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RADIAN GROUP INC（RDN）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
RADIAN GROUP INC的季度营收约是Rocket Lab Corp的1.7倍（$300.5M vs $179.7M），RADIAN GROUP INC净利率更高（51.5% vs -29.5%，领先81.0%），Rocket Lab Corp同比增速更快（35.7% vs 2.7%），RADIAN GROUP INC自由现金流更多（$115.7M vs $-114.2M），过去两年Rocket Lab Corp的营收复合增速更高（39.2% vs -0.2%）
瑞迪安集团（Radian Group Inc.）是一家专业的 mortgage 保险公司，业务涵盖抵押贷款保险、风险管控、房地产服务及产权服务等多个板块，为住房金融市场提供完善的配套服务支持，助力行业降低信贷相关风险。
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。
RDN vs RKLB — 直观对比
营收规模更大
RDN
是对方的1.7倍
$179.7M
营收增速更快
RKLB
高出33.0%
2.7%
净利率更高
RDN
高出81.0%
-29.5%
自由现金流更多
RDN
多$229.8M
$-114.2M
两年增速更快
RKLB
近两年复合增速
-0.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $300.5M | $179.7M |
| 净利润 | $154.8M | $-52.9M |
| 毛利率 | — | 38.0% |
| 营业利润率 | 76.2% | -28.4% |
| 净利率 | 51.5% | -29.5% |
| 营收同比 | 2.7% | 35.7% |
| 净利润同比 | 4.4% | -1.1% |
| 每股收益（稀释后） | $1.11 | $-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RDNRKLB
| Q4 25 | $300.5M | $179.7M | ||
| Q3 25 | $303.2M | $155.1M | ||
| Q2 25 | $298.6M | $144.5M | ||
| Q1 25 | $294.8M | $122.6M | ||
| Q4 24 | $292.7M | $132.4M | ||
| Q3 24 | $313.4M | $104.8M | ||
| Q2 24 | $298.6M | $106.3M | ||
| Q1 24 | $301.7M | $92.8M |
净利润RDNRKLB
| Q4 25 | $154.8M | $-52.9M | ||
| Q3 25 | $141.4M | $-18.3M | ||
| Q2 25 | $141.8M | $-66.4M | ||
| Q1 25 | $144.6M | $-60.6M | ||
| Q4 24 | $148.3M | $-52.3M | ||
| Q3 24 | $151.9M | $-51.9M | ||
| Q2 24 | $151.9M | $-41.6M | ||
| Q1 24 | $152.4M | $-44.3M |
毛利率RDNRKLB
| Q4 25 | — | 38.0% | ||
| Q3 25 | — | 37.0% | ||
| Q2 25 | 97.2% | 32.1% | ||
| Q1 25 | 97.0% | 28.8% | ||
| Q4 24 | 96.6% | 27.8% | ||
| Q3 24 | 97.0% | 26.7% | ||
| Q2 24 | 96.8% | 25.6% | ||
| Q1 24 | 96.9% | 26.1% |
营业利润率RDNRKLB
| Q4 25 | 76.2% | -28.4% | ||
| Q3 25 | 65.5% | -38.0% | ||
| Q2 25 | 58.6% | -41.3% | ||
| Q1 25 | 63.9% | -48.3% | ||
| Q4 24 | 83.6% | -38.9% | ||
| Q3 24 | 68.4% | -49.5% | ||
| Q2 24 | 63.0% | -40.7% | ||
| Q1 24 | 65.8% | -46.4% |
净利率RDNRKLB
| Q4 25 | 51.5% | -29.5% | ||
| Q3 25 | 46.7% | -11.8% | ||
| Q2 25 | 47.5% | -46.0% | ||
| Q1 25 | 49.0% | -49.5% | ||
| Q4 24 | 50.7% | -39.5% | ||
| Q3 24 | 48.5% | -49.6% | ||
| Q2 24 | 50.9% | -39.2% | ||
| Q1 24 | 50.5% | -47.7% |
每股收益（稀释后）RDNRKLB
| Q4 25 | $1.11 | $-0.09 | ||
| Q3 25 | $1.03 | $-0.03 | ||
| Q2 25 | $1.02 | $-0.13 | ||
| Q1 25 | $0.98 | $-0.12 | ||
| Q4 24 | $0.97 | $-0.11 | ||
| Q3 24 | $0.99 | $-0.10 | ||
| Q2 24 | $0.98 | $-0.08 | ||
| Q1 24 | $0.98 | $-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 | $24.8M | $1.0B |
| 总债务越低越好 | — | $152.4M |
| 股东权益账面价值 | $4.8B | $1.7B |
| 总资产 | $8.1B | $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RDNRKLB
| Q4 25 | $24.8M | $1.0B | ||
