vs
GRID DYNAMICS HOLDINGS, INC.（GDYN）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GRID DYNAMICS HOLDINGS, INC.的1.7倍（$179.7M vs $106.2M），GRID DYNAMICS HOLDINGS, INC.净利率更高（0.3% vs -29.5%，领先29.7%），Rocket Lab Corp同比增速更快（35.7% vs 5.9%），GRID DYNAMICS HOLDINGS, INC.自由现金流更多（$6.1M vs $-114.2M），过去两年Rocket Lab Corp的营收复合增速更高（39.2% vs 15.3%）
Escape Dynamics Inc.是一家总部位于科罗拉多州的科技企业，活跃于2010年至2015年，核心业务方向是研发可单级入轨、依靠电磁驱动的可重复使用航天飞机，并推动该项目实现商业化落地。
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。
GDYN vs RKLB — 直观对比
营收规模更大
RKLB
是对方的1.7倍
$106.2M
营收增速更快
RKLB
高出29.8%
5.9%
净利率更高
GDYN
高出29.7%
-29.5%
自由现金流更多
GDYN
多$120.3M
$-114.2M
两年增速更快
RKLB
近两年复合增速
15.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $106.2M | $179.7M |
| 净利润 | $306.0K | $-52.9M |
| 毛利率 | 34.0% | 38.0% |
| 营业利润率 | 0.5% | -28.4% |
| 净利率 | 0.3% | -29.5% |
| 营收同比 | 5.9% | 35.7% |
| 净利润同比 | -93.2% | -1.1% |
| 每股收益（稀释后） | $0.01 | $-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GDYNRKLB
| Q4 25 | $106.2M | $179.7M | ||
| Q3 25 | $104.2M | $155.1M | ||
| Q2 25 | $101.1M | $144.5M | ||
| Q1 25 | $100.4M | $122.6M | ||
| Q4 24 | $100.3M | $132.4M | ||
| Q3 24 | $87.4M | $104.8M | ||
| Q2 24 | $83.0M | $106.3M | ||
| Q1 24 | $79.8M | $92.8M |
净利润GDYNRKLB
| Q4 25 | $306.0K | $-52.9M | ||
| Q3 25 | $1.2M | $-18.3M | ||
| Q2 25 | $5.3M | $-66.4M | ||
| Q1 25 | $2.9M | $-60.6M | ||
| Q4 24 | $4.5M | $-52.3M | ||
| Q3 24 | $4.3M | $-51.9M | ||
| Q2 24 | $-817.0K | $-41.6M | ||
| Q1 24 | $-3.9M | $-44.3M |
毛利率GDYNRKLB
| Q4 25 | 34.0% | 38.0% | ||
| Q3 25 | 33.3% | 37.0% | ||
| Q2 25 | 34.1% | 32.1% | ||
| Q1 25 | 36.8% | 28.8% | ||
| Q4 24 | 36.9% | 27.8% | ||
| Q3 24 | 37.4% | 26.7% | ||
| Q2 24 | 35.6% | 25.6% | ||
| Q1 24 | 34.7% | 26.1% |
营业利润率GDYNRKLB
| Q4 25 | 0.5% | -28.4% | ||
| Q3 25 | -0.2% | -38.0% | ||
| Q2 25 | -0.1% | -41.3% | ||
| Q1 25 | -2.0% | -48.3% | ||
| Q4 24 | 1.3% | -38.9% | ||
| Q3 24 | 2.4% | -49.5% | ||
| Q2 24 | 0.0% | -40.7% | ||
| Q1 24 | -6.9% | -46.4% |
净利率GDYNRKLB
| Q4 25 | 0.3% | -29.5% | ||
| Q3 25 | 1.1% | -11.8% | ||
| Q2 25 | 5.2% | -46.0% | ||
| Q1 25 | 2.9% | -49.5% | ||
| Q4 24 | 4.5% | -39.5% | ||
| Q3 24 | 4.9% | -49.6% | ||
| Q2 24 | -1.0% | -39.2% | ||
| Q1 24 | -4.9% | -47.7% |
每股收益（稀释后）GDYNRKLB
| Q4 25 | $0.01 | $-0.09 | ||
| Q3 25 | $0.01 | $-0.03 | ||
| Q2 25 | $0.06 | $-0.13 | ||
| Q1 25 | $0.03 | $-0.12 | ||
| Q4 24 | $0.06 | $-0.11 | ||
| Q3 24 | $0.05 | $-0.10 | ||
| Q2 24 | $-0.01 | $-0.08 | ||
| Q1 24 | $-0.05 | $-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 | $342.1M | $1.0B |
| 总债务越低越好 | — | $152.4M |
| 股东权益账面价值 | $542.1M | $1.7B |
| 总资产 | $612.9M | $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GDYNRKLB
