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ADT Inc.（ADT）与Rackspace Technology, Inc.（RXT）财务数据对比。点击上方公司名可切换其他公司
ADT Inc.的季度营收约是Rackspace Technology, Inc.的1.9倍（$1.3B vs $682.8M），ADT Inc.净利率更高（11.4% vs -4.8%，领先16.2%），ADT Inc.同比增速更快（2.9% vs -0.4%），ADT Inc.自由现金流更多（$323.5M vs $56.0M），过去两年ADT Inc.的营收复合增速更高（2.7% vs -0.6%）
ADT Inc.是美国头部安防企业，总部位于佛罗里达州博卡拉顿，业务覆盖美国与加拿大，为住宅、小型商户提供电子安防、消防防护及相关报警监控服务。公司2016年被阿波罗全球管理以69亿美元杠杆收购，2018年1月于纽约证券交易所上市。
Rackspace Technology, Inc.是总部位于美国得克萨斯州圣安东尼奥的云计算企业，在弗吉尼亚州雷斯顿以及澳大利亚、加拿大、英国、印度、迪拜、瑞士、荷兰、德国、新加坡、墨西哥、中国香港等多个国家和地区设有办事处，数据中心分布于全球多个主要城市，为客户提供专业的云计算相关服务。
ADT vs RXT — 直观对比
营收规模更大
ADT
是对方的1.9倍
$682.8M
营收增速更快
ADT
高出3.3%
-0.4%
净利率更高
ADT
高出16.2%
-4.8%
自由现金流更多
ADT
多$267.5M
$56.0M
两年增速更快
ADT
近两年复合增速
-0.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $682.8M |
| 净利润 | $145.4M | $-32.7M |
| 毛利率 | — | 17.6% |
| 营业利润率 | 26.1% | -0.5% |
| 净利率 | 11.4% | -4.8% |
| 营收同比 | 2.9% | -0.4% |
| 净利润同比 | -23.5% | 41.6% |
| 每股收益（稀释后） | — | $-0.13 |
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ADTRXT
| Q4 25 | $1.3B | $682.8M | ||
| Q3 25 | $1.3B | $671.2M | ||
| Q2 25 | $1.3B | $666.3M | ||
| Q1 25 | $1.3B | $665.4M | ||
| Q4 24 | $1.2B | $685.6M | ||
| Q3 24 | $1.2B | $675.8M | ||
| Q2 24 | $1.2B | $684.9M | ||
| Q1 24 | $1.2B | $690.8M |
净利润ADTRXT
| Q4 25 | $145.4M | $-32.7M | ||
| Q3 25 | $145.1M | $-67.1M | ||
| Q2 25 | $165.2M | $-54.5M | ||
| Q1 25 | $140.2M | $-71.5M | ||
| Q4 24 | $190.0M | $-56.0M | ||
| Q3 24 | $127.2M | $-186.6M | ||
| Q2 24 | $92.4M | $25.0M | ||
| Q1 24 | $91.6M | $-640.6M |
毛利率ADTRXT
| Q4 25 | — | 17.6% | ||
| Q3 25 | — | 19.4% | ||
| Q2 25 | — | 19.4% | ||
| Q1 25 | — | 19.1% | ||
| Q4 24 | — | 19.2% | ||
| Q3 24 | — | 20.3% | ||
| Q2 24 | — | 19.2% | ||
| Q1 24 | — | 19.2% |
营业利润率ADTRXT
| Q4 25 | 26.1% | -0.5% | ||
| Q3 25 | 24.3% | -5.1% | ||
| Q2 25 | 26.6% | -3.8% | ||
| Q1 25 | 25.2% | -5.8% | ||
| Q4 24 | 32.4% | -4.2% | ||
| Q3 24 | 26.2% | -25.7% | ||
| Q2 24 | 23.6% | -7.9% | ||
| Q1 24 | 16.2% | -94.5% |
净利率ADTRXT
| Q4 25 | 11.4% | -4.8% | ||
| Q3 25 | 11.2% | -10.0% | ||
| Q2 25 | 12.8% | -8.2% | ||
| Q1 25 | 11.1% | -10.7% | ||
| Q4 24 | 15.3% | -8.2% | ||
| Q3 24 | 10.2% | -27.6% | ||
| Q2 24 | 7.7% | 3.7% | ||
| Q1 24 | 7.6% | -92.7% |
每股收益（稀释后）ADTRXT
| Q4 25 | — | $-0.13 | ||
| Q3 25 | — | $-0.28 | ||
| Q2 25 | — | $-0.23 | ||
| Q1 25 | — | $-0.31 | ||
| Q4 24 | — | $-0.20 | ||
| Q3 24 | — | $-0.82 | ||
| Q2 24 | — | $0.11 | ||
| Q1 24 | — | $-2.91 |
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 | $80.8M | $105.8M |
| 总债务越低越好 | $7.4B | $2.7B |
| 股东权益账面价值 | $3.8B | $-1.2B |
| 总资产 | $15.8B | $2.8B |
| 负债/权益比越低杠杆越低 | 1.95× | — |
8季度趋势，按日历期对齐
现金及短期投资ADTRXT
| Q4 25 | $80.8M | $105.8M | ||
| Q3 25 | $62.8M | $99.5M | ||
| Q2 25 | $45.2M | $103.9M | ||
| Q1 25 | $3.7M | $128.0M | ||
| Q4 24 | $96.2M | $144.0M | ||
