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百济神州（ONC）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.的季度营收约是百济神州的1.8倍（$2.7B vs $1.5B），百济神州净利率更高（4.4% vs 2.5%，领先1.9%），Rocket Companies, Inc.同比增速更快（52.2% vs 32.8%），百济神州自由现金流更多（$379.8M vs $-1.3B），过去两年百济神州的营收复合增速更高（41.2% vs 39.5%）
BeOne Medicines（原百济神州）是一家跨国肿瘤领域制药企业，专注于癌症治疗创新药物的研发与商业化，致力于为全球癌症患者提供更有效、可及性更高的治疗方案，改善患者的生存质量与预后。
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。
ONC 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19.3%
32.8%
净利率更高
ONC
高出1.9%
2.5%
自由现金流更多
ONC
多$1.6B
$-1.3B
两年增速更快
ONC
近两年复合增速
39.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.5B | $2.7B |
| 净利润 | $66.5M | $68.0M |
| 毛利率 | 90.5% | — |
| 营业利润率 | 12.4% | 6.3% |
| 净利率 | 4.4% | 2.5% |
| 营收同比 | 32.8% | 52.2% |
| 净利润同比 | 143.8% | 100.8% |
| 每股收益（稀释后） | $0.05 | $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ONCRKT
| Q4 25 | $1.5B | $2.7B | ||
| Q3 25 | $1.4B | $1.6B | ||
| Q2 25 | $1.3B | $1.4B | ||
| Q1 25 | $1.1B | $1.0B | ||
| Q4 24 | $1.1B | $1.8B | ||
| Q3 24 | $1.0B | $646.9M | ||
| Q2 24 | $929.2M | $1.3B | ||
| Q1 24 | $751.7M | $1.4B |
净利润ONCRKT
| Q4 25 | $66.5M | $68.0M | ||
| Q3 25 | $124.8M | $-123.9M | ||
| Q2 25 | $94.3M | $-1.8M | ||
| Q1 25 | $1.3M | $-10.4M | ||
| Q4 24 | $-151.9M | $33.9M | ||
| Q3 24 | $-121.3M | $-22.0M | ||
| Q2 24 | $-120.4M | $1.3M | ||
| Q1 24 | $-251.2M | $16.2M |
毛利率ONCRKT
| Q4 25 | 90.5% | — | ||
| Q3 25 | 86.1% | — | ||
| Q2 25 | 87.5% | — | ||
| Q1 25 | 85.2% | — | ||
| Q4 24 | 85.8% | 58.9% | ||
| Q3 24 | 83.0% | -8.4% | ||
| Q2 24 | 85.1% | 47.4% | ||
| Q1 24 | 83.4% | 51.2% |
营业利润率ONCRKT
| Q4 25 | 12.4% | 6.3% | ||
| Q3 25 | 11.5% | -11.5% | ||
| Q2 25 | 6.7% | 1.8% | ||
| Q1 25 | 1.0% | -21.5% | ||
| Q4 24 | -7.0% | 38.1% | ||
| Q3 24 | -12.0% | -76.9% | ||
| Q2 24 | -11.5% | 14.8% | ||
| Q1 24 | -34.8% | 21.6% |
净利率ONCRKT
| Q4 25 | 4.4% | 2.5% | ||
| Q3 25 | 8.8% | -7.7% | ||
| Q2 25 | 7.2% | -0.1% | ||
| Q1 25 | 0.1% | -1.0% | ||
| Q4 24 | -13.5% | 1.9% | ||
| Q3 24 | -12.1% | -3.4% | ||
| Q2 24 | -13.0% | 0.1% | ||
| Q1 24 | -33.4% | 1.2% |
每股收益（稀释后）ONCRKT
| Q4 25 | $0.05 | $0.10 | ||
| Q3 25 | $0.08 | $-0.06 | ||
| Q2 25 | $0.06 | $-0.01 | ||
| Q1 25 | $0.00 | $-0.08 | ||
| Q4 24 | $-0.10 | $0.28 | ||
| Q3 24 | $-0.09 | $-0.19 | ||
| Q2 24 | $-0.09 | $0.01 | ||
| Q1 24 | $-0.19 | $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 | $4.5B | $2.7B |
| 总债务越低越好 | $836.4M | — |
| 股东权益账面价值 | $4.4B | $22.9B |
| 总资产 | $8.2B | $60.7B |
| 负债/权益比越低杠杆越低 | 0.19× | — |
