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Asana, Inc.（ASAN）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
Asana, Inc.的季度营收约是Rocket Lab Corp的1.1倍（$201.0M vs $179.7M），Rocket Lab Corp净利率更高（-29.5% vs -34.0%，领先4.6%），Rocket Lab Corp同比增速更快（35.7% vs 9.3%），Asana, Inc.自由现金流更多（$15.5M vs $-114.2M），过去两年Rocket Lab Corp的营收复合增速更高（39.2% vs 8.4%）
Asana是一家总部位于美国旧金山的软件企业，由达斯汀·莫斯科维茨和贾斯汀·罗森斯坦于2008年创立，核心产品是同名工作管理平台，支持网页端与移动端使用，可帮助团队梳理、跟踪及统筹各类工作事项，2012年4月正式商业化推出，2020年9月直接上市，当时估值达55亿美元。
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。
ASAN vs RKLB — 直观对比
营收规模更大
ASAN
是对方的1.1倍
$179.7M
营收增速更快
RKLB
高出26.4%
9.3%
净利率更高
RKLB
高出4.6%
-34.0%
自由现金流更多
ASAN
多$129.7M
$-114.2M
两年增速更快
RKLB
近两年复合增速
8.4%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $201.0M | $179.7M |
| 净利润 | $-68.4M | $-52.9M |
| 毛利率 | 88.9% | 38.0% |
| 营业利润率 | -34.8% | -28.4% |
| 净利率 | -34.0% | -29.5% |
| 营收同比 | 9.3% | 35.7% |
| 净利润同比 | -19.4% | -1.1% |
| 每股收益（稀释后） | $-0.29 | $-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ASANRKLB
| Q4 25 | $201.0M | $179.7M | ||
| Q3 25 | $196.9M | $155.1M | ||
| Q2 25 | $187.3M | $144.5M | ||
| Q1 25 | $188.3M | $122.6M | ||
| Q4 24 | $183.9M | $132.4M | ||
| Q3 24 | $179.2M | $104.8M | ||
| Q2 24 | $172.4M | $106.3M | ||
| Q1 24 | $171.1M | $92.8M |
净利润ASANRKLB
| Q4 25 | $-68.4M | $-52.9M | ||
| Q3 25 | $-48.4M | $-18.3M | ||
| Q2 25 | $-40.0M | $-66.4M | ||
| Q1 25 | $-62.3M | $-60.6M | ||
| Q4 24 | $-57.3M | $-52.3M | ||
| Q3 24 | $-72.2M | $-51.9M | ||
| Q2 24 | $-63.7M | $-41.6M | ||
| Q1 24 | $-62.4M | $-44.3M |
毛利率ASANRKLB
| Q4 25 | 88.9% | 38.0% | ||
| Q3 25 | 89.7% | 37.0% | ||
| Q2 25 | 89.7% | 32.1% | ||
| Q1 25 | 89.6% | 28.8% | ||
| Q4 24 | 89.2% | 27.8% | ||
| Q3 24 | 88.8% | 26.7% | ||
| Q2 24 | 89.7% | 25.6% | ||
| Q1 24 | 89.8% | 26.1% |
营业利润率ASANRKLB
| Q4 25 | -34.8% | -28.4% | ||
| Q3 25 | -25.1% | -38.0% | ||
| Q2 25 | -23.4% | -41.3% | ||
| Q1 25 | -33.8% | -48.3% | ||
| Q4 24 | -32.7% | -38.9% | ||
| Q3 24 | -42.9% | -49.5% | ||
| Q2 24 | -38.4% | -40.7% | ||
| Q1 24 | -39.7% | -46.4% |
净利率ASANRKLB
| Q4 25 | -34.0% | -29.5% | ||
| Q3 25 | -24.6% | -11.8% | ||
| Q2 25 | -21.4% | -46.0% | ||
| Q1 25 | -33.1% | -49.5% | ||
| Q4 24 | -31.2% | -39.5% | ||
| Q3 24 | -40.3% | -49.6% | ||
| Q2 24 | -37.0% | -39.2% | ||
| Q1 24 | -36.5% | -47.7% |
每股收益（稀释后）ASANRKLB
| Q4 25 | $-0.29 | $-0.09 | ||
| Q3 25 | $-0.20 | $-0.03 | ||
| Q2 25 | $-0.17 | $-0.13 | ||
| Q1 25 | $-0.27 | $-0.12 | ||
| Q4 24 | $-0.25 | $-0.11 | ||
| Q3 24 | $-0.31 | $-0.10 | ||
| Q2 24 | $-0.28 | $-0.08 | ||
| Q1 24 | $-0.28 | $-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 | $183.5M | $1.0B |
