vs
Opendoor Technologies Inc.（OPEN）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
罗布乐思的季度营收约是Opendoor Technologies Inc.的1.9倍（$1.4B vs $736.0M），罗布乐思净利率更高（-22.3% vs -148.9%，领先126.6%），罗布乐思同比增速更快（43.2% vs -32.1%），罗布乐思自由现金流更多（$308.6M vs $67.0M），过去两年罗布乐思的营收复合增速更高（32.9% vs -21.1%）
Opendoor Technologies Inc.是一家主营住宅房地产买卖的线上企业，总部位于旧金山。平台可通过线上流程向房主提供房屋即时现金报价，收购房产后进行修缮再重新挂牌出售，同时还提供基于移动端应用的购房服务及配套融资方案，截至2021年11月业务覆盖美国44个区域市场。
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。
OPEN vs RBLX — 直观对比
营收规模更大
RBLX
是对方的1.9倍
$736.0M
营收增速更快
RBLX
高出75.3%
-32.1%
净利率更高
RBLX
高出126.6%
-148.9%
自由现金流更多
RBLX
多$241.6M
$67.0M
两年增速更快
RBLX
近两年复合增速
-21.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $736.0M | $1.4B |
| 净利润 | $-1.1B | $-316.0M |
| 毛利率 | 7.7% | 77.7% |
| 营业利润率 | -20.4% | -25.3% |
| 净利率 | -148.9% | -22.3% |
| 营收同比 | -32.1% | 43.2% |
| 净利润同比 | -869.9% | -43.9% |
| 每股收益（稀释后） | $-1.42 | $-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OPENRBLX
| Q4 25 | $736.0M | $1.4B | ||
| Q3 25 | $915.0M | $1.4B | ||
| Q2 25 | $1.6B | $1.1B | ||
| Q1 25 | $1.2B | $1.0B | ||
| Q4 24 | $1.1B | $988.2M | ||
| Q3 24 | $1.4B | $919.0M | ||
| Q2 24 | $1.5B | $893.5M | ||
| Q1 24 | $1.2B | $801.3M |
净利润OPENRBLX
| Q4 25 | $-1.1B | $-316.0M | ||
| Q3 25 | $-90.0M | $-255.6M | ||
| Q2 25 | $-29.0M | $-278.4M | ||
| Q1 25 | $-85.0M | $-215.1M | ||
| Q4 24 | $-113.0M | $-219.6M | ||
| Q3 24 | $-78.0M | $-239.3M | ||
| Q2 24 | $-92.0M | $-205.9M | ||
| Q1 24 | $-109.0M | $-270.6M |
毛利率OPENRBLX
| Q4 25 | 7.7% | 77.7% | ||
| Q3 25 | 7.2% | 78.2% | ||
| Q2 25 | 8.2% | 78.2% | ||
| Q1 25 | 8.6% | 78.3% | ||
| Q4 24 | 7.8% | 77.9% | ||
| Q3 24 | 7.6% | 77.7% | ||
| Q2 24 | 8.5% | 77.8% | ||
| Q1 24 | 9.7% | 77.7% |
营业利润率OPENRBLX
| Q4 25 | -20.4% | -25.3% | ||
| Q3 25 | -7.4% | -21.8% | ||
| Q2 25 | -0.8% | -29.8% | ||
| Q1 25 | -4.9% | -24.6% | ||
| Q4 24 | -8.7% | -24.7% | ||
| Q3 24 | -4.9% | -30.4% | ||
| Q2 24 | -4.8% | -26.6% | ||
| Q1 24 | -7.4% | -37.7% |
净利率OPENRBLX
| Q4 25 | -148.9% | -22.3% | ||
| Q3 25 | -9.8% | -18.8% | ||
| Q2 25 | -1.9% | -25.8% | ||
| Q1 25 | -7.4% | -20.8% | ||
| Q4 24 | -10.4% | -22.2% | ||
| Q3 24 | -5.7% | -26.0% | ||
| Q2 24 | -6.1% | -23.0% | ||
| Q1 24 | -9.2% | -33.8% |
每股收益（稀释后）OPENRBLX
| Q4 25 | $-1.42 | $-0.44 | ||
| Q3 25 | $-0.12 | $-0.37 | ||
| Q2 25 | $-0.04 | $-0.41 | ||
| Q1 25 | $-0.12 | $-0.32 | ||
| Q4 24 | $-0.16 | $-0.32 | ||
| Q3 24 | $-0.11 | $-0.37 | ||
| Q2 24 | $-0.13 | $-0.32 | ||
