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Hilltop Holdings Inc.（HTH）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
Hilltop Holdings Inc.的季度营收约是Rocket Lab Corp的1.7倍（$300.5M vs $179.7M），Hilltop Holdings Inc.净利率更高（13.0% vs -29.5%，领先42.4%），过去两年Rocket Lab Corp的营收复合增速更高（39.2% vs 0.6%）
Hilltop Holdings Inc.是总部位于美国得克萨斯州达拉斯的金融控股公司，旗下拥有PlainsCapital Bank、PrimeLending与HilltopSecurities三大核心子公司，为客户提供多元金融产品及银行相关服务。
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。
HTH vs RKLB — 直观对比
营收规模更大
HTH
是对方的1.7倍
$179.7M
净利率更高
HTH
高出42.4%
-29.5%
两年增速更快
RKLB
近两年复合增速
0.6%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $300.5M | $179.7M |
| 净利润 | $39.0M | $-52.9M |
| 毛利率 | — | 38.0% |
| 营业利润率 | — | -28.4% |
| 净利率 | 13.0% | -29.5% |
| 营收同比 | — | 35.7% |
| 净利润同比 | -12.4% | -1.1% |
| 每股收益（稀释后） | $0.64 | $-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HTHRKLB
| Q1 26 | $300.5M | — | ||
| Q4 25 | $329.9M | $179.7M | ||
| Q3 25 | $330.2M | $155.1M | ||
| Q2 25 | $303.3M | $144.5M | ||
| Q1 25 | $318.5M | $122.6M | ||
| Q4 24 | $301.1M | $132.4M | ||
| Q3 24 | $305.5M | $104.8M | ||
| Q2 24 | $297.0M | $106.3M |
净利润HTHRKLB
| Q1 26 | $39.0M | — | ||
| Q4 25 | $41.6M | $-52.9M | ||
| Q3 25 | $45.8M | $-18.3M | ||
| Q2 25 | $36.1M | $-66.4M | ||
| Q1 25 | $42.1M | $-60.6M | ||
| Q4 24 | $35.5M | $-52.3M | ||
| Q3 24 | $29.7M | $-51.9M | ||
| Q2 24 | $20.3M | $-41.6M |
毛利率HTHRKLB
| Q1 26 | — | — | ||
| 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% |
营业利润率HTHRKLB
| Q1 26 | — | — | ||
| Q4 25 | 16.1% | -28.4% | ||
| Q3 25 | 18.4% | -38.0% | ||
| Q2 25 | 16.3% | -41.3% | ||
| Q1 25 | 18.1% | -48.3% | ||
| Q4 24 | 14.7% | -38.9% | ||
| Q3 24 | 13.9% | -49.5% | ||
| Q2 24 | 10.0% | -40.7% |
净利率HTHRKLB
| Q1 26 | 13.0% | — | ||
| Q4 25 | 12.6% | -29.5% | ||
| Q3 25 | 13.9% | -11.8% | ||
| Q2 25 | 11.9% | -46.0% | ||
| Q1 25 | 13.2% | -49.5% | ||
| Q4 24 | 11.8% | -39.5% | ||
| Q3 24 | 9.7% | -49.6% | ||
| Q2 24 | 6.8% | -39.2% |
每股收益（稀释后）HTHRKLB
| Q1 26 | $0.64 | — | ||
| Q4 25 | $0.68 | $-0.09 | ||
| Q3 25 | $0.74 | $-0.03 | ||
| Q2 25 | $0.57 | $-0.13 | ||
| Q1 25 | $0.65 | $-0.12 | ||
| Q4 24 | $0.55 | $-0.11 | ||
| Q3 24 | $0.46 | $-0.10 | ||
| Q2 24 | $0.31 | $-0.08 |
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 | — | $1.0B |
| 总债务越低越好 | $990.8M | $152.4M |
| 股东权益账面价值 | $2.2B | $1.7B |
| 总资产 | $15.7B | $2.3B |
| 负债/权益比越低杠杆越低 | 0.46× | 0.09× |
8季度趋势，按日历期对齐
现金及短期投资HTHRKLB
