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罗布乐思（RBLX）与WEC Energy Group（WEC）财务数据对比。点击上方公司名可切换其他公司
WEC Energy Group的季度营收约是罗布乐思的1.8倍（$2.5B vs $1.4B），WEC Energy Group净利率更高（12.5% vs -22.3%，领先34.8%），罗布乐思同比增速更快（43.2% vs 11.1%），过去两年罗布乐思的营收复合增速更高（32.9% vs -2.7%）
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。
WEC能源集团是总部位于美国威斯康星州密尔沃基的知名能源企业，业务覆盖美国四个州，为总计440万用户提供可靠的电力及天然气供应服务，是北美地区颇具规模的区域性能源服务商。
RBLX vs WEC — 直观对比
营收规模更大
WEC
是对方的1.8倍
$1.4B
营收增速更快
RBLX
高出32.1%
11.1%
净利率更高
WEC
高出34.8%
-22.3%
两年增速更快
RBLX
近两年复合增速
-2.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $2.5B |
| 净利润 | $-316.0M | $316.8M |
| 毛利率 | 77.7% | 63.7% |
| 营业利润率 | -25.3% | 17.9% |
| 净利率 | -22.3% | 12.5% |
| 营收同比 | 43.2% | 11.1% |
| 净利润同比 | -43.9% | -30.1% |
| 每股收益（稀释后） | $-0.44 | — |
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RBLXWEC
| Q4 25 | $1.4B | $2.5B | ||
| Q3 25 | $1.4B | $2.1B | ||
| Q2 25 | $1.1B | $2.0B | ||
| Q1 25 | $1.0B | $3.1B | ||
| Q4 24 | $988.2M | $2.3B | ||
| Q3 24 | $919.0M | $1.9B | ||
| Q2 24 | $893.5M | $1.8B | ||
| Q1 24 | $801.3M | $2.7B |
净利润RBLXWEC
| Q4 25 | $-316.0M | $316.8M | ||
| Q3 25 | $-255.6M | $270.2M | ||
| Q2 25 | $-278.4M | $243.0M | ||
| Q1 25 | $-215.1M | $725.5M | ||
| Q4 24 | $-219.6M | $453.1M | ||
| Q3 24 | $-239.3M | $238.6M | ||
| Q2 24 | $-205.9M | $210.0M | ||
| Q1 24 | $-270.6M | $622.6M |
毛利率RBLXWEC
| Q4 25 | 77.7% | 63.7% | ||
| Q3 25 | 78.2% | 71.1% | ||
| Q2 25 | 78.2% | 71.6% | ||
| Q1 25 | 78.3% | 63.0% | ||
| Q4 24 | 77.9% | 67.7% | ||
| Q3 24 | 77.7% | 72.1% | ||
| Q2 24 | 77.8% | 73.5% | ||
| Q1 24 | 77.7% | 65.4% |
营业利润率RBLXWEC
| Q4 25 | -25.3% | 17.9% | ||
| Q3 25 | -21.8% | 21.4% | ||
| Q2 25 | -29.8% | 20.1% | ||
| Q1 25 | -24.6% | 29.8% | ||
| Q4 24 | -24.7% | 25.9% | ||
| Q3 24 | -30.4% | 20.6% | ||
| Q2 24 | -26.6% | 20.6% | ||
| Q1 24 | -37.7% | 30.3% |
净利率RBLXWEC
| Q4 25 | -22.3% | 12.5% | ||
| Q3 25 | -18.8% | 12.8% | ||
| Q2 25 | -25.8% | 12.1% | ||
| Q1 25 | -20.8% | 23.0% | ||
| Q4 24 | -22.2% | 19.8% | ||
| Q3 24 | -26.0% | 12.8% | ||
| Q2 24 | -23.0% | 11.9% | ||
| Q1 24 | -33.8% | 23.2% |
每股收益（稀释后）RBLXWEC
| Q4 25 | $-0.44 | — | ||
| Q3 25 | $-0.37 | — | ||
| Q2 25 | $-0.41 | — | ||
| Q1 25 | $-0.32 | — | ||
| Q4 24 | $-0.32 | — | ||
| Q3 24 | $-0.37 | — | ||
| Q2 24 | $-0.32 | — | ||
| Q1 24 | $-0.43 | — |
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 | $27.6M |
| 总债务越低越好 | $1.2B | $20.0B |
| 股东权益账面价值 | $394.5M | $14.1B |
| 总资产 | $9.6B | $51.5B |
| 负债/权益比越低杠杆越低 | 2.98× | 1.42× |
8季度趋势，按日历期对齐
现金及短期投资RBLXWEC
| Q4 25 | $3.1B | $27.6M | ||
| Q3 25 | $2.9B | $51.1M | ||
| Q2 25 | $2.6B | $23.0M | ||
| Q1 25 | $2.7B | $82.2M | ||
