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蓝威斯顿（LW）与Rocket Companies, Inc.（RKT）财务数据对比。点击上方公司名可切换其他公司
Rocket Companies, Inc.的季度营收约是蓝威斯顿的1.7倍（$2.7B vs $1.6B），蓝威斯顿净利率更高（3.5% vs 2.5%，领先0.9%），Rocket Companies, Inc.同比增速更快（52.2% vs 2.9%），蓝威斯顿自由现金流更多（$-36.3M vs $-1.3B），过去两年Rocket Companies, Inc.的营收复合增速更高（39.5% vs -1.5%）
蓝威斯顿控股是美国食品加工企业，为全球规模最大的冷冻薯条、华夫薯条及其他冷冻马铃薯制品的生产商与加工商之一，总部坐落于爱达荷州博伊西市郊的伊格尔市。
Rocket Companies, Inc.是美国金融科技及住房服务企业，由丹·吉尔伯特创立，总部位于密歇根州底特律市中心。公司依托旗舰子公司Rocket Mortgage跻身美国最大抵押贷款提供商行列，旗下还拥有Redfin、Forsalebyowner.com、Rocket Money等子品牌。
LW vs RKT — 直观对比
营收规模更大
RKT
是对方的1.7倍
$1.6B
营收增速更快
RKT
高出49.2%
2.9%
净利率更高
LW
高出0.9%
2.5%
自由现金流更多
LW
多$1.2B
$-1.3B
两年增速更快
RKT
近两年复合增速
-1.5%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.6B | $2.7B |
| 净利润 | $54.0M | $68.0M |
| 毛利率 | 21.2% | — |
| 营业利润率 | 8.1% | 6.3% |
| 净利率 | 3.5% | 2.5% |
| 营收同比 | 2.9% | 52.2% |
| 净利润同比 | -63.0% | 100.8% |
| 每股收益（稀释后） | $0.39 | $0.10 |
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LWRKT
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.6B | $2.7B | ||
| Q3 25 | $1.7B | $1.6B | ||
| Q2 25 | $1.7B | $1.4B | ||
| Q1 25 | $1.5B | $1.0B | ||
| Q4 24 | $1.6B | $1.8B | ||
| Q3 24 | $1.7B | $646.9M | ||
| Q2 24 | $1.6B | $1.3B |
净利润LWRKT
| Q1 26 | $54.0M | — | ||
| Q4 25 | $62.1M | $68.0M | ||
| Q3 25 | $64.3M | $-123.9M | ||
| Q2 25 | $119.9M | $-1.8M | ||
| Q1 25 | $146.0M | $-10.4M | ||
| Q4 24 | $-36.1M | $33.9M | ||
| Q3 24 | $127.4M | $-22.0M | ||
| Q2 24 | $129.6M | $1.3M |
毛利率LWRKT
| Q1 26 | 21.2% | — | ||
| Q4 25 | 20.0% | — | ||
| Q3 25 | 20.6% | — | ||
| Q2 25 | 20.4% | — | ||
| Q1 25 | 27.8% | — | ||
| Q4 24 | 17.4% | 58.9% | ||
| Q3 24 | 21.5% | -8.4% | ||
| Q2 24 | 24.1% | 47.4% |
营业利润率LWRKT
| Q1 26 | 8.1% | — | ||
| Q4 25 | 8.6% | 6.3% | ||
| Q3 25 | 9.4% | -11.5% | ||
| Q2 25 | 11.1% | 1.8% | ||
| Q1 25 | 16.4% | -21.5% | ||
| Q4 24 | 1.2% | 38.1% | ||
| Q3 24 | 12.8% | -76.9% | ||
| Q2 24 | 13.2% | 14.8% |
净利率LWRKT
| Q1 26 | 3.5% | — | ||
| Q4 25 | 3.8% | 2.5% | ||
| Q3 25 | 3.9% | -7.7% | ||
| Q2 25 | 7.2% | -0.1% | ||
| Q1 25 | 9.6% | -1.0% | ||
| Q4 24 | -2.3% | 1.9% | ||
| Q3 24 | 7.7% | -3.4% | ||
| Q2 24 | 8.0% | 0.1% |
每股收益（稀释后）LWRKT
| Q1 26 | $0.39 | — | ||
| Q4 25 | $0.44 | $0.10 | ||
| Q3 25 | $0.46 | $-0.06 | ||
| Q2 25 | $0.84 | $-0.01 | ||
| Q1 25 | $1.03 | $-0.08 | ||
| Q4 24 | $-0.25 | $0.28 | ||
| Q3 24 | $0.88 | $-0.19 | ||
| Q2 24 | $0.89 | $0.01 |
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 | $57.5M | $2.7B |
| 总债务越低越好 | $3.6B | — |
| 股东权益账面价值 | $1.8B | $22.9B |
| 总资产 | $7.4B | $60.7B |
| 负债/权益比越低杠杆越低 | 1.99× | — |
8季度趋势，按日历期对齐
现金及短期投资LWRKT
| Q1 26 | $57.5M | — | ||
| Q4 25 | $82.7M | $2.7B | ||
| Q3 25 | $98.6M | $5.8B | ||
| Q2 25 | $70.7M | $5.1B | ||
| Q1 25 | $67.5M | $1.4B | ||
| Q4 24 | $79.0M | $1.3B | ||
