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美商海盗船（CRSR）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.的季度营收约是美商海盗船的1.6倍（$682.8M vs $436.9M），美商海盗船净利率更高（5.9% vs -4.8%，领先10.7%），美商海盗船同比增速更快（5.6% vs -0.4%），Rackspace Technology, Inc.自由现金流更多（$56.0M vs $32.9M），过去两年美商海盗船的营收复合增速更高（13.8% vs -0.6%）
美商海盗船是源自美国的电脑外设与电竞硬件品牌，总部位于加利福尼亚州米尔皮塔斯。公司创立于1994年，原名海盗船微系统，后更名为海盗船组件、海盗船内存，2007年重新在特拉华州注册。主打产品涵盖高速内存模块、电源、闪存、CPU显卡与机箱散热、电竞外设、电脑机箱等各类电脑相关产品。
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。
CRSR vs RXT — 直观对比
营收规模更大
RXT
是对方的1.6倍
$436.9M
营收增速更快
CRSR
高出6.0%
-0.4%
净利率更高
CRSR
高出10.7%
-4.8%
自由现金流更多
RXT
多$23.1M
$32.9M
两年增速更快
CRSR
近两年复合增速
-0.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $436.9M | $682.8M |
| 净利润 | $25.8M | $-32.7M |
| 毛利率 | 33.1% | 17.6% |
| 营业利润率 | 6.2% | -0.5% |
| 净利率 | 5.9% | -4.8% |
| 营收同比 | 5.6% | -0.4% |
| 净利润同比 | 1028.2% | 41.6% |
| 每股收益（稀释后） | $0.23 | $-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CRSRRXT
| Q4 25 | $436.9M | $682.8M | ||
| Q3 25 | $345.8M | $671.2M | ||
| Q2 25 | $320.1M | $666.3M | ||
| Q1 25 | $369.8M | $665.4M | ||
| Q4 24 | $413.6M | $685.6M | ||
| Q3 24 | $304.2M | $675.8M | ||
| Q2 24 | $261.3M | $684.9M | ||
| Q1 24 | $337.3M | $690.8M |
净利润CRSRRXT
| Q4 25 | $25.8M | $-32.7M | ||
| Q3 25 | $-10.6M | $-67.1M | ||
| Q2 25 | $-20.9M | $-54.5M | ||
| Q1 25 | $-10.5M | $-71.5M | ||
| Q4 24 | $2.3M | $-56.0M | ||
| Q3 24 | $-51.7M | $-186.6M | ||
| Q2 24 | $-24.2M | $25.0M | ||
| Q1 24 | $-11.6M | $-640.6M |
毛利率CRSRRXT
| Q4 25 | 33.1% | 17.6% | ||
| Q3 25 | 26.9% | 19.4% | ||
| Q2 25 | 26.8% | 19.4% | ||
| Q1 25 | 27.7% | 19.1% | ||
| Q4 24 | 26.2% | 19.2% | ||
| Q3 24 | 22.9% | 20.3% | ||
| Q2 24 | 24.1% | 19.2% | ||
| Q1 24 | 25.7% | 19.2% |
营业利润率CRSRRXT
| Q4 25 | 6.2% | -0.5% | ||
| Q3 25 | -1.6% | -5.1% | ||
| Q2 25 | -5.3% | -3.8% | ||
| Q1 25 | -0.6% | -5.8% | ||
| Q4 24 | 1.4% | -4.2% | ||
| Q3 24 | -6.9% | -25.7% | ||
| Q2 24 | -9.5% | -7.9% | ||
| Q1 24 | -3.0% | -94.5% |
净利率CRSRRXT
| Q4 25 | 5.9% | -4.8% | ||
| Q3 25 | -3.1% | -10.0% | ||
| Q2 25 | -6.5% | -8.2% | ||
| Q1 25 | -2.8% | -10.7% | ||
| Q4 24 | 0.6% | -8.2% | ||
| Q3 24 | -17.0% | -27.6% | ||
| Q2 24 | -9.3% | 3.7% | ||
| Q1 24 | -3.4% | -92.7% |
每股收益（稀释后）CRSRRXT
| Q4 25 | $0.23 | $-0.13 | ||
| Q3 25 | $-0.09 | $-0.28 | ||
| Q2 25 | $-0.16 | $-0.23 | ||
| Q1 25 | $-0.10 | $-0.31 | ||
| Q4 24 | $0.01 | $-0.20 | ||
| Q3 24 | $-0.56 | $-0.82 | ||
| Q2 24 | $-0.28 | $0.11 | ||
| Q1 24 | $-0.12 | $-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 | — | $105.8M |
| 总债务越低越好 | $121.3M | $2.7B |
| 股东权益账面价值 | $633.6M | $-1.2B |
| 总资产 | $1.3B | $2.8B |
| 负债/权益比越低杠杆越低 | 0.19× | — |
8季度趋势，按日历期对齐
现金及短期投资CRSRRXT
| Q4 25 | — | $105.8M | ||
| Q3 25 | — | $99.5M | ||
| Q2 25 | — | $103.9M | ||
| Q1 25 | — | $128.0M | ||
| Q4 24 | — | $144.0M | ||
