vs
ONESPAWORLD HOLDINGS Ltd（OSW）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
ONESPAWORLD HOLDINGS Ltd的季度营收约是Rocket Lab Corp的1.3倍（$242.1M vs $179.7M），ONESPAWORLD HOLDINGS Ltd净利率更高（5.0% vs -29.5%，领先34.4%），Rocket Lab Corp同比增速更快（35.7% vs 11.5%），ONESPAWORLD HOLDINGS Ltd自由现金流更多（$14.9M vs $-114.2M），过去两年Rocket Lab Corp的营收复合增速更高（39.2% vs 7.1%）
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。
OSW vs RKLB — 直观对比
营收规模更大
OSW
是对方的1.3倍
$179.7M
营收增速更快
RKLB
高出24.2%
11.5%
净利率更高
OSW
高出34.4%
-29.5%
自由现金流更多
OSW
多$129.1M
$-114.2M
两年增速更快
RKLB
近两年复合增速
7.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $242.1M | $179.7M |
| 净利润 | $12.1M | $-52.9M |
| 毛利率 | — | 38.0% |
| 营业利润率 | 6.8% | -28.4% |
| 净利率 | 5.0% | -29.5% |
| 营收同比 | 11.5% | 35.7% |
| 净利润同比 | -16.2% | -1.1% |
| 每股收益（稀释后） | $0.12 | $-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OSWRKLB
| Q4 25 | $242.1M | $179.7M | ||
| Q3 25 | $258.5M | $155.1M | ||
| Q2 25 | $240.7M | $144.5M | ||
| Q1 25 | $219.6M | $122.6M | ||
| Q4 24 | $217.2M | $132.4M | ||
| Q3 24 | $241.7M | $104.8M | ||
| Q2 24 | $224.9M | $106.3M | ||
| Q1 24 | $211.2M | $92.8M |
净利润OSWRKLB
| Q4 25 | $12.1M | $-52.9M | ||
| Q3 25 | $24.3M | $-18.3M | ||
| Q2 25 | $19.9M | $-66.4M | ||
| Q1 25 | $15.3M | $-60.6M | ||
| Q4 24 | $14.4M | $-52.3M | ||
| Q3 24 | $21.6M | $-51.9M | ||
| Q2 24 | $15.8M | $-41.6M | ||
| Q1 24 | $21.2M | $-44.3M |
毛利率OSWRKLB
| 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% | ||
| Q1 24 | — | 26.1% |
营业利润率OSWRKLB
| Q4 25 | 6.8% | -28.4% | ||
| Q3 25 | 10.2% | -38.0% | ||
| Q2 25 | 9.2% | -41.3% | ||
| Q1 25 | 7.7% | -48.3% | ||
| Q4 24 | 7.9% | -38.9% | ||
| Q3 24 | 10.3% | -49.5% | ||
| Q2 24 | 8.4% | -40.7% | ||
| Q1 24 | 8.0% | -46.4% |
净利率OSWRKLB
| Q4 25 | 5.0% | -29.5% | ||
| Q3 25 | 9.4% | -11.8% | ||
| Q2 25 | 8.3% | -46.0% | ||
| Q1 25 | 7.0% | -49.5% | ||
| Q4 24 | 6.6% | -39.5% | ||
| Q3 24 | 8.9% | -49.6% | ||
| Q2 24 | 7.0% | -39.2% | ||
| Q1 24 | 10.0% | -47.7% |
每股收益（稀释后）OSWRKLB
| Q4 25 | $0.12 | $-0.09 | ||
| Q3 25 | $0.23 | $-0.03 | ||
| Q2 25 | $0.19 | $-0.13 | ||
| Q1 25 | $0.15 | $-0.12 | ||
| Q4 24 | $0.13 | $-0.11 | ||
| Q3 24 | $0.20 | $-0.10 | ||
| Q2 24 | $0.15 | $-0.08 | ||
| Q1 24 | $0.21 | $-0.09 |
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 | $16.3M | $1.0B |
| 总债务越低越好 | $84.0M | $152.4M |
| 股东权益账面价值 | $542.6M | $1.7B |
| 总资产 | $707.1M | $2.3B |
| 负债/权益比越低杠杆越低 | 0.15× | 0.09× |
8季度趋势，按日历期对齐
现金及短期投资OSWRKLB
| Q4 25 | $16.3M | $1.0B | ||
| Q3 25 | $29.6M | $976.7M | ||
| Q2 25 | $35.0M | $688.1M | ||
| Q1 25 | $22.6M | $428.4M | ||
| Q4 24 | $57.4M | $419.0M | ||
| Q3 24 | $48.8M | $442.4M | ||
| Q2 24 | $62.5M | $496.8M | ||
| Q1 24 | $65.4M | $492.5M |
总债务OSWRKLB
