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纳斯达克（NDAQ）与ROKU, INC（ROKU）财务数据对比。点击上方公司名可切换其他公司
纳斯达克的季度营收约是ROKU, INC的1.5倍（$2.1B vs $1.4B），纳斯达克净利率更高（24.3% vs 5.8%，领先18.5%），ROKU, INC同比增速更快（16.1% vs 2.0%），过去两年ROKU, INC的营收复合增速更高（25.8% vs 9.2%）
纳斯达克是美国的证券交易所，市值规模在全球证券交易所中排名第二，也是全球首个完全电子化的股票市场。其总部位于纽约曼哈顿，是美国交易量领先、活跃度最高的股票交易场所之一。
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。
NDAQ vs ROKU — 直观对比
营收规模更大
NDAQ
是对方的1.5倍
$1.4B
营收增速更快
ROKU
高出14.2%
2.0%
净利率更高
NDAQ
高出18.5%
5.8%
两年增速更快
ROKU
近两年复合增速
9.2%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.1B | $1.4B |
| 净利润 | $519.0M | $80.5M |
| 毛利率 | — | 43.5% |
| 营业利润率 | 30.7% | 4.7% |
| 净利率 | 24.3% | 5.8% |
| 营收同比 | 2.0% | 16.1% |
| 净利润同比 | 31.4% | 326.4% |
| 每股收益（稀释后） | $0.91 | $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NDAQROKU
| Q1 26 | $2.1B | — | ||
| Q4 25 | $2.1B | $1.4B | ||
| Q3 25 | $2.0B | $1.2B | ||
| Q2 25 | $2.1B | $1.1B | ||
| Q1 25 | $2.1B | $1.0B | ||
| Q4 24 | $2.0B | $1.2B | ||
| Q3 24 | $1.9B | $1.1B | ||
| Q2 24 | $1.8B | $968.2M |
净利润NDAQROKU
| Q1 26 | $519.0M | — | ||
| Q4 25 | $518.0M | $80.5M | ||
| Q3 25 | $423.0M | $24.8M | ||
| Q2 25 | $452.0M | $10.5M | ||
| Q1 25 | $395.0M | $-27.4M | ||
| Q4 24 | $355.0M | $-35.5M | ||
| Q3 24 | $306.0M | $-9.0M | ||
| Q2 24 | $222.0M | $-34.0M |
毛利率NDAQROKU
| Q1 26 | — | — | ||
| Q4 25 | 65.5% | 43.5% | ||
| Q3 25 | 67.2% | 43.4% | ||
| Q2 25 | 62.5% | 44.8% | ||
| Q1 25 | 59.2% | 43.6% | ||
| Q4 24 | 60.4% | 42.7% | ||
| Q3 24 | 60.3% | 45.2% | ||
| Q2 24 | 64.7% | 43.9% |
营业利润率NDAQROKU
| Q1 26 | 30.7% | — | ||
| Q4 25 | 29.7% | 4.7% | ||
| Q3 25 | 29.9% | 0.8% | ||
| Q2 25 | 27.2% | -2.1% | ||
| Q1 25 | 26.2% | -5.7% | ||
| Q4 24 | 25.4% | -3.3% | ||
| Q3 24 | 23.6% | -3.4% | ||
| Q2 24 | 23.6% | -7.4% |
净利率NDAQROKU
| Q1 26 | 24.3% | — | ||
| Q4 25 | 24.4% | 5.8% | ||
| Q3 25 | 21.6% | 2.0% | ||
| Q2 25 | 21.6% | 0.9% | ||
| Q1 25 | 18.9% | -2.7% | ||
| Q4 24 | 17.5% | -3.0% | ||
| Q3 24 | 16.1% | -0.9% | ||
| Q2 24 | 12.4% | -3.5% |
每股收益（稀释后）NDAQROKU
| Q1 26 | $0.91 | — | ||
| Q4 25 | $0.90 | $0.55 | ||
| Q3 25 | $0.73 | $0.16 | ||
| Q2 25 | $0.78 | $0.07 | ||
| Q1 25 | $0.68 | $-0.19 | ||
| Q4 24 | $0.62 | $-0.24 | ||
| Q3 24 | $0.53 | $-0.06 | ||
| Q2 24 | $0.38 | $-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 | $515.0M | $2.3B |
| 总债务越低越好 | $9.0B | — |
| 股东权益账面价值 | $12.0B | $2.7B |
| 总资产 | $27.3B | $4.4B |
| 负债/权益比越低杠杆越低 | 0.74× | — |
8季度趋势，按日历期对齐
现金及短期投资NDAQROKU
| Q1 26 | $515.0M | — | ||
| Q4 25 | $604.0M | $2.3B | ||
| Q3 25 | $470.0M | $2.3B | ||
| Q2 25 | $732.0M | $2.3B | ||
| Q1 25 | $690.0M | $2.3B | ||
| Q4 24 | $592.0M | $2.2B | ||
| Q3 24 | $266.0M | $2.1B | ||
