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佳明（GRMN）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.的季度营收约是佳明的1.3倍（$2.7B vs $2.1B），佳明净利率更高（24.9% vs 2.5%，领先22.4%），Rocket Companies, Inc.同比增速更快（52.2% vs 16.6%），佳明自由现金流更多（$429.6M vs $-1.3B），过去两年Rocket Companies, Inc.的营收复合增速更高（39.5% vs 24.0%）
佳明（Garmin）是总部位于美国堪萨斯州奥拉西的跨国科技企业，专注于设计、研发、生产及销售GPS功能产品，以及导航、通讯、传感类信息产品，业务覆盖汽车、航空、航海、户外、运动健身等多个领域。
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。
GRMN vs RKT — 直观对比
营收规模更大
RKT
是对方的1.3倍
$2.1B
营收增速更快
RKT
高出35.6%
16.6%
净利率更高
GRMN
高出22.4%
2.5%
自由现金流更多
GRMN
多$1.7B
$-1.3B
两年增速更快
RKT
近两年复合增速
24.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.1B | $2.7B |
| 净利润 | $528.7M | $68.0M |
| 毛利率 | 59.2% | — |
| 营业利润率 | 28.9% | 6.3% |
| 净利率 | 24.9% | 2.5% |
| 营收同比 | 16.6% | 52.2% |
| 净利润同比 | 21.3% | 100.8% |
| 每股收益（稀释后） | $2.72 | $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GRMNRKT
| Q4 25 | $2.1B | $2.7B | ||
| Q3 25 | $1.8B | $1.6B | ||
| Q2 25 | $1.8B | $1.4B | ||
| Q1 25 | $1.5B | $1.0B | ||
| Q4 24 | $1.8B | $1.8B | ||
| Q3 24 | $1.6B | $646.9M | ||
| Q2 24 | $1.5B | $1.3B | ||
| Q1 24 | $1.4B | $1.4B |
净利润GRMNRKT
| Q4 25 | $528.7M | $68.0M | ||
| Q3 25 | $401.6M | $-123.9M | ||
| Q2 25 | $400.8M | $-1.8M | ||
| Q1 25 | $332.8M | $-10.4M | ||
| Q4 24 | $435.7M | $33.9M | ||
| Q3 24 | $399.1M | $-22.0M | ||
| Q2 24 | $300.6M | $1.3M | ||
| Q1 24 | $276.0M | $16.2M |
毛利率GRMNRKT
| Q4 25 | 59.2% | — | ||
| Q3 25 | 59.1% | — | ||
| Q2 25 | 58.8% | — | ||
| Q1 25 | 57.6% | — | ||
| Q4 24 | 59.3% | 58.9% | ||
| Q3 24 | 60.0% | -8.4% | ||
| Q2 24 | 57.3% | 47.4% | ||
| Q1 24 | 58.1% | 51.2% |
营业利润率GRMNRKT
| Q4 25 | 28.9% | 6.3% | ||
| Q3 25 | 25.8% | -11.5% | ||
| Q2 25 | 26.0% | 1.8% | ||
| Q1 25 | 21.7% | -21.5% | ||
| Q4 24 | 28.3% | 38.1% | ||
| Q3 24 | 27.6% | -76.9% | ||
| Q2 24 | 22.7% | 14.8% | ||
| Q1 24 | 21.6% | 21.6% |
净利率GRMNRKT
| Q4 25 | 24.9% | 2.5% | ||
| Q3 25 | 22.7% | -7.7% | ||
| Q2 25 | 22.1% | -0.1% | ||
| Q1 25 | 21.7% | -1.0% | ||
| Q4 24 | 23.9% | 1.9% | ||
| Q3 24 | 25.2% | -3.4% | ||
| Q2 24 | 20.0% | 0.1% | ||
| Q1 24 | 20.0% | 1.2% |
每股收益（稀释后）GRMNRKT
| Q4 25 | $2.72 | $0.10 | ||
| Q3 25 | $2.08 | $-0.06 | ||
| Q2 25 | $2.07 | $-0.01 | ||
| Q1 25 | $1.72 | $-0.08 | ||
| Q4 24 | $2.24 | $0.28 | ||
| Q3 24 | $2.07 | $-0.19 | ||
| Q2 24 | $1.56 | $0.01 | ||
| Q1 24 | $1.43 | $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 | $2.3B | $2.7B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $9.0B | $22.9B |
| 总资产 | $11.0B | $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GRMNRKT
