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精工集团（CRDO）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
精工集团的季度营收约是Rocket Lab Corp的1.5倍（$268.0M vs $179.7M），精工集团净利率更高（30.8% vs -29.5%，领先60.3%），精工集团同比增速更快（272.1% vs 35.7%），精工集团自由现金流更多（$38.5M vs $-114.2M），过去两年精工集团的营收复合增速更高（124.8% vs 39.2%）
精工集团是由精工集团株式会社及其子公司、关联企业组成的企业集团。该集团原由精工控股株式会社、精工仪器株式会社和精工爱普生株式会社三家核心企业构成，三家企业均以钟表技术为核心联结。目前爱普生仍为精工集团开发生产腕表，但爱普生及其子公司已不属于精工集团旗下成员。
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。
CRDO vs RKLB — 直观对比
营收规模更大
CRDO
是对方的1.5倍
$179.7M
营收增速更快
CRDO
高出236.4%
35.7%
净利率更高
CRDO
高出60.3%
-29.5%
自由现金流更多
CRDO
多$152.7M
$-114.2M
两年增速更快
CRDO
近两年复合增速
39.2%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $268.0M | $179.7M |
| 净利润 | $82.6M | $-52.9M |
| 毛利率 | 67.5% | 38.0% |
| 营业利润率 | 29.4% | -28.4% |
| 净利率 | 30.8% | -29.5% |
| 营收同比 | 272.1% | 35.7% |
| 净利润同比 | 2055.9% | -1.1% |
| 每股收益（稀释后） | $0.44 | $-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CRDORKLB
| Q4 25 | $268.0M | $179.7M | ||
| Q3 25 | $223.1M | $155.1M | ||
| Q2 25 | $170.0M | $144.5M | ||
| Q1 25 | $135.0M | $122.6M | ||
| Q4 24 | $72.0M | $132.4M | ||
| Q3 24 | $59.7M | $104.8M | ||
| Q2 24 | $60.8M | $106.3M | ||
| Q1 24 | $53.1M | $92.8M |
净利润CRDORKLB
| Q4 25 | $82.6M | $-52.9M | ||
| Q3 25 | $63.4M | $-18.3M | ||
| Q2 25 | $36.6M | $-66.4M | ||
| Q1 25 | $29.4M | $-60.6M | ||
| Q4 24 | $-4.2M | $-52.3M | ||
| Q3 24 | $-9.5M | $-51.9M | ||
| Q2 24 | $-10.5M | $-41.6M | ||
| Q1 24 | $428.0K | $-44.3M |
毛利率CRDORKLB
| Q4 25 | 67.5% | 38.0% | ||
| Q3 25 | 67.4% | 37.0% | ||
| Q2 25 | 67.2% | 32.1% | ||
| Q1 25 | 63.6% | 28.8% | ||
| Q4 24 | 63.2% | 27.8% | ||
| Q3 24 | 62.4% | 26.7% | ||
| Q2 24 | 65.8% | 25.6% | ||
| Q1 24 | 61.4% | 26.1% |
营业利润率CRDORKLB
| Q4 25 | 29.4% | -28.4% | ||
| Q3 25 | 27.2% | -38.0% | ||
| Q2 25 | 19.9% | -41.3% | ||
| Q1 25 | 19.4% | -48.3% | ||
| Q4 24 | -11.7% | -38.9% | ||
| Q3 24 | -24.2% | -49.5% | ||
| Q2 24 | -13.0% | -40.7% | ||
| Q1 24 | -11.1% | -46.4% |
净利率CRDORKLB
| Q4 25 | 30.8% | -29.5% | ||
| Q3 25 | 28.4% | -11.8% | ||
| Q2 25 | 21.5% | -46.0% | ||
| Q1 25 | 21.7% | -49.5% | ||
| Q4 24 | -5.9% | -39.5% | ||
| Q3 24 | -16.0% | -49.6% | ||
| Q2 24 | -17.2% | -39.2% | ||
| Q1 24 | 0.8% | -47.7% |
每股收益（稀释后）CRDORKLB
| Q4 25 | $0.44 | $-0.09 | ||
| Q3 25 | $0.34 | $-0.03 | ||
| Q2 25 | $0.22 | $-0.13 | ||
| Q1 25 | $0.16 | $-0.12 | ||
| Q4 24 | $-0.03 | $-0.11 | ||
| Q3 24 | $-0.06 | $-0.10 | ||
| Q2 24 | $-0.06 | $-0.08 | ||
| Q1 24 | $0.00 | $-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 | $813.6M | $1.0B |
| 总债务越低越好 | — | $152.4M |
| 股东权益账面价值 | $1.3B | $1.7B |
