vs
格罗方德（GFS）与Rocket Companies, Inc.（RKT）财务数据对比。点击上方公司名可切换其他公司
Rocket Companies, Inc.的季度营收约是格罗方德的1.6倍（$2.7B vs $1.7B），格罗方德净利率更高（14.8% vs 2.5%，领先12.2%），Rocket Companies, Inc.同比增速更快（52.2% vs -2.9%），过去两年Rocket Companies, Inc.的营收复合增速更高（39.5% vs -4.3%）
格罗方德是跨国半导体代工及设计企业，注册地为开曼群岛，总部位于美国纽约州马耳他。公司2009年3月由AMD制造业务分拆成立，2021年10月完成首次公开募股，阿联酋主权财富基金穆巴达拉投资公司目前仍持有其82%的多数股权。
Rocket Companies, Inc.是美国金融科技及住房服务企业，由丹·吉尔伯特创立，总部位于密歇根州底特律市中心。公司依托旗舰子公司Rocket Mortgage跻身美国最大抵押贷款提供商行列，旗下还拥有Redfin、Forsalebyowner.com、Rocket Money等子品牌。
GFS vs RKT — 直观对比
营收规模更大
RKT
是对方的1.6倍
$1.7B
营收增速更快
RKT
高出55.1%
-2.9%
净利率更高
GFS
高出12.2%
2.5%
两年增速更快
RKT
近两年复合增速
-4.3%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.7B | $2.7B |
| 净利润 | $249.0M | $68.0M |
| 毛利率 | 24.8% | — |
| 营业利润率 | 11.6% | 6.3% |
| 净利率 | 14.8% | 2.5% |
| 营收同比 | -2.9% | 52.2% |
| 净利润同比 | 39.9% | 100.8% |
| 每股收益（稀释后） | $0.44 | $0.10 |
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GFSRKT
| Q4 25 | — | $2.7B | ||
| Q3 25 | $1.7B | $1.6B | ||
| Q2 25 | $1.7B | $1.4B | ||
| Q1 25 | $1.6B | $1.0B | ||
| Q4 24 | — | $1.8B | ||
| Q3 24 | $1.7B | $646.9M | ||
| Q2 24 | $1.6B | $1.3B | ||
| Q1 24 | $1.5B | $1.4B |
净利润GFSRKT
| Q4 25 | — | $68.0M | ||
| Q3 25 | $249.0M | $-123.9M | ||
| Q2 25 | $228.0M | $-1.8M | ||
| Q1 25 | $211.0M | $-10.4M | ||
| Q4 24 | — | $33.9M | ||
| Q3 24 | $178.0M | $-22.0M | ||
| Q2 24 | $155.0M | $1.3M | ||
| Q1 24 | $134.0M | $16.2M |
毛利率GFSRKT
| Q4 25 | — | — | ||
| Q3 25 | 24.8% | — | ||
| Q2 25 | 24.2% | — | ||
| Q1 25 | 22.4% | — | ||
| Q4 24 | — | 58.9% | ||
| Q3 24 | 23.8% | -8.4% | ||
| Q2 24 | 24.2% | 47.4% | ||
| Q1 24 | 25.4% | 51.2% |
营业利润率GFSRKT
| Q4 25 | — | 6.3% | ||
| Q3 25 | 11.6% | -11.5% | ||
| Q2 25 | 11.6% | 1.8% | ||
| Q1 25 | 9.5% | -21.5% | ||
| Q4 24 | — | 38.1% | ||
| Q3 24 | 10.6% | -76.9% | ||
| Q2 24 | 9.5% | 14.8% | ||
| Q1 24 | 9.5% | 21.6% |
净利率GFSRKT
| Q4 25 | — | 2.5% | ||
| Q3 25 | 14.8% | -7.7% | ||
| Q2 25 | 13.5% | -0.1% | ||
| Q1 25 | 13.3% | -1.0% | ||
| Q4 24 | — | 1.9% | ||
| Q3 24 | 10.2% | -3.4% | ||
| Q2 24 | 9.5% | 0.1% | ||
| Q1 24 | 8.7% | 1.2% |
每股收益（稀释后）GFSRKT
| Q4 25 | — | $0.10 | ||
| Q3 25 | $0.44 | $-0.06 | ||
| Q2 25 | $0.41 | $-0.01 | ||
| Q1 25 | $0.38 | $-0.08 | ||
| Q4 24 | — | $0.28 | ||
| Q3 24 | $0.32 | $-0.19 | ||
| Q2 24 | $0.28 | $0.01 | ||
| Q1 24 | $0.24 | $0.11 |
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 | $2.0B | $2.7B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $11.8B | $22.9B |
| 总资产 | $16.7B | $60.7B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资GFSRKT
| Q4 25 | — | $2.7B | ||
