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M&T Bank（MTB）与Rocket Companies, Inc.（RKT）财务数据对比。点击上方公司名可切换其他公司
Rocket Companies, Inc.的季度营收约是M&T Bank的1.1倍（$2.7B vs $2.5B），M&T Bank净利率更高（30.7% vs 2.5%，领先28.1%），Rocket Companies, Inc.同比增速更快（52.2% vs 3.8%），过去两年Rocket Companies, Inc.的营收复合增速更高（39.5% vs 4.6%）
M&T银行是总部位于美国纽约州布法罗的银行控股企业，业务覆盖美国东部从缅因州到弗吉尼亚州的12个州及华盛顿特区，运营超过950家线下网点。其控股主体1998年5月前名为第一帝国州公司，之后更为现名。
Rocket Companies, Inc.是美国金融科技及住房服务企业，由丹·吉尔伯特创立，总部位于密歇根州底特律市中心。公司依托旗舰子公司Rocket Mortgage跻身美国最大抵押贷款提供商行列，旗下还拥有Redfin、Forsalebyowner.com、Rocket Money等子品牌。
MTB vs RKT — 直观对比
营收规模更大
RKT
是对方的1.1倍
$2.5B
营收增速更快
RKT
高出48.4%
3.8%
净利率更高
MTB
高出28.1%
2.5%
两年增速更快
RKT
近两年复合增速
4.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.5B | $2.7B |
| 净利润 | $759.0M | $68.0M |
| 毛利率 | — | — |
| 营业利润率 | 39.2% | 6.3% |
| 净利率 | 30.7% | 2.5% |
| 营收同比 | 3.8% | 52.2% |
| 净利润同比 | 11.5% | 100.8% |
| 每股收益（稀释后） | $4.62 | $0.10 |
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MTBRKT
| Q4 25 | $2.5B | $2.7B | ||
| Q3 25 | $2.5B | $1.6B | ||
| Q2 25 | $2.4B | $1.4B | ||
| Q1 25 | $2.3B | $1.0B | ||
| Q4 24 | $2.4B | $1.8B | ||
| Q3 24 | $2.3B | $646.9M | ||
| Q2 24 | $2.3B | $1.3B | ||
| Q1 24 | $2.3B | $1.4B |
净利润MTBRKT
| Q4 25 | $759.0M | $68.0M | ||
| Q3 25 | $792.0M | $-123.9M | ||
| Q2 25 | $716.0M | $-1.8M | ||
| Q1 25 | $584.0M | $-10.4M | ||
| Q4 24 | $681.0M | $33.9M | ||
| Q3 24 | $721.0M | $-22.0M | ||
| Q2 24 | $655.0M | $1.3M | ||
| Q1 24 | $531.0M | $16.2M |
毛利率MTBRKT
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 58.9% | ||
| Q3 24 | — | -8.4% | ||
| Q2 24 | — | 47.4% | ||
| Q1 24 | — | 51.2% |
营业利润率MTBRKT
| Q4 25 | 39.2% | 6.3% | ||
| Q3 25 | 40.8% | -11.5% | ||
| Q2 25 | 39.0% | 1.8% | ||
| Q1 25 | 33.0% | -21.5% | ||
| Q4 24 | 37.0% | 38.1% | ||
| Q3 24 | 39.0% | -76.9% | ||
| Q2 24 | 37.1% | 14.8% | ||
| Q1 24 | 29.4% | 21.6% |
净利率MTBRKT
| Q4 25 | 30.7% | 2.5% | ||
| Q3 25 | 31.5% | -7.7% | ||
| Q2 25 | 29.9% | -0.1% | ||
| Q1 25 | 25.3% | -1.0% | ||
| Q4 24 | 28.6% | 1.9% | ||
| Q3 24 | 30.9% | -3.4% | ||
| Q2 24 | 28.5% | 0.1% | ||
| Q1 24 | 23.5% | 1.2% |
每股收益（稀释后）MTBRKT
| Q4 25 | $4.62 | $0.10 | ||
| Q3 25 | $4.82 | $-0.06 | ||
| Q2 25 | $4.24 | $-0.01 | ||
| Q1 25 | $3.32 | $-0.08 | ||
| Q4 24 | $3.87 | $0.28 | ||
| Q3 24 | $4.02 | $-0.19 | ||
| Q2 24 | $3.73 | $0.01 | ||
| Q1 24 | $3.02 | $0.11 |
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 | — | $2.7B |
| 总债务越低越好 | $10.9B | — |
| 股东权益账面价值 | $29.2B | $22.9B |
| 总资产 | $213.5B | $60.7B |
| 负债/权益比越低杠杆越低 | 0.37× | — |
8季度趋势，按日历期对齐
现金及短期投资MTBRKT
| Q4 25 | — | $2.7B | ||
| Q3 25 | — | $5.8B | ||
| Q2 25 | — | $5.1B | ||
| Q1 25 | — | $1.4B | ||