| 总资产 | $1.4B | $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CRDORKLB
| Q4 25 | $813.6M | $1.0B | ||
| Q3 25 | $479.6M | $976.7M | ||
| Q2 25 | $431.3M | $688.1M | ||
| Q1 25 | $379.2M | $428.4M | ||
| Q4 24 | $383.0M | $419.0M | ||
| Q3 24 | $398.6M | $442.4M | ||
| Q2 24 | $410.0M | $496.8M | ||
| Q1 24 | $409.1M | $492.5M |
总债务CRDORKLB
| 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 |
股东权益CRDORKLB
| Q4 25 | $1.3B | $1.7B | ||
| Q3 25 | $781.4M | $1.3B | ||
| Q2 25 | $681.6M | $688.5M | ||
| Q1 25 | $618.2M | $431.3M | ||
| Q4 24 | $567.9M | $382.5M | ||
| Q3 24 | $553.1M | $419.8M | ||
| Q2 24 | $540.2M | $455.2M | ||
| Q1 24 | $534.0M | $478.9M |
总资产CRDORKLB
| Q4 25 | $1.4B | $2.3B | ||
| Q3 25 | $905.2M | $2.2B | ||
| Q2 25 | $809.3M | $1.6B | ||
| Q1 25 | $719.9M | $1.3B | ||
| Q4 24 | $638.6M | $1.2B | ||
| Q3 24 | $644.9M | $1.2B | ||
| Q2 24 | $601.9M | $1.2B | ||
| Q1 24 | $592.5M | $1.2B |
负债/权益比CRDORKLB
| 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 | $61.7M | $-64.5M |
| 自由现金流经营现金流 - 资本支出 | $38.5M | $-114.2M |
| 自由现金流率自由现金流/营收 | 14.4% | -63.6% |
| 资本支出强度资本支出/营收 | 8.7% | 27.6% |
| 现金转化率经营现金流/净利润 | 0.75× | — |
| 过去12个月自由现金流最近4个季度 | $143.6M | $-321.8M |
8季度趋势，按日历期对齐
经营现金流CRDORKLB
| Q4 25 | $61.7M | $-64.5M | ||
| Q3 25 | $54.2M | $-23.5M | ||
| Q2 25 | $57.8M | $-23.2M | ||
| Q1 25 | $4.2M | $-54.2M | ||
| Q4 24 | $10.3M | $-2.4M | ||
| Q3 24 | $-7.2M | $-30.9M | ||
| Q2 24 | $4.2M | $-13.0M | ||
| Q1 24 | $-1.0M | $-2.6M |
自由现金流CRDORKLB
| Q4 25 | $38.5M | $-114.2M | ||
| Q3 25 | $51.3M | $-69.4M | ||
| Q2 25 | $54.2M | $-55.3M | ||
| Q1 25 | $-383.0K | $-82.9M | ||
| Q4 24 | $-11.7M | $-23.9M | ||
| Q3 24 | $-13.1M | $-41.9M | ||
| Q2 24 | $962.0K | $-28.3M | ||
| Q1 24 | $-6.1M | $-21.8M |
自由现金流率CRDORKLB
| Q4 25 | 14.4% | -63.6% | ||
| Q3 25 | 23.0% | -44.8% | ||
| Q2 25 | 31.9% | -38.3% | ||
| Q1 25 | -0.3% | -67.6% | ||
| Q4 24 | -16.2% | -18.1% | ||
| Q3 24 | -21.9% | -40.0% | ||
| Q2 24 | 1.6% | -26.7% | ||
| Q1 24 | -11.6% | -23.5% |
资本支出强度CRDORKLB
| Q4 25 | 8.7% | 27.6% | ||
| Q3 25 | 1.3% | 29.6% | ||
| Q2 25 | 2.1% | 22.2% | ||
| Q1 25 | 3.4% | 23.4% | ||
| Q4 24 | 30.5% | 16.3% | ||
| Q3 24 | 9.8% | 10.5% | ||
| Q2 24 | 5.3% | 14.4% | ||
| Q1 24 | 9.6% | 20.7% |
现金转化率CRDORKLB
| Q4 25 | 0.75× | — | ||
| Q3 25 | 0.85× | — | ||
| Q2 25 | 1.58× | — | ||
| Q1 25 | 0.14× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | -2.42× | — |
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
CRDO
| Other | $132.1M | 49% |
| HK | $104.4M | 39% |
| RESTOFTHEWORLD | $31.5M | 12% |
RKLB
| Products | $94.0M | 52% |
| Transferred Over Time | $87.3M | 49% |
