vs
Realty Income（O）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Realty Income的1.8倍（$2.7B vs $1.5B），Realty Income净利率更高（19.9% vs 2.5%，领先17.4%），Rocket Companies, Inc.同比增速更快（52.2% vs 11.0%），Realty Income自由现金流更多（$1.2B vs $-1.3B），过去两年Rocket Companies, Inc.的营收复合增速更高（39.5% vs 8.6%）
Realty Income是一家房地产投资信托企业，投资范围覆盖美国、英国及欧洲其他六个国家的独立单租户商业地产，旗下物业普遍采用三重净租约模式。公司注册地为美国马里兰州，总部位于加利福尼亚州圣迭戈市。
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。
O vs RKT — 直观对比
营收规模更大
RKT
是对方的1.8倍
$1.5B
营收增速更快
RKT
高出41.1%
11.0%
净利率更高
O
高出17.4%
2.5%
自由现金流更多
O
多$2.4B
$-1.3B
两年增速更快
RKT
近两年复合增速
8.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.5B | $2.7B |
| 净利润 | $296.1M | $68.0M |
| 毛利率 | — | — |
| 营业利润率 | 21.7% | 6.3% |
| 净利率 | 19.9% | 2.5% |
| 营收同比 | 11.0% | 52.2% |
| 净利润同比 | 48.3% | 100.8% |
| 每股收益（稀释后） | $0.32 | $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ORKT
| Q4 25 | $1.5B | $2.7B | ||
| Q3 25 | $1.5B | $1.6B | ||
| Q2 25 | $1.4B | $1.4B | ||
| Q1 25 | $1.4B | $1.0B | ||
| Q4 24 | $1.3B | $1.8B | ||
| Q3 24 | $1.3B | $646.9M | ||
| Q2 24 | $1.3B | $1.3B | ||
| Q1 24 | $1.3B | $1.4B |
净利润ORKT
| Q4 25 | $296.1M | $68.0M | ||
| Q3 25 | $315.8M | $-123.9M | ||
| Q2 25 | $196.9M | $-1.8M | ||
| Q1 25 | $249.8M | $-10.4M | ||
| Q4 24 | $199.6M | $33.9M | ||
| Q3 24 | $269.5M | $-22.0M | ||
| Q2 24 | $259.4M | $1.3M | ||
| Q1 24 | $132.3M | $16.2M |
毛利率ORKT
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 58.9% | ||
| Q3 24 | — | -8.4% | ||
| Q2 24 | — | 47.4% | ||
| Q1 24 | — | 51.2% |
营业利润率ORKT
| Q4 25 | 21.7% | 6.3% | ||
| Q3 25 | 23.2% | -11.5% | ||
| Q2 25 | 15.8% | 1.8% | ||
| Q1 25 | 19.3% | -21.5% | ||
| Q4 24 | 16.5% | 38.1% | ||
| Q3 24 | 21.5% | -76.9% | ||
| Q2 24 | 20.7% | 14.8% | ||
| Q1 24 | 11.9% | 21.6% |
净利率ORKT
| Q4 25 | 19.9% | 2.5% | ||
| Q3 25 | 21.5% | -7.7% | ||
| Q2 25 | 14.0% | -0.1% | ||
| Q1 25 | 18.1% | -1.0% | ||
| Q4 24 | 14.9% | 1.9% | ||
| Q3 24 | 20.2% | -3.4% | ||
| Q2 24 | 19.4% | 0.1% | ||
| Q1 24 | 10.5% | 1.2% |
每股收益（稀释后）ORKT
| Q4 25 | $0.32 | $0.10 | ||
| Q3 25 | $0.35 | $-0.06 | ||
| Q2 25 | $0.22 | $-0.01 | ||
| Q1 25 | $0.28 | $-0.08 | ||
| Q4 24 | $0.23 | $0.28 | ||
| Q3 24 | $0.30 | $-0.19 | ||
| Q2 24 | $0.29 | $0.01 | ||
| Q1 24 | $0.16 | $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 | $434.8M | $2.7B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $39.4B | $22.9B |
| 总资产 | $72.8B | $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ORKT
