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LINCOLN EDUCATIONAL SERVICES CORP（LINC）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LINCOLN EDUCATIONAL SERVICES CORP的1.3倍（$179.7M vs $142.9M），LINCOLN EDUCATIONAL SERVICES CORP净利率更高（8.9% vs -29.5%，领先38.3%），Rocket Lab Corp同比增速更快（35.7% vs 19.7%），LINCOLN EDUCATIONAL SERVICES CORP自由现金流更多（$25.0M vs $-114.2M），过去两年Rocket Lab Corp的营收复合增速更高（39.2% vs 17.6%）
林肯技术教育集团是美国营利性高等职业教育机构，总部位于新泽西州帕西帕尼，在美国科罗拉多、康涅狄格、佐治亚等12个州都设有校区，所有校区均由林肯教育服务公司持有运营，主打面向就业的高等职业技术教育服务。
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。
LINC vs RKLB — 直观对比
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $142.9M | $179.7M |
| 净利润 | $12.7M | $-52.9M |
| 毛利率 | 62.3% | 38.0% |
| 营业利润率 | 12.4% | -28.4% |
| 净利率 | 8.9% | -29.5% |
| 营收同比 | 19.7% | 35.7% |
| 净利润同比 | 85.9% | -1.1% |
| 每股收益（稀释后） | $0.41 | $-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
| Q4 25 | $142.9M | $179.7M | ||
| Q3 25 | $141.4M | $155.1M | ||
| Q2 25 | $116.5M | $144.5M | ||
| Q1 25 | $117.5M | $122.6M | ||
| Q4 24 | $119.4M | $132.4M | ||
| Q3 24 | $114.4M | $104.8M | ||
| Q2 24 | $102.9M | $106.3M | ||
| Q1 24 | $103.4M | $92.8M |
| Q4 25 | $12.7M | $-52.9M | ||
| Q3 25 | $3.8M | $-18.3M | ||
| Q2 25 | $1.6M | $-66.4M | ||
| Q1 25 | $1.9M | $-60.6M | ||
| Q4 24 | $6.8M | $-52.3M | ||
| Q3 24 | $4.0M | $-51.9M | ||
| Q2 24 | $-682.0K | $-41.6M | ||
| Q1 24 | $-214.0K | $-44.3M |
| Q4 25 | 62.3% | 38.0% | ||
| Q3 25 | 59.5% | 37.0% | ||
| Q2 25 | 59.8% | 32.1% | ||
| Q1 25 | 59.7% | 28.8% | ||
| Q4 24 | 62.2% | 27.8% | ||
| Q3 24 | 58.0% | 26.7% | ||
| Q2 24 | 55.7% | 25.6% | ||
| Q1 24 | 58.4% | 26.1% |
| Q4 25 | 12.4% | -28.4% | ||
| Q3 25 | 4.4% | -38.0% | ||
| Q2 25 | 2.5% | -41.3% | ||
| Q1 25 | 2.9% | -48.3% | ||
| Q4 24 | 9.2% | -38.9% | ||
| Q3 24 | 5.1% | -49.5% | ||
| Q2 24 | -1.1% | -40.7% | ||
| Q1 24 | -0.4% | -46.4% |
| Q4 25 | 8.9% | -29.5% | ||
| Q3 25 | 2.7% | -11.8% | ||
| Q2 25 | 1.3% | -46.0% | ||
| Q1 25 | 1.7% | -49.5% | ||
| Q4 24 | 5.7% | -39.5% | ||
| Q3 24 | 3.5% | -49.6% | ||
| Q2 24 | -0.7% | -39.2% | ||
| Q1 24 | -0.2% | -47.7% |
| Q4 25 | $0.41 | $-0.09 | ||
| Q3 25 | $0.12 | $-0.03 | ||
| Q2 25 | $0.05 | $-0.13 | ||
| Q1 25 | $0.06 | $-0.12 | ||
| Q4 24 | $0.22 | $-0.11 | ||
| Q3 24 | $0.13 | $-0.10 | ||
| Q2 24 | $-0.02 | $-0.08 | ||
| Q1 24 | $-0.01 | $-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 | $28.5M | $1.0B |
| 总债务越低越好 | — | $152.4M |
| 股东权益账面价值 | $199.7M | $1.7B |
| 总资产 | $493.2M | $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
