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CALIX, INC（CALX）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
CALIX, INC的季度营收约是Rocket Lab Corp的1.6倍（$280.0M vs $179.7M），CALIX, INC净利率更高（4.0% vs -29.5%，领先33.5%），Rocket Lab Corp同比增速更快（35.7% vs 27.1%），CALIX, INC自由现金流更多（$6.5M vs $-114.2M），过去两年Rocket Lab Corp的营收复合增速更高（39.2% vs 18.9%）
Calix是1999年成立、总部位于美国加利福尼亚州圣何塞的电信企业，专注于提供软件平台、系统及相关服务，为宽带业务的部署落地提供技术支撑，助力运营商为用户提供稳定高效的网络接入服务。
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。
CALX vs RKLB — 直观对比
营收规模更大
CALX
是对方的1.6倍
$179.7M
营收增速更快
RKLB
高出8.6%
27.1%
净利率更高
CALX
高出33.5%
-29.5%
自由现金流更多
CALX
多$120.7M
$-114.2M
两年增速更快
RKLB
近两年复合增速
18.9%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $280.0M | $179.7M |
| 净利润 | $11.2M | $-52.9M |
| 毛利率 | 56.9% | 38.0% |
| 营业利润率 | 47.6% | -28.4% |
| 净利率 | 4.0% | -29.5% |
| 营收同比 | 27.1% | 35.7% |
| 净利润同比 | — | -1.1% |
| 每股收益（稀释后） | $0.16 | $-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CALXRKLB
| Q1 26 | $280.0M | — | ||
| Q4 25 | $272.4M | $179.7M | ||
| Q3 25 | $265.4M | $155.1M | ||
| Q2 25 | $241.9M | $144.5M | ||
| Q1 25 | $220.2M | $122.6M | ||
| Q4 24 | $206.1M | $132.4M | ||
| Q3 24 | $200.9M | $104.8M | ||
| Q2 24 | $198.1M | $106.3M |
净利润CALXRKLB
| Q1 26 | $11.2M | — | ||
| Q4 25 | $7.2M | $-52.9M | ||
| Q3 25 | $15.7M | $-18.3M | ||
| Q2 25 | $-199.0K | $-66.4M | ||
| Q1 25 | $-4.8M | $-60.6M | ||
| Q4 24 | $-17.9M | $-52.3M | ||
| Q3 24 | $-4.0M | $-51.9M | ||
| Q2 24 | $-8.0M | $-41.6M |
毛利率CALXRKLB
| Q1 26 | 56.9% | — | ||
| Q4 25 | 57.7% | 38.0% | ||
| Q3 25 | 57.3% | 37.0% | ||
| Q2 25 | 56.3% | 32.1% | ||
| Q1 25 | 55.7% | 28.8% | ||
| Q4 24 | 55.0% | 27.8% | ||
| Q3 24 | 54.8% | 26.7% | ||
| Q2 24 | 54.3% | 25.6% |
营业利润率CALXRKLB
| Q1 26 | 47.6% | — | ||
| Q4 25 | 3.4% | -28.4% | ||
| Q3 25 | 6.6% | -38.0% | ||
| Q2 25 | 0.2% | -41.3% | ||
| Q1 25 | -2.8% | -48.3% | ||
| Q4 24 | -9.1% | -38.9% | ||
| Q3 24 | -5.4% | -49.5% | ||
| Q2 24 | -5.7% | -40.7% |
净利率CALXRKLB
| Q1 26 | 4.0% | — | ||
| Q4 25 | 2.6% | -29.5% | ||
| Q3 25 | 5.9% | -11.8% | ||
| Q2 25 | -0.1% | -46.0% | ||
| Q1 25 | -2.2% | -49.5% | ||
| Q4 24 | -8.7% | -39.5% | ||
| Q3 24 | -2.0% | -49.6% | ||
| Q2 24 | -4.0% | -39.2% |
每股收益（稀释后）CALXRKLB
| Q1 26 | $0.16 | — | ||
| Q4 25 | $0.11 | $-0.09 | ||
| Q3 25 | $0.22 | $-0.03 | ||
| Q2 25 | $0.00 | $-0.13 | ||
| Q1 25 | $-0.07 | $-0.12 | ||
| Q4 24 | $-0.27 | $-0.11 | ||
| Q3 24 | $-0.06 | $-0.10 | ||
| Q2 24 | $-0.12 | $-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 | $54.6M | $1.0B |
| 总债务越低越好 | — | $152.4M |
