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INSPERITY, INC.（NSP）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INSPERITY, INC.的1.6倍（$2.7B vs $1.7B），Rocket Companies, Inc.同比增速更快（52.2% vs 3.4%），INSPERITY, INC.自由现金流更多（$246.0M vs $-1.3B），过去两年Rocket Companies, Inc.的营收复合增速更高（39.5% vs -3.8%）
Insperity（前身为Administaff）是总部位于美国得克萨斯州休斯顿金伍德区的专业雇主组织（PEO），专注为中小微企业提供人力资源及行政事务外包等相关服务。自2004年起，该企业长期担任冠军巡回赛职业高尔夫赛事的冠名赞助商。
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。
NSP vs RKT — 直观对比
营收规模更大
RKT
是对方的1.6倍
$1.7B
营收增速更快
RKT
高出48.7%
3.4%
自由现金流更多
NSP
多$1.5B
$-1.3B
两年增速更快
RKT
近两年复合增速
-3.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.7B | $2.7B |
| 净利润 | — | $68.0M |
| 毛利率 | 10.3% | — |
| 营业利润率 | -2.8% | 6.3% |
| 净利率 | — | 2.5% |
| 营收同比 | 3.4% | 52.2% |
| 净利润同比 | — | 100.8% |
| 每股收益（稀释后） | $-0.87 | $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NSPRKT
| Q4 25 | $1.7B | $2.7B | ||
| Q3 25 | $1.6B | $1.6B | ||
| Q2 25 | $1.7B | $1.4B | ||
| Q1 25 | $1.9B | $1.0B | ||
| Q4 24 | $1.6B | $1.8B | ||
| Q3 24 | $1.6B | $646.9M | ||
| Q2 24 | $1.6B | $1.3B | ||
| Q1 24 | $1.8B | $1.4B |
净利润NSPRKT
| Q4 25 | — | $68.0M | ||
| Q3 25 | $-20.0M | $-123.9M | ||
| Q2 25 | $-5.0M | $-1.8M | ||
| Q1 25 | $51.0M | $-10.4M | ||
| Q4 24 | — | $33.9M | ||
| Q3 24 | $3.0M | $-22.0M | ||
| Q2 24 | $18.0M | $1.3M | ||
| Q1 24 | $79.0M | $16.2M |
毛利率NSPRKT
| Q4 25 | 10.3% | — | ||
| Q3 25 | 12.0% | — | ||
| Q2 25 | 13.4% | — | ||
| Q1 25 | 16.6% | — | ||
| Q4 24 | 13.5% | 58.9% | ||
| Q3 24 | 14.7% | -8.4% | ||
| Q2 24 | 16.2% | 47.4% | ||
| Q1 24 | 19.1% | 51.2% |
营业利润率NSPRKT
| Q4 25 | -2.8% | 6.3% | ||
| Q3 25 | -1.5% | -11.5% | ||
| Q2 25 | -0.4% | 1.8% | ||
| Q1 25 | 3.7% | -21.5% | ||
| Q4 24 | -0.9% | 38.1% | ||
| Q3 24 | 0.1% | -76.9% | ||
| Q2 24 | 1.4% | 14.8% | ||
| Q1 24 | 6.0% | 21.6% |
净利率NSPRKT
| Q4 25 | — | 2.5% | ||
| Q3 25 | -1.2% | -7.7% | ||
| Q2 25 | -0.3% | -0.1% | ||
| Q1 25 | 2.7% | -1.0% | ||
| Q4 24 | — | 1.9% | ||
| Q3 24 | 0.2% | -3.4% | ||
| Q2 24 | 1.1% | 0.1% | ||
| Q1 24 | 4.4% | 1.2% |
每股收益（稀释后）NSPRKT
| Q4 25 | $-0.87 | $0.10 | ||
| Q3 25 | $-0.53 | $-0.06 | ||
| Q2 25 | $-0.14 | $-0.01 | ||
| Q1 25 | $1.35 | $-0.08 | ||
| Q4 24 | $-0.21 | $0.28 | ||
| Q3 24 | $0.07 | $-0.19 | ||
| Q2 24 | $0.48 | $0.01 | ||
| Q1 24 | $2.08 | $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 | $682.0M | $2.7B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $46.0M | $22.9B |
| 总资产 | $2.2B | $60.7B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资NSPRKT
