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Pebblebrook Hotel Trust（PEB）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
Pebblebrook Hotel Trust的季度营收约是Rocket Lab Corp的1.9倍（$345.7M vs $179.7M），Pebblebrook Hotel Trust净利率更高（-5.3% vs -29.5%，领先24.1%），Rocket Lab Corp同比增速更快（35.7% vs 7.9%），Pebblebrook Hotel Trust自由现金流更多（$114.5M vs $-114.2M），过去两年Rocket Lab Corp的营收复合增速更高（39.2% vs -6.7%）
Pebblebrook Hotel Trust是一家公开上市的房地产投资信托，主要在美国核心城市及休闲目的地持有、运营并投资高端、奢华及精品酒店物业，服务商务与休闲旅客，聚焦高需求市场以推动长期价值增长。
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。
PEB vs RKLB — 直观对比
营收规模更大
PEB
是对方的1.9倍
$179.7M
营收增速更快
RKLB
高出27.8%
7.9%
净利率更高
PEB
高出24.1%
-29.5%
自由现金流更多
PEB
多$228.7M
$-114.2M
两年增速更快
RKLB
近两年复合增速
-6.7%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $345.7M | $179.7M |
| 净利润 | $-18.4M | $-52.9M |
| 毛利率 | — | 38.0% |
| 营业利润率 | 2.3% | -28.4% |
| 净利率 | -5.3% | -29.5% |
| 营收同比 | 7.9% | 35.7% |
| 净利润同比 | 31.8% | -1.1% |
| 每股收益（稀释后） | $-0.26 | $-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PEBRKLB
| Q1 26 | $345.7M | — | ||
| Q4 25 | $349.0M | $179.7M | ||
| Q3 25 | $398.7M | $155.1M | ||
| Q2 25 | $407.5M | $144.5M | ||
| Q1 25 | $320.3M | $122.6M | ||
| Q4 24 | $337.6M | $132.4M | ||
| Q3 24 | $404.5M | $104.8M | ||
| Q2 24 | $397.1M | $106.3M |
净利润PEBRKLB
| Q1 26 | $-18.4M | — | ||
| Q4 25 | $-17.9M | $-52.9M | ||
| Q3 25 | $-33.1M | $-18.3M | ||
| Q2 25 | $18.1M | $-66.4M | ||
| Q1 25 | $-32.9M | $-60.6M | ||
| Q4 24 | $-50.5M | $-52.3M | ||
| Q3 24 | $43.7M | $-51.9M | ||
| Q2 24 | $30.9M | $-41.6M |
毛利率PEBRKLB
| 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PEBRKLB
| Q1 26 | 2.3% | — | ||
| Q4 25 | 2.5% | -28.4% | ||
| Q3 25 | -2.6% | -38.0% | ||
| Q2 25 | 12.9% | -41.3% | ||
| Q1 25 | -2.3% | -48.3% | ||
| Q4 24 | -6.7% | -38.9% | ||
| Q3 24 | 11.6% | -49.5% | ||
| Q2 24 | 15.4% | -40.7% |
净利率PEBRKLB
| Q1 26 | -5.3% | — | ||
| Q4 25 | -5.1% | -29.5% | ||
| Q3 25 | -8.3% | -11.8% | ||
| Q2 25 | 4.4% | -46.0% | ||
| Q1 25 | -10.3% | -49.5% | ||
| Q4 24 | -15.0% | -39.5% | ||
| Q3 24 | 10.8% | -49.6% | ||
| Q2 24 | 7.8% | -39.2% |
每股收益（稀释后）PEBRKLB
| Q1 26 | $-0.26 | — | ||
| Q4 25 | $-0.22 | $-0.09 | ||
| Q3 25 | $-0.37 | $-0.03 | ||
| Q2 25 | $0.06 | $-0.13 | ||
| Q1 25 | $-0.37 | $-0.12 | ||
| Q4 24 | $-0.47 | $-0.11 | ||
| Q3 24 | $0.24 | $-0.10 | ||
| Q2 24 | $0.16 | $-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 | $196.2M | $1.0B |
| 总债务越低越好 | — | $152.4M |
| 股东权益账面价值 | $2.4B | $1.7B |
| 总资产 | $5.3B | $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PEBRKLB
| Q1 26 | $196.2M | — | ||
| Q4 25 | $184.2M | $1.0B | ||
| Q3 25 | $223.2M | $976.7M | ||