| Q3 25 | $15.3M | $976.7M | ||
| Q2 25 | $22.1M | $688.1M | ||
| Q1 25 | $24.2M | $428.4M | ||
| Q4 24 | $19.2M | $419.0M | ||
| Q3 24 | $28.1M | $442.4M | ||
| Q2 24 | $13.8M | $496.8M | ||
| Q1 24 | $27.0M | $492.5M |
总债务RDNRKLB
| Q4 25 | — | $152.4M | ||
| Q3 25 | — | $347.0M | ||
| Q2 25 | — | $346.5M | ||
| Q1 25 | — | $345.9M | ||
| Q4 24 | — | $345.4M | ||
| Q3 24 | — | $61.2M | ||
| Q2 24 | — | $64.2M | ||
| Q1 24 | — | $66.8M |
股东权益RDNRKLB
| Q4 25 | $4.8B | $1.7B | ||
| Q3 25 | $4.7B | $1.3B | ||
| Q2 25 | $4.5B | $688.5M | ||
| Q1 25 | $4.6B | $431.3M | ||
| Q4 24 | $4.6B | $382.5M | ||
| Q3 24 | $4.7B | $419.8M | ||
| Q2 24 | $4.5B | $455.2M | ||
| Q1 24 | $4.4B | $478.9M |
总资产RDNRKLB
| Q4 25 | $8.1B | $2.3B | ||
| Q3 25 | $8.2B | $2.2B | ||
| Q2 25 | $9.6B | $1.6B | ||
| Q1 25 | $8.8B | $1.3B | ||
| Q4 24 | $8.7B | $1.2B | ||
| Q3 24 | $8.4B | $1.2B | ||
| Q2 24 | $8.1B | $1.2B | ||
| Q1 24 | $7.8B | $1.2B |
负债/权益比RDNRKLB
| Q4 25 | — | 0.09× | ||
| Q3 25 | — | 0.27× | ||
| Q2 25 | — | 0.50× | ||
| Q1 25 | — | 0.80× | ||
| Q4 24 | — | 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 | $119.9M | $-64.5M |
| 自由现金流经营现金流 - 资本支出 | $115.7M | $-114.2M |
| 自由现金流率自由现金流/营收 | 38.5% | -63.6% |
| 资本支出强度资本支出/营收 | 1.4% | 27.6% |
| 现金转化率经营现金流/净利润 | 0.77× | — |
| 过去12个月自由现金流最近4个季度 | $-174.8M | $-321.8M |
8季度趋势，按日历期对齐
经营现金流RDNRKLB
| Q4 25 | $119.9M | $-64.5M | ||
| Q3 25 | $358.4M | $-23.5M | ||
| Q2 25 | $-713.3M | $-23.2M | ||
| Q1 25 | $67.8M | $-54.2M | ||
| Q4 24 | $-663.6M | $-2.4M | ||
| Q3 24 | $-237.9M | $-30.9M | ||
| Q2 24 | $-207.3M | $-13.0M | ||
| Q1 24 | $51.0M | $-2.6M |
自由现金流RDNRKLB
| Q4 25 | $115.7M | $-114.2M | ||
| Q3 25 | $357.6M | $-69.4M | ||
| Q2 25 | $-714.6M | $-55.3M | ||
| Q1 25 | $66.6M | $-82.9M | ||
| Q4 24 | $-665.1M | $-23.9M | ||
| Q3 24 | $-239.2M | $-41.9M | ||
| Q2 24 | $-208.3M | $-28.3M | ||
| Q1 24 | $49.5M | $-21.8M |
自由现金流率RDNRKLB
| Q4 25 | 38.5% | -63.6% | ||
| Q3 25 | 117.9% | -44.8% | ||
| Q2 25 | -239.4% | -38.3% | ||
| Q1 25 | 22.6% | -67.6% | ||
| Q4 24 | -227.3% | -18.1% | ||
| Q3 24 | -76.3% | -40.0% | ||
| Q2 24 | -69.8% | -26.7% | ||
| Q1 24 | 16.4% | -23.5% |
资本支出强度RDNRKLB
| Q4 25 | 1.4% | 27.6% | ||
| Q3 25 | 0.3% | 29.6% | ||
| Q2 25 | 0.4% | 22.2% | ||
| Q1 25 | 0.4% | 23.4% | ||
| Q4 24 | 0.5% | 16.3% | ||
| Q3 24 | 0.4% | 10.5% | ||
| Q2 24 | 0.4% | 14.4% | ||
| Q1 24 | 0.5% | 20.7% |
现金转化率RDNRKLB
| Q4 25 | 0.77× | — | ||
| Q3 25 | 2.53× | — | ||
| Q2 25 | -5.03× | — | ||
| Q1 25 | 0.47× | — | ||
| Q4 24 | -4.47× | — | ||
| Q3 24 | -1.57× | — | ||
| Q2 24 | -1.36× | — | ||
| Q1 24 | 0.34× | — |
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
RDN
暂无分部数据
RKLB
| Products | $94.0M | 52% |
| Transferred Over Time | $87.3M | 49% |
