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传奇娱乐（ACEL）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
传奇娱乐的季度营收约是Rocket Lab Corp的1.9倍（$341.4M vs $179.7M），传奇娱乐净利率更高（4.7% vs -29.5%，领先34.2%），Rocket Lab Corp同比增速更快（35.7% vs 7.5%），传奇娱乐自由现金流更多（$16.0M vs $-114.2M），过去两年Rocket Lab Corp的营收复合增速更高（39.2% vs 6.4%）
传奇娱乐是一家美国大众传媒与电影制作公司，总部位于加利福尼亚州伯班克，由托马斯·图尔于2000年创立。该公司长期与华纳兄弟影业、环球影业、索尼影视、派拉蒙影业等主流制片厂，以及网飞、葫芦等流媒体平台展开合作。
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。
ACEL vs RKLB — 直观对比
营收规模更大
ACEL
是对方的1.9倍
$179.7M
营收增速更快
RKLB
高出28.2%
7.5%
净利率更高
ACEL
高出34.2%
-29.5%
自由现金流更多
ACEL
多$130.2M
$-114.2M
两年增速更快
RKLB
近两年复合增速
6.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $341.4M | $179.7M |
| 净利润 | $16.2M | $-52.9M |
| 毛利率 | — | 38.0% |
| 营业利润率 | 8.7% | -28.4% |
| 净利率 | 4.7% | -29.5% |
| 营收同比 | 7.5% | 35.7% |
| 净利润同比 | 93.3% | -1.1% |
| 每股收益（稀释后） | $0.19 | $-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ACELRKLB
| Q4 25 | $341.4M | $179.7M | ||
| Q3 25 | $329.7M | $155.1M | ||
| Q2 25 | $335.9M | $144.5M | ||
| Q1 25 | $323.9M | $122.6M | ||
| Q4 24 | $317.5M | $132.4M | ||
| Q3 24 | $302.2M | $104.8M | ||
| Q2 24 | $309.4M | $106.3M | ||
| Q1 24 | $301.8M | $92.8M |
净利润ACELRKLB
| Q4 25 | $16.2M | $-52.9M | ||
| Q3 25 | $13.4M | $-18.3M | ||
| Q2 25 | $7.3M | $-66.4M | ||
| Q1 25 | $14.6M | $-60.6M | ||
| Q4 24 | $8.4M | $-52.3M | ||
| Q3 24 | $4.9M | $-51.9M | ||
| Q2 24 | $14.6M | $-41.6M | ||
| Q1 24 | $7.4M | $-44.3M |
毛利率ACELRKLB
| 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ACELRKLB
| Q4 25 | 8.7% | -28.4% | ||
| Q3 25 | 7.7% | -38.0% | ||
| Q2 25 | 8.0% | -41.3% | ||
| Q1 25 | 8.0% | -48.3% | ||
| Q4 24 | 6.5% | -38.9% | ||
| Q3 24 | 7.2% | -49.5% | ||
| Q2 24 | 7.3% | -40.7% | ||
| Q1 24 | 8.5% | -46.4% |
净利率ACELRKLB
| Q4 25 | 4.7% | -29.5% | ||
| Q3 25 | 4.1% | -11.8% | ||
| Q2 25 | 2.2% | -46.0% | ||
| Q1 25 | 4.5% | -49.5% | ||
| Q4 24 | 2.6% | -39.5% | ||
| Q3 24 | 1.6% | -49.6% | ||
| Q2 24 | 4.7% | -39.2% | ||
| Q1 24 | 2.5% | -47.7% |
每股收益（稀释后）ACELRKLB
| Q4 25 | $0.19 | $-0.09 | ||
| Q3 25 | $0.16 | $-0.03 | ||
| Q2 25 | $0.08 | $-0.13 | ||
| Q1 25 | $0.17 | $-0.12 | ||
| Q4 24 | $0.09 | $-0.11 | ||
| Q3 24 | $0.06 | $-0.10 | ||
| Q2 24 | $0.17 | $-0.08 | ||
| Q1 24 | $0.09 | $-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 | $296.6M | $1.0B |
| 总债务越低越好 | $607.4M | $152.4M |
| 股东权益账面价值 | $269.7M | $1.7B |
| 总资产 | $1.1B | $2.3B |
| 负债/权益比越低杠杆越低 | 2.25× | 0.09× |
8季度趋势，按日历期对齐
现金及短期投资ACELRKLB
| Q4 25 | $296.6M | $1.0B | ||
| Q3 25 | $290.2M | $976.7M | ||
| Q2 25 | $264.6M | $688.1M | ||
| Q1 25 | $271.9M | $428.4M | ||
| Q4 24 | $281.3M | $419.0M | ||
| Q3 24 | $265.1M | $442.4M | ||
| Q2 24 | $254.9M | $496.8M | ||
| Q1 24 | $253.9M | $492.5M |
总债务ACELRKLB
