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APOGEE ENTERPRISES, INC.（APOG）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
APOGEE ENTERPRISES, INC.的季度营收约是Rocket Lab Corp的2.0倍（$351.4M vs $179.7M），APOGEE ENTERPRISES, INC.净利率更高（4.7% vs -29.5%，领先34.2%），Rocket Lab Corp同比增速更快（35.7% vs 1.6%），过去两年Rocket Lab Corp的营收复合增速更高（39.2% vs 2.9%）
Apogee Enterprises是一家美国音频设备制造商，主营音频接口、模数与数模转换器、USB及iOS麦克风，同时还开发音频制作相关软件，产品广泛服务于专业录音、音乐创作等音频领域，在全球音频行业拥有较高的认可度。
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。
APOG vs RKLB — 直观对比
营收规模更大
APOG
是对方的2.0倍
$179.7M
营收增速更快
RKLB
高出34.1%
1.6%
净利率更高
APOG
高出34.2%
-29.5%
两年增速更快
RKLB
近两年复合增速
2.9%
损益表 — Q4 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $351.4M | $179.7M |
| 净利润 | $16.6M | $-52.9M |
| 毛利率 | 22.4% | 38.0% |
| 营业利润率 | 7.3% | -28.4% |
| 净利率 | 4.7% | -29.5% |
| 营收同比 | 1.6% | 35.7% |
| 净利润同比 | 568.8% | -1.1% |
| 每股收益（稀释后） | $0.78 | $-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APOGRKLB
| Q1 26 | $351.4M | — | ||
| Q4 25 | $348.6M | $179.7M | ||
| Q3 25 | $358.2M | $155.1M | ||
| Q2 25 | $346.6M | $144.5M | ||
| Q1 25 | $345.7M | $122.6M | ||
| Q4 24 | $341.3M | $132.4M | ||
| Q3 24 | $342.4M | $104.8M | ||
| Q2 24 | $331.5M | $106.3M |
净利润APOGRKLB
| Q1 26 | $16.6M | — | ||
| Q4 25 | $16.5M | $-52.9M | ||
| Q3 25 | $23.6M | $-18.3M | ||
| Q2 25 | $-2.7M | $-66.4M | ||
| Q1 25 | $2.5M | $-60.6M | ||
| Q4 24 | $21.0M | $-52.3M | ||
| Q3 24 | $30.6M | $-51.9M | ||
| Q2 24 | $31.0M | $-41.6M |
毛利率APOGRKLB
| Q1 26 | 22.4% | — | ||
| Q4 25 | 23.8% | 38.0% | ||
| Q3 25 | 23.1% | 37.0% | ||
| Q2 25 | 21.7% | 32.1% | ||
| Q1 25 | 21.6% | 28.8% | ||
| Q4 24 | 26.1% | 27.8% | ||
| Q3 24 | 28.4% | 26.7% | ||
| Q2 24 | 29.8% | 25.6% |
营业利润率APOGRKLB
| Q1 26 | 7.3% | — | ||
| Q4 25 | 7.1% | -28.4% | ||
| Q3 25 | 7.5% | -38.0% | ||
| Q2 25 | 2.0% | -41.3% | ||
| Q1 25 | 1.8% | -48.3% | ||
| Q4 24 | 8.4% | -38.9% | ||
| Q3 24 | 12.3% | -49.5% | ||
| Q2 24 | 12.5% | -40.7% |
净利率APOGRKLB
| Q1 26 | 4.7% | — | ||
| Q4 25 | 4.7% | -29.5% | ||
| Q3 25 | 6.6% | -11.8% | ||
| Q2 25 | -0.8% | -46.0% | ||
| Q1 25 | 0.7% | -49.5% | ||
| Q4 24 | 6.1% | -39.5% | ||
| Q3 24 | 8.9% | -49.6% | ||
| Q2 24 | 9.4% | -39.2% |
每股收益（稀释后）APOGRKLB
| Q1 26 | $0.78 | — | ||
| Q4 25 | $0.77 | $-0.09 | ||
| Q3 25 | $1.10 | $-0.03 | ||
| Q2 25 | $-0.13 | $-0.13 | ||
| Q1 25 | $0.12 | $-0.12 | ||
| Q4 24 | $0.96 | $-0.11 | ||
| Q3 24 | $1.40 | $-0.10 | ||
| Q2 24 | $1.41 | $-0.08 |
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 | $39.5M | $1.0B |
| 总债务越低越好 | $232.3M | $152.4M |
| 股东权益账面价值 | $511.8M | $1.7B |
| 总资产 | $1.1B | $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APOGRKLB
| Q1 26 | $39.5M | — | ||
| Q4 25 | $41.3M | $1.0B | ||
| Q3 25 | $39.5M | $976.7M | ||
| Q2 25 | $32.8M | $688.1M | ||
