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DROPBOX, INC.（DBX）与Rithm Capital Corp.（RITM）财务数据对比。点击上方公司名可切换其他公司
Rithm Capital Corp.的季度营收约是DROPBOX, INC.的1.3倍（$828.2M vs $636.2M），DROPBOX, INC.净利率更高（17.1% vs 13.2%，领先3.9%），Rithm Capital Corp.同比增速更快（508.5% vs -1.1%），过去两年DROPBOX, INC.的营收复合增速更高（0.4% vs -17.9%）
Dropbox是总部位于美国加利福尼亚州旧金山的云服务企业，2007年由麻省理工学院学生德鲁·休斯顿与阿拉什·费尔多西创立，初创阶段获得创业孵化器Y Combinator的种子投资，核心业务包含云存储、文件同步、个人云及配套客户端软件等服务。
Rithm Capital Corp.是总部位于美国纽约的投资管理机构，核心业务聚焦房地产投资与另类资产投资，依托专业的投研团队和成熟的市场运营经验，为合作伙伴及投资者提供优质的资产配置解决方案与长期收益回报。
DBX vs RITM — 直观对比
营收规模更大
RITM
是对方的1.3倍
$636.2M
营收增速更快
RITM
高出509.6%
-1.1%
净利率更高
DBX
高出3.9%
13.2%
两年增速更快
DBX
近两年复合增速
-17.9%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $636.2M | $828.2M |
| 净利润 | $108.7M | $109.5M |
| 毛利率 | 79.2% | — |
| 营业利润率 | 25.5% | 29.9% |
| 净利率 | 17.1% | 13.2% |
| 营收同比 | -1.1% | 508.5% |
| 净利润同比 | 5.7% | 27.7% |
| 每股收益（稀释后） | $0.43 | $0.12 |
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DBXRITM
| Q1 26 | — | $828.2M | ||
| Q4 25 | $636.2M | $1.5B | ||
| Q3 25 | $634.4M | $1.1B | ||
| Q2 25 | $625.7M | $1.2B | ||
| Q1 25 | $624.7M | $768.4M | ||
| Q4 24 | $643.6M | $2.1B | ||
| Q3 24 | $638.8M | $619.5M | ||
| Q2 24 | $634.5M | $1.2B |
净利润DBXRITM
| Q1 26 | — | $109.5M | ||
| Q4 25 | $108.7M | $85.0M | ||
| Q3 25 | $123.8M | $221.5M | ||
| Q2 25 | $125.6M | $311.7M | ||
| Q1 25 | $150.3M | $78.8M | ||
| Q4 24 | $102.8M | $290.2M | ||
| Q3 24 | $106.7M | $121.7M | ||
| Q2 24 | $110.5M | $235.6M |
毛利率DBXRITM
| Q1 26 | — | — | ||
| Q4 25 | 79.2% | — | ||
| Q3 25 | 79.8% | — | ||
| Q2 25 | 80.2% | — | ||
| Q1 25 | 81.3% | — | ||
| Q4 24 | 81.2% | — | ||
| Q3 24 | 82.5% | — | ||
| Q2 24 | 83.1% | — |
营业利润率DBXRITM
| Q1 26 | — | 29.9% | ||
| Q4 25 | 25.5% | 13.8% | ||
| Q3 25 | 27.5% | 21.4% | ||
| Q2 25 | 26.9% | 25.2% | ||
| Q1 25 | 29.4% | 7.4% | ||
| Q4 24 | 13.7% | 23.8% | ||
| Q3 24 | 20.0% | 7.3% | ||
| Q2 24 | 20.0% | 23.6% |
净利率DBXRITM
| Q1 26 | — | 13.2% | ||
| Q4 25 | 17.1% | 5.7% | ||
| Q3 25 | 19.5% | 20.0% | ||
| Q2 25 | 20.1% | 25.6% | ||
| Q1 25 | 24.1% | 10.3% | ||
| Q4 24 | 16.0% | 14.0% | ||
| Q3 24 | 16.7% | 19.7% | ||
| Q2 24 | 17.4% | 19.2% |
每股收益（稀释后）DBXRITM
| Q1 26 | — | $0.12 | ||
| Q4 25 | $0.43 | $0.09 | ||
| Q3 25 | $0.47 | $0.35 | ||
| Q2 25 | $0.45 | $0.53 | ||
| Q1 25 | $0.51 | $0.07 | ||
| Q4 24 | $0.33 | $0.50 | ||
| Q3 24 | $0.34 | $0.20 | ||
| Q2 24 | $0.34 | $0.43 |
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 | $891.3M | — |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $-1.8B | $9.1B |
| 总资产 | $2.8B | $53.4B |
| 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DBXRITM
| Q1 26 | — | — | ||
| Q4 25 | $891.3M | $1.8B | ||
| Q3 25 | $730.7M | $1.6B | ||
