高（32.9% vs 4.9%）
NCR Atleos Corp 前身为NCR公司（National Cash Register），是全球知名的软件、咨询与技术企业，提供多元专业服务与电子产品，业务覆盖自助服务 kiosk、销售点终端、自动柜员机、支票处理系统、条码扫描器等商用软硬件的研发与生产，服务全球各行业客户的数字化运营需求。
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。
NATL vs RBLX — 直观对比
营收规模更大
RBLX
是对方的1.2倍
$1.2B
营收增速更快
RBLX
高出39.2%
4.0%
净利率更高
NATL
高出29.5%
-22.3%
自由现金流更多
RBLX
多$114.6M
$194.0M
两年增速更快
RBLX
近两年复合增速
4.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $1.4B |
| 净利润 | $83.0M | $-316.0M |
| 毛利率 | — | 77.7% |
| 营业利润率 | 13.5% | -25.3% |
| 净利率 | 7.2% | -22.3% |
| 营收同比 | 4.0% | 43.2% |
| 净利润同比 | 102.4% | -43.9% |
| 每股收益（稀释后） | $1.09 | $-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NATLRBLX
| Q4 25 | $1.2B | $1.4B | ||
| Q3 25 | $1.1B | $1.4B | ||
| Q2 25 | $1.1B | $1.1B | ||
| Q1 25 | $979.0M | $1.0B | ||
| Q4 24 | $1.1B | $988.2M | ||
| Q3 24 | $1.1B | $919.0M | ||
| Q2 24 | $1.1B | $893.5M | ||
| Q1 24 | $1.0B | $801.3M |
净利润NATLRBLX
| Q4 25 | $83.0M | $-316.0M | ||
| Q3 25 | $26.0M | $-255.6M | ||
| Q2 25 | $39.0M | $-278.4M | ||
| Q1 25 | $14.0M | $-215.1M | ||
| Q4 24 | $41.0M | $-219.6M | ||
| Q3 24 | $21.0M | $-239.3M | ||
| Q2 24 | $27.0M | $-205.9M | ||
| Q1 24 | $-9.0M | $-270.6M |
毛利率NATLRBLX
| Q4 25 | — | 77.7% | ||
| Q3 25 | — | 78.2% | ||
| Q2 25 | — | 78.2% | ||
| Q1 25 | — | 78.3% | ||
| Q4 24 | — | 77.9% | ||
| Q3 24 | — | 77.7% | ||
| Q2 24 | — | 77.8% | ||
| Q1 24 | — | 77.7% |
营业利润率NATLRBLX
| Q4 25 | 13.5% | -25.3% | ||
| Q3 25 | 9.8% | -21.8% | ||
| Q2 25 | 10.8% | -29.8% | ||
| Q1 25 | 9.5% | -24.6% | ||
| Q4 24 | 13.4% | -24.7% | ||
| Q3 24 | 10.6% | -30.4% | ||
| Q2 24 | 9.8% | -26.6% | ||
| Q1 24 | 6.5% | -37.7% |
净利率NATLRBLX
| Q4 25 | 7.2% | -22.3% | ||
| Q3 25 | 2.3% | -18.8% | ||
| Q2 25 | 3.5% | -25.8% | ||
| Q1 25 | 1.4% | -20.8% | ||
| Q4 24 | 3.7% | -22.2% | ||
| Q3 24 | 2.0% | -26.0% | ||
| Q2 24 | 2.5% | -23.0% | ||
| Q1 24 | -0.9% | -33.8% |
每股收益（稀释后）NATLRBLX
| Q4 25 | $1.09 | $-0.44 | ||
| Q3 25 | $0.34 | $-0.37 | ||
| Q2 25 | $0.52 | $-0.41 | ||
| Q1 25 | $0.19 | $-0.32 | ||
| Q4 24 | $0.56 | $-0.32 | ||
| Q3 24 | $0.28 | $-0.37 | ||
| Q2 24 | $0.37 | $-0.32 | ||
| Q1 24 | $-0.13 | $-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 | $456.0M | $3.1B |
| 总债务越低越好 | $2.7B | $1.2B |
| 股东权益账面价值 | $403.0M | $394.5M |
| 总资产 | $5.7B | $9.6B |
| 负债/权益比越低杠杆越低 | 6.63× | 2.98× |
8季度趋势，按日历期对齐
现金及短期投资NATLRBLX
| Q4 25 | $456.0M | $3.1B | ||
| Q3 25 | $412.0M | $2.9B | ||
| Q2 25 | $357.0M | $2.6B | ||
| Q1 25 | $352.0M | $2.7B | ||
| Q4 24 | $419.0M | $2.4B | ||
| Q3 24 | $395.0M | $2.3B | ||
| Q2 24 | $374.0M | $2.4B | ||