| Q1 25 | $41.4M | $428.4M | ||
| Q4 24 | $43.9M | $419.0M | ||
| Q3 24 | $51.0M | $442.4M | ||
| Q2 24 | $30.4M | $496.8M |
总债务APOGRKLB
| Q1 26 | $232.3M | — | ||
| Q4 25 | — | $152.4M | ||
| Q3 25 | — | $347.0M | ||
| Q2 25 | — | $346.5M | ||
| Q1 25 | $285.0M | $345.9M | ||
| Q4 24 | — | $345.4M | ||
| Q3 24 | — | $61.2M | ||
| Q2 24 | — | $64.2M |
股东权益APOGRKLB
| Q1 26 | $511.8M | — | ||
| Q4 25 | $512.3M | $1.7B | ||
| Q3 25 | $500.2M | $1.3B | ||
| Q2 25 | $481.8M | $688.5M | ||
| Q1 25 | $487.9M | $431.3M | ||
| Q4 24 | $522.1M | $382.5M | ||
| Q3 24 | $506.4M | $419.8M | ||
| Q2 24 | $480.0M | $455.2M |
总资产APOGRKLB
| Q1 26 | $1.1B | — | ||
| Q4 25 | $1.1B | $2.3B | ||
| Q3 25 | $1.2B | $2.2B | ||
| Q2 25 | $1.2B | $1.6B | ||
| Q1 25 | $1.2B | $1.3B | ||
| Q4 24 | $1.2B | $1.2B | ||
| Q3 24 | $917.1M | $1.2B | ||
| Q2 24 | $889.0M | $1.2B |
负债/权益比APOGRKLB
| Q1 26 | 0.45× | — | ||
| Q4 25 | — | 0.09× | ||
| Q3 25 | — | 0.27× | ||
| Q2 25 | — | 0.50× | ||
| Q1 25 | 0.58× | 0.80× | ||
| Q4 24 | — | 0.90× | ||
| Q3 24 | — | 0.15× | ||
| Q2 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 | $122.5M | $-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 | 7.8% | 27.6% |
| 现金转化率经营现金流/净利润 | 7.37× | — |
| 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APOGRKLB
| Q1 26 | $122.5M | — | ||
| Q4 25 | $29.3M | $-64.5M | ||
| Q3 25 | $57.1M | $-23.5M | ||
| Q2 25 | $-19.8M | $-23.2M | ||
| Q1 25 | $30.0M | $-54.2M | ||
| Q4 24 | $31.0M | $-2.4M | ||
| Q3 24 | $58.7M | $-30.9M | ||
| Q2 24 | $5.5M | $-13.0M |
自由现金流APOGRKLB
| Q1 26 | — | — | ||
| Q4 25 | $22.9M | $-114.2M | ||
| Q3 25 | $52.4M | $-69.4M | ||
| Q2 25 | $-26.9M | $-55.3M | ||
| Q1 25 | $19.1M | $-82.9M | ||
| Q4 24 | $22.0M | $-23.9M | ||
| Q3 24 | $50.2M | $-41.9M | ||
| Q2 24 | $-1.8M | $-28.3M |
自由现金流率APOGRKLB
| Q1 26 | — | — | ||
| Q4 25 | 6.6% | -63.6% | ||
| Q3 25 | 14.6% | -44.8% | ||
| Q2 25 | -7.8% | -38.3% | ||
| Q1 25 | 5.5% | -67.6% | ||
| Q4 24 | 6.4% | -18.1% | ||
| Q3 24 | 14.7% | -40.0% | ||
| Q2 24 | -0.5% | -26.7% |
资本支出强度APOGRKLB
| Q1 26 | 7.8% | — | ||
| Q4 25 | 1.9% | 27.6% | ||
| Q3 25 | 1.3% | 29.6% | ||
| Q2 25 | 2.1% | 22.2% | ||
| Q1 25 | 3.2% | 23.4% | ||
| Q4 24 | 2.6% | 16.3% | ||
| Q3 24 | 2.5% | 10.5% | ||
| Q2 24 | 2.2% | 14.4% |
现金转化率APOGRKLB
| Q1 26 | 7.37× | — | ||
| Q4 25 | 1.77× | — | ||
| Q3 25 | 2.41× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 12.08× | — | ||
| Q4 24 | 1.48× | — | ||
| Q3 24 | 1.92× | — | ||
| Q2 24 | 0.18× | — |
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
APOG
| Architectural Services | $127.1M | 36% |
| Architectural Metals | $110.0M | 31% |
| Architectural Glass | $67.4M | 19% |
| Performance Surfaces | $54.3M | 15% |
RKLB
| Products | $94.0M | 52% |
| Transferred Over Time | $87.3M | 49% |
