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罗布乐思（RBLX）与RENAISSANCERE HOLDINGS LTD（RNR）财务数据对比。点击上方公司名可切换其他公司
RENAISSANCERE HOLDINGS LTD的季度营收约是罗布乐思的1.6倍（$2.2B vs $1.4B），RENAISSANCERE HOLDINGS LTD净利率更高（23.5% vs -22.3%，领先45.8%），罗布乐思同比增速更快（43.2% vs -36.8%），过去两年罗布乐思的营收复合增速更高（32.9% vs -11.9%）
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。
RenaissanceRe Holdings Ltd是总部位于百慕大的保险及相关商业服务提供商，核心业务覆盖再保险、常规保险两大板块，同时运营风险相关创新投资业务，为全球客户提供专业的风险对冲与保险解决方案。
RBLX vs RNR — 直观对比
营收规模更大
RNR
是对方的1.6倍
$1.4B
营收增速更快
RBLX
高出79.9%
-36.8%
净利率更高
RNR
高出45.8%
-22.3%
两年增速更快
RBLX
近两年复合增速
-11.9%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $2.2B |
| 净利润 | $-316.0M | $515.8M |
| 毛利率 | 77.7% | — |
| 营业利润率 | -25.3% | — |
| 净利率 | -22.3% | 23.5% |
| 营收同比 | 43.2% | -36.8% |
| 净利润同比 | -43.9% | 72.6% |
| 每股收益（稀释后） | $-0.44 | $6.57 |
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RBLXRNR
| Q1 26 | — | $2.2B | ||
| Q4 25 | $1.4B | $3.0B | ||
| Q3 25 | $1.4B | $3.2B | ||
| Q2 25 | $1.1B | $3.2B | ||
| Q1 25 | $1.0B | $3.5B | ||
| Q4 24 | $988.2M | $2.3B | ||
| Q3 24 | $919.0M | $4.0B | ||
| Q2 24 | $893.5M | $2.8B |
净利润RBLXRNR
| Q1 26 | — | $515.8M | ||
| Q4 25 | $-316.0M | $760.5M | ||
| Q3 25 | $-255.6M | $916.5M | ||
| Q2 25 | $-278.4M | $835.4M | ||
| Q1 25 | $-215.1M | $170.0M | ||
| Q4 24 | $-219.6M | $-189.7M | ||
| Q3 24 | $-239.3M | $1.2B | ||
| Q2 24 | $-205.9M | $503.9M |
毛利率RBLXRNR
| Q1 26 | — | — | ||
| 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% | — |
营业利润率RBLXRNR
| Q1 26 | — | — | ||
| Q4 25 | -25.3% | 42.5% | ||
| Q3 25 | -21.8% | 46.3% | ||
| Q2 25 | -29.8% | 41.8% | ||
| Q1 25 | -24.6% | -2.0% | ||
| Q4 24 | -24.7% | -3.6% | ||
| Q3 24 | -30.4% | 43.7% | ||
| Q2 24 | -26.6% | 25.0% |
净利率RBLXRNR
| Q1 26 | — | 23.5% | ||
| Q4 25 | -22.3% | 25.6% | ||
| Q3 25 | -18.8% | 28.7% | ||
| Q2 25 | -25.8% | 26.1% | ||
| Q1 25 | -20.8% | 4.9% | ||
| Q4 24 | -22.2% | -8.3% | ||
| Q3 24 | -26.0% | 29.8% | ||
| Q2 24 | -23.0% | 17.8% |
每股收益（稀释后）RBLXRNR
| Q1 26 | — | $6.57 | ||
| Q4 25 | $-0.44 | $16.16 | ||
| Q3 25 | $-0.37 | $19.40 | ||
| Q2 25 | $-0.41 | $17.20 | ||
| Q1 25 | $-0.32 | $3.27 | ||
| Q4 24 | $-0.32 | $-3.76 | ||
| Q3 24 | $-0.37 | $22.62 | ||
| Q2 24 | $-0.32 | $9.41 |
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 | $1.6B |
| 总债务越低越好 | $1.2B | — |
| 股东权益账面价值 | $394.5M | $4.3B |
| 总资产 | $9.6B | $53.7B |
| 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RBLXRNR
| Q1 26 | — | $1.6B | ||
| Q4 25 | $3.1B | $1.7B | ||
