vs
EPR PROPERTIES（EPR）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
EPR PROPERTIES的季度营收约是Rocket Lab Corp的1.0倍（$182.9M vs $179.7M），EPR PROPERTIES净利率更高（36.6% vs -29.5%，领先66.0%），Rocket Lab Corp同比增速更快（35.7% vs 3.2%），EPR PROPERTIES自由现金流更多（$269.2M vs $-114.2M），过去两年Rocket Lab Corp的营收复合增速更高（39.2% vs 4.6%）
EPR地产（前身为娱乐地产信托）是总部位于美国密苏里州堪萨斯城的房地产投资信托企业，专注投资游乐园、电影院、滑雪度假村等娱乐类地产项目，截至2022年共持有353处物业。
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。
EPR vs RKLB — 直观对比
营收规模更大
EPR
是对方的1.0倍
$179.7M
营收增速更快
RKLB
高出32.5%
3.2%
净利率更高
EPR
高出66.0%
-29.5%
自由现金流更多
EPR
多$383.4M
$-114.2M
两年增速更快
RKLB
近两年复合增速
4.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $182.9M | $179.7M |
| 净利润 | $66.9M | $-52.9M |
| 毛利率 | — | 38.0% |
| 营业利润率 | 56.8% | -28.4% |
| 净利率 | 36.6% | -29.5% |
| 营收同比 | 3.2% | 35.7% |
| 净利润同比 | 897.0% | -1.1% |
| 每股收益（稀释后） | $0.80 | $-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EPRRKLB
| Q4 25 | $182.9M | $179.7M | ||
| Q3 25 | $182.3M | $155.1M | ||
| Q2 25 | $178.1M | $144.5M | ||
| Q1 25 | $175.0M | $122.6M | ||
| Q4 24 | $177.2M | $132.4M | ||
| Q3 24 | $180.5M | $104.8M | ||
| Q2 24 | $173.1M | $106.3M | ||
| Q1 24 | $167.2M | $92.8M |
净利润EPRRKLB
| Q4 25 | $66.9M | $-52.9M | ||
| Q3 25 | $66.6M | $-18.3M | ||
| Q2 25 | $75.6M | $-66.4M | ||
| Q1 25 | $65.8M | $-60.6M | ||
| Q4 24 | $-8.4M | $-52.3M | ||
| Q3 24 | $46.6M | $-51.9M | ||
| Q2 24 | $45.1M | $-41.6M | ||
| Q1 24 | $62.7M | $-44.3M |
毛利率EPRRKLB
| 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% | ||
| Q1 24 | — | 26.1% |
营业利润率EPRRKLB
| Q4 25 | 56.8% | -28.4% | ||
| Q3 25 | 53.5% | -38.0% | ||
| Q2 25 | 62.5% | -41.3% | ||
| Q1 25 | 58.1% | -48.3% | ||
| Q4 24 | 25.5% | -38.9% | ||
| Q3 24 | 51.4% | -49.5% | ||
| Q2 24 | 45.9% | -40.7% | ||
| Q1 24 | 58.8% | -46.4% |
净利率EPRRKLB
| Q4 25 | 36.6% | -29.5% | ||
| Q3 25 | 36.5% | -11.8% | ||
| Q2 25 | 42.5% | -46.0% | ||
| Q1 25 | 37.6% | -49.5% | ||
| Q4 24 | -4.7% | -39.5% | ||
| Q3 24 | 25.8% | -49.6% | ||
| Q2 24 | 26.1% | -39.2% | ||
| Q1 24 | 37.5% | -47.7% |
每股收益（稀释后）EPRRKLB
| Q4 25 | $0.80 | $-0.09 | ||
| Q3 25 | $0.79 | $-0.03 | ||
| Q2 25 | $0.91 | $-0.13 | ||
| Q1 25 | $0.78 | $-0.12 | ||
| Q4 24 | $-0.19 | $-0.11 | ||
| Q3 24 | $0.53 | $-0.10 | ||
| Q2 24 | $0.51 | $-0.08 | ||
| Q1 24 | $0.75 | $-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 | $90.6M | $1.0B |
| 总债务越低越好 | $2.9B | $152.4M |
| 股东权益账面价值 | $2.3B | $1.7B |
| 总资产 | $5.7B | $2.3B |
| 负债/权益比越低杠杆越低 | 1.26× | 0.09× |
8季度趋势，按日历期对齐
现金及短期投资EPRRKLB
| Q4 25 | $90.6M | $1.0B | ||
| Q3 25 | $13.7M | $976.7M | ||
| Q2 25 | $13.0M | $688.1M | ||
| Q1 25 | $20.6M | $428.4M | ||
| Q4 24 | $22.1M | $419.0M | ||
| Q3 24 | $35.3M | $442.4M | ||
| Q2 24 | $33.7M | $496.8M | ||
| Q1 24 | $59.5M | $492.5M |
总债务EPRRKLB
