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POTLATCHDELTIC CORP（PCH）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
POTLATCHDELTIC CORP的季度营收约是Rocket Lab Corp的1.7倍（$314.2M vs $179.7M），POTLATCHDELTIC CORP净利率更高（8.2% vs -29.5%，领先37.7%），Rocket Lab Corp同比增速更快（35.7% vs 23.1%），POTLATCHDELTIC CORP自由现金流更多（$50.1M vs $-114.2M），过去两年Rocket Lab Corp的营收复合增速更高（39.2% vs 11.1%）
PotlatchDeltic是一家总部位于美国华盛顿州斯波坎的多元化林产品企业，业务覆盖林木培育、木材加工及相关林制品的生产与供应，在林业资源管理和产品研发领域拥有成熟的运营体系，为建筑、家居等多个下游行业提供优质原材料与产品解决方案。
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。
PCH vs RKLB — 直观对比
营收规模更大
PCH
是对方的1.7倍
$179.7M
营收增速更快
RKLB
高出12.6%
23.1%
净利率更高
PCH
高出37.7%
-29.5%
自由现金流更多
PCH
多$164.3M
$-114.2M
两年增速更快
RKLB
近两年复合增速
11.1%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $314.2M | $179.7M |
| 净利润 | $25.9M | $-52.9M |
| 毛利率 | 18.2% | 38.0% |
| 营业利润率 | 11.2% | -28.4% |
| 净利率 | 8.2% | -29.5% |
| 营收同比 | 23.1% | 35.7% |
| 净利润同比 | 682.5% | -1.1% |
| 每股收益（稀释后） | $0.33 | $-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PCHRKLB
| Q4 25 | — | $179.7M | ||
| Q3 25 | $314.2M | $155.1M | ||
| Q2 25 | $275.0M | $144.5M | ||
| Q1 25 | $268.3M | $122.6M | ||
| Q4 24 | $258.1M | $132.4M | ||
| Q3 24 | $255.1M | $104.8M | ||
| Q2 24 | $320.7M | $106.3M | ||
| Q1 24 | $228.1M | $92.8M |
净利润PCHRKLB
| Q4 25 | — | $-52.9M | ||
| Q3 25 | $25.9M | $-18.3M | ||
| Q2 25 | $7.4M | $-66.4M | ||
| Q1 25 | $25.8M | $-60.6M | ||
| Q4 24 | $5.2M | $-52.3M | ||
| Q3 24 | $3.3M | $-51.9M | ||
| Q2 24 | $13.7M | $-41.6M | ||
| Q1 24 | $-305.0K | $-44.3M |
毛利率PCHRKLB
| Q4 25 | — | 38.0% | ||
| Q3 25 | 18.2% | 37.0% | ||
| Q2 25 | 13.0% | 32.1% | ||
| Q1 25 | 17.8% | 28.8% | ||
| Q4 24 | 13.4% | 27.8% | ||
| Q3 24 | 10.8% | 26.7% | ||
| Q2 24 | 11.9% | 25.6% | ||
| Q1 24 | 7.0% | 26.1% |
营业利润率PCHRKLB
| Q4 25 | — | -28.4% | ||
| Q3 25 | 11.2% | -38.0% | ||
| Q2 25 | 5.0% | -41.3% | ||
| Q1 25 | 10.3% | -48.3% | ||
| Q4 24 | 5.2% | -38.9% | ||
| Q3 24 | 2.8% | -49.5% | ||
| Q2 24 | 5.4% | -40.7% | ||
| Q1 24 | -2.1% | -46.4% |
净利率PCHRKLB
| Q4 25 | — | -29.5% | ||
| Q3 25 | 8.2% | -11.8% | ||
| Q2 25 | 2.7% | -46.0% | ||
| Q1 25 | 9.6% | -49.5% | ||
| Q4 24 | 2.0% | -39.5% | ||
| Q3 24 | 1.3% | -49.6% | ||
| Q2 24 | 4.3% | -39.2% | ||
| Q1 24 | -0.1% | -47.7% |
每股收益（稀释后）PCHRKLB
| Q4 25 | — | $-0.09 | ||
| Q3 25 | $0.33 | $-0.03 | ||
| Q2 25 | $0.09 | $-0.13 | ||
| Q1 25 | $0.33 | $-0.12 | ||
| Q4 24 | $0.07 | $-0.11 | ||
| Q3 24 | $0.04 | $-0.10 | ||
| Q2 24 | $0.17 | $-0.08 | ||
| Q1 24 | $0.00 | $-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 | $88.8M | $1.0B |
| 总债务越低越好 | — | $152.4M |
| 股东权益账面价值 | $1.9B | $1.7B |
| 总资产 | $3.2B | $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PCHRKLB
| Q4 25 | — | $1.0B | ||
| Q3 25 | $88.8M | $976.7M | ||
| Q2 25 | $95.3M | $688.1M | ||
| Q1 25 | $147.5M | $428.4M | ||
| Q4 24 | $151.6M | $419.0M | ||
