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慧与（EFSC）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
慧与的季度营收约是Rocket Lab Corp的1.0倍（$185.2M vs $179.7M），慧与净利率更高（26.6% vs -29.5%，领先56.1%），过去两年Rocket Lab Corp的营收复合增速更高（39.2% vs 9.0%）
慧与（Hewlett Packard Enterprise，简称HPE）是总部位于美国得克萨斯州斯普林的跨国信息技术企业，面向企业客户提供服务器、存储、网络、容器化软件及咨询支持服务，2018年位列美国《财富》500强第107位。
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。
EFSC vs RKLB — 直观对比
营收规模更大
EFSC
是对方的1.0倍
$179.7M
净利率更高
EFSC
高出56.1%
-29.5%
两年增速更快
RKLB
近两年复合增速
9.0%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $185.2M | $179.7M |
| 净利润 | $49.4M | $-52.9M |
| 毛利率 | — | 38.0% |
| 营业利润率 | — | -28.4% |
| 净利率 | 26.6% | -29.5% |
| 营收同比 | — | 35.7% |
| 净利润同比 | -1.2% | -1.1% |
| 每股收益（稀释后） | $1.30 | $-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EFSCRKLB
| Q1 26 | $185.2M | — | ||
| Q4 25 | $193.6M | $179.7M | ||
| Q3 25 | $206.9M | $155.1M | ||
| Q2 25 | $173.4M | $144.5M | ||
| Q1 25 | $166.0M | $122.6M | ||
| Q4 24 | $167.0M | $132.4M | ||
| Q3 24 | $164.9M | $104.8M | ||
| Q2 24 | $156.0M | $106.3M |
净利润EFSCRKLB
| Q1 26 | $49.4M | — | ||
| Q4 25 | $54.8M | $-52.9M | ||
| Q3 25 | $45.2M | $-18.3M | ||
| Q2 25 | $51.4M | $-66.4M | ||
| Q1 25 | $50.0M | $-60.6M | ||
| Q4 24 | $48.8M | $-52.3M | ||
| Q3 24 | $50.6M | $-51.9M | ||
| Q2 24 | $45.4M | $-41.6M |
毛利率EFSCRKLB
| Q1 26 | — | — | ||
| Q4 25 | — | 38.0% | ||
| Q3 25 | — | 37.0% | ||
| Q2 25 | — | 32.1% | ||
| Q1 25 | — | 28.8% | ||
| Q4 24 | — | 27.8% | ||
| Q3 24 | — | 26.7% | ||
| Q2 24 | — | 25.6% |
营业利润率EFSCRKLB
| Q1 26 | — | — | ||
| Q4 25 | — | -28.4% | ||
| Q3 25 | 42.9% | -38.0% | ||
| Q2 25 | 37.0% | -41.3% | ||
| Q1 25 | 36.8% | -48.3% | ||
| Q4 24 | — | -38.9% | ||
| Q3 24 | 38.1% | -49.5% | ||
| Q2 24 | 36.7% | -40.7% |
净利率EFSCRKLB
| Q1 26 | 26.6% | — | ||
| Q4 25 | 28.3% | -29.5% | ||
| Q3 25 | 21.9% | -11.8% | ||
| Q2 25 | 29.6% | -46.0% | ||
| Q1 25 | 30.1% | -49.5% | ||
| Q4 24 | 29.2% | -39.5% | ||
| Q3 24 | 30.7% | -49.6% | ||
| Q2 24 | 29.1% | -39.2% |
每股收益（稀释后）EFSCRKLB
| Q1 26 | $1.30 | — | ||
| Q4 25 | $1.45 | $-0.09 | ||
| Q3 25 | $1.19 | $-0.03 | ||
| Q2 25 | $1.36 | $-0.13 | ||
| Q1 25 | $1.31 | $-0.12 | ||
| Q4 24 | $1.27 | $-0.11 | ||
| Q3 24 | $1.32 | $-0.10 | ||
| Q2 24 | $1.19 | $-0.08 |
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 | — | $152.4M |
| 股东权益账面价值 | $2.1B | $1.7B |
| 总资产 | $17.3B | $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EFSCRKLB
