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罗布乐思（RBLX）与Rocket Companies, Inc.（RKT）财务数据对比。点击上方公司名可切换其他公司
Rocket Companies, Inc.的季度营收约是罗布乐思的1.9倍（$2.7B vs $1.4B），Rocket Companies, Inc.净利率更高（2.5% vs -22.3%，领先24.9%），Rocket Companies, Inc.同比增速更快（52.2% vs 43.2%），罗布乐思自由现金流更多（$308.6M vs $-1.3B），过去两年Rocket Companies, Inc.的营收复合增速更高（39.5% vs 32.9%）
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。
Rocket Companies, Inc.是美国金融科技及住房服务企业，由丹·吉尔伯特创立，总部位于密歇根州底特律市中心。公司依托旗舰子公司Rocket Mortgage跻身美国最大抵押贷款提供商行列，旗下还拥有Redfin、Forsalebyowner.com、Rocket Money等子品牌。
RBLX vs RKT — 直观对比
营收规模更大
RKT
是对方的1.9倍
$1.4B
营收增速更快
RKT
高出9.0%
43.2%
净利率更高
RKT
高出24.9%
-22.3%
自由现金流更多
RBLX
多$1.6B
$-1.3B
两年增速更快
RKT
近两年复合增速
32.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $2.7B |
| 净利润 | $-316.0M | $68.0M |
| 毛利率 | 77.7% | — |
| 营业利润率 | -25.3% | 6.3% |
| 净利率 | -22.3% | 2.5% |
| 营收同比 | 43.2% | 52.2% |
| 净利润同比 | -43.9% | 100.8% |
| 每股收益（稀释后） | $-0.44 | $0.10 |
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RBLXRKT
| Q4 25 | $1.4B | $2.7B | ||
| Q3 25 | $1.4B | $1.6B | ||
| Q2 25 | $1.1B | $1.4B | ||
| Q1 25 | $1.0B | $1.0B | ||
| Q4 24 | $988.2M | $1.8B | ||
| Q3 24 | $919.0M | $646.9M | ||
| Q2 24 | $893.5M | $1.3B | ||
| Q1 24 | $801.3M | $1.4B |
净利润RBLXRKT
| Q4 25 | $-316.0M | $68.0M | ||
| Q3 25 | $-255.6M | $-123.9M | ||
| Q2 25 | $-278.4M | $-1.8M | ||
| Q1 25 | $-215.1M | $-10.4M | ||
| Q4 24 | $-219.6M | $33.9M | ||
| Q3 24 | $-239.3M | $-22.0M | ||
| Q2 24 | $-205.9M | $1.3M | ||
| Q1 24 | $-270.6M | $16.2M |
毛利率RBLXRKT
| Q4 25 | 77.7% | — | ||
| Q3 25 | 78.2% | — | ||
| Q2 25 | 78.2% | — | ||
| Q1 25 | 78.3% | — | ||
| Q4 24 | 77.9% | 58.9% | ||
| Q3 24 | 77.7% | -8.4% | ||
| Q2 24 | 77.8% | 47.4% | ||
| Q1 24 | 77.7% | 51.2% |
营业利润率RBLXRKT
| Q4 25 | -25.3% | 6.3% | ||
| Q3 25 | -21.8% | -11.5% | ||
| Q2 25 | -29.8% | 1.8% | ||
| Q1 25 | -24.6% | -21.5% | ||
| Q4 24 | -24.7% | 38.1% | ||
| Q3 24 | -30.4% | -76.9% | ||
| Q2 24 | -26.6% | 14.8% | ||
| Q1 24 | -37.7% | 21.6% |
净利率RBLXRKT
| Q4 25 | -22.3% | 2.5% | ||
| Q3 25 | -18.8% | -7.7% | ||
| Q2 25 | -25.8% | -0.1% | ||
| Q1 25 | -20.8% | -1.0% | ||
| Q4 24 | -22.2% | 1.9% | ||
| Q3 24 | -26.0% | -3.4% | ||
| Q2 24 | -23.0% | 0.1% | ||
| Q1 24 | -33.8% | 1.2% |
每股收益（稀释后）RBLXRKT
| Q4 25 | $-0.44 | $0.10 | ||
| Q3 25 | $-0.37 | $-0.06 | ||
| Q2 25 | $-0.41 | $-0.01 | ||
| Q1 25 | $-0.32 | $-0.08 | ||
| Q4 24 | $-0.32 | $0.28 | ||
| Q3 24 | $-0.37 | $-0.19 | ||
| Q2 24 | $-0.32 | $0.01 | ||
| Q1 24 | $-0.43 | $0.11 |
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 | $3.1B | $2.7B |
| 总债务越低越好 | $1.2B | — |
| 股东权益账面价值 | $394.5M | $22.9B |
| 总资产 | $9.6B | $60.7B |
| 负债/权益比越低杠杆越低 | 2.98× | — |
8季度趋势，按日历期对齐
现金及短期投资RBLXRKT
