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ROKU, INC（ROKU）与思佳讯（SWKS）财务数据对比。点击上方公司名可切换其他公司
ROKU, INC的季度营收约是思佳讯的1.3倍（$1.4B vs $1.0B），思佳讯净利率更高（7.6% vs 5.8%，领先1.9%），ROKU, INC同比增速更快（16.1% vs 8.6%），思佳讯自由现金流更多（$339.0M vs $106.6M），过去两年ROKU, INC的营收复合增速更高（25.8% vs -0.5%）
Roku是美国流媒体技术企业，2002年由安东尼·伍德创立，主营数字媒体播放器、电视硬件生产，流媒体内容分发及平台广告运营。截至2024年覆盖用户达1.45亿，是美国流媒体视频分发领域的市场领导者，业务覆盖澳、加、法、德、英及拉美多国。
思佳讯是总部位于美国加利福尼亚州尔湾的半导体企业，公司股票在纳斯达克全球精选市场挂牌交易，股票代码为SWKS，同时也是标普500指数的成分股之一，在全球射频半导体领域拥有较高市场地位。
ROKU vs SWKS — 直观对比
营收规模更大
ROKU
是对方的1.3倍
$1.0B
营收增速更快
ROKU
高出7.5%
8.6%
净利率更高
SWKS
高出1.9%
5.8%
自由现金流更多
SWKS
多$232.4M
$106.6M
两年增速更快
ROKU
近两年复合增速
-0.5%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $1.0B |
| 净利润 | $80.5M | $79.2M |
| 毛利率 | 43.5% | 41.3% |
| 营业利润率 | 4.7% | 10.0% |
| 净利率 | 5.8% | 7.6% |
| 营收同比 | 16.1% | 8.6% |
| 净利润同比 | 326.4% | 15.3% |
| 每股收益（稀释后） | $0.55 | $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ROKUSWKS
| Q1 26 | — | $1.0B | ||
| Q4 25 | $1.4B | $1.1B | ||
| Q3 25 | $1.2B | — | ||
| Q2 25 | $1.1B | $965.0M | ||
| Q1 25 | $1.0B | $953.2M | ||
| Q4 24 | $1.2B | $1.1B | ||
| Q3 24 | $1.1B | $1.0B | ||
| Q2 24 | $968.2M | $905.5M |
净利润ROKUSWKS
| Q1 26 | — | $79.2M | ||
| Q4 25 | $80.5M | $141.4M | ||
| Q3 25 | $24.8M | — | ||
| Q2 25 | $10.5M | $105.0M | ||
| Q1 25 | $-27.4M | $68.7M | ||
| Q4 24 | $-35.5M | $162.0M | ||
| Q3 24 | $-9.0M | $60.5M | ||
| Q2 24 | $-34.0M | $120.9M |
毛利率ROKUSWKS
| Q1 26 | — | 41.3% | ||
| Q4 25 | 43.5% | 40.7% | ||
| Q3 25 | 43.4% | — | ||
| Q2 25 | 44.8% | 41.6% | ||
| Q1 25 | 43.6% | 41.1% | ||
| Q4 24 | 42.7% | 41.4% | ||
| Q3 24 | 45.2% | 41.9% | ||
| Q2 24 | 43.9% | 40.2% |
营业利润率ROKUSWKS
| Q1 26 | — | 10.0% | ||
| Q4 25 | 4.7% | 10.1% | ||
| Q3 25 | 0.8% | — | ||
| Q2 25 | -2.1% | 11.5% | ||
| Q1 25 | -5.7% | 10.2% | ||
| Q4 24 | -3.3% | 16.9% | ||
| Q3 24 | -3.4% | 5.8% | ||
| Q2 24 | -7.4% | 14.4% |
净利率ROKUSWKS
| Q1 26 | — | 7.6% | ||
| Q4 25 | 5.8% | 12.9% | ||
| Q3 25 | 2.0% | — | ||
| Q2 25 | 0.9% | 10.9% | ||
| Q1 25 | -2.7% | 7.2% | ||
| Q4 24 | -3.0% | 15.2% | ||
| Q3 24 | -0.9% | 5.9% | ||
| Q2 24 | -3.5% | 13.4% |
每股收益（稀释后）ROKUSWKS
| Q1 26 | — | $0.53 | ||
| Q4 25 | $0.55 | $0.95 | ||
| Q3 25 | $0.16 | — | ||
| Q2 25 | $0.07 | $0.70 | ||
| Q1 25 | $-0.19 | $0.43 | ||
| Q4 24 | $-0.24 | $1.00 | ||
| Q3 24 | $-0.06 | $0.36 | ||
| Q2 24 | $-0.24 | $0.75 |
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 | $2.3B | $1.6B |
| 总债务越低越好 | — | $496.6M |
| 股东权益账面价值 | $2.7B | $5.8B |
| 总资产 | $4.4B | $7.9B |
| 负债/权益比越低杠杆越低 | — | 0.09× |
8季度趋势，按日历期对齐
现金及短期投资ROKUSWKS
| Q1 26 | — | $1.6B | ||
| Q4 25 | $2.3B | $1.4B | ||
| Q3 25 | $2.3B | — | ||
| Q2 25 | $2.3B | $1.3B | ||
| Q1 25 | $2.3B | $1.5B | ||