| Q4 24 | $2.4B | $9.8M | ||
| Q3 24 | $2.3B | $322.5M | ||
| Q2 24 | $2.4B | $224.0M | ||
| Q1 24 | $2.4B | $38.9M |
总债务RBLXWEC
| Q4 25 | $1.2B | $20.0B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.2B | $18.9B | ||
| Q3 24 | — | $16.9B | ||
| Q2 24 | — | $16.9B | ||
| Q1 24 | — | $15.4B |
股东权益RBLXWEC
| Q4 25 | $394.5M | $14.1B | ||
| Q3 25 | $407.6M | $14.0B | ||
| Q2 25 | $353.2M | $13.7B | ||
| Q1 25 | $310.7M | $13.4B | ||
| Q4 24 | $221.4M | $12.8B | ||
| Q3 24 | $189.9M | $12.4B | ||
| Q2 24 | $121.5M | $12.4B | ||
| Q1 24 | $71.6M | $12.4B |
总资产RBLXWEC
| Q4 25 | $9.6B | $51.5B | ||
| Q3 25 | $8.6B | $49.8B | ||
| Q2 25 | $7.8B | $48.5B | ||
| Q1 25 | $7.5B | $48.2B | ||
| Q4 24 | $7.2B | $47.4B | ||
| Q3 24 | $6.7B | $45.2B | ||
| Q2 24 | $6.5B | $44.6B | ||
| Q1 24 | $6.3B | $43.9B |
负债/权益比RBLXWEC
| Q4 25 | 2.98× | 1.42× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 5.48× | 1.48× | ||
| Q3 24 | — | 1.36× | ||
| Q2 24 | — | 1.36× | ||
| Q1 24 | — | 1.24× |
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 | $424.6M |
| 自由现金流经营现金流 - 资本支出 | $308.6M | — |
| 自由现金流率自由现金流/营收 | 21.8% | — |
| 资本支出强度资本支出/营收 | 21.1% | — |
| 现金转化率经营现金流/净利润 | — | 1.34× |
| 过去12个月自由现金流最近4个季度 | $1.4B | — |
8季度趋势，按日历期对齐
经营现金流RBLXWEC
| Q4 25 | $607.0M | $424.6M | ||
| Q3 25 | $546.2M | $938.9M | ||
| Q2 25 | $199.3M | $853.3M | ||
| Q1 25 | $443.9M | $1.2B | ||
| Q4 24 | $184.5M | $581.8M | ||
| Q3 24 | $247.4M | $729.0M | ||
| Q2 24 | $151.4M | $1.0B | ||
| Q1 24 | $238.9M | $863.6M |
自由现金流RBLXWEC
| Q4 25 | $308.6M | — | ||
| Q3 25 | $443.6M | $-625.7M | ||
| Q2 25 | $176.7M | $23.9M | ||
| Q1 25 | $426.5M | $461.5M | ||
| Q4 24 | $120.6M | — | ||
| Q3 24 | $218.0M | $-67.3M | ||
| Q2 24 | $111.7M | $343.5M | ||
| Q1 24 | $192.3M | $419.1M |
自由现金流率RBLXWEC
| Q4 25 | 21.8% | — | ||
| Q3 25 | 32.6% | -29.7% | ||
| Q2 25 | 16.3% | 1.2% | ||
| Q1 25 | 41.2% | 14.7% | ||
| Q4 24 | 12.2% | — | ||
| Q3 24 | 23.7% | -3.6% | ||
| Q2 24 | 12.5% | 19.4% | ||
| Q1 24 | 24.0% | 15.6% |
资本支出强度RBLXWEC
| Q4 25 | 21.1% | — | ||
| Q3 25 | 7.5% | 74.4% | ||
| Q2 25 | 2.1% | 41.3% | ||
| Q1 25 | 1.7% | 22.3% | ||
| Q4 24 | 6.5% | — | ||
| Q3 24 | 3.2% | 42.7% | ||
| Q2 24 | 4.4% | 39.2% | ||
| Q1 24 | 5.8% | 16.6% |
现金转化率RBLXWEC
| Q4 25 | — | 1.34× | ||
| Q3 25 | — | 3.47× | ||
| Q2 25 | — | 3.51× | ||
| Q1 25 | — | 1.60× | ||
| Q4 24 | — | 1.28× | ||
| Q3 24 | — | 3.06× | ||
| Q2 24 | — | 4.94× | ||
| Q1 24 | — | 1.39× |
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
WEC
| Wisconsin | $1.9B | 73% |
| Illinois | $441.2M | 17% |
| Other States | $165.1M | 7% |
| External Revenues | $74.0M | 3% |
| Otheroperatingrevenues | $8.0M | 0% |
