vs
Realty Income（O）与ROKU, INC（ROKU）财务数据对比。点击上方公司名可切换其他公司
Realty Income的季度营收约是ROKU, INC的1.1倍（$1.5B vs $1.4B），Realty Income净利率更高（19.9% vs 5.8%，领先14.1%），ROKU, INC同比增速更快（16.1% vs 11.0%），Realty Income自由现金流更多（$1.2B vs $106.6M），过去两年ROKU, INC的营收复合增速更高（25.8% vs 8.6%）
Realty Income是一家房地产投资信托企业，投资范围覆盖美国、英国及欧洲其他六个国家的独立单租户商业地产，旗下物业普遍采用三重净租约模式。公司注册地为美国马里兰州，总部位于加利福尼亚州圣迭戈市。
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。
O vs ROKU — 直观对比
营收规模更大
O
是对方的1.1倍
$1.4B
营收增速更快
ROKU
高出5.1%
11.0%
净利率更高
O
高出14.1%
5.8%
自由现金流更多
O
多$1.0B
$106.6M
两年增速更快
ROKU
近两年复合增速
8.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.5B | $1.4B |
| 净利润 | $296.1M | $80.5M |
| 毛利率 | — | 43.5% |
| 营业利润率 | 21.7% | 4.7% |
| 净利率 | 19.9% | 5.8% |
| 营收同比 | 11.0% | 16.1% |
| 净利润同比 | 48.3% | 326.4% |
| 每股收益（稀释后） | $0.32 | $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OROKU
| Q4 25 | $1.5B | $1.4B | ||
| Q3 25 | $1.5B | $1.2B | ||
| Q2 25 | $1.4B | $1.1B | ||
| Q1 25 | $1.4B | $1.0B | ||
| Q4 24 | $1.3B | $1.2B | ||
| Q3 24 | $1.3B | $1.1B | ||
| Q2 24 | $1.3B | $968.2M | ||
| Q1 24 | $1.3B | $881.5M |
净利润OROKU
| Q4 25 | $296.1M | $80.5M | ||
| Q3 25 | $315.8M | $24.8M | ||
| Q2 25 | $196.9M | $10.5M | ||
| Q1 25 | $249.8M | $-27.4M | ||
| Q4 24 | $199.6M | $-35.5M | ||
| Q3 24 | $269.5M | $-9.0M | ||
| Q2 24 | $259.4M | $-34.0M | ||
| Q1 24 | $132.3M | $-50.9M |
毛利率OROKU
| 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OROKU
| Q4 25 | 21.7% | 4.7% | ||
| Q3 25 | 23.2% | 0.8% | ||
| Q2 25 | 15.8% | -2.1% | ||
| Q1 25 | 19.3% | -5.7% | ||
| Q4 24 | 16.5% | -3.3% | ||
| Q3 24 | 21.5% | -3.4% | ||
| Q2 24 | 20.7% | -7.4% | ||
| Q1 24 | 11.9% | -8.2% |
净利率OROKU
| Q4 25 | 19.9% | 5.8% | ||
| Q3 25 | 21.5% | 2.0% | ||
| Q2 25 | 14.0% | 0.9% | ||
| Q1 25 | 18.1% | -2.7% | ||
| Q4 24 | 14.9% | -3.0% | ||
| Q3 24 | 20.2% | -0.9% | ||
| Q2 24 | 19.4% | -3.5% | ||
| Q1 24 | 10.5% | -5.8% |
每股收益（稀释后）OROKU
| Q4 25 | $0.32 | $0.55 | ||
| Q3 25 | $0.35 | $0.16 | ||
| Q2 25 | $0.22 | $0.07 | ||
| Q1 25 | $0.28 | $-0.19 | ||
| Q4 24 | $0.23 | $-0.24 | ||
| Q3 24 | $0.30 | $-0.06 | ||
| Q2 24 | $0.29 | $-0.24 | ||
| Q1 24 | $0.16 | $-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 | $434.8M | $2.3B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $39.4B | $2.7B |
| 总资产 | $72.8B | $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OROKU
| Q4 25 | $434.8M | $2.3B | ||
