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FIGS, Inc.（FIGS）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
FIGS, Inc.的季度营收约是Rocket Lab Corp的1.1倍（$201.9M vs $179.7M），FIGS, Inc.净利率更高（9.2% vs -29.5%，领先38.6%），Rocket Lab Corp同比增速更快（35.7% vs 33.0%），FIGS, Inc.自由现金流更多（$58.1M vs $-114.2M），过去两年Rocket Lab Corp的营收复合增速更高（39.2% vs 30.1%）
FIGS是一家总部位于美国加利福尼亚州圣莫尼卡的服饰企业，由希瑟·哈森与特里娜·斯皮尔于2013年共同创立，二人目前共同担任首席执行官。品牌专注为医疗从业者提供医用刷手服及相关专业产品，是医疗工装领域的知名品牌。
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。
FIGS vs RKLB — 直观对比
营收规模更大
FIGS
是对方的1.1倍
$179.7M
营收增速更快
RKLB
高出2.7%
33.0%
净利率更高
FIGS
高出38.6%
-29.5%
自由现金流更多
FIGS
多$172.3M
$-114.2M
两年增速更快
RKLB
近两年复合增速
30.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $201.9M | $179.7M |
| 净利润 | $18.5M | $-52.9M |
| 毛利率 | 62.9% | 38.0% |
| 营业利润率 | 9.3% | -28.4% |
| 净利率 | 9.2% | -29.5% |
| 营收同比 | 33.0% | 35.7% |
| 净利润同比 | 881.8% | -1.1% |
| 每股收益（稀释后） | $0.10 | $-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FIGSRKLB
| Q4 25 | $201.9M | $179.7M | ||
| Q3 25 | $151.7M | $155.1M | ||
| Q2 25 | $152.6M | $144.5M | ||
| Q1 25 | $124.9M | $122.6M | ||
| Q4 24 | $151.8M | $132.4M | ||
| Q3 24 | $140.2M | $104.8M | ||
| Q2 24 | $144.2M | $106.3M | ||
| Q1 24 | $119.3M | $92.8M |
净利润FIGSRKLB
| Q4 25 | $18.5M | $-52.9M | ||
| Q3 25 | $8.7M | $-18.3M | ||
| Q2 25 | $7.1M | $-66.4M | ||
| Q1 25 | $-102.0K | $-60.6M | ||
| Q4 24 | $1.9M | $-52.3M | ||
| Q3 24 | $-1.7M | $-51.9M | ||
| Q2 24 | $1.1M | $-41.6M | ||
| Q1 24 | $1.4M | $-44.3M |
毛利率FIGSRKLB
| Q4 25 | 62.9% | 38.0% | ||
| Q3 25 | 69.9% | 37.0% | ||
| Q2 25 | 67.0% | 32.1% | ||
| Q1 25 | 67.6% | 28.8% | ||
| Q4 24 | 67.3% | 27.8% | ||
| Q3 24 | 67.1% | 26.7% | ||
| Q2 24 | 67.4% | 25.6% | ||
| Q1 24 | 68.9% | 26.1% |
营业利润率FIGSRKLB
| Q4 25 | 9.3% | -28.4% | ||
| Q3 25 | 6.4% | -38.0% | ||
| Q2 25 | 6.5% | -41.3% | ||
| Q1 25 | -0.2% | -48.3% | ||
| Q4 24 | 5.9% | -38.9% | ||
| Q3 24 | -6.2% | -49.5% | ||
| Q2 24 | 1.1% | -40.7% | ||
| Q1 24 | 0.4% | -46.4% |
净利率FIGSRKLB
| Q4 25 | 9.2% | -29.5% | ||
| Q3 25 | 5.8% | -11.8% | ||
| Q2 25 | 4.7% | -46.0% | ||
| Q1 25 | -0.1% | -49.5% | ||
| Q4 24 | 1.2% | -39.5% | ||
| Q3 24 | -1.2% | -49.6% | ||
| Q2 24 | 0.8% | -39.2% | ||
| Q1 24 | 1.2% | -47.7% |
每股收益（稀释后）FIGSRKLB
| Q4 25 | $0.10 | $-0.09 | ||
| Q3 25 | $0.05 | $-0.03 | ||
| Q2 25 | $0.04 | $-0.13 | ||
| Q1 25 | $0.00 | $-0.12 | ||
| Q4 24 | $0.01 | $-0.11 | ||
| Q3 24 | $-0.01 | $-0.10 | ||
| Q2 24 | $0.01 | $-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 | $82.0M | $1.0B |
| 总债务越低越好 | — | $152.4M |
| 股东权益账面价值 | $437.5M | $1.7B |
| 总资产 | $580.0M | $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FIGSRKLB
