vs
CLEANSPARK, INC.（CLSK）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
CLEANSPARK, INC.的季度营收约是Rocket Lab Corp的1.0倍（$181.2M vs $179.7M），Rocket Lab Corp净利率更高（-29.5% vs -209.0%，领先179.6%），Rocket Lab Corp同比增速更快（35.7% vs 11.6%），Rocket Lab Corp自由现金流更多（$-114.2M vs $-198.1M），过去两年CLEANSPARK, INC.的营收复合增速更高（106.4% vs 39.2%）
CleanSpark Inc.是一家总部位于美国的可持续技术企业，核心业务包含两大板块：一是依托可再生能源与闲置能源开展低碳比特币挖矿业务，二是为北美地区的工商业及公共部门客户提供微电网设计、部署与运营服务。
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。
CLSK vs RKLB — 直观对比
营收规模更大
CLSK
是对方的1.0倍
$179.7M
营收增速更快
RKLB
高出24.1%
11.6%
净利率更高
RKLB
高出179.6%
-209.0%
自由现金流更多
RKLB
多$83.9M
$-198.1M
两年增速更快
CLSK
近两年复合增速
39.2%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $181.2M | $179.7M |
| 净利润 | $-378.7M | $-52.9M |
| 毛利率 | 47.2% | 38.0% |
| 营业利润率 | -174.7% | -28.4% |
| 净利率 | -209.0% | -29.5% |
| 营收同比 | 11.6% | 35.7% |
| 净利润同比 | -253.5% | -1.1% |
| 每股收益（稀释后） | — | $-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CLSKRKLB
| Q4 25 | $181.2M | $179.7M | ||
| Q3 25 | — | $155.1M | ||
| Q2 25 | — | $144.5M | ||
| Q1 25 | — | $122.6M | ||
| Q4 24 | — | $132.4M | ||
| Q3 24 | $89.3M | $104.8M | ||
| Q2 24 | $104.1M | $106.3M | ||
| Q1 24 | $111.8M | $92.8M |
净利润CLSKRKLB
| Q4 25 | $-378.7M | $-52.9M | ||
| Q3 25 | — | $-18.3M | ||
| Q2 25 | — | $-66.4M | ||
| Q1 25 | — | $-60.6M | ||
| Q4 24 | — | $-52.3M | ||
| Q3 24 | $-62.2M | $-51.9M | ||
| Q2 24 | $-236.2M | $-41.6M | ||
| Q1 24 | $126.7M | $-44.3M |
毛利率CLSKRKLB
| Q4 25 | 47.2% | 38.0% | ||
| Q3 25 | — | 37.0% | ||
| Q2 25 | — | 32.1% | ||
| Q1 25 | — | 28.8% | ||
| Q4 24 | — | 27.8% | ||
| Q3 24 | 36.0% | 26.7% | ||
| Q2 24 | 56.6% | 25.6% | ||
| Q1 24 | 69.3% | 26.1% |
营业利润率CLSKRKLB
| Q4 25 | -174.7% | -28.4% | ||
| Q3 25 | — | -38.0% | ||
| Q2 25 | — | -41.3% | ||
| Q1 25 | — | -48.3% | ||
| Q4 24 | — | -38.9% | ||
| Q3 24 | -73.5% | -49.5% | ||
| Q2 24 | -239.2% | -40.7% | ||
| Q1 24 | — | -46.4% |
净利率CLSKRKLB
| Q4 25 | -209.0% | -29.5% | ||
| Q3 25 | — | -11.8% | ||
| Q2 25 | — | -46.0% | ||
| Q1 25 | — | -49.5% | ||
| Q4 24 | — | -39.5% | ||
| Q3 24 | -69.6% | -49.6% | ||
| Q2 24 | -226.9% | -39.2% | ||
| Q1 24 | 113.4% | -47.7% |
每股收益（稀释后）CLSKRKLB
| Q4 25 | — | $-0.09 | ||
| Q3 25 | — | $-0.03 | ||
| Q2 25 | — | $-0.13 | ||
| Q1 25 | — | $-0.12 | ||
| Q4 24 | — | $-0.11 | ||
| Q3 24 | — | $-0.10 | ||
| Q2 24 | — | $-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 | $458.1M | $1.0B |
| 总债务越低越好 | $1.8B | $152.4M |
| 股东权益账面价值 | $1.4B | $1.7B |
| 总资产 | $3.3B | $2.3B |
| 负债/权益比越低杠杆越低 | 1.29× | 0.09× |
8季度趋势，按日历期对齐
现金及短期投资CLSKRKLB
| Q4 25 | $458.1M | $1.0B | ||
