vs
ROKU, INC（ROKU）与TRINET GROUP, INC.（TNET）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TRINET GROUP, INC.的1.1倍（$1.4B vs $1.2B），ROKU, INC同比增速更快（16.1% vs -2.2%），ROKU, INC自由现金流更多（$106.6M vs $43.0M），过去两年ROKU, INC的营收复合增速更高（25.8% vs -0.6%）
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。
TriNet Group, Inc.是一家面向中小企业的专业雇主组织，总部位于加州都柏林，服务员工规模在3至2500人之间的各类机构。可提供薪资管理、健康福利管理服务，还能为客户提供劳动法规合规、风险降低相关咨询，可作为外包人力资源部门为企业分担人事相关事务。
ROKU vs TNET — 直观对比
营收规模更大
ROKU
是对方的1.1倍
$1.2B
营收增速更快
ROKU
高出18.3%
-2.2%
自由现金流更多
ROKU
多$63.6M
$43.0M
两年增速更快
ROKU
近两年复合增速
-0.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $1.2B |
| 净利润 | $80.5M | — |
| 毛利率 | 43.5% | — |
| 营业利润率 | 4.7% | 0.1% |
| 净利率 | 5.8% | — |
| 营收同比 | 16.1% | -2.2% |
| 净利润同比 | 326.4% | — |
| 每股收益（稀释后） | $0.55 | $0.02 |
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ROKUTNET
| Q4 25 | $1.4B | $1.2B | ||
| Q3 25 | $1.2B | $1.2B | ||
| Q2 25 | $1.1B | $1.2B | ||
| Q1 25 | $1.0B | $1.3B | ||
| Q4 24 | $1.2B | $1.3B | ||
| Q3 24 | $1.1B | $1.2B | ||
| Q2 24 | $968.2M | $1.2B | ||
| Q1 24 | $881.5M | $1.3B |
净利润ROKUTNET
| Q4 25 | $80.5M | — | ||
| Q3 25 | $24.8M | $34.0M | ||
| Q2 25 | $10.5M | $37.0M | ||
| Q1 25 | $-27.4M | $85.0M | ||
| Q4 24 | $-35.5M | — | ||
| Q3 24 | $-9.0M | $45.0M | ||
| Q2 24 | $-34.0M | $60.0M | ||
| Q1 24 | $-50.9M | $91.0M |
毛利率ROKUTNET
| Q4 25 | 43.5% | — | ||
| Q3 25 | 43.4% | — | ||
| Q2 25 | 44.8% | — | ||
| Q1 25 | 43.6% | — | ||
| Q4 24 | 42.7% | — | ||
| Q3 24 | 45.2% | — | ||
| Q2 24 | 43.9% | — | ||
| Q1 24 | 44.1% | — |
营业利润率ROKUTNET
| Q4 25 | 4.7% | 0.1% | ||
| Q3 25 | 0.8% | 4.1% | ||
| Q2 25 | -2.1% | 4.1% | ||
| Q1 25 | -5.7% | 8.9% | ||
| Q4 24 | -3.3% | -2.9% | ||
| Q3 24 | -3.4% | 4.7% | ||
| Q2 24 | -7.4% | 6.5% | ||
| Q1 24 | -8.2% | 9.7% |
净利率ROKUTNET
| Q4 25 | 5.8% | — | ||
| Q3 25 | 2.0% | 2.8% | ||
| Q2 25 | 0.9% | 3.0% | ||
| Q1 25 | -2.7% | 6.6% | ||
| Q4 24 | -3.0% | — | ||
| Q3 24 | -0.9% | 3.6% | ||
| Q2 24 | -3.5% | 4.9% | ||
| Q1 24 | -5.8% | 7.2% |
每股收益（稀释后）ROKUTNET
| Q4 25 | $0.55 | $0.02 | ||
| Q3 25 | $0.16 | $0.70 | ||
| Q2 25 | $0.07 | $0.77 | ||
| Q1 25 | $-0.19 | $1.71 | ||
| Q4 24 | $-0.24 | $-0.44 | ||
| Q3 24 | $-0.06 | $0.89 | ||
| Q2 24 | $-0.24 | $1.20 | ||
| Q1 24 | $-0.35 | $1.78 |
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 | $287.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.7B | $54.0M |
