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HALLADOR ENERGY CO（HNRG）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HALLADOR ENERGY CO的1.8倍（$179.7M vs $101.9M），HALLADOR ENERGY CO净利率更高（-0.2% vs -29.5%，领先29.2%），Rocket Lab Corp同比增速更快（35.7% vs 8.9%），HALLADOR ENERGY CO自由现金流更多（$-16.8M vs $-114.2M），过去两年Rocket Lab Corp的营收复合增速更高（39.2% vs -4.4%）
Hallador能源公司是总部位于美国的能源企业，主要从事低硫煤炭生产及发电业务，覆盖北美市场，为公用事业、工业客户供应煤炭，同时向区域居民及商业用户提供电力服务。
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。
HNRG vs RKLB — 直观对比
营收规模更大
RKLB
是对方的1.8倍
$101.9M
营收增速更快
RKLB
高出26.8%
8.9%
净利率更高
HNRG
高出29.2%
-29.5%
自由现金流更多
HNRG
多$97.4M
$-114.2M
两年增速更快
RKLB
近两年复合增速
-4.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $101.9M | $179.7M |
| 净利润 | $-240.0K | $-52.9M |
| 毛利率 | — | 38.0% |
| 营业利润率 | 6.1% | -28.4% |
| 净利率 | -0.2% | -29.5% |
| 营收同比 | 8.9% | 35.7% |
| 净利润同比 | 99.9% | -1.1% |
| 每股收益（稀释后） | $-0.01 | $-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HNRGRKLB
| Q4 25 | $101.9M | $179.7M | ||
| Q3 25 | $146.8M | $155.1M | ||
| Q2 25 | $102.9M | $144.5M | ||
| Q1 25 | $117.8M | $122.6M | ||
| Q4 24 | $93.6M | $132.4M | ||
| Q3 24 | $105.2M | $104.8M | ||
| Q2 24 | $93.8M | $106.3M | ||
| Q1 24 | $111.6M | $92.8M |
净利润HNRGRKLB
| Q4 25 | $-240.0K | $-52.9M | ||
| Q3 25 | $23.9M | $-18.3M | ||
| Q2 25 | $8.2M | $-66.4M | ||
| Q1 25 | $10.0M | $-60.6M | ||
| Q4 24 | $-215.8M | $-52.3M | ||
| Q3 24 | $1.6M | $-51.9M | ||
| Q2 24 | $-10.2M | $-41.6M | ||
| Q1 24 | $-1.7M | $-44.3M |
毛利率HNRGRKLB
| 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 | 23.7% | 26.1% |
营业利润率HNRGRKLB
| Q4 25 | 6.1% | -28.4% | ||
| Q3 25 | 19.8% | -38.0% | ||
| Q2 25 | 11.5% | -41.3% | ||
| Q1 25 | 11.8% | -48.3% | ||
| Q4 24 | -233.5% | -38.9% | ||
| Q3 24 | 4.5% | -49.5% | ||
| Q2 24 | -7.8% | -40.7% | ||
| Q1 24 | 2.4% | -46.4% |
净利率HNRGRKLB
| Q4 25 | -0.2% | -29.5% | ||
| Q3 25 | 16.3% | -11.8% | ||
| Q2 25 | 8.0% | -46.0% | ||
| Q1 25 | 8.5% | -49.5% | ||
| Q4 24 | -230.5% | -39.5% | ||
| Q3 24 | 1.5% | -49.6% | ||
| Q2 24 | -10.9% | -39.2% | ||
| Q1 24 | -1.5% | -47.7% |
每股收益（稀释后）HNRGRKLB
| Q4 25 | $-0.01 | $-0.09 | ||
| Q3 25 | $0.55 | $-0.03 | ||
| Q2 25 | $0.19 | $-0.13 | ||
| Q1 25 | $0.23 | $-0.12 | ||
| Q4 24 | $-5.44 | $-0.11 | ||
| Q3 24 | $0.04 | $-0.10 | ||
| Q2 24 | $-0.27 | $-0.08 | ||
| Q1 24 | $-0.05 | $-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 | $10.1M | $1.0B |
| 总债务越低越好 | $29.7M | $152.4M |
| 股东权益账面价值 | $159.8M | $1.7B |
| 总资产 | $408.1M | $2.3B |
| 负债/权益比越低杠杆越低 | 0.19× | 0.09× |
8季度趋势，按日历期对齐
现金及短期投资HNRGRKLB
| Q4 25 | $10.1M | $1.0B | ||
| Q3 25 | $12.7M | $976.7M | ||
| Q2 25 | $9.2M | $688.1M | ||
| Q1 25 | $6.9M | $428.4M | ||
| Q4 24 | $7.2M | $419.0M | ||
| Q3 24 | $3.8M | $442.4M | ||
| Q2 24 | $6.4M | $496.8M | ||
