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PTC Inc.（PTC）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PTC Inc.的2.1倍（$1.4B vs $685.8M）。PTC Inc.净利率更高（24.3% vs -22.3%，领先46.6%）。罗布乐思同比增速更快（43.2% vs 21.4%）。罗布乐思自由现金流更多（$308.6M vs $267.4M）。过去两年罗布乐思的营收复合增速更高（32.9% vs 6.6%）
PTC是1985年成立的美国计算机软件与服务企业，总部位于马萨诸塞州波士顿。公司1988年率先推出参数化关联特征驱动的三维CAD建模软件，1998年发布基于互联网的产品生命周期管理（PLM）产品，目前面向合作伙伴与开发者提供物联网、增强现实（AR）平台及相关产品服务。
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。
PTC vs RBLX — 直观对比
营收规模更大
RBLX
是对方的2.1倍
$685.8M
营收增速更快
RBLX
高出21.8%
21.4%
净利率更高
PTC
高出46.6%
-22.3%
自由现金流更多
RBLX
多$41.2M
$267.4M
两年增速更快
RBLX
近两年复合增速
6.6%
损益表 — Q1 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $685.8M | $1.4B |
| 净利润 | $166.5M | $-316.0M |
| 毛利率 | 82.8% | 77.7% |
| 营业利润率 | 32.2% | -25.3% |
| 净利率 | 24.3% | -22.3% |
| 营收同比 | 21.4% | 43.2% |
| 净利润同比 | 102.5% | -43.9% |
| 每股收益（稀释后） | $1.39 | $-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PTCRBLX
| Q4 25 | $685.8M | $1.4B | ||
| Q3 25 | $893.8M | $1.4B | ||
| Q2 25 | $643.9M | $1.1B | ||
| Q1 25 | $636.4M | $1.0B | ||
| Q4 24 | $565.1M | $988.2M | ||
| Q3 24 | $626.5M | $919.0M | ||
| Q2 24 | $518.6M | $893.5M | ||
| Q1 24 | $603.1M | $801.3M |
净利润PTCRBLX
| Q4 25 | $166.5M | $-316.0M | ||
| Q3 25 | $347.8M | $-255.6M | ||
| Q2 25 | $141.3M | $-278.4M | ||
| Q1 25 | $162.6M | $-215.1M | ||
| Q4 24 | $82.2M | $-219.6M | ||
| Q3 24 | $126.5M | $-239.3M | ||
| Q2 24 | $69.0M | $-205.9M | ||
| Q1 24 | $114.4M | $-270.6M |
毛利率PTCRBLX
| Q4 25 | 82.8% | 77.7% | ||
| Q3 25 | 86.9% | 78.2% | ||
| Q2 25 | 82.9% | 78.2% | ||
| Q1 25 | 83.3% | 78.3% | ||
| Q4 24 | 80.2% | 77.9% | ||
| Q3 24 | 82.0% | 77.7% | ||
| Q2 24 | 78.4% | 77.8% | ||
| Q1 24 | 81.8% | 77.7% |
营业利润率PTCRBLX
| Q4 25 | 32.2% | -25.3% | ||
| Q3 25 | 48.5% | -21.8% | ||
| Q2 25 | 32.6% | -29.8% | ||
| Q1 25 | 35.1% | -24.6% | ||
| Q4 24 | 20.4% | -24.7% | ||
| Q3 24 | 31.0% | -30.4% | ||
| Q2 24 | 18.5% | -26.6% | ||
| Q1 24 | 29.8% | -37.7% |
净利率PTCRBLX
| Q4 25 | 24.3% | -22.3% | ||
| Q3 25 | 38.9% | -18.8% | ||
| Q2 25 | 21.9% | -25.8% | ||
| Q1 25 | 25.6% | -20.8% | ||
| Q4 24 | 14.6% | -22.2% | ||
| Q3 24 | 20.2% | -26.0% | ||
| Q2 24 | 13.3% | -23.0% | ||
| Q1 24 | 19.0% | -33.8% |
每股收益（稀释后）PTCRBLX
| Q4 25 | $1.39 | $-0.44 | ||
| Q3 25 | $2.88 | $-0.37 | ||
| Q2 25 | $1.17 | $-0.41 | ||
| Q1 25 | $1.35 | $-0.32 | ||
| Q4 24 | $0.68 | $-0.32 | ||
| Q3 24 | $1.05 | $-0.37 | ||
| Q2 24 | $0.57 | $-0.32 | ||
| Q1 24 | $0.95 | $-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 | $209.7M | $3.1B |
| 总债务越低越好 | $1.2B | $1.2B |
| 股东权益账面价值 | $3.8B | $394.5M |
| 总资产 | $6.4B | $9.6B |
| 负债/权益比越低杠杆越低 | 0.31× | 2.98× |
8季度趋势，按日历期对齐
现金及短期投资PTCRBLX
| Q4 25 | $209.7M | $3.1B | ||
| Q3 25 | $184.4M | $2.9B | ||
| Q2 25 | $199.3M | $2.6B | ||
