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Global Net Lease, Inc.（GNL）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Global Net Lease, Inc.的1.5倍（$179.7M vs $117.0M），Global Net Lease, Inc.净利率更高（41.2% vs -29.5%，领先70.7%），Rocket Lab Corp同比增速更快（35.7% vs -15.1%），过去两年Rocket Lab Corp的营收复合增速更高（39.2% vs -11.1%）
Global Net Lease, Inc. 是一家上市房地产投资信托机构，主要收购、持有并运营多元化商业地产资产，通过长期净租赁协议出租物业，项目覆盖北美、欧洲多地，涵盖工业、办公、零售等领域，为股东提供稳定的长期收益。
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。
GNL vs RKLB — 直观对比
营收规模更大
RKLB
是对方的1.5倍
$117.0M
营收增速更快
RKLB
高出50.8%
-15.1%
净利率更高
GNL
高出70.7%
-29.5%
两年增速更快
RKLB
近两年复合增速
-11.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $117.0M | $179.7M |
| 净利润 | $48.2M | $-52.9M |
| 毛利率 | — | 38.0% |
| 营业利润率 | 94.7% | -28.4% |
| 净利率 | 41.2% | -29.5% |
| 营收同比 | -15.1% | 35.7% |
| 净利润同比 | 838.7% | -1.1% |
| 每股收益（稀释后） | $0.14 | $-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GNLRKLB
| Q4 25 | $117.0M | $179.7M | ||
| Q3 25 | $121.0M | $155.1M | ||
| Q2 25 | $124.9M | $144.5M | ||
| Q1 25 | $132.4M | $122.6M | ||
| Q4 24 | $137.8M | $132.4M | ||
| Q3 24 | $138.7M | $104.8M | ||
| Q2 24 | $145.5M | $106.3M | ||
| Q1 24 | $147.9M | $92.8M |
净利润GNLRKLB
| Q4 25 | $48.2M | $-52.9M | ||
| Q3 25 | $-60.1M | $-18.3M | ||
| Q2 25 | $-24.1M | $-66.4M | ||
| Q1 25 | $-189.4M | $-60.6M | ||
| Q4 24 | $-6.5M | $-52.3M | ||
| Q3 24 | $-65.6M | $-51.9M | ||
| Q2 24 | $-35.7M | $-41.6M | ||
| Q1 24 | $-23.8M | $-44.3M |
毛利率GNLRKLB
| 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GNLRKLB
| Q4 25 | 94.7% | -28.4% | ||
| Q3 25 | -11.7% | -38.0% | ||
| Q2 25 | 33.9% | -41.3% | ||
| Q1 25 | -21.1% | -48.3% | ||
| Q4 24 | 40.8% | -38.9% | ||
| Q3 24 | 9.3% | -49.5% | ||
| Q2 24 | 42.6% | -40.7% | ||
| Q1 24 | 38.6% | -46.4% |
净利率GNLRKLB
| Q4 25 | 41.2% | -29.5% | ||
| Q3 25 | -49.7% | -11.8% | ||
| Q2 25 | -19.3% | -46.0% | ||
| Q1 25 | -143.0% | -49.5% | ||
| Q4 24 | -4.7% | -39.5% | ||
| Q3 24 | -47.3% | -49.6% | ||
| Q2 24 | -24.5% | -39.2% | ||
| Q1 24 | -16.1% | -47.7% |
每股收益（稀释后）GNLRKLB
| Q4 25 | $0.14 | $-0.09 | ||
| Q3 25 | $-0.32 | $-0.03 | ||
| Q2 25 | $-0.16 | $-0.13 | ||
| Q1 25 | $-0.87 | $-0.12 | ||
| Q4 24 | $-0.08 | $-0.11 | ||
| Q3 24 | $-0.33 | $-0.10 | ||
| Q2 24 | $-0.20 | $-0.08 | ||
| Q1 24 | $-0.15 | $-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 | $180.1M | $1.0B |
| 总债务越低越好 | — | $152.4M |
| 股东权益账面价值 | $1.7B | $1.7B |
