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ARBOR REALTY TRUST INC（ABR）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ARBOR REALTY TRUST INC的1.3倍（$179.7M vs $133.4M），Rocket Lab Corp同比增速更快（35.7% vs -12.1%），过去两年Rocket Lab Corp的营收复合增速更高（39.2% vs -8.9%）
Arbor Realty Trust Inc.是总部位于美国的专业房地产投资信托（REIT）企业，主要为多户住宅及商业地产项目提供结构性融资服务，涵盖过渡贷款、机构贷款、夹层融资等品类，服务覆盖美国各地的地产持有者、开发商及房产投资群体。
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。
ABR vs RKLB — 直观对比
营收规模更大
RKLB
是对方的1.3倍
$133.4M
营收增速更快
RKLB
高出47.8%
-12.1%
两年增速更快
RKLB
近两年复合增速
-8.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $133.4M | $179.7M |
| 净利润 | — | $-52.9M |
| 毛利率 | — | 38.0% |
| 营业利润率 | — | -28.4% |
| 净利率 | — | -29.5% |
| 营收同比 | -12.1% | 35.7% |
| 净利润同比 | — | -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ABRRKLB
| Q4 25 | $133.4M | $179.7M | ||
| Q3 25 | $112.4M | $155.1M | ||
| Q2 25 | $130.4M | $144.5M | ||
| Q1 25 | $134.2M | $122.6M | ||
| Q4 24 | $151.7M | $132.4M | ||
| Q3 24 | $156.7M | $104.8M | ||
| Q2 24 | $153.1M | $106.3M | ||
| Q1 24 | $160.7M | $92.8M |
净利润ABRRKLB
| Q4 25 | — | $-52.9M | ||
| Q3 25 | $52.0M | $-18.3M | ||
| Q2 25 | $36.3M | $-66.4M | ||
| Q1 25 | $43.4M | $-60.6M | ||
| Q4 24 | — | $-52.3M | ||
| Q3 24 | $73.5M | $-51.9M | ||
| Q2 24 | $61.8M | $-41.6M | ||
| Q1 24 | $73.2M | $-44.3M |
毛利率ABRRKLB
| Q4 25 | — | 38.0% | ||
| Q3 25 | — | 37.0% | ||
| Q2 25 | — | 32.1% | ||
| Q1 25 | — | 28.8% | ||
| Q4 24 | — | 27.8% | ||
| Q3 24 | — | 26.7% | ||
| Q2 24 | — | 25.6% | ||
| Q1 24 | — | 26.1% |
营业利润率ABRRKLB
| Q4 25 | — | -28.4% | ||
| Q3 25 | — | -38.0% | ||
| Q2 25 | — | -41.3% | ||
| Q1 25 | — | -48.3% | ||
| Q4 24 | — | -38.9% | ||
| Q3 24 | — | -49.5% | ||
| Q2 24 | — | -40.7% | ||
| Q1 24 | 46.9% | -46.4% |
净利率ABRRKLB
| Q4 25 | — | -29.5% | ||
| Q3 25 | 46.3% | -11.8% | ||
| Q2 25 | 27.8% | -46.0% | ||
| Q1 25 | 32.3% | -49.5% | ||
| Q4 24 | — | -39.5% | ||
| Q3 24 | 46.9% | -49.6% | ||
| Q2 24 | 40.4% | -39.2% | ||
| Q1 24 | 45.6% | -47.7% |
每股收益（稀释后）ABRRKLB
| Q4 25 | $0.08 | $-0.09 | ||
| Q3 25 | $0.20 | $-0.03 | ||
| Q2 25 | $0.12 | $-0.13 | ||
| Q1 25 | $0.16 | $-0.12 | ||
| Q4 24 | $0.31 | $-0.11 | ||
| Q3 24 | $0.31 | $-0.10 | ||
| Q2 24 | $0.25 | $-0.08 | ||
| Q1 24 | $0.31 | $-0.09 |
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 | $482.9M | $1.0B |
| 总债务越低越好 | $11.1B | $152.4M |
| 股东权益账面价值 | $3.0B | $1.7B |
| 总资产 | $14.5B | $2.3B |
| 负债/权益比越低杠杆越低 | 3.75× | 0.09× |
8季度趋势，按日历期对齐
现金及短期投资ABRRKLB
| Q4 25 | $482.9M | $1.0B | ||
| Q3 25 | $423.4M | $976.7M | ||
| Q2 25 | $255.7M | $688.1M | ||
| Q1 25 | $308.8M | $428.4M | ||
