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DUCOMMUN INC（DCO）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
DUCOMMUN INC的季度营收约是Rocket Lab Corp的1.2倍（$215.8M vs $179.7M），DUCOMMUN INC净利率更高（3.4% vs -29.5%，领先32.9%），Rocket Lab Corp同比增速更快（35.7% vs 9.4%），DUCOMMUN INC自由现金流更多（$-78.8M vs $-114.2M），过去两年Rocket Lab Corp的营收复合增速更高（39.2% vs 6.3%）
杜科蒙是一家全球性航空航天与国防制造企业，主要供应复杂结构部件、电子系统，提供专业工程服务，覆盖商用航空、军事国防、航天领域客户，交付适用于关键航空航天场景的高可靠性解决方案。
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。
DCO vs RKLB — 直观对比
营收规模更大
DCO
是对方的1.2倍
$179.7M
营收增速更快
RKLB
高出26.3%
9.4%
净利率更高
DCO
高出32.9%
-29.5%
自由现金流更多
DCO
多$35.4M
$-114.2M
两年增速更快
RKLB
近两年复合增速
6.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $215.8M | $179.7M |
| 净利润 | $7.4M | $-52.9M |
| 毛利率 | 27.7% | 38.0% |
| 营业利润率 | 6.5% | -28.4% |
| 净利率 | 3.4% | -29.5% |
| 营收同比 | 9.4% | 35.7% |
| 净利润同比 | 9.9% | -1.1% |
| 每股收益（稀释后） | $0.52 | $-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DCORKLB
| Q4 25 | $215.8M | $179.7M | ||
| Q3 25 | $212.6M | $155.1M | ||
| Q2 25 | $202.3M | $144.5M | ||
| Q1 25 | $194.1M | $122.6M | ||
| Q4 24 | $197.3M | $132.4M | ||
| Q3 24 | $201.4M | $104.8M | ||
| Q2 24 | $197.0M | $106.3M | ||
| Q1 24 | $190.8M | $92.8M |
净利润DCORKLB
| Q4 25 | $7.4M | $-52.9M | ||
| Q3 25 | $-64.4M | $-18.3M | ||
| Q2 25 | $12.6M | $-66.4M | ||
| Q1 25 | $10.5M | $-60.6M | ||
| Q4 24 | $6.8M | $-52.3M | ||
| Q3 24 | $10.1M | $-51.9M | ||
| Q2 24 | $7.7M | $-41.6M | ||
| Q1 24 | $6.8M | $-44.3M |
毛利率DCORKLB
| Q4 25 | 27.7% | 38.0% | ||
| Q3 25 | 26.6% | 37.0% | ||
| Q2 25 | 26.6% | 32.1% | ||
| Q1 25 | 26.6% | 28.8% | ||
| Q4 24 | 23.5% | 27.8% | ||
| Q3 24 | 26.2% | 26.7% | ||
| Q2 24 | 26.0% | 25.6% | ||
| Q1 24 | 24.6% | 26.1% |
营业利润率DCORKLB
| Q4 25 | 6.5% | -28.4% | ||
| Q3 25 | -37.7% | -38.0% | ||
| Q2 25 | 8.5% | -41.3% | ||
| Q1 25 | 8.5% | -48.3% | ||
| Q4 24 | 5.3% | -38.9% | ||
| Q3 24 | 7.6% | -49.5% | ||
| Q2 24 | 7.1% | -40.7% | ||
| Q1 24 | 6.6% | -46.4% |
净利率DCORKLB
| Q4 25 | 3.4% | -29.5% | ||
| Q3 25 | -30.3% | -11.8% | ||
| Q2 25 | 6.2% | -46.0% | ||
| Q1 25 | 5.4% | -49.5% | ||
| Q4 24 | 3.4% | -39.5% | ||
| Q3 24 | 5.0% | -49.6% | ||
| Q2 24 | 3.9% | -39.2% | ||
| Q1 24 | 3.6% | -47.7% |
每股收益（稀释后）DCORKLB
| Q4 25 | $0.52 | $-0.09 | ||
| Q3 25 | $-4.30 | $-0.03 | ||
| Q2 25 | $0.82 | $-0.13 | ||
| Q1 25 | $0.69 | $-0.12 | ||
| Q4 24 | $0.45 | $-0.11 | ||
| Q3 24 | $0.67 | $-0.10 | ||
| Q2 24 | $0.52 | $-0.08 | ||
| Q1 24 | $0.46 | $-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 | $45.3M | $1.0B |
| 总债务越低越好 | $298.8M | $152.4M |
| 股东权益账面价值 | $662.1M | $1.7B |
| 总资产 | $1.2B | $2.3B |
| 负债/权益比越低杠杆越低 | 0.45× | 0.09× |
8季度趋势，按日历期对齐
现金及短期投资DCORKLB
| Q4 25 | $45.3M | $1.0B | ||
| Q3 25 | $50.9M | $976.7M | ||
| Q2 25 | $37.1M | $688.1M | ||
| Q1 25 | $30.7M | $428.4M | ||
| Q4 24 | $37.1M | $419.0M | ||
| Q3 24 | $37.3M | $442.4M | ||
| Q2 24 | $29.4M | $496.8M | ||
| Q1 24 | $32.1M | $492.5M |
