vs
鲍德温（BWIN）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
Rackspace Technology, Inc.的季度营收约是鲍德温的2.0倍（$682.8M vs $347.3M），Rackspace Technology, Inc.净利率更高（-4.8% vs -7.5%，领先2.7%），鲍德温同比增速更快（5.3% vs -0.4%），Rackspace Technology, Inc.自由现金流更多（$56.0M vs $-68.9M），过去两年Rackspace Technology, Inc.的营收复合增速更高（-0.6% vs -4.4%）
鲍德温钢琴是美国知名钢琴品牌，曾是美国最大的键盘乐器制造商，主打 slogan 为「美国人最喜爱的钢琴」。2001年起成为吉普森品牌旗下子公司，2008年12月停止美国本土生产，将钢琴制造生产线迁至中国。
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。
BWIN vs RXT — 直观对比
营收规模更大
RXT
是对方的2.0倍
$347.3M
营收增速更快
BWIN
高出5.7%
-0.4%
净利率更高
RXT
高出2.7%
-7.5%
自由现金流更多
RXT
多$124.9M
$-68.9M
两年增速更快
RXT
近两年复合增速
-4.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $347.3M | $682.8M |
| 净利润 | $-25.9M | $-32.7M |
| 毛利率 | — | 17.6% |
| 营业利润率 | -3.8% | -0.5% |
| 净利率 | -7.5% | -4.8% |
| 营收同比 | 5.3% | -0.4% |
| 净利润同比 | -28.3% | 41.6% |
| 每股收益（稀释后） | $-0.38 | $-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BWINRXT
| Q4 25 | $347.3M | $682.8M | ||
| Q3 25 | $365.4M | $671.2M | ||
| Q2 25 | $378.8M | $666.3M | ||
| Q1 25 | $413.4M | $665.4M | ||
| Q4 24 | $329.9M | $685.6M | ||
| Q3 24 | $338.9M | $675.8M | ||
| Q2 24 | $339.8M | $684.9M | ||
| Q1 24 | $380.4M | $690.8M |
净利润BWINRXT
| Q4 25 | $-25.9M | $-32.7M | ||
| Q3 25 | $-18.7M | $-67.1M | ||
| Q2 25 | $-3.2M | $-54.5M | ||
| Q1 25 | $13.9M | $-71.5M | ||
| Q4 24 | $-20.2M | $-56.0M | ||
| Q3 24 | $-8.4M | $-186.6M | ||
| Q2 24 | $-17.6M | $25.0M | ||
| Q1 24 | $21.6M | $-640.6M |
毛利率BWINRXT
| 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BWINRXT
| Q4 25 | -3.8% | -0.5% | ||
| Q3 25 | 0.9% | -5.1% | ||
| Q2 25 | 7.4% | -3.8% | ||
| Q1 25 | 13.6% | -5.8% | ||
| Q4 24 | -1.7% | -4.2% | ||
| Q3 24 | 4.5% | -25.7% | ||
| Q2 24 | 4.8% | -7.9% | ||
| Q1 24 | 9.0% | -94.5% |
净利率BWINRXT
| Q4 25 | -7.5% | -4.8% | ||
| Q3 25 | -5.1% | -10.0% | ||
| Q2 25 | -0.8% | -8.2% | ||
| Q1 25 | 3.4% | -10.7% | ||
| Q4 24 | -6.2% | -8.2% | ||
| Q3 24 | -2.5% | -27.6% | ||
| Q2 24 | -5.2% | 3.7% | ||
| Q1 24 | 5.7% | -92.7% |
每股收益（稀释后）BWINRXT
| Q4 25 | $-0.38 | $-0.13 | ||
| Q3 25 | $-0.27 | $-0.28 | ||
| Q2 25 | $-0.05 | $-0.23 | ||
| Q1 25 | $0.20 | $-0.31 | ||
| Q4 24 | $-0.31 | $-0.20 | ||
| Q3 24 | $-0.13 | $-0.82 | ||
| Q2 24 | $-0.28 | $0.11 | ||
| Q1 24 | $0.33 | $-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 | $123.7M | $105.8M |
| 总债务越低越好 | — | $2.7B |
| 股东权益账面价值 | $600.2M | $-1.2B |
| 总资产 | $3.9B | $2.8B |
| 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BWINRXT
| Q4 25 | $123.7M | $105.8M | ||
| Q3 25 | $89.7M | $99.5M | ||
| Q2 25 | $105.7M | $103.9M | ||
| Q1 25 | $81.8M | $128.0M | ||
| Q4 24 | $90.0M | $144.0M | ||
| Q3 24 | $181.8M | $157.1M | ||