| Q3 25 | — | $976.7M | ||
| Q2 25 | — | $688.1M | ||
| Q1 25 | — | $428.4M | ||
| Q4 24 | — | $419.0M | ||
| Q3 24 | $121.2M | $442.4M | ||
| Q2 24 | $126.1M | $496.8M | ||
| Q1 24 | — | $492.5M |
总债务CLSKRKLB
| Q4 25 | $1.8B | $152.4M | ||
| Q3 25 | — | $347.0M | ||
| Q2 25 | — | $346.5M | ||
| Q1 25 | — | $345.9M | ||
| Q4 24 | — | $345.4M | ||
| Q3 24 | $7.2M | $61.2M | ||
| Q2 24 | $1.3M | $64.2M | ||
| Q1 24 | $5.1M | $66.8M |
股东权益CLSKRKLB
| Q4 25 | $1.4B | $1.7B | ||
| Q3 25 | — | $1.3B | ||
| Q2 25 | — | $688.5M | ||
| Q1 25 | — | $431.3M | ||
| Q4 24 | — | $382.5M | ||
| Q3 24 | $1.8B | $419.8M | ||
| Q2 24 | $1.4B | $455.2M | ||
| Q1 24 | $1.5B | $478.9M |
总资产CLSKRKLB
| Q4 25 | $3.3B | $2.3B | ||
| Q3 25 | — | $2.2B | ||
| Q2 25 | — | $1.6B | ||
| Q1 25 | — | $1.3B | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | $2.0B | $1.2B | ||
| Q2 24 | $1.5B | $1.2B | ||
| Q1 24 | $1.5B | $1.2B |
负债/权益比CLSKRKLB
| Q4 25 | 1.29× | 0.09× | ||
| Q3 25 | — | 0.27× | ||
| Q2 25 | — | 0.50× | ||
| Q1 25 | — | 0.80× | ||
| Q4 24 | — | 0.90× | ||
| Q3 24 | 0.00× | 0.15× | ||
| Q2 24 | 0.00× | 0.14× | ||
| Q1 24 | 0.00× | 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 | $-161.1M | $-64.5M |
| 自由现金流经营现金流 - 资本支出 | $-198.1M | $-114.2M |
| 自由现金流率自由现金流/营收 | -109.3% | -63.6% |
| 资本支出强度资本支出/营收 | 20.4% | 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 | $-626.9M | $-321.8M |
8季度趋势，按日历期对齐
经营现金流CLSKRKLB
| Q4 25 | $-161.1M | $-64.5M | ||
| Q3 25 | — | $-23.5M | ||
| Q2 25 | — | $-23.2M | ||
| Q1 25 | — | $-54.2M | ||
| Q4 24 | — | $-2.4M | ||
| Q3 24 | $-233.7M | $-30.9M | ||
| Q2 24 | $-58.4M | $-13.0M | ||
| Q1 24 | $-44.8M | $-2.6M |
自由现金流CLSKRKLB
| Q4 25 | $-198.1M | $-114.2M | ||
| Q3 25 | — | $-69.4M | ||
| Q2 25 | — | $-55.3M | ||
| Q1 25 | — | $-82.9M | ||
| Q4 24 | — | $-23.9M | ||
| Q3 24 | $-299.8M | $-41.9M | ||
| Q2 24 | $-68.7M | $-28.3M | ||
| Q1 24 | $-60.3M | $-21.8M |
自由现金流率CLSKRKLB
| Q4 25 | -109.3% | -63.6% | ||
| Q3 25 | — | -44.8% | ||
| Q2 25 | — | -38.3% | ||
| Q1 25 | — | -67.6% | ||
| Q4 24 | — | -18.1% | ||
| Q3 24 | -335.8% | -40.0% | ||
| Q2 24 | -66.0% | -26.7% | ||
| Q1 24 | -54.0% | -23.5% |
资本支出强度CLSKRKLB
| Q4 25 | 20.4% | 27.6% | ||
| Q3 25 | — | 29.6% | ||
| Q2 25 | — | 22.2% | ||
| Q1 25 | — | 23.4% | ||
| Q4 24 | — | 16.3% | ||
| Q3 24 | 74.0% | 10.5% | ||
| Q2 24 | 9.9% | 14.4% | ||
| Q1 24 | 13.8% | 20.7% |
现金转化率CLSKRKLB
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | -0.35× | — |
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
CLSK
暂无分部数据
RKLB
| Products | $94.0M | 52% |
| Transferred Over Time | $87.3M | 49% |
