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罗布乐思（RBLX）与URBAN OUTFITTERS INC（URBN）财务数据对比。点击上方公司名可切换其他公司
URBAN OUTFITTERS INC的季度营收约是罗布乐思的1.1倍（$1.5B vs $1.4B），URBAN OUTFITTERS INC净利率更高（7.6% vs -22.3%，领先29.9%），罗布乐思同比增速更快（43.2% vs 12.3%），罗布乐思自由现金流更多（$308.6M vs $-22.8M），过去两年罗布乐思的营收复合增速更高（32.9% vs 1.4%）
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。
URBN是总部位于美国宾夕法尼亚州费城的跨国生活方式零售企业，旗下Urban Outfitters品牌面向年轻消费群体，产品涵盖男女时装、鞋履、美妆个护、配饰、运动服饰装备、家居用品及音乐周边等，业务覆盖美国、英国、加拿大、部分西欧国家、波兰、阿联酋、科威特、卡塔尔等市场。
RBLX vs URBN — 直观对比
营收规模更大
URBN
是对方的1.1倍
$1.4B
营收增速更快
RBLX
高出30.9%
12.3%
净利率更高
URBN
高出29.9%
-22.3%
自由现金流更多
RBLX
多$331.3M
$-22.8M
两年增速更快
RBLX
近两年复合增速
1.4%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $1.5B |
| 净利润 | $-316.0M | $116.4M |
| 毛利率 | 77.7% | 36.8% |
| 营业利润率 | -25.3% | 9.4% |
| 净利率 | -22.3% | 7.6% |
| 营收同比 | 43.2% | 12.3% |
| 净利润同比 | -43.9% | 13.1% |
| 每股收益（稀释后） | $-0.44 | $1.28 |
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RBLXURBN
| Q4 25 | $1.4B | $1.5B | ||
| Q3 25 | $1.4B | $1.5B | ||
| Q2 25 | $1.1B | $1.3B | ||
| Q1 25 | $1.0B | $1.6B | ||
| Q4 24 | $988.2M | $1.4B | ||
| Q3 24 | $919.0M | $1.4B | ||
| Q2 24 | $893.5M | $1.2B | ||
| Q1 24 | $801.3M | $1.5B |
净利润RBLXURBN
| Q4 25 | $-316.0M | $116.4M | ||
| Q3 25 | $-255.6M | $143.9M | ||
| Q2 25 | $-278.4M | $108.3M | ||
| Q1 25 | $-215.1M | $120.3M | ||
| Q4 24 | $-219.6M | $102.9M | ||
| Q3 24 | $-239.3M | $117.5M | ||
| Q2 24 | $-205.9M | $61.8M | ||
| Q1 24 | $-270.6M | $47.8M |
毛利率RBLXURBN
| Q4 25 | 77.7% | 36.8% | ||
| Q3 25 | 78.2% | 37.6% | ||
| Q2 25 | 78.2% | 36.8% | ||
| Q1 25 | 78.3% | 32.3% | ||
| Q4 24 | 77.9% | 36.5% | ||
| Q3 24 | 77.7% | 36.5% | ||
| Q2 24 | 77.8% | 34.0% | ||
| Q1 24 | 77.7% | 29.2% |
营业利润率RBLXURBN
| Q4 25 | -25.3% | 9.4% | ||
| Q3 25 | -21.8% | 11.6% | ||
| Q2 25 | -29.8% | 9.6% | ||
| Q1 25 | -24.6% | 7.7% | ||
| Q4 24 | -24.7% | 9.4% | ||
| Q3 24 | -30.4% | 10.7% | ||
| Q2 24 | -26.6% | 6.2% | ||
| Q1 24 | -37.7% | 3.9% |
净利率RBLXURBN
| Q4 25 | -22.3% | 7.6% | ||
| Q3 25 | -18.8% | 9.6% | ||
| Q2 25 | -25.8% | 8.1% | ||
| Q1 25 | -20.8% | 7.4% | ||
| Q4 24 | -22.2% | 7.6% | ||
| Q3 24 | -26.0% | 8.7% | ||
| Q2 24 | -23.0% | 5.1% | ||
| Q1 24 | -33.8% | 3.2% |
每股收益（稀释后）RBLXURBN
| Q4 25 | $-0.44 | $1.28 | ||
| Q3 25 | $-0.37 | $1.58 | ||
| Q2 25 | $-0.41 | $1.16 | ||
| Q1 25 | $-0.32 | $1.27 | ||
| Q4 24 | $-0.32 | $1.10 | ||
| Q3 24 | $-0.37 | $1.24 | ||
| Q2 24 | $-0.32 | $0.65 | ||
| 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 | $306.6M |
| 总债务越低越好 | $1.2B | — |
| 股东权益账面价值 | $394.5M | $2.7B |
| 总资产 | $9.6B | $4.9B |
| 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RBLXURBN
