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PENN Entertainment, Inc.（PENN）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
PENN Entertainment, Inc.的季度营收约是罗布乐思的1.3倍（$1.8B vs $1.4B），PENN Entertainment, Inc.净利率更高（-0.2% vs -22.3%，领先22.2%），罗布乐思同比增速更快（43.2% vs 6.4%），过去两年罗布乐思的营收复合增速更高（32.9% vs 3.4%）
Penn Entertainment, Inc.（前称宾州国家博彩）是美国知名娱乐企业，业务涵盖综合娱乐运营、体育内容供给及赌场博彩服务，旗下运营好莱坞赌场、Ameristar、Boomtown等品牌，在全美20个州拥有43处经营场所，同时持有加拿大数字媒体企业Score Media and Gaming的所有权。
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。
PENN vs RBLX — 直观对比
营收规模更大
PENN
是对方的1.3倍
$1.4B
营收增速更快
RBLX
高出36.8%
6.4%
净利率更高
PENN
高出22.2%
-22.3%
两年增速更快
RBLX
近两年复合增速
3.4%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.8B | $1.4B |
| 净利润 | $-2.8M | $-316.0M |
| 毛利率 | — | 77.7% |
| 营业利润率 | 5.5% | -25.3% |
| 净利率 | -0.2% | -22.3% |
| 营收同比 | 6.4% | 43.2% |
| 净利润同比 | 66.7% | -43.9% |
| 每股收益（稀释后） | $-0.02 | $-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PENNRBLX
| Q1 26 | $1.8B | — | ||
| Q4 25 | $1.8B | $1.4B | ||
| Q3 25 | $1.7B | $1.4B | ||
| Q2 25 | $1.8B | $1.1B | ||
| Q1 25 | $1.7B | $1.0B | ||
| Q4 24 | $1.7B | $988.2M | ||
| Q3 24 | $1.6B | $919.0M | ||
| Q2 24 | $1.7B | $893.5M |
净利润PENNRBLX
| Q1 26 | $-2.8M | — | ||
| Q4 25 | $-72.9M | $-316.0M | ||
| Q3 25 | $-864.6M | $-255.6M | ||
| Q2 25 | $-17.4M | $-278.4M | ||
| Q1 25 | $111.8M | $-215.1M | ||
| Q4 24 | $-133.3M | $-219.6M | ||
| Q3 24 | $-36.7M | $-239.3M | ||
| Q2 24 | $-26.8M | $-205.9M |
毛利率PENNRBLX
| Q1 26 | — | — | ||
| Q4 25 | — | 77.7% | ||
| Q3 25 | — | 78.2% | ||
| Q2 25 | — | 78.2% | ||
| Q1 25 | — | 78.3% | ||
| Q4 24 | — | 77.9% | ||
| Q3 24 | — | 77.7% | ||
| Q2 24 | — | 77.8% |
营业利润率PENNRBLX
| Q1 26 | 5.5% | — | ||
| Q4 25 | -1.0% | -25.3% | ||
| Q3 25 | -45.2% | -21.8% | ||
| Q2 25 | 4.4% | -29.8% | ||
| Q1 25 | 2.6% | -24.6% | ||
| Q4 24 | -2.9% | -24.7% | ||
| Q3 24 | 4.1% | -30.4% | ||
| Q2 24 | 4.5% | -26.6% |
净利率PENNRBLX
| Q1 26 | -0.2% | — | ||
| Q4 25 | -4.0% | -22.3% | ||
| Q3 25 | -50.3% | -18.8% | ||
| Q2 25 | -1.0% | -25.8% | ||
| Q1 25 | 6.7% | -20.8% | ||
| Q4 24 | -8.0% | -22.2% | ||
| Q3 24 | -2.2% | -26.0% | ||
| Q2 24 | -1.6% | -23.0% |
每股收益（稀释后）PENNRBLX
| Q1 26 | $-0.02 | — | ||
| Q4 25 | $-0.36 | $-0.44 | ||
| Q3 25 | $-6.03 | $-0.37 | ||
| Q2 25 | $-0.12 | $-0.41 | ||
| Q1 25 | $0.68 | $-0.32 | ||
| Q4 24 | $-0.87 | $-0.32 | ||
| Q3 24 | $-0.24 | $-0.37 | ||
| Q2 24 | $-0.18 | $-0.32 |
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 | $708.0M | $3.1B |
| 总债务越低越好 | — | $1.2B |
| 股东权益账面价值 | — | $394.5M |
| 总资产 | — | $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PENNRBLX
| Q1 26 | $708.0M | — | ||
| Q4 25 | $686.6M | $3.1B | ||
| Q3 25 | $660.1M | $2.9B | ||
