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布鲁姆能源（CLNE）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的季度营收约是布鲁姆能源的1.6倍（$179.7M vs $112.3M），Rocket Lab Corp净利率更高（-29.5% vs -38.3%，领先8.8%），Rocket Lab Corp同比增速更快（35.7% vs 2.7%），布鲁姆能源自由现金流更多（$6.5M vs $-114.2M），过去两年Rocket Lab Corp的营收复合增速更高（39.2% vs 4.1%）
布鲁姆能源是一家美国上市企业，设计并制造固体氧化物燃料电池，该产品可在数据中心、制造业及其他商业领域的场所内独立发电。公司成立于2001年，总部位于加利福尼亚州圣何塞，其技术依靠化学转化过程发电，无需依赖传统燃烧，可使用天然气、沼气或氢气作为燃料。
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。
CLNE vs RKLB — 直观对比
营收规模更大
RKLB
是对方的1.6倍
$112.3M
营收增速更快
RKLB
高出33.0%
2.7%
净利率更高
RKLB
高出8.8%
-38.3%
自由现金流更多
CLNE
多$120.7M
$-114.2M
两年增速更快
RKLB
近两年复合增速
4.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $112.3M | $179.7M |
| 净利润 | $-43.0M | $-52.9M |
| 毛利率 | — | 38.0% |
| 营业利润率 | -9.5% | -28.4% |
| 净利率 | -38.3% | -29.5% |
| 营收同比 | 2.7% | 35.7% |
| 净利润同比 | -42.6% | -1.1% |
| 每股收益（稀释后） | $-0.21 | $-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CLNERKLB
| Q4 25 | $112.3M | $179.7M | ||
| Q3 25 | $106.1M | $155.1M | ||
| Q2 25 | $102.6M | $144.5M | ||
| Q1 25 | $103.8M | $122.6M | ||
| Q4 24 | $109.3M | $132.4M | ||
| Q3 24 | $104.9M | $104.8M | ||
| Q2 24 | $98.0M | $106.3M | ||
| Q1 24 | $103.7M | $92.8M |
净利润CLNERKLB
| Q4 25 | $-43.0M | $-52.9M | ||
| Q3 25 | $-23.8M | $-18.3M | ||
| Q2 25 | $-20.2M | $-66.4M | ||
| Q1 25 | $-135.0M | $-60.6M | ||
| Q4 24 | $-30.2M | $-52.3M | ||
| Q3 24 | $-18.2M | $-51.9M | ||
| Q2 24 | $-16.3M | $-41.6M | ||
| Q1 24 | $-18.4M | $-44.3M |
毛利率CLNERKLB
| 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CLNERKLB
| Q4 25 | -9.5% | -28.4% | ||
| Q3 25 | -12.8% | -38.0% | ||
| Q2 25 | -9.0% | -41.3% | ||
| Q1 25 | -121.7% | -48.3% | ||
| Q4 24 | -11.8% | -38.9% | ||
| Q3 24 | -8.1% | -49.5% | ||
| Q2 24 | -5.7% | -40.7% | ||
| Q1 24 | -9.0% | -46.4% |
净利率CLNERKLB
| Q4 25 | -38.3% | -29.5% | ||
| Q3 25 | -22.4% | -11.8% | ||
| Q2 25 | -19.7% | -46.0% | ||
| Q1 25 | -130.1% | -49.5% | ||
| Q4 24 | -27.6% | -39.5% | ||
| Q3 24 | -17.3% | -49.6% | ||
| Q2 24 | -16.6% | -39.2% | ||
| Q1 24 | -17.8% | -47.7% |
每股收益（稀释后）CLNERKLB
| Q4 25 | $-0.21 | $-0.09 | ||
| Q3 25 | $-0.11 | $-0.03 | ||
| Q2 25 | $-0.09 | $-0.13 | ||
| Q1 25 | $-0.60 | $-0.12 | ||
| Q4 24 | $-0.14 | $-0.11 | ||
| Q3 24 | $-0.08 | $-0.10 | ||
| Q2 24 | $-0.07 | $-0.08 | ||
| Q1 24 | $-0.08 | $-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 | $156.1M | $1.0B |
| 总债务越低越好 | $226.8M | $152.4M |
| 股东权益账面价值 | $559.4M | $1.7B |
| 总资产 | $1.1B | $2.3B |
| 负债/权益比越低杠杆越低 | 0.41× | 0.09× |
8季度趋势，按日历期对齐
现金及短期投资CLNERKLB
| Q4 25 | $156.1M | $1.0B | ||
| Q3 25 | $232.2M | $976.7M | ||
| Q2 25 | $240.8M | $688.1M | ||
| Q1 25 | $226.6M | $428.4M | ||
| Q4 24 | $217.5M | $419.0M | ||
| Q3 24 | $243.5M | $442.4M | ||
