vs
Cerence Inc.（CRNC）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Cerence Inc.的1.6倍（$179.7M vs $115.1M），Cerence Inc.净利率更高（-4.6% vs -29.5%，领先24.9%），Cerence Inc.同比增速更快（126.1% vs 35.7%），Cerence Inc.自由现金流更多（$35.6M vs $-114.2M），过去两年Rocket Lab Corp的营收复合增速更高（39.2% vs 30.3%）
Cerence Inc.是一家美国跨国软件企业，核心业务为研发面向汽车领域的人工智能语音助手技术，凭借在车载智能交互领域的技术积累，为全球多家车企提供智能化车载体验解决方案。
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。
CRNC vs RKLB — 直观对比
营收规模更大
RKLB
是对方的1.6倍
$115.1M
营收增速更快
CRNC
高出90.4%
35.7%
净利率更高
CRNC
高出24.9%
-29.5%
自由现金流更多
CRNC
多$149.8M
$-114.2M
两年增速更快
RKLB
近两年复合增速
30.3%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $115.1M | $179.7M |
| 净利润 | $-5.2M | $-52.9M |
| 毛利率 | 86.3% | 38.0% |
| 营业利润率 | 25.5% | -28.4% |
| 净利率 | -4.6% | -29.5% |
| 营收同比 | 126.1% | 35.7% |
| 净利润同比 | 78.4% | -1.1% |
| 每股收益（稀释后） | $-0.12 | $-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CRNCRKLB
| Q4 25 | $115.1M | $179.7M | ||
| Q3 25 | $60.6M | $155.1M | ||
| Q2 25 | $62.2M | $144.5M | ||
| Q1 25 | $78.0M | $122.6M | ||
| Q4 24 | $50.9M | $132.4M | ||
| Q3 24 | $54.8M | $104.8M | ||
| Q2 24 | $70.5M | $106.3M | ||
| Q1 24 | $67.8M | $92.8M |
净利润CRNCRKLB
| Q4 25 | $-5.2M | $-52.9M | ||
| Q3 25 | $-13.4M | $-18.3M | ||
| Q2 25 | $-2.7M | $-66.4M | ||
| Q1 25 | $21.7M | $-60.6M | ||
| Q4 24 | $-24.3M | $-52.3M | ||
| Q3 24 | $-20.4M | $-51.9M | ||
| Q2 24 | $-313.5M | $-41.6M | ||
| Q1 24 | $-278.0M | $-44.3M |
毛利率CRNCRKLB
| Q4 25 | 86.3% | 38.0% | ||
| Q3 25 | 72.6% | 37.0% | ||
| Q2 25 | 73.7% | 32.1% | ||
| Q1 25 | 77.1% | 28.8% | ||
| Q4 24 | 65.0% | 27.8% | ||
| Q3 24 | 63.7% | 26.7% | ||
| Q2 24 | 71.5% | 25.6% | ||
| Q1 24 | 69.2% | 26.1% |
营业利润率CRNCRKLB
| Q4 25 | 25.5% | -28.4% | ||
| Q3 25 | -2.9% | -38.0% | ||
| Q2 25 | -1.5% | -41.3% | ||
| Q1 25 | 22.2% | -48.3% | ||
| Q4 24 | -33.3% | -38.9% | ||
| Q3 24 | -35.1% | -49.5% | ||
| Q2 24 | -503.1% | -40.7% | ||
| Q1 24 | -389.8% | -46.4% |
净利率CRNCRKLB
| Q4 25 | -4.6% | -29.5% | ||
| Q3 25 | -22.0% | -11.8% | ||
| Q2 25 | -4.4% | -46.0% | ||
| Q1 25 | 27.8% | -49.5% | ||
| Q4 24 | -47.7% | -39.5% | ||
| Q3 24 | -37.3% | -49.6% | ||
| Q2 24 | -444.5% | -39.2% | ||
| Q1 24 | -409.8% | -47.7% |
每股收益（稀释后）CRNCRKLB
| Q4 25 | $-0.12 | $-0.09 | ||
| Q3 25 | $-0.26 | $-0.03 | ||
| Q2 25 | $-0.06 | $-0.13 | ||
| Q1 25 | $0.46 | $-0.12 | ||
| Q4 24 | $-0.57 | $-0.11 | ||
| Q3 24 | $-0.49 | $-0.10 | ||
| Q2 24 | $-7.50 | $-0.08 | ||
| Q1 24 | $-6.66 | $-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 | $2.5M | $1.0B |
| 总债务越低越好 | $171.9M | $152.4M |
| 股东权益账面价值 | $150.4M | $1.7B |
| 总资产 | $602.0M | $2.3B |
| 负债/权益比越低杠杆越低 | 1.14× | 0.09× |
8季度趋势，按日历期对齐
现金及短期投资CRNCRKLB
| Q4 25 | $2.5M | $1.0B | ||
| Q3 25 | $3.4M | $976.7M | ||
| Q2 25 | $5.5M | $688.1M | ||
| Q1 25 | $5.4M | $428.4M | ||