| Q1 26 | — | — | ||
| Q4 25 | — | $1.0B | ||
| Q3 25 | — | $976.7M | ||
| Q2 25 | — | $688.1M | ||
| Q1 25 | — | $428.4M | ||
| Q4 24 | — | $419.0M | ||
| Q3 24 | — | $442.4M | ||
| Q2 24 | — | $496.8M |
总债务HTHRKLB
| Q1 26 | $990.8M | — | ||
| 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 |
股东权益HTHRKLB
| Q1 26 | $2.2B | — | ||
| Q4 25 | $2.2B | $1.7B | ||
| Q3 25 | $2.2B | $1.3B | ||
| Q2 25 | $2.2B | $688.5M | ||
| Q1 25 | $2.2B | $431.3M | ||
| Q4 24 | $2.2B | $382.5M | ||
| Q3 24 | $2.2B | $419.8M | ||
| Q2 24 | $2.1B | $455.2M |
总资产HTHRKLB
| Q1 26 | $15.7B | — | ||
| Q4 25 | $15.8B | $2.3B | ||
| Q3 25 | $15.6B | $2.2B | ||
| Q2 25 | $15.4B | $1.6B | ||
| Q1 25 | $15.8B | $1.3B | ||
| Q4 24 | $16.3B | $1.2B | ||
| Q3 24 | $15.9B | $1.2B | ||
| Q2 24 | $15.6B | $1.2B |
负债/权益比HTHRKLB
| Q1 26 | 0.46× | — | ||
| 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× |
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 | — | $-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HTHRKLB
| Q1 26 | — | — | ||
| Q4 25 | $-38.7M | $-64.5M | ||
| Q3 25 | $273.0M | $-23.5M | ||
| Q2 25 | $-234.6M | $-23.2M | ||
| Q1 25 | $5.8M | $-54.2M | ||
| Q4 24 | $273.9M | $-2.4M | ||
| Q3 24 | $515.6M | $-30.9M | ||
| Q2 24 | $-435.3M | $-13.0M |
自由现金流HTHRKLB
| Q1 26 | — | — | ||
| Q4 25 | $-55.5M | $-114.2M | ||
| Q3 25 | $271.0M | $-69.4M | ||
| Q2 25 | $-234.6M | $-55.3M | ||
| Q1 25 | $5.0M | $-82.9M | ||
| Q4 24 | $266.8M | $-23.9M | ||
| Q3 24 | $513.8M | $-41.9M | ||
| Q2 24 | $-437.3M | $-28.3M |
自由现金流率HTHRKLB
| Q1 26 | — | — | ||
| Q4 25 | -16.8% | -63.6% | ||
| Q3 25 | 82.1% | -44.8% | ||
| Q2 25 | -77.4% | -38.3% | ||
| Q1 25 | 1.6% | -67.6% | ||
| Q4 24 | 88.6% | -18.1% | ||
| Q3 24 | 168.2% | -40.0% | ||
| Q2 24 | -147.2% | -26.7% |
资本支出强度HTHRKLB
| Q1 26 | — | — | ||
| Q4 25 | 5.1% | 27.6% | ||
| Q3 25 | 0.6% | 29.6% | ||
| Q2 25 | 0.0% | 22.2% | ||
| Q1 25 | 0.3% | 23.4% | ||
| Q4 24 | 2.4% | 16.3% | ||
| Q3 24 | 0.6% | 10.5% | ||
| Q2 24 | 0.7% | 14.4% |
现金转化率HTHRKLB
| Q1 26 | — | — | ||
| Q4 25 | -0.93× | — | ||
| Q3 25 | 5.96× | — | ||
| Q2 25 | -6.50× | — | ||
| Q1 25 | 0.14× | — | ||
| Q4 24 | 7.71× | — | ||
| Q3 24 | 17.36× | — | ||
| Q2 24 | -21.41× | — |
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
HTH
| Noninterest Income | $188.4M | 63% |
| Net Interest Income | $112.1M | 37% |
RKLB
| Products | $94.0M | 52% |
| Transferred Over Time | $87.3M | 49% |
