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Hudson Pacific Properties, Inc.（HPP）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
Hudson Pacific Properties, Inc.的季度营收约是Rocket Lab Corp的1.4倍（$256.0M vs $179.7M），Rocket Lab Corp净利率更高（-29.5% vs -109.4%，领先80.0%），Rocket Lab Corp同比增速更快（35.7% vs 22.1%），过去两年Rocket Lab Corp的营收复合增速更高（39.2% vs 9.4%）
哈德逊太平洋地产是一家房地产投资信托企业，持有1580万平方英尺办公楼、150万平方英尺摄影棚，同时拥有300万平方英尺商用物业的未开发权益，资产布局覆盖美国西海岸及温哥华，注册地位于马里兰州，总部设在洛杉矶，是洛杉矶当地规模最大的独立摄影棚运营商。
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。
HPP vs RKLB — 直观对比
营收规模更大
HPP
是对方的1.4倍
$179.7M
营收增速更快
RKLB
高出13.6%
22.1%
净利率更高
RKLB
高出80.0%
-109.4%
两年增速更快
RKLB
近两年复合增速
9.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $256.0M | $179.7M |
| 净利润 | $-280.2M | $-52.9M |
| 毛利率 | 60.0% | 38.0% |
| 营业利润率 | -109.8% | -28.4% |
| 净利率 | -109.4% | -29.5% |
| 营收同比 | 22.1% | 35.7% |
| 净利润同比 | -61.5% | -1.1% |
| 每股收益（稀释后） | $-11.57 | $-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HPPRKLB
| Q4 25 | $256.0M | $179.7M | ||
| Q3 25 | $186.6M | $155.1M | ||
| Q2 25 | $190.0M | $144.5M | ||
| Q1 25 | $198.5M | $122.6M | ||
| Q4 24 | $209.7M | $132.4M | ||
| Q3 24 | $200.4M | $104.8M | ||
| Q2 24 | $218.0M | $106.3M | ||
| Q1 24 | $214.0M | $92.8M |
净利润HPPRKLB
| Q4 25 | $-280.2M | $-52.9M | ||
| Q3 25 | $-144.1M | $-18.3M | ||
| Q2 25 | $-87.8M | $-66.4M | ||
| Q1 25 | $-80.3M | $-60.6M | ||
| Q4 24 | $-173.5M | $-52.3M | ||
| Q3 24 | $-107.0M | $-51.9M | ||
| Q2 24 | $-47.6M | $-41.6M | ||
| Q1 24 | $-53.4M | $-44.3M |
毛利率HPPRKLB
| Q4 25 | 60.0% | 38.0% | ||
| Q3 25 | 44.3% | 37.0% | ||
| Q2 25 | 43.1% | 32.1% | ||
| Q1 25 | 42.9% | 28.8% | ||
| Q4 24 | 44.7% | 27.8% | ||
| Q3 24 | 42.7% | 26.7% | ||
| Q2 24 | 48.0% | 25.6% | ||
| Q1 24 | 48.6% | 26.1% |
营业利润率HPPRKLB
| Q4 25 | -109.8% | -28.4% | ||
| Q3 25 | -77.2% | -38.0% | ||
| Q2 25 | -46.0% | -41.3% | ||
| Q1 25 | -40.4% | -48.3% | ||
| Q4 24 | -83.2% | -38.9% | ||
| Q3 24 | -52.3% | -49.5% | ||
| Q2 24 | -21.6% | -40.7% | ||
| Q1 24 | -24.9% | -46.4% |
净利率HPPRKLB
| Q4 25 | -109.4% | -29.5% | ||
| Q3 25 | -77.2% | -11.8% | ||
| Q2 25 | -46.2% | -46.0% | ||
| Q1 25 | -40.5% | -49.5% | ||
| Q4 24 | -82.7% | -39.5% | ||
| Q3 24 | -53.4% | -49.6% | ||
| Q2 24 | -21.8% | -39.2% | ||
| Q1 24 | -24.9% | -47.7% |
每股收益（稀释后）HPPRKLB
| Q4 25 | $-11.57 | $-0.09 | ||
| Q3 25 | $-0.30 | $-0.03 | ||
| Q2 25 | $-0.41 | $-0.13 | ||
| Q1 25 | $-0.53 | $-0.12 | ||
| Q4 24 | $-1.19 | $-0.11 | ||
| Q3 24 | $-0.69 | $-0.10 | ||
| Q2 24 | $-0.33 | $-0.08 | ||
| Q1 24 | $-0.37 | $-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 | $138.4M | $1.0B |
| 总债务越低越好 | — | $152.4M |
| 股东权益账面价值 | $3.0B | $1.7B |
| 总资产 | $7.3B | $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HPPRKLB
| Q4 25 | $138.4M | $1.0B | ||
| Q3 25 | $190.4M | $976.7M | ||
| Q2 25 | $236.0M | $688.1M | ||
| Q1 25 | $86.5M | $428.4M | ||
| Q4 24 | $63.3M | $419.0M | ||
| Q3 24 | $90.7M | $442.4M | ||
| Q2 24 | $78.5M | $496.8M | ||
| Q1 24 | $114.3M | $492.5M |
总债务HPPRKLB
| 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HPPRKLB
| Q4 25 | $3.0B | $1.7B | ||
| Q3 25 | $3.2B | $1.3B | ||
| Q2 25 | $3.4B | $688.5M | ||
| Q1 25 | $2.8B | $431.3M | ||
| Q4 24 | $2.9B | $382.5M | ||
| Q3 24 | $3.0B | $419.8M | ||
| Q2 24 | $3.1B | $455.2M | ||
| Q1 24 | $3.2B | $478.9M |
总资产HPPRKLB
| Q4 25 | $7.3B | $2.3B | ||
| Q3 25 | $7.8B | $2.2B | ||
| Q2 25 | $8.1B | $1.6B | ||
| Q1 25 | $8.0B | $1.3B | ||
| Q4 24 | $8.1B | $1.2B | ||
| Q3 24 | $8.3B | $1.2B | ||
| Q2 24 | $8.4B | $1.2B | ||
| Q1 24 | $8.3B | $1.2B |
负债/权益比HPPRKLB
| 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 | $121.0M | $-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 | — | — |
| 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HPPRKLB
| Q4 25 | $121.0M | $-64.5M | ||
| Q3 25 | $33.2M | $-23.5M | ||
| Q2 25 | $-2.0M | $-23.2M | ||
| Q1 25 | $30.5M | $-54.2M | ||
| Q4 24 | $164.7M | $-2.4M | ||
| Q3 24 | $63.7M | $-30.9M | ||
| Q2 24 | $35.6M | $-13.0M | ||
| Q1 24 | $65.1M | $-2.6M |
自由现金流HPPRKLB
| 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HPPRKLB
| 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HPPRKLB
| 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% |
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
HPP
| Core Office | $217.1M | 85% |
| Studio Segment | $21.8M | 9% |
| Ancillary Revenue | $20.2M | 8% |
| Chargebacks | $3.3M | 1% |
RKLB
| Products | $94.0M | 52% |
| Transferred Over Time | $87.3M | 49% |
