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PINTEREST, INC.（PINS）与ROKU, INC（ROKU）财务数据对比。点击上方公司名可切换其他公司
ROKU, INC的季度营收约是PINTEREST, INC.的1.1倍（$1.4B vs $1.3B），PINTEREST, INC.净利率更高（21.0% vs 5.8%，领先15.2%），ROKU, INC同比增速更快（16.1% vs 14.3%），PINTEREST, INC.自由现金流更多（$380.4M vs $106.6M），过去两年PINTEREST, INC.的营收复合增速更高（33.5% vs 25.8%）
Pinterest是美国社交媒体服务商，主打数字图板形式的信息发布与发现功能，用户可通过图片分享获取食谱、家居、穿搭、创意灵感等多元内容。公司由本·西尔伯曼、保罗·夏拉、埃文·夏普联合创立，总部位于旧金山。
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。
PINS vs ROKU — 直观对比
营收规模更大
ROKU
是对方的1.1倍
$1.3B
营收增速更快
ROKU
高出1.8%
14.3%
净利率更高
PINS
高出15.2%
5.8%
自由现金流更多
PINS
多$273.8M
$106.6M
两年增速更快
PINS
近两年复合增速
25.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $1.4B |
| 净利润 | $277.1M | $80.5M |
| 毛利率 | 82.8% | 43.5% |
| 营业利润率 | 22.8% | 4.7% |
| 净利率 | 21.0% | 5.8% |
| 营收同比 | 14.3% | 16.1% |
| 净利润同比 | -85.0% | 326.4% |
| 每股收益（稀释后） | $0.41 | $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PINSROKU
| Q4 25 | $1.3B | $1.4B | ||
| Q3 25 | $1.0B | $1.2B | ||
| Q2 25 | $998.2M | $1.1B | ||
| Q1 25 | $855.0M | $1.0B | ||
| Q4 24 | $1.2B | $1.2B | ||
| Q3 24 | $898.4M | $1.1B | ||
| Q2 24 | $853.7M | $968.2M | ||
| Q1 24 | $740.0M | $881.5M |
净利润PINSROKU
| Q4 25 | $277.1M | $80.5M | ||
| Q3 25 | $92.1M | $24.8M | ||
| Q2 25 | $38.8M | $10.5M | ||
| Q1 25 | $8.9M | $-27.4M | ||
| Q4 24 | $1.8B | $-35.5M | ||
| Q3 24 | $30.6M | $-9.0M | ||
| Q2 24 | $8.9M | $-34.0M | ||
| Q1 24 | $-24.8M | $-50.9M |
毛利率PINSROKU
| Q4 25 | 82.8% | 43.5% | ||
| Q3 25 | 79.8% | 43.4% | ||
| Q2 25 | 79.7% | 44.8% | ||
| Q1 25 | 76.7% | 43.6% | ||
| Q4 24 | 82.9% | 42.7% | ||
| Q3 24 | 79.1% | 45.2% | ||
| Q2 24 | 78.3% | 43.9% | ||
| Q1 24 | 75.5% | 44.1% |
营业利润率PINSROKU
| Q4 25 | 22.8% | 4.7% | ||
| Q3 25 | 5.6% | 0.8% | ||
| Q2 25 | -0.4% | -2.1% | ||
| Q1 25 | -4.1% | -5.7% | ||
| Q4 24 | 22.7% | -3.3% | ||
| Q3 24 | -0.7% | -3.4% | ||
| Q2 24 | -2.5% | -7.4% | ||
| Q1 24 | -7.4% | -8.2% |
净利率PINSROKU
| Q4 25 | 21.0% | 5.8% | ||
| Q3 25 | 8.8% | 2.0% | ||
| Q2 25 | 3.9% | 0.9% | ||
| Q1 25 | 1.0% | -2.7% | ||
| Q4 24 | 160.1% | -3.0% | ||
| Q3 24 | 3.4% | -0.9% | ||
| Q2 24 | 1.0% | -3.5% | ||
| Q1 24 | -3.4% | -5.8% |
每股收益（稀释后）PINSROKU
| Q4 25 | $0.41 | $0.55 | ||
| Q3 25 | $0.13 | $0.16 | ||
| Q2 25 | $0.06 | $0.07 | ||
| Q1 25 | $0.01 | $-0.19 | ||
| Q4 24 | $2.66 | $-0.24 | ||
| Q3 24 | $0.04 | $-0.06 | ||
| Q2 24 | $0.01 | $-0.24 | ||
| Q1 24 | $-0.04 | $-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 | $969.3M | $2.3B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $4.7B | $2.7B |
