vs
Digital Turbine, Inc.（APPS）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Digital Turbine, Inc.的1.2倍（$179.7M vs $151.4M），Digital Turbine, Inc.净利率更高（3.4% vs -29.5%，领先32.8%），Rocket Lab Corp同比增速更快（35.7% vs 12.4%），过去两年Rocket Lab Corp的营收复合增速更高（39.2% vs 16.2%）
Digital Turbine是一家全球移动广告科技企业，为移动运营商、设备厂商及应用开发者提供端到端的应用变现、用户获取和定向广告解决方案，业务覆盖北美、欧洲、亚太地区，服务电信、移动科技、消费应用等多个核心领域。
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。
APPS vs RKLB — 直观对比
营收规模更大
RKLB
是对方的1.2倍
$151.4M
营收增速更快
RKLB
高出23.3%
12.4%
净利率更高
APPS
高出32.8%
-29.5%
两年增速更快
RKLB
近两年复合增速
16.2%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $151.4M | $179.7M |
| 净利润 | $5.1M | $-52.9M |
| 毛利率 | 57.4% | 38.0% |
| 营业利润率 | 14.3% | -28.4% |
| 净利率 | 3.4% | -29.5% |
| 营收同比 | 12.4% | 35.7% |
| 净利润同比 | 122.1% | -1.1% |
| 每股收益（稀释后） | $0.03 | $-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APPSRKLB
| Q4 25 | $151.4M | $179.7M | ||
| Q3 25 | $140.4M | $155.1M | ||
| Q2 25 | $130.9M | $144.5M | ||
| Q1 25 | $119.2M | $122.6M | ||
| Q4 24 | $134.6M | $132.4M | ||
| Q3 24 | $118.7M | $104.8M | ||
| Q2 24 | $118.0M | $106.3M | ||
| Q1 24 | $112.2M | $92.8M |
净利润APPSRKLB
| Q4 25 | $5.1M | $-52.9M | ||
| Q3 25 | $-21.4M | $-18.3M | ||
| Q2 25 | $-14.1M | $-66.4M | ||
| Q1 25 | $-18.8M | $-60.6M | ||
| Q4 24 | $-23.1M | $-52.3M | ||
| Q3 24 | $-25.0M | $-51.9M | ||
| Q2 24 | $-25.2M | $-41.6M | ||
| Q1 24 | $-236.5M | $-44.3M |
毛利率APPSRKLB
| Q4 25 | 57.4% | 38.0% | ||
| Q3 25 | 55.1% | 37.0% | ||
| Q2 25 | 55.6% | 32.1% | ||
| Q1 25 | 55.4% | 28.8% | ||
| Q4 24 | 48.0% | 27.8% | ||
| Q3 24 | 52.6% | 26.7% | ||
| Q2 24 | 52.7% | 25.6% | ||
| Q1 24 | 52.3% | 26.1% |
营业利润率APPSRKLB
| Q4 25 | 14.3% | -28.4% | ||
| Q3 25 | 4.7% | -38.0% | ||
| Q2 25 | -3.6% | -41.3% | ||
| Q1 25 | -9.8% | -48.3% | ||
| Q4 24 | -9.5% | -38.9% | ||
| Q3 24 | -11.4% | -49.5% | ||
| Q2 24 | -13.6% | -40.7% | ||
| Q1 24 | -185.2% | -46.4% |
净利率APPSRKLB
| Q4 25 | 3.4% | -29.5% | ||
| Q3 25 | -15.2% | -11.8% | ||
| Q2 25 | -10.8% | -46.0% | ||
| Q1 25 | -15.8% | -49.5% | ||
| Q4 24 | -17.2% | -39.5% | ||
| Q3 24 | -21.0% | -49.6% | ||
| Q2 24 | -21.3% | -39.2% | ||
| Q1 24 | -210.7% | -47.7% |
每股收益（稀释后）APPSRKLB
| Q4 25 | $0.03 | $-0.09 | ||
| Q3 25 | $-0.20 | $-0.03 | ||
| Q2 25 | $-0.13 | $-0.13 | ||
| Q1 25 | $-0.18 | $-0.12 | ||
| Q4 24 | $-0.22 | $-0.11 | ||
| Q3 24 | $-0.24 | $-0.10 | ||
| Q2 24 | $-0.25 | $-0.08 | ||
| Q1 24 | $-2.33 | $-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 | $40.2M | $1.0B |
| 总债务越低越好 | $355.0M | $152.4M |
| 股东权益账面价值 | $194.6M | $1.7B |
| 总资产 | $858.2M | $2.3B |
| 负债/权益比越低杠杆越低 | 1.82× | 0.09× |
8季度趋势，按日历期对齐
现金及短期投资APPSRKLB
| Q4 25 | $40.2M | $1.0B | ||
