vs
Packaging Corporation of America（PKG）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
Packaging Corporation of America的季度营收约是罗布乐思的1.7倍（$2.4B vs $1.4B），Packaging Corporation of America净利率更高（7.2% vs -22.3%，领先29.5%），罗布乐思同比增速更快（43.2% vs 10.6%），过去两年罗布乐思的营收复合增速更高（32.9% vs 6.8%）
Packaging Corporation of America是总部位于美国伊利诺伊州莱克福里斯特的制造企业，业务主要布局于美国本土，当前拥有约15500名员工，首席执行官为Mark W. Kowlzan。
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。
PKG vs RBLX — 直观对比
营收规模更大
PKG
是对方的1.7倍
$1.4B
营收增速更快
RBLX
高出32.6%
10.6%
净利率更高
PKG
高出29.5%
-22.3%
两年增速更快
RBLX
近两年复合增速
6.8%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.4B | $1.4B |
| 净利润 | $170.9M | $-316.0M |
| 毛利率 | 19.1% | 77.7% |
| 营业利润率 | 10.6% | -25.3% |
| 净利率 | 7.2% | -22.3% |
| 营收同比 | 10.6% | 43.2% |
| 净利润同比 | -16.1% | -43.9% |
| 每股收益（稀释后） | $1.91 | $-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PKGRBLX
| Q1 26 | $2.4B | — | ||
| Q4 25 | $2.4B | $1.4B | ||
| Q3 25 | $2.3B | $1.4B | ||
| Q2 25 | $2.2B | $1.1B | ||
| Q1 25 | $2.1B | $1.0B | ||
| Q4 24 | $2.1B | $988.2M | ||
| Q3 24 | $2.2B | $919.0M | ||
| Q2 24 | $2.1B | $893.5M |
净利润PKGRBLX
| Q1 26 | $170.9M | — | ||
| Q4 25 | $101.9M | $-316.0M | ||
| Q3 25 | $226.9M | $-255.6M | ||
| Q2 25 | $241.5M | $-278.4M | ||
| Q1 25 | $203.8M | $-215.1M | ||
| Q4 24 | $221.2M | $-219.6M | ||
| Q3 24 | $238.1M | $-239.3M | ||
| Q2 24 | $198.9M | $-205.9M |
毛利率PKGRBLX
| Q1 26 | 19.1% | — | ||
| Q4 25 | 18.9% | 77.7% | ||
| Q3 25 | 21.8% | 78.2% | ||
| Q2 25 | 22.2% | 78.2% | ||
| Q1 25 | 21.2% | 78.3% | ||
| Q4 24 | 21.9% | 77.9% | ||
| Q3 24 | 23.1% | 77.7% | ||
| Q2 24 | 21.1% | 77.8% |
营业利润率PKGRBLX
| Q1 26 | 10.6% | — | ||
| Q4 25 | 7.1% | -25.3% | ||
| Q3 25 | 14.0% | -21.8% | ||
| Q2 25 | 15.4% | -29.8% | ||
| Q1 25 | 13.1% | -24.6% | ||
| Q4 24 | 14.1% | -24.7% | ||
| Q3 24 | 15.0% | -30.4% | ||
| Q2 24 | 13.3% | -26.6% |
净利率PKGRBLX
| Q1 26 | 7.2% | — | ||
| Q4 25 | 4.3% | -22.3% | ||
| Q3 25 | 9.8% | -18.8% | ||
| Q2 25 | 11.1% | -25.8% | ||
| Q1 25 | 9.5% | -20.8% | ||
| Q4 24 | 10.3% | -22.2% | ||
| Q3 24 | 10.9% | -26.0% | ||
| Q2 24 | 9.6% | -23.0% |
每股收益（稀释后）PKGRBLX
| Q1 26 | $1.91 | — | ||
| Q4 25 | $1.14 | $-0.44 | ||
| Q3 25 | $2.51 | $-0.37 | ||
| Q2 25 | $2.67 | $-0.41 | ||
| Q1 25 | $2.26 | $-0.32 | ||
| Q4 24 | $2.45 | $-0.32 | ||
| Q3 24 | $2.64 | $-0.37 | ||
| Q2 24 | $2.21 | $-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 | — | $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PKGRBLX
