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罗布乐思（RBLX）与Snowflake Inc.（SNOW）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Snowflake Inc.的1.2倍（$1.4B vs $1.2B）。罗布乐思净利率更高（-22.3% vs -24.2%，领先1.9%）。罗布乐思同比增速更快（43.2% vs 28.7%）。罗布乐思自由现金流更多（$308.6M vs $113.6M）。过去两年罗布乐思的营收复合增速更高（32.9% vs 25.1%）
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。
Snowflake Inc.是美国云数据平台服务商，创立于加利福尼亚州圣马特奥，总部位于蒙大拿州博兹曼。旗下平台支持数据分析功能，可实现数据集的低延迟并发访问，服务运行在亚马逊云科技、微软Azure、谷歌云三大公有云平台上。
RBLX vs SNOW — 直观对比
营收规模更大
RBLX
是对方的1.2倍
$1.2B
营收增速更快
RBLX
高出14.4%
28.7%
净利率更高
RBLX
高出1.9%
-24.2%
自由现金流更多
RBLX
多$195.0M
$113.6M
两年增速更快
RBLX
近两年复合增速
25.1%
损益表 — Q4 2025 vs Q3 2026
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $1.2B |
| 净利润 | $-316.0M | $-294.0M |
| 毛利率 | 77.7% | 67.8% |
| 营业利润率 | -25.3% | -27.2% |
| 净利率 | -22.3% | -24.2% |
| 营收同比 | 43.2% | 28.7% |
| 净利润同比 | -43.9% | 9.4% |
| 每股收益（稀释后） | $-0.44 | $-0.87 |
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RBLXSNOW
| Q4 25 | $1.4B | $1.2B | ||
| Q3 25 | $1.4B | $1.1B | ||
| Q2 25 | $1.1B | $1.0B | ||
| Q1 25 | $1.0B | $986.8M | ||
| Q4 24 | $988.2M | $942.1M | ||
| Q3 24 | $919.0M | $868.8M | ||
| Q2 24 | $893.5M | $828.7M | ||
| Q1 24 | $801.3M | $774.7M |
净利润RBLXSNOW
| Q4 25 | $-316.0M | $-294.0M | ||
| Q3 25 | $-255.6M | $-298.0M | ||
| Q2 25 | $-278.4M | $-430.1M | ||
| Q1 25 | $-215.1M | $-327.5M | ||
| Q4 24 | $-219.6M | $-324.3M | ||
| Q3 24 | $-239.3M | $-316.9M | ||
| Q2 24 | $-205.9M | $-317.0M | ||
| Q1 24 | $-270.6M | $-169.4M |
毛利率RBLXSNOW
| Q4 25 | 77.7% | 67.8% | ||
| Q3 25 | 78.2% | 67.5% | ||
| Q2 25 | 78.2% | 66.5% | ||
| Q1 25 | 78.3% | 66.2% | ||
| Q4 24 | 77.9% | 65.9% | ||
| Q3 24 | 77.7% | 66.8% | ||
| Q2 24 | 77.8% | 67.1% | ||
| Q1 24 | 77.7% | 68.8% |
营业利润率RBLXSNOW
| Q4 25 | -25.3% | -27.2% | ||
| Q3 25 | -21.8% | -29.7% | ||
| Q2 25 | -29.8% | -42.9% | ||
| Q1 25 | -24.6% | -39.2% | ||
| Q4 24 | -24.7% | -38.8% | ||
| Q3 24 | -30.4% | -40.9% | ||
| Q2 24 | -26.6% | -42.1% | ||
| Q1 24 | -37.7% | -35.6% |
净利率RBLXSNOW
| Q4 25 | -22.3% | -24.2% | ||
| Q3 25 | -18.8% | -26.0% | ||
| Q2 25 | -25.8% | -41.3% | ||
| Q1 25 | -20.8% | -33.2% | ||
| Q4 24 | -22.2% | -34.4% | ||
| Q3 24 | -26.0% | -36.5% | ||
| Q2 24 | -23.0% | -38.3% | ||
| Q1 24 | -33.8% | -21.9% |
每股收益（稀释后）RBLXSNOW
| Q4 25 | $-0.44 | $-0.87 | ||
| Q3 25 | $-0.37 | $-0.89 | ||
| Q2 25 | $-0.41 | $-1.29 | ||
| Q1 25 | $-0.32 | $-0.98 | ||
| Q4 24 | $-0.32 | $-0.98 | ||
| Q3 24 | $-0.37 | $-0.95 | ||
| Q2 24 | $-0.32 | $-0.95 | ||