| Q3 25 | $417.2M | $2.3B | ||
| Q2 25 | $800.4M | $2.3B | ||
| Q1 25 | $319.0M | $2.3B | ||
| Q4 24 | $445.0M | $2.2B | ||
| Q3 24 | $397.0M | $2.1B | ||
| Q2 24 | $442.8M | $2.1B | ||
| Q1 24 | $680.2M | $2.1B |
股东权益OROKU
| Q4 25 | $39.4B | $2.7B | ||
| Q3 25 | $39.1B | $2.6B | ||
| Q2 25 | $39.2B | $2.6B | ||
| Q1 25 | $39.0B | $2.5B | ||
| Q4 24 | $38.8B | $2.5B | ||
| Q3 24 | $38.5B | $2.5B | ||
| Q2 24 | $38.6B | $2.4B | ||
| Q1 24 | $39.0B | $2.4B |
总资产OROKU
| Q4 25 | $72.8B | $4.4B | ||
| Q3 25 | $71.3B | $4.4B | ||
| Q2 25 | $71.4B | $4.3B | ||
| Q1 25 | $69.8B | $4.2B | ||
| Q4 24 | $68.8B | $4.3B | ||
| Q3 24 | $68.5B | $4.3B | ||
| Q2 24 | $68.1B | $4.1B | ||
| Q1 24 | $68.3B | $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 | $1.2B | $107.7M |
| 自由现金流经营现金流 - 资本支出 | $1.2B | $106.6M |
| 自由现金流率自由现金流/营收 | 77.6% | 7.6% |
| 资本支出强度资本支出/营收 | 3.3% | 0.1% |
| 现金转化率经营现金流/净利润 | 4.06× | 1.34× |
| 过去12个月自由现金流最近4个季度 | $3.9B | $478.4M |
8季度趋势，按日历期对齐
经营现金流OROKU
| Q4 25 | $1.2B | $107.7M | ||
| Q3 25 | $943.1M | $127.6M | ||
| Q2 25 | $1.1B | $109.7M | ||
| Q1 25 | $787.5M | $138.7M | ||
| Q4 24 | $972.0M | $79.3M | ||
| Q3 24 | $841.5M | $68.7M | ||
| Q2 24 | $981.2M | $23.4M | ||
| Q1 24 | $778.7M | $46.7M |
自由现金流OROKU
| Q4 25 | $1.2B | $106.6M | ||
| Q3 25 | $909.9M | $126.5M | ||
| Q2 25 | $1.0B | $108.6M | ||
| Q1 25 | $764.6M | $136.8M | ||
| Q4 24 | $935.8M | $76.8M | ||
| Q3 24 | $807.9M | $67.6M | ||
| Q2 24 | $939.2M | $22.5M | ||
| Q1 24 | $769.0M | $46.0M |
自由现金流率OROKU
| Q4 25 | 77.6% | 7.6% | ||
| Q3 25 | 61.9% | 10.4% | ||
| Q2 25 | 73.3% | 9.8% | ||
| Q1 25 | 55.4% | 13.4% | ||
| Q4 24 | 69.8% | 6.4% | ||
| Q3 24 | 60.7% | 6.4% | ||
| Q2 24 | 70.1% | 2.3% | ||
| Q1 24 | 61.0% | 5.2% |
资本支出强度OROKU
| Q4 25 | 3.3% | 0.1% | ||
| Q3 25 | 2.3% | 0.1% | ||
| Q2 25 | 1.9% | 0.1% | ||
| Q1 25 | 1.7% | 0.2% | ||
| Q4 24 | 2.7% | 0.2% | ||
| Q3 24 | 2.5% | 0.1% | ||
| Q2 24 | 3.1% | 0.1% | ||
| Q1 24 | 0.8% | 0.1% |
现金转化率OROKU
| Q4 25 | 4.06× | 1.34× | ||
| Q3 25 | 2.99× | 5.14× | ||
| Q2 25 | 5.39× | 10.45× | ||
| Q1 25 | 3.15× | — | ||
| Q4 24 | 4.87× | — | ||
| Q3 24 | 3.12× | — | ||
| Q2 24 | 3.78× | — | ||
| Q1 24 | 5.89× | — |
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
O
| Product And Service Retail | $900.8M | 61% |
| Other | $531.5M | 36% |
ROKU
| Services | $1.2B | 88% |
| Products | $170.9M | 12% |
