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Fathom Holdings Inc.（FTHM）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Fathom Holdings Inc.的2.0倍（$179.7M vs $90.6M），Fathom Holdings Inc.净利率更高（-7.4% vs -29.5%，领先22.1%），Rocket Lab Corp同比增速更快（35.7% vs -1.2%），Fathom Holdings Inc.自由现金流更多（$-20.7M vs $-114.2M），过去两年Rocket Lab Corp的营收复合增速更高（39.2% vs 13.4%）
Fathom Holdings Inc.是一家总部位于美国的房地产科技与服务企业，为房产经纪人、经纪机构和消费者提供数字交易管理、按揭服务、产权保险、住宅经纪等一站式解决方案，业务覆盖美国大部分区域市场。
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。
FTHM vs RKLB — 直观对比
营收规模更大
RKLB
是对方的2.0倍
$90.6M
营收增速更快
RKLB
高出36.9%
-1.2%
净利率更高
FTHM
高出22.1%
-29.5%
自由现金流更多
FTHM
多$93.5M
$-114.2M
两年增速更快
RKLB
近两年复合增速
13.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $90.6M | $179.7M |
| 净利润 | $-6.7M | $-52.9M |
| 毛利率 | — | 38.0% |
| 营业利润率 | -5.2% | -28.4% |
| 净利率 | -7.4% | -29.5% |
| 营收同比 | -1.2% | 35.7% |
| 净利润同比 | -7.7% | -1.1% |
| 每股收益（稀释后） | $-0.20 | $-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FTHMRKLB
| Q4 25 | $90.6M | $179.7M | ||
| Q3 25 | $115.3M | $155.1M | ||
| Q2 25 | $121.4M | $144.5M | ||
| Q1 25 | $93.1M | $122.6M | ||
| Q4 24 | $91.7M | $132.4M | ||
| Q3 24 | $83.7M | $104.8M | ||
| Q2 24 | $89.2M | $106.3M | ||
| Q1 24 | $70.5M | $92.8M |
净利润FTHMRKLB
| Q4 25 | $-6.7M | $-52.9M | ||
| Q3 25 | $-4.4M | $-18.3M | ||
| Q2 25 | $-3.6M | $-66.4M | ||
| Q1 25 | $-5.6M | $-60.6M | ||
| Q4 24 | $-6.2M | $-52.3M | ||
| Q3 24 | $-8.1M | $-51.9M | ||
| Q2 24 | $-1.3M | $-41.6M | ||
| Q1 24 | $-5.9M | $-44.3M |
毛利率FTHMRKLB
| 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FTHMRKLB
| Q4 25 | -5.2% | -28.4% | ||
| Q3 25 | -3.5% | -38.0% | ||
| Q2 25 | -2.0% | -41.3% | ||
| Q1 25 | -4.8% | -48.3% | ||
| Q4 24 | -7.0% | -38.9% | ||
| Q3 24 | -9.3% | -49.5% | ||
| Q2 24 | -4.1% | -40.7% | ||
| Q1 24 | -8.0% | -46.4% |
净利率FTHMRKLB
| Q4 25 | -7.4% | -29.5% | ||
| Q3 25 | -3.8% | -11.8% | ||
| Q2 25 | -3.0% | -46.0% | ||
| Q1 25 | -6.1% | -49.5% | ||
| Q4 24 | -6.8% | -39.5% | ||
| Q3 24 | -9.7% | -49.6% | ||
| Q2 24 | -1.5% | -39.2% | ||
| Q1 24 | -8.4% | -47.7% |
每股收益（稀释后）FTHMRKLB
| Q4 25 | $-0.20 | $-0.09 | ||
| Q3 25 | $-0.15 | $-0.03 | ||
| Q2 25 | $-0.13 | $-0.13 | ||
| Q1 25 | $-0.24 | $-0.12 | ||
| Q4 24 | $-0.29 | $-0.11 | ||
| Q3 24 | $-0.40 | $-0.10 | ||
| Q2 24 | $-0.07 | $-0.08 | ||
| Q1 24 | $-0.31 | $-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 | $5.8M | $1.0B |
| 总债务越低越好 | $5.6M | $152.4M |
| 股东权益账面价值 | $37.4M | $1.7B |
| 总资产 | $78.0M | $2.3B |
| 负债/权益比越低杠杆越低 | 0.15× | 0.09× |
8季度趋势，按日历期对齐
现金及短期投资FTHMRKLB
| Q4 25 | $5.8M | $1.0B | ||
| Q3 25 | $9.8M | $976.7M | ||
| Q2 25 | $4.9M | $688.1M | ||
| Q1 25 | $8.0M | $428.4M | ||
