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合众银行（OSBC）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的季度营收约是合众银行的1.9倍（$179.7M vs $93.8M），合众银行净利率更高（27.3% vs -29.5%，领先56.7%），过去两年Rocket Lab Corp的营收复合增速更高（39.2% vs 15.1%）
合众银行是一家总部位于美国明尼阿波利斯、在特拉华州注册的美国跨国银行机构。截至2025年，它是美国第五大银行，也是美国中西部规模最大的银行，被金融稳定委员会认定为具有系统重要性的金融机构，主营银行、投资、抵押等金融服务。
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。
OSBC vs RKLB — 直观对比
营收规模更大
RKLB
是对方的1.9倍
$93.8M
净利率更高
OSBC
高出56.7%
-29.5%
两年增速更快
RKLB
近两年复合增速
15.1%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $93.8M | $179.7M |
| 净利润 | $25.6M | $-52.9M |
| 毛利率 | — | 38.0% |
| 营业利润率 | — | -28.4% |
| 净利率 | 27.3% | -29.5% |
| 营收同比 | — | 35.7% |
| 净利润同比 | 159.2% | -1.1% |
| 每股收益（稀释后） | $0.48 | $-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OSBCRKLB
| Q1 26 | $93.8M | — | ||
| Q4 25 | $95.2M | $179.7M | ||
| Q3 25 | $95.9M | $155.1M | ||
| Q2 25 | $75.1M | $144.5M | ||
| Q1 25 | $73.1M | $122.6M | ||
| Q4 24 | $73.2M | $132.4M | ||
| Q3 24 | $71.2M | $104.8M | ||
| Q2 24 | $70.8M | $106.3M |
净利润OSBCRKLB
| Q1 26 | $25.6M | — | ||
| Q4 25 | — | $-52.9M | ||
| Q3 25 | $9.9M | $-18.3M | ||
| Q2 25 | $21.8M | $-66.4M | ||
| Q1 25 | $19.8M | $-60.6M | ||
| Q4 24 | — | $-52.3M | ||
| Q3 24 | $23.0M | $-51.9M | ||
| Q2 24 | $21.9M | $-41.6M |
毛利率OSBCRKLB
| 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OSBCRKLB
| Q1 26 | — | — | ||
| Q4 25 | 41.2% | -28.4% | ||
| Q3 25 | 13.6% | -38.0% | ||
| Q2 25 | 38.9% | -41.3% | ||
| Q1 25 | 35.8% | -48.3% | ||
| Q4 24 | 34.7% | -38.9% | ||
| Q3 24 | 41.9% | -49.5% | ||
| Q2 24 | 41.2% | -40.7% |
净利率OSBCRKLB
| Q1 26 | 27.3% | — | ||
| Q4 25 | — | -29.5% | ||
| Q3 25 | 10.3% | -11.8% | ||
| Q2 25 | 29.0% | -46.0% | ||
| Q1 25 | 27.1% | -49.5% | ||
| Q4 24 | — | -39.5% | ||
| Q3 24 | 32.3% | -49.6% | ||
| Q2 24 | 30.9% | -39.2% |
每股收益（稀释后）OSBCRKLB
| Q1 26 | $0.48 | — | ||
| Q4 25 | $0.53 | $-0.09 | ||
| Q3 25 | $0.18 | $-0.03 | ||
| Q2 25 | $0.48 | $-0.13 | ||
| Q1 25 | $0.43 | $-0.12 | ||
| Q4 24 | $0.42 | $-0.11 | ||
| Q3 24 | $0.50 | $-0.10 | ||
| Q2 24 | $0.48 | $-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 | $115.7M | $1.0B |
| 总债务越低越好 | — | $152.4M |
| 股东权益账面价值 | $893.3M | $1.7B |
| 总资产 | $6.8B | $2.3B |
| 负债/权益比越低杠杆越低 | — | 0.09× |
8季度趋势，按日历期对齐
现金及短期投资OSBCRKLB
| Q1 26 | $115.7M | — | ||
| Q4 25 | $124.0M | $1.0B | ||
| Q3 25 | $116.5M | $976.7M | ||
| Q2 25 | $141.8M | $688.1M | ||
| Q1 25 | $256.1M | $428.4M | ||
