vs
巴诺书店（NE）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的季度营收约是巴诺书店的1.8倍（$1.4B vs $764.4M），巴诺书店净利率更高（11.3% vs 5.8%，领先5.6%），ROKU, INC同比增速更快（16.1% vs -17.6%），ROKU, INC自由现金流更多（$106.6M vs $35.4M），过去两年ROKU, INC的营收复合增速更高（25.8% 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。
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。
NE vs ROKU — 直观对比
营收规模更大
ROKU
是对方的1.8倍
$764.4M
营收增速更快
ROKU
高出33.7%
-17.6%
净利率更高
NE
高出5.6%
5.8%
自由现金流更多
ROKU
多$71.2M
$35.4M
两年增速更快
ROKU
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 | $80.5M |
| 毛利率 | — | 43.5% |
| 营业利润率 | 5.6% | 4.7% |
| 净利率 | 11.3% | 5.8% |
| 营收同比 | -17.6% | 16.1% |
| 净利润同比 | -10.4% | 326.4% |
| 每股收益（稀释后） | $0.54 | $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NEROKU
| Q4 25 | $764.4M | $1.4B | ||
| Q3 25 | $798.0M | $1.2B | ||
| Q2 25 | $848.7M | $1.1B | ||
| Q1 25 | $874.5M | $1.0B | ||
| Q4 24 | $927.3M | $1.2B | ||
| Q3 24 | $800.5M | $1.1B | ||
| Q2 24 | $692.8M | $968.2M | ||
| Q1 24 | $637.1M | $881.5M |
净利润NEROKU
| Q4 25 | $86.6M | $80.5M | ||
| Q3 25 | $-21.1M | $24.8M | ||
| Q2 25 | $42.9M | $10.5M | ||
| Q1 25 | $108.3M | $-27.4M | ||
| Q4 24 | $96.6M | $-35.5M | ||
| Q3 24 | $61.2M | $-9.0M | ||
| Q2 24 | $195.0M | $-34.0M | ||
| Q1 24 | $95.5M | $-50.9M |
毛利率NEROKU
| 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NEROKU
| Q4 25 | 5.6% | 4.7% | ||
| Q3 25 | 6.3% | 0.8% | ||
| Q2 25 | 15.9% | -2.1% | ||
| Q1 25 | 21.4% | -5.7% | ||
| Q4 24 | 18.4% | -3.3% | ||
| Q3 24 | 14.4% | -3.4% | ||
| Q2 24 | 30.3% | -7.4% | ||
| Q1 24 | 16.9% | -8.2% |
净利率NEROKU
| Q4 25 | 11.3% | 5.8% | ||
| Q3 25 | -2.6% | 2.0% | ||
| Q2 25 | 5.1% | 0.9% | ||
| Q1 25 | 12.4% | -2.7% | ||
| Q4 24 | 10.4% | -3.0% | ||
| Q3 24 | 7.6% | -0.9% | ||
| Q2 24 | 28.1% | -3.5% | ||
| Q1 24 | 15.0% | -5.8% |
每股收益（稀释后）NEROKU
| Q4 25 | $0.54 | $0.55 | ||
| Q3 25 | $-0.13 | $0.16 | ||
| Q2 25 | $0.27 | $0.07 | ||
| Q1 25 | $0.67 | $-0.19 | ||
| Q4 24 | $0.56 | $-0.24 | ||
| Q3 24 | $0.40 | $-0.06 | ||
| Q2 24 | $1.34 | $-0.24 | ||
| Q1 24 | $0.66 | $-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 | $471.4M | $2.3B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $4.5B | $2.7B |
| 总资产 | $7.5B | $4.4B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资NEROKU
