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HCI Group, Inc.（HCI）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
HCI Group, Inc.的季度营收约是Rocket Lab Corp的1.4倍（$246.2M vs $179.7M），HCI Group, Inc.净利率更高（39.7% vs -29.5%，领先69.1%），HCI Group, Inc.同比增速更快（52.1% vs 35.7%），HCI Group, Inc.自由现金流更多（$440.8M vs $-114.2M），过去两年Rocket Lab Corp的营收复合增速更高（39.2% vs 9.2%）
HCI集团是一家总部位于美国华盛顿特区的私募股权投资公司，在伊利诺伊州芝加哥设有分支机构，专注于股权投资相关业务，为合作企业提供资本支持与运营赋能，助力企业实现长期发展目标。
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。
HCI vs RKLB — 直观对比
营收规模更大
HCI
是对方的1.4倍
$179.7M
营收增速更快
HCI
高出16.4%
35.7%
净利率更高
HCI
高出69.1%
-29.5%
自由现金流更多
HCI
多$555.0M
$-114.2M
两年增速更快
RKLB
近两年复合增速
9.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $246.2M | $179.7M |
| 净利润 | $97.7M | $-52.9M |
| 毛利率 | — | 38.0% |
| 营业利润率 | 58.5% | -28.4% |
| 净利率 | 39.7% | -29.5% |
| 营收同比 | 52.1% | 35.7% |
| 净利润同比 | 3679.2% | -1.1% |
| 每股收益（稀释后） | $7.29 | $-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HCIRKLB
| Q4 25 | $246.2M | $179.7M | ||
| Q3 25 | $216.3M | $155.1M | ||
| Q2 25 | $221.9M | $144.5M | ||
| Q1 25 | $216.4M | $122.6M | ||
| Q4 24 | $161.9M | $132.4M | ||
| Q3 24 | $175.3M | $104.8M | ||
| Q2 24 | $206.2M | $106.3M | ||
| Q1 24 | $206.6M | $92.8M |
净利润HCIRKLB
| Q4 25 | $97.7M | $-52.9M | ||
| Q3 25 | $65.5M | $-18.3M | ||
| Q2 25 | $66.2M | $-66.4M | ||
| Q1 25 | $69.7M | $-60.6M | ||
| Q4 24 | $2.6M | $-52.3M | ||
| Q3 24 | $5.7M | $-51.9M | ||
| Q2 24 | $54.1M | $-41.6M | ||
| Q1 24 | $47.6M | $-44.3M |
毛利率HCIRKLB
| 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HCIRKLB
| Q4 25 | 58.5% | -28.4% | ||
| Q3 25 | 41.9% | -38.0% | ||
| Q2 25 | 42.5% | -41.3% | ||
| Q1 25 | 46.4% | -48.3% | ||
| Q4 24 | 3.6% | -38.9% | ||
| Q3 24 | 8.0% | -49.5% | ||
| Q2 24 | 36.9% | -40.7% | ||
| Q1 24 | 37.5% | -46.4% |
净利率HCIRKLB
| Q4 25 | 39.7% | -29.5% | ||
| Q3 25 | 30.3% | -11.8% | ||
| Q2 25 | 29.8% | -46.0% | ||
| Q1 25 | 32.2% | -49.5% | ||
| Q4 24 | 1.6% | -39.5% | ||
| Q3 24 | 3.2% | -49.6% | ||
| Q2 24 | 26.2% | -39.2% | ||
| Q1 24 | 23.0% | -47.7% |
每股收益（稀释后）HCIRKLB
| Q4 25 | $7.29 | $-0.09 | ||
| Q3 25 | $4.90 | $-0.03 | ||
| Q2 25 | $5.18 | $-0.13 | ||
| Q1 25 | $5.35 | $-0.12 | ||
| Q4 24 | $0.32 | $-0.11 | ||
| Q3 24 | $0.52 | $-0.10 | ||
| Q2 24 | $4.24 | $-0.08 | ||
| Q1 24 | $3.81 | $-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 | $1.2B | $1.0B |
| 总债务越低越好 | — | $152.4M |
| 股东权益账面价值 | $1.0B | $1.7B |
| 总资产 | $2.5B | $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HCIRKLB
| Q4 25 | $1.2B | $1.0B | ||
| Q3 25 | $987.9M | $976.7M | ||