| Q4 25 | $607.4M | $152.4M | ||
| Q3 25 | $595.4M | $347.0M | ||
| Q2 25 | $595.5M | $346.5M | ||
| Q1 25 | $580.7M | $345.9M | ||
| Q4 24 | $595.4M | $345.4M | ||
| Q3 24 | $554.1M | $61.2M | ||
| Q2 24 | $565.7M | $64.2M | ||
| Q1 24 | $539.9M | $66.8M |
股东权益ACELRKLB
| Q4 25 | $269.7M | $1.7B | ||
| Q3 25 | $267.1M | $1.3B | ||
| Q2 25 | $260.5M | $688.5M | ||
| Q1 25 | $259.1M | $431.3M | ||
| Q4 24 | $255.0M | $382.5M | ||
| Q3 24 | $206.7M | $419.8M | ||
| Q2 24 | $209.1M | $455.2M | ||
| Q1 24 | $202.1M | $478.9M |
总资产ACELRKLB
| Q4 25 | $1.1B | $2.3B | ||
| Q3 25 | $1.1B | $2.2B | ||
| Q2 25 | $1.1B | $1.6B | ||
| Q1 25 | $1.0B | $1.3B | ||
| Q4 24 | $1.0B | $1.2B | ||
| Q3 24 | $950.2M | $1.2B | ||
| Q2 24 | $950.3M | $1.2B | ||
| Q1 24 | $919.1M | $1.2B |
负债/权益比ACELRKLB
| Q4 25 | 2.25× | 0.09× | ||
| Q3 25 | 2.23× | 0.27× | ||
| Q2 25 | 2.29× | 0.50× | ||
| Q1 25 | 2.24× | 0.80× | ||
| Q4 24 | 2.33× | 0.90× | ||
| Q3 24 | 2.68× | 0.15× | ||
| Q2 24 | 2.71× | 0.14× | ||
| Q1 24 | 2.67× | 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 | $31.1M | $-64.5M |
| 自由现金流经营现金流 - 资本支出 | $16.0M | $-114.2M |
| 自由现金流率自由现金流/营收 | 4.7% | -63.6% |
| 资本支出强度资本支出/营收 | 4.4% | 27.6% |
| 现金转化率经营现金流/净利润 | 1.92× | — |
| 过去12个月自由现金流最近4个季度 | $62.0M | $-321.8M |
8季度趋势，按日历期对齐
经营现金流ACELRKLB
| Q4 25 | $31.1M | $-64.5M | ||
| Q3 25 | $55.2M | $-23.5M | ||
| Q2 25 | $19.8M | $-23.2M | ||
| Q1 25 | $44.8M | $-54.2M | ||
| Q4 24 | $13.5M | $-2.4M | ||
| Q3 24 | $50.1M | $-30.9M | ||
| Q2 24 | $28.9M | $-13.0M | ||
| Q1 24 | $28.8M | $-2.6M |
自由现金流ACELRKLB
| Q4 25 | $16.0M | $-114.2M | ||
| Q3 25 | $34.2M | $-69.4M | ||
| Q2 25 | $-6.2M | $-55.3M | ||
| Q1 25 | $18.0M | $-82.9M | ||
| Q4 24 | $2.1M | $-23.9M | ||
| Q3 24 | $33.1M | $-41.9M | ||
| Q2 24 | $11.4M | $-28.3M | ||
| Q1 24 | $8.1M | $-21.8M |
自由现金流率ACELRKLB
| Q4 25 | 4.7% | -63.6% | ||
| Q3 25 | 10.4% | -44.8% | ||
| Q2 25 | -1.9% | -38.3% | ||
| Q1 25 | 5.6% | -67.6% | ||
| Q4 24 | 0.7% | -18.1% | ||
| Q3 24 | 11.0% | -40.0% | ||
| Q2 24 | 3.7% | -26.7% | ||
| Q1 24 | 2.7% | -23.5% |
资本支出强度ACELRKLB
| Q4 25 | 4.4% | 27.6% | ||
| Q3 25 | 6.4% | 29.6% | ||
| Q2 25 | 7.8% | 22.2% | ||
| Q1 25 | 8.3% | 23.4% | ||
| Q4 24 | 3.6% | 16.3% | ||
| Q3 24 | 5.6% | 10.5% | ||
| Q2 24 | 5.7% | 14.4% | ||
| Q1 24 | 6.8% | 20.7% |
现金转化率ACELRKLB
| Q4 25 | 1.92× | — | ||
| Q3 25 | 4.13× | — | ||
| Q2 25 | 2.71× | — | ||
| Q1 25 | 3.06× | — | ||
| Q4 24 | 1.62× | — | ||
| Q3 24 | 10.23× | — | ||
| Q2 24 | 1.98× | — | ||
| Q1 24 | 3.88× | — |
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
ACEL
| Video Gaming | $319.1M | 93% |
| ATM Fees And Other Revenue | $13.5M | 4% |
| Amusement | $5.3M | 2% |
| Manufacturing | $3.6M | 1% |
RKLB
| Products | $94.0M | 52% |
| Transferred Over Time | $87.3M | 49% |