| 总资产 | $4.4B | $3.8B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资ROKUTNET
| Q4 25 | $2.3B | $287.0M | ||
| Q3 25 | $2.3B | $321.0M | ||
| Q2 25 | $2.3B | $407.0M | ||
| Q1 25 | $2.3B | $349.0M | ||
| Q4 24 | $2.2B | $360.0M | ||
| Q3 24 | $2.1B | $301.0M | ||
| Q2 24 | $2.1B | $249.0M | ||
| Q1 24 | $2.1B | $383.0M |
股东权益ROKUTNET
| Q4 25 | $2.7B | $54.0M | ||
| Q3 25 | $2.6B | $110.0M | ||
| Q2 25 | $2.6B | $107.0M | ||
| Q1 25 | $2.5B | $63.0M | ||
| Q4 24 | $2.5B | $69.0M | ||
| Q3 24 | $2.5B | $129.0M | ||
| Q2 24 | $2.4B | $100.0M | ||
| Q1 24 | $2.4B | $143.0M |
总资产ROKUTNET
| Q4 25 | $4.4B | $3.8B | ||
| Q3 25 | $4.4B | $3.4B | ||
| Q2 25 | $4.3B | $3.7B | ||
| Q1 25 | $4.2B | $3.8B | ||
| Q4 24 | $4.3B | $4.1B | ||
| Q3 24 | $4.3B | $3.7B | ||
| Q2 24 | $4.1B | $3.7B | ||
| Q1 24 | $4.2B | $4.0B |
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 | $61.0M |
| 自由现金流经营现金流 - 资本支出 | $106.6M | $43.0M |
| 自由现金流率自由现金流/营收 | 7.6% | 3.4% |
| 资本支出强度资本支出/营收 | 0.1% | 1.4% |
| 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 | $478.4M | $234.0M |
8季度趋势，按日历期对齐
经营现金流ROKUTNET
| Q4 25 | $107.7M | $61.0M | ||
| Q3 25 | $127.6M | $72.0M | ||
| Q2 25 | $109.7M | $75.0M | ||
| Q1 25 | $138.7M | $95.0M | ||
| Q4 24 | $79.3M | $65.0M | ||
| Q3 24 | $68.7M | $84.0M | ||
| Q2 24 | $23.4M | $39.0M | ||
| Q1 24 | $46.7M | $91.0M |
自由现金流ROKUTNET
| Q4 25 | $106.6M | $43.0M | ||
| Q3 25 | $126.5M | $55.0M | ||
| Q2 25 | $108.6M | $57.0M | ||
| Q1 25 | $136.8M | $79.0M | ||
| Q4 24 | $76.8M | $47.0M | ||
| Q3 24 | $67.6M | $59.0M | ||
| Q2 24 | $22.5M | $22.0M | ||
| Q1 24 | $46.0M | $73.0M |
自由现金流率ROKUTNET
| Q4 25 | 7.6% | 3.4% | ||
| Q3 25 | 10.4% | 4.5% | ||
| Q2 25 | 9.8% | 4.6% | ||
| Q1 25 | 13.4% | 6.1% | ||
| Q4 24 | 6.4% | 3.7% | ||
| Q3 24 | 6.4% | 4.8% | ||
| Q2 24 | 2.3% | 1.8% | ||
| Q1 24 | 5.2% | 5.8% |
资本支出强度ROKUTNET
| Q4 25 | 0.1% | 1.4% | ||
| Q3 25 | 0.1% | 1.4% | ||
| Q2 25 | 0.1% | 1.5% | ||
| Q1 25 | 0.2% | 1.2% | ||
| Q4 24 | 0.2% | 1.4% | ||
| Q3 24 | 0.1% | 2.0% | ||
| Q2 24 | 0.1% | 1.4% | ||
| Q1 24 | 0.1% | 1.4% |
现金转化率ROKUTNET
| Q4 25 | 1.34× | — | ||
| Q3 25 | 5.14× | 2.12× | ||
| Q2 25 | 10.45× | 2.03× | ||
| Q1 25 | — | 1.12× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.87× | ||
| Q2 24 | — | 0.65× | ||
| Q1 24 | — | 1.00× |
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% |
TNET
| Insurance Services | $1.1B | 85% |
| Professional Services | $169.0M | 14% |
