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Kennedy-Wilson Holdings, Inc.（KW）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Kennedy-Wilson Holdings, Inc.的1.5倍（$179.7M vs $120.6M），Kennedy-Wilson Holdings, Inc.净利率更高（48.1% vs -29.5%，领先77.6%），Rocket Lab Corp同比增速更快（35.7% vs -11.0%），Kennedy-Wilson Holdings, Inc.自由现金流更多（$-55.2M vs $-114.2M），过去两年Rocket Lab Corp的营收复合增速更高（39.2% vs -6.0%）
肯尼迪-威尔逊控股是一家房地产投资企业，公司总部位于美国加利福尼亚州比弗利山庄，业务覆盖全球多地房地产领域的投资与运营相关业务。
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。
KW vs RKLB — 直观对比
营收规模更大
RKLB
是对方的1.5倍
$120.6M
营收增速更快
RKLB
高出46.7%
-11.0%
净利率更高
KW
高出77.6%
-29.5%
自由现金流更多
KW
多$59.0M
$-114.2M
两年增速更快
RKLB
近两年复合增速
-6.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $120.6M | $179.7M |
| 净利润 | $58.0M | $-52.9M |
| 毛利率 | — | 38.0% |
| 营业利润率 | 57.3% | -28.4% |
| 净利率 | 48.1% | -29.5% |
| 营收同比 | -11.0% | 35.7% |
| 净利润同比 | 32.7% | -1.1% |
| 每股收益（稀释后） | $0.22 | $-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KWRKLB
| Q4 25 | $120.6M | $179.7M | ||
| Q3 25 | $116.4M | $155.1M | ||
| Q2 25 | $135.7M | $144.5M | ||
| Q1 25 | $128.3M | $122.6M | ||
| Q4 24 | $135.5M | $132.4M | ||
| Q3 24 | $127.5M | $104.8M | ||
| Q2 24 | $132.0M | $106.3M | ||
| Q1 24 | $136.4M | $92.8M |
净利润KWRKLB
| Q4 25 | $58.0M | $-52.9M | ||
| Q3 25 | $-10.2M | $-18.3M | ||
| Q2 25 | $5.6M | $-66.4M | ||
| Q1 25 | $-29.6M | $-60.6M | ||
| Q4 24 | $43.7M | $-52.3M | ||
| Q3 24 | $-66.8M | $-51.9M | ||
| Q2 24 | $-48.3M | $-41.6M | ||
| Q1 24 | $37.7M | $-44.3M |
毛利率KWRKLB
| 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KWRKLB
| Q4 25 | 57.3% | -28.4% | ||
| Q3 25 | -6.2% | -38.0% | ||
| Q2 25 | 7.4% | -41.3% | ||
| Q1 25 | -26.9% | -48.3% | ||
| Q4 24 | 36.7% | -38.9% | ||
| Q3 24 | -60.8% | -49.5% | ||
| Q2 24 | -45.5% | -40.7% | ||
| Q1 24 | 47.2% | -46.4% |
净利率KWRKLB
| Q4 25 | 48.1% | -29.5% | ||
| Q3 25 | -8.8% | -11.8% | ||
| Q2 25 | 4.1% | -46.0% | ||
| Q1 25 | -23.1% | -49.5% | ||
| Q4 24 | 32.3% | -39.5% | ||
| Q3 24 | -52.4% | -49.6% | ||
| Q2 24 | -36.6% | -39.2% | ||
| Q1 24 | 27.6% | -47.7% |
每股收益（稀释后）KWRKLB
| Q4 25 | $0.22 | $-0.09 | ||
| Q3 25 | $-0.15 | $-0.03 | ||
| Q2 25 | $-0.05 | $-0.13 | ||
| Q1 25 | $-0.30 | $-0.12 | ||
| Q4 24 | $0.24 | $-0.11 | ||
| Q3 24 | $-0.56 | $-0.10 | ||
| Q2 24 | $-0.43 | $-0.08 | ||
| Q1 24 | $0.19 | $-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 | $184.5M | $1.0B |
| 总债务越低越好 | — | $152.4M |
| 股东权益账面价值 | $1.5B | $1.7B |
| 总资产 | $6.6B | $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KWRKLB
| Q4 25 | $184.5M | $1.0B | ||
