vs
Karman Holdings Inc.（KRMN）与Rapid7, Inc.（RPD）财务数据对比。点击上方公司名可切换其他公司
Rapid7, Inc.的季度营收约是Karman Holdings Inc.的1.6倍（$217.4M vs $134.5M），Karman Holdings Inc.净利率更高（5.7% vs 1.4%，领先4.3%），Karman Holdings Inc.同比增速更快（47.4% vs 0.5%），Rapid7, Inc.自由现金流更多（$36.4M vs $4.0M），过去两年Karman Holdings Inc.的营收复合增速更高（27.3% vs 3.0%）
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。
Rapid7是全球领先的网络安全企业，提供漏洞管理、威胁检测与响应、云安全、安全分析等全系列安全解决方案，服务全球科技、医疗、金融、制造等行业的各类规模企业及公共部门客户，助力客户高效识别、应对和缓解网络安全风险。
KRMN vs RPD — 直观对比
营收规模更大
RPD
是对方的1.6倍
$134.5M
营收增速更快
KRMN
高出46.9%
0.5%
净利率更高
KRMN
高出4.3%
1.4%
自由现金流更多
RPD
多$32.4M
$4.0M
两年增速更快
KRMN
近两年复合增速
3.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $134.5M | $217.4M |
| 净利润 | $7.7M | $3.1M |
| 毛利率 | 39.9% | 68.9% |
| 营业利润率 | 15.7% | 1.0% |
| 净利率 | 5.7% | 1.4% |
| 营收同比 | 47.4% | 0.5% |
| 净利润同比 | 358.3% | 44.1% |
| 每股收益（稀释后） | $0.06 | $0.05 |
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KRMNRPD
| Q4 25 | $134.5M | $217.4M | ||
| Q3 25 | $121.8M | $218.0M | ||
| Q2 25 | $115.1M | $214.2M | ||
| Q1 25 | $100.1M | $210.3M | ||
| Q4 24 | $91.2M | $216.3M | ||
| Q3 24 | $86.0M | $214.7M | ||
| Q2 24 | $85.0M | $208.0M | ||
| Q1 24 | $83.0M | $205.1M |
净利润KRMNRPD
| Q4 25 | $7.7M | $3.1M | ||
| Q3 25 | $7.6M | $9.8M | ||
| Q2 25 | $6.8M | $8.3M | ||
| Q1 25 | $-4.8M | $2.1M | ||
| Q4 24 | $1.7M | $2.2M | ||
| Q3 24 | $4.3M | $15.4M | ||
| Q2 24 | $4.6M | $6.5M | ||
| Q1 24 | $2.1M | $1.4M |
毛利率KRMNRPD
| Q4 25 | 39.9% | 68.9% | ||
| Q3 25 | 41.0% | 70.2% | ||
| Q2 25 | 40.9% | 70.6% | ||
| Q1 25 | 39.4% | 71.7% | ||
| Q4 24 | 38.1% | 69.5% | ||
| Q3 24 | 39.3% | 70.6% | ||
| Q2 24 | 40.7% | 70.7% | ||
| Q1 24 | 34.9% | 70.3% |
营业利润率KRMNRPD
| Q4 25 | 15.7% | 1.0% | ||
| Q3 25 | 17.9% | 2.7% | ||
| Q2 25 | 17.5% | 1.6% | ||
| Q1 25 | 10.0% | -0.0% | ||
| Q4 24 | 15.8% | 3.4% | ||
| Q3 24 | 20.2% | 6.0% | ||
| Q2 24 | 21.5% | 2.5% | ||
| Q1 24 | 16.3% | 4.7% |
净利率KRMNRPD
| Q4 25 | 5.7% | 1.4% | ||
| Q3 25 | 6.3% | 4.5% | ||
| Q2 25 | 5.9% | 3.9% | ||
| Q1 25 | -4.8% | 1.0% | ||
| Q4 24 | 1.8% | 1.0% | ||
| Q3 24 | 5.0% | 7.2% | ||
| Q2 24 | 5.4% | 3.1% | ||
| Q1 24 | 2.6% | 0.7% |
每股收益（稀释后）KRMNRPD
| Q4 25 | $0.06 | $0.05 | ||
| Q3 25 | $0.06 | $0.15 | ||
| Q2 25 | $0.05 | $0.13 | ||
| Q1 25 | $-0.04 | $0.03 | ||
| Q4 24 | $0.01 | $0.08 | ||
| Q3 24 | $0.03 | $0.21 | ||
| Q2 24 | $0.03 | $0.09 | ||
| Q1 24 | $0.01 | $0.02 |
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 | $474.7M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $382.7M | $154.7M |
