Roku, Inc. (ROKU)财务
NASDAQ · Communication Services · Entertainment · 员工3,600人 · CEO Anthony J. Wood
- 股价
- $155.12 -0.77%
- 市值
- $205亿
- 企业价值
- $190亿
- 最近财报
- Q2 '26 2026-08-06提交
- 下次财报
- 2026-11-02 EPS预期 $0.53
营收(TTM)$52.1亿+18.5% 对比去年同期最近4个季度;柱状图=各季度
营业利润率(TTM)5.2%+8.8 百分点 对比去年同期营业利润 $2.73亿
净利润(TTM)$3.55亿+677.5% 对比去年同期税后,含营业外收益
自由现金流(TTM)$8.25亿+111.6% 对比去年同期资本支出 $913万
稀释EPS(TTM)$2.34+654.1% 对比去年同期最近4个季度之和
净现金$20.8亿+23.5% 对比去年同期现金 + 短期投资 - 债务
估值与关键数据
- 市值
- $205亿 EV $190亿
- 营收
- $52.1亿 过去12个月
- 营收增速
- +19% FY2026年一致预期
- 净利润率
- 6.8% 净利润 / 营收,TTM
- P/E
- 64.6× 预期 52.7×(FY2026)
- P/S
- 3.9× 股价 / 营收,TTM
- EV / EBITDA
- 29.2× TTM
- 自由现金流
- $8.25亿 过去12个月
- 净利润
- $3.55亿 过去12个月
- 营收预期
- $56.3亿 FY2026年一致预期
- 盈利
- 2026-11-02 营收预期 $14.1亿
- 股息
- – 无股息
核心要点
根据披露数据计算,每条结论都附有其依据的数字。
- 最近财报(2026-08-06):营收超预期4.4%,EPS 超预期78.5%营收$13.5亿,预期$13亿(+4.4%);EPS $1.08,预期$0.61(+78.5%)。
- 营收增长加速:同比21.9%Q2 '26营收$13.5亿,此前四个季度的平均值为16.8%。
- 营业利润率5.2%(TTM),较去年同期+8.8 百分点营收增长18.5%,营业利润增长275.3%。
- 税前利润的29.5%来自营业外收益税前利润$3.88亿,营业利润$2.73亿(TTM)。股权投资收益等一次性项目推高了净利润和EPS,营业利润更能反映业务本身。
- 资本支出占营收的0.2%(去年为0.1%)最近4个季度投入$913万(同比+39.0%)。自由现金流$8.25亿,相当于净利润的232.3%。
- 股东回报$3.13亿 = 自由现金流的37.9%回购$3.13亿(去年为$0),股息$0,股权激励$2.42亿(TTM)。
- 稀释股数一年内增加1.5%Q2 '26稀释股数1.52亿,一年前为1.5亿。
- 净现金 $20.8亿现金 + 短期投资 $25.6亿,含租赁债务 $4.74亿;一年前净现金 $16.9亿。
上一季度:Q2 '26
截至2026-06-30的季度。与去年同期及财报发布前的分析师一致预期对比。
本季度与去年同期
| Q2 '26 | 去年同期 | 变化 | |
|---|---|---|---|
| 营收 | $13.5亿 | $11.1亿 | +21.9% |
| 毛利率 | 49.7% | 44.8% | +4.9 百分点 |
| 营业利润 | $1.46亿 | -$2330万 | +726.5% |
| 营业利润率 | 10.8% | -2.1% | +12.9 百分点 |
| 净利润 | $1.64亿 | $1050万 | +1,463.5% |
| 稀释EPS | $1.08 | $0.07 | +1,442.9% |
| 经营现金流 | $2.85亿 | $1.1亿 | +159.4% |
| 资本支出 | $377万 | $112万 | +236.0% |
| 自由现金流 | $2.81亿 | $1.09亿 | +158.6% |
| R&D | $1.8亿 | $1.78亿 | +0.9% |
| 股权激励费用 | $7530万 | $8460万 | -11.0% |
实际 vs 一致预期
2026-08-06| 实际 | 一致预期 | 对比预期 | |
|---|---|---|---|
| 营收 | $13.5亿 | $13亿 | +4.4% |
| EPS(一致预期口径) | $1.08 | $0.61 | +78.5% |
来自2026-08-06发布的Q2 '26财报：营收及分析师预期口径的EPS（通常为调整后），可能与上方报表中的EPS不同。
EPS与一致预期
最近8次财报营收
收入从何而来,按业务线和地区逐季展示。
营收、营业利润与增速
季度按业务线划分的营收
堆叠,季度| 分部 | Q2 '26 | 同比 | 占比 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| Platform Segment | – | – | – | – | – | |
| Platform | – | – | – | – | – | |
| Advertising | $6.73亿 | – | 49.7% | – | – | |
| Subscriptions | $5.48亿 | – | 40.5% | – | – | |
| Devices | $1.34亿 | – | 9.9% | – | – |
利润率与成本结构
每一单位营收在各层级还剩多少,成本又花在哪里。
利润率
季度成本占营收比例
季度现金流与资本配置
创造了多少现金,用在何处,又有多少回到股东手中。
经营现金流、资本支出、自由现金流
季度现金用途与经营现金流
财年最近4个季度
现金流量表- 经营现金流
- $8.34亿
- 资本支出
- -$913万
- 股票回购
- -$3.13亿
