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罗布乐思（RBLX）与TUTOR PERINI CORP（TPC）财务数据对比。点击上方公司名可切换其他公司
TUTOR PERINI CORP的季度营收约是罗布乐思的1.1倍（$1.5B vs $1.4B），TUTOR PERINI CORP净利率更高（1.9% vs -22.3%，领先24.2%），罗布乐思同比增速更快（43.2% vs 41.2%），罗布乐思自由现金流更多（$308.6M vs $98.7M），过去两年罗布乐思的营收复合增速更高（32.9% vs 19.9%）
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。
Tutor Perini集团是美国顶尖的大型总承包商之一，2008年由Perini公司与Tutor-Saliba公司合并成立，总部位于加利福尼亚州西尔马。公司业务覆盖北美全境，2024年营收约43.3亿美元，核心业务涵盖桥梁、公路、隧道、机场、公共交通系统等民用基建项目，同时也涉足建筑工程领域。
RBLX vs TPC — 直观对比
营收规模更大
TPC
是对方的1.1倍
$1.4B
营收增速更快
RBLX
高出2.0%
41.2%
净利率更高
TPC
高出24.2%
-22.3%
自由现金流更多
RBLX
多$209.9M
$98.7M
两年增速更快
RBLX
近两年复合增速
19.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $1.5B |
| 净利润 | $-316.0M | $28.8M |
| 毛利率 | 77.7% | 9.8% |
| 营业利润率 | -25.3% | 3.3% |
| 净利率 | -22.3% | 1.9% |
| 营收同比 | 43.2% | 41.2% |
| 净利润同比 | -43.9% | 136.3% |
| 每股收益（稀释后） | $-0.44 | $0.53 |
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RBLXTPC
| Q4 25 | $1.4B | $1.5B | ||
| Q3 25 | $1.4B | $1.4B | ||
| Q2 25 | $1.1B | $1.4B | ||
| Q1 25 | $1.0B | $1.2B | ||
| Q4 24 | $988.2M | $1.1B | ||
| Q3 24 | $919.0M | $1.1B | ||
| Q2 24 | $893.5M | $1.1B | ||
| Q1 24 | $801.3M | $1.0B |
净利润RBLXTPC
| Q4 25 | $-316.0M | $28.8M | ||
| Q3 25 | $-255.6M | $3.6M | ||
| Q2 25 | $-278.4M | $20.0M | ||
| Q1 25 | $-215.1M | $28.0M | ||
| Q4 24 | $-219.6M | $-79.4M | ||
| Q3 24 | $-239.3M | $-100.9M | ||
| Q2 24 | $-205.9M | $812.0K | ||
| Q1 24 | $-270.6M | $15.8M |
毛利率RBLXTPC
| Q4 25 | 77.7% | 9.8% | ||
| Q3 25 | 78.2% | 12.0% | ||
| Q2 25 | 78.2% | 14.3% | ||
| Q1 25 | 78.3% | 10.8% | ||
| Q4 24 | 77.9% | -0.9% | ||
| Q3 24 | 77.7% | -2.4% | ||
| Q2 24 | 77.8% | 10.4% | ||
| Q1 24 | 77.7% | 11.0% |
营业利润率RBLXTPC
| Q4 25 | -25.3% | 3.3% | ||
| Q3 25 | -21.8% | 2.8% | ||
| Q2 25 | -29.8% | 5.6% | ||
| Q1 25 | -24.6% | 5.2% | ||
| Q4 24 | -24.7% | -8.1% | ||
| Q3 24 | -30.4% | -9.9% | ||
| Q2 24 | -26.6% | 3.6% | ||
| Q1 24 | -37.7% | 4.7% |
净利率RBLXTPC
| Q4 25 | -22.3% | 1.9% | ||
| Q3 25 | -18.8% | 0.3% | ||
| Q2 25 | -25.8% | 1.5% | ||
| Q1 25 | -20.8% | 2.2% | ||
| Q4 24 | -22.2% | -7.4% | ||
| Q3 24 | -26.0% | -9.3% | ||
| Q2 24 | -23.0% | 0.1% | ||
| Q1 24 | -33.8% | 1.5% |
每股收益（稀释后）RBLXTPC
| Q4 25 | $-0.44 | $0.53 | ||
| Q3 25 | $-0.37 | $0.07 | ||
| Q2 25 | $-0.41 | $0.38 | ||
| Q1 25 | $-0.32 | $0.53 | ||
| Q4 24 | $-0.32 | $-1.53 | ||
| Q3 24 | $-0.37 | $-1.92 | ||
| Q2 24 | $-0.32 | $0.02 | ||
| Q1 24 | $-0.43 | $0.30 |
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 | $734.6M |
| 总债务越低越好 | $1.2B | $407.4M |
| 股东权益账面价值 | $394.5M | $1.2B |
| 总资产 | $9.6B | $5.2B |
| 负债/权益比越低杠杆越低 | 2.98× | 0.33× |
8季度趋势，按日历期对齐
现金及短期投资RBLXTPC
| Q4 25 | $3.1B | $734.6M | ||
| Q3 25 | $2.9B | $695.7M | ||
| Q2 25 | $2.6B | $526.1M | ||
| Q1 25 | $2.7B | $276.5M | ||
| Q4 24 | $2.4B | $455.1M | ||
| Q3 24 | $2.3B | $287.4M | ||
| Q2 24 | $2.4B | $267.1M | ||
