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Confluent, Inc.（CFLT）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
Confluent, Inc.的季度营收约是Rocket Lab Corp的1.8倍（$314.8M vs $179.7M），Confluent, Inc.净利率更高（-25.2% vs -29.5%，领先4.3%），Rocket Lab Corp同比增速更快（35.7% vs 20.5%），Confluent, Inc.自由现金流更多（$41.7M vs $-114.2M），过去两年Rocket Lab Corp的营收复合增速更高（39.2% vs 20.4%）
Confluent Inc是总部位于美国加利福尼亚州山景城的科技企业，由杰伊·克雷普斯、饶军、内哈·纳克赫德于2014年创立，核心业务为商业化三人2008年在LinkedIn任职时开发的开源流处理平台Apache Kafka，旗下产品包括Confluent Cloud云服务、Confluent Platform平台、连接器、Apache Flink、流治理套件及Confluent Hub等。
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。
CFLT vs RKLB — 直观对比
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $314.8M | $179.7M |
| 净利润 | $-79.2M | $-52.9M |
| 毛利率 | 74.7% | 38.0% |
| 营业利润率 | -31.5% | -28.4% |
| 净利率 | -25.2% | -29.5% |
| 营收同比 | 20.5% | 35.7% |
| 净利润同比 | 10.0% | -1.1% |
| 每股收益（稀释后） | $-0.23 | $-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 | $314.8M | $179.7M | ||
| Q3 25 | $298.5M | $155.1M | ||
| Q2 25 | $282.3M | $144.5M | ||
| Q1 25 | $271.1M | $122.6M | ||
| Q4 24 | $261.2M | $132.4M | ||
| Q3 24 | $250.2M | $104.8M | ||
| Q2 24 | $235.0M | $106.3M | ||
| Q1 24 | $217.2M | $92.8M |
| Q4 25 | $-79.2M | $-52.9M | ||
| Q3 25 | $-66.5M | $-18.3M | ||
| Q2 25 | $-82.0M | $-66.4M | ||
| Q1 25 | $-67.6M | $-60.6M | ||
| Q4 24 | $-88.1M | $-52.3M | ||
| Q3 24 | $-74.1M | $-51.9M | ||
| Q2 24 | $-89.9M | $-41.6M | ||
| Q1 24 | $-93.0M | $-44.3M |
| Q4 25 | 74.7% | 38.0% | ||
| Q3 25 | 74.2% | 37.0% | ||
| Q2 25 | 73.7% | 32.1% | ||
| Q1 25 | 74.5% | 28.8% | ||
| Q4 24 | 74.1% | 27.8% | ||
| Q3 24 | 74.5% | 26.7% | ||
| Q2 24 | 72.3% | 25.6% | ||
| Q1 24 | 71.8% | 26.1% |
| Q4 25 | -31.5% | -28.4% | ||
| Q3 25 | -27.9% | -38.0% | ||
| Q2 25 | -34.2% | -41.3% | ||
| Q1 25 | -37.3% | -48.3% | ||
| Q4 24 | -40.5% | -38.9% | ||
| Q3 24 | -37.4% | -49.5% | ||
| Q2 24 | -46.1% | -40.7% | ||
| Q1 24 | -51.3% | -46.4% |
| Q4 25 | -25.2% | -29.5% | ||
| Q3 25 | -22.3% | -11.8% | ||
| Q2 25 | -29.0% | -46.0% | ||
| Q1 25 | -24.9% | -49.5% | ||
| Q4 24 | -33.7% | -39.5% | ||
| Q3 24 | -29.6% | -49.6% | ||
| Q2 24 | -38.3% | -39.2% | ||
| Q1 24 | -42.8% | -47.7% |
| Q4 25 | $-0.23 | $-0.09 | ||
| Q3 25 | $-0.19 | $-0.03 | ||
| Q2 25 | $-0.24 | $-0.13 | ||
| Q1 25 | $-0.20 | $-0.12 | ||
| Q4 24 | $-0.26 | $-0.11 | ||
| Q3 24 | $-0.23 | $-0.10 | ||
| Q2 24 | $-0.28 | $-0.08 | ||
| Q1 24 | $-0.30 | $-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 | $347.2M | $1.0B |
| 总债务越低越好 | $1.1B | $152.4M |
| 股东权益账面价值 | $1.2B | $1.7B |
| 总资产 | $3.0B | $2.3B |
| 负债/权益比越低杠杆越低 | 0.94× | 0.09× |
8季度趋势，按日历期对齐
| Q4 25 | $347.2M | $1.0B | ||