| Q2 24 | $416.0M | $2.1B |
总债务NDAQROKU
| Q1 26 | $9.0B | — | ||
| Q4 25 | $8.6B | — | ||
| Q3 25 | $8.7B | — | ||
| Q2 25 | $8.7B | — | ||
| Q1 25 | $8.9B | — | ||
| Q4 24 | $9.1B | — | ||
| Q3 24 | $9.4B | — | ||
| Q2 24 | $9.2B | — |
股东权益NDAQROKU
| Q1 26 | $12.0B | — | ||
| Q4 25 | $12.2B | $2.7B | ||
| Q3 25 | $12.0B | $2.6B | ||
| Q2 25 | $11.8B | $2.6B | ||
| Q1 25 | $11.5B | $2.5B | ||
| Q4 24 | $11.2B | $2.5B | ||
| Q3 24 | $11.1B | $2.5B | ||
| Q2 24 | $10.9B | $2.4B |
总资产NDAQROKU
| Q1 26 | $27.3B | — | ||
| Q4 25 | $31.1B | $4.4B | ||
| Q3 25 | $30.7B | $4.4B | ||
| Q2 25 | $30.4B | $4.3B | ||
| Q1 25 | $30.6B | $4.2B | ||
| Q4 24 | $30.4B | $4.3B | ||
| Q3 24 | $30.6B | $4.3B | ||
| Q2 24 | $30.2B | $4.1B |
负债/权益比NDAQROKU
| Q1 26 | 0.74× | — | ||
| Q4 25 | 0.70× | — | ||
| Q3 25 | 0.72× | — | ||
| Q2 25 | 0.73× | — | ||
| Q1 25 | 0.77× | — | ||
| Q4 24 | 0.81× | — | ||
| Q3 24 | 0.85× | — | ||
| Q2 24 | 0.85× | — |
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 | — | $107.7M |
| 自由现金流经营现金流 - 资本支出 | — | $106.6M |
| 自由现金流率自由现金流/营收 | — | 7.6% |
| 资本支出强度资本支出/营收 | — | 0.1% |
| 现金转化率经营现金流/净利润 | — | 1.34× |
| 过去12个月自由现金流最近4个季度 | — | $478.4M |
8季度趋势，按日历期对齐
经营现金流NDAQROKU
| Q1 26 | — | — | ||
| Q4 25 | $625.0M | $107.7M | ||
| Q3 25 | $221.0M | $127.6M | ||
| Q2 25 | $746.0M | $109.7M | ||
| Q1 25 | $663.0M | $138.7M | ||
| Q4 24 | $705.0M | $79.3M | ||
| Q3 24 | $244.0M | $68.7M | ||
| Q2 24 | $460.0M | $23.4M |
自由现金流NDAQROKU
| Q1 26 | — | — | ||
| Q4 25 | $536.0M | $106.6M | ||
| Q3 25 | $152.0M | $126.5M | ||
| Q2 25 | $687.0M | $108.6M | ||
| Q1 25 | $614.0M | $136.8M | ||
| Q4 24 | $645.0M | $76.8M | ||
| Q3 24 | $188.0M | $67.6M | ||
| Q2 24 | $408.0M | $22.5M |
自由现金流率NDAQROKU
| Q1 26 | — | — | ||
| Q4 25 | 25.2% | 7.6% | ||
| Q3 25 | 7.8% | 10.4% | ||
| Q2 25 | 32.9% | 9.8% | ||
| Q1 25 | 29.4% | 13.4% | ||
| Q4 24 | 31.7% | 6.4% | ||
| Q3 24 | 9.9% | 6.4% | ||
| Q2 24 | 22.8% | 2.3% |
资本支出强度NDAQROKU
| Q1 26 | — | — | ||
| Q4 25 | 4.2% | 0.1% | ||
| Q3 25 | 3.5% | 0.1% | ||
| Q2 25 | 2.8% | 0.1% | ||
| Q1 25 | 2.3% | 0.2% | ||
| Q4 24 | 3.0% | 0.2% | ||
| Q3 24 | 2.9% | 0.1% | ||
| Q2 24 | 2.9% | 0.1% |
现金转化率NDAQROKU
| Q1 26 | — | — | ||
| Q4 25 | 1.21× | 1.34× | ||
| Q3 25 | 0.52× | 5.14× | ||
| Q2 25 | 1.65× | 10.45× | ||
| Q1 25 | 1.68× | — | ||
| Q4 24 | 1.99× | — | ||
| Q3 24 | 0.80× | — | ||
| Q2 24 | 2.07× | — |
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
NDAQ
| Market Services | $1.0B | 49% |
| Capital Access Platforms | $565.0M | 26% |
| Financial Technology | $517.0M | 24% |
| Other Revenues | $8.0M | 0% |
ROKU
| Services | $1.2B | 88% |
| Products | $170.9M | 12% |