| Q4 25 | $2.3B | $2.7B | ||
| Q3 25 | $2.1B | $5.8B | ||
| Q2 25 | $2.1B | $5.1B | ||
| Q1 25 | $2.2B | $1.4B | ||
| Q4 24 | $2.1B | $1.3B | ||
| Q3 24 | $2.0B | $1.2B | ||
| Q2 24 | $1.9B | $1.3B | ||
| Q1 24 | $1.9B | $861.4M |
股东权益GRMNRKT
| Q4 25 | $9.0B | $22.9B | ||
| Q3 25 | $8.5B | $8.9B | ||
| Q2 25 | $8.1B | $7.4B | ||
| Q1 25 | $8.2B | $8.6B | ||
| Q4 24 | $7.8B | $9.0B | ||
| Q3 24 | $7.5B | $8.4B | ||
| Q2 24 | $7.0B | $8.8B | ||
| Q1 24 | $7.2B | $8.6B |
总资产GRMNRKT
| Q4 25 | $11.0B | $60.7B | ||
| Q3 25 | $10.5B | $33.6B | ||
| Q2 25 | $10.3B | $30.4B | ||
| Q1 25 | $9.8B | $25.3B | ||
| Q4 24 | $9.6B | $24.5B | ||
| Q3 24 | $9.3B | $25.1B | ||
| Q2 24 | $8.9B | $23.6B | ||
| Q1 24 | $8.6B | $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 | $553.8M | $-1.2B |
| 自由现金流经营现金流 - 资本支出 | $429.6M | $-1.3B |
| 自由现金流率自由现金流/营收 | 20.2% | -47.2% |
| 资本支出强度资本支出/营收 | 5.8% | 1.5% |
| 现金转化率经营现金流/净利润 | 1.05× | -18.08× |
| 过去12个月自由现金流最近4个季度 | $1.4B | $-4.0B |
8季度趋势，按日历期对齐
经营现金流GRMNRKT
| Q4 25 | $553.8M | $-1.2B | ||
| Q3 25 | $485.6M | $-50.3M | ||
| Q2 25 | $173.2M | $-1.9B | ||
| Q1 25 | $420.8M | $-797.0M | ||
| Q4 24 | $483.9M | $1.8B | ||
| Q3 24 | $258.0M | $-1.3B | ||
| Q2 24 | $255.3M | $-122.3M | ||
| Q1 24 | $435.3M | $-3.0B |
自由现金流GRMNRKT
| Q4 25 | $429.6M | $-1.3B | ||
| Q3 25 | $425.1M | $-71.8M | ||
| Q2 25 | $127.5M | $-1.9B | ||
| Q1 25 | $380.7M | $-811.0M | ||
| Q4 24 | $399.2M | $1.8B | ||
| Q3 24 | $219.4M | $-1.4B | ||
| Q2 24 | $218.2M | $-138.3M | ||
| Q1 24 | $402.1M | $-3.0B |
自由现金流率GRMNRKT
| Q4 25 | 20.2% | -47.2% | ||
| Q3 25 | 24.0% | -4.5% | ||
| Q2 25 | 7.0% | -137.2% | ||
| Q1 25 | 24.8% | -78.2% | ||
| Q4 24 | 21.9% | 103.1% | ||
| Q3 24 | 13.8% | -209.6% | ||
| Q2 24 | 14.5% | -10.6% | ||
| Q1 24 | 29.1% | -218.7% |
资本支出强度GRMNRKT
| Q4 25 | 5.8% | 1.5% | ||
| Q3 25 | 3.4% | 1.3% | ||
| Q2 25 | 2.5% | 1.1% | ||
| Q1 25 | 2.6% | 1.4% | ||
| Q4 24 | 4.6% | 1.1% | ||
| Q3 24 | 2.4% | 2.9% | ||
| Q2 24 | 2.5% | 1.2% | ||
| Q1 24 | 2.4% | 1.0% |
现金转化率GRMNRKT
| Q4 25 | 1.05× | -18.08× | ||
| Q3 25 | 1.21× | — | ||
| Q2 25 | 0.43× | — | ||
| Q1 25 | 1.26× | — | ||
| Q4 24 | 1.11× | 54.42× | ||
| Q3 24 | 0.65× | — | ||
| Q2 24 | 0.85× | -94.46× | ||
| Q1 24 | 1.58× | -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
GRMN
| Fitness Segment | $765.8M | 36% |
| Outdoor Segment | $627.6M | 30% |
| Marine Segment | $296.9M | 14% |
| Aviation Segment | $274.2M | 13% |
| Auto Oem Segment | $160.4M | 8% |
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% |