| Q4 25 | $82.0M | $1.0B | ||
| Q3 25 | $46.5M | $976.7M | ||
| Q2 25 | $50.8M | $688.1M | ||
| Q1 25 | $90.0M | $428.4M | ||
| Q4 24 | $85.6M | $419.0M | ||
| Q3 24 | $124.1M | $442.4M | ||
| Q2 24 | $131.8M | $496.8M | ||
| Q1 24 | $155.3M | $492.5M |
总债务FIGSRKLB
| 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FIGSRKLB
| Q4 25 | $437.5M | $1.7B | ||
| Q3 25 | $413.3M | $1.3B | ||
| Q2 25 | $396.5M | $688.5M | ||
| Q1 25 | $381.5M | $431.3M | ||
| Q4 24 | $377.1M | $382.5M | ||
| Q3 24 | $403.5M | $419.8M | ||
| Q2 24 | $401.7M | $455.2M | ||
| Q1 24 | $389.9M | $478.9M |
总资产FIGSRKLB
| Q4 25 | $580.0M | $2.3B | ||
| Q3 25 | $544.7M | $2.2B | ||
| Q2 25 | $517.1M | $1.6B | ||
| Q1 25 | $522.3M | $1.3B | ||
| Q4 24 | $509.8M | $1.2B | ||
| Q3 24 | $542.5M | $1.2B | ||
| Q2 24 | $526.0M | $1.2B | ||
| Q1 24 | $510.9M | $1.2B |
负债/权益比FIGSRKLB
| 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 | $60.9M | $-64.5M |
| 自由现金流经营现金流 - 资本支出 | $58.1M | $-114.2M |
| 自由现金流率自由现金流/营收 | 28.8% | -63.6% |
| 资本支出强度资本支出/营收 | 1.4% | 27.6% |
| 现金转化率经营现金流/净利润 | 3.29× | — |
| 过去12个月自由现金流最近4个季度 | $53.0M | $-321.8M |
8季度趋势，按日历期对齐
经营现金流FIGSRKLB
| Q4 25 | $60.9M | $-64.5M | ||
| Q3 25 | $3.4M | $-23.5M | ||
| Q2 25 | $-12.4M | $-23.2M | ||
| Q1 25 | $9.2M | $-54.2M | ||
| Q4 24 | $30.4M | $-2.4M | ||
| Q3 24 | $22.6M | $-30.9M | ||
| Q2 24 | $16.5M | $-13.0M | ||
| Q1 24 | $11.6M | $-2.6M |
自由现金流FIGSRKLB
| Q4 25 | $58.1M | $-114.2M | ||
| Q3 25 | $531.0K | $-69.4M | ||
| Q2 25 | $-13.5M | $-55.3M | ||
| Q1 25 | $7.9M | $-82.9M | ||
| Q4 24 | $27.1M | $-23.9M | ||
| Q3 24 | $18.4M | $-41.9M | ||
| Q2 24 | $7.5M | $-28.3M | ||
| Q1 24 | $11.1M | $-21.8M |
自由现金流率FIGSRKLB
| Q4 25 | 28.8% | -63.6% | ||
| Q3 25 | 0.4% | -44.8% | ||
| Q2 25 | -8.9% | -38.3% | ||
| Q1 25 | 6.3% | -67.6% | ||
| Q4 24 | 17.8% | -18.1% | ||
| Q3 24 | 13.1% | -40.0% | ||
| Q2 24 | 5.2% | -26.7% | ||
| Q1 24 | 9.3% | -23.5% |
资本支出强度FIGSRKLB
| Q4 25 | 1.4% | 27.6% | ||
| Q3 25 | 1.9% | 29.6% | ||
| Q2 25 | 0.7% | 22.2% | ||
| Q1 25 | 1.0% | 23.4% | ||
| Q4 24 | 2.2% | 16.3% | ||
| Q3 24 | 3.0% | 10.5% | ||
| Q2 24 | 6.2% | 14.4% | ||
| Q1 24 | 0.4% | 20.7% |
现金转化率FIGSRKLB
| Q4 25 | 3.29× | — | ||
| Q3 25 | 0.39× | — | ||
| Q2 25 | -1.75× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 16.14× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 15.04× | — | ||
| Q1 24 | 8.10× | — |
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
FIGS
| Scrubwear | $154.9M | 77% |
| Non Scrubwear Lifestyle | $47.0M | 23% |
RKLB
| Products | $94.0M | 52% |
| Transferred Over Time | $87.3M | 49% |
