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北极星（PII）与Rocket Companies, Inc.（RKT）财务数据对比。点击上方公司名可切换其他公司
Rocket Companies, Inc.的季度营收约是北极星的1.6倍（$2.7B vs $1.7B），Rocket Companies, Inc.净利率更高（2.5% vs -2.8%，领先5.4%），Rocket Companies, Inc.同比增速更快（52.2% vs 8.0%），北极星自由现金流更多（$-342.5M vs $-1.3B），过去两年Rocket Companies, Inc.的营收复合增速更高（39.5% vs -8.0%）
北极星公司（Polaris Inc.）是总部位于美国明尼苏达州麦地那的机动车制造企业，创立于明尼苏达州罗索，当地目前仍保留其工程研发与生产设施。公司曾通过胜利摩托子公司生产摩托车，2011年收购印第安摩托品牌后转由该子公司运营摩托业务，此前还曾生产私人水上摩托艇产品。
Rocket Companies, Inc.是美国金融科技及住房服务企业，由丹·吉尔伯特创立，总部位于密歇根州底特律市中心。公司依托旗舰子公司Rocket Mortgage跻身美国最大抵押贷款提供商行列，旗下还拥有Redfin、Forsalebyowner.com、Rocket Money等子品牌。
PII vs RKT — 直观对比
营收规模更大
RKT
是对方的1.6倍
$1.7B
营收增速更快
RKT
高出44.2%
8.0%
净利率更高
RKT
高出5.4%
-2.8%
自由现金流更多
PII
多$927.1M
$-1.3B
两年增速更快
RKT
近两年复合增速
-8.0%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.7B | $2.7B |
| 净利润 | $-47.2M | $68.0M |
| 毛利率 | 20.2% | — |
| 营业利润率 | 76.5% | 6.3% |
| 净利率 | -2.8% | 2.5% |
| 营收同比 | 8.0% | 52.2% |
| 净利润同比 | 29.0% | 100.8% |
| 每股收益（稀释后） | $-0.83 | $0.10 |
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PIIRKT
| Q1 26 | $1.7B | — | ||
| Q4 25 | $1.9B | $2.7B | ||
| Q3 25 | $1.8B | $1.6B | ||
| Q2 25 | $1.9B | $1.4B | ||
| Q1 25 | $1.5B | $1.0B | ||
| Q4 24 | $1.8B | $1.8B | ||
| Q3 24 | $1.7B | $646.9M | ||
| Q2 24 | $2.0B | $1.3B |
净利润PIIRKT
| Q1 26 | $-47.2M | — | ||
| Q4 25 | $-303.6M | $68.0M | ||
| Q3 25 | $-15.8M | $-123.9M | ||
| Q2 25 | $-79.3M | $-1.8M | ||
| Q1 25 | $-66.8M | $-10.4M | ||
| Q4 24 | $10.6M | $33.9M | ||
| Q3 24 | $27.7M | $-22.0M | ||
| Q2 24 | $68.7M | $1.3M |
毛利率PIIRKT
| Q1 26 | 20.2% | — | ||
| Q4 25 | 20.0% | — | ||
| Q3 25 | 20.7% | — | ||
| Q2 25 | 19.4% | — | ||
| Q1 25 | 16.0% | — | ||
| Q4 24 | 20.4% | 58.9% | ||
| Q3 24 | 20.6% | -8.4% | ||
| Q2 24 | 21.6% | 47.4% |
营业利润率PIIRKT
| Q1 26 | 76.5% | — | ||
| Q4 25 | -16.7% | 6.3% | ||
| Q3 25 | 1.1% | -11.5% | ||
| Q2 25 | -0.7% | 1.8% | ||
| Q1 25 | -2.4% | -21.5% | ||
| Q4 24 | 3.7% | 38.1% | ||
| Q3 24 | 3.8% | -76.9% | ||
| Q2 24 | 6.1% | 14.8% |
净利率PIIRKT
| Q1 26 | -2.8% | — | ||
| Q4 25 | -15.8% | 2.5% | ||
| Q3 25 | -0.9% | -7.7% | ||
| Q2 25 | -4.3% | -0.1% | ||
| Q1 25 | -4.3% | -1.0% | ||
| Q4 24 | 0.6% | 1.9% | ||
| Q3 24 | 1.6% | -3.4% | ||
| Q2 24 | 3.5% | 0.1% |
每股收益（稀释后）PIIRKT
| Q1 26 | $-0.83 | — | ||
| Q4 25 | $-5.34 | $0.10 | ||
| Q3 25 | $-0.28 | $-0.06 | ||
| Q2 25 | $-1.39 | $-0.01 | ||
| Q1 25 | $-1.17 | $-0.08 | ||
| Q4 24 | $0.18 | $0.28 | ||
| Q3 24 | $0.49 | $-0.19 | ||
| Q2 24 | $1.21 | $0.01 |
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 | $282.0M | $2.7B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $750.4M | $22.9B |
| 总资产 | $5.2B | $60.7B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资PIIRKT
| Q1 26 | $282.0M | — | ||
| Q4 25 | $138.0M | $2.7B | ||