| Q4 24 | $7.1M | $419.0M | ||
| Q3 24 | $13.1M | $442.4M | ||
| Q2 24 | $10.4M | $496.8M | ||
| Q1 24 | $5.7M | $492.5M |
总债务FTHMRKLB
| Q4 25 | $5.6M | $152.4M | ||
| Q3 25 | $5.1M | $347.0M | ||
| Q2 25 | $5.1M | $346.5M | ||
| Q1 25 | $5.1M | $345.9M | ||
| Q4 24 | $9.5M | $345.4M | ||
| Q3 24 | $8.8M | $61.2M | ||
| Q2 24 | $3.6M | $64.2M | ||
| Q1 24 | $3.7M | $66.8M |
股东权益FTHMRKLB
| Q4 25 | $37.4M | $1.7B | ||
| Q3 25 | $43.4M | $1.3B | ||
| Q2 25 | $40.7M | $688.5M | ||
| Q1 25 | $43.4M | $431.3M | ||
| Q4 24 | $44.7M | $382.5M | ||
| Q3 24 | $47.1M | $419.8M | ||
| Q2 24 | $53.1M | $455.2M | ||
| Q1 24 | $51.9M | $478.9M |
总资产FTHMRKLB
| Q4 25 | $78.0M | $2.3B | ||
| Q3 25 | $83.2M | $2.2B | ||
| Q2 25 | $80.4M | $1.6B | ||
| Q1 25 | $81.0M | $1.3B | ||
| Q4 24 | $75.4M | $1.2B | ||
| Q3 24 | $80.9M | $1.2B | ||
| Q2 24 | $80.2M | $1.2B | ||
| Q1 24 | $78.2M | $1.2B |
负债/权益比FTHMRKLB
| Q4 25 | 0.15× | 0.09× | ||
| Q3 25 | 0.12× | 0.27× | ||
| Q2 25 | 0.12× | 0.50× | ||
| Q1 25 | 0.12× | 0.80× | ||
| Q4 24 | 0.21× | 0.90× | ||
| Q3 24 | 0.19× | 0.15× | ||
| Q2 24 | 0.07× | 0.14× | ||
| Q1 24 | 0.07× | 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 | $-20.5M | $-64.5M |
| 自由现金流经营现金流 - 资本支出 | $-20.7M | $-114.2M |
| 自由现金流率自由现金流/营收 | -22.8% | -63.6% |
| 资本支出强度资本支出/营收 | 0.1% | 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 | $-29.4M | $-321.8M |
8季度趋势，按日历期对齐
经营现金流FTHMRKLB
| Q4 25 | $-20.5M | $-64.5M | ||
| Q3 25 | $3.0M | $-23.5M | ||
| Q2 25 | $-5.9M | $-23.2M | ||
| Q1 25 | $-5.7M | $-54.2M | ||
| Q4 24 | $-4.7M | $-2.4M | ||
| Q3 24 | $-330.0K | $-30.9M | ||
| Q2 24 | $-3.1M | $-13.0M | ||
| Q1 24 | $-947.0K | $-2.6M |
自由现金流FTHMRKLB
| Q4 25 | $-20.7M | $-114.2M | ||
| Q3 25 | $3.0M | $-69.4M | ||
| Q2 25 | $-6.0M | $-55.3M | ||
| Q1 25 | $-5.8M | $-82.9M | ||
| Q4 24 | $-4.7M | $-23.9M | ||
| Q3 24 | $-364.0K | $-41.9M | ||
| Q2 24 | $-3.1M | $-28.3M | ||
| Q1 24 | $-948.0K | $-21.8M |
自由现金流率FTHMRKLB
| Q4 25 | -22.8% | -63.6% | ||
| Q3 25 | 2.6% | -44.8% | ||
| Q2 25 | -4.9% | -38.3% | ||
| Q1 25 | -6.2% | -67.6% | ||
| Q4 24 | -5.2% | -18.1% | ||
| Q3 24 | -0.4% | -40.0% | ||
| Q2 24 | -3.5% | -26.7% | ||
| Q1 24 | -1.3% | -23.5% |
资本支出强度FTHMRKLB
| Q4 25 | 0.1% | 27.6% | ||
| Q3 25 | 0.0% | 29.6% | ||
| Q2 25 | 0.0% | 22.2% | ||
| Q1 25 | 0.0% | 23.4% | ||
| Q4 24 | 0.1% | 16.3% | ||
| Q3 24 | 0.0% | 10.5% | ||
| Q2 24 | 0.0% | 14.4% | ||
| Q1 24 | 0.0% | 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
FTHM
| Real Estate Brokerage | $84.9M | 94% |
| Mortgage Segment | $3.4M | 4% |
| Other | $2.3M | 3% |
RKLB
| Products | $94.0M | 52% |
| Transferred Over Time | $87.3M | 49% |
