vs
Artisan Partners Asset Management Inc.（APAM）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
Artisan Partners Asset Management Inc.的季度营收约是Rocket Lab Corp的1.9倍（$335.5M vs $179.7M），Artisan Partners Asset Management Inc.净利率更高（35.2% vs -29.5%，领先64.7%），Rocket Lab Corp同比增速更快（35.7% vs 12.9%），Artisan Partners Asset Management Inc.自由现金流更多（$171.6M vs $-114.2M），过去两年Rocket Lab Corp的营收复合增速更高（39.2% vs 12.7%）
阿蒂森伙伴资产管理公司（Artisan Partners）是总部位于美国威斯康星州密尔沃基的资产管理机构，除美国本土外，还在都柏林、香港、伦敦、新加坡、悉尼设有办公室，为全球客户提供专业的资产管理服务。
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。
APAM vs RKLB — 直观对比
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $335.5M | $179.7M |
| 净利润 | $118.1M | $-52.9M |
| 毛利率 | — | 38.0% |
| 营业利润率 | 39.2% | -28.4% |
| 净利率 | 35.2% | -29.5% |
| 营收同比 | 12.9% | 35.7% |
| 净利润同比 | 34.9% | -1.1% |
| 每股收益（稀释后） | $1.36 | $-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 | $335.5M | $179.7M | ||
| Q3 25 | $301.3M | $155.1M | ||
| Q2 25 | $282.7M | $144.5M | ||
| Q1 25 | $277.1M | $122.6M | ||
| Q4 24 | $297.1M | $132.4M | ||
| Q3 24 | $279.6M | $104.8M | ||
| Q2 24 | $270.8M | $106.3M | ||
| Q1 24 | $264.4M | $92.8M |
| Q4 25 | $118.1M | $-52.9M | ||
| Q3 25 | $66.8M | $-18.3M | ||
| Q2 25 | $67.6M | $-66.4M | ||
| Q1 25 | $61.1M | $-60.6M | ||
| Q4 24 | $87.5M | $-52.3M | ||
| Q3 24 | $73.0M | $-51.9M | ||
| Q2 24 | $57.6M | $-41.6M | ||
| Q1 24 | $59.5M | $-44.3M |
| 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% |
| Q4 25 | 39.2% | -28.4% | ||
| Q3 25 | 33.8% | -38.0% | ||
| Q2 25 | 28.2% | -41.3% | ||
| Q1 25 | 31.2% | -48.3% | ||
| Q4 24 | 36.7% | -38.9% | ||
| Q3 24 | 33.3% | -49.5% | ||
| Q2 24 | 32.0% | -40.7% | ||
| Q1 24 | 29.4% | -46.4% |
| Q4 25 | 35.2% | -29.5% | ||
| Q3 25 | 22.2% | -11.8% | ||
| Q2 25 | 23.9% | -46.0% | ||
| Q1 25 | 22.1% | -49.5% | ||
| Q4 24 | 29.5% | -39.5% | ||
| Q3 24 | 26.1% | -49.6% | ||
| Q2 24 | 21.3% | -39.2% | ||
| Q1 24 | 22.5% | -47.7% |
| Q4 25 | $1.36 | $-0.09 | ||
| Q3 25 | $0.93 | $-0.03 | ||
| Q2 25 | $0.94 | $-0.13 | ||
| Q1 25 | $0.82 | $-0.12 | ||
| Q4 24 | $0.99 | $-0.11 | ||
| Q3 24 | $1.03 | $-0.10 | ||
| Q2 24 | $0.80 | $-0.08 | ||
| Q1 24 | $0.84 | $-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 | $190.0M | $152.4M |
| 股东权益账面价值 | $438.8M | $1.7B |
| 总资产 | $1.6B | $2.3B |
| 负债/权益比越低杠杆越低 | 0.43× | 0.09× |
8季度趋势，按日历期对齐
| Q4 25 | — | $1.0B | ||
| Q3 25 | — | $976.7M | ||
| Q2 25 | — | $688.1M | ||
| Q1 25 | — | $428.4M | ||
| Q4 24 | — | $419.0M | ||
| Q3 24 | — | $442.4M | ||
| Q2 24 | — | $496.8M | ||
| Q1 24 | — | $492.5M |
