vs
National Bank Holdings Corp（NBHC）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National Bank Holdings Corp的1.4倍（$179.7M vs $126.8M），National Bank Holdings Corp净利率更高（16.4% vs -29.5%，领先45.9%），过去两年Rocket Lab Corp的营收复合增速更高（39.2% vs 14.0%）
这是一家美国区域性银行控股集团，目前在伊利诺伊、印第安纳等八个美国州布局营业网点，拥有近250个金融服务中心与约200家零售分行，总资产达485亿美元。它是总部位于印第安纳州的最大银行控股公司，也跻身美国银行业三十强之列。
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。
NBHC vs RKLB — 直观对比
营收规模更大
RKLB
是对方的1.4倍
$126.8M
净利率更高
NBHC
高出45.9%
-29.5%
两年增速更快
RKLB
近两年复合增速
14.0%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $126.8M | $179.7M |
| 净利润 | $20.8M | $-52.9M |
| 毛利率 | — | 38.0% |
| 营业利润率 | — | -28.4% |
| 净利率 | 16.4% | -29.5% |
| 营收同比 | — | 35.7% |
| 净利润同比 | -14.2% | -1.1% |
| 每股收益（稀释后） | $0.46 | $-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NBHCRKLB
| Q1 26 | $126.8M | — | ||
| Q4 25 | $100.6M | $179.7M | ||
| Q3 25 | $108.9M | $155.1M | ||
| Q2 25 | $104.5M | $144.5M | ||
| Q1 25 | $102.1M | $122.6M | ||
| Q4 24 | $101.3M | $132.4M | ||
| Q3 24 | $106.0M | $104.8M | ||
| Q2 24 | $97.6M | $106.3M |
净利润NBHCRKLB
| Q1 26 | $20.8M | — | ||
| Q4 25 | $16.0M | $-52.9M | ||
| Q3 25 | $35.3M | $-18.3M | ||
| Q2 25 | $34.0M | $-66.4M | ||
| Q1 25 | $24.2M | $-60.6M | ||
| Q4 24 | $28.2M | $-52.3M | ||
| Q3 24 | $33.1M | $-51.9M | ||
| Q2 24 | $26.1M | $-41.6M |
毛利率NBHCRKLB
| Q1 26 | — | — | ||
| 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% |
营业利润率NBHCRKLB
| Q1 26 | — | — | ||
| Q4 25 | 19.0% | -28.4% | ||
| Q3 25 | 39.6% | -38.0% | ||
| Q2 25 | 39.8% | -41.3% | ||
| Q1 25 | 29.2% | -48.3% | ||
| Q4 24 | 34.3% | -38.9% | ||
| Q3 24 | 37.6% | -49.5% | ||
| Q2 24 | 32.5% | -40.7% |
净利率NBHCRKLB
| Q1 26 | 16.4% | — | ||
| Q4 25 | 15.9% | -29.5% | ||
| Q3 25 | 32.4% | -11.8% | ||
| Q2 25 | 32.6% | -46.0% | ||
| Q1 25 | 23.7% | -49.5% | ||
| Q4 24 | 27.8% | -39.5% | ||
| Q3 24 | 31.2% | -49.6% | ||
| Q2 24 | 26.8% | -39.2% |
每股收益（稀释后）NBHCRKLB
| Q1 26 | $0.46 | — | ||
| Q4 25 | $0.42 | $-0.09 | ||
| Q3 25 | $0.92 | $-0.03 | ||
| Q2 25 | $0.88 | $-0.13 | ||
| Q1 25 | $0.63 | $-0.12 | ||
| Q4 24 | $0.72 | $-0.11 | ||
| Q3 24 | $0.86 | $-0.10 | ||
| Q2 24 | $0.68 | $-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 | $472.8M | $1.0B |
| 总债务越低越好 | $202.1M | $152.4M |
| 股东权益账面价值 | $1.7B | $1.7B |
| 总资产 | $12.6B | $2.3B |
| 负债/权益比越低杠杆越低 | 0.12× | 0.09× |
8季度趋势，按日历期对齐
现金及短期投资NBHCRKLB
| Q1 26 | $472.8M | — | ||
| Q4 25 | $417.1M | $1.0B | ||
| Q3 25 | $555.6M | $976.7M | ||
| Q2 25 | $296.5M | $688.1M | ||
| Q1 25 | $246.3M | $428.4M | ||
| Q4 24 | $127.8M | $419.0M | ||
| Q3 24 | $180.8M | $442.4M | ||
