vs
艾玛迪斯（GDS）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
Rackspace Technology, Inc.的季度营收约是艾玛迪斯的1.7倍（$682.8M vs $405.6M），艾玛迪斯净利率更高（-0.1% vs -4.8%，领先4.7%），Rackspace Technology, Inc.自由现金流更多（$56.0M vs $-96.3M）
西班牙跨国科技企业艾玛迪斯是全球领先的旅游技术服务商，面向航空、酒店、旅行社等各类旅游相关企业提供定制化软件解决方案，业务覆盖全球市场，助力旅游行业客户优化运营效率、提升服务体验。
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。
GDS vs RXT — 直观对比
营收规模更大
RXT
是对方的1.7倍
$405.6M
净利率更高
GDS
高出4.7%
-4.8%
自由现金流更多
RXT
多$152.3M
$-96.3M
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $405.6M | $682.8M |
| 净利润 | $-373.0K | $-32.7M |
| 毛利率 | 22.1% | 17.6% |
| 营业利润率 | — | -0.5% |
| 净利率 | -0.1% | -4.8% |
| 营收同比 | — | -0.4% |
| 净利润同比 | — | 41.6% |
| 每股收益（稀释后） | — | $-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GDSRXT
| Q4 25 | — | $682.8M | ||
| Q3 25 | $405.6M | $671.2M | ||
| Q2 25 | $404.9M | $666.3M | ||
| Q1 25 | $375.3M | $665.4M | ||
| Q4 24 | — | $685.6M | ||
| Q3 24 | $422.6M | $675.8M | ||
| Q2 24 | $388.9M | $684.9M | ||
| Q1 24 | $363.9M | $690.8M |
净利润GDSRXT
| Q4 25 | — | $-32.7M | ||
| Q3 25 | $-373.0K | $-67.1M | ||
| Q2 25 | $-240.0K | $-54.5M | ||
| Q1 25 | $-145.0K | $-71.5M | ||
| Q4 24 | — | $-56.0M | ||
| Q3 24 | $-32.9M | $-186.6M | ||
| Q2 24 | $-31.9M | $25.0M | ||
| Q1 24 | $-47.8M | $-640.6M |
毛利率GDSRXT
| Q4 25 | — | 17.6% | ||
| Q3 25 | 22.1% | 19.4% | ||
| Q2 25 | 23.8% | 19.4% | ||
| Q1 25 | 23.7% | 19.1% | ||
| Q4 24 | — | 19.2% | ||
| Q3 24 | 22.2% | 20.3% | ||
| Q2 24 | 22.6% | 19.2% | ||
| Q1 24 | 21.8% | 19.2% |
营业利润率GDSRXT
| Q4 25 | — | -0.5% | ||
| Q3 25 | — | -5.1% | ||
| Q2 25 | — | -3.8% | ||
| Q1 25 | — | -5.8% | ||
| Q4 24 | — | -4.2% | ||
| Q3 24 | 10.8% | -25.7% | ||
| Q2 24 | 11.2% | -7.9% | ||
| Q1 24 | 8.3% | -94.5% |
净利率GDSRXT
| Q4 25 | — | -4.8% | ||
| Q3 25 | -0.1% | -10.0% | ||
| Q2 25 | -0.1% | -8.2% | ||
| Q1 25 | -0.0% | -10.7% | ||
| Q4 24 | — | -8.2% | ||
| Q3 24 | -7.8% | -27.6% | ||
| Q2 24 | -8.2% | 3.7% | ||
| Q1 24 | -13.1% | -92.7% |
每股收益（稀释后）GDSRXT
| Q4 25 | — | $-0.13 | ||
| Q3 25 | — | $-0.28 | ||
| Q2 25 | — | $-0.23 | ||
| Q1 25 | — | $-0.31 | ||
| Q4 24 | — | $-0.20 | ||
| Q3 24 | — | $-0.82 | ||
| Q2 24 | — | $0.11 | ||
| Q1 24 | — | $-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 | — | $105.8M |
| 总债务越低越好 | — | $2.7B |
| 股东权益账面价值 | $3.6B | $-1.2B |
| 总资产 | $11.0B | $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GDSRXT
