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INSPERITY, INC.（NSP）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
INSPERITY, INC.的季度营收约是罗布乐思的1.2倍（$1.7B vs $1.4B），罗布乐思同比增速更快（43.2% vs 3.4%），罗布乐思自由现金流更多（$308.6M vs $246.0M），过去两年罗布乐思的营收复合增速更高（32.9% vs -3.8%）
Insperity（前身为Administaff）是总部位于美国得克萨斯州休斯顿金伍德区的专业雇主组织（PEO），专注为中小微企业提供人力资源及行政事务外包等相关服务。自2004年起，该企业长期担任冠军巡回赛职业高尔夫赛事的冠名赞助商。
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。
NSP vs RBLX — 直观对比
营收规模更大
NSP
是对方的1.2倍
$1.4B
营收增速更快
RBLX
高出39.8%
3.4%
自由现金流更多
RBLX
多$62.6M
$246.0M
两年增速更快
RBLX
近两年复合增速
-3.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.7B | $1.4B |
| 净利润 | — | $-316.0M |
| 毛利率 | 10.3% | 77.7% |
| 营业利润率 | -2.8% | -25.3% |
| 净利率 | — | -22.3% |
| 营收同比 | 3.4% | 43.2% |
| 净利润同比 | — | -43.9% |
| 每股收益（稀释后） | $-0.87 | $-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NSPRBLX
| Q4 25 | $1.7B | $1.4B | ||
| Q3 25 | $1.6B | $1.4B | ||
| Q2 25 | $1.7B | $1.1B | ||
| Q1 25 | $1.9B | $1.0B | ||
| Q4 24 | $1.6B | $988.2M | ||
| Q3 24 | $1.6B | $919.0M | ||
| Q2 24 | $1.6B | $893.5M | ||
| Q1 24 | $1.8B | $801.3M |
净利润NSPRBLX
| Q4 25 | — | $-316.0M | ||
| Q3 25 | $-20.0M | $-255.6M | ||
| Q2 25 | $-5.0M | $-278.4M | ||
| Q1 25 | $51.0M | $-215.1M | ||
| Q4 24 | — | $-219.6M | ||
| Q3 24 | $3.0M | $-239.3M | ||
| Q2 24 | $18.0M | $-205.9M | ||
| Q1 24 | $79.0M | $-270.6M |
毛利率NSPRBLX
| Q4 25 | 10.3% | 77.7% | ||
| Q3 25 | 12.0% | 78.2% | ||
| Q2 25 | 13.4% | 78.2% | ||
| Q1 25 | 16.6% | 78.3% | ||
| Q4 24 | 13.5% | 77.9% | ||
| Q3 24 | 14.7% | 77.7% | ||
| Q2 24 | 16.2% | 77.8% | ||
| Q1 24 | 19.1% | 77.7% |
营业利润率NSPRBLX
| Q4 25 | -2.8% | -25.3% | ||
| Q3 25 | -1.5% | -21.8% | ||
| Q2 25 | -0.4% | -29.8% | ||
| Q1 25 | 3.7% | -24.6% | ||
| Q4 24 | -0.9% | -24.7% | ||
| Q3 24 | 0.1% | -30.4% | ||
| Q2 24 | 1.4% | -26.6% | ||
| Q1 24 | 6.0% | -37.7% |
净利率NSPRBLX
| Q4 25 | — | -22.3% | ||
| Q3 25 | -1.2% | -18.8% | ||
| Q2 25 | -0.3% | -25.8% | ||
| Q1 25 | 2.7% | -20.8% | ||
| Q4 24 | — | -22.2% | ||
| Q3 24 | 0.2% | -26.0% | ||
| Q2 24 | 1.1% | -23.0% | ||
| Q1 24 | 4.4% | -33.8% |
每股收益（稀释后）NSPRBLX
| Q4 25 | $-0.87 | $-0.44 | ||
| Q3 25 | $-0.53 | $-0.37 | ||
| Q2 25 | $-0.14 | $-0.41 | ||
| Q1 25 | $1.35 | $-0.32 | ||
| Q4 24 | $-0.21 | $-0.32 | ||
| Q3 24 | $0.07 | $-0.37 | ||
| Q2 24 | $0.48 | $-0.32 | ||
| Q1 24 | $2.08 | $-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 | $682.0M | $3.1B |
| 总债务越低越好 | — | $1.2B |
| 股东权益账面价值 | $46.0M | $394.5M |
| 总资产 | $2.2B | $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NSPRBLX
| Q4 25 | $682.0M | $3.1B | ||
