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Ecovyst Inc.（ECVT）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
Ecovyst Inc.的季度营收约是Rocket Lab Corp的1.1倍（$199.4M vs $179.7M），Rocket Lab Corp同比增速更快（35.7% vs 34.0%），Ecovyst Inc.自由现金流更多（$22.9M vs $-114.2M），过去两年Rocket Lab Corp的营收复合增速更高（39.2% vs 18.7%）
Ecovyst Inc.是一家全球可持续特种材料供应商，主营高性能催化剂与功能性添加剂的研发、生产，产品服务覆盖工业制造、消费品、环保等核心领域，助力全球客户提升运营效率、降低碳排放。
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。
ECVT vs RKLB — 直观对比
营收规模更大
ECVT
是对方的1.1倍
$179.7M
营收增速更快
RKLB
高出1.7%
34.0%
自由现金流更多
ECVT
多$137.1M
$-114.2M
两年增速更快
RKLB
近两年复合增速
18.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $199.4M | $179.7M |
| 净利润 | — | $-52.9M |
| 毛利率 | 23.4% | 38.0% |
| 营业利润率 | 10.9% | -28.4% |
| 净利率 | — | -29.5% |
| 营收同比 | 34.0% | 35.7% |
| 净利润同比 | — | -1.1% |
| 每股收益（稀释后） | $0.06 | $-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ECVTRKLB
| Q4 25 | $199.4M | $179.7M | ||
| Q3 25 | $204.9M | $155.1M | ||
| Q2 25 | $176.1M | $144.5M | ||
| Q1 25 | $143.1M | $122.6M | ||
| Q4 24 | $148.9M | $132.4M | ||
| Q3 24 | $153.9M | $104.8M | ||
| Q2 24 | $154.0M | $106.3M | ||
| Q1 24 | $141.6M | $92.8M |
净利润ECVTRKLB
| Q4 25 | — | $-52.9M | ||
| Q3 25 | $-79.3M | $-18.3M | ||
| Q2 25 | $6.0M | $-66.4M | ||
| Q1 25 | $-3.6M | $-60.6M | ||
| Q4 24 | — | $-52.3M | ||
| Q3 24 | $14.3M | $-51.9M | ||
| Q2 24 | $8.3M | $-41.6M | ||
| Q1 24 | $1.2M | $-44.3M |
毛利率ECVTRKLB
| Q4 25 | 23.4% | 38.0% | ||
| Q3 25 | 25.4% | 37.0% | ||
| Q2 25 | 22.8% | 32.1% | ||
| Q1 25 | 13.3% | 28.8% | ||
| Q4 24 | 28.9% | 27.8% | ||
| Q3 24 | 29.3% | 26.7% | ||
| Q2 24 | 27.3% | 25.6% | ||
| Q1 24 | 23.5% | 26.1% |
营业利润率ECVTRKLB
| Q4 25 | 10.9% | -28.4% | ||
| Q3 25 | 13.8% | -38.0% | ||
| Q2 25 | 9.0% | -41.3% | ||
| Q1 25 | -0.7% | -48.3% | ||
| Q4 24 | 15.1% | -38.9% | ||
| Q3 24 | 17.9% | -49.5% | ||
| Q2 24 | 14.1% | -40.7% | ||
| Q1 24 | 9.5% | -46.4% |
净利率ECVTRKLB
| Q4 25 | — | -29.5% | ||
| Q3 25 | -38.7% | -11.8% | ||
| Q2 25 | 3.4% | -46.0% | ||
| Q1 25 | -2.5% | -49.5% | ||
| Q4 24 | — | -39.5% | ||
| Q3 24 | 9.3% | -49.6% | ||
| Q2 24 | 5.4% | -39.2% | ||
| Q1 24 | 0.9% | -47.7% |
每股收益（稀释后）ECVTRKLB
| Q4 25 | $0.06 | $-0.09 | ||
| Q3 25 | $-0.69 | $-0.03 | ||
| Q2 25 | $0.05 | $-0.13 | ||
| Q1 25 | $-0.03 | $-0.12 | ||
| Q4 24 | $-0.26 | $-0.11 | ||
| Q3 24 | $0.12 | $-0.10 | ||
| Q2 24 | $0.07 | $-0.08 | ||
| Q1 24 | $0.01 | $-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 | $197.2M | $1.0B |
| 总债务越低越好 | $392.6M | $152.4M |
| 股东权益账面价值 | $603.4M | $1.7B |
| 总资产 | $1.3B | $2.3B |
| 负债/权益比越低杠杆越低 | 0.65× | 0.09× |
8季度趋势，按日历期对齐
现金及短期投资ECVTRKLB
| Q4 25 | $197.2M | $1.0B | ||
| Q3 25 | $82.0M | $976.7M | ||
| Q2 25 | $69.6M | $688.1M | ||
| Q1 25 | $127.5M | $428.4M | ||
| Q4 24 | $131.4M | $419.0M | ||
| Q3 24 | $123.5M | $442.4M | ||
