Rocket Lab Corporation (RKLB)财务
NASDAQ · Industrials · Aerospace & Defense · 员工2,600人 · CEO Sir Peter Beck
- 股价
- $54.73 -7.39%
- 市值
- $328亿
- 企业价值
- $308亿
- 最近财报
- Q2 '26 2026-08-10提交
- 下次财报
- 2026-11-09 EPS预期 -$0.07
营收(TTM)$7.69亿+52.5% 对比去年同期最近4个季度;柱状图=各季度
营业利润率(TTM)-29.1%+15.0 百分点 对比去年同期营业利润 -$2.23亿
净利润(TTM)-$1.65亿+28.5% 对比去年同期税后,含营业外收益
自由现金流(TTM)-$3.71亿-81.9% 对比去年同期资本支出 $1.49亿
稀释EPS(TTM)-$0.28+38.5% 对比去年同期最近4个季度之和
净现金$21.7亿+1,041.3% 对比去年同期现金 + 短期投资 - 债务
估值与关键数据
- 市值
- $328亿 EV $308亿
- 营收
- $7.69亿 过去12个月
- 营收增速
- +59% FY2026年一致预期
- 净利润率
- -21.5% 净利润 / 营收,TTM
- P/E
- -197.7× 预期 -191.4×(FY2026)
- P/S
- 42.6× 股价 / 营收,TTM
- EV / EBITDA
- -252.1× TTM
- 自由现金流
- -$3.71亿 过去12个月
- 净利润
- -$1.65亿 过去12个月
- 营收预期
- $9.59亿 FY2026年一致预期
- 盈利
- 2026-11-09 营收预期 $2.57亿
- 股息
- – 无股息
核心要点
根据披露数据计算,每条结论都附有其依据的数字。
- 最近财报(2026-08-10):营收超预期1.1%,EPS 低于预期37.2%营收$2.34亿,预期$2.32亿(+1.1%);EPS -$0.08,预期-$0.06(-37.2%)。
- 营收增长加速:同比62.0%Q2 '26营收$2.34亿,此前四个季度的平均值为45.8%。
- 营业利润率-29.1%(TTM),较去年同期+15.0 百分点营收增长52.5%,营业利润增长-0.5%。
- 资本支出占营收的19.3%(去年为18.5%)最近4个季度投入$1.49亿(同比+59.4%)。自由现金流-$3.71亿。
- 稀释股数一年内增加22.2%Q2 '26稀释股数6.3亿,一年前为5.15亿。
- 净现金 $21.7亿现金 + 短期投资 $23亿,含租赁债务 $1.34亿;一年前净现金 $1.9亿。
上一季度:Q2 '26
截至2026-06-30的季度。与去年同期及财报发布前的分析师一致预期对比。
本季度与去年同期
| Q2 '26 | 去年同期 | 变化 | |
|---|---|---|---|
| 营收 | $2.34亿 | $1.44亿 | +62.0% |
| 毛利率 | 36.1% | 32.1% | +4.0 百分点 |
| 营业利润 | -$5750万 | -$5960万 | +3.6% |
| 营业利润率 | -24.6% | -41.3% | +16.7 百分点 |
| 净利润 | -$4930万 | -$6640万 | +25.8% |
| 稀释EPS | -$0.08 | -$0.13 | +38.5% |
| 经营现金流 | -$8410万 | -$2320万 | -261.7% |
| 资本支出 | $2600万 | $3200万 | -18.7% |
| 自由现金流 | -$1.1亿 | -$5530万 | -99.2% |
| R&D | $8240万 | $6610万 | +24.6% |
| 股权激励费用 | $1960万 | $1790万 | +9.1% |
实际 vs 一致预期
2026-08-10| 实际 | 一致预期 | 对比预期 | |
|---|---|---|---|
| 营收 | $2.34亿 | $2.32亿 | +1.1% |
| EPS(一致预期口径) | -$0.08 | -$0.06 | -37.2% |
来自2026-08-10发布的Q2 '26财报：营收及分析师预期口径的EPS（通常为调整后），可能与上方报表中的EPS不同。
EPS与一致预期
最近8次财报营收
收入从何而来,按业务线和地区逐季展示。
营收、营业利润与增速
季度按业务线划分的营收
堆叠,季度| 分部 | Q1 '26 | 同比 | 占比 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| Product | $1.27亿 | +57.8% | 63.6% | – | – | |
| Space Systems | – | – | – | – | – | |
| Service | $7290万 | +74.5% | 36.4% | – | – | |
| Launch Services | – | – | – | – | – |
利润率与成本结构
每一单位营收在各层级还剩多少,成本又花在哪里。
利润率
季度成本占营收比例
季度现金流与资本配置
创造了多少现金,用在何处,又有多少回到股东手中。
经营现金流、资本支出、自由现金流
季度现金用途与经营现金流
财年最近4个季度
现金流量表- 经营现金流
- -$2.22亿
- 资本支出
- -$1.49亿
- 股票回购
- $0
- 股息
- $0
- 收购
- -$1.76亿
- 债务净发行
- -$7530万
- 股权激励费用
- $8160万
- 自由现金流
- -$3.71亿
- 股东回报 / FCF
- 0.0%
股数与EPS
季度,稀释资产负债表
各季度末的流动性、投资和债务。
现金、投资与债务
