vs
汉美驰（HBB）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
汉美驰的季度营收约是Rocket Lab Corp的1.2倍（$212.9M vs $179.7M），汉美驰净利率更高（8.7% vs -29.5%，领先38.2%），Rocket Lab Corp同比增速更快（35.7% vs -0.3%），汉美驰自由现金流更多（$27.9M vs $-114.2M），过去两年Rocket Lab Corp的营收复合增速更高（39.2% vs 28.8%）
汉美驰品牌控股公司是美国家电与商用餐厨设备设计营销企业，核心业务覆盖美加墨地区，主要推出搅拌机、料理机、烤面包机、慢炖锅、电熨斗、空气净化器等家用及商用设备，在北美家电市场拥有较高知名度。
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。
HBB vs RKLB — 直观对比
营收规模更大
HBB
是对方的1.2倍
$179.7M
营收增速更快
RKLB
高出36.0%
-0.3%
净利率更高
HBB
高出38.2%
-29.5%
自由现金流更多
HBB
多$142.1M
$-114.2M
两年增速更快
RKLB
近两年复合增速
28.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $212.9M | $179.7M |
| 净利润 | $18.5M | $-52.9M |
| 毛利率 | 28.3% | 38.0% |
| 营业利润率 | 11.9% | -28.4% |
| 净利率 | 8.7% | -29.5% |
| 营收同比 | -0.3% | 35.7% |
| 净利润同比 | -22.7% | -1.1% |
| 每股收益（稀释后） | $1.37 | $-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HBBRKLB
| Q4 25 | $212.9M | $179.7M | ||
| Q3 25 | $132.8M | $155.1M | ||
| Q2 25 | $127.8M | $144.5M | ||
| Q1 25 | $133.4M | $122.6M | ||
| Q4 24 | $213.5M | $132.4M | ||
| Q3 24 | $156.7M | $104.8M | ||
| Q2 24 | $156.2M | $106.3M | ||
| Q1 24 | $128.3M | $92.8M |
净利润HBBRKLB
| Q4 25 | $18.5M | $-52.9M | ||
| Q3 25 | $1.7M | $-18.3M | ||
| Q2 25 | $4.5M | $-66.4M | ||
| Q1 25 | $1.8M | $-60.6M | ||
| Q4 24 | $24.0M | $-52.3M | ||
| Q3 24 | $1.9M | $-51.9M | ||
| Q2 24 | $6.0M | $-41.6M | ||
| Q1 24 | $-1.2M | $-44.3M |
毛利率HBBRKLB
| Q4 25 | 28.3% | 38.0% | ||
| Q3 25 | 21.1% | 37.0% | ||
| Q2 25 | 27.5% | 32.1% | ||
| Q1 25 | 24.6% | 28.8% | ||
| Q4 24 | 26.1% | 27.8% | ||
| Q3 24 | 28.0% | 26.7% | ||
| Q2 24 | 25.9% | 25.6% | ||
| Q1 24 | 23.4% | 26.1% |
营业利润率HBBRKLB
| Q4 25 | 11.9% | -28.4% | ||
| Q3 25 | 2.2% | -38.0% | ||
| Q2 25 | 4.7% | -41.3% | ||
| Q1 25 | 1.7% | -48.3% | ||
| Q4 24 | 11.0% | -38.9% | ||
| Q3 24 | 6.8% | -49.5% | ||
| Q2 24 | 6.4% | -40.7% | ||
| Q1 24 | -0.7% | -46.4% |
净利率HBBRKLB
| Q4 25 | 8.7% | -29.5% | ||
| Q3 25 | 1.2% | -11.8% | ||
| Q2 25 | 3.5% | -46.0% | ||
| Q1 25 | 1.4% | -49.5% | ||
| Q4 24 | 11.2% | -39.5% | ||
| Q3 24 | 1.2% | -49.6% | ||
| Q2 24 | 3.8% | -39.2% | ||
| Q1 24 | -0.9% | -47.7% |
每股收益（稀释后）HBBRKLB
| Q4 25 | $1.37 | $-0.09 | ||
| Q3 25 | $0.12 | $-0.03 | ||
| Q2 25 | $0.33 | $-0.13 | ||
| Q1 25 | $0.13 | $-0.12 | ||
| Q4 24 | $1.72 | $-0.11 | ||
| Q3 24 | $0.14 | $-0.10 | ||
| Q2 24 | $0.42 | $-0.08 | ||
| Q1 24 | $-0.08 | $-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 | $47.3M | $1.0B |
| 总债务越低越好 | $50.0M | $152.4M |
| 股东权益账面价值 | $182.8M | $1.7B |
| 总资产 | $397.6M | $2.3B |
| 负债/权益比越低杠杆越低 | 0.27× | 0.09× |
8季度趋势，按日历期对齐
现金及短期投资HBBRKLB
| Q4 25 | $47.3M | $1.0B | ||
| Q3 25 | $17.2M | $976.7M | ||
| Q2 25 | $11.3M | $688.1M | ||
| Q1 25 | $48.3M | $428.4M | ||