| Q3 25 | $335.5M | $5.8B | ||
| Q2 25 | $324.3M | $5.1B | ||
| Q1 25 | $291.7M | $1.4B | ||
| Q4 24 | $287.8M | $1.3B | ||
| Q3 24 | $291.3M | $1.2B | ||
| Q2 24 | $322.7M | $1.3B |
总债务PIIRKT
| Q1 26 | — | — | ||
| Q4 25 | $1.5B | — | ||
| Q3 25 | $1.3B | — | ||
| Q2 25 | $1.4B | — | ||
| Q1 25 | $1.6B | — | ||
| Q4 24 | $1.6B | — | ||
| Q3 24 | $1.7B | — | ||
| Q2 24 | $2.1B | — |
股东权益PIIRKT
| Q1 26 | $750.4M | — | ||
| Q4 25 | $828.4M | $22.9B | ||
| Q3 25 | $1.1B | $8.9B | ||
| Q2 25 | $1.2B | $7.4B | ||
| Q1 25 | $1.2B | $8.6B | ||
| Q4 24 | $1.3B | $9.0B | ||
| Q3 24 | $1.3B | $8.4B | ||
| Q2 24 | $1.3B | $8.8B |
总资产PIIRKT
| Q1 26 | $5.2B | — | ||
| Q4 25 | $4.9B | $60.7B | ||
| Q3 25 | $5.3B | $33.6B | ||
| Q2 25 | $5.4B | $30.4B | ||
| Q1 25 | $5.5B | $25.3B | ||
| Q4 24 | $5.5B | $24.5B | ||
| Q3 24 | $5.6B | $25.1B | ||
| Q2 24 | $5.7B | $23.6B |
负债/权益比PIIRKT
| Q1 26 | — | — | ||
| Q4 25 | 1.82× | — | ||
| Q3 25 | 1.13× | — | ||
| Q2 25 | 1.17× | — | ||
| Q1 25 | 1.32× | — | ||
| Q4 24 | 1.27× | — | ||
| Q3 24 | 1.29× | — | ||
| Q2 24 | 1.56× | — |
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 | — | $-1.2B |
| 自由现金流经营现金流 - 资本支出 | $-342.5M | $-1.3B |
| 自由现金流率自由现金流/营收 | -20.6% | -47.2% |
| 资本支出强度资本支出/营收 | — | 1.5% |
| 现金转化率经营现金流/净利润 | — | -18.08× |
| 过去12个月自由现金流最近4个季度 | $168.0M | $-4.0B |
8季度趋势，按日历期对齐
经营现金流PIIRKT
| Q1 26 | — | — | ||
| Q4 25 | $178.7M | $-1.2B | ||
| Q3 25 | $158.8M | $-50.3M | ||
| Q2 25 | $320.3M | $-1.9B | ||
| Q1 25 | $83.2M | $-797.0M | ||
| Q4 24 | $206.3M | $1.8B | ||
| Q3 24 | $21.0M | $-1.3B | ||
| Q2 24 | $146.3M | $-122.3M |
自由现金流PIIRKT
| Q1 26 | $-342.5M | — | ||
| Q4 25 | $114.0M | $-1.3B | ||
| Q3 25 | $116.7M | $-71.8M | ||
| Q2 25 | $279.8M | $-1.9B | ||
| Q1 25 | $47.6M | $-811.0M | ||
| Q4 24 | $137.3M | $1.8B | ||
| Q3 24 | $-32.4M | $-1.4B | ||
| Q2 24 | $79.1M | $-138.3M |
自由现金流率PIIRKT
| Q1 26 | -20.6% | — | ||
| Q4 25 | 5.9% | -47.2% | ||
| Q3 25 | 6.3% | -4.5% | ||
| Q2 25 | 15.1% | -137.2% | ||
| Q1 25 | 3.1% | -78.2% | ||
| Q4 24 | 7.8% | 103.1% | ||
| Q3 24 | -1.9% | -209.6% | ||
| Q2 24 | 4.0% | -10.6% |
资本支出强度PIIRKT
| Q1 26 | — | — | ||
| Q4 25 | 3.4% | 1.5% | ||
| Q3 25 | 2.3% | 1.3% | ||
| Q2 25 | 2.2% | 1.1% | ||
| Q1 25 | 2.3% | 1.4% | ||
| Q4 24 | 3.9% | 1.1% | ||
| Q3 24 | 3.1% | 2.9% | ||
| Q2 24 | 3.4% | 1.2% |
现金转化率PIIRKT
| Q1 26 | — | — | ||
| Q4 25 | — | -18.08× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 19.46× | 54.42× | ||
| Q3 24 | 0.76× | — | ||
| Q2 24 | 2.13× | -94.46× |
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
PII
暂无分部数据
RKT
| Other | $1.4B | 51% |
| Direct To Customer Segment | $945.8M | 35% |
| Partner Network Segment | $216.7M | 8% |
| Subscription Revenue | $91.3M | 3% |
| Closing Fees | $47.1M | 2% |
| Appraisal Revenue | $10.7M | 0% |
