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JBG SMITH Properties（JBGS）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JBG SMITH Properties的1.4倍（$179.7M vs $127.6M），Rocket Lab Corp净利率更高（-29.5% vs -35.7%，领先6.2%），Rocket Lab Corp同比增速更快（35.7% vs -2.5%），过去两年Rocket Lab Corp的营收复合增速更高（39.2% vs -6.3%）
JBG SMITH Properties是一家总部位于马里兰州贝塞斯达的上市房地产投资信托公司，专注于持有并运营房地产资产，是美国商业地产领域的专业运营机构，面向市场提供多元化的不动产投资与管理服务。
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。
JBGS vs RKLB — 直观对比
营收规模更大
RKLB
是对方的1.4倍
$127.6M
营收增速更快
RKLB
高出38.2%
-2.5%
净利率更高
RKLB
高出6.2%
-35.7%
两年增速更快
RKLB
近两年复合增速
-6.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $127.6M | $179.7M |
| 净利润 | $-45.5M | $-52.9M |
| 毛利率 | — | 38.0% |
| 营业利润率 | -47.5% | -28.4% |
| 净利率 | -35.7% | -29.5% |
| 营收同比 | -2.5% | 35.7% |
| 净利润同比 | 24.0% | -1.1% |
| 每股收益（稀释后） | $-0.76 | $-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JBGSRKLB
| Q4 25 | $127.6M | $179.7M | ||
| Q3 25 | $123.9M | $155.1M | ||
| Q2 25 | $126.5M | $144.5M | ||
| Q1 25 | $120.7M | $122.6M | ||
| Q4 24 | $130.8M | $132.4M | ||
| Q3 24 | $136.0M | $104.8M | ||
| Q2 24 | $135.3M | $106.3M | ||
| Q1 24 | $145.2M | $92.8M |
净利润JBGSRKLB
| Q4 25 | $-45.5M | $-52.9M | ||
| Q3 25 | $-28.6M | $-18.3M | ||
| Q2 25 | $-19.2M | $-66.4M | ||
| Q1 25 | $-45.7M | $-60.6M | ||
| Q4 24 | $-59.9M | $-52.3M | ||
| Q3 24 | $-27.0M | $-51.9M | ||
| Q2 24 | $-24.4M | $-41.6M | ||
| Q1 24 | $-32.3M | $-44.3M |
毛利率JBGSRKLB
| 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JBGSRKLB
| Q4 25 | -47.5% | -28.4% | ||
| Q3 25 | -27.5% | -38.0% | ||
| Q2 25 | -18.4% | -41.3% | ||
| Q1 25 | -44.7% | -48.3% | ||
| Q4 24 | -53.6% | -38.9% | ||
| Q3 24 | -22.4% | -49.5% | ||
| Q2 24 | -24.3% | -40.7% | ||
| Q1 24 | -30.1% | -46.4% |
净利率JBGSRKLB
| Q4 25 | -35.7% | -29.5% | ||
| Q3 25 | -23.1% | -11.8% | ||
| Q2 25 | -15.2% | -46.0% | ||
| Q1 25 | -37.9% | -49.5% | ||
| Q4 24 | -45.8% | -39.5% | ||
| Q3 24 | -19.8% | -49.6% | ||
| Q2 24 | -18.0% | -39.2% | ||
| Q1 24 | -22.2% | -47.7% |
每股收益（稀释后）JBGSRKLB
| Q4 25 | $-0.76 | $-0.09 | ||
| Q3 25 | $-0.48 | $-0.03 | ||
| Q2 25 | $-0.29 | $-0.13 | ||
| Q1 25 | $-0.56 | $-0.12 | ||
| Q4 24 | $-0.70 | $-0.11 | ||
| Q3 24 | $-0.32 | $-0.10 | ||
| Q2 24 | $-0.27 | $-0.08 | ||
| Q1 24 | $-0.36 | $-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 | $75.3M | $1.0B |
| 总债务越低越好 | — | $152.4M |
