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American Bitcoin Corp.（ABTC）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 Bitcoin Corp.的1.5倍（$179.7M vs $118.0M），American Bitcoin Corp.同比增速更快（151.5% vs 35.7%），过去两年American Bitcoin Corp.的营收复合增速更高（296.9% vs 39.2%）
美国比特币公司专注于比特币相关业务领域。比特币是首个去中心化加密货币，由化名为中本聪的匿名人士于2008年发布白皮书后诞生，2009年随着开源代码上线正式投入使用，问世以来对全球金融与数字货币领域都产生了极为深远的影响。
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。
ABTC vs RKLB — 直观对比
营收规模更大
RKLB
是对方的1.5倍
$118.0M
营收增速更快
ABTC
高出115.8%
35.7%
两年增速更快
ABTC
近两年复合增速
39.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $118.0M | $179.7M |
| 净利润 | — | $-52.9M |
| 毛利率 | 49.1% | 38.0% |
| 营业利润率 | -192.8% | -28.4% |
| 净利率 | — | -29.5% |
| 营收同比 | 151.5% | 35.7% |
| 净利润同比 | — | -1.1% |
| 每股收益（稀释后） | $-0.07 | $-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ABTCRKLB
| Q4 25 | $118.0M | $179.7M | ||
| Q3 25 | $64.2M | $155.1M | ||
| Q2 25 | $1.4M | $144.5M | ||
| Q1 25 | $1.6M | $122.6M | ||
| Q4 24 | $46.9M | $132.4M | ||
| Q3 24 | $11.6M | $104.8M | ||
| Q2 24 | $5.5M | $106.3M | ||
| Q1 24 | $7.5M | $92.8M |
净利润ABTCRKLB
| Q4 25 | — | $-52.9M | ||
| Q3 25 | $3.5M | $-18.3M | ||
| Q2 25 | $3.4M | $-66.4M | ||
| Q1 25 | $-100.6M | $-60.6M | ||
| Q4 24 | — | $-52.3M | ||
| Q3 24 | $-576.0K | $-51.9M | ||
| Q2 24 | $-61.1M | $-41.6M | ||
| Q1 24 | $230.4M | $-44.3M |
毛利率ABTCRKLB
| Q4 25 | 49.1% | 38.0% | ||
| Q3 25 | 56.0% | 37.0% | ||
| Q2 25 | — | 32.1% | ||
| Q1 25 | — | 28.8% | ||
| Q4 24 | 57.9% | 27.8% | ||
| Q3 24 | 4.2% | 26.7% | ||
| Q2 24 | 31.0% | 25.6% | ||
| Q1 24 | 35.4% | 26.1% |
营业利润率ABTCRKLB
| Q4 25 | -192.8% | -28.4% | ||
| Q3 25 | 11.2% | -38.0% | ||
| Q2 25 | -162.1% | -41.3% | ||
| Q1 25 | -350.8% | -48.3% | ||
| Q4 24 | — | -38.9% | ||
| Q3 24 | -87.8% | -49.5% | ||
| Q2 24 | -106.4% | -40.7% | ||
| Q1 24 | -20.8% | -46.4% |
净利率ABTCRKLB
| Q4 25 | — | -29.5% | ||
| Q3 25 | 5.4% | -11.8% | ||
| Q2 25 | 249.2% | -46.0% | ||
| Q1 25 | -6458.5% | -49.5% | ||
| Q4 24 | — | -39.5% | ||
| Q3 24 | -5.0% | -49.6% | ||
| Q2 24 | -1107.2% | -39.2% | ||
| Q1 24 | 3076.2% | -47.7% |
每股收益（稀释后）ABTCRKLB
| Q4 25 | $-0.07 | $-0.09 | ||
| Q3 25 | $0.06 | $-0.03 | ||
| Q2 25 | $-0.07 | $-0.13 | ||
| Q1 25 | $-0.09 | $-0.12 | ||
| Q4 24 | $1.10 | $-0.11 | ||
| Q3 24 | $-0.15 | $-0.10 | ||
| Q2 24 | $-0.10 | $-0.08 | ||
| Q1 24 | $-0.36 | $-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 | — | $1.0B |
| 总债务越低越好 | — | $152.4M |
| 股东权益账面价值 | $665.8M | $1.7B |
| 总资产 | $1.2B | $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ABTCRKLB
