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Karman Holdings Inc.（KRMN）与RCI HOSPITALITY HOLDINGS, INC.（RICK）财务数据对比。点击上方公司名可切换其他公司
Karman Holdings Inc.的季度营收约是RCI HOSPITALITY HOLDINGS, INC.的1.9倍（$134.5M vs $70.9M），Karman Holdings Inc.净利率更高（5.7% vs -7.8%，领先13.5%），Karman Holdings Inc.同比增速更快（47.4% vs -3.1%），RCI HOSPITALITY HOLDINGS, INC.自由现金流更多（$11.5M vs $4.0M），过去两年Karman Holdings Inc.的营收复合增速更高（27.3% vs -2.0%）
Karman Holdings是一家美国航天与防务系统制造商，总部位于加利福尼亚州亨廷顿海滩，当前估值约40亿美元，近期已完成首次公开发行，专注为航天及国防领域提供相关系统产品及配套服务。
RCI Hospitality控股通过子公司经营脱衣舞俱乐部、夜总会、运动酒吧与餐厅，同时还运营一家为成人俱乐部行业提供服务的传媒会展企业。公司于1995年完成首次公开募股上市，目前在纳斯达克全球市场挂牌交易。
KRMN vs RICK — 直观对比
营收规模更大
KRMN
是对方的1.9倍
$70.9M
营收增速更快
KRMN
高出50.6%
-3.1%
净利率更高
KRMN
高出13.5%
-7.8%
自由现金流更多
RICK
多$7.5M
$4.0M
两年增速更快
KRMN
近两年复合增速
-2.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $134.5M | $70.9M |
| 净利润 | $7.7M | $-5.5M |
| 毛利率 | 39.9% | — |
| 营业利润率 | 15.7% | -0.7% |
| 净利率 | 5.7% | -7.8% |
| 营收同比 | 47.4% | -3.1% |
| 净利润同比 | 358.3% | -2354.9% |
| 每股收益（稀释后） | $0.06 | $-0.60 |
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KRMNRICK
| Q4 25 | $134.5M | — | ||
| Q3 25 | $121.8M | $70.9M | ||
| Q2 25 | $115.1M | $71.1M | ||
| Q1 25 | $100.1M | $65.9M | ||
| Q4 24 | $91.2M | $71.5M | ||
| Q3 24 | $86.0M | $73.2M | ||
| Q2 24 | $85.0M | $76.2M | ||
| Q1 24 | $83.0M | $72.3M |
净利润KRMNRICK
| Q4 25 | $7.7M | — | ||
| Q3 25 | $7.6M | $-5.5M | ||
| Q2 25 | $6.8M | $4.1M | ||
| Q1 25 | $-4.8M | $3.2M | ||
| Q4 24 | $1.7M | $9.0M | ||
| Q3 24 | $4.3M | $244.0K | ||
| Q2 24 | $4.6M | $-5.2M | ||
| Q1 24 | $2.1M | $774.0K |
毛利率KRMNRICK
| Q4 25 | 39.9% | — | ||
| Q3 25 | 41.0% | — | ||
| Q2 25 | 40.9% | — | ||
| Q1 25 | 39.4% | — | ||
| Q4 24 | 38.1% | — | ||
| Q3 24 | 39.3% | — | ||
| Q2 24 | 40.7% | — | ||
| Q1 24 | 34.9% | — |
营业利润率KRMNRICK
| Q4 25 | 15.7% | — | ||
| Q3 25 | 17.9% | -0.7% | ||
| Q2 25 | 17.5% | 12.2% | ||
| Q1 25 | 10.0% | 12.4% | ||
| Q4 24 | 15.8% | 19.5% | ||
| Q3 24 | 20.2% | 4.8% | ||
| Q2 24 | 21.5% | -3.3% | ||
| Q1 24 | 16.3% | 6.4% |
净利率KRMNRICK
| Q4 25 | 5.7% | — | ||
| Q3 25 | 6.3% | -7.8% | ||
| Q2 25 | 5.9% | 5.7% | ||
| Q1 25 | -4.8% | 4.9% | ||
| Q4 24 | 1.8% | 12.6% | ||
| Q3 24 | 5.0% | 0.3% | ||
| Q2 24 | 5.4% | -6.9% | ||
| Q1 24 | 2.6% | 1.1% |
每股收益（稀释后）KRMNRICK
| Q4 25 | $0.06 | — | ||
| Q3 25 | $0.06 | $-0.60 | ||
| Q2 25 | $0.05 | $0.46 | ||
| Q1 25 | $-0.04 | $0.36 | ||
| Q4 24 | $0.01 | $1.01 | ||
| Q3 24 | $0.03 | $0.04 | ||
| Q2 24 | $0.03 | $-0.56 | ||
| Q1 24 | $0.01 | $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 | $34.0M | $33.7M |
| 总债务越低越好 | — | $238.2M |
| 股东权益账面价值 | $382.7M | $261.1M |
| 总资产 | $1.1B | $596.9M |
| 负债/权益比越低杠杆越低 | — | 0.91× |
8季度趋势，按日历期对齐
现金及短期投资KRMNRICK
| Q4 25 | $34.0M | — | ||
| Q3 25 | $18.7M | $33.7M | ||
| Q2 25 | $27.4M | $29.3M | ||
