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INSPERITY, INC.（NSP）与ROKU, INC（ROKU）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ROKU, INC的1.2倍（$1.7B vs $1.4B），ROKU, INC同比增速更快（16.1% vs 3.4%），INSPERITY, INC.自由现金流更多（$246.0M vs $106.6M），过去两年ROKU, INC的营收复合增速更高（25.8% 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。
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。
NSP vs ROKU — 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
ROKU
高出12.7%
3.4%
自由现金流更多
NSP
多$139.4M
$106.6M
两年增速更快
ROKU
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 | — | $80.5M |
| 毛利率 | 10.3% | 43.5% |
| 营业利润率 | -2.8% | 4.7% |
| 净利率 | — | 5.8% |
| 营收同比 | 3.4% | 16.1% |
| 净利润同比 | — | 326.4% |
| 每股收益（稀释后） | $-0.87 | $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NSPROKU
| Q4 25 | $1.7B | $1.4B | ||
| Q3 25 | $1.6B | $1.2B | ||
| Q2 25 | $1.7B | $1.1B | ||
| Q1 25 | $1.9B | $1.0B | ||
| Q4 24 | $1.6B | $1.2B | ||
| Q3 24 | $1.6B | $1.1B | ||
| Q2 24 | $1.6B | $968.2M | ||
| Q1 24 | $1.8B | $881.5M |
净利润NSPROKU
| Q4 25 | — | $80.5M | ||
| Q3 25 | $-20.0M | $24.8M | ||
| Q2 25 | $-5.0M | $10.5M | ||
| Q1 25 | $51.0M | $-27.4M | ||
| Q4 24 | — | $-35.5M | ||
| Q3 24 | $3.0M | $-9.0M | ||
| Q2 24 | $18.0M | $-34.0M | ||
| Q1 24 | $79.0M | $-50.9M |
毛利率NSPROKU
| Q4 25 | 10.3% | 43.5% | ||
| Q3 25 | 12.0% | 43.4% | ||
| Q2 25 | 13.4% | 44.8% | ||
| Q1 25 | 16.6% | 43.6% | ||
| Q4 24 | 13.5% | 42.7% | ||
| Q3 24 | 14.7% | 45.2% | ||
| Q2 24 | 16.2% | 43.9% | ||
| Q1 24 | 19.1% | 44.1% |
营业利润率NSPROKU
| Q4 25 | -2.8% | 4.7% | ||
| Q3 25 | -1.5% | 0.8% | ||
| Q2 25 | -0.4% | -2.1% | ||
| Q1 25 | 3.7% | -5.7% | ||
| Q4 24 | -0.9% | -3.3% | ||
| Q3 24 | 0.1% | -3.4% | ||
| Q2 24 | 1.4% | -7.4% | ||
| Q1 24 | 6.0% | -8.2% |
净利率NSPROKU
| Q4 25 | — | 5.8% | ||
| Q3 25 | -1.2% | 2.0% | ||
| Q2 25 | -0.3% | 0.9% | ||
| Q1 25 | 2.7% | -2.7% | ||
| Q4 24 | — | -3.0% | ||
| Q3 24 | 0.2% | -0.9% | ||
| Q2 24 | 1.1% | -3.5% | ||
| Q1 24 | 4.4% | -5.8% |
每股收益（稀释后）NSPROKU
| Q4 25 | $-0.87 | $0.55 | ||
| Q3 25 | $-0.53 | $0.16 | ||
| Q2 25 | $-0.14 | $0.07 | ||
| Q1 25 | $1.35 | $-0.19 | ||
| Q4 24 | $-0.21 | $-0.24 | ||
| Q3 24 | $0.07 | $-0.06 | ||
| Q2 24 | $0.48 | $-0.24 | ||
| Q1 24 | $2.08 | $-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 | $682.0M | $2.3B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $46.0M | $2.7B |