| Q4 25 | $3.1B | $306.6M | ||
| Q3 25 | $2.9B | $332.2M | ||
| Q2 25 | $2.6B | $189.4M | ||
| Q1 25 | $2.7B | $290.5M | ||
| Q4 24 | $2.4B | $182.5M | ||
| Q3 24 | $2.3B | $209.1M | ||
| Q2 24 | $2.4B | $174.0M | ||
| Q1 24 | $2.4B | $178.3M |
总债务RBLXURBN
| Q4 25 | $1.2B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.2B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益RBLXURBN
| Q4 25 | $394.5M | $2.7B | ||
| Q3 25 | $407.6M | $2.6B | ||
| Q2 25 | $353.2M | $2.4B | ||
| Q1 25 | $310.7M | $2.5B | ||
| Q4 24 | $221.4M | $2.4B | ||
| Q3 24 | $189.9M | $2.2B | ||
| Q2 24 | $121.5M | $2.2B | ||
| Q1 24 | $71.6M | $2.1B |
总资产RBLXURBN
| Q4 25 | $9.6B | $4.9B | ||
| Q3 25 | $8.6B | $4.7B | ||
| Q2 25 | $7.8B | $4.5B | ||
| Q1 25 | $7.5B | $4.5B | ||
| Q4 24 | $7.2B | $4.5B | ||
| Q3 24 | $6.7B | $4.3B | ||
| Q2 24 | $6.5B | $4.2B | ||
| Q1 24 | $6.3B | $4.1B |
负债/权益比RBLXURBN
| 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 | $61.1M |
| 自由现金流经营现金流 - 资本支出 | $308.6M | $-22.8M |
| 自由现金流率自由现金流/营收 | 21.8% | -1.5% |
| 资本支出强度资本支出/营收 | 21.1% | 5.5% |
| 现金转化率经营现金流/净利润 | — | 0.53× |
| 过去12个月自由现金流最近4个季度 | $1.4B | $402.7M |
8季度趋势，按日历期对齐
经营现金流RBLXURBN
| Q4 25 | $607.0M | $61.1M | ||
| Q3 25 | $546.2M | $218.0M | ||
| Q2 25 | $199.3M | $33.0M | ||
| Q1 25 | $443.9M | $320.5M | ||
| Q4 24 | $184.5M | $18.5M | ||
| Q3 24 | $247.4M | $105.3M | ||
| Q2 24 | $151.4M | $58.6M | ||
| Q1 24 | $238.9M | $229.2M |
自由现金流RBLXURBN
| Q4 25 | $308.6M | $-22.8M | ||
| Q3 25 | $443.6M | $156.6M | ||
| Q2 25 | $176.7M | $-13.1M | ||
| Q1 25 | $426.5M | $281.9M | ||
| Q4 24 | $120.6M | $-26.6M | ||
| Q3 24 | $218.0M | $47.5M | ||
| Q2 24 | $111.7M | $17.5M | ||
| Q1 24 | $192.3M | $180.6M |
自由现金流率RBLXURBN
| Q4 25 | 21.8% | -1.5% | ||
| Q3 25 | 32.6% | 10.4% | ||
| Q2 25 | 16.3% | -1.0% | ||
| Q1 25 | 41.2% | 17.2% | ||
| Q4 24 | 12.2% | -2.0% | ||
| Q3 24 | 23.7% | 3.5% | ||
| Q2 24 | 12.5% | 1.5% | ||
| Q1 24 | 24.0% | 12.2% |
资本支出强度RBLXURBN
| Q4 25 | 21.1% | 5.5% | ||
| Q3 25 | 7.5% | 4.1% | ||
| Q2 25 | 2.1% | 3.5% | ||
| Q1 25 | 1.7% | 2.4% | ||
| Q4 24 | 6.5% | 3.3% | ||
| Q3 24 | 3.2% | 4.3% | ||
| Q2 24 | 4.4% | 3.4% | ||
| Q1 24 | 5.8% | 3.3% |
现金转化率RBLXURBN
| Q4 25 | — | 0.53× | ||
| Q3 25 | — | 1.52× | ||
| Q2 25 | — | 0.30× | ||
| Q1 25 | — | 2.66× | ||
| Q4 24 | — | 0.18× | ||
| Q3 24 | — | 0.90× | ||
| Q2 24 | — | 0.95× | ||
| Q1 24 | — | 4.80× |
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
URBN
| Apparel | $861.4M | 56% |
| Home | $187.0M | 12% |
| Accessories | $182.6M | 12% |
| Subscription Operations | $144.6M | 9% |
| Wholesale Operations | $88.3M | 6% |
| Other | $65.3M | 4% |
