vs
MarketAxess（MKTX）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
MarketAxess的季度营收约是Rocket Lab Corp的1.2倍（$209.4M vs $179.7M），MarketAxess净利率更高（44.0% vs -29.5%，领先73.5%），Rocket Lab Corp同比增速更快（35.7% vs 3.5%），MarketAxess自由现金流更多（$373.9M vs $-114.2M），过去两年Rocket Lab Corp的营收复合增速更高（39.2% vs -0.2%）
MarketAxess Holdings Inc.是一家国际金融科技企业，运营面向机构信贷市场的电子交易平台，同时提供市场数据及交易后服务，支持机构投资者、经纪自营商开展企业债券等各类固定收益类信用工具的交易。
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。
MKTX vs RKLB — 直观对比
营收规模更大
MKTX
是对方的1.2倍
$179.7M
营收增速更快
RKLB
高出32.2%
3.5%
净利率更高
MKTX
高出73.5%
-29.5%
自由现金流更多
MKTX
多$488.1M
$-114.2M
两年增速更快
RKLB
近两年复合增速
-0.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $209.4M | $179.7M |
| 净利润 | $92.2M | $-52.9M |
| 毛利率 | — | 38.0% |
| 营业利润率 | 36.3% | -28.4% |
| 净利率 | 44.0% | -29.5% |
| 营收同比 | 3.5% | 35.7% |
| 净利润同比 | 41.6% | -1.1% |
| 每股收益（稀释后） | $2.49 | $-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MKTXRKLB
| Q4 25 | $209.4M | $179.7M | ||
| Q3 25 | $208.8M | $155.1M | ||
| Q2 25 | $219.5M | $144.5M | ||
| Q1 25 | $208.6M | $122.6M | ||
| Q4 24 | $202.4M | $132.4M | ||
| Q3 24 | $206.7M | $104.8M | ||
| Q2 24 | $197.7M | $106.3M | ||
| Q1 24 | $210.3M | $92.8M |
净利润MKTXRKLB
| Q4 25 | $92.2M | $-52.9M | ||
| Q3 25 | $68.2M | $-18.3M | ||
| Q2 25 | $71.1M | $-66.4M | ||
| Q1 25 | $15.1M | $-60.6M | ||
| Q4 24 | $65.1M | $-52.3M | ||
| Q3 24 | $71.5M | $-51.9M | ||
| Q2 24 | $64.9M | $-41.6M | ||
| Q1 24 | $72.6M | $-44.3M |
毛利率MKTXRKLB
| 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MKTXRKLB
| Q4 25 | 36.3% | -28.4% | ||
| Q3 25 | 41.0% | -38.0% | ||
| Q2 25 | 41.9% | -41.3% | ||
| Q1 25 | 42.4% | -48.3% | ||
| Q4 24 | 39.5% | -38.9% | ||
| Q3 24 | 42.1% | -49.5% | ||
| Q2 24 | 41.2% | -40.7% | ||
| Q1 24 | 44.0% | -46.4% |
净利率MKTXRKLB
| Q4 25 | 44.0% | -29.5% | ||
| Q3 25 | 32.6% | -11.8% | ||
| Q2 25 | 32.4% | -46.0% | ||
| Q1 25 | 7.2% | -49.5% | ||
| Q4 24 | 32.2% | -39.5% | ||
| Q3 24 | 34.6% | -49.6% | ||
| Q2 24 | 32.9% | -39.2% | ||
| Q1 24 | 34.5% | -47.7% |
每股收益（稀释后）MKTXRKLB
| Q4 25 | $2.49 | $-0.09 | ||
| Q3 25 | $1.84 | $-0.03 | ||
| Q2 25 | $1.91 | $-0.13 | ||
| Q1 25 | $0.40 | $-0.12 | ||
| Q4 24 | $1.74 | $-0.11 | ||
| Q3 24 | $1.90 | $-0.10 | ||
| Q2 24 | $1.72 | $-0.08 | ||
| Q1 24 | $1.92 | $-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 | $519.7M | $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 | $1.9B | $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MKTXRKLB
| Q4 25 | $519.7M | $1.0B | ||
| Q3 25 | $473.3M | $976.7M | ||
| Q2 25 | $462.8M | $688.1M | ||
