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Broadstone Net Lease, Inc.（BNL）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Broadstone Net Lease, Inc.的1.5倍（$179.7M vs $121.4M），Broadstone Net Lease, Inc.净利率更高（38.2% vs -29.5%，领先67.7%），Rocket Lab Corp同比增速更快（35.7% vs 11.7%），过去两年Rocket Lab Corp的营收复合增速更高（39.2% vs 7.1%）
Broadstone Net Lease, Inc.是一家房地产投资信托公司，主要在美国市场收购、持有并管理单一租户商业地产资产组合，覆盖工业设施、医疗物业、零售门店、办公空间等核心板块，所有物业均与租户签订长期净租赁协议。
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。
BNL vs RKLB — 直观对比
营收规模更大
RKLB
是对方的1.5倍
$121.4M
营收增速更快
RKLB
高出24.0%
11.7%
净利率更高
BNL
高出67.7%
-29.5%
两年增速更快
RKLB
近两年复合增速
7.1%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $121.4M | $179.7M |
| 净利润 | $46.4M | $-52.9M |
| 毛利率 | — | 38.0% |
| 营业利润率 | 52.2% | -28.4% |
| 净利率 | 38.2% | -29.5% |
| 营收同比 | 11.7% | 35.7% |
| 净利润同比 | — | -1.1% |
| 每股收益（稀释后） | $0.24 | $-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BNLRKLB
| Q1 26 | $121.4M | — | ||
| Q4 25 | $118.3M | $179.7M | ||
| Q3 25 | $114.2M | $155.1M | ||
| Q2 25 | $113.0M | $144.5M | ||
| Q1 25 | $108.7M | $122.6M | ||
| Q4 24 | $112.1M | $132.4M | ||
| Q3 24 | $108.4M | $104.8M | ||
| Q2 24 | $105.9M | $106.3M |
净利润BNLRKLB
| Q1 26 | $46.4M | — | ||
| Q4 25 | $33.1M | $-52.9M | ||
| Q3 25 | $26.5M | $-18.3M | ||
| Q2 25 | $20.2M | $-66.4M | ||
| Q1 25 | $16.7M | $-60.6M | ||
| Q4 24 | $26.4M | $-52.3M | ||
| Q3 24 | $35.6M | $-51.9M | ||
| Q2 24 | $35.3M | $-41.6M |
毛利率BNLRKLB
| Q1 26 | — | — | ||
| Q4 25 | — | 38.0% | ||
| Q3 25 | — | 37.0% | ||
| Q2 25 | — | 32.1% | ||
| Q1 25 | — | 28.8% | ||
| Q4 24 | — | 27.8% | ||
| Q3 24 | — | 26.7% | ||
| Q2 24 | — | 25.6% |
营业利润率BNLRKLB
| Q1 26 | 52.2% | — | ||
| Q4 25 | — | -28.4% | ||
| Q3 25 | — | -38.0% | ||
| Q2 25 | — | -41.3% | ||
| Q1 25 | — | -48.3% | ||
| Q4 24 | — | -38.9% | ||
| Q3 24 | — | -49.5% | ||
| Q2 24 | — | -40.7% |
净利率BNLRKLB
| Q1 26 | 38.2% | — | ||
| Q4 25 | 28.0% | -29.5% | ||
| Q3 25 | 23.2% | -11.8% | ||
| Q2 25 | 17.8% | -46.0% | ||
| Q1 25 | 15.4% | -49.5% | ||
| Q4 24 | 23.5% | -39.5% | ||
| Q3 24 | 32.8% | -49.6% | ||
| Q2 24 | 33.4% | -39.2% |
每股收益（稀释后）BNLRKLB
| Q1 26 | $0.24 | — | ||
| Q4 25 | $0.17 | $-0.09 | ||
| Q3 25 | $0.14 | $-0.03 | ||
| Q2 25 | $0.10 | $-0.13 | ||
| Q1 25 | $0.09 | $-0.12 | ||
| Q4 24 | $0.13 | $-0.11 | ||
| Q3 24 | $0.19 | $-0.10 | ||
| Q2 24 | $0.19 | $-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 | $20.3M | $1.0B |
| 总债务越低越好 | — | $152.4M |
| 股东权益账面价值 | $3.0B | $1.7B |
| 总资产 | $5.8B | $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BNLRKLB
| Q1 26 | $20.3M | — | ||
| Q4 25 | $30.5M | $1.0B | ||
| Q3 25 | $82.0M | $976.7M | ||
