vs
DULUTH HOLDINGS INC.（DLTH）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DULUTH HOLDINGS INC.的1.6倍（$179.7M vs $114.9M），DULUTH HOLDINGS INC.净利率更高（-8.8% vs -29.5%，领先20.7%），Rocket Lab Corp同比增速更快（35.7% vs -9.6%），DULUTH HOLDINGS INC.自由现金流更多（$-8.9M vs $-114.2M），过去两年Rocket Lab Corp的营收复合增速更高（39.2% vs -31.6%）
德卢思控股是一家美国工装及配饰企业，主打通过旗下德卢思贸易品牌开展产品销售业务，面向市场推出各类实用工装及相关配饰产品，是美国本土颇具特色的服饰零售企业。
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。
DLTH vs RKLB — 直观对比
营收规模更大
RKLB
是对方的1.6倍
$114.9M
营收增速更快
RKLB
高出45.3%
-9.6%
净利率更高
DLTH
高出20.7%
-29.5%
自由现金流更多
DLTH
多$105.2M
$-114.2M
两年增速更快
RKLB
近两年复合增速
-31.6%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $114.9M | $179.7M |
| 净利润 | $-10.1M | $-52.9M |
| 毛利率 | 53.8% | 38.0% |
| 营业利润率 | -7.7% | -28.4% |
| 净利率 | -8.8% | -29.5% |
| 营收同比 | -9.6% | 35.7% |
| 净利润同比 | 64.6% | -1.1% |
| 每股收益（稀释后） | $-0.29 | $-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DLTHRKLB
| Q4 25 | $114.9M | $179.7M | ||
| Q3 25 | $131.7M | $155.1M | ||
| Q2 25 | $102.7M | $144.5M | ||
| Q1 25 | $241.3M | $122.6M | ||
| Q4 24 | $127.1M | $132.4M | ||
| Q3 24 | $141.6M | $104.8M | ||
| Q2 24 | $116.7M | $106.3M | ||
| Q1 24 | $245.6M | $92.8M |
净利润DLTHRKLB
| Q4 25 | $-10.1M | $-52.9M | ||
| Q3 25 | $1.3M | $-18.3M | ||
| Q2 25 | $-15.3M | $-66.4M | ||
| Q1 25 | $-5.6M | $-60.6M | ||
| Q4 24 | $-28.2M | $-52.3M | ||
| Q3 24 | $-2.0M | $-51.9M | ||
| Q2 24 | $-7.9M | $-41.6M | ||
| Q1 24 | $6.4M | $-44.3M |
毛利率DLTHRKLB
| Q4 25 | 53.8% | 38.0% | ||
| Q3 25 | 54.7% | 37.0% | ||
| Q2 25 | 52.0% | 32.1% | ||
| Q1 25 | 44.1% | 28.8% | ||
| Q4 24 | 52.3% | 27.8% | ||
| Q3 24 | 52.3% | 26.7% | ||
| Q2 24 | 52.8% | 25.6% | ||
| Q1 24 | 48.2% | 26.1% |
营业利润率DLTHRKLB
| Q4 25 | -7.7% | -28.4% | ||
| Q3 25 | 1.8% | -38.0% | ||
| Q2 25 | -12.0% | -41.3% | ||
| Q1 25 | -1.8% | -48.3% | ||
| Q4 24 | -17.4% | -38.9% | ||
| Q3 24 | -1.1% | -49.5% | ||
| Q2 24 | -7.7% | -40.7% | ||
| Q1 24 | 3.6% | -46.4% |
净利率DLTHRKLB
| Q4 25 | -8.8% | -29.5% | ||
| Q3 25 | 1.0% | -11.8% | ||
| Q2 25 | -14.9% | -46.0% | ||
| Q1 25 | -2.3% | -49.5% | ||
| Q4 24 | -22.2% | -39.5% | ||
| Q3 24 | -1.4% | -49.6% | ||
| Q2 24 | -6.7% | -39.2% | ||
| Q1 24 | 2.6% | -47.7% |
每股收益（稀释后）DLTHRKLB
| Q4 25 | $-0.29 | $-0.09 | ||
| Q3 25 | $0.04 | $-0.03 | ||
| Q2 25 | $-0.45 | $-0.13 | ||
| Q1 25 | $-0.17 | $-0.12 | ||
| Q4 24 | $-0.84 | $-0.11 | ||
| Q3 24 | $-0.06 | $-0.10 | ||
| Q2 24 | $-0.24 | $-0.08 | ||
| Q1 24 | $0.20 | $-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 | $8.2M | $1.0B |
| 总债务越低越好 | — | $152.4M |
| 股东权益账面价值 | $160.6M | $1.7B |
