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JOHNSON OUTDOORS INC（JOUT）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JOHNSON OUTDOORS INC的1.3倍（$179.7M vs $140.9M），JOHNSON OUTDOORS INC净利率更高（-2.3% vs -29.5%，领先27.1%），Rocket Lab Corp同比增速更快（35.7% vs 30.9%），JOHNSON OUTDOORS INC自由现金流更多（$-42.7M vs $-114.2M），过去两年Rocket Lab Corp的营收复合增速更高（39.2% vs -10.5%）
强生户外公司（Johnson Outdoors）主营水上载具、潜水装备、露营用具、户外服饰等户外休闲用品的研发生产，业务网点遍布全球24个地区，现有员工约1400人，年销售额超3.15亿美元，自1999年起由海伦·约翰逊-莱波尔德执掌公司。
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。
JOUT vs RKLB — 直观对比
营收规模更大
RKLB
是对方的1.3倍
$140.9M
营收增速更快
RKLB
高出4.8%
30.9%
净利率更高
JOUT
高出27.1%
-29.5%
自由现金流更多
JOUT
多$71.5M
$-114.2M
两年增速更快
RKLB
近两年复合增速
-10.5%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $140.9M | $179.7M |
| 净利润 | $-3.3M | $-52.9M |
| 毛利率 | 36.6% | 38.0% |
| 营业利润率 | -2.1% | -28.4% |
| 净利率 | -2.3% | -29.5% |
| 营收同比 | 30.9% | 35.7% |
| 净利润同比 | 78.4% | -1.1% |
| 每股收益（稀释后） | — | $-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JOUTRKLB
| Q1 26 | $140.9M | — | ||
| Q4 25 | $135.8M | $179.7M | ||
| Q3 25 | — | $155.1M | ||
| Q2 25 | $180.7M | $144.5M | ||
| Q1 25 | $168.3M | $122.6M | ||
| Q4 24 | $107.6M | $132.4M | ||
| Q3 24 | $105.9M | $104.8M | ||
| Q2 24 | $172.5M | $106.3M |
净利润JOUTRKLB
| Q1 26 | $-3.3M | — | ||
| Q4 25 | $-29.1M | $-52.9M | ||
| Q3 25 | — | $-18.3M | ||
| Q2 25 | $7.7M | $-66.4M | ||
| Q1 25 | $2.3M | $-60.6M | ||
| Q4 24 | $-15.3M | $-52.3M | ||
| Q3 24 | $-34.3M | $-51.9M | ||
| Q2 24 | $1.6M | $-41.6M |
毛利率JOUTRKLB
| Q1 26 | 36.6% | — | ||
| Q4 25 | 36.2% | 38.0% | ||
| Q3 25 | — | 37.0% | ||
| Q2 25 | 37.6% | 32.1% | ||
| Q1 25 | 35.0% | 28.8% | ||
| Q4 24 | 29.9% | 27.8% | ||
| Q3 24 | 23.5% | 26.7% | ||
| Q2 24 | 35.8% | 25.6% |
营业利润率JOUTRKLB
| Q1 26 | -2.1% | — | ||
| Q4 25 | -6.0% | -28.4% | ||
| Q3 25 | — | -38.0% | ||
| Q2 25 | 4.1% | -41.3% | ||
| Q1 25 | 2.9% | -48.3% | ||
| Q4 24 | -18.8% | -38.9% | ||
| Q3 24 | -40.4% | -49.5% | ||
| Q2 24 | -0.3% | -40.7% |
净利率JOUTRKLB
| Q1 26 | -2.3% | — | ||
| Q4 25 | -21.4% | -29.5% | ||
| Q3 25 | — | -11.8% | ||
| Q2 25 | 4.3% | -46.0% | ||
| Q1 25 | 1.4% | -49.5% | ||
| Q4 24 | -14.2% | -39.5% | ||
| Q3 24 | -32.4% | -49.6% | ||
| Q2 24 | 0.9% | -39.2% |
每股收益（稀释后）JOUTRKLB
| Q1 26 | — | — | ||
| 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 | $130.7M | $1.0B |
| 总债务越低越好 | $0 | $152.4M |
| 股东权益账面价值 | $413.5M | $1.7B |
| 总资产 | $600.1M | $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JOUTRKLB
| Q1 26 | $130.7M | — | ||
| Q4 25 | $176.4M | $1.0B | ||
| Q3 25 | — | $976.7M | ||
| Q2 25 | $161.0M | $688.1M | ||
| Q1 25 | $94.0M | $428.4M | ||
| Q4 24 | $101.6M | $419.0M | ||
| Q3 24 | $162.0M | $442.4M | ||
