vs
Ramaco Resources, Inc.（METC）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Ramaco Resources, Inc.的1.5倍（$179.7M vs $121.0M），Ramaco Resources, Inc.净利率更高（-11.0% vs -29.5%，领先18.5%），Rocket Lab Corp同比增速更快（35.7% vs -27.7%），Ramaco Resources, Inc.自由现金流更多（$-17.5M vs $-114.2M），过去两年Rocket Lab Corp的营收复合增速更高（39.2% vs -22.7%）
Ramaco Resources, Inc.是一家总部位于美国的矿业企业，主营高等级冶金煤生产，在阿巴拉契亚地区运营多处采矿资产，产品供应全球钢铁制造商及工业客户，核心业务为可持续、低成本的冶金煤开采与分销。
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。
METC vs RKLB — 直观对比
营收规模更大
RKLB
是对方的1.5倍
$121.0M
营收增速更快
RKLB
高出63.4%
-27.7%
净利率更高
METC
高出18.5%
-29.5%
自由现金流更多
METC
多$96.6M
$-114.2M
两年增速更快
RKLB
近两年复合增速
-22.7%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $121.0M | $179.7M |
| 净利润 | $-13.3M | $-52.9M |
| 毛利率 | 15.8% | 38.0% |
| 营业利润率 | -12.0% | -28.4% |
| 净利率 | -11.0% | -29.5% |
| 营收同比 | -27.7% | 35.7% |
| 净利润同比 | -5468.2% | -1.1% |
| 每股收益（稀释后） | — | $-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METCRKLB
| Q4 25 | — | $179.7M | ||
| Q3 25 | $121.0M | $155.1M | ||
| Q2 25 | $153.0M | $144.5M | ||
| Q1 25 | $134.7M | $122.6M | ||
| Q4 24 | $170.9M | $132.4M | ||
| Q3 24 | $167.4M | $104.8M | ||
| Q2 24 | $155.3M | $106.3M | ||
| Q1 24 | $172.7M | $92.8M |
净利润METCRKLB
| Q4 25 | — | $-52.9M | ||
| Q3 25 | $-13.3M | $-18.3M | ||
| Q2 25 | $-14.0M | $-66.4M | ||
| Q1 25 | $-9.5M | $-60.6M | ||
| Q4 24 | $3.9M | $-52.3M | ||
| Q3 24 | $-239.0K | $-51.9M | ||
| Q2 24 | $5.5M | $-41.6M | ||
| Q1 24 | $2.0M | $-44.3M |
毛利率METCRKLB
| Q4 25 | — | 38.0% | ||
| Q3 25 | 15.8% | 37.0% | ||
| Q2 25 | 12.3% | 32.1% | ||
| Q1 25 | 15.2% | 28.8% | ||
| Q4 24 | 20.4% | 27.8% | ||
| Q3 24 | 19.5% | 26.7% | ||
| Q2 24 | 21.0% | 25.6% | ||
| Q1 24 | 19.1% | 26.1% |
营业利润率METCRKLB
| Q4 25 | — | -28.4% | ||
| Q3 25 | -12.0% | -38.0% | ||
| Q2 25 | -9.1% | -41.3% | ||
| Q1 25 | -8.9% | -48.3% | ||
| Q4 24 | 3.7% | -38.9% | ||
| Q3 24 | 1.0% | -49.5% | ||
| Q2 24 | 3.5% | -40.7% | ||
| Q1 24 | 1.9% | -46.4% |
净利率METCRKLB
| Q4 25 | — | -29.5% | ||
| Q3 25 | -11.0% | -11.8% | ||
| Q2 25 | -9.1% | -46.0% | ||
| Q1 25 | -7.0% | -49.5% | ||
| Q4 24 | 2.3% | -39.5% | ||
| Q3 24 | -0.1% | -49.6% | ||
| Q2 24 | 3.6% | -39.2% | ||
| Q1 24 | 1.2% | -47.7% |
每股收益（稀释后）METCRKLB
| Q4 25 | — | $-0.09 | ||
| Q3 25 | — | $-0.03 | ||
| Q2 25 | — | $-0.13 | ||
| Q1 25 | — | $-0.12 | ||
| Q4 24 | $0.06 | $-0.11 | ||
| Q3 24 | $-0.03 | $-0.10 | ||
| Q2 24 | $0.08 | $-0.08 | ||
| Q1 24 | $0.00 | $-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 | $193.8M | $1.0B |
| 总债务越低越好 | $116.3M | $152.4M |
| 股东权益账面价值 | $526.9M | $1.7B |
| 总资产 | $849.7M | $2.3B |
| 负债/权益比越低杠杆越低 | 0.22× | 0.09× |
8季度趋势，按日历期对齐
现金及短期投资METCRKLB
| Q4 25 | — | $1.0B | ||
| Q3 25 | $193.8M | $976.7M | ||
