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巴诺书店（NE）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巴诺书店的1.9倍（$1.4B vs $764.4M），巴诺书店净利率更高（11.3% vs -22.3%，领先33.7%），罗布乐思同比增速更快（43.2% vs -17.6%），罗布乐思自由现金流更多（$308.6M vs $35.4M），过去两年罗布乐思的营收复合增速更高（32.9% vs 9.5%）
巴诺书店是美国知名连锁图书零售企业，拥有全美数量最多的实体零售网点，目前在美国境内共运营超过700家线下门店，为消费者提供各类书籍、文创产品及相关文化消费服务。
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。
NE vs RBLX — 直观对比
营收规模更大
RBLX
是对方的1.9倍
$764.4M
营收增速更快
RBLX
高出60.8%
-17.6%
净利率更高
NE
高出33.7%
-22.3%
自由现金流更多
RBLX
多$273.2M
$35.4M
两年增速更快
RBLX
近两年复合增速
9.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $764.4M | $1.4B |
| 净利润 | $86.6M | $-316.0M |
| 毛利率 | — | 77.7% |
| 营业利润率 | 5.6% | -25.3% |
| 净利率 | 11.3% | -22.3% |
| 营收同比 | -17.6% | 43.2% |
| 净利润同比 | -10.4% | -43.9% |
| 每股收益（稀释后） | $0.54 | $-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NERBLX
| Q4 25 | $764.4M | $1.4B | ||
| Q3 25 | $798.0M | $1.4B | ||
| Q2 25 | $848.7M | $1.1B | ||
| Q1 25 | $874.5M | $1.0B | ||
| Q4 24 | $927.3M | $988.2M | ||
| Q3 24 | $800.5M | $919.0M | ||
| Q2 24 | $692.8M | $893.5M | ||
| Q1 24 | $637.1M | $801.3M |
净利润NERBLX
| Q4 25 | $86.6M | $-316.0M | ||
| Q3 25 | $-21.1M | $-255.6M | ||
| Q2 25 | $42.9M | $-278.4M | ||
| Q1 25 | $108.3M | $-215.1M | ||
| Q4 24 | $96.6M | $-219.6M | ||
| Q3 24 | $61.2M | $-239.3M | ||
| Q2 24 | $195.0M | $-205.9M | ||
| Q1 24 | $95.5M | $-270.6M |
毛利率NERBLX
| 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NERBLX
| Q4 25 | 5.6% | -25.3% | ||
| Q3 25 | 6.3% | -21.8% | ||
| Q2 25 | 15.9% | -29.8% | ||
| Q1 25 | 21.4% | -24.6% | ||
| Q4 24 | 18.4% | -24.7% | ||
| Q3 24 | 14.4% | -30.4% | ||
| Q2 24 | 30.3% | -26.6% | ||
| Q1 24 | 16.9% | -37.7% |
净利率NERBLX
| Q4 25 | 11.3% | -22.3% | ||
| Q3 25 | -2.6% | -18.8% | ||
| Q2 25 | 5.1% | -25.8% | ||
| Q1 25 | 12.4% | -20.8% | ||
| Q4 24 | 10.4% | -22.2% | ||
| Q3 24 | 7.6% | -26.0% | ||
| Q2 24 | 28.1% | -23.0% | ||
| Q1 24 | 15.0% | -33.8% |
每股收益（稀释后）NERBLX
| Q4 25 | $0.54 | $-0.44 | ||
| Q3 25 | $-0.13 | $-0.37 | ||
| Q2 25 | $0.27 | $-0.41 | ||
| Q1 25 | $0.67 | $-0.32 | ||
| Q4 24 | $0.56 | $-0.32 | ||
| Q3 24 | $0.40 | $-0.37 | ||
| Q2 24 | $1.34 | $-0.32 | ||
| Q1 24 | $0.66 | $-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 | $471.4M | $3.1B |
| 总债务越低越好 | — | $1.2B |
| 股东权益账面价值 | $4.5B | $394.5M |
| 总资产 | $7.5B | $9.6B |
| 负债/权益比越低杠杆越低 | — | 2.98× |
8季度趋势，按日历期对齐
现金及短期投资NERBLX
| Q4 25 | $471.4M | $3.1B | ||
| Q3 25 | $477.9M | $2.9B | ||
| Q2 25 | $338.2M | $2.6B | ||