| Q1 26 | — | — | ||
| Q4 25 | $529.0M | $3.1B | ||
| Q3 25 | $634.0M | $2.9B | ||
| Q2 25 | $787.9M | $2.6B | ||
| Q1 25 | $751.7M | $2.7B | ||
| Q4 24 | $685.0M | $2.4B | ||
| Q3 24 | $676.6M | $2.3B | ||
| Q2 24 | $613.6M | $2.4B |
总债务PKGRBLX
| Q1 26 | — | — | ||
| Q4 25 | $4.0B | $1.2B | ||
| Q3 25 | $4.0B | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $2.5B | $1.2B | ||
| Q3 24 | $2.5B | — | ||
| Q2 24 | — | — |
股东权益PKGRBLX
| Q1 26 | — | — | ||
| Q4 25 | $4.6B | $394.5M | ||
| Q3 25 | $4.8B | $407.6M | ||
| Q2 25 | $4.6B | $353.2M | ||
| Q1 25 | $4.5B | $310.7M | ||
| Q4 24 | $4.4B | $221.4M | ||
| Q3 24 | $4.3B | $189.9M | ||
| Q2 24 | $4.1B | $121.5M |
总资产PKGRBLX
| Q1 26 | — | — | ||
| Q4 25 | $10.7B | $9.6B | ||
| Q3 25 | $11.0B | $8.6B | ||
| Q2 25 | $9.0B | $7.8B | ||
| Q1 25 | $9.0B | $7.5B | ||
| Q4 24 | $8.8B | $7.2B | ||
| Q3 24 | $8.8B | $6.7B | ||
| Q2 24 | $9.0B | $6.5B |
负债/权益比PKGRBLX
| Q1 26 | — | — | ||
| Q4 25 | 0.87× | 2.98× | ||
| Q3 25 | 0.84× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.57× | 5.48× | ||
| Q3 24 | 0.58× | — | ||
| Q2 24 | — | — |
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 | — | 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PKGRBLX
| Q1 26 | — | — | ||
| Q4 25 | $446.6M | $607.0M | ||
| Q3 25 | $472.2M | $546.2M | ||
| Q2 25 | $299.6M | $199.3M | ||
| Q1 25 | $339.1M | $443.9M | ||
| Q4 24 | $325.4M | $184.5M | ||
| Q3 24 | $327.1M | $247.4M | ||
| Q2 24 | $278.3M | $151.4M |
自由现金流PKGRBLX
| Q1 26 | — | — | ||
| Q4 25 | $127.6M | $308.6M | ||
| Q3 25 | $280.1M | $443.6M | ||
| Q2 25 | $129.9M | $176.7M | ||
| Q1 25 | $191.0M | $426.5M | ||
| Q4 24 | $124.1M | $120.6M | ||
| Q3 24 | $180.4M | $218.0M | ||
| Q2 24 | $33.3M | $111.7M |
自由现金流率PKGRBLX
| Q1 26 | — | — | ||
| Q4 25 | 5.4% | 21.8% | ||
| Q3 25 | 12.1% | 32.6% | ||
| Q2 25 | 6.0% | 16.3% | ||
| Q1 25 | 8.9% | 41.2% | ||
| Q4 24 | 5.8% | 12.2% | ||
| Q3 24 | 8.3% | 23.7% | ||
| Q2 24 | 1.6% | 12.5% |
资本支出强度PKGRBLX
| Q1 26 | — | — | ||
| Q4 25 | 13.5% | 21.1% | ||
| Q3 25 | 8.3% | 7.5% | ||
| Q2 25 | 7.8% | 2.1% | ||
| Q1 25 | 6.9% | 1.7% | ||
| Q4 24 | 9.4% | 6.5% | ||
| Q3 24 | 6.7% | 3.2% | ||
| Q2 24 | 11.8% | 4.4% |
现金转化率PKGRBLX
| Q1 26 | — | — | ||
| Q4 25 | 4.38× | — | ||
| Q3 25 | 2.08× | — | ||
| Q2 25 | 1.24× | — | ||
| Q1 25 | 1.66× | — | ||
| Q4 24 | 1.47× | — | ||
| Q3 24 | 1.37× | — | ||
| Q2 24 | 1.40× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
