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达美乐（DPZ）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
达美乐的季度营收约是Rackspace Technology, Inc.的1.7倍（$1.2B vs $682.8M），达美乐净利率更高（12.2% vs -4.8%，领先16.9%），达美乐同比增速更快（3.5% vs -0.4%），达美乐自由现金流更多（$147.0M vs $56.0M），过去两年达美乐的营收复合增速更高（2.4% vs -0.6%）
达美乐是1960年成立的美国跨国披萨连锁品牌，注册地位于特拉华州，总部坐落在密歇根州安娜堡附近的安娜堡镇达美乐农场办公园区。截至2018年，品牌已在全球83个国家和地区的5701座城市开设约15000家门店，其中美国、印度、英国分别有5649家、1500家和1249家门店。
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。
DPZ vs RXT — 直观对比
营收规模更大
DPZ
是对方的1.7倍
$682.8M
营收增速更快
DPZ
高出3.9%
-0.4%
净利率更高
DPZ
高出16.9%
-4.8%
自由现金流更多
DPZ
多$91.0M
$56.0M
两年增速更快
DPZ
近两年复合增速
-0.6%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $682.8M |
| 净利润 | $139.8M | $-32.7M |
| 毛利率 | 40.4% | 17.6% |
| 营业利润率 | 20.0% | -0.5% |
| 净利率 | 12.2% | -4.8% |
| 营收同比 | 3.5% | -0.4% |
| 净利润同比 | -6.6% | 41.6% |
| 每股收益（稀释后） | $4.13 | $-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DPZRXT
| Q1 26 | $1.2B | — | ||
| Q4 25 | — | $682.8M | ||
| Q3 25 | $1.1B | $671.2M | ||
| Q2 25 | $1.1B | $666.3M | ||
| Q1 25 | $1.1B | $665.4M | ||
| Q4 24 | $1.4B | $685.6M | ||
| Q3 24 | $1.1B | $675.8M | ||
| Q2 24 | $1.1B | $684.9M |
净利润DPZRXT
| Q1 26 | $139.8M | — | ||
| Q4 25 | — | $-32.7M | ||
| Q3 25 | $139.3M | $-67.1M | ||
| Q2 25 | $131.1M | $-54.5M | ||
| Q1 25 | $149.7M | $-71.5M | ||
| Q4 24 | $169.4M | $-56.0M | ||
| Q3 24 | $146.9M | $-186.6M | ||
| Q2 24 | $142.0M | $25.0M |
毛利率DPZRXT
| Q1 26 | 40.4% | — | ||
| Q4 25 | — | 17.6% | ||
| Q3 25 | 40.1% | 19.4% | ||
| Q2 25 | 40.3% | 19.4% | ||
| Q1 25 | 39.8% | 19.1% | ||
| Q4 24 | 39.2% | 19.2% | ||
| Q3 24 | 39.2% | 20.3% | ||
| Q2 24 | 39.8% | 19.2% |
营业利润率DPZRXT
| Q1 26 | 20.0% | — | ||
| Q4 25 | — | -0.5% | ||
| Q3 25 | 19.5% | -5.1% | ||
| Q2 25 | 19.7% | -3.8% | ||
| Q1 25 | 18.9% | -5.8% | ||
| Q4 24 | 19.0% | -4.2% | ||
| Q3 24 | 18.4% | -25.7% | ||
| Q2 24 | 17.9% | -7.9% |
净利率DPZRXT
| Q1 26 | 12.2% | — | ||
| Q4 25 | — | -4.8% | ||
| Q3 25 | 12.1% | -10.0% | ||
| Q2 25 | 11.4% | -8.2% | ||
| Q1 25 | 13.5% | -10.7% | ||
| Q4 24 | 11.7% | -8.2% | ||
| Q3 24 | 13.6% | -27.6% | ||
| Q2 24 | 12.9% | 3.7% |
每股收益（稀释后）DPZRXT
| Q1 26 | $4.13 | — | ||
| Q4 25 | — | $-0.13 | ||
| Q3 25 | $4.08 | $-0.28 | ||
| Q2 25 | $3.81 | $-0.23 | ||
| Q1 25 | $4.33 | $-0.31 | ||
| Q4 24 | $4.89 | $-0.20 | ||
| Q3 24 | $4.19 | $-0.82 | ||
| Q2 24 | $4.03 | $0.11 |
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 | $232.9M | $105.8M |
| 总债务越低越好 | $4.9B | $2.7B |
| 股东权益账面价值 | — | $-1.2B |
| 总资产 | $1.8B | $2.8B |
| 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DPZRXT
| Q1 26 | $232.9M | — | ||
| Q4 25 | — | $105.8M | ||
| Q3 25 | $139.7M | $99.5M | ||
| Q2 25 | $272.9M | $103.9M | ||