| Q4 24 | $3.9M | $419.0M | ||
| Q3 24 | $5.5M | $442.4M | ||
| Q2 24 | $5.4M | $496.8M | ||
| Q1 24 | $9.4M | $492.5M |
总债务CRNCRKLB
| Q4 25 | $171.9M | $152.4M | ||
| Q3 25 | $199.7M | $347.0M | ||
| Q2 25 | $198.8M | $346.5M | ||
| Q1 25 | $257.6M | $345.9M | ||
| Q4 24 | $256.2M | $345.4M | ||
| Q3 24 | $281.9M | $61.2M | ||
| Q2 24 | $280.4M | $64.2M | ||
| Q1 24 | $278.9M | $66.8M |
股东权益CRNCRKLB
| Q4 25 | $150.4M | $1.7B | ||
| Q3 25 | $150.7M | $1.3B | ||
| Q2 25 | $155.7M | $688.5M | ||
| Q1 25 | $149.3M | $431.3M | ||
| Q4 24 | $120.7M | $382.5M | ||
| Q3 24 | $141.1M | $419.8M | ||
| Q2 24 | $154.2M | $455.2M | ||
| Q1 24 | $463.4M | $478.9M |
总资产CRNCRKLB
| Q4 25 | $602.0M | $2.3B | ||
| Q3 25 | $630.6M | $2.2B | ||
| Q2 25 | $636.8M | $1.6B | ||
| Q1 25 | $665.5M | $1.3B | ||
| Q4 24 | $617.5M | $1.2B | ||
| Q3 24 | $702.4M | $1.2B | ||
| Q2 24 | $674.0M | $1.2B | ||
| Q1 24 | $987.1M | $1.2B |
负债/权益比CRNCRKLB
| Q4 25 | 1.14× | 0.09× | ||
| Q3 25 | 1.33× | 0.27× | ||
| Q2 25 | 1.28× | 0.50× | ||
| Q1 25 | 1.73× | 0.80× | ||
| Q4 24 | 2.12× | 0.90× | ||
| Q3 24 | 2.00× | 0.15× | ||
| Q2 24 | 1.82× | 0.14× | ||
| Q1 24 | 0.60× | 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 | $37.9M | $-64.5M |
| 自由现金流经营现金流 - 资本支出 | $35.6M | $-114.2M |
| 自由现金流率自由现金流/营收 | 31.0% | -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 | — | — |
| 过去12个月自由现金流最近4个季度 | $74.6M | $-321.8M |
8季度趋势，按日历期对齐
经营现金流CRNCRKLB
| Q4 25 | $37.9M | $-64.5M | ||
| Q3 25 | $12.8M | $-23.5M | ||
| Q2 25 | $23.7M | $-23.2M | ||
| Q1 25 | $15.5M | $-54.2M | ||
| Q4 24 | $9.3M | $-2.4M | ||
| Q3 24 | $6.1M | $-30.9M | ||
| Q2 24 | $12.9M | $-13.0M | ||
| Q1 24 | $1.0M | $-2.6M |
自由现金流CRNCRKLB
| Q4 25 | $35.6M | $-114.2M | ||
| Q3 25 | $9.7M | $-69.4M | ||
| Q2 25 | $16.1M | $-55.3M | ||
| Q1 25 | $13.1M | $-82.9M | ||
| Q4 24 | $7.9M | $-23.9M | ||
| Q3 24 | $4.7M | $-41.9M | ||
| Q2 24 | $12.1M | $-28.3M | ||
| Q1 24 | $-801.0K | $-21.8M |
自由现金流率CRNCRKLB
| Q4 25 | 31.0% | -63.6% | ||
| Q3 25 | 16.1% | -44.8% | ||
| Q2 25 | 25.8% | -38.3% | ||
| Q1 25 | 16.8% | -67.6% | ||
| Q4 24 | 15.5% | -18.1% | ||
| Q3 24 | 8.5% | -40.0% | ||
| Q2 24 | 17.1% | -26.7% | ||
| Q1 24 | -1.2% | -23.5% |
资本支出强度CRNCRKLB
| Q4 25 | 2.0% | 27.6% | ||
| Q3 25 | 5.0% | 29.6% | ||
| Q2 25 | 12.3% | 22.2% | ||
| Q1 25 | 3.0% | 23.4% | ||
| Q4 24 | 2.7% | 16.3% | ||
| Q3 24 | 2.6% | 10.5% | ||
| Q2 24 | 1.1% | 14.4% | ||
| Q1 24 | 2.7% | 20.7% |
现金转化率CRNCRKLB
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.71× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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
CRNC
| License | $87.8M | 76% |
| Connected Services | $14.5M | 13% |
| Professional Services | $12.8M | 11% |
RKLB
| Products | $94.0M | 52% |
| Transferred Over Time | $87.3M | 49% |