| Q1 25 | $486.2M | $428.4M | ||
| Q4 24 | $544.5M | $419.0M | ||
| Q3 24 | $446.3M | $442.4M | ||
| Q2 24 | $434.1M | $496.8M | ||
| Q1 24 | $376.7M | $492.5M |
总债务MKTXRKLB
| 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MKTXRKLB
| Q4 25 | $1.1B | $1.7B | ||
| Q3 25 | $1.4B | $1.3B | ||
| Q2 25 | $1.4B | $688.5M | ||
| Q1 25 | $1.3B | $431.3M | ||
| Q4 24 | $1.4B | $382.5M | ||
| Q3 24 | $1.4B | $419.8M | ||
| Q2 24 | $1.3B | $455.2M | ||
| Q1 24 | $1.3B | $478.9M |
总资产MKTXRKLB
| Q4 25 | $1.9B | $2.3B | ||
| Q3 25 | $2.0B | $2.2B | ||
| Q2 25 | $2.0B | $1.6B | ||
| Q1 25 | $1.9B | $1.3B | ||
| Q4 24 | $1.8B | $1.2B | ||
| Q3 24 | $1.8B | $1.2B | ||
| Q2 24 | $1.9B | $1.2B | ||
| Q1 24 | $1.9B | $1.2B |
负债/权益比MKTXRKLB
| 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 | $382.1M | $-64.5M |
| 自由现金流经营现金流 - 资本支出 | $373.9M | $-114.2M |
| 自由现金流率自由现金流/营收 | 178.6% | -63.6% |
| 资本支出强度资本支出/营收 | 3.9% | 27.6% |
| 现金转化率经营现金流/净利润 | 4.14× | — |
| 过去12个月自由现金流最近4个季度 | $592.8M | $-321.8M |
8季度趋势，按日历期对齐
经营现金流MKTXRKLB
| Q4 25 | $382.1M | $-64.5M | ||
| Q3 25 | $90.2M | $-23.5M | ||
| Q2 25 | $103.7M | $-23.2M | ||
| Q1 25 | $29.6M | $-54.2M | ||
| Q4 24 | $385.2M | $-2.4M | ||
| Q3 24 | $95.1M | $-30.9M | ||
| Q2 24 | $118.8M | $-13.0M | ||
| Q1 24 | $-4.9M | $-2.6M |
自由现金流MKTXRKLB
| Q4 25 | $373.9M | $-114.2M | ||
| Q3 25 | $88.7M | $-69.4M | ||
| Q2 25 | $102.5M | $-55.3M | ||
| Q1 25 | $27.7M | $-82.9M | ||
| Q4 24 | $375.3M | $-23.9M | ||
| Q3 24 | $94.3M | $-41.9M | ||
| Q2 24 | $111.2M | $-28.3M | ||
| Q1 24 | $-6.1M | $-21.8M |
自由现金流率MKTXRKLB
| Q4 25 | 178.6% | -63.6% | ||
| Q3 25 | 42.5% | -44.8% | ||
| Q2 25 | 46.7% | -38.3% | ||
| Q1 25 | 13.3% | -67.6% | ||
| Q4 24 | 185.4% | -18.1% | ||
| Q3 24 | 45.6% | -40.0% | ||
| Q2 24 | 56.2% | -26.7% | ||
| Q1 24 | -2.9% | -23.5% |
资本支出强度MKTXRKLB
| Q4 25 | 3.9% | 27.6% | ||
| Q3 25 | 0.7% | 29.6% | ||
| Q2 25 | 0.5% | 22.2% | ||
| Q1 25 | 0.9% | 23.4% | ||
| Q4 24 | 4.9% | 16.3% | ||
| Q3 24 | 0.4% | 10.5% | ||
| Q2 24 | 3.9% | 14.4% | ||
| Q1 24 | 0.6% | 20.7% |
现金转化率MKTXRKLB
| Q4 25 | 4.14× | — | ||
| Q3 25 | 1.32× | — | ||
| Q2 25 | 1.46× | — | ||
| Q1 25 | 1.97× | — | ||
| Q4 24 | 5.91× | — | ||
| Q3 24 | 1.33× | — | ||
| Q2 24 | 1.83× | — | ||
| Q1 24 | -0.07× | — |
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
MKTX
| Commission Revenue | $181.3M | 87% |
| Information Services | $13.5M | 6% |
| Post Trade Services | $11.0M | 5% |
| Technology Services | $3.6M | 2% |
RKLB
| Products | $94.0M | 52% |
| Transferred Over Time | $87.3M | 49% |
