vs
莱夫 Nation 娱乐（LIVE）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的季度营收约是莱夫 Nation 娱乐的1.7倍（$179.7M vs $108.5M），莱夫 Nation 娱乐净利率更高（-0.1% vs -29.5%，领先29.4%），Rocket Lab Corp同比增速更快（35.7% vs -2.7%），莱夫 Nation 娱乐自由现金流更多（$8.5M vs $-114.2M），过去两年Rocket Lab Corp的营收复合增速更高（39.2% vs -4.3%）
Live Nation Entertainment是一家美国跨国娱乐企业，2010年由Live Nation与Ticketmaster合并而成。目前两大品牌均作为子品牌运营，在全球范围内推广现场娱乐活动并提供票务销售服务，同时还自营多处娱乐场馆，并为音乐人提供艺人经纪服务。
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。
LIVE vs RKLB — 直观对比
营收规模更大
RKLB
是对方的1.7倍
$108.5M
营收增速更快
RKLB
高出38.4%
-2.7%
净利率更高
LIVE
高出29.4%
-29.5%
自由现金流更多
LIVE
多$122.7M
$-114.2M
两年增速更快
RKLB
近两年复合增速
-4.3%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $108.5M | $179.7M |
| 净利润 | $-64.0K | $-52.9M |
| 毛利率 | 32.6% | 38.0% |
| 营业利润率 | 3.2% | -28.4% |
| 净利率 | -0.1% | -29.5% |
| 营收同比 | -2.7% | 35.7% |
| 净利润同比 | -113.0% | -1.1% |
| 每股收益（稀释后） | $-0.02 | $-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LIVERKLB
| Q4 25 | $108.5M | $179.7M | ||
| Q3 25 | $113.9M | $155.1M | ||
| Q2 25 | $112.5M | $144.5M | ||
| Q1 25 | $107.0M | $122.6M | ||
| Q4 24 | $111.5M | $132.4M | ||
| Q3 24 | $112.7M | $104.8M | ||
| Q2 24 | $123.9M | $106.3M | ||
| Q1 24 | $118.6M | $92.8M |
净利润LIVERKLB
| Q4 25 | $-64.0K | $-52.9M | ||
| Q3 25 | $997.0K | $-18.3M | ||
| Q2 25 | $5.4M | $-66.4M | ||
| Q1 25 | $15.9M | $-60.6M | ||
| Q4 24 | $492.0K | $-52.3M | ||
| Q3 24 | $-19.9M | $-51.9M | ||
| Q2 24 | $-2.9M | $-41.6M | ||
| Q1 24 | $-3.3M | $-44.3M |
毛利率LIVERKLB
| Q4 25 | 32.6% | 38.0% | ||
| Q3 25 | 32.4% | 37.0% | ||
| Q2 25 | 34.0% | 32.1% | ||
| Q1 25 | 32.8% | 28.8% | ||
| Q4 24 | 31.7% | 27.8% | ||
| Q3 24 | 31.9% | 26.7% | ||
| Q2 24 | 29.9% | 25.6% | ||
| Q1 24 | 29.9% | 26.1% |
营业利润率LIVERKLB
| Q4 25 | 3.2% | -28.4% | ||
| Q3 25 | 3.3% | -38.0% | ||
| Q2 25 | 7.1% | -41.3% | ||
| Q1 25 | 2.0% | -48.3% | ||
| Q4 24 | 0.7% | -38.9% | ||
| Q3 24 | -15.5% | -49.5% | ||
| Q2 24 | 0.9% | -40.7% | ||
| Q1 24 | -0.7% | -46.4% |
净利率LIVERKLB
| Q4 25 | -0.1% | -29.5% | ||
| Q3 25 | 0.9% | -11.8% | ||
| Q2 25 | 4.8% | -46.0% | ||
| Q1 25 | 14.8% | -49.5% | ||
| Q4 24 | 0.4% | -39.5% | ||
| Q3 24 | -17.6% | -49.6% | ||
| Q2 24 | -2.3% | -39.2% | ||
| Q1 24 | -2.8% | -47.7% |
每股收益（稀释后）LIVERKLB
| Q4 25 | $-0.02 | $-0.09 | ||
| Q3 25 | $-1.52 | $-0.03 | ||
| Q2 25 | $1.24 | $-0.13 | ||
| Q1 25 | $5.05 | $-0.12 | ||
| Q4 24 | $0.16 | $-0.11 | ||
| Q3 24 | $-6.31 | $-0.10 | ||
| Q2 24 | $-0.91 | $-0.08 | ||
| Q1 24 | $-1.04 | $-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 | — | $1.0B |
| 总债务越低越好 | — | $152.4M |
| 股东权益账面价值 | $95.3M | $1.7B |
