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N-able, Inc.（NABL）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N-able, Inc.的1.4倍（$179.7M vs $130.3M），Rocket Lab Corp同比增速更快（35.7% vs 11.8%），N-able, Inc.自由现金流更多（$20.9M vs $-114.2M），过去两年Rocket Lab Corp的营收复合增速更高（39.2% vs 7.0%）
Able UK是一家英国工业服务企业，主打船舶与海上设施的退役拆解业务，深耕该领域多年，具备大型工业设施拆除作业的专业能力与丰富经验，在英国相关工业服务市场占据一席之地。
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。
NABL vs RKLB — 直观对比
营收规模更大
RKLB
是对方的1.4倍
$130.3M
营收增速更快
RKLB
高出23.9%
11.8%
自由现金流更多
NABL
多$135.0M
$-114.2M
两年增速更快
RKLB
近两年复合增速
7.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $130.3M | $179.7M |
| 净利润 | — | $-52.9M |
| 毛利率 | 76.2% | 38.0% |
| 营业利润率 | 10.2% | -28.4% |
| 净利率 | — | -29.5% |
| 营收同比 | 11.8% | 35.7% |
| 净利润同比 | — | -1.1% |
| 每股收益（稀释后） | $-0.04 | $-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NABLRKLB
| Q4 25 | $130.3M | $179.7M | ||
| Q3 25 | $131.7M | $155.1M | ||
| Q2 25 | $131.2M | $144.5M | ||
| Q1 25 | $118.2M | $122.6M | ||
| Q4 24 | $116.5M | $132.4M | ||
| Q3 24 | $116.4M | $104.8M | ||
| Q2 24 | $119.4M | $106.3M | ||
| Q1 24 | $113.7M | $92.8M |
净利润NABLRKLB
| Q4 25 | — | $-52.9M | ||
| Q3 25 | $1.4M | $-18.3M | ||
| Q2 25 | $-4.0M | $-66.4M | ||
| Q1 25 | $-7.2M | $-60.6M | ||
| Q4 24 | — | $-52.3M | ||
| Q3 24 | $10.8M | $-51.9M | ||
| Q2 24 | $9.5M | $-41.6M | ||
| Q1 24 | $7.5M | $-44.3M |
毛利率NABLRKLB
| Q4 25 | 76.2% | 38.0% | ||
| Q3 25 | 77.5% | 37.0% | ||
| Q2 25 | 78.1% | 32.1% | ||
| Q1 25 | 76.6% | 28.8% | ||
| Q4 24 | 80.0% | 27.8% | ||
| Q3 24 | 82.9% | 26.7% | ||
| Q2 24 | 84.0% | 25.6% | ||
| Q1 24 | 83.9% | 26.1% |
营业利润率NABLRKLB
| Q4 25 | 10.2% | -28.4% | ||
| Q3 25 | 8.8% | -38.0% | ||
| Q2 25 | 7.7% | -41.3% | ||
| Q1 25 | 1.5% | -48.3% | ||
| Q4 24 | 13.7% | -38.9% | ||
| Q3 24 | 20.5% | -49.5% | ||
| Q2 24 | 18.4% | -40.7% | ||
| Q1 24 | 18.0% | -46.4% |
净利率NABLRKLB
| Q4 25 | — | -29.5% | ||
| Q3 25 | 1.1% | -11.8% | ||
| Q2 25 | -3.1% | -46.0% | ||
| Q1 25 | -6.1% | -49.5% | ||
| Q4 24 | — | -39.5% | ||
| Q3 24 | 9.2% | -49.6% | ||
| Q2 24 | 7.9% | -39.2% | ||
| Q1 24 | 6.6% | -47.7% |
每股收益（稀释后）NABLRKLB
| Q4 25 | $-0.04 | $-0.09 | ||
| Q3 25 | $0.01 | $-0.03 | ||
| Q2 25 | $-0.02 | $-0.13 | ||
| Q1 25 | $-0.04 | $-0.12 | ||
| Q4 24 | $0.01 | $-0.11 | ||
| Q3 24 | $0.06 | $-0.10 | ||
| Q2 24 | $0.05 | $-0.08 | ||
| Q1 24 | $0.04 | $-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 | $111.8M | $1.0B |
| 总债务越低越好 | $393.9M | $152.4M |
| 股东权益账面价值 | $804.7M | $1.7B |
| 总资产 | $1.4B | $2.3B |
| 负债/权益比越低杠杆越低 | 0.49× | 0.09× |
8季度趋势，按日历期对齐
现金及短期投资NABLRKLB
| Q4 25 | $111.8M | $1.0B | ||
| Q3 25 | $101.4M | $976.7M | ||
| Q2 25 | $93.9M | $688.1M | ||
| Q1 25 | $94.1M | $428.4M | ||
| Q4 24 | $85.2M | $419.0M | ||
| Q3 24 | $174.4M | $442.4M | ||