| Q4 25 | $3.1B | $2.7B | ||
| Q3 25 | $2.9B | $5.8B | ||
| Q2 25 | $2.6B | $5.1B | ||
| Q1 25 | $2.7B | $1.4B | ||
| Q4 24 | $2.4B | $1.3B | ||
| Q3 24 | $2.3B | $1.2B | ||
| Q2 24 | $2.4B | $1.3B | ||
| Q1 24 | $2.4B | $861.4M |
总债务RBLXRKT
| Q4 25 | $1.2B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.2B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益RBLXRKT
| Q4 25 | $394.5M | $22.9B | ||
| Q3 25 | $407.6M | $8.9B | ||
| Q2 25 | $353.2M | $7.4B | ||
| Q1 25 | $310.7M | $8.6B | ||
| Q4 24 | $221.4M | $9.0B | ||
| Q3 24 | $189.9M | $8.4B | ||
| Q2 24 | $121.5M | $8.8B | ||
| Q1 24 | $71.6M | $8.6B |
总资产RBLXRKT
| Q4 25 | $9.6B | $60.7B | ||
| Q3 25 | $8.6B | $33.6B | ||
| Q2 25 | $7.8B | $30.4B | ||
| Q1 25 | $7.5B | $25.3B | ||
| Q4 24 | $7.2B | $24.5B | ||
| Q3 24 | $6.7B | $25.1B | ||
| Q2 24 | $6.5B | $23.6B | ||
| Q1 24 | $6.3B | $22.2B |
负债/权益比RBLXRKT
| Q4 25 | 2.98× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 5.48× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $607.0M | $-1.2B |
| 自由现金流经营现金流 - 资本支出 | $308.6M | $-1.3B |
| 自由现金流率自由现金流/营收 | 21.8% | -47.2% |
| 资本支出强度资本支出/营收 | 21.1% | 1.5% |
| 现金转化率经营现金流/净利润 | — | -18.08× |
| 过去12个月自由现金流最近4个季度 | $1.4B | $-4.0B |
8季度趋势，按日历期对齐
经营现金流RBLXRKT
| Q4 25 | $607.0M | $-1.2B | ||
| Q3 25 | $546.2M | $-50.3M | ||
| Q2 25 | $199.3M | $-1.9B | ||
| Q1 25 | $443.9M | $-797.0M | ||
| Q4 24 | $184.5M | $1.8B | ||
| Q3 24 | $247.4M | $-1.3B | ||
| Q2 24 | $151.4M | $-122.3M | ||
| Q1 24 | $238.9M | $-3.0B |
自由现金流RBLXRKT
| Q4 25 | $308.6M | $-1.3B | ||
| Q3 25 | $443.6M | $-71.8M | ||
| Q2 25 | $176.7M | $-1.9B | ||
| Q1 25 | $426.5M | $-811.0M | ||
| Q4 24 | $120.6M | $1.8B | ||
| Q3 24 | $218.0M | $-1.4B | ||
| Q2 24 | $111.7M | $-138.3M | ||
| Q1 24 | $192.3M | $-3.0B |
自由现金流率RBLXRKT
| Q4 25 | 21.8% | -47.2% | ||
| Q3 25 | 32.6% | -4.5% | ||
| Q2 25 | 16.3% | -137.2% | ||
| Q1 25 | 41.2% | -78.2% | ||
| Q4 24 | 12.2% | 103.1% | ||
| Q3 24 | 23.7% | -209.6% | ||
| Q2 24 | 12.5% | -10.6% | ||
| Q1 24 | 24.0% | -218.7% |
资本支出强度RBLXRKT
| Q4 25 | 21.1% | 1.5% | ||
| Q3 25 | 7.5% | 1.3% | ||
| Q2 25 | 2.1% | 1.1% | ||
| Q1 25 | 1.7% | 1.4% | ||
| Q4 24 | 6.5% | 1.1% | ||
| Q3 24 | 3.2% | 2.9% | ||
| Q2 24 | 4.4% | 1.2% | ||
| Q1 24 | 5.8% | 1.0% |
现金转化率RBLXRKT
| Q4 25 | — | -18.08× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 54.42× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | -94.46× | ||
| Q1 24 | — | -185.80× |
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
RBLX
暂无分部数据
RKT
| Other | $1.4B | 51% |
| Direct To Customer Segment | $945.8M | 35% |
| Partner Network Segment | $216.7M | 8% |
| Subscription Revenue | $91.3M | 3% |
| Closing Fees | $47.1M | 2% |
| Appraisal Revenue | $10.7M | 0% |
