vs
Corpay（CPAY）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
Corpay的季度营收约是Rackspace Technology, Inc.的1.8倍（$1.2B vs $682.8M），Corpay净利率更高（21.2% vs -4.8%，领先26.0%），Corpay同比增速更快（20.7% vs -0.4%），Corpay自由现金流更多（$760.3M vs $56.0M），过去两年Corpay的营收复合增速更高（15.5% vs -0.6%）
Corpay总部位于美国佐治亚州亚特兰大，是专业的支付与支出管理服务提供商，旗下系统及服务可帮助客户高效管控采购、支付全流程的相关费用，核心业务覆盖车辆相关支出、住宿支出及企业支付三大领域。
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。
CPAY vs RXT — 直观对比
营收规模更大
CPAY
是对方的1.8倍
$682.8M
营收增速更快
CPAY
高出21.1%
-0.4%
净利率更高
CPAY
高出26.0%
-4.8%
自由现金流更多
CPAY
多$704.3M
$56.0M
两年增速更快
CPAY
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 | $264.5M | $-32.7M |
| 毛利率 | — | 17.6% |
| 营业利润率 | 45.2% | -0.5% |
| 净利率 | 21.2% | -4.8% |
| 营收同比 | 20.7% | -0.4% |
| 净利润同比 | 7.5% | 41.6% |
| 每股收益（稀释后） | $3.74 | $-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CPAYRXT
| Q4 25 | $1.2B | $682.8M | ||
| Q3 25 | $1.2B | $671.2M | ||
| Q2 25 | $1.1B | $666.3M | ||
| Q1 25 | $1.0B | $665.4M | ||
| Q4 24 | $1.0B | $685.6M | ||
| Q3 24 | $1.0B | $675.8M | ||
| Q2 24 | $975.7M | $684.9M | ||
| Q1 24 | $935.3M | $690.8M |
净利润CPAYRXT
| Q4 25 | $264.5M | $-32.7M | ||
| Q3 25 | $277.9M | $-67.1M | ||
| Q2 25 | $284.2M | $-54.5M | ||
| Q1 25 | $243.2M | $-71.5M | ||
| Q4 24 | $246.0M | $-56.0M | ||
| Q3 24 | $276.4M | $-186.6M | ||
| Q2 24 | $251.6M | $25.0M | ||
| Q1 24 | $229.8M | $-640.6M |
毛利率CPAYRXT
| 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CPAYRXT
| Q4 25 | 45.2% | -0.5% | ||
| Q3 25 | 44.6% | -5.1% | ||
| Q2 25 | 43.5% | -3.8% | ||
| Q1 25 | 42.5% | -5.8% | ||
| Q4 24 | 47.2% | -4.2% | ||
| Q3 24 | 45.5% | -25.7% | ||
| Q2 24 | 44.4% | -7.9% | ||
| Q1 24 | 42.5% | -94.5% |
净利率CPAYRXT
| Q4 25 | 21.2% | -4.8% | ||
| Q3 25 | 23.7% | -10.0% | ||
| Q2 25 | 25.8% | -8.2% | ||
| Q1 25 | 24.2% | -10.7% | ||
| Q4 24 | 23.8% | -8.2% | ||
| Q3 24 | 26.9% | -27.6% | ||
| Q2 24 | 25.8% | 3.7% | ||
| Q1 24 | 24.6% | -92.7% |
每股收益（稀释后）CPAYRXT
| Q4 25 | $3.74 | $-0.13 | ||
| Q3 25 | $3.91 | $-0.28 | ||
| Q2 25 | $3.98 | $-0.23 | ||
| Q1 25 | $3.40 | $-0.31 | ||
| Q4 24 | $3.43 | $-0.20 | ||
| Q3 24 | $3.90 | $-0.82 | ||
| Q2 24 | $3.52 | $0.11 | ||
| Q1 24 | $3.12 | $-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 | $2.4B | $105.8M |
| 总债务越低越好 | $10.0B | $2.7B |
| 股东权益账面价值 | $3.9B | $-1.2B |
| 总资产 | $26.4B | $2.8B |
| 负债/权益比越低杠杆越低 | 2.58× | — |
8季度趋势，按日历期对齐
现金及短期投资CPAYRXT
| Q4 25 | $2.4B | $105.8M | ||
| Q3 25 | $2.0B | $99.5M | ||
| Q2 25 | $2.2B | $103.9M | ||
| Q1 25 | $1.6B | $128.0M | ||
| Q4 24 | $1.6B | $144.0M | ||
| Q3 24 | $1.3B | $157.1M | ||
| Q2 24 | $1.4B | $190.2M | ||
| Q1 24 | $1.3B | $282.6M |
总债务CPAYRXT
