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利氏兄弟拍卖行（RBA）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利氏兄弟拍卖行的1.2倍（$1.4B vs $1.2B），利氏兄弟拍卖行净利率更高（9.1% vs -22.3%，领先31.4%），罗布乐思同比增速更快（43.2% vs 5.4%），罗布乐思自由现金流更多（$308.6M vs $186.5M），过去两年罗布乐思的营收复合增速更高（32.9% vs 6.3%）
利氏兄弟拍卖行（股票代码RBA）是全球知名的工业资产拍卖服务商，注册地位于加拿大，属公开上市企业，总部设在美国伊利诺伊州韦斯特切斯特，普通股同时在多伦多证券交易所与纽约证券交易所挂牌交易。
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。
RBA vs RBLX — 直观对比
营收规模更大
RBLX
是对方的1.2倍
$1.2B
营收增速更快
RBLX
高出37.8%
5.4%
净利率更高
RBA
高出31.4%
-22.3%
自由现金流更多
RBLX
多$122.1M
$186.5M
两年增速更快
RBLX
近两年复合增速
6.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $1.4B |
| 净利润 | $109.7M | $-316.0M |
| 毛利率 | — | 77.7% |
| 营业利润率 | 14.7% | -25.3% |
| 净利率 | 9.1% | -22.3% |
| 营收同比 | 5.4% | 43.2% |
| 净利润同比 | -7.4% | -43.9% |
| 每股收益（稀释后） | $0.53 | $-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RBARBLX
| Q4 25 | $1.2B | $1.4B | ||
| Q3 25 | $1.1B | $1.4B | ||
| Q2 25 | $1.2B | $1.1B | ||
| Q1 25 | $1.1B | $1.0B | ||
| Q4 24 | $1.1B | $988.2M | ||
| Q3 24 | $981.8M | $919.0M | ||
| Q2 24 | $1.1B | $893.5M | ||
| Q1 24 | $1.1B | $801.3M |
净利润RBARBLX
| Q4 25 | $109.7M | $-316.0M | ||
| Q3 25 | $95.5M | $-255.6M | ||
| Q2 25 | $109.8M | $-278.4M | ||
| Q1 25 | $113.4M | $-215.1M | ||
| Q4 24 | $118.5M | $-219.6M | ||
| Q3 24 | $76.1M | $-239.3M | ||
| Q2 24 | $111.1M | $-205.9M | ||
| Q1 24 | $107.4M | $-270.6M |
毛利率RBARBLX
| 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RBARBLX
| Q4 25 | 14.7% | -25.3% | ||
| Q3 25 | 14.5% | -21.8% | ||
| Q2 25 | 15.9% | -29.8% | ||
| Q1 25 | 17.1% | -24.6% | ||
| Q4 24 | 18.1% | -24.7% | ||
| Q3 24 | 15.6% | -30.4% | ||
| Q2 24 | 18.4% | -26.6% | ||
| Q1 24 | 18.7% | -37.7% |
净利率RBARBLX
| Q4 25 | 9.1% | -22.3% | ||
| Q3 25 | 8.7% | -18.8% | ||
| Q2 25 | 9.3% | -25.8% | ||
| Q1 25 | 10.2% | -20.8% | ||
| Q4 24 | 10.4% | -22.2% | ||
| Q3 24 | 7.8% | -26.0% | ||
| Q2 24 | 10.1% | -23.0% | ||
| Q1 24 | 10.1% | -33.8% |
每股收益（稀释后）RBARBLX
| Q4 25 | $0.53 | $-0.44 | ||
| Q3 25 | $0.43 | $-0.37 | ||
| Q2 25 | $0.53 | $-0.41 | ||
| Q1 25 | $0.55 | $-0.32 | ||
| Q4 24 | $0.58 | $-0.32 | ||
| Q3 24 | $0.36 | $-0.37 | ||
| Q2 24 | $0.54 | $-0.32 | ||
| Q1 24 | $0.53 | $-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 | $531.5M | $3.1B |
| 总债务越低越好 | $2.3B | $1.2B |
| 股东权益账面价值 | $5.6B | $394.5M |
| 总资产 | $12.1B | $9.6B |
| 负债/权益比越低杠杆越低 | 0.42× | 2.98× |
8季度趋势，按日历期对齐
现金及短期投资RBARBLX
| Q4 25 | $531.5M | $3.1B | ||
| Q3 25 | $674.7M | $2.9B | ||
| Q2 25 | $710.2M | $2.6B | ||
| Q1 25 | $578.1M | $2.7B | ||
| Q4 24 | $533.9M | $2.4B | ||
| Q3 24 | $650.7M | $2.3B | ||
| Q2 24 | $599.5M | $2.4B | ||
