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Bowhead Specialty Holdings Inc.（BOW）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Bowhead Specialty Holdings Inc.的1.2倍（$179.7M vs $151.7M），Bowhead Specialty Holdings Inc.净利率更高（9.8% vs -29.5%，领先39.2%），Bowhead Specialty Holdings Inc.自由现金流更多（$326.0M vs $-114.2M）
Bowhead Specialty Holdings Inc.是一家专业保险控股企业，主营财产及意外伤害保险产品，聚焦北美地区服务不足的小众细分市场，为商业和个人客户提供定制化风险管理方案与专属保险保障服务。
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。
BOW vs RKLB — 直观对比
营收规模更大
RKLB
是对方的1.2倍
$151.7M
净利率更高
BOW
高出39.2%
-29.5%
自由现金流更多
BOW
多$440.2M
$-114.2M
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $151.7M | $179.7M |
| 净利润 | $14.8M | $-52.9M |
| 毛利率 | — | 38.0% |
| 营业利润率 | 11.7% | -28.4% |
| 净利率 | 9.8% | -29.5% |
| 营收同比 | — | 35.7% |
| 净利润同比 | — | -1.1% |
| 每股收益（稀释后） | $0.44 | $-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BOWRKLB
| Q4 25 | $151.7M | $179.7M | ||
| Q3 25 | $143.9M | $155.1M | ||
| Q2 25 | $133.3M | $144.5M | ||
| Q1 25 | $122.7M | $122.6M | ||
| Q4 24 | — | $132.4M | ||
| Q3 24 | $116.8M | $104.8M | ||
| Q2 24 | $98.9M | $106.3M | ||
| Q1 24 | — | $92.8M |
净利润BOWRKLB
| Q4 25 | $14.8M | $-52.9M | ||
| Q3 25 | $15.2M | $-18.3M | ||
| Q2 25 | $12.3M | $-66.4M | ||
| Q1 25 | $11.4M | $-60.6M | ||
| Q4 24 | — | $-52.3M | ||
| Q3 24 | $12.1M | $-51.9M | ||
| Q2 24 | $5.5M | $-41.6M | ||
| Q1 24 | — | $-44.3M |
毛利率BOWRKLB
| 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% | ||
| Q1 24 | — | 26.1% |
营业利润率BOWRKLB
| Q4 25 | 11.7% | -28.4% | ||
| Q3 25 | 13.3% | -38.0% | ||
| Q2 25 | 11.9% | -41.3% | ||
| Q1 25 | 11.8% | -48.3% | ||
| Q4 24 | — | -38.9% | ||
| Q3 24 | 13.5% | -49.5% | ||
| Q2 24 | 7.5% | -40.7% | ||
| Q1 24 | — | -46.4% |
净利率BOWRKLB
| Q4 25 | 9.8% | -29.5% | ||
| Q3 25 | 10.5% | -11.8% | ||
| Q2 25 | 9.3% | -46.0% | ||
| Q1 25 | 9.3% | -49.5% | ||
| Q4 24 | — | -39.5% | ||
| Q3 24 | 10.4% | -49.6% | ||
| Q2 24 | 5.6% | -39.2% | ||
| Q1 24 | — | -47.7% |
每股收益（稀释后）BOWRKLB
| Q4 25 | $0.44 | $-0.09 | ||
| Q3 25 | $0.45 | $-0.03 | ||
| Q2 25 | $0.36 | $-0.13 | ||
| Q1 25 | $0.34 | $-0.12 | ||
| Q4 24 | — | $-0.11 | ||
| Q3 24 | $0.36 | $-0.10 | ||
| Q2 24 | $0.20 | $-0.08 | ||
| Q1 24 | — | $-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 | $193.5M | $1.0B |
| 总债务越低越好 | $146.4M | $152.4M |
| 股东权益账面价值 | $448.3M | $1.7B |
| 总资产 | $2.4B | $2.3B |
| 负债/权益比越低杠杆越低 | 0.33× | 0.09× |
8季度趋势，按日历期对齐
现金及短期投资BOWRKLB
