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Bandwidth Inc.（BAND）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
Bandwidth Inc.的季度营收约是Rocket Lab Corp的1.2倍（$208.8M vs $179.7M），Bandwidth Inc.净利率更高（1.9% vs -29.5%，领先31.4%），Rocket Lab Corp同比增速更快（35.7% vs 20.1%），Bandwidth Inc.自由现金流更多（$-1.0M vs $-114.2M），过去两年Rocket Lab Corp的营收复合增速更高（39.2% vs 9.7%）
Bandwidth Inc.是一家通信平台即服务提供商，依托自有全球IP语音网络，为客户提供语音、短信及应急服务相关的软件API产品，帮助开发者便捷集成通信功能，全球客户可借助其方案快速搭建符合需求的通信服务体系。
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。
BAND vs RKLB — 直观对比
营收规模更大
BAND
是对方的1.2倍
$179.7M
营收增速更快
RKLB
高出15.6%
20.1%
净利率更高
BAND
高出31.4%
-29.5%
自由现金流更多
BAND
多$113.2M
$-114.2M
两年增速更快
RKLB
近两年复合增速
9.7%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $208.8M | $179.7M |
| 净利润 | $4.0M | $-52.9M |
| 毛利率 | 37.3% | 38.0% |
| 营业利润率 | 60.5% | -28.4% |
| 净利率 | 1.9% | -29.5% |
| 营收同比 | 20.1% | 35.7% |
| 净利润同比 | 200.0% | -1.1% |
| 每股收益（稀释后） | $-0.08 | $-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BANDRKLB
| Q1 26 | $208.8M | — | ||
| Q4 25 | $207.7M | $179.7M | ||
| Q3 25 | $191.9M | $155.1M | ||
| Q2 25 | $180.0M | $144.5M | ||
| Q1 25 | $174.2M | $122.6M | ||
| Q4 24 | $210.0M | $132.4M | ||
| Q3 24 | $193.9M | $104.8M | ||
| Q2 24 | $173.6M | $106.3M |
净利润BANDRKLB
| Q1 26 | $4.0M | — | ||
| Q4 25 | — | $-52.9M | ||
| Q3 25 | $-1.2M | $-18.3M | ||
| Q2 25 | $-4.9M | $-66.4M | ||
| Q1 25 | $-3.7M | $-60.6M | ||
| Q4 24 | — | $-52.3M | ||
| Q3 24 | $413.0K | $-51.9M | ||
| Q2 24 | $4.1M | $-41.6M |
毛利率BANDRKLB
| Q1 26 | 37.3% | — | ||
| Q4 25 | 37.6% | 38.0% | ||
| Q3 25 | 38.5% | 37.0% | ||
| Q2 25 | 39.8% | 32.1% | ||
| Q1 25 | 41.0% | 28.8% | ||
| Q4 24 | 36.4% | 27.8% | ||
| Q3 24 | 37.7% | 26.7% | ||
| Q2 24 | 37.3% | 25.6% |
营业利润率BANDRKLB
| Q1 26 | 60.5% | — | ||
| Q4 25 | -1.9% | -28.4% | ||
| Q3 25 | -1.0% | -38.0% | ||
| Q2 25 | -2.1% | -41.3% | ||
| Q1 25 | -2.7% | -48.3% | ||
| Q4 24 | -1.3% | -38.9% | ||
| Q3 24 | -0.5% | -49.5% | ||
| Q2 24 | -3.5% | -40.7% |
净利率BANDRKLB
| Q1 26 | 1.9% | — | ||
| Q4 25 | — | -29.5% | ||
| Q3 25 | -0.6% | -11.8% | ||
| Q2 25 | -2.7% | -46.0% | ||
| Q1 25 | -2.1% | -49.5% | ||
| Q4 24 | — | -39.5% | ||
| Q3 24 | 0.2% | -49.6% | ||
| Q2 24 | 2.3% | -39.2% |
每股收益（稀释后）BANDRKLB
| Q1 26 | $-0.08 | — | ||
| Q4 25 | $-0.10 | $-0.09 | ||
| Q3 25 | $-0.04 | $-0.03 | ||
| Q2 25 | $-0.16 | $-0.13 | ||
| Q1 25 | $-0.13 | $-0.12 | ||
| Q4 24 | $0.27 | $-0.11 | ||
| Q3 24 | $0.01 | $-0.10 | ||
| Q2 24 | $-0.17 | $-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 | $47.3M | $1.0B |
| 总债务越低越好 | — | $152.4M |
| 股东权益账面价值 | $405.7M | $1.7B |
| 总资产 | $984.2M | $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BANDRKLB
| Q1 26 | $47.3M | — | ||
| Q4 25 | $111.3M | $1.0B | ||
| Q3 25 | $80.4M | $976.7M | ||
| Q2 25 | $68.1M | $688.1M | ||
| Q1 25 | $41.7M | $428.4M | ||
| Q4 24 | $83.8M | $419.0M | ||
| Q3 24 | $79.9M | $442.4M | ||
| Q2 24 | $76.4M | $496.8M |
总债务BANDRKLB
| 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BANDRKLB
| Q1 26 | $405.7M | — | ||
| Q4 25 | $400.0M | $1.7B | ||
| Q3 25 | $392.7M | $1.3B | ||
| Q2 25 | $384.5M | $688.5M | ||
| Q1 25 | $345.4M | $431.3M | ||
| Q4 24 | $312.5M | $382.5M | ||
| Q3 24 | $336.6M | $419.8M | ||
| Q2 24 | $307.4M | $455.2M |
总资产BANDRKLB
| Q1 26 | $984.2M | — | ||
| Q4 25 | $1.1B | $2.3B | ||
| Q3 25 | $1.0B | $2.2B | ||
| Q2 25 | $1.0B | $1.6B | ||
| Q1 25 | $964.4M | $1.3B | ||
| Q4 24 | $989.2M | $1.2B | ||
| Q3 24 | $1.0B | $1.2B | ||
| Q2 24 | $1.0B | $1.2B |
负债/权益比BANDRKLB
| 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 | — | $-64.5M |
| 自由现金流经营现金流 - 资本支出 | $-1.0M | $-114.2M |
| 自由现金流率自由现金流/营收 | -0.5% | -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 | — | — |
| 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BANDRKLB
| Q1 26 | — | — | ||
| Q4 25 | $38.6M | $-64.5M | ||
| Q3 25 | $22.2M | $-23.5M | ||
| Q2 25 | $31.7M | $-23.2M | ||
| Q1 25 | $-3.1M | $-54.2M | ||
| Q4 24 | $36.5M | $-2.4M | ||
| Q3 24 | $20.5M | $-30.9M | ||
| Q2 24 | $24.4M | $-13.0M |
自由现金流BANDRKLB
| Q1 26 | $-1.0M | — | ||
| 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 |
自由现金流率BANDRKLB
| Q1 26 | -0.5% | — | ||
| 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% |
资本支出强度BANDRKLB
| Q1 26 | — | — | ||
| 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% |
现金转化率BANDRKLB
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 49.55× | — | ||
| Q2 24 | 6.03× | — |
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
BAND
暂无分部数据
RKLB
| Products | $94.0M | 52% |
| Transferred Over Time | $87.3M | 49% |
