vs
PTC Inc.（PTC）与ROKU, INC（ROKU）财务数据对比。点击上方公司名可切换其他公司
ROKU, INC的季度营收约是PTC Inc.的1.8倍（$1.2B vs $685.8M），PTC Inc.净利率更高（24.3% vs -2.2%，领先26.5%），PTC Inc.同比增速更快（21.4% vs -18.3%），ROKU, INC自由现金流更多（$298.4M vs $267.4M），过去两年ROKU, INC的营收复合增速更高（13.6% 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。
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。
PTC vs ROKU — 直观对比
营收规模更大
ROKU
是对方的1.8倍
$685.8M
营收增速更快
PTC
高出39.6%
-18.3%
净利率更高
PTC
高出26.5%
-2.2%
自由现金流更多
ROKU
多$31.0M
$267.4M
两年增速更快
ROKU
近两年复合增速
6.6%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $685.8M | $1.2B |
| 净利润 | $166.5M | $-27.4M |
| 毛利率 | 82.8% | 35.6% |
| 营业利润率 | 32.2% | 59.7% |
| 净利率 | 24.3% | -2.2% |
| 营收同比 | 21.4% | -18.3% |
| 净利润同比 | 102.5% | -361.0% |
| 每股收益（稀释后） | $1.39 | $0.57 |
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PTCROKU
| Q1 26 | — | $1.2B | ||
| Q4 25 | $685.8M | $1.4B | ||
| Q3 25 | $893.8M | $1.2B | ||
| Q2 25 | $643.9M | $1.1B | ||
| Q1 25 | $636.4M | $1.0B | ||
| Q4 24 | $565.1M | $1.2B | ||
| Q3 24 | $626.5M | $1.1B | ||
| Q2 24 | $518.6M | $968.2M |
净利润PTCROKU
| Q1 26 | — | $-27.4M | ||
| Q4 25 | $166.5M | $80.5M | ||
| Q3 25 | $347.8M | $24.8M | ||
| Q2 25 | $141.3M | $10.5M | ||
| Q1 25 | $162.6M | $-27.4M | ||
| Q4 24 | $82.2M | $-35.5M | ||
| Q3 24 | $126.5M | $-9.0M | ||
| Q2 24 | $69.0M | $-34.0M |
毛利率PTCROKU
| Q1 26 | — | 35.6% | ||
| Q4 25 | 82.8% | 43.5% | ||
| Q3 25 | 86.9% | 43.4% | ||
| Q2 25 | 82.9% | 44.8% | ||
| Q1 25 | 83.3% | 43.6% | ||
| Q4 24 | 80.2% | 42.7% | ||
| Q3 24 | 82.0% | 45.2% | ||
| Q2 24 | 78.4% | 43.9% |
营业利润率PTCROKU
| Q1 26 | — | 59.7% | ||
| Q4 25 | 32.2% | 4.7% | ||
| Q3 25 | 48.5% | 0.8% | ||
| Q2 25 | 32.6% | -2.1% | ||
| Q1 25 | 35.1% | -5.7% | ||
| Q4 24 | 20.4% | -3.3% | ||
| Q3 24 | 31.0% | -3.4% | ||
| Q2 24 | 18.5% | -7.4% |
净利率PTCROKU
| Q1 26 | — | -2.2% | ||
| Q4 25 | 24.3% | 5.8% | ||
| Q3 25 | 38.9% | 2.0% | ||
| Q2 25 | 21.9% | 0.9% | ||
| Q1 25 | 25.6% | -2.7% | ||
| Q4 24 | 14.6% | -3.0% | ||
| Q3 24 | 20.2% | -0.9% | ||
| Q2 24 | 13.3% | -3.5% |
每股收益（稀释后）PTCROKU
| Q1 26 | — | $0.57 | ||
| Q4 25 | $1.39 | $0.55 | ||
| Q3 25 | $2.88 | $0.16 | ||
| Q2 25 | $1.17 | $0.07 | ||
| Q1 25 | $1.35 | $-0.19 | ||
| Q4 24 | $0.68 | $-0.24 | ||
| Q3 24 | $1.05 | $-0.06 | ||
| Q2 24 | $0.57 | $-0.24 |
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 | $2.4B |
| 总债务越低越好 | $1.2B | — |
| 股东权益账面价值 | $3.8B | $2.7B |
| 总资产 | $6.4B | $4.4B |
| 负债/权益比越低杠杆越低 | 0.31× | — |
8季度趋势，按日历期对齐
现金及短期投资PTCROKU
| Q1 26 | — | $2.4B | ||
| Q4 25 | $209.7M | $2.3B | ||
| Q3 25 | $184.4M | $2.3B | ||
| Q2 25 | $199.3M | $2.3B | ||
