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Alarm.com Holdings, Inc.（ALRM）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
Alarm.com Holdings, Inc.的季度营收约是Rocket Lab Corp的1.5倍（$261.7M vs $179.7M），Alarm.com Holdings, Inc.净利率更高（13.2% vs -29.5%，领先42.7%），Rocket Lab Corp同比增速更快（35.7% vs 8.0%），Alarm.com Holdings, Inc.自由现金流更多（$35.1M vs $-114.2M），过去两年Rocket Lab Corp的营收复合增速更高（39.2% vs 8.3%）
Alarm.com Holdings, Inc.是一家美国科技企业，成立于2000年，由微策略公司分拆而来，总部位于弗吉尼亚州泰森斯。公司主营云服务，为用户提供远程控制、智能家居及报警监测相关解决方案，是家庭智能安防领域的重要服务商。
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。
ALRM vs RKLB — 直观对比
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $261.7M | $179.7M |
| 净利润 | $34.6M | $-52.9M |
| 毛利率 | 66.0% | 38.0% |
| 营业利润率 | 13.4% | -28.4% |
| 净利率 | 13.2% | -29.5% |
| 营收同比 | 8.0% | 35.7% |
| 净利润同比 | 14.8% | -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
| Q4 25 | $261.7M | $179.7M | ||
| Q3 25 | $256.4M | $155.1M | ||
| Q2 25 | $254.3M | $144.5M | ||
| Q1 25 | $238.8M | $122.6M | ||
| Q4 24 | $242.2M | $132.4M | ||
| Q3 24 | $240.5M | $104.8M | ||
| Q2 24 | $233.8M | $106.3M | ||
| Q1 24 | $223.3M | $92.8M |
| Q4 25 | $34.6M | $-52.9M | ||
| Q3 25 | $35.1M | $-18.3M | ||
| Q2 25 | $34.2M | $-66.4M | ||
| Q1 25 | $27.7M | $-60.6M | ||
| Q4 24 | $30.1M | $-52.3M | ||
| Q3 24 | $36.7M | $-51.9M | ||
| Q2 24 | $33.5M | $-41.6M | ||
| Q1 24 | $23.6M | $-44.3M |
| Q4 25 | 66.0% | 38.0% | ||
| Q3 25 | 65.8% | 37.0% | ||
| Q2 25 | 65.6% | 32.1% | ||
| Q1 25 | 67.2% | 28.8% | ||
| Q4 24 | 65.5% | 27.8% | ||
| Q3 24 | 64.8% | 26.7% | ||
| Q2 24 | 65.2% | 25.6% | ||
| Q1 24 | 65.7% | 26.1% |
| Q4 25 | 13.4% | -28.4% | ||
| Q3 25 | 14.4% | -38.0% | ||
| Q2 25 | 12.6% | -41.3% | ||
| Q1 25 | 12.4% | -48.3% | ||
| Q4 24 | 12.7% | -38.9% | ||
| Q3 24 | 13.8% | -49.5% | ||
| Q2 24 | 11.0% | -40.7% | ||
| Q1 24 | 8.4% | -46.4% |
| Q4 25 | 13.2% | -29.5% | ||
| Q3 25 | 13.7% | -11.8% | ||
| Q2 25 | 13.5% | -46.0% | ||
| Q1 25 | 11.6% | -49.5% | ||
| Q4 24 | 12.4% | -39.5% | ||
| Q3 24 | 15.3% | -49.6% | ||
| Q2 24 | 14.3% | -39.2% | ||
| Q1 24 | 10.6% | -47.7% |
| Q4 25 | $0.66 | $-0.09 | ||
| Q3 25 | $0.65 | $-0.03 | ||
| Q2 25 | $0.63 | $-0.13 | ||
| Q1 25 | $0.52 | $-0.12 | ||
| Q4 24 | $0.56 | $-0.11 | ||
| Q3 24 | $0.67 | $-0.10 | ||
| Q2 24 | $0.62 | $-0.08 | ||
| Q1 24 | $0.44 | $-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 | $960.6M | $1.0B |
| 总债务越低越好 | — | $152.4M |
| 股东权益账面价值 | $848.2M | $1.7B |