- 股息
- $0
- 收购
- $0
- 债务净发行
- $0
- 股权激励费用
- $2.42亿
- 自由现金流
- $8.25亿
- 股东回报 / FCF
- 37.9%
股数与EPS
季度,稀释资产负债表
各季度末的流动性、投资和债务。
现金、投资与债务
季度末估值与回报
当前估值倍数与公司自身过去五个财年对比;分析师目标价与评级。
估值倍数与回报
TTM与过去5个财年| 当前 | 5年均值 | 当前处于5年区间的位置 | |
|---|---|---|---|
| P/E(TTM) | 64.6× | 152.8× 5年中的2年 | 124.7× – 180.8× |
| EV / EBITDA | 29.2× | 48.9× 5年中的3年 | 34.9× – 70.1× |
| EV / 营收 | 3.6× | 4.1× | 1.4× – 10.4× |
| 股价 / FCF | 24.8× | 80.0× 5年中的4年 | 33.4× – 161.1× |
| 股价 / 净资产 | 8.1× | 5.8× | 2.1× – 10.9× |
| FCF收益率 | 4.0% | 0.9% | -2.7% – 3.0% |
| 投入资本回报率 | 7.4% | -8.3% | -25.9% – 6.9% |
| 净资产收益率 | 13.2% | -8.5% | -30.5% – 8.8% |
分析师
一致目标价 $163.08 (+5.1%)
区间 $155.00 – $185.00 · 评级 Buy
强烈买入0
买入22
持有22
卖出1
强烈卖出0
展望
分析师对未来财年的一致预期,以及按当前股价意味着什么。
一致预期
| 财年 | 营收 | 增速 | EPS | 增速 | 按当前股价的P/E | 分析师(EPS) |
|---|---|---|---|---|---|---|
| FY2026 | $56.3亿 | +18.8% | $2.94 | +398.8% | 52.7× | 10 |
| FY2027 | $63.5亿 | +12.7% | $3.94 | +33.7% | 39.4× | 14 |
| FY2028 | $72.3亿 | +14.0% | $5.67 | +44.2% | 27.3× | 11 |
| FY2029 | $78亿 | +7.8% | $6.69 | +17.9% | 23.2× | 4 |
| FY2030 | $91亿 | +16.7% | $8.49 | +26.9% | 18.3× | 4 |
财务报表
利润表、资产负债表和现金流量表的每一项,含12个季度和10个财年,以金额、占营收比例或增速展示。
全部披露项目
Roku, Inc.在近期10-Q / 10-K文件中标记的全部269项数据,附SEC官方标签和定义,包括附注(租赁、税务、回购、员工等)。
| 项目(SEC标签) | 最近季度 | 去年同期 | 同比 | 最近财年 | 上一财年 | 同比 |
|---|---|---|---|---|---|---|
| Accounts Payable, Current | $1.67亿 | $1.66亿 | +0.7% | $1.59亿 | $2.74亿 | -42.1% |
| Accounts Receivable, after Allowance for Credit Loss | $7.77亿 | – | – | $8.8亿 | $8.13亿 | +8.3% |
| Accounts Receivable, after Allowance for Credit Loss, Current | $7.77亿 | $6.28亿 | +23.6% | $8.8亿 | $8.13亿 | +8.3% |
| Accounts Receivable, Allowance for Credit Loss, Current | $5110万 | $5210万 | -1.8% | $8040万 | $7270万 | +10.7% |
| Accounts Receivable, before Allowance for Credit Loss, Current | $8.28亿 | $6.81亿 | +21.6% | $9.6亿 | $8.85亿 | +8.5% |
| Accounts Receivable, Credit Loss Expense (Reversal) | $246万 | $12.9万 | +1,806.2% | $244万 | $79万 | +208.7% |
| Accrued Liabilities, Current | $9.67亿 | $8.19亿 | +18.2% | $9.58亿 | $8.53亿 | +12.3% |
| Accrued Marketing Costs, Current | $9150万 | $8040万 | +13.8% | $9590万 | $1.12亿 | -14.4% |
| Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment | $2.29亿 | $1.89亿 | +21.5% | $2.05亿 | $1.66亿 | +23.2% |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | -$42.4万 | $143万 | -129.6% | $104万 | -$174万 | +159.8% |
| Additional Paid in Capital, Common Stock | $42.3亿 | $40.3亿 | +4.8% | $41.5亿 | $39.2亿 | +5.7% |
| Advertising Expense | – | – | – | $2880万 | $970万 | +196.9% |