| Q2 24 | $83.3M | $496.8M | ||
| Q1 24 | $103.1M | $492.5M |
总债务ECVTRKLB
| Q4 25 | $392.6M | $152.4M | ||
| Q3 25 | $854.8M | $347.0M | ||
| Q2 25 | $856.6M | $346.5M | ||
| Q1 25 | $859.0M | $345.9M | ||
| Q4 24 | $860.8M | $345.4M | ||
| Q3 24 | $862.7M | $61.2M | ||
| Q2 24 | $862.4M | $64.2M | ||
| Q1 24 | $866.2M | $66.8M |
股东权益ECVTRKLB
| Q4 25 | $603.4M | $1.7B | ||
| Q3 25 | $607.9M | $1.3B | ||
| Q2 25 | $692.4M | $688.5M | ||
| Q1 25 | $698.7M | $431.3M | ||
| Q4 24 | $700.5M | $382.5M | ||
| Q3 24 | $729.4M | $419.8M | ||
| Q2 24 | $717.3M | $455.2M | ||
| Q1 24 | $711.4M | $478.9M |
总资产ECVTRKLB
| Q4 25 | $1.3B | $2.3B | ||
| Q3 25 | $1.7B | $2.2B | ||
| Q2 25 | $1.8B | $1.6B | ||
| Q1 25 | $1.8B | $1.3B | ||
| Q4 24 | $1.8B | $1.2B | ||
| Q3 24 | $1.8B | $1.2B | ||
| Q2 24 | $1.8B | $1.2B | ||
| Q1 24 | $1.8B | $1.2B |
负债/权益比ECVTRKLB
| Q4 25 | 0.65× | 0.09× | ||
| Q3 25 | 1.41× | 0.27× | ||
| Q2 25 | 1.24× | 0.50× | ||
| Q1 25 | 1.23× | 0.80× | ||
| Q4 24 | 1.23× | 0.90× | ||
| Q3 24 | 1.18× | 0.15× | ||
| Q2 24 | 1.20× | 0.14× | ||
| Q1 24 | 1.22× | 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 | $41.8M | $-64.5M |
| 自由现金流经营现金流 - 资本支出 | $22.9M | $-114.2M |
| 自由现金流率自由现金流/营收 | 11.5% | -63.6% |
| 资本支出强度资本支出/营收 | 9.4% | 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 | $69.9M | $-321.8M |
8季度趋势，按日历期对齐
经营现金流ECVTRKLB
| Q4 25 | $41.8M | $-64.5M | ||
| Q3 25 | $55.3M | $-23.5M | ||
| Q2 25 | $33.0M | $-23.2M | ||
| Q1 25 | $10.3M | $-54.2M | ||
| Q4 24 | $43.5M | $-2.4M | ||
| Q3 24 | $59.9M | $-30.9M | ||
| Q2 24 | $10.0M | $-13.0M | ||
| Q1 24 | $36.5M | $-2.6M |
自由现金流ECVTRKLB
| Q4 25 | $22.9M | $-114.2M | ||
| Q3 25 | $53.2M | $-69.4M | ||
| Q2 25 | $7.8M | $-55.3M | ||
| Q1 25 | $-14.0M | $-82.9M | ||
| Q4 24 | $30.9M | $-23.9M | ||
| Q3 24 | $53.6M | $-41.9M | ||
| Q2 24 | $-9.3M | $-28.3M | ||
| Q1 24 | $19.1M | $-21.8M |
自由现金流率ECVTRKLB
| Q4 25 | 11.5% | -63.6% | ||
| Q3 25 | 26.0% | -44.8% | ||
| Q2 25 | 4.4% | -38.3% | ||
| Q1 25 | -9.8% | -67.6% | ||
| Q4 24 | 20.7% | -18.1% | ||
| Q3 24 | 34.9% | -40.0% | ||
| Q2 24 | -6.1% | -26.7% | ||
| Q1 24 | 13.5% | -23.5% |
资本支出强度ECVTRKLB
| Q4 25 | 9.4% | 27.6% | ||
| Q3 25 | 1.0% | 29.6% | ||
| Q2 25 | 14.4% | 22.2% | ||
| Q1 25 | 16.9% | 23.4% | ||
| Q4 24 | 8.5% | 16.3% | ||
| Q3 24 | 4.1% | 10.5% | ||
| Q2 24 | 12.5% | 14.4% | ||
| Q1 24 | 12.3% | 20.7% |
现金转化率ECVTRKLB
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 5.52× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 4.21× | — | ||
| Q2 24 | 1.20× | — | ||
| Q1 24 | 29.90× | — |
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
ECVT
| Industrial Mining Automotive | $101.3M | 51% |
| Regeneration And Treatment Services | $90.0M | 45% |
| Other | $8.1M | 4% |
RKLB
| Products | $94.0M | 52% |
| Transferred Over Time | $87.3M | 49% |