| Q2 25 | $20.8M | $688.1M | ||
| Q1 25 | $9.6M | $428.4M | ||
| Q4 24 | $14.8M | $419.0M | ||
| Q3 24 | $9.0M | $442.4M | ||
| Q2 24 | $18.3M | $496.8M |
总债务BNLRKLB
| Q1 26 | — | — | ||
| Q4 25 | $2.5B | $152.4M | ||
| Q3 25 | $2.4B | $347.0M | ||
| Q2 25 | $2.1B | $346.5M | ||
| Q1 25 | $2.0B | $345.9M | ||
| Q4 24 | $1.9B | $345.4M | ||
| Q3 24 | $2.0B | $61.2M | ||
| Q2 24 | $1.9B | $64.2M |
股东权益BNLRKLB
| Q1 26 | $3.0B | — | ||
| Q4 25 | $2.9B | $1.7B | ||
| Q3 25 | $2.9B | $1.3B | ||
| Q2 25 | $2.9B | $688.5M | ||
| Q1 25 | $2.9B | $431.3M | ||
| Q4 24 | $3.0B | $382.5M | ||
| Q3 24 | $3.0B | $419.8M | ||
| Q2 24 | $3.1B | $455.2M |
总资产BNLRKLB
| Q1 26 | $5.8B | — | ||
| Q4 25 | $5.7B | $2.3B | ||
| Q3 25 | $5.5B | $2.2B | ||
| Q2 25 | $5.3B | $1.6B | ||
| Q1 25 | $5.2B | $1.3B | ||
| Q4 24 | $5.2B | $1.2B | ||
| Q3 24 | $5.3B | $1.2B | ||
| Q2 24 | $5.3B | $1.2B |
负债/权益比BNLRKLB
| Q1 26 | — | — | ||
| Q4 25 | 0.87× | 0.09× | ||
| Q3 25 | 0.82× | 0.27× | ||
| Q2 25 | 0.73× | 0.50× | ||
| Q1 25 | 0.68× | 0.80× | ||
| Q4 24 | 0.64× | 0.90× | ||
| Q3 24 | 0.65× | 0.15× | ||
| Q2 24 | 0.62× | 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 | — | $-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 | — | — |
| 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BNLRKLB
| Q1 26 | — | — | ||
| Q4 25 | $299.5M | $-64.5M | ||
| Q3 25 | $64.2M | $-23.5M | ||
| Q2 25 | $79.3M | $-23.2M | ||
| Q1 25 | $71.5M | $-54.2M | ||
| Q4 24 | $276.3M | $-2.4M | ||
| Q3 24 | $67.3M | $-30.9M | ||
| Q2 24 | $74.2M | $-13.0M |
自由现金流BNLRKLB
| Q1 26 | — | — | ||
| Q4 25 | $269.8M | $-114.2M | ||
| Q3 25 | $58.0M | $-69.4M | ||
| Q2 25 | $76.7M | $-55.3M | ||
| Q1 25 | $57.1M | $-82.9M | ||
| Q4 24 | $259.5M | $-23.9M | ||
| Q3 24 | $60.3M | $-41.9M | ||
| Q2 24 | $74.0M | $-28.3M |
自由现金流率BNLRKLB
| Q1 26 | — | — | ||
| Q4 25 | 228.1% | -63.6% | ||
| Q3 25 | 50.8% | -44.8% | ||
| Q2 25 | 67.9% | -38.3% | ||
| Q1 25 | 52.5% | -67.6% | ||
| Q4 24 | 231.4% | -18.1% | ||
| Q3 24 | 55.6% | -40.0% | ||
| Q2 24 | 69.9% | -26.7% |
资本支出强度BNLRKLB
| Q1 26 | — | — | ||
| Q4 25 | 25.1% | 27.6% | ||
| Q3 25 | 5.4% | 29.6% | ||
| Q2 25 | 2.3% | 22.2% | ||
| Q1 25 | 13.2% | 23.4% | ||
| Q4 24 | 15.0% | 16.3% | ||
| Q3 24 | 6.5% | 10.5% | ||
| Q2 24 | 0.2% | 14.4% |
现金转化率BNLRKLB
| Q1 26 | — | — | ||
| Q4 25 | 9.04× | — | ||
| Q3 25 | 2.43× | — | ||
| Q2 25 | 3.93× | — | ||
| Q1 25 | 4.27× | — | ||
| Q4 24 | 10.47× | — | ||
| Q3 24 | 1.89× | — | ||
| Q2 24 | 2.10× | — |
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
BNL
暂无分部数据
RKLB
| Products | $94.0M | 52% |
| Transferred Over Time | $87.3M | 49% |