总债务DCORKLB
| Q4 25 | $298.8M | $152.4M | ||
| Q3 25 | $215.0M | $347.0M | ||
| Q2 25 | $218.1M | $346.5M | ||
| Q1 25 | $229.9M | $345.9M | ||
| Q4 24 | $229.8M | $345.4M | ||
| Q3 24 | $246.0M | $61.2M | ||
| Q2 24 | $250.9M | $64.2M | ||
| Q1 24 | $253.9M | $66.8M |
股东权益DCORKLB
| Q4 25 | $662.1M | $1.7B | ||
| Q3 25 | $649.0M | $1.3B | ||
| Q2 25 | $707.8M | $688.5M | ||
| Q1 25 | $693.0M | $431.3M | ||
| Q4 24 | $682.5M | $382.5M | ||
| Q3 24 | $665.6M | $419.8M | ||
| Q2 24 | $655.9M | $455.2M | ||
| Q1 24 | $645.5M | $478.9M |
总资产DCORKLB
| Q4 25 | $1.2B | $2.3B | ||
| Q3 25 | $1.2B | $2.2B | ||
| Q2 25 | $1.1B | $1.6B | ||
| Q1 25 | $1.1B | $1.3B | ||
| Q4 24 | $1.1B | $1.2B | ||
| Q3 24 | $1.1B | $1.2B | ||
| Q2 24 | $1.1B | $1.2B | ||
| Q1 24 | $1.1B | $1.2B |
负债/权益比DCORKLB
| Q4 25 | 0.45× | 0.09× | ||
| Q3 25 | 0.33× | 0.27× | ||
| Q2 25 | 0.31× | 0.50× | ||
| Q1 25 | 0.33× | 0.80× | ||
| Q4 24 | 0.34× | 0.90× | ||
| Q3 24 | 0.37× | 0.15× | ||
| Q2 24 | 0.38× | 0.14× | ||
| Q1 24 | 0.39× | 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 | $-74.7M | $-64.5M |
| 自由现金流经营现金流 - 资本支出 | $-78.8M | $-114.2M |
| 自由现金流率自由现金流/营收 | -36.5% | -63.6% |
| 资本支出强度资本支出/营收 | 1.9% | 27.6% |
| 现金转化率经营现金流/净利润 | -10.03× | — |
| 过去12个月自由现金流最近4个季度 | $-48.6M | $-321.8M |
8季度趋势，按日历期对齐
经营现金流DCORKLB
| Q4 25 | $-74.7M | $-64.5M | ||
| Q3 25 | $18.1M | $-23.5M | ||
| Q2 25 | $22.4M | $-23.2M | ||
| Q1 25 | $771.0K | $-54.2M | ||
| Q4 24 | $18.4M | $-2.4M | ||
| Q3 24 | $13.9M | $-30.9M | ||
| Q2 24 | $3.5M | $-13.0M | ||
| Q1 24 | $-1.6M | $-2.6M |
自由现金流DCORKLB
| Q4 25 | $-78.8M | $-114.2M | ||
| Q3 25 | $16.0M | $-69.4M | ||
| Q2 25 | $18.1M | $-55.3M | ||
| Q1 25 | $-4.0M | $-82.9M | ||
| Q4 24 | $14.6M | $-23.9M | ||
| Q3 24 | $12.0M | $-41.9M | ||
| Q2 24 | $144.0K | $-28.3M | ||
| Q1 24 | $-6.6M | $-21.8M |
自由现金流率DCORKLB
| Q4 25 | -36.5% | -63.6% | ||
| Q3 25 | 7.5% | -44.8% | ||
| Q2 25 | 9.0% | -38.3% | ||
| Q1 25 | -2.1% | -67.6% | ||
| Q4 24 | 7.4% | -18.1% | ||
| Q3 24 | 5.9% | -40.0% | ||
| Q2 24 | 0.1% | -26.7% | ||
| Q1 24 | -3.5% | -23.5% |
资本支出强度DCORKLB
| Q4 25 | 1.9% | 27.6% | ||
| Q3 25 | 1.0% | 29.6% | ||
| Q2 25 | 2.1% | 22.2% | ||
| Q1 25 | 2.5% | 23.4% | ||
| Q4 24 | 2.0% | 16.3% | ||
| Q3 24 | 1.0% | 10.5% | ||
| Q2 24 | 1.7% | 14.4% | ||
| Q1 24 | 2.6% | 20.7% |
现金转化率DCORKLB
| Q4 25 | -10.03× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 1.79× | — | ||
| Q1 25 | 0.07× | — | ||
| Q4 24 | 2.72× | — | ||
| Q3 24 | 1.37× | — | ||
| Q2 24 | 0.45× | — | ||
| Q1 24 | -0.24× | — |
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
DCO
| Other | $90.1M | 42% |
| Militaryand Space | $60.0M | 28% |
| Electronic Systems Segment | $31.3M | 15% |
| Commercial Aerospace | $24.8M | 11% |
| Estimate At Completion Adjustment | $6.6M | 3% |
| Industrial | $3.0M | 1% |
RKLB
| Products | $94.0M | 52% |
| Transferred Over Time | $87.3M | 49% |
