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莱迪思半导体（LSCC）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的季度营收约是莱迪思半导体的1.2倍（$179.7M vs $145.8M），莱迪思半导体净利率更高（-5.2% vs -29.5%，领先24.2%），Rocket Lab Corp同比增速更快（35.7% vs 9.3%），莱迪思半导体自由现金流更多（$44.0M vs $-114.2M），过去两年Rocket Lab Corp的营收复合增速更高（39.2% vs 8.4%）
莱迪思半导体是美国专注于低功耗现场可编程门阵列（FPGA）设计制造的半导体企业，1983年成立，1989年上市，总部位于俄勒冈州希尔斯伯勒硅林区，在圣何塞、上海、马尼拉、槟城、新加坡等地设有运营网点，截至2022年员工超1000人，年营收超6.6亿美元。
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。
LSCC vs RKLB — 直观对比
营收规模更大
RKLB
是对方的1.2倍
$145.8M
营收增速更快
RKLB
高出26.4%
9.3%
净利率更高
LSCC
高出24.2%
-29.5%
自由现金流更多
LSCC
多$158.2M
$-114.2M
两年增速更快
RKLB
近两年复合增速
8.4%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $145.8M | $179.7M |
| 净利润 | $-7.6M | $-52.9M |
| 毛利率 | 68.5% | 38.0% |
| 营业利润率 | 30.7% | -28.4% |
| 净利率 | -5.2% | -29.5% |
| 营收同比 | 9.3% | 35.7% |
| 净利润同比 | 14.6% | -1.1% |
| 每股收益（稀释后） | $-0.06 | $-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LSCCRKLB
| Q1 26 | $145.8M | — | ||
| Q4 25 | — | $179.7M | ||
| Q3 25 | $133.3M | $155.1M | ||
| Q2 25 | $124.0M | $144.5M | ||
| Q1 25 | $120.2M | $122.6M | ||
| Q4 24 | $117.4M | $132.4M | ||
| Q3 24 | $127.1M | $104.8M | ||
| Q2 24 | $124.1M | $106.3M |
净利润LSCCRKLB
| Q1 26 | $-7.6M | — | ||
| Q4 25 | — | $-52.9M | ||
| Q3 25 | $2.8M | $-18.3M | ||
| Q2 25 | $2.9M | $-66.4M | ||
| Q1 25 | $5.0M | $-60.6M | ||
| Q4 24 | $16.5M | $-52.3M | ||
| Q3 24 | $7.2M | $-51.9M | ||
| Q2 24 | $22.6M | $-41.6M |
毛利率LSCCRKLB
| Q1 26 | 68.5% | — | ||
| Q4 25 | — | 38.0% | ||
| Q3 25 | 67.9% | 37.0% | ||
| Q2 25 | 68.4% | 32.1% | ||
| Q1 25 | 68.0% | 28.8% | ||
| Q4 24 | 61.1% | 27.8% | ||
| Q3 24 | 69.0% | 26.7% | ||
| Q2 24 | 68.3% | 25.6% |
营业利润率LSCCRKLB
| Q1 26 | 0.7% | — | ||
| Q4 25 | — | -28.4% | ||
| Q3 25 | -1.2% | -38.0% | ||
| Q2 25 | 3.8% | -41.3% | ||
| Q1 25 | 5.8% | -48.3% | ||
| Q4 24 | -10.4% | -38.9% | ||
| Q3 24 | 5.9% | -49.5% | ||
| Q2 24 | 18.2% | -40.7% |
净利率LSCCRKLB
| Q1 26 | -5.2% | — | ||
| Q4 25 | — | -29.5% | ||
| Q3 25 | 2.1% | -11.8% | ||
| Q2 25 | 2.3% | -46.0% | ||
| Q1 25 | 4.2% | -49.5% | ||
| Q4 24 | 14.1% | -39.5% | ||
| Q3 24 | 5.7% | -49.6% | ||
| Q2 24 | 18.2% | -39.2% |
每股收益（稀释后）LSCCRKLB
| Q1 26 | $-0.06 | — | ||
| Q4 25 | — | $-0.09 | ||
| Q3 25 | $0.02 | $-0.03 | ||
| Q2 25 | $0.02 | $-0.13 | ||
| Q1 25 | $0.04 | $-0.12 | ||
| Q4 24 | $0.12 | $-0.11 | ||
| Q3 24 | $0.05 | $-0.10 | ||
| Q2 24 | $0.16 | $-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 | $133.9M | $1.0B |
| 总债务越低越好 | — | $152.4M |
| 股东权益账面价值 | $714.1M | $1.7B |
