vs
Optimum Communications, Inc.（OPTU）与ROKU, INC（ROKU）财务数据对比。点击上方公司名可切换其他公司
Optimum Communications, Inc.的季度营收约是ROKU, INC的1.6倍（$2.2B vs $1.4B），ROKU, INC净利率更高（5.8% vs -3.3%，领先9.0%），ROKU, INC同比增速更快（16.1% vs -2.3%），Optimum Communications, Inc.自由现金流更多（$199.4M vs $106.6M），过去两年ROKU, INC的营收复合增速更高（25.8% vs -1.5%）
Optimum Communications, Inc.是由法籍以色列商人帕特里克·德拉希控股的美国电信运营商，核心业务为数字有线电视与宽带互联网服务，服务覆盖纽约大都会区及美国中西部、南部多个州。截至2017年，该公司在全美21个州共拥有约490万住宅及企业客户，是美国第四大电信企业。
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。
OPTU vs ROKU — 直观对比
营收规模更大
OPTU
是对方的1.6倍
$1.4B
营收增速更快
ROKU
高出18.5%
-2.3%
净利率更高
ROKU
高出9.0%
-3.3%
自由现金流更多
OPTU
多$92.9M
$106.6M
两年增速更快
ROKU
近两年复合增速
-1.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.2B | $1.4B |
| 净利润 | $-71.2M | $80.5M |
| 毛利率 | 69.5% | 43.5% |
| 营业利润率 | 18.2% | 4.7% |
| 净利率 | -3.3% | 5.8% |
| 营收同比 | -2.3% | 16.1% |
| 净利润同比 | -31.6% | 326.4% |
| 每股收益（稀释后） | $-0.16 | $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OPTUROKU
| Q4 25 | $2.2B | $1.4B | ||
| Q3 25 | $2.1B | $1.2B | ||
| Q2 25 | $2.1B | $1.1B | ||
| Q1 25 | $2.2B | $1.0B | ||
| Q4 24 | $2.2B | $1.2B | ||
| Q3 24 | $2.2B | $1.1B | ||
| Q2 24 | $2.2B | $968.2M | ||
| Q1 24 | $2.3B | $881.5M |
净利润OPTUROKU
| Q4 25 | $-71.2M | $80.5M | ||
| Q3 25 | $-1.6B | $24.8M | ||
| Q2 25 | $-96.3M | $10.5M | ||
| Q1 25 | $-75.7M | $-27.4M | ||
| Q4 24 | $-54.1M | $-35.5M | ||
| Q3 24 | $-43.0M | $-9.0M | ||
| Q2 24 | $15.4M | $-34.0M | ||
| Q1 24 | $-21.2M | $-50.9M |
毛利率OPTUROKU
| Q4 25 | 69.5% | 43.5% | ||
| Q3 25 | 69.7% | 43.4% | ||
| Q2 25 | 69.1% | 44.8% | ||
| Q1 25 | 68.8% | 43.6% | ||
| Q4 24 | 67.7% | 42.7% | ||
| Q3 24 | 68.1% | 45.2% | ||
| Q2 24 | 67.9% | 43.9% | ||
| Q1 24 | 67.0% | 44.1% |
营业利润率OPTUROKU
| Q4 25 | 18.2% | 4.7% | ||
| Q3 25 | -55.3% | 0.8% | ||
| Q2 25 | 14.5% | -2.1% | ||
| Q1 25 | 16.0% | -5.7% | ||
| Q4 24 | 15.2% | -3.3% | ||
| Q3 24 | 20.0% | -3.4% | ||
| Q2 24 | 22.4% | -7.4% | ||
| Q1 24 | 17.5% | -8.2% |
净利率OPTUROKU
| Q4 25 | -3.3% | 5.8% | ||
| Q3 25 | -77.1% | 2.0% | ||
| Q2 25 | -4.5% | 0.9% | ||
| Q1 25 | -3.5% | -2.7% | ||
| Q4 24 | -2.4% | -3.0% | ||
| Q3 24 | -1.9% | -0.9% | ||
| Q2 24 | 0.7% | -3.5% | ||
| Q1 24 | -0.9% | -5.8% |
每股收益（稀释后）OPTUROKU
| Q4 25 | $-0.16 | $0.55 | ||
| Q3 25 | $-3.47 | $0.16 | ||
| Q2 25 | $-0.21 | $0.07 | ||
| Q1 25 | $-0.16 | $-0.19 | ||
| Q4 24 | $-0.11 | $-0.24 | ||
| Q3 24 | $-0.09 | $-0.06 | ||
| Q2 24 | $0.03 | $-0.24 | ||
| Q1 24 | $-0.05 | $-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 | $1.0B | $2.3B |
| 总债务越低越好 | $26.2B | — |
| 股东权益账面价值 | $-2.3B | $2.7B |
| 总资产 | $30.7B | $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OPTUROKU
| Q4 25 | $1.0B | $2.3B | ||