| Q1 24 | $1.6M | $492.5M |
总债务HNRGRKLB
| Q4 25 | $29.7M | $152.4M | ||
| Q3 25 | $42.7M | $347.0M | ||
| Q2 25 | $43.1M | $346.5M | ||
| Q1 25 | $21.0M | $345.9M | ||
| Q4 24 | $41.5M | $345.4M | ||
| Q3 24 | $67.0M | $61.2M | ||
| Q2 24 | $42.7M | $64.2M | ||
| Q1 24 | $73.8M | $66.8M |
股东权益HNRGRKLB
| Q4 25 | $159.8M | $1.7B | ||
| Q3 25 | $146.2M | $1.3B | ||
| Q2 25 | $122.2M | $688.5M | ||
| Q1 25 | $115.3M | $431.3M | ||
| Q4 24 | $104.3M | $382.5M | ||
| Q3 24 | $318.8M | $419.8M | ||
| Q2 24 | $316.2M | $455.2M | ||
| Q1 24 | $283.9M | $478.9M |
总资产HNRGRKLB
| Q4 25 | $408.1M | $2.3B | ||
| Q3 25 | $409.5M | $2.2B | ||
| Q2 25 | $409.5M | $1.6B | ||
| Q1 25 | $366.1M | $1.3B | ||
| Q4 24 | $369.1M | $1.2B | ||
| Q3 24 | $579.7M | $1.2B | ||
| Q2 24 | $595.2M | $1.2B | ||
| Q1 24 | $585.4M | $1.2B |
负债/权益比HNRGRKLB
| Q4 25 | 0.19× | 0.09× | ||
| Q3 25 | 0.29× | 0.27× | ||
| Q2 25 | 0.35× | 0.50× | ||
| Q1 25 | 0.18× | 0.80× | ||
| Q4 24 | 0.40× | 0.90× | ||
| Q3 24 | 0.21× | 0.15× | ||
| Q2 24 | 0.13× | 0.14× | ||
| Q1 24 | 0.26× | 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 | $8.2M | $-64.5M |
| 自由现金流经营现金流 - 资本支出 | $-16.8M | $-114.2M |
| 自由现金流率自由现金流/营收 | -16.5% | -63.6% |
| 资本支出强度资本支出/营收 | 24.5% | 27.6% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $11.9M | $-321.8M |
8季度趋势，按日历期对齐
经营现金流HNRGRKLB
| Q4 25 | $8.2M | $-64.5M | ||
| Q3 25 | $23.2M | $-23.5M | ||
| Q2 25 | $11.4M | $-23.2M | ||
| Q1 25 | $38.4M | $-54.2M | ||
| Q4 24 | $38.9M | $-2.4M | ||
| Q3 24 | $-12.9M | $-30.9M | ||
| Q2 24 | $23.5M | $-13.0M | ||
| Q1 24 | $16.4M | $-2.6M |
自由现金流HNRGRKLB
| Q4 25 | $-16.8M | $-114.2M | ||
| Q3 25 | $3.7M | $-69.4M | ||
| Q2 25 | $-1.7M | $-55.3M | ||
| Q1 25 | $26.7M | $-82.9M | ||
| Q4 24 | $25.2M | $-23.9M | ||
| Q3 24 | $-24.5M | $-41.9M | ||
| Q2 24 | $10.4M | $-28.3M | ||
| Q1 24 | $1.5M | $-21.8M |
自由现金流率HNRGRKLB
| Q4 25 | -16.5% | -63.6% | ||
| Q3 25 | 2.5% | -44.8% | ||
| Q2 25 | -1.6% | -38.3% | ||
| Q1 25 | 22.7% | -67.6% | ||
| Q4 24 | 26.9% | -18.1% | ||
| Q3 24 | -23.3% | -40.0% | ||
| Q2 24 | 11.0% | -26.7% | ||
| Q1 24 | 1.3% | -23.5% |
资本支出强度HNRGRKLB
| Q4 25 | 24.5% | 27.6% | ||
| Q3 25 | 13.3% | 29.6% | ||
| Q2 25 | 12.7% | 22.2% | ||
| Q1 25 | 9.9% | 23.4% | ||
| Q4 24 | 14.7% | 16.3% | ||
| Q3 24 | 11.0% | 10.5% | ||
| Q2 24 | 14.0% | 14.4% | ||
| Q1 24 | 13.3% | 20.7% |
现金转化率HNRGRKLB
| Q4 25 | — | — | ||
| Q3 25 | 0.97× | — | ||
| Q2 25 | 1.38× | — | ||
| Q1 25 | 3.85× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | -8.31× | — | ||
| 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
HNRG
| Delivered Energy | $58.6M | 57% |
| Coal Sales | $29.1M | 29% |
| Coal Operations | $14.4M | 14% |
RKLB
| Products | $94.0M | 52% |
| Transferred Over Time | $87.3M | 49% |
