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Clearwater Analytics Holdings, Inc.（CWAN）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
Clearwater Analytics Holdings, Inc.的季度营收约是Rocket Lab Corp的1.2倍（$217.5M vs $179.7M），Clearwater Analytics Holdings, Inc.净利率更高（-5.4% vs -29.5%，领先24.1%），Clearwater Analytics Holdings, Inc.同比增速更快（72.0% vs 35.7%），Clearwater Analytics Holdings, Inc.自由现金流更多（$52.3M vs $-114.2M），过去两年Clearwater Analytics Holdings, Inc.的营收复合增速更高（45.5% vs 39.2%）
Clearwater Analytics Holdings是美国SaaS金融科技企业，面向全球客户提供自动化投资会计、业绩测算、合规管理及风险报告服务。公司为公开上市企业，总部位于美国爱达荷州博伊西，在伦敦、爱丁堡、纽约、诺伊达多地设有分支机构。
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。
CWAN vs RKLB — 直观对比
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $217.5M | $179.7M |
| 净利润 | $-11.8M | $-52.9M |
| 毛利率 | 67.2% | 38.0% |
| 营业利润率 | -3.1% | -28.4% |
| 净利率 | -5.4% | -29.5% |
| 营收同比 | 72.0% | 35.7% |
| 净利润同比 | -102.8% | -1.1% |
| 每股收益（稀释后） | $-0.04 | $-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
| Q4 25 | $217.5M | $179.7M | ||
| Q3 25 | $205.1M | $155.1M | ||
| Q2 25 | $181.9M | $144.5M | ||
| Q1 25 | $126.9M | $122.6M | ||
| Q4 24 | $126.5M | $132.4M | ||
| Q3 24 | $115.8M | $104.8M | ||
| Q2 24 | $106.8M | $106.3M | ||
| Q1 24 | $102.7M | $92.8M |
| Q4 25 | $-11.8M | $-52.9M | ||
| Q3 25 | $-10.3M | $-18.3M | ||
| Q2 25 | $-23.2M | $-66.4M | ||
| Q1 25 | $6.5M | $-60.6M | ||
| Q4 24 | $419.3M | $-52.3M | ||
| Q3 24 | $3.6M | $-51.9M | ||
| Q2 24 | $-430.0K | $-41.6M | ||
| Q1 24 | $1.9M | $-44.3M |
| Q4 25 | 67.2% | 38.0% | ||
| Q3 25 | 65.6% | 37.0% | ||
| Q2 25 | 65.1% | 32.1% | ||
| Q1 25 | 73.3% | 28.8% | ||
| Q4 24 | 73.5% | 27.8% | ||
| Q3 24 | 72.9% | 26.7% | ||
| Q2 24 | 72.0% | 25.6% | ||
| Q1 24 | 72.6% | 26.1% |
| Q4 25 | -3.1% | -28.4% | ||
| Q3 25 | 3.2% | -38.0% | ||
| Q2 25 | -8.0% | -41.3% | ||
| Q1 25 | 5.6% | -48.3% | ||
| Q4 24 | 1.0% | -38.9% | ||
| Q3 24 | 6.3% | -49.5% | ||
| Q2 24 | 3.6% | -40.7% | ||
| Q1 24 | -0.2% | -46.4% |
| Q4 25 | -5.4% | -29.5% | ||
| Q3 25 | -5.0% | -11.8% | ||
| Q2 25 | -12.8% | -46.0% | ||
| Q1 25 | 5.1% | -49.5% | ||
| Q4 24 | 331.5% | -39.5% | ||
| Q3 24 | 3.1% | -49.6% | ||
| Q2 24 | -0.4% | -39.2% | ||
| Q1 24 | 1.8% | -47.7% |
| Q4 25 | $-0.04 | $-0.09 | ||
| Q3 25 | $-0.04 | $-0.03 | ||
| Q2 25 | $-0.09 | $-0.13 | ||
| Q1 25 | $0.03 | $-0.12 | ||
| Q4 24 | $1.65 | $-0.11 | ||
| Q3 24 | $0.02 | $-0.10 | ||
| Q2 24 | $0.00 | $-0.08 | ||
| Q1 24 | $0.01 | $-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 | $91.2M | $1.0B |
| 总债务越低越好 | $822.6M | $152.4M |
| 股东权益账面价值 | $2.0B | $1.7B |
| 总资产 | $3.0B | $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
