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帕森斯公司（PSN）与ROKU, INC（ROKU）财务数据对比。点击上方公司名可切换其他公司
帕森斯公司的季度营收约是ROKU, INC的1.1倍（$1.6B vs $1.4B），ROKU, INC净利率更高（5.8% vs 3.5%，领先2.3%），ROKU, INC同比增速更快（16.1% vs -7.5%），帕森斯公司自由现金流更多（$135.6M vs $106.6M），过去两年ROKU, INC的营收复合增速更高（25.8% vs 2.2%）
帕森斯公司是一家总部位于美国弗吉尼亚州尚蒂利的跨国企业，1944年成立，核心业务覆盖国防、情报、基础设施工程领域，深耕技术研发，在全球30多个国家为政府及私营部门客户提供专业解决方案。
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。
PSN vs ROKU — 直观对比
营收规模更大
PSN
是对方的1.1倍
$1.4B
营收增速更快
ROKU
高出23.7%
-7.5%
净利率更高
ROKU
高出2.3%
3.5%
自由现金流更多
PSN
多$29.0M
$106.6M
两年增速更快
ROKU
近两年复合增速
2.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.6B | $1.4B |
| 净利润 | $55.6M | $80.5M |
| 毛利率 | 23.0% | 43.5% |
| 营业利润率 | 6.6% | 4.7% |
| 净利率 | 3.5% | 5.8% |
| 营收同比 | -7.5% | 16.1% |
| 净利润同比 | -72.4% | 326.4% |
| 每股收益（稀释后） | $0.51 | $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PSNROKU
| Q4 25 | $1.6B | $1.4B | ||
| Q3 25 | $1.6B | $1.2B | ||
| Q2 25 | $1.6B | $1.1B | ||
| Q1 25 | $1.6B | $1.0B | ||
| Q4 24 | $1.7B | $1.2B | ||
| Q3 24 | $1.8B | $1.1B | ||
| Q2 24 | $1.7B | $968.2M | ||
| Q1 24 | $1.5B | $881.5M |
净利润PSNROKU
| Q4 25 | $55.6M | $80.5M | ||
| Q3 25 | $64.1M | $24.8M | ||
| Q2 25 | $55.2M | $10.5M | ||
| Q1 25 | $66.2M | $-27.4M | ||
| Q4 24 | $201.3M | $-35.5M | ||
| Q3 24 | $72.0M | $-9.0M | ||
| Q2 24 | $69.2M | $-34.0M | ||
| Q1 24 | $-107.4M | $-50.9M |
毛利率PSNROKU
| Q4 25 | 23.0% | 43.5% | ||
| Q3 25 | 22.2% | 43.4% | ||
| Q2 25 | 22.0% | 44.8% | ||
| Q1 25 | 22.8% | 43.6% | ||
| Q4 24 | 21.3% | 42.7% | ||
| Q3 24 | 19.9% | 45.2% | ||
| Q2 24 | 21.0% | 43.9% | ||
| Q1 24 | 21.2% | 44.1% |
营业利润率PSNROKU
| Q4 25 | 6.6% | 4.7% | ||
| Q3 25 | 6.7% | 0.8% | ||
| Q2 25 | 6.0% | -2.1% | ||
| Q1 25 | 7.0% | -5.7% | ||
| Q4 24 | 5.8% | -3.3% | ||
| Q3 24 | 6.4% | -3.4% | ||
| Q2 24 | 6.7% | -7.4% | ||
| Q1 24 | 6.6% | -8.2% |
净利率PSNROKU
| Q4 25 | 3.5% | 5.8% | ||
| Q3 25 | 4.0% | 2.0% | ||
| Q2 25 | 3.5% | 0.9% | ||
| Q1 25 | 4.3% | -2.7% | ||
| Q4 24 | 11.6% | -3.0% | ||
| Q3 24 | 4.0% | -0.9% | ||
| Q2 24 | 4.1% | -3.5% | ||
| Q1 24 | -7.0% | -5.8% |
每股收益（稀释后）PSNROKU
| Q4 25 | $0.51 | $0.55 | ||
| Q3 25 | $0.59 | $0.16 | ||
| Q2 25 | $0.50 | $0.07 | ||
| Q1 25 | $0.60 | $-0.19 | ||
| Q4 24 | $1.85 | $-0.24 | ||
| Q3 24 | $0.65 | $-0.06 | ||
| Q2 24 | $0.63 | $-0.24 | ||
| Q1 24 | $-1.01 | $-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 | $466.4M | $2.3B |
| 总债务越低越好 | $1.2B | — |
| 股东权益账面价值 | $2.6B | $2.7B |
| 总资产 | $5.8B | $4.4B |
| 负债/权益比越低杠杆越低 | 0.47× | — |
8季度趋势，按日历期对齐
现金及短期投资PSNROKU
| Q4 25 | $466.4M | $2.3B | ||
| Q3 25 | $422.6M | $2.3B | ||
| Q2 25 | $411.3M | $2.3B | ||
| Q1 25 | $269.7M | $2.3B | ||
| Q4 24 | $453.5M | $2.2B | ||
| Q3 24 | $558.8M | $2.1B | ||
| Q2 24 | $528.5M | $2.1B | ||
