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OCTAVE SPECIALTY GROUP INC（OSG）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OCTAVE SPECIALTY GROUP INC的1.7倍（$179.7M vs $104.2M），OCTAVE SPECIALTY GROUP INC净利率更高（-6.6% vs -29.5%，领先22.9%），OCTAVE SPECIALTY GROUP INC同比增速更快（66.0% vs 35.7%），过去两年OCTAVE SPECIALTY GROUP INC的营收复合增速更高（42.9% vs 39.2%）
奥克塔夫专业集团是一家专业保险控股企业，主营定制化财产与意外伤害保险产品，核心业务聚焦超额剩余保险领域，为北美地区的商业及个人客户提供定制化风险保障解决方案。
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。
OSG vs RKLB — 直观对比
营收规模更大
RKLB
是对方的1.7倍
$104.2M
营收增速更快
OSG
高出30.3%
35.7%
净利率更高
OSG
高出22.9%
-29.5%
两年增速更快
OSG
近两年复合增速
39.2%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $104.2M | $179.7M |
| 净利润 | $-6.9M | $-52.9M |
| 毛利率 | — | 38.0% |
| 营业利润率 | — | -28.4% |
| 净利率 | -6.6% | -29.5% |
| 营收同比 | 66.0% | 35.7% |
| 净利润同比 | — | -1.1% |
| 每股收益（稀释后） | $-0.13 | $-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OSGRKLB
| Q1 26 | $104.2M | — | ||
| Q4 25 | $66.9M | $179.7M | ||
| Q3 25 | $66.6M | $155.1M | ||
| Q2 25 | $55.0M | $144.5M | ||
| Q1 25 | $62.8M | $122.6M | ||
| Q4 24 | $65.2M | $132.4M | ||
| Q3 24 | $70.0M | $104.8M | ||
| Q2 24 | $51.0M | $106.3M |
净利润OSGRKLB
| Q1 26 | $-6.9M | — | ||
| Q4 25 | $-29.7M | $-52.9M | ||
| Q3 25 | $-112.6M | $-18.3M | ||
| Q2 25 | $-72.7M | $-66.4M | ||
| Q1 25 | $-44.7M | $-60.6M | ||
| Q4 24 | $-20.9M | $-52.3M | ||
| Q3 24 | $-27.5M | $-51.9M | ||
| Q2 24 | $-750.0K | $-41.6M |
毛利率OSGRKLB
| 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OSGRKLB
| Q1 26 | — | — | ||
| Q4 25 | -76.7% | -28.4% | ||
| Q3 25 | -48.2% | -38.0% | ||
| Q2 25 | -41.8% | -41.3% | ||
| Q1 25 | -24.1% | -48.3% | ||
| Q4 24 | -55.5% | -38.9% | ||
| Q3 24 | -29.7% | -49.5% | ||
| Q2 24 | -28.9% | -40.7% |
净利率OSGRKLB
| Q1 26 | -6.6% | — | ||
| Q4 25 | -73.8% | -29.5% | ||
| Q3 25 | -169.1% | -11.8% | ||
| Q2 25 | -132.3% | -46.0% | ||
| Q1 25 | -71.3% | -49.5% | ||
| Q4 24 | -55.1% | -39.5% | ||
| Q3 24 | -39.3% | -49.6% | ||
| Q2 24 | -1.5% | -39.2% |
每股收益（稀释后）OSGRKLB
| Q1 26 | $-0.13 | — | ||
| Q4 25 | $-0.82 | $-0.09 | ||
| Q3 25 | $-2.35 | $-0.03 | ||
| Q2 25 | $-1.54 | $-0.13 | ||
| Q1 25 | $-1.22 | $-0.12 | ||
| Q4 24 | $-11.75 | $-0.11 | ||
| Q3 24 | $-0.63 | $-0.10 | ||
| Q2 24 | $-0.02 | $-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 | — | $1.0B |
| 总债务越低越好 | $117.1M | $152.4M |
| 股东权益账面价值 | $833.6M | $1.7B |
| 总资产 | $2.3B | $2.3B |
| 负债/权益比越低杠杆越低 | 0.14× | 0.09× |
8季度趋势，按日历期对齐
现金及短期投资OSGRKLB
| Q1 26 | — | — | ||
| Q4 25 | $146.4M | $1.0B | ||
| Q3 25 | $27.5M | $976.7M | ||
| Q2 25 | $22.5M | $688.1M | ||
| Q1 25 | $34.1M | $428.4M | ||
| Q4 24 | $157.2M | $419.0M | ||
| Q3 24 | $40.8M | $442.4M | ||
| Q2 24 | $14.6M | $496.8M |
总债务OSGRKLB
| Q1 26 | $117.1M | — | ||
| Q4 25 | $117.6M | $152.4M | ||
| Q3 25 | — | $347.0M | ||
| Q2 25 | — | $346.5M | ||
| Q1 25 | — | $345.9M | ||
| Q4 24 | $0 | $345.4M | ||
| Q3 24 | $518.0M | $61.2M | ||
| Q2 24 | $515.0M | $64.2M |
股东权益OSGRKLB
| Q1 26 | $833.6M | — | ||
| Q4 25 | $715.8M | $1.7B | ||
| Q3 25 | $843.4M | $1.3B | ||
| Q2 25 | $859.8M | $688.5M | ||
| Q1 25 | $852.2M | $431.3M | ||
| Q4 24 | $798.4M | $382.5M | ||
| Q3 24 | $1.5B | $419.8M | ||
| Q2 24 | $1.4B | $455.2M |
总资产OSGRKLB
| Q1 26 | $2.3B | — | ||
| Q4 25 | $2.2B | $2.3B | ||
| Q3 25 | $2.1B | $2.2B | ||
| Q2 25 | $8.5B | $1.6B | ||
| Q1 25 | $8.3B | $1.3B | ||
| Q4 24 | $8.1B | $1.2B | ||
| Q3 24 | $9.3B | $1.2B | ||
| Q2 24 | $8.2B | $1.2B |
负债/权益比OSGRKLB
| Q1 26 | 0.14× | — | ||
| Q4 25 | 0.16× | 0.09× | ||
| Q3 25 | — | 0.27× | ||
| Q2 25 | — | 0.50× | ||
| Q1 25 | — | 0.80× | ||
| Q4 24 | 0.00× | 0.90× | ||
| Q3 24 | 0.35× | 0.15× | ||
| Q2 24 | 0.38× | 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OSGRKLB
| Q1 26 | — | — | ||
| Q4 25 | $-52.3M | $-64.5M | ||
| Q3 25 | $-41.2M | $-23.5M | ||
| Q2 25 | $2.1M | $-23.2M | ||
| Q1 25 | $-12.6M | $-54.2M | ||
| Q4 24 | $762.0K | $-2.4M | ||
| Q3 24 | $48.9M | $-30.9M | ||
| Q2 24 | $20.4M | $-13.0M |
自由现金流OSGRKLB
| 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OSGRKLB
| 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OSGRKLB
| 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% |
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
OSG
| Commissions | $68.2M | 65% |
| Other | $20.6M | 20% |
| Servicing and other fees | $9.4M | 9% |
| Program fees | $3.6M | 3% |
| Investment income | $2.4M | 2% |
RKLB
| Products | $94.0M | 52% |
| Transferred Over Time | $87.3M | 49% |