| Q3 24 | — | $157.1M | ||
| Q2 24 | — | $190.2M | ||
| Q1 24 | — | $282.6M |
总债务CRSRRXT
| Q4 25 | $121.3M | $2.7B | ||
| Q3 25 | $122.9M | $2.8B | ||
| Q2 25 | $124.4M | $2.8B | ||
| Q1 25 | $148.7M | $2.8B | ||
| Q4 24 | $173.5M | $2.8B | ||
| Q3 24 | $177.2M | $2.8B | ||
| Q2 24 | $180.3M | $2.9B | ||
| Q1 24 | $183.3M | $3.0B |
股东权益CRSRRXT
| Q4 25 | $633.6M | $-1.2B | ||
| Q3 25 | $600.2M | $-1.2B | ||
| Q2 25 | $603.9M | $-1.1B | ||
| Q1 25 | $608.8M | $-1.1B | ||
| Q4 24 | $604.3M | $-1.0B | ||
| Q3 24 | $598.5M | $-949.7M | ||
| Q2 24 | $642.7M | $-756.2M | ||
| Q1 24 | $663.5M | $-787.2M |
总资产CRSRRXT
| Q4 25 | $1.3B | $2.8B | ||
| Q3 25 | $1.2B | $2.8B | ||
| Q2 25 | $1.2B | $2.9B | ||
| Q1 25 | $1.2B | $3.0B | ||
| Q4 24 | $1.2B | $3.1B | ||
| Q3 24 | $1.2B | $3.1B | ||
| Q2 24 | $1.2B | $3.4B | ||
| Q1 24 | $1.3B | $3.5B |
负债/权益比CRSRRXT
| Q4 25 | 0.19× | — | ||
| Q3 25 | 0.20× | — | ||
| Q2 25 | 0.21× | — | ||
| Q1 25 | 0.24× | — | ||
| Q4 24 | 0.29× | — | ||
| Q3 24 | 0.30× | — | ||
| Q2 24 | 0.28× | — | ||
| Q1 24 | 0.28× | — |
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 | $38.2M | $59.7M |
| 自由现金流经营现金流 - 资本支出 | $32.9M | $56.0M |
| 自由现金流率自由现金流/营收 | 7.5% | 8.2% |
| 资本支出强度资本支出/营收 | 1.2% | 0.5% |
| 现金转化率经营现金流/净利润 | 1.48× | — |
| 过去12个月自由现金流最近4个季度 | $34.7M | $90.6M |
8季度趋势，按日历期对齐
经营现金流CRSRRXT
| Q4 25 | $38.2M | $59.7M | ||
| Q3 25 | $-37.0M | $70.7M | ||
| Q2 25 | $30.2M | $8.4M | ||
| Q1 25 | $18.8M | $12.6M | ||
| Q4 24 | $55.6M | $54.3M | ||
| Q3 24 | $25.1M | $51.8M | ||
| Q2 24 | $-18.5M | $24.1M | ||
| Q1 24 | $-26.3M | $-90.3M |
自由现金流CRSRRXT
| Q4 25 | $32.9M | $56.0M | ||
| Q3 25 | $-41.3M | $42.7M | ||
| Q2 25 | $27.5M | $-12.4M | ||
| Q1 25 | $15.7M | $4.3M | ||
| Q4 24 | $54.1M | $34.4M | ||
| Q3 24 | $21.8M | $27.3M | ||
| Q2 24 | $-21.0M | $-14.5M | ||
| Q1 24 | $-28.8M | $-118.4M |
自由现金流率CRSRRXT
| Q4 25 | 7.5% | 8.2% | ||
| Q3 25 | -12.0% | 6.4% | ||
| Q2 25 | 8.6% | -1.9% | ||
| Q1 25 | 4.2% | 0.6% | ||
| Q4 24 | 13.1% | 5.0% | ||
| Q3 24 | 7.2% | 4.0% | ||
| Q2 24 | -8.0% | -2.1% | ||
| Q1 24 | -8.6% | -17.1% |
资本支出强度CRSRRXT
| Q4 25 | 1.2% | 0.5% | ||
| Q3 25 | 1.3% | 4.2% | ||
| Q2 25 | 0.8% | 3.1% | ||
| Q1 25 | 0.8% | 1.2% | ||
| Q4 24 | 0.4% | 2.9% | ||
| Q3 24 | 1.1% | 3.6% | ||
| Q2 24 | 1.0% | 5.6% | ||
| Q1 24 | 0.7% | 4.1% |
现金转化率CRSRRXT
| Q4 25 | 1.48× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 24.30× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 0.96× | ||
| Q1 24 | — | — |
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
CRSR
| Gamer And Creator Peripherals | $164.9M | 38% |
| Memory Products | $156.1M | 36% |
| Inventory Costs | $85.6M | 20% |
| Other Segment Items | $16.9M | 4% |
| Other | $13.3M | 3% |
RXT
| Public Cloud Services Segment | $442.2M | 65% |
| Private Cloud Service Segment | $240.6M | 35% |
