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Adeia Inc.（ADEA）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
Adeia Inc.的季度营收约是Rocket Lab Corp的1.0倍（$182.6M vs $179.7M），Adeia Inc.净利率更高（40.4% vs -29.5%，领先69.8%），Adeia Inc.同比增速更快（53.3% vs 35.7%），Adeia Inc.自由现金流更多（$59.4M vs $-114.2M），过去两年Adeia Inc.的营收复合增速更高（48.0% vs 39.2%）
Adeia Inc.是一家全球化知识产权授权与创新企业，主营半导体制造、消费电子、媒体分发及智能设备领域的专利技术研发与商业化合作，与全球多家头部科技企业达成授权合作，推动相关行业技术升级。
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。
ADEA vs RKLB — 直观对比
营收规模更大
ADEA
是对方的1.0倍
$179.7M
营收增速更快
ADEA
高出17.6%
35.7%
净利率更高
ADEA
高出69.8%
-29.5%
自由现金流更多
ADEA
多$173.6M
$-114.2M
两年增速更快
ADEA
近两年复合增速
39.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $182.6M | $179.7M |
| 净利润 | $73.7M | $-52.9M |
| 毛利率 | — | 38.0% |
| 营业利润率 | 59.5% | -28.4% |
| 净利率 | 40.4% | -29.5% |
| 营收同比 | 53.3% | 35.7% |
| 净利润同比 | 104.6% | -1.1% |
| 每股收益（稀释后） | $0.66 | $-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ADEARKLB
| Q4 25 | $182.6M | $179.7M | ||
| Q3 25 | $87.3M | $155.1M | ||
| Q2 25 | $85.7M | $144.5M | ||
| Q1 25 | $87.7M | $122.6M | ||
| Q4 24 | $119.2M | $132.4M | ||
| Q3 24 | $86.1M | $104.8M | ||
| Q2 24 | $87.3M | $106.3M | ||
| Q1 24 | $83.4M | $92.8M |
净利润ADEARKLB
| Q4 25 | $73.7M | $-52.9M | ||
| Q3 25 | $8.8M | $-18.3M | ||
| Q2 25 | $16.7M | $-66.4M | ||
| Q1 25 | $11.8M | $-60.6M | ||
| Q4 24 | $36.0M | $-52.3M | ||
| Q3 24 | $19.3M | $-51.9M | ||
| Q2 24 | $8.4M | $-41.6M | ||
| Q1 24 | $899.0K | $-44.3M |
毛利率ADEARKLB
| 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ADEARKLB
| Q4 25 | 59.5% | -28.4% | ||
| Q3 25 | 30.9% | -38.0% | ||
| Q2 25 | 19.1% | -41.3% | ||
| Q1 25 | 26.0% | -48.3% | ||
| Q4 24 | 48.2% | -38.9% | ||
| Q3 24 | 32.7% | -49.5% | ||
| Q2 24 | 27.1% | -40.7% | ||
| Q1 24 | 23.2% | -46.4% |
净利率ADEARKLB
| Q4 25 | 40.4% | -29.5% | ||
| Q3 25 | 10.1% | -11.8% | ||
| Q2 25 | 19.5% | -46.0% | ||
| Q1 25 | 13.5% | -49.5% | ||
| Q4 24 | 30.2% | -39.5% | ||
| Q3 24 | 22.4% | -49.6% | ||
| Q2 24 | 9.6% | -39.2% | ||
| Q1 24 | 1.1% | -47.7% |
每股收益（稀释后）ADEARKLB
| Q4 25 | $0.66 | $-0.09 | ||
| Q3 25 | $0.08 | $-0.03 | ||
| Q2 25 | $0.15 | $-0.13 | ||
| Q1 25 | $0.10 | $-0.12 | ||
| Q4 24 | $0.32 | $-0.11 | ||
| Q3 24 | $0.17 | $-0.10 | ||
| Q2 24 | $0.07 | $-0.08 | ||
| Q1 24 | $0.01 | $-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 | $136.7M | $1.0B |
| 总债务越低越好 | $418.5M | $152.4M |
| 股东权益账面价值 | $480.5M | $1.7B |
| 总资产 | $1.0B | $2.3B |
| 负债/权益比越低杠杆越低 | 0.87× | 0.09× |
8季度趋势，按日历期对齐
现金及短期投资ADEARKLB
| Q4 25 | $136.7M | $1.0B | ||
| Q3 25 | $115.1M | $976.7M | ||
| Q2 25 | $116.5M | $688.1M | ||
| Q1 25 | $116.5M | $428.4M | ||
| Q4 24 | $110.4M | $419.0M | ||
| Q3 24 | $89.2M | $442.4M | ||
| Q2 24 | $94.5M | $496.8M | ||
