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罗布乐思（RBLX）与Tri Pointe Homes, Inc.（TPH）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Tri Pointe Homes, Inc.的1.5倍（$1.4B vs $972.6M），Tri Pointe Homes, Inc.净利率更高（6.2% vs -22.3%，领先28.5%），罗布乐思同比增速更快（43.2% vs -22.4%），罗布乐思自由现金流更多（$308.6M vs $213.2M），过去两年罗布乐思的营收复合增速更高（32.9% vs 1.8%）
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。
Tri Pointe Homes, Inc.是总部位于美国内华达州inclinet村的住宅建筑企业，为购房者提供融资及保险服务，业务覆盖亚利桑那、加利福尼亚、内华达、华盛顿、科罗拉多、得克萨斯、哥伦比亚特区、马里兰、北卡罗来纳、南卡罗来纳、弗吉尼亚等地区，按房屋交付量计算是美国第18大住宅建筑商。
RBLX vs TPH — 直观对比
营收规模更大
RBLX
是对方的1.5倍
$972.6M
营收增速更快
RBLX
高出65.6%
-22.4%
净利率更高
TPH
高出28.5%
-22.3%
自由现金流更多
RBLX
多$95.4M
$213.2M
两年增速更快
RBLX
近两年复合增速
1.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $972.6M |
| 净利润 | $-316.0M | $60.2M |
| 毛利率 | 77.7% | — |
| 营业利润率 | -25.3% | 8.1% |
| 净利率 | -22.3% | 6.2% |
| 营收同比 | 43.2% | -22.4% |
| 净利润同比 | -43.9% | -53.4% |
| 每股收益（稀释后） | $-0.44 | $0.70 |
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RBLXTPH
| Q4 25 | $1.4B | $972.6M | ||
| Q3 25 | $1.4B | $854.7M | ||
| Q2 25 | $1.1B | $902.4M | ||
| Q1 25 | $1.0B | $740.9M | ||
| Q4 24 | $988.2M | $1.3B | ||
| Q3 24 | $919.0M | $1.1B | ||
| Q2 24 | $893.5M | $1.2B | ||
| Q1 24 | $801.3M | $939.4M |
净利润RBLXTPH
| Q4 25 | $-316.0M | $60.2M | ||
| Q3 25 | $-255.6M | $56.1M | ||
| Q2 25 | $-278.4M | $60.7M | ||
| Q1 25 | $-215.1M | $64.0M | ||
| Q4 24 | $-219.6M | $129.2M | ||
| Q3 24 | $-239.3M | $111.8M | ||
| Q2 24 | $-205.9M | $118.0M | ||
| Q1 24 | $-270.6M | $99.1M |
毛利率RBLXTPH
| 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RBLXTPH
| Q4 25 | -25.3% | 8.1% | ||
| Q3 25 | -21.8% | 8.1% | ||
| Q2 25 | -29.8% | 8.5% | ||
| Q1 25 | -24.6% | 10.4% | ||
| Q4 24 | -24.7% | 13.4% | ||
| Q3 24 | -30.4% | 12.6% | ||
| Q2 24 | -26.6% | 12.9% | ||
| Q1 24 | -37.7% | 12.3% |
净利率RBLXTPH
| Q4 25 | -22.3% | 6.2% | ||
| Q3 25 | -18.8% | 6.6% | ||
| Q2 25 | -25.8% | 6.7% | ||
| Q1 25 | -20.8% | 8.6% | ||
| Q4 24 | -22.2% | 10.3% | ||
| Q3 24 | -26.0% | 9.8% | ||
| Q2 24 | -23.0% | 10.2% | ||
| Q1 24 | -33.8% | 10.5% |
每股收益（稀释后）RBLXTPH
| Q4 25 | $-0.44 | $0.70 | ||
| Q3 25 | $-0.37 | $0.64 | ||
| Q2 25 | $-0.41 | $0.68 | ||
| Q1 25 | $-0.32 | $0.70 | ||
| Q4 24 | $-0.32 | $1.37 | ||
| Q3 24 | $-0.37 | $1.18 | ||
| Q2 24 | $-0.32 | $1.25 | ||
| Q1 24 | $-0.43 | $1.03 |
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 | $982.8M |
| 总债务越低越好 | $1.2B | — |
| 股东权益账面价值 | $394.5M | $3.3B |
| 总资产 | $9.6B | $5.0B |
| 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RBLXTPH
| Q4 25 | $3.1B | $982.8M | ||
| Q3 25 | $2.9B | $792.0M | ||