| Q4 25 | $91.2M | $1.0B | ||
| Q3 25 | $64.1M | $976.7M | ||
| Q2 25 | $71.9M | $688.1M | ||
| Q1 25 | $282.9M | $428.4M | ||
| Q4 24 | $255.5M | $419.0M | ||
| Q3 24 | $305.8M | $442.4M | ||
| Q2 24 | $257.9M | $496.8M | ||
| Q1 24 | $267.6M | $492.5M |
| Q4 25 | $822.6M | $152.4M | ||
| Q3 25 | $838.9M | $347.0M | ||
| Q2 25 | $878.1M | $346.5M | ||
| Q1 25 | — | $345.9M | ||
| Q4 24 | $43.3M | $345.4M | ||
| Q3 24 | — | $61.2M | ||
| Q2 24 | — | $64.2M | ||
| Q1 24 | — | $66.8M |
| Q4 25 | $2.0B | $1.7B | ||
| Q3 25 | $2.0B | $1.3B | ||
| Q2 25 | $2.0B | $688.5M | ||
| Q1 25 | $1.1B | $431.3M | ||
| Q4 24 | $1.0B | $382.5M | ||
| Q3 24 | $403.2M | $419.8M | ||
| Q2 24 | $380.6M | $455.2M | ||
| Q1 24 | $406.2M | $478.9M |
| Q4 25 | $3.0B | $2.3B | ||
| Q3 25 | $3.0B | $2.2B | ||
| Q2 25 | $3.0B | $1.6B | ||
| Q1 25 | $1.3B | $1.3B | ||
| Q4 24 | $1.2B | $1.2B | ||
| Q3 24 | $623.5M | $1.2B | ||
| Q2 24 | $585.1M | $1.2B | ||
| Q1 24 | $547.8M | $1.2B |
| Q4 25 | 0.41× | 0.09× | ||
| Q3 25 | 0.42× | 0.27× | ||
| Q2 25 | 0.45× | 0.50× | ||
| Q1 25 | — | 0.80× | ||
| Q4 24 | 0.04× | 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 | $55.3M | $-64.5M |
| 自由现金流经营现金流 - 资本支出 | $52.3M | $-114.2M |
| 自由现金流率自由现金流/营收 | 24.0% | -63.6% |
| 资本支出强度资本支出/营收 | 1.4% | 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 | $164.3M | $-321.8M |
8季度趋势，按日历期对齐
| Q4 25 | $55.3M | $-64.5M | ||
| Q3 25 | $49.0M | $-23.5M | ||
| Q2 25 | $47.1M | $-23.2M | ||
| Q1 25 | $24.5M | $-54.2M | ||
| Q4 24 | $-29.2M | $-2.4M | ||
| Q3 24 | $49.6M | $-30.9M | ||
| Q2 24 | $43.9M | $-13.0M | ||
| Q1 24 | $10.0M | $-2.6M |
| Q4 25 | $52.3M | $-114.2M | ||
| Q3 25 | $44.9M | $-69.4M | ||
| Q2 25 | $44.1M | $-55.3M | ||
| Q1 25 | $23.0M | $-82.9M | ||
| Q4 24 | $-30.0M | $-23.9M | ||
| Q3 24 | $48.1M | $-41.9M | ||
| Q2 24 | $42.4M | $-28.3M | ||
| Q1 24 | $8.6M | $-21.8M |
| Q4 25 | 24.0% | -63.6% | ||
| Q3 25 | 21.9% | -44.8% | ||
| Q2 25 | 24.2% | -38.3% | ||
| Q1 25 | 18.2% | -67.6% | ||
| Q4 24 | -23.7% | -18.1% | ||
| Q3 24 | 41.5% | -40.0% | ||
| Q2 24 | 39.7% | -26.7% | ||
| Q1 24 | 8.4% | -23.5% |
| Q4 25 | 1.4% | 27.6% | ||
| Q3 25 | 2.0% | 29.6% | ||
| Q2 25 | 1.6% | 22.2% | ||
| Q1 25 | 1.2% | 23.4% | ||
| Q4 24 | 0.6% | 16.3% | ||
| Q3 24 | 1.3% | 10.5% | ||
| Q2 24 | 1.4% | 14.4% | ||
| Q1 24 | 1.4% | 20.7% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 3.76× | — | ||
| Q4 24 | -0.07× | — | ||
| Q3 24 | 13.66× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 5.29× | — |
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
CWAN
暂无分部数据
RKLB
| Products | $94.0M | 52% |
| Transferred Over Time | $87.3M | 49% |
