vs
伊萨（ESAB）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
伊萨的季度营收约是Rackspace Technology, Inc.的1.1倍（$727.8M vs $682.8M），伊萨净利率更高（7.5% vs -4.8%，领先12.3%），伊萨同比增速更快（8.5% vs -0.4%），伊萨自由现金流更多（$70.3M vs $56.0M），过去两年伊萨的营收复合增速更高（2.8% vs -0.6%）
ESAB（全称Elektriska Svetsnings-Aktiebolaget）是一家美国与瑞典合资的跨国工业企业，主营焊接、切割设备及配套耗材的研发、生产与销售，为全球制造业、基建等多领域客户提供专业可靠的工业解决方案，在全球工业市场拥有较高知名度。
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。
ESAB vs RXT — 直观对比
营收规模更大
ESAB
是对方的1.1倍
$682.8M
营收增速更快
ESAB
高出8.9%
-0.4%
净利率更高
ESAB
高出12.3%
-4.8%
自由现金流更多
ESAB
多$14.3M
$56.0M
两年增速更快
ESAB
近两年复合增速
-0.6%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $727.8M | $682.8M |
| 净利润 | $54.8M | $-32.7M |
| 毛利率 | 37.0% | 17.6% |
| 营业利润率 | 14.6% | -0.5% |
| 净利率 | 7.5% | -4.8% |
| 营收同比 | 8.5% | -0.4% |
| 净利润同比 | 2.1% | 41.6% |
| 每股收益（稀释后） | $0.90 | $-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ESABRXT
| Q4 25 | $727.8M | $682.8M | ||
| Q3 25 | $715.6M | $671.2M | ||
| Q2 25 | $678.1M | $666.3M | ||
| Q1 25 | — | $665.4M | ||
| Q4 24 | $670.8M | $685.6M | ||
| Q3 24 | $673.3M | $675.8M | ||
| Q2 24 | $707.1M | $684.9M | ||
| Q1 24 | $689.7M | $690.8M |
净利润ESABRXT
| Q4 25 | $54.8M | $-32.7M | ||
| Q3 25 | $66.9M | $-67.1M | ||
| Q2 25 | $67.4M | $-54.5M | ||
| Q1 25 | — | $-71.5M | ||
| Q4 24 | $53.7M | $-56.0M | ||
| Q3 24 | $68.2M | $-186.6M | ||
| Q2 24 | $82.9M | $25.0M | ||
| Q1 24 | $60.0M | $-640.6M |
毛利率ESABRXT
| Q4 25 | 37.0% | 17.6% | ||
| Q3 25 | 37.2% | 19.4% | ||
| Q2 25 | 37.6% | 19.4% | ||
| Q1 25 | — | 19.1% | ||
| Q4 24 | 38.5% | 19.2% | ||
| Q3 24 | 37.7% | 20.3% | ||
| Q2 24 | 38.2% | 19.2% | ||
| Q1 24 | 37.0% | 19.2% |
营业利润率ESABRXT
| Q4 25 | 14.6% | -0.5% | ||
| Q3 25 | 15.2% | -5.1% | ||
| Q2 25 | 16.2% | -3.8% | ||
| Q1 25 | — | -5.8% | ||
| Q4 24 | 16.6% | -4.2% | ||
| Q3 24 | 15.7% | -25.7% | ||
| Q2 24 | 16.9% | -7.9% | ||
| Q1 24 | 16.0% | -94.5% |
净利率ESABRXT
| Q4 25 | 7.5% | -4.8% | ||
| Q3 25 | 9.3% | -10.0% | ||
| Q2 25 | 9.9% | -8.2% | ||
| Q1 25 | — | -10.7% | ||
| Q4 24 | 8.0% | -8.2% | ||
| Q3 24 | 10.1% | -27.6% | ||
| Q2 24 | 11.7% | 3.7% | ||
| Q1 24 | 8.7% | -92.7% |
每股收益（稀释后）ESABRXT
| Q4 25 | $0.90 | $-0.13 | ||
| Q3 25 | $1.09 | $-0.28 | ||
| Q2 25 | $1.10 | $-0.23 | ||
| Q1 25 | — | $-0.31 | ||
| Q4 24 | $0.87 | $-0.20 | ||
| Q3 24 | $1.11 | $-0.82 | ||
| Q2 24 | $1.35 | $0.11 | ||
| Q1 24 | $0.98 | $-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 | $218.2M | $105.8M |
| 总债务越低越好 | $1.3B | $2.7B |
| 股东权益账面价值 | $2.1B | $-1.2B |
| 总资产 | $4.9B | $2.8B |
| 负债/权益比越低杠杆越低 | 0.63× | — |
8季度趋势，按日历期对齐
现金及短期投资ESABRXT
| Q4 25 | $218.2M | $105.8M | ||
| Q3 25 | $258.2M | $99.5M | ||
| Q2 25 | $291.3M | $103.9M | ||
| Q1 25 | — | $128.0M | ||
| Q4 24 | $249.4M | $144.0M | ||