| Q1 25 | $235.2M | $2.3B | ||
| Q4 24 | $196.3M | $2.2B | ||
| Q3 24 | $265.8M | $2.1B | ||
| Q2 24 | $247.7M | $2.1B |
总债务PTCROKU
| Q1 26 | — | — | ||
| Q4 25 | $1.2B | — | ||
| Q3 25 | $1.2B | — | ||
| Q2 25 | $1.2B | — | ||
| Q1 25 | $1.4B | — | ||
| Q4 24 | $1.0B | — | ||
| Q3 24 | $1.2B | — | ||
| Q2 24 | $1.3B | — |
股东权益PTCROKU
| Q1 26 | — | $2.7B | ||
| Q4 25 | $3.8B | $2.7B | ||
| Q3 25 | $3.8B | $2.6B | ||
| Q2 25 | $3.5B | $2.6B | ||
| Q1 25 | $3.4B | $2.5B | ||
| Q4 24 | $3.2B | $2.5B | ||
| Q3 24 | $3.2B | $2.5B | ||
| Q2 24 | $3.0B | $2.4B |
总资产PTCROKU
| Q1 26 | — | $4.4B | ||
| Q4 25 | $6.4B | $4.4B | ||
| Q3 25 | $6.6B | $4.4B | ||
| Q2 25 | $6.2B | $4.3B | ||
| Q1 25 | $6.2B | $4.2B | ||
| Q4 24 | $6.1B | $4.3B | ||
| Q3 24 | $6.4B | $4.3B | ||
| Q2 24 | $6.1B | $4.1B |
负债/权益比PTCROKU
| Q1 26 | — | — | ||
| Q4 25 | 0.31× | — | ||
| Q3 25 | 0.31× | — | ||
| Q2 25 | 0.34× | — | ||
| Q1 25 | 0.40× | — | ||
| Q4 24 | 0.32× | — | ||
| Q3 24 | 0.38× | — | ||
| Q2 24 | 0.43× | — |
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 | $199.1M |
| 自由现金流经营现金流 - 资本支出 | $267.4M | $298.4M |
| 自由现金流率自由现金流/营收 | 39.0% | 23.9% |
| 资本支出强度资本支出/营收 | 0.3% | — |
| 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 | $640.0M |
8季度趋势，按日历期对齐
经营现金流PTCROKU
| Q1 26 | — | $199.1M | ||
| Q4 25 | $269.7M | $107.7M | ||
| Q3 25 | $104.0M | $127.6M | ||
| Q2 25 | $243.9M | $109.7M | ||
| Q1 25 | $281.3M | $138.7M | ||
| Q4 24 | $238.4M | $79.3M | ||
| Q3 24 | $98.1M | $68.7M | ||
| Q2 24 | $213.8M | $23.4M |
自由现金流PTCROKU
| Q1 26 | — | $298.4M | ||
| Q4 25 | $267.4M | $106.6M | ||
| Q3 25 | $100.5M | $126.5M | ||
| Q2 25 | $242.0M | $108.6M | ||
| Q1 25 | $278.5M | $136.8M | ||
| Q4 24 | $235.7M | $76.8M | ||
| Q3 24 | $93.6M | $67.6M | ||
| Q2 24 | $212.2M | $22.5M |
自由现金流率PTCROKU
| Q1 26 | — | 23.9% | ||
| Q4 25 | 39.0% | 7.6% | ||
| Q3 25 | 11.2% | 10.4% | ||
| Q2 25 | 37.6% | 9.8% | ||
| Q1 25 | 43.8% | 13.4% | ||
| Q4 24 | 41.7% | 6.4% | ||
| Q3 24 | 14.9% | 6.4% | ||
| Q2 24 | 40.9% | 2.3% |
资本支出强度PTCROKU
| Q1 26 | — | — | ||
| Q4 25 | 0.3% | 0.1% | ||
| Q3 25 | 0.4% | 0.1% | ||
| Q2 25 | 0.3% | 0.1% | ||
| Q1 25 | 0.4% | 0.2% | ||
| Q4 24 | 0.5% | 0.2% | ||
| Q3 24 | 0.7% | 0.1% | ||
| Q2 24 | 0.3% | 0.1% |
现金转化率PTCROKU
| Q1 26 | — | — | ||
| Q4 25 | 1.62× | 1.34× | ||
| Q3 25 | 0.30× | 5.14× | ||
| Q2 25 | 1.73× | 10.45× | ||
| Q1 25 | 1.73× | — | ||
| Q4 24 | 2.90× | — | ||
| Q3 24 | 0.78× | — | ||
| Q2 24 | 3.10× | — |
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% |
ROKU
| Advertising | $612.7M | 49% |
| Subscriptions | $518.5M | 42% |
| Devices | $117.6M | 9% |