| Q1 24 | $2.4B | $358.3M |
总债务RBLXTPC
| Q4 25 | $1.2B | $407.4M | ||
| Q3 25 | — | $413.1M | ||
| Q2 25 | — | $419.4M | ||
| Q1 25 | — | $405.6M | ||
| Q4 24 | $1.2B | $534.1M | ||
| Q3 24 | — | $681.4M | ||
| Q2 24 | — | $676.4M | ||
| Q1 24 | — | $801.2M |
股东权益RBLXTPC
| Q4 25 | $394.5M | $1.2B | ||
| Q3 25 | $407.6M | $1.2B | ||
| Q2 25 | $353.2M | $1.2B | ||
| Q1 25 | $310.7M | $1.2B | ||
| Q4 24 | $221.4M | $1.1B | ||
| Q3 24 | $189.9M | $1.2B | ||
| Q2 24 | $121.5M | $1.3B | ||
| Q1 24 | $71.6M | $1.3B |
总资产RBLXTPC
| Q4 25 | $9.6B | $5.2B | ||
| Q3 25 | $8.6B | $5.2B | ||
| Q2 25 | $7.8B | $4.9B | ||
| Q1 25 | $7.5B | $4.5B | ||
| Q4 24 | $7.2B | $4.2B | ||
| Q3 24 | $6.7B | $4.4B | ||
| Q2 24 | $6.5B | $4.3B | ||
| Q1 24 | $6.3B | $4.4B |
负债/权益比RBLXTPC
| Q4 25 | 2.98× | 0.33× | ||
| Q3 25 | — | 0.35× | ||
| Q2 25 | — | 0.35× | ||
| Q1 25 | — | 0.35× | ||
| Q4 24 | 5.48× | 0.47× | ||
| Q3 24 | — | 0.56× | ||
| Q2 24 | — | 0.52× | ||
| Q1 24 | — | 0.61× |
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 | $173.7M |
| 自由现金流经营现金流 - 资本支出 | $308.6M | $98.7M |
| 自由现金流率自由现金流/营收 | 21.8% | 6.5% |
| 资本支出强度资本支出/营收 | 21.1% | 5.0% |
| 现金转化率经营现金流/净利润 | — | 6.02× |
| 过去12个月自由现金流最近4个季度 | $1.4B | $567.2M |
8季度趋势，按日历期对齐
经营现金流RBLXTPC
| Q4 25 | $607.0M | $173.7M | ||
| Q3 25 | $546.2M | $289.1M | ||
| Q2 25 | $199.3M | $262.4M | ||
| Q1 25 | $443.9M | $22.9M | ||
| Q4 24 | $184.5M | $329.6M | ||
| Q3 24 | $247.4M | $22.6M | ||
| Q2 24 | $151.4M | $53.1M | ||
| Q1 24 | $238.9M | $98.3M |
自由现金流RBLXTPC
| Q4 25 | $308.6M | $98.7M | ||
| Q3 25 | $443.6M | $240.2M | ||
| Q2 25 | $176.7M | $235.6M | ||
| Q1 25 | $426.5M | $-7.2M | ||
| Q4 24 | $120.6M | $320.4M | ||
| Q3 24 | $218.0M | $15.6M | ||
| Q2 24 | $111.7M | $42.2M | ||
| Q1 24 | $192.3M | $87.8M |
自由现金流率RBLXTPC
| Q4 25 | 21.8% | 6.5% | ||
| Q3 25 | 32.6% | 17.0% | ||
| Q2 25 | 16.3% | 17.1% | ||
| Q1 25 | 41.2% | -0.6% | ||
| Q4 24 | 12.2% | 30.0% | ||
| Q3 24 | 23.7% | 1.4% | ||
| Q2 24 | 12.5% | 3.7% | ||
| Q1 24 | 24.0% | 8.4% |
资本支出强度RBLXTPC
| Q4 25 | 21.1% | 5.0% | ||
| Q3 25 | 7.5% | 3.5% | ||
| Q2 25 | 2.1% | 2.0% | ||
| Q1 25 | 1.7% | 2.4% | ||
| Q4 24 | 6.5% | 0.9% | ||
| Q3 24 | 3.2% | 0.6% | ||
| Q2 24 | 4.4% | 1.0% | ||
| Q1 24 | 5.8% | 1.0% |
现金转化率RBLXTPC
| Q4 25 | — | 6.02× | ||
| Q3 25 | — | 79.63× | ||
| Q2 25 | — | 13.14× | ||
| Q1 25 | — | 0.82× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 65.44× | ||
| Q1 24 | — | 6.24× |
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
TPC
| State And Local Agencies | $591.1M | 39% |
| Mass Transit | $449.9M | 30% |
| Federal Agencies | $115.0M | 8% |
| Bridges | $100.5M | 7% |
| Military Facilities | $93.1M | 6% |
| Commercial And Industrial Facilities | $46.7M | 3% |
| Detention Facilities | $43.8M | 3% |
| Power And Energy | $35.8M | 2% |
| Multi Unit Residential | $25.9M | 2% |
| Education Facilities | $12.0M | 1% |
| Water | $3.6M | 0% |
