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罗布乐思（RBLX）与SKYWEST INC（SKYW）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SKYWEST INC的1.4倍（$1.4B vs $1.0B），SKYWEST INC净利率更高（10.0% vs -22.3%，领先32.4%），罗布乐思同比增速更快（43.2% vs 6.8%），过去两年罗布乐思的营收复合增速更高（32.9% vs 8.1%）
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。
天西航空（SkyWest Inc.）是总部位于美国犹他州圣乔治的控股企业，旗下主营北美支线航空公司天西航空，同时运营飞机租赁业务，是北美区域航空运营领域的重要参与者。
RBLX vs SKYW — 直观对比
营收规模更大
RBLX
是对方的1.4倍
$1.0B
营收增速更快
RBLX
高出36.4%
6.8%
净利率更高
SKYW
高出32.4%
-22.3%
两年增速更快
RBLX
近两年复合增速
8.1%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $1.0B |
| 净利润 | $-316.0M | $101.7M |
| 毛利率 | 77.7% | — |
| 营业利润率 | -25.3% | 12.2% |
| 净利率 | -22.3% | 10.0% |
| 营收同比 | 43.2% | 6.8% |
| 净利润同比 | -43.9% | 1.1% |
| 每股收益（稀释后） | $-0.44 | $2.50 |
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RBLXSKYW
| Q1 26 | — | $1.0B | ||
| Q4 25 | $1.4B | $1.0B | ||
| Q3 25 | $1.4B | $1.1B | ||
| Q2 25 | $1.1B | $1.0B | ||
| Q1 25 | $1.0B | $948.5M | ||
| Q4 24 | $988.2M | $944.4M | ||
| Q3 24 | $919.0M | $912.8M | ||
| Q2 24 | $893.5M | $867.1M |
净利润RBLXSKYW
| Q1 26 | — | $101.7M | ||
| Q4 25 | $-316.0M | $91.2M | ||
| Q3 25 | $-255.6M | $116.4M | ||
| Q2 25 | $-278.4M | $120.3M | ||
| Q1 25 | $-215.1M | $100.6M | ||
| Q4 24 | $-219.6M | $97.4M | ||
| Q3 24 | $-239.3M | $89.7M | ||
| Q2 24 | $-205.9M | $75.6M |
毛利率RBLXSKYW
| 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RBLXSKYW
| Q1 26 | — | 12.2% | ||
| Q4 25 | -25.3% | 13.1% | ||
| Q3 25 | -21.8% | 16.6% | ||
| Q2 25 | -29.8% | 16.4% | ||
| Q1 25 | -24.6% | 14.7% | ||
| Q4 24 | -24.7% | 15.3% | ||
| Q3 24 | -30.4% | 14.4% | ||
| Q2 24 | -26.6% | 13.8% |
净利率RBLXSKYW
| Q1 26 | — | 10.0% | ||
| Q4 25 | -22.3% | 8.9% | ||
| Q3 25 | -18.8% | 11.1% | ||
| Q2 25 | -25.8% | 11.6% | ||
| Q1 25 | -20.8% | 10.6% | ||
| Q4 24 | -22.2% | 10.3% | ||
| Q3 24 | -26.0% | 9.8% | ||
| Q2 24 | -23.0% | 8.7% |
每股收益（稀释后）RBLXSKYW
| Q1 26 | — | $2.50 | ||
| Q4 25 | $-0.44 | $2.21 | ||
| Q3 25 | $-0.37 | $2.81 | ||
| Q2 25 | $-0.41 | $2.91 | ||
| Q1 25 | $-0.32 | $2.42 | ||
| Q4 24 | $-0.32 | $2.34 | ||
| Q3 24 | $-0.37 | $2.16 | ||
| Q2 24 | $-0.32 | $1.82 |
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 | $1.8B |
| 股东权益账面价值 | $394.5M | $2.7B |
| 总资产 | $9.6B | $7.3B |
| 负债/权益比越低杠杆越低 | 2.98× | 0.66× |
8季度趋势，按日历期对齐
现金及短期投资RBLXSKYW
| Q1 26 | — | — | ||
| Q4 25 | $3.1B | $122.7M | ||
| Q3 25 | $2.9B | $44.5M | ||
| Q2 25 | $2.6B | $48.3M | ||
