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罗布乐思（RBLX）与TRINET GROUP, INC.（TNET）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TRINET GROUP, INC.的1.1倍（$1.4B vs $1.2B），罗布乐思同比增速更快（43.2% vs -2.2%），罗布乐思自由现金流更多（$308.6M vs $43.0M），过去两年罗布乐思的营收复合增速更高（32.9% vs -0.6%）
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。
TriNet Group, Inc.是一家面向中小企业的专业雇主组织，总部位于加州都柏林，服务员工规模在3至2500人之间的各类机构。可提供薪资管理、健康福利管理服务，还能为客户提供劳动法规合规、风险降低相关咨询，可作为外包人力资源部门为企业分担人事相关事务。
RBLX vs TNET — 直观对比
营收规模更大
RBLX
是对方的1.1倍
$1.2B
营收增速更快
RBLX
高出45.4%
-2.2%
自由现金流更多
RBLX
多$265.6M
$43.0M
两年增速更快
RBLX
近两年复合增速
-0.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $1.2B |
| 净利润 | $-316.0M | — |
| 毛利率 | 77.7% | — |
| 营业利润率 | -25.3% | 0.1% |
| 净利率 | -22.3% | — |
| 营收同比 | 43.2% | -2.2% |
| 净利润同比 | -43.9% | — |
| 每股收益（稀释后） | $-0.44 | $0.02 |
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RBLXTNET
| Q4 25 | $1.4B | $1.2B | ||
| Q3 25 | $1.4B | $1.2B | ||
| Q2 25 | $1.1B | $1.2B | ||
| Q1 25 | $1.0B | $1.3B | ||
| Q4 24 | $988.2M | $1.3B | ||
| Q3 24 | $919.0M | $1.2B | ||
| Q2 24 | $893.5M | $1.2B | ||
| Q1 24 | $801.3M | $1.3B |
净利润RBLXTNET
| Q4 25 | $-316.0M | — | ||
| Q3 25 | $-255.6M | $34.0M | ||
| Q2 25 | $-278.4M | $37.0M | ||
| Q1 25 | $-215.1M | $85.0M | ||
| Q4 24 | $-219.6M | — | ||
| Q3 24 | $-239.3M | $45.0M | ||
| Q2 24 | $-205.9M | $60.0M | ||
| Q1 24 | $-270.6M | $91.0M |
毛利率RBLXTNET
| 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RBLXTNET
| Q4 25 | -25.3% | 0.1% | ||
| Q3 25 | -21.8% | 4.1% | ||
| Q2 25 | -29.8% | 4.1% | ||
| Q1 25 | -24.6% | 8.9% | ||
| Q4 24 | -24.7% | -2.9% | ||
| Q3 24 | -30.4% | 4.7% | ||
| Q2 24 | -26.6% | 6.5% | ||
| Q1 24 | -37.7% | 9.7% |
净利率RBLXTNET
| Q4 25 | -22.3% | — | ||
| Q3 25 | -18.8% | 2.8% | ||
| Q2 25 | -25.8% | 3.0% | ||
| Q1 25 | -20.8% | 6.6% | ||
| Q4 24 | -22.2% | — | ||
| Q3 24 | -26.0% | 3.6% | ||
| Q2 24 | -23.0% | 4.9% | ||
| Q1 24 | -33.8% | 7.2% |
每股收益（稀释后）RBLXTNET
| Q4 25 | $-0.44 | $0.02 | ||
| Q3 25 | $-0.37 | $0.70 | ||
| Q2 25 | $-0.41 | $0.77 | ||
| Q1 25 | $-0.32 | $1.71 | ||
| Q4 24 | $-0.32 | $-0.44 | ||
| Q3 24 | $-0.37 | $0.89 | ||
| Q2 24 | $-0.32 | $1.20 | ||
| Q1 24 | $-0.43 | $1.78 |
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 | $287.0M |
| 总债务越低越好 | $1.2B | — |
| 股东权益账面价值 | $394.5M | $54.0M |
| 总资产 | $9.6B | $3.8B |
| 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RBLXTNET
| Q4 25 | $3.1B | $287.0M | ||
| Q3 25 | $2.9B | $321.0M | ||
