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罗布乐思（RBLX）与RUSH ENTERPRISES INC \TX\（RUSHA）财务数据对比。点击上方公司名可切换其他公司
RUSH ENTERPRISES INC \TX\的季度营收约是罗布乐思的1.2倍（$1.7B vs $1.4B），RUSH ENTERPRISES INC \TX\净利率更高（3.7% vs -22.3%，领先26.0%），罗布乐思同比增速更快（43.2% vs -9.0%），RUSH ENTERPRISES INC \TX\自由现金流更多（$411.6M vs $308.6M），过去两年罗布乐思的营收复合增速更高（32.9% vs -6.8%）
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。
Rush Enterprises是总部位于美国得克萨斯州新布朗费尔斯的商用车经销商，核心业务是通过旗下Rush Truck Centers销售全新及二手卡车。2019年该公司在全美20个州运营超200家卡车中心，在加拿大设有14个网点，2020年入选财富500强榜单。
RBLX vs RUSHA — 直观对比
营收规模更大
RUSHA
是对方的1.2倍
$1.4B
营收增速更快
RBLX
高出52.2%
-9.0%
净利率更高
RUSHA
高出26.0%
-22.3%
自由现金流更多
RUSHA
多$103.0M
$308.6M
两年增速更快
RBLX
近两年复合增速
-6.8%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $1.7B |
| 净利润 | $-316.0M | $61.7M |
| 毛利率 | 77.7% | 20.4% |
| 营业利润率 | -25.3% | 4.9% |
| 净利率 | -22.3% | 3.7% |
| 营收同比 | 43.2% | -9.0% |
| 净利润同比 | -43.9% | 1.8% |
| 每股收益（稀释后） | $-0.44 | $0.77 |
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RBLXRUSHA
| Q1 26 | — | $1.7B | ||
| Q4 25 | $1.4B | $1.7B | ||
| Q3 25 | $1.4B | $1.8B | ||
| Q2 25 | $1.1B | $1.8B | ||
| Q1 25 | $1.0B | $1.8B | ||
| Q4 24 | $988.2M | $1.9B | ||
| Q3 24 | $919.0M | $1.8B | ||
| Q2 24 | $893.5M | $1.9B |
净利润RBLXRUSHA
| Q1 26 | — | $61.7M | ||
| Q4 25 | $-316.0M | $64.3M | ||
| Q3 25 | $-255.6M | $66.7M | ||
| Q2 25 | $-278.4M | $72.4M | ||
| Q1 25 | $-215.1M | $60.3M | ||
| Q4 24 | $-219.6M | $74.8M | ||
| Q3 24 | $-239.3M | $79.1M | ||
| Q2 24 | $-205.9M | $78.7M |
毛利率RBLXRUSHA
| Q1 26 | — | 20.4% | ||
| Q4 25 | 77.7% | 20.8% | ||
| Q3 25 | 78.2% | 21.0% | ||
| Q2 25 | 78.2% | 20.7% | ||
| Q1 25 | 78.3% | 20.3% | ||
| Q4 24 | 77.9% | 19.3% | ||
| Q3 24 | 77.7% | 21.0% | ||
| Q2 24 | 77.8% | 20.2% |
营业利润率RBLXRUSHA
| Q1 26 | — | 4.9% | ||
| Q4 25 | -25.3% | 5.5% | ||
| Q3 25 | -21.8% | 5.6% | ||
| Q2 25 | -29.8% | 6.0% | ||
| Q1 25 | -24.6% | 5.2% | ||
| Q4 24 | -24.7% | 5.8% | ||
| Q3 24 | -30.4% | 6.7% | ||
| Q2 24 | -26.6% | 6.4% |
净利率RBLXRUSHA
| Q1 26 | — | 3.7% | ||
| Q4 25 | -22.3% | 3.8% | ||
| Q3 25 | -18.8% | 3.7% | ||
| Q2 25 | -25.8% | 3.9% | ||
| Q1 25 | -20.8% | 3.4% | ||
| Q4 24 | -22.2% | 3.9% | ||
| Q3 24 | -26.0% | 4.4% | ||
| Q2 24 | -23.0% | 4.1% |
每股收益（稀释后）RBLXRUSHA
| Q1 26 | — | $0.77 | ||
| Q4 25 | $-0.44 | $0.81 | ||
| Q3 25 | $-0.37 | $0.83 | ||
| Q2 25 | $-0.41 | $0.90 | ||
| Q1 25 | $-0.32 | $0.73 | ||
| Q4 24 | $-0.32 | $-95.13 | ||
| Q3 24 | $-0.37 | $0.97 | ||
| Q2 24 | $-0.32 | $97.00 |
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 | — |
| 总债务越低越好 | $1.2B | $277.8M |
| 股东权益账面价值 | $394.5M | $2.3B |
| 总资产 | $9.6B | $4.5B |
| 负债/权益比越低杠杆越低 | 2.98× | 0.12× |
8季度趋势，按日历期对齐
现金及短期投资RBLXRUSHA
| Q1 26 | — | — | ||
| Q4 25 | $3.1B | $212.6M | ||
