vs
合众银行（CUBI）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
合众银行的季度营收约是Rocket Lab Corp的1.3倍（$236.9M vs $179.7M），Rocket Lab Corp同比增速更快（35.7% vs 21.8%），合众银行自由现金流更多（$481.0M vs $-114.2M），过去两年Rocket Lab Corp的营收复合增速更高（39.2% vs 14.2%）
合众银行是总部位于美国明尼苏达州明尼阿波利斯、在特拉华州注册的跨国银行机构，2025年位列美国第五大银行，也是美国中西部规模最大的银行，被金融稳定委员会认定为具有系统重要性。旗下核心运营主体为美国合众银行全国协会，提供银行、投资、按揭等多元金融服务。
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。
CUBI vs RKLB — 直观对比
营收规模更大
CUBI
是对方的1.3倍
$179.7M
营收增速更快
RKLB
高出13.9%
21.8%
自由现金流更多
CUBI
多$595.2M
$-114.2M
两年增速更快
RKLB
近两年复合增速
14.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $236.9M | $179.7M |
| 净利润 | — | $-52.9M |
| 毛利率 | — | 38.0% |
| 营业利润率 | 41.1% | -28.4% |
| 净利率 | — | -29.5% |
| 营收同比 | 21.8% | 35.7% |
| 净利润同比 | — | -1.1% |
| 每股收益（稀释后） | $2.04 | $-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CUBIRKLB
| Q4 25 | $236.9M | $179.7M | ||
| Q3 25 | $232.1M | $155.1M | ||
| Q2 25 | $206.3M | $144.5M | ||
| Q1 25 | $143.0M | $122.6M | ||
| Q4 24 | $167.8M | $132.4M | ||
| Q3 24 | $167.1M | $104.8M | ||
| Q2 24 | $198.7M | $106.3M | ||
| Q1 24 | $181.6M | $92.8M |
净利润CUBIRKLB
| Q4 25 | — | $-52.9M | ||
| Q3 25 | $75.7M | $-18.3M | ||
| Q2 25 | $60.9M | $-66.4M | ||
| Q1 25 | $12.9M | $-60.6M | ||
| Q4 24 | — | $-52.3M | ||
| Q3 24 | $46.7M | $-51.9M | ||
| Q2 24 | $58.1M | $-41.6M | ||
| Q1 24 | $49.7M | $-44.3M |
毛利率CUBIRKLB
| 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CUBIRKLB
| Q4 25 | 41.1% | -28.4% | ||
| Q3 25 | 43.2% | -38.0% | ||
| Q2 25 | 38.2% | -41.3% | ||
| Q1 25 | 8.3% | -48.3% | ||
| Q4 24 | 21.4% | -38.9% | ||
| Q3 24 | 27.5% | -49.5% | ||
| Q2 24 | 38.8% | -40.7% | ||
| Q1 24 | 36.0% | -46.4% |
净利率CUBIRKLB
| Q4 25 | — | -29.5% | ||
| Q3 25 | 32.6% | -11.8% | ||
| Q2 25 | 29.5% | -46.0% | ||
| Q1 25 | 9.0% | -49.5% | ||
| Q4 24 | — | -39.5% | ||
| Q3 24 | 28.0% | -49.6% | ||
| Q2 24 | 29.2% | -39.2% | ||
| Q1 24 | 27.4% | -47.7% |
每股收益（稀释后）CUBIRKLB
| Q4 25 | $2.04 | $-0.09 | ||
| Q3 25 | $2.20 | $-0.03 | ||
| Q2 25 | $1.73 | $-0.13 | ||
| Q1 25 | $0.29 | $-0.12 | ||
| Q4 24 | $0.72 | $-0.11 | ||
| Q3 24 | $1.31 | $-0.10 | ||
| Q2 24 | $1.66 | $-0.08 | ||
| Q1 24 | $1.40 | $-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 | $4.4B | $1.0B |
| 总债务越低越好 | — | $152.4M |
| 股东权益账面价值 | $2.1B | $1.7B |
| 总资产 | $24.9B | $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CUBIRKLB
| Q4 25 | $4.4B | $1.0B | ||
| Q3 25 | $4.2B | $976.7M | ||