| 总资产 | $389.2M | $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
现金及短期投资LIVERKLB
| Q4 25 | — | $1.0B | ||
| Q3 25 | — | $976.7M | ||
| Q2 25 | — | $688.1M | ||
| Q1 25 | — | $428.4M | ||
| Q4 24 | — | $419.0M | ||
| Q3 24 | — | $442.4M | ||
| Q2 24 | — | $496.8M | ||
| Q1 24 | — | $492.5M |
总债务LIVERKLB
| 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LIVERKLB
| Q4 25 | $95.3M | $1.7B | ||
| Q3 25 | $95.3M | $1.3B | ||
| Q2 25 | $94.3M | $688.5M | ||
| Q1 25 | $88.9M | $431.3M | ||
| Q4 24 | $73.3M | $382.5M | ||
| Q3 24 | $72.9M | $419.8M | ||
| Q2 24 | $92.7M | $455.2M | ||
| Q1 24 | $95.9M | $478.9M |
总资产LIVERKLB
| Q4 25 | $389.2M | $2.3B | ||
| Q3 25 | $386.4M | $2.2B | ||
| Q2 25 | $387.5M | $1.6B | ||
| Q1 25 | $393.6M | $1.3B | ||
| Q4 24 | $395.5M | $1.2B | ||
| Q3 24 | $407.5M | $1.2B | ||
| Q2 24 | $436.8M | $1.2B | ||
| Q1 24 | $433.9M | $1.2B |
负债/权益比LIVERKLB
| 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 | $9.8M | $-64.5M |
| 自由现金流经营现金流 - 资本支出 | $8.5M | $-114.2M |
| 自由现金流率自由现金流/营收 | 7.8% | -63.6% |
| 资本支出强度资本支出/营收 | 1.2% | 27.6% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $21.9M | $-321.8M |
8季度趋势，按日历期对齐
经营现金流LIVERKLB
| Q4 25 | $9.8M | $-64.5M | ||
| Q3 25 | $6.8M | $-23.5M | ||
| Q2 25 | $12.3M | $-23.2M | ||
| Q1 25 | $231.0K | $-54.2M | ||
| Q4 24 | $9.4M | $-2.4M | ||
| Q3 24 | $6.7M | $-30.9M | ||
| Q2 24 | $11.7M | $-13.0M | ||
| Q1 24 | $-5.7M | $-2.6M |
自由现金流LIVERKLB
| Q4 25 | $8.5M | $-114.2M | ||
| Q3 25 | $4.8M | $-69.4M | ||
| Q2 25 | $10.8M | $-55.3M | ||
| Q1 25 | $-2.3M | $-82.9M | ||
| Q4 24 | $7.6M | $-23.9M | ||
| Q3 24 | $3.3M | $-41.9M | ||
| Q2 24 | $10.1M | $-28.3M | ||
| Q1 24 | $-7.5M | $-21.8M |
自由现金流率LIVERKLB
| Q4 25 | 7.8% | -63.6% | ||
| Q3 25 | 4.2% | -44.8% | ||
| Q2 25 | 9.6% | -38.3% | ||
| Q1 25 | -2.1% | -67.6% | ||
| Q4 24 | 6.8% | -18.1% | ||
| Q3 24 | 2.9% | -40.0% | ||
| Q2 24 | 8.2% | -26.7% | ||
| Q1 24 | -6.3% | -23.5% |
资本支出强度LIVERKLB
| Q4 25 | 1.2% | 27.6% | ||
| Q3 25 | 1.7% | 29.6% | ||
| Q2 25 | 1.3% | 22.2% | ||
| Q1 25 | 2.3% | 23.4% | ||
| Q4 24 | 1.6% | 16.3% | ||
| Q3 24 | 3.1% | 10.5% | ||
| Q2 24 | 1.3% | 14.4% | ||
| Q1 24 | 1.4% | 20.7% |
现金转化率LIVERKLB
| Q4 25 | — | — | ||
| Q3 25 | 6.78× | — | ||
| Q2 25 | 2.28× | — | ||
| Q1 25 | 0.01× | — | ||
| Q4 24 | 19.11× | — | ||
| Q3 24 | — | — | ||
| 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
LIVE
| Steel Manufacturing Segment | $31.9M | 29% |
| Flooring Manufacturing Segment | $28.9M | 27% |
| Retail Flooring Segment | $25.3M | 23% |
| Retail Entertainment Segment | $23.6M | 22% |
RKLB
| Products | $94.0M | 52% |
| Transferred Over Time | $87.3M | 49% |
