vs
CrowdStrike（CRWD）与RXO, Inc.（RXO）财务数据对比。点击上方公司名可切换其他公司
RXO, Inc.的季度营收约是CrowdStrike的1.2倍（$1.5B vs $1.2B），CrowdStrike净利率更高（-2.8% vs -3.1%，领先0.4%），CrowdStrike同比增速更快（22.2% vs -11.9%），CrowdStrike自由现金流更多（$314.1M vs $-9.0M），过去两年RXO, Inc.的营收复合增速更高（26.8% vs 20.8%）
CrowdStrike Holdings, Inc.是总部位于美国得克萨斯州奥斯汀的网络安全科技企业，核心业务涵盖终端安全防护、威胁情报提供与网络攻击响应服务，可为全球各行业客户有效应对各类网络安全风险，保障系统与数据安全。
RXO是总部位于美国的头部运输及物流解决方案供应商，核心业务覆盖货运经纪、大件商品最后一公里配送、运输管理服务与全链路供应链优化支持，主要服务北美制造业、零售业及电商领域的客户。
CRWD vs RXO — 直观对比
营收规模更大
RXO
是对方的1.2倍
$1.2B
营收增速更快
CRWD
高出34.1%
-11.9%
净利率更高
CRWD
高出0.4%
-3.1%
自由现金流更多
CRWD
多$323.1M
$-9.0M
两年增速更快
RXO
近两年复合增速
20.8%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $1.5B |
| 净利润 | $-34.0M | $-46.0M |
| 毛利率 | 75.1% | — |
| 营业利润率 | -5.6% | -2.9% |
| 净利率 | -2.8% | -3.1% |
| 营收同比 | 22.2% | -11.9% |
| 净利润同比 | -102.1% | -84.0% |
| 每股收益（稀释后） | $-0.14 | $-0.28 |
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CRWDRXO
| Q4 25 | $1.2B | $1.5B | ||
| Q3 25 | $1.2B | $1.4B | ||
| Q2 25 | $1.1B | $1.4B | ||
| Q1 25 | $1.1B | $1.4B | ||
| Q4 24 | $1.0B | $1.7B | ||
| Q3 24 | $963.9M | $1.0B | ||
| Q2 24 | $921.0M | $930.0M | ||
| Q1 24 | $845.3M | $913.0M |
净利润CRWDRXO
| Q4 25 | $-34.0M | $-46.0M | ||
| Q3 25 | $-77.7M | $-14.0M | ||
| Q2 25 | $-110.2M | $-9.0M | ||
| Q1 25 | $-92.3M | $-31.0M | ||
| Q4 24 | $-16.8M | $-25.0M | ||
| Q3 24 | $47.0M | $-243.0M | ||
| Q2 24 | $42.8M | $-7.0M | ||
| Q1 24 | $53.7M | $-15.0M |
毛利率CRWDRXO
| Q4 25 | 75.1% | — | ||
| Q3 25 | 73.5% | — | ||
| Q2 25 | 73.8% | — | ||
| Q1 25 | 74.1% | — | ||
| Q4 24 | 74.7% | — | ||
| Q3 24 | 75.4% | — | ||
| Q2 24 | 75.6% | — | ||
| Q1 24 | 75.3% | — |
营业利润率CRWDRXO
| Q4 25 | -5.6% | -2.9% | ||
| Q3 25 | -9.7% | -0.5% | ||
| Q2 25 | -11.3% | — | ||
| Q1 25 | -8.1% | -2.1% | ||
| Q4 24 | -5.5% | -1.4% | ||
| Q3 24 | 1.4% | -1.9% | ||
| Q2 24 | 0.8% | — | ||
| Q1 24 | 3.5% | -1.3% |
净利率CRWDRXO
| Q4 25 | -2.8% | -3.1% | ||
| Q3 25 | -6.6% | -1.0% | ||
| Q2 25 | -10.0% | -0.6% | ||
| Q1 25 | -8.7% | -2.2% | ||
| Q4 24 | -1.7% | -1.5% | ||
| Q3 24 | 4.9% | -23.4% | ||
| Q2 24 | 4.6% | -0.8% | ||
| Q1 24 | 6.4% | -1.6% |
每股收益（稀释后）CRWDRXO
| Q4 25 | $-0.14 | $-0.28 | ||
| Q3 25 | $-0.31 | $-0.08 | ||
| Q2 25 | $-0.44 | $-0.05 | ||
| Q1 25 | $-0.37 | $-0.18 | ||
| Q4 24 | $-0.07 | $-0.17 | ||
| Q3 24 | $0.19 | $-1.81 | ||
| Q2 24 | $0.17 | $-0.06 | ||
| Q1 24 | $0.23 | $-0.13 |
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 | $4.8B | $17.0M |
| 总债务越低越好 | — | $387.0M |
| 股东权益账面价值 | $4.0B | $1.5B |
| 总资产 | $10.0B | $3.3B |
| 负债/权益比越低杠杆越低 | — | 0.25× |
8季度趋势，按日历期对齐
现金及短期投资CRWDRXO
| Q4 25 | $4.8B | $17.0M | ||
| Q3 25 | $5.0B | $25.0M | ||
| Q2 25 | $4.6B | $18.0M | ||
| Q1 25 | $4.3B | $16.0M | ||
| Q4 24 | $4.3B | $35.0M | ||
| Q3 24 | $4.0B | $55.0M | ||