| Q3 24 | $120.8M | $1.2B | ||
| Q2 24 | $71.4M | $1.3B |
总债务LWRKT
| Q1 26 | $3.6B | — | ||
| Q4 25 | $3.6B | — | ||
| Q3 25 | $3.7B | — | ||
| Q2 25 | $3.7B | — | ||
| Q1 25 | $3.7B | — | ||
| Q4 24 | $3.7B | — | ||
| Q3 24 | $3.4B | — | ||
| Q2 24 | $3.4B | — |
股东权益LWRKT
| Q1 26 | $1.8B | — | ||
| Q4 25 | $1.8B | $22.9B | ||
| Q3 25 | $1.8B | $8.9B | ||
| Q2 25 | $1.7B | $7.4B | ||
| Q1 25 | $1.6B | $8.6B | ||
| Q4 24 | $1.6B | $9.0B | ||
| Q3 24 | $1.8B | $8.4B | ||
| Q2 24 | $1.8B | $8.8B |
总资产LWRKT
| Q1 26 | $7.4B | — | ||
| Q4 25 | $7.3B | $60.7B | ||
| Q3 25 | $7.2B | $33.6B | ||
| Q2 25 | $7.4B | $30.4B | ||
| Q1 25 | $7.4B | $25.3B | ||
| Q4 24 | $7.5B | $24.5B | ||
| Q3 24 | $7.5B | $25.1B | ||
| Q2 24 | $7.4B | $23.6B |
负债/权益比LWRKT
| Q1 26 | 1.99× | — | ||
| Q4 25 | 2.08× | — | ||
| Q3 25 | 2.05× | — | ||
| Q2 25 | 2.12× | — | ||
| Q1 25 | 2.25× | — | ||
| Q4 24 | 2.26× | — | ||
| Q3 24 | 1.87× | — | ||
| Q2 24 | 1.92× | — |
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 | $65.2M | $-1.2B |
| 自由现金流经营现金流 - 资本支出 | $-36.3M | $-1.3B |
| 自由现金流率自由现金流/营收 | -2.3% | -47.2% |
| 资本支出强度资本支出/营收 | 6.5% | 1.5% |
| 现金转化率经营现金流/净利润 | 1.21× | -18.08× |
| 过去12个月自由现金流最近4个季度 | $569.2M | $-4.0B |
8季度趋势，按日历期对齐
经营现金流LWRKT
| Q1 26 | $65.2M | — | ||
| Q4 25 | $178.4M | $-1.2B | ||
| Q3 25 | $352.0M | $-50.3M | ||
| Q2 25 | $868.3M | $-1.9B | ||
| Q1 25 | $56.0M | $-797.0M | ||
| Q4 24 | $99.1M | $1.8B | ||
| Q3 24 | $330.2M | $-1.3B | ||
| Q2 24 | $798.2M | $-122.3M |
自由现金流LWRKT
| Q1 26 | $-36.3M | — | ||
| Q4 25 | $101.0M | $-1.3B | ||
| Q3 25 | $274.4M | $-71.8M | ||
| Q2 25 | $230.1M | $-1.9B | ||
| Q1 25 | $-19.8M | $-811.0M | ||
| Q4 24 | $-49.6M | $1.8B | ||
| Q3 24 | $4.3M | $-1.4B | ||
| Q2 24 | $-131.3M | $-138.3M |
自由现金流率LWRKT
| Q1 26 | -2.3% | — | ||
| Q4 25 | 6.2% | -47.2% | ||
| Q3 25 | 16.5% | -4.5% | ||
| Q2 25 | 13.7% | -137.2% | ||
| Q1 25 | -1.3% | -78.2% | ||
| Q4 24 | -3.1% | 103.1% | ||
| Q3 24 | 0.3% | -209.6% | ||
| Q2 24 | -8.1% | -10.6% |
资本支出强度LWRKT
| Q1 26 | 6.5% | — | ||
| Q4 25 | 4.8% | 1.5% | ||
| Q3 25 | 4.7% | 1.3% | ||
| Q2 25 | 38.1% | 1.1% | ||
| Q1 25 | 5.0% | 1.4% | ||
| Q4 24 | 9.3% | 1.1% | ||
| Q3 24 | 19.7% | 2.9% | ||
| Q2 24 | 57.7% | 1.2% |
现金转化率LWRKT
| Q1 26 | 1.21× | — | ||
| Q4 25 | 2.87× | -18.08× | ||
| Q3 25 | 5.47× | — | ||
| Q2 25 | 7.24× | — | ||
| Q1 25 | 0.38× | — | ||
| Q4 24 | — | 54.42× | ||
| Q3 24 | 2.59× | — | ||
| Q2 24 | 6.16× | -94.46× |
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
LW
| Segments North America | $1.0B | 66% |
| Segments International | $529.8M | 34% |
RKT
| Other | $1.4B | 51% |
| Direct To Customer Segment | $945.8M | 35% |
| Partner Network Segment | $216.7M | 8% |
| Subscription Revenue | $91.3M | 3% |
| Closing Fees | $47.1M | 2% |
| Appraisal Revenue | $10.7M | 0% |