| Q4 25 | $682.0M | $2.7B | ||
| Q3 25 | $521.0M | $5.8B | ||
| Q2 25 | $511.0M | $5.1B | ||
| Q1 25 | $684.0M | $1.4B | ||
| Q4 24 | $1.2B | $1.3B | ||
| Q3 24 | $596.0M | $1.2B | ||
| Q2 24 | $850.0M | $1.3B | ||
| Q1 24 | $801.0M | $861.4M |
股东权益NSPRKT
| Q4 25 | $46.0M | $22.9B | ||
| Q3 25 | $87.0M | $8.9B | ||
| Q2 25 | $112.0M | $7.4B | ||
| Q1 25 | $119.0M | $8.6B | ||
| Q4 24 | $97.0M | $9.0B | ||
| Q3 24 | $125.0M | $8.4B | ||
| Q2 24 | $142.0M | $8.8B | ||
| Q1 24 | $140.0M | $8.6B |
总资产NSPRKT
| Q4 25 | $2.2B | $60.7B | ||
| Q3 25 | $2.0B | $33.6B | ||
| Q2 25 | $2.0B | $30.4B | ||
| Q1 25 | $2.1B | $25.3B | ||
| Q4 24 | $2.6B | $24.5B | ||
| Q3 24 | $1.9B | $25.1B | ||
| Q2 24 | $2.1B | $23.6B | ||
| Q1 24 | $2.1B | $22.2B |
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 | $255.0M | $-1.2B |
| 自由现金流经营现金流 - 资本支出 | $246.0M | $-1.3B |
| 自由现金流率自由现金流/营收 | 14.7% | -47.2% |
| 资本支出强度资本支出/营收 | 0.5% | 1.5% |
| 现金转化率经营现金流/净利润 | — | -18.08× |
| 过去12个月自由现金流最近4个季度 | $-309.0M | $-4.0B |
8季度趋势，按日历期对齐
经营现金流NSPRKT
| Q4 25 | $255.0M | $-1.2B | ||
| Q3 25 | $-11.0M | $-50.3M | ||
| Q2 25 | $-79.0M | $-1.9B | ||
| Q1 25 | $-443.0M | $-797.0M | ||
| Q4 24 | $619.0M | $1.8B | ||
| Q3 24 | $-150.0M | $-1.3B | ||
| Q2 24 | $20.0M | $-122.3M | ||
| Q1 24 | $31.0M | $-3.0B |
自由现金流NSPRKT
| Q4 25 | $246.0M | $-1.3B | ||
| Q3 25 | $-20.0M | $-71.8M | ||
| Q2 25 | $-86.0M | $-1.9B | ||
| Q1 25 | $-449.0M | $-811.0M | ||
| Q4 24 | $606.0M | $1.8B | ||
| Q3 24 | $-164.0M | $-1.4B | ||
| Q2 24 | $14.0M | $-138.3M | ||
| Q1 24 | $26.0M | $-3.0B |
自由现金流率NSPRKT
| Q4 25 | 14.7% | -47.2% | ||
| Q3 25 | -1.2% | -4.5% | ||
| Q2 25 | -5.2% | -137.2% | ||
| Q1 25 | -24.1% | -78.2% | ||
| Q4 24 | 37.6% | 103.1% | ||
| Q3 24 | -10.5% | -209.6% | ||
| Q2 24 | 0.9% | -10.6% | ||
| Q1 24 | 1.4% | -218.7% |
资本支出强度NSPRKT
| Q4 25 | 0.5% | 1.5% | ||
| Q3 25 | 0.6% | 1.3% | ||
| Q2 25 | 0.4% | 1.1% | ||
| Q1 25 | 0.3% | 1.4% | ||
| Q4 24 | 0.8% | 1.1% | ||
| Q3 24 | 0.9% | 2.9% | ||
| Q2 24 | 0.4% | 1.2% | ||
| Q1 24 | 0.3% | 1.0% |
现金转化率NSPRKT
| Q4 25 | — | -18.08× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | -8.69× | — | ||
| Q4 24 | — | 54.42× | ||
| Q3 24 | -50.00× | — | ||
| Q2 24 | 1.11× | -94.46× | ||
| Q1 24 | 0.39× | -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
NSP
| Northeast | $455.0M | 27% |
| West | $339.0M | 20% |
| Southwest | $317.0M | 19% |
| Central | $299.0M | 18% |
| Southeast | $241.0M | 14% |
| Other Revenues | $17.0M | 1% |
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% |
