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罗布乐思（RBLX）与RXO, Inc.（RXO）财务数据对比。点击上方公司名可切换其他公司
RXO, Inc.的季度营收约是罗布乐思的1.0倍（$1.5B vs $1.4B），RXO, Inc.净利率更高（-3.1% vs -22.3%，领先19.2%），罗布乐思同比增速更快（43.2% vs -11.9%），罗布乐思自由现金流更多（$308.6M vs $-9.0M），过去两年罗布乐思的营收复合增速更高（32.9% vs 26.8%）
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。
RXO是总部位于美国的头部运输及物流解决方案供应商，核心业务覆盖货运经纪、大件商品最后一公里配送、运输管理服务与全链路供应链优化支持，主要服务北美制造业、零售业及电商领域的客户。
RBLX vs RXO — 直观对比
营收规模更大
RXO
是对方的1.0倍
$1.4B
营收增速更快
RBLX
高出55.1%
-11.9%
净利率更高
RXO
高出19.2%
-22.3%
自由现金流更多
RBLX
多$317.6M
$-9.0M
两年增速更快
RBLX
近两年复合增速
26.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $1.5B |
| 净利润 | $-316.0M | $-46.0M |
| 毛利率 | 77.7% | — |
| 营业利润率 | -25.3% | -2.9% |
| 净利率 | -22.3% | -3.1% |
| 营收同比 | 43.2% | -11.9% |
| 净利润同比 | -43.9% | -84.0% |
| 每股收益（稀释后） | $-0.44 | $-0.28 |
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RBLXRXO
| Q4 25 | $1.4B | $1.5B | ||
| Q3 25 | $1.4B | $1.4B | ||
| Q2 25 | $1.1B | $1.4B | ||
| Q1 25 | $1.0B | $1.4B | ||
| Q4 24 | $988.2M | $1.7B | ||
| Q3 24 | $919.0M | $1.0B | ||
| Q2 24 | $893.5M | $930.0M | ||
| Q1 24 | $801.3M | $913.0M |
净利润RBLXRXO
| Q4 25 | $-316.0M | $-46.0M | ||
| Q3 25 | $-255.6M | $-14.0M | ||
| Q2 25 | $-278.4M | $-9.0M | ||
| Q1 25 | $-215.1M | $-31.0M | ||
| Q4 24 | $-219.6M | $-25.0M | ||
| Q3 24 | $-239.3M | $-243.0M | ||
| Q2 24 | $-205.9M | $-7.0M | ||
| Q1 24 | $-270.6M | $-15.0M |
毛利率RBLXRXO
| 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% | — | ||
| Q1 24 | 77.7% | — |
营业利润率RBLXRXO
| Q4 25 | -25.3% | -2.9% | ||
| Q3 25 | -21.8% | -0.5% | ||
| Q2 25 | -29.8% | — | ||
| Q1 25 | -24.6% | -2.1% | ||
| Q4 24 | -24.7% | -1.4% | ||
| Q3 24 | -30.4% | -1.9% | ||
| Q2 24 | -26.6% | — | ||
| Q1 24 | -37.7% | -1.3% |
净利率RBLXRXO
| Q4 25 | -22.3% | -3.1% | ||
| Q3 25 | -18.8% | -1.0% | ||
| Q2 25 | -25.8% | -0.6% | ||
| Q1 25 | -20.8% | -2.2% | ||
| Q4 24 | -22.2% | -1.5% | ||
| Q3 24 | -26.0% | -23.4% | ||
| Q2 24 | -23.0% | -0.8% | ||
| Q1 24 | -33.8% | -1.6% |
每股收益（稀释后）RBLXRXO
| Q4 25 | $-0.44 | $-0.28 | ||
| Q3 25 | $-0.37 | $-0.08 | ||
| Q2 25 | $-0.41 | $-0.05 | ||
| Q1 25 | $-0.32 | $-0.18 | ||
| Q4 24 | $-0.32 | $-0.17 | ||
| Q3 24 | $-0.37 | $-1.81 | ||
| Q2 24 | $-0.32 | $-0.06 | ||
| Q1 24 | $-0.43 | $-0.13 |
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 | $17.0M |
| 总债务越低越好 | $1.2B | $387.0M |
| 股东权益账面价值 | $394.5M | $1.5B |
| 总资产 | $9.6B | $3.3B |
| 负债/权益比越低杠杆越低 | 2.98× | 0.25× |
8季度趋势，按日历期对齐
现金及短期投资RBLXRXO
| Q4 25 | $3.1B | $17.0M | ||
| Q3 25 | $2.9B | $25.0M | ||
| Q2 25 | $2.6B | $18.0M | ||
| Q1 25 | $2.7B | $16.0M | ||