| Q2 24 | $3.7B | $7.0M | ||
| Q1 24 | $3.5B | $7.0M |
总债务CRWDRXO
| Q4 25 | — | $387.0M | ||
| Q3 25 | — | $387.0M | ||
| Q2 25 | — | $387.0M | ||
| Q1 25 | — | $387.0M | ||
| Q4 24 | — | $351.0M | ||
| Q3 24 | — | $352.0M | ||
| Q2 24 | — | $370.0M | ||
| Q1 24 | — | $351.0M |
股东权益CRWDRXO
| Q4 25 | $4.0B | $1.5B | ||
| Q3 25 | $3.8B | $1.6B | ||
| Q2 25 | $3.5B | $1.6B | ||
| Q1 25 | $3.3B | $1.6B | ||
| Q4 24 | $3.1B | $1.6B | ||
| Q3 24 | $2.9B | $1.7B | ||
| Q2 24 | $2.5B | $579.0M | ||
| Q1 24 | $2.3B | $582.0M |
总资产CRWDRXO
| Q4 25 | $10.0B | $3.3B | ||
| Q3 25 | $9.3B | $3.2B | ||
| Q2 25 | $8.7B | $3.2B | ||
| Q1 25 | $8.7B | $3.3B | ||
| Q4 24 | $7.8B | $3.4B | ||
| Q3 24 | $7.2B | $3.4B | ||
| Q2 24 | $6.8B | $1.8B | ||
| Q1 24 | $6.6B | $1.8B |
负债/权益比CRWDRXO
| Q4 25 | — | 0.25× | ||
| Q3 25 | — | 0.24× | ||
| Q2 25 | — | 0.24× | ||
| Q1 25 | — | 0.24× | ||
| Q4 24 | — | 0.22× | ||
| Q3 24 | — | 0.21× | ||
| Q2 24 | — | 0.64× | ||
| Q1 24 | — | 0.60× |
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 | $397.5M | $7.0M |
| 自由现金流经营现金流 - 资本支出 | $314.1M | $-9.0M |
| 自由现金流率自由现金流/营收 | 25.5% | -0.6% |
| 资本支出强度资本支出/营收 | 6.8% | 1.1% |
| 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 | $1.2B | $-8.0M |
8季度趋势，按日历期对齐
经营现金流CRWDRXO
| Q4 25 | $397.5M | $7.0M | ||
| Q3 25 | $332.8M | $23.0M | ||
| Q2 25 | $384.1M | $23.0M | ||
| Q1 25 | $345.7M | $-2.0M | ||
| Q4 24 | $326.1M | $-7.0M | ||
| Q3 24 | $326.6M | $-7.0M | ||
| Q2 24 | $383.2M | $-5.0M | ||
| Q1 24 | $347.0M | $7.0M |
自由现金流CRWDRXO
| Q4 25 | $314.1M | $-9.0M | ||
| Q3 25 | $302.3M | $9.0M | ||
| Q2 25 | $298.4M | $9.0M | ||
| Q1 25 | $258.5M | $-17.0M | ||
| Q4 24 | $247.4M | $-19.0M | ||
| Q3 24 | $287.4M | $-18.0M | ||
| Q2 24 | $333.5M | $-16.0M | ||
| Q1 24 | $294.4M | $-4.0M |
自由现金流率CRWDRXO
| Q4 25 | 25.5% | -0.6% | ||
| Q3 25 | 25.9% | 0.6% | ||
| Q2 25 | 27.0% | 0.6% | ||
| Q1 25 | 24.4% | -1.2% | ||
| Q4 24 | 24.5% | -1.1% | ||
| Q3 24 | 29.8% | -1.7% | ||
| Q2 24 | 36.2% | -1.7% | ||
| Q1 24 | 34.8% | -0.4% |
资本支出强度CRWDRXO
| Q4 25 | 6.8% | 1.1% | ||
| Q3 25 | 2.6% | 1.0% | ||
| Q2 25 | 7.8% | 1.0% | ||
| Q1 25 | 8.2% | 1.0% | ||
| Q4 24 | 7.8% | 0.7% | ||
| Q3 24 | 4.1% | 1.1% | ||
| Q2 24 | 5.4% | 1.2% | ||
| Q1 24 | 6.2% | 1.2% |
现金转化率CRWDRXO
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 6.95× | — | ||
| Q2 24 | 8.95× | — | ||
| Q1 24 | 6.46× | — |
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
CRWD
| Subscription And Circulation | $1.2B | 95% |
| Professional Services | $65.5M | 5% |
RXO
| Retail Sector | $546.0M | 37% |
| Last Mile | $298.0M | 20% |
| Food And Beverage Sector | $225.0M | 15% |
| Other Sector | $185.0M | 13% |
| Managed Transportation | $133.0M | 9% |
| Automotive Sector | $93.0M | 6% |