| Q2 24 | $157.5M | $496.8M | ||
| Q1 24 | $139.2M | $492.5M |
总债务NABLRKLB
| Q4 25 | $393.9M | $152.4M | ||
| Q3 25 | $331.7M | $347.0M | ||
| Q2 25 | $332.1M | $346.5M | ||
| Q1 25 | $332.6M | $345.9M | ||
| Q4 24 | $333.1M | $345.4M | ||
| Q3 24 | $333.6M | $61.2M | ||
| Q2 24 | $334.1M | $64.2M | ||
| Q1 24 | $334.5M | $66.8M |
股东权益NABLRKLB
| Q4 25 | $804.7M | $1.7B | ||
| Q3 25 | $813.4M | $1.3B | ||
| Q2 25 | $809.4M | $688.5M | ||
| Q1 25 | $775.1M | $431.3M | ||
| Q4 24 | $759.3M | $382.5M | ||
| Q3 24 | $765.0M | $419.8M | ||
| Q2 24 | $724.4M | $455.2M | ||
| Q1 24 | $709.1M | $478.9M |
总资产NABLRKLB
| Q4 25 | $1.4B | $2.3B | ||
| Q3 25 | $1.4B | $2.2B | ||
| Q2 25 | $1.4B | $1.6B | ||
| Q1 25 | $1.4B | $1.3B | ||
| Q4 24 | $1.3B | $1.2B | ||
| Q3 24 | $1.2B | $1.2B | ||
| Q2 24 | $1.2B | $1.2B | ||
| Q1 24 | $1.1B | $1.2B |
负债/权益比NABLRKLB
| Q4 25 | 0.49× | 0.09× | ||
| Q3 25 | 0.41× | 0.27× | ||
| Q2 25 | 0.41× | 0.50× | ||
| Q1 25 | 0.43× | 0.80× | ||
| Q4 24 | 0.44× | 0.90× | ||
| Q3 24 | 0.44× | 0.15× | ||
| Q2 24 | 0.46× | 0.14× | ||
| Q1 24 | 0.47× | 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 | $25.3M | $-64.5M |
| 自由现金流经营现金流 - 资本支出 | $20.9M | $-114.2M |
| 自由现金流率自由现金流/营收 | 16.0% | -63.6% |
| 资本支出强度资本支出/营收 | 3.4% | 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 | $75.1M | $-321.8M |
8季度趋势，按日历期对齐
经营现金流NABLRKLB
| Q4 25 | $25.3M | $-64.5M | ||
| Q3 25 | $24.0M | $-23.5M | ||
| Q2 25 | $24.2M | $-23.2M | ||
| Q1 25 | $19.7M | $-54.2M | ||
| Q4 24 | $26.0M | $-2.4M | ||
| Q3 24 | $22.0M | $-30.9M | ||
| Q2 24 | $27.3M | $-13.0M | ||
| Q1 24 | $4.2M | $-2.6M |
自由现金流NABLRKLB
| Q4 25 | $20.9M | $-114.2M | ||
| Q3 25 | $17.4M | $-69.4M | ||
| Q2 25 | $20.4M | $-55.3M | ||
| Q1 25 | $16.4M | $-82.9M | ||
| Q4 24 | $18.8M | $-23.9M | ||
| Q3 24 | $18.2M | $-41.9M | ||
| Q2 24 | $24.0M | $-28.3M | ||
| Q1 24 | $746.0K | $-21.8M |
自由现金流率NABLRKLB
| Q4 25 | 16.0% | -63.6% | ||
| Q3 25 | 13.2% | -44.8% | ||
| Q2 25 | 15.5% | -38.3% | ||
| Q1 25 | 13.9% | -67.6% | ||
| Q4 24 | 16.2% | -18.1% | ||
| Q3 24 | 15.7% | -40.0% | ||
| Q2 24 | 20.1% | -26.7% | ||
| Q1 24 | 0.7% | -23.5% |
资本支出强度NABLRKLB
| Q4 25 | 3.4% | 27.6% | ||
| Q3 25 | 5.0% | 29.6% | ||
| Q2 25 | 2.9% | 22.2% | ||
| Q1 25 | 2.8% | 23.4% | ||
| Q4 24 | 6.1% | 16.3% | ||
| Q3 24 | 3.2% | 10.5% | ||
| Q2 24 | 2.7% | 14.4% | ||
| Q1 24 | 3.0% | 20.7% |
现金转化率NABLRKLB
| Q4 25 | — | — | ||
| Q3 25 | 17.36× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.04× | — | ||
| Q2 24 | 2.89× | — | ||
| Q1 24 | 0.56× | — |
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
NABL
| Transferred Over Time | $121.9M | 94% |
| Transferred At Point In Time | $8.4M | 6% |
| Other Revenue | $1.3M | 1% |
RKLB
| Products | $94.0M | 52% |
| Transferred Over Time | $87.3M | 49% |