季度末估值与回报
当前估值倍数与公司自身过去五个财年对比;分析师目标价与评级。
估值倍数与回报
TTM与过去5个财年| 当前 | 5年均值 | 当前处于5年区间的位置 | |
|---|---|---|---|
| P/E(TTM) | -197.7× | – | – |
| EV / EBITDA | -252.1× | – | – |
| EV / 营收 | 40.0× | 37.8× | 7.9× – 80.2× |
| 股价 / FCF | -88.3× | – | – |
| 股价 / 净资产 | 9.9× | 14.0× | 2.6× – 33.0× |
| FCF收益率 | -1.1% | -3.6% | -8.5% – -0.9% |
| 投入资本回报率 | -5.3% | -16.7% | -24.2% – -10.1% |
| 净资产收益率 | -7.6% | -26.2% | -49.7% – -11.5% |
分析师
一致目标价 $105.17 (+92.2%)
区间 $80.00 – $132.00 · 评级 Buy
强烈买入0
买入16
持有4
卖出1
强烈卖出0
展望
分析师对未来财年的一致预期,以及按当前股价意味着什么。
一致预期
| 财年 | 营收 | 增速 | EPS | 增速 | 按当前股价的P/E | 分析师(EPS) |
|---|---|---|---|---|---|---|
| FY2026 | $9.59亿 | +59.4% | -$0.29 | +22.7% | -191.4× | 9 |
| FY2027 | $13.6亿 | +42.3% | -$0.04 | +85.4% | -1,313.4× | 10 |
| FY2028 | $18.3亿 | +34.3% | $0.26 | +719.3% | 212.1× | 6 |
| FY2029 | $22.2亿 | +21.2% | $0.49 | +89.9% | 111.7× | 3 |
| FY2030 | $27亿 | +21.3% | $0.84 | +71.0% | 65.3× | 2 |
财务报表
利润表、资产负债表和现金流量表的每一项,含12个季度和10个财年,以金额、占营收比例或增速展示。
全部披露项目
Rocket Lab USA, Inc.在近期10-Q / 10-K文件中标记的全部286项数据,附SEC官方标签和定义,包括附注(租赁、税务、回购、员工等)。
| 项目(SEC标签) | 最近季度 | 去年同期 | 同比 | 最近财年 | 上一财年 | 同比 |
|---|---|---|---|---|---|---|
| Accounts Payable, Current | $7450万 | $7100万 | +4.9% | $7270万 | $5310万 | +37.0% |
| Accounts Receivable, after Allowance for Credit Loss, Current | $1.13亿 | $6180万 | +82.7% | $3900万 | $3640万 | +7.0% |
| Accretion (Amortization) of Discounts and Premiums, Investments | $41.5万 | $53.8万 | -22.9% | $225万 | $290万 | -22.6% |
| Accrued Liabilities, Current | $4420万 | $2320万 | +90.5% | $1930万 | $1950万 | -0.8% |
| Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment | $1.05亿 | $7870万 | +33.7% | $9090万 | $6560万 | +38.5% |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | -$858万 | $70.5万 | -1,316.3% | -$196万 | -$281万 | +30.0% |
| Additional Paid in Capital | $46.1亿 | $16.3亿 | +182.9% | $27.4亿 | $12亿 | +128.2% |
| Adjustments to Additional Paid in Capital, Warrant Issued | – | – | – | $260万2023-12-31 | – | – |
| Amortization of Debt Issuance Costs | $4.6万 | $86万 | -94.7% | $314万 | $309万 | +1.6% |
| Amortization of Intangible Assets | $1080万 | $257万 | +318.9% | $1800万 | $1210万 | +48.8% |
| APIC, Share-based Payment Arrangement, Option, Increase for Cost Recognition | $2150万 | $1870万 | +15.0% | $6990万 | $5590万 | +25.1% |
| Assets | $41.9亿 | $15.5亿 | +169.6% | $23.2亿 | $11.8亿 | +96.3% |
| Assets, Current | $29亿 | $10.1亿 | +187.8% | $13.7亿 | $6.93亿 | +97.2% |
| Assets, Fair Value Disclosure | $23亿 | – | – | $10.1亿 | $4.2亿 | +141.1% |
| Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability | $19.9万 | $0 | – | -$1060万 | -$21.8万 | -4,773.4% |
| Business Combination, Contingent Consideration, Liability, Noncurrent | $1370万 | – | – | $763万 | – | – |
| Capital Expenditures Incurred but Not yet Paid | -$576万 | $356万 | -261.7% | – | – | – |
| Cash and Cash Equivalents, at Carrying Value | $21.3亿 | $5.64亿 | +277.5% | $8.29亿 | $2.71亿 | +205.7% |
| Cash Equivalents, at Carrying Value | $20.4亿 | $4.9亿 | +315.8% | $7.43亿 | $2.12亿 | +251.1% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $21.4亿 | $5.69亿 | +275.7% | $8.34亿 | $2.75亿 | +202.8% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $9.27亿 | $2.61亿 | +255.5% | $5.58亿 | $1.09亿 | +412.8% |
| Common Stock, Par or Stated Value Per Share | $0.00 | $0.00 | 0.0% | $0.00 | $0.00 | 0.0% |
| Common Stock, Shares Authorized | 25亿 | 25亿 | 0.0% | 25亿 | 25亿 | 0.0% |
| Common Stock, Shares, Issued | 6.39亿 | 5.25亿 | +21.7% | 5.9亿 | 5.04亿 | +16.9% |
| Common Stock, Shares, Outstanding | 5.98亿 | 4.79亿 | +24.8% | 5.44亿 | 5.04亿 | +7.8% |
| Common Stock, Value, Issued | $6万 | $4.8万 | +25.0% | $5.4万 | $5万 | +8.0% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Parent | -$5490万 | -$6330万 | +13.4% | -$1.97亿 | -$1.95亿 | -1.5% |
| Contract with Customer, Asset, after Allowance for Credit Loss | $9420万 | $5190万 | +81.5% | $6160万 | $6310万 | -2.4% |
| Contract with Customer, Asset, after Allowance for Credit Loss, Current | $9420万 | $5190万 | +81.5% | $6160万 | $6310万 | -2.4% |
| Contract with Customer, Liability | $3.51亿 | $2.23亿 | +57.2% | $1.95亿 | $2.16亿 | -9.6% |
| Contract with Customer, Liability, Cumulative Catch-up Adjustment to Revenue, Change in Estimate of Transaction Price | -$320万2025-12-31 | – | – | -$792万 | – | – |
| Contract with Customer, Liability, Current | $3.51亿 | $2.23亿 | +57.2% | $1.95亿 | $2.16亿 | -9.6% |
| Contract with Customer, Liability, Revenue Recognized | $4130万 | – | – | – | – | – |
| Contract with Customer, Receivable, after Allowance for Credit Loss | $1.13亿 | $6180万 | +82.7% | $3900万 | $3640万 | +7.0% |
| Conversion of Stock, Amount Issued | – | – | – | $1.97亿 | $0 | – |
| Cost of Revenue | $1.49亿 | $9810万 | +52.4% | $3.95亿 | $3.2亿 | +23.3% |
| Current Federal Tax Expense (Benefit) | – | – | – | $0 | $0 | – |
| Current Foreign Tax Expense (Benefit) | – | – | – | $271万 | -$29.9万 | +1,007.7% |
| Current Income Tax Expense (Benefit) | – | – | – | $272万 | -$28.5万 | +1,053.7% |
| Current State and Local Tax Expense (Benefit) | – | – | – | $4000 | $1.4万 | -71.4% |