| Q4 25 | $471.4M | $2.3B | ||
| Q3 25 | $477.9M | $2.3B | ||
| Q2 25 | $338.2M | $2.3B | ||
| Q1 25 | $303.8M | $2.3B | ||
| Q4 24 | $247.3M | $2.2B | ||
| Q3 24 | $391.9M | $2.1B | ||
| Q2 24 | $162.9M | $2.1B | ||
| Q1 24 | $212.5M | $2.1B |
股东权益NEROKU
| Q4 25 | $4.5B | $2.7B | ||
| Q3 25 | $4.5B | $2.6B | ||
| Q2 25 | $4.6B | $2.6B | ||
| Q1 25 | $4.7B | $2.5B | ||
| Q4 24 | $4.7B | $2.5B | ||
| Q3 24 | $4.7B | $2.5B | ||
| Q2 24 | $4.0B | $2.4B | ||
| Q1 24 | $3.9B | $2.4B |
总资产NEROKU
| Q4 25 | $7.5B | $4.4B | ||
| Q3 25 | $7.6B | $4.4B | ||
| Q2 25 | $7.7B | $4.3B | ||
| Q1 25 | $7.9B | $4.2B | ||
| Q4 24 | $8.0B | $4.3B | ||
| Q3 24 | $8.0B | $4.3B | ||
| Q2 24 | $5.6B | $4.1B | ||
| Q1 24 | $5.4B | $4.2B |
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 | $107.7M |
| 自由现金流经营现金流 - 资本支出 | $35.4M | $106.6M |
| 自由现金流率自由现金流/营收 | 4.6% | 7.6% |
| 资本支出强度资本支出/营收 | 19.9% | 0.1% |
| 现金转化率经营现金流/净利润 | 2.16× | 1.34× |
| 过去12个月自由现金流最近4个季度 | $432.2M | $478.4M |
8季度趋势，按日历期对齐
经营现金流NEROKU
| Q4 25 | $187.1M | $107.7M | ||
| Q3 25 | $277.1M | $127.6M | ||
| Q2 25 | $216.4M | $109.7M | ||
| Q1 25 | $271.1M | $138.7M | ||
| Q4 24 | $136.2M | $79.3M | ||
| Q3 24 | $283.8M | $68.7M | ||
| Q2 24 | $106.8M | $23.4M | ||
| Q1 24 | $128.7M | $46.7M |
自由现金流NEROKU
| Q4 25 | $35.4M | $106.6M | ||
| Q3 25 | $139.5M | $126.5M | ||
| Q2 25 | $99.8M | $108.6M | ||
| Q1 25 | $157.5M | $136.8M | ||
| Q4 24 | $-4.4M | $76.8M | ||
| Q3 24 | $156.8M | $67.6M | ||
| Q2 24 | $-34.3M | $22.5M | ||
| Q1 24 | $-37.9M | $46.0M |
自由现金流率NEROKU
| Q4 25 | 4.6% | 7.6% | ||
| Q3 25 | 17.5% | 10.4% | ||
| Q2 25 | 11.8% | 9.8% | ||
| Q1 25 | 18.0% | 13.4% | ||
| Q4 24 | -0.5% | 6.4% | ||
| Q3 24 | 19.6% | 6.4% | ||
| Q2 24 | -4.9% | 2.3% | ||
| Q1 24 | -6.0% | 5.2% |
资本支出强度NEROKU
| Q4 25 | 19.9% | 0.1% | ||
| Q3 25 | 17.3% | 0.1% | ||
| Q2 25 | 13.7% | 0.1% | ||
| Q1 25 | 13.0% | 0.2% | ||
| Q4 24 | 15.2% | 0.2% | ||
| Q3 24 | 15.9% | 0.1% | ||
| Q2 24 | 20.4% | 0.1% | ||
| Q1 24 | 26.2% | 0.1% |
现金转化率NEROKU
| Q4 25 | 2.16× | 1.34× | ||
| Q3 25 | — | 5.14× | ||
| Q2 25 | 5.05× | 10.45× | ||
| 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% |
ROKU
| Services | $1.2B | 88% |
| Products | $170.9M | 12% |