| Q3 25 | $382.6M | $976.7M | ||
| Q2 25 | $309.1M | $688.1M | ||
| Q1 25 | $356.6M | $428.4M | ||
| Q4 24 | $217.5M | $419.0M | ||
| Q3 24 | $367.1M | $442.4M | ||
| Q2 24 | $366.5M | $496.8M | ||
| Q1 24 | $541.9M | $492.5M |
总债务KWRKLB
| 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KWRKLB
| Q4 25 | $1.5B | $1.7B | ||
| Q3 25 | $1.5B | $1.3B | ||
| Q2 25 | $1.6B | $688.5M | ||
| Q1 25 | $1.6B | $431.3M | ||
| Q4 24 | $1.6B | $382.5M | ||
| Q3 24 | $1.6B | $419.8M | ||
| Q2 24 | $1.7B | $455.2M | ||
| Q1 24 | $1.7B | $478.9M |
总资产KWRKLB
| Q4 25 | $6.6B | $2.3B | ||
| Q3 25 | $6.7B | $2.2B | ||
| Q2 25 | $6.8B | $1.6B | ||
| Q1 25 | $7.2B | $1.3B | ||
| Q4 24 | $7.0B | $1.2B | ||
| Q3 24 | $7.4B | $1.2B | ||
| Q2 24 | $7.5B | $1.2B | ||
| Q1 24 | $7.7B | $1.2B |
负债/权益比KWRKLB
| 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 | $11.4M | $-64.5M |
| 自由现金流经营现金流 - 资本支出 | $-55.2M | $-114.2M |
| 自由现金流率自由现金流/营收 | -45.8% | -63.6% |
| 资本支出强度资本支出/营收 | 55.2% | 27.6% |
| 现金转化率经营现金流/净利润 | 0.20× | — |
| 过去12个月自由现金流最近4个季度 | $-103.5M | $-321.8M |
8季度趋势，按日历期对齐
经营现金流KWRKLB
| Q4 25 | $11.4M | $-64.5M | ||
| Q3 25 | $-7.6M | $-23.5M | ||
| Q2 25 | $42.0M | $-23.2M | ||
| Q1 25 | $-51.9M | $-54.2M | ||
| Q4 24 | $55.1M | $-2.4M | ||
| Q3 24 | $-5.6M | $-30.9M | ||
| Q2 24 | $36.7M | $-13.0M | ||
| Q1 24 | $-5.6M | $-2.6M |
自由现金流KWRKLB
| Q4 25 | $-55.2M | $-114.2M | ||
| Q3 25 | $-18.0M | $-69.4M | ||
| Q2 25 | $29.4M | $-55.3M | ||
| Q1 25 | $-59.7M | $-82.9M | ||
| Q4 24 | $-76.5M | $-23.9M | ||
| Q3 24 | $-27.7M | $-41.9M | ||
| Q2 24 | $-500.0K | $-28.3M | ||
| Q1 24 | $-57.1M | $-21.8M |
自由现金流率KWRKLB
| Q4 25 | -45.8% | -63.6% | ||
| Q3 25 | -15.5% | -44.8% | ||
| Q2 25 | 21.7% | -38.3% | ||
| Q1 25 | -46.5% | -67.6% | ||
| Q4 24 | -56.5% | -18.1% | ||
| Q3 24 | -21.7% | -40.0% | ||
| Q2 24 | -0.4% | -26.7% | ||
| Q1 24 | -41.9% | -23.5% |
资本支出强度KWRKLB
| Q4 25 | 55.2% | 27.6% | ||
| Q3 25 | 8.9% | 29.6% | ||
| Q2 25 | 9.3% | 22.2% | ||
| Q1 25 | 6.1% | 23.4% | ||
| Q4 24 | 97.1% | 16.3% | ||
| Q3 24 | 17.3% | 10.5% | ||
| Q2 24 | 28.2% | 14.4% | ||
| Q1 24 | 37.8% | 20.7% |
现金转化率KWRKLB
| Q4 25 | 0.20× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 7.50× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.26× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | -0.15× | — |
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
KW
| Consolidated Portfolio Segment | $84.9M | 70% |
| Investment Management Fees | $30.4M | 25% |
| Real Estate | $5.1M | 4% |
RKLB
| Products | $94.0M | 52% |
| Transferred Over Time | $87.3M | 49% |