| Q2 24 | $145.0M | $496.8M |
总债务NBHCRKLB
| Q1 26 | $202.1M | — | ||
| Q4 25 | $54.5M | $152.4M | ||
| Q3 25 | $54.7M | $347.0M | ||
| Q2 25 | $54.4M | $346.5M | ||
| Q1 25 | $54.6M | $345.9M | ||
| Q4 24 | $54.5M | $345.4M | ||
| Q3 24 | $54.4M | $61.2M | ||
| Q2 24 | $54.4M | $64.2M |
股东权益NBHCRKLB
| Q1 26 | $1.7B | — | ||
| Q4 25 | $1.4B | $1.7B | ||
| Q3 25 | $1.4B | $1.3B | ||
| Q2 25 | $1.4B | $688.5M | ||
| Q1 25 | $1.3B | $431.3M | ||
| Q4 24 | $1.3B | $382.5M | ||
| Q3 24 | $1.3B | $419.8M | ||
| Q2 24 | $1.2B | $455.2M |
总资产NBHCRKLB
| Q1 26 | $12.6B | — | ||
| Q4 25 | $9.9B | $2.3B | ||
| Q3 25 | $10.2B | $2.2B | ||
| Q2 25 | $10.0B | $1.6B | ||
| Q1 25 | $10.1B | $1.3B | ||
| Q4 24 | $9.8B | $1.2B | ||
| Q3 24 | $10.0B | $1.2B | ||
| Q2 24 | $10.0B | $1.2B |
负债/权益比NBHCRKLB
| Q1 26 | 0.12× | — | ||
| Q4 25 | 0.04× | 0.09× | ||
| Q3 25 | 0.04× | 0.27× | ||
| Q2 25 | 0.04× | 0.50× | ||
| Q1 25 | 0.04× | 0.80× | ||
| Q4 24 | 0.04× | 0.90× | ||
| Q3 24 | 0.04× | 0.15× | ||
| Q2 24 | 0.04× | 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 | — | $-64.5M |
| 自由现金流经营现金流 - 资本支出 | — | $-114.2M |
| 自由现金流率自由现金流/营收 | — | -63.6% |
| 资本支出强度资本支出/营收 | — | 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 | — | $-321.8M |
8季度趋势，按日历期对齐
经营现金流NBHCRKLB
| Q1 26 | — | — | ||
| Q4 25 | $162.4M | $-64.5M | ||
| Q3 25 | $52.4M | $-23.5M | ||
| Q2 25 | $32.3M | $-23.2M | ||
| Q1 25 | $39.6M | $-54.2M | ||
| Q4 24 | $155.3M | $-2.4M | ||
| Q3 24 | $47.0M | $-30.9M | ||
| Q2 24 | $31.9M | $-13.0M |
自由现金流NBHCRKLB
| Q1 26 | — | — | ||
| Q4 25 | — | $-114.2M | ||
| Q3 25 | — | $-69.4M | ||
| Q2 25 | — | $-55.3M | ||
| Q1 25 | — | $-82.9M | ||
| Q4 24 | — | $-23.9M | ||
| Q3 24 | — | $-41.9M | ||
| Q2 24 | — | $-28.3M |
自由现金流率NBHCRKLB
| Q1 26 | — | — | ||
| Q4 25 | — | -63.6% | ||
| Q3 25 | — | -44.8% | ||
| Q2 25 | — | -38.3% | ||
| Q1 25 | — | -67.6% | ||
| Q4 24 | — | -18.1% | ||
| Q3 24 | — | -40.0% | ||
| Q2 24 | — | -26.7% |
资本支出强度NBHCRKLB
| Q1 26 | — | — | ||
| Q4 25 | — | 27.6% | ||
| Q3 25 | — | 29.6% | ||
| Q2 25 | — | 22.2% | ||
| Q1 25 | — | 23.4% | ||
| Q4 24 | — | 16.3% | ||
| Q3 24 | — | 10.5% | ||
| Q2 24 | — | 14.4% |
现金转化率NBHCRKLB
| Q1 26 | — | — | ||
| Q4 25 | 10.13× | — | ||
| Q3 25 | 1.48× | — | ||
| Q2 25 | 0.95× | — | ||
| Q1 25 | 1.64× | — | ||
| Q4 24 | 5.51× | — | ||
| Q3 24 | 1.42× | — | ||
| Q2 24 | 1.22× | — |
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
NBHC
| Net Interest Income | $108.8M | 86% |
| Noninterest Income | $18.0M | 14% |
RKLB
| Products | $94.0M | 52% |
| Transferred Over Time | $87.3M | 49% |
