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BEL FUSE INC（BELFA）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BEL FUSE INC的1.0倍（$179.7M vs $178.5M），BEL FUSE INC净利率更高（8.4% vs -29.5%，领先37.9%），Rocket Lab Corp同比增速更快（35.7% vs 17.2%），过去两年Rocket Lab Corp的营收复合增速更高（39.2% vs 15.8%）
Bel Fuse Inc.是一家全球化电子元器件制造商，主营互连解决方案、磁元件及电路保护产品，服务汽车、数据通信、航空航天、工业、消费电子等领域的原始设备制造商和合同制造商，业务覆盖北美、欧洲、亚洲多地。
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。
BELFA vs RKLB — 直观对比
营收规模更大
RKLB
是对方的1.0倍
$178.5M
营收增速更快
RKLB
高出18.5%
17.2%
净利率更高
BELFA
高出37.9%
-29.5%
两年增速更快
RKLB
近两年复合增速
15.8%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $178.5M | $179.7M |
| 净利润 | $15.0M | $-52.9M |
| 毛利率 | 39.0% | 38.0% |
| 营业利润率 | 13.3% | -28.4% |
| 净利率 | 8.4% | -29.5% |
| 营收同比 | 17.2% | 35.7% |
| 净利润同比 | -18.2% | -1.1% |
| 每股收益（稀释后） | — | $-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BELFARKLB
| Q1 26 | $178.5M | — | ||
| Q4 25 | $175.9M | $179.7M | ||
| Q3 25 | $179.0M | $155.1M | ||
| Q2 25 | $168.3M | $144.5M | ||
| Q1 25 | $152.2M | $122.6M | ||
| Q4 24 | $149.9M | $132.4M | ||
| Q3 24 | $123.6M | $104.8M | ||
| Q2 24 | $133.2M | $106.3M |
净利润BELFARKLB
| Q1 26 | $15.0M | — | ||
| Q4 25 | $6.4M | $-52.9M | ||
| Q3 25 | $22.6M | $-18.3M | ||
| Q2 25 | $26.8M | $-66.4M | ||
| Q1 25 | $17.9M | $-60.6M | ||
| Q4 24 | $6.4M | $-52.3M | ||
| Q3 24 | $8.1M | $-51.9M | ||
| Q2 24 | $18.8M | $-41.6M |
毛利率BELFARKLB
| Q1 26 | 39.0% | — | ||
| Q4 25 | 39.4% | 38.0% | ||
| Q3 25 | 39.7% | 37.0% | ||
| Q2 25 | 38.7% | 32.1% | ||
| Q1 25 | 38.6% | 28.8% | ||
| Q4 24 | 37.5% | 27.8% | ||
| Q3 24 | 36.1% | 26.7% | ||
| Q2 24 | 40.1% | 25.6% |
营业利润率BELFARKLB
| Q1 26 | 13.3% | — | ||
| Q4 25 | 14.7% | -28.4% | ||
| Q3 25 | 16.9% | -38.0% | ||
| Q2 25 | 17.7% | -41.3% | ||
| Q1 25 | 16.4% | -48.3% | ||
| Q4 24 | 8.3% | -38.9% | ||
| Q3 24 | 9.3% | -49.5% | ||
| Q2 24 | 17.0% | -40.7% |
净利率BELFARKLB
| Q1 26 | 8.4% | — | ||
| Q4 25 | 3.7% | -29.5% | ||
| Q3 25 | 12.6% | -11.8% | ||
| Q2 25 | 15.9% | -46.0% | ||
| Q1 25 | 11.7% | -49.5% | ||
| Q4 24 | 4.3% | -39.5% | ||
| Q3 24 | 6.5% | -49.6% | ||
| Q2 24 | 14.1% | -39.2% |
每股收益（稀释后）BELFARKLB
| Q1 26 | — | — | ||
| Q4 25 | — | $-0.09 | ||
| Q3 25 | — | $-0.03 | ||
| Q2 25 | — | $-0.13 | ||
| Q1 25 | — | $-0.12 | ||
| Q4 24 | — | $-0.11 | ||
| Q3 24 | — | $-0.10 | ||
| Q2 24 | — | $-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 | $59.4M | $1.0B |
| 总债务越低越好 | $204.5M | $152.4M |
| 股东权益账面价值 | $438.9M | $1.7B |
| 总资产 | $951.9M | $2.3B |
| 负债/权益比越低杠杆越低 | 0.47× | 0.09× |
8季度趋势，按日历期对齐
现金及短期投资BELFARKLB
| Q1 26 | $59.4M | — | ||
| Q4 25 | $57.8M | $1.0B | ||