| Q2 25 | $3.5B | $688.1M | ||
| Q1 25 | $3.4B | $428.4M | ||
| Q4 24 | $3.8B | $419.0M | ||
| Q3 24 | $3.1B | $442.4M | ||
| Q2 24 | $3.0B | $496.8M | ||
| Q1 24 | $3.7B | $492.5M |
总债务CUBIRKLB
| 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CUBIRKLB
| Q4 25 | $2.1B | $1.7B | ||
| Q3 25 | $2.1B | $1.3B | ||
| Q2 25 | $1.9B | $688.5M | ||
| Q1 25 | $1.9B | $431.3M | ||
| Q4 24 | $1.8B | $382.5M | ||
| Q3 24 | $1.8B | $419.8M | ||
| Q2 24 | $1.7B | $455.2M | ||
| Q1 24 | $1.7B | $478.9M |
总资产CUBIRKLB
| Q4 25 | $24.9B | $2.3B | ||
| Q3 25 | $24.3B | $2.2B | ||
| Q2 25 | $22.6B | $1.6B | ||
| Q1 25 | $22.4B | $1.3B | ||
| Q4 24 | $22.3B | $1.2B | ||
| Q3 24 | $21.5B | $1.2B | ||
| Q2 24 | $20.9B | $1.2B | ||
| Q1 24 | $21.3B | $1.2B |
负债/权益比CUBIRKLB
| 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 | $494.8M | $-64.5M |
| 自由现金流经营现金流 - 资本支出 | $481.0M | $-114.2M |
| 自由现金流率自由现金流/营收 | 203.0% | -63.6% |
| 资本支出强度资本支出/营收 | 5.8% | 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 | $843.0M | $-321.8M |
8季度趋势，按日历期对齐
经营现金流CUBIRKLB
| Q4 25 | $494.8M | $-64.5M | ||
| Q3 25 | $116.9M | $-23.5M | ||
| Q2 25 | $162.2M | $-23.2M | ||
| Q1 25 | $94.1M | $-54.2M | ||
| Q4 24 | $145.1M | $-2.4M | ||
| Q3 24 | $24.4M | $-30.9M | ||
| Q2 24 | $6.1M | $-13.0M | ||
| Q1 24 | $-18.8M | $-2.6M |
自由现金流CUBIRKLB
| Q4 25 | $481.0M | $-114.2M | ||
| Q3 25 | $106.4M | $-69.4M | ||
| Q2 25 | $162.1M | $-55.3M | ||
| Q1 25 | $93.4M | $-82.9M | ||
| Q4 24 | $143.6M | $-23.9M | ||
| Q3 24 | $24.1M | $-41.9M | ||
| Q2 24 | $5.8M | $-28.3M | ||
| Q1 24 | $-19.2M | $-21.8M |
自由现金流率CUBIRKLB
| Q4 25 | 203.0% | -63.6% | ||
| Q3 25 | 45.9% | -44.8% | ||
| Q2 25 | 78.6% | -38.3% | ||
| Q1 25 | 65.4% | -67.6% | ||
| Q4 24 | 85.5% | -18.1% | ||
| Q3 24 | 14.4% | -40.0% | ||
| Q2 24 | 2.9% | -26.7% | ||
| Q1 24 | -10.6% | -23.5% |
资本支出强度CUBIRKLB
| Q4 25 | 5.8% | 27.6% | ||
| Q3 25 | 4.5% | 29.6% | ||
| Q2 25 | 0.0% | 22.2% | ||
| Q1 25 | 0.5% | 23.4% | ||
| Q4 24 | 0.9% | 16.3% | ||
| Q3 24 | 0.2% | 10.5% | ||
| Q2 24 | 0.2% | 14.4% | ||
| Q1 24 | 0.2% | 20.7% |
现金转化率CUBIRKLB
| Q4 25 | — | — | ||
| Q3 25 | 1.54× | — | ||
| Q2 25 | 2.66× | — | ||
| Q1 25 | 7.29× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.52× | — | ||
| Q2 24 | 0.10× | — | ||
| Q1 24 | -0.38× | — |
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
CUBI
暂无分部数据
RKLB
| Products | $94.0M | 52% |
| Transferred Over Time | $87.3M | 49% |
