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Global Business Travel Group, Inc.（GBTG）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
Global Business Travel Group, Inc.的季度营收约是Rackspace Technology, Inc.的1.2倍（$792.0M vs $682.8M），Global Business Travel Group, Inc.净利率更高（10.5% vs -4.8%，领先15.3%），Global Business Travel Group, Inc.同比增速更快（34.0% vs -0.4%），Rackspace Technology, Inc.自由现金流更多（$56.0M vs $13.0M），过去两年Global Business Travel Group, Inc.的营收复合增速更高（13.9% vs -0.6%）
环球商旅集团（GBTG）是专业的差旅管理服务商，致力于为各类企业及机构提供全链路商务出行解决方案。核心服务涵盖智能线上预订工具、移动端应用、差旅项目管控与咨询、高管专属出行服务、会议活动支持、差旅数据分析以及出行安全保障等，可满足不同规模客户的多元化商务出行管理需求。
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。
GBTG vs RXT — 直观对比
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $792.0M | $682.8M |
| 净利润 | $83.0M | $-32.7M |
| 毛利率 | — | 17.6% |
| 营业利润率 | 3.7% | -0.5% |
| 净利率 | 10.5% | -4.8% |
| 营收同比 | 34.0% | -0.4% |
| 净利润同比 | 692.9% | 41.6% |
| 每股收益（稀释后） | $0.16 | $-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
| Q4 25 | $792.0M | $682.8M | ||
| Q3 25 | $674.0M | $671.2M | ||
| Q2 25 | $631.0M | $666.3M | ||
| Q1 25 | $621.0M | $665.4M | ||
| Q4 24 | $591.0M | $685.6M | ||
| Q3 24 | $597.0M | $675.8M | ||
| Q2 24 | $625.0M | $684.9M | ||
| Q1 24 | $610.0M | $690.8M |
| Q4 25 | $83.0M | $-32.7M | ||
| Q3 25 | $-62.0M | $-67.1M | ||
| Q2 25 | $15.0M | $-54.5M | ||
| Q1 25 | $75.0M | $-71.5M | ||
| Q4 24 | $-14.0M | $-56.0M | ||
| Q3 24 | $-128.0M | $-186.6M | ||
| Q2 24 | $27.0M | $25.0M | ||
| Q1 24 | $-19.0M | $-640.6M |
| Q4 25 | — | 17.6% | ||
| Q3 25 | — | 19.4% | ||
| Q2 25 | — | 19.4% | ||
| Q1 25 | — | 19.1% | ||
| Q4 24 | — | 19.2% | ||
| Q3 24 | — | 20.3% | ||
| Q2 24 | — | 19.2% | ||
| Q1 24 | — | 19.2% |
| Q4 25 | 3.7% | -0.5% | ||
| Q3 25 | 1.8% | -5.1% | ||
| Q2 25 | 5.4% | -3.8% | ||
| Q1 25 | 8.9% | -5.8% | ||
| Q4 24 | 5.1% | -4.2% | ||
| Q3 24 | 4.5% | -25.7% | ||
| Q2 24 | 6.7% | -7.9% | ||
| Q1 24 | 2.6% | -94.5% |
| Q4 25 | 10.5% | -4.8% | ||
| Q3 25 | -9.2% | -10.0% | ||
| Q2 25 | 2.4% | -8.2% | ||
| Q1 25 | 12.1% | -10.7% | ||
| Q4 24 | -2.4% | -8.2% | ||
| Q3 24 | -21.4% | -27.6% | ||
| Q2 24 | 4.3% | 3.7% | ||
| Q1 24 | -3.1% | -92.7% |
| Q4 25 | $0.16 | $-0.13 | ||
| Q3 25 | $-0.13 | $-0.28 | ||
| Q2 25 | $0.03 | $-0.23 | ||
| Q1 25 | $0.16 | $-0.31 | ||
| Q4 24 | $-0.04 | $-0.20 | ||
| Q3 24 | $-0.28 | $-0.82 | ||
| Q2 24 | $0.06 | $0.11 | ||
| Q1 24 | $-0.04 | $-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 | $434.0M | $105.8M |
| 总债务越低越好 | $1.4B | $2.7B |
| 股东权益账面价值 | $1.6B | $-1.2B |
| 总资产 | $4.9B | $2.8B |
| 负债/权益比越低杠杆越低 | 0.88× | — |
8季度趋势，按日历期对齐
| Q4 25 | $434.0M | $105.8M | ||