| Q4 25 | $84.0M | $152.4M | ||
| Q3 25 | $85.2M | $347.0M | ||
| Q2 25 | $96.2M | $346.5M | ||
| Q1 25 | $97.4M | $345.9M | ||
| Q4 24 | $98.6M | $345.4M | ||
| Q3 24 | $98.7M | $61.2M | ||
| Q2 24 | $123.8M | $64.2M | ||
| Q1 24 | $138.6M | $66.8M |
股东权益OSWRKLB
| Q4 25 | $542.6M | $1.7B | ||
| Q3 25 | $552.8M | $1.3B | ||
| Q2 25 | $548.3M | $688.5M | ||
| Q1 25 | $530.6M | $431.3M | ||
| Q4 24 | $554.5M | $382.5M | ||
| Q3 24 | $540.1M | $419.8M | ||
| Q2 24 | $532.7M | $455.2M | ||
| Q1 24 | $515.5M | $478.9M |
总资产OSWRKLB
| Q4 25 | $707.1M | $2.3B | ||
| Q3 25 | $732.6M | $2.2B | ||
| Q2 25 | $731.8M | $1.6B | ||
| Q1 25 | $708.7M | $1.3B | ||
| Q4 24 | $746.4M | $1.2B | ||
| Q3 24 | $734.0M | $1.2B | ||
| Q2 24 | $756.8M | $1.2B | ||
| Q1 24 | $763.6M | $1.2B |
负债/权益比OSWRKLB
| Q4 25 | 0.15× | 0.09× | ||
| Q3 25 | 0.15× | 0.27× | ||
| Q2 25 | 0.18× | 0.50× | ||
| Q1 25 | 0.18× | 0.80× | ||
| Q4 24 | 0.18× | 0.90× | ||
| Q3 24 | 0.18× | 0.15× | ||
| Q2 24 | 0.23× | 0.14× | ||
| Q1 24 | 0.27× | 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 | $20.0M | $-64.5M |
| 自由现金流经营现金流 - 资本支出 | $14.9M | $-114.2M |
| 自由现金流率自由现金流/营收 | 6.2% | -63.6% |
| 资本支出强度资本支出/营收 | 2.1% | 27.6% |
| 现金转化率经营现金流/净利润 | 1.65× | — |
| 过去12个月自由现金流最近4个季度 | $68.4M | $-321.8M |
8季度趋势，按日历期对齐
经营现金流OSWRKLB
| Q4 25 | $20.0M | $-64.5M | ||
| Q3 25 | $33.2M | $-23.5M | ||
| Q2 25 | $20.3M | $-23.2M | ||
| Q1 25 | $10.1M | $-54.2M | ||
| Q4 24 | $16.6M | $-2.4M | ||
| Q3 24 | $28.6M | $-30.9M | ||
| Q2 24 | $18.7M | $-13.0M | ||
| Q1 24 | $15.0M | $-2.6M |
自由现金流OSWRKLB
| Q4 25 | $14.9M | $-114.2M | ||
| Q3 25 | $27.6M | $-69.4M | ||
| Q2 25 | $17.6M | $-55.3M | ||
| Q1 25 | $8.4M | $-82.9M | ||
| Q4 24 | $13.2M | $-23.9M | ||
| Q3 24 | $27.5M | $-41.9M | ||
| Q2 24 | $17.6M | $-28.3M | ||
| Q1 24 | $13.7M | $-21.8M |
自由现金流率OSWRKLB
| Q4 25 | 6.2% | -63.6% | ||
| Q3 25 | 10.7% | -44.8% | ||
| Q2 25 | 7.3% | -38.3% | ||
| Q1 25 | 3.8% | -67.6% | ||
| Q4 24 | 6.1% | -18.1% | ||
| Q3 24 | 11.4% | -40.0% | ||
| Q2 24 | 7.8% | -26.7% | ||
| Q1 24 | 6.5% | -23.5% |
资本支出强度OSWRKLB
| Q4 25 | 2.1% | 27.6% | ||
| Q3 25 | 2.2% | 29.6% | ||
| Q2 25 | 1.1% | 22.2% | ||
| Q1 25 | 0.8% | 23.4% | ||
| Q4 24 | 1.5% | 16.3% | ||
| Q3 24 | 0.5% | 10.5% | ||
| Q2 24 | 0.5% | 14.4% | ||
| Q1 24 | 0.6% | 20.7% |
现金转化率OSWRKLB
| Q4 25 | 1.65× | — | ||
| Q3 25 | 1.36× | — | ||
| Q2 25 | 1.02× | — | ||
| Q1 25 | 0.66× | — | ||
| Q4 24 | 1.15× | — | ||
| Q3 24 | 1.33× | — | ||
| Q2 24 | 1.19× | — | ||
| Q1 24 | 0.71× | — |
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
OSW
| Services | $197.3M | 82% |
| Products | $44.8M | 18% |
RKLB
| Products | $94.0M | 52% |
| Transferred Over Time | $87.3M | 49% |