| 总债务越低越好 | — | $152.4M |
| 股东权益账面价值 | $188.4M | $1.7B |
| 总资产 | $840.4M | $2.3B |
| 负债/权益比越低杠杆越低 | — | 0.09× |
8季度趋势，按日历期对齐
现金及短期投资ASANRKLB
| Q4 25 | $183.5M | $1.0B | ||
| Q3 25 | $184.1M | $976.7M | ||
| Q2 25 | $193.8M | $688.1M | ||
| Q1 25 | $184.7M | $428.4M | ||
| Q4 24 | $196.8M | $419.0M | ||
| Q3 24 | $219.4M | $442.4M | ||
| Q2 24 | $222.0M | $496.8M | ||
| Q1 24 | $236.7M | $492.5M |
总债务ASANRKLB
| 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 | ||
| Q1 24 | — | $66.8M |
股东权益ASANRKLB
| Q4 25 | $188.4M | $1.7B | ||
| Q3 25 | $224.6M | $1.3B | ||
| Q2 25 | $236.3M | $688.5M | ||
| Q1 25 | $227.5M | $431.3M | ||
| Q4 24 | $239.3M | $382.5M | ||
| Q3 24 | $291.9M | $419.8M | ||
| Q2 24 | $319.9M | $455.2M | ||
| Q1 24 | $326.4M | $478.9M |
总资产ASANRKLB
| Q4 25 | $840.4M | $2.3B | ||
| Q3 25 | $883.2M | $2.2B | ||
| Q2 25 | $877.1M | $1.6B | ||
| Q1 25 | $891.4M | $1.3B | ||
| Q4 24 | $874.2M | $1.2B | ||
| Q3 24 | $945.4M | $1.2B | ||
| Q2 24 | $978.2M | $1.2B | ||
| Q1 24 | $962.0M | $1.2B |
负债/权益比ASANRKLB
| 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× | ||
| 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 | $16.2M | $-64.5M |
| 自由现金流经营现金流 - 资本支出 | $15.5M | $-114.2M |
| 自由现金流率自由现金流/营收 | 7.7% | -63.6% |
| 资本支出强度资本支出/营收 | 0.3% | 27.6% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $74.5M | $-321.8M |
8季度趋势，按日历期对齐
经营现金流ASANRKLB
| Q4 25 | $16.2M | $-64.5M | ||
| Q3 25 | $39.8M | $-23.5M | ||
| Q2 25 | $6.8M | $-23.2M | ||
| Q1 25 | $15.9M | $-54.2M | ||
| Q4 24 | $-14.9M | $-2.4M | ||
| Q3 24 | $15.9M | $-30.9M | ||
| Q2 24 | $-1.9M | $-13.0M | ||
| Q1 24 | $-15.3M | $-2.6M |
自由现金流ASANRKLB
| Q4 25 | $15.5M | $-114.2M | ||
| Q3 25 | $38.5M | $-69.4M | ||
| Q2 25 | $6.1M | $-55.3M | ||
| Q1 25 | $14.3M | $-82.9M | ||
| Q4 24 | $-16.3M | $-23.9M | ||
| Q3 24 | $14.2M | $-41.9M | ||
| Q2 24 | $-2.9M | $-28.3M | ||
| Q1 24 | $-15.8M | $-21.8M |
自由现金流率ASANRKLB
| Q4 25 | 7.7% | -63.6% | ||
| Q3 25 | 19.6% | -44.8% | ||
| Q2 25 | 3.3% | -38.3% | ||
| Q1 25 | 7.6% | -67.6% | ||
| Q4 24 | -8.8% | -18.1% | ||
| Q3 24 | 7.9% | -40.0% | ||
| Q2 24 | -1.7% | -26.7% | ||
| Q1 24 | -9.3% | -23.5% |
资本支出强度ASANRKLB
| Q4 25 | 0.3% | 27.6% | ||
| Q3 25 | 0.7% | 29.6% | ||
| Q2 25 | 0.3% | 22.2% | ||
| Q1 25 | 0.8% | 23.4% | ||
| Q4 24 | 0.7% | 16.3% | ||
| Q3 24 | 0.9% | 10.5% | ||
| Q2 24 | 0.6% | 14.4% | ||
| Q1 24 | 0.3% | 20.7% |
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
ASAN
| US | $118.5M | 59% |
| Non Us | $82.5M | 41% |
RKLB
| Products | $94.0M | 52% |
| Transferred Over Time | $87.3M | 49% |
