vs
Mister Car Wash, Inc.（MCW）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
Mister Car Wash, Inc.的季度营收约是Rocket Lab Corp的1.5倍（$261.2M vs $179.7M），Mister Car Wash, Inc.净利率更高（7.7% vs -29.5%，领先37.1%），Rocket Lab Corp同比增速更快（35.7% vs 4.0%），Mister Car Wash, Inc.自由现金流更多（$-16.8M vs $-114.2M），过去两年Rocket Lab Corp的营收复合增速更高（39.2% vs 4.5%）
棕熊洗车是总部位于美国华盛顿州的连锁洗车品牌，1957年在西雅图成立，截至2021年拥有49家门店，是美国排名第12位的大型洗车连锁企业，在当地洗车服务市场拥有较高的市场认可度。
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。
MCW vs RKLB — 直观对比
营收规模更大
MCW
是对方的1.5倍
$179.7M
营收增速更快
RKLB
高出31.7%
4.0%
净利率更高
MCW
高出37.1%
-29.5%
自由现金流更多
MCW
多$97.4M
$-114.2M
两年增速更快
RKLB
近两年复合增速
4.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $261.2M | $179.7M |
| 净利润 | $20.1M | $-52.9M |
| 毛利率 | — | 38.0% |
| 营业利润率 | 15.8% | -28.4% |
| 净利率 | 7.7% | -29.5% |
| 营收同比 | 4.0% | 35.7% |
| 净利润同比 | 118.9% | -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MCWRKLB
| Q4 25 | $261.2M | $179.7M | ||
| Q3 25 | $263.4M | $155.1M | ||
| Q2 25 | $265.4M | $144.5M | ||
| Q1 25 | $261.7M | $122.6M | ||
| Q4 24 | $251.2M | $132.4M | ||
| Q3 24 | $249.3M | $104.8M | ||
| Q2 24 | $255.0M | $106.3M | ||
| Q1 24 | $239.2M | $92.8M |
净利润MCWRKLB
| Q4 25 | $20.1M | $-52.9M | ||
| Q3 25 | $27.4M | $-18.3M | ||
| Q2 25 | $28.6M | $-66.4M | ||
| Q1 25 | $27.0M | $-60.6M | ||
| Q4 24 | $9.2M | $-52.3M | ||
| Q3 24 | $22.3M | $-51.9M | ||
| Q2 24 | $22.1M | $-41.6M | ||
| Q1 24 | $16.6M | $-44.3M |
毛利率MCWRKLB
| 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MCWRKLB
| Q4 25 | 15.8% | -28.4% | ||
| Q3 25 | 19.7% | -38.0% | ||
| Q2 25 | 20.4% | -41.3% | ||
| Q1 25 | 20.2% | -48.3% | ||
| Q4 24 | 12.7% | -38.9% | ||
| Q3 24 | 19.9% | -49.5% | ||
| Q2 24 | 21.6% | -40.7% | ||
| Q1 24 | 17.8% | -46.4% |
净利率MCWRKLB
| Q4 25 | 7.7% | -29.5% | ||
| Q3 25 | 10.4% | -11.8% | ||
| Q2 25 | 10.8% | -46.0% | ||
| Q1 25 | 10.3% | -49.5% | ||
| Q4 24 | 3.7% | -39.5% | ||
| Q3 24 | 9.0% | -49.6% | ||
| Q2 24 | 8.7% | -39.2% | ||
| Q1 24 | 7.0% | -47.7% |
每股收益（稀释后）MCWRKLB
| Q4 25 | $0.06 | $-0.09 | ||
| Q3 25 | $0.08 | $-0.03 | ||
| Q2 25 | $0.09 | $-0.13 | ||
| Q1 25 | $0.08 | $-0.12 | ||
| Q4 24 | $0.02 | $-0.11 | ||
| Q3 24 | $0.07 | $-0.10 | ||
| Q2 24 | $0.07 | $-0.08 | ||
| Q1 24 | $0.05 | $-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 | $28.4M | $1.0B |
| 总债务越低越好 | — | $152.4M |
| 股东权益账面价值 | $1.1B | $1.7B |
| 总资产 | $3.2B | $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MCWRKLB
| Q4 25 | $28.4M | $1.0B | ||
| Q3 25 | $35.7M | $976.7M | ||