| Q4 25 | $193.5M | $1.0B | ||
| Q3 25 | $197.9M | $976.7M | ||
| Q2 25 | $114.8M | $688.1M | ||
| Q1 25 | $88.0M | $428.4M | ||
| Q4 24 | — | $419.0M | ||
| Q3 24 | $132.9M | $442.4M | ||
| Q2 24 | $180.3M | $496.8M | ||
| Q1 24 | — | $492.5M |
总债务BOWRKLB
| Q4 25 | $146.4M | $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BOWRKLB
| Q4 25 | $448.3M | $1.7B | ||
| Q3 25 | $430.2M | $1.3B | ||
| Q2 25 | $407.2M | $688.5M | ||
| Q1 25 | $391.0M | $431.3M | ||
| Q4 24 | — | $382.5M | ||
| Q3 24 | $364.7M | $419.8M | ||
| Q2 24 | $339.9M | $455.2M | ||
| Q1 24 | — | $478.9M |
总资产BOWRKLB
| Q4 25 | $2.4B | $2.3B | ||
| Q3 25 | $2.1B | $2.2B | ||
| Q2 25 | $1.9B | $1.6B | ||
| Q1 25 | $1.8B | $1.3B | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | $1.5B | $1.2B | ||
| Q2 24 | $1.4B | $1.2B | ||
| Q1 24 | — | $1.2B |
负债/权益比BOWRKLB
| Q4 25 | 0.33× | 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 | $331.6M | $-64.5M |
| 自由现金流经营现金流 - 资本支出 | $326.0M | $-114.2M |
| 自由现金流率自由现金流/营收 | 214.9% | -63.6% |
| 资本支出强度资本支出/营收 | 3.7% | 27.6% |
| 现金转化率经营现金流/净利润 | 22.34× | — |
| 过去12个月自由现金流最近4个季度 | $593.4M | $-321.8M |
8季度趋势，按日历期对齐
经营现金流BOWRKLB
| Q4 25 | $331.6M | $-64.5M | ||
| Q3 25 | $114.7M | $-23.5M | ||
| Q2 25 | $109.0M | $-23.2M | ||
| Q1 25 | $47.7M | $-54.2M | ||
| Q4 24 | — | $-2.4M | ||
| Q3 24 | $119.4M | $-30.9M | ||
| Q2 24 | — | $-13.0M | ||
| Q1 24 | — | $-2.6M |
自由现金流BOWRKLB
| Q4 25 | $326.0M | $-114.2M | ||
| Q3 25 | $113.5M | $-69.4M | ||
| Q2 25 | $107.4M | $-55.3M | ||
| Q1 25 | $46.5M | $-82.9M | ||
| Q4 24 | — | $-23.9M | ||
| Q3 24 | $118.4M | $-41.9M | ||
| Q2 24 | — | $-28.3M | ||
| Q1 24 | — | $-21.8M |
自由现金流率BOWRKLB
| Q4 25 | 214.9% | -63.6% | ||
| Q3 25 | 78.8% | -44.8% | ||
| Q2 25 | 80.6% | -38.3% | ||
| Q1 25 | 37.9% | -67.6% | ||
| Q4 24 | — | -18.1% | ||
| Q3 24 | 101.4% | -40.0% | ||
| Q2 24 | — | -26.7% | ||
| Q1 24 | — | -23.5% |
资本支出强度BOWRKLB
| Q4 25 | 3.7% | 27.6% | ||
| Q3 25 | 0.9% | 29.6% | ||
| Q2 25 | 1.2% | 22.2% | ||
| Q1 25 | 1.0% | 23.4% | ||
| Q4 24 | — | 16.3% | ||
| Q3 24 | 0.9% | 10.5% | ||
| Q2 24 | — | 14.4% | ||
| Q1 24 | — | 20.7% |
现金转化率BOWRKLB
| Q4 25 | 22.34× | — | ||
| Q3 25 | 7.56× | — | ||
| Q2 25 | 8.83× | — | ||
| Q1 25 | 4.18× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 9.88× | — | ||
| 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
BOW
暂无分部数据
RKLB
| Products | $94.0M | 52% |
| Transferred Over Time | $87.3M | 49% |
