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罗布乐思（RBLX）与ROKU, INC（ROKU）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ROKU, INC的1.0倍（$1.4B vs $1.4B），ROKU, INC净利率更高（5.8% vs -22.3%，领先28.1%），罗布乐思同比增速更快（43.2% vs 16.1%），罗布乐思自由现金流更多（$308.6M vs $106.6M），过去两年罗布乐思的营收复合增速更高（32.9% vs 25.8%）
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。
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。
RBLX vs ROKU — 直观对比
营收规模更大
RBLX
是对方的1.0倍
$1.4B
营收增速更快
RBLX
高出27.1%
16.1%
净利率更高
ROKU
高出28.1%
-22.3%
自由现金流更多
RBLX
多$202.0M
$106.6M
两年增速更快
RBLX
近两年复合增速
25.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $1.4B |
| 净利润 | $-316.0M | $80.5M |
| 毛利率 | 77.7% | 43.5% |
| 营业利润率 | -25.3% | 4.7% |
| 净利率 | -22.3% | 5.8% |
| 营收同比 | 43.2% | 16.1% |
| 净利润同比 | -43.9% | 326.4% |
| 每股收益（稀释后） | $-0.44 | $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RBLXROKU
| Q4 25 | $1.4B | $1.4B | ||
| Q3 25 | $1.4B | $1.2B | ||
| Q2 25 | $1.1B | $1.1B | ||
| Q1 25 | $1.0B | $1.0B | ||
| Q4 24 | $988.2M | $1.2B | ||
| Q3 24 | $919.0M | $1.1B | ||
| Q2 24 | $893.5M | $968.2M | ||
| Q1 24 | $801.3M | $881.5M |
净利润RBLXROKU
| Q4 25 | $-316.0M | $80.5M | ||
| Q3 25 | $-255.6M | $24.8M | ||
| Q2 25 | $-278.4M | $10.5M | ||
| Q1 25 | $-215.1M | $-27.4M | ||
| Q4 24 | $-219.6M | $-35.5M | ||
| Q3 24 | $-239.3M | $-9.0M | ||
| Q2 24 | $-205.9M | $-34.0M | ||
| Q1 24 | $-270.6M | $-50.9M |
毛利率RBLXROKU
| Q4 25 | 77.7% | 43.5% | ||
| Q3 25 | 78.2% | 43.4% | ||
| Q2 25 | 78.2% | 44.8% | ||
| Q1 25 | 78.3% | 43.6% | ||
| Q4 24 | 77.9% | 42.7% | ||
| Q3 24 | 77.7% | 45.2% | ||
| Q2 24 | 77.8% | 43.9% | ||
| Q1 24 | 77.7% | 44.1% |
营业利润率RBLXROKU
| Q4 25 | -25.3% | 4.7% | ||
| Q3 25 | -21.8% | 0.8% | ||
| Q2 25 | -29.8% | -2.1% | ||
| Q1 25 | -24.6% | -5.7% | ||
| Q4 24 | -24.7% | -3.3% | ||
| Q3 24 | -30.4% | -3.4% | ||
| Q2 24 | -26.6% | -7.4% | ||
| Q1 24 | -37.7% | -8.2% |
净利率RBLXROKU
| Q4 25 | -22.3% | 5.8% | ||
| Q3 25 | -18.8% | 2.0% | ||
| Q2 25 | -25.8% | 0.9% | ||
| Q1 25 | -20.8% | -2.7% | ||
| Q4 24 | -22.2% | -3.0% | ||
| Q3 24 | -26.0% | -0.9% | ||
| Q2 24 | -23.0% | -3.5% | ||
| Q1 24 | -33.8% | -5.8% |
每股收益（稀释后）RBLXROKU
| Q4 25 | $-0.44 | $0.55 | ||
| Q3 25 | $-0.37 | $0.16 | ||
| Q2 25 | $-0.41 | $0.07 | ||
| Q1 25 | $-0.32 | $-0.19 | ||
| Q4 24 | $-0.32 | $-0.24 | ||
| Q3 24 | $-0.37 | $-0.06 | ||
| Q2 24 | $-0.32 | $-0.24 | ||
| Q1 24 | $-0.43 | $-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 | $3.1B | $2.3B |
| 总债务越低越好 | $1.2B | — |
| 股东权益账面价值 | $394.5M | $2.7B |
