vs
多邻国（DUOL）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
多邻国的季度营收约是Rocket Lab Corp的1.6倍（$282.9M vs $179.7M），多邻国净利率更高（14.8% vs -29.5%，领先44.3%），Rocket Lab Corp同比增速更快（35.7% vs 35.0%），多邻国自由现金流更多（$96.6M vs $-114.2M），过去两年Rocket Lab Corp的营收复合增速更高（39.2% vs 29.9%）
多邻国是全球知名教育科技企业，提供覆盖40余种语言的免费及付费游戏化自适应学习课程，同时推出官方语言能力认证、数学学习、扫盲教育等服务，面向个人用户、教育机构及企业客户提供多元学习解决方案。
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。
DUOL vs RKLB — 直观对比
营收规模更大
DUOL
是对方的1.6倍
$179.7M
营收增速更快
RKLB
高出0.7%
35.0%
净利率更高
DUOL
高出44.3%
-29.5%
自由现金流更多
DUOL
多$210.7M
$-114.2M
两年增速更快
RKLB
近两年复合增速
29.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $282.9M | $179.7M |
| 净利润 | $42.0M | $-52.9M |
| 毛利率 | 72.8% | 38.0% |
| 营业利润率 | 15.4% | -28.4% |
| 净利率 | 14.8% | -29.5% |
| 营收同比 | 35.0% | 35.7% |
| 净利润同比 | 201.7% | -1.1% |
| 每股收益（稀释后） | $0.99 | $-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DUOLRKLB
| Q4 25 | $282.9M | $179.7M | ||
| Q3 25 | $271.7M | $155.1M | ||
| Q2 25 | $252.3M | $144.5M | ||
| Q1 25 | $230.7M | $122.6M | ||
| Q4 24 | $209.6M | $132.4M | ||
| Q3 24 | $192.6M | $104.8M | ||
| Q2 24 | $178.3M | $106.3M | ||
| Q1 24 | $167.6M | $92.8M |
净利润DUOLRKLB
| Q4 25 | $42.0M | $-52.9M | ||
| Q3 25 | $292.2M | $-18.3M | ||
| Q2 25 | $44.8M | $-66.4M | ||
| Q1 25 | $35.1M | $-60.6M | ||
| Q4 24 | $13.9M | $-52.3M | ||
| Q3 24 | $23.4M | $-51.9M | ||
| Q2 24 | $24.4M | $-41.6M | ||
| Q1 24 | $27.0M | $-44.3M |
毛利率DUOLRKLB
| Q4 25 | 72.8% | 38.0% | ||
| Q3 25 | 72.5% | 37.0% | ||
| Q2 25 | 72.4% | 32.1% | ||
| Q1 25 | 71.1% | 28.8% | ||
| Q4 24 | 71.9% | 27.8% | ||
| Q3 24 | 72.9% | 26.7% | ||
| Q2 24 | 73.4% | 25.6% | ||
| Q1 24 | 73.0% | 26.1% |
营业利润率DUOLRKLB
| Q4 25 | 15.4% | -28.4% | ||
| Q3 25 | 12.9% | -38.0% | ||
| Q2 25 | 13.2% | -41.3% | ||
| Q1 25 | 10.2% | -48.3% | ||
| Q4 24 | 6.6% | -38.9% | ||
| Q3 24 | 7.0% | -49.5% | ||
| Q2 24 | 10.5% | -40.7% | ||
| Q1 24 | 9.8% | -46.4% |
净利率DUOLRKLB
| Q4 25 | 14.8% | -29.5% | ||
| Q3 25 | 107.5% | -11.8% | ||
| Q2 25 | 17.8% | -46.0% | ||
| Q1 25 | 15.2% | -49.5% | ||
| Q4 24 | 6.6% | -39.5% | ||
| Q3 24 | 12.1% | -49.6% | ||
| Q2 24 | 13.7% | -39.2% | ||
| Q1 24 | 16.1% | -47.7% |
每股收益（稀释后）DUOLRKLB
| Q4 25 | $0.99 | $-0.09 | ||
| Q3 25 | $5.95 | $-0.03 | ||
| Q2 25 | $0.91 | $-0.13 | ||
| Q1 25 | $0.72 | $-0.12 | ||
| Q4 24 | $0.31 | $-0.11 | ||
| Q3 24 | $0.49 | $-0.10 | ||
| Q2 24 | $0.51 | $-0.08 | ||
| Q1 24 | $0.57 | $-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 | $1.0B | $1.0B |
| 总债务越低越好 | — | $152.4M |
| 股东权益账面价值 | $1.3B | $1.7B |
| 总资产 | $2.0B | $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DUOLRKLB