| Q3 25 | $938.8M | $2.3B | ||
| Q2 25 | $247.3M | $2.3B | ||
| Q1 25 | $279.1M | $2.3B | ||
| Q4 24 | $256.5M | $2.2B | ||
| Q3 24 | $250.0M | $2.1B | ||
| Q2 24 | $362.1M | $2.1B | ||
| Q1 24 | $284.4M | $2.1B |
总债务OPTUROKU
| Q4 25 | $26.2B | — | ||
| Q3 25 | $26.2B | — | ||
| Q2 25 | $25.3B | — | ||
| Q1 25 | $25.3B | — | ||
| Q4 24 | $25.1B | — | ||
| Q3 24 | $25.1B | — | ||
| Q2 24 | $25.2B | — | ||
| Q1 24 | $25.1B | — |
股东权益OPTUROKU
| Q4 25 | $-2.3B | $2.7B | ||
| Q3 25 | $-2.2B | $2.6B | ||
| Q2 25 | $-624.1M | $2.6B | ||
| Q1 25 | $-543.0M | $2.5B | ||
| Q4 24 | $-469.2M | $2.5B | ||
| Q3 24 | $-427.1M | $2.5B | ||
| Q2 24 | $-399.1M | $2.4B | ||
| Q1 24 | $-431.2M | $2.4B |
总资产OPTUROKU
| Q4 25 | $30.7B | $4.4B | ||
| Q3 25 | $30.7B | $4.4B | ||
| Q2 25 | $31.6B | $4.3B | ||
| Q1 25 | $31.7B | $4.2B | ||
| Q4 24 | $31.7B | $4.3B | ||
| Q3 24 | $31.8B | $4.3B | ||
| Q2 24 | $32.0B | $4.1B | ||
| Q1 24 | $31.9B | $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 | $481.6M | $107.7M |
| 自由现金流经营现金流 - 资本支出 | $199.4M | $106.6M |
| 自由现金流率自由现金流/营收 | 9.1% | 7.6% |
| 资本支出强度资本支出/营收 | 12.9% | 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 | $-118.8M | $478.4M |
8季度趋势，按日历期对齐
经营现金流OPTUROKU
| Q4 25 | $481.6M | $107.7M | ||
| Q3 25 | $147.4M | $127.6M | ||
| Q2 25 | $412.0M | $109.7M | ||
| Q1 25 | $187.5M | $138.7M | ||
| Q4 24 | $439.9M | $79.3M | ||
| Q3 24 | $436.0M | $68.7M | ||
| Q2 24 | $306.8M | $23.4M | ||
| Q1 24 | $399.7M | $46.7M |
自由现金流OPTUROKU
| Q4 25 | $199.4M | $106.6M | ||
| Q3 25 | $-178.1M | $126.5M | ||
| Q2 25 | $28.4M | $108.6M | ||
| Q1 25 | $-168.6M | $136.8M | ||
| Q4 24 | $49.9M | $76.8M | ||
| Q3 24 | $76.9M | $67.6M | ||
| Q2 24 | $-40.9M | $22.5M | ||
| Q1 24 | $63.6M | $46.0M |
自由现金流率OPTUROKU
| Q4 25 | 9.1% | 7.6% | ||
| Q3 25 | -8.4% | 10.4% | ||
| Q2 25 | 1.3% | 9.8% | ||
| Q1 25 | -7.8% | 13.4% | ||
| Q4 24 | 2.2% | 6.4% | ||
| Q3 24 | 3.5% | 6.4% | ||
| Q2 24 | -1.8% | 2.3% | ||
| Q1 24 | 2.8% | 5.2% |
资本支出强度OPTUROKU
| Q4 25 | 12.9% | 0.1% | ||
| Q3 25 | 15.4% | 0.1% | ||
| Q2 25 | 17.9% | 0.1% | ||
| Q1 25 | 16.5% | 0.2% | ||
| Q4 24 | 17.5% | 0.2% | ||
| Q3 24 | 16.1% | 0.1% | ||
| Q2 24 | 15.5% | 0.1% | ||
| Q1 24 | 14.9% | 0.1% |
现金转化率OPTUROKU
| Q4 25 | — | 1.34× | ||
| Q3 25 | — | 5.14× | ||
| Q2 25 | — | 10.45× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 19.97× | — | ||
| Q1 24 | — | — |
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
OPTU
| Total Residential Revenue | $1.6B | 74% |
| Business Servicesand Wholesale | $401.8M | 18% |
| Telephony | $60.8M | 3% |
| Other | $57.9M | 3% |
| Franchise | $50.0M | 2% |
ROKU
| Services | $1.2B | 88% |
| Products | $170.9M | 12% |
