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PENN Entertainment, Inc.（PENN）与ROKU, INC（ROKU）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ROKU, INC的1.3倍（$1.8B vs $1.4B），ROKU, INC净利率更高（5.8% vs -0.2%，领先5.9%），ROKU, INC同比增速更快（16.1% vs 6.4%），过去两年ROKU, INC的营收复合增速更高（25.8% 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。
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。
PENN vs ROKU — 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
ROKU
高出9.8%
6.4%
净利率更高
ROKU
高出5.9%
-0.2%
两年增速更快
ROKU
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 | $80.5M |
| 毛利率 | — | 43.5% |
| 营业利润率 | 5.5% | 4.7% |
| 净利率 | -0.2% | 5.8% |
| 营收同比 | 6.4% | 16.1% |
| 净利润同比 | 66.7% | 326.4% |
| 每股收益（稀释后） | $-0.02 | $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PENNROKU
| Q1 26 | $1.8B | — | ||
| Q4 25 | $1.8B | $1.4B | ||
| Q3 25 | $1.7B | $1.2B | ||
| Q2 25 | $1.8B | $1.1B | ||
| Q1 25 | $1.7B | $1.0B | ||
| Q4 24 | $1.7B | $1.2B | ||
| Q3 24 | $1.6B | $1.1B | ||
| Q2 24 | $1.7B | $968.2M |
净利润PENNROKU
| Q1 26 | $-2.8M | — | ||
| Q4 25 | $-72.9M | $80.5M | ||
| Q3 25 | $-864.6M | $24.8M | ||
| Q2 25 | $-17.4M | $10.5M | ||
| Q1 25 | $111.8M | $-27.4M | ||
| Q4 24 | $-133.3M | $-35.5M | ||
| Q3 24 | $-36.7M | $-9.0M | ||
| Q2 24 | $-26.8M | $-34.0M |
毛利率PENNROKU
| Q1 26 | — | — | ||
| 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% |
营业利润率PENNROKU
| Q1 26 | 5.5% | — | ||
| Q4 25 | -1.0% | 4.7% | ||
| Q3 25 | -45.2% | 0.8% | ||
| Q2 25 | 4.4% | -2.1% | ||
| Q1 25 | 2.6% | -5.7% | ||
| Q4 24 | -2.9% | -3.3% | ||
| Q3 24 | 4.1% | -3.4% | ||
| Q2 24 | 4.5% | -7.4% |
净利率PENNROKU
| Q1 26 | -0.2% | — | ||
| Q4 25 | -4.0% | 5.8% | ||
| Q3 25 | -50.3% | 2.0% | ||
| Q2 25 | -1.0% | 0.9% | ||
| Q1 25 | 6.7% | -2.7% | ||
| Q4 24 | -8.0% | -3.0% | ||
| Q3 24 | -2.2% | -0.9% | ||
| Q2 24 | -1.6% | -3.5% |
每股收益（稀释后）PENNROKU
| Q1 26 | $-0.02 | — | ||
| Q4 25 | $-0.36 | $0.55 | ||
| Q3 25 | $-6.03 | $0.16 | ||
| Q2 25 | $-0.12 | $0.07 | ||
| Q1 25 | $0.68 | $-0.19 | ||
| Q4 24 | $-0.87 | $-0.24 | ||
| Q3 24 | $-0.24 | $-0.06 | ||
| Q2 24 | $-0.18 | $-0.24 |
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 | $2.3B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | — | $2.7B |
| 总资产 | — | $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PENNROKU
| Q1 26 | $708.0M | — | ||
| Q4 25 | $686.6M | $2.3B | ||
| Q3 25 | $660.1M | $2.3B | ||
| Q2 25 | $671.6M | $2.3B | ||