| Q3 25 | $2.9B | $242.0M | ||
| Q2 25 | $2.6B | $211.1M | ||
| Q1 25 | $2.7B | $228.7M | ||
| Q4 24 | $2.4B | $228.1M | ||
| Q3 24 | $2.3B | $185.1M | ||
| Q2 24 | $2.4B | $167.3M |
总债务RBLXRUSHA
| Q1 26 | — | $277.8M | ||
| Q4 25 | $1.2B | $274.8M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.2B | $408.4M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益RBLXRUSHA
| Q1 26 | — | $2.3B | ||
| Q4 25 | $394.5M | $2.2B | ||
| Q3 25 | $407.6M | $2.2B | ||
| Q2 25 | $353.2M | $2.2B | ||
| Q1 25 | $310.7M | $2.2B | ||
| Q4 24 | $221.4M | $2.1B | ||
| Q3 24 | $189.9M | $2.1B | ||
| Q2 24 | $121.5M | $2.0B |
总资产RBLXRUSHA
| Q1 26 | — | $4.5B | ||
| Q4 25 | $9.6B | $4.4B | ||
| Q3 25 | $8.6B | $4.6B | ||
| Q2 25 | $7.8B | $4.7B | ||
| Q1 25 | $7.5B | $4.7B | ||
| Q4 24 | $7.2B | $4.6B | ||
| Q3 24 | $6.7B | $4.6B | ||
| Q2 24 | $6.5B | $4.5B |
负债/权益比RBLXRUSHA
| Q1 26 | — | 0.12× | ||
| Q4 25 | 2.98× | 0.12× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 5.48× | 0.19× | ||
| Q3 24 | — | — | ||
| Q2 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 | — |
| 自由现金流经营现金流 - 资本支出 | $308.6M | $411.6M |
| 自由现金流率自由现金流/营收 | 21.8% | 24.4% |
| 资本支出强度资本支出/营收 | 21.1% | 2.0% |
| 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 | $828.4M |
8季度趋势，按日历期对齐
经营现金流RBLXRUSHA
| Q1 26 | — | — | ||
| Q4 25 | $607.0M | $112.9M | ||
| Q3 25 | $546.2M | $367.8M | ||
| Q2 25 | $199.3M | $227.6M | ||
| Q1 25 | $443.9M | $153.5M | ||
| Q4 24 | $184.5M | $392.3M | ||
| Q3 24 | $247.4M | $111.7M | ||
| Q2 24 | $151.4M | $270.6M |
自由现金流RBLXRUSHA
| Q1 26 | — | $411.6M | ||
| Q4 25 | $308.6M | $31.9M | ||
| Q3 25 | $443.6M | $271.2M | ||
| Q2 25 | $176.7M | $113.8M | ||
| Q1 25 | $426.5M | $45.1M | ||
| Q4 24 | $120.6M | $263.5M | ||
| Q3 24 | $218.0M | $-20.0M | ||
| Q2 24 | $111.7M | $177.2M |
自由现金流率RBLXRUSHA
| Q1 26 | — | 24.4% | ||
| Q4 25 | 21.8% | 1.9% | ||
| Q3 25 | 32.6% | 15.2% | ||
| Q2 25 | 16.3% | 6.2% | ||
| Q1 25 | 41.2% | 2.6% | ||
| Q4 24 | 12.2% | 13.7% | ||
| Q3 24 | 23.7% | -1.1% | ||
| Q2 24 | 12.5% | 9.1% |
资本支出强度RBLXRUSHA
| Q1 26 | — | 2.0% | ||
| Q4 25 | 21.1% | 4.8% | ||
| Q3 25 | 7.5% | 5.4% | ||
| Q2 25 | 2.1% | 6.2% | ||
| Q1 25 | 1.7% | 6.2% | ||
| Q4 24 | 6.5% | 6.7% | ||
| Q3 24 | 3.2% | 7.3% | ||
| Q2 24 | 4.4% | 4.8% |
现金转化率RBLXRUSHA
| Q1 26 | — | — | ||
| Q4 25 | — | 1.75× | ||
| Q3 25 | — | 5.51× | ||
| Q2 25 | — | 3.14× | ||
| Q1 25 | — | 2.55× | ||
| Q4 24 | — | 5.25× | ||
| Q3 24 | — | 1.41× | ||
| Q2 24 | — | 3.44× |
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
RUSHA
| New and used commercial vehicle sales | $955.1M | 57% |
| Aftermarket products and services sales | $627.2M | 37% |
| Lease and rental sales | $92.3M | 5% |
| Finance and insurance | $5.6M | 0% |
