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Metallus Inc.（MTUS）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
Metallus Inc.的季度营收约是Rocket Lab Corp的1.5倍（$267.3M vs $179.7M），Metallus Inc.净利率更高（-5.3% vs -29.5%，领先24.1%），Rocket Lab Corp同比增速更快（35.7% vs 11.1%），Metallus Inc.自由现金流更多（$-37.2M vs $-114.2M），过去两年Rocket Lab Corp的营收复合增速更高（39.2% vs -8.8%）
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。
MTUS vs RKLB — 直观对比
营收规模更大
MTUS
是对方的1.5倍
$179.7M
营收增速更快
RKLB
高出24.6%
11.1%
净利率更高
MTUS
高出24.1%
-29.5%
自由现金流更多
MTUS
多$77.0M
$-114.2M
两年增速更快
RKLB
近两年复合增速
-8.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $267.3M | $179.7M |
| 净利润 | $-14.3M | $-52.9M |
| 毛利率 | 2.2% | 38.0% |
| 营业利润率 | -7.7% | -28.4% |
| 净利率 | -5.3% | -29.5% |
| 营收同比 | 11.1% | 35.7% |
| 净利润同比 | 33.2% | -1.1% |
| 每股收益（稀释后） | $-0.34 | $-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MTUSRKLB
| Q4 25 | $267.3M | $179.7M | ||
| Q3 25 | $305.9M | $155.1M | ||
| Q2 25 | $304.6M | $144.5M | ||
| Q1 25 | $280.5M | $122.6M | ||
| Q4 24 | $240.5M | $132.4M | ||
| Q3 24 | $227.2M | $104.8M | ||
| Q2 24 | $294.7M | $106.3M | ||
| Q1 24 | $321.6M | $92.8M |
净利润MTUSRKLB
| Q4 25 | $-14.3M | $-52.9M | ||
| Q3 25 | $8.1M | $-18.3M | ||
| Q2 25 | $3.7M | $-66.4M | ||
| Q1 25 | $1.3M | $-60.6M | ||
| Q4 24 | $-21.4M | $-52.3M | ||
| Q3 24 | $-5.9M | $-51.9M | ||
| Q2 24 | $4.6M | $-41.6M | ||
| Q1 24 | $24.0M | $-44.3M |
毛利率MTUSRKLB
| Q4 25 | 2.2% | 38.0% | ||
| Q3 25 | 11.4% | 37.0% | ||
| Q2 25 | 10.6% | 32.1% | ||
| Q1 25 | 7.8% | 28.8% | ||
| Q4 24 | 4.5% | 27.8% | ||
| Q3 24 | 5.3% | 26.7% | ||
| Q2 24 | 8.2% | 25.6% | ||
| Q1 24 | 15.7% | 26.1% |
营业利润率MTUSRKLB
| Q4 25 | -7.7% | -28.4% | ||
| Q3 25 | 3.6% | -38.0% | ||
| Q2 25 | 2.8% | -41.3% | ||
| Q1 25 | 1.0% | -48.3% | ||
| Q4 24 | -10.1% | -38.9% | ||
| Q3 24 | -3.1% | -49.5% | ||
| Q2 24 | 2.1% | -40.7% | ||
| Q1 24 | 9.3% | -46.4% |
净利率MTUSRKLB
| Q4 25 | -5.3% | -29.5% | ||
| Q3 25 | 2.6% | -11.8% | ||
| Q2 25 | 1.2% | -46.0% | ||
| Q1 25 | 0.5% | -49.5% | ||
| Q4 24 | -8.9% | -39.5% | ||
| Q3 24 | -2.6% | -49.6% | ||
| Q2 24 | 1.6% | -39.2% | ||
| Q1 24 | 7.5% | -47.7% |
每股收益（稀释后）MTUSRKLB
| Q4 25 | $-0.34 | $-0.09 | ||
| Q3 25 | $0.19 | $-0.03 | ||
| Q2 25 | $0.09 | $-0.13 | ||
| Q1 25 | $0.03 | $-0.12 | ||
| Q4 24 | $-0.46 | $-0.11 | ||
| Q3 24 | $-0.13 | $-0.10 | ||
| Q2 24 | $0.10 | $-0.08 | ||
| Q1 24 | $0.52 | $-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 | $156.7M | $1.0B |
| 总债务越低越好 | — | $152.4M |
| 股东权益账面价值 | $686.0M | $1.7B |
| 总资产 | $1.1B | $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
现金及短期投资MTUSRKLB
| Q4 25 | $156.7M | $1.0B | ||
| Q3 25 | $191.5M | $976.7M | ||
| Q2 25 | $190.8M | $688.1M | ||
| Q1 25 | $180.3M | $428.4M | ||
| Q4 24 | $240.7M | $419.0M | ||
| Q3 24 | $254.6M | $442.4M | ||
| Q2 24 | $272.8M | $496.8M | ||
| Q1 24 | $278.1M | $492.5M |
总债务MTUSRKLB
