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高德纳（IT）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.的季度营收约是高德纳的1.5倍（$2.7B vs $1.8B），高德纳净利率更高（13.8% vs 2.5%，领先11.3%），Rocket Companies, Inc.同比增速更快（52.2% vs 2.2%），高德纳自由现金流更多（$270.7M vs $-1.3B），过去两年Rocket Companies, Inc.的营收复合增速更高（39.5% vs 9.1%）
高德纳是美国专注于商业与科技领域的研究咨询机构，服务客户覆盖大型企业、政府机构、科技公司、投资机构等群体，通过输出研究报告、举办行业峰会、提供定制咨询等形式，为客户决策提供权威专业的洞见支撑。
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。
IT vs RKT — 直观对比
营收规模更大
RKT
是对方的1.5倍
$1.8B
营收增速更快
RKT
高出50.0%
2.2%
净利率更高
IT
高出11.3%
2.5%
自由现金流更多
IT
多$1.5B
$-1.3B
两年增速更快
RKT
近两年复合增速
9.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.8B | $2.7B |
| 净利润 | $242.2M | $68.0M |
| 毛利率 | 67.8% | — |
| 营业利润率 | 19.1% | 6.3% |
| 净利率 | 13.8% | 2.5% |
| 营收同比 | 2.2% | 52.2% |
| 净利润同比 | -39.2% | 100.8% |
| 每股收益（稀释后） | $3.36 | $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ITRKT
| Q4 25 | $1.8B | $2.7B | ||
| Q3 25 | $1.5B | $1.6B | ||
| Q2 25 | $1.7B | $1.4B | ||
| Q1 25 | $1.5B | $1.0B | ||
| Q4 24 | $1.7B | $1.8B | ||
| Q3 24 | $1.5B | $646.9M | ||
| Q2 24 | $1.6B | $1.3B | ||
| Q1 24 | $1.5B | $1.4B |
净利润ITRKT
| Q4 25 | $242.2M | $68.0M | ||
| Q3 25 | $35.4M | $-123.9M | ||
| Q2 25 | $240.8M | $-1.8M | ||
| Q1 25 | $210.9M | $-10.4M | ||
| Q4 24 | $398.6M | $33.9M | ||
| Q3 24 | $415.0M | $-22.0M | ||
| Q2 24 | $229.5M | $1.3M | ||
| Q1 24 | $210.5M | $16.2M |
毛利率ITRKT
| Q4 25 | 67.8% | — | ||
| Q3 25 | 69.3% | — | ||
| Q2 25 | 68.6% | — | ||
| Q1 25 | 69.4% | — | ||
| Q4 24 | 66.8% | 58.9% | ||
| Q3 24 | 68.4% | -8.4% | ||
| Q2 24 | 68.6% | 47.4% | ||
| Q1 24 | 69.4% | 51.2% |
营业利润率ITRKT
| Q4 25 | 19.1% | 6.3% | ||
| Q3 25 | 5.7% | -11.5% | ||
| Q2 25 | 19.4% | 1.8% | ||
| Q1 25 | 18.1% | -21.5% | ||
| Q4 24 | 18.5% | 38.1% | ||
| Q3 24 | 16.6% | -76.9% | ||
| Q2 24 | 20.0% | 14.8% | ||
| Q1 24 | 18.6% | 21.6% |
净利率ITRKT
| Q4 25 | 13.8% | 2.5% | ||
| Q3 25 | 2.3% | -7.7% | ||
| Q2 25 | 14.3% | -0.1% | ||
| Q1 25 | 13.7% | -1.0% | ||
| Q4 24 | 23.2% | 1.9% | ||
| Q3 24 | 28.0% | -3.4% | ||
| Q2 24 | 14.4% | 0.1% | ||
| Q1 24 | 14.3% | 1.2% |
每股收益（稀释后）ITRKT
| Q4 25 | $3.36 | $0.10 | ||
| Q3 25 | $0.47 | $-0.06 | ||
| Q2 25 | $3.11 | $-0.01 | ||
| Q1 25 | $2.71 | $-0.08 | ||
| Q4 24 | $5.08 | $0.28 | ||
| Q3 24 | $5.32 | $-0.19 | ||
| Q2 24 | $2.93 | $0.01 | ||
| Q1 24 | $2.67 | $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 | $1.7B | $2.7B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $319.9M | $22.9B |
| 总资产 | $8.1B | $60.7B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资ITRKT
