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Arhaus, Inc.（ARHS）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
Arhaus, Inc.的季度营收约是Rocket Lab Corp的1.8倍（$364.8M vs $200.3M），Arhaus, Inc.净利率更高（4.1% vs -22.5%，领先26.6%），Rocket Lab Corp同比增速更快（63.5% vs 5.1%），过去两年Rocket Lab Corp的营收复合增速更高（37.3% vs 11.2%）
Arhaus, Inc.是源自美国的高端家居零售企业，总部位于俄亥俄州波士顿高地，1986年正式创立。品牌主打可持续理念与工匠级品质，产品品类丰富，采用全渠道模式面向个人消费者及企业客户，覆盖民用与商用家居场景，提供相关产品与配套服务。
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。
ARHS vs RKLB — 直观对比
营收规模更大
ARHS
是对方的1.8倍
$200.3M
营收增速更快
RKLB
高出58.3%
5.1%
净利率更高
ARHS
高出26.6%
-22.5%
两年增速更快
RKLB
近两年复合增速
11.2%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $364.8M | $200.3M |
| 净利润 | $15.1M | $-45.0M |
| 毛利率 | 38.1% | 38.2% |
| 营业利润率 | 5.6% | 33.9% |
| 净利率 | 4.1% | -22.5% |
| 营收同比 | 5.1% | 63.5% |
| 净利润同比 | -29.1% | — |
| 每股收益（稀释后） | $0.11 | — |
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ARHSRKLB
| Q1 26 | — | $200.3M | ||
| Q4 25 | $364.8M | $179.7M | ||
| Q3 25 | $344.6M | $155.1M | ||
| Q2 25 | $358.4M | $144.5M | ||
| Q1 25 | $311.4M | $122.6M | ||
| Q4 24 | $347.0M | $132.4M | ||
| Q3 24 | $319.1M | $104.8M | ||
| Q2 24 | $309.8M | $106.3M |
净利润ARHSRKLB
| Q1 26 | — | $-45.0M | ||
| Q4 25 | $15.1M | $-52.9M | ||
| Q3 25 | $12.2M | $-18.3M | ||
| Q2 25 | $35.1M | $-66.4M | ||
| Q1 25 | $4.9M | $-60.6M | ||
| Q4 24 | $21.3M | $-52.3M | ||
| Q3 24 | $9.9M | $-51.9M | ||
| Q2 24 | $22.2M | $-41.6M |
毛利率ARHSRKLB
| Q1 26 | — | 38.2% | ||
| Q4 25 | 38.1% | 38.0% | ||
| Q3 25 | 38.7% | 37.0% | ||
| Q2 25 | 41.4% | 32.1% | ||
| Q1 25 | 37.1% | 28.8% | ||
| Q4 24 | 40.0% | 27.8% | ||
| Q3 24 | 38.6% | 26.7% | ||
| Q2 24 | 40.1% | 25.6% |
营业利润率ARHSRKLB
| Q1 26 | — | 33.9% | ||
| Q4 25 | 5.6% | -28.4% | ||
| Q3 25 | 4.8% | -38.0% | ||
| Q2 25 | 13.0% | -41.3% | ||
| Q1 25 | 1.7% | -48.3% | ||
| Q4 24 | 8.2% | -38.9% | ||
| Q3 24 | 3.3% | -49.5% | ||
| Q2 24 | 9.5% | -40.7% |
净利率ARHSRKLB
| Q1 26 | — | -22.5% | ||
| Q4 25 | 4.1% | -29.5% | ||
| Q3 25 | 3.5% | -11.8% | ||
| Q2 25 | 9.8% | -46.0% | ||
| Q1 25 | 1.6% | -49.5% | ||
| Q4 24 | 6.1% | -39.5% | ||
| Q3 24 | 3.1% | -49.6% | ||
| Q2 24 | 7.2% | -39.2% |
每股收益（稀释后）ARHSRKLB
| Q1 26 | — | — | ||
| Q4 25 | $0.11 | $-0.09 | ||
| Q3 25 | $0.09 | $-0.03 | ||
| Q2 25 | $0.25 | $-0.13 | ||
| Q1 25 | $0.03 | $-0.12 | ||
| Q4 24 | $0.15 | $-0.11 | ||
| Q3 24 | $0.07 | $-0.10 | ||
| Q2 24 | $0.16 | $-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 | $253.4M | $1.2B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $418.2M | $2.3B |
| 总资产 | $1.4B | $2.8B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资ARHSRKLB