| Q3 24 | $253.7M | $157.1M | ||
| Q2 24 | $228.5M | $190.2M | ||
| Q1 24 | $76.5M | $282.6M |
总债务ESABRXT
| Q4 25 | $1.3B | $2.7B | ||
| Q3 25 | $1.1B | $2.8B | ||
| Q2 25 | $1.1B | $2.8B | ||
| Q1 25 | — | $2.8B | ||
| Q4 24 | $1.1B | $2.8B | ||
| Q3 24 | $1.1B | $2.8B | ||
| Q2 24 | $1.1B | $2.9B | ||
| Q1 24 | $992.8M | $3.0B |
股东权益ESABRXT
| Q4 25 | $2.1B | $-1.2B | ||
| Q3 25 | $2.1B | $-1.2B | ||
| Q2 25 | $1.9B | $-1.1B | ||
| Q1 25 | — | $-1.1B | ||
| Q4 24 | $1.8B | $-1.0B | ||
| Q3 24 | $1.8B | $-949.7M | ||
| Q2 24 | $1.7B | $-756.2M | ||
| Q1 24 | $1.6B | $-787.2M |
总资产ESABRXT
| Q4 25 | $4.9B | $2.8B | ||
| Q3 25 | $4.4B | $2.8B | ||
| Q2 25 | $4.2B | $2.9B | ||
| Q1 25 | — | $3.0B | ||
| Q4 24 | $4.0B | $3.1B | ||
| Q3 24 | $4.1B | $3.1B | ||
| Q2 24 | $4.0B | $3.4B | ||
| Q1 24 | $3.8B | $3.5B |
负债/权益比ESABRXT
| Q4 25 | 0.63× | — | ||
| Q3 25 | 0.51× | — | ||
| Q2 25 | 0.55× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.60× | — | ||
| Q3 24 | 0.59× | — | ||
| Q2 24 | 0.63× | — | ||
| Q1 24 | 0.61× | — |
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 | $81.5M | $59.7M |
| 自由现金流经营现金流 - 资本支出 | $70.3M | $56.0M |
| 自由现金流率自由现金流/营收 | 9.7% | 8.2% |
| 资本支出强度资本支出/营收 | 1.5% | 0.5% |
| 现金转化率经营现金流/净利润 | 1.49× | — |
| 过去12个月自由现金流最近4个季度 | $238.0M | $90.6M |
8季度趋势，按日历期对齐
经营现金流ESABRXT
| Q4 25 | $81.5M | $59.7M | ||
| Q3 25 | $46.6M | $70.7M | ||
| Q2 25 | $35.4M | $8.4M | ||
| Q1 25 | — | $12.6M | ||
| Q4 24 | $126.9M | $54.3M | ||
| Q3 24 | $101.0M | $51.8M | ||
| Q2 24 | $83.0M | $24.1M | ||
| Q1 24 | $44.5M | $-90.3M |
自由现金流ESABRXT
| Q4 25 | $70.3M | $56.0M | ||
| Q3 25 | $37.4M | $42.7M | ||
| Q2 25 | $28.1M | $-12.4M | ||
| Q1 25 | — | $4.3M | ||
| Q4 24 | $102.2M | $34.4M | ||
| Q3 24 | $90.4M | $27.3M | ||
| Q2 24 | $74.0M | $-14.5M | ||
| Q1 24 | $37.1M | $-118.4M |
自由现金流率ESABRXT
| Q4 25 | 9.7% | 8.2% | ||
| Q3 25 | 5.2% | 6.4% | ||
| Q2 25 | 4.1% | -1.9% | ||
| Q1 25 | — | 0.6% | ||
| Q4 24 | 15.2% | 5.0% | ||
| Q3 24 | 13.4% | 4.0% | ||
| Q2 24 | 10.5% | -2.1% | ||
| Q1 24 | 5.4% | -17.1% |
资本支出强度ESABRXT
| Q4 25 | 1.5% | 0.5% | ||
| Q3 25 | 1.3% | 4.2% | ||
| Q2 25 | 1.1% | 3.1% | ||
| Q1 25 | — | 1.2% | ||
| Q4 24 | 3.7% | 2.9% | ||
| Q3 24 | 1.6% | 3.6% | ||
| Q2 24 | 1.3% | 5.6% | ||
| Q1 24 | 1.1% | 4.1% |
现金转化率ESABRXT
| Q4 25 | 1.49× | — | ||
| Q3 25 | 0.70× | — | ||
| Q2 25 | 0.53× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 2.36× | — | ||
| Q3 24 | 1.48× | — | ||
| Q2 24 | 1.00× | 0.96× | ||
| Q1 24 | 0.74× | — |
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
ESAB
| Consumable Products | $477.9M | 66% |
| Equipment Products | $249.9M | 34% |
RXT
| Public Cloud Services Segment | $442.2M | 65% |
| Private Cloud Service Segment | $240.6M | 35% |