| Q2 25 | $256.1M | $688.1M | ||
| Q1 25 | $208.1M | $428.4M | ||
| Q4 24 | $206.7M | $419.0M | ||
| Q3 24 | $134.0M | $442.4M | ||
| Q2 24 | $101.7M | $496.8M |
总债务PEBRKLB
| Q1 26 | — | — | ||
| Q4 25 | $2.1B | $152.4M | ||
| Q3 25 | $2.2B | $347.0M | ||
| Q2 25 | $2.2B | $346.5M | ||
| Q1 25 | $2.2B | $345.9M | ||
| Q4 24 | $2.2B | $345.4M | ||
| Q3 24 | $2.2B | $61.2M | ||
| Q2 24 | $2.2B | $64.2M |
股东权益PEBRKLB
| Q1 26 | $2.4B | — | ||
| Q4 25 | $2.5B | $1.7B | ||
| Q3 25 | $2.5B | $1.3B | ||
| Q2 25 | $2.6B | $688.5M | ||
| Q1 25 | $2.6B | $431.3M | ||
| Q4 24 | $2.7B | $382.5M | ||
| Q3 24 | $2.8B | $419.8M | ||
| Q2 24 | $2.7B | $455.2M |
总资产PEBRKLB
| Q1 26 | $5.3B | — | ||
| Q4 25 | $5.3B | $2.3B | ||
| Q3 25 | $5.6B | $2.2B | ||
| Q2 25 | $5.7B | $1.6B | ||
| Q1 25 | $5.7B | $1.3B | ||
| Q4 24 | $5.7B | $1.2B | ||
| Q3 24 | $5.7B | $1.2B | ||
| Q2 24 | $5.7B | $1.2B |
负债/权益比PEBRKLB
| Q1 26 | — | — | ||
| Q4 25 | 0.86× | 0.09× | ||
| Q3 25 | 0.89× | 0.27× | ||
| Q2 25 | 0.85× | 0.50× | ||
| Q1 25 | 0.85× | 0.80× | ||
| Q4 24 | 0.83× | 0.90× | ||
| Q3 24 | 0.80× | 0.15× | ||
| Q2 24 | 0.80× | 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 | $114.5M | $-114.2M |
| 自由现金流率自由现金流/营收 | 33.1% | -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PEBRKLB
| Q1 26 | — | — | ||
| Q4 25 | $249.7M | $-64.5M | ||
| Q3 25 | $77.6M | $-23.5M | ||
| Q2 25 | $90.5M | $-23.2M | ||
| Q1 25 | $50.3M | $-54.2M | ||
| Q4 24 | $275.0M | $-2.4M | ||
| Q3 24 | $76.1M | $-30.9M | ||
| Q2 24 | $83.7M | $-13.0M |
自由现金流PEBRKLB
| Q1 26 | $114.5M | — | ||
| Q4 25 | $152.3M | $-114.2M | ||
| Q3 25 | $6.8M | $-69.4M | ||
| Q2 25 | — | $-55.3M | ||
| Q1 25 | — | $-82.9M | ||
| Q4 24 | $146.3M | $-23.9M | ||
| Q3 24 | $-24.8M | $-41.9M | ||
| Q2 24 | — | $-28.3M |
自由现金流率PEBRKLB
| Q1 26 | 33.1% | — | ||
| Q4 25 | 43.6% | -63.6% | ||
| Q3 25 | 1.7% | -44.8% | ||
| Q2 25 | — | -38.3% | ||
| Q1 25 | — | -67.6% | ||
| Q4 24 | 43.3% | -18.1% | ||
| Q3 24 | -6.1% | -40.0% | ||
| Q2 24 | — | -26.7% |
资本支出强度PEBRKLB
| Q1 26 | — | — | ||
| Q4 25 | 27.9% | 27.6% | ||
| Q3 25 | 17.7% | 29.6% | ||
| Q2 25 | — | 22.2% | ||
| Q1 25 | — | 23.4% | ||
| Q4 24 | 38.1% | 16.3% | ||
| Q3 24 | 24.9% | 10.5% | ||
| Q2 24 | — | 14.4% |
现金转化率PEBRKLB
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 5.01× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.74× | — | ||
| Q2 24 | 2.70× | — |
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
PEB
| Room | $214.5M | 62% |
| Food and beverage | $91.1M | 26% |
| Other | $40.0M | 12% |
RKLB
| Products | $94.0M | 52% |
| Transferred Over Time | $87.3M | 49% |