| Q3 25 | $298.5M | $976.7M | ||
| Q2 25 | $295.6M | $688.1M | ||
| Q1 25 | $278.6M | $428.4M | ||
| Q4 24 | $386.0M | $419.0M | ||
| Q3 24 | $322.6M | $442.4M | ||
| Q2 24 | $311.3M | $496.8M | ||
| Q1 24 | $336.4M | $492.5M |
| Q4 25 | $1.1B | $152.4M | ||
| Q3 25 | $1.1B | $347.0M | ||
| Q2 25 | $1.1B | $346.5M | ||
| Q1 25 | $1.1B | $345.9M | ||
| Q4 24 | $1.1B | $345.4M | ||
| Q3 24 | $1.1B | $61.2M | ||
| Q2 24 | $1.1B | $64.2M | ||
| Q1 24 | $1.1B | $66.8M |
| Q4 25 | $1.2B | $1.7B | ||
| Q3 25 | $1.1B | $1.3B | ||
| Q2 25 | $1.1B | $688.5M | ||
| Q1 25 | $1.0B | $431.3M | ||
| Q4 24 | $961.2M | $382.5M | ||
| Q3 24 | $934.3M | $419.8M | ||
| Q2 24 | $873.9M | $455.2M | ||
| Q1 24 | $845.2M | $478.9M |
| Q4 25 | $3.0B | $2.3B | ||
| Q3 25 | $2.9B | $2.2B | ||
| Q2 25 | $2.8B | $1.6B | ||
| Q1 25 | $2.7B | $1.3B | ||
| Q4 24 | $2.7B | $1.2B | ||
| Q3 24 | $2.6B | $1.2B | ||
| Q2 24 | $2.5B | $1.2B | ||
| Q1 24 | $2.4B | $1.2B |
| Q4 25 | 0.94× | 0.09× | ||
| Q3 25 | 0.98× | 0.27× | ||
| Q2 25 | 1.03× | 0.50× | ||
| Q1 25 | 1.07× | 0.80× | ||
| Q4 24 | 1.14× | 0.90× | ||
| Q3 24 | 1.17× | 0.15× | ||
| Q2 24 | 1.25× | 0.14× | ||
| Q1 24 | 1.29× | 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 | $42.1M | $-64.5M |
| 自由现金流经营现金流 - 资本支出 | $41.7M | $-114.2M |
| 自由现金流率自由现金流/营收 | 13.2% | -63.6% |
| 资本支出强度资本支出/营收 | 0.1% | 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 | $60.7M | $-321.8M |
8季度趋势，按日历期对齐
| Q4 25 | $42.1M | $-64.5M | ||
| Q3 25 | $30.8M | $-23.5M | ||
| Q2 25 | $18.1M | $-23.2M | ||
| Q1 25 | $-26.8M | $-54.2M | ||
| Q4 24 | $35.2M | $-2.4M | ||
| Q3 24 | $15.6M | $-30.9M | ||
| Q2 24 | $8.6M | $-13.0M | ||
| Q1 24 | $-26.0M | $-2.6M |
| Q4 25 | $41.7M | $-114.2M | ||
| Q3 25 | $30.0M | $-69.4M | ||
| Q2 25 | $17.2M | $-55.3M | ||
| Q1 25 | $-28.2M | $-82.9M | ||
| Q4 24 | $34.5M | $-23.9M | ||
| Q3 24 | $15.0M | $-41.9M | ||
| Q2 24 | $7.5M | $-28.3M | ||
| Q1 24 | $-26.1M | $-21.8M |
| Q4 25 | 13.2% | -63.6% | ||
| Q3 25 | 10.0% | -44.8% | ||
| Q2 25 | 6.1% | -38.3% | ||
| Q1 25 | -10.4% | -67.6% | ||
| Q4 24 | 13.2% | -18.1% | ||
| Q3 24 | 6.0% | -40.0% | ||
| Q2 24 | 3.2% | -26.7% | ||
| Q1 24 | -12.0% | -23.5% |
| Q4 25 | 0.1% | 27.6% | ||
| Q3 25 | 0.3% | 29.6% | ||
| Q2 25 | 0.3% | 22.2% | ||
| Q1 25 | 0.5% | 23.4% | ||
| Q4 24 | 0.3% | 16.3% | ||
| Q3 24 | 0.2% | 10.5% | ||
| Q2 24 | 0.5% | 14.4% | ||
| Q1 24 | 0.1% | 20.7% |
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
CFLT
| Confluent Cloud | $169.4M | 54% |
| Post Contract Customer Support | $93.8M | 30% |
| License | $38.4M | 12% |
| Services | $13.2M | 4% |
RKLB
| Products | $94.0M | 52% |
| Transferred Over Time | $87.3M | 49% |