| Q3 25 | $38.8M | $976.7M | ||
| Q2 25 | $33.4M | $688.1M | ||
| Q1 25 | $39.4M | $428.4M | ||
| Q4 24 | $34.6M | $419.0M | ||
| Q3 24 | $32.1M | $442.4M | ||
| Q2 24 | $35.0M | $496.8M | ||
| Q1 24 | $32.9M | $492.5M |
总债务APPSRKLB
| Q4 25 | $355.0M | $152.4M | ||
| Q3 25 | $396.4M | $347.0M | ||
| Q2 25 | $400.5M | $346.5M | ||
| Q1 25 | $408.7M | $345.9M | ||
| Q4 24 | $408.2M | $345.4M | ||
| Q3 24 | $407.6M | $61.2M | ||
| Q2 24 | $393.8M | $64.2M | ||
| Q1 24 | $383.5M | $66.8M |
股东权益APPSRKLB
| Q4 25 | $194.6M | $1.7B | ||
| Q3 25 | $148.1M | $1.3B | ||
| Q2 25 | $152.3M | $688.5M | ||
| Q1 25 | $154.0M | $431.3M | ||
| Q4 24 | $163.6M | $382.5M | ||
| Q3 24 | $182.4M | $419.8M | ||
| Q2 24 | $196.0M | $455.2M | ||
| Q1 24 | $213.9M | $478.9M |
总资产APPSRKLB
| Q4 25 | $858.2M | $2.3B | ||
| Q3 25 | $818.7M | $2.2B | ||
| Q2 25 | $818.4M | $1.6B | ||
| Q1 25 | $812.9M | $1.3B | ||
| Q4 24 | $839.7M | $1.2B | ||
| Q3 24 | $844.5M | $1.2B | ||
| Q2 24 | $860.2M | $1.2B | ||
| Q1 24 | $865.5M | $1.2B |
负债/权益比APPSRKLB
| Q4 25 | 1.82× | 0.09× | ||
| Q3 25 | 2.68× | 0.27× | ||
| Q2 25 | 2.63× | 0.50× | ||
| Q1 25 | 2.65× | 0.80× | ||
| Q4 24 | 2.50× | 0.90× | ||
| Q3 24 | 2.24× | 0.15× | ||
| Q2 24 | 2.01× | 0.14× | ||
| Q1 24 | 1.79× | 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 | $14.2M | $-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 | — | 27.6% |
| 现金转化率经营现金流/净利润 | 2.78× | — |
| 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APPSRKLB
| Q4 25 | $14.2M | $-64.5M | ||
| Q3 25 | $14.5M | $-23.5M | ||
| Q2 25 | $8.8M | $-23.2M | ||
| Q1 25 | $11.9M | $-54.2M | ||
| Q4 24 | $10.4M | $-2.4M | ||
| Q3 24 | $-8.7M | $-30.9M | ||
| Q2 24 | $-1.4M | $-13.0M | ||
| Q1 24 | $28.7M | $-2.6M |
自由现金流APPSRKLB
| Q4 25 | — | $-114.2M | ||
| Q3 25 | — | $-69.4M | ||
| Q2 25 | — | $-55.3M | ||
| Q1 25 | — | $-82.9M | ||
| Q4 24 | — | $-23.9M | ||
| Q3 24 | — | $-41.9M | ||
| Q2 24 | — | $-28.3M | ||
| Q1 24 | — | $-21.8M |
自由现金流率APPSRKLB
| Q4 25 | — | -63.6% | ||
| Q3 25 | — | -44.8% | ||
| Q2 25 | — | -38.3% | ||
| Q1 25 | — | -67.6% | ||
| Q4 24 | — | -18.1% | ||
| Q3 24 | — | -40.0% | ||
| Q2 24 | — | -26.7% | ||
| Q1 24 | — | -23.5% |
资本支出强度APPSRKLB
| Q4 25 | — | 27.6% | ||
| Q3 25 | — | 29.6% | ||
| Q2 25 | — | 22.2% | ||
| Q1 25 | — | 23.4% | ||
| Q4 24 | — | 16.3% | ||
| Q3 24 | — | 10.5% | ||
| Q2 24 | — | 14.4% | ||
| Q1 24 | — | 20.7% |
现金转化率APPSRKLB
| Q4 25 | 2.78× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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
APPS
| On Device Solutions | $99.6M | 66% |
| App Growth Platform | $52.6M | 35% |
RKLB
| Products | $94.0M | 52% |
| Transferred Over Time | $87.3M | 49% |
