vs
Pinnacle West Capital（PNW）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Pinnacle West Capital的1.3倍（$1.4B vs $1.1B），Pinnacle West Capital净利率更高（1.6% vs -22.3%，领先23.9%），罗布乐思同比增速更快（43.2% vs 3.0%），罗布乐思自由现金流更多（$308.6M vs $-192.7M），过去两年罗布乐思的营收复合增速更高（32.9% vs 8.9%）
Pinnacle West Capital是美国公用事业控股企业，旗下拥有亚利桑那州规模最大的公用事业公司亚利桑那公共服务（APS）。公司于纽约证券交易所上市，是标普500指数成分股，运营受亚利桑那州公司委员会监管。
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。
PNW vs RBLX — 直观对比
营收规模更大
RBLX
是对方的1.3倍
$1.1B
营收增速更快
RBLX
高出40.2%
3.0%
净利率更高
PNW
高出23.9%
-22.3%
自由现金流更多
RBLX
多$501.3M
$-192.7M
两年增速更快
RBLX
近两年复合增速
8.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $1.4B |
| 净利润 | $17.6M | $-316.0M |
| 毛利率 | — | 77.7% |
| 营业利润率 | 10.7% | -25.3% |
| 净利率 | 1.6% | -22.3% |
| 营收同比 | 3.0% | 43.2% |
| 净利润同比 | 798.0% | -43.9% |
| 每股收益（稀释后） | $0.12 | $-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PNWRBLX
| Q4 25 | $1.1B | $1.4B | ||
| Q3 25 | $1.8B | $1.4B | ||
| Q2 25 | $1.4B | $1.1B | ||
| Q1 25 | $1.0B | $1.0B | ||
| Q4 24 | $1.1B | $988.2M | ||
| Q3 24 | $1.8B | $919.0M | ||
| Q2 24 | $1.3B | $893.5M | ||
| Q1 24 | $951.7M | $801.3M |
净利润PNWRBLX
| Q4 25 | $17.6M | $-316.0M | ||
| Q3 25 | $417.5M | $-255.6M | ||
| Q2 25 | $196.9M | $-278.4M | ||
| Q1 25 | $-338.0K | $-215.1M | ||
| Q4 24 | $-2.5M | $-219.6M | ||
| Q3 24 | $399.3M | $-239.3M | ||
| Q2 24 | $208.1M | $-205.9M | ||
| Q1 24 | $21.2M | $-270.6M |
毛利率PNWRBLX
| Q4 25 | — | 77.7% | ||
| Q3 25 | — | 78.2% | ||
| Q2 25 | — | 78.2% | ||
| Q1 25 | — | 78.3% | ||
| Q4 24 | — | 77.9% | ||
| Q3 24 | — | 77.7% | ||
| Q2 24 | — | 77.8% | ||
| Q1 24 | — | 77.7% |
营业利润率PNWRBLX
| Q4 25 | 10.7% | -25.3% | ||
| Q3 25 | 32.0% | -21.8% | ||
| Q2 25 | 22.6% | -29.8% | ||
| Q1 25 | 5.5% | -24.6% | ||
| Q4 24 | 7.7% | -24.7% | ||
| Q3 24 | 30.9% | -30.4% | ||
| Q2 24 | 24.0% | -26.6% | ||
| Q1 24 | 7.0% | -37.7% |
净利率PNWRBLX
| Q4 25 | 1.6% | -22.3% | ||
| Q3 25 | 22.9% | -18.8% | ||
| Q2 25 | 14.5% | -25.8% | ||
| Q1 25 | -0.0% | -20.8% | ||
| Q4 24 | -0.2% | -22.2% | ||
| Q3 24 | 22.6% | -26.0% | ||
| Q2 24 | 15.9% | -23.0% | ||
| Q1 24 | 2.2% | -33.8% |
每股收益（稀释后）PNWRBLX
| Q4 25 | $0.12 | $-0.44 | ||
| Q3 25 | $3.39 | $-0.37 | ||
| Q2 25 | $1.58 | $-0.41 | ||
| Q1 25 | $-0.04 | $-0.32 | ||
| Q4 24 | $-0.04 | $-0.32 | ||
| Q3 24 | $3.37 | $-0.37 | ||
| Q2 24 | $1.76 | $-0.32 | ||
| Q1 24 | $0.15 | $-0.43 |
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 | $6.6M | $3.1B |
| 总债务越低越好 | — | $1.2B |
| 股东权益账面价值 | $7.0B | $394.5M |
| 总资产 | $30.0B | $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PNWRBLX
| Q4 25 | $6.6M | $3.1B | ||