| Q1 26 | — | — | ||
| 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 | — | $496.8M |
总债务EFSCRKLB
| Q1 26 | — | — | ||
| 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 |
股东权益EFSCRKLB
| Q1 26 | $2.1B | — | ||
| Q4 25 | $2.0B | $1.7B | ||
| Q3 25 | $2.0B | $1.3B | ||
| Q2 25 | $1.9B | $688.5M | ||
| Q1 25 | $1.9B | $431.3M | ||
| Q4 24 | $1.8B | $382.5M | ||
| Q3 24 | $1.8B | $419.8M | ||
| Q2 24 | $1.8B | $455.2M |
总资产EFSCRKLB
| Q1 26 | $17.3B | — | ||
| Q4 25 | $17.3B | $2.3B | ||
| Q3 25 | $16.4B | $2.2B | ||
| Q2 25 | $16.1B | $1.6B | ||
| Q1 25 | $15.7B | $1.3B | ||
| Q4 24 | $15.6B | $1.2B | ||
| Q3 24 | $15.0B | $1.2B | ||
| Q2 24 | $14.6B | $1.2B |
负债/权益比EFSCRKLB
| Q1 26 | — | — | ||
| 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× |
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 | — | $-64.5M |
| 自由现金流经营现金流 - 资本支出 | — | $-114.2M |
| 自由现金流率自由现金流/营收 | — | -63.6% |
| 资本支出强度资本支出/营收 | — | 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 | — | $-321.8M |
8季度趋势，按日历期对齐
经营现金流EFSCRKLB
| Q1 26 | — | — | ||
| Q4 25 | $193.5M | $-64.5M | ||
| Q3 25 | $49.4M | $-23.5M | ||
| Q2 25 | $61.3M | $-23.2M | ||
| Q1 25 | $40.0M | $-54.2M | ||
| Q4 24 | $247.4M | $-2.4M | ||
| Q3 24 | $89.0M | $-30.9M | ||
| Q2 24 | $76.5M | $-13.0M |
自由现金流EFSCRKLB
| Q1 26 | — | — | ||
| Q4 25 | $181.5M | $-114.2M | ||
| Q3 25 | $47.1M | $-69.4M | ||
| Q2 25 | $59.0M | $-55.3M | ||
| Q1 25 | $35.6M | $-82.9M | ||
| Q4 24 | $239.9M | $-23.9M | ||
| Q3 24 | $88.2M | $-41.9M | ||
| Q2 24 | $74.7M | $-28.3M |
自由现金流率EFSCRKLB
| Q1 26 | — | — | ||
| Q4 25 | 93.8% | -63.6% | ||
| Q3 25 | 22.8% | -44.8% | ||
| Q2 25 | 34.0% | -38.3% | ||
| Q1 25 | 21.5% | -67.6% | ||
| Q4 24 | 143.7% | -18.1% | ||
| Q3 24 | 53.5% | -40.0% | ||
| Q2 24 | 47.9% | -26.7% |
资本支出强度EFSCRKLB
| Q1 26 | — | — | ||
| Q4 25 | 6.2% | 27.6% | ||
| Q3 25 | 1.1% | 29.6% | ||
| Q2 25 | 1.3% | 22.2% | ||
| Q1 25 | 2.7% | 23.4% | ||
| Q4 24 | 4.5% | 16.3% | ||
| Q3 24 | 0.5% | 10.5% | ||
| Q2 24 | 1.1% | 14.4% |
现金转化率EFSCRKLB
| Q1 26 | — | — | ||
| Q4 25 | 3.53× | — | ||
| Q3 25 | 1.09× | — | ||
| Q2 25 | 1.19× | — | ||
| Q1 25 | 0.80× | — | ||
| Q4 24 | 5.07× | — | ||
| Q3 24 | 1.76× | — | ||
| Q2 24 | 1.68× | — |
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
EFSC
| Net Interest Income | $166.1M | 90% |
| Noninterest Income | $19.1M | 10% |
RKLB
| Products | $94.0M | 52% |
| Transferred Over Time | $87.3M | 49% |
