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Cadre Holdings, Inc.（CDRE）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Cadre Holdings, Inc.的1.1倍（$179.7M vs $167.2M），Cadre Holdings, Inc.净利率更高（7.0% vs -29.5%，领先36.5%），Rocket Lab Corp同比增速更快（35.7% vs -5.0%），Cadre Holdings, Inc.自由现金流更多（$18.0M vs $-114.2M），过去两年Rocket Lab Corp的营收复合增速更高（39.2% vs 10.1%）
Cadre Holdings, Inc.是美国金融科技企业，面向个人及机构客户提供房地产投资项目直投渠道，覆盖纽约等地的商业地产。公司打造的投资平台支持投资者自主选择参与的具体交易项目，且投资门槛远低于全额收购物业所需资金，让不动产投资变得更接近股票交易，获得财经媒体的广泛认可。
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。
CDRE vs RKLB — 直观对比
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $167.2M | $179.7M |
| 净利润 | $11.7M | $-52.9M |
| 毛利率 | 43.4% | 38.0% |
| 营业利润率 | 12.2% | -28.4% |
| 净利率 | 7.0% | -29.5% |
| 营收同比 | -5.0% | 35.7% |
| 净利润同比 | -9.6% | -1.1% |
| 每股收益（稀释后） | $0.22 | $-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
| Q4 25 | $167.2M | $179.7M | ||
| Q3 25 | $155.9M | $155.1M | ||
| Q2 25 | $157.1M | $144.5M | ||
| Q1 25 | $130.1M | $122.6M | ||
| Q4 24 | $176.0M | $132.4M | ||
| Q3 24 | $109.4M | $104.8M | ||
| Q2 24 | $144.3M | $106.3M | ||
| Q1 24 | $137.9M | $92.8M |
| Q4 25 | $11.7M | $-52.9M | ||
| Q3 25 | $10.9M | $-18.3M | ||
| Q2 25 | $12.2M | $-66.4M | ||
| Q1 25 | $9.2M | $-60.6M | ||
| Q4 24 | $13.0M | $-52.3M | ||
| Q3 24 | $3.7M | $-51.9M | ||
| Q2 24 | $12.6M | $-41.6M | ||
| Q1 24 | $6.9M | $-44.3M |
| Q4 25 | 43.4% | 38.0% | ||
| Q3 25 | 42.7% | 37.0% | ||
| Q2 25 | 40.9% | 32.1% | ||
| Q1 25 | 43.1% | 28.8% | ||
| Q4 24 | 43.9% | 27.8% | ||
| Q3 24 | 36.6% | 26.7% | ||
| Q2 24 | 40.6% | 25.6% | ||
| Q1 24 | 41.8% | 26.1% |
| Q4 25 | 12.2% | -28.4% | ||
| Q3 25 | 12.0% | -38.0% | ||
| Q2 25 | 9.3% | -41.3% | ||
| Q1 25 | 10.4% | -48.3% | ||
| Q4 24 | 16.7% | -38.9% | ||
| Q3 24 | 5.0% | -49.5% | ||
| Q2 24 | 13.8% | -40.7% | ||
| Q1 24 | 8.7% | -46.4% |
| Q4 25 | 7.0% | -29.5% | ||
| Q3 25 | 7.0% | -11.8% | ||
| Q2 25 | 7.8% | -46.0% | ||
| Q1 25 | 7.1% | -49.5% | ||
| Q4 24 | 7.4% | -39.5% | ||
| Q3 24 | 3.3% | -49.6% | ||
| Q2 24 | 8.7% | -39.2% | ||
| Q1 24 | 5.0% | -47.7% |
| Q4 25 | $0.22 | $-0.09 | ||
| Q3 25 | $0.27 | $-0.03 | ||
| Q2 25 | $0.30 | $-0.13 | ||
| Q1 25 | $0.23 | $-0.12 | ||
| Q4 24 | $0.32 | $-0.11 | ||
| Q3 24 | $0.09 | $-0.10 | ||
| Q2 24 | $0.31 | $-0.08 | ||
| Q1 24 | $0.18 | $-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 | $122.9M | $1.0B |
| 总债务越低越好 | — | $152.4M |
| 股东权益账面价值 | $317.8M | $1.7B |
| 总资产 | $770.0M | $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
| Q4 25 | $122.9M | $1.0B | ||
