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迈梭电子（MEI）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
迈梭电子的季度营收约是Rocket Lab Corp的1.4倍（$246.9M vs $179.7M），迈梭电子净利率更高（-4.0% vs -29.5%，领先25.4%），Rocket Lab Corp同比增速更快（35.7% vs -15.6%），迈梭电子自由现金流更多（$-11.6M vs $-114.2M），过去两年Rocket Lab Corp的营收复合增速更高（39.2% vs -2.5%）
迈梭电子是一家总部位于美国伊利诺伊州芝加哥的跨国企业，主要业务涵盖工程研发、生产制造与销售服务，目前在全球14个国家设有超过35个运营网点，全球员工总数约6500人。
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。
MEI vs RKLB — 直观对比
营收规模更大
MEI
是对方的1.4倍
$179.7M
营收增速更快
RKLB
高出51.3%
-15.6%
净利率更高
MEI
高出25.4%
-29.5%
自由现金流更多
MEI
多$102.6M
$-114.2M
两年增速更快
RKLB
近两年复合增速
-2.5%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $246.9M | $179.7M |
| 净利润 | $-9.9M | $-52.9M |
| 毛利率 | 19.3% | 38.0% |
| 营业利润率 | 1.2% | -28.4% |
| 净利率 | -4.0% | -29.5% |
| 营收同比 | -15.6% | 35.7% |
| 净利润同比 | -518.8% | -1.1% |
| 每股收益（稀释后） | $-0.28 | $-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MEIRKLB
| Q4 25 | $246.9M | $179.7M | ||
| Q3 25 | $240.5M | $155.1M | ||
| Q2 25 | $257.1M | $144.5M | ||
| Q1 25 | $239.9M | $122.6M | ||
| Q4 24 | $292.6M | $132.4M | ||
| Q3 24 | $258.5M | $104.8M | ||
| Q2 24 | $277.3M | $106.3M | ||
| Q1 24 | $259.5M | $92.8M |
净利润MEIRKLB
| Q4 25 | $-9.9M | $-52.9M | ||
| Q3 25 | $-10.3M | $-18.3M | ||
| Q2 25 | $-28.3M | $-66.4M | ||
| Q1 25 | $-14.4M | $-60.6M | ||
| Q4 24 | $-1.6M | $-52.3M | ||
| Q3 24 | $-18.3M | $-51.9M | ||
| Q2 24 | $-57.3M | $-41.6M | ||
| Q1 24 | $-11.6M | $-44.3M |
毛利率MEIRKLB
| Q4 25 | 19.3% | 38.0% | ||
| Q3 25 | 18.1% | 37.0% | ||
| Q2 25 | 7.6% | 32.1% | ||
| Q1 25 | 17.2% | 28.8% | ||
| Q4 24 | 19.8% | 27.8% | ||
| Q3 24 | 17.3% | 26.7% | ||
| Q2 24 | 12.8% | 25.6% | ||
| Q1 24 | 14.3% | 26.1% |
营业利润率MEIRKLB
| Q4 25 | 1.2% | -28.4% | ||
| Q3 25 | 0.5% | -38.0% | ||
| Q2 25 | -9.2% | -41.3% | ||
| Q1 25 | -0.9% | -48.3% | ||
| Q4 24 | 3.2% | -38.9% | ||
| Q3 24 | -2.9% | -49.5% | ||
| Q2 24 | -22.2% | -40.7% | ||
| Q1 24 | -1.2% | -46.4% |
净利率MEIRKLB
| Q4 25 | -4.0% | -29.5% | ||
| Q3 25 | -4.3% | -11.8% | ||
| Q2 25 | -11.0% | -46.0% | ||
| Q1 25 | -6.0% | -49.5% | ||
| Q4 24 | -0.5% | -39.5% | ||
| Q3 24 | -7.1% | -49.6% | ||
| Q2 24 | -20.7% | -39.2% | ||
| Q1 24 | -4.5% | -47.7% |
每股收益（稀释后）MEIRKLB
| Q4 25 | $-0.28 | $-0.09 | ||
| Q3 25 | $-0.29 | $-0.03 | ||
| Q2 25 | $-0.79 | $-0.13 | ||
| Q1 25 | $-0.41 | $-0.12 | ||
| Q4 24 | $-0.05 | $-0.11 | ||
| Q3 24 | $-0.52 | $-0.10 | ||
| Q2 24 | $-1.62 | $-0.08 | ||
| Q1 24 | $-0.33 | $-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 | $118.5M | $1.0B |
| 总债务越低越好 | $332.5M | $152.4M |
| 股东权益账面价值 | $679.3M | $1.7B |
| 总资产 | $1.3B | $2.3B |
| 负债/权益比越低杠杆越低 | 0.49× | 0.09× |
8季度趋势，按日历期对齐
现金及短期投资MEIRKLB
