vs
北极星（PII）与ROKU, INC（ROKU）财务数据对比。点击上方公司名可切换其他公司
北极星的季度营收约是ROKU, INC的1.2倍（$1.7B vs $1.4B），ROKU, INC净利率更高（5.8% vs -2.8%，领先8.6%），ROKU, INC同比增速更快（16.1% vs 8.0%），ROKU, INC自由现金流更多（$106.6M vs $-342.5M），过去两年ROKU, INC的营收复合增速更高（25.8% vs -8.0%）
北极星公司（Polaris Inc.）是总部位于美国明尼苏达州麦地那的机动车制造企业，创立于明尼苏达州罗索，当地目前仍保留其工程研发与生产设施。公司曾通过胜利摩托子公司生产摩托车，2011年收购印第安摩托品牌后转由该子公司运营摩托业务，此前还曾生产私人水上摩托艇产品。
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。
PII vs ROKU — 直观对比
营收规模更大
PII
是对方的1.2倍
$1.4B
营收增速更快
ROKU
高出8.1%
8.0%
净利率更高
ROKU
高出8.6%
-2.8%
自由现金流更多
ROKU
多$449.1M
$-342.5M
两年增速更快
ROKU
近两年复合增速
-8.0%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.7B | $1.4B |
| 净利润 | $-47.2M | $80.5M |
| 毛利率 | 20.2% | 43.5% |
| 营业利润率 | — | 4.7% |
| 净利率 | -2.8% | 5.8% |
| 营收同比 | 8.0% | 16.1% |
| 净利润同比 | 29.2% | 326.4% |
| 每股收益（稀释后） | $-0.83 | $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PIIROKU
| Q1 26 | $1.7B | — | ||
| Q4 25 | $1.9B | $1.4B | ||
| Q3 25 | $1.8B | $1.2B | ||
| Q2 25 | $1.9B | $1.1B | ||
| Q1 25 | $1.5B | $1.0B | ||
| Q4 24 | $1.8B | $1.2B | ||
| Q3 24 | $1.7B | $1.1B | ||
| Q2 24 | $2.0B | $968.2M |
净利润PIIROKU
| Q1 26 | $-47.2M | — | ||
| Q4 25 | $-303.6M | $80.5M | ||
| Q3 25 | $-15.8M | $24.8M | ||
| Q2 25 | $-79.3M | $10.5M | ||
| Q1 25 | $-66.8M | $-27.4M | ||
| Q4 24 | $10.6M | $-35.5M | ||
| Q3 24 | $27.7M | $-9.0M | ||
| Q2 24 | $68.7M | $-34.0M |
毛利率PIIROKU
| Q1 26 | 20.2% | — | ||
| Q4 25 | 20.0% | 43.5% | ||
| Q3 25 | 20.7% | 43.4% | ||
| Q2 25 | 19.4% | 44.8% | ||
| Q1 25 | 16.0% | 43.6% | ||
| Q4 24 | 20.4% | 42.7% | ||
| Q3 24 | 20.6% | 45.2% | ||
| Q2 24 | 21.6% | 43.9% |
营业利润率PIIROKU
| Q1 26 | — | — | ||
| Q4 25 | -16.7% | 4.7% | ||
| Q3 25 | 1.1% | 0.8% | ||
| Q2 25 | -0.7% | -2.1% | ||
| Q1 25 | -2.4% | -5.7% | ||
| Q4 24 | 3.7% | -3.3% | ||
| Q3 24 | 3.8% | -3.4% | ||
| Q2 24 | 6.1% | -7.4% |
净利率PIIROKU
| Q1 26 | -2.8% | — | ||
| Q4 25 | -15.8% | 5.8% | ||
| Q3 25 | -0.9% | 2.0% | ||
| Q2 25 | -4.3% | 0.9% | ||
| Q1 25 | -4.3% | -2.7% | ||
| Q4 24 | 0.6% | -3.0% | ||
| Q3 24 | 1.6% | -0.9% | ||
| Q2 24 | 3.5% | -3.5% |
每股收益（稀释后）PIIROKU
| Q1 26 | $-0.83 | — | ||
| Q4 25 | $-5.34 | $0.55 | ||
| Q3 25 | $-0.28 | $0.16 | ||
| Q2 25 | $-1.39 | $0.07 | ||
| Q1 25 | $-1.17 | $-0.19 | ||
| Q4 24 | $0.18 | $-0.24 | ||
| Q3 24 | $0.49 | $-0.06 | ||
| Q2 24 | $1.21 | $-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 | $282.0M | $2.3B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $750.4M | $2.7B |
| 总资产 | $5.2B | $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PIIROKU
| Q1 26 | $282.0M | — | ||
| Q4 25 | $138.0M | $2.3B | ||
