vs
Lemonade, Inc.（LMND）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
Lemonade, Inc.的季度营收约是Rocket Lab Corp的1.3倍（$228.1M vs $179.7M），Lemonade, Inc.净利率更高（-9.5% vs -29.5%，领先19.9%），Lemonade, Inc.同比增速更快（53.3% vs 35.7%），Lemonade, Inc.自由现金流更多（$-25.9M vs $-114.2M），过去两年Rocket Lab Corp的营收复合增速更高（39.2% vs 38.4%）
Lemonade, Inc.是一家总部位于美国纽约的保险公司，在美国市场提供租客险、房屋险、车险、宠物险及定期寿险，在德国、荷兰推出财产及责任保险，法国市场提供租客险，当前拥有约290万用户，采用人工智能及聊天机器人替代人工处理理赔申请。
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。
LMND vs RKLB — 直观对比
营收规模更大
LMND
是对方的1.3倍
$179.7M
营收增速更快
LMND
高出17.6%
35.7%
净利率更高
LMND
高出19.9%
-29.5%
自由现金流更多
LMND
多$88.3M
$-114.2M
两年增速更快
RKLB
近两年复合增速
38.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $228.1M | $179.7M |
| 净利润 | $-21.7M | $-52.9M |
| 毛利率 | — | 38.0% |
| 营业利润率 | -9.0% | -28.4% |
| 净利率 | -9.5% | -29.5% |
| 营收同比 | 53.3% | 35.7% |
| 净利润同比 | 27.7% | -1.1% |
| 每股收益（稀释后） | $-0.27 | $-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LMNDRKLB
| Q4 25 | $228.1M | $179.7M | ||
| Q3 25 | $194.5M | $155.1M | ||
| Q2 25 | $164.1M | $144.5M | ||
| Q1 25 | $151.2M | $122.6M | ||
| Q4 24 | $148.8M | $132.4M | ||
| Q3 24 | $136.6M | $104.8M | ||
| Q2 24 | $122.0M | $106.3M | ||
| Q1 24 | $119.1M | $92.8M |
净利润LMNDRKLB
| Q4 25 | $-21.7M | $-52.9M | ||
| Q3 25 | $-37.5M | $-18.3M | ||
| Q2 25 | $-43.9M | $-66.4M | ||
| Q1 25 | $-62.4M | $-60.6M | ||
| Q4 24 | $-30.0M | $-52.3M | ||
| Q3 24 | $-67.7M | $-51.9M | ||
| Q2 24 | $-57.2M | $-41.6M | ||
| Q1 24 | $-47.3M | $-44.3M |
毛利率LMNDRKLB
| 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LMNDRKLB
| Q4 25 | -9.0% | -28.4% | ||
| Q3 25 | -18.7% | -38.0% | ||
| Q2 25 | -26.0% | -41.3% | ||
| Q1 25 | -40.6% | -48.3% | ||
| Q4 24 | -25.4% | -38.9% | ||
| Q3 24 | -48.2% | -49.5% | ||
| Q2 24 | -45.2% | -40.7% | ||
| Q1 24 | -38.0% | -46.4% |
净利率LMNDRKLB
| Q4 25 | -9.5% | -29.5% | ||
| Q3 25 | -19.3% | -11.8% | ||
| Q2 25 | -26.8% | -46.0% | ||
| Q1 25 | -41.3% | -49.5% | ||
| Q4 24 | -20.2% | -39.5% | ||
| Q3 24 | -49.6% | -49.6% | ||
| Q2 24 | -46.9% | -39.2% | ||
| Q1 24 | -39.7% | -47.7% |
每股收益（稀释后）LMNDRKLB
| Q4 25 | $-0.27 | $-0.09 | ||
| Q3 25 | $-0.51 | $-0.03 | ||
| Q2 25 | $-0.60 | $-0.13 | ||
| Q1 25 | $-0.86 | $-0.12 | ||
| Q4 24 | $-0.42 | $-0.11 | ||
| Q3 24 | $-0.95 | $-0.10 | ||
| Q2 24 | $-0.81 | $-0.08 | ||
| Q1 24 | $-0.67 | $-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 | $399.1M | $1.0B |
| 总债务越低越好 | — | $152.4M |
