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Fastly, Inc.（FSLY）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
Rocket Lab Corp的季度营收约是Fastly, Inc.的1.0倍（$179.7M vs $172.6M），Fastly, Inc.净利率更高（-9.0% vs -29.5%，领先20.5%），Rocket Lab Corp同比增速更快（35.7% vs 22.8%），Fastly, Inc.自由现金流更多（$12.2M vs $-114.2M），过去两年Rocket Lab Corp的营收复合增速更高（39.2% vs 13.7%）
Fastly是总部位于美国旧金山的云计算服务商，主营内容分发网络（CDN）、图片优化、负载均衡服务，同时提供DDoS攻击防护、机器人流量治理、Web应用防火墙等云安全解决方案，助力企业提升网络访问效率与安全防护能力。
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。
FSLY vs RKLB — 直观对比
营收规模更大
RKLB
是对方的1.0倍
$172.6M
营收增速更快
RKLB
高出12.9%
22.8%
净利率更高
FSLY
高出20.5%
-29.5%
自由现金流更多
FSLY
多$126.4M
$-114.2M
两年增速更快
RKLB
近两年复合增速
13.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $172.6M | $179.7M |
| 净利润 | $-15.5M | $-52.9M |
| 毛利率 | 61.4% | 38.0% |
| 营业利润率 | -8.7% | -28.4% |
| 净利率 | -9.0% | -29.5% |
| 营收同比 | 22.8% | 35.7% |
| 净利润同比 | 52.9% | -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FSLYRKLB
| Q4 25 | $172.6M | $179.7M | ||
| Q3 25 | $158.2M | $155.1M | ||
| Q2 25 | $148.7M | $144.5M | ||
| Q1 25 | $144.5M | $122.6M | ||
| Q4 24 | $140.6M | $132.4M | ||
| Q3 24 | $137.2M | $104.8M | ||
| Q2 24 | $132.4M | $106.3M | ||
| Q1 24 | $133.5M | $92.8M |
净利润FSLYRKLB
| Q4 25 | $-15.5M | $-52.9M | ||
| Q3 25 | $-29.5M | $-18.3M | ||
| Q2 25 | $-37.5M | $-66.4M | ||
| Q1 25 | $-39.1M | $-60.6M | ||
| Q4 24 | $-32.9M | $-52.3M | ||
| Q3 24 | $-38.0M | $-51.9M | ||
| Q2 24 | $-43.7M | $-41.6M | ||
| Q1 24 | $-43.4M | $-44.3M |
毛利率FSLYRKLB
| Q4 25 | 61.4% | 38.0% | ||
| Q3 25 | 58.4% | 37.0% | ||
| Q2 25 | 54.5% | 32.1% | ||
| Q1 25 | 53.2% | 28.8% | ||
| Q4 24 | 53.4% | 27.8% | ||
| Q3 24 | 54.5% | 26.7% | ||
| Q2 24 | 55.1% | 25.6% | ||
| Q1 24 | 54.8% | 26.1% |
营业利润率FSLYRKLB
| Q4 25 | -8.7% | -28.4% | ||
| Q3 25 | -18.2% | -38.0% | ||
| Q2 25 | -24.8% | -41.3% | ||
| Q1 25 | -26.4% | -48.3% | ||
| Q4 24 | -24.4% | -38.9% | ||
| Q3 24 | -29.6% | -49.5% | ||
| Q2 24 | -35.3% | -40.7% | ||
| Q1 24 | -34.6% | -46.4% |
净利率FSLYRKLB
| Q4 25 | -9.0% | -29.5% | ||
| Q3 25 | -18.6% | -11.8% | ||
| Q2 25 | -25.2% | -46.0% | ||
| Q1 25 | -27.1% | -49.5% | ||
| Q4 24 | -23.4% | -39.5% | ||
| Q3 24 | -27.7% | -49.6% | ||
| Q2 24 | -33.0% | -39.2% | ||
| Q1 24 | -32.5% | -47.7% |
每股收益（稀释后）FSLYRKLB
| Q4 25 | $-0.10 | $-0.09 | ||
| Q3 25 | $-0.20 | $-0.03 | ||
| Q2 25 | $-0.26 | $-0.13 | ||
| Q1 25 | $-0.27 | $-0.12 | ||
| Q4 24 | $-0.23 | $-0.11 | ||
| Q3 24 | $-0.27 | $-0.10 | ||
| Q2 24 | $-0.32 | $-0.08 | ||
| Q1 24 | $-0.32 | $-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 | $361.8M | $1.0B |