| Q2 24 | $148.4M | $496.8M |
总债务JOUTRKLB
| Q1 26 | $0 | — | ||
| Q4 25 | $0 | $152.4M | ||
| Q3 25 | — | $347.0M | ||
| Q2 25 | $0 | $346.5M | ||
| Q1 25 | $0 | $345.9M | ||
| Q4 24 | $0 | $345.4M | ||
| Q3 24 | $0 | $61.2M | ||
| Q2 24 | $0 | $64.2M |
股东权益JOUTRKLB
| Q1 26 | $413.5M | — | ||
| Q4 25 | $418.4M | $1.7B | ||
| Q3 25 | — | $1.3B | ||
| Q2 25 | $450.5M | $688.5M | ||
| Q1 25 | $441.1M | $431.3M | ||
| Q4 24 | $440.3M | $382.5M | ||
| Q3 24 | $463.4M | $419.8M | ||
| Q2 24 | $498.7M | $455.2M |
总资产JOUTRKLB
| Q1 26 | $600.1M | — | ||
| Q4 25 | $604.1M | $2.3B | ||
| Q3 25 | — | $2.2B | ||
| Q2 25 | $634.5M | $1.6B | ||
| Q1 25 | $624.5M | $1.3B | ||
| Q4 24 | $612.9M | $1.2B | ||
| Q3 24 | $635.2M | $1.2B | ||
| Q2 24 | $679.8M | $1.2B |
负债/权益比JOUTRKLB
| Q1 26 | 0.00× | — | ||
| Q4 25 | 0.00× | 0.09× | ||
| Q3 25 | — | 0.27× | ||
| Q2 25 | 0.00× | 0.50× | ||
| Q1 25 | 0.00× | 0.80× | ||
| Q4 24 | 0.00× | 0.90× | ||
| Q3 24 | 0.00× | 0.15× | ||
| Q2 24 | 0.00× | 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 | $-38.4M | $-64.5M |
| 自由现金流经营现金流 - 资本支出 | $-42.7M | $-114.2M |
| 自由现金流率自由现金流/营收 | -30.3% | -63.6% |
| 资本支出强度资本支出/营收 | 3.0% | 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 | $38.5M | $-321.8M |
8季度趋势，按日历期对齐
经营现金流JOUTRKLB
| Q1 26 | $-38.4M | — | ||
| Q4 25 | $23.4M | $-64.5M | ||
| Q3 25 | — | $-23.5M | ||
| Q2 25 | $71.4M | $-23.2M | ||
| Q1 25 | $-1.7M | $-54.2M | ||
| Q4 24 | $-36.9M | $-2.4M | ||
| Q3 24 | $19.1M | $-30.9M | ||
| Q2 24 | $73.7M | $-13.0M |
自由现金流JOUTRKLB
| Q1 26 | $-42.7M | — | ||
| Q4 25 | $19.2M | $-114.2M | ||
| Q3 25 | — | $-69.4M | ||
| Q2 25 | $66.9M | $-55.3M | ||
| Q1 25 | $-5.0M | $-82.9M | ||
| Q4 24 | $-41.0M | $-23.9M | ||
| Q3 24 | $13.5M | $-41.9M | ||
| Q2 24 | $67.4M | $-28.3M |
自由现金流率JOUTRKLB
| Q1 26 | -30.3% | — | ||
| Q4 25 | 14.2% | -63.6% | ||
| Q3 25 | — | -44.8% | ||
| Q2 25 | 37.0% | -38.3% | ||
| Q1 25 | -2.9% | -67.6% | ||
| Q4 24 | -38.1% | -18.1% | ||
| Q3 24 | 12.8% | -40.0% | ||
| Q2 24 | 39.1% | -26.7% |
资本支出强度JOUTRKLB
| Q1 26 | 3.0% | — | ||
| Q4 25 | 3.1% | 27.6% | ||
| Q3 25 | — | 29.6% | ||
| Q2 25 | 2.5% | 22.2% | ||
| Q1 25 | 2.0% | 23.4% | ||
| Q4 24 | 3.8% | 16.3% | ||
| Q3 24 | 5.3% | 10.5% | ||
| Q2 24 | 3.6% | 14.4% |
现金转化率JOUTRKLB
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 9.22× | — | ||
| Q1 25 | -0.72× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 45.41× | — |
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
JOUT
| Fishing Segment | $112.1M | 80% |
| Diving Segment | $18.0M | 13% |
| Camping Watercraft Recreation Segment | $10.6M | 8% |
RKLB
| Products | $94.0M | 52% |
| Transferred Over Time | $87.3M | 49% |