| Q4 24 | $2.2B | $1.7B | ||
| Q3 24 | $2.1B | $1.6B | ||
| Q2 24 | $2.1B | $1.3B |
总债务ROKUSWKS
| Q1 26 | — | $496.6M | ||
| Q4 25 | — | $496.4M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $496.2M | ||
| Q1 25 | — | $995.1M | ||
| Q4 24 | — | $994.7M | ||
| Q3 24 | — | $994.3M | ||
| Q2 24 | — | $994.0M |
股东权益ROKUSWKS
| Q1 26 | — | $5.8B | ||
| Q4 25 | $2.7B | $5.8B | ||
| Q3 25 | $2.6B | — | ||
| Q2 25 | $2.6B | $5.7B | ||
| Q1 25 | $2.5B | $5.9B | ||
| Q4 24 | $2.5B | $6.4B | ||
| Q3 24 | $2.5B | $6.3B | ||
| Q2 24 | $2.4B | $6.3B |
总资产ROKUSWKS
| Q1 26 | — | $7.9B | ||
| Q4 25 | $4.4B | $7.9B | ||
| Q3 25 | $4.4B | — | ||
| Q2 25 | $4.3B | $7.7B | ||
| Q1 25 | $4.2B | $7.9B | ||
| Q4 24 | $4.3B | $8.3B | ||
| Q3 24 | $4.3B | $8.3B | ||
| Q2 24 | $4.1B | $8.2B |
负债/权益比ROKUSWKS
| Q1 26 | — | 0.09× | ||
| Q4 25 | — | 0.09× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 0.09× | ||
| Q1 25 | — | 0.17× | ||
| Q4 24 | — | 0.16× | ||
| Q3 24 | — | 0.16× | ||
| Q2 24 | — | 0.16× |
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 | $107.7M | $395.5M |
| 自由现金流经营现金流 - 资本支出 | $106.6M | $339.0M |
| 自由现金流率自由现金流/营收 | 7.6% | 32.7% |
| 资本支出强度资本支出/营收 | 0.1% | 5.5% |
| 现金转化率经营现金流/净利润 | 1.34× | 4.99× |
| 过去12个月自由现金流最近4个季度 | $478.4M | $1.1B |
8季度趋势，按日历期对齐
经营现金流ROKUSWKS
| Q1 26 | — | $395.5M | ||
| Q4 25 | $107.7M | $200.0M | ||
| Q3 25 | $127.6M | — | ||
| Q2 25 | $109.7M | $314.2M | ||
| Q1 25 | $138.7M | $409.4M | ||
| Q4 24 | $79.3M | $377.2M | ||
| Q3 24 | $68.7M | $476.1M | ||
| Q2 24 | $23.4M | $273.4M |
自由现金流ROKUSWKS
| Q1 26 | — | $339.0M | ||
| Q4 25 | $106.6M | $144.0M | ||
| Q3 25 | $126.5M | — | ||
| Q2 25 | $108.6M | $252.7M | ||
| Q1 25 | $136.8M | $370.9M | ||
| Q4 24 | $76.8M | $338.2M | ||
| Q3 24 | $67.6M | $393.3M | ||
| Q2 24 | $22.5M | $249.0M |
自由现金流率ROKUSWKS
| Q1 26 | — | 32.7% | ||
| Q4 25 | 7.6% | 13.1% | ||
| Q3 25 | 10.4% | — | ||
| Q2 25 | 9.8% | 26.2% | ||
| Q1 25 | 13.4% | 38.9% | ||
| Q4 24 | 6.4% | 31.7% | ||
| Q3 24 | 6.4% | 38.4% | ||
| Q2 24 | 2.3% | 27.5% |
资本支出强度ROKUSWKS
| Q1 26 | — | 5.5% | ||
| Q4 25 | 0.1% | 5.1% | ||
| Q3 25 | 0.1% | — | ||
| Q2 25 | 0.1% | 6.4% | ||
| Q1 25 | 0.2% | 4.0% | ||
| Q4 24 | 0.2% | 3.6% | ||
| Q3 24 | 0.1% | 8.1% | ||
| Q2 24 | 0.1% | 2.7% |
现金转化率ROKUSWKS
| Q1 26 | — | 4.99× | ||
| Q4 25 | 1.34× | 1.41× | ||
| Q3 25 | 5.14× | — | ||
| Q2 25 | 10.45× | 2.99× | ||
| Q1 25 | — | 5.96× | ||
| Q4 24 | — | 2.33× | ||
| Q3 24 | — | 7.87× | ||
| Q2 24 | — | 2.26× |
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
ROKU
| Services | $1.2B | 88% |
| Products | $170.9M | 12% |
SWKS
| Sales Channel Through Intermediary | $915.6M | 88% |
| Sales Channel Directly To Consumer | $119.8M | 12% |