| Q2 25 | $28.1M | $688.1M | ||
| Q1 25 | $43.5M | $428.4M | ||
| Q4 24 | $33.0M | $419.0M | ||
| Q3 24 | $22.9M | $442.4M | ||
| Q2 24 | $27.6M | $496.8M | ||
| Q1 24 | $30.5M | $492.5M |
总债务METCRKLB
| Q4 25 | — | $152.4M | ||
| Q3 25 | $116.3M | $347.0M | ||
| Q2 25 | — | $346.5M | ||
| Q1 25 | — | $345.9M | ||
| Q4 24 | $88.2M | $345.4M | ||
| Q3 24 | — | $61.2M | ||
| Q2 24 | — | $64.2M | ||
| Q1 24 | — | $66.8M |
股东权益METCRKLB
| Q4 25 | — | $1.7B | ||
| Q3 25 | $526.9M | $1.3B | ||
| Q2 25 | $347.4M | $688.5M | ||
| Q1 25 | $355.2M | $431.3M | ||
| Q4 24 | $362.8M | $382.5M | ||
| Q3 24 | $361.8M | $419.8M | ||
| Q2 24 | $366.1M | $455.2M | ||
| Q1 24 | $372.3M | $478.9M |
总资产METCRKLB
| Q4 25 | — | $2.3B | ||
| Q3 25 | $849.7M | $2.2B | ||
| Q2 25 | $674.6M | $1.6B | ||
| Q1 25 | $685.7M | $1.3B | ||
| Q4 24 | $674.7M | $1.2B | ||
| Q3 24 | $645.4M | $1.2B | ||
| Q2 24 | $659.2M | $1.2B | ||
| Q1 24 | $674.0M | $1.2B |
负债/权益比METCRKLB
| Q4 25 | — | 0.09× | ||
| Q3 25 | 0.22× | 0.27× | ||
| Q2 25 | — | 0.50× | ||
| Q1 25 | — | 0.80× | ||
| Q4 24 | 0.24× | 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 | $-1.4M | $-64.5M |
| 自由现金流经营现金流 - 资本支出 | $-17.5M | $-114.2M |
| 自由现金流率自由现金流/营收 | -14.5% | -63.6% |
| 资本支出强度资本支出/营收 | 13.3% | 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 | $-24.7M | $-321.8M |
8季度趋势，按日历期对齐
经营现金流METCRKLB
| Q4 25 | — | $-64.5M | ||
| Q3 25 | $-1.4M | $-23.5M | ||
| Q2 25 | $-4.3M | $-23.2M | ||
| Q1 25 | $26.0M | $-54.2M | ||
| Q4 24 | $15.7M | $-2.4M | ||
| Q3 24 | $37.4M | $-30.9M | ||
| Q2 24 | $34.4M | $-13.0M | ||
| Q1 24 | $25.2M | $-2.6M |
自由现金流METCRKLB
| Q4 25 | — | $-114.2M | ||
| Q3 25 | $-17.5M | $-69.4M | ||
| Q2 25 | $-19.8M | $-55.3M | ||
| Q1 25 | $7.6M | $-82.9M | ||
| Q4 24 | $5.1M | $-23.9M | ||
| Q3 24 | $25.6M | $-41.9M | ||
| Q2 24 | $20.3M | $-28.3M | ||
| Q1 24 | $6.5M | $-21.8M |
自由现金流率METCRKLB
| Q4 25 | — | -63.6% | ||
| Q3 25 | -14.5% | -44.8% | ||
| Q2 25 | -13.0% | -38.3% | ||
| Q1 25 | 5.6% | -67.6% | ||
| Q4 24 | 3.0% | -18.1% | ||
| Q3 24 | 15.3% | -40.0% | ||
| Q2 24 | 13.1% | -26.7% | ||
| Q1 24 | 3.7% | -23.5% |
资本支出强度METCRKLB
| Q4 25 | — | 27.6% | ||
| Q3 25 | 13.3% | 29.6% | ||
| Q2 25 | 10.2% | 22.2% | ||
| Q1 25 | 13.7% | 23.4% | ||
| Q4 24 | 6.2% | 16.3% | ||
| Q3 24 | 7.0% | 10.5% | ||
| Q2 24 | 9.1% | 14.4% | ||
| Q1 24 | 10.8% | 20.7% |
现金转化率METCRKLB
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 4.06× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 6.21× | — | ||
| Q1 24 | 12.40× | — |
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
METC
| Export Coal Revenues | $73.0M | 60% |
| Domestic Coal Revenues | $48.0M | 40% |
RKLB
| Products | $94.0M | 52% |
| Transferred Over Time | $87.3M | 49% |
