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利氏兄弟拍卖行（RBA）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 5.8%，领先3.3%），ROKU, INC同比增速更快（16.1% vs 5.4%），利氏兄弟拍卖行自由现金流更多（$186.5M vs $106.6M），过去两年ROKU, INC的营收复合增速更高（25.8% 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。
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。
RBA vs ROKU — 直观对比
营收规模更大
ROKU
是对方的1.2倍
$1.2B
营收增速更快
ROKU
高出10.7%
5.4%
净利率更高
RBA
高出3.3%
5.8%
自由现金流更多
RBA
多$79.9M
$106.6M
两年增速更快
ROKU
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 | $80.5M |
| 毛利率 | — | 43.5% |
| 营业利润率 | 14.7% | 4.7% |
| 净利率 | 9.1% | 5.8% |
| 营收同比 | 5.4% | 16.1% |
| 净利润同比 | -7.4% | 326.4% |
| 每股收益（稀释后） | $0.53 | $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RBAROKU
| Q4 25 | $1.2B | $1.4B | ||
| Q3 25 | $1.1B | $1.2B | ||
| Q2 25 | $1.2B | $1.1B | ||
| Q1 25 | $1.1B | $1.0B | ||
| Q4 24 | $1.1B | $1.2B | ||
| Q3 24 | $981.8M | $1.1B | ||
| Q2 24 | $1.1B | $968.2M | ||
| Q1 24 | $1.1B | $881.5M |
净利润RBAROKU
| Q4 25 | $109.7M | $80.5M | ||
| Q3 25 | $95.5M | $24.8M | ||
| Q2 25 | $109.8M | $10.5M | ||
| Q1 25 | $113.4M | $-27.4M | ||
| Q4 24 | $118.5M | $-35.5M | ||
| Q3 24 | $76.1M | $-9.0M | ||
| Q2 24 | $111.1M | $-34.0M | ||
| Q1 24 | $107.4M | $-50.9M |
毛利率RBAROKU
| Q4 25 | — | 43.5% | ||
| Q3 25 | — | 43.4% | ||
| Q2 25 | — | 44.8% | ||
| Q1 25 | — | 43.6% | ||
| Q4 24 | — | 42.7% | ||
| Q3 24 | — | 45.2% | ||
| Q2 24 | — | 43.9% | ||
| Q1 24 | — | 44.1% |
营业利润率RBAROKU
| Q4 25 | 14.7% | 4.7% | ||
| Q3 25 | 14.5% | 0.8% | ||
| Q2 25 | 15.9% | -2.1% | ||
| Q1 25 | 17.1% | -5.7% | ||
| Q4 24 | 18.1% | -3.3% | ||
| Q3 24 | 15.6% | -3.4% | ||
| Q2 24 | 18.4% | -7.4% | ||
| Q1 24 | 18.7% | -8.2% |
净利率RBAROKU
| Q4 25 | 9.1% | 5.8% | ||
| Q3 25 | 8.7% | 2.0% | ||
| Q2 25 | 9.3% | 0.9% | ||
| Q1 25 | 10.2% | -2.7% | ||
| Q4 24 | 10.4% | -3.0% | ||
| Q3 24 | 7.8% | -0.9% | ||
| Q2 24 | 10.1% | -3.5% | ||
| Q1 24 | 10.1% | -5.8% |
每股收益（稀释后）RBAROKU
| Q4 25 | $0.53 | $0.55 | ||
| Q3 25 | $0.43 | $0.16 | ||
| Q2 25 | $0.53 | $0.07 | ||
| Q1 25 | $0.55 | $-0.19 | ||
| Q4 24 | $0.58 | $-0.24 | ||
| Q3 24 | $0.36 | $-0.06 | ||
| Q2 24 | $0.54 | $-0.24 | ||
| Q1 24 | $0.53 | $-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 | $531.5M | $2.3B |
| 总债务越低越好 | $2.3B | — |
| 股东权益账面价值 | $5.6B | $2.7B |
| 总资产 | $12.1B | $4.4B |
| 负债/权益比越低杠杆越低 | 0.42× | — |
8季度趋势，按日历期对齐
现金及短期投资RBAROKU
| Q4 25 | $531.5M | $2.3B | ||
| Q3 25 | $674.7M | $2.3B | ||
| Q2 25 | $710.2M | $2.3B | ||
