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金德摩根（KMI）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
金德摩根的季度营收约是Rocket Companies, Inc.的1.8倍（$4.8B vs $2.7B），金德摩根净利率更高（20.7% vs 2.5%，领先18.2%），Rocket Companies, Inc.同比增速更快（52.2% vs 13.8%），过去两年Rocket Companies, Inc.的营收复合增速更高（39.5% vs 22.6%）
金德摩根是北美规模最大的能源基础设施企业之一，核心业务为油气管道、能源储运终端的持有与运营管理，服务网络覆盖北美主要油气产区及消费市场，为能源产业提供稳定可靠的基础设施配套服务。
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。
KMI vs RKT — 直观对比
营收规模更大
KMI
是对方的1.8倍
$2.7B
营收增速更快
RKT
高出38.3%
13.8%
净利率更高
KMI
高出18.2%
2.5%
两年增速更快
RKT
近两年复合增速
22.6%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $4.8B | $2.7B |
| 净利润 | $1.0B | $68.0M |
| 毛利率 | — | — |
| 营业利润率 | 29.9% | 6.3% |
| 净利率 | 20.7% | 2.5% |
| 营收同比 | 13.8% | 52.2% |
| 净利润同比 | 34.7% | 100.8% |
| 每股收益（稀释后） | $0.44 | $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KMIRKT
| Q1 26 | $4.8B | — | ||
| Q4 25 | $4.0B | $2.7B | ||
| Q3 25 | $3.7B | $1.6B | ||
| Q2 25 | $3.6B | $1.4B | ||
| Q1 25 | $3.9B | $1.0B | ||
| Q4 24 | $3.6B | $1.8B | ||
| Q3 24 | $3.3B | $646.9M | ||
| Q2 24 | $3.2B | $1.3B |
净利润KMIRKT
| Q1 26 | $1.0B | — | ||
| Q4 25 | $996.0M | $68.0M | ||
| Q3 25 | $628.0M | $-123.9M | ||
| Q2 25 | $715.0M | $-1.8M | ||
| Q1 25 | $717.0M | $-10.4M | ||
| Q4 24 | $667.0M | $33.9M | ||
| Q3 24 | $625.0M | $-22.0M | ||
| Q2 24 | $575.0M | $1.3M |
毛利率KMIRKT
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 58.9% | ||
| Q3 24 | — | -8.4% | ||
| Q2 24 | — | 47.4% |
营业利润率KMIRKT
| Q1 26 | 29.9% | — | ||
| Q4 25 | 34.0% | 6.3% | ||
| Q3 25 | 28.6% | -11.5% | ||
| Q2 25 | 31.9% | 1.8% | ||
| Q1 25 | 29.6% | -21.5% | ||
| Q4 24 | 31.0% | 38.1% | ||
| Q3 24 | 30.9% | -76.9% | ||
| Q2 24 | 32.3% | 14.8% |
净利率KMIRKT
| Q1 26 | 20.7% | — | ||
| Q4 25 | 24.8% | 2.5% | ||
| Q3 25 | 16.9% | -7.7% | ||
| Q2 25 | 19.8% | -0.1% | ||
| Q1 25 | 18.6% | -1.0% | ||
| Q4 24 | 18.7% | 1.9% | ||
| Q3 24 | 19.0% | -3.4% | ||
| Q2 24 | 17.9% | 0.1% |
每股收益（稀释后）KMIRKT
| Q1 26 | $0.44 | — | ||
| Q4 25 | $0.45 | $0.10 | ||
| Q3 25 | $0.28 | $-0.06 | ||
| Q2 25 | $0.32 | $-0.01 | ||
| Q1 25 | $0.32 | $-0.08 | ||
| Q4 24 | $0.30 | $0.28 | ||
| Q3 24 | $0.28 | $-0.19 | ||
| Q2 24 | $0.26 | $0.01 |
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 | $72.0M | $2.7B |
| 总债务越低越好 | $31.9B | — |
| 股东权益账面价值 | $32.6B | $22.9B |
| 总资产 | $73.1B | $60.7B |
| 负债/权益比越低杠杆越低 | 0.98× | — |
8季度趋势，按日历期对齐
现金及短期投资KMIRKT