| Q1 25 | $591.6M | $2.3B | ||
| Q4 24 | $706.6M | $2.2B | ||
| Q3 24 | $834.0M | $2.1B | ||
| Q2 24 | $877.6M | $2.1B |
总债务PENNROKU
| Q1 26 | — | — | ||
| Q4 25 | $2.9B | — | ||
| Q3 25 | $2.9B | — | ||
| Q2 25 | $2.8B | — | ||
| Q1 25 | $2.6B | — | ||
| Q4 24 | $2.8B | — | ||
| Q3 24 | $2.8B | — | ||
| Q2 24 | $2.8B | — |
股东权益PENNROKU
| Q1 26 | — | — | ||
| Q4 25 | $1.8B | $2.7B | ||
| Q3 25 | $2.0B | $2.6B | ||
| Q2 25 | $3.0B | $2.6B | ||
| Q1 25 | $3.0B | $2.5B | ||
| Q4 24 | $2.9B | $2.5B | ||
| Q3 24 | $3.1B | $2.5B | ||
| Q2 24 | $3.1B | $2.4B |
总资产PENNROKU
| Q1 26 | — | — | ||
| Q4 25 | $14.3B | $4.4B | ||
| Q3 25 | $14.3B | $4.4B | ||
| Q2 25 | $15.2B | $4.3B | ||
| Q1 25 | $15.1B | $4.2B | ||
| Q4 24 | $15.3B | $4.3B | ||
| Q3 24 | $15.5B | $4.3B | ||
| Q2 24 | $15.5B | $4.1B |
负债/权益比PENNROKU
| Q1 26 | — | — | ||
| Q4 25 | 1.58× | — | ||
| Q3 25 | 1.46× | — | ||
| Q2 25 | 0.94× | — | ||
| Q1 25 | 0.89× | — | ||
| Q4 24 | 0.98× | — | ||
| 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 | — | $107.7M |
| 自由现金流经营现金流 - 资本支出 | — | $106.6M |
| 自由现金流率自由现金流/营收 | — | 7.6% |
| 资本支出强度资本支出/营收 | 5.3% | 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 | — | $478.4M |
8季度趋势，按日历期对齐
经营现金流PENNROKU
| Q1 26 | — | — | ||
| Q4 25 | $107.2M | $107.7M | ||
| Q3 25 | $180.9M | $127.6M | ||
| Q2 25 | $178.2M | $109.7M | ||
| Q1 25 | $41.9M | $138.7M | ||
| Q4 24 | $102.9M | $79.3M | ||
| Q3 24 | $174.7M | $68.7M | ||
| Q2 24 | $150.4M | $23.4M |
自由现金流PENNROKU
| Q1 26 | — | — | ||
| Q4 25 | $-83.2M | $106.6M | ||
| Q3 25 | $8.2M | $126.5M | ||
| Q2 25 | $18.8M | $108.6M | ||
| Q1 25 | $-83.3M | $136.8M | ||
| Q4 24 | $-118.1M | $76.8M | ||
| Q3 24 | $42.6M | $67.6M | ||
| Q2 24 | $62.2M | $22.5M |
自由现金流率PENNROKU
| Q1 26 | — | — | ||
| Q4 25 | -4.6% | 7.6% | ||
| Q3 25 | 0.5% | 10.4% | ||
| Q2 25 | 1.1% | 9.8% | ||
| Q1 25 | -5.0% | 13.4% | ||
| Q4 24 | -7.1% | 6.4% | ||
| Q3 24 | 2.6% | 6.4% | ||
| Q2 24 | 3.7% | 2.3% |
资本支出强度PENNROKU
| Q1 26 | 5.3% | — | ||
| Q4 25 | 10.5% | 0.1% | ||
| Q3 25 | 10.1% | 0.1% | ||
| Q2 25 | 9.0% | 0.1% | ||
| Q1 25 | 7.5% | 0.2% | ||
| Q4 24 | 13.2% | 0.2% | ||
| Q3 24 | 8.1% | 0.1% | ||
| Q2 24 | 5.3% | 0.1% |
现金转化率PENNROKU
| Q1 26 | — | — | ||
| Q4 25 | — | 1.34× | ||
| Q3 25 | — | 5.14× | ||
| Q2 25 | — | 10.45× | ||
| 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% |
ROKU
| Services | $1.2B | 88% |
| Products | $170.9M | 12% |