| 总资产 | $1.1B | $1.7B |
| 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KRMNRPD
| Q4 25 | $34.0M | $474.7M | ||
| Q3 25 | $18.7M | $407.1M | ||
| Q2 25 | $27.4M | $511.7M | ||
| Q1 25 | $113.7M | $493.5M | ||
| Q4 24 | $11.5M | $521.7M | ||
| Q3 24 | — | $443.7M | ||
| Q2 24 | — | $442.6M | ||
| Q1 24 | — | $411.7M |
股东权益KRMNRPD
| Q4 25 | $382.7M | $154.7M | ||
| Q3 25 | $369.1M | $127.2M | ||
| Q2 25 | $361.5M | $90.4M | ||
| Q1 25 | $348.9M | $52.7M | ||
| Q4 24 | $196.0M | $17.7M | ||
| Q3 24 | $194.1M | $-5.1M | ||
| Q2 24 | $189.6M | $-52.6M | ||
| Q1 24 | $184.8M | $-86.4M |
总资产KRMNRPD
| Q4 25 | $1.1B | $1.7B | ||
| Q3 25 | $968.1M | $1.7B | ||
| Q2 25 | $953.9M | $1.6B | ||
| Q1 25 | $875.4M | $1.6B | ||
| Q4 24 | $774.0M | $1.7B | ||
| Q3 24 | — | $1.6B | ||
| Q2 24 | — | $1.5B | ||
| Q1 24 | — | $1.5B |
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 | $37.6M |
| 自由现金流经营现金流 - 资本支出 | $4.0M | $36.4M |
| 自由现金流率自由现金流/营收 | 3.0% | 16.8% |
| 资本支出强度资本支出/营收 | 3.5% | 0.5% |
| 现金转化率经营现金流/净利润 | 1.13× | 12.01× |
| 过去12个月自由现金流最近4个季度 | $-42.5M | $146.2M |
8季度趋势，按日历期对齐
经营现金流KRMNRPD
| Q4 25 | $8.7M | $37.6M | ||
| Q3 25 | $131.0K | $39.0M | ||
| Q2 25 | $-17.4M | $47.5M | ||
| Q1 25 | $-13.6M | $29.8M | ||
| Q4 24 | — | $63.8M | ||
| Q3 24 | — | $44.0M | ||
| Q2 24 | — | $32.9M | ||
| Q1 24 | $3.1M | $31.1M |
自由现金流KRMNRPD
| Q4 25 | $4.0M | $36.4M | ||
| Q3 25 | $-6.8M | $34.8M | ||
| Q2 25 | $-21.0M | $46.6M | ||
| Q1 25 | $-18.6M | $28.4M | ||
| Q4 24 | — | $62.6M | ||
| Q3 24 | — | $42.6M | ||
| Q2 24 | — | $32.6M | ||
| Q1 24 | $1.5M | $30.4M |
自由现金流率KRMNRPD
| Q4 25 | 3.0% | 16.8% | ||
| Q3 25 | -5.6% | 16.0% | ||
| Q2 25 | -18.2% | 21.8% | ||
| Q1 25 | -18.6% | 13.5% | ||
| Q4 24 | — | 28.9% | ||
| Q3 24 | — | 19.9% | ||
| Q2 24 | — | 15.7% | ||
| Q1 24 | 1.8% | 14.8% |
资本支出强度KRMNRPD
| Q4 25 | 3.5% | 0.5% | ||
| Q3 25 | 5.7% | 1.9% | ||
| Q2 25 | 3.2% | 0.4% | ||
| Q1 25 | 5.0% | 0.6% | ||
| Q4 24 | — | 0.5% | ||
| Q3 24 | — | 0.6% | ||
| Q2 24 | — | 0.1% | ||
| Q1 24 | 1.9% | 0.3% |
现金转化率KRMNRPD
| Q4 25 | 1.13× | 12.01× | ||
| Q3 25 | 0.02× | 3.97× | ||
| Q2 25 | -2.55× | 5.70× | ||
| Q1 25 | — | 14.14× | ||
| Q4 24 | — | 29.36× | ||
| Q3 24 | — | 2.85× | ||
| Q2 24 | — | 5.03× | ||
| Q1 24 | 1.45× | 22.10× |
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% |
RPD
| Products | $209.1M | 96% |
| Services | $8.2M | 4% |