| Q4 25 | — | $1.0B | ||
| Q3 25 | — | $976.7M | ||
| Q2 25 | $750.0K | $688.1M | ||
| Q1 25 | $367.0K | $428.4M | ||
| Q4 24 | $850.0K | $419.0M | ||
| Q3 24 | $478.0K | $442.4M | ||
| Q2 24 | $1.4M | $496.8M | ||
| Q1 24 | $1.9M | $492.5M |
总债务ABTCRKLB
| Q4 25 | — | $152.4M | ||
| Q3 25 | — | $347.0M | ||
| Q2 25 | — | $346.5M | ||
| Q1 25 | — | $345.9M | ||
| Q4 24 | — | $345.4M | ||
| Q3 24 | — | $61.2M | ||
| Q2 24 | — | $64.2M | ||
| Q1 24 | — | $66.8M |
股东权益ABTCRKLB
| Q4 25 | $665.8M | $1.7B | ||
| Q3 25 | $575.5M | $1.3B | ||
| Q2 25 | $339.7M | $688.5M | ||
| Q1 25 | $115.8M | $431.3M | ||
| Q4 24 | $1.0B | $382.5M | ||
| Q3 24 | $697.5M | $419.8M | ||
| Q2 24 | $614.3M | $455.2M | ||
| Q1 24 | $696.8M | $478.9M |
总资产ABTCRKLB
| Q4 25 | $1.2B | $2.3B | ||
| Q3 25 | $1.2B | $2.2B | ||
| Q2 25 | $6.2M | $1.6B | ||
| Q1 25 | $9.0M | $1.3B | ||
| Q4 24 | $1.1B | $1.2B | ||
| Q3 24 | $7.5M | $1.2B | ||
| Q2 24 | $11.4M | $1.2B | ||
| Q1 24 | $17.8M | $1.2B |
负债/权益比ABTCRKLB
| Q4 25 | — | 0.09× | ||
| Q3 25 | — | 0.27× | ||
| Q2 25 | — | 0.50× | ||
| Q1 25 | — | 0.80× | ||
| Q4 24 | — | 0.90× | ||
| Q3 24 | — | 0.15× | ||
| Q2 24 | — | 0.14× | ||
| Q1 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 | $-79.6M | $-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ABTCRKLB
| Q4 25 | $-79.6M | $-64.5M | ||
| Q3 25 | $-39.0M | $-23.5M | ||
| Q2 25 | $-879.0K | $-23.2M | ||
| Q1 25 | $-3.2M | $-54.2M | ||
| Q4 24 | $-54.0M | $-2.4M | ||
| Q3 24 | $-76.8M | $-30.9M | ||
| Q2 24 | $201.0K | $-13.0M | ||
| Q1 24 | $-983.0K | $-2.6M |
自由现金流ABTCRKLB
| Q4 25 | — | $-114.2M | ||
| Q3 25 | — | $-69.4M | ||
| Q2 25 | $-1.4M | $-55.3M | ||
| Q1 25 | — | $-82.9M | ||
| Q4 24 | $-60.6M | $-23.9M | ||
| Q3 24 | $-79.3M | $-41.9M | ||
| Q2 24 | $-874.0K | $-28.3M | ||
| Q1 24 | — | $-21.8M |
自由现金流率ABTCRKLB
| Q4 25 | — | -63.6% | ||
| Q3 25 | — | -44.8% | ||
| Q2 25 | -104.4% | -38.3% | ||
| Q1 25 | — | -67.6% | ||
| Q4 24 | -129.2% | -18.1% | ||
| Q3 24 | -683.2% | -40.0% | ||
| Q2 24 | -15.8% | -26.7% | ||
| Q1 24 | — | -23.5% |
资本支出强度ABTCRKLB
| Q4 25 | — | 27.6% | ||
| Q3 25 | — | 29.6% | ||
| Q2 25 | 40.5% | 22.2% | ||
| Q1 25 | — | 23.4% | ||
| Q4 24 | 14.1% | 16.3% | ||
| Q3 24 | 21.6% | 10.5% | ||
| Q2 24 | 19.5% | 14.4% | ||
| Q1 24 | — | 20.7% |
现金转化率ABTCRKLB
| Q4 25 | — | — | ||
| Q3 25 | -11.21× | — | ||
| Q2 25 | -0.26× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | -0.00× | — |
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
ABTC
暂无分部数据
RKLB
| Products | $94.0M | 52% |
| Transferred Over Time | $87.3M | 49% |
