vs
滨特尔（PNR）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
罗布乐思的季度营收约是滨特尔的1.4倍（$1.4B vs $1.0B），滨特尔净利率更高（16.6% vs -22.3%，领先39.0%），罗布乐思同比增速更快（43.2% vs 2.6%），罗布乐思自由现金流更多（$308.6M vs $-85.7M），过去两年罗布乐思的营收复合增速更高（32.9% vs -2.9%）
滨特尔（股票代码PNR）是知名水处理企业，注册地位于爱尔兰，税务居民身份归属英国，美国区总部设于明尼苏达州金谷市。品牌起源于美国，2017年数据显示其65%的营收来自美国和加拿大，2014年集团完成架构重组，注册地由瑞士变更为爱尔兰。
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。
PNR vs RBLX — 直观对比
营收规模更大
RBLX
是对方的1.4倍
$1.0B
营收增速更快
RBLX
高出40.6%
2.6%
净利率更高
PNR
高出39.0%
-22.3%
自由现金流更多
RBLX
多$394.3M
$-85.7M
两年增速更快
RBLX
近两年复合增速
-2.9%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.0B | $1.4B |
| 净利润 | $172.4M | $-316.0M |
| 毛利率 | 41.8% | 77.7% |
| 营业利润率 | 20.3% | -25.3% |
| 净利率 | 16.6% | -22.3% |
| 营收同比 | 2.6% | 43.2% |
| 净利润同比 | 11.3% | -43.9% |
| 每股收益（稀释后） | — | $-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PNRRBLX
| Q1 26 | $1.0B | — | ||
| Q4 25 | $1.0B | $1.4B | ||
| Q3 25 | $1.0B | $1.4B | ||
| Q2 25 | $1.1B | $1.1B | ||
| Q1 25 | $1.0B | $1.0B | ||
| Q4 24 | $972.9M | $988.2M | ||
| Q3 24 | $993.4M | $919.0M | ||
| Q2 24 | $1.1B | $893.5M |
净利润PNRRBLX
| Q1 26 | $172.4M | — | ||
| Q4 25 | $166.1M | $-316.0M | ||
| Q3 25 | $184.3M | $-255.6M | ||
| Q2 25 | $148.5M | $-278.4M | ||
| Q1 25 | $154.9M | $-215.1M | ||
| Q4 24 | $166.4M | $-219.6M | ||
| Q3 24 | $139.6M | $-239.3M | ||
| Q2 24 | $186.1M | $-205.9M |
毛利率PNRRBLX
| Q1 26 | 41.8% | — | ||
| Q4 25 | 40.4% | 77.7% | ||
| Q3 25 | 41.0% | 78.2% | ||
| Q2 25 | 40.7% | 78.2% | ||
| Q1 25 | 39.9% | 78.3% | ||
| Q4 24 | 38.8% | 77.9% | ||
| Q3 24 | 39.6% | 77.7% | ||
| Q2 24 | 39.8% | 77.8% |
营业利润率PNRRBLX
| Q1 26 | 20.3% | — | ||
| Q4 25 | 20.1% | -25.3% | ||
| Q3 25 | 22.7% | -21.8% | ||
| Q2 25 | 19.4% | -29.8% | ||
| Q1 25 | 20.1% | -24.6% | ||
| Q4 24 | 20.1% | -24.7% | ||
| Q3 24 | 18.1% | -30.4% | ||
| Q2 24 | 22.6% | -26.6% |
净利率PNRRBLX
| Q1 26 | 16.6% | — | ||
| Q4 25 | 16.3% | -22.3% | ||
| Q3 25 | 18.0% | -18.8% | ||
| Q2 25 | 13.2% | -25.8% | ||
| Q1 25 | 15.3% | -20.8% | ||
| Q4 24 | 17.1% | -22.2% | ||
| Q3 24 | 14.1% | -26.0% | ||
| Q2 24 | 16.9% | -23.0% |
每股收益（稀释后）PNRRBLX
| Q1 26 | — | — | ||
| Q4 25 | $1.01 | $-0.44 | ||
| Q3 25 | $1.12 | $-0.37 | ||
| Q2 25 | $0.90 | $-0.41 | ||
| Q1 25 | $0.93 | $-0.32 | ||
| Q4 24 | $0.99 | $-0.32 | ||
| Q3 24 | $0.84 | $-0.37 | ||
| Q2 24 | $1.11 | $-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 | $67.7M | $3.1B |
| 总债务越低越好 | $1.9B | $1.2B |
| 股东权益账面价值 | $3.8B | $394.5M |
| 总资产 | $7.1B | $9.6B |
| 负债/权益比越低杠杆越低 | 0.51× | 2.98× |
8季度趋势，按日历期对齐
现金及短期投资PNRRBLX
| Q1 26 | $67.7M | — | ||
| Q4 25 | — | $3.1B | ||
| Q3 25 | $128.4M | $2.9B | ||
