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国民油井华高（NOV）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
国民油井华高的季度营收约是罗布乐思的1.5倍（$2.1B vs $1.4B），国民油井华高净利率更高（1.0% vs -22.3%，领先23.3%），罗布乐思同比增速更快（43.2% vs -9.9%），罗布乐思自由现金流更多（$308.6M vs $51.0M），过去两年罗布乐思的营收复合增速更高（32.9% vs -3.8%）
NOV Inc.（前称国民油井华高）是总部位于美国得克萨斯州休斯顿的跨国企业，为上游油气行业提供钻探及生产作业所需的设备零部件、油田服务及供应链整合服务，在六大洲布局超500个运营点，下设能源设备、能源产品与服务两大业务板块。
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。
NOV vs RBLX — 直观对比
营收规模更大
NOV
是对方的1.5倍
$1.4B
营收增速更快
RBLX
高出53.1%
-9.9%
净利率更高
NOV
高出23.3%
-22.3%
自由现金流更多
RBLX
多$257.6M
$51.0M
两年增速更快
RBLX
近两年复合增速
-3.8%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.1B | $1.4B |
| 净利润 | $20.0M | $-316.0M |
| 毛利率 | 18.5% | 77.7% |
| 营业利润率 | 2.3% | -25.3% |
| 净利率 | 1.0% | -22.3% |
| 营收同比 | -9.9% | 43.2% |
| 净利润同比 | -73.0% | -43.9% |
| 每股收益（稀释后） | $0.05 | $-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NOVRBLX
| Q1 26 | $2.1B | — | ||
| Q4 25 | $2.3B | $1.4B | ||
| Q3 25 | $2.2B | $1.4B | ||
| Q2 25 | $2.2B | $1.1B | ||
| Q1 25 | $2.1B | $1.0B | ||
| Q4 24 | $2.3B | $988.2M | ||
| Q3 24 | $2.2B | $919.0M | ||
| Q2 24 | $2.2B | $893.5M |
净利润NOVRBLX
| Q1 26 | $20.0M | — | ||
| Q4 25 | $-78.0M | $-316.0M | ||
| Q3 25 | $42.0M | $-255.6M | ||
| Q2 25 | $108.0M | $-278.4M | ||
| Q1 25 | $73.0M | $-215.1M | ||
| Q4 24 | $160.0M | $-219.6M | ||
| Q3 24 | $130.0M | $-239.3M | ||
| Q2 24 | $226.0M | $-205.9M |
毛利率NOVRBLX
| Q1 26 | 18.5% | — | ||
| Q4 25 | 20.3% | 77.7% | ||
| Q3 25 | 18.9% | 78.2% | ||
| Q2 25 | 20.4% | 78.2% | ||
| Q1 25 | 21.3% | 78.3% | ||
| Q4 24 | 21.4% | 77.9% | ||
| Q3 24 | 21.4% | 77.7% | ||
| Q2 24 | 26.6% | 77.8% |
营业利润率NOVRBLX
| Q1 26 | 2.3% | — | ||
| Q4 25 | 4.0% | -25.3% | ||
| Q3 25 | 4.9% | -21.8% | ||
| Q2 25 | 6.5% | -29.8% | ||
| Q1 25 | 7.2% | -24.6% | ||
| Q4 24 | 9.0% | -24.7% | ||
| Q3 24 | 8.9% | -30.4% | ||
| Q2 24 | 14.1% | -26.6% |
净利率NOVRBLX
| Q1 26 | 1.0% | — | ||
| Q4 25 | -3.4% | -22.3% | ||
| Q3 25 | 1.9% | -18.8% | ||
| Q2 25 | 4.9% | -25.8% | ||
| Q1 25 | 3.5% | -20.8% | ||
| Q4 24 | 6.9% | -22.2% | ||
| Q3 24 | 5.9% | -26.0% | ||
| Q2 24 | 10.2% | -23.0% |
每股收益（稀释后）NOVRBLX
| Q1 26 | $0.05 | — | ||
| Q4 25 | $-0.20 | $-0.44 | ||
| Q3 25 | $0.11 | $-0.37 | ||
| Q2 25 | $0.29 | $-0.41 | ||
| Q1 25 | $0.19 | $-0.32 | ||
| Q4 24 | $0.40 | $-0.32 | ||
| Q3 24 | $0.33 | $-0.37 | ||
| Q2 24 | $0.57 | $-0.32 |
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 | $1.3B | $3.1B |
| 总债务越低越好 | $1.7B | $1.2B |
| 股东权益账面价值 | — | $394.5M |
| 总资产 | $11.1B | $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NOVRBLX
| Q1 26 | $1.3B | — | ||
| Q4 25 | $1.6B | $3.1B | ||
| Q3 25 | $1.2B | $2.9B | ||