| Q2 25 | $736.3M | $1.6B | ||
| Q1 25 | $942.2M | $1.5B | ||
| Q4 24 | $1.3B | $1.5B | ||
| Q3 24 | $517.6M | $1.6B | ||
| Q2 24 | $515.1M | $1.2B |
总债务DBXRITM
| Q1 26 | — | — | ||
| Q4 25 | — | $35.4B | ||
| Q3 25 | — | $32.2B | ||
| Q2 25 | — | $31.2B | ||
| Q1 25 | — | $32.2B | ||
| Q4 24 | — | $32.6B | ||
| Q3 24 | — | $29.6B | ||
| Q2 24 | — | $30.1B |
股东权益DBXRITM
| Q1 26 | — | $9.1B | ||
| Q4 25 | $-1.8B | $8.4B | ||
| Q3 25 | $-1.5B | $8.5B | ||
| Q2 25 | $-1.3B | $7.9B | ||
| Q1 25 | $-1.1B | $7.8B | ||
| Q4 24 | $-752.4M | $7.8B | ||
| Q3 24 | $-546.1M | $7.7B | ||
| Q2 24 | $-371.3M | $7.3B |
总资产DBXRITM
| Q1 26 | — | $53.4B | ||
| Q4 25 | $2.8B | $53.1B | ||
| Q3 25 | $2.8B | $47.2B | ||
| Q2 25 | $2.8B | $44.3B | ||
| Q1 25 | $3.0B | $45.3B | ||
| Q4 24 | $3.3B | $46.0B | ||
| Q3 24 | $2.6B | $42.3B | ||
| Q2 24 | $2.7B | $42.0B |
负债/权益比DBXRITM
| Q1 26 | — | — | ||
| Q4 25 | — | 4.20× | ||
| Q3 25 | — | 3.79× | ||
| Q2 25 | — | 3.92× | ||
| Q1 25 | — | 4.14× | ||
| Q4 24 | — | 4.18× | ||
| Q3 24 | — | 3.87× | ||
| Q2 24 | — | 4.10× |
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 | $235.4M | — |
| 自由现金流经营现金流 - 资本支出 | $224.9M | — |
| 自由现金流率自由现金流/营收 | 35.4% | — |
| 资本支出强度资本支出/营收 | 1.7% | — |
| 现金转化率经营现金流/净利润 | 2.17× | — |
| 过去12个月自由现金流最近4个季度 | $930.8M | — |
8季度趋势，按日历期对齐
经营现金流DBXRITM
| Q1 26 | — | — | ||
| Q4 25 | $235.4M | $-114.6M | ||
| Q3 25 | $302.1M | $-2.0B | ||
| Q2 25 | $260.5M | $-557.1M | ||
| Q1 25 | $153.8M | $1.4B | ||
| Q4 24 | $213.8M | $-1.8B | ||
| Q3 24 | $274.2M | $768.1M | ||
| Q2 24 | $230.6M | $-55.7M |
自由现金流DBXRITM
| Q1 26 | — | — | ||
| Q4 25 | $224.9M | — | ||
| Q3 25 | $293.7M | — | ||
| Q2 25 | $258.5M | — | ||
| Q1 25 | $153.7M | — | ||
| Q4 24 | $210.5M | — | ||
| Q3 24 | $270.1M | — | ||
| Q2 24 | $224.7M | — |
自由现金流率DBXRITM
| Q1 26 | — | — | ||
| Q4 25 | 35.4% | — | ||
| Q3 25 | 46.3% | — | ||
| Q2 25 | 41.3% | — | ||
| Q1 25 | 24.6% | — | ||
| Q4 24 | 32.7% | — | ||
| Q3 24 | 42.3% | — | ||
| Q2 24 | 35.4% | — |
资本支出强度DBXRITM
| Q1 26 | — | — | ||
| Q4 25 | 1.7% | — | ||
| Q3 25 | 1.3% | — | ||
| Q2 25 | 0.3% | — | ||
| Q1 25 | 0.0% | — | ||
| Q4 24 | 0.5% | — | ||
| Q3 24 | 0.6% | — | ||
| Q2 24 | 0.9% | — |
现金转化率DBXRITM
| Q1 26 | — | — | ||
| Q4 25 | 2.17× | -1.35× | ||
| Q3 25 | 2.44× | -9.22× | ||
| Q2 25 | 2.07× | -1.79× | ||
| Q1 25 | 1.02× | 18.03× | ||
| Q4 24 | 2.08× | -6.04× | ||
| Q3 24 | 2.57× | 6.31× | ||
| Q2 24 | 2.09× | -0.24× |
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
DBX
| US | $355.3M | 56% |
| Non Us | $280.9M | 44% |
RITM
| Servicing revenue, net | $375.1M | 45% |
| Other | $234.9M | 28% |
| Gain on originated residential mortgage loans, held-for-sale, net | $195.0M | 24% |
| Other revenue | $23.3M | 3% |