| Q1 25 | $578.1M | $2.3B | ||
| Q4 24 | $533.9M | $2.2B | ||
| Q3 24 | $650.7M | $2.1B | ||
| Q2 24 | $599.5M | $2.1B | ||
| Q1 24 | $462.8M | $2.1B |
总债务RBAROKU
| Q4 25 | $2.3B | — | ||
| Q3 25 | $2.6B | — | ||
| Q2 25 | $2.6B | — | ||
| Q1 25 | $2.6B | — | ||
| Q4 24 | $2.6B | — | ||
| Q3 24 | $2.7B | — | ||
| Q2 24 | $2.8B | — | ||
| Q1 24 | $2.9B | — |
股东权益RBAROKU
| Q4 25 | $5.6B | $2.7B | ||
| Q3 25 | $5.5B | $2.6B | ||
| Q2 25 | $5.5B | $2.6B | ||
| Q1 25 | $5.3B | $2.5B | ||
| Q4 24 | $5.2B | $2.5B | ||
| Q3 24 | $5.2B | $2.5B | ||
| Q2 24 | $5.2B | $2.4B | ||
| Q1 24 | $5.1B | $2.4B |
总资产RBAROKU
| Q4 25 | $12.1B | $4.4B | ||
| Q3 25 | $12.2B | $4.4B | ||
| Q2 25 | $12.2B | $4.3B | ||
| Q1 25 | $11.9B | $4.2B | ||
| Q4 24 | $11.8B | $4.3B | ||
| Q3 24 | $11.9B | $4.3B | ||
| Q2 24 | $12.1B | $4.1B | ||
| Q1 24 | $12.0B | $4.2B |
负债/权益比RBAROKU
| Q4 25 | 0.42× | — | ||
| Q3 25 | 0.47× | — | ||
| Q2 25 | 0.47× | — | ||
| Q1 25 | 0.50× | — | ||
| Q4 24 | 0.50× | — | ||
| 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 | $107.7M |
| 自由现金流经营现金流 - 资本支出 | $186.5M | $106.6M |
| 自由现金流率自由现金流/营收 | 15.5% | 7.6% |
| 资本支出强度资本支出/营收 | 5.7% | 0.1% |
| 现金转化率经营现金流/净利润 | 2.33× | 1.34× |
| 过去12个月自由现金流最近4个季度 | $719.2M | $478.4M |
8季度趋势，按日历期对齐
经营现金流RBAROKU
| Q4 25 | $255.2M | $107.7M | ||
| Q3 25 | $239.7M | $127.6M | ||
| Q2 25 | $326.5M | $109.7M | ||
| Q1 25 | $156.8M | $138.7M | ||
| Q4 24 | $184.5M | $79.3M | ||
| Q3 24 | $285.4M | $68.7M | ||
| Q2 24 | $337.3M | $23.4M | ||
| Q1 24 | $124.8M | $46.7M |
自由现金流RBAROKU
| Q4 25 | $186.5M | $106.6M | ||
| Q3 25 | $188.5M | $126.5M | ||
| Q2 25 | $241.7M | $108.6M | ||
| Q1 25 | $102.5M | $136.8M | ||
| Q4 24 | $127.9M | $76.8M | ||
| Q3 24 | $248.5M | $67.6M | ||
| Q2 24 | $308.6M | $22.5M | ||
| Q1 24 | $79.6M | $46.0M |
自由现金流率RBAROKU
| Q4 25 | 15.5% | 7.6% | ||
| Q3 25 | 17.3% | 10.4% | ||
| Q2 25 | 20.4% | 9.8% | ||
| Q1 25 | 9.2% | 13.4% | ||
| Q4 24 | 11.2% | 6.4% | ||
| Q3 24 | 25.3% | 6.4% | ||
| Q2 24 | 28.2% | 2.3% | ||
| Q1 24 | 7.5% | 5.2% |
资本支出强度RBAROKU
| Q4 25 | 5.7% | 0.1% | ||
| Q3 25 | 4.7% | 0.1% | ||
| Q2 25 | 7.2% | 0.1% | ||
| Q1 25 | 4.9% | 0.2% | ||
| Q4 24 | 5.0% | 0.2% | ||
| Q3 24 | 3.8% | 0.1% | ||
| Q2 24 | 2.6% | 0.1% | ||
| Q1 24 | 4.2% | 0.1% |
现金转化率RBAROKU
| Q4 25 | 2.33× | 1.34× | ||
| Q3 25 | 2.51× | 5.14× | ||
| Q2 25 | 2.97× | 10.45× | ||
| 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% |
ROKU
| Services | $1.2B | 88% |
| Products | $170.9M | 12% |