| Q1 25 | $113.7M | $32.7M | ||
| Q4 24 | $11.5M | $34.7M | ||
| Q3 24 | — | $32.4M | ||
| Q2 24 | — | $34.9M | ||
| Q1 24 | — | $20.0M |
总债务KRMNRICK
| Q4 25 | — | — | ||
| Q3 25 | — | $238.2M | ||
| Q2 25 | — | $243.8M | ||
| Q1 25 | — | $244.1M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $241.1M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益KRMNRICK
| Q4 25 | $382.7M | — | ||
| Q3 25 | $369.1M | $261.1M | ||
| Q2 25 | $361.5M | $269.5M | ||
| Q1 25 | $348.9M | $268.8M | ||
| Q4 24 | $196.0M | $269.0M | ||
| Q3 24 | $194.1M | $263.4M | ||
| Q2 24 | $189.6M | $271.2M | ||
| Q1 24 | $184.8M | $285.8M |
总资产KRMNRICK
| Q4 25 | $1.1B | — | ||
| Q3 25 | $968.1M | $596.9M | ||
| Q2 25 | $953.9M | $597.4M | ||
| Q1 25 | $875.4M | $589.8M | ||
| Q4 24 | $774.0M | $586.2M | ||
| Q3 24 | — | $584.4M | ||
| Q2 24 | — | $601.0M | ||
| Q1 24 | — | $609.9M |
负债/权益比KRMNRICK
| Q4 25 | — | — | ||
| Q3 25 | — | 0.91× | ||
| Q2 25 | — | 0.90× | ||
| Q1 25 | — | 0.91× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.92× | ||
| Q2 24 | — | — | ||
| Q1 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 | $8.7M | $13.7M |
| 自由现金流经营现金流 - 资本支出 | $4.0M | $11.5M |
| 自由现金流率自由现金流/营收 | 3.0% | 16.2% |
| 资本支出强度资本支出/营收 | 3.5% | 3.2% |
| 现金转化率经营现金流/净利润 | 1.13× | — |
| 过去12个月自由现金流最近4个季度 | $-42.5M | $34.9M |
8季度趋势，按日历期对齐
经营现金流KRMNRICK
| Q4 25 | $8.7M | — | ||
| Q3 25 | $131.0K | $13.7M | ||
| Q2 25 | $-17.4M | $13.8M | ||
| Q1 25 | $-13.6M | $8.5M | ||
| Q4 24 | — | $13.3M | ||
| Q3 24 | — | $15.7M | ||
| Q2 24 | — | $15.8M | ||
| Q1 24 | $3.1M | $10.8M |
自由现金流KRMNRICK
| Q4 25 | $4.0M | — | ||
| Q3 25 | $-6.8M | $11.5M | ||
| Q2 25 | $-21.0M | $10.1M | ||
| Q1 25 | $-18.6M | $5.7M | ||
| Q4 24 | — | $7.6M | ||
| Q3 24 | — | $10.3M | ||
| Q2 24 | — | $9.3M | ||
| Q1 24 | $1.5M | $3.2M |
自由现金流率KRMNRICK
| Q4 25 | 3.0% | — | ||
| Q3 25 | -5.6% | 16.2% | ||
| Q2 25 | -18.2% | 14.2% | ||
| Q1 25 | -18.6% | 8.6% | ||
| Q4 24 | — | 10.6% | ||
| Q3 24 | — | 14.0% | ||
| Q2 24 | — | 12.3% | ||
| Q1 24 | 1.8% | 4.4% |
资本支出强度KRMNRICK
| Q4 25 | 3.5% | — | ||
| Q3 25 | 5.7% | 3.2% | ||
| Q2 25 | 3.2% | 5.2% | ||
| Q1 25 | 5.0% | 4.3% | ||
| Q4 24 | — | 8.0% | ||
| Q3 24 | — | 7.3% | ||
| Q2 24 | — | 8.4% | ||
| Q1 24 | 1.9% | 10.6% |
现金转化率KRMNRICK
| Q4 25 | 1.13× | — | ||
| Q3 25 | 0.02× | — | ||
| Q2 25 | -2.55× | 3.40× | ||
| Q1 25 | — | 2.65× | ||
| Q4 24 | — | 1.48× | ||
| Q3 24 | — | 64.14× | ||
| Q2 24 | — | — | ||
| Q1 24 | 1.45× | 14.00× |
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
KRMN
| Tactical Missile And Integrated Defense Systems | $50.5M | 38% |
| Hypersonic And Strategic Missile Defense | $48.4M | 36% |
| Space And Launch | $35.7M | 27% |
RICK
| Transferred At Point In Time | $60.8M | 86% |
| Food And Merchandise | $10.4M | 15% |