| Q3 25 | $521.0M | $2.9B | ||
| Q2 25 | $511.0M | $2.6B | ||
| Q1 25 | $684.0M | $2.7B | ||
| Q4 24 | $1.2B | $2.4B | ||
| Q3 24 | $596.0M | $2.3B | ||
| Q2 24 | $850.0M | $2.4B | ||
| Q1 24 | $801.0M | $2.4B |
总债务NSPRBLX
| Q4 25 | — | $1.2B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益NSPRBLX
| Q4 25 | $46.0M | $394.5M | ||
| Q3 25 | $87.0M | $407.6M | ||
| Q2 25 | $112.0M | $353.2M | ||
| Q1 25 | $119.0M | $310.7M | ||
| Q4 24 | $97.0M | $221.4M | ||
| Q3 24 | $125.0M | $189.9M | ||
| Q2 24 | $142.0M | $121.5M | ||
| Q1 24 | $140.0M | $71.6M |
总资产NSPRBLX
| Q4 25 | $2.2B | $9.6B | ||
| Q3 25 | $2.0B | $8.6B | ||
| Q2 25 | $2.0B | $7.8B | ||
| Q1 25 | $2.1B | $7.5B | ||
| Q4 24 | $2.6B | $7.2B | ||
| Q3 24 | $1.9B | $6.7B | ||
| Q2 24 | $2.1B | $6.5B | ||
| Q1 24 | $2.1B | $6.3B |
负债/权益比NSPRBLX
| 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 | $255.0M | $607.0M |
| 自由现金流经营现金流 - 资本支出 | $246.0M | $308.6M |
| 自由现金流率自由现金流/营收 | 14.7% | 21.8% |
| 资本支出强度资本支出/营收 | 0.5% | 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 | $-309.0M | $1.4B |
8季度趋势，按日历期对齐
经营现金流NSPRBLX
| Q4 25 | $255.0M | $607.0M | ||
| Q3 25 | $-11.0M | $546.2M | ||
| Q2 25 | $-79.0M | $199.3M | ||
| Q1 25 | $-443.0M | $443.9M | ||
| Q4 24 | $619.0M | $184.5M | ||
| Q3 24 | $-150.0M | $247.4M | ||
| Q2 24 | $20.0M | $151.4M | ||
| Q1 24 | $31.0M | $238.9M |
自由现金流NSPRBLX
| Q4 25 | $246.0M | $308.6M | ||
| Q3 25 | $-20.0M | $443.6M | ||
| Q2 25 | $-86.0M | $176.7M | ||
| Q1 25 | $-449.0M | $426.5M | ||
| Q4 24 | $606.0M | $120.6M | ||
| Q3 24 | $-164.0M | $218.0M | ||
| Q2 24 | $14.0M | $111.7M | ||
| Q1 24 | $26.0M | $192.3M |
自由现金流率NSPRBLX
| Q4 25 | 14.7% | 21.8% | ||
| Q3 25 | -1.2% | 32.6% | ||
| Q2 25 | -5.2% | 16.3% | ||
| Q1 25 | -24.1% | 41.2% | ||
| Q4 24 | 37.6% | 12.2% | ||
| Q3 24 | -10.5% | 23.7% | ||
| Q2 24 | 0.9% | 12.5% | ||
| Q1 24 | 1.4% | 24.0% |
资本支出强度NSPRBLX
| Q4 25 | 0.5% | 21.1% | ||
| Q3 25 | 0.6% | 7.5% | ||
| Q2 25 | 0.4% | 2.1% | ||
| Q1 25 | 0.3% | 1.7% | ||
| Q4 24 | 0.8% | 6.5% | ||
| Q3 24 | 0.9% | 3.2% | ||
| Q2 24 | 0.4% | 4.4% | ||
| Q1 24 | 0.3% | 5.8% |
现金转化率NSPRBLX
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | -8.69× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | -50.00× | — | ||
| Q2 24 | 1.11× | — | ||
| Q1 24 | 0.39× | — |
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
NSP
| Northeast | $455.0M | 27% |
| West | $339.0M | 20% |
| Southwest | $317.0M | 19% |
| Central | $299.0M | 18% |
| Southeast | $241.0M | 14% |
| Other Revenues | $17.0M | 1% |
RBLX
暂无分部数据