| Amortization of Intangible Assets | $370万 | $550万 | -32.7% | $2330万 | $1420万 | +64.1% |
| Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 100万 | 380万 | -73.7% | 250万 | 1440万 | -82.6% |
| APIC, Share-based Payment Arrangement, Increase for Cost Recognition | $7530万 | $8460万 | -11.0% | $3.54亿 | $3.85亿 | -7.9% |
| Asset Impairment Charges | $0 | $0 | – | $287万 | $2910万 | -90.1% |
| Assets | $45.7亿 | $42.8亿 | +6.8% | $44.3亿 | $43亿 | +3.0% |
| Assets, Current | $36.1亿 | $31.6亿 | +14.2% | $34亿 | $32.3亿 | +5.2% |
| Assets, Fair Value Disclosure | $25.6亿 | $22.9亿 | +11.5% | $23.2亿 | $22.2亿 | +4.6% |
| Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability | $90.7万2025-12-31 | $0 | – | $230万 | $0 | – |
| Business Combination, Contingent Consideration, Liability, Current | $3620万 | $1530万 | +136.0% | $2810万 | $0 | – |
| Business Combination, Contingent Consideration, Liability, Noncurrent | $1810万 | $5100万 | -64.6% | $4000万 | $0 | – |
| Capital Expenditures Incurred but Not yet Paid | -$17.7万 | $33.2万 | -153.3% | $83万 | $12.2万 | +580.3% |
| Cash and Cash Equivalents, at Carrying Value | $20亿 | $22.5亿 | -11.2% | $15.9亿 | $21.6亿 | -26.5% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $20亿 | $22.5亿 | -11.2% | $15.9亿 | $21.6亿 | -26.5% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Excluding Exchange Rate Effect | $3.53亿 | -$897万 | +4,038.1% | -$5.79亿 | $1.04亿 | -657.7% |
| Common Stock, Capital Shares Reserved for Future Issuance | 5350万 | 5760万 | -7.2% | 5560万 | 5170万 | +7.4% |
| Common Stock, Par or Stated Value Per Share | $0.00 | $0.00 | 0.0% | $0.00 | $0.00 | 0.0% |
| Common Stock, Shares Authorized | 11.5亿2025-12-31 | 11.5亿 | 0.0% | 11.5亿 | 11.5亿 | 0.0% |
| Common Stock, Shares, Issued | 1.48亿2025-12-31 | 1.46亿 | +1.3% | 1.48亿 | 1.46亿 | +1.3% |
| Common Stock, Shares, Outstanding | 1.48亿2025-12-31 | 1.46亿 | +1.3% | 1.48亿 | 1.46亿 | +1.3% |
| Common Stock, Value, Issued | $1.5万 | $1.5万 | 0.0% | $1.5万 | $1.5万 | 0.0% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Parent | $1.64亿 | $1270万 | +1,194.3% | $9110万 | -$1.31亿 | +169.4% |
| Contract with Customer, Liability | $1.49亿 | $1.49亿 | +0.2% | $1.5亿 | $1.31亿 | +14.5% |
| Contract with Customer, Liability, Current | $1.24亿 | $1.24亿 | +0.1% | $1.21亿 | $1.06亿 | +14.4% |
| Contract with Customer, Liability, Noncurrent | $2540万 | $2520万 | +0.8% | $2880万 | $2510万 | +15.2% |
| Contract with Customer, Liability, Revenue Recognized | $2390万 | $1520万 | +57.2% | $8720万 | $1.02亿 | -14.7% |