| Q4 25 | $190.0M | $152.4M | ||
| Q3 25 | $190.0M | $347.0M | ||
| Q2 25 | $200.0M | $346.5M | ||
| Q1 25 | $200.0M | $345.9M | ||
| Q4 24 | $200.0M | $345.4M | ||
| Q3 24 | $200.0M | $61.2M | ||
| Q2 24 | $200.0M | $64.2M | ||
| Q1 24 | $200.0M | $66.8M |
| Q4 25 | $438.8M | $1.7B | ||
| Q3 25 | $402.1M | $1.3B | ||
| Q2 25 | $381.8M | $688.5M | ||
| Q1 25 | $356.5M | $431.3M | ||
| Q4 24 | $388.9M | $382.5M | ||
| Q3 24 | $372.1M | $419.8M | ||
| Q2 24 | $341.2M | $455.2M | ||
| Q1 24 | $320.3M | $478.9M |
| Q4 25 | $1.6B | $2.3B | ||
| Q3 25 | $1.6B | $2.2B | ||
| Q2 25 | $1.4B | $1.6B | ||
| Q1 25 | $1.4B | $1.3B | ||
| Q4 24 | $1.6B | $1.2B | ||
| Q3 24 | $1.6B | $1.2B | ||
| Q2 24 | $1.5B | $1.2B | ||
| Q1 24 | $1.5B | $1.2B |
| Q4 25 | 0.43× | 0.09× | ||
| Q3 25 | 0.47× | 0.27× | ||
| Q2 25 | 0.52× | 0.50× | ||
| Q1 25 | 0.56× | 0.80× | ||
| Q4 24 | 0.51× | 0.90× | ||
| Q3 24 | 0.54× | 0.15× | ||
| Q2 24 | 0.59× | 0.14× | ||
| Q1 24 | 0.62× | 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 | $172.0M | $-64.5M |
| 自由现金流经营现金流 - 资本支出 | $171.6M | $-114.2M |
| 自由现金流率自由现金流/营收 | 51.2% | -63.6% |
| 资本支出强度资本支出/营收 | 0.1% | 27.6% |
| 现金转化率经营现金流/净利润 | 1.46× | — |
| 过去12个月自由现金流最近4个季度 | $420.6M | $-321.8M |
8季度趋势，按日历期对齐
| Q4 25 | $172.0M | $-64.5M | ||
| Q3 25 | $40.4M | $-23.5M | ||
| Q2 25 | $50.9M | $-23.2M | ||
| Q1 25 | $157.9M | $-54.2M | ||
| Q4 24 | $372.8M | $-2.4M | ||
| Q3 24 | $112.8M | $-30.9M | ||
| Q2 24 | $75.9M | $-13.0M | ||
| Q1 24 | $147.0M | $-2.6M |
| Q4 25 | $171.6M | $-114.2M | ||
| Q3 25 | $40.4M | $-69.4M | ||
| Q2 25 | $50.9M | $-55.3M | ||
| Q1 25 | $157.7M | $-82.9M | ||
| Q4 24 | $371.3M | $-23.9M | ||
| Q3 24 | $112.4M | $-41.9M | ||
| Q2 24 | $75.2M | $-28.3M | ||
| Q1 24 | $146.9M | $-21.8M |
| Q4 25 | 51.2% | -63.6% | ||
| Q3 25 | 13.4% | -44.8% | ||
| Q2 25 | 18.0% | -38.3% | ||
| Q1 25 | 56.9% | -67.6% | ||
| Q4 24 | 125.0% | -18.1% | ||
| Q3 24 | 40.2% | -40.0% | ||
| Q2 24 | 27.8% | -26.7% | ||
| Q1 24 | 55.6% | -23.5% |
| Q4 25 | 0.1% | 27.6% | ||
| Q3 25 | 0.0% | 29.6% | ||
| Q2 25 | 0.0% | 22.2% | ||
| Q1 25 | 0.1% | 23.4% | ||
| Q4 24 | 0.5% | 16.3% | ||
| Q3 24 | 0.1% | 10.5% | ||
| Q2 24 | 0.2% | 14.4% | ||
| Q1 24 | 0.0% | 20.7% |
| Q4 25 | 1.46× | — | ||
| Q3 25 | 0.60× | — | ||
| Q2 25 | 0.75× | — | ||
| Q1 25 | 2.58× | — | ||
| Q4 24 | 4.26× | — | ||
| Q3 24 | 1.54× | — | ||
| Q2 24 | 1.32× | — | ||
| Q1 24 | 2.47× | — |
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
APAM
暂无分部数据
RKLB
| Products | $94.0M | 52% |
| Transferred Over Time | $87.3M | 49% |