| 总资产 | $9.6B | $4.4B |
| 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RBLXROKU
| Q4 25 | $3.1B | $2.3B | ||
| Q3 25 | $2.9B | $2.3B | ||
| Q2 25 | $2.6B | $2.3B | ||
| Q1 25 | $2.7B | $2.3B | ||
| Q4 24 | $2.4B | $2.2B | ||
| Q3 24 | $2.3B | $2.1B | ||
| Q2 24 | $2.4B | $2.1B | ||
| Q1 24 | $2.4B | $2.1B |
总债务RBLXROKU
| Q4 25 | $1.2B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.2B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益RBLXROKU
| Q4 25 | $394.5M | $2.7B | ||
| Q3 25 | $407.6M | $2.6B | ||
| Q2 25 | $353.2M | $2.6B | ||
| Q1 25 | $310.7M | $2.5B | ||
| Q4 24 | $221.4M | $2.5B | ||
| Q3 24 | $189.9M | $2.5B | ||
| Q2 24 | $121.5M | $2.4B | ||
| Q1 24 | $71.6M | $2.4B |
总资产RBLXROKU
| Q4 25 | $9.6B | $4.4B | ||
| Q3 25 | $8.6B | $4.4B | ||
| Q2 25 | $7.8B | $4.3B | ||
| Q1 25 | $7.5B | $4.2B | ||
| Q4 24 | $7.2B | $4.3B | ||
| Q3 24 | $6.7B | $4.3B | ||
| Q2 24 | $6.5B | $4.1B | ||
| Q1 24 | $6.3B | $4.2B |
负债/权益比RBLXROKU
| 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 | $107.7M |
| 自由现金流经营现金流 - 资本支出 | $308.6M | $106.6M |
| 自由现金流率自由现金流/营收 | 21.8% | 7.6% |
| 资本支出强度资本支出/营收 | 21.1% | 0.1% |
| 现金转化率经营现金流/净利润 | — | 1.34× |
| 过去12个月自由现金流最近4个季度 | $1.4B | $478.4M |
8季度趋势，按日历期对齐
经营现金流RBLXROKU
| Q4 25 | $607.0M | $107.7M | ||
| Q3 25 | $546.2M | $127.6M | ||
| Q2 25 | $199.3M | $109.7M | ||
| Q1 25 | $443.9M | $138.7M | ||
| Q4 24 | $184.5M | $79.3M | ||
| Q3 24 | $247.4M | $68.7M | ||
| Q2 24 | $151.4M | $23.4M | ||
| Q1 24 | $238.9M | $46.7M |
自由现金流RBLXROKU
| Q4 25 | $308.6M | $106.6M | ||
| Q3 25 | $443.6M | $126.5M | ||
| Q2 25 | $176.7M | $108.6M | ||
| Q1 25 | $426.5M | $136.8M | ||
| Q4 24 | $120.6M | $76.8M | ||
| Q3 24 | $218.0M | $67.6M | ||
| Q2 24 | $111.7M | $22.5M | ||
| Q1 24 | $192.3M | $46.0M |
自由现金流率RBLXROKU
| Q4 25 | 21.8% | 7.6% | ||
| Q3 25 | 32.6% | 10.4% | ||
| Q2 25 | 16.3% | 9.8% | ||
| Q1 25 | 41.2% | 13.4% | ||
| Q4 24 | 12.2% | 6.4% | ||
| Q3 24 | 23.7% | 6.4% | ||
| Q2 24 | 12.5% | 2.3% | ||
| Q1 24 | 24.0% | 5.2% |
资本支出强度RBLXROKU
| Q4 25 | 21.1% | 0.1% | ||
| Q3 25 | 7.5% | 0.1% | ||
| Q2 25 | 2.1% | 0.1% | ||
| Q1 25 | 1.7% | 0.2% | ||
| Q4 24 | 6.5% | 0.2% | ||
| Q3 24 | 3.2% | 0.1% | ||
| Q2 24 | 4.4% | 0.1% | ||
| Q1 24 | 5.8% | 0.1% |
现金转化率RBLXROKU
| Q4 25 | — | 1.34× | ||
| Q3 25 | — | 5.14× | ||
| Q2 25 | — | 10.45× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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
ROKU
| Services | $1.2B | 88% |
| Products | $170.9M | 12% |