| Q4 25 | $2.9B | $152.4M | ||
| Q3 25 | $2.8B | $347.0M | ||
| Q2 25 | $2.8B | $346.5M | ||
| Q1 25 | $2.8B | $345.9M | ||
| Q4 24 | $2.9B | $345.4M | ||
| Q3 24 | $2.9B | $61.2M | ||
| Q2 24 | $2.8B | $64.2M | ||
| Q1 24 | $2.8B | $66.8M |
股东权益EPRRKLB
| Q4 25 | $2.3B | $1.7B | ||
| Q3 25 | $2.3B | $1.3B | ||
| Q2 25 | $2.3B | $688.5M | ||
| Q1 25 | $2.3B | $431.3M | ||
| Q4 24 | $2.3B | $382.5M | ||
| Q3 24 | $2.4B | $419.8M | ||
| Q2 24 | $2.4B | $455.2M | ||
| Q1 24 | $2.4B | $478.9M |
总资产EPRRKLB
| Q4 25 | $5.7B | $2.3B | ||
| Q3 25 | $5.5B | $2.2B | ||
| Q2 25 | $5.6B | $1.6B | ||
| Q1 25 | $5.5B | $1.3B | ||
| Q4 24 | $5.6B | $1.2B | ||
| Q3 24 | $5.7B | $1.2B | ||
| Q2 24 | $5.6B | $1.2B | ||
| Q1 24 | $5.7B | $1.2B |
负债/权益比EPRRKLB
| Q4 25 | 1.26× | 0.09× | ||
| Q3 25 | 1.19× | 0.27× | ||
| Q2 25 | 1.20× | 0.50× | ||
| Q1 25 | 1.20× | 0.80× | ||
| Q4 24 | 1.23× | 0.90× | ||
| Q3 24 | 1.19× | 0.15× | ||
| Q2 24 | 1.16× | 0.14× | ||
| Q1 24 | 1.15× | 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 | $421.0M | $-64.5M |
| 自由现金流经营现金流 - 资本支出 | $269.2M | $-114.2M |
| 自由现金流率自由现金流/营收 | 147.1% | -63.6% |
| 资本支出强度资本支出/营收 | 82.9% | 27.6% |
| 现金转化率经营现金流/净利润 | 6.29× | — |
| 过去12个月自由现金流最近4个季度 | $568.5M | $-321.8M |
8季度趋势，按日历期对齐
经营现金流EPRRKLB
| Q4 25 | $421.0M | $-64.5M | ||
| Q3 25 | $136.5M | $-23.5M | ||
| Q2 25 | $87.3M | $-23.2M | ||
| Q1 25 | $99.4M | $-54.2M | ||
| Q4 24 | $393.1M | $-2.4M | ||
| Q3 24 | $122.0M | $-30.9M | ||
| Q2 24 | $78.7M | $-13.0M | ||
| Q1 24 | $99.5M | $-2.6M |
自由现金流EPRRKLB
| Q4 25 | $269.2M | $-114.2M | ||
| Q3 25 | $132.1M | $-69.4M | ||
| Q2 25 | $82.4M | $-55.3M | ||
| Q1 25 | $84.7M | $-82.9M | ||
| Q4 24 | $129.2M | $-23.9M | ||
| Q3 24 | $121.5M | $-41.9M | ||
| Q2 24 | $71.3M | $-28.3M | ||
| Q1 24 | $65.0M | $-21.8M |
自由现金流率EPRRKLB
| Q4 25 | 147.1% | -63.6% | ||
| Q3 25 | 72.5% | -44.8% | ||
| Q2 25 | 46.3% | -38.3% | ||
| Q1 25 | 48.4% | -67.6% | ||
| Q4 24 | 72.9% | -18.1% | ||
| Q3 24 | 67.3% | -40.0% | ||
| Q2 24 | 41.2% | -26.7% | ||
| Q1 24 | 38.9% | -23.5% |
资本支出强度EPRRKLB
| Q4 25 | 82.9% | 27.6% | ||
| Q3 25 | 2.4% | 29.6% | ||
| Q2 25 | 2.7% | 22.2% | ||
| Q1 25 | 8.4% | 23.4% | ||
| Q4 24 | 148.9% | 16.3% | ||
| Q3 24 | 0.3% | 10.5% | ||
| Q2 24 | 4.2% | 14.4% | ||
| Q1 24 | 20.6% | 20.7% |
现金转化率EPRRKLB
| Q4 25 | 6.29× | — | ||
| Q3 25 | 2.05× | — | ||
| Q2 25 | 1.15× | — | ||
| Q1 25 | 1.51× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.62× | — | ||
| Q2 24 | 1.74× | — | ||
| Q1 24 | 1.59× | — |
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
EPR
| Experiential Reportable Operating Segment | $173.3M | 95% |
| Education Reportable Operating Segment | $9.5M | 5% |
RKLB
| Products | $94.0M | 52% |
| Transferred Over Time | $87.3M | 49% |
