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豪梅特航空航天（HWM）与Rocket Companies, Inc.（RKT）财务数据对比。点击上方公司名可切换其他公司
Rocket Companies, Inc.的季度营收约是豪梅特航空航天的1.2倍（$2.7B vs $2.2B），豪梅特航空航天净利率更高（17.2% vs 2.5%，领先14.6%），Rocket Companies, Inc.同比增速更快（52.2% vs 14.6%），豪梅特航空航天自由现金流更多（$530.0M vs $-1.3B），过去两年Rocket Companies, Inc.的营收复合增速更高（39.5% vs 9.0%）
豪梅特航空航天是总部位于美国宾夕法尼亚州匹兹堡的航空航天企业，专业生产喷气发动机零部件、航空紧固件、航空用钛合金结构件，同时为重型卡车供应高性能锻造铝轮产品。
Rocket Companies, Inc.是美国金融科技及住房服务企业，由丹·吉尔伯特创立，总部位于密歇根州底特律市中心。公司依托旗舰子公司Rocket Mortgage跻身美国最大抵押贷款提供商行列，旗下还拥有Redfin、Forsalebyowner.com、Rocket Money等子品牌。
HWM vs RKT — 直观对比
营收规模更大
RKT
是对方的1.2倍
$2.2B
营收增速更快
RKT
高出37.5%
14.6%
净利率更高
HWM
高出14.6%
2.5%
自由现金流更多
HWM
多$1.8B
$-1.3B
两年增速更快
RKT
近两年复合增速
9.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.2B | $2.7B |
| 净利润 | $372.0M | $68.0M |
| 毛利率 | — | — |
| 营业利润率 | 22.6% | 6.3% |
| 净利率 | 17.2% | 2.5% |
| 营收同比 | 14.6% | 52.2% |
| 净利润同比 | 18.5% | 100.8% |
| 每股收益（稀释后） | $0.92 | $0.10 |
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HWMRKT
| Q4 25 | $2.2B | $2.7B | ||
| Q3 25 | $2.1B | $1.6B | ||
| Q2 25 | $2.1B | $1.4B | ||
| Q1 25 | $1.9B | $1.0B | ||
| Q4 24 | $1.9B | $1.8B | ||
| Q3 24 | $1.8B | $646.9M | ||
| Q2 24 | $1.9B | $1.3B | ||
| Q1 24 | $1.8B | $1.4B |
净利润HWMRKT
| Q4 25 | $372.0M | $68.0M | ||
| Q3 25 | $385.0M | $-123.9M | ||
| Q2 25 | $407.0M | $-1.8M | ||
| Q1 25 | $344.0M | $-10.4M | ||
| Q4 24 | $314.0M | $33.9M | ||
| Q3 24 | $332.0M | $-22.0M | ||
| Q2 24 | $266.0M | $1.3M | ||
| Q1 24 | $243.0M | $16.2M |
毛利率HWMRKT
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 58.9% | ||
| Q3 24 | — | -8.4% | ||
| Q2 24 | — | 47.4% | ||
| Q1 24 | — | 51.2% |
营业利润率HWMRKT
| Q4 25 | 22.6% | 6.3% | ||
| Q3 25 | 25.9% | -11.5% | ||
| Q2 25 | 25.4% | 1.8% | ||
| Q1 25 | 25.4% | -21.5% | ||
| Q4 24 | 23.5% | 38.1% | ||
| Q3 24 | 22.9% | -76.9% | ||
| Q2 24 | 21.2% | 14.8% | ||
| Q1 24 | 20.2% | 21.6% |
净利率HWMRKT
| Q4 25 | 17.2% | 2.5% | ||
| Q3 25 | 18.4% | -7.7% | ||
| Q2 25 | 19.8% | -0.1% | ||
| Q1 25 | 17.7% | -1.0% | ||
| Q4 24 | 16.6% | 1.9% | ||
| Q3 24 | 18.1% | -3.4% | ||
| Q2 24 | 14.1% | 0.1% | ||
| Q1 24 | 13.3% | 1.2% |
每股收益（稀释后）HWMRKT
| Q4 25 | $0.92 | $0.10 | ||
| Q3 25 | $0.95 | $-0.06 | ||
| Q2 25 | $1.00 | $-0.01 | ||
| Q1 25 | $0.84 | $-0.08 | ||
| Q4 24 | $0.76 | $0.28 | ||
| Q3 24 | $0.81 | $-0.19 | ||
| Q2 24 | $0.65 | $0.01 | ||
| Q1 24 | $0.59 | $0.11 |
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 | $742.0M | $2.7B |
| 总债务越低越好 | $3.0B | — |
| 股东权益账面价值 | $5.4B | $22.9B |
| 总资产 | $11.2B | $60.7B |
| 负债/权益比越低杠杆越低 | 0.57× | — |
8季度趋势，按日历期对齐
现金及短期投资HWMRKT
| Q4 25 | $742.0M | $2.7B | ||
| Q3 25 | $659.0M | $5.8B | ||
| Q2 25 | $545.0M | $5.1B | ||
| Q1 25 | $536.0M | $1.4B | ||
| Q4 24 | $564.0M | $1.3B | ||
| Q3 24 | $475.0M | $1.2B | ||
| Q2 24 | $752.0M | $1.3B | ||
| Q1 24 | $533.0M | $861.4M |
总债务HWMRKT
| Q4 25 | $3.0B | — | ||