| 总资产 | $2.2B | $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NSPROKU
| Q4 25 | $682.0M | $2.3B | ||
| Q3 25 | $521.0M | $2.3B | ||
| Q2 25 | $511.0M | $2.3B | ||
| Q1 25 | $684.0M | $2.3B | ||
| Q4 24 | $1.2B | $2.2B | ||
| Q3 24 | $596.0M | $2.1B | ||
| Q2 24 | $850.0M | $2.1B | ||
| Q1 24 | $801.0M | $2.1B |
股东权益NSPROKU
| Q4 25 | $46.0M | $2.7B | ||
| Q3 25 | $87.0M | $2.6B | ||
| Q2 25 | $112.0M | $2.6B | ||
| Q1 25 | $119.0M | $2.5B | ||
| Q4 24 | $97.0M | $2.5B | ||
| Q3 24 | $125.0M | $2.5B | ||
| Q2 24 | $142.0M | $2.4B | ||
| Q1 24 | $140.0M | $2.4B |
总资产NSPROKU
| Q4 25 | $2.2B | $4.4B | ||
| Q3 25 | $2.0B | $4.4B | ||
| Q2 25 | $2.0B | $4.3B | ||
| Q1 25 | $2.1B | $4.2B | ||
| Q4 24 | $2.6B | $4.3B | ||
| Q3 24 | $1.9B | $4.3B | ||
| Q2 24 | $2.1B | $4.1B | ||
| Q1 24 | $2.1B | $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 | $255.0M | $107.7M |
| 自由现金流经营现金流 - 资本支出 | $246.0M | $106.6M |
| 自由现金流率自由现金流/营收 | 14.7% | 7.6% |
| 资本支出强度资本支出/营收 | 0.5% | 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 | $-309.0M | $478.4M |
8季度趋势，按日历期对齐
经营现金流NSPROKU
| Q4 25 | $255.0M | $107.7M | ||
| Q3 25 | $-11.0M | $127.6M | ||
| Q2 25 | $-79.0M | $109.7M | ||
| Q1 25 | $-443.0M | $138.7M | ||
| Q4 24 | $619.0M | $79.3M | ||
| Q3 24 | $-150.0M | $68.7M | ||
| Q2 24 | $20.0M | $23.4M | ||
| Q1 24 | $31.0M | $46.7M |
自由现金流NSPROKU
| Q4 25 | $246.0M | $106.6M | ||
| Q3 25 | $-20.0M | $126.5M | ||
| Q2 25 | $-86.0M | $108.6M | ||
| Q1 25 | $-449.0M | $136.8M | ||
| Q4 24 | $606.0M | $76.8M | ||
| Q3 24 | $-164.0M | $67.6M | ||
| Q2 24 | $14.0M | $22.5M | ||
| Q1 24 | $26.0M | $46.0M |
自由现金流率NSPROKU
| Q4 25 | 14.7% | 7.6% | ||
| Q3 25 | -1.2% | 10.4% | ||
| Q2 25 | -5.2% | 9.8% | ||
| Q1 25 | -24.1% | 13.4% | ||
| Q4 24 | 37.6% | 6.4% | ||
| Q3 24 | -10.5% | 6.4% | ||
| Q2 24 | 0.9% | 2.3% | ||
| Q1 24 | 1.4% | 5.2% |
资本支出强度NSPROKU
| Q4 25 | 0.5% | 0.1% | ||
| Q3 25 | 0.6% | 0.1% | ||
| Q2 25 | 0.4% | 0.1% | ||
| Q1 25 | 0.3% | 0.2% | ||
| Q4 24 | 0.8% | 0.2% | ||
| Q3 24 | 0.9% | 0.1% | ||
| Q2 24 | 0.4% | 0.1% | ||
| Q1 24 | 0.3% | 0.1% |
现金转化率NSPROKU
| Q4 25 | — | 1.34× | ||
| Q3 25 | — | 5.14× | ||
| Q2 25 | — | 10.45× | ||
| 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% |
ROKU
| Services | $1.2B | 88% |
| Products | $170.9M | 12% |
