vs
Andersons, Inc.（ANDE）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
Andersons, Inc.的季度营收约是Rocket Lab Corp的1.8倍（$329.5M vs $179.7M），Andersons, Inc.净利率更高（20.5% vs -29.5%，领先49.9%），Rocket Lab Corp同比增速更快（35.7% vs -2.4%），Andersons, Inc.自由现金流更多（$-77.1M vs $-114.2M），过去两年Rocket Lab Corp的营收复合增速更高（39.2% vs -1.8%）
安德森公司（The Andersons, Inc.）是1947年成立的美国农业企业，总部位于俄亥俄州莫米。公司起源于1940年代服务粮食行业的安德森货运站，是深耕农业领域的多元化企业，业务覆盖大宗商品贸易、可再生能源以及植物营养板块。
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。
ANDE vs RKLB — 直观对比
营收规模更大
ANDE
是对方的1.8倍
$179.7M
营收增速更快
RKLB
高出38.1%
-2.4%
净利率更高
ANDE
高出49.9%
-29.5%
自由现金流更多
ANDE
多$37.1M
$-114.2M
两年增速更快
RKLB
近两年复合增速
-1.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $329.5M | $179.7M |
| 净利润 | $67.4M | $-52.9M |
| 毛利率 | 70.3% | 38.0% |
| 营业利润率 | 26.6% | -28.4% |
| 净利率 | 20.5% | -29.5% |
| 营收同比 | -2.4% | 35.7% |
| 净利润同比 | 49.6% | -1.1% |
| 每股收益（稀释后） | — | $-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ANDERKLB
| Q4 25 | $329.5M | $179.7M | ||
| Q3 25 | $295.8M | $155.1M | ||
| Q2 25 | $535.0M | $144.5M | ||
| Q1 25 | $370.8M | $122.6M | ||
| Q4 24 | $337.5M | $132.4M | ||
| Q3 24 | $231.9M | $104.8M | ||
| Q2 24 | $492.5M | $106.3M | ||
| Q1 24 | $341.4M | $92.8M |
净利润ANDERKLB
| Q4 25 | $67.4M | $-52.9M | ||
| Q3 25 | $20.1M | $-18.3M | ||
| Q2 25 | $7.9M | $-66.4M | ||
| Q1 25 | $284.0K | $-60.6M | ||
| Q4 24 | $45.1M | $-52.3M | ||
| Q3 24 | $27.4M | $-51.9M | ||
| Q2 24 | $36.0M | $-41.6M | ||
| Q1 24 | $5.6M | $-44.3M |
毛利率ANDERKLB
| Q4 25 | 70.3% | 38.0% | ||
| Q3 25 | 57.8% | 37.0% | ||
| Q2 25 | 29.6% | 32.1% | ||
| Q1 25 | 41.2% | 28.8% | ||
| Q4 24 | 63.1% | 27.8% | ||
| Q3 24 | 76.4% | 26.7% | ||
| Q2 24 | 35.6% | 25.6% | ||
| Q1 24 | 37.6% | 26.1% |
营业利润率ANDERKLB
| Q4 25 | 26.6% | -28.4% | ||
| Q3 25 | 8.7% | -38.0% | ||
| Q2 25 | 4.6% | -41.3% | ||
| Q1 25 | 0.9% | -48.3% | ||
| Q4 24 | 19.9% | -38.9% | ||
| Q3 24 | 26.8% | -49.5% | ||
| Q2 24 | 11.6% | -40.7% | ||
| Q1 24 | 4.1% | -46.4% |
净利率ANDERKLB
| Q4 25 | 20.5% | -29.5% | ||
| Q3 25 | 6.8% | -11.8% | ||
| Q2 25 | 1.5% | -46.0% | ||
| Q1 25 | 0.1% | -49.5% | ||
| Q4 24 | 13.4% | -39.5% | ||
| Q3 24 | 11.8% | -49.6% | ||
| Q2 24 | 7.3% | -39.2% | ||
| Q1 24 | 1.6% | -47.7% |
每股收益（稀释后）ANDERKLB
| Q4 25 | — | $-0.09 | ||
| Q3 25 | $0.59 | $-0.03 | ||
| Q2 25 | $0.23 | $-0.13 | ||
| Q1 25 | $0.01 | $-0.12 | ||
| Q4 24 | $1.31 | $-0.11 | ||
| Q3 24 | $0.80 | $-0.10 | ||
| Q2 24 | $1.05 | $-0.08 | ||
| Q1 24 | $0.16 | $-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 | $98.3M | $1.0B |
| 总债务越低越好 | $560.0M | $152.4M |
| 股东权益账面价值 | $1.2B | $1.7B |
| 总资产 | $3.7B | $2.3B |
| 负债/权益比越低杠杆越低 | 0.45× | 0.09× |
8季度趋势，按日历期对齐
现金及短期投资ANDERKLB
| Q4 25 | $98.3M | $1.0B | ||
| Q3 25 | — | $976.7M | ||
| Q2 25 | — | $688.1M | ||
| Q1 25 | — | $428.4M | ||
| Q4 24 | $561.8M | $419.0M | ||
