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NCR Atleos Corp（NATL）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NCR Atleos Corp的1.2倍（$1.4B vs $1.2B），NCR Atleos Corp净利率更高（7.2% vs 5.8%，领先1.4%），ROKU, INC同比增速更快（16.1% vs 4.0%），NCR Atleos Corp自由现金流更多（$194.0M vs $106.6M），过去两年ROKU, INC的营收复合增速更高（25.8% 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。
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。
NATL vs ROKU — 直观对比
营收规模更大
ROKU
是对方的1.2倍
$1.2B
营收增速更快
ROKU
高出12.2%
4.0%
净利率更高
NATL
高出1.4%
5.8%
自由现金流更多
NATL
多$87.4M
$106.6M
两年增速更快
ROKU
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 | $80.5M |
| 毛利率 | — | 43.5% |
| 营业利润率 | 13.5% | 4.7% |
| 净利率 | 7.2% | 5.8% |
| 营收同比 | 4.0% | 16.1% |
| 净利润同比 | 102.4% | 326.4% |
| 每股收益（稀释后） | $1.09 | $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NATLROKU
| Q4 25 | $1.2B | $1.4B | ||
| Q3 25 | $1.1B | $1.2B | ||
| Q2 25 | $1.1B | $1.1B | ||
| Q1 25 | $979.0M | $1.0B | ||
| Q4 24 | $1.1B | $1.2B | ||
| Q3 24 | $1.1B | $1.1B | ||
| Q2 24 | $1.1B | $968.2M | ||
| Q1 24 | $1.0B | $881.5M |
净利润NATLROKU
| Q4 25 | $83.0M | $80.5M | ||
| Q3 25 | $26.0M | $24.8M | ||
| Q2 25 | $39.0M | $10.5M | ||
| Q1 25 | $14.0M | $-27.4M | ||
| Q4 24 | $41.0M | $-35.5M | ||
| Q3 24 | $21.0M | $-9.0M | ||
| Q2 24 | $27.0M | $-34.0M | ||
| Q1 24 | $-9.0M | $-50.9M |
毛利率NATLROKU
| Q4 25 | — | 43.5% | ||
| Q3 25 | — | 43.4% | ||
| Q2 25 | — | 44.8% | ||
| Q1 25 | — | 43.6% | ||
| Q4 24 | — | 42.7% | ||
| Q3 24 | — | 45.2% | ||
| Q2 24 | — | 43.9% | ||
| Q1 24 | — | 44.1% |
营业利润率NATLROKU
| Q4 25 | 13.5% | 4.7% | ||
| Q3 25 | 9.8% | 0.8% | ||
| Q2 25 | 10.8% | -2.1% | ||
| Q1 25 | 9.5% | -5.7% | ||
| Q4 24 | 13.4% | -3.3% | ||
| Q3 24 | 10.6% | -3.4% | ||
| Q2 24 | 9.8% | -7.4% | ||
| Q1 24 | 6.5% | -8.2% |
净利率NATLROKU
| Q4 25 | 7.2% | 5.8% | ||
| Q3 25 | 2.3% | 2.0% | ||
| Q2 25 | 3.5% | 0.9% | ||
| Q1 25 | 1.4% | -2.7% | ||
| Q4 24 | 3.7% | -3.0% | ||
| Q3 24 | 2.0% | -0.9% | ||
| Q2 24 | 2.5% | -3.5% | ||
| Q1 24 | -0.9% | -5.8% |
每股收益（稀释后）NATLROKU
| Q4 25 | $1.09 | $0.55 | ||
| Q3 25 | $0.34 | $0.16 | ||
| Q2 25 | $0.52 | $0.07 | ||
| Q1 25 | $0.19 | $-0.19 | ||
| Q4 24 | $0.56 | $-0.24 | ||
| Q3 24 | $0.28 | $-0.06 | ||
| Q2 24 | $0.37 | $-0.24 | ||
| Q1 24 | $-0.13 | $-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 | $456.0M | $2.3B |
| 总债务越低越好 | $2.7B | — |
| 股东权益账面价值 | $403.0M | $2.7B |
| 总资产 | $5.7B | $4.4B |
| 负债/权益比越低杠杆越低 | 6.63× | — |
8季度趋势，按日历期对齐
现金及短期投资NATLROKU
| Q4 25 | $456.0M | $2.3B | ||
| Q3 25 | $412.0M | $2.3B | ||