| Q2 24 | $249.3M | $496.8M | ||
| Q1 24 | $248.9M | $492.5M |
总债务CLNERKLB
| Q4 25 | $226.8M | $152.4M | ||
| Q3 25 | $284.3M | $347.0M | ||
| Q2 25 | $277.9M | $346.5M | ||
| Q1 25 | $271.6M | $345.9M | ||
| Q4 24 | $265.4M | $345.4M | ||
| Q3 24 | $264.1M | $61.2M | ||
| Q2 24 | $263.0M | $64.2M | ||
| Q1 24 | $262.0M | $66.8M |
股东权益CLNERKLB
| Q4 25 | $559.4M | $1.7B | ||
| Q3 25 | $585.2M | $1.3B | ||
| Q2 25 | $590.8M | $688.5M | ||
| Q1 25 | $596.7M | $431.3M | ||
| Q4 24 | $713.3M | $382.5M | ||
| Q3 24 | $724.8M | $419.8M | ||
| Q2 24 | $723.0M | $455.2M | ||
| Q1 24 | $722.9M | $478.9M |
总资产CLNERKLB
| Q4 25 | $1.1B | $2.3B | ||
| Q3 25 | $1.1B | $2.2B | ||
| Q2 25 | $1.1B | $1.6B | ||
| Q1 25 | $1.1B | $1.3B | ||
| Q4 24 | $1.2B | $1.2B | ||
| Q3 24 | $1.2B | $1.2B | ||
| Q2 24 | $1.2B | $1.2B | ||
| Q1 24 | $1.2B | $1.2B |
负债/权益比CLNERKLB
| Q4 25 | 0.41× | 0.09× | ||
| Q3 25 | 0.49× | 0.27× | ||
| Q2 25 | 0.47× | 0.50× | ||
| Q1 25 | 0.46× | 0.80× | ||
| Q4 24 | 0.37× | 0.90× | ||
| Q3 24 | 0.36× | 0.15× | ||
| Q2 24 | 0.36× | 0.14× | ||
| Q1 24 | 0.36× | 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 | $13.1M | $-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 | 5.8% | -63.6% |
| 资本支出强度资本支出/营收 | 5.9% | 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 | $59.9M | $-321.8M |
8季度趋势，按日历期对齐
经营现金流CLNERKLB
| Q4 25 | $13.1M | $-64.5M | ||
| Q3 25 | $13.1M | $-23.5M | ||
| Q2 25 | $35.9M | $-23.2M | ||
| Q1 25 | $23.4M | $-54.2M | ||
| Q4 24 | $21.9M | $-2.4M | ||
| Q3 24 | $21.4M | $-30.9M | ||
| Q2 24 | $18.8M | $-13.0M | ||
| Q1 24 | $2.6M | $-2.6M |
自由现金流CLNERKLB
| Q4 25 | $6.5M | $-114.2M | ||
| Q3 25 | $6.5M | $-69.4M | ||
| Q2 25 | $30.9M | $-55.3M | ||
| Q1 25 | $15.9M | $-82.9M | ||
| Q4 24 | $10.3M | $-23.9M | ||
| Q3 24 | $42.0K | $-41.9M | ||
| Q2 24 | $4.8M | $-28.3M | ||
| Q1 24 | $-15.6M | $-21.8M |
自由现金流率CLNERKLB
| Q4 25 | 5.8% | -63.6% | ||
| Q3 25 | 6.1% | -44.8% | ||
| Q2 25 | 30.2% | -38.3% | ||
| Q1 25 | 15.4% | -67.6% | ||
| Q4 24 | 9.5% | -18.1% | ||
| Q3 24 | 0.0% | -40.0% | ||
| Q2 24 | 4.9% | -26.7% | ||
| Q1 24 | -15.1% | -23.5% |
资本支出强度CLNERKLB
| Q4 25 | 5.9% | 27.6% | ||
| Q3 25 | 6.2% | 29.6% | ||
| Q2 25 | 4.8% | 22.2% | ||
| Q1 25 | 7.2% | 23.4% | ||
| Q4 24 | 10.5% | 16.3% | ||
| Q3 24 | 20.3% | 10.5% | ||
| Q2 24 | 14.2% | 14.4% | ||
| Q1 24 | 17.6% | 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
CLNE
| Volume Related Fuel Sales | $73.6M | 66% |
| Services | $15.1M | 13% |
| Station Construction Sales | $10.7M | 9% |
| Volume Related Renewable Identification Number Credits | $9.5M | 8% |
| Volume Related Low Carbon Fuel Standard Credits | $3.4M | 3% |
RKLB
| Products | $94.0M | 52% |
| Transferred Over Time | $87.3M | 49% |