| Q3 25 | $57.7M | $976.7M | ||
| Q2 25 | $59.3M | $688.1M | ||
| Q1 25 | $65.9M | $428.4M | ||
| Q4 24 | $68.3M | $419.0M | ||
| Q3 24 | $134.3M | $442.4M | ||
| Q2 24 | $85.0M | $496.8M |
总债务BELFARKLB
| Q1 26 | $204.5M | — | ||
| Q4 25 | $197.5M | $152.4M | ||
| Q3 25 | — | $347.0M | ||
| Q2 25 | — | $346.5M | ||
| Q1 25 | — | $345.9M | ||
| Q4 24 | $287.5M | $345.4M | ||
| Q3 24 | — | $61.2M | ||
| Q2 24 | — | $64.2M |
股东权益BELFARKLB
| Q1 26 | $438.9M | — | ||
| Q4 25 | $425.5M | $1.7B | ||
| Q3 25 | $427.8M | $1.3B | ||
| Q2 25 | $404.7M | $688.5M | ||
| Q1 25 | $376.9M | $431.3M | ||
| Q4 24 | $360.6M | $382.5M | ||
| Q3 24 | $367.4M | $419.8M | ||
| Q2 24 | $356.4M | $455.2M |
总资产BELFARKLB
| Q1 26 | $951.9M | — | ||
| Q4 25 | $935.2M | $2.3B | ||
| Q3 25 | $952.8M | $2.2B | ||
| Q2 25 | $950.6M | $1.6B | ||
| Q1 25 | $940.5M | $1.3B | ||
| Q4 24 | $949.8M | $1.2B | ||
| Q3 24 | $584.4M | $1.2B | ||
| Q2 24 | $567.6M | $1.2B |
负债/权益比BELFARKLB
| Q1 26 | 0.47× | — | ||
| Q4 25 | 0.46× | 0.09× | ||
| Q3 25 | — | 0.27× | ||
| Q2 25 | — | 0.50× | ||
| Q1 25 | — | 0.80× | ||
| Q4 24 | 0.80× | 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 | $13.8M | $-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 | 0.92× | — |
| 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BELFARKLB
| Q1 26 | $13.8M | — | ||
| Q4 25 | $29.6M | $-64.5M | ||
| Q3 25 | $22.2M | $-23.5M | ||
| Q2 25 | $20.7M | $-23.2M | ||
| Q1 25 | $8.1M | $-54.2M | ||
| Q4 24 | $8.3M | $-2.4M | ||
| Q3 24 | $27.4M | $-30.9M | ||
| Q2 24 | $32.2M | $-13.0M |
自由现金流BELFARKLB
| Q1 26 | — | — | ||
| Q4 25 | $26.1M | $-114.2M | ||
| Q3 25 | $20.3M | $-69.4M | ||
| Q2 25 | $16.8M | $-55.3M | ||
| Q1 25 | $5.4M | $-82.9M | ||
| Q4 24 | $2.1M | $-23.9M | ||
| Q3 24 | $23.7M | $-41.9M | ||
| Q2 24 | $30.8M | $-28.3M |
自由现金流率BELFARKLB
| Q1 26 | — | — | ||
| Q4 25 | 14.9% | -63.6% | ||
| Q3 25 | 11.4% | -44.8% | ||
| Q2 25 | 10.0% | -38.3% | ||
| Q1 25 | 3.5% | -67.6% | ||
| Q4 24 | 1.4% | -18.1% | ||
| Q3 24 | 19.2% | -40.0% | ||
| Q2 24 | 23.2% | -26.7% |
资本支出强度BELFARKLB
| Q1 26 | — | — | ||
| Q4 25 | 1.9% | 27.6% | ||
| Q3 25 | 1.0% | 29.6% | ||
| Q2 25 | 2.3% | 22.2% | ||
| Q1 25 | 1.8% | 23.4% | ||
| Q4 24 | 4.1% | 16.3% | ||
| Q3 24 | 2.9% | 10.5% | ||
| Q2 24 | 1.0% | 14.4% |
现金转化率BELFARKLB
| Q1 26 | 0.92× | — | ||
| Q4 25 | 4.59× | — | ||
| Q3 25 | 0.98× | — | ||
| Q2 25 | 0.77× | — | ||
| Q1 25 | 0.46× | — | ||
| Q4 24 | 1.30× | — | ||
| Q3 24 | 3.39× | — | ||
| Q2 24 | 1.71× | — |
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
BELFA
暂无分部数据
RKLB
| Products | $94.0M | 52% |
| Transferred Over Time | $87.3M | 49% |
