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GRAFTECH INTERNATIONAL LTD（EAF）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GRAFTECH INTERNATIONAL LTD的1.5倍（$179.7M vs $116.5M），Rocket Lab Corp净利率更高（-29.5% vs -55.9%，领先26.5%），Rocket Lab Corp同比增速更快（35.7% vs -13.2%），GRAFTECH INTERNATIONAL LTD自由现金流更多（$-39.3M vs $-114.2M），过去两年Rocket Lab Corp的营收复合增速更高（39.2% vs -7.7%）
格瑞泰克国际有限公司是石墨电极与石油焦生产商，其产品是电弧炉炼钢及其他金属生产的核心原材料。公司总部位于俄亥俄州布鲁克林海茨，在法国加来、西班牙潘普洛纳、墨西哥蒙特雷以及美国宾夕法尼亚州圣玛丽斯均设有生产基地。
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。
EAF vs RKLB — 直观对比
营收规模更大
RKLB
是对方的1.5倍
$116.5M
营收增速更快
RKLB
高出48.9%
-13.2%
净利率更高
RKLB
高出26.5%
-55.9%
自由现金流更多
EAF
多$74.9M
$-114.2M
两年增速更快
RKLB
近两年复合增速
-7.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $116.5M | $179.7M |
| 净利润 | $-65.1M | $-52.9M |
| 毛利率 | -20.9% | 38.0% |
| 营业利润率 | -33.6% | -28.4% |
| 净利率 | -55.9% | -29.5% |
| 营收同比 | -13.2% | 35.7% |
| 净利润同比 | -31.6% | -1.1% |
| 每股收益（稀释后） | $-6.86 | $-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EAFRKLB
| Q4 25 | $116.5M | $179.7M | ||
| Q3 25 | $144.0M | $155.1M | ||
| Q2 25 | $131.8M | $144.5M | ||
| Q1 25 | $111.8M | $122.6M | ||
| Q4 24 | $134.2M | $132.4M | ||
| Q3 24 | $130.7M | $104.8M | ||
| Q2 24 | $137.3M | $106.3M | ||
| Q1 24 | $136.6M | $92.8M |
净利润EAFRKLB
| Q4 25 | $-65.1M | $-52.9M | ||
| Q3 25 | $-28.5M | $-18.3M | ||
| Q2 25 | $-86.9M | $-66.4M | ||
| Q1 25 | $-39.4M | $-60.6M | ||
| Q4 24 | $-49.5M | $-52.3M | ||
| Q3 24 | $-36.1M | $-51.9M | ||
| Q2 24 | $-14.8M | $-41.6M | ||
| Q1 24 | $-30.9M | $-44.3M |
毛利率EAFRKLB
| Q4 25 | -20.9% | 38.0% | ||
| Q3 25 | 7.2% | 37.0% | ||
| Q2 25 | 0.0% | 32.1% | ||
| Q1 25 | -1.5% | 28.8% | ||
| Q4 24 | -7.8% | 27.8% | ||
| Q3 24 | -9.2% | 26.7% | ||
| Q2 24 | 2.9% | 25.6% | ||
| Q1 24 | -1.0% | 26.1% |
营业利润率EAFRKLB
| Q4 25 | -33.6% | -28.4% | ||
| Q3 25 | -3.6% | -38.0% | ||
| Q2 25 | -11.0% | -41.3% | ||
| Q1 25 | -16.3% | -48.3% | ||
| Q4 24 | -18.6% | -38.9% | ||
| Q3 24 | -20.1% | -49.5% | ||
| Q2 24 | -2.0% | -40.7% | ||
| Q1 24 | -15.6% | -46.4% |
净利率EAFRKLB
| Q4 25 | -55.9% | -29.5% | ||
| Q3 25 | -19.8% | -11.8% | ||
| Q2 25 | -65.9% | -46.0% | ||
| Q1 25 | -35.2% | -49.5% | ||
| Q4 24 | -36.9% | -39.5% | ||
| Q3 24 | -27.6% | -49.6% | ||
| Q2 24 | -10.7% | -39.2% | ||
| Q1 24 | -22.6% | -47.7% |
每股收益（稀释后）EAFRKLB
| Q4 25 | $-6.86 | $-0.09 | ||
| Q3 25 | $-1.10 | $-0.03 | ||
| Q2 25 | $-0.34 | $-0.13 | ||
| Q1 25 | $-0.15 | $-0.12 | ||
| Q4 24 | $-3.51 | $-0.11 | ||
| Q3 24 | $-1.40 | $-0.10 | ||
| Q2 24 | $-0.06 | $-0.08 | ||
| Q1 24 | $-0.12 | $-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 |
| 总债务越低越好 | $1.1B | $152.4M |
| 股东权益账面价值 | $-259.6M | $1.7B |