| Q2 25 | $143.0M | $2.6B | ||
| Q1 25 | $140.6M | $2.7B | ||
| Q4 24 | $118.7M | $2.4B | ||
| Q3 24 | $218.1M | $2.3B | ||
| Q2 24 | $214.3M | $2.4B |
总债务PNRRBLX
| Q1 26 | $1.9B | — | ||
| Q4 25 | $1.6B | $1.2B | ||
| Q3 25 | $1.6B | — | ||
| Q2 25 | $1.4B | — | ||
| Q1 25 | $1.8B | — | ||
| Q4 24 | $1.6B | $1.2B | ||
| Q3 24 | — | — | ||
| Q2 24 | $1.8B | — |
股东权益PNRRBLX
| Q1 26 | $3.8B | — | ||
| Q4 25 | $3.9B | $394.5M | ||
| Q3 25 | $3.8B | $407.6M | ||
| Q2 25 | $3.7B | $353.2M | ||
| Q1 25 | $3.6B | $310.7M | ||
| Q4 24 | $3.6B | $221.4M | ||
| Q3 24 | $3.5B | $189.9M | ||
| Q2 24 | $3.4B | $121.5M |
总资产PNRRBLX
| Q1 26 | $7.1B | — | ||
| Q4 25 | $6.9B | $9.6B | ||
| Q3 25 | $6.8B | $8.6B | ||
| Q2 25 | $6.5B | $7.8B | ||
| Q1 25 | $6.7B | $7.5B | ||
| Q4 24 | $6.4B | $7.2B | ||
| Q3 24 | $6.5B | $6.7B | ||
| Q2 24 | $6.5B | $6.5B |
负债/权益比PNRRBLX
| Q1 26 | 0.51× | — | ||
| Q4 25 | 0.42× | 2.98× | ||
| Q3 25 | 0.42× | — | ||
| Q2 25 | 0.38× | — | ||
| Q1 25 | 0.51× | — | ||
| Q4 24 | 0.46× | 5.48× | ||
| Q3 24 | — | — | ||
| Q2 24 | 0.51× | — |
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 | $-85.7M | $308.6M |
| 自由现金流率自由现金流/营收 | -8.3% | 21.8% |
| 资本支出强度资本支出/营收 | 1.8% | 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 | $716.0M | $1.4B |
8季度趋势，按日历期对齐
经营现金流PNRRBLX
| Q1 26 | — | — | ||
| Q4 25 | $50.8M | $607.0M | ||
| Q3 25 | $196.3M | $546.2M | ||
| Q2 25 | $606.6M | $199.3M | ||
| Q1 25 | $-38.9M | $443.9M | ||
| Q4 24 | $86.5M | $184.5M | ||
| Q3 24 | $248.6M | $247.4M | ||
| Q2 24 | $539.2M | $151.4M |
自由现金流PNRRBLX
| Q1 26 | $-85.7M | — | ||
| Q4 25 | $27.1M | $308.6M | ||
| Q3 25 | $178.9M | $443.6M | ||
| Q2 25 | $595.7M | $176.7M | ||
| Q1 25 | $-55.7M | $426.5M | ||
| Q4 24 | $63.8M | $120.6M | ||
| Q3 24 | $233.2M | $218.0M | ||
| Q2 24 | $522.2M | $111.7M |
自由现金流率PNRRBLX
| Q1 26 | -8.3% | — | ||
| Q4 25 | 2.7% | 21.8% | ||
| Q3 25 | 17.5% | 32.6% | ||
| Q2 25 | 53.0% | 16.3% | ||
| Q1 25 | -5.5% | 41.2% | ||
| Q4 24 | 6.6% | 12.2% | ||
| Q3 24 | 23.5% | 23.7% | ||
| Q2 24 | 47.5% | 12.5% |
资本支出强度PNRRBLX
| Q1 26 | 1.8% | — | ||
| Q4 25 | 2.3% | 21.1% | ||
| Q3 25 | 1.7% | 7.5% | ||
| Q2 25 | 1.0% | 2.1% | ||
| Q1 25 | 1.7% | 1.7% | ||
| Q4 24 | 2.3% | 6.5% | ||
| Q3 24 | 1.6% | 3.2% | ||
| Q2 24 | 1.5% | 4.4% |
现金转化率PNRRBLX
| Q1 26 | — | — | ||
| Q4 25 | 0.31× | — | ||
| Q3 25 | 1.07× | — | ||
| Q2 25 | 4.08× | — | ||
| Q1 25 | -0.25× | — | ||
| Q4 24 | 0.52× | — | ||
| Q3 24 | 1.78× | — | ||
| Q2 24 | 2.90× | — |
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
PNR
| Water Solutions | $391.0M | 38% |
| Pool | $387.1M | 37% |
| Flow | $258.1M | 25% |
RBLX
暂无分部数据