| Q4 25 | $1.7B | $2.7B | ||
| Q3 25 | $1.4B | $5.8B | ||
| Q2 25 | $2.2B | $5.1B | ||
| Q1 25 | $2.1B | $1.4B | ||
| Q4 24 | $1.9B | $1.3B | ||
| Q3 24 | $1.8B | $1.2B | ||
| Q2 24 | $1.2B | $1.3B | ||
| Q1 24 | $1.2B | $861.4M |
股东权益ITRKT
| Q4 25 | $319.9M | $22.9B | ||
| Q3 25 | $556.6M | $8.9B | ||
| Q2 25 | $1.5B | $7.4B | ||
| Q1 25 | $1.5B | $8.6B | ||
| Q4 24 | $1.4B | $9.0B | ||
| Q3 24 | $1.1B | $8.4B | ||
| Q2 24 | $646.7M | $8.8B | ||
| Q1 24 | $718.2M | $8.6B |
总资产ITRKT
| Q4 25 | $8.1B | $60.7B | ||
| Q3 25 | $7.2B | $33.6B | ||
| Q2 25 | $8.3B | $30.4B | ||
| Q1 25 | $8.5B | $25.3B | ||
| Q4 24 | $8.5B | $24.5B | ||
| Q3 24 | $7.8B | $25.1B | ||
| Q2 24 | $7.4B | $23.6B | ||
| Q1 24 | $7.7B | $22.2B |
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 | $294.5M | $-1.2B |
| 自由现金流经营现金流 - 资本支出 | $270.7M | $-1.3B |
| 自由现金流率自由现金流/营收 | 15.4% | -47.2% |
| 资本支出强度资本支出/营收 | 1.4% | 1.5% |
| 现金转化率经营现金流/净利润 | 1.22× | -18.08× |
| 过去12个月自由现金流最近4个季度 | $1.2B | $-4.0B |
8季度趋势，按日历期对齐
经营现金流ITRKT
| Q4 25 | $294.5M | $-1.2B | ||
| Q3 25 | $298.7M | $-50.3M | ||
| Q2 25 | $383.6M | $-1.9B | ||
| Q1 25 | $313.5M | $-797.0M | ||
| Q4 24 | $335.4M | $1.8B | ||
| Q3 24 | $590.8M | $-1.3B | ||
| Q2 24 | $370.0M | $-122.3M | ||
| Q1 24 | $188.8M | $-3.0B |
自由现金流ITRKT
| Q4 25 | $270.7M | $-1.3B | ||
| Q3 25 | $269.3M | $-71.8M | ||
| Q2 25 | $347.3M | $-1.9B | ||
| Q1 25 | $287.9M | $-811.0M | ||
| Q4 24 | $311.4M | $1.8B | ||
| Q3 24 | $565.0M | $-1.4B | ||
| Q2 24 | $340.6M | $-138.3M | ||
| Q1 24 | $166.2M | $-3.0B |
自由现金流率ITRKT
| Q4 25 | 15.4% | -47.2% | ||
| Q3 25 | 17.7% | -4.5% | ||
| Q2 25 | 20.6% | -137.2% | ||
| Q1 25 | 18.8% | -78.2% | ||
| Q4 24 | 18.2% | 103.1% | ||
| Q3 24 | 38.1% | -209.6% | ||
| Q2 24 | 21.4% | -10.6% | ||
| Q1 24 | 11.3% | -218.7% |
资本支出强度ITRKT
| Q4 25 | 1.4% | 1.5% | ||
| Q3 25 | 1.9% | 1.3% | ||
| Q2 25 | 2.1% | 1.1% | ||
| Q1 25 | 1.7% | 1.4% | ||
| Q4 24 | 1.4% | 1.1% | ||
| Q3 24 | 1.7% | 2.9% | ||
| Q2 24 | 1.8% | 1.2% | ||
| Q1 24 | 1.5% | 1.0% |
现金转化率ITRKT
| Q4 25 | 1.22× | -18.08× | ||
| Q3 25 | 8.45× | — | ||
| Q2 25 | 1.59× | — | ||
| Q1 25 | 1.49× | — | ||
| Q4 24 | 0.84× | 54.42× | ||
| Q3 24 | 1.42× | — | ||
| Q2 24 | 1.61× | -94.46× | ||
| Q1 24 | 0.90× | -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
IT
| Transferred Over Time | $1.3B | 73% |
| Conferences | $286.2M | 16% |
| Consulting | $133.6M | 8% |
| Other | $52.3M | 3% |
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% |
