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IBEX Ltd（IBEX）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IBEX Ltd的1.1倍（$179.7M vs $164.2M），IBEX Ltd净利率更高（7.4% vs -29.5%，领先36.9%），Rocket Lab Corp同比增速更快（35.7% vs 16.7%），IBEX Ltd自由现金流更多（$-5.1M vs $-114.2M），过去两年Rocket Lab Corp的营收复合增速更高（39.2% vs 13.8%）
IBEX 35是西班牙主要交易所马德里证券交易所的基准股票指数，该指数始创于1992年，由西班牙证券市场集团BME旗下的交易所公司负责计算与管理。它以市值加权编制，涵盖马德里证券交易所流动性最高的35只西班牙股票，每年进行两次成分股调整。
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。
IBEX vs RKLB — 直观对比
营收规模更大
RKLB
是对方的1.1倍
$164.2M
营收增速更快
RKLB
高出19.0%
16.7%
净利率更高
IBEX
高出36.9%
-29.5%
自由现金流更多
IBEX
多$109.1M
$-114.2M
两年增速更快
RKLB
近两年复合增速
13.8%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $164.2M | $179.7M |
| 净利润 | $12.2M | $-52.9M |
| 毛利率 | — | 38.0% |
| 营业利润率 | 9.3% | -28.4% |
| 净利率 | 7.4% | -29.5% |
| 营收同比 | 16.7% | 35.7% |
| 净利润同比 | 31.8% | -1.1% |
| 每股收益（稀释后） | $0.83 | $-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IBEXRKLB
| Q4 25 | $164.2M | $179.7M | ||
| Q3 25 | $151.2M | $155.1M | ||
| Q2 25 | $147.1M | $144.5M | ||
| Q1 25 | $140.7M | $122.6M | ||
| Q4 24 | $140.7M | $132.4M | ||
| Q3 24 | $129.7M | $104.8M | ||
| Q2 24 | $124.5M | $106.3M | ||
| Q1 24 | $126.8M | $92.8M |
净利润IBEXRKLB
| Q4 25 | $12.2M | $-52.9M | ||
| Q3 25 | $12.0M | $-18.3M | ||
| Q2 25 | $9.6M | $-66.4M | ||
| Q1 25 | $10.5M | $-60.6M | ||
| Q4 24 | $9.3M | $-52.3M | ||
| Q3 24 | $7.5M | $-51.9M | ||
| Q2 24 | $9.8M | $-41.6M | ||
| Q1 24 | $10.3M | $-44.3M |
毛利率IBEXRKLB
| 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 | — | 26.1% |
营业利润率IBEXRKLB
| Q4 25 | 9.3% | -28.4% | ||
| Q3 25 | 9.1% | -38.0% | ||
| Q2 25 | 8.3% | -41.3% | ||
| Q1 25 | 9.5% | -48.3% | ||
| Q4 24 | 8.5% | -38.9% | ||
| Q3 24 | 7.0% | -49.5% | ||
| Q2 24 | 10.3% | -40.7% | ||
| Q1 24 | 8.9% | -46.4% |
净利率IBEXRKLB
| Q4 25 | 7.4% | -29.5% | ||
| Q3 25 | 8.0% | -11.8% | ||
| Q2 25 | 6.5% | -46.0% | ||
| Q1 25 | 7.4% | -49.5% | ||
| Q4 24 | 6.6% | -39.5% | ||
| Q3 24 | 5.8% | -49.6% | ||
| Q2 24 | 7.9% | -39.2% | ||
| Q1 24 | 8.1% | -47.7% |
每股收益（稀释后）IBEXRKLB
| Q4 25 | $0.83 | $-0.09 | ||
| Q3 25 | $0.82 | $-0.03 | ||
| Q2 25 | $0.63 | $-0.13 | ||
| Q1 25 | $0.73 | $-0.12 | ||
| Q4 24 | $0.57 | $-0.11 | ||
| Q3 24 | $0.43 | $-0.10 | ||
| Q2 24 | $0.55 | $-0.08 | ||
| Q1 24 | $0.57 | $-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 | $15.5M | $1.0B |
| 总债务越低越好 | $594.0K | $152.4M |
| 股东权益账面价值 | $154.5M | $1.7B |
| 总资产 | $295.8M | $2.3B |
| 负债/权益比越低杠杆越低 | 0.00× | 0.09× |
8季度趋势，按日历期对齐
现金及短期投资IBEXRKLB
| Q4 25 | $15.5M | $1.0B | ||
| Q3 25 | $22.7M | $976.7M | ||
| Q2 25 | $15.3M | $688.1M | ||
| Q1 25 | $13.0M | $428.4M | ||
| Q4 24 | $20.2M | $419.0M | ||
| Q3 24 | $62.3M | $442.4M | ||
| Q2 24 | $62.7M | $496.8M | ||
| Q1 24 | $50.7M | $492.5M |
