vs
AvePoint（AVPT）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AvePoint的1.6倍（$179.7M vs $114.7M），AvePoint净利率更高（13.6% vs -29.5%，领先43.1%），Rocket Lab Corp同比增速更快（35.7% vs 28.6%），AvePoint自由现金流更多（$29.0M vs $-114.2M），过去两年Rocket Lab Corp的营收复合增速更高（39.2% vs 24.0%）
AvePoint是一家总部位于美国新泽西州泽西市的企业，成立于2001年，2020年在纳斯达克上市。公司专注于开发软件产品，为Microsoft 365、谷歌、Salesforce等主流平台提供功能拓展与安全增强解决方案，服务全球各行业客户的数字化协作与数据治理需求。
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。
AVPT vs RKLB — 直观对比
营收规模更大
RKLB
是对方的1.6倍
$114.7M
营收增速更快
RKLB
高出7.1%
28.6%
净利率更高
AVPT
高出43.1%
-29.5%
自由现金流更多
AVPT
多$143.1M
$-114.2M
两年增速更快
RKLB
近两年复合增速
24.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $114.7M | $179.7M |
| 净利润 | $15.6M | $-52.9M |
| 毛利率 | 73.6% | 38.0% |
| 营业利润率 | 12.7% | -28.4% |
| 净利率 | 13.6% | -29.5% |
| 营收同比 | 28.6% | 35.7% |
| 净利润同比 | 191.1% | -1.1% |
| 每股收益（稀释后） | $0.06 | $-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AVPTRKLB
| Q4 25 | $114.7M | $179.7M | ||
| Q3 25 | $109.7M | $155.1M | ||
| Q2 25 | $102.0M | $144.5M | ||
| Q1 25 | $93.1M | $122.6M | ||
| Q4 24 | $89.2M | $132.4M | ||
| Q3 24 | $88.8M | $104.8M | ||
| Q2 24 | $78.0M | $106.3M | ||
| Q1 24 | $74.5M | $92.8M |
净利润AVPTRKLB
| Q4 25 | $15.6M | $-52.9M | ||
| Q3 25 | $13.0M | $-18.3M | ||
| Q2 25 | $2.9M | $-66.4M | ||
| Q1 25 | $3.6M | $-60.6M | ||
| Q4 24 | $-17.2M | $-52.3M | ||
| Q3 24 | $2.6M | $-51.9M | ||
| Q2 24 | $-12.9M | $-41.6M | ||
| Q1 24 | $-2.0M | $-44.3M |
毛利率AVPTRKLB
| Q4 25 | 73.6% | 38.0% | ||
| Q3 25 | 74.4% | 37.0% | ||
| Q2 25 | 74.0% | 32.1% | ||
| Q1 25 | 74.3% | 28.8% | ||
| Q4 24 | 75.4% | 27.8% | ||
| Q3 24 | 76.1% | 26.7% | ||
| Q2 24 | 75.7% | 25.6% | ||
| Q1 24 | 72.6% | 26.1% |
营业利润率AVPTRKLB
| Q4 25 | 12.7% | -28.4% | ||
| Q3 25 | 7.4% | -38.0% | ||
| Q2 25 | 7.0% | -41.3% | ||
| Q1 25 | 3.5% | -48.3% | ||
| Q4 24 | 5.4% | -38.9% | ||
| Q3 24 | 8.6% | -49.5% | ||
| Q2 24 | -2.7% | -40.7% | ||
| Q1 24 | -4.3% | -46.4% |
净利率AVPTRKLB
| Q4 25 | 13.6% | -29.5% | ||
| Q3 25 | 11.9% | -11.8% | ||
| Q2 25 | 2.8% | -46.0% | ||
| Q1 25 | 3.8% | -49.5% | ||
| Q4 24 | -19.3% | -39.5% | ||
| Q3 24 | 3.0% | -49.6% | ||
| Q2 24 | -16.6% | -39.2% | ||
| Q1 24 | -2.6% | -47.7% |
每股收益（稀释后）AVPTRKLB
| Q4 25 | $0.06 | $-0.09 | ||
| Q3 25 | $0.06 | $-0.03 | ||
| Q2 25 | $0.01 | $-0.13 | ||
| Q1 25 | $0.02 | $-0.12 | ||
| Q4 24 | $-0.09 | $-0.11 | ||
| Q3 24 | $0.01 | $-0.10 | ||
| Q2 24 | $-0.07 | $-0.08 | ||
| Q1 24 | $-0.01 | $-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 | $481.1M | $1.0B |
| 总债务越低越好 | — | $152.4M |
| 股东权益账面价值 | $478.7M | $1.7B |
| 总资产 | $789.2M | $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AVPTRKLB