| 总资产 | $468.0M | $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DLTHRKLB
| Q4 25 | $8.2M | $1.0B | ||
| Q3 25 | $5.7M | $976.7M | ||
| Q2 25 | $8.6M | $688.1M | ||
| Q1 25 | $3.3M | $428.4M | ||
| Q4 24 | $9.3M | $419.0M | ||
| Q3 24 | $9.8M | $442.4M | ||
| Q2 24 | $6.8M | $496.8M | ||
| Q1 24 | $32.2M | $492.5M |
总债务DLTHRKLB
| 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DLTHRKLB
| Q4 25 | $160.6M | $1.7B | ||
| Q3 25 | $170.0M | $1.3B | ||
| Q2 25 | $167.9M | $688.5M | ||
| Q1 25 | $182.7M | $431.3M | ||
| Q4 24 | $188.1M | $382.5M | ||
| Q3 24 | $215.7M | $419.8M | ||
| Q2 24 | $218.4M | $455.2M | ||
| Q1 24 | $222.8M | $478.9M |
总资产DLTHRKLB
| Q4 25 | $468.0M | $2.3B | ||
| Q3 25 | $433.8M | $2.2B | ||
| Q2 25 | $463.7M | $1.6B | ||
| Q1 25 | $452.4M | $1.3B | ||
| Q4 24 | $533.1M | $1.2B | ||
| Q3 24 | $488.6M | $1.2B | ||
| Q2 24 | $471.4M | $1.2B | ||
| Q1 24 | $491.2M | $1.2B |
负债/权益比DLTHRKLB
| 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 | $-6.7M | $-64.5M |
| 自由现金流经营现金流 - 资本支出 | $-8.9M | $-114.2M |
| 自由现金流率自由现金流/营收 | -7.8% | -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 | $1.7M | $-321.8M |
8季度趋势，按日历期对齐
经营现金流DLTHRKLB
| Q4 25 | $-6.7M | $-64.5M | ||
| Q3 25 | $32.0M | $-23.5M | ||
| Q2 25 | $-56.5M | $-23.2M | ||
| Q1 25 | $41.2M | $-54.2M | ||
| Q4 24 | $-41.1M | $-2.4M | ||
| Q3 24 | $16.6M | $-30.9M | ||
| Q2 24 | $-33.7M | $-13.0M | ||
| Q1 24 | $69.7M | $-2.6M |
自由现金流DLTHRKLB
| Q4 25 | $-8.9M | $-114.2M | ||
| Q3 25 | $29.8M | $-69.4M | ||
| Q2 25 | $-57.8M | $-55.3M | ||
| Q1 25 | $38.7M | $-82.9M | ||
| Q4 24 | $-43.7M | $-23.9M | ||
| Q3 24 | $15.0M | $-41.9M | ||
| Q2 24 | $-35.2M | $-28.3M | ||
| Q1 24 | $60.6M | $-21.8M |
自由现金流率DLTHRKLB
| Q4 25 | -7.8% | -63.6% | ||
| Q3 25 | 22.6% | -44.8% | ||
| Q2 25 | -56.3% | -38.3% | ||
| Q1 25 | 16.0% | -67.6% | ||
| Q4 24 | -34.4% | -18.1% | ||
| Q3 24 | 10.6% | -40.0% | ||
| Q2 24 | -30.2% | -26.7% | ||
| Q1 24 | 24.7% | -23.5% |
资本支出强度DLTHRKLB
| Q4 25 | 2.0% | 27.6% | ||
| Q3 25 | 1.7% | 29.6% | ||
| Q2 25 | 1.3% | 22.2% | ||
| Q1 25 | 1.0% | 23.4% | ||
| Q4 24 | 2.1% | 16.3% | ||
| Q3 24 | 1.2% | 10.5% | ||
| Q2 24 | 1.3% | 14.4% | ||
| Q1 24 | 3.7% | 20.7% |
现金转化率DLTHRKLB
| Q4 25 | — | — | ||
| Q3 25 | 25.40× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 10.86× | — |
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
DLTH
| Sales Channel Directly To Consumer | $67.4M | 59% |
| Sales Channel Through Intermediary | $47.4M | 41% |
RKLB
| Products | $94.0M | 52% |
| Transferred Over Time | $87.3M | 49% |