| Q1 25 | $2.7B | $179.0M | ||
| Q4 24 | $2.4B | $227.4M | ||
| Q3 24 | $2.3B | $177.6M | ||
| Q2 24 | $2.4B | $141.8M |
总债务RBLXSKYW
| Q1 26 | — | $1.8B | ||
| Q4 25 | $1.2B | — | ||
| Q3 25 | — | $2.4B | ||
| Q2 25 | — | $2.5B | ||
| Q1 25 | — | $2.6B | ||
| Q4 24 | $1.2B | $2.7B | ||
| Q3 24 | — | $2.7B | ||
| Q2 24 | — | $2.8B |
股东权益RBLXSKYW
| Q1 26 | — | $2.7B | ||
| Q4 25 | $394.5M | $2.7B | ||
| Q3 25 | $407.6M | $2.7B | ||
| Q2 25 | $353.2M | $2.6B | ||
| Q1 25 | $310.7M | $2.5B | ||
| Q4 24 | $221.4M | $2.4B | ||
| Q3 24 | $189.9M | $2.3B | ||
| Q2 24 | $121.5M | $2.2B |
总资产RBLXSKYW
| Q1 26 | — | $7.3B | ||
| Q4 25 | $9.6B | $7.4B | ||
| Q3 25 | $8.6B | $7.2B | ||
| Q2 25 | $7.8B | $7.2B | ||
| Q1 25 | $7.5B | $7.1B | ||
| Q4 24 | $7.2B | $7.1B | ||
| Q3 24 | $6.7B | $7.0B | ||
| Q2 24 | $6.5B | $7.0B |
负债/权益比RBLXSKYW
| Q1 26 | — | 0.66× | ||
| Q4 25 | 2.98× | — | ||
| Q3 25 | — | 0.89× | ||
| Q2 25 | — | 0.97× | ||
| Q1 25 | — | 1.03× | ||
| Q4 24 | 5.48× | 1.11× | ||
| Q3 24 | — | 1.17× | ||
| Q2 24 | — | 1.25× |
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RBLXSKYW
| Q1 26 | — | — | ||
| Q4 25 | $607.0M | $231.5M | ||
| Q3 25 | $546.2M | $280.8M | ||
| Q2 25 | $199.3M | $257.1M | ||
| Q1 25 | $443.9M | $171.0M | ||
| Q4 24 | $184.5M | $185.9M | ||
| Q3 24 | $247.4M | $183.6M | ||
| Q2 24 | $151.4M | $165.3M |
自由现金流RBLXSKYW
| Q1 26 | — | — | ||
| Q4 25 | $308.6M | $224.3M | ||
| Q3 25 | $443.6M | $269.9M | ||
| Q2 25 | $176.7M | $251.5M | ||
| Q1 25 | $426.5M | $162.6M | ||
| Q4 24 | $120.6M | $162.7M | ||
| Q3 24 | $218.0M | $172.1M | ||
| Q2 24 | $111.7M | $159.4M |
自由现金流率RBLXSKYW
| Q1 26 | — | — | ||
| Q4 25 | 21.8% | 21.9% | ||
| Q3 25 | 32.6% | 25.7% | ||
| Q2 25 | 16.3% | 24.3% | ||
| Q1 25 | 41.2% | 17.1% | ||
| Q4 24 | 12.2% | 17.2% | ||
| Q3 24 | 23.7% | 18.9% | ||
| Q2 24 | 12.5% | 18.4% |
资本支出强度RBLXSKYW
| Q1 26 | — | — | ||
| Q4 25 | 21.1% | 0.7% | ||
| Q3 25 | 7.5% | 1.0% | ||
| Q2 25 | 2.1% | 0.5% | ||
| Q1 25 | 1.7% | 0.9% | ||
| Q4 24 | 6.5% | 2.5% | ||
| Q3 24 | 3.2% | 1.3% | ||
| Q2 24 | 4.4% | 0.7% |
现金转化率RBLXSKYW
| Q1 26 | — | — | ||
| Q4 25 | — | 2.54× | ||
| Q3 25 | — | 2.41× | ||
| Q2 25 | — | 2.14× | ||
| Q1 25 | — | 1.70× | ||
| Q4 24 | — | 1.91× | ||
| Q3 24 | — | 2.05× | ||
| Q2 24 | — | 2.19× |
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
SKYW
| Flying agreements | $977.9M | 97% |
| Lease, airport services and other | $35.3M | 3% |