| Q4 24 | $99.3M | $419.0M | ||
| Q3 24 | $115.8M | $442.4M | ||
| Q2 24 | $120.9M | $496.8M |
总债务OSBCRKLB
| Q1 26 | — | — | ||
| Q4 25 | — | $152.4M | ||
| Q3 25 | — | $347.0M | ||
| Q2 25 | — | $346.5M | ||
| Q1 25 | — | $345.9M | ||
| Q4 24 | — | $345.4M | ||
| Q3 24 | — | $61.2M | ||
| Q2 24 | — | $64.2M |
股东权益OSBCRKLB
| Q1 26 | $893.3M | — | ||
| Q4 25 | $896.8M | $1.7B | ||
| Q3 25 | $866.7M | $1.3B | ||
| Q2 25 | $718.6M | $688.5M | ||
| Q1 25 | $694.5M | $431.3M | ||
| Q4 24 | $671.0M | $382.5M | ||
| Q3 24 | $661.4M | $419.8M | ||
| Q2 24 | $619.3M | $455.2M |
总资产OSBCRKLB
| Q1 26 | $6.8B | — | ||
| Q4 25 | $6.9B | $2.3B | ||
| Q3 25 | $7.0B | $2.2B | ||
| Q2 25 | $5.7B | $1.6B | ||
| Q1 25 | $5.7B | $1.3B | ||
| Q4 24 | $5.6B | $1.2B | ||
| Q3 24 | $5.7B | $1.2B | ||
| Q2 24 | $5.7B | $1.2B |
负债/权益比OSBCRKLB
| Q1 26 | — | — | ||
| Q4 25 | — | 0.09× | ||
| Q3 25 | — | 0.27× | ||
| Q2 25 | — | 0.50× | ||
| Q1 25 | — | 0.80× | ||
| Q4 24 | — | 0.90× | ||
| Q3 24 | — | 0.15× | ||
| Q2 24 | — | 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OSBCRKLB
| Q1 26 | — | — | ||
| Q4 25 | $122.3M | $-64.5M | ||
| Q3 25 | $35.9M | $-23.5M | ||
| Q2 25 | $24.2M | $-23.2M | ||
| Q1 25 | $17.8M | $-54.2M | ||
| Q4 24 | $131.5M | $-2.4M | ||
| Q3 24 | $48.5M | $-30.9M | ||
| Q2 24 | $11.6M | $-13.0M |
自由现金流OSBCRKLB
| Q1 26 | — | — | ||
| Q4 25 | $117.8M | $-114.2M | ||
| Q3 25 | $34.7M | $-69.4M | ||
| Q2 25 | $23.5M | $-55.3M | ||
| Q1 25 | $16.2M | $-82.9M | ||
| Q4 24 | $120.7M | $-23.9M | ||
| Q3 24 | $46.2M | $-41.9M | ||
| Q2 24 | $8.7M | $-28.3M |
自由现金流率OSBCRKLB
| Q1 26 | — | — | ||
| Q4 25 | 123.7% | -63.6% | ||
| Q3 25 | 36.2% | -44.8% | ||
| Q2 25 | 31.2% | -38.3% | ||
| Q1 25 | 22.2% | -67.6% | ||
| Q4 24 | 165.0% | -18.1% | ||
| Q3 24 | 64.9% | -40.0% | ||
| Q2 24 | 12.3% | -26.7% |
资本支出强度OSBCRKLB
| Q1 26 | — | — | ||
| Q4 25 | 4.7% | 27.6% | ||
| Q3 25 | 1.3% | 29.6% | ||
| Q2 25 | 1.1% | 22.2% | ||
| Q1 25 | 2.2% | 23.4% | ||
| Q4 24 | 14.7% | 16.3% | ||
| Q3 24 | 3.3% | 10.5% | ||
| Q2 24 | 4.2% | 14.4% |
现金转化率OSBCRKLB
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 3.64× | — | ||
| Q2 25 | 1.11× | — | ||
| Q1 25 | 0.90× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.11× | — | ||
| Q2 24 | 0.53× | — |
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
OSBC
| Net Interest Income | $81.1M | 87% |
| Noninterest Income | $12.6M | 13% |
RKLB
| Products | $94.0M | 52% |
| Transferred Over Time | $87.3M | 49% |
