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Douglas Emmett Inc（DEI）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
Douglas Emmett Inc的季度营收约是Rocket Lab Corp的1.4倍（$249.4M vs $179.7M），Douglas Emmett Inc净利率更高（-2.7% vs -29.5%，领先26.7%），Rocket Lab Corp同比增速更快（35.7% vs 1.8%），Douglas Emmett Inc自由现金流更多（$194.5M vs $-114.2M），过去两年Rocket Lab Corp的营收复合增速更高（39.2% vs 0.9%）
道格拉斯·艾米特公司是一家领先的房地产投资信托企业，主要持有、运营及收购优质写字楼与多户住宅物业，核心市场覆盖加州洛杉矶、夏威夷州檀香山等准入门槛较高的区域，服务高端商业及住宅租户群体。
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。
DEI vs RKLB — 直观对比
营收规模更大
DEI
是对方的1.4倍
$179.7M
营收增速更快
RKLB
高出33.9%
1.8%
净利率更高
DEI
高出26.7%
-29.5%
自由现金流更多
DEI
多$308.6M
$-114.2M
两年增速更快
RKLB
近两年复合增速
0.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $249.4M | $179.7M |
| 净利润 | $-6.8M | $-52.9M |
| 毛利率 | 62.2% | 38.0% |
| 营业利润率 | — | -28.4% |
| 净利率 | -2.7% | -29.5% |
| 营收同比 | 1.8% | 35.7% |
| 净利润同比 | -670.7% | -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
营收DEIRKLB
| Q4 25 | $249.4M | $179.7M | ||
| Q3 25 | $250.6M | $155.1M | ||
| Q2 25 | $252.4M | $144.5M | ||
| Q1 25 | $251.5M | $122.6M | ||
| Q4 24 | $245.0M | $132.4M | ||
| Q3 24 | $250.8M | $104.8M | ||
| Q2 24 | $245.8M | $106.3M | ||
| Q1 24 | $245.0M | $92.8M |
净利润DEIRKLB
| Q4 25 | $-6.8M | $-52.9M | ||
| Q3 25 | $-10.9M | $-18.3M | ||
| Q2 25 | $-5.8M | $-66.4M | ||
| Q1 25 | $39.8M | $-60.6M | ||
| Q4 24 | $-888.0K | $-52.3M | ||
| Q3 24 | $4.6M | $-51.9M | ||
| Q2 24 | $10.9M | $-41.6M | ||
| Q1 24 | $8.9M | $-44.3M |
毛利率DEIRKLB
| Q4 25 | 62.2% | 38.0% | ||
| Q3 25 | 63.6% | 37.0% | ||
| Q2 25 | 63.2% | 32.1% | ||
| Q1 25 | 64.4% | 28.8% | ||
| Q4 24 | 63.5% | 27.8% | ||
| Q3 24 | 62.2% | 26.7% | ||
| Q2 24 | 66.2% | 25.6% | ||
| Q1 24 | 66.1% | 26.1% |
营业利润率DEIRKLB
| Q4 25 | — | -28.4% | ||
| Q3 25 | — | -38.0% | ||
| Q2 25 | — | -41.3% | ||
| Q1 25 | — | -48.3% | ||
| Q4 24 | — | -38.9% | ||
| Q3 24 | — | -49.5% | ||
| Q2 24 | — | -40.7% | ||
| Q1 24 | — | -46.4% |
净利率DEIRKLB
| Q4 25 | -2.7% | -29.5% | ||
| Q3 25 | -4.3% | -11.8% | ||
| Q2 25 | -2.3% | -46.0% | ||
| Q1 25 | 15.8% | -49.5% | ||
| Q4 24 | -0.4% | -39.5% | ||
| Q3 24 | 1.8% | -49.6% | ||
| Q2 24 | 4.4% | -39.2% | ||
| Q1 24 | 3.6% | -47.7% |
每股收益（稀释后）DEIRKLB
| Q4 25 | $-0.04 | $-0.09 | ||
| Q3 25 | $-0.07 | $-0.03 | ||
| Q2 25 | $-0.04 | $-0.13 | ||
| Q1 25 | $0.24 | $-0.12 | ||
| Q4 24 | $-0.01 | $-0.11 | ||
| Q3 24 | $0.03 | $-0.10 | ||
| Q2 24 | $0.06 | $-0.08 | ||
| Q1 24 | $0.05 | $-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 | $340.8M | $1.0B |
| 总债务越低越好 | $5.5B | $152.4M |
| 股东权益账面价值 | $1.9B | $1.7B |
| 总资产 | $9.3B | $2.3B |
| 负债/权益比越低杠杆越低 | 2.91× | 0.09× |
8季度趋势，按日历期对齐
现金及短期投资DEIRKLB
| Q4 25 | $340.8M | $1.0B | ||
| Q3 25 | $408.5M | $976.7M | ||
| Q2 25 | $426.9M | $688.1M | ||
| Q1 25 | $525.7M | $428.4M | ||
| Q4 24 | $444.6M | $419.0M | ||
| Q3 24 | $544.2M | $442.4M | ||