| Q2 25 | $947.2M | $688.1M | ||
| Q1 25 | $754.5M | $428.4M | ||
| Q4 24 | $532.5M | $419.0M | ||
| Q3 24 | $518.8M | $442.4M | ||
| Q2 24 | $445.8M | $496.8M | ||
| Q1 24 | $655.4M | $492.5M |
总债务HCIRKLB
| 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HCIRKLB
| Q4 25 | $1.0B | $1.7B | ||
| Q3 25 | $821.8M | $1.3B | ||
| Q2 25 | $758.6M | $688.5M | ||
| Q1 25 | $522.7M | $431.3M | ||
| Q4 24 | $453.3M | $382.5M | ||
| Q3 24 | $455.3M | $419.8M | ||
| Q2 24 | $447.3M | $455.2M | ||
| Q1 24 | $395.7M | $478.9M |
总资产HCIRKLB
| Q4 25 | $2.5B | $2.3B | ||
| Q3 25 | $2.3B | $2.2B | ||
| Q2 25 | $2.4B | $1.6B | ||
| Q1 25 | $2.3B | $1.3B | ||
| Q4 24 | $2.2B | $1.2B | ||
| Q3 24 | $2.0B | $1.2B | ||
| Q2 24 | $1.9B | $1.2B | ||
| Q1 24 | $1.8B | $1.2B |
负债/权益比HCIRKLB
| 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 | $444.4M | $-64.5M |
| 自由现金流经营现金流 - 资本支出 | $440.8M | $-114.2M |
| 自由现金流率自由现金流/营收 | 179.0% | -63.6% |
| 资本支出强度资本支出/营收 | 1.5% | 27.6% |
| 现金转化率经营现金流/净利润 | 4.55× | — |
| 过去12个月自由现金流最近4个季度 | $771.4M | $-321.8M |
8季度趋势，按日历期对齐
经营现金流HCIRKLB
| Q4 25 | $444.4M | $-64.5M | ||
| Q3 25 | $26.7M | $-23.5M | ||
| Q2 25 | $145.0M | $-23.2M | ||
| Q1 25 | $162.0M | $-54.2M | ||
| Q4 24 | $331.8M | $-2.4M | ||
| Q3 24 | $104.1M | $-30.9M | ||
| Q2 24 | $-29.0M | $-13.0M | ||
| Q1 24 | $182.0M | $-2.6M |
自由现金流HCIRKLB
| Q4 25 | $440.8M | $-114.2M | ||
| Q3 25 | $25.9M | $-69.4M | ||
| Q2 25 | $144.5M | $-55.3M | ||
| Q1 25 | $160.3M | $-82.9M | ||
| Q4 24 | $327.8M | $-23.9M | ||
| Q3 24 | $103.2M | $-41.9M | ||
| Q2 24 | $-30.1M | $-28.3M | ||
| Q1 24 | $181.0M | $-21.8M |
自由现金流率HCIRKLB
| Q4 25 | 179.0% | -63.6% | ||
| Q3 25 | 12.0% | -44.8% | ||
| Q2 25 | 65.1% | -38.3% | ||
| Q1 25 | 74.1% | -67.6% | ||
| Q4 24 | 202.5% | -18.1% | ||
| Q3 24 | 58.9% | -40.0% | ||
| Q2 24 | -14.6% | -26.7% | ||
| Q1 24 | 87.6% | -23.5% |
资本支出强度HCIRKLB
| Q4 25 | 1.5% | 27.6% | ||
| Q3 25 | 0.4% | 29.6% | ||
| Q2 25 | 0.2% | 22.2% | ||
| Q1 25 | 0.8% | 23.4% | ||
| Q4 24 | 2.5% | 16.3% | ||
| Q3 24 | 0.5% | 10.5% | ||
| Q2 24 | 0.5% | 14.4% | ||
| Q1 24 | 0.5% | 20.7% |
现金转化率HCIRKLB
| Q4 25 | 4.55× | — | ||
| Q3 25 | 0.41× | — | ||
| Q2 25 | 2.19× | — | ||
| Q1 25 | 2.32× | — | ||
| Q4 24 | 128.41× | — | ||
| Q3 24 | 18.33× | — | ||
| Q2 24 | -0.54× | — | ||
| Q1 24 | 3.82× | — |
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
HCI
| Insurance Operation | $218.3M | 89% |
| Reciprocal Exchange Operation | $27.0M | 11% |
RKLB
| Products | $94.0M | 52% |
| Transferred Over Time | $87.3M | 49% |