| Q1 24 | $423.1M | $2.1B |
总债务PSNROKU
| Q4 25 | $1.2B | — | ||
| Q3 25 | $1.2B | — | ||
| Q2 25 | $1.2B | — | ||
| Q1 25 | $785.2M | — | ||
| Q4 24 | $784.1M | — | ||
| Q3 24 | $1.1B | — | ||
| Q2 24 | $1.2B | — | ||
| Q1 24 | $1.2B | — |
股东权益PSNROKU
| Q4 25 | $2.6B | $2.7B | ||
| Q3 25 | $2.6B | $2.6B | ||
| Q2 25 | $2.5B | $2.6B | ||
| Q1 25 | $2.5B | $2.5B | ||
| Q4 24 | $2.4B | $2.5B | ||
| Q3 24 | $2.3B | $2.5B | ||
| Q2 24 | $2.2B | $2.4B | ||
| Q1 24 | $2.1B | $2.4B |
总资产PSNROKU
| Q4 25 | $5.8B | $4.4B | ||
| Q3 25 | $5.7B | $4.4B | ||
| Q2 25 | $5.7B | $4.3B | ||
| Q1 25 | $5.4B | $4.2B | ||
| Q4 24 | $5.5B | $4.3B | ||
| Q3 24 | $5.4B | $4.3B | ||
| Q2 24 | $5.2B | $4.1B | ||
| Q1 24 | $5.1B | $4.2B |
负债/权益比PSNROKU
| Q4 25 | 0.47× | — | ||
| Q3 25 | 0.48× | — | ||
| Q2 25 | 0.49× | — | ||
| Q1 25 | 0.32× | — | ||
| Q4 24 | 0.32× | — | ||
| Q3 24 | 0.49× | — | ||
| Q2 24 | 0.56× | — | ||
| Q1 24 | 0.58× | — |
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 | $167.5M | $107.7M |
| 自由现金流经营现金流 - 资本支出 | $135.6M | $106.6M |
| 自由现金流率自由现金流/营收 | 8.5% | 7.6% |
| 资本支出强度资本支出/营收 | 2.0% | 0.1% |
| 现金转化率经营现金流/净利润 | 3.01× | 1.34× |
| 过去12个月自由现金流最近4个季度 | $410.4M | $478.4M |
8季度趋势，按日历期对齐
经营现金流PSNROKU
| Q4 25 | $167.5M | $107.7M | ||
| Q3 25 | $162.8M | $127.6M | ||
| Q2 25 | $159.8M | $109.7M | ||
| Q1 25 | $-11.8M | $138.7M | ||
| Q4 24 | $126.8M | $79.3M | ||
| Q3 24 | $299.0M | $68.7M | ||
| Q2 24 | $161.2M | $23.4M | ||
| Q1 24 | $-63.4M | $46.7M |
自由现金流PSNROKU
| Q4 25 | $135.6M | $106.6M | ||
| Q3 25 | $149.7M | $126.5M | ||
| Q2 25 | $150.4M | $108.6M | ||
| Q1 25 | $-25.3M | $136.8M | ||
| Q4 24 | $108.0M | $76.8M | ||
| Q3 24 | $287.3M | $67.6M | ||
| Q2 24 | $152.0M | $22.5M | ||
| Q1 24 | $-72.9M | $46.0M |
自由现金流率PSNROKU
| Q4 25 | 8.5% | 7.6% | ||
| Q3 25 | 9.2% | 10.4% | ||
| Q2 25 | 9.5% | 9.8% | ||
| Q1 25 | -1.6% | 13.4% | ||
| Q4 24 | 6.2% | 6.4% | ||
| Q3 24 | 15.9% | 6.4% | ||
| Q2 24 | 9.1% | 2.3% | ||
| Q1 24 | -4.7% | 5.2% |
资本支出强度PSNROKU
| Q4 25 | 2.0% | 0.1% | ||
| Q3 25 | 0.8% | 0.1% | ||
| Q2 25 | 0.6% | 0.1% | ||
| Q1 25 | 0.9% | 0.2% | ||
| Q4 24 | 1.1% | 0.2% | ||
| Q3 24 | 0.6% | 0.1% | ||
| Q2 24 | 0.6% | 0.1% | ||
| Q1 24 | 0.6% | 0.1% |
现金转化率PSNROKU
| Q4 25 | 3.01× | 1.34× | ||
| Q3 25 | 2.54× | 5.14× | ||
| Q2 25 | 2.89× | 10.45× | ||
| Q1 25 | -0.18× | — | ||
| Q4 24 | 0.63× | — | ||
| Q3 24 | 4.16× | — | ||
| Q2 24 | 2.33× | — | ||
| 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
PSN
| Unconsolidated Joint Ventures | $582.1M | 36% |
| Defense And Intelligence | $502.8M | 31% |
| Engineered Systems | $281.4M | 18% |
| Consolidated Joint Ventures | $216.7M | 14% |
| TRS Group Inc | $9.4M | 1% |
ROKU
| Services | $1.2B | 88% |
| Products | $170.9M | 12% |