| Q1 25 | $304.3M | $128.0M | ||
| Q4 24 | $186.1M | $144.0M | ||
| Q3 24 | $189.1M | $157.1M | ||
| Q2 24 | $283.7M | $190.2M |
总债务DPZRXT
| Q1 26 | $4.9B | — | ||
| Q4 25 | — | $2.7B | ||
| Q3 25 | $4.8B | $2.8B | ||
| Q2 25 | $3.8B | $2.8B | ||
| Q1 25 | $3.8B | $2.8B | ||
| Q4 24 | $3.8B | $2.8B | ||
| Q3 24 | $5.0B | $2.8B | ||
| Q2 24 | $5.0B | $2.9B |
股东权益DPZRXT
| Q1 26 | — | — | ||
| Q4 25 | — | $-1.2B | ||
| Q3 25 | $-4.0B | $-1.2B | ||
| Q2 25 | $-4.0B | $-1.1B | ||
| Q1 25 | $-3.9B | $-1.1B | ||
| Q4 24 | $-4.0B | $-1.0B | ||
| Q3 24 | $-4.0B | $-949.7M | ||
| Q2 24 | $-3.9B | $-756.2M |
总资产DPZRXT
| Q1 26 | $1.8B | — | ||
| Q4 25 | — | $2.8B | ||
| Q3 25 | $1.7B | $2.8B | ||
| Q2 25 | $1.8B | $2.9B | ||
| Q1 25 | $1.9B | $3.0B | ||
| Q4 24 | $1.7B | $3.1B | ||
| Q3 24 | $1.8B | $3.1B | ||
| Q2 24 | $1.9B | $3.4B |
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 | $162.0M | $59.7M |
| 自由现金流经营现金流 - 资本支出 | $147.0M | $56.0M |
| 自由现金流率自由现金流/营收 | 12.8% | 8.2% |
| 资本支出强度资本支出/营收 | 1.3% | 0.5% |
| 现金转化率经营现金流/净利润 | 1.16× | — |
| 过去12个月自由现金流最近4个季度 | $625.3M | $90.6M |
8季度趋势，按日历期对齐
经营现金流DPZRXT
| Q1 26 | $162.0M | — | ||
| Q4 25 | — | $59.7M | ||
| Q3 25 | $185.4M | $70.7M | ||
| Q2 25 | $187.8M | $8.4M | ||
| Q1 25 | $179.1M | $12.6M | ||
| Q4 24 | $178.0M | $54.3M | ||
| Q3 24 | $172.7M | $51.8M | ||
| Q2 24 | $150.7M | $24.1M |
自由现金流DPZRXT
| Q1 26 | $147.0M | — | ||
| Q4 25 | — | $56.0M | ||
| Q3 25 | $164.0M | $42.7M | ||
| Q2 25 | $167.3M | $-12.4M | ||
| Q1 25 | $164.3M | $4.3M | ||
| Q4 24 | $135.9M | $34.4M | ||
| Q3 24 | $145.6M | $27.3M | ||
| Q2 24 | $127.2M | $-14.5M |
自由现金流率DPZRXT
| Q1 26 | 12.8% | — | ||
| Q4 25 | — | 8.2% | ||
| Q3 25 | 14.3% | 6.4% | ||
| Q2 25 | 14.6% | -1.9% | ||
| Q1 25 | 14.8% | 0.6% | ||
| Q4 24 | 9.4% | 5.0% | ||
| Q3 24 | 13.5% | 4.0% | ||
| Q2 24 | 11.6% | -2.1% |
资本支出强度DPZRXT
| Q1 26 | 1.3% | — | ||
| Q4 25 | — | 0.5% | ||
| Q3 25 | 1.9% | 4.2% | ||
| Q2 25 | 1.8% | 3.1% | ||
| Q1 25 | 1.3% | 1.2% | ||
| Q4 24 | 2.9% | 2.9% | ||
| Q3 24 | 2.5% | 3.6% | ||
| Q2 24 | 2.1% | 5.6% |
现金转化率DPZRXT
| Q1 26 | 1.16× | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 1.33× | — | ||
| Q2 25 | 1.43× | — | ||
| Q1 25 | 1.20× | — | ||
| Q4 24 | 1.05× | — | ||
| Q3 24 | 1.18× | — | ||
| Q2 24 | 1.06× | 0.96× |
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
DPZ
| Supply chain | $699.0M | 61% |
| U.S. franchise royalties and fees | $158.0M | 14% |
| U.S. franchise advertising | $130.5M | 11% |
| U.S. Company-owned stores | $82.1M | 7% |
| International franchise royalties and fees | $81.0M | 7% |
RXT
| Public Cloud Services Segment | $442.2M | 65% |
| Private Cloud Service Segment | $240.6M | 35% |