| Q2 24 | $561.1M | $496.8M | ||
| Q1 24 | $556.7M | $492.5M |
总债务DEIRKLB
| Q4 25 | $5.5B | $152.4M | ||
| Q3 25 | $5.6B | $347.0M | ||
| Q2 25 | $5.6B | $346.5M | ||
| Q1 25 | $5.6B | $345.9M | ||
| Q4 24 | $5.5B | $345.4M | ||
| Q3 24 | $5.5B | $61.2M | ||
| Q2 24 | $5.5B | $64.2M | ||
| Q1 24 | $5.5B | $66.8M |
股东权益DEIRKLB
| Q4 25 | $1.9B | $1.7B | ||
| Q3 25 | $1.9B | $1.3B | ||
| Q2 25 | $2.0B | $688.5M | ||
| Q1 25 | $2.0B | $431.3M | ||
| Q4 24 | $2.1B | $382.5M | ||
| Q3 24 | $2.1B | $419.8M | ||
| Q2 24 | $2.2B | $455.2M | ||
| Q1 24 | $2.2B | $478.9M |
总资产DEIRKLB
| Q4 25 | $9.3B | $2.3B | ||
| Q3 25 | $9.4B | $2.2B | ||
| Q2 25 | $9.4B | $1.6B | ||
| Q1 25 | $9.6B | $1.3B | ||
| Q4 24 | $9.4B | $1.2B | ||
| Q3 24 | $9.5B | $1.2B | ||
| Q2 24 | $9.6B | $1.2B | ||
| Q1 24 | $9.6B | $1.2B |
负债/权益比DEIRKLB
| Q4 25 | 2.91× | 0.09× | ||
| Q3 25 | 2.85× | 0.27× | ||
| Q2 25 | 2.78× | 0.50× | ||
| Q1 25 | 2.75× | 0.80× | ||
| Q4 24 | 2.67× | 0.90× | ||
| Q3 24 | 2.64× | 0.15× | ||
| Q2 24 | 2.56× | 0.14× | ||
| Q1 24 | 2.52× | 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 | $386.9M | $-64.5M |
| 自由现金流经营现金流 - 资本支出 | $194.5M | $-114.2M |
| 自由现金流率自由现金流/营收 | 78.0% | -63.6% |
| 资本支出强度资本支出/营收 | 77.1% | 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 | $376.9M | $-321.8M |
8季度趋势，按日历期对齐
经营现金流DEIRKLB
| Q4 25 | $386.9M | $-64.5M | ||
| Q3 25 | $109.8M | $-23.5M | ||
| Q2 25 | $81.3M | $-23.2M | ||
| Q1 25 | $132.6M | $-54.2M | ||
| Q4 24 | $408.7M | $-2.4M | ||
| Q3 24 | $103.7M | $-30.9M | ||
| Q2 24 | $91.9M | $-13.0M | ||
| Q1 24 | $139.0M | $-2.6M |
自由现金流DEIRKLB
| Q4 25 | $194.5M | $-114.2M | ||
| Q3 25 | $61.9M | $-69.4M | ||
| Q2 25 | $30.2M | $-55.3M | ||
| Q1 25 | $90.3M | $-82.9M | ||
| Q4 24 | $241.4M | $-23.9M | ||
| Q3 24 | $63.2M | $-41.9M | ||
| Q2 24 | $52.2M | $-28.3M | ||
| Q1 24 | $90.9M | $-21.8M |
自由现金流率DEIRKLB
| Q4 25 | 78.0% | -63.6% | ||
| Q3 25 | 24.7% | -44.8% | ||
| Q2 25 | 11.9% | -38.3% | ||
| Q1 25 | 35.9% | -67.6% | ||
| Q4 24 | 98.5% | -18.1% | ||
| Q3 24 | 25.2% | -40.0% | ||
| Q2 24 | 21.2% | -26.7% | ||
| Q1 24 | 37.1% | -23.5% |
资本支出强度DEIRKLB
| Q4 25 | 77.1% | 27.6% | ||
| Q3 25 | 19.1% | 29.6% | ||
| Q2 25 | 20.3% | 22.2% | ||
| Q1 25 | 16.8% | 23.4% | ||
| Q4 24 | 68.3% | 16.3% | ||
| Q3 24 | 16.1% | 10.5% | ||
| Q2 24 | 16.1% | 14.4% | ||
| Q1 24 | 19.6% | 20.7% |
现金转化率DEIRKLB
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 3.33× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 22.46× | — | ||
| Q2 24 | 8.44× | — | ||
| Q1 24 | 15.60× | — |
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
DEI
| Rental Revenue And Tenant Recovery Revenue | $169.4M | 68% |
| Multifamily Segment | $49.9M | 20% |
| Parking Revenue And Other Income | $30.2M | 12% |
RKLB
| Products | $94.0M | 52% |
| Transferred Over Time | $87.3M | 49% |