| Q3 25 | $427.0M | $99.5M | ||
| Q2 25 | $601.0M | $103.9M | ||
| Q1 25 | $552.0M | $128.0M | ||
| Q4 24 | $536.0M | $144.0M | ||
| Q3 24 | $524.0M | $157.1M | ||
| Q2 24 | $515.0M | $190.2M | ||
| Q1 24 | $475.0M | $282.6M |
| Q4 25 | $1.4B | $2.7B | ||
| Q3 25 | $1.4B | $2.8B | ||
| Q2 25 | $1.4B | $2.8B | ||
| Q1 25 | $1.4B | $2.8B | ||
| Q4 24 | $1.4B | $2.8B | ||
| Q3 24 | $1.4B | $2.8B | ||
| Q2 24 | — | $2.9B | ||
| Q1 24 | — | $3.0B |
| Q4 25 | $1.6B | $-1.2B | ||
| Q3 25 | $1.5B | $-1.2B | ||
| Q2 25 | $1.2B | $-1.1B | ||
| Q1 25 | $1.1B | $-1.1B | ||
| Q4 24 | $1.1B | $-1.0B | ||
| Q3 24 | $1.1B | $-949.7M | ||
| Q2 24 | $1.2B | $-756.2M | ||
| Q1 24 | $1.2B | $-787.2M |
| Q4 25 | $4.9B | $2.8B | ||
| Q3 25 | $4.8B | $2.8B | ||
| Q2 25 | $3.9B | $2.9B | ||
| Q1 25 | $3.8B | $3.0B | ||
| Q4 24 | $3.6B | $3.1B | ||
| Q3 24 | $3.8B | $3.1B | ||
| Q2 24 | $3.8B | $3.4B | ||
| Q1 24 | $3.8B | $3.5B |
| Q4 25 | 0.88× | — | ||
| Q3 25 | 0.91× | — | ||
| Q2 25 | 1.15× | — | ||
| Q1 25 | 1.23× | — | ||
| Q4 24 | 1.32× | — | ||
| Q3 24 | 1.26× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $52.0M | $59.7M |
| 自由现金流经营现金流 - 资本支出 | $13.0M | $56.0M |
| 自由现金流率自由现金流/营收 | 1.6% | 8.2% |
| 资本支出强度资本支出/营收 | 4.9% | 0.5% |
| 现金转化率经营现金流/净利润 | 0.63× | — |
| 过去12个月自由现金流最近4个季度 | $104.0M | $90.6M |
8季度趋势，按日历期对齐
| Q4 25 | $52.0M | $59.7M | ||
| Q3 25 | $71.0M | $70.7M | ||
| Q2 25 | $57.0M | $8.4M | ||
| Q1 25 | $53.0M | $12.6M | ||
| Q4 24 | $65.0M | $54.3M | ||
| Q3 24 | $85.0M | $51.8M | ||
| Q2 24 | $73.0M | $24.1M | ||
| Q1 24 | $49.0M | $-90.3M |
| Q4 25 | $13.0M | $56.0M | ||
| Q3 25 | $38.0M | $42.7M | ||
| Q2 25 | $27.0M | $-12.4M | ||
| Q1 25 | $26.0M | $4.3M | ||
| Q4 24 | $33.0M | $34.4M | ||
| Q3 24 | $59.0M | $27.3M | ||
| Q2 24 | $49.0M | $-14.5M | ||
| Q1 24 | $24.0M | $-118.4M |
| Q4 25 | 1.6% | 8.2% | ||
| Q3 25 | 5.6% | 6.4% | ||
| Q2 25 | 4.3% | -1.9% | ||
| Q1 25 | 4.2% | 0.6% | ||
| Q4 24 | 5.6% | 5.0% | ||
| Q3 24 | 9.9% | 4.0% | ||
| Q2 24 | 7.8% | -2.1% | ||
| Q1 24 | 3.9% | -17.1% |
| Q4 25 | 4.9% | 0.5% | ||
| Q3 25 | 4.9% | 4.2% | ||
| Q2 25 | 4.8% | 3.1% | ||
| Q1 25 | 4.3% | 1.2% | ||
| Q4 24 | 5.4% | 2.9% | ||
| Q3 24 | 4.4% | 3.6% | ||
| Q2 24 | 3.8% | 5.6% | ||
| Q1 24 | 4.1% | 4.1% |
| Q4 25 | 0.63× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 3.80× | — | ||
| Q1 25 | 0.71× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 2.70× | 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
GBTG
| Travel | $620.0M | 78% |
| Other | $172.0M | 22% |
RXT
| Public Cloud Services Segment | $442.2M | 65% |
| Private Cloud Service Segment | $240.6M | 35% |