| 总资产 | $1.0B | $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EAFRKLB
| Q4 25 | — | $1.0B | ||
| Q3 25 | — | $976.7M | ||
| Q2 25 | — | $688.1M | ||
| Q1 25 | — | $428.4M | ||
| Q4 24 | — | $419.0M | ||
| Q3 24 | — | $442.4M | ||
| Q2 24 | $120.7M | $496.8M | ||
| Q1 24 | $165.2M | $492.5M |
总债务EAFRKLB
| Q4 25 | $1.1B | $152.4M | ||
| Q3 25 | $1.1B | $347.0M | ||
| Q2 25 | $1.1B | $346.5M | ||
| Q1 25 | $1.1B | $345.9M | ||
| Q4 24 | $1.1B | $345.4M | ||
| Q3 24 | $929.5M | $61.2M | ||
| Q2 24 | $928.2M | $64.2M | ||
| Q1 24 | $926.9M | $66.8M |
股东权益EAFRKLB
| Q4 25 | $-259.6M | $1.7B | ||
| Q3 25 | $-194.4M | $1.3B | ||
| Q2 25 | $-168.4M | $688.5M | ||
| Q1 25 | $-105.3M | $431.3M | ||
| Q4 24 | $-78.9M | $382.5M | ||
| Q3 24 | $-9.0M | $419.8M | ||
| Q2 24 | $16.2M | $455.2M | ||
| Q1 24 | $37.6M | $478.9M |
总资产EAFRKLB
| Q4 25 | $1.0B | $2.3B | ||
| Q3 25 | $1.1B | $2.2B | ||
| Q2 25 | $1.1B | $1.6B | ||
| Q1 25 | $1.2B | $1.3B | ||
| Q4 24 | $1.2B | $1.2B | ||
| Q3 24 | $1.1B | $1.2B | ||
| Q2 24 | $1.2B | $1.2B | ||
| Q1 24 | $1.2B | $1.2B |
负债/权益比EAFRKLB
| 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 | 57.16× | 0.14× | ||
| Q1 24 | 24.64× | 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 | $-20.9M | $-64.5M |
| 自由现金流经营现金流 - 资本支出 | $-39.3M | $-114.2M |
| 自由现金流率自由现金流/营收 | -33.7% | -63.6% |
| 资本支出强度资本支出/营收 | 15.8% | 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 | $-120.5M | $-321.8M |
8季度趋势，按日历期对齐
经营现金流EAFRKLB
| Q4 25 | $-20.9M | $-64.5M | ||
| Q3 25 | $24.7M | $-23.5M | ||
| Q2 25 | $-53.2M | $-23.2M | ||
| Q1 25 | $-32.2M | $-54.2M | ||
| Q4 24 | $-26.4M | $-2.4M | ||
| Q3 24 | $23.7M | $-30.9M | ||
| Q2 24 | $-36.9M | $-13.0M | ||
| Q1 24 | $-530.0K | $-2.6M |
自由现金流EAFRKLB
| Q4 25 | $-39.3M | $-114.2M | ||
| Q3 25 | $18.4M | $-69.4M | ||
| Q2 25 | $-57.1M | $-55.3M | ||
| Q1 25 | $-42.5M | $-82.9M | ||
| Q4 24 | $-39.2M | $-23.9M | ||
| Q3 24 | $19.7M | $-41.9M | ||
| Q2 24 | $-43.8M | $-28.3M | ||
| Q1 24 | $-11.0M | $-21.8M |
自由现金流率EAFRKLB
| Q4 25 | -33.7% | -63.6% | ||
| Q3 25 | 12.8% | -44.8% | ||
| Q2 25 | -43.3% | -38.3% | ||
| Q1 25 | -38.0% | -67.6% | ||
| Q4 24 | -29.2% | -18.1% | ||
| Q3 24 | 15.1% | -40.0% | ||
| Q2 24 | -31.9% | -26.7% | ||
| Q1 24 | -8.1% | -23.5% |
资本支出强度EAFRKLB
| Q4 25 | 15.8% | 27.6% | ||
| Q3 25 | 4.4% | 29.6% | ||
| Q2 25 | 3.0% | 22.2% | ||
| Q1 25 | 9.2% | 23.4% | ||
| Q4 24 | 9.5% | 16.3% | ||
| Q3 24 | 3.1% | 10.5% | ||
| Q2 24 | 5.1% | 14.4% | ||
| Q1 24 | 7.7% | 20.7% |
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
EAF
| Graphite Electrodes | $107.0M | 92% |
| By Products And Other | $9.4M | 8% |
RKLB
| Products | $94.0M | 52% |
| Transferred Over Time | $87.3M | 49% |