| Q3 24 | — | $442.4M | ||
| Q2 24 | — | $496.8M | ||
| Q1 24 | — | $492.5M |
总债务ANDERKLB
| Q4 25 | $560.0M | $152.4M | ||
| Q3 25 | — | $347.0M | ||
| Q2 25 | — | $346.5M | ||
| Q1 25 | — | $345.9M | ||
| Q4 24 | $608.2M | $345.4M | ||
| Q3 24 | — | $61.2M | ||
| Q2 24 | — | $64.2M | ||
| Q1 24 | — | $66.8M |
股东权益ANDERKLB
| Q4 25 | $1.2B | $1.7B | ||
| Q3 25 | $1.2B | $1.3B | ||
| Q2 25 | $1.4B | $688.5M | ||
| Q1 25 | $1.4B | $431.3M | ||
| Q4 24 | $1.4B | $382.5M | ||
| Q3 24 | $1.3B | $419.8M | ||
| Q2 24 | $1.3B | $455.2M | ||
| Q1 24 | $1.3B | $478.9M |
总资产ANDERKLB
| Q4 25 | $3.7B | $2.3B | ||
| Q3 25 | $3.3B | $2.2B | ||
| Q2 25 | $3.4B | $1.6B | ||
| Q1 25 | $3.8B | $1.3B | ||
| Q4 24 | $4.1B | $1.2B | ||
| Q3 24 | $3.4B | $1.2B | ||
| Q2 24 | $3.3B | $1.2B | ||
| Q1 24 | $3.3B | $1.2B |
负债/权益比ANDERKLB
| Q4 25 | 0.45× | 0.09× | ||
| Q3 25 | — | 0.27× | ||
| Q2 25 | — | 0.50× | ||
| Q1 25 | — | 0.80× | ||
| Q4 24 | 0.45× | 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 | $-6.2M | $-64.5M |
| 自由现金流经营现金流 - 资本支出 | $-77.1M | $-114.2M |
| 自由现金流率自由现金流/营收 | -23.4% | -63.6% |
| 资本支出强度资本支出/营收 | 21.5% | 27.6% |
| 现金转化率经营现金流/净利润 | -0.09× | — |
| 过去12个月自由现金流最近4个季度 | $-56.1M | $-321.8M |
8季度趋势，按日历期对齐
经营现金流ANDERKLB
| Q4 25 | $-6.2M | $-64.5M | ||
| Q3 25 | $233.9M | $-23.5M | ||
| Q2 25 | $299.3M | $-23.2M | ||
| Q1 25 | $-350.0M | $-54.2M | ||
| Q4 24 | $268.8M | $-2.4M | ||
| Q3 24 | $-2.1M | $-30.9M | ||
| Q2 24 | $304.4M | $-13.0M | ||
| Q1 24 | $-239.6M | $-2.6M |
自由现金流ANDERKLB
| Q4 25 | $-77.1M | $-114.2M | ||
| Q3 25 | $167.0M | $-69.4M | ||
| Q2 25 | $250.5M | $-55.3M | ||
| Q1 25 | $-396.6M | $-82.9M | ||
| Q4 24 | $212.9M | $-23.9M | ||
| Q3 24 | $-40.0M | $-41.9M | ||
| Q2 24 | $275.8M | $-28.3M | ||
| Q1 24 | $-266.4M | $-21.8M |
自由现金流率ANDERKLB
| Q4 25 | -23.4% | -63.6% | ||
| Q3 25 | 56.5% | -44.8% | ||
| Q2 25 | 46.8% | -38.3% | ||
| Q1 25 | -106.9% | -67.6% | ||
| Q4 24 | 63.1% | -18.1% | ||
| Q3 24 | -17.2% | -40.0% | ||
| Q2 24 | 56.0% | -26.7% | ||
| Q1 24 | -78.0% | -23.5% |
资本支出强度ANDERKLB
| Q4 25 | 21.5% | 27.6% | ||
| Q3 25 | 22.6% | 29.6% | ||
| Q2 25 | 9.1% | 22.2% | ||
| Q1 25 | 12.6% | 23.4% | ||
| Q4 24 | 16.6% | 16.3% | ||
| Q3 24 | 16.3% | 10.5% | ||
| Q2 24 | 5.8% | 14.4% | ||
| Q1 24 | 7.8% | 20.7% |
现金转化率ANDERKLB
| Q4 25 | -0.09× | — | ||
| Q3 25 | 11.61× | — | ||
| Q2 25 | 38.10× | — | ||
| Q1 25 | -1232.46× | — | ||
| Q4 24 | 5.96× | — | ||
| Q3 24 | -0.08× | — | ||
| Q2 24 | 8.46× | — | ||
| Q1 24 | -42.94× | — |
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
ANDE
| Specialty And Primary Nutrients | $137.1M | 42% |
| Premium Ingredients | $66.1M | 20% |
| Segment Reporting Reconciling Item Other | $63.2M | 19% |
| Other | $63.1M | 19% |
RKLB
| Products | $94.0M | 52% |
| Transferred Over Time | $87.3M | 49% |
