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MGP INGREDIENTS INC（MGPI）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MGP INGREDIENTS INC的1.3倍（$179.7M vs $138.3M），Rocket Lab Corp净利率更高（-29.5% vs -97.3%，领先67.9%），Rocket Lab Corp同比增速更快（35.7% vs -23.5%），MGP INGREDIENTS INC自由现金流更多（$24.3M vs $-114.2M），过去两年Rocket Lab Corp的营收复合增速更高（39.2% vs -9.9%）
MGP配料公司是总部位于美国的优质蒸馏酒、特种小麦和玉米基淀粉及蛋白质配料供应商，服务食品饮料制造、餐饮及工业客户领域，为北美及部分全球市场客户提供定制化配料解决方案。
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。
MGPI vs RKLB — 直观对比
营收规模更大
RKLB
是对方的1.3倍
$138.3M
营收增速更快
RKLB
高出59.2%
-23.5%
净利率更高
RKLB
高出67.9%
-97.3%
自由现金流更多
MGPI
多$138.4M
$-114.2M
两年增速更快
RKLB
近两年复合增速
-9.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $138.3M | $179.7M |
| 净利润 | $-134.6M | $-52.9M |
| 毛利率 | 34.9% | 38.0% |
| 营业利润率 | -97.7% | -28.4% |
| 净利率 | -97.3% | -29.5% |
| 营收同比 | -23.5% | 35.7% |
| 净利润同比 | -220.8% | -1.1% |
| 每股收益（稀释后） | $-6.23 | $-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MGPIRKLB
| Q4 25 | $138.3M | $179.7M | ||
| Q3 25 | $130.9M | $155.1M | ||
| Q2 25 | $145.5M | $144.5M | ||
| Q1 25 | $121.7M | $122.6M | ||
| Q4 24 | $180.8M | $132.4M | ||
| Q3 24 | $161.5M | $104.8M | ||
| Q2 24 | $190.8M | $106.3M | ||
| Q1 24 | $170.6M | $92.8M |
净利润MGPIRKLB
| Q4 25 | $-134.6M | $-52.9M | ||
| Q3 25 | $15.4M | $-18.3M | ||
| Q2 25 | $14.4M | $-66.4M | ||
| Q1 25 | $-3.0M | $-60.6M | ||
| Q4 24 | $-42.0M | $-52.3M | ||
| Q3 24 | $23.9M | $-51.9M | ||
| Q2 24 | $32.1M | $-41.6M | ||
| Q1 24 | $20.6M | $-44.3M |
毛利率MGPIRKLB
| Q4 25 | 34.9% | 38.0% | ||
| Q3 25 | 37.8% | 37.0% | ||
| Q2 25 | 40.1% | 32.1% | ||
| Q1 25 | 35.6% | 28.8% | ||
| Q4 24 | 41.2% | 27.8% | ||
| Q3 24 | 40.8% | 26.7% | ||
| Q2 24 | 43.6% | 25.6% | ||
| Q1 24 | 36.8% | 26.1% |
营业利润率MGPIRKLB
| Q4 25 | -97.7% | -28.4% | ||
| Q3 25 | 16.1% | -38.0% | ||
| Q2 25 | 14.0% | -41.3% | ||
| Q1 25 | -0.6% | -48.3% | ||
| Q4 24 | -16.8% | -38.9% | ||
| Q3 24 | 20.2% | -49.5% | ||
| Q2 24 | 22.7% | -40.7% | ||
| Q1 24 | 17.0% | -46.4% |
净利率MGPIRKLB
| Q4 25 | -97.3% | -29.5% | ||
| Q3 25 | 11.8% | -11.8% | ||
| Q2 25 | 9.9% | -46.0% | ||
| Q1 25 | -2.5% | -49.5% | ||
| Q4 24 | -23.2% | -39.5% | ||
| Q3 24 | 14.8% | -49.6% | ||
| Q2 24 | 16.8% | -39.2% | ||
| Q1 24 | 12.1% | -47.7% |
每股收益（稀释后）MGPIRKLB
| Q4 25 | $-6.23 | $-0.09 | ||
| Q3 25 | $0.71 | $-0.03 | ||
| Q2 25 | $0.67 | $-0.13 | ||
| Q1 25 | $-0.14 | $-0.12 | ||
| Q4 24 | $-1.86 | $-0.11 | ||
| Q3 24 | $1.07 | $-0.10 | ||
| Q2 24 | $1.43 | $-0.08 | ||
| Q1 24 | $0.92 | $-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 | $18.5M | $1.0B |
| 总债务越低越好 | $245.9M | $152.4M |
| 股东权益账面价值 | $718.4M | $1.7B |
| 总资产 | $1.2B | $2.3B |
| 负债/权益比越低杠杆越低 | 0.34× | 0.09× |
8季度趋势，按日历期对齐
现金及短期投资MGPIRKLB
| Q4 25 | $18.5M | $1.0B | ||
| Q3 25 | $13.4M | $976.7M | ||
| Q2 25 | $17.3M | $688.1M | ||
| Q1 25 | $20.1M | $428.4M | ||
| Q4 24 | $25.3M | $419.0M | ||
| Q3 24 | $20.8M | $442.4M | ||