| Q3 25 | $3.2B | — | ||
| Q2 25 | $3.3B | — | ||
| Q1 25 | $3.3B | — | ||
| Q4 24 | $3.3B | — | ||
| Q3 24 | $3.4B | — | ||
| Q2 24 | $3.7B | — | ||
| Q1 24 | $3.7B | — |
股东权益HWMRKT
| Q4 25 | $5.4B | $22.9B | ||
| Q3 25 | $5.1B | $8.9B | ||
| Q2 25 | $5.0B | $7.4B | ||
| Q1 25 | $4.8B | $8.6B | ||
| Q4 24 | $4.6B | $9.0B | ||
| Q3 24 | $4.5B | $8.4B | ||
| Q2 24 | $4.3B | $8.8B | ||
| Q1 24 | $4.1B | $8.6B |
总资产HWMRKT
| Q4 25 | $11.2B | $60.7B | ||
| Q3 25 | $11.2B | $33.6B | ||
| Q2 25 | $11.0B | $30.4B | ||
| Q1 25 | $10.8B | $25.3B | ||
| Q4 24 | $10.5B | $24.5B | ||
| Q3 24 | $10.6B | $25.1B | ||
| Q2 24 | $10.7B | $23.6B | ||
| Q1 24 | $10.4B | $22.2B |
负债/权益比HWMRKT
| Q4 25 | 0.57× | — | ||
| Q3 25 | 0.62× | — | ||
| Q2 25 | 0.65× | — | ||
| Q1 25 | 0.69× | — | ||
| Q4 24 | 0.73× | — | ||
| Q3 24 | 0.75× | — | ||
| Q2 24 | 0.86× | — | ||
| Q1 24 | 0.90× | — |
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 | $654.0M | $-1.2B |
| 自由现金流经营现金流 - 资本支出 | $530.0M | $-1.3B |
| 自由现金流率自由现金流/营收 | 24.4% | -47.2% |
| 资本支出强度资本支出/营收 | 5.7% | 1.5% |
| 现金转化率经营现金流/净利润 | 1.76× | -18.08× |
| 过去12个月自由现金流最近4个季度 | $1.4B | $-4.0B |
8季度趋势，按日历期对齐
经营现金流HWMRKT
| Q4 25 | $654.0M | $-1.2B | ||
| Q3 25 | $531.0M | $-50.3M | ||
| Q2 25 | $446.0M | $-1.9B | ||
| Q1 25 | $253.0M | $-797.0M | ||
| Q4 24 | $480.0M | $1.8B | ||
| Q3 24 | $244.0M | $-1.3B | ||
| Q2 24 | $397.0M | $-122.3M | ||
| Q1 24 | $177.0M | $-3.0B |
自由现金流HWMRKT
| Q4 25 | $530.0M | $-1.3B | ||
| Q3 25 | $423.0M | $-71.8M | ||
| Q2 25 | $344.0M | $-1.9B | ||
| Q1 25 | $134.0M | $-811.0M | ||
| Q4 24 | $378.0M | $1.8B | ||
| Q3 24 | $162.0M | $-1.4B | ||
| Q2 24 | $342.0M | $-138.3M | ||
| Q1 24 | $95.0M | $-3.0B |
自由现金流率HWMRKT
| Q4 25 | 24.4% | -47.2% | ||
| Q3 25 | 20.2% | -4.5% | ||
| Q2 25 | 16.8% | -137.2% | ||
| Q1 25 | 6.9% | -78.2% | ||
| Q4 24 | 20.0% | 103.1% | ||
| Q3 24 | 8.8% | -209.6% | ||
| Q2 24 | 18.2% | -10.6% | ||
| Q1 24 | 5.2% | -218.7% |
资本支出强度HWMRKT
| Q4 25 | 5.7% | 1.5% | ||
| Q3 25 | 5.2% | 1.3% | ||
| Q2 25 | 5.0% | 1.1% | ||
| Q1 25 | 6.1% | 1.4% | ||
| Q4 24 | 5.4% | 1.1% | ||
| Q3 24 | 4.5% | 2.9% | ||
| Q2 24 | 2.9% | 1.2% | ||
| Q1 24 | 4.5% | 1.0% |
现金转化率HWMRKT
| Q4 25 | 1.76× | -18.08× | ||
| Q3 25 | 1.38× | — | ||
| Q2 25 | 1.10× | — | ||
| Q1 25 | 0.74× | — | ||
| Q4 24 | 1.53× | 54.42× | ||
| Q3 24 | 0.73× | — | ||
| Q2 24 | 1.49× | -94.46× | ||
| Q1 24 | 0.73× | -185.80× |
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
HWM
| Engine Products Segment | $1.2B | 54% |
| Fastening Systems | $454.0M | 21% |
| Forged Wheels | $264.0M | 12% |
| Aerospace Defense | $236.0M | 11% |
| Commercial Transportation | $46.0M | 2% |
RKT
| Other | $1.4B | 51% |
| Direct To Customer Segment | $945.8M | 35% |
| Partner Network Segment | $216.7M | 8% |
| Subscription Revenue | $91.3M | 3% |
| Closing Fees | $47.1M | 2% |
| Appraisal Revenue | $10.7M | 0% |
