vs
FORMFACTOR INC（FORM）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
FORMFACTOR INC的季度营收约是Rocket Lab Corp的1.3倍（$226.1M vs $179.7M），FORMFACTOR INC净利率更高（9.0% vs -29.5%，领先38.5%），Rocket Lab Corp同比增速更快（35.7% vs 32.0%），FORMFACTOR INC自由现金流更多（$30.7M vs $-114.2M），过去两年Rocket Lab Corp的营收复合增速更高（39.2% vs 7.0%）
FormFactor Inc.总部位于美国加利福尼亚州利弗莫尔，是集成电路测试测量技术领域的知名供应商，面向半导体行业客户提供各类专业产品，助力客户优化器件性能，提升芯片研发与生产环节的测试效率。
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。
FORM vs RKLB — 直观对比
营收规模更大
FORM
是对方的1.3倍
$179.7M
营收增速更快
RKLB
高出3.7%
32.0%
净利率更高
FORM
高出38.5%
-29.5%
自由现金流更多
FORM
多$144.9M
$-114.2M
两年增速更快
RKLB
近两年复合增速
7.0%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $226.1M | $179.7M |
| 净利润 | $20.4M | $-52.9M |
| 毛利率 | 38.4% | 38.0% |
| 营业利润率 | 7.4% | -28.4% |
| 净利率 | 9.0% | -29.5% |
| 营收同比 | 32.0% | 35.7% |
| 净利润同比 | 218.5% | -1.1% |
| 每股收益（稀释后） | $0.26 | $-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FORMRKLB
| Q1 26 | $226.1M | — | ||
| Q4 25 | $215.2M | $179.7M | ||
| Q3 25 | $202.7M | $155.1M | ||
| Q2 25 | $195.8M | $144.5M | ||
| Q1 25 | $171.4M | $122.6M | ||
| Q4 24 | $189.5M | $132.4M | ||
| Q3 24 | $207.9M | $104.8M | ||
| Q2 24 | $197.5M | $106.3M |
净利润FORMRKLB
| Q1 26 | $20.4M | — | ||
| Q4 25 | $23.2M | $-52.9M | ||
| Q3 25 | $15.7M | $-18.3M | ||
| Q2 25 | $9.1M | $-66.4M | ||
| Q1 25 | $6.4M | $-60.6M | ||
| Q4 24 | $9.7M | $-52.3M | ||
| Q3 24 | $18.7M | $-51.9M | ||
| Q2 24 | $19.4M | $-41.6M |
毛利率FORMRKLB
| Q1 26 | 38.4% | — | ||
| Q4 25 | 42.2% | 38.0% | ||
| Q3 25 | 39.8% | 37.0% | ||
| Q2 25 | 37.3% | 32.1% | ||
| Q1 25 | 37.7% | 28.8% | ||
| Q4 24 | 38.8% | 27.8% | ||
| Q3 24 | 40.7% | 26.7% | ||
| Q2 24 | 44.0% | 25.6% |
营业利润率FORMRKLB
| Q1 26 | 7.4% | — | ||
| Q4 25 | 10.9% | -28.4% | ||
| Q3 25 | 8.9% | -38.0% | ||
| Q2 25 | 6.3% | -41.3% | ||
| Q1 25 | 1.9% | -48.3% | ||
| Q4 24 | 4.1% | -38.9% | ||
| Q3 24 | 8.6% | -49.5% | ||
| Q2 24 | 9.0% | -40.7% |
净利率FORMRKLB
| Q1 26 | 9.0% | — | ||
| Q4 25 | 10.8% | -29.5% | ||
| Q3 25 | 7.7% | -11.8% | ||
| Q2 25 | 4.6% | -46.0% | ||
| Q1 25 | 3.7% | -49.5% | ||
| Q4 24 | 5.1% | -39.5% | ||
| Q3 24 | 9.0% | -49.6% | ||
| Q2 24 | 9.8% | -39.2% |
每股收益（稀释后）FORMRKLB
| Q1 26 | $0.26 | — | ||
| Q4 25 | $0.29 | $-0.09 | ||
| Q3 25 | $0.20 | $-0.03 | ||
| Q2 25 | $0.12 | $-0.13 | ||
| Q1 25 | $0.08 | $-0.12 | ||
| Q4 24 | $0.12 | $-0.11 | ||
| Q3 24 | $0.24 | $-0.10 | ||
| Q2 24 | $0.25 | $-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 | $123.5M | $1.0B |
| 总债务越低越好 | — | $152.4M |
| 股东权益账面价值 | $1.1B | $1.7B |
| 总资产 | $1.3B | $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FORMRKLB
| Q1 26 | $123.5M | — | ||
| Q4 25 | $103.3M | $1.0B | ||
| Q3 25 | $266.0M | $976.7M | ||
