vs
L3Harris（LHX）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
L3Harris的季度营收约是Rocket Lab Corp的32.0倍（$5.7B vs $179.7M），L3Harris净利率更高（8.9% vs -29.5%，领先38.4%），Rocket Lab Corp同比增速更快（35.7% vs 24.0%），Rocket Lab Corp自由现金流更多（$-114.2M vs $-187.0M），过去两年Rocket Lab Corp的营收复合增速更高（39.2% vs 5.0%）
L3Harris Technologies是美国科技企业、国防承包商及信息技术服务提供商，产品涵盖指挥控制系统、无线设备、战术电台、航电与电子系统、夜视设备、C3ISR系统、海洋系统、导航产品、训练设备及服务、陆基与星载天线等，主要服务政府领域客户。
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。
LHX vs RKLB — 直观对比
营收规模更大
LHX
是对方的32.0倍
$179.7M
营收增速更快
RKLB
高出11.7%
24.0%
净利率更高
LHX
高出38.4%
-29.5%
自由现金流更多
RKLB
多$72.8M
$-187.0M
两年增速更快
RKLB
近两年复合增速
5.0%
损益表 — Q1 FY2027 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $5.7B | $179.7M |
| 净利润 | $512.0M | $-52.9M |
| 毛利率 | 175.6% | 38.0% |
| 营业利润率 | 11.4% | -28.4% |
| 净利率 | 8.9% | -29.5% |
| 营收同比 | 24.0% | 35.7% |
| 净利润同比 | 32.6% | -1.1% |
| 每股收益（稀释后） | $2.72 | $-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LHXRKLB
| Q1 26 | $21.9B | — | ||
| Q4 25 | $5.7B | $179.7M | ||
| Q3 25 | — | $155.1M | ||
| Q2 25 | $5.4B | $144.5M | ||
| Q1 25 | $5.5B | $122.6M | ||
| Q4 24 | — | $132.4M | ||
| Q3 24 | $5.3B | $104.8M | ||
| Q2 24 | $5.3B | $106.3M |
净利润LHXRKLB
| Q1 26 | — | — | ||
| Q4 25 | $462.0M | $-52.9M | ||
| Q3 25 | — | $-18.3M | ||
| Q2 25 | $458.0M | $-66.4M | ||
| Q1 25 | $453.0M | $-60.6M | ||
| Q4 24 | — | $-52.3M | ||
| Q3 24 | $400.0M | $-51.9M | ||
| Q2 24 | $366.0M | $-41.6M |
毛利率LHXRKLB
| Q1 26 | 25.7% | — | ||
| Q4 25 | 26.4% | 38.0% | ||
| Q3 25 | — | 37.0% | ||
| Q2 25 | 24.6% | 32.1% | ||
| Q1 25 | 25.3% | 28.8% | ||
| Q4 24 | — | 27.8% | ||
| Q3 24 | 26.8% | 26.7% | ||
| Q2 24 | 25.7% | 25.6% |
营业利润率LHXRKLB
| Q1 26 | 9.7% | — | ||
| Q4 25 | 11.0% | -28.4% | ||
| Q3 25 | — | -38.0% | ||
| Q2 25 | 10.5% | -41.3% | ||
| Q1 25 | 10.3% | -48.3% | ||
| Q4 24 | — | -38.9% | ||
| Q3 24 | 9.4% | -49.5% | ||
| Q2 24 | 9.0% | -40.7% |
净利率LHXRKLB
| Q1 26 | — | — | ||
| Q4 25 | 8.2% | -29.5% | ||
| Q3 25 | — | -11.8% | ||
| Q2 25 | 8.4% | -46.0% | ||
| Q1 25 | 8.2% | -49.5% | ||
| Q4 24 | — | -39.5% | ||
| Q3 24 | 7.6% | -49.6% | ||
| Q2 24 | 6.9% | -39.2% |
每股收益（稀释后）LHXRKLB
| Q1 26 | — | — | ||
| Q4 25 | $2.46 | $-0.09 | ||
| Q3 25 | — | $-0.03 | ||
| Q2 25 | $2.44 | $-0.13 | ||
| Q1 25 | $2.37 | $-0.12 | ||
| Q4 24 | — | $-0.11 | ||
| Q3 24 | $2.10 | $-0.10 | ||
| Q2 24 | $1.92 | $-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 | $590.0K | $1.0B |
| 总债务越低越好 | $350.0K | $152.4M |
| 股东权益账面价值 | $19.7M | $1.7B |
| 总资产 | $41.4M | $2.3B |
| 负债/权益比越低杠杆越低 | 0.02× | 0.09× |
8季度趋势，按日历期对齐
现金及短期投资LHXRKLB
| Q1 26 | $1.1B | — | ||
| Q4 25 | $339.0M | $1.0B | ||
| Q3 25 | — | $976.7M | ||
| Q2 25 | $482.0M | $688.1M | ||
| Q1 25 | $615.0M | $428.4M | ||
| Q4 24 | — | $419.0M | ||