| Q3 25 | $30.9M | $2.9B | ||
| Q2 25 | $18.8M | $2.6B | ||
| Q1 25 | $10.0M | $2.7B | ||
| Q4 24 | $3.8M | $2.4B | ||
| Q3 24 | $49.2M | $2.3B | ||
| Q2 24 | $4.0M | $2.4B | ||
| Q1 24 | $9.6M | $2.4B |
总债务PNWRBLX
| Q4 25 | — | $1.2B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益PNWRBLX
| Q4 25 | $7.0B | $394.5M | ||
| Q3 25 | $7.2B | $407.6M | ||
| Q2 25 | $6.7B | $353.2M | ||
| Q1 25 | $6.7B | $310.7M | ||
| Q4 24 | $6.8B | $221.4M | ||
| Q3 24 | $6.6B | $189.9M | ||
| Q2 24 | $6.2B | $121.5M | ||
| Q1 24 | $6.2B | $71.6M |
总资产PNWRBLX
| Q4 25 | $30.0B | $9.6B | ||
| Q3 25 | $29.9B | $8.6B | ||
| Q2 25 | $29.2B | $7.8B | ||
| Q1 25 | $27.2B | $7.5B | ||
| Q4 24 | $26.1B | $7.2B | ||
| Q3 24 | $26.3B | $6.7B | ||
| Q2 24 | $25.7B | $6.5B | ||
| Q1 24 | $24.8B | $6.3B |
负债/权益比PNWRBLX
| Q4 25 | — | 2.98× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 5.48× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 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 | $476.8M | $607.0M |
| 自由现金流经营现金流 - 资本支出 | $-192.7M | $308.6M |
| 自由现金流率自由现金流/营收 | -17.1% | 21.8% |
| 资本支出强度资本支出/营收 | 59.3% | 21.1% |
| 现金转化率经营现金流/净利润 | 27.09× | — |
| 过去12个月自由现金流最近4个季度 | $-819.5M | $1.4B |
8季度趋势，按日历期对齐
经营现金流PNWRBLX
| Q4 25 | $476.8M | $607.0M | ||
| Q3 25 | $665.0M | $546.2M | ||
| Q2 25 | $261.4M | $199.3M | ||
| Q1 25 | $401.9M | $443.9M | ||
| Q4 24 | $439.5M | $184.5M | ||
| Q3 24 | $633.2M | $247.4M | ||
| Q2 24 | $189.8M | $151.4M | ||
| Q1 24 | $347.4M | $238.9M |
自由现金流PNWRBLX
| Q4 25 | $-192.7M | $308.6M | ||
| Q3 25 | $42.0M | $443.6M | ||
| Q2 25 | $-448.1M | $176.7M | ||
| Q1 25 | $-220.7M | $426.5M | ||
| Q4 24 | $-92.1M | $120.6M | ||
| Q3 24 | $-32.7M | $218.0M | ||
| Q2 24 | $-344.2M | $111.7M | ||
| Q1 24 | $-170.4M | $192.3M |
自由现金流率PNWRBLX
| Q4 25 | -17.1% | 21.8% | ||
| Q3 25 | 2.3% | 32.6% | ||
| Q2 25 | -33.0% | 16.3% | ||
| Q1 25 | -21.4% | 41.2% | ||
| Q4 24 | -8.4% | 12.2% | ||
| Q3 24 | -1.8% | 23.7% | ||
| Q2 24 | -26.3% | 12.5% | ||
| Q1 24 | -17.9% | 24.0% |
资本支出强度PNWRBLX
| Q4 25 | 59.3% | 21.1% | ||
| Q3 25 | 34.2% | 7.5% | ||
| Q2 25 | 52.2% | 2.1% | ||
| Q1 25 | 60.3% | 1.7% | ||
| Q4 24 | 48.5% | 6.5% | ||
| Q3 24 | 37.6% | 3.2% | ||
| Q2 24 | 40.8% | 4.4% | ||
| Q1 24 | 54.4% | 5.8% |
现金转化率PNWRBLX
| Q4 25 | 27.09× | — | ||
| Q3 25 | 1.59× | — | ||
| Q2 25 | 1.33× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.59× | — | ||
| Q2 24 | 0.91× | — | ||
| Q1 24 | 16.41× | — |
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
PNW
| Electricand Transmission Service | $1.1B | 100% |
| Other Services | $4.4M | 0% |
RBLX
暂无分部数据
