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NetApp（NTAP）与ROKU, INC（ROKU）财务数据对比。点击上方公司名可切换其他公司
NetApp的季度营收约是ROKU, INC的1.2倍（$1.7B vs $1.4B），NetApp净利率更高（17.9% vs 5.8%，领先12.1%），ROKU, INC同比增速更快（16.1% vs 2.8%），ROKU, INC自由现金流更多（$106.6M vs $78.0M），过去两年ROKU, INC的营收复合增速更高（25.8% vs 3.0%）
NetApp是总部位于美国加利福尼亚州圣何塞的企业级数据基础设施服务商，成立于1992年，2012至2021年连续入选《财富》世界500强。公司面向全球企业客户提供统一数据存储、集成数据服务及云运营解决方案，可满足线上线下全场景的应用与数据管理需求。
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。
NTAP vs ROKU — 直观对比
营收规模更大
NTAP
是对方的1.2倍
$1.4B
营收增速更快
ROKU
高出13.3%
2.8%
净利率更高
NTAP
高出12.1%
5.8%
自由现金流更多
ROKU
多$28.6M
$78.0M
两年增速更快
ROKU
近两年复合增速
3.0%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.7B | $1.4B |
| 净利润 | $305.0M | $80.5M |
| 毛利率 | 72.0% | 43.5% |
| 营业利润率 | 23.4% | 4.7% |
| 净利率 | 17.9% | 5.8% |
| 营收同比 | 2.8% | 16.1% |
| 净利润同比 | 2.0% | 326.4% |
| 每股收益（稀释后） | $1.51 | $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NTAPROKU
| Q4 25 | $1.7B | $1.4B | ||
| Q3 25 | $1.6B | $1.2B | ||
| Q2 25 | $1.7B | $1.1B | ||
| Q1 25 | $1.6B | $1.0B | ||
| Q4 24 | $1.7B | $1.2B | ||
| Q3 24 | $1.5B | $1.1B | ||
| Q2 24 | $1.7B | $968.2M | ||
| Q1 24 | $1.6B | $881.5M |
净利润NTAPROKU
| Q4 25 | $305.0M | $80.5M | ||
| Q3 25 | $233.0M | $24.8M | ||
| Q2 25 | $340.0M | $10.5M | ||
| Q1 25 | $299.0M | $-27.4M | ||
| Q4 24 | $299.0M | $-35.5M | ||
| Q3 24 | $248.0M | $-9.0M | ||
| Q2 24 | $291.0M | $-34.0M | ||
| Q1 24 | $313.0M | $-50.9M |
毛利率NTAPROKU
| Q4 25 | 72.0% | 43.5% | ||
| Q3 25 | 70.4% | 43.4% | ||
| Q2 25 | 68.9% | 44.8% | ||
| Q1 25 | 69.8% | 43.6% | ||
| Q4 24 | 71.0% | 42.7% | ||
| Q3 24 | 71.3% | 45.2% | ||
| Q2 24 | 70.5% | 43.9% | ||
| Q1 24 | 71.7% | 44.1% |
营业利润率NTAPROKU
| Q4 25 | 23.4% | 4.7% | ||
| Q3 25 | 19.8% | 0.8% | ||
| Q2 25 | 20.1% | -2.1% | ||
| Q1 25 | 22.1% | -5.7% | ||
| Q4 24 | 20.8% | -3.3% | ||
| Q3 24 | 18.3% | -3.4% | ||
| Q2 24 | 21.9% | -7.4% | ||
| Q1 24 | 22.8% | -8.2% |
净利率NTAPROKU
| Q4 25 | 17.9% | 5.8% | ||
| Q3 25 | 14.9% | 2.0% | ||
| Q2 25 | 19.6% | 0.9% | ||
| Q1 25 | 18.2% | -2.7% | ||
| Q4 24 | 18.0% | -3.0% | ||
| Q3 24 | 16.1% | -0.9% | ||
| Q2 24 | 17.4% | -3.5% | ||
| Q1 24 | 19.5% | -5.8% |
每股收益（稀释后）NTAPROKU
| Q4 25 | $1.51 | $0.55 | ||
| Q3 25 | $1.15 | $0.16 | ||
| Q2 25 | $1.64 | $0.07 | ||
| Q1 25 | $1.44 | $-0.19 | ||
| Q4 24 | $1.42 | $-0.24 | ||
| Q3 24 | $1.17 | $-0.06 | ||
| Q2 24 | $1.36 | $-0.24 | ||
| Q1 24 | $1.48 | $-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 | $3.0B | $2.3B |
| 总债务越低越好 | $2.5B | — |
| 股东权益账面价值 | $986.0M | $2.7B |
| 总资产 | $9.6B | $4.4B |
| 负债/权益比越低杠杆越低 | 2.52× | — |
8季度趋势，按日历期对齐
现金及短期投资NTAPROKU
| Q4 25 | $3.0B | $2.3B | ||
| Q3 25 | $3.3B | $2.3B | ||
| Q2 25 | $3.8B | $2.3B | ||
| Q1 25 | $2.3B | $2.3B | ||
| Q4 24 | $2.2B | $2.2B | ||