| Q1 26 | $72.0M | — | ||
| Q4 25 | $63.0M | $2.7B | ||
| Q3 25 | $71.0M | $5.8B | ||
| Q2 25 | $82.0M | $5.1B | ||
| Q1 25 | $80.0M | $1.4B | ||
| Q4 24 | $88.0M | $1.3B | ||
| Q3 24 | $108.0M | $1.2B | ||
| Q2 24 | $98.0M | $1.3B |
总债务KMIRKT
| Q1 26 | $31.9B | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益KMIRKT
| Q1 26 | $32.6B | — | ||
| Q4 25 | $31.2B | $22.9B | ||
| Q3 25 | $30.7B | $8.9B | ||
| Q2 25 | $30.8B | $7.4B | ||
| Q1 25 | $30.6B | $8.6B | ||
| Q4 24 | $30.5B | $9.0B | ||
| Q3 24 | $30.4B | $8.4B | ||
| Q2 24 | $30.3B | $8.8B |
总资产KMIRKT
| Q1 26 | $73.1B | — | ||
| Q4 25 | $72.7B | $60.7B | ||
| Q3 25 | $72.3B | $33.6B | ||
| Q2 25 | $72.4B | $30.4B | ||
| Q1 25 | $72.3B | $25.3B | ||
| Q4 24 | $71.4B | $24.5B | ||
| Q3 24 | $70.9B | $25.1B | ||
| Q2 24 | $70.7B | $23.6B |
负债/权益比KMIRKT
| Q1 26 | 0.98× | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | — | $-1.2B |
| 自由现金流经营现金流 - 资本支出 | — | $-1.3B |
| 自由现金流率自由现金流/营收 | — | -47.2% |
| 资本支出强度资本支出/营收 | 16.7% | 1.5% |
| 现金转化率经营现金流/净利润 | — | -18.08× |
| 过去12个月自由现金流最近4个季度 | — | $-4.0B |
8季度趋势，按日历期对齐
经营现金流KMIRKT
| Q1 26 | — | — | ||
| Q4 25 | $1.7B | $-1.2B | ||
| Q3 25 | $1.4B | $-50.3M | ||
| Q2 25 | $1.6B | $-1.9B | ||
| Q1 25 | $1.2B | $-797.0M | ||
| Q4 24 | $1.5B | $1.8B | ||
| Q3 24 | $1.2B | $-1.3B | ||
| Q2 24 | $1.7B | $-122.3M |
自由现金流KMIRKT
| Q1 26 | — | — | ||
| Q4 25 | $872.0M | $-1.3B | ||
| Q3 25 | $621.0M | $-71.8M | ||
| Q2 25 | $1.0B | $-1.9B | ||
| Q1 25 | $396.0M | $-811.0M | ||
| Q4 24 | $738.0M | $1.8B | ||
| Q3 24 | $592.0M | $-1.4B | ||
| Q2 24 | $1.1B | $-138.3M |
自由现金流率KMIRKT
| Q1 26 | — | — | ||
| Q4 25 | 21.7% | -47.2% | ||
| Q3 25 | 16.7% | -4.5% | ||
| Q2 25 | 27.8% | -137.2% | ||
| Q1 25 | 10.3% | -78.2% | ||
| Q4 24 | 20.7% | 103.1% | ||
| Q3 24 | 18.0% | -209.6% | ||
| Q2 24 | 34.4% | -10.6% |
资本支出强度KMIRKT
| Q1 26 | 16.7% | — | ||
| Q4 25 | 20.4% | 1.5% | ||
| Q3 25 | 21.3% | 1.3% | ||
| Q2 25 | 17.9% | 1.1% | ||
| Q1 25 | 19.8% | 1.4% | ||
| Q4 24 | 21.6% | 1.1% | ||
| Q3 24 | 20.0% | 2.9% | ||
| Q2 24 | 18.1% | 1.2% |
现金转化率KMIRKT
| Q1 26 | — | — | ||
| Q4 25 | 1.70× | -18.08× | ||
| Q3 25 | 2.25× | — | ||
| Q2 25 | 2.31× | — | ||
| Q1 25 | 1.62× | — | ||
| Q4 24 | 2.26× | 54.42× | ||
| Q3 24 | 2.00× | — | ||
| Q2 24 | 2.93× | -94.46× |
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
KMI
暂无分部数据
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% |