| 总资产 | $5.5B | $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PINSROKU
| Q4 25 | $969.3M | $2.3B | ||
| Q3 25 | $1.1B | $2.3B | ||
| Q2 25 | $1.2B | $2.3B | ||
| Q1 25 | $1.3B | $2.3B | ||
| Q4 24 | $1.1B | $2.2B | ||
| Q3 24 | $1.0B | $2.1B | ||
| Q2 24 | $1.4B | $2.1B | ||
| Q1 24 | $1.6B | $2.1B |
股东权益PINSROKU
| Q4 25 | $4.7B | $2.7B | ||
| Q3 25 | $4.8B | $2.6B | ||
| Q2 25 | $4.8B | $2.6B | ||
| Q1 25 | $4.7B | $2.5B | ||
| Q4 24 | $4.8B | $2.5B | ||
| Q3 24 | $2.9B | $2.5B | ||
| Q2 24 | $3.2B | $2.4B | ||
| Q1 24 | $3.1B | $2.4B |
总资产PINSROKU
| Q4 25 | $5.5B | $4.4B | ||
| Q3 25 | $5.5B | $4.4B | ||
| Q2 25 | $5.4B | $4.3B | ||
| Q1 25 | $5.3B | $4.2B | ||
| Q4 24 | $5.3B | $4.3B | ||
| Q3 24 | $3.5B | $4.3B | ||
| Q2 24 | $3.7B | $4.1B | ||
| Q1 24 | $3.7B | $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 | $391.2M | $107.7M |
| 自由现金流经营现金流 - 资本支出 | $380.4M | $106.6M |
| 自由现金流率自由现金流/营收 | 28.8% | 7.6% |
| 资本支出强度资本支出/营收 | 0.8% | 0.1% |
| 现金转化率经营现金流/净利润 | 1.41× | 1.34× |
| 过去12个月自由现金流最近4个季度 | $1.3B | $478.4M |
8季度趋势，按日历期对齐
经营现金流PINSROKU
| Q4 25 | $391.2M | $107.7M | ||
| Q3 25 | $321.7M | $127.6M | ||
| Q2 25 | $207.7M | $109.7M | ||
| Q1 25 | $363.7M | $138.7M | ||
| Q4 24 | $254.0M | $79.3M | ||
| Q3 24 | $248.0M | $68.7M | ||
| Q2 24 | $106.4M | $23.4M | ||
| Q1 24 | $356.1M | $46.7M |
自由现金流PINSROKU
| Q4 25 | $380.4M | $106.6M | ||
| Q3 25 | $318.4M | $126.5M | ||
| Q2 25 | $196.7M | $108.6M | ||
| Q1 25 | $356.4M | $136.8M | ||
| Q4 24 | $250.2M | $76.8M | ||
| Q3 24 | $244.1M | $67.6M | ||
| Q2 24 | $101.6M | $22.5M | ||
| Q1 24 | $344.0M | $46.0M |
自由现金流率PINSROKU
| Q4 25 | 28.8% | 7.6% | ||
| Q3 25 | 30.3% | 10.4% | ||
| Q2 25 | 19.7% | 9.8% | ||
| Q1 25 | 41.7% | 13.4% | ||
| Q4 24 | 21.7% | 6.4% | ||
| Q3 24 | 27.2% | 6.4% | ||
| Q2 24 | 11.9% | 2.3% | ||
| Q1 24 | 46.5% | 5.2% |
资本支出强度PINSROKU
| Q4 25 | 0.8% | 0.1% | ||
| Q3 25 | 0.3% | 0.1% | ||
| Q2 25 | 1.1% | 0.1% | ||
| Q1 25 | 0.9% | 0.2% | ||
| Q4 24 | 0.3% | 0.2% | ||
| Q3 24 | 0.4% | 0.1% | ||
| Q2 24 | 0.6% | 0.1% | ||
| Q1 24 | 1.6% | 0.1% |
现金转化率PINSROKU
| Q4 25 | 1.41× | 1.34× | ||
| Q3 25 | 3.49× | 5.14× | ||
| Q2 25 | 5.36× | 10.45× | ||
| Q1 25 | 40.77× | — | ||
| Q4 24 | 0.14× | — | ||
| Q3 24 | 8.12× | — | ||
| Q2 24 | 11.98× | — | ||
| 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
PINS
| United States And Canada | $944.3M | 72% |
| Other | $375.0M | 28% |
ROKU
| Services | $1.2B | 88% |
| Products | $170.9M | 12% |
