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百济神州（ONC）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
百济神州的季度营收约是罗布乐思的1.1倍（$1.5B vs $1.4B），百济神州净利率更高（4.4% vs -22.3%，领先26.8%），罗布乐思同比增速更快（43.2% vs 32.8%），百济神州自由现金流更多（$379.8M vs $308.6M），过去两年百济神州的营收复合增速更高（41.2% vs 32.9%）
BeOne Medicines（原百济神州）是一家跨国肿瘤领域制药企业，专注于癌症治疗创新药物的研发与商业化，致力于为全球癌症患者提供更有效、可及性更高的治疗方案，改善患者的生存质量与预后。
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。
ONC vs RBLX — 直观对比
营收规模更大
ONC
是对方的1.1倍
$1.4B
营收增速更快
RBLX
高出10.4%
32.8%
净利率更高
ONC
高出26.8%
-22.3%
自由现金流更多
ONC
多$71.2M
$308.6M
两年增速更快
ONC
近两年复合增速
32.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.5B | $1.4B |
| 净利润 | $66.5M | $-316.0M |
| 毛利率 | 90.5% | 77.7% |
| 营业利润率 | 12.4% | -25.3% |
| 净利率 | 4.4% | -22.3% |
| 营收同比 | 32.8% | 43.2% |
| 净利润同比 | 143.8% | -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ONCRBLX
| Q4 25 | $1.5B | $1.4B | ||
| Q3 25 | $1.4B | $1.4B | ||
| Q2 25 | $1.3B | $1.1B | ||
| Q1 25 | $1.1B | $1.0B | ||
| Q4 24 | $1.1B | $988.2M | ||
| Q3 24 | $1.0B | $919.0M | ||
| Q2 24 | $929.2M | $893.5M | ||
| Q1 24 | $751.7M | $801.3M |
净利润ONCRBLX
| Q4 25 | $66.5M | $-316.0M | ||
| Q3 25 | $124.8M | $-255.6M | ||
| Q2 25 | $94.3M | $-278.4M | ||
| Q1 25 | $1.3M | $-215.1M | ||
| Q4 24 | $-151.9M | $-219.6M | ||
| Q3 24 | $-121.3M | $-239.3M | ||
| Q2 24 | $-120.4M | $-205.9M | ||
| Q1 24 | $-251.2M | $-270.6M |
毛利率ONCRBLX
| Q4 25 | 90.5% | 77.7% | ||
| Q3 25 | 86.1% | 78.2% | ||
| Q2 25 | 87.5% | 78.2% | ||
| Q1 25 | 85.2% | 78.3% | ||
| Q4 24 | 85.8% | 77.9% | ||
| Q3 24 | 83.0% | 77.7% | ||
| Q2 24 | 85.1% | 77.8% | ||
| Q1 24 | 83.4% | 77.7% |
营业利润率ONCRBLX
| Q4 25 | 12.4% | -25.3% | ||
| Q3 25 | 11.5% | -21.8% | ||
| Q2 25 | 6.7% | -29.8% | ||
| Q1 25 | 1.0% | -24.6% | ||
| Q4 24 | -7.0% | -24.7% | ||
| Q3 24 | -12.0% | -30.4% | ||
| Q2 24 | -11.5% | -26.6% | ||
| Q1 24 | -34.8% | -37.7% |
净利率ONCRBLX
| Q4 25 | 4.4% | -22.3% | ||
| Q3 25 | 8.8% | -18.8% | ||
| Q2 25 | 7.2% | -25.8% | ||
| Q1 25 | 0.1% | -20.8% | ||
| Q4 24 | -13.5% | -22.2% | ||
| Q3 24 | -12.1% | -26.0% | ||
| Q2 24 | -13.0% | -23.0% | ||
| Q1 24 | -33.4% | -33.8% |
每股收益（稀释后）ONCRBLX
| Q4 25 | $0.05 | $-0.44 | ||
| Q3 25 | $0.08 | $-0.37 | ||
| Q2 25 | $0.06 | $-0.41 | ||
| Q1 25 | $0.00 | $-0.32 | ||
| Q4 24 | $-0.10 | $-0.32 | ||
| Q3 24 | $-0.09 | $-0.37 | ||
| Q2 24 | $-0.09 | $-0.32 | ||
| Q1 24 | $-0.19 | $-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 | $4.5B | $3.1B |