| Q3 25 | $2.0B | $5.8B | ||
| Q2 25 | $1.8B | $5.1B | ||
| Q1 25 | $1.6B | $1.4B | ||
| Q4 24 | — | $1.3B | ||
| Q3 24 | $2.3B | $1.2B | ||
| Q2 24 | $2.2B | $1.3B | ||
| Q1 24 | $2.2B | $861.4M |
股东权益GFSRKT
| Q4 25 | — | $22.9B | ||
| Q3 25 | $11.8B | $8.9B | ||
| Q2 25 | $11.5B | $7.4B | ||
| Q1 25 | $11.1B | $8.6B | ||
| Q4 24 | — | $9.0B | ||
| Q3 24 | $11.6B | $8.4B | ||
| Q2 24 | $11.3B | $8.8B | ||
| Q1 24 | $11.3B | $8.6B |
总资产GFSRKT
| Q4 25 | — | $60.7B | ||
| Q3 25 | $16.7B | $33.6B | ||
| Q2 25 | $16.8B | $30.4B | ||
| Q1 25 | $16.5B | $25.3B | ||
| Q4 24 | — | $24.5B | ||
| Q3 24 | $18.1B | $25.1B | ||
| Q2 24 | — | $23.6B | ||
| Q1 24 | — | $22.2B |
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 | $595.0M | $-1.2B |
| 自由现金流经营现金流 - 资本支出 | — | $-1.3B |
| 自由现金流率自由现金流/营收 | — | -47.2% |
| 资本支出强度资本支出/营收 | — | 1.5% |
| 现金转化率经营现金流/净利润 | 2.39× | -18.08× |
| 过去12个月自由现金流最近4个季度 | — | $-4.0B |
8季度趋势，按日历期对齐
经营现金流GFSRKT
| Q4 25 | — | $-1.2B | ||
| Q3 25 | $595.0M | $-50.3M | ||
| Q2 25 | $431.0M | $-1.9B | ||
| Q1 25 | $331.0M | $-797.0M | ||
| Q4 24 | — | $1.8B | ||
| Q3 24 | $375.0M | $-1.3B | ||
| Q2 24 | $402.0M | $-122.3M | ||
| Q1 24 | $488.0M | $-3.0B |
自由现金流GFSRKT
| Q4 25 | — | $-1.3B | ||
| Q3 25 | — | $-71.8M | ||
| Q2 25 | — | $-1.9B | ||
| Q1 25 | — | $-811.0M | ||
| Q4 24 | — | $1.8B | ||
| Q3 24 | — | $-1.4B | ||
| Q2 24 | — | $-138.3M | ||
| Q1 24 | — | $-3.0B |
自由现金流率GFSRKT
| Q4 25 | — | -47.2% | ||
| Q3 25 | — | -4.5% | ||
| Q2 25 | — | -137.2% | ||
| Q1 25 | — | -78.2% | ||
| Q4 24 | — | 103.1% | ||
| Q3 24 | — | -209.6% | ||
| Q2 24 | — | -10.6% | ||
| Q1 24 | — | -218.7% |
资本支出强度GFSRKT
| Q4 25 | — | 1.5% | ||
| Q3 25 | — | 1.3% | ||
| Q2 25 | — | 1.1% | ||
| Q1 25 | — | 1.4% | ||
| Q4 24 | — | 1.1% | ||
| Q3 24 | — | 2.9% | ||
| Q2 24 | — | 1.2% | ||
| Q1 24 | — | 1.0% |
现金转化率GFSRKT
| Q4 25 | — | -18.08× | ||
| Q3 25 | 2.39× | — | ||
| Q2 25 | 1.89× | — | ||
| Q1 25 | 1.57× | — | ||
| Q4 24 | — | 54.42× | ||
| Q3 24 | 2.11× | — | ||
| Q2 24 | 2.59× | -94.46× | ||
| Q1 24 | 3.64× | -185.80× |
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
GFS
| Smart Mobile Devices | $752.0M | 45% |
| Automotive | $306.0M | 18% |
| Home And Industrial Io T | $258.0M | 15% |
| Goods Or Services Transferred Over Time | $198.0M | 12% |
| Communications Infrastructure Datacenter | $175.0M | 10% |
RKT
| Other | $1.4B | 51% |
| Direct To Customer Segment | $945.8M | 35% |
| Partner Network Segment | $216.7M | 8% |
| Subscription Revenue | $91.3M | 3% |
| Closing Fees | $47.1M | 2% |
| Appraisal Revenue | $10.7M | 0% |