| Q4 25 | — | $152.4M | ||
| Q3 25 | $0 | $347.0M | ||
| Q2 25 | $0 | $346.5M | ||
| Q1 25 | $5.4M | $345.9M | ||
| Q4 24 | $5.4M | $345.4M | ||
| Q3 24 | $13.2M | $61.2M | ||
| Q2 24 | $13.2M | $64.2M | ||
| Q1 24 | $13.2M | $66.8M |
股东权益MTUSRKLB
| Q4 25 | $686.0M | $1.7B | ||
| Q3 25 | $697.7M | $1.3B | ||
| Q2 25 | $690.0M | $688.5M | ||
| Q1 25 | $686.1M | $431.3M | ||
| Q4 24 | $690.5M | $382.5M | ||
| Q3 24 | $712.7M | $419.8M | ||
| Q2 24 | $736.3M | $455.2M | ||
| Q1 24 | $739.3M | $478.9M |
总资产MTUSRKLB
| Q4 25 | $1.1B | $2.3B | ||
| Q3 25 | $1.2B | $2.2B | ||
| Q2 25 | $1.1B | $1.6B | ||
| Q1 25 | $1.1B | $1.3B | ||
| Q4 24 | $1.1B | $1.2B | ||
| Q3 24 | $1.1B | $1.2B | ||
| Q2 24 | $1.1B | $1.2B | ||
| Q1 24 | $1.2B | $1.2B |
负债/权益比MTUSRKLB
| Q4 25 | — | 0.09× | ||
| Q3 25 | 0.00× | 0.27× | ||
| Q2 25 | 0.00× | 0.50× | ||
| Q1 25 | 0.01× | 0.80× | ||
| Q4 24 | 0.01× | 0.90× | ||
| Q3 24 | 0.02× | 0.15× | ||
| Q2 24 | 0.02× | 0.14× | ||
| Q1 24 | 0.02× | 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 | $-1.9M | $-64.5M |
| 自由现金流经营现金流 - 资本支出 | $-37.2M | $-114.2M |
| 自由现金流率自由现金流/营收 | -13.9% | -63.6% |
| 资本支出强度资本支出/营收 | 13.2% | 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 | $-93.0M | $-321.8M |
8季度趋势，按日历期对齐
经营现金流MTUSRKLB
| Q4 25 | $-1.9M | $-64.5M | ||
| Q3 25 | $22.0M | $-23.5M | ||
| Q2 25 | $34.8M | $-23.2M | ||
| Q1 25 | $-38.9M | $-54.2M | ||
| Q4 24 | $13.9M | $-2.4M | ||
| Q3 24 | $-15.3M | $-30.9M | ||
| Q2 24 | $8.3M | $-13.0M | ||
| Q1 24 | $33.4M | $-2.6M |
自由现金流MTUSRKLB
| Q4 25 | $-37.2M | $-114.2M | ||
| Q3 25 | $-6.4M | $-69.4M | ||
| Q2 25 | $17.0M | $-55.3M | ||
| Q1 25 | $-66.4M | $-82.9M | ||
| Q4 24 | $-1.3M | $-23.9M | ||
| Q3 24 | $-32.9M | $-41.9M | ||
| Q2 24 | $-5.8M | $-28.3M | ||
| Q1 24 | $16.0M | $-21.8M |
自由现金流率MTUSRKLB
| Q4 25 | -13.9% | -63.6% | ||
| Q3 25 | -2.1% | -44.8% | ||
| Q2 25 | 5.6% | -38.3% | ||
| Q1 25 | -23.7% | -67.6% | ||
| Q4 24 | -0.5% | -18.1% | ||
| Q3 24 | -14.5% | -40.0% | ||
| Q2 24 | -2.0% | -26.7% | ||
| Q1 24 | 5.0% | -23.5% |
资本支出强度MTUSRKLB
| Q4 25 | 13.2% | 27.6% | ||
| Q3 25 | 9.3% | 29.6% | ||
| Q2 25 | 5.8% | 22.2% | ||
| Q1 25 | 9.8% | 23.4% | ||
| Q4 24 | 6.3% | 16.3% | ||
| Q3 24 | 7.7% | 10.5% | ||
| Q2 24 | 4.8% | 14.4% | ||
| Q1 24 | 5.4% | 20.7% |
现金转化率MTUSRKLB
| Q4 25 | — | — | ||
| Q3 25 | 2.72× | — | ||
| Q2 25 | 9.41× | — | ||
| Q1 25 | -29.92× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 1.80× | — | ||
| Q1 24 | 1.39× | — |
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
MTUS
| Industrial Market Sector | $95.3M | 36% |
| Manufactured Components | $67.8M | 25% |
| Aerospace And Defense | $39.6M | 15% |
| Seamless Mechanical Tubing | $31.3M | 12% |
| Energy Market Sector | $18.3M | 7% |
| Other | $11.3M | 4% |
| Other Market Sector | $3.7M | 1% |
RKLB
| Products | $94.0M | 52% |
| Transferred Over Time | $87.3M | 49% |