| Q1 24 | $-0.43 | $-0.51 |
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 | $1.9B |
| 总债务越低越好 | $1.2B | — |
| 股东权益账面价值 | $394.5M | $2.1B |
| 总资产 | $9.6B | $8.2B |
| 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RBLXSNOW
| Q4 25 | $3.1B | $1.9B | ||
| Q3 25 | $2.9B | $1.9B | ||
| Q2 25 | $2.6B | $2.2B | ||
| Q1 25 | $2.7B | $2.6B | ||
| Q4 24 | $2.4B | $2.1B | ||
| Q3 24 | $2.3B | $1.3B | ||
| Q2 24 | $2.4B | $1.3B | ||
| Q1 24 | $2.4B | $1.8B |
总债务RBLXSNOW
| Q4 25 | $1.2B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.2B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益RBLXSNOW
| Q4 25 | $394.5M | $2.1B | ||
| Q3 25 | $407.6M | $2.4B | ||
| Q2 25 | $353.2M | $2.4B | ||
| Q1 25 | $310.7M | $3.0B | ||
| Q4 24 | $221.4M | $2.9B | ||
| Q3 24 | $189.9M | $4.1B | ||
| Q2 24 | $121.5M | $4.6B | ||
| Q1 24 | $71.6M | $5.2B |
总资产RBLXSNOW
| Q4 25 | $9.6B | $8.2B | ||
| Q3 25 | $8.6B | $8.2B | ||
| Q2 25 | $7.8B | $8.2B | ||
| Q1 25 | $7.5B | $9.0B | ||
| Q4 24 | $7.2B | $8.2B | ||
| Q3 24 | $6.7B | $6.9B | ||
| Q2 24 | $6.5B | $7.3B | ||
| Q1 24 | $6.3B | $8.2B |
负债/权益比RBLXSNOW
| 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 | $137.5M |
| 自由现金流经营现金流 - 资本支出 | $308.6M | $113.6M |
| 自由现金流率自由现金流/营收 | 21.8% | 9.4% |
| 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 | $776.7M |
8季度趋势，按日历期对齐
经营现金流RBLXSNOW
| Q4 25 | $607.0M | $137.5M | ||
| Q3 25 | $546.2M | $74.9M | ||
| Q2 25 | $199.3M | $228.4M | ||
| Q1 25 | $443.9M | $432.7M | ||
| Q4 24 | $184.5M | $101.7M | ||
| Q3 24 | $247.4M | $69.9M | ||
| Q2 24 | $151.4M | $355.5M | ||
| Q1 24 | $238.9M | $344.6M |
自由现金流RBLXSNOW
| Q4 25 | $308.6M | $113.6M | ||
| Q3 25 | $443.6M | $58.2M | ||
| Q2 25 | $176.7M | $183.4M | ||
| Q1 25 | $426.5M | $421.4M | ||
| Q4 24 | $120.6M | $88.3M | ||
| Q3 24 | $218.0M | $64.8M | ||
| Q2 24 | $111.7M | $338.9M | ||
| Q1 24 | $192.3M | $331.5M |
自由现金流率RBLXSNOW
| Q4 25 | 21.8% | 9.4% | ||
| Q3 25 | 32.6% | 5.1% | ||
| Q2 25 | 16.3% | 17.6% | ||
| Q1 25 | 41.2% | 42.7% | ||
| Q4 24 | 12.2% | 9.4% | ||
| Q3 24 | 23.7% | 7.5% | ||
| Q2 24 | 12.5% | 40.9% | ||
| Q1 24 | 24.0% | 42.8% |
资本支出强度RBLXSNOW
| Q4 25 | 21.1% | 2.0% | ||
| Q3 25 | 7.5% | 1.5% | ||
| Q2 25 | 2.1% | 4.3% | ||
| Q1 25 | 1.7% | 1.1% | ||
| Q4 24 | 6.5% | 1.4% | ||
| Q3 24 | 3.2% | 0.6% | ||
| Q2 24 | 4.4% | 2.0% | ||
| Q1 24 | 5.8% | 1.7% |
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
SNOW
| Products | $1.2B | 96% |
| Professional Services And Other | $54.5M | 4% |
| Related Party | $6.7M | 1% |
