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American Assets Trust, Inc.（AAT）与Rocket Lab Corp（RKLB）财务数据对比。点击上方公司名可切换其他公司
Rocket Lab Corp的季度营收约是American Assets Trust, Inc.的1.6倍（$179.7M vs $110.6M），American Assets Trust, Inc.净利率更高（6.1% vs -29.5%，领先35.6%），Rocket Lab Corp同比增速更快（35.7% vs 1.8%），过去两年Rocket Lab Corp的营收复合增速更高（39.2% vs -0.1%）
该公司是一家大型英国投资信托，在伦敦证券交易所上市，同时是富时250指数的成分股，现任董事长为获颁CBE勋章的伊恩·弗格森。
Rocket Lab是公开上市的航空航天制造商及发射服务提供商，旗下Electron轨道火箭主打小型卫星发射，截至2026年1月已成功完成超75次任务，是全球现役发射次数最多的小型运载火箭。公司还开发了Electron的亚轨道改型HASTE用作高超音速技术测试平台，下一代可复用中型运载火箭Neutron目前也在研发中。
AAT vs RKLB — 直观对比
营收规模更大
RKLB
是对方的1.6倍
$110.6M
营收增速更快
RKLB
高出33.9%
1.8%
净利率更高
AAT
高出35.6%
-29.5%
两年增速更快
RKLB
近两年复合增速
-0.1%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $110.6M | $179.7M |
| 净利润 | $6.7M | $-52.9M |
| 毛利率 | — | 38.0% |
| 营业利润率 | 23.4% | -28.4% |
| 净利率 | 6.1% | -29.5% |
| 营收同比 | 1.8% | 35.7% |
| 净利润同比 | -16.3% | -1.1% |
| 每股收益（稀释后） | $0.08 | $-0.09 |
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AATRKLB
| Q1 26 | $110.6M | — | ||
| Q4 25 | $110.1M | $179.7M | ||
| Q3 25 | $109.6M | $155.1M | ||
| Q2 25 | $107.9M | $144.5M | ||
| Q1 25 | $108.6M | $122.6M | ||
| Q4 24 | $113.5M | $132.4M | ||
| Q3 24 | $122.8M | $104.8M | ||
| Q2 24 | $110.9M | $106.3M |
净利润AATRKLB
| Q1 26 | $6.7M | — | ||
| Q4 25 | — | $-52.9M | ||
| Q3 25 | $4.5M | $-18.3M | ||
| Q2 25 | $5.5M | $-66.4M | ||
| Q1 25 | $42.5M | $-60.6M | ||
| Q4 24 | — | $-52.3M | ||
| Q3 24 | $16.7M | $-51.9M | ||
| Q2 24 | $11.9M | $-41.6M |
毛利率AATRKLB
| Q1 26 | — | — | ||
| Q4 25 | 59.4% | 38.0% | ||
| Q3 25 | 60.5% | 37.0% | ||
| Q2 25 | 62.6% | 32.1% | ||
| Q1 25 | 62.0% | 28.8% | ||
| Q4 24 | 61.3% | 27.8% | ||
| Q3 24 | 65.5% | 26.7% | ||
| Q2 24 | 63.6% | 25.6% |
营业利润率AATRKLB
| Q1 26 | 23.4% | — | ||
| Q4 25 | 21.1% | -28.4% | ||
| Q3 25 | 22.6% | -38.0% | ||
| Q2 25 | 24.1% | -41.3% | ||
| Q1 25 | 66.3% | -48.3% | ||
| Q4 24 | 26.5% | -38.9% | ||
| Q3 24 | 30.8% | -49.5% | ||
| Q2 24 | 27.8% | -40.7% |
净利率AATRKLB
| Q1 26 | 6.1% | — | ||
| Q4 25 | — | -29.5% | ||
| Q3 25 | 4.1% | -11.8% | ||
| Q2 25 | 5.1% | -46.0% | ||
| Q1 25 | 39.2% | -49.5% | ||
| Q4 24 | — | -39.5% | ||
| Q3 24 | 13.6% | -49.6% | ||
| Q2 24 | 10.7% | -39.2% |
每股收益（稀释后）AATRKLB
| Q1 26 | $0.08 | — | ||
| Q4 25 | $0.06 | $-0.09 | ||
| Q3 25 | $0.07 | $-0.03 | ||
| Q2 25 | $0.09 | $-0.13 | ||
| Q1 25 | $0.70 | $-0.12 | ||
| Q4 24 | $0.14 | $-0.11 | ||
| Q3 24 | $0.28 | $-0.10 | ||
| Q2 24 | $0.20 | $-0.08 |
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 | $118.3M | $1.0B |
| 总债务越低越好 | — | $152.4M |
| 股东权益账面价值 | $1.1B | $1.7B |
| 总资产 | $2.9B | $2.3B |
| 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AATRKLB
| Q1 26 | $118.3M | — | ||
| Q4 25 | $129.4M | $1.0B | ||