| 总债务越低越好 | $836.4M | $1.2B |
| 股东权益账面价值 | $4.4B | $394.5M |
| 总资产 | $8.2B | $9.6B |
| 负债/权益比越低杠杆越低 | 0.19× | 2.98× |
8季度趋势，按日历期对齐
现金及短期投资ONCRBLX
| Q4 25 | $4.5B | $3.1B | ||
| Q3 25 | $4.0B | $2.9B | ||
| Q2 25 | $2.8B | $2.6B | ||
| Q1 25 | $2.5B | $2.7B | ||
| Q4 24 | $2.6B | $2.4B | ||
| Q3 24 | $2.7B | $2.3B | ||
| Q2 24 | $2.6B | $2.4B | ||
| Q1 24 | $2.8B | $2.4B |
总债务ONCRBLX
| Q4 25 | $836.4M | $1.2B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益ONCRBLX
| Q4 25 | $4.4B | $394.5M | ||
| Q3 25 | $4.1B | $407.6M | ||
| Q2 25 | $3.8B | $353.2M | ||
| Q1 25 | $3.5B | $310.7M | ||
| Q4 24 | $3.3B | $221.4M | ||
| Q3 24 | $3.4B | $189.9M | ||
| Q2 24 | $3.4B | $121.5M | ||
| Q1 24 | $3.4B | $71.6M |
总资产ONCRBLX
| Q4 25 | $8.2B | $9.6B | ||
| Q3 25 | $7.6B | $8.6B | ||
| Q2 25 | $6.3B | $7.8B | ||
| Q1 25 | $5.8B | $7.5B | ||
| Q4 24 | $5.9B | $7.2B | ||
| Q3 24 | $5.8B | $6.7B | ||
| Q2 24 | $5.7B | $6.5B | ||
| Q1 24 | $5.7B | $6.3B |
负债/权益比ONCRBLX
| Q4 25 | 0.19× | 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 | $417.3M | $607.0M |
| 自由现金流经营现金流 - 资本支出 | $379.8M | $308.6M |
| 自由现金流率自由现金流/营收 | 25.4% | 21.8% |
| 资本支出强度资本支出/营收 | 2.5% | 21.1% |
| 现金转化率经营现金流/净利润 | 6.28× | — |
| 过去12个月自由现金流最近4个季度 | $941.7M | $1.4B |
8季度趋势，按日历期对齐
经营现金流ONCRBLX
| Q4 25 | $417.3M | $607.0M | ||
| Q3 25 | $402.6M | $546.2M | ||
| Q2 25 | $263.6M | $199.3M | ||
| Q1 25 | $44.1M | $443.9M | ||
| Q4 24 | $75.2M | $184.5M | ||
| Q3 24 | $188.4M | $247.4M | ||
| Q2 24 | $-95.6M | $151.4M | ||
| Q1 24 | $-308.6M | $238.9M |
自由现金流ONCRBLX
| Q4 25 | $379.8M | $308.6M | ||
| Q3 25 | $354.5M | $443.6M | ||
| Q2 25 | $219.8M | $176.7M | ||
| Q1 25 | $-12.3M | $426.5M | ||
| Q4 24 | $-17.3M | $120.6M | ||
| Q3 24 | $54.7M | $218.0M | ||
| Q2 24 | $-205.5M | $111.7M | ||
| Q1 24 | $-465.1M | $192.3M |
自由现金流率ONCRBLX
| Q4 25 | 25.4% | 21.8% | ||
| Q3 25 | 25.1% | 32.6% | ||
| Q2 25 | 16.7% | 16.3% | ||
| Q1 25 | -1.1% | 41.2% | ||
| Q4 24 | -1.5% | 12.2% | ||
| Q3 24 | 5.5% | 23.7% | ||
| Q2 24 | -22.1% | 12.5% | ||
| Q1 24 | -61.9% | 24.0% |
资本支出强度ONCRBLX
| Q4 25 | 2.5% | 21.1% | ||
| Q3 25 | 3.4% | 7.5% | ||
| Q2 25 | 3.3% | 2.1% | ||
| Q1 25 | 5.0% | 1.7% | ||
| Q4 24 | 8.2% | 6.5% | ||
| Q3 24 | 13.3% | 3.2% | ||
| Q2 24 | 11.8% | 4.4% | ||
| Q1 24 | 20.8% | 5.8% |
现金转化率ONCRBLX
| Q4 25 | 6.28× | — | ||
| Q3 25 | 3.22× | — | ||
| Q2 25 | 2.79× | — | ||
| Q1 25 | 34.71× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