| Q1 24 | $-0.16 | $-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 | $962.0M | $3.1B |
| 总债务越低越好 | — | $1.2B |
| 股东权益账面价值 | $1.0B | $394.5M |
| 总资产 | $2.4B | $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OPENRBLX
| Q4 25 | $962.0M | $3.1B | ||
| Q3 25 | $962.0M | $2.9B | ||
| Q2 25 | $789.0M | $2.6B | ||
| Q1 25 | $559.0M | $2.7B | ||
| Q4 24 | $679.0M | $2.4B | ||
| Q3 24 | $837.0M | $2.3B | ||
| Q2 24 | $809.0M | $2.4B | ||
| Q1 24 | $990.0M | $2.4B |
总债务OPENRBLX
| Q4 25 | — | $1.2B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益OPENRBLX
| Q4 25 | $1.0B | $394.5M | ||
| Q3 25 | $811.0M | $407.6M | ||
| Q2 25 | $631.0M | $353.2M | ||
| Q1 25 | $645.0M | $310.7M | ||
| Q4 24 | $713.0M | $221.4M | ||
| Q3 24 | $801.0M | $189.9M | ||
| Q2 24 | $845.0M | $121.5M | ||
| Q1 24 | $899.0M | $71.6M |
总资产OPENRBLX
| Q4 25 | $2.4B | $9.6B | ||
| Q3 25 | $2.7B | $8.6B | ||
| Q2 25 | $2.9B | $7.8B | ||
| Q1 25 | $3.3B | $7.5B | ||
| Q4 24 | $3.1B | $7.2B | ||
| Q3 24 | $3.4B | $6.7B | ||
| Q2 24 | $3.4B | $6.5B | ||
| Q1 24 | $3.4B | $6.3B |
负债/权益比OPENRBLX
| 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 | $70.0M | $607.0M |
| 自由现金流经营现金流 - 资本支出 | $67.0M | $308.6M |
| 自由现金流率自由现金流/营收 | 9.1% | 21.8% |
| 资本支出强度资本支出/营收 | 0.4% | 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 | $1.0B | $1.4B |
8季度趋势，按日历期对齐
经营现金流OPENRBLX
| Q4 25 | $70.0M | $607.0M | ||
| Q3 25 | $435.0M | $546.2M | ||
| Q2 25 | $823.0M | $199.3M | ||
| Q1 25 | $-279.0M | $443.9M | ||
| Q4 24 | $-80.0M | $184.5M | ||
| Q3 24 | $62.0M | $247.4M | ||
| Q2 24 | $-399.0M | $151.4M | ||
| Q1 24 | $-178.0M | $238.9M |
自由现金流OPENRBLX
| Q4 25 | $67.0M | $308.6M | ||
| Q3 25 | $432.0M | $443.6M | ||
| Q2 25 | $821.0M | $176.7M | ||
| Q1 25 | $-283.0M | $426.5M | ||
| Q4 24 | $-83.0M | $120.6M | ||
| Q3 24 | $56.0M | $218.0M | ||
| Q2 24 | $-407.0M | $111.7M | ||
| Q1 24 | $-186.0M | $192.3M |
自由现金流率OPENRBLX
| Q4 25 | 9.1% | 21.8% | ||
| Q3 25 | 47.2% | 32.6% | ||
| Q2 25 | 52.4% | 16.3% | ||
| Q1 25 | -24.5% | 41.2% | ||
| Q4 24 | -7.7% | 12.2% | ||
| Q3 24 | 4.1% | 23.7% | ||
| Q2 24 | -26.9% | 12.5% | ||
| Q1 24 | -15.7% | 24.0% |
资本支出强度OPENRBLX
| Q4 25 | 0.4% | 21.1% | ||
| Q3 25 | 0.3% | 7.5% | ||
| Q2 25 | 0.1% | 2.1% | ||
| Q1 25 | 0.3% | 1.7% | ||
| Q4 24 | 0.3% | 6.5% | ||
| Q3 24 | 0.4% | 3.2% | ||
| Q2 24 | 0.5% | 4.4% | ||
| Q1 24 | 0.7% | 5.8% |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