| Q1 25 | $303.8M | $2.7B | ||
| Q4 24 | $247.3M | $2.4B | ||
| Q3 24 | $391.9M | $2.3B | ||
| Q2 24 | $162.9M | $2.4B | ||
| Q1 24 | $212.5M | $2.4B |
总债务NERBLX
| Q4 25 | — | $1.2B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益NERBLX
| Q4 25 | $4.5B | $394.5M | ||
| Q3 25 | $4.5B | $407.6M | ||
| Q2 25 | $4.6B | $353.2M | ||
| Q1 25 | $4.7B | $310.7M | ||
| Q4 24 | $4.7B | $221.4M | ||
| Q3 24 | $4.7B | $189.9M | ||
| Q2 24 | $4.0B | $121.5M | ||
| Q1 24 | $3.9B | $71.6M |
总资产NERBLX
| Q4 25 | $7.5B | $9.6B | ||
| Q3 25 | $7.6B | $8.6B | ||
| Q2 25 | $7.7B | $7.8B | ||
| Q1 25 | $7.9B | $7.5B | ||
| Q4 24 | $8.0B | $7.2B | ||
| Q3 24 | $8.0B | $6.7B | ||
| Q2 24 | $5.6B | $6.5B | ||
| Q1 24 | $5.4B | $6.3B |
负债/权益比NERBLX
| Q4 25 | — | 2.98× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 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 | $187.1M | $607.0M |
| 自由现金流经营现金流 - 资本支出 | $35.4M | $308.6M |
| 自由现金流率自由现金流/营收 | 4.6% | 21.8% |
| 资本支出强度资本支出/营收 | 19.9% | 21.1% |
| 现金转化率经营现金流/净利润 | 2.16× | — |
| 过去12个月自由现金流最近4个季度 | $432.2M | $1.4B |
8季度趋势，按日历期对齐
经营现金流NERBLX
| Q4 25 | $187.1M | $607.0M | ||
| Q3 25 | $277.1M | $546.2M | ||
| Q2 25 | $216.4M | $199.3M | ||
| Q1 25 | $271.1M | $443.9M | ||
| Q4 24 | $136.2M | $184.5M | ||
| Q3 24 | $283.8M | $247.4M | ||
| Q2 24 | $106.8M | $151.4M | ||
| Q1 24 | $128.7M | $238.9M |
自由现金流NERBLX
| Q4 25 | $35.4M | $308.6M | ||
| Q3 25 | $139.5M | $443.6M | ||
| Q2 25 | $99.8M | $176.7M | ||
| Q1 25 | $157.5M | $426.5M | ||
| Q4 24 | $-4.4M | $120.6M | ||
| Q3 24 | $156.8M | $218.0M | ||
| Q2 24 | $-34.3M | $111.7M | ||
| Q1 24 | $-37.9M | $192.3M |
自由现金流率NERBLX
| Q4 25 | 4.6% | 21.8% | ||
| Q3 25 | 17.5% | 32.6% | ||
| Q2 25 | 11.8% | 16.3% | ||
| Q1 25 | 18.0% | 41.2% | ||
| Q4 24 | -0.5% | 12.2% | ||
| Q3 24 | 19.6% | 23.7% | ||
| Q2 24 | -4.9% | 12.5% | ||
| Q1 24 | -6.0% | 24.0% |
资本支出强度NERBLX
| Q4 25 | 19.9% | 21.1% | ||
| Q3 25 | 17.3% | 7.5% | ||
| Q2 25 | 13.7% | 2.1% | ||
| Q1 25 | 13.0% | 1.7% | ||
| Q4 24 | 15.2% | 6.5% | ||
| Q3 24 | 15.9% | 3.2% | ||
| Q2 24 | 20.4% | 4.4% | ||
| Q1 24 | 26.2% | 5.8% |
现金转化率NERBLX
| Q4 25 | 2.16× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 5.05× | — | ||
| Q1 25 | 2.50× | — | ||
| Q4 24 | 1.41× | — | ||
| Q3 24 | 4.64× | — | ||
| Q2 24 | 0.55× | — | ||
| Q1 24 | 1.35× | — |
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
NE
| Floaters | $559.8M | 73% |
| Jackups | $145.5M | 19% |
| Service Other | $59.1M | 8% |
RBLX
暂无分部数据