| 股东权益账面价值 | $1.2B | $1.7B |
| 总资产 | $4.4B | $2.3B |
| 负债/权益比越低杠杆越低 | — | 0.09× |
8季度趋势，按日历期对齐
现金及短期投资JBGSRKLB
| Q4 25 | $75.3M | $1.0B | ||
| Q3 25 | $64.4M | $976.7M | ||
| Q2 25 | $61.4M | $688.1M | ||
| Q1 25 | $81.3M | $428.4M | ||
| Q4 24 | $145.8M | $419.0M | ||
| Q3 24 | $137.0M | $442.4M | ||
| Q2 24 | $163.5M | $496.8M | ||
| Q1 24 | $220.5M | $492.5M |
总债务JBGSRKLB
| 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 | ||
| Q1 24 | — | $66.8M |
股东权益JBGSRKLB
| Q4 25 | $1.2B | $1.7B | ||
| Q3 25 | $1.2B | $1.3B | ||
| Q2 25 | $1.3B | $688.5M | ||
| Q1 25 | $1.6B | $431.3M | ||
| Q4 24 | $1.8B | $382.5M | ||
| Q3 24 | $1.9B | $419.8M | ||
| Q2 24 | $2.0B | $455.2M | ||
| Q1 24 | $2.1B | $478.9M |
总资产JBGSRKLB
| Q4 25 | $4.4B | $2.3B | ||
| Q3 25 | $4.4B | $2.2B | ||
| Q2 25 | $4.5B | $1.6B | ||
| Q1 25 | $4.7B | $1.3B | ||
| Q4 24 | $5.0B | $1.2B | ||
| Q3 24 | $5.2B | $1.2B | ||
| Q2 24 | $5.3B | $1.2B | ||
| Q1 24 | $5.4B | $1.2B |
负债/权益比JBGSRKLB
| 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× | ||
| Q1 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 | $73.3M | $-64.5M |
| 自由现金流经营现金流 - 资本支出 | — | $-114.2M |
| 自由现金流率自由现金流/营收 | — | -63.6% |
| 资本支出强度资本支出/营收 | — | 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 | — | $-321.8M |
8季度趋势，按日历期对齐
经营现金流JBGSRKLB
| Q4 25 | $73.3M | $-64.5M | ||
| Q3 25 | $8.9M | $-23.5M | ||
| Q2 25 | $18.8M | $-23.2M | ||
| Q1 25 | $12.9M | $-54.2M | ||
| Q4 24 | $129.4M | $-2.4M | ||
| Q3 24 | $26.4M | $-30.9M | ||
| Q2 24 | $23.8M | $-13.0M | ||
| Q1 24 | $37.0M | $-2.6M |
自由现金流JBGSRKLB
| Q4 25 | — | $-114.2M | ||
| Q3 25 | — | $-69.4M | ||
| Q2 25 | — | $-55.3M | ||
| Q1 25 | — | $-82.9M | ||
| Q4 24 | — | $-23.9M | ||
| Q3 24 | — | $-41.9M | ||
| Q2 24 | — | $-28.3M | ||
| Q1 24 | — | $-21.8M |
自由现金流率JBGSRKLB
| Q4 25 | — | -63.6% | ||
| Q3 25 | — | -44.8% | ||
| Q2 25 | — | -38.3% | ||
| Q1 25 | — | -67.6% | ||
| Q4 24 | — | -18.1% | ||
| Q3 24 | — | -40.0% | ||
| Q2 24 | — | -26.7% | ||
| Q1 24 | — | -23.5% |
资本支出强度JBGSRKLB
| Q4 25 | — | 27.6% | ||
| Q3 25 | — | 29.6% | ||
| Q2 25 | — | 22.2% | ||
| Q1 25 | — | 23.4% | ||
| Q4 24 | — | 16.3% | ||
| Q3 24 | — | 10.5% | ||
| Q2 24 | — | 14.4% | ||
| Q1 24 | — | 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
JBGS
暂无分部数据
RKLB
| Products | $94.0M | 52% |
| Transferred Over Time | $87.3M | 49% |