| 总债务越低越好 | — | $152.4M |
| 股东权益账面价值 | $929.6M | $1.7B |
| 总资产 | $1.5B | $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FSLYRKLB
| Q4 25 | $361.8M | $1.0B | ||
| Q3 25 | $342.9M | $976.7M | ||
| Q2 25 | $321.2M | $688.1M | ||
| Q1 25 | $307.3M | $428.4M | ||
| Q4 24 | $295.9M | $419.0M | ||
| Q3 24 | $308.2M | $442.4M | ||
| Q2 24 | $311.8M | $496.8M | ||
| Q1 24 | $329.5M | $492.5M |
总债务FSLYRKLB
| 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FSLYRKLB
| Q4 25 | $929.6M | $1.7B | ||
| Q3 25 | $937.0M | $1.3B | ||
| Q2 25 | $942.6M | $688.5M | ||
| Q1 25 | $957.0M | $431.3M | ||
| Q4 24 | $965.3M | $382.5M | ||
| Q3 24 | $969.5M | $419.8M | ||
| Q2 24 | $981.2M | $455.2M | ||
| Q1 24 | $991.8M | $478.9M |
总资产FSLYRKLB
| Q4 25 | $1.5B | $2.3B | ||
| Q3 25 | $1.5B | $2.2B | ||
| Q2 25 | $1.5B | $1.6B | ||
| Q1 25 | $1.4B | $1.3B | ||
| Q4 24 | $1.5B | $1.2B | ||
| Q3 24 | $1.5B | $1.2B | ||
| Q2 24 | $1.5B | $1.2B | ||
| Q1 24 | $1.5B | $1.2B |
负债/权益比FSLYRKLB
| 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 | $22.4M | $-64.5M |
| 自由现金流经营现金流 - 资本支出 | $12.2M | $-114.2M |
| 自由现金流率自由现金流/营收 | 7.1% | -63.6% |
| 资本支出强度资本支出/营收 | 5.9% | 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 | $65.8M | $-321.8M |
8季度趋势，按日历期对齐
经营现金流FSLYRKLB
| Q4 25 | $22.4M | $-64.5M | ||
| Q3 25 | $28.9M | $-23.5M | ||
| Q2 25 | $25.8M | $-23.2M | ||
| Q1 25 | $17.3M | $-54.2M | ||
| Q4 24 | $5.2M | $-2.4M | ||
| Q3 24 | $5.0M | $-30.9M | ||
| Q2 24 | $-4.9M | $-13.0M | ||
| Q1 24 | $11.1M | $-2.6M |
自由现金流FSLYRKLB
| Q4 25 | $12.2M | $-114.2M | ||
| Q3 25 | $22.9M | $-69.4M | ||
| Q2 25 | $15.9M | $-55.3M | ||
| Q1 25 | $14.7M | $-82.9M | ||
| Q4 24 | $251.0K | $-23.9M | ||
| Q3 24 | $3.0M | $-41.9M | ||
| Q2 24 | $-6.7M | $-28.3M | ||
| Q1 24 | $9.5M | $-21.8M |
自由现金流率FSLYRKLB
| Q4 25 | 7.1% | -63.6% | ||
| Q3 25 | 14.5% | -44.8% | ||
| Q2 25 | 10.7% | -38.3% | ||
| Q1 25 | 10.2% | -67.6% | ||
| Q4 24 | 0.2% | -18.1% | ||
| Q3 24 | 2.2% | -40.0% | ||
| Q2 24 | -5.1% | -26.7% | ||
| Q1 24 | 7.1% | -23.5% |
资本支出强度FSLYRKLB
| Q4 25 | 5.9% | 27.6% | ||
| Q3 25 | 3.8% | 29.6% | ||
| Q2 25 | 6.6% | 22.2% | ||
| Q1 25 | 1.8% | 23.4% | ||
| Q4 24 | 3.5% | 16.3% | ||
| Q3 24 | 1.5% | 10.5% | ||
| Q2 24 | 1.3% | 14.4% | ||
| Q1 24 | 1.2% | 20.7% |
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
FSLY
| Network Services | $130.8M | 76% |
| Security | $35.4M | 21% |
| Other | $6.4M | 4% |
RKLB
| Products | $94.0M | 52% |
| Transferred Over Time | $87.3M | 49% |