| Q4 25 | $434.8M | $2.7B | ||
| Q3 25 | $417.2M | $5.8B | ||
| Q2 25 | $800.4M | $5.1B | ||
| Q1 25 | $319.0M | $1.4B | ||
| Q4 24 | $445.0M | $1.3B | ||
| Q3 24 | $397.0M | $1.2B | ||
| Q2 24 | $442.8M | $1.3B | ||
| Q1 24 | $680.2M | $861.4M |
股东权益ORKT
| Q4 25 | $39.4B | $22.9B | ||
| Q3 25 | $39.1B | $8.9B | ||
| Q2 25 | $39.2B | $7.4B | ||
| Q1 25 | $39.0B | $8.6B | ||
| Q4 24 | $38.8B | $9.0B | ||
| Q3 24 | $38.5B | $8.4B | ||
| Q2 24 | $38.6B | $8.8B | ||
| Q1 24 | $39.0B | $8.6B |
总资产ORKT
| Q4 25 | $72.8B | $60.7B | ||
| Q3 25 | $71.3B | $33.6B | ||
| Q2 25 | $71.4B | $30.4B | ||
| Q1 25 | $69.8B | $25.3B | ||
| Q4 24 | $68.8B | $24.5B | ||
| Q3 24 | $68.5B | $25.1B | ||
| Q2 24 | $68.1B | $23.6B | ||
| Q1 24 | $68.3B | $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 | $1.2B | $-1.2B |
| 自由现金流经营现金流 - 资本支出 | $1.2B | $-1.3B |
| 自由现金流率自由现金流/营收 | 77.6% | -47.2% |
| 资本支出强度资本支出/营收 | 3.3% | 1.5% |
| 现金转化率经营现金流/净利润 | 4.06× | -18.08× |
| 过去12个月自由现金流最近4个季度 | $3.9B | $-4.0B |
8季度趋势，按日历期对齐
经营现金流ORKT
| Q4 25 | $1.2B | $-1.2B | ||
| Q3 25 | $943.1M | $-50.3M | ||
| Q2 25 | $1.1B | $-1.9B | ||
| Q1 25 | $787.5M | $-797.0M | ||
| Q4 24 | $972.0M | $1.8B | ||
| Q3 24 | $841.5M | $-1.3B | ||
| Q2 24 | $981.2M | $-122.3M | ||
| Q1 24 | $778.7M | $-3.0B |
自由现金流ORKT
| Q4 25 | $1.2B | $-1.3B | ||
| Q3 25 | $909.9M | $-71.8M | ||
| Q2 25 | $1.0B | $-1.9B | ||
| Q1 25 | $764.6M | $-811.0M | ||
| Q4 24 | $935.8M | $1.8B | ||
| Q3 24 | $807.9M | $-1.4B | ||
| Q2 24 | $939.2M | $-138.3M | ||
| Q1 24 | $769.0M | $-3.0B |
自由现金流率ORKT
| Q4 25 | 77.6% | -47.2% | ||
| Q3 25 | 61.9% | -4.5% | ||
| Q2 25 | 73.3% | -137.2% | ||
| Q1 25 | 55.4% | -78.2% | ||
| Q4 24 | 69.8% | 103.1% | ||
| Q3 24 | 60.7% | -209.6% | ||
| Q2 24 | 70.1% | -10.6% | ||
| Q1 24 | 61.0% | -218.7% |
资本支出强度ORKT
| Q4 25 | 3.3% | 1.5% | ||
| Q3 25 | 2.3% | 1.3% | ||
| Q2 25 | 1.9% | 1.1% | ||
| Q1 25 | 1.7% | 1.4% | ||
| Q4 24 | 2.7% | 1.1% | ||
| Q3 24 | 2.5% | 2.9% | ||
| Q2 24 | 3.1% | 1.2% | ||
| Q1 24 | 0.8% | 1.0% |
现金转化率ORKT
| Q4 25 | 4.06× | -18.08× | ||
| Q3 25 | 2.99× | — | ||
| Q2 25 | 5.39× | — | ||
| Q1 25 | 3.15× | — | ||
| Q4 24 | 4.87× | 54.42× | ||
| Q3 24 | 3.12× | — | ||
| Q2 24 | 3.78× | -94.46× | ||
| Q1 24 | 5.89× | -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
O
| Product And Service Retail | $900.8M | 61% |
| Other | $531.5M | 36% |
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% |
