vs
MACOM Technology Solutions Holdings, Inc.（MTSI）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
MACOM Technology Solutions Holdings, Inc.的季度营收约是Rocket Lab Corp的1.5倍（$271.6M vs $179.7M），MACOM Technology Solutions Holdings, Inc.净利率更高（18.0% vs -29.5%，领先47.4%），Rocket Lab Corp同比增速更快（35.7% vs 24.5%），MACOM Technology Solutions Holdings, Inc.自由现金流更多（$30.0M vs $-114.2M），过去两年Rocket Lab Corp的营收复合增速更高（39.2% vs 22.4%）
MACOM是美国知名的射频、微波及毫米波半导体器件与组件研发生产商，总部位于马萨诸塞州洛厄尔，2005年曾是当地规模最大的私营雇主。公司已通过ISO9001国际质量体系认证及ISO14001环境管理体系认证，在北美、欧洲、亚洲及澳大利亚均设有设计中心与销售办事处。
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。
MTSI vs RKLB — 直观对比
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $271.6M | $179.7M |
| 净利润 | $48.8M | $-52.9M |
| 毛利率 | 55.9% | 38.0% |
| 营业利润率 | 15.9% | -28.4% |
| 净利率 | 18.0% | -29.5% |
| 营收同比 | 24.5% | 35.7% |
| 净利润同比 | 129.1% | -1.1% |
| 每股收益（稀释后） | $0.64 | $-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
| Q1 26 | $271.6M | — | ||
| Q4 25 | $261.2M | $179.7M | ||
| Q3 25 | $252.1M | $155.1M | ||
| Q2 25 | $235.9M | $144.5M | ||
| Q1 25 | $218.1M | $122.6M | ||
| Q4 24 | — | $132.4M | ||
| Q3 24 | $200.7M | $104.8M | ||
| Q2 24 | $190.5M | $106.3M |
| Q1 26 | $48.8M | — | ||
| Q4 25 | $45.1M | $-52.9M | ||
| Q3 25 | $36.5M | $-18.3M | ||
| Q2 25 | $31.7M | $-66.4M | ||
| Q1 25 | $-167.5M | $-60.6M | ||
| Q4 24 | — | $-52.3M | ||
| Q3 24 | $29.4M | $-51.9M | ||
| Q2 24 | $19.9M | $-41.6M |
| Q1 26 | 55.9% | — | ||
| Q4 25 | 54.5% | 38.0% | ||
| Q3 25 | 55.3% | 37.0% | ||
| Q2 25 | 55.2% | 32.1% | ||
| Q1 25 | 53.7% | 28.8% | ||
| Q4 24 | — | 27.8% | ||
| Q3 24 | 54.7% | 26.7% | ||
| Q2 24 | 53.2% | 25.6% |
| Q1 26 | 15.9% | — | ||
| Q4 25 | 15.2% | -28.4% | ||
| Q3 25 | 14.9% | -38.0% | ||
| Q2 25 | 14.8% | -41.3% | ||
| Q1 25 | 8.0% | -48.3% | ||
| Q4 24 | — | -38.9% | ||
| Q3 24 | 13.7% | -49.5% | ||
| Q2 24 | 10.4% | -40.7% |
| Q1 26 | 18.0% | — | ||
| Q4 25 | 17.3% | -29.5% | ||
| Q3 25 | 14.5% | -11.8% | ||
| Q2 25 | 13.4% | -46.0% | ||
| Q1 25 | -76.8% | -49.5% | ||
| Q4 24 | — | -39.5% | ||
| Q3 24 | 14.7% | -49.6% | ||
| Q2 24 | 10.5% | -39.2% |
| Q1 26 | $0.64 | — | ||
| Q4 25 | $0.67 | $-0.09 | ||
| Q3 25 | $0.48 | $-0.03 | ||
| Q2 25 | $0.42 | $-0.13 | ||
| Q1 25 | $-2.30 | $-0.12 | ||
| Q4 24 | — | $-0.11 | ||
| Q3 24 | $0.40 | $-0.10 | ||
| Q2 24 | $0.27 | $-0.08 |
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 | $768.5M | $1.0B |
| 总债务越低越好 | — | $152.4M |
| 股东权益账面价值 | $1.4B | $1.7B |
| 总资产 | $2.1B | $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
