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REX AMERICAN RESOURCES Corp（REX）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
Rocket Lab Corp的季度营收约是REX AMERICAN RESOURCES Corp的1.0倍（$179.7M vs $175.6M），REX AMERICAN RESOURCES Corp净利率更高（15.6% vs -29.5%，领先45.1%），Rocket Lab Corp同比增速更快（35.7% vs 0.4%），REX AMERICAN RESOURCES Corp自由现金流更多（$24.5M vs $-114.2M），过去两年Rocket Lab Corp的营收复合增速更高（39.2% vs -3.2%）
REX美国资源公司是一家美国能源企业，1980年成立，总部位于俄亥俄州代顿市。公司主营乙醇、酒糟与天然气的生产及零售，同时也对能源相关企业进行投资控股。目前全资拥有三家关联企业，截至2012年，公司旗下拥有22家全国性零售门店，并参股了五个乙醇生产项目。
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。
REX vs RKLB — 直观对比
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $175.6M | $179.7M |
| 净利润 | $27.5M | $-52.9M |
| 毛利率 | 20.6% | 38.0% |
| 营业利润率 | 20.2% | -28.4% |
| 净利率 | 15.6% | -29.5% |
| 营收同比 | 0.4% | 35.7% |
| 净利润同比 | -8.7% | -1.1% |
| 每股收益（稀释后） | $0.71 | $-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
| Q4 25 | $175.6M | $179.7M | ||
| Q3 25 | $158.6M | $155.1M | ||
| Q2 25 | $158.3M | $144.5M | ||
| Q1 25 | $158.2M | $122.6M | ||
| Q4 24 | $174.9M | $132.4M | ||
| Q3 24 | $148.2M | $104.8M | ||
| Q2 24 | $161.2M | $106.3M | ||
| Q1 24 | $187.6M | $92.8M |
| Q4 25 | $27.5M | $-52.9M | ||
| Q3 25 | $9.3M | $-18.3M | ||
| Q2 25 | $10.7M | $-66.4M | ||
| Q1 25 | $14.1M | $-60.6M | ||
| Q4 24 | $30.1M | $-52.3M | ||
| Q3 24 | $15.0M | $-51.9M | ||
| Q2 24 | $12.3M | $-41.6M | ||
| Q1 24 | $25.3M | $-44.3M |
| Q4 25 | 20.6% | 38.0% | ||
| Q3 25 | 9.0% | 37.0% | ||
| Q2 25 | 9.1% | 32.1% | ||
| Q1 25 | 11.1% | 28.8% | ||
| Q4 24 | 22.7% | 27.8% | ||
| Q3 24 | 13.3% | 26.7% | ||
| Q2 24 | 9.0% | 25.6% | ||
| Q1 24 | 16.2% | 26.1% |
| Q4 25 | 20.2% | -28.4% | ||
| Q3 25 | — | -38.0% | ||
| Q2 25 | — | -41.3% | ||
| Q1 25 | 11.3% | -48.3% | ||
| Q4 24 | 22.6% | -38.9% | ||
| Q3 24 | 13.2% | -49.5% | ||
| Q2 24 | 9.9% | -40.7% | ||
| Q1 24 | 17.3% | -46.4% |
| Q4 25 | 15.6% | -29.5% | ||
| Q3 25 | 5.9% | -11.8% | ||
| Q2 25 | 6.7% | -46.0% | ||
| Q1 25 | 8.9% | -49.5% | ||
| Q4 24 | 17.2% | -39.5% | ||
| Q3 24 | 10.1% | -49.6% | ||
| Q2 24 | 7.6% | -39.2% | ||
| Q1 24 | 13.5% | -47.7% |
| Q4 25 | $0.71 | $-0.09 | ||
| Q3 25 | $0.43 | $-0.03 | ||
| Q2 25 | $0.51 | $-0.13 | ||
| Q1 25 | $-0.32 | $-0.12 | ||
| Q4 24 | $0.69 | $-0.11 | ||
| Q3 24 | $0.70 | $-0.10 | ||
| Q2 24 | $0.58 | $-0.08 | ||
| Q1 24 | $-0.58 | $-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 | $335.5M | $1.0B |
| 总债务越低越好 | — | $152.4M |
| 股东权益账面价值 | $566.9M | $1.7B |
| 总资产 | $750.1M | $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