| Q3 25 | $335.5M | $2.3B | ||
| Q2 25 | $324.3M | $2.3B | ||
| Q1 25 | $291.7M | $2.3B | ||
| Q4 24 | $287.8M | $2.2B | ||
| Q3 24 | $291.3M | $2.1B | ||
| Q2 24 | $322.7M | $2.1B |
总债务PIIROKU
| Q1 26 | — | — | ||
| Q4 25 | $1.5B | — | ||
| Q3 25 | $1.3B | — | ||
| Q2 25 | $1.4B | — | ||
| Q1 25 | $1.6B | — | ||
| Q4 24 | $1.6B | — | ||
| Q3 24 | $1.7B | — | ||
| Q2 24 | $2.1B | — |
股东权益PIIROKU
| Q1 26 | $750.4M | — | ||
| Q4 25 | $828.4M | $2.7B | ||
| Q3 25 | $1.1B | $2.6B | ||
| Q2 25 | $1.2B | $2.6B | ||
| Q1 25 | $1.2B | $2.5B | ||
| Q4 24 | $1.3B | $2.5B | ||
| Q3 24 | $1.3B | $2.5B | ||
| Q2 24 | $1.3B | $2.4B |
总资产PIIROKU
| Q1 26 | $5.2B | — | ||
| Q4 25 | $4.9B | $4.4B | ||
| Q3 25 | $5.3B | $4.4B | ||
| Q2 25 | $5.4B | $4.3B | ||
| Q1 25 | $5.5B | $4.2B | ||
| Q4 24 | $5.5B | $4.3B | ||
| Q3 24 | $5.6B | $4.3B | ||
| Q2 24 | $5.7B | $4.1B |
负债/权益比PIIROKU
| Q1 26 | — | — | ||
| Q4 25 | 1.82× | — | ||
| Q3 25 | 1.13× | — | ||
| Q2 25 | 1.17× | — | ||
| Q1 25 | 1.32× | — | ||
| Q4 24 | 1.27× | — | ||
| Q3 24 | 1.29× | — | ||
| Q2 24 | 1.56× | — |
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 | $-342.5M | $106.6M |
| 自由现金流率自由现金流/营收 | -20.6% | 7.6% |
| 资本支出强度资本支出/营收 | — | 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 | $168.0M | $478.4M |
8季度趋势，按日历期对齐
经营现金流PIIROKU
| Q1 26 | — | — | ||
| Q4 25 | $178.7M | $107.7M | ||
| Q3 25 | $158.8M | $127.6M | ||
| Q2 25 | $320.3M | $109.7M | ||
| Q1 25 | $83.2M | $138.7M | ||
| Q4 24 | $206.3M | $79.3M | ||
| Q3 24 | $21.0M | $68.7M | ||
| Q2 24 | $146.3M | $23.4M |
自由现金流PIIROKU
| Q1 26 | $-342.5M | — | ||
| Q4 25 | $114.0M | $106.6M | ||
| Q3 25 | $116.7M | $126.5M | ||
| Q2 25 | $279.8M | $108.6M | ||
| Q1 25 | $47.6M | $136.8M | ||
| Q4 24 | $137.3M | $76.8M | ||
| Q3 24 | $-32.4M | $67.6M | ||
| Q2 24 | $79.1M | $22.5M |
自由现金流率PIIROKU
| Q1 26 | -20.6% | — | ||
| Q4 25 | 5.9% | 7.6% | ||
| Q3 25 | 6.3% | 10.4% | ||
| Q2 25 | 15.1% | 9.8% | ||
| Q1 25 | 3.1% | 13.4% | ||
| Q4 24 | 7.8% | 6.4% | ||
| Q3 24 | -1.9% | 6.4% | ||
| Q2 24 | 4.0% | 2.3% |
资本支出强度PIIROKU
| Q1 26 | — | — | ||
| Q4 25 | 3.4% | 0.1% | ||
| Q3 25 | 2.3% | 0.1% | ||
| Q2 25 | 2.2% | 0.1% | ||
| Q1 25 | 2.3% | 0.2% | ||
| Q4 24 | 3.9% | 0.2% | ||
| Q3 24 | 3.1% | 0.1% | ||
| Q2 24 | 3.4% | 0.1% |
现金转化率PIIROKU
| Q1 26 | — | — | ||
| Q4 25 | — | 1.34× | ||
| Q3 25 | — | 5.14× | ||
| Q2 25 | — | 10.45× | ||
| Q1 25 | — | — | ||
| Q4 24 | 19.46× | — | ||
| Q3 24 | 0.76× | — | ||
| Q2 24 | 2.13× | — |
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
PII
暂无分部数据
ROKU
| Services | $1.2B | 88% |
| Products | $170.9M | 12% |
