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美国铝业公司（AA）与Rocket Companies, Inc.（RKT）财务数据对比。点击上方公司名可切换其他公司
美国铝业公司的季度营收约是Rocket Companies, Inc.的1.3倍（$3.4B vs $2.7B），美国铝业公司净利率更高（6.2% vs 2.5%，领先3.6%），Rocket Companies, Inc.同比增速更快（52.2% vs -1.1%），美国铝业公司自由现金流更多（$294.0M vs $-1.3B），过去两年Rocket Companies, Inc.的营收复合增速更高（39.5% vs 15.2%）
美国铝业公司是美国大型工业企业，为全球规模领先的铝生产商之一，业务布局覆盖10个国家，涵盖铝土矿开采、氧化铝精炼、原铝冶炼、铝制品加工及铝回收利用全产业链，产品广泛应用于全球各工业领域。
Rocket Companies, Inc.是美国金融科技及住房服务企业，由丹·吉尔伯特创立，总部位于密歇根州底特律市中心。公司依托旗舰子公司Rocket Mortgage跻身美国最大抵押贷款提供商行列，旗下还拥有Redfin、Forsalebyowner.com、Rocket Money等子品牌。
AA vs RKT — 直观对比
营收规模更大
AA
是对方的1.3倍
$2.7B
营收增速更快
RKT
高出53.2%
-1.1%
净利率更高
AA
高出3.6%
2.5%
自由现金流更多
AA
多$1.6B
$-1.3B
两年增速更快
RKT
近两年复合增速
15.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.4B | $2.7B |
| 净利润 | $213.0M | $68.0M |
| 毛利率 | — | — |
| 营业利润率 | 2.0% | 6.3% |
| 净利率 | 6.2% | 2.5% |
| 营收同比 | -1.1% | 52.2% |
| 净利润同比 | 5.4% | 100.8% |
| 每股收益（稀释后） | $0.80 | $0.10 |
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AARKT
| Q4 25 | $3.4B | $2.7B | ||
| Q3 25 | $3.0B | $1.6B | ||
| Q2 25 | $3.0B | $1.4B | ||
| Q1 25 | $3.4B | $1.0B | ||
| Q4 24 | $3.5B | $1.8B | ||
| Q3 24 | $2.9B | $646.9M | ||
| Q2 24 | $2.9B | $1.3B | ||
| Q1 24 | $2.6B | $1.4B |
净利润AARKT
| Q4 25 | $213.0M | $68.0M | ||
| Q3 25 | $232.0M | $-123.9M | ||
| Q2 25 | $164.0M | $-1.8M | ||
| Q1 25 | $548.0M | $-10.4M | ||
| Q4 24 | $202.0M | $33.9M | ||
| Q3 24 | $90.0M | $-22.0M | ||
| Q2 24 | $20.0M | $1.3M | ||
| Q1 24 | $-252.0M | $16.2M |
毛利率AARKT
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 58.9% | ||
| Q3 24 | — | -8.4% | ||
| Q2 24 | — | 47.4% | ||
| Q1 24 | — | 51.2% |
营业利润率AARKT
| Q4 25 | 2.0% | 6.3% | ||
| Q3 25 | 5.6% | -11.5% | ||
| Q2 25 | 5.3% | 1.8% | ||
| Q1 25 | 19.8% | -21.5% | ||
| Q4 24 | 9.7% | 38.1% | ||
| Q3 24 | 6.3% | -76.9% | ||
| Q2 24 | 3.2% | 14.8% | ||
| Q1 24 | -12.5% | 21.6% |
净利率AARKT
| Q4 25 | 6.2% | 2.5% | ||
| Q3 25 | 7.7% | -7.7% | ||
| Q2 25 | 5.4% | -0.1% | ||
| Q1 25 | 16.3% | -1.0% | ||
| Q4 24 | 5.8% | 1.9% | ||
| Q3 24 | 3.1% | -3.4% | ||
| Q2 24 | 0.7% | 0.1% | ||
| Q1 24 | -9.7% | 1.2% |
每股收益（稀释后）AARKT
| Q4 25 | $0.80 | $0.10 | ||
| Q3 25 | $0.88 | $-0.06 | ||
| Q2 25 | $0.62 | $-0.01 | ||
| Q1 25 | $2.07 | $-0.08 | ||
| Q4 24 | $1.18 | $0.28 | ||
| Q3 24 | $0.38 | $-0.19 | ||
| Q2 24 | $0.11 | $0.01 | ||
| Q1 24 | $-1.41 | $0.11 |
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 | $1.6B | $2.7B |
| 总债务越低越好 | $2.4B | — |
| 股东权益账面价值 | $6.1B | $22.9B |
| 总资产 | $16.1B | $60.7B |
| 负债/权益比越低杠杆越低 | 0.40× | — |
8季度趋势，按日历期对齐
现金及短期投资AARKT
| Q4 25 | $1.6B | $2.7B | ||
| Q3 25 | $1.5B | $5.8B | ||
| Q2 25 | $1.5B | $5.1B | ||
| Q1 25 | $1.2B | $1.4B | ||
| Q4 24 | $1.1B | $1.3B | ||
| Q3 24 | $1.3B | $1.2B | ||
| Q2 24 | $1.4B | $1.3B | ||
