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Cboe Global Markets（CBOE）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
Cboe Global Markets的季度营收约是Rackspace Technology, Inc.的1.8倍（$1.2B vs $682.8M），Cboe Global Markets净利率更高（26.0% vs -4.8%，领先30.8%），Cboe Global Markets同比增速更快（8.7% vs -0.4%），Cboe Global Markets自由现金流更多（$332.1M vs $56.0M），过去两年Cboe Global Markets的营收复合增速更高（12.2% vs -0.6%）
Cboe Global Markets是总部位于美国芝加哥的金融交易所运营集团，旗下拥有并运营多类交易所及交易场所，业务覆盖股票、期权、期货、数字资产等多个交易领域，为全球市场参与者提供专业交易服务支持。
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。
CBOE vs RXT — 直观对比
营收规模更大
CBOE
是对方的1.8倍
$682.8M
营收增速更快
CBOE
高出9.1%
-0.4%
净利率更高
CBOE
高出30.8%
-4.8%
自由现金流更多
CBOE
多$276.1M
$56.0M
两年增速更快
CBOE
近两年复合增速
-0.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $682.8M |
| 净利润 | $313.5M | $-32.7M |
| 毛利率 | 55.7% | 17.6% |
| 营业利润率 | 33.5% | -0.5% |
| 净利率 | 26.0% | -4.8% |
| 营收同比 | 8.7% | -0.4% |
| 净利润同比 | 59.5% | 41.6% |
| 每股收益（稀释后） | $2.97 | $-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CBOERXT
| Q4 25 | $1.2B | $682.8M | ||
| Q3 25 | $1.1B | $671.2M | ||
| Q2 25 | $1.2B | $666.3M | ||
| Q1 25 | $1.2B | $665.4M | ||
| Q4 24 | $1.1B | $685.6M | ||
| Q3 24 | $1.1B | $675.8M | ||
| Q2 24 | $974.0M | $684.9M | ||
| Q1 24 | $957.2M | $690.8M |
净利润CBOERXT
| Q4 25 | $313.5M | $-32.7M | ||
| Q3 25 | $300.8M | $-67.1M | ||
| Q2 25 | $235.1M | $-54.5M | ||
| Q1 25 | $250.6M | $-71.5M | ||
| Q4 24 | $196.5M | $-56.0M | ||
| Q3 24 | $218.5M | $-186.6M | ||
| Q2 24 | $140.4M | $25.0M | ||
| Q1 24 | $209.5M | $-640.6M |
毛利率CBOERXT
| Q4 25 | 55.7% | 17.6% | ||
| Q3 25 | 53.0% | 19.4% | ||
| Q2 25 | 50.0% | 19.4% | ||
| Q1 25 | 47.3% | 19.1% | ||
| Q4 24 | 47.4% | 19.2% | ||
| Q3 24 | 50.4% | 20.3% | ||
| Q2 24 | 52.8% | 19.2% | ||
| Q1 24 | 52.5% | 19.2% |
营业利润率CBOERXT
| Q4 25 | 33.5% | -0.5% | ||
| Q3 25 | 32.4% | -5.1% | ||
| Q2 25 | 28.9% | -3.8% | ||
| Q1 25 | 29.6% | -5.8% | ||
| Q4 24 | 27.0% | -4.2% | ||
| Q3 24 | 29.1% | -25.7% | ||
| Q2 24 | 21.6% | -7.9% | ||
| Q1 24 | 29.5% | -94.5% |
净利率CBOERXT
| Q4 25 | 26.0% | -4.8% | ||
| Q3 25 | 26.3% | -10.0% | ||
| Q2 25 | 20.0% | -8.2% | ||
| Q1 25 | 21.0% | -10.7% | ||
| Q4 24 | 17.7% | -8.2% | ||
| Q3 24 | 20.7% | -27.6% | ||
| Q2 24 | 14.4% | 3.7% | ||
| Q1 24 | 21.9% | -92.7% |
每股收益（稀释后）CBOERXT
| Q4 25 | $2.97 | $-0.13 | ||
| Q3 25 | $2.85 | $-0.28 | ||
| Q2 25 | $2.23 | $-0.23 | ||
| Q1 25 | $2.37 | $-0.31 | ||
| Q4 24 | $1.85 | $-0.20 | ||
| Q3 24 | $2.07 | $-0.82 | ||
| Q2 24 | $1.33 | $0.11 | ||
| Q1 24 | $1.96 | $-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 | $2.3B | $105.8M |
| 总债务越低越好 | $1.4B | $2.7B |
| 股东权益账面价值 | $5.1B | $-1.2B |
| 总资产 | $9.3B | $2.8B |
| 负债/权益比越低杠杆越低 | 0.28× | — |
8季度趋势，按日历期对齐
现金及短期投资CBOERXT
| Q4 25 | $2.3B | $105.8M | ||
| Q3 25 | $1.5B | $99.5M | ||
| Q2 25 | $1.5B | $103.9M | ||
| Q1 25 | $1.2B | $128.0M | ||
| Q4 24 | $1.0B | $144.0M | ||
| Q3 24 | $763.2M | $157.1M | ||
| Q2 24 | $698.3M | $190.2M | ||