| Q4 24 | $2.4B | $35.0M | ||
| Q3 24 | $2.3B | $55.0M | ||
| Q2 24 | $2.4B | $7.0M | ||
| Q1 24 | $2.4B | $7.0M |
总债务RBLXRXO
| Q4 25 | $1.2B | $387.0M | ||
| Q3 25 | — | $387.0M | ||
| Q2 25 | — | $387.0M | ||
| Q1 25 | — | $387.0M | ||
| Q4 24 | $1.2B | $351.0M | ||
| Q3 24 | — | $352.0M | ||
| Q2 24 | — | $370.0M | ||
| Q1 24 | — | $351.0M |
股东权益RBLXRXO
| Q4 25 | $394.5M | $1.5B | ||
| Q3 25 | $407.6M | $1.6B | ||
| Q2 25 | $353.2M | $1.6B | ||
| Q1 25 | $310.7M | $1.6B | ||
| Q4 24 | $221.4M | $1.6B | ||
| Q3 24 | $189.9M | $1.7B | ||
| Q2 24 | $121.5M | $579.0M | ||
| Q1 24 | $71.6M | $582.0M |
总资产RBLXRXO
| Q4 25 | $9.6B | $3.3B | ||
| Q3 25 | $8.6B | $3.2B | ||
| Q2 25 | $7.8B | $3.2B | ||
| Q1 25 | $7.5B | $3.3B | ||
| Q4 24 | $7.2B | $3.4B | ||
| Q3 24 | $6.7B | $3.4B | ||
| Q2 24 | $6.5B | $1.8B | ||
| Q1 24 | $6.3B | $1.8B |
负债/权益比RBLXRXO
| Q4 25 | 2.98× | 0.25× | ||
| Q3 25 | — | 0.24× | ||
| Q2 25 | — | 0.24× | ||
| Q1 25 | — | 0.24× | ||
| Q4 24 | 5.48× | 0.22× | ||
| Q3 24 | — | 0.21× | ||
| Q2 24 | — | 0.64× | ||
| Q1 24 | — | 0.60× |
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 | $7.0M |
| 自由现金流经营现金流 - 资本支出 | $308.6M | $-9.0M |
| 自由现金流率自由现金流/营收 | 21.8% | -0.6% |
| 资本支出强度资本支出/营收 | 21.1% | 1.1% |
| 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 | $-8.0M |
8季度趋势，按日历期对齐
经营现金流RBLXRXO
| Q4 25 | $607.0M | $7.0M | ||
| Q3 25 | $546.2M | $23.0M | ||
| Q2 25 | $199.3M | $23.0M | ||
| Q1 25 | $443.9M | $-2.0M | ||
| Q4 24 | $184.5M | $-7.0M | ||
| Q3 24 | $247.4M | $-7.0M | ||
| Q2 24 | $151.4M | $-5.0M | ||
| Q1 24 | $238.9M | $7.0M |
自由现金流RBLXRXO
| Q4 25 | $308.6M | $-9.0M | ||
| Q3 25 | $443.6M | $9.0M | ||
| Q2 25 | $176.7M | $9.0M | ||
| Q1 25 | $426.5M | $-17.0M | ||
| Q4 24 | $120.6M | $-19.0M | ||
| Q3 24 | $218.0M | $-18.0M | ||
| Q2 24 | $111.7M | $-16.0M | ||
| Q1 24 | $192.3M | $-4.0M |
自由现金流率RBLXRXO
| Q4 25 | 21.8% | -0.6% | ||
| Q3 25 | 32.6% | 0.6% | ||
| Q2 25 | 16.3% | 0.6% | ||
| Q1 25 | 41.2% | -1.2% | ||
| Q4 24 | 12.2% | -1.1% | ||
| Q3 24 | 23.7% | -1.7% | ||
| Q2 24 | 12.5% | -1.7% | ||
| Q1 24 | 24.0% | -0.4% |
资本支出强度RBLXRXO
| Q4 25 | 21.1% | 1.1% | ||
| Q3 25 | 7.5% | 1.0% | ||
| Q2 25 | 2.1% | 1.0% | ||
| Q1 25 | 1.7% | 1.0% | ||
| Q4 24 | 6.5% | 0.7% | ||
| Q3 24 | 3.2% | 1.1% | ||
| Q2 24 | 4.4% | 1.2% | ||
| Q1 24 | 5.8% | 1.2% |
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
RXO
| Retail Sector | $546.0M | 37% |
| Last Mile | $298.0M | 20% |
| Food And Beverage Sector | $225.0M | 15% |
| Other Sector | $185.0M | 13% |
| Managed Transportation | $133.0M | 9% |
| Automotive Sector | $93.0M | 6% |