| Q3 24 | $539.0M | $442.4M | ||
| Q2 24 | $547.0M | $496.8M |
总债务LHXRKLB
| Q1 26 | $10.4B | — | ||
| Q4 25 | $11.0B | $152.4M | ||
| Q3 25 | — | $347.0M | ||
| Q2 25 | $11.0B | $346.5M | ||
| Q1 25 | $11.1B | $345.9M | ||
| Q4 24 | — | $345.4M | ||
| Q3 24 | $11.1B | $61.2M | ||
| Q2 24 | $10.5B | $64.2M |
股东权益LHXRKLB
| Q1 26 | $19.6B | — | ||
| Q4 25 | $19.5B | $1.7B | ||
| Q3 25 | — | $1.3B | ||
| Q2 25 | $19.3B | $688.5M | ||
| Q1 25 | $19.5B | $431.3M | ||
| Q4 24 | — | $382.5M | ||
| Q3 24 | $19.0B | $419.8M | ||
| Q2 24 | $18.8B | $455.2M |
总资产LHXRKLB
| Q1 26 | $41.2B | — | ||
| Q4 25 | $41.0B | $2.3B | ||
| Q3 25 | — | $2.2B | ||
| Q2 25 | $41.2B | $1.6B | ||
| Q1 25 | $42.0B | $1.3B | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | $41.9B | $1.2B | ||
| Q2 24 | $41.7B | $1.2B |
负债/权益比LHXRKLB
| Q1 26 | 0.53× | — | ||
| Q4 25 | 0.56× | 0.09× | ||
| Q3 25 | — | 0.27× | ||
| Q2 25 | 0.57× | 0.50× | ||
| Q1 25 | 0.57× | 0.80× | ||
| Q4 24 | — | 0.90× | ||
| Q3 24 | 0.58× | 0.15× | ||
| Q2 24 | 0.56× | 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 | $-95.0M | $-64.5M |
| 自由现金流经营现金流 - 资本支出 | $-187.0M | $-114.2M |
| 自由现金流率自由现金流/营收 | -3.3% | -63.6% |
| 资本支出强度资本支出/营收 | 1.7% | 27.6% |
| 现金转化率经营现金流/净利润 | -0.19× | — |
| 过去12个月自由现金流最近4个季度 | — | $-321.8M |
8季度趋势，按日历期对齐
经营现金流LHXRKLB
| Q1 26 | — | — | ||
| Q4 25 | $546.0M | $-64.5M | ||
| Q3 25 | — | $-23.5M | ||
| Q2 25 | $640.0M | $-23.2M | ||
| Q1 25 | $1.1B | $-54.2M | ||
| Q4 24 | — | $-2.4M | ||
| Q3 24 | $780.0M | $-30.9M | ||
| Q2 24 | $754.0M | $-13.0M |
自由现金流LHXRKLB
| Q1 26 | — | — | ||
| Q4 25 | $427.0M | $-114.2M | ||
| Q3 25 | — | $-69.4M | ||
| Q2 25 | $552.0M | $-55.3M | ||
| Q1 25 | $1.0B | $-82.9M | ||
| Q4 24 | — | $-23.9M | ||
| Q3 24 | $702.0M | $-41.9M | ||
| Q2 24 | $657.0M | $-28.3M |
自由现金流率LHXRKLB
| Q1 26 | — | — | ||
| Q4 25 | 7.5% | -63.6% | ||
| Q3 25 | — | -44.8% | ||
| Q2 25 | 10.2% | -38.3% | ||
| Q1 25 | 18.3% | -67.6% | ||
| Q4 24 | — | -18.1% | ||
| Q3 24 | 13.3% | -40.0% | ||
| Q2 24 | 12.4% | -26.7% |
资本支出强度LHXRKLB
| Q1 26 | — | — | ||
| Q4 25 | 2.1% | 27.6% | ||
| Q3 25 | — | 29.6% | ||
| Q2 25 | 1.6% | 22.2% | ||
| Q1 25 | 2.1% | 23.4% | ||
| Q4 24 | — | 16.3% | ||
| Q3 24 | 1.5% | 10.5% | ||
| Q2 24 | 1.8% | 14.4% |
现金转化率LHXRKLB
| Q1 26 | — | — | ||
| Q4 25 | 1.18× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 1.40× | — | ||
| Q1 25 | 2.49× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.95× | — | ||
| Q2 24 | 2.06× | — |
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
LHX
| Space & Mission Systems | $3.0B | 52% |
| Communication & Spectrum Dominance | $1.9B | 32% |
| Missile Solutions | $990.0M | 17% |
RKLB
| Products | $94.0M | 52% |
| Transferred Over Time | $87.3M | 49% |