| Q3 25 | $2.9B | $1.7B | ||
| Q2 25 | $2.6B | $1.4B | ||
| Q1 25 | $2.7B | $1.6B | ||
| Q4 24 | $2.4B | $1.7B | ||
| Q3 24 | $2.3B | $1.6B | ||
| Q2 24 | $2.4B | $1.6B |
总债务RBLXRNR
| Q1 26 | — | — | ||
| Q4 25 | $1.2B | $2.3B | ||
| Q3 25 | — | $2.2B | ||
| Q2 25 | — | $2.3B | ||
| Q1 25 | — | $2.8B | ||
| Q4 24 | $1.2B | $1.9B | ||
| Q3 24 | — | $1.9B | ||
| Q2 24 | — | $2.0B |
股东权益RBLXRNR
| Q1 26 | — | $4.3B | ||
| Q4 25 | $394.5M | $11.6B | ||
| Q3 25 | $407.6M | $11.5B | ||
| Q2 25 | $353.2M | $10.8B | ||
| Q1 25 | $310.7M | $10.3B | ||
| Q4 24 | $221.4M | $10.6B | ||
| Q3 24 | $189.9M | $11.2B | ||
| Q2 24 | $121.5M | $10.2B |
总资产RBLXRNR
| Q1 26 | — | $53.7B | ||
| Q4 25 | $9.6B | $53.8B | ||
| Q3 25 | $8.6B | $54.5B | ||
| Q2 25 | $7.8B | $54.7B | ||
| Q1 25 | $7.5B | $53.6B | ||
| Q4 24 | $7.2B | $50.7B | ||
| Q3 24 | $6.7B | $52.8B | ||
| Q2 24 | $6.5B | $51.6B |
负债/权益比RBLXRNR
| Q1 26 | — | — | ||
| Q4 25 | 2.98× | 0.20× | ||
| Q3 25 | — | 0.19× | ||
| Q2 25 | — | 0.21× | ||
| Q1 25 | — | 0.27× | ||
| Q4 24 | 5.48× | 0.18× | ||
| Q3 24 | — | 0.17× | ||
| Q2 24 | — | 0.19× |
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 | — |
| 自由现金流经营现金流 - 资本支出 | $308.6M | — |
| 自由现金流率自由现金流/营收 | 21.8% | — |
| 资本支出强度资本支出/营收 | 21.1% | — |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $1.4B | — |
8季度趋势，按日历期对齐
经营现金流RBLXRNR
| Q1 26 | — | — | ||
| Q4 25 | $607.0M | $483.0M | ||
| Q3 25 | $546.2M | $1.6B | ||
| Q2 25 | $199.3M | $1.5B | ||
| Q1 25 | $443.9M | $157.8M | ||
| Q4 24 | $184.5M | $778.9M | ||
| Q3 24 | $247.4M | $1.5B | ||
| Q2 24 | $151.4M | $1.2B |
自由现金流RBLXRNR
| Q1 26 | — | — | ||
| Q4 25 | $308.6M | — | ||
| Q3 25 | $443.6M | — | ||
| Q2 25 | $176.7M | — | ||
| Q1 25 | $426.5M | — | ||
| Q4 24 | $120.6M | — | ||
| Q3 24 | $218.0M | — | ||
| Q2 24 | $111.7M | — |
自由现金流率RBLXRNR
| Q1 26 | — | — | ||
| Q4 25 | 21.8% | — | ||
| Q3 25 | 32.6% | — | ||
| Q2 25 | 16.3% | — | ||
| Q1 25 | 41.2% | — | ||
| Q4 24 | 12.2% | — | ||
| Q3 24 | 23.7% | — | ||
| Q2 24 | 12.5% | — |
资本支出强度RBLXRNR
| Q1 26 | — | — | ||
| Q4 25 | 21.1% | — | ||
| Q3 25 | 7.5% | — | ||
| Q2 25 | 2.1% | — | ||
| Q1 25 | 1.7% | — | ||
| Q4 24 | 6.5% | — | ||
| Q3 24 | 3.2% | — | ||
| Q2 24 | 4.4% | — |
现金转化率RBLXRNR
| Q1 26 | — | — | ||
| Q4 25 | — | 0.64× | ||
| Q3 25 | — | 1.73× | ||
| Q2 25 | — | 1.76× | ||
| Q1 25 | — | 0.93× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.26× | ||
| Q2 24 | — | 2.41× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