| Q4 24 | $45.6M | $419.0M | ||
| Q3 24 | $22.6M | $442.4M | ||
| Q2 24 | $37.2M | $496.8M | ||
| Q1 24 | $26.3M | $492.5M |
总债务HBBRKLB
| Q4 25 | $50.0M | $152.4M | ||
| Q3 25 | — | $347.0M | ||
| Q2 25 | — | $346.5M | ||
| Q1 25 | — | $345.9M | ||
| Q4 24 | $50.0M | $345.4M | ||
| Q3 24 | — | $61.2M | ||
| Q2 24 | — | $64.2M | ||
| Q1 24 | — | $66.8M |
股东权益HBBRKLB
| Q4 25 | $182.8M | $1.7B | ||
| Q3 25 | $164.0M | $1.3B | ||
| Q2 25 | $164.0M | $688.5M | ||
| Q1 25 | $163.2M | $431.3M | ||
| Q4 24 | $165.9M | $382.5M | ||
| Q3 24 | $150.0M | $419.8M | ||
| Q2 24 | $145.7M | $455.2M | ||
| Q1 24 | $145.4M | $478.9M |
总资产HBBRKLB
| Q4 25 | $397.6M | $2.3B | ||
| Q3 25 | $392.4M | $2.2B | ||
| Q2 25 | $363.8M | $1.6B | ||
| Q1 25 | $418.0M | $1.3B | ||
| Q4 24 | $415.1M | $1.2B | ||
| Q3 24 | $408.7M | $1.2B | ||
| Q2 24 | $369.9M | $1.2B | ||
| Q1 24 | $368.9M | $1.2B |
负债/权益比HBBRKLB
| Q4 25 | 0.27× | 0.09× | ||
| Q3 25 | — | 0.27× | ||
| Q2 25 | — | 0.50× | ||
| Q1 25 | — | 0.80× | ||
| Q4 24 | 0.30× | 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 | $28.5M | $-64.5M |
| 自由现金流经营现金流 - 资本支出 | $27.9M | $-114.2M |
| 自由现金流率自由现金流/营收 | 13.1% | -63.6% |
| 资本支出强度资本支出/营收 | 0.3% | 27.6% |
| 现金转化率经营现金流/净利润 | 1.53× | — |
| 过去12个月自由现金流最近4个季度 | $11.0M | $-321.8M |
8季度趋势，按日历期对齐
经营现金流HBBRKLB
| Q4 25 | $28.5M | $-64.5M | ||
| Q3 25 | $9.1M | $-23.5M | ||
| Q2 25 | $-30.4M | $-23.2M | ||
| Q1 25 | $6.6M | $-54.2M | ||
| Q4 24 | $30.2M | $-2.4M | ||
| Q3 24 | $-1.9M | $-30.9M | ||
| Q2 24 | $17.4M | $-13.0M | ||
| Q1 24 | $19.7M | $-2.6M |
自由现金流HBBRKLB
| Q4 25 | $27.9M | $-114.2M | ||
| Q3 25 | $8.4M | $-69.4M | ||
| Q2 25 | $-31.3M | $-55.3M | ||
| Q1 25 | $6.1M | $-82.9M | ||
| Q4 24 | $29.4M | $-23.9M | ||
| Q3 24 | $-2.7M | $-41.9M | ||
| Q2 24 | $16.8M | $-28.3M | ||
| Q1 24 | $18.8M | $-21.8M |
自由现金流率HBBRKLB
| Q4 25 | 13.1% | -63.6% | ||
| Q3 25 | 6.3% | -44.8% | ||
| Q2 25 | -24.5% | -38.3% | ||
| Q1 25 | 4.6% | -67.6% | ||
| Q4 24 | 13.8% | -18.1% | ||
| Q3 24 | -1.7% | -40.0% | ||
| Q2 24 | 10.7% | -26.7% | ||
| Q1 24 | 14.6% | -23.5% |
资本支出强度HBBRKLB
| Q4 25 | 0.3% | 27.6% | ||
| Q3 25 | 0.6% | 29.6% | ||
| Q2 25 | 0.7% | 22.2% | ||
| Q1 25 | 0.4% | 23.4% | ||
| Q4 24 | 0.4% | 16.3% | ||
| Q3 24 | 0.5% | 10.5% | ||
| Q2 24 | 0.4% | 14.4% | ||
| Q1 24 | 0.7% | 20.7% |
现金转化率HBBRKLB
| Q4 25 | 1.53× | — | ||
| Q3 25 | 5.52× | — | ||
| Q2 25 | -6.83× | — | ||
| Q1 25 | 3.67× | — | ||
| Q4 24 | 1.26× | — | ||
| Q3 24 | -0.98× | — | ||
| Q2 24 | 2.90× | — | ||
| 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
HBB
| Consumer Product | $191.6M | 90% |
| Commercial Product | $17.5M | 8% |
| Health Beacon | $2.3M | 1% |
RKLB
| Products | $94.0M | 52% |
| Transferred Over Time | $87.3M | 49% |