| Q3 24 | $161.1M | $442.4M | ||
| Q2 24 | $199.7M | $496.8M | ||
| Q1 24 | $180.2M | $492.5M |
总债务PCHRKLB
| Q4 25 | — | $152.4M | ||
| Q3 25 | — | $347.0M | ||
| Q2 25 | — | $346.5M | ||
| Q1 25 | — | $345.9M | ||
| Q4 24 | $1.0B | $345.4M | ||
| Q3 24 | — | $61.2M | ||
| Q2 24 | — | $64.2M | ||
| Q1 24 | — | $66.8M |
股东权益PCHRKLB
| Q4 25 | — | $1.7B | ||
| Q3 25 | $1.9B | $1.3B | ||
| Q2 25 | $1.9B | $688.5M | ||
| Q1 25 | $2.0B | $431.3M | ||
| Q4 24 | $2.0B | $382.5M | ||
| Q3 24 | $2.1B | $419.8M | ||
| Q2 24 | $2.1B | $455.2M | ||
| Q1 24 | $2.2B | $478.9M |
总资产PCHRKLB
| Q4 25 | — | $2.3B | ||
| Q3 25 | $3.2B | $2.2B | ||
| Q2 25 | $3.2B | $1.6B | ||
| Q1 25 | $3.3B | $1.3B | ||
| Q4 24 | $3.3B | $1.2B | ||
| Q3 24 | $3.3B | $1.2B | ||
| Q2 24 | $3.4B | $1.2B | ||
| Q1 24 | $3.4B | $1.2B |
负债/权益比PCHRKLB
| Q4 25 | — | 0.09× | ||
| Q3 25 | — | 0.27× | ||
| Q2 25 | — | 0.50× | ||
| Q1 25 | — | 0.80× | ||
| Q4 24 | 0.51× | 0.90× | ||
| Q3 24 | — | 0.15× | ||
| Q2 24 | — | 0.14× | ||
| Q1 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 | $65.7M | $-64.5M |
| 自由现金流经营现金流 - 资本支出 | $50.1M | $-114.2M |
| 自由现金流率自由现金流/营收 | 15.9% | -63.6% |
| 资本支出强度资本支出/营收 | 4.9% | 27.6% |
| 现金转化率经营现金流/净利润 | 2.54× | — |
| 过去12个月自由现金流最近4个季度 | $132.4M | $-321.8M |
8季度趋势，按日历期对齐
经营现金流PCHRKLB
| Q4 25 | — | $-64.5M | ||
| Q3 25 | $65.7M | $-23.5M | ||
| Q2 25 | $41.0M | $-23.2M | ||
| Q1 25 | $49.1M | $-54.2M | ||
| Q4 24 | $45.4M | $-2.4M | ||
| Q3 24 | $26.5M | $-30.9M | ||
| Q2 24 | $100.6M | $-13.0M | ||
| Q1 24 | $16.0M | $-2.6M |
自由现金流PCHRKLB
| Q4 25 | — | $-114.2M | ||
| Q3 25 | $50.1M | $-69.4M | ||
| Q2 25 | $30.6M | $-55.3M | ||
| Q1 25 | $26.3M | $-82.9M | ||
| Q4 24 | $25.4M | $-23.9M | ||
| Q3 24 | $-8.2M | $-41.9M | ||
| Q2 24 | $72.4M | $-28.3M | ||
| Q1 24 | $2.0M | $-21.8M |
自由现金流率PCHRKLB
| Q4 25 | — | -63.6% | ||
| Q3 25 | 15.9% | -44.8% | ||
| Q2 25 | 11.1% | -38.3% | ||
| Q1 25 | 9.8% | -67.6% | ||
| Q4 24 | 9.9% | -18.1% | ||
| Q3 24 | -3.2% | -40.0% | ||
| Q2 24 | 22.6% | -26.7% | ||
| Q1 24 | 0.9% | -23.5% |
资本支出强度PCHRKLB
| Q4 25 | — | 27.6% | ||
| Q3 25 | 4.9% | 29.6% | ||
| Q2 25 | 3.8% | 22.2% | ||
| Q1 25 | 8.5% | 23.4% | ||
| Q4 24 | 7.7% | 16.3% | ||
| Q3 24 | 13.6% | 10.5% | ||
| Q2 24 | 8.8% | 14.4% | ||
| Q1 24 | 6.1% | 20.7% |
现金转化率PCHRKLB
| Q4 25 | — | — | ||
| Q3 25 | 2.54× | — | ||
| Q2 25 | 5.58× | — | ||
| Q1 25 | 1.90× | — | ||
| Q4 24 | 8.74× | — | ||
| Q3 24 | 7.99× | — | ||
| Q2 24 | 7.35× | — | ||
| Q1 24 | — | — |
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
PCH
| Lumber | $131.8M | 42% |
| Timberlands | $52.5M | 17% |
| Rural Real Estate | $51.3M | 16% |
| Residuals And Panels | $34.0M | 11% |
| Pulpwood | $16.7M | 5% |
| Development Real Estate | $14.6M | 5% |
| Other | $8.1M | 3% |
| Other Products | $5.2M | 2% |
RKLB
| Products | $94.0M | 52% |
| Transferred Over Time | $87.3M | 49% |