| Q4 25 | $342.1M | $1.0B | ||
| Q3 25 | $338.6M | $976.7M | ||
| Q2 25 | $336.8M | $688.1M | ||
| Q1 25 | $325.5M | $428.4M | ||
| Q4 24 | $334.7M | $419.0M | ||
| Q3 24 | $231.3M | $442.4M | ||
| Q2 24 | $256.0M | $496.8M | ||
| Q1 24 | $249.4M | $492.5M |
总债务GDYNRKLB
| 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GDYNRKLB
| Q4 25 | $542.1M | $1.7B | ||
| Q3 25 | $537.7M | $1.3B | ||
| Q2 25 | $532.2M | $688.5M | ||
| Q1 25 | $517.4M | $431.3M | ||
| Q4 24 | $517.8M | $382.5M | ||
| Q3 24 | $400.2M | $419.8M | ||
| Q2 24 | $388.4M | $455.2M | ||
| Q1 24 | $382.8M | $478.9M |
总资产GDYNRKLB
| Q4 25 | $612.9M | $2.3B | ||
| Q3 25 | $613.2M | $2.2B | ||
| Q2 25 | $608.9M | $1.6B | ||
| Q1 25 | $590.9M | $1.3B | ||
| Q4 24 | $592.2M | $1.2B | ||
| Q3 24 | $477.3M | $1.2B | ||
| Q2 24 | $443.6M | $1.2B | ||
| Q1 24 | $435.3M | $1.2B |
负债/权益比GDYNRKLB
| 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 | $9.9M | $-64.5M |
| 自由现金流经营现金流 - 资本支出 | $6.1M | $-114.2M |
| 自由现金流率自由现金流/营收 | 5.7% | -63.6% |
| 资本支出强度资本支出/营收 | 3.6% | 27.6% |
| 现金转化率经营现金流/净利润 | 32.34× | — |
| 过去12个月自由现金流最近4个季度 | $25.3M | $-321.8M |
8季度趋势，按日历期对齐
经营现金流GDYNRKLB
| Q4 25 | $9.9M | $-64.5M | ||
| Q3 25 | $7.0M | $-23.5M | ||
| Q2 25 | $14.4M | $-23.2M | ||
| Q1 25 | $9.4M | $-54.2M | ||
| Q4 24 | $7.1M | $-2.4M | ||
| Q3 24 | $9.2M | $-30.9M | ||
| Q2 24 | $10.7M | $-13.0M | ||
| Q1 24 | $3.2M | $-2.6M |
自由现金流GDYNRKLB
| Q4 25 | $6.1M | $-114.2M | ||
| Q3 25 | $2.9M | $-69.4M | ||
| Q2 25 | $10.2M | $-55.3M | ||
| Q1 25 | $6.0M | $-82.9M | ||
| Q4 24 | $4.4M | $-23.9M | ||
| Q3 24 | $5.9M | $-41.9M | ||
| Q2 24 | $8.0M | $-28.3M | ||
| Q1 24 | $43.0K | $-21.8M |
自由现金流率GDYNRKLB
| Q4 25 | 5.7% | -63.6% | ||
| Q3 25 | 2.8% | -44.8% | ||
| Q2 25 | 10.1% | -38.3% | ||
| Q1 25 | 6.0% | -67.6% | ||
| Q4 24 | 4.4% | -18.1% | ||
| Q3 24 | 6.8% | -40.0% | ||
| Q2 24 | 9.7% | -26.7% | ||
| Q1 24 | 0.1% | -23.5% |
资本支出强度GDYNRKLB
| Q4 25 | 3.6% | 27.6% | ||
| Q3 25 | 3.9% | 29.6% | ||
| Q2 25 | 4.1% | 22.2% | ||
| Q1 25 | 3.3% | 23.4% | ||
| Q4 24 | 2.6% | 16.3% | ||
| Q3 24 | 3.7% | 10.5% | ||
| Q2 24 | 3.2% | 14.4% | ||
| Q1 24 | 4.0% | 20.7% |
现金转化率GDYNRKLB
| Q4 25 | 32.34× | — | ||
| Q3 25 | 5.92× | — | ||
| Q2 25 | 2.73× | — | ||
| Q1 25 | 3.21× | — | ||
| Q4 24 | 1.56× | — | ||
| Q3 24 | 2.15× | — | ||
| 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
GDYN
| Other | $30.6M | 29% |
| Technology Media And Telecom | $30.1M | 28% |
| Financial Service | $24.3M | 23% |
| Manufactured Product Other | $10.8M | 10% |
| Related Party | $7.6M | 7% |
| Health Care | $2.8M | 3% |
RKLB
| Products | $94.0M | 52% |
| Transferred Over Time | $87.3M | 49% |