| Q1 26 | $768.5M | — | ||
| Q4 25 | $786.0M | $1.0B | ||
| Q3 25 | $735.2M | $976.7M | ||
| Q2 25 | $681.5M | $688.1M | ||
| Q1 25 | $656.5M | $428.4M | ||
| Q4 24 | — | $419.0M | ||
| Q3 24 | $581.9M | $442.4M | ||
| Q2 24 | $521.5M | $496.8M |
| Q1 26 | — | — | ||
| 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 26 | $1.4B | — | ||
| Q4 25 | $1.3B | $1.7B | ||
| Q3 25 | $1.3B | $1.3B | ||
| Q2 25 | $1.2B | $688.5M | ||
| Q1 25 | $1.2B | $431.3M | ||
| Q4 24 | — | $382.5M | ||
| Q3 24 | $1.1B | $419.8M | ||
| Q2 24 | $1.1B | $455.2M |
| Q1 26 | $2.1B | — | ||
| Q4 25 | $2.1B | $2.3B | ||
| Q3 25 | $2.0B | $2.2B | ||
| Q2 25 | $1.9B | $1.6B | ||
| Q1 25 | $1.8B | $1.3B | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | $1.8B | $1.2B | ||
| Q2 24 | $1.7B | $1.2B |
| Q1 26 | — | — | ||
| 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× |
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 | $42.9M | $-64.5M |
| 自由现金流经营现金流 - 资本支出 | $30.0M | $-114.2M |
| 自由现金流率自由现金流/营收 | 11.0% | -63.6% |
| 资本支出强度资本支出/营收 | 4.8% | 27.6% |
| 现金转化率经营现金流/净利润 | 0.88× | — |
| 过去12个月自由现金流最近4个季度 | $161.5M | $-321.8M |
8季度趋势，按日历期对齐
| Q1 26 | $42.9M | — | ||
| Q4 25 | $69.6M | $-64.5M | ||
| Q3 25 | $60.4M | $-23.5M | ||
| Q2 25 | $38.7M | $-23.2M | ||
| Q1 25 | $66.7M | $-54.2M | ||
| Q4 24 | — | $-2.4M | ||
| Q3 24 | $62.3M | $-30.9M | ||
| Q2 24 | $49.0M | $-13.0M |
| Q1 26 | $30.0M | — | ||
| Q4 25 | $49.4M | $-114.2M | ||
| Q3 25 | $51.6M | $-69.4M | ||
| Q2 25 | $30.5M | $-55.3M | ||
| Q1 25 | $61.3M | $-82.9M | ||
| Q4 24 | — | $-23.9M | ||
| Q3 24 | $57.1M | $-41.9M | ||
| Q2 24 | $41.5M | $-28.3M |
| Q1 26 | 11.0% | — | ||
| Q4 25 | 18.9% | -63.6% | ||
| Q3 25 | 20.5% | -44.8% | ||
| Q2 25 | 12.9% | -38.3% | ||
| Q1 25 | 28.1% | -67.6% | ||
| Q4 24 | — | -18.1% | ||
| Q3 24 | 28.5% | -40.0% | ||
| Q2 24 | 21.8% | -26.7% |
| Q1 26 | 4.8% | — | ||
| Q4 25 | 7.7% | 27.6% | ||
| Q3 25 | 3.5% | 29.6% | ||
| Q2 25 | 3.5% | 22.2% | ||
| Q1 25 | 2.4% | 23.4% | ||
| Q4 24 | — | 16.3% | ||
| Q3 24 | 2.6% | 10.5% | ||
| Q2 24 | 3.9% | 14.4% |
| Q1 26 | 0.88× | — | ||
| Q4 25 | 1.54× | — | ||
| Q3 25 | 1.65× | — | ||
| Q2 25 | 1.22× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.12× | — | ||
| Q2 24 | 2.46× | — |
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
MTSI
| Industrial Defense | $117.7M | 43% |
| Data Center | $85.8M | 32% |
| Telecom | $68.1M | 25% |
RKLB
| Products | $94.0M | 52% |
| Transferred Over Time | $87.3M | 49% |