| Q4 25 | — | $105.8M | ||
| Q3 25 | — | $99.5M | ||
| Q2 25 | — | $103.9M | ||
| Q1 25 | — | $128.0M | ||
| Q4 24 | — | $144.0M | ||
| Q3 24 | — | $157.1M | ||
| Q2 24 | — | $190.2M | ||
| Q1 24 | — | $282.6M |
总债务GDSRXT
| Q4 25 | — | $2.7B | ||
| Q3 25 | — | $2.8B | ||
| Q2 25 | — | $2.8B | ||
| Q1 25 | — | $2.8B | ||
| Q4 24 | — | $2.8B | ||
| Q3 24 | — | $2.8B | ||
| Q2 24 | — | $2.9B | ||
| Q1 24 | — | $3.0B |
股东权益GDSRXT
| Q4 25 | — | $-1.2B | ||
| Q3 25 | $3.6B | $-1.2B | ||
| Q2 25 | $3.4B | $-1.1B | ||
| Q1 25 | $3.2B | $-1.1B | ||
| Q4 24 | — | $-1.0B | ||
| Q3 24 | $2.7B | $-949.7M | ||
| Q2 24 | $2.6B | $-756.2M | ||
| Q1 24 | $2.6B | $-787.2M |
总资产GDSRXT
| Q4 25 | — | $2.8B | ||
| Q3 25 | $11.0B | $2.8B | ||
| Q2 25 | $11.1B | $2.9B | ||
| Q1 25 | $10.1B | $3.0B | ||
| Q4 24 | — | $3.1B | ||
| Q3 24 | $11.7B | $3.1B | ||
| Q2 24 | $10.9B | $3.4B | ||
| Q1 24 | $10.5B | $3.5B |
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 | $103.5M | $59.7M |
| 自由现金流经营现金流 - 资本支出 | $-96.3M | $56.0M |
| 自由现金流率自由现金流/营收 | -23.7% | 8.2% |
| 资本支出强度资本支出/营收 | 49.2% | 0.5% |
| 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 | — | $90.6M |
8季度趋势，按日历期对齐
经营现金流GDSRXT
| Q4 25 | — | $59.7M | ||
| Q3 25 | $103.5M | $70.7M | ||
| Q2 25 | $120.8M | $8.4M | ||
| Q1 25 | — | $12.6M | ||
| Q4 24 | — | $54.3M | ||
| Q3 24 | $91.4M | $51.8M | ||
| Q2 24 | — | $24.1M | ||
| Q1 24 | — | $-90.3M |
自由现金流GDSRXT
| Q4 25 | — | $56.0M | ||
| Q3 25 | $-96.3M | $42.7M | ||
| Q2 25 | $-55.8M | $-12.4M | ||
| Q1 25 | — | $4.3M | ||
| Q4 24 | — | $34.4M | ||
| Q3 24 | $-321.7M | $27.3M | ||
| Q2 24 | — | $-14.5M | ||
| Q1 24 | — | $-118.4M |
自由现金流率GDSRXT
| Q4 25 | — | 8.2% | ||
| Q3 25 | -23.7% | 6.4% | ||
| Q2 25 | -13.8% | -1.9% | ||
| Q1 25 | — | 0.6% | ||
| Q4 24 | — | 5.0% | ||
| Q3 24 | -76.1% | 4.0% | ||
| Q2 24 | — | -2.1% | ||
| Q1 24 | — | -17.1% |
资本支出强度GDSRXT
| Q4 25 | — | 0.5% | ||
| Q3 25 | 49.2% | 4.2% | ||
| Q2 25 | 43.6% | 3.1% | ||
| Q1 25 | — | 1.2% | ||
| Q4 24 | — | 2.9% | ||
| Q3 24 | 97.7% | 3.6% | ||
| Q2 24 | — | 5.6% | ||
| Q1 24 | — | 4.1% |
现金转化率GDSRXT
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 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
GDS
| Service revenue | $405.5M | 100% |
| Equipment sales | $2.8M | 1% |
RXT
| Public Cloud Services Segment | $442.2M | 65% |
| Private Cloud Service Segment | $240.6M | 35% |