| Q4 25 | $481.1M | $1.0B | ||
| Q3 25 | $471.6M | $976.7M | ||
| Q2 25 | $430.1M | $688.1M | ||
| Q1 25 | $351.8M | $428.4M | ||
| Q4 24 | $290.9M | $419.0M | ||
| Q3 24 | $250.0M | $442.4M | ||
| Q2 24 | $230.8M | $496.8M | ||
| Q1 24 | $219.3M | $492.5M |
总债务AVPTRKLB
| 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AVPTRKLB
| Q4 25 | $478.7M | $1.7B | ||
| Q3 25 | $466.8M | $1.3B | ||
| Q2 25 | $443.1M | $688.5M | ||
| Q1 25 | $361.5M | $431.3M | ||
| Q4 24 | $270.9M | $382.5M | ||
| Q3 24 | $215.7M | $419.8M | ||
| Q2 24 | $207.4M | $455.2M | ||
| Q1 24 | $212.7M | $478.9M |
总资产AVPTRKLB
| Q4 25 | $789.2M | $2.3B | ||
| Q3 25 | $743.5M | $2.2B | ||
| Q2 25 | $700.1M | $1.6B | ||
| Q1 25 | $598.8M | $1.3B | ||
| Q4 24 | $519.1M | $1.2B | ||
| Q3 24 | $463.0M | $1.2B | ||
| Q2 24 | $427.3M | $1.2B | ||
| Q1 24 | $413.8M | $1.2B |
负债/权益比AVPTRKLB
| 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 | $29.7M | $-64.5M |
| 自由现金流经营现金流 - 资本支出 | $29.0M | $-114.2M |
| 自由现金流率自由现金流/营收 | 25.3% | -63.6% |
| 资本支出强度资本支出/营收 | 0.6% | 27.6% |
| 现金转化率经营现金流/净利润 | 1.90× | — |
| 过去12个月自由现金流最近4个季度 | $81.6M | $-321.8M |
8季度趋势，按日历期对齐
经营现金流AVPTRKLB
| Q4 25 | $29.7M | $-64.5M | ||
| Q3 25 | $34.8M | $-23.5M | ||
| Q2 25 | $20.3M | $-23.2M | ||
| Q1 25 | $495.0K | $-54.2M | ||
| Q4 24 | $32.8M | $-2.4M | ||
| Q3 24 | $32.2M | $-30.9M | ||
| Q2 24 | $16.2M | $-13.0M | ||
| Q1 24 | $7.8M | $-2.6M |
自由现金流AVPTRKLB
| Q4 25 | $29.0M | $-114.2M | ||
| Q3 25 | $34.3M | $-69.4M | ||
| Q2 25 | $19.3M | $-55.3M | ||
| Q1 25 | $-1.0M | $-82.9M | ||
| Q4 24 | $32.0M | $-23.9M | ||
| Q3 24 | $30.8M | $-41.9M | ||
| Q2 24 | $15.8M | $-28.3M | ||
| Q1 24 | $7.3M | $-21.8M |
自由现金流率AVPTRKLB
| Q4 25 | 25.3% | -63.6% | ||
| Q3 25 | 31.3% | -44.8% | ||
| Q2 25 | 18.9% | -38.3% | ||
| Q1 25 | -1.1% | -67.6% | ||
| Q4 24 | 35.9% | -18.1% | ||
| Q3 24 | 34.7% | -40.0% | ||
| Q2 24 | 20.2% | -26.7% | ||
| Q1 24 | 9.7% | -23.5% |
资本支出强度AVPTRKLB
| Q4 25 | 0.6% | 27.6% | ||
| Q3 25 | 0.5% | 29.6% | ||
| Q2 25 | 0.9% | 22.2% | ||
| Q1 25 | 1.6% | 23.4% | ||
| Q4 24 | 0.8% | 16.3% | ||
| Q3 24 | 1.6% | 10.5% | ||
| Q2 24 | 0.5% | 14.4% | ||
| Q1 24 | 0.7% | 20.7% |
现金转化率AVPTRKLB
| Q4 25 | 1.90× | — | ||
| Q3 25 | 2.68× | — | ||
| Q2 25 | 7.01× | — | ||
| Q1 25 | 0.14× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 12.30× | — | ||
| 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
AVPT
| SAAS | $88.9M | 78% |
| Services | $14.7M | 13% |
| Termed License And Support | $10.1M | 9% |
RKLB
| Products | $94.0M | 52% |
| Transferred Over Time | $87.3M | 49% |