| Q1 24 | $595.1M | $282.6M |
总债务CBOERXT
| Q4 25 | $1.4B | $2.7B | ||
| Q3 25 | $1.4B | $2.8B | ||
| Q2 25 | $1.4B | $2.8B | ||
| Q1 25 | $1.4B | $2.8B | ||
| Q4 24 | $1.4B | $2.8B | ||
| Q3 24 | $1.4B | $2.8B | ||
| Q2 24 | $1.4B | $2.9B | ||
| Q1 24 | $1.4B | $3.0B |
股东权益CBOERXT
| Q4 25 | $5.1B | $-1.2B | ||
| Q3 25 | $4.9B | $-1.2B | ||
| Q2 25 | $4.7B | $-1.1B | ||
| Q1 25 | $4.5B | $-1.1B | ||
| Q4 24 | $4.3B | $-1.0B | ||
| Q3 24 | $4.2B | $-949.7M | ||
| Q2 24 | $4.0B | $-756.2M | ||
| Q1 24 | $4.0B | $-787.2M |
总资产CBOERXT
| Q4 25 | $9.3B | $2.8B | ||
| Q3 25 | $9.1B | $2.8B | ||
| Q2 25 | $9.0B | $2.9B | ||
| Q1 25 | $8.7B | $3.0B | ||
| Q4 24 | $7.8B | $3.1B | ||
| Q3 24 | $8.7B | $3.1B | ||
| Q2 24 | $9.3B | $3.4B | ||
| Q1 24 | $8.2B | $3.5B |
负债/权益比CBOERXT
| Q4 25 | 0.28× | — | ||
| Q3 25 | 0.30× | — | ||
| Q2 25 | 0.31× | — | ||
| Q1 25 | 0.32× | — | ||
| Q4 24 | 0.34× | — | ||
| Q3 24 | 0.34× | — | ||
| Q2 24 | 0.36× | — | ||
| Q1 24 | 0.36× | — |
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 | $352.1M | $59.7M |
| 自由现金流经营现金流 - 资本支出 | $332.1M | $56.0M |
| 自由现金流率自由现金流/营收 | 27.6% | 8.2% |
| 资本支出强度资本支出/营收 | 1.7% | 0.5% |
| 现金转化率经营现金流/净利润 | 1.12× | — |
| 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CBOERXT
| Q4 25 | $352.1M | $59.7M | ||
| Q3 25 | $153.9M | $70.7M | ||
| Q2 25 | $333.7M | $8.4M | ||
| Q1 25 | $912.9M | $12.6M | ||
| Q4 24 | $-710.4M | $54.3M | ||
| Q3 24 | $-578.5M | $51.8M | ||
| Q2 24 | $1.5B | $24.1M | ||
| Q1 24 | $895.6M | $-90.3M |
自由现金流CBOERXT
| Q4 25 | $332.1M | $56.0M | ||
| Q3 25 | $137.9M | $42.7M | ||
| Q2 25 | $313.4M | $-12.4M | ||
| Q1 25 | $898.2M | $4.3M | ||
| Q4 24 | $-734.2M | $34.4M | ||
| Q3 24 | $-590.5M | $27.3M | ||
| Q2 24 | $1.5B | $-14.5M | ||
| Q1 24 | $888.3M | $-118.4M |
自由现金流率CBOERXT
| Q4 25 | 27.6% | 8.2% | ||
| Q3 25 | 12.1% | 6.4% | ||
| Q2 25 | 26.7% | -1.9% | ||
| Q1 25 | 75.2% | 0.6% | ||
| Q4 24 | -66.3% | 5.0% | ||
| Q3 24 | -55.9% | 4.0% | ||
| Q2 24 | 151.6% | -2.1% | ||
| Q1 24 | 92.8% | -17.1% |
资本支出强度CBOERXT
| Q4 25 | 1.7% | 0.5% | ||
| Q3 25 | 1.4% | 4.2% | ||
| Q2 25 | 1.7% | 3.1% | ||
| Q1 25 | 1.2% | 1.2% | ||
| Q4 24 | 2.1% | 2.9% | ||
| Q3 24 | 1.1% | 3.6% | ||
| Q2 24 | 1.8% | 5.6% | ||
| Q1 24 | 0.8% | 4.1% |
现金转化率CBOERXT
| Q4 25 | 1.12× | — | ||
| Q3 25 | 0.51× | — | ||
| Q2 25 | 1.42× | — | ||
| Q1 25 | 3.64× | — | ||
| Q4 24 | -3.62× | — | ||
| Q3 24 | -2.65× | — | ||
| Q2 24 | 10.64× | 0.96× | ||
| Q1 24 | 4.27× | — |
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
CBOE
| Liquidity Payments | $443.6M | 37% |
| Cash And Spot Markets | $431.3M | 36% |
| Transferred Over Time | $84.3M | 7% |
| Market Data Fees | $82.7M | 7% |
| Royalty Fees | $68.9M | 6% |
| Futures | $36.1M | 3% |
| Global FX | $24.4M | 2% |
| Other Revenue | $23.1M | 2% |
| Routing And Clearing | $20.1M | 2% |
RXT
| Public Cloud Services Segment | $442.2M | 65% |
| Private Cloud Service Segment | $240.6M | 35% |