| 股东权益账面价值 | $533.6M | $1.7B |
| 总资产 | $1.9B | $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LMNDRKLB
| Q4 25 | $399.1M | $1.0B | ||
| Q3 25 | $369.4M | $976.7M | ||
| Q2 25 | $398.8M | $688.1M | ||
| Q1 25 | $329.7M | $428.4M | ||
| Q4 24 | $403.5M | $419.0M | ||
| Q3 24 | $360.9M | $442.4M | ||
| Q2 24 | $387.2M | $496.8M | ||
| Q1 24 | $300.8M | $492.5M |
总债务LMNDRKLB
| 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LMNDRKLB
| Q4 25 | $533.6M | $1.7B | ||
| Q3 25 | $516.2M | $1.3B | ||
| Q2 25 | $527.1M | $688.5M | ||
| Q1 25 | $545.5M | $431.3M | ||
| Q4 24 | $593.4M | $382.5M | ||
| Q3 24 | $593.0M | $419.8M | ||
| Q2 24 | $635.2M | $455.2M | ||
| Q1 24 | $676.4M | $478.9M |
总资产LMNDRKLB
| Q4 25 | $1.9B | $2.3B | ||
| Q3 25 | $1.9B | $2.2B | ||
| Q2 25 | $1.9B | $1.6B | ||
| Q1 25 | $1.9B | $1.3B | ||
| Q4 24 | $1.8B | $1.2B | ||
| Q3 24 | $1.8B | $1.2B | ||
| Q2 24 | $1.7B | $1.2B | ||
| Q1 24 | $1.6B | $1.2B |
负债/权益比LMNDRKLB
| 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 | $-16.5M | $-64.5M |
| 自由现金流经营现金流 - 资本支出 | $-25.9M | $-114.2M |
| 自由现金流率自由现金流/营收 | -11.4% | -63.6% |
| 资本支出强度资本支出/营收 | 4.1% | 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 | $-69.4M | $-321.8M |
8季度趋势，按日历期对齐
经营现金流LMNDRKLB
| Q4 25 | $-16.5M | $-64.5M | ||
| Q3 25 | $4.5M | $-23.5M | ||
| Q2 25 | $5.5M | $-23.2M | ||
| Q1 25 | $-47.2M | $-54.2M | ||
| Q4 24 | $-11.4M | $-2.4M | ||
| Q3 24 | $16.3M | $-30.9M | ||
| Q2 24 | $-11.7M | $-13.0M | ||
| Q1 24 | $-29.8M | $-2.6M |
自由现金流LMNDRKLB
| Q4 25 | $-25.9M | $-114.2M | ||
| Q3 25 | $2.6M | $-69.4M | ||
| Q2 25 | $3.4M | $-55.3M | ||
| Q1 25 | $-49.5M | $-82.9M | ||
| Q4 24 | $-20.8M | $-23.9M | ||
| Q3 24 | $14.1M | $-41.9M | ||
| Q2 24 | $-13.2M | $-28.3M | ||
| Q1 24 | $-32.3M | $-21.8M |
自由现金流率LMNDRKLB
| Q4 25 | -11.4% | -63.6% | ||
| Q3 25 | 1.3% | -44.8% | ||
| Q2 25 | 2.1% | -38.3% | ||
| Q1 25 | -32.7% | -67.6% | ||
| Q4 24 | -14.0% | -18.1% | ||
| Q3 24 | 10.3% | -40.0% | ||
| Q2 24 | -10.8% | -26.7% | ||
| Q1 24 | -27.1% | -23.5% |
资本支出强度LMNDRKLB
| Q4 25 | 4.1% | 27.6% | ||
| Q3 25 | 1.0% | 29.6% | ||
| Q2 25 | 1.3% | 22.2% | ||
| Q1 25 | 1.5% | 23.4% | ||
| Q4 24 | 6.3% | 16.3% | ||
| Q3 24 | 1.6% | 10.5% | ||
| Q2 24 | 1.2% | 14.4% | ||
| Q1 24 | 2.1% | 20.7% |
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
LMND
暂无分部数据
RKLB
| Products | $94.0M | 52% |
| Transferred Over Time | $87.3M | 49% |