| Q4 24 | $503.8M | $419.0M | ||
| Q3 24 | $687.5M | $442.4M | ||
| Q2 24 | $737.5M | $496.8M | ||
| Q1 24 | $908.0M | $492.5M |
总债务ABRRKLB
| Q4 25 | $11.1B | $152.4M | ||
| Q3 25 | $10.4B | $347.0M | ||
| Q2 25 | $10.1B | $346.5M | ||
| Q1 25 | $9.9B | $345.9M | ||
| Q4 24 | $10.0B | $345.4M | ||
| Q3 24 | $10.3B | $61.2M | ||
| Q2 24 | $10.6B | $64.2M | ||
| Q1 24 | $11.4B | $66.8M |
股东权益ABRRKLB
| Q4 25 | $3.0B | $1.7B | ||
| Q3 25 | $3.0B | $1.3B | ||
| Q2 25 | $3.0B | $688.5M | ||
| Q1 25 | $3.0B | $431.3M | ||
| Q4 24 | $3.0B | $382.5M | ||
| Q3 24 | $3.0B | $419.8M | ||
| Q2 24 | $3.1B | $455.2M | ||
| Q1 24 | $3.1B | $478.9M |
总资产ABRRKLB
| Q4 25 | $14.5B | $2.3B | ||
| Q3 25 | $13.9B | $2.2B | ||
| Q2 25 | $13.6B | $1.6B | ||
| Q1 25 | $13.4B | $1.3B | ||
| Q4 24 | $13.5B | $1.2B | ||
| Q3 24 | $13.9B | $1.2B | ||
| Q2 24 | $14.2B | $1.2B | ||
| Q1 24 | $15.1B | $1.2B |
负债/权益比ABRRKLB
| Q4 25 | 3.75× | 0.09× | ||
| Q3 25 | 3.47× | 0.27× | ||
| Q2 25 | 3.40× | 0.50× | ||
| Q1 25 | 3.29× | 0.80× | ||
| Q4 24 | 3.29× | 0.90× | ||
| Q3 24 | 3.40× | 0.15× | ||
| Q2 24 | 3.47× | 0.14× | ||
| Q1 24 | 3.68× | 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 | $372.4M | $-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 | — | 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ABRRKLB
| Q4 25 | $372.4M | $-64.5M | ||
| Q3 25 | $178.7M | $-23.5M | ||
| Q2 25 | $60.0M | $-23.2M | ||
| Q1 25 | $150.5M | $-54.2M | ||
| Q4 24 | $461.5M | $-2.4M | ||
| Q3 24 | $85.0M | $-30.9M | ||
| Q2 24 | $69.9M | $-13.0M | ||
| Q1 24 | $260.0M | $-2.6M |
自由现金流ABRRKLB
| Q4 25 | — | $-114.2M | ||
| Q3 25 | — | $-69.4M | ||
| Q2 25 | — | $-55.3M | ||
| Q1 25 | — | $-82.9M | ||
| Q4 24 | — | $-23.9M | ||
| Q3 24 | — | $-41.9M | ||
| Q2 24 | — | $-28.3M | ||
| Q1 24 | — | $-21.8M |
自由现金流率ABRRKLB
| Q4 25 | — | -63.6% | ||
| Q3 25 | — | -44.8% | ||
| Q2 25 | — | -38.3% | ||
| Q1 25 | — | -67.6% | ||
| Q4 24 | — | -18.1% | ||
| Q3 24 | — | -40.0% | ||
| Q2 24 | — | -26.7% | ||
| Q1 24 | — | -23.5% |
资本支出强度ABRRKLB
| Q4 25 | — | 27.6% | ||
| Q3 25 | — | 29.6% | ||
| Q2 25 | — | 22.2% | ||
| Q1 25 | — | 23.4% | ||
| Q4 24 | — | 16.3% | ||
| Q3 24 | — | 10.5% | ||
| Q2 24 | — | 14.4% | ||
| Q1 24 | — | 20.7% |
现金转化率ABRRKLB
| Q4 25 | — | — | ||
| Q3 25 | 3.44× | — | ||
| Q2 25 | 1.65× | — | ||
| Q1 25 | 3.47× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.16× | — | ||
| Q2 24 | 1.13× | — | ||
| Q1 24 | 3.55× | — |
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
ABR
暂无分部数据
RKLB
| Products | $94.0M | 52% |
| Transferred Over Time | $87.3M | 49% |