| 股东权益账面价值 | $738.0M | $1.7B |
| 总资产 | — | $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CALXRKLB
| Q1 26 | $54.6M | — | ||
| Q4 25 | $143.1M | $1.0B | ||
| Q3 25 | $95.0M | $976.7M | ||
| Q2 25 | $76.5M | $688.1M | ||
| Q1 25 | $42.3M | $428.4M | ||
| Q4 24 | $43.2M | $419.0M | ||
| Q3 24 | $62.4M | $442.4M | ||
| Q2 24 | $84.5M | $496.8M |
总债务CALXRKLB
| 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CALXRKLB
| Q1 26 | $738.0M | — | ||
| Q4 25 | $859.2M | $1.7B | ||
| Q3 25 | $822.5M | $1.3B | ||
| Q2 25 | $772.7M | $688.5M | ||
| Q1 25 | $767.2M | $431.3M | ||
| Q4 24 | $780.9M | $382.5M | ||
| Q3 24 | $778.7M | $419.8M | ||
| Q2 24 | $754.2M | $455.2M |
总资产CALXRKLB
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $2.3B | ||
| Q3 25 | $976.4M | $2.2B | ||
| Q2 25 | $921.4M | $1.6B | ||
| Q1 25 | $917.1M | $1.3B | ||
| Q4 24 | $939.3M | $1.2B | ||
| Q3 24 | $937.5M | $1.2B | ||
| Q2 24 | $917.9M | $1.2B |
负债/权益比CALXRKLB
| 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 | $14.6M | $-64.5M |
| 自由现金流经营现金流 - 资本支出 | $6.5M | $-114.2M |
| 自由现金流率自由现金流/营收 | 2.3% | -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 | 1.31× | — |
| 过去12个月自由现金流最近4个季度 | $109.1M | $-321.8M |
8季度趋势，按日历期对齐
经营现金流CALXRKLB
| Q1 26 | $14.6M | — | ||
| Q4 25 | $46.0M | $-64.5M | ||
| Q3 25 | $32.3M | $-23.5M | ||
| Q2 25 | $39.4M | $-23.2M | ||
| Q1 25 | $17.2M | $-54.2M | ||
| Q4 24 | $15.4M | $-2.4M | ||
| Q3 24 | $16.0M | $-30.9M | ||
| Q2 24 | $22.3M | $-13.0M |
自由现金流CALXRKLB
| Q1 26 | $6.5M | — | ||
| Q4 25 | $40.3M | $-114.2M | ||
| Q3 25 | $26.7M | $-69.4M | ||
| Q2 25 | $35.6M | $-55.3M | ||
| Q1 25 | $12.9M | $-82.9M | ||
| Q4 24 | $10.2M | $-23.9M | ||
| Q3 24 | $12.8M | $-41.9M | ||
| Q2 24 | $16.4M | $-28.3M |
自由现金流率CALXRKLB
| Q1 26 | 2.3% | — | ||
| Q4 25 | 14.8% | -63.6% | ||
| Q3 25 | 10.1% | -44.8% | ||
| Q2 25 | 14.7% | -38.3% | ||
| Q1 25 | 5.9% | -67.6% | ||
| Q4 24 | 5.0% | -18.1% | ||
| Q3 24 | 6.3% | -40.0% | ||
| Q2 24 | 8.3% | -26.7% |
资本支出强度CALXRKLB
| Q1 26 | — | — | ||
| Q4 25 | 2.1% | 27.6% | ||
| Q3 25 | 2.1% | 29.6% | ||
| Q2 25 | 1.5% | 22.2% | ||
| Q1 25 | 2.0% | 23.4% | ||
| Q4 24 | 2.5% | 16.3% | ||
| Q3 24 | 1.6% | 10.5% | ||
| Q2 24 | 3.0% | 14.4% |
现金转化率CALXRKLB
| Q1 26 | 1.31× | — | ||
| Q4 25 | 6.38× | — | ||
| Q3 25 | 2.06× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 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
CALX
| Appliance | $232.8M | 83% |
| Software and service | $47.1M | 17% |
RKLB
| Products | $94.0M | 52% |
| Transferred Over Time | $87.3M | 49% |