| 总资产 | $2.1B | $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
| Q4 25 | $960.6M | $1.0B | ||
| Q3 25 | $1.1B | $976.7M | ||
| Q2 25 | $1.0B | $688.1M | ||
| Q1 25 | $1.2B | $428.4M | ||
| Q4 24 | $1.2B | $419.0M | ||
| Q3 24 | $1.2B | $442.4M | ||
| Q2 24 | $1.1B | $496.8M | ||
| Q1 24 | $747.9M | $492.5M |
| 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 |
| Q4 25 | $848.2M | $1.7B | ||
| Q3 25 | $827.2M | $1.3B | ||
| Q2 25 | $797.3M | $688.5M | ||
| Q1 25 | $759.6M | $431.3M | ||
| Q4 24 | $726.5M | $382.5M | ||
| Q3 24 | $690.3M | $419.8M | ||
| Q2 24 | $645.5M | $455.2M | ||
| Q1 24 | $728.1M | $478.9M |
| Q4 25 | $2.1B | $2.3B | ||
| Q3 25 | $2.1B | $2.2B | ||
| Q2 25 | $2.1B | $1.6B | ||
| Q1 25 | $2.1B | $1.3B | ||
| Q4 24 | $2.0B | $1.2B | ||
| Q3 24 | $2.0B | $1.2B | ||
| Q2 24 | $1.9B | $1.2B | ||
| Q1 24 | $1.5B | $1.2B |
| 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 | $35.9M | $-64.5M |
| 自由现金流经营现金流 - 资本支出 | $35.1M | $-114.2M |
| 自由现金流率自由现金流/营收 | 13.4% | -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 | 1.04× | — |
| 过去12个月自由现金流最近4个季度 | $137.0M | $-321.8M |
8季度趋势，按日历期对齐
| Q4 25 | $35.9M | $-64.5M | ||
| Q3 25 | $70.6M | $-23.5M | ||
| Q2 25 | $22.7M | $-23.2M | ||
| Q1 25 | $24.1M | $-54.2M | ||
| Q4 24 | $56.3M | $-2.4M | ||
| Q3 24 | $77.3M | $-30.9M | ||
| Q2 24 | $23.0M | $-13.0M | ||
| Q1 24 | $49.9M | $-2.6M |
| Q4 25 | $35.1M | $-114.2M | ||
| Q3 25 | $65.9M | $-69.4M | ||
| Q2 25 | $18.2M | $-55.3M | ||
| Q1 25 | $17.9M | $-82.9M | ||
| Q4 24 | $54.0M | $-23.9M | ||
| Q3 24 | $74.5M | $-41.9M | ||
| Q2 24 | $21.0M | $-28.3M | ||
| Q1 24 | $46.8M | $-21.8M |
| Q4 25 | 13.4% | -63.6% | ||
| Q3 25 | 25.7% | -44.8% | ||
| Q2 25 | 7.1% | -38.3% | ||
| Q1 25 | 7.5% | -67.6% | ||
| Q4 24 | 22.3% | -18.1% | ||
| Q3 24 | 31.0% | -40.0% | ||
| Q2 24 | 9.0% | -26.7% | ||
| Q1 24 | 21.0% | -23.5% |
| Q4 25 | 0.3% | 27.6% | ||
| Q3 25 | 1.9% | 29.6% | ||
| Q2 25 | 1.8% | 22.2% | ||
| Q1 25 | 2.6% | 23.4% | ||
| Q4 24 | 0.9% | 16.3% | ||
| Q3 24 | 1.2% | 10.5% | ||
| Q2 24 | 0.9% | 14.4% | ||
| Q1 24 | 1.4% | 20.7% |
| Q4 25 | 1.04× | — | ||
| Q3 25 | 2.01× | — | ||
| Q2 25 | 0.66× | — | ||
| Q1 25 | 0.87× | — | ||
| Q4 24 | 1.87× | — | ||
| Q3 24 | 2.11× | — | ||
| Q2 24 | 0.69× | — | ||
| Q1 24 | 2.11× | — |
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
ALRM
| License And Service | $180.2M | 69% |
| Hardwareand Other Revenue | $81.4M | 31% |
RKLB
| Products | $94.0M | 52% |
| Transferred Over Time | $87.3M | 49% |