| 总资产 | $4.3B | $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GNLRKLB
| Q4 25 | $180.1M | $1.0B | ||
| Q3 25 | $165.1M | $976.7M | ||
| Q2 25 | $144.8M | $688.1M | ||
| Q1 25 | $147.0M | $428.4M | ||
| Q4 24 | $159.7M | $419.0M | ||
| Q3 24 | $127.2M | $442.4M | ||
| Q2 24 | $122.2M | $496.8M | ||
| Q1 24 | $131.9M | $492.5M |
总债务GNLRKLB
| 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GNLRKLB
| Q4 25 | $1.7B | $1.7B | ||
| Q3 25 | $1.7B | $1.3B | ||
| Q2 25 | $1.8B | $688.5M | ||
| Q1 25 | $1.9B | $431.3M | ||
| Q4 24 | $2.2B | $382.5M | ||
| Q3 24 | $2.3B | $419.8M | ||
| Q2 24 | $2.4B | $455.2M | ||
| Q1 24 | $2.5B | $478.9M |
总资产GNLRKLB
| Q4 25 | $4.3B | $2.3B | ||
| Q3 25 | $4.8B | $2.2B | ||
| Q2 25 | $5.0B | $1.6B | ||
| Q1 25 | $5.8B | $1.3B | ||
| Q4 24 | $7.0B | $1.2B | ||
| Q3 24 | $7.3B | $1.2B | ||
| Q2 24 | $7.6B | $1.2B | ||
| Q1 24 | $8.0B | $1.2B |
负债/权益比GNLRKLB
| 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 | $222.8M | $-64.5M |
| 自由现金流经营现金流 - 资本支出 | — | $-114.2M |
| 自由现金流率自由现金流/营收 | — | -63.6% |
| 资本支出强度资本支出/营收 | — | 27.6% |
| 现金转化率经营现金流/净利润 | 4.62× | — |
| 过去12个月自由现金流最近4个季度 | — | $-321.8M |
8季度趋势，按日历期对齐
经营现金流GNLRKLB
| Q4 25 | $222.8M | $-64.5M | ||
| Q3 25 | $56.0M | $-23.5M | ||
| Q2 25 | $52.0M | $-23.2M | ||
| Q1 25 | $59.2M | $-54.2M | ||
| Q4 24 | $299.5M | $-2.4M | ||
| Q3 24 | $62.1M | $-30.9M | ||
| Q2 24 | $70.4M | $-13.0M | ||
| Q1 24 | $92.2M | $-2.6M |
自由现金流GNLRKLB
| Q4 25 | — | $-114.2M | ||
| Q3 25 | — | $-69.4M | ||
| Q2 25 | — | $-55.3M | ||
| Q1 25 | — | $-82.9M | ||
| Q4 24 | — | $-23.9M | ||
| Q3 24 | — | $-41.9M | ||
| Q2 24 | — | $-28.3M | ||
| Q1 24 | — | $-21.8M |
自由现金流率GNLRKLB
| Q4 25 | — | -63.6% | ||
| Q3 25 | — | -44.8% | ||
| Q2 25 | — | -38.3% | ||
| Q1 25 | — | -67.6% | ||
| Q4 24 | — | -18.1% | ||
| Q3 24 | — | -40.0% | ||
| Q2 24 | — | -26.7% | ||
| Q1 24 | — | -23.5% |
资本支出强度GNLRKLB
| Q4 25 | — | 27.6% | ||
| Q3 25 | — | 29.6% | ||
| Q2 25 | — | 22.2% | ||
| Q1 25 | — | 23.4% | ||
| Q4 24 | — | 16.3% | ||
| Q3 24 | — | 10.5% | ||
| Q2 24 | — | 14.4% | ||
| Q1 24 | — | 20.7% |
现金转化率GNLRKLB
| Q4 25 | 4.62× | — | ||
| 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
GNL
| Industrial And Distribution Segment | $56.0M | 48% |
| Office Segment | $30.8M | 26% |
| Single Tenant Retail Segment | $30.2M | 26% |
RKLB
| Products | $94.0M | 52% |
| Transferred Over Time | $87.3M | 49% |
