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ICHOR HOLDINGS, LTD.（ICHR）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
ICHOR HOLDINGS, LTD.的季度营收约是Rocket Lab Corp的1.2倍（$223.6M vs $179.7M），ICHOR HOLDINGS, LTD.净利率更高（-7.1% vs -29.5%，领先22.3%），Rocket Lab Corp同比增速更快（35.7% vs -4.2%），ICHOR HOLDINGS, LTD.自由现金流更多（$5.9M vs $-114.2M），过去两年Rocket Lab Corp的营收复合增速更高（39.2% vs 5.4%）
Ichor Holdings Ltd.是面向全球半导体制造领域的关键流体输送系统、子系统及相关组件的设计、制造供应商，产品集成于晶圆前端加工设备，为北美、东亚、欧洲的领先半导体设备与芯片厂商提供先进逻辑、存储芯片生产配套支持。
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。
ICHR vs RKLB — 直观对比
营收规模更大
ICHR
是对方的1.2倍
$179.7M
营收增速更快
RKLB
高出39.9%
-4.2%
净利率更高
ICHR
高出22.3%
-29.5%
自由现金流更多
ICHR
多$120.1M
$-114.2M
两年增速更快
RKLB
近两年复合增速
5.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $223.6M | $179.7M |
| 净利润 | $-16.0M | $-52.9M |
| 毛利率 | 9.4% | 38.0% |
| 营业利润率 | -6.2% | -28.4% |
| 净利率 | -7.1% | -29.5% |
| 营收同比 | -4.2% | 35.7% |
| 净利润同比 | -304.8% | -1.1% |
| 每股收益（稀释后） | $-0.46 | $-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ICHRRKLB
| Q4 25 | $223.6M | $179.7M | ||
| Q3 25 | $239.3M | $155.1M | ||
| Q2 25 | $240.3M | $144.5M | ||
| Q1 25 | $244.5M | $122.6M | ||
| Q4 24 | $233.3M | $132.4M | ||
| Q3 24 | $211.1M | $104.8M | ||
| Q2 24 | $203.2M | $106.3M | ||
| Q1 24 | $201.4M | $92.8M |
净利润ICHRRKLB
| Q4 25 | $-16.0M | $-52.9M | ||
| Q3 25 | $-22.9M | $-18.3M | ||
| Q2 25 | $-9.4M | $-66.4M | ||
| Q1 25 | $-4.6M | $-60.6M | ||
| Q4 24 | $-3.9M | $-52.3M | ||
| Q3 24 | $-2.8M | $-51.9M | ||
| Q2 24 | $-5.1M | $-41.6M | ||
| Q1 24 | $-9.0M | $-44.3M |
毛利率ICHRRKLB
| Q4 25 | 9.4% | 38.0% | ||
| Q3 25 | 4.6% | 37.0% | ||
| Q2 25 | 11.3% | 32.1% | ||
| Q1 25 | 11.7% | 28.8% | ||
| Q4 24 | 11.6% | 27.8% | ||
| Q3 24 | 13.2% | 26.7% | ||
| Q2 24 | 12.6% | 25.6% | ||
| Q1 24 | 11.4% | 26.1% |
营业利润率ICHRRKLB
| Q4 25 | -6.2% | -28.4% | ||
| Q3 25 | -8.1% | -38.0% | ||
| Q2 25 | -2.0% | -41.3% | ||
| Q1 25 | -0.5% | -48.3% | ||
| Q4 24 | -0.5% | -38.9% | ||
| Q3 24 | -0.2% | -49.5% | ||
| Q2 24 | -1.1% | -40.7% | ||
| Q1 24 | -1.9% | -46.4% |
净利率ICHRRKLB
| Q4 25 | -7.1% | -29.5% | ||
| Q3 25 | -9.6% | -11.8% | ||
| Q2 25 | -3.9% | -46.0% | ||
| Q1 25 | -1.9% | -49.5% | ||
| Q4 24 | -1.7% | -39.5% | ||
| Q3 24 | -1.3% | -49.6% | ||
| Q2 24 | -2.5% | -39.2% | ||
| Q1 24 | -4.5% | -47.7% |
每股收益（稀释后）ICHRRKLB
| Q4 25 | $-0.46 | $-0.09 | ||
| Q3 25 | $-0.67 | $-0.03 | ||
| Q2 25 | $-0.28 | $-0.13 | ||
| Q1 25 | $-0.13 | $-0.12 | ||
| Q4 24 | $-0.11 | $-0.11 | ||
| Q3 24 | $-0.08 | $-0.10 | ||
| Q2 24 | $-0.15 | $-0.08 | ||
| Q1 24 | $-0.30 | $-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 | $98.3M | $1.0B |
| 总债务越低越好 | $123.5M | $152.4M |
| 股东权益账面价值 | $663.9M | $1.7B |
| 总资产 | $942.9M | $2.3B |
| 负债/权益比越低杠杆越低 | 0.19× | 0.09× |
8季度趋势，按日历期对齐
现金及短期投资ICHRRKLB