| Q4 25 | $10.0B | $2.7B | ||
| Q3 25 | $8.1B | $2.8B | ||
| Q2 25 | $8.1B | $2.8B | ||
| Q1 25 | $8.2B | $2.8B | ||
| Q4 24 | $8.0B | $2.8B | ||
| Q3 24 | — | $2.8B | ||
| Q2 24 | — | $2.9B | ||
| Q1 24 | — | $3.0B |
股东权益CPAYRXT
| Q4 25 | $3.9B | $-1.2B | ||
| Q3 25 | $4.1B | $-1.2B | ||
| Q2 25 | $3.9B | $-1.1B | ||
| Q1 25 | $3.5B | $-1.1B | ||
| Q4 24 | $3.1B | $-1.0B | ||
| Q3 24 | $3.1B | $-949.7M | ||
| Q2 24 | $2.8B | $-756.2M | ||
| Q1 24 | $3.3B | $-787.2M |
总资产CPAYRXT
| Q4 25 | $26.4B | $2.8B | ||
| Q3 25 | $19.7B | $2.8B | ||
| Q2 25 | $20.4B | $2.9B | ||
| Q1 25 | $18.5B | $3.0B | ||
| Q4 24 | $18.0B | $3.1B | ||
| Q3 24 | $17.6B | $3.1B | ||
| Q2 24 | $16.2B | $3.4B | ||
| Q1 24 | $15.8B | $3.5B |
负债/权益比CPAYRXT
| Q4 25 | 2.58× | — | ||
| Q3 25 | 1.99× | — | ||
| Q2 25 | 2.07× | — | ||
| Q1 25 | 2.37× | — | ||
| Q4 24 | 2.56× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $812.7M | $59.7M |
| 自由现金流经营现金流 - 资本支出 | $760.3M | $56.0M |
| 自由现金流率自由现金流/营收 | 60.9% | 8.2% |
| 资本支出强度资本支出/营收 | 4.2% | 0.5% |
| 现金转化率经营现金流/净利润 | 3.07× | — |
| 过去12个月自由现金流最近4个季度 | $1.3B | $90.6M |
8季度趋势，按日历期对齐
经营现金流CPAYRXT
| Q4 25 | $812.7M | $59.7M | ||
| Q3 25 | $-378.9M | $70.7M | ||
| Q2 25 | $1.1B | $8.4M | ||
| Q1 25 | $-74.2M | $12.6M | ||
| Q4 24 | $648.7M | $54.3M | ||
| Q3 24 | $400.8M | $51.8M | ||
| Q2 24 | $540.9M | $24.1M | ||
| Q1 24 | $350.2M | $-90.3M |
自由现金流CPAYRXT
| Q4 25 | $760.3M | $56.0M | ||
| Q3 25 | $-429.8M | $42.7M | ||
| Q2 25 | $1.1B | $-12.4M | ||
| Q1 25 | $-118.9M | $4.3M | ||
| Q4 24 | $604.6M | $34.4M | ||
| Q3 24 | $355.0M | $27.3M | ||
| Q2 24 | $496.8M | $-14.5M | ||
| Q1 24 | $309.0M | $-118.4M |
自由现金流率CPAYRXT
| Q4 25 | 60.9% | 8.2% | ||
| Q3 25 | -36.7% | 6.4% | ||
| Q2 25 | 98.7% | -1.9% | ||
| Q1 25 | -11.8% | 0.6% | ||
| Q4 24 | 58.4% | 5.0% | ||
| Q3 24 | 34.5% | 4.0% | ||
| Q2 24 | 50.9% | -2.1% | ||
| Q1 24 | 33.0% | -17.1% |
资本支出强度CPAYRXT
| Q4 25 | 4.2% | 0.5% | ||
| Q3 25 | 4.3% | 4.2% | ||
| Q2 25 | 4.8% | 3.1% | ||
| Q1 25 | 4.5% | 1.2% | ||
| Q4 24 | 4.3% | 2.9% | ||
| Q3 24 | 4.4% | 3.6% | ||
| Q2 24 | 4.5% | 5.6% | ||
| Q1 24 | 4.4% | 4.1% |
现金转化率CPAYRXT
| Q4 25 | 3.07× | — | ||
| Q3 25 | -1.36× | — | ||
| Q2 25 | 4.01× | — | ||
| Q1 25 | -0.30× | — | ||
| Q4 24 | 2.64× | — | ||
| Q3 24 | 1.45× | — | ||
| Q2 24 | 2.15× | 0.96× | ||
| Q1 24 | 1.52× | — |
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
CPAY
| Vehicle Payments | $572.9M | 46% |
| Corporate Payments | $480.8M | 39% |
| Lodging Payments | $112.5M | 9% |
| Other Operating Segments | $82.1M | 7% |
RXT
| Public Cloud Services Segment | $442.2M | 65% |
| Private Cloud Service Segment | $240.6M | 35% |