| Q1 26 | — | $1.2B | ||
| Q4 25 | $253.4M | $1.0B | ||
| Q3 25 | $262.2M | $976.7M | ||
| Q2 25 | $234.8M | $688.1M | ||
| Q1 25 | $214.4M | $428.4M | ||
| Q4 24 | $197.5M | $419.0M | ||
| Q3 24 | $177.7M | $442.4M | ||
| Q2 24 | $174.2M | $496.8M |
总债务ARHSRKLB
| Q1 26 | — | — | ||
| 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 |
股东权益ARHSRKLB
| Q1 26 | — | $2.3B | ||
| Q4 25 | $418.2M | $1.7B | ||
| Q3 25 | $400.4M | $1.3B | ||
| Q2 25 | $385.6M | $688.5M | ||
| Q1 25 | $348.8M | $431.3M | ||
| Q4 24 | $343.7M | $382.5M | ||
| Q3 24 | $320.6M | $419.8M | ||
| Q2 24 | $309.3M | $455.2M |
总资产ARHSRKLB
| Q1 26 | — | $2.8B | ||
| Q4 25 | $1.4B | $2.3B | ||
| Q3 25 | $1.4B | $2.2B | ||
| Q2 25 | $1.3B | $1.6B | ||
| Q1 25 | $1.3B | $1.3B | ||
| Q4 24 | $1.2B | $1.2B | ||
| Q3 24 | $1.2B | $1.2B | ||
| Q2 24 | $1.2B | $1.2B |
负债/权益比ARHSRKLB
| Q1 26 | — | — | ||
| 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× |
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 | $9.3M | $-50.3M |
| 自由现金流经营现金流 - 资本支出 | $-8.8M | — |
| 自由现金流率自由现金流/营收 | -2.4% | — |
| 资本支出强度资本支出/营收 | 5.0% | — |
| 现金转化率经营现金流/净利润 | 0.62× | — |
| 过去12个月自由现金流最近4个季度 | $59.0M | — |
8季度趋势，按日历期对齐
经营现金流ARHSRKLB
| Q1 26 | — | $-50.3M | ||
| Q4 25 | $9.3M | $-64.5M | ||
| Q3 25 | $46.1M | $-23.5M | ||
| Q2 25 | $34.9M | $-23.2M | ||
| Q1 25 | $46.5M | $-54.2M | ||
| Q4 24 | $31.7M | $-2.4M | ||
| Q3 24 | $31.1M | $-30.9M | ||
| Q2 24 | $47.5M | $-13.0M |
自由现金流ARHSRKLB
| Q1 26 | — | — | ||
| Q4 25 | $-8.8M | $-114.2M | ||
| Q3 25 | $28.0M | $-69.4M | ||
| Q2 25 | $20.9M | $-55.3M | ||
| Q1 25 | $18.9M | $-82.9M | ||
| Q4 24 | $13.0M | $-23.9M | ||
| Q3 24 | $4.6M | $-41.9M | ||
| Q2 24 | $11.3M | $-28.3M |
自由现金流率ARHSRKLB
| Q1 26 | — | — | ||
| Q4 25 | -2.4% | -63.6% | ||
| Q3 25 | 8.1% | -44.8% | ||
| Q2 25 | 5.8% | -38.3% | ||
| Q1 25 | 6.1% | -67.6% | ||
| Q4 24 | 3.7% | -18.1% | ||
| Q3 24 | 1.4% | -40.0% | ||
| Q2 24 | 3.6% | -26.7% |
资本支出强度ARHSRKLB
| Q1 26 | — | — | ||
| Q4 25 | 5.0% | 27.6% | ||
| Q3 25 | 5.3% | 29.6% | ||
| Q2 25 | 3.9% | 22.2% | ||
| Q1 25 | 8.9% | 23.4% | ||
| Q4 24 | 5.4% | 16.3% | ||
| Q3 24 | 8.3% | 10.5% | ||
| Q2 24 | 11.7% | 14.4% |
现金转化率ARHSRKLB
| Q1 26 | — | — | ||
| Q4 25 | 0.62× | — | ||
| Q3 25 | 3.77× | — | ||
| Q2 25 | 1.00× | — | ||
| Q1 25 | 9.53× | — | ||
| Q4 24 | 1.49× | — | ||
| Q3 24 | 3.14× | — | ||
| Q2 24 | 2.14× | — |
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
ARHS
| Sales Channel Retail | $305.7M | 84% |
| Sales Channel E Commerce | $59.2M | 16% |
RKLB
| Product revenues | $127.5M | 64% |
| Service revenues | $72.9M | 36% |
