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Freshworks Inc.（FRSH）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
Freshworks Inc.的季度营收约是Rocket Lab Corp的1.2倍（$222.7M vs $179.7M），Freshworks Inc.净利率更高（86.0% vs -29.5%，领先115.4%），Rocket Lab Corp同比增速更快（35.7% vs 14.5%），Freshworks Inc.自由现金流更多（$60.1M vs $-114.2M），过去两年Rocket Lab Corp的营收复合增速更高（39.2% vs 16.1%）
Freshworks Inc.是2010年成立于印度金奈的云原生SaaS企业，专注为客户提供客户关系管理（CRM）、IT服务管理（ITSM）以及电商营销领域的云端工具，助力企业优化运营流程、提升客户互动效率。
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。
FRSH vs RKLB — 直观对比
营收规模更大
FRSH
是对方的1.2倍
$179.7M
营收增速更快
RKLB
高出21.2%
14.5%
净利率更高
FRSH
高出115.4%
-29.5%
自由现金流更多
FRSH
多$174.3M
$-114.2M
两年增速更快
RKLB
近两年复合增速
16.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $222.7M | $179.7M |
| 净利润 | $191.4M | $-52.9M |
| 毛利率 | 85.6% | 38.0% |
| 营业利润率 | 17.8% | -28.4% |
| 净利率 | 86.0% | -29.5% |
| 营收同比 | 14.5% | 35.7% |
| 净利润同比 | 974.2% | -1.1% |
| 每股收益（稀释后） | $0.66 | $-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FRSHRKLB
| Q4 25 | $222.7M | $179.7M | ||
| Q3 25 | $215.1M | $155.1M | ||
| Q2 25 | $204.7M | $144.5M | ||
| Q1 25 | $196.3M | $122.6M | ||
| Q4 24 | $194.6M | $132.4M | ||
| Q3 24 | $186.6M | $104.8M | ||
| Q2 24 | $174.1M | $106.3M | ||
| Q1 24 | $165.1M | $92.8M |
净利润FRSHRKLB
| Q4 25 | $191.4M | $-52.9M | ||
| Q3 25 | $-4.7M | $-18.3M | ||
| Q2 25 | $-1.7M | $-66.4M | ||
| Q1 25 | $-1.3M | $-60.6M | ||
| Q4 24 | $-21.9M | $-52.3M | ||
| Q3 24 | $-30.0M | $-51.9M | ||
| Q2 24 | $-20.2M | $-41.6M | ||
| Q1 24 | $-23.3M | $-44.3M |
毛利率FRSHRKLB
| Q4 25 | 85.6% | 38.0% | ||
| Q3 25 | 84.7% | 37.0% | ||
| Q2 25 | 84.8% | 32.1% | ||
| Q1 25 | 84.8% | 28.8% | ||
| Q4 24 | 84.9% | 27.8% | ||
| Q3 24 | 84.0% | 26.7% | ||
| Q2 24 | 83.8% | 25.6% | ||
| Q1 24 | 84.3% | 26.1% |
营业利润率FRSHRKLB
| Q4 25 | 17.8% | -28.4% | ||
| Q3 25 | -3.5% | -38.0% | ||
| Q2 25 | -4.2% | -41.3% | ||
| Q1 25 | -5.3% | -48.3% | ||
| Q4 24 | -12.2% | -38.9% | ||
| Q3 24 | -20.8% | -49.5% | ||
| Q2 24 | -25.1% | -40.7% | ||
| Q1 24 | -19.5% | -46.4% |
净利率FRSHRKLB
| Q4 25 | 86.0% | -29.5% | ||
| Q3 25 | -2.2% | -11.8% | ||
| Q2 25 | -0.8% | -46.0% | ||
| Q1 25 | -0.7% | -49.5% | ||
| Q4 24 | -11.3% | -39.5% | ||
| Q3 24 | -16.1% | -49.6% | ||
| Q2 24 | -11.6% | -39.2% | ||
| Q1 24 | -14.1% | -47.7% |
每股收益（稀释后）FRSHRKLB
| Q4 25 | $0.66 | $-0.09 | ||
| Q3 25 | $-0.02 | $-0.03 | ||
| Q2 25 | $-0.01 | $-0.13 | ||
| Q1 25 | $0.00 | $-0.12 | ||
| Q4 24 | $-0.07 | $-0.11 | ||
| Q3 24 | $-0.10 | $-0.10 | ||
| Q2 24 | $-0.07 | $-0.08 | ||
| Q1 24 | $-0.08 | $-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 | $781.4M | $1.0B |