| Q4 24 | — | $1.3B | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | $1.3B | ||
| Q1 24 | — | $861.4M |
总债务MTBRKT
| Q4 25 | $10.9B | — | ||
| Q3 25 | $12.9B | — | ||
| Q2 25 | $12.4B | — | ||
| Q1 25 | $10.5B | — | ||
| Q4 24 | $12.6B | — | ||
| Q3 24 | $11.6B | — | ||
| Q2 24 | $11.3B | — | ||
| Q1 24 | $11.4B | — |
股东权益MTBRKT
| Q4 25 | $29.2B | $22.9B | ||
| Q3 25 | $28.7B | $8.9B | ||
| Q2 25 | $28.5B | $7.4B | ||
| Q1 25 | $29.0B | $8.6B | ||
| Q4 24 | $29.0B | $9.0B | ||
| Q3 24 | $28.9B | $8.4B | ||
| Q2 24 | $28.4B | $8.8B | ||
| Q1 24 | $27.2B | $8.6B |
总资产MTBRKT
| Q4 25 | $213.5B | $60.7B | ||
| Q3 25 | $211.3B | $33.6B | ||
| Q2 25 | $211.6B | $30.4B | ||
| Q1 25 | $210.3B | $25.3B | ||
| Q4 24 | $208.1B | $24.5B | ||
| Q3 24 | $211.8B | $25.1B | ||
| Q2 24 | $208.9B | $23.6B | ||
| Q1 24 | $215.1B | $22.2B |
负债/权益比MTBRKT
| Q4 25 | 0.37× | — | ||
| Q3 25 | 0.45× | — | ||
| Q2 25 | 0.43× | — | ||
| Q1 25 | 0.36× | — | ||
| Q4 24 | 0.43× | — | ||
| Q3 24 | 0.40× | — | ||
| Q2 24 | 0.40× | — | ||
| Q1 24 | 0.42× | — |
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 | $3.0B | $-1.2B |
| 自由现金流经营现金流 - 资本支出 | — | $-1.3B |
| 自由现金流率自由现金流/营收 | — | -47.2% |
| 资本支出强度资本支出/营收 | — | 1.5% |
| 现金转化率经营现金流/净利润 | 3.96× | -18.08× |
| 过去12个月自由现金流最近4个季度 | — | $-4.0B |
8季度趋势，按日历期对齐
经营现金流MTBRKT
| Q4 25 | $3.0B | $-1.2B | ||
| Q3 25 | $1.0B | $-50.3M | ||
| Q2 25 | $844.0M | $-1.9B | ||
| Q1 25 | $635.0M | $-797.0M | ||
| Q4 24 | $3.6B | $1.8B | ||
| Q3 24 | $-28.0M | $-1.3B | ||
| Q2 24 | $1.4B | $-122.3M | ||
| Q1 24 | $608.0M | $-3.0B |
自由现金流MTBRKT
| Q4 25 | — | $-1.3B | ||
| Q3 25 | — | $-71.8M | ||
| Q2 25 | — | $-1.9B | ||
| Q1 25 | — | $-811.0M | ||
| Q4 24 | — | $1.8B | ||
| Q3 24 | — | $-1.4B | ||
| Q2 24 | — | $-138.3M | ||
| Q1 24 | — | $-3.0B |
自由现金流率MTBRKT
| Q4 25 | — | -47.2% | ||
| Q3 25 | — | -4.5% | ||
| Q2 25 | — | -137.2% | ||
| Q1 25 | — | -78.2% | ||
| Q4 24 | — | 103.1% | ||
| Q3 24 | — | -209.6% | ||
| Q2 24 | — | -10.6% | ||
| Q1 24 | — | -218.7% |
资本支出强度MTBRKT
| Q4 25 | — | 1.5% | ||
| Q3 25 | — | 1.3% | ||
| Q2 25 | — | 1.1% | ||
| Q1 25 | — | 1.4% | ||
| Q4 24 | — | 1.1% | ||
| Q3 24 | — | 2.9% | ||
| Q2 24 | — | 1.2% | ||
| Q1 24 | — | 1.0% |
现金转化率MTBRKT
| Q4 25 | 3.96× | -18.08× | ||
| Q3 25 | 1.26× | — | ||
| Q2 25 | 1.18× | — | ||
| Q1 25 | 1.09× | — | ||
| Q4 24 | 5.30× | 54.42× | ||
| Q3 24 | -0.04× | — | ||
| Q2 24 | 2.07× | -94.46× | ||
| Q1 24 | 1.15× | -185.80× |
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
MTB
暂无分部数据
RKT
| Other | $1.4B | 51% |
| Direct To Customer Segment | $945.8M | 35% |
| Partner Network Segment | $216.7M | 8% |
| Subscription Revenue | $91.3M | 3% |
| Closing Fees | $47.1M | 2% |
| Appraisal Revenue | $10.7M | 0% |