| Q4 25 | $1.0B | $1.0B | ||
| Q3 25 | $1.0B | $976.7M | ||
| Q2 25 | $976.2M | $688.1M | ||
| Q1 25 | $884.0M | $428.4M | ||
| Q4 24 | $785.8M | $419.0M | ||
| Q3 24 | $854.4M | $442.4M | ||
| Q2 24 | $888.2M | $496.8M | ||
| Q1 24 | $829.7M | $492.5M |
总债务DUOLRKLB
| 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DUOLRKLB
| Q4 25 | $1.3B | $1.7B | ||
| Q3 25 | $1.3B | $1.3B | ||
| Q2 25 | $977.0M | $688.5M | ||
| Q1 25 | $893.8M | $431.3M | ||
| Q4 24 | $824.5M | $382.5M | ||
| Q3 24 | $822.5M | $419.8M | ||
| Q2 24 | $766.9M | $455.2M | ||
| Q1 24 | $711.1M | $478.9M |
总资产DUOLRKLB
| Q4 25 | $2.0B | $2.3B | ||
| Q3 25 | $1.9B | $2.2B | ||
| Q2 25 | $1.5B | $1.6B | ||
| Q1 25 | $1.4B | $1.3B | ||
| Q4 24 | $1.3B | $1.2B | ||
| Q3 24 | $1.2B | $1.2B | ||
| Q2 24 | $1.1B | $1.2B | ||
| Q1 24 | $1.1B | $1.2B |
负债/权益比DUOLRKLB
| 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 | $107.3M | $-64.5M |
| 自由现金流经营现金流 - 资本支出 | $96.6M | $-114.2M |
| 自由现金流率自由现金流/营收 | 34.1% | -63.6% |
| 资本支出强度资本支出/营收 | 3.8% | 27.6% |
| 现金转化率经营现金流/净利润 | 2.56× | — |
| 过去12个月自由现金流最近4个季度 | $369.7M | $-321.8M |
8季度趋势，按日历期对齐
经营现金流DUOLRKLB
| Q4 25 | $107.3M | $-64.5M | ||
| Q3 25 | $84.2M | $-23.5M | ||
| Q2 25 | $90.7M | $-23.2M | ||
| Q1 25 | $105.6M | $-54.2M | ||
| Q4 24 | $83.3M | $-2.4M | ||
| Q3 24 | $56.3M | $-30.9M | ||
| Q2 24 | $62.4M | $-13.0M | ||
| Q1 24 | $83.5M | $-2.6M |
自由现金流DUOLRKLB
| Q4 25 | $96.6M | $-114.2M | ||
| Q3 25 | $79.4M | $-69.4M | ||
| Q2 25 | $89.5M | $-55.3M | ||
| Q1 25 | $104.3M | $-82.9M | ||
| Q4 24 | $81.4M | $-23.9M | ||
| Q3 24 | $53.1M | $-41.9M | ||
| Q2 24 | $56.8M | $-28.3M | ||
| Q1 24 | $82.1M | $-21.8M |
自由现金流率DUOLRKLB
| Q4 25 | 34.1% | -63.6% | ||
| Q3 25 | 29.2% | -44.8% | ||
| Q2 25 | 35.5% | -38.3% | ||
| Q1 25 | 45.2% | -67.6% | ||
| Q4 24 | 38.8% | -18.1% | ||
| Q3 24 | 27.6% | -40.0% | ||
| Q2 24 | 31.9% | -26.7% | ||
| Q1 24 | 49.0% | -23.5% |
资本支出强度DUOLRKLB
| Q4 25 | 3.8% | 27.6% | ||
| Q3 25 | 1.8% | 29.6% | ||
| Q2 25 | 0.5% | 22.2% | ||
| Q1 25 | 0.6% | 23.4% | ||
| Q4 24 | 0.9% | 16.3% | ||
| Q3 24 | 1.7% | 10.5% | ||
| Q2 24 | 3.1% | 14.4% | ||
| Q1 24 | 0.8% | 20.7% |
现金转化率DUOLRKLB
| Q4 25 | 2.56× | — | ||
| Q3 25 | 0.29× | — | ||
| Q2 25 | 2.02× | — | ||
| Q1 25 | 3.01× | — | ||
| Q4 24 | 5.99× | — | ||
| Q3 24 | 2.41× | — | ||
| Q2 24 | 2.56× | — | ||
| Q1 24 | 3.10× | — |
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
DUOL
| License And Service | $242.3M | 86% |
| Advertising | $20.2M | 7% |
| English Test | $10.3M | 4% |
| Other | $10.1M | 4% |
RKLB
| Products | $94.0M | 52% |
| Transferred Over Time | $87.3M | 49% |