| Q3 24 | $3.0B | $2.1B | ||
| Q2 24 | $3.3B | $2.1B | ||
| Q1 24 | $2.9B | $2.1B |
总债务NTAPROKU
| Q4 25 | $2.5B | — | ||
| Q3 25 | $2.5B | — | ||
| Q2 25 | $3.2B | — | ||
| Q1 25 | $2.0B | — | ||
| Q4 24 | $2.0B | — | ||
| Q3 24 | $2.4B | — | ||
| Q2 24 | $2.4B | — | ||
| Q1 24 | $2.4B | — |
股东权益NTAPROKU
| Q4 25 | $986.0M | $2.7B | ||
| Q3 25 | $975.0M | $2.6B | ||
| Q2 25 | $1.0B | $2.6B | ||
| Q1 25 | $995.0M | $2.5B | ||
| Q4 24 | $892.0M | $2.5B | ||
| Q3 24 | $929.0M | $2.5B | ||
| Q2 24 | $1.1B | $2.4B | ||
| Q1 24 | $994.0M | $2.4B |
总资产NTAPROKU
| Q4 25 | $9.6B | $4.4B | ||
| Q3 25 | $9.7B | $4.4B | ||
| Q2 25 | $10.8B | $4.3B | ||
| Q1 25 | $9.0B | $4.2B | ||
| Q4 24 | $9.0B | $4.3B | ||
| Q3 24 | $9.3B | $4.3B | ||
| Q2 24 | $9.9B | $4.1B | ||
| Q1 24 | $9.4B | $4.2B |
负债/权益比NTAPROKU
| Q4 25 | 2.52× | — | ||
| Q3 25 | 2.55× | — | ||
| Q2 25 | 3.11× | — | ||
| Q1 25 | 2.00× | — | ||
| Q4 24 | 2.23× | — | ||
| Q3 24 | 2.58× | — | ||
| Q2 24 | 2.09× | — | ||
| Q1 24 | 2.41× | — |
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 | $127.0M | $107.7M |
| 自由现金流经营现金流 - 资本支出 | $78.0M | $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 | 2.9% | 0.1% |
| 现金转化率经营现金流/净利润 | 0.42× | 1.34× |
| 过去12个月自由现金流最近4个季度 | — | $478.4M |
8季度趋势，按日历期对齐
经营现金流NTAPROKU
| Q4 25 | $127.0M | $107.7M | ||
| Q3 25 | $673.0M | $127.6M | ||
| Q2 25 | — | $109.7M | ||
| Q1 25 | $385.0M | $138.7M | ||
| Q4 24 | — | $79.3M | ||
| Q3 24 | $341.0M | $68.7M | ||
| Q2 24 | $613.0M | $23.4M | ||
| Q1 24 | $484.0M | $46.7M |
自由现金流NTAPROKU
| Q4 25 | $78.0M | $106.6M | ||
| Q3 25 | $620.0M | $126.5M | ||
| Q2 25 | — | $108.6M | ||
| Q1 25 | $338.0M | $136.8M | ||
| Q4 24 | — | $76.8M | ||
| Q3 24 | $300.0M | $67.6M | ||
| Q2 24 | $567.0M | $22.5M | ||
| Q1 24 | $448.0M | $46.0M |
自由现金流率NTAPROKU
| Q4 25 | 4.6% | 7.6% | ||
| Q3 25 | 39.8% | 10.4% | ||
| Q2 25 | — | 9.8% | ||
| Q1 25 | 20.6% | 13.4% | ||
| Q4 24 | — | 6.4% | ||
| Q3 24 | 19.5% | 6.4% | ||
| Q2 24 | 34.0% | 2.3% | ||
| Q1 24 | 27.9% | 5.2% |
资本支出强度NTAPROKU
| Q4 25 | 2.9% | 0.1% | ||
| Q3 25 | 3.4% | 0.1% | ||
| Q2 25 | — | 0.1% | ||
| Q1 25 | 2.9% | 0.2% | ||
| Q4 24 | — | 0.2% | ||
| Q3 24 | 2.7% | 0.1% | ||
| Q2 24 | 2.8% | 0.1% | ||
| Q1 24 | 2.2% | 0.1% |
现金转化率NTAPROKU
| Q4 25 | 0.42× | 1.34× | ||
| Q3 25 | 2.89× | 5.14× | ||
| Q2 25 | — | 10.45× | ||
| Q1 25 | 1.29× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.38× | — | ||
| Q2 24 | 2.11× | — | ||
| Q1 24 | 1.55× | — |
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
NTAP
| Products | $788.0M | 46% |
| Support | $647.0M | 38% |
| Public Cloud Segment | $171.0M | 10% |
| Professional And Other Services | $99.0M | 6% |
ROKU
| Services | $1.2B | 88% |
| Products | $170.9M | 12% |