| Q1 24 | $343.0M | $2.4B |
总债务NATLRBLX
| Q4 25 | $2.7B | $1.2B | ||
| Q3 25 | $2.8B | — | ||
| Q2 25 | $2.8B | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $2.9B | $1.2B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益NATLRBLX
| Q4 25 | $403.0M | $394.5M | ||
| Q3 25 | $330.0M | $407.6M | ||
| Q2 25 | $350.0M | $353.2M | ||
| Q1 25 | $275.0M | $310.7M | ||
| Q4 24 | $219.0M | $221.4M | ||
| Q3 24 | $264.0M | $189.9M | ||
| Q2 24 | $250.0M | $121.5M | ||
| Q1 24 | $283.0M | $71.6M |
总资产NATLRBLX
| Q4 25 | $5.7B | $9.6B | ||
| Q3 25 | $5.7B | $8.6B | ||
| Q2 25 | $5.8B | $7.8B | ||
| Q1 25 | $5.7B | $7.5B | ||
| Q4 24 | $5.5B | $7.2B | ||
| Q3 24 | $5.7B | $6.7B | ||
| Q2 24 | $5.8B | $6.5B | ||
| Q1 24 | $5.8B | $6.3B |
负债/权益比NATLRBLX
| Q4 25 | 6.63× | 2.98× | ||
| Q3 25 | 8.45× | — | ||
| Q2 25 | 8.05× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 13.05× | 5.48× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $231.0M | $607.0M |
| 自由现金流经营现金流 - 资本支出 | $194.0M | $308.6M |
| 自由现金流率自由现金流/营收 | 16.8% | 21.8% |
| 资本支出强度资本支出/营收 | 3.2% | 21.1% |
| 现金转化率经营现金流/净利润 | 2.78× | — |
| 过去12个月自由现金流最近4个季度 | $239.0M | $1.4B |
8季度趋势，按日历期对齐
经营现金流NATLRBLX
| Q4 25 | $231.0M | $607.0M | ||
| Q3 25 | $25.0M | $546.2M | ||
| Q2 25 | $-23.0M | $199.3M | ||
| Q1 25 | $123.0M | $443.9M | ||
| Q4 24 | $80.0M | $184.5M | ||
| Q3 24 | $107.0M | $247.4M | ||
| Q2 24 | $9.0M | $151.4M | ||
| Q1 24 | $148.0M | $238.9M |
自由现金流NATLRBLX
| Q4 25 | $194.0M | $308.6M | ||
| Q3 25 | $-5.0M | $443.6M | ||
| Q2 25 | $-44.0M | $176.7M | ||
| Q1 25 | $94.0M | $426.5M | ||
| Q4 24 | $62.0M | $120.6M | ||
| Q3 24 | $85.0M | $218.0M | ||
| Q2 24 | $-14.0M | $111.7M | ||
| Q1 24 | $124.0M | $192.3M |
自由现金流率NATLRBLX
| Q4 25 | 16.8% | 21.8% | ||
| Q3 25 | -0.4% | 32.6% | ||
| Q2 25 | -4.0% | 16.3% | ||
| Q1 25 | 9.6% | 41.2% | ||
| Q4 24 | 5.6% | 12.2% | ||
| Q3 24 | 7.9% | 23.7% | ||
| Q2 24 | -1.3% | 12.5% | ||
| Q1 24 | 11.9% | 24.0% |
资本支出强度NATLRBLX
| Q4 25 | 3.2% | 21.1% | ||
| Q3 25 | 2.7% | 7.5% | ||
| Q2 25 | 1.9% | 2.1% | ||
| Q1 25 | 3.0% | 1.7% | ||
| Q4 24 | 1.6% | 6.5% | ||
| Q3 24 | 2.1% | 3.2% | ||
| Q2 24 | 2.1% | 4.4% | ||
| Q1 24 | 2.3% | 5.8% |
现金转化率NATLRBLX
| Q4 25 | 2.78× | — | ||
| Q3 25 | 0.96× | — | ||
| Q2 25 | -0.59× | — | ||
| Q1 25 | 8.79× | — | ||
| Q4 24 | 1.95× | — | ||
| Q3 24 | 5.10× | — | ||
| Q2 24 | 0.33× | — | ||
| 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
NATL
| Services | $848.0M | 74% |
| APJ | $136.0M | 12% |
| Americas Excluding United States | $135.0M | 12% |
| TT | $44.0M | 4% |
RBLX
暂无分部数据