| Q2 25 | $671.6M | $2.6B | ||
| Q1 25 | $591.6M | $2.7B | ||
| Q4 24 | $706.6M | $2.4B | ||
| Q3 24 | $834.0M | $2.3B | ||
| Q2 24 | $877.6M | $2.4B |
总债务PENNRBLX
| Q1 26 | — | — | ||
| Q4 25 | $2.9B | $1.2B | ||
| Q3 25 | $2.9B | — | ||
| Q2 25 | $2.8B | — | ||
| Q1 25 | $2.6B | — | ||
| Q4 24 | $2.8B | $1.2B | ||
| Q3 24 | $2.8B | — | ||
| Q2 24 | $2.8B | — |
股东权益PENNRBLX
| Q1 26 | — | — | ||
| Q4 25 | $1.8B | $394.5M | ||
| Q3 25 | $2.0B | $407.6M | ||
| Q2 25 | $3.0B | $353.2M | ||
| Q1 25 | $3.0B | $310.7M | ||
| Q4 24 | $2.9B | $221.4M | ||
| Q3 24 | $3.1B | $189.9M | ||
| Q2 24 | $3.1B | $121.5M |
总资产PENNRBLX
| Q1 26 | — | — | ||
| Q4 25 | $14.3B | $9.6B | ||
| Q3 25 | $14.3B | $8.6B | ||
| Q2 25 | $15.2B | $7.8B | ||
| Q1 25 | $15.1B | $7.5B | ||
| Q4 24 | $15.3B | $7.2B | ||
| Q3 24 | $15.5B | $6.7B | ||
| Q2 24 | $15.5B | $6.5B |
负债/权益比PENNRBLX
| Q1 26 | — | — | ||
| Q4 25 | 1.58× | 2.98× | ||
| Q3 25 | 1.46× | — | ||
| Q2 25 | 0.94× | — | ||
| Q1 25 | 0.89× | — | ||
| Q4 24 | 0.98× | 5.48× | ||
| Q3 24 | 0.91× | — | ||
| Q2 24 | 0.91× | — |
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 | — | $607.0M |
| 自由现金流经营现金流 - 资本支出 | — | $308.6M |
| 自由现金流率自由现金流/营收 | — | 21.8% |
| 资本支出强度资本支出/营收 | 5.3% | 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 | — | $1.4B |
8季度趋势，按日历期对齐
经营现金流PENNRBLX
| Q1 26 | — | — | ||
| Q4 25 | $107.2M | $607.0M | ||
| Q3 25 | $180.9M | $546.2M | ||
| Q2 25 | $178.2M | $199.3M | ||
| Q1 25 | $41.9M | $443.9M | ||
| Q4 24 | $102.9M | $184.5M | ||
| Q3 24 | $174.7M | $247.4M | ||
| Q2 24 | $150.4M | $151.4M |
自由现金流PENNRBLX
| Q1 26 | — | — | ||
| Q4 25 | $-83.2M | $308.6M | ||
| Q3 25 | $8.2M | $443.6M | ||
| Q2 25 | $18.8M | $176.7M | ||
| Q1 25 | $-83.3M | $426.5M | ||
| Q4 24 | $-118.1M | $120.6M | ||
| Q3 24 | $42.6M | $218.0M | ||
| Q2 24 | $62.2M | $111.7M |
自由现金流率PENNRBLX
| Q1 26 | — | — | ||
| Q4 25 | -4.6% | 21.8% | ||
| Q3 25 | 0.5% | 32.6% | ||
| Q2 25 | 1.1% | 16.3% | ||
| Q1 25 | -5.0% | 41.2% | ||
| Q4 24 | -7.1% | 12.2% | ||
| Q3 24 | 2.6% | 23.7% | ||
| Q2 24 | 3.7% | 12.5% |
资本支出强度PENNRBLX
| Q1 26 | 5.3% | — | ||
| Q4 25 | 10.5% | 21.1% | ||
| Q3 25 | 10.1% | 7.5% | ||
| Q2 25 | 9.0% | 2.1% | ||
| Q1 25 | 7.5% | 1.7% | ||
| Q4 24 | 13.2% | 6.5% | ||
| Q3 24 | 8.1% | 3.2% | ||
| Q2 24 | 5.3% | 4.4% |
现金转化率PENNRBLX
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.37× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 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
PENN
| Northeast segment (1) | $687.1M | 39% |
| Interactive (5) | $290.1M | 16% |
| South segment (2) | $288.3M | 16% |
| Midwest segment (4) | $282.9M | 16% |
| West segment (3) | $129.7M | 7% |
| Other | $101.0M | 6% |
RBLX
暂无分部数据