| Q3 25 | $150.9M | $976.7M | ||
| Q2 25 | $137.5M | $688.1M | ||
| Q1 25 | $133.4M | $428.4M | ||
| Q4 24 | $124.9M | $419.0M | ||
| Q3 24 | $93.0M | $442.4M | ||
| Q2 24 | $105.9M | $496.8M | ||
| Q1 24 | $87.1M | $492.5M |
| 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 | ||
| Q1 24 | — | $66.8M |
| Q4 25 | $317.8M | $1.7B | ||
| Q3 25 | $340.4M | $1.3B | ||
| Q2 25 | $332.5M | $688.5M | ||
| Q1 25 | $317.6M | $431.3M | ||
| Q4 24 | $311.5M | $382.5M | ||
| Q3 24 | $300.3M | $419.8M | ||
| Q2 24 | $299.4M | $455.2M | ||
| Q1 24 | $270.7M | $478.9M |
| Q4 25 | $770.0M | $2.3B | ||
| Q3 25 | $792.1M | $2.2B | ||
| Q2 25 | $794.4M | $1.6B | ||
| Q1 25 | $656.3M | $1.3B | ||
| Q4 24 | $652.7M | $1.2B | ||
| Q3 24 | $616.6M | $1.2B | ||
| Q2 24 | $620.6M | $1.2B | ||
| Q1 24 | $599.4M | $1.2B |
| 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× | ||
| 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 | $21.3M | $-64.5M |
| 自由现金流经营现金流 - 资本支出 | $18.0M | $-114.2M |
| 自由现金流率自由现金流/营收 | 10.7% | -63.6% |
| 资本支出强度资本支出/营收 | 2.0% | 27.6% |
| 现金转化率经营现金流/净利润 | 1.81× | — |
| 过去12个月自由现金流最近4个季度 | $56.8M | $-321.8M |
8季度趋势，按日历期对齐
| Q4 25 | $21.3M | $-64.5M | ||
| Q3 25 | $22.5M | $-23.5M | ||
| Q2 25 | $2.6M | $-23.2M | ||
| Q1 25 | $17.4M | $-54.2M | ||
| Q4 24 | $23.7M | $-2.4M | ||
| Q3 24 | $-5.2M | $-30.9M | ||
| Q2 24 | $11.1M | $-13.0M | ||
| Q1 24 | $2.1M | $-2.6M |
| Q4 25 | $18.0M | $-114.2M | ||
| Q3 25 | $21.6M | $-69.4M | ||
| Q2 25 | $1.2M | $-55.3M | ||
| Q1 25 | $16.1M | $-82.9M | ||
| Q4 24 | $22.4M | $-23.9M | ||
| Q3 24 | $-6.2M | $-41.9M | ||
| Q2 24 | $9.1M | $-28.3M | ||
| Q1 24 | $794.0K | $-21.8M |
| Q4 25 | 10.7% | -63.6% | ||
| Q3 25 | 13.9% | -44.8% | ||
| Q2 25 | 0.7% | -38.3% | ||
| Q1 25 | 12.4% | -67.6% | ||
| Q4 24 | 12.7% | -18.1% | ||
| Q3 24 | -5.7% | -40.0% | ||
| Q2 24 | 6.3% | -26.7% | ||
| Q1 24 | 0.6% | -23.5% |
| Q4 25 | 2.0% | 27.6% | ||
| Q3 25 | 0.5% | 29.6% | ||
| Q2 25 | 0.9% | 22.2% | ||
| Q1 25 | 1.0% | 23.4% | ||
| Q4 24 | 0.7% | 16.3% | ||
| Q3 24 | 0.9% | 10.5% | ||
| Q2 24 | 1.4% | 14.4% | ||
| Q1 24 | 1.0% | 20.7% |
| Q4 25 | 1.81× | — | ||
| Q3 25 | 2.05× | — | ||
| Q2 25 | 0.21× | — | ||
| Q1 25 | 1.88× | — | ||
| Q4 24 | 1.83× | — | ||
| Q3 24 | -1.43× | — | ||
| Q2 24 | 0.89× | — | ||
| Q1 24 | 0.31× | — |
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
CDRE
| U.s.state And Local Agencies | $72.7M | 43% |
| Other | $48.6M | 29% |
| U.s.Federal Agencies | $31.6M | 19% |
| Commercial | $12.0M | 7% |
RKLB
| Products | $94.0M | 52% |
| Transferred Over Time | $87.3M | 49% |