| Q3 24 | $95.3M | $157.1M | ||
| Q2 24 | $37.9M | $190.2M | ||
| Q1 24 | $4.0M | $282.6M |
总债务ADTRXT
| Q4 25 | $7.4B | $2.7B | ||
| Q3 25 | $7.3B | $2.8B | ||
| Q2 25 | $6.8B | $2.8B | ||
| Q1 25 | $7.6B | $2.8B | ||
| Q4 24 | $7.5B | $2.8B | ||
| Q3 24 | $7.5B | $2.8B | ||
| Q2 24 | $7.5B | $2.9B | ||
| Q1 24 | $7.6B | $3.0B |
股东权益ADTRXT
| Q4 25 | $3.8B | $-1.2B | ||
| Q3 25 | $3.7B | $-1.2B | ||
| Q2 25 | $3.7B | $-1.1B | ||
| Q1 25 | $3.6B | $-1.1B | ||
| Q4 24 | $3.8B | $-1.0B | ||
| Q3 24 | $3.9B | $-949.7M | ||
| Q2 24 | $3.8B | $-756.2M | ||
| Q1 24 | $3.7B | $-787.2M |
总资产ADTRXT
| Q4 25 | $15.8B | $2.8B | ||
| Q3 25 | $16.0B | $2.8B | ||
| Q2 25 | $16.0B | $2.9B | ||
| Q1 25 | $15.8B | $3.0B | ||
| Q4 24 | $16.1B | $3.1B | ||
| Q3 24 | $16.1B | $3.1B | ||
| Q2 24 | $16.0B | $3.4B | ||
| Q1 24 | $15.9B | $3.5B |
负债/权益比ADTRXT
| Q4 25 | 1.95× | — | ||
| Q3 25 | 1.99× | — | ||
| Q2 25 | 1.84× | — | ||
| Q1 25 | 2.10× | — | ||
| Q4 24 | 1.98× | — | ||
| Q3 24 | 1.93× | — | ||
| Q2 24 | 1.98× | — | ||
| Q1 24 | 2.03× | — |
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 | $373.6M | $59.7M |
| 自由现金流经营现金流 - 资本支出 | $323.5M | $56.0M |
| 自由现金流率自由现金流/营收 | 25.4% | 8.2% |
| 资本支出强度资本支出/营收 | 3.9% | 0.5% |
| 现金转化率经营现金流/净利润 | 2.57× | — |
| 过去12个月自由现金流最近4个季度 | $1.7B | $90.6M |
8季度趋势，按日历期对齐
经营现金流ADTRXT
| Q4 25 | $373.6M | $59.7M | ||
| Q3 25 | $480.1M | $70.7M | ||
| Q2 25 | $563.9M | $8.4M | ||
| Q1 25 | $466.6M | $12.6M | ||
| Q4 24 | $459.7M | $54.3M | ||
| Q3 24 | $498.2M | $51.8M | ||
| Q2 24 | $563.2M | $24.1M | ||
| Q1 24 | $363.8M | $-90.3M |
自由现金流ADTRXT
| Q4 25 | $323.5M | $56.0M | ||
| Q3 25 | $437.4M | $42.7M | ||
| Q2 25 | $526.3M | $-12.4M | ||
| Q1 25 | $421.2M | $4.3M | ||
| Q4 24 | $426.0M | $34.4M | ||
| Q3 24 | $455.5M | $27.3M | ||
| Q2 24 | $516.5M | $-14.5M | ||
| Q1 24 | $323.1M | $-118.4M |
自由现金流率ADTRXT
| Q4 25 | 25.4% | 8.2% | ||
| Q3 25 | 33.7% | 6.4% | ||
| Q2 25 | 40.9% | -1.9% | ||
| Q1 25 | 33.2% | 0.6% | ||
| Q4 24 | 34.3% | 5.0% | ||
| Q3 24 | 36.6% | 4.0% | ||
| Q2 24 | 42.9% | -2.1% | ||
| Q1 24 | 26.7% | -17.1% |
资本支出强度ADTRXT
| Q4 25 | 3.9% | 0.5% | ||
| Q3 25 | 3.3% | 4.2% | ||
| Q2 25 | 2.9% | 3.1% | ||
| Q1 25 | 3.6% | 1.2% | ||
| Q4 24 | 2.7% | 2.9% | ||
| Q3 24 | 3.4% | 3.6% | ||
| Q2 24 | 3.9% | 5.6% | ||
| Q1 24 | 3.4% | 4.1% |
现金转化率ADTRXT
| Q4 25 | 2.57× | — | ||
| Q3 25 | 3.31× | — | ||
| Q2 25 | 3.41× | — | ||
| Q1 25 | 3.33× | — | ||
| Q4 24 | 2.42× | — | ||
| Q3 24 | 3.92× | — | ||
| Q2 24 | 6.10× | 0.96× | ||
| Q1 24 | 3.97× | — |
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
ADT
| Recurring Monthly Revenue | $1.0B | 82% |
| Installation Revenue | $103.0M | 8% |
| Other | $89.9M | 7% |
| Other Related Services | $36.0M | 3% |
RXT
| Public Cloud Services Segment | $442.2M | 65% |
| Private Cloud Service Segment | $240.6M | 35% |