| Q4 25 | $98.3M | $1.0B | ||
| Q3 25 | $92.5M | $976.7M | ||
| Q2 25 | $92.2M | $688.1M | ||
| Q1 25 | $109.3M | $428.4M | ||
| Q4 24 | $108.7M | $419.0M | ||
| Q3 24 | $116.4M | $442.4M | ||
| Q2 24 | $114.3M | $496.8M | ||
| Q1 24 | $102.1M | $492.5M |
总债务ICHRRKLB
| Q4 25 | $123.5M | $152.4M | ||
| Q3 25 | $123.5M | $347.0M | ||
| Q2 25 | $125.0M | $346.5M | ||
| Q1 25 | $126.8M | $345.9M | ||
| Q4 24 | $128.5M | $345.4M | ||
| Q3 24 | $130.3M | $61.2M | ||
| Q2 24 | $130.2M | $64.2M | ||
| Q1 24 | $131.9M | $66.8M |
股东权益ICHRRKLB
| Q4 25 | $663.9M | $1.7B | ||
| Q3 25 | $676.2M | $1.3B | ||
| Q2 25 | $694.1M | $688.5M | ||
| Q1 25 | $700.4M | $431.3M | ||
| Q4 24 | $698.3M | $382.5M | ||
| Q3 24 | $697.3M | $419.8M | ||
| Q2 24 | $694.9M | $455.2M | ||
| Q1 24 | $697.2M | $478.9M |
总资产ICHRRKLB
| Q4 25 | $942.9M | $2.3B | ||
| Q3 25 | $966.6M | $2.2B | ||
| Q2 25 | $985.1M | $1.6B | ||
| Q1 25 | $1.0B | $1.3B | ||
| Q4 24 | $995.6M | $1.2B | ||
| Q3 24 | $975.9M | $1.2B | ||
| Q2 24 | $947.7M | $1.2B | ||
| Q1 24 | $957.4M | $1.2B |
负债/权益比ICHRRKLB
| Q4 25 | 0.19× | 0.09× | ||
| Q3 25 | 0.18× | 0.27× | ||
| Q2 25 | 0.18× | 0.50× | ||
| Q1 25 | 0.18× | 0.80× | ||
| Q4 24 | 0.18× | 0.90× | ||
| Q3 24 | 0.19× | 0.15× | ||
| Q2 24 | 0.19× | 0.14× | ||
| Q1 24 | 0.19× | 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 | $9.2M | $-64.5M |
| 自由现金流经营现金流 - 资本支出 | $5.9M | $-114.2M |
| 自由现金流率自由现金流/营收 | 2.6% | -63.6% |
| 资本支出强度资本支出/营收 | 1.5% | 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 | $-6.3M | $-321.8M |
8季度趋势，按日历期对齐
经营现金流ICHRRKLB
| Q4 25 | $9.2M | $-64.5M | ||
| Q3 25 | $9.2M | $-23.5M | ||
| Q2 25 | $-7.5M | $-23.2M | ||
| Q1 25 | $19.0M | $-54.2M | ||
| Q4 24 | $-2.5M | $-2.4M | ||
| Q3 24 | $8.1M | $-30.9M | ||
| Q2 24 | $17.5M | $-13.0M | ||
| Q1 24 | $4.8M | $-2.6M |
自由现金流ICHRRKLB
| Q4 25 | $5.9M | $-114.2M | ||
| Q3 25 | $2.1M | $-69.4M | ||
| Q2 25 | $-14.8M | $-55.3M | ||
| Q1 25 | $496.0K | $-82.9M | ||
| Q4 24 | $-6.9M | $-23.9M | ||
| Q3 24 | $2.2M | $-41.9M | ||
| Q2 24 | $14.6M | $-28.3M | ||
| Q1 24 | $314.0K | $-21.8M |
自由现金流率ICHRRKLB
| Q4 25 | 2.6% | -63.6% | ||
| Q3 25 | 0.9% | -44.8% | ||
| Q2 25 | -6.2% | -38.3% | ||
| Q1 25 | 0.2% | -67.6% | ||
| Q4 24 | -3.0% | -18.1% | ||
| Q3 24 | 1.0% | -40.0% | ||
| Q2 24 | 7.2% | -26.7% | ||
| Q1 24 | 0.2% | -23.5% |
资本支出强度ICHRRKLB
| Q4 25 | 1.5% | 27.6% | ||
| Q3 25 | 3.0% | 29.6% | ||
| Q2 25 | 3.0% | 22.2% | ||
| Q1 25 | 7.6% | 23.4% | ||
| Q4 24 | 1.9% | 16.3% | ||
| Q3 24 | 2.8% | 10.5% | ||
| Q2 24 | 1.4% | 14.4% | ||
| Q1 24 | 2.2% | 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
ICHR
| Other | $101.6M | 45% |
| US | $67.4M | 30% |
| Other Countries | $29.7M | 13% |
| Europe | $24.9M | 11% |
RKLB
| Products | $94.0M | 52% |
| Transferred Over Time | $87.3M | 49% |