8季度趋势，按日历期对齐
现金及短期投资ONCRKT
| Q4 25 | $4.5B | $2.7B | ||
| Q3 25 | $4.0B | $5.8B | ||
| Q2 25 | $2.8B | $5.1B | ||
| Q1 25 | $2.5B | $1.4B | ||
| Q4 24 | $2.6B | $1.3B | ||
| Q3 24 | $2.7B | $1.2B | ||
| Q2 24 | $2.6B | $1.3B | ||
| Q1 24 | $2.8B | $861.4M |
总债务ONCRKT
| Q4 25 | $836.4M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益ONCRKT
| Q4 25 | $4.4B | $22.9B | ||
| Q3 25 | $4.1B | $8.9B | ||
| Q2 25 | $3.8B | $7.4B | ||
| Q1 25 | $3.5B | $8.6B | ||
| Q4 24 | $3.3B | $9.0B | ||
| Q3 24 | $3.4B | $8.4B | ||
| Q2 24 | $3.4B | $8.8B | ||
| Q1 24 | $3.4B | $8.6B |
总资产ONCRKT
| Q4 25 | $8.2B | $60.7B | ||
| Q3 25 | $7.6B | $33.6B | ||
| Q2 25 | $6.3B | $30.4B | ||
| Q1 25 | $5.8B | $25.3B | ||
| Q4 24 | $5.9B | $24.5B | ||
| Q3 24 | $5.8B | $25.1B | ||
| Q2 24 | $5.7B | $23.6B | ||
| Q1 24 | $5.7B | $22.2B |
负债/权益比ONCRKT
| Q4 25 | 0.19× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $417.3M | $-1.2B |
| 自由现金流经营现金流 - 资本支出 | $379.8M | $-1.3B |
| 自由现金流率自由现金流/营收 | 25.4% | -47.2% |
| 资本支出强度资本支出/营收 | 2.5% | 1.5% |
| 现金转化率经营现金流/净利润 | 6.28× | -18.08× |
| 过去12个月自由现金流最近4个季度 | $941.7M | $-4.0B |
8季度趋势，按日历期对齐
经营现金流ONCRKT
| Q4 25 | $417.3M | $-1.2B | ||
| Q3 25 | $402.6M | $-50.3M | ||
| Q2 25 | $263.6M | $-1.9B | ||
| Q1 25 | $44.1M | $-797.0M | ||
| Q4 24 | $75.2M | $1.8B | ||
| Q3 24 | $188.4M | $-1.3B | ||
| Q2 24 | $-95.6M | $-122.3M | ||
| Q1 24 | $-308.6M | $-3.0B |
自由现金流ONCRKT
| Q4 25 | $379.8M | $-1.3B | ||
| Q3 25 | $354.5M | $-71.8M | ||
| Q2 25 | $219.8M | $-1.9B | ||
| Q1 25 | $-12.3M | $-811.0M | ||
| Q4 24 | $-17.3M | $1.8B | ||
| Q3 24 | $54.7M | $-1.4B | ||
| Q2 24 | $-205.5M | $-138.3M | ||
| Q1 24 | $-465.1M | $-3.0B |
自由现金流率ONCRKT
| Q4 25 | 25.4% | -47.2% | ||
| Q3 25 | 25.1% | -4.5% | ||
| Q2 25 | 16.7% | -137.2% | ||
| Q1 25 | -1.1% | -78.2% | ||
| Q4 24 | -1.5% | 103.1% | ||
| Q3 24 | 5.5% | -209.6% | ||
| Q2 24 | -22.1% | -10.6% | ||
| Q1 24 | -61.9% | -218.7% |
资本支出强度ONCRKT
| Q4 25 | 2.5% | 1.5% | ||
| Q3 25 | 3.4% | 1.3% | ||
| Q2 25 | 3.3% | 1.1% | ||
| Q1 25 | 5.0% | 1.4% | ||
| Q4 24 | 8.2% | 1.1% | ||
| Q3 24 | 13.3% | 2.9% | ||
| Q2 24 | 11.8% | 1.2% | ||
| Q1 24 | 20.8% | 1.0% |
现金转化率ONCRKT
| Q4 25 | 6.28× | -18.08× | ||
| Q3 25 | 3.22× | — | ||
| Q2 25 | 2.79× | — | ||
| Q1 25 | 34.71× | — | ||
| Q4 24 | — | 54.42× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | -94.46× | ||
| Q1 24 | — | -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
ONC
暂无分部数据
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% |