| Q1 24 | $462.8M | $2.4B |
总债务RBARBLX
| Q4 25 | $2.3B | $1.2B | ||
| Q3 25 | $2.6B | — | ||
| Q2 25 | $2.6B | — | ||
| Q1 25 | $2.6B | — | ||
| Q4 24 | $2.6B | $1.2B | ||
| Q3 24 | $2.7B | — | ||
| Q2 24 | $2.8B | — | ||
| Q1 24 | $2.9B | — |
股东权益RBARBLX
| Q4 25 | $5.6B | $394.5M | ||
| Q3 25 | $5.5B | $407.6M | ||
| Q2 25 | $5.5B | $353.2M | ||
| Q1 25 | $5.3B | $310.7M | ||
| Q4 24 | $5.2B | $221.4M | ||
| Q3 24 | $5.2B | $189.9M | ||
| Q2 24 | $5.2B | $121.5M | ||
| Q1 24 | $5.1B | $71.6M |
总资产RBARBLX
| Q4 25 | $12.1B | $9.6B | ||
| Q3 25 | $12.2B | $8.6B | ||
| Q2 25 | $12.2B | $7.8B | ||
| Q1 25 | $11.9B | $7.5B | ||
| Q4 24 | $11.8B | $7.2B | ||
| Q3 24 | $11.9B | $6.7B | ||
| Q2 24 | $12.1B | $6.5B | ||
| Q1 24 | $12.0B | $6.3B |
负债/权益比RBARBLX
| Q4 25 | 0.42× | 2.98× | ||
| Q3 25 | 0.47× | — | ||
| Q2 25 | 0.47× | — | ||
| Q1 25 | 0.50× | — | ||
| Q4 24 | 0.50× | 5.48× | ||
| Q3 24 | 0.52× | — | ||
| Q2 24 | 0.55× | — | ||
| 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 | $255.2M | $607.0M |
| 自由现金流经营现金流 - 资本支出 | $186.5M | $308.6M |
| 自由现金流率自由现金流/营收 | 15.5% | 21.8% |
| 资本支出强度资本支出/营收 | 5.7% | 21.1% |
| 现金转化率经营现金流/净利润 | 2.33× | — |
| 过去12个月自由现金流最近4个季度 | $719.2M | $1.4B |
8季度趋势，按日历期对齐
经营现金流RBARBLX
| Q4 25 | $255.2M | $607.0M | ||
| Q3 25 | $239.7M | $546.2M | ||
| Q2 25 | $326.5M | $199.3M | ||
| Q1 25 | $156.8M | $443.9M | ||
| Q4 24 | $184.5M | $184.5M | ||
| Q3 24 | $285.4M | $247.4M | ||
| Q2 24 | $337.3M | $151.4M | ||
| Q1 24 | $124.8M | $238.9M |
自由现金流RBARBLX
| Q4 25 | $186.5M | $308.6M | ||
| Q3 25 | $188.5M | $443.6M | ||
| Q2 25 | $241.7M | $176.7M | ||
| Q1 25 | $102.5M | $426.5M | ||
| Q4 24 | $127.9M | $120.6M | ||
| Q3 24 | $248.5M | $218.0M | ||
| Q2 24 | $308.6M | $111.7M | ||
| Q1 24 | $79.6M | $192.3M |
自由现金流率RBARBLX
| Q4 25 | 15.5% | 21.8% | ||
| Q3 25 | 17.3% | 32.6% | ||
| Q2 25 | 20.4% | 16.3% | ||
| Q1 25 | 9.2% | 41.2% | ||
| Q4 24 | 11.2% | 12.2% | ||
| Q3 24 | 25.3% | 23.7% | ||
| Q2 24 | 28.2% | 12.5% | ||
| Q1 24 | 7.5% | 24.0% |
资本支出强度RBARBLX
| Q4 25 | 5.7% | 21.1% | ||
| Q3 25 | 4.7% | 7.5% | ||
| Q2 25 | 7.2% | 2.1% | ||
| Q1 25 | 4.9% | 1.7% | ||
| Q4 24 | 5.0% | 6.5% | ||
| Q3 24 | 3.8% | 3.2% | ||
| Q2 24 | 2.6% | 4.4% | ||
| Q1 24 | 4.2% | 5.8% |
现金转化率RBARBLX
| Q4 25 | 2.33× | — | ||
| Q3 25 | 2.51× | — | ||
| Q2 25 | 2.97× | — | ||
| Q1 25 | 1.38× | — | ||
| Q4 24 | 1.56× | — | ||
| Q3 24 | 3.75× | — | ||
| Q2 24 | 3.04× | — | ||
| Q1 24 | 1.16× | — |
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
RBA
| Buyer Revenue | $577.2M | 48% |
| Seller Revenue | $255.2M | 21% |
| CA | $199.0M | 17% |
| Other | $124.7M | 10% |
| AU | $47.3M | 4% |
RBLX
暂无分部数据