| Q2 25 | $2.6B | $407.0M | ||
| Q1 25 | $2.7B | $349.0M | ||
| Q4 24 | $2.4B | $360.0M | ||
| Q3 24 | $2.3B | $301.0M | ||
| Q2 24 | $2.4B | $249.0M | ||
| Q1 24 | $2.4B | $383.0M |
总债务RBLXTNET
| Q4 25 | $1.2B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.2B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益RBLXTNET
| Q4 25 | $394.5M | $54.0M | ||
| Q3 25 | $407.6M | $110.0M | ||
| Q2 25 | $353.2M | $107.0M | ||
| Q1 25 | $310.7M | $63.0M | ||
| Q4 24 | $221.4M | $69.0M | ||
| Q3 24 | $189.9M | $129.0M | ||
| Q2 24 | $121.5M | $100.0M | ||
| Q1 24 | $71.6M | $143.0M |
总资产RBLXTNET
| Q4 25 | $9.6B | $3.8B | ||
| Q3 25 | $8.6B | $3.4B | ||
| Q2 25 | $7.8B | $3.7B | ||
| Q1 25 | $7.5B | $3.8B | ||
| Q4 24 | $7.2B | $4.1B | ||
| Q3 24 | $6.7B | $3.7B | ||
| Q2 24 | $6.5B | $3.7B | ||
| Q1 24 | $6.3B | $4.0B |
负债/权益比RBLXTNET
| 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 | $61.0M |
| 自由现金流经营现金流 - 资本支出 | $308.6M | $43.0M |
| 自由现金流率自由现金流/营收 | 21.8% | 3.4% |
| 资本支出强度资本支出/营收 | 21.1% | 1.4% |
| 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 | $234.0M |
8季度趋势，按日历期对齐
经营现金流RBLXTNET
| Q4 25 | $607.0M | $61.0M | ||
| Q3 25 | $546.2M | $72.0M | ||
| Q2 25 | $199.3M | $75.0M | ||
| Q1 25 | $443.9M | $95.0M | ||
| Q4 24 | $184.5M | $65.0M | ||
| Q3 24 | $247.4M | $84.0M | ||
| Q2 24 | $151.4M | $39.0M | ||
| Q1 24 | $238.9M | $91.0M |
自由现金流RBLXTNET
| Q4 25 | $308.6M | $43.0M | ||
| Q3 25 | $443.6M | $55.0M | ||
| Q2 25 | $176.7M | $57.0M | ||
| Q1 25 | $426.5M | $79.0M | ||
| Q4 24 | $120.6M | $47.0M | ||
| Q3 24 | $218.0M | $59.0M | ||
| Q2 24 | $111.7M | $22.0M | ||
| Q1 24 | $192.3M | $73.0M |
自由现金流率RBLXTNET
| Q4 25 | 21.8% | 3.4% | ||
| Q3 25 | 32.6% | 4.5% | ||
| Q2 25 | 16.3% | 4.6% | ||
| Q1 25 | 41.2% | 6.1% | ||
| Q4 24 | 12.2% | 3.7% | ||
| Q3 24 | 23.7% | 4.8% | ||
| Q2 24 | 12.5% | 1.8% | ||
| Q1 24 | 24.0% | 5.8% |
资本支出强度RBLXTNET
| Q4 25 | 21.1% | 1.4% | ||
| Q3 25 | 7.5% | 1.4% | ||
| Q2 25 | 2.1% | 1.5% | ||
| Q1 25 | 1.7% | 1.2% | ||
| Q4 24 | 6.5% | 1.4% | ||
| Q3 24 | 3.2% | 2.0% | ||
| Q2 24 | 4.4% | 1.4% | ||
| Q1 24 | 5.8% | 1.4% |
现金转化率RBLXTNET
| Q4 25 | — | — | ||
| Q3 25 | — | 2.12× | ||
| Q2 25 | — | 2.03× | ||
| Q1 25 | — | 1.12× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.87× | ||
| Q2 24 | — | 0.65× | ||
| Q1 24 | — | 1.00× |
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
TNET
| Insurance Services | $1.1B | 85% |
| Professional Services | $169.0M | 14% |
