vs
赫氏（HXL）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
赫氏的季度营收约是Rocket Lab Corp的2.5倍（$501.5M vs $200.3M），赫氏净利率更高（7.4% vs -22.5%，领先29.9%），Rocket Lab Corp同比增速更快（63.5% vs 9.9%），过去两年Rocket Lab Corp的营收复合增速更高（37.3% vs 0.1%）
赫氏是总部位于美国康涅狄格州斯坦福德的上市工业材料企业，专注于结构材料的研发与生产，由加州增强塑料公司、汽巴复合材料业务、赫克力士复合材料产品部门合并组建。其产品覆盖商用、军工、休闲等市场，广泛应用于军民飞机、航天运载火箭、卫星、风电叶片、运动器材等领域。
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。
HXL vs RKLB — 直观对比
营收规模更大
HXL
是对方的2.5倍
$200.3M
营收增速更快
RKLB
高出53.6%
9.9%
净利率更高
HXL
高出29.9%
-22.5%
两年增速更快
RKLB
近两年复合增速
0.1%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $501.5M | $200.3M |
| 净利润 | $37.2M | $-45.0M |
| 毛利率 | 26.9% | 38.2% |
| 营业利润率 | 11.5% | 33.9% |
| 净利率 | 7.4% | -22.5% |
| 营收同比 | 9.9% | 63.5% |
| 净利润同比 | 28.7% | — |
| 每股收益（稀释后） | $0.49 | — |
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HXLRKLB
| Q1 26 | $501.5M | $200.3M | ||
| Q4 25 | $491.3M | $179.7M | ||
| Q3 25 | $456.2M | $155.1M | ||
| Q2 25 | $489.9M | $144.5M | ||
| Q1 25 | $456.5M | $122.6M | ||
| Q4 24 | $473.8M | $132.4M | ||
| Q3 24 | $456.5M | $104.8M | ||
| Q2 24 | $500.4M | $106.3M |
净利润HXLRKLB
| Q1 26 | $37.2M | $-45.0M | ||
| Q4 25 | $46.4M | $-52.9M | ||
| Q3 25 | $20.6M | $-18.3M | ||
| Q2 25 | $13.5M | $-66.4M | ||
| Q1 25 | $28.9M | $-60.6M | ||
| Q4 24 | $5.8M | $-52.3M | ||
| Q3 24 | $39.8M | $-51.9M | ||
| Q2 24 | $50.0M | $-41.6M |
毛利率HXLRKLB
| Q1 26 | 26.9% | 38.2% | ||
| Q4 25 | 24.6% | 38.0% | ||
| Q3 25 | 21.9% | 37.0% | ||
| Q2 25 | 22.8% | 32.1% | ||
| Q1 25 | 22.4% | 28.8% | ||
| Q4 24 | 25.0% | 27.8% | ||
| Q3 24 | 23.3% | 26.7% | ||
| Q2 24 | 25.3% | 25.6% |
营业利润率HXLRKLB
| Q1 26 | 11.5% | 33.9% | ||
| Q4 25 | 12.5% | -28.4% | ||
| Q3 25 | 7.9% | -38.0% | ||
| Q2 25 | 6.1% | -41.3% | ||
| Q1 25 | 9.7% | -48.3% | ||
| Q4 24 | 1.9% | -38.9% | ||
| Q3 24 | 11.5% | -49.5% | ||
| Q2 24 | 14.3% | -40.7% |
净利率HXLRKLB
| Q1 26 | 7.4% | -22.5% | ||
| Q4 25 | 9.4% | -29.5% | ||
| Q3 25 | 4.5% | -11.8% | ||
| Q2 25 | 2.8% | -46.0% | ||
| Q1 25 | 6.3% | -49.5% | ||
| Q4 24 | 1.2% | -39.5% | ||
| Q3 24 | 8.7% | -49.6% | ||
| Q2 24 | 10.0% | -39.2% |
每股收益（稀释后）HXLRKLB
| Q1 26 | $0.49 | — | ||
| Q4 25 | — | $-0.09 | ||
| Q3 25 | — | $-0.03 | ||
| Q2 25 | — | $-0.13 | ||
| Q1 25 | — | $-0.12 | ||
| Q4 24 | — | $-0.11 | ||
| Q3 24 | — | $-0.10 | ||
| Q2 24 | — | $-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 | $54.1M | $1.2B |
| 总债务越低越好 | $998.1M | — |
| 股东权益账面价值 | $1.3B | $2.3B |
| 总资产 | $2.7B | $2.8B |
| 负债/权益比越低杠杆越低 | 0.79× | — |
