vs
Pool Corporation（POOL）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Pool Corporation的1.2倍（$1.4B vs $1.1B），Pool Corporation净利率更高（4.7% vs -22.3%，领先27.0%），罗布乐思同比增速更快（43.2% vs 6.2%），过去两年罗布乐思的营收复合增速更高（32.9% vs -19.8%）
Pool Corporation（简称POOLCORP）是全球最大的游泳池用品、设备及机械分销商，注册地为美国特拉华州，总部位于路易斯安那州卡温顿。公司在北美、欧洲、澳大利亚运营439个销售中心，服务约12.5万客户，过半收入来自美国加州、得州、佛罗里达及亚利桑那市场，受益于人口向温暖气候区迁移的趋势。
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。
POOL vs RBLX — 直观对比
营收规模更大
RBLX
是对方的1.2倍
$1.1B
营收增速更快
RBLX
高出37.0%
6.2%
净利率更高
POOL
高出27.0%
-22.3%
两年增速更快
RBLX
近两年复合增速
-19.8%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $1.4B |
| 净利润 | $53.2M | $-316.0M |
| 毛利率 | 29.0% | 77.7% |
| 营业利润率 | 7.3% | -25.3% |
| 净利率 | 4.7% | -22.3% |
| 营收同比 | 6.2% | 43.2% |
| 净利润同比 | -0.6% | -43.9% |
| 每股收益（稀释后） | $1.45 | $-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POOLRBLX
| Q1 26 | $1.1B | — | ||
| Q4 25 | $982.2M | $1.4B | ||
| Q3 25 | $1.5B | $1.4B | ||
| Q2 25 | $1.8B | $1.1B | ||
| Q1 25 | $1.1B | $1.0B | ||
| Q4 24 | $987.5M | $988.2M | ||
| Q3 24 | $1.4B | $919.0M | ||
| Q2 24 | $1.8B | $893.5M |
净利润POOLRBLX
| Q1 26 | $53.2M | — | ||
| Q4 25 | $31.6M | $-316.0M | ||
| Q3 25 | $127.0M | $-255.6M | ||
| Q2 25 | $194.3M | $-278.4M | ||
| Q1 25 | $53.5M | $-215.1M | ||
| Q4 24 | $37.3M | $-219.6M | ||
| Q3 24 | $125.7M | $-239.3M | ||
| Q2 24 | $192.4M | $-205.9M |
毛利率POOLRBLX
| Q1 26 | 29.0% | — | ||
| Q4 25 | 30.1% | 77.7% | ||
| Q3 25 | 29.6% | 78.2% | ||
| Q2 25 | 30.0% | 78.2% | ||
| Q1 25 | 29.2% | 78.3% | ||
| Q4 24 | 29.4% | 77.9% | ||
| Q3 24 | 29.1% | 77.7% | ||
| Q2 24 | 30.0% | 77.8% |
营业利润率POOLRBLX
| Q1 26 | 7.3% | — | ||
| Q4 25 | 5.3% | -25.3% | ||
| Q3 25 | 12.3% | -21.8% | ||
| Q2 25 | 15.3% | -29.8% | ||
| Q1 25 | 7.2% | -24.6% | ||
| Q4 24 | 6.1% | -24.7% | ||
| Q3 24 | 12.3% | -30.4% | ||
| Q2 24 | 15.3% | -26.6% |
净利率POOLRBLX
| Q1 26 | 4.7% | — | ||
| Q4 25 | 3.2% | -22.3% | ||
| Q3 25 | 8.8% | -18.8% | ||
| Q2 25 | 10.9% | -25.8% | ||
| Q1 25 | 5.0% | -20.8% | ||
| Q4 24 | 3.8% | -22.2% | ||
| Q3 24 | 8.8% | -26.0% | ||
| Q2 24 | 10.9% | -23.0% |
每股收益（稀释后）POOLRBLX
| Q1 26 | $1.45 | — | ||
| Q4 25 | $0.86 | $-0.44 | ||
| Q3 25 | $3.40 | $-0.37 | ||
| Q2 25 | $5.17 | $-0.41 | ||
| Q1 25 | $1.42 | $-0.32 | ||
| Q4 24 | $1.00 | $-0.32 | ||
| Q3 24 | $3.27 | $-0.37 | ||
| Q2 24 | $4.99 | $-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 | $64.5M | $3.1B |
| 总债务越低越好 | — | $1.2B |
| 股东权益账面价值 | — | $394.5M |
| 总资产 | $4.0B | $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POOLRBLX