| Q3 25 | $138.7M | $976.7M | ||
| Q2 25 | $143.7M | $688.1M | ||
| Q1 25 | $143.9M | $428.4M | ||
| Q4 24 | $425.7M | $419.0M | ||
| Q3 24 | $533.0M | $442.4M | ||
| Q2 24 | $114.9M | $496.8M |
总债务AATRKLB
| Q1 26 | — | — | ||
| Q4 25 | $1.7B | $152.4M | ||
| Q3 25 | — | $347.0M | ||
| Q2 25 | — | $346.5M | ||
| Q1 25 | — | $345.9M | ||
| Q4 24 | $2.0B | $345.4M | ||
| Q3 24 | — | $61.2M | ||
| Q2 24 | — | $64.2M |
股东权益AATRKLB
| Q1 26 | $1.1B | — | ||
| Q4 25 | $1.2B | $1.7B | ||
| Q3 25 | $1.2B | $1.3B | ||
| Q2 25 | $1.2B | $688.5M | ||
| Q1 25 | $1.2B | $431.3M | ||
| Q4 24 | $1.2B | $382.5M | ||
| Q3 24 | $1.2B | $419.8M | ||
| Q2 24 | $1.2B | $455.2M |
总资产AATRKLB
| Q1 26 | $2.9B | — | ||
| Q4 25 | $2.9B | $2.3B | ||
| Q3 25 | $2.9B | $2.2B | ||
| Q2 25 | $3.0B | $1.6B | ||
| Q1 25 | $3.0B | $1.3B | ||
| Q4 24 | $3.3B | $1.2B | ||
| Q3 24 | $3.4B | $1.2B | ||
| Q2 24 | $3.0B | $1.2B |
负债/权益比AATRKLB
| Q1 26 | — | — | ||
| Q4 25 | 1.48× | 0.09× | ||
| Q3 25 | — | 0.27× | ||
| Q2 25 | — | 0.50× | ||
| Q1 25 | — | 0.80× | ||
| Q4 24 | 1.72× | 0.90× | ||
| Q3 24 | — | 0.15× | ||
| Q2 24 | — | 0.14× |
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 | — | $-64.5M |
| 自由现金流经营现金流 - 资本支出 | — | $-114.2M |
| 自由现金流率自由现金流/营收 | — | -63.6% |
| 资本支出强度资本支出/营收 | 14.5% | 27.6% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | — | $-321.8M |
8季度趋势，按日历期对齐
经营现金流AATRKLB
| Q1 26 | — | — | ||
| Q4 25 | $167.1M | $-64.5M | ||
| Q3 25 | $40.5M | $-23.5M | ||
| Q2 25 | $49.2M | $-23.2M | ||
| Q1 25 | $36.9M | $-54.2M | ||
| Q4 24 | $207.1M | $-2.4M | ||
| Q3 24 | $52.4M | $-30.9M | ||
| Q2 24 | $59.3M | $-13.0M |
自由现金流AATRKLB
| Q1 26 | — | — | ||
| Q4 25 | $94.9M | $-114.2M | ||
| Q3 25 | $23.1M | $-69.4M | ||
| Q2 25 | $28.4M | $-55.3M | ||
| Q1 25 | $20.4M | $-82.9M | ||
| Q4 24 | $136.9M | $-23.9M | ||
| Q3 24 | $28.0M | $-41.9M | ||
| Q2 24 | $43.6M | $-28.3M |
自由现金流率AATRKLB
| Q1 26 | — | — | ||
| Q4 25 | 86.2% | -63.6% | ||
| Q3 25 | 21.1% | -44.8% | ||
| Q2 25 | 26.3% | -38.3% | ||
| Q1 25 | 18.8% | -67.6% | ||
| Q4 24 | 120.7% | -18.1% | ||
| Q3 24 | 22.8% | -40.0% | ||
| Q2 24 | 39.3% | -26.7% |
资本支出强度AATRKLB
| Q1 26 | 14.5% | — | ||
| Q4 25 | 65.6% | 27.6% | ||
| Q3 25 | 15.9% | 29.6% | ||
| Q2 25 | 19.3% | 22.2% | ||
| Q1 25 | 15.1% | 23.4% | ||
| Q4 24 | 61.9% | 16.3% | ||
| Q3 24 | 19.9% | 10.5% | ||
| Q2 24 | 14.1% | 14.4% |
现金转化率AATRKLB
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 8.98× | — | ||
| Q2 25 | 9.01× | — | ||
| Q1 25 | 0.87× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 3.15× | — | ||
| Q2 24 | 4.98× | — |
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
AAT
| Rental income | $104.4M | 94% |
| Other | $6.2M | 6% |
RKLB
| Products | $94.0M | 52% |
| Transferred Over Time | $87.3M | 49% |