| Q1 25 | $235.2M | $2.7B | ||
| Q4 24 | $196.3M | $2.4B | ||
| Q3 24 | $265.8M | $2.3B | ||
| Q2 24 | $247.7M | $2.4B | ||
| Q1 24 | $249.0M | $2.4B |
总债务PTCRBLX
| Q4 25 | $1.2B | $1.2B | ||
| Q3 25 | $1.2B | — | ||
| Q2 25 | $1.2B | — | ||
| Q1 25 | $1.4B | — | ||
| Q4 24 | $1.0B | $1.2B | ||
| Q3 24 | $1.2B | — | ||
| Q2 24 | $1.3B | — | ||
| Q1 24 | $1.5B | — |
股东权益PTCRBLX
| Q4 25 | $3.8B | $394.5M | ||
| Q3 25 | $3.8B | $407.6M | ||
| Q2 25 | $3.5B | $353.2M | ||
| Q1 25 | $3.4B | $310.7M | ||
| Q4 24 | $3.2B | $221.4M | ||
| Q3 24 | $3.2B | $189.9M | ||
| Q2 24 | $3.0B | $121.5M | ||
| Q1 24 | $2.9B | $71.6M |
总资产PTCRBLX
| Q4 25 | $6.4B | $9.6B | ||
| Q3 25 | $6.6B | $8.6B | ||
| Q2 25 | $6.2B | $7.8B | ||
| Q1 25 | $6.2B | $7.5B | ||
| Q4 24 | $6.1B | $7.2B | ||
| Q3 24 | $6.4B | $6.7B | ||
| Q2 24 | $6.1B | $6.5B | ||
| Q1 24 | $6.2B | $6.3B |
负债/权益比PTCRBLX
| Q4 25 | 0.31× | 2.98× | ||
| Q3 25 | 0.31× | — | ||
| Q2 25 | 0.34× | — | ||
| Q1 25 | 0.40× | — | ||
| Q4 24 | 0.32× | 5.48× | ||
| Q3 24 | 0.38× | — | ||
| Q2 24 | 0.43× | — | ||
| Q1 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 | $269.7M | $607.0M |
| 自由现金流经营现金流 - 资本支出 | $267.4M | $308.6M |
| 自由现金流率自由现金流/营收 | 39.0% | 21.8% |
| 资本支出强度资本支出/营收 | 0.3% | 21.1% |
| 现金转化率经营现金流/净利润 | 1.62× | — |
| 过去12个月自由现金流最近4个季度 | $888.4M | $1.4B |
8季度趋势，按日历期对齐
经营现金流PTCRBLX
| Q4 25 | $269.7M | $607.0M | ||
| Q3 25 | $104.0M | $546.2M | ||
| Q2 25 | $243.9M | $199.3M | ||
| Q1 25 | $281.3M | $443.9M | ||
| Q4 24 | $238.4M | $184.5M | ||
| Q3 24 | $98.1M | $247.4M | ||
| Q2 24 | $213.8M | $151.4M | ||
| Q1 24 | $250.7M | $238.9M |
自由现金流PTCRBLX
| Q4 25 | $267.4M | $308.6M | ||
| Q3 25 | $100.5M | $443.6M | ||
| Q2 25 | $242.0M | $176.7M | ||
| Q1 25 | $278.5M | $426.5M | ||
| Q4 24 | $235.7M | $120.6M | ||
| Q3 24 | $93.6M | $218.0M | ||
| Q2 24 | $212.2M | $111.7M | ||
| Q1 24 | $247.1M | $192.3M |
自由现金流率PTCRBLX
| Q4 25 | 39.0% | 21.8% | ||
| Q3 25 | 11.2% | 32.6% | ||
| Q2 25 | 37.6% | 16.3% | ||
| Q1 25 | 43.8% | 41.2% | ||
| Q4 24 | 41.7% | 12.2% | ||
| Q3 24 | 14.9% | 23.7% | ||
| Q2 24 | 40.9% | 12.5% | ||
| Q1 24 | 41.0% | 24.0% |
资本支出强度PTCRBLX
| Q4 25 | 0.3% | 21.1% | ||
| Q3 25 | 0.4% | 7.5% | ||
| Q2 25 | 0.3% | 2.1% | ||
| Q1 25 | 0.4% | 1.7% | ||
| Q4 24 | 0.5% | 6.5% | ||
| Q3 24 | 0.7% | 3.2% | ||
| Q2 24 | 0.3% | 4.4% | ||
| Q1 24 | 0.6% | 5.8% |
现金转化率PTCRBLX
| Q4 25 | 1.62× | — | ||
| Q3 25 | 0.30× | — | ||
| Q2 25 | 1.73× | — | ||
| Q1 25 | 1.73× | — | ||
| Q4 24 | 2.90× | — | ||
| Q3 24 | 0.78× | — | ||
| Q2 24 | 3.10× | — | ||
| Q1 24 | 2.19× | — |
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
PTC
| Support And Cloud Services | $393.3M | 57% |
| License | $269.7M | 39% |
| Technology Service | $22.9M | 3% |
| Perpetual License | $5.6M | 1% |
RBLX
暂无分部数据
