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FEDERAL AGRICULTURAL MORTGAGE CORP（AGM）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FEDERAL AGRICULTURAL MORTGAGE CORP的1.7倍（$179.7M vs $107.5M），Rocket Lab Corp同比增速更快（35.7% vs 6.1%），过去两年Rocket Lab Corp的营收复合增速更高（39.2% vs 7.1%）
联邦农业抵押贷款公司（又称Farmer Mac）是由美国国会1988年依据《1987年农业信贷法案》设立、由股东持股的联邦特许企业，核心业务是搭建农业不动产及住房抵押贷款的二级市场，提升农业领域的信贷流动性，为农户、牧场主及乡村社区提供长期稳定的信贷支持。
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。
AGM vs RKLB — 直观对比
营收规模更大
RKLB
是对方的1.7倍
$107.5M
营收增速更快
RKLB
高出29.6%
6.1%
两年增速更快
RKLB
近两年复合增速
7.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $107.5M | $179.7M |
| 净利润 | — | $-52.9M |
| 毛利率 | — | 38.0% |
| 营业利润率 | 56.3% | -28.4% |
| 净利率 | — | -29.5% |
| 营收同比 | 6.1% | 35.7% |
| 净利润同比 | — | -1.1% |
| 每股收益（稀释后） | $3.69 | $-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AGMRKLB
| Q4 25 | $107.5M | $179.7M | ||
| Q3 25 | $104.0M | $155.1M | ||
| Q2 25 | $102.6M | $144.5M | ||
| Q1 25 | $94.3M | $122.6M | ||
| Q4 24 | $101.3M | $132.4M | ||
| Q3 24 | $90.3M | $104.8M | ||
| Q2 24 | $89.9M | $106.3M | ||
| Q1 24 | $93.7M | $92.8M |
净利润AGMRKLB
| Q4 25 | — | $-52.9M | ||
| Q3 25 | $55.0M | $-18.3M | ||
| Q2 25 | $54.8M | $-66.4M | ||
| Q1 25 | $49.7M | $-60.6M | ||
| Q4 24 | $56.5M | $-52.3M | ||
| Q3 24 | $49.8M | $-51.9M | ||
| Q2 24 | $47.1M | $-41.6M | ||
| Q1 24 | $53.7M | $-44.3M |
毛利率AGMRKLB
| 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AGMRKLB
| Q4 25 | 56.3% | -28.4% | ||
| Q3 25 | 64.1% | -38.0% | ||
| Q2 25 | 63.8% | -41.3% | ||
| Q1 25 | 66.9% | -48.3% | ||
| Q4 24 | 67.5% | -38.9% | ||
| Q3 24 | 69.0% | -49.5% | ||
| Q2 24 | 65.9% | -40.7% | ||
| Q1 24 | 72.8% | -46.4% |
净利率AGMRKLB
| Q4 25 | — | -29.5% | ||
| Q3 25 | 52.9% | -11.8% | ||
| Q2 25 | 53.4% | -46.0% | ||
| Q1 25 | 52.6% | -49.5% | ||
| Q4 24 | 55.8% | -39.5% | ||
| Q3 24 | 55.2% | -49.6% | ||
| Q2 24 | 52.4% | -39.2% | ||
| Q1 24 | 57.4% | -47.7% |
每股收益（稀释后）AGMRKLB
| Q4 25 | $3.69 | $-0.09 | ||
| Q3 25 | $4.44 | $-0.03 | ||
| Q2 25 | $4.48 | $-0.13 | ||
| Q1 25 | $4.01 | $-0.12 | ||
| Q4 24 | $4.62 | $-0.11 | ||
| Q3 24 | $3.86 | $-0.10 | ||
| Q2 24 | $3.68 | $-0.08 | ||
| Q1 24 | $4.28 | $-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 | $30.8B | $152.4M |
| 股东权益账面价值 | $1.7B | $1.7B |
| 总资产 | $35.4B | $2.3B |
| 负债/权益比越低杠杆越低 | 17.93× | 0.09× |
8季度趋势，按日历期对齐
现金及短期投资AGMRKLB
| Q4 25 | — | $1.0B | ||
| Q3 25 | — | $976.7M | ||
| Q2 25 | — | $688.1M | ||
| Q1 25 | — | $428.4M | ||
| Q4 24 | — | $419.0M | ||
| Q3 24 | $842.1M | $442.4M | ||
| Q2 24 | $923.0M | $496.8M | ||