| Q2 25 | $2.6B | $622.6M | ||
| Q1 25 | $2.7B | $812.9M | ||
| Q4 24 | $2.4B | $970.0M | ||
| Q3 24 | $2.3B | $676.0M | ||
| Q2 24 | $2.4B | $492.9M | ||
| Q1 24 | $2.4B | $944.0M |
总债务RBLXTPH
| Q4 25 | $1.2B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.2B | $646.5M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益RBLXTPH
| Q4 25 | $394.5M | $3.3B | ||
| Q3 25 | $407.6M | $3.3B | ||
| Q2 25 | $353.2M | $3.3B | ||
| Q1 25 | $310.7M | $3.3B | ||
| Q4 24 | $221.4M | $3.3B | ||
| Q3 24 | $189.9M | $3.2B | ||
| Q2 24 | $121.5M | $3.1B | ||
| Q1 24 | $71.6M | $3.0B |
总资产RBLXTPH
| Q4 25 | $9.6B | $5.0B | ||
| Q3 25 | $8.6B | $5.0B | ||
| Q2 25 | $7.8B | $4.8B | ||
| Q1 25 | $7.5B | $4.8B | ||
| Q4 24 | $7.2B | $4.9B | ||
| Q3 24 | $6.7B | $4.8B | ||
| Q2 24 | $6.5B | $4.6B | ||
| Q1 24 | $6.3B | $5.0B |
负债/权益比RBLXTPH
| Q4 25 | 2.98× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 5.48× | 0.19× | ||
| 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 | $221.0M |
| 自由现金流经营现金流 - 资本支出 | $308.6M | $213.2M |
| 自由现金流率自由现金流/营收 | 21.8% | 21.9% |
| 资本支出强度资本支出/营收 | 21.1% | 0.8% |
| 现金转化率经营现金流/净利润 | — | 3.67× |
| 过去12个月自由现金流最近4个季度 | $1.4B | $128.5M |
8季度趋势，按日历期对齐
经营现金流RBLXTPH
| Q4 25 | $607.0M | $221.0M | ||
| Q3 25 | $546.2M | $45.9M | ||
| Q2 25 | $199.3M | $-74.3M | ||
| Q1 25 | $443.9M | $-31.2M | ||
| Q4 24 | $184.5M | $360.3M | ||
| Q3 24 | $247.4M | $167.9M | ||
| Q2 24 | $151.4M | $23.1M | ||
| Q1 24 | $238.9M | $144.7M |
自由现金流RBLXTPH
| Q4 25 | $308.6M | $213.2M | ||
| Q3 25 | $443.6M | $39.1M | ||
| Q2 25 | $176.7M | $-84.5M | ||
| Q1 25 | $426.5M | $-39.3M | ||
| Q4 24 | $120.6M | $355.9M | ||
| Q3 24 | $218.0M | $161.5M | ||
| Q2 24 | $111.7M | $17.0M | ||
| Q1 24 | $192.3M | $138.3M |
自由现金流率RBLXTPH
| Q4 25 | 21.8% | 21.9% | ||
| Q3 25 | 32.6% | 4.6% | ||
| Q2 25 | 16.3% | -9.4% | ||
| Q1 25 | 41.2% | -5.3% | ||
| Q4 24 | 12.2% | 28.4% | ||
| Q3 24 | 23.7% | 14.1% | ||
| Q2 24 | 12.5% | 1.5% | ||
| Q1 24 | 24.0% | 14.7% |
资本支出强度RBLXTPH
| Q4 25 | 21.1% | 0.8% | ||
| Q3 25 | 7.5% | 0.8% | ||
| Q2 25 | 2.1% | 1.1% | ||
| Q1 25 | 1.7% | 1.1% | ||
| Q4 24 | 6.5% | 0.3% | ||
| Q3 24 | 3.2% | 0.6% | ||
| Q2 24 | 4.4% | 0.5% | ||
| Q1 24 | 5.8% | 0.7% |
现金转化率RBLXTPH
| Q4 25 | — | 3.67× | ||
| Q3 25 | — | 0.82× | ||
| Q2 25 | — | -1.22× | ||
| Q1 25 | — | -0.49× | ||
| Q4 24 | — | 2.79× | ||
| Q3 24 | — | 1.50× | ||
| Q2 24 | — | 0.20× | ||
| Q1 24 | — | 1.46× |
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
TPH
| West | $547.8M | 56% |
| Central | $245.1M | 25% |
| East | $161.8M | 17% |
| Financial Services Segment | $18.0M | 2% |
| Land | $7.9M | 1% |