8季度趋势，按日历期对齐
现金及短期投资HXLRKLB
| Q1 26 | $54.1M | $1.2B | ||
| Q4 25 | $71.0M | $1.0B | ||
| Q3 25 | $90.5M | $976.7M | ||
| Q2 25 | $77.2M | $688.1M | ||
| Q1 25 | $89.2M | $428.4M | ||
| Q4 24 | $125.4M | $419.0M | ||
| Q3 24 | $98.2M | $442.4M | ||
| Q2 24 | $75.4M | $496.8M |
总债务HXLRKLB
| Q1 26 | $998.1M | — | ||
| 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HXLRKLB
| Q1 26 | $1.3B | $2.3B | ||
| Q4 25 | $1.3B | $1.7B | ||
| Q3 25 | $1.6B | $1.3B | ||
| Q2 25 | $1.6B | $688.5M | ||
| Q1 25 | $1.5B | $431.3M | ||
| Q4 24 | $1.5B | $382.5M | ||
| Q3 24 | $1.6B | $419.8M | ||
| Q2 24 | $1.6B | $455.2M |
总资产HXLRKLB
| Q1 26 | $2.7B | $2.8B | ||
| Q4 25 | $2.7B | $2.3B | ||
| Q3 25 | $2.8B | $2.2B | ||
| Q2 25 | $2.8B | $1.6B | ||
| Q1 25 | $2.8B | $1.3B | ||
| Q4 24 | $2.7B | $1.2B | ||
| Q3 24 | $2.9B | $1.2B | ||
| Q2 24 | $2.8B | $1.2B |
负债/权益比HXLRKLB
| Q1 26 | 0.79× | — | ||
| 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 | — | $-50.3M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | 3.2% | — |
| 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 | — | — |
8季度趋势，按日历期对齐
经营现金流HXLRKLB
| Q1 26 | — | $-50.3M | ||
| Q4 25 | $125.5M | $-64.5M | ||
| Q3 25 | $110.2M | $-23.5M | ||
| Q2 25 | $23.3M | $-23.2M | ||
| Q1 25 | $-28.5M | $-54.2M | ||
| Q4 24 | $162.6M | $-2.4M | ||
| Q3 24 | $90.1M | $-30.9M | ||
| Q2 24 | $44.2M | $-13.0M |
自由现金流HXLRKLB
| Q1 26 | — | — | ||
| Q4 25 | $107.3M | $-114.2M | ||
| Q3 25 | $96.5M | $-69.4M | ||
| Q2 25 | $8.0M | $-55.3M | ||
| Q1 25 | $-54.6M | $-82.9M | ||
| Q4 24 | $144.0M | $-23.9M | ||
| Q3 24 | $73.3M | $-41.9M | ||
| Q2 24 | $21.3M | $-28.3M |
自由现金流率HXLRKLB
| Q1 26 | — | — | ||
| Q4 25 | 21.8% | -63.6% | ||
| Q3 25 | 21.2% | -44.8% | ||
| Q2 25 | 1.6% | -38.3% | ||
| Q1 25 | -12.0% | -67.6% | ||
| Q4 24 | 30.4% | -18.1% | ||
| Q3 24 | 16.1% | -40.0% | ||
| Q2 24 | 4.3% | -26.7% |
资本支出强度HXLRKLB
| Q1 26 | 3.2% | — | ||
| Q4 25 | 3.7% | 27.6% | ||
| Q3 25 | 3.0% | 29.6% | ||
| Q2 25 | 3.1% | 22.2% | ||
| Q1 25 | 5.7% | 23.4% | ||
| Q4 24 | 3.9% | 16.3% | ||
| Q3 24 | 3.7% | 10.5% | ||
| Q2 24 | 4.6% | 14.4% |
现金转化率HXLRKLB
| Q1 26 | — | — | ||
| Q4 25 | 2.70× | — | ||
| Q3 25 | 5.35× | — | ||
| Q2 25 | 1.73× | — | ||
| Q1 25 | -0.99× | — | ||
| Q4 24 | 28.03× | — | ||
| Q3 24 | 2.26× | — | ||
| Q2 24 | 0.88× | — |
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
HXL
暂无分部数据
RKLB
| Product revenues | $127.5M | 64% |
| Service revenues | $72.9M | 36% |