| Q1 26 | $64.5M | — | ||
| Q4 25 | — | $3.1B | ||
| Q3 25 | — | $2.9B | ||
| Q2 25 | — | $2.6B | ||
| Q1 25 | — | $2.7B | ||
| Q4 24 | — | $2.4B | ||
| Q3 24 | — | $2.3B | ||
| Q2 24 | — | $2.4B |
总债务POOLRBLX
| Q1 26 | — | — | ||
| Q4 25 | — | $1.2B | ||
| Q3 25 | $1.0B | — | ||
| Q2 25 | $1.2B | — | ||
| Q1 25 | $968.0M | — | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | $879.1M | — | ||
| Q2 24 | $1.1B | — |
股东权益POOLRBLX
| Q1 26 | — | — | ||
| Q4 25 | $1.2B | $394.5M | ||
| Q3 25 | $1.4B | $407.6M | ||
| Q2 25 | $1.3B | $353.2M | ||
| Q1 25 | $1.2B | $310.7M | ||
| Q4 24 | $1.3B | $221.4M | ||
| Q3 24 | $1.4B | $189.9M | ||
| Q2 24 | $1.4B | $121.5M |
总资产POOLRBLX
| Q1 26 | $4.0B | — | ||
| Q4 25 | $3.6B | $9.6B | ||
| Q3 25 | $3.5B | $8.6B | ||
| Q2 25 | $3.7B | $7.8B | ||
| Q1 25 | $3.7B | $7.5B | ||
| Q4 24 | $3.4B | $7.2B | ||
| Q3 24 | $3.4B | $6.7B | ||
| Q2 24 | $3.6B | $6.5B |
负债/权益比POOLRBLX
| Q1 26 | — | — | ||
| Q4 25 | — | 2.98× | ||
| Q3 25 | 0.76× | — | ||
| Q2 25 | 0.93× | — | ||
| Q1 25 | 0.78× | — | ||
| Q4 24 | — | 5.48× | ||
| Q3 24 | 0.61× | — | ||
| Q2 24 | 0.75× | — |
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 | $25.7M | $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 | 0.48× | — |
| 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POOLRBLX
| Q1 26 | $25.7M | — | ||
| Q4 25 | $80.1M | $607.0M | ||
| Q3 25 | $287.3M | $546.2M | ||
| Q2 25 | $-28.8M | $199.3M | ||
| Q1 25 | $27.2M | $443.9M | ||
| Q4 24 | $170.6M | $184.5M | ||
| Q3 24 | $316.5M | $247.4M | ||
| Q2 24 | $26.7M | $151.4M |
自由现金流POOLRBLX
| Q1 26 | — | — | ||
| Q4 25 | $71.9M | $308.6M | ||
| Q3 25 | $266.6M | $443.6M | ||
| Q2 25 | $-42.9M | $176.7M | ||
| Q1 25 | $13.9M | $426.5M | ||
| Q4 24 | $157.0M | $120.6M | ||
| Q3 24 | $305.5M | $218.0M | ||
| Q2 24 | $8.8M | $111.7M |
自由现金流率POOLRBLX
| Q1 26 | — | — | ||
| Q4 25 | 7.3% | 21.8% | ||
| Q3 25 | 18.4% | 32.6% | ||
| Q2 25 | -2.4% | 16.3% | ||
| Q1 25 | 1.3% | 41.2% | ||
| Q4 24 | 15.9% | 12.2% | ||
| Q3 24 | 21.3% | 23.7% | ||
| Q2 24 | 0.5% | 12.5% |
资本支出强度POOLRBLX
| Q1 26 | — | — | ||
| Q4 25 | 0.8% | 21.1% | ||
| Q3 25 | 1.4% | 7.5% | ||
| Q2 25 | 0.8% | 2.1% | ||
| Q1 25 | 1.2% | 1.7% | ||
| Q4 24 | 1.4% | 6.5% | ||
| Q3 24 | 0.8% | 3.2% | ||
| Q2 24 | 1.0% | 4.4% |
现金转化率POOLRBLX
| Q1 26 | 0.48× | — | ||
| Q4 25 | 2.54× | — | ||
| Q3 25 | 2.26× | — | ||
| Q2 25 | -0.15× | — | ||
| Q1 25 | 0.51× | — | ||
| Q4 24 | 4.57× | — | ||
| Q3 24 | 2.52× | — | ||
| Q2 24 | 0.14× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