| 总债务越低越好 | — | $152.4M |
| 股东权益账面价值 | $1.0B | $1.7B |
| 总资产 | $1.6B | $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FRSHRKLB
| Q4 25 | $781.4M | $1.0B | ||
| Q3 25 | $813.2M | $976.7M | ||
| Q2 25 | $926.2M | $688.1M | ||
| Q1 25 | $995.3M | $428.4M | ||
| Q4 24 | $1.1B | $419.0M | ||
| Q3 24 | $1.1B | $442.4M | ||
| Q2 24 | $1.0B | $496.8M | ||
| Q1 24 | $1.2B | $492.5M |
总债务FRSHRKLB
| 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FRSHRKLB
| Q4 25 | $1.0B | $1.7B | ||
| Q3 25 | $851.5M | $1.3B | ||
| Q2 25 | $984.6M | $688.5M | ||
| Q1 25 | $1.1B | $431.3M | ||
| Q4 24 | $1.1B | $382.5M | ||
| Q3 24 | $1.1B | $419.8M | ||
| Q2 24 | $1.1B | $455.2M | ||
| Q1 24 | $1.1B | $478.9M |
总资产FRSHRKLB
| Q4 25 | $1.6B | $2.3B | ||
| Q3 25 | $1.4B | $2.2B | ||
| Q2 25 | $1.5B | $1.6B | ||
| Q1 25 | $1.5B | $1.3B | ||
| Q4 24 | $1.6B | $1.2B | ||
| Q3 24 | $1.6B | $1.2B | ||
| Q2 24 | $1.5B | $1.2B | ||
| Q1 24 | $1.5B | $1.2B |
负债/权益比FRSHRKLB
| 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 | $62.3M | $-64.5M |
| 自由现金流经营现金流 - 资本支出 | $60.1M | $-114.2M |
| 自由现金流率自由现金流/营收 | 27.0% | -63.6% |
| 资本支出强度资本支出/营收 | 1.0% | 27.6% |
| 现金转化率经营现金流/净利润 | 0.33× | — |
| 过去12个月自由现金流最近4个季度 | $236.7M | $-321.8M |
8季度趋势，按日历期对齐
经营现金流FRSHRKLB
| Q4 25 | $62.3M | $-64.5M | ||
| Q3 25 | $63.5M | $-23.5M | ||
| Q2 25 | $58.6M | $-23.2M | ||
| Q1 25 | $58.0M | $-54.2M | ||
| Q4 24 | $41.4M | $-2.4M | ||
| Q3 24 | $42.3M | $-30.9M | ||
| Q2 24 | $36.3M | $-13.0M | ||
| Q1 24 | $40.6M | $-2.6M |
自由现金流FRSHRKLB
| Q4 25 | $60.1M | $-114.2M | ||
| Q3 25 | $61.7M | $-69.4M | ||
| Q2 25 | $58.2M | $-55.3M | ||
| Q1 25 | $56.7M | $-82.9M | ||
| Q4 24 | $36.3M | $-23.9M | ||
| Q3 24 | $41.3M | $-41.9M | ||
| Q2 24 | $34.0M | $-28.3M | ||
| Q1 24 | $39.9M | $-21.8M |
自由现金流率FRSHRKLB
| Q4 25 | 27.0% | -63.6% | ||
| Q3 25 | 28.7% | -44.8% | ||
| Q2 25 | 28.4% | -38.3% | ||
| Q1 25 | 28.9% | -67.6% | ||
| Q4 24 | 18.7% | -18.1% | ||
| Q3 24 | 22.1% | -40.0% | ||
| Q2 24 | 19.5% | -26.7% | ||
| Q1 24 | 24.1% | -23.5% |
资本支出强度FRSHRKLB
| Q4 25 | 1.0% | 27.6% | ||
| Q3 25 | 0.8% | 29.6% | ||
| Q2 25 | 0.2% | 22.2% | ||
| Q1 25 | 0.7% | 23.4% | ||
| Q4 24 | 2.6% | 16.3% | ||
| Q3 24 | 0.6% | 10.5% | ||
| Q2 24 | 1.3% | 14.4% | ||
| Q1 24 | 0.4% | 20.7% |
现金转化率FRSHRKLB
| Q4 25 | 0.33× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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
FRSH
| Subscription Services Software Licenses And Maintenance | $220.2M | 99% |
| Professional Services | $2.5M | 1% |
RKLB
| Products | $94.0M | 52% |
| Transferred Over Time | $87.3M | 49% |