| Q2 24 | $208.3M | $190.2M | ||
| Q1 24 | $112.1M | $282.6M |
总债务BWINRXT
| Q4 25 | — | $2.7B | ||
| Q3 25 | — | $2.8B | ||
| Q2 25 | — | $2.8B | ||
| Q1 25 | — | $2.8B | ||
| Q4 24 | — | $2.8B | ||
| Q3 24 | — | $2.8B | ||
| Q2 24 | — | $2.9B | ||
| Q1 24 | — | $3.0B |
股东权益BWINRXT
| Q4 25 | $600.2M | $-1.2B | ||
| Q3 25 | $619.7M | $-1.2B | ||
| Q2 25 | $630.8M | $-1.1B | ||
| Q1 25 | $619.6M | $-1.1B | ||
| Q4 24 | $583.2M | $-1.0B | ||
| Q3 24 | $595.4M | $-949.7M | ||
| Q2 24 | $590.9M | $-756.2M | ||
| Q1 24 | $597.9M | $-787.2M |
总资产BWINRXT
| Q4 25 | $3.9B | $2.8B | ||
| Q3 25 | $3.8B | $2.8B | ||
| Q2 25 | $3.7B | $2.9B | ||
| Q1 25 | $3.5B | $3.0B | ||
| Q4 24 | $3.5B | $3.1B | ||
| Q3 24 | $3.5B | $3.1B | ||
| Q2 24 | $3.7B | $3.4B | ||
| Q1 24 | $3.5B | $3.5B |
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 | $-29.4M | $59.7M |
| 自由现金流经营现金流 - 资本支出 | $-68.9M | $56.0M |
| 自由现金流率自由现金流/营收 | -19.9% | 8.2% |
| 资本支出强度资本支出/营收 | 11.4% | 0.5% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $-137.8M | $90.6M |
8季度趋势，按日历期对齐
经营现金流BWINRXT
| Q4 25 | $-29.4M | $59.7M | ||
| Q3 25 | $41.0M | $70.7M | ||
| Q2 25 | $-16.7M | $8.4M | ||
| Q1 25 | $-64.0M | $12.6M | ||
| Q4 24 | $51.5M | $54.3M | ||
| Q3 24 | $32.4M | $51.8M | ||
| Q2 24 | $18.3M | $24.1M | ||
| Q1 24 | $3.0M | $-90.3M |
自由现金流BWINRXT
| Q4 25 | $-68.9M | $56.0M | ||
| Q3 25 | $32.2M | $42.7M | ||
| Q2 25 | $-28.1M | $-12.4M | ||
| Q1 25 | $-72.9M | $4.3M | ||
| Q4 24 | $10.4M | $34.4M | ||
| Q3 24 | $22.2M | $27.3M | ||
| Q2 24 | $7.8M | $-14.5M | ||
| Q1 24 | $-5.1M | $-118.4M |
自由现金流率BWINRXT
| Q4 25 | -19.9% | 8.2% | ||
| Q3 25 | 8.8% | 6.4% | ||
| Q2 25 | -7.4% | -1.9% | ||
| Q1 25 | -17.6% | 0.6% | ||
| Q4 24 | 3.2% | 5.0% | ||
| Q3 24 | 6.6% | 4.0% | ||
| Q2 24 | 2.3% | -2.1% | ||
| Q1 24 | -1.4% | -17.1% |
资本支出强度BWINRXT
| Q4 25 | 11.4% | 0.5% | ||
| Q3 25 | 2.4% | 4.2% | ||
| Q2 25 | 3.0% | 3.1% | ||
| Q1 25 | 2.2% | 1.2% | ||
| Q4 24 | 12.4% | 2.9% | ||
| Q3 24 | 3.0% | 3.6% | ||
| Q2 24 | 3.1% | 5.6% | ||
| Q1 24 | 2.1% | 4.1% |
现金转化率BWINRXT
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | -4.59× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 0.96× | ||
| Q1 24 | 0.14× | — |
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
BWIN
| Insurance Advisory Solutions | $157.9M | 45% |
| Underwriting Capacity Technology Solutions | $129.5M | 37% |
| Consultingand Service Fee Revenue | $20.9M | 6% |
| Policy Feeand Installment Fee Revenue | $20.4M | 6% |
| Other | $7.3M | 2% |
| Earned Premium | $6.9M | 2% |
| Other Insurance Product Line | $4.4M | 1% |
RXT
| Public Cloud Services Segment | $442.2M | 65% |
| Private Cloud Service Segment | $240.6M | 35% |