| Q2 25 | $1.1B | $2.6B | ||
| Q1 25 | $1.2B | $2.7B | ||
| Q4 24 | $1.2B | $2.4B | ||
| Q3 24 | $985.0M | $2.3B | ||
| Q2 24 | $827.0M | $2.4B |
总债务NOVRBLX
| Q1 26 | $1.7B | — | ||
| Q4 25 | $1.7B | $1.2B | ||
| Q3 25 | $1.7B | — | ||
| Q2 25 | $1.7B | — | ||
| Q1 25 | $1.7B | — | ||
| Q4 24 | $1.7B | $1.2B | ||
| Q3 24 | $1.7B | — | ||
| Q2 24 | $1.7B | — |
股东权益NOVRBLX
| Q1 26 | — | — | ||
| Q4 25 | $6.3B | $394.5M | ||
| Q3 25 | $6.5B | $407.6M | ||
| Q2 25 | $6.5B | $353.2M | ||
| Q1 25 | $6.4B | $310.7M | ||
| Q4 24 | $6.4B | $221.4M | ||
| Q3 24 | $6.5B | $189.9M | ||
| Q2 24 | $6.4B | $121.5M |
总资产NOVRBLX
| Q1 26 | $11.1B | — | ||
| Q4 25 | $11.3B | $9.6B | ||
| Q3 25 | $11.3B | $8.6B | ||
| Q2 25 | $11.4B | $7.8B | ||
| Q1 25 | $11.3B | $7.5B | ||
| Q4 24 | $11.4B | $7.2B | ||
| Q3 24 | $11.4B | $6.7B | ||
| Q2 24 | $11.3B | $6.5B |
负债/权益比NOVRBLX
| Q1 26 | — | — | ||
| Q4 25 | 0.27× | 2.98× | ||
| Q3 25 | 0.27× | — | ||
| Q2 25 | 0.27× | — | ||
| Q1 25 | 0.27× | — | ||
| Q4 24 | 0.27× | 5.48× | ||
| Q3 24 | 0.27× | — | ||
| Q2 24 | 0.27× | — |
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 | — | $607.0M |
| 自由现金流经营现金流 - 资本支出 | $51.0M | $308.6M |
| 自由现金流率自由现金流/营收 | 2.5% | 21.8% |
| 资本支出强度资本支出/营收 | — | 21.1% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $876.0M | $1.4B |
8季度趋势，按日历期对齐
经营现金流NOVRBLX
| Q1 26 | — | — | ||
| Q4 25 | $573.0M | $607.0M | ||
| Q3 25 | $352.0M | $546.2M | ||
| Q2 25 | $191.0M | $199.3M | ||
| Q1 25 | $135.0M | $443.9M | ||
| Q4 24 | $591.0M | $184.5M | ||
| Q3 24 | $359.0M | $247.4M | ||
| Q2 24 | $432.0M | $151.4M |
自由现金流NOVRBLX
| Q1 26 | $51.0M | — | ||
| Q4 25 | $472.0M | $308.6M | ||
| Q3 25 | $245.0M | $443.6M | ||
| Q2 25 | $108.0M | $176.7M | ||
| Q1 25 | $51.0M | $426.5M | ||
| Q4 24 | $473.0M | $120.6M | ||
| Q3 24 | $277.0M | $218.0M | ||
| Q2 24 | $350.0M | $111.7M |
自由现金流率NOVRBLX
| Q1 26 | 2.5% | — | ||
| Q4 25 | 20.7% | 21.8% | ||
| Q3 25 | 11.3% | 32.6% | ||
| Q2 25 | 4.9% | 16.3% | ||
| Q1 25 | 2.4% | 41.2% | ||
| Q4 24 | 20.5% | 12.2% | ||
| Q3 24 | 12.6% | 23.7% | ||
| Q2 24 | 15.8% | 12.5% |
资本支出强度NOVRBLX
| Q1 26 | — | — | ||
| Q4 25 | 4.4% | 21.1% | ||
| Q3 25 | 4.9% | 7.5% | ||
| Q2 25 | 3.8% | 2.1% | ||
| Q1 25 | 4.0% | 1.7% | ||
| Q4 24 | 5.1% | 6.5% | ||
| Q3 24 | 3.7% | 3.2% | ||
| Q2 24 | 3.7% | 4.4% |
现金转化率NOVRBLX
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 8.38× | — | ||
| Q2 25 | 1.77× | — | ||
| Q1 25 | 1.85× | — | ||
| Q4 24 | 3.69× | — | ||
| Q3 24 | 2.76× | — | ||
| Q2 24 | 1.91× | — |
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
NOV
| Energy Equipment | $1.2B | 58% |
| Energy Products and Services | $897.0M | 44% |
RBLX
暂无分部数据