总债务IBEXRKLB
| Q4 25 | $594.0K | $152.4M | ||
| Q3 25 | $726.0K | $347.0M | ||
| Q2 25 | $796.0K | $346.5M | ||
| Q1 25 | $735.0K | $345.9M | ||
| Q4 24 | $695.0K | $345.4M | ||
| Q3 24 | $802.0K | $61.2M | ||
| Q2 24 | $867.0K | $64.2M | ||
| Q1 24 | $820.0K | $66.8M |
股东权益IBEXRKLB
| Q4 25 | $154.5M | $1.7B | ||
| Q3 25 | $143.6M | $1.3B | ||
| Q2 25 | $134.3M | $688.5M | ||
| Q1 25 | $124.2M | $431.3M | ||
| Q4 24 | $108.9M | $382.5M | ||
| Q3 24 | $171.1M | $419.8M | ||
| Q2 24 | $165.8M | $455.2M | ||
| Q1 24 | $159.3M | $478.9M |
总资产IBEXRKLB
| Q4 25 | $295.8M | $2.3B | ||
| Q3 25 | $283.9M | $2.2B | ||
| Q2 25 | $273.2M | $1.6B | ||
| Q1 25 | $274.7M | $1.3B | ||
| Q4 24 | $272.5M | $1.2B | ||
| Q3 24 | $306.3M | $1.2B | ||
| Q2 24 | $293.9M | $1.2B | ||
| Q1 24 | $289.6M | $1.2B |
负债/权益比IBEXRKLB
| Q4 25 | 0.00× | 0.09× | ||
| Q3 25 | 0.01× | 0.27× | ||
| Q2 25 | 0.01× | 0.50× | ||
| Q1 25 | 0.01× | 0.80× | ||
| Q4 24 | 0.01× | 0.90× | ||
| Q3 24 | 0.00× | 0.15× | ||
| Q2 24 | 0.01× | 0.14× | ||
| Q1 24 | 0.01× | 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 | $6.6M | $-64.5M |
| 自由现金流经营现金流 - 资本支出 | $-5.1M | $-114.2M |
| 自由现金流率自由现金流/营收 | -3.1% | -63.6% |
| 资本支出强度资本支出/营收 | 7.1% | 27.6% |
| 现金转化率经营现金流/净利润 | 0.54× | — |
| 过去12个月自由现金流最近4个季度 | $29.3M | $-321.8M |
8季度趋势，按日历期对齐
经营现金流IBEXRKLB
| Q4 25 | $6.6M | $-64.5M | ||
| Q3 25 | $15.7M | $-23.5M | ||
| Q2 25 | $27.9M | $-23.2M | ||
| Q1 25 | $8.8M | $-54.2M | ||
| Q4 24 | $1.1M | $-2.4M | ||
| Q3 24 | $7.8M | $-30.9M | ||
| Q2 24 | $17.4M | $-13.0M | ||
| Q1 24 | $11.4M | $-2.6M |
自由现金流IBEXRKLB
| Q4 25 | $-5.1M | $-114.2M | ||
| Q3 25 | $8.0M | $-69.4M | ||
| Q2 25 | $22.8M | $-55.3M | ||
| Q1 25 | $3.6M | $-82.9M | ||
| Q4 24 | $-3.2M | $-23.9M | ||
| Q3 24 | $4.1M | $-41.9M | ||
| Q2 24 | $15.2M | $-28.3M | ||
| Q1 24 | $9.7M | $-21.8M |
自由现金流率IBEXRKLB
| Q4 25 | -3.1% | -63.6% | ||
| Q3 25 | 5.3% | -44.8% | ||
| Q2 25 | 15.5% | -38.3% | ||
| Q1 25 | 2.5% | -67.6% | ||
| Q4 24 | -2.3% | -18.1% | ||
| Q3 24 | 3.2% | -40.0% | ||
| Q2 24 | 12.2% | -26.7% | ||
| Q1 24 | 7.7% | -23.5% |
资本支出强度IBEXRKLB
| Q4 25 | 7.1% | 27.6% | ||
| Q3 25 | 5.1% | 29.6% | ||
| Q2 25 | 3.5% | 22.2% | ||
| Q1 25 | 3.7% | 23.4% | ||
| Q4 24 | 3.1% | 16.3% | ||
| Q3 24 | 2.8% | 10.5% | ||
| Q2 24 | 1.8% | 14.4% | ||
| Q1 24 | 1.3% | 20.7% |
现金转化率IBEXRKLB
| Q4 25 | 0.54× | — | ||
| Q3 25 | 1.30× | — | ||
| Q2 25 | 2.91× | — | ||
| Q1 25 | 0.84× | — | ||
| Q4 24 | 0.12× | — | ||
| Q3 24 | 1.03× | — | ||
| Q2 24 | 1.77× | — | ||
| Q1 24 | 1.11× | — |
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
IBEX
| Transferred Over Time | $147.1M | 90% |
| Transferred At Point In Time | $17.1M | 10% |
RKLB
| Products | $94.0M | 52% |
| Transferred Over Time | $87.3M | 49% |