| Q1 24 | $745.1M | $492.5M |
总债务AGMRKLB
| Q4 25 | $30.8B | $152.4M | ||
| Q3 25 | $29.2B | $347.0M | ||
| Q2 25 | $28.9B | $346.5M | ||
| Q1 25 | $28.0B | $345.9M | ||
| Q4 24 | $27.5B | $345.4M | ||
| Q3 24 | $27.2B | $61.2M | ||
| Q2 24 | $26.8B | $64.2M | ||
| Q1 24 | $26.8B | $66.8M |
股东权益AGMRKLB
| Q4 25 | $1.7B | $1.7B | ||
| Q3 25 | $1.7B | $1.3B | ||
| Q2 25 | $1.5B | $688.5M | ||
| Q1 25 | $1.5B | $431.3M | ||
| Q4 24 | $1.5B | $382.5M | ||
| Q3 24 | $1.5B | $419.8M | ||
| Q2 24 | $1.5B | $455.2M | ||
| Q1 24 | $1.5B | $478.9M |
总资产AGMRKLB
| Q4 25 | $35.4B | $2.3B | ||
| Q3 25 | $33.4B | $2.2B | ||
| Q2 25 | $33.0B | $1.6B | ||
| Q1 25 | $31.8B | $1.3B | ||
| Q4 24 | $31.3B | $1.2B | ||
| Q3 24 | $30.6B | $1.2B | ||
| Q2 24 | $30.2B | $1.2B | ||
| Q1 24 | $29.8B | $1.2B |
负债/权益比AGMRKLB
| Q4 25 | 17.93× | 0.09× | ||
| Q3 25 | 17.31× | 0.27× | ||
| Q2 25 | 18.70× | 0.50× | ||
| Q1 25 | 18.39× | 0.80× | ||
| Q4 24 | 18.48× | 0.90× | ||
| Q3 24 | 18.60× | 0.15× | ||
| Q2 24 | 17.87× | 0.14× | ||
| Q1 24 | 18.11× | 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 | $80.1M | $-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 | 0.0% | 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AGMRKLB
| Q4 25 | $80.1M | $-64.5M | ||
| Q3 25 | $74.2M | $-23.5M | ||
| Q2 25 | $-47.7M | $-23.2M | ||
| Q1 25 | $-49.8M | $-54.2M | ||
| Q4 24 | $612.6M | $-2.4M | ||
| Q3 24 | $-44.4M | $-30.9M | ||
| Q2 24 | $56.1M | $-13.0M | ||
| Q1 24 | $233.3M | $-2.6M |
自由现金流AGMRKLB
| Q4 25 | — | $-114.2M | ||
| Q3 25 | — | $-69.4M | ||
| Q2 25 | — | $-55.3M | ||
| Q1 25 | — | $-82.9M | ||
| Q4 24 | $607.4M | $-23.9M | ||
| Q3 24 | $-44.4M | $-41.9M | ||
| Q2 24 | $52.6M | $-28.3M | ||
| Q1 24 | $231.7M | $-21.8M |
自由现金流率AGMRKLB
| Q4 25 | — | -63.6% | ||
| Q3 25 | — | -44.8% | ||
| Q2 25 | — | -38.3% | ||
| Q1 25 | — | -67.6% | ||
| Q4 24 | 599.8% | -18.1% | ||
| Q3 24 | -49.2% | -40.0% | ||
| Q2 24 | 58.5% | -26.7% | ||
| Q1 24 | 247.3% | -23.5% |
资本支出强度AGMRKLB
| Q4 25 | 0.0% | 27.6% | ||
| Q3 25 | 0.0% | 29.6% | ||
| Q2 25 | 0.0% | 22.2% | ||
| Q1 25 | 0.0% | 23.4% | ||
| Q4 24 | 5.2% | 16.3% | ||
| Q3 24 | 0.1% | 10.5% | ||
| Q2 24 | 4.0% | 14.4% | ||
| Q1 24 | 1.7% | 20.7% |
现金转化率AGMRKLB
| Q4 25 | — | — | ||
| Q3 25 | 1.35× | — | ||
| Q2 25 | -0.87× | — | ||
| Q1 25 | -1.00× | — | ||
| Q4 24 | 10.84× | — | ||
| Q3 24 | -0.89× | — | ||
| Q2 24 | 1.19× | — | ||
| Q1 24 | 4.34× | — |
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
AGM
暂无分部数据
RKLB
| Products | $94.0M | 52% |
| Transferred Over Time | $87.3M | 49% |