| Q4 25 | $28.5M | $1.0B | ||
| Q3 25 | $13.5M | $976.7M | ||
| Q2 25 | $16.7M | $688.1M | ||
| Q1 25 | $28.7M | $428.4M | ||
| Q4 24 | $59.3M | $419.0M | ||
| Q3 24 | $54.0M | $442.4M | ||
| Q2 24 | $67.0M | $496.8M | ||
| Q1 24 | $68.6M | $492.5M |
| 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 |
| Q4 25 | $199.7M | $1.7B | ||
| Q3 25 | $185.9M | $1.3B | ||
| Q2 25 | $180.7M | $688.5M | ||
| Q1 25 | $177.8M | $431.3M | ||
| Q4 24 | $178.3M | $382.5M | ||
| Q3 24 | $170.0M | $419.8M | ||
| Q2 24 | $164.9M | $455.2M | ||
| Q1 24 | $164.5M | $478.9M |
| Q4 25 | $493.2M | $2.3B | ||
| Q3 25 | $466.9M | $2.2B | ||
| Q2 25 | $447.3M | $1.6B | ||
| Q1 25 | $427.4M | $1.3B | ||
| Q4 24 | $436.6M | $1.2B | ||
| Q3 24 | $404.0M | $1.2B | ||
| Q2 24 | $366.4M | $1.2B | ||
| Q1 24 | $355.2M | $1.2B |
| 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 | $43.5M | $-64.5M |
| 自由现金流经营现金流 - 资本支出 | $25.0M | $-114.2M |
| 自由现金流率自由现金流/营收 | 17.5% | -63.6% |
| 资本支出强度资本支出/营收 | 13.0% | 27.6% |
| 现金转化率经营现金流/净利润 | 3.43× | — |
| 过去12个月自由现金流最近4个季度 | $-27.3M | $-321.8M |
8季度趋势，按日历期对齐
| Q4 25 | $43.5M | $-64.5M | ||
| Q3 25 | $23.9M | $-23.5M | ||
| Q2 25 | $299.0K | $-23.2M | ||
| Q1 25 | $-8.4M | $-54.2M | ||
| Q4 24 | $30.3M | $-2.4M | ||
| Q3 24 | $5.6M | $-30.9M | ||
| Q2 24 | $8.3M | $-13.0M | ||
| Q1 24 | $-14.9M | $-2.6M |
| Q4 25 | $25.0M | $-114.2M | ||
| Q3 25 | $2.0M | $-69.4M | ||
| Q2 25 | $-26.1M | $-55.3M | ||
| Q1 25 | $-28.3M | $-82.9M | ||
| Q4 24 | $5.5M | $-23.9M | ||
| Q3 24 | $-13.8M | $-41.9M | ||
| Q2 24 | $-2.7M | $-28.3M | ||
| Q1 24 | $-16.6M | $-21.8M |
| Q4 25 | 17.5% | -63.6% | ||
| Q3 25 | 1.4% | -44.8% | ||
| Q2 25 | -22.4% | -38.3% | ||
| Q1 25 | -24.1% | -67.6% | ||
| Q4 24 | 4.6% | -18.1% | ||
| Q3 24 | -12.0% | -40.0% | ||
| Q2 24 | -2.6% | -26.7% | ||
| Q1 24 | -16.1% | -23.5% |
| Q4 25 | 13.0% | 27.6% | ||
| Q3 25 | 15.5% | 29.6% | ||
| Q2 25 | 22.7% | 22.2% | ||
| Q1 25 | 16.9% | 23.4% | ||
| Q4 24 | 20.8% | 16.3% | ||
| Q3 24 | 16.9% | 10.5% | ||
| Q2 24 | 10.7% | 14.4% | ||
| Q1 24 | 1.6% | 20.7% |
| Q4 25 | 3.43× | — | ||
| Q3 25 | 6.29× | — | ||
| Q2 25 | 0.19× | — | ||
| Q1 25 | -4.31× | — | ||
| Q4 24 | 4.43× | — | ||
| Q3 24 | 1.42× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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
LINC
| Transferred Over Time | $136.0M | 95% |
| Transferred At Point In Time | $6.9M | 5% |
RKLB
| Products | $94.0M | 52% |
| Transferred Over Time | $87.3M | 49% |