| Q4 25 | $118.5M | $1.0B | ||
| Q3 25 | $121.1M | $976.7M | ||
| Q2 25 | $103.6M | $688.1M | ||
| Q1 25 | $103.8M | $428.4M | ||
| Q4 24 | $97.0M | $419.0M | ||
| Q3 24 | $111.3M | $442.4M | ||
| Q2 24 | $161.5M | $496.8M | ||
| Q1 24 | $122.9M | $492.5M |
总债务MEIRKLB
| Q4 25 | $332.5M | $152.4M | ||
| Q3 25 | $323.4M | $347.0M | ||
| Q2 25 | $317.6M | $346.5M | ||
| Q1 25 | $327.9M | $345.9M | ||
| Q4 24 | $340.6M | $345.4M | ||
| Q3 24 | $296.0M | $61.2M | ||
| Q2 24 | $330.9M | $64.2M | ||
| Q1 24 | $331.3M | $66.8M |
股东权益MEIRKLB
| Q4 25 | $679.3M | $1.7B | ||
| Q3 25 | $688.1M | $1.3B | ||
| Q2 25 | $693.3M | $688.5M | ||
| Q1 25 | $704.3M | $431.3M | ||
| Q4 24 | $738.3M | $382.5M | ||
| Q3 24 | $744.4M | $419.8M | ||
| Q2 24 | $766.0M | $455.2M | ||
| Q1 24 | $835.0M | $478.9M |
总资产MEIRKLB
| Q4 25 | $1.3B | $2.3B | ||
| Q3 25 | $1.3B | $2.2B | ||
| Q2 25 | $1.3B | $1.6B | ||
| Q1 25 | $1.3B | $1.3B | ||
| Q4 24 | $1.4B | $1.2B | ||
| Q3 24 | $1.4B | $1.2B | ||
| Q2 24 | $1.4B | $1.2B | ||
| Q1 24 | $1.5B | $1.2B |
负债/权益比MEIRKLB
| Q4 25 | 0.49× | 0.09× | ||
| Q3 25 | 0.47× | 0.27× | ||
| Q2 25 | 0.46× | 0.50× | ||
| Q1 25 | 0.47× | 0.80× | ||
| Q4 24 | 0.46× | 0.90× | ||
| Q3 24 | 0.40× | 0.15× | ||
| Q2 24 | 0.43× | 0.14× | ||
| Q1 24 | 0.40× | 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 | $-7.4M | $-64.5M |
| 自由现金流经营现金流 - 资本支出 | $-11.6M | $-114.2M |
| 自由现金流率自由现金流/营收 | -4.7% | -63.6% |
| 资本支出强度资本支出/营收 | 1.7% | 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 | $52.3M | $-321.8M |
8季度趋势，按日历期对齐
经营现金流MEIRKLB
| Q4 25 | $-7.4M | $-64.5M | ||
| Q3 25 | $25.1M | $-23.5M | ||
| Q2 25 | $35.4M | $-23.2M | ||
| Q1 25 | $28.1M | $-54.2M | ||
| Q4 24 | $-48.0M | $-2.4M | ||
| Q3 24 | $10.9M | $-30.9M | ||
| Q2 24 | $24.9M | $-13.0M | ||
| Q1 24 | $28.8M | $-2.6M |
自由现金流MEIRKLB
| Q4 25 | $-11.6M | $-114.2M | ||
| Q3 25 | $18.0M | $-69.4M | ||
| Q2 25 | $26.3M | $-55.3M | ||
| Q1 25 | $19.6M | $-82.9M | ||
| Q4 24 | $-58.4M | $-23.9M | ||
| Q3 24 | $-2.7M | $-41.9M | ||
| Q2 24 | $15.8M | $-28.3M | ||
| Q1 24 | $12.2M | $-21.8M |
自由现金流率MEIRKLB
| Q4 25 | -4.7% | -63.6% | ||
| Q3 25 | 7.5% | -44.8% | ||
| Q2 25 | 10.2% | -38.3% | ||
| Q1 25 | 8.2% | -67.6% | ||
| Q4 24 | -20.0% | -18.1% | ||
| Q3 24 | -1.0% | -40.0% | ||
| Q2 24 | 5.7% | -26.7% | ||
| Q1 24 | 4.7% | -23.5% |
资本支出强度MEIRKLB
| Q4 25 | 1.7% | 27.6% | ||
| Q3 25 | 3.0% | 29.6% | ||
| Q2 25 | 3.5% | 22.2% | ||
| Q1 25 | 3.5% | 23.4% | ||
| Q4 24 | 3.6% | 16.3% | ||
| Q3 24 | 5.3% | 10.5% | ||
| Q2 24 | 3.3% | 14.4% | ||
| Q1 24 | 6.4% | 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
MEI
暂无分部数据
RKLB
| Products | $94.0M | 52% |
| Transferred Over Time | $87.3M | 49% |