| Contract with Customer, Performance Obligation Satisfied in Previous Period | $0 | $0 | – | $0 | $1820万 | -100.0% |
| Cost of Goods and Services Sold | $6.81亿 | $6.13亿 | +11.0% | $26.6亿 | $23.1亿 | +15.4% |
| Current Federal Tax Expense (Benefit) | – | – | – | -$7.7万 | $545万 | -101.4% |
| Current Foreign Tax Expense (Benefit) | – | – | – | $755万 | $767万 | -1.6% |
| Current Income Tax Expense (Benefit) | – | – | – | $852万 | $2090万 | -59.2% |
| Current State and Local Tax Expense (Benefit) | – | – | – | $105万 | $775万 | -86.5% |
| Debt Securities, Available-for-sale | $4340万2025-09-30 | $6080万 | -28.6% | $5520万2024-12-31 | $5380万 | +2.6% |
| Debt Securities, Available-for-sale, Noncurrent | – | – | – | $6000万2022-06-30 | – | – |
| Deferred Federal Income Tax Expense (Benefit) | – | – | – | -$500万 | $23.3万 | -2,246.8% |
| Deferred Foreign Income Tax Expense (Benefit) | – | – | – | $262万 | -$1190万 | +122.0% |
| Deferred Income Tax Expense (Benefit) | – | – | – | -$298万 | -$1140万 | +73.9% |
| Deferred State and Local Income Tax Expense (Benefit) | – | – | – | -$59.1万 | $22.5万 | -362.7% |
| Deferred Tax Assets, Gross | $13.1亿2025-12-31 | $13.2亿 | -0.9% | $13.1亿 | $13.2亿 | -0.9% |
| Deferred Tax Assets, Net | $1840万2025-12-31 | $1910万 | -3.6% | $1840万 | $1910万 | -3.6% |
| Deferred Tax Assets, Operating Loss Carryforwards | $4.38亿2025-12-31 | $3.76亿 | +16.5% | $4.38亿 | $3.76亿 | +16.5% |
| Deferred Tax Assets, Other | $736万2025-12-31 | $917万 | -19.7% | $736万 | $917万 | -19.7% |
| Deferred Tax Assets, Property, Plant and Equipment | $3470万2025-12-31 | $4050万 | -14.4% | $3470万 | $4050万 | -14.4% |
| Deferred Tax Assets, Tax Credit Carryforwards, Research | $2.86亿2025-12-31 | $2.58亿 | +10.8% | $2.86亿 | $2.58亿 | +10.8% |
| Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits, Share-based Compensation Cost | $3420万2025-12-31 | $4860万 | -29.6% | $3420万 | $4860万 | -29.6% |
| Deferred Tax Assets, Tax Deferred Expense, Reserves and Accruals | $5470万2025-12-31 | $4480万 | +22.1% | $5470万 | $4480万 | +22.1% |
| Deferred Tax Assets, Valuation Allowance | $12.1亿2025-12-31 | $12.2亿 | -0.8% | $12.1亿 | $12.2亿 | -0.8% |
| Deferred Tax Liabilities, Gross | $7900万2025-12-31 | $8020万 | -1.5% | $7900万 | $8020万 | -1.5% |
| Deferred Tax Liabilities, Other | $114万2025-12-31 | $425万 | -73.2% | $114万 | $425万 | -73.2% |
来源:SEC companyfacts(每份10-Q / 10-K的XBRL)。现金流量表的季度数据由10-Q标记的年初至今累计数推算。分部拆分带有维度标记,在分部章节中单独展示。
数据来源
报表、分部营收、指标和预期均根据公司文件标准化。分部利润及全部披露项目:SEC EDGAR(XBRL)。 已读取的文件: 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30, 10-Q 2024-06-30
数据截至 2026-11-02