| Q1 24 | $89.0M | $492.5M |
总债务ADEARKLB
| Q4 25 | $418.5M | $152.4M | ||
| Q3 25 | $438.7M | $347.0M | ||
| Q2 25 | $448.9M | $346.5M | ||
| Q1 25 | $459.2M | $345.9M | ||
| Q4 24 | $475.5M | $345.4M | ||
| Q3 24 | $524.4M | $61.2M | ||
| Q2 24 | $535.6M | $64.2M | ||
| Q1 24 | $546.3M | $66.8M |
股东权益ADEARKLB
| Q4 25 | $480.5M | $1.7B | ||
| Q3 25 | $413.7M | $1.3B | ||
| Q2 25 | $402.9M | $688.5M | ||
| Q1 25 | $389.5M | $431.3M | ||
| Q4 24 | $396.6M | $382.5M | ||
| Q3 24 | $378.2M | $419.8M | ||
| Q2 24 | $359.1M | $455.2M | ||
| Q1 24 | $350.0M | $478.9M |
总资产ADEARKLB
| Q4 25 | $1.0B | $2.3B | ||
| Q3 25 | $1.1B | $2.2B | ||
| Q2 25 | $1.1B | $1.6B | ||
| Q1 25 | $1.1B | $1.3B | ||
| Q4 24 | $1.1B | $1.2B | ||
| Q3 24 | $1.1B | $1.2B | ||
| Q2 24 | $1.1B | $1.2B | ||
| Q1 24 | $1.1B | $1.2B |
负债/权益比ADEARKLB
| Q4 25 | 0.87× | 0.09× | ||
| Q3 25 | 1.06× | 0.27× | ||
| Q2 25 | 1.11× | 0.50× | ||
| Q1 25 | 1.18× | 0.80× | ||
| Q4 24 | 1.20× | 0.90× | ||
| Q3 24 | 1.39× | 0.15× | ||
| Q2 24 | 1.49× | 0.14× | ||
| Q1 24 | 1.56× | 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 | $60.0M | $-64.5M |
| 自由现金流经营现金流 - 资本支出 | $59.4M | $-114.2M |
| 自由现金流率自由现金流/营收 | 32.5% | -63.6% |
| 资本支出强度资本支出/营收 | 0.3% | 27.6% |
| 现金转化率经营现金流/净利润 | 0.81× | — |
| 过去12个月自由现金流最近4个季度 | $156.3M | $-321.8M |
8季度趋势，按日历期对齐
经营现金流ADEARKLB
| Q4 25 | $60.0M | $-64.5M | ||
| Q3 25 | $17.8M | $-23.5M | ||
| Q2 25 | $23.1M | $-23.2M | ||
| Q1 25 | $57.1M | $-54.2M | ||
| Q4 24 | $107.5M | $-2.4M | ||
| Q3 24 | $14.3M | $-30.9M | ||
| Q2 24 | $23.5M | $-13.0M | ||
| Q1 24 | $67.2M | $-2.6M |
自由现金流ADEARKLB
| Q4 25 | $59.4M | $-114.2M | ||
| Q3 25 | $17.0M | $-69.4M | ||
| Q2 25 | $22.9M | $-55.3M | ||
| Q1 25 | $56.9M | $-82.9M | ||
| Q4 24 | $106.9M | $-23.9M | ||
| Q3 24 | $14.3M | $-41.9M | ||
| Q2 24 | $23.0M | $-28.3M | ||
| Q1 24 | $66.4M | $-21.8M |
自由现金流率ADEARKLB
| Q4 25 | 32.5% | -63.6% | ||
| Q3 25 | 19.5% | -44.8% | ||
| Q2 25 | 26.7% | -38.3% | ||
| Q1 25 | 64.9% | -67.6% | ||
| Q4 24 | 89.7% | -18.1% | ||
| Q3 24 | 16.6% | -40.0% | ||
| Q2 24 | 26.4% | -26.7% | ||
| Q1 24 | 79.7% | -23.5% |
资本支出强度ADEARKLB
| Q4 25 | 0.3% | 27.6% | ||
| Q3 25 | 0.9% | 29.6% | ||
| Q2 25 | 0.2% | 22.2% | ||
| Q1 25 | 0.3% | 23.4% | ||
| Q4 24 | 0.5% | 16.3% | ||
| Q3 24 | 0.1% | 10.5% | ||
| Q2 24 | 0.5% | 14.4% | ||
| Q1 24 | 1.0% | 20.7% |
现金转化率ADEARKLB
| Q4 25 | 0.81× | — | ||
| Q3 25 | 2.02× | — | ||
| Q2 25 | 1.38× | — | ||
| Q1 25 | 4.84× | — | ||
| Q4 24 | 2.98× | — | ||
| Q3 24 | 0.74× | — | ||
| Q2 24 | 2.80× | — | ||
| Q1 24 | 74.78× | — |
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
ADEA
| Media Platform | $172.9M | 95% |
| Semiconductor | $9.7M | 5% |
RKLB
| Products | $94.0M | 52% |
| Transferred Over Time | $87.3M | 49% |