| 总资产 | — | $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LSCCRKLB
| Q1 26 | $133.9M | — | ||
| Q4 25 | — | $1.0B | ||
| Q3 25 | $117.9M | $976.7M | ||
| Q2 25 | $107.2M | $688.1M | ||
| Q1 25 | $127.6M | $428.4M | ||
| Q4 24 | $136.3M | $419.0M | ||
| Q3 24 | $124.3M | $442.4M | ||
| Q2 24 | $109.2M | $496.8M |
总债务LSCCRKLB
| Q1 26 | — | — | ||
| 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 |
股东权益LSCCRKLB
| Q1 26 | $714.1M | — | ||
| Q4 25 | — | $1.7B | ||
| Q3 25 | $706.4M | $1.3B | ||
| Q2 25 | $687.0M | $688.5M | ||
| Q1 25 | $707.9M | $431.3M | ||
| Q4 24 | $710.9M | $382.5M | ||
| Q3 24 | $703.5M | $419.8M | ||
| Q2 24 | $698.8M | $455.2M |
总资产LSCCRKLB
| Q1 26 | $883.1M | — | ||
| Q4 25 | — | $2.3B | ||
| Q3 25 | $844.4M | $2.2B | ||
| Q2 25 | $808.6M | $1.6B | ||
| Q1 25 | $823.6M | $1.3B | ||
| Q4 24 | $843.9M | $1.2B | ||
| Q3 24 | $853.7M | $1.2B | ||
| Q2 24 | $827.5M | $1.2B |
负债/权益比LSCCRKLB
| Q1 26 | — | — | ||
| 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× |
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 | $57.6M | $-64.5M |
| 自由现金流经营现金流 - 资本支出 | $44.0M | $-114.2M |
| 自由现金流率自由现金流/营收 | 30.2% | -63.6% |
| 资本支出强度资本支出/营收 | — | 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 | $153.3M | $-321.8M |
8季度趋势，按日历期对齐
经营现金流LSCCRKLB
| Q1 26 | $57.6M | — | ||
| Q4 25 | — | $-64.5M | ||
| Q3 25 | $47.1M | $-23.5M | ||
| Q2 25 | $38.5M | $-23.2M | ||
| Q1 25 | $31.9M | $-54.2M | ||
| Q4 24 | $45.4M | $-2.4M | ||
| Q3 24 | $44.0M | $-30.9M | ||
| Q2 24 | $21.9M | $-13.0M |
自由现金流LSCCRKLB
| Q1 26 | $44.0M | — | ||
| Q4 25 | — | $-114.2M | ||
| Q3 25 | $34.0M | $-69.4M | ||
| Q2 25 | $31.3M | $-55.3M | ||
| Q1 25 | $23.3M | $-82.9M | ||
| Q4 24 | $39.7M | $-23.9M | ||
| Q3 24 | $39.4M | $-41.9M | ||
| Q2 24 | $14.8M | $-28.3M |
自由现金流率LSCCRKLB
| Q1 26 | 30.2% | — | ||
| Q4 25 | — | -63.6% | ||
| Q3 25 | 25.5% | -44.8% | ||
| Q2 25 | 25.2% | -38.3% | ||
| Q1 25 | 19.4% | -67.6% | ||
| Q4 24 | 33.8% | -18.1% | ||
| Q3 24 | 31.0% | -40.0% | ||
| Q2 24 | 11.9% | -26.7% |
资本支出强度LSCCRKLB
| Q1 26 | 9.3% | — | ||
| Q4 25 | — | 27.6% | ||
| Q3 25 | 9.8% | 29.6% | ||
| Q2 25 | 5.8% | 22.2% | ||
| Q1 25 | 7.2% | 23.4% | ||
| Q4 24 | 4.9% | 16.3% | ||
| Q3 24 | 3.7% | 10.5% | ||
| Q2 24 | 5.8% | 14.4% |
现金转化率LSCCRKLB
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 16.86× | — | ||
| Q2 25 | 13.23× | — | ||
| Q1 25 | 6.35× | — | ||
| Q4 24 | 2.75× | — | ||
| Q3 24 | 6.12× | — | ||
| Q2 24 | 0.97× | — |
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
LSCC
暂无分部数据
RKLB
| Products | $94.0M | 52% |
| Transferred Over Time | $87.3M | 49% |