| Q1 24 | $1.4B | $861.4M |
总债务AARKT
| Q4 25 | $2.4B | — | ||
| Q3 25 | $2.6B | — | ||
| Q2 25 | $2.6B | — | ||
| Q1 25 | $2.6B | — | ||
| Q4 24 | $2.5B | — | ||
| Q3 24 | $2.5B | — | ||
| Q2 24 | $2.5B | — | ||
| Q1 24 | $2.5B | — |
股东权益AARKT
| Q4 25 | $6.1B | $22.9B | ||
| Q3 25 | $6.3B | $8.9B | ||
| Q2 25 | $6.1B | $7.4B | ||
| Q1 25 | $5.8B | $8.6B | ||
| Q4 24 | $5.2B | $9.0B | ||
| Q3 24 | $5.3B | $8.4B | ||
| Q2 24 | $3.9B | $8.8B | ||
| Q1 24 | $4.0B | $8.6B |
总资产AARKT
| Q4 25 | $16.1B | $60.7B | ||
| Q3 25 | $16.0B | $33.6B | ||
| Q2 25 | $15.0B | $30.4B | ||
| Q1 25 | $14.6B | $25.3B | ||
| Q4 24 | $14.1B | $24.5B | ||
| Q3 24 | $14.5B | $25.1B | ||
| Q2 24 | $14.3B | $23.6B | ||
| Q1 24 | $14.3B | $22.2B |
负债/权益比AARKT
| Q4 25 | 0.40× | — | ||
| Q3 25 | 0.41× | — | ||
| Q2 25 | 0.42× | — | ||
| Q1 25 | 0.44× | — | ||
| Q4 24 | 0.48× | — | ||
| Q3 24 | 0.47× | — | ||
| Q2 24 | 0.63× | — | ||
| Q1 24 | 0.62× | — |
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 | $537.0M | $-1.2B |
| 自由现金流经营现金流 - 资本支出 | $294.0M | $-1.3B |
| 自由现金流率自由现金流/营收 | 8.5% | -47.2% |
| 资本支出强度资本支出/营收 | 7.0% | 1.5% |
| 现金转化率经营现金流/净利润 | 2.52× | -18.08× |
| 过去12个月自由现金流最近4个季度 | $567.0M | $-4.0B |
8季度趋势，按日历期对齐
经营现金流AARKT
| Q4 25 | $537.0M | $-1.2B | ||
| Q3 25 | $85.0M | $-50.3M | ||
| Q2 25 | $488.0M | $-1.9B | ||
| Q1 25 | $75.0M | $-797.0M | ||
| Q4 24 | $415.0M | $1.8B | ||
| Q3 24 | $143.0M | $-1.3B | ||
| Q2 24 | $287.0M | $-122.3M | ||
| Q1 24 | $-223.0M | $-3.0B |
自由现金流AARKT
| Q4 25 | $294.0M | $-1.3B | ||
| Q3 25 | $-66.0M | $-71.8M | ||
| Q2 25 | $357.0M | $-1.9B | ||
| Q1 25 | $-18.0M | $-811.0M | ||
| Q4 24 | $246.0M | $1.8B | ||
| Q3 24 | $-3.0M | $-1.4B | ||
| Q2 24 | $123.0M | $-138.3M | ||
| Q1 24 | $-324.0M | $-3.0B |
自由现金流率AARKT
| Q4 25 | 8.5% | -47.2% | ||
| Q3 25 | -2.2% | -4.5% | ||
| Q2 25 | 11.8% | -137.2% | ||
| Q1 25 | -0.5% | -78.2% | ||
| Q4 24 | 7.1% | 103.1% | ||
| Q3 24 | -0.1% | -209.6% | ||
| Q2 24 | 4.2% | -10.6% | ||
| Q1 24 | -12.5% | -218.7% |
资本支出强度AARKT
| Q4 25 | 7.0% | 1.5% | ||
| Q3 25 | 5.0% | 1.3% | ||
| Q2 25 | 4.3% | 1.1% | ||
| Q1 25 | 2.8% | 1.4% | ||
| Q4 24 | 4.8% | 1.1% | ||
| Q3 24 | 5.0% | 2.9% | ||
| Q2 24 | 5.6% | 1.2% | ||
| Q1 24 | 3.9% | 1.0% |
现金转化率AARKT
| Q4 25 | 2.52× | -18.08× | ||
| Q3 25 | 0.37× | — | ||
| Q2 25 | 2.98× | — | ||
| Q1 25 | 0.14× | — | ||
| Q4 24 | 2.05× | 54.42× | ||
| Q3 24 | 1.59× | — | ||
| Q2 24 | 14.35× | -94.46× | ||
| Q1 24 | — | -185.80× |
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
AA
| Aluminum | $2.5B | 72% |
| Third Party Sales | $979.0M | 28% |
RKT
| Other | $1.4B | 51% |
| Direct To Customer Segment | $945.8M | 35% |
| Partner Network Segment | $216.7M | 8% |
| Subscription Revenue | $91.3M | 3% |
| Closing Fees | $47.1M | 2% |
| Appraisal Revenue | $10.7M | 0% |