| Q2 25 | $26.4M | $688.1M | ||
| Q1 25 | $39.1M | $428.4M | ||
| Q4 24 | $67.5M | $419.0M | ||
| Q3 24 | $16.5M | $442.4M | ||
| Q2 24 | $3.6M | $496.8M | ||
| Q1 24 | $10.7M | $492.5M |
总债务MCWRKLB
| 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MCWRKLB
| Q4 25 | $1.1B | $1.7B | ||
| Q3 25 | $1.1B | $1.3B | ||
| Q2 25 | $1.1B | $688.5M | ||
| Q1 25 | $1.0B | $431.3M | ||
| Q4 24 | $998.4M | $382.5M | ||
| Q3 24 | $979.4M | $419.8M | ||
| Q2 24 | $949.4M | $455.2M | ||
| Q1 24 | $928.7M | $478.9M |
总资产MCWRKLB
| Q4 25 | $3.2B | $2.3B | ||
| Q3 25 | $3.1B | $2.2B | ||
| Q2 25 | $3.1B | $1.6B | ||
| Q1 25 | $3.1B | $1.3B | ||
| Q4 24 | $3.1B | $1.2B | ||
| Q3 24 | $3.0B | $1.2B | ||
| Q2 24 | $3.0B | $1.2B | ||
| Q1 24 | $2.9B | $1.2B |
负债/权益比MCWRKLB
| 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 | $60.0M | $-64.5M |
| 自由现金流经营现金流 - 资本支出 | $-16.8M | $-114.2M |
| 自由现金流率自由现金流/营收 | -6.4% | -63.6% |
| 资本支出强度资本支出/营收 | 29.4% | 27.6% |
| 现金转化率经营现金流/净利润 | 2.99× | — |
| 过去12个月自由现金流最近4个季度 | $30.3M | $-321.8M |
8季度趋势，按日历期对齐
经营现金流MCWRKLB
| Q4 25 | $60.0M | $-64.5M | ||
| Q3 25 | $91.4M | $-23.5M | ||
| Q2 25 | $46.8M | $-23.2M | ||
| Q1 25 | $87.5M | $-54.2M | ||
| Q4 24 | $49.8M | $-2.4M | ||
| Q3 24 | $80.0M | $-30.9M | ||
| Q2 24 | $60.9M | $-13.0M | ||
| Q1 24 | $58.0M | $-2.6M |
自由现金流MCWRKLB
| Q4 25 | $-16.8M | $-114.2M | ||
| Q3 25 | $25.8M | $-69.4M | ||
| Q2 25 | $-11.2M | $-55.3M | ||
| Q1 25 | $32.5M | $-82.9M | ||
| Q4 24 | $-20.4M | $-23.9M | ||
| Q3 24 | $-16.8M | $-41.9M | ||
| Q2 24 | $-20.4M | $-28.3M | ||
| Q1 24 | $-23.9M | $-21.8M |
自由现金流率MCWRKLB
| Q4 25 | -6.4% | -63.6% | ||
| Q3 25 | 9.8% | -44.8% | ||
| Q2 25 | -4.2% | -38.3% | ||
| Q1 25 | 12.4% | -67.6% | ||
| Q4 24 | -8.1% | -18.1% | ||
| Q3 24 | -6.8% | -40.0% | ||
| Q2 24 | -8.0% | -26.7% | ||
| Q1 24 | -10.0% | -23.5% |
资本支出强度MCWRKLB
| Q4 25 | 29.4% | 27.6% | ||
| Q3 25 | 24.9% | 29.6% | ||
| Q2 25 | 21.9% | 22.2% | ||
| Q1 25 | 21.1% | 23.4% | ||
| Q4 24 | 27.9% | 16.3% | ||
| Q3 24 | 38.8% | 10.5% | ||
| Q2 24 | 31.9% | 14.4% | ||
| Q1 24 | 34.2% | 20.7% |
现金转化率MCWRKLB
| Q4 25 | 2.99× | — | ||
| Q3 25 | 3.33× | — | ||
| Q2 25 | 1.64× | — | ||
| Q1 25 | 3.24× | — | ||
| Q4 24 | 5.43× | — | ||
| Q3 24 | 3.58× | — | ||
| Q2 24 | 2.76× | — | ||
| Q1 24 | 3.49× | — |
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
MCW
| Transferred Over Time | $205.7M | 79% |
| Transferred At Point In Time | $55.2M | 21% |
RKLB
| Products | $94.0M | 52% |
| Transferred Over Time | $87.3M | 49% |