| Debt Issuance Costs Incurred During Noncash or Partial Noncash Transaction | -$52.2万 | -$52.7万 | +0.9% | $21.4万 | $0 | – |
| Debt Securities, Available-for-sale | $23亿 | $6.76亿 | +240.0% | $10.1亿 | $4.2亿 | +141.1% |
| Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax | $5.1万 | $24.7万 | -79.4% | $41.2万 | $28.1万 | +46.6% |
| Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax | $52.8万 | $3万 | +1,660.0% | $1.7万 | $10.3万 | -83.5% |
| Debt Securities, Available-for-sale, Amortized Cost | $23亿 | $6.75亿 | +240.2% | $10.1亿 | $4.2亿 | +141.1% |
| Debt Securities, Available-for-Sale, Amortized Cost, Maturity, Allocated and Single Maturity Date, Year One | $22.1亿 | $6.14亿 | +260.0% | $9.31亿 | $3.59亿 | +158.9% |
| Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer | $205万2025-09-30 | $4550万 | -95.5% | $4240万2024-12-31 | $354万 | +1,099.7% |
| Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | $10002025-09-30 | $4.6万 | -97.8% | $1.5万2024-12-31 | $1.8万 | -16.7% |
| Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months | $1.85亿 | $3430万 | +440.5% | $2520万 | $3170万 | -20.5% |
| Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | $52.8万 | $3万 | +1,660.0% | $1.7万 | $8.8万 | -80.7% |
| Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, Year One | $22.1亿 | $6.14亿 | +259.9% | $9.31亿 | $3.6亿 | +158.9% |
| Debt Securities, Available-for-sale, Unrealized Loss Position | $1810万2025-09-30 | $6070万 | -70.1% | $7410万2024-12-31 | $1.02亿 | -27.1% |
| Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss | $40002025-09-30 | $5.6万 | -92.9% | $10.3万2024-12-31 | $36.9万 | -72.1% |
| Deferred Federal Income Tax Expense (Benefit) | – | – | – | -$2780万 | $16.6万 | -16,862.0% |
| Deferred Foreign Income Tax Expense (Benefit) | – | – | – | $171万 | $60.3万 | +183.6% |
| Deferred Income Tax Assets, Net | $106万 | $210万 | -49.6% | $190万 | $301万 | -37.0% |
| Deferred Income Tax Expense (Benefit) | – | – | – | -$3040万 | $105万 | -2,998.6% |
| Deferred Income Tax Liabilities, Net | $1010万 | $118万 | +757.7% | $124万 | $89.1万 | +39.3% |
| Deferred Income Taxes and Tax Credits | $25.4万 | $204万 | -87.5% | -$3070万 | $59.9万 | -5,219.7% |
| Deferred State and Local Income Tax Expense (Benefit) | – | – | – | -$429万 | $28万 | -1,632.5% |
来源:SEC companyfacts(每份10-Q / 10-K的XBRL)。现金流量表的季度数据由10-Q标记的年初至今累计数推算。分部拆分带有维度标记,在分部章节中单独展示。
数据来源
报表、分部营收、指标和预期均根据公司文件标准化。分部利润及全部披露项目:SEC EDGAR(XBRL)。 已读取的文件: 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30, 10-Q 2024-06-30
数据截至 2026-11-02