| Q2 25 | $249.3M | $688.1M | ||
| Q1 25 | $299.0M | $428.4M | ||
| Q4 24 | $360.0M | $419.0M | ||
| Q3 24 | $354.5M | $442.4M | ||
| Q2 24 | $357.6M | $496.8M |
总债务FORMRKLB
| Q1 26 | — | — | ||
| Q4 25 | $12.2M | $152.4M | ||
| Q3 25 | — | $347.0M | ||
| Q2 25 | — | $346.5M | ||
| Q1 25 | — | $345.9M | ||
| Q4 24 | $13.3M | $345.4M | ||
| Q3 24 | — | $61.2M | ||
| Q2 24 | — | $64.2M |
股东权益FORMRKLB
| Q1 26 | $1.1B | — | ||
| Q4 25 | $1.0B | $1.7B | ||
| Q3 25 | $1.0B | $1.3B | ||
| Q2 25 | $990.0M | $688.5M | ||
| Q1 25 | $965.9M | $431.3M | ||
| Q4 24 | $947.8M | $382.5M | ||
| Q3 24 | $955.0M | $419.8M | ||
| Q2 24 | $947.9M | $455.2M |
总资产FORMRKLB
| Q1 26 | $1.3B | — | ||
| Q4 25 | $1.2B | $2.3B | ||
| Q3 25 | $1.2B | $2.2B | ||
| Q2 25 | $1.2B | $1.6B | ||
| Q1 25 | $1.2B | $1.3B | ||
| Q4 24 | $1.1B | $1.2B | ||
| Q3 24 | $1.2B | $1.2B | ||
| Q2 24 | $1.2B | $1.2B |
负债/权益比FORMRKLB
| Q1 26 | — | — | ||
| Q4 25 | 0.01× | 0.09× | ||
| Q3 25 | — | 0.27× | ||
| Q2 25 | — | 0.50× | ||
| Q1 25 | — | 0.80× | ||
| Q4 24 | 0.01× | 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 | $45.0M | $-64.5M |
| 自由现金流经营现金流 - 资本支出 | $30.7M | $-114.2M |
| 自由现金流率自由现金流/营收 | 13.6% | -63.6% |
| 资本支出强度资本支出/营收 | 6.7% | 27.6% |
| 现金转化率经营现金流/净利润 | 2.21× | — |
| 过去12个月自由现金流最近4个季度 | $37.5M | $-321.8M |
8季度趋势，按日历期对齐
经营现金流FORMRKLB
| Q1 26 | $45.0M | — | ||
| Q4 25 | $46.0M | $-64.5M | ||
| Q3 25 | $27.0M | $-23.5M | ||
| Q2 25 | $18.9M | $-23.2M | ||
| Q1 25 | $23.5M | $-54.2M | ||
| Q4 24 | $35.9M | $-2.4M | ||
| Q3 24 | $26.7M | $-30.9M | ||
| Q2 24 | $21.9M | $-13.0M |
自由现金流FORMRKLB
| Q1 26 | $30.7M | — | ||
| Q4 25 | $34.7M | $-114.2M | ||
| Q3 25 | $19.5M | $-69.4M | ||
| Q2 25 | $-47.4M | $-55.3M | ||
| Q1 25 | $5.0M | $-82.9M | ||
| Q4 24 | $28.3M | $-23.9M | ||
| Q3 24 | $17.8M | $-41.9M | ||
| Q2 24 | $13.5M | $-28.3M |
自由现金流率FORMRKLB
| Q1 26 | 13.6% | — | ||
| Q4 25 | 16.1% | -63.6% | ||
| Q3 25 | 9.6% | -44.8% | ||
| Q2 25 | -24.2% | -38.3% | ||
| Q1 25 | 2.9% | -67.6% | ||
| Q4 24 | 14.9% | -18.1% | ||
| Q3 24 | 8.6% | -40.0% | ||
| Q2 24 | 6.8% | -26.7% |
资本支出强度FORMRKLB
| Q1 26 | 6.7% | — | ||
| Q4 25 | 5.3% | 27.6% | ||
| Q3 25 | 3.7% | 29.6% | ||
| Q2 25 | 33.8% | 22.2% | ||
| Q1 25 | 10.8% | 23.4% | ||
| Q4 24 | 4.0% | 16.3% | ||
| Q3 24 | 4.3% | 10.5% | ||
| Q2 24 | 4.3% | 14.4% |
现金转化率FORMRKLB
| Q1 26 | 2.21× | — | ||
| Q4 25 | 1.98× | — | ||
| Q3 25 | 1.72× | — | ||
| Q2 25 | 2.08× | — | ||
| Q1 25 | 3.68× | — | ||
| Q4 24 | 3.70× | — | ||
| Q3 24 | 1.43× | — | ||
| Q2 24 | 1.13× | — |
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
FORM
暂无分部数据
RKLB
| Products | $94.0M | 52% |
| Transferred Over Time | $87.3M | 49% |