| Q2 24 | $21.0M | $496.8M | ||
| Q1 24 | $19.5M | $492.5M |
总债务MGPIRKLB
| Q4 25 | $245.9M | $152.4M | ||
| Q3 25 | $262.3M | $347.0M | ||
| Q2 25 | $290.7M | $346.5M | ||
| Q1 25 | $290.7M | $345.9M | ||
| Q4 24 | $317.1M | $345.4M | ||
| Q3 24 | $283.6M | $61.2M | ||
| Q2 24 | $303.0M | $64.2M | ||
| Q1 24 | $294.4M | $66.8M |
股东权益MGPIRKLB
| Q4 25 | $718.4M | $1.7B | ||
| Q3 25 | $855.2M | $1.3B | ||
| Q2 25 | $841.8M | $688.5M | ||
| Q1 25 | $828.3M | $431.3M | ||
| Q4 24 | $834.2M | $382.5M | ||
| Q3 24 | $914.5M | $419.8M | ||
| Q2 24 | $894.5M | $455.2M | ||
| Q1 24 | $867.0M | $478.9M |
总资产MGPIRKLB
| Q4 25 | $1.2B | $2.3B | ||
| Q3 25 | $1.4B | $2.2B | ||
| Q2 25 | $1.4B | $1.6B | ||
| Q1 25 | $1.4B | $1.3B | ||
| Q4 24 | $1.4B | $1.2B | ||
| Q3 24 | $1.4B | $1.2B | ||
| Q2 24 | $1.4B | $1.2B | ||
| Q1 24 | $1.4B | $1.2B |
负债/权益比MGPIRKLB
| Q4 25 | 0.34× | 0.09× | ||
| Q3 25 | 0.31× | 0.27× | ||
| Q2 25 | 0.35× | 0.50× | ||
| Q1 25 | 0.35× | 0.80× | ||
| Q4 24 | 0.38× | 0.90× | ||
| Q3 24 | 0.31× | 0.15× | ||
| Q2 24 | 0.34× | 0.14× | ||
| Q1 24 | 0.34× | 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 | $29.1M | $-64.5M |
| 自由现金流经营现金流 - 资本支出 | $24.3M | $-114.2M |
| 自由现金流率自由现金流/营收 | 17.5% | -63.6% |
| 资本支出强度资本支出/营收 | 3.5% | 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 | $76.0M | $-321.8M |
8季度趋势，按日历期对齐
经营现金流MGPIRKLB
| Q4 25 | $29.1M | $-64.5M | ||
| Q3 25 | $36.1M | $-23.5M | ||
| Q2 25 | $11.7M | $-23.2M | ||
| Q1 25 | $44.7M | $-54.2M | ||
| Q4 24 | $28.8M | $-2.4M | ||
| Q3 24 | $43.9M | $-30.9M | ||
| Q2 24 | $5.0M | $-13.0M | ||
| Q1 24 | $24.6M | $-2.6M |
自由现金流MGPIRKLB
| Q4 25 | $24.3M | $-114.2M | ||
| Q3 25 | $27.6M | $-69.4M | ||
| Q2 25 | $-557.0K | $-55.3M | ||
| Q1 25 | $24.8M | $-82.9M | ||
| Q4 24 | $10.4M | $-23.9M | ||
| Q3 24 | $24.5M | $-41.9M | ||
| Q2 24 | $-1.4M | $-28.3M | ||
| Q1 24 | $-2.4M | $-21.8M |
自由现金流率MGPIRKLB
| Q4 25 | 17.5% | -63.6% | ||
| Q3 25 | 21.1% | -44.8% | ||
| Q2 25 | -0.4% | -38.3% | ||
| Q1 25 | 20.4% | -67.6% | ||
| Q4 24 | 5.8% | -18.1% | ||
| Q3 24 | 15.2% | -40.0% | ||
| Q2 24 | -0.7% | -26.7% | ||
| Q1 24 | -1.4% | -23.5% |
资本支出强度MGPIRKLB
| Q4 25 | 3.5% | 27.6% | ||
| Q3 25 | 6.5% | 29.6% | ||
| Q2 25 | 8.4% | 22.2% | ||
| Q1 25 | 16.4% | 23.4% | ||
| Q4 24 | 10.1% | 16.3% | ||
| Q3 24 | 12.0% | 10.5% | ||
| Q2 24 | 3.3% | 14.4% | ||
| Q1 24 | 15.8% | 20.7% |
现金转化率MGPIRKLB
| Q4 25 | — | — | ||
| Q3 25 | 2.34× | — | ||
| Q2 25 | 0.81× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.84× | — | ||
| Q2 24 | 0.15× | — | ||
| Q1 24 | 1.19× | — |
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
MGPI
| Branded Spirits | $63.4M | 46% |
| Ingredient Solutions | $31.3M | 23% |
| Specialty Wheat Starches | $16.8M | 12% |
| Mid Spirits | $16.1M | 12% |
| Other Branded Spirits | $8.0M | 6% |
| Commodity Wheat Starch | $2.3M | 2% |
RKLB
| Products | $94.0M | 52% |
| Transferred Over Time | $87.3M | 49% |