| Q2 25 | $357.0M | $2.3B | ||
| Q1 25 | $352.0M | $2.3B | ||
| Q4 24 | $419.0M | $2.2B | ||
| Q3 24 | $395.0M | $2.1B | ||
| Q2 24 | $374.0M | $2.1B | ||
| Q1 24 | $343.0M | $2.1B |
总债务NATLROKU
| Q4 25 | $2.7B | — | ||
| Q3 25 | $2.8B | — | ||
| Q2 25 | $2.8B | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $2.9B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益NATLROKU
| Q4 25 | $403.0M | $2.7B | ||
| Q3 25 | $330.0M | $2.6B | ||
| Q2 25 | $350.0M | $2.6B | ||
| Q1 25 | $275.0M | $2.5B | ||
| Q4 24 | $219.0M | $2.5B | ||
| Q3 24 | $264.0M | $2.5B | ||
| Q2 24 | $250.0M | $2.4B | ||
| Q1 24 | $283.0M | $2.4B |
总资产NATLROKU
| Q4 25 | $5.7B | $4.4B | ||
| Q3 25 | $5.7B | $4.4B | ||
| Q2 25 | $5.8B | $4.3B | ||
| Q1 25 | $5.7B | $4.2B | ||
| Q4 24 | $5.5B | $4.3B | ||
| Q3 24 | $5.7B | $4.3B | ||
| Q2 24 | $5.8B | $4.1B | ||
| Q1 24 | $5.8B | $4.2B |
负债/权益比NATLROKU
| Q4 25 | 6.63× | — | ||
| Q3 25 | 8.45× | — | ||
| Q2 25 | 8.05× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 13.05× | — | ||
| 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 | $107.7M |
| 自由现金流经营现金流 - 资本支出 | $194.0M | $106.6M |
| 自由现金流率自由现金流/营收 | 16.8% | 7.6% |
| 资本支出强度资本支出/营收 | 3.2% | 0.1% |
| 现金转化率经营现金流/净利润 | 2.78× | 1.34× |
| 过去12个月自由现金流最近4个季度 | $239.0M | $478.4M |
8季度趋势，按日历期对齐
经营现金流NATLROKU
| Q4 25 | $231.0M | $107.7M | ||
| Q3 25 | $25.0M | $127.6M | ||
| Q2 25 | $-23.0M | $109.7M | ||
| Q1 25 | $123.0M | $138.7M | ||
| Q4 24 | $80.0M | $79.3M | ||
| Q3 24 | $107.0M | $68.7M | ||
| Q2 24 | $9.0M | $23.4M | ||
| Q1 24 | $148.0M | $46.7M |
自由现金流NATLROKU
| Q4 25 | $194.0M | $106.6M | ||
| Q3 25 | $-5.0M | $126.5M | ||
| Q2 25 | $-44.0M | $108.6M | ||
| Q1 25 | $94.0M | $136.8M | ||
| Q4 24 | $62.0M | $76.8M | ||
| Q3 24 | $85.0M | $67.6M | ||
| Q2 24 | $-14.0M | $22.5M | ||
| Q1 24 | $124.0M | $46.0M |
自由现金流率NATLROKU
| Q4 25 | 16.8% | 7.6% | ||
| Q3 25 | -0.4% | 10.4% | ||
| Q2 25 | -4.0% | 9.8% | ||
| Q1 25 | 9.6% | 13.4% | ||
| Q4 24 | 5.6% | 6.4% | ||
| Q3 24 | 7.9% | 6.4% | ||
| Q2 24 | -1.3% | 2.3% | ||
| Q1 24 | 11.9% | 5.2% |
资本支出强度NATLROKU
| Q4 25 | 3.2% | 0.1% | ||
| Q3 25 | 2.7% | 0.1% | ||
| Q2 25 | 1.9% | 0.1% | ||
| Q1 25 | 3.0% | 0.2% | ||
| Q4 24 | 1.6% | 0.2% | ||
| Q3 24 | 2.1% | 0.1% | ||
| Q2 24 | 2.1% | 0.1% | ||
| Q1 24 | 2.3% | 0.1% |
现金转化率NATLROKU
| Q4 25 | 2.78× | 1.34× | ||
| Q3 25 | 0.96× | 5.14× | ||
| Q2 25 | -0.59× | 10.45× | ||
| 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% |
ROKU
| Services | $1.2B | 88% |
| Products | $170.9M | 12% |