| Q4 25 | $335.5M | $1.0B | ||
| Q3 25 | $310.5M | $976.7M | ||
| Q2 25 | $315.9M | $688.1M | ||
| Q1 25 | $359.1M | $428.4M | ||
| Q4 24 | $365.1M | $419.0M | ||
| Q3 24 | $346.0M | $442.4M | ||
| Q2 24 | $351.8M | $496.8M | ||
| Q1 24 | $378.7M | $492.5M |
| 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 |
| Q4 25 | $566.9M | $1.7B | ||
| Q3 25 | $545.8M | $1.3B | ||
| Q2 25 | $536.4M | $688.5M | ||
| Q1 25 | $560.3M | $431.3M | ||
| Q4 24 | $564.5M | $382.5M | ||
| Q3 24 | $539.6M | $419.8M | ||
| Q2 24 | $524.5M | $455.2M | ||
| Q1 24 | $513.9M | $478.9M |
| Q4 25 | $750.1M | $2.3B | ||
| Q3 25 | $700.6M | $2.2B | ||
| Q2 25 | $693.8M | $1.6B | ||
| Q1 25 | $720.0M | $1.3B | ||
| Q4 24 | $715.7M | $1.2B | ||
| Q3 24 | $680.0M | $1.2B | ||
| Q2 24 | $671.0M | $1.2B | ||
| Q1 24 | $664.8M | $1.2B |
| 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 | $51.2M | $-64.5M |
| 自由现金流经营现金流 - 资本支出 | $24.5M | $-114.2M |
| 自由现金流率自由现金流/营收 | 14.0% | -63.6% |
| 资本支出强度资本支出/营收 | 15.2% | 27.6% |
| 现金转化率经营现金流/净利润 | 1.87× | — |
| 过去12个月自由现金流最近4个季度 | $17.6M | $-321.8M |
8季度趋势，按日历期对齐
| Q4 25 | $51.2M | $-64.5M | ||
| Q3 25 | $16.3M | $-23.5M | ||
| Q2 25 | $-3.5M | $-23.2M | ||
| Q1 25 | $25.1M | $-54.2M | ||
| Q4 24 | $33.4M | $-2.4M | ||
| Q3 24 | $8.0M | $-30.9M | ||
| Q2 24 | $-2.3M | $-13.0M | ||
| Q1 24 | $62.5M | $-2.6M |
| Q4 25 | $24.5M | $-114.2M | ||
| Q3 25 | $-5.7M | $-69.4M | ||
| Q2 25 | $-10.4M | $-55.3M | ||
| Q1 25 | $9.2M | $-82.9M | ||
| Q4 24 | $18.2M | $-23.9M | ||
| Q3 24 | $-7.4M | $-41.9M | ||
| Q2 24 | $-27.1M | $-28.3M | ||
| Q1 24 | $47.2M | $-21.8M |
| Q4 25 | 14.0% | -63.6% | ||
| Q3 25 | -3.6% | -44.8% | ||
| Q2 25 | -6.6% | -38.3% | ||
| Q1 25 | 5.8% | -67.6% | ||
| Q4 24 | 10.4% | -18.1% | ||
| Q3 24 | -5.0% | -40.0% | ||
| Q2 24 | -16.8% | -26.7% | ||
| Q1 24 | 25.2% | -23.5% |
| Q4 25 | 15.2% | 27.6% | ||
| Q3 25 | 13.9% | 29.6% | ||
| Q2 25 | 4.4% | 22.2% | ||
| Q1 25 | 10.0% | 23.4% | ||
| Q4 24 | 8.7% | 16.3% | ||
| Q3 24 | 10.4% | 10.5% | ||
| Q2 24 | 15.4% | 14.4% | ||
| Q1 24 | 8.2% | 20.7% |
| Q4 25 | 1.87× | — | ||
| Q3 25 | 1.75× | — | ||
| Q2 25 | -0.33× | — | ||
| Q1 25 | 1.78× | — | ||
| Q4 24 | 1.11× | — | ||
| Q3 24 | 0.53× | — | ||
| Q2 24 | -0.18× | — | ||
| Q1 24 | 2.47× | — |
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
REX
| Ethanol | $136.0M | 77% |
| Dried Distillers Grains | $22.4M | 13% |
| Distillers Corn Oil | $16.4M | 9% |
| Modified Distillers Grains | $1.2M | 1% |
RKLB
| Products | $94.0M | 52% |
| Transferred Over Time | $87.3M | 49% |
