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Graham Holdings Co（GHC）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
Graham Holdings Co的季度营收约是Rackspace Technology, Inc.的1.8倍（$1.3B vs $682.8M），Graham Holdings Co净利率更高（8.7% vs -4.8%，领先13.5%），Graham Holdings Co同比增速更快（0.4% vs -0.4%），Rackspace Technology, Inc.自由现金流更多（$56.0M vs $5.0M），过去两年Graham Holdings Co的营收复合增速更高（4.2% vs -0.6%）
Graham Holdings是一家总部位于美国弗吉尼亚州阿灵顿县、在特拉华州注册的多元化综合控股集团，曾持有知名媒体《华盛顿邮报》与《新闻周刊》的所有权，旗下业务覆盖多个领域，在北美市场拥有深厚的行业运营积淀。
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。
GHC vs RXT — 直观对比
营收规模更大
GHC
是对方的1.8倍
$682.8M
营收增速更快
GHC
高出0.8%
-0.4%
净利率更高
GHC
高出13.5%
-4.8%
自由现金流更多
RXT
多$51.0M
$5.0M
两年增速更快
GHC
近两年复合增速
-0.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $682.8M |
| 净利润 | $108.7M | $-32.7M |
| 毛利率 | — | 17.6% |
| 营业利润率 | 3.8% | -0.5% |
| 净利率 | 8.7% | -4.8% |
| 营收同比 | 0.4% | -0.4% |
| 净利润同比 | -80.2% | 41.6% |
| 每股收益（稀释后） | $24.76 | $-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GHCRXT
| Q4 25 | $1.3B | $682.8M | ||
| Q3 25 | $1.3B | $671.2M | ||
| Q2 25 | $1.2B | $666.3M | ||
| Q1 25 | $1.2B | $665.4M | ||
| Q4 24 | $1.2B | $685.6M | ||
| Q3 24 | $1.2B | $675.8M | ||
| Q2 24 | $1.2B | $684.9M | ||
| Q1 24 | $1.2B | $690.8M |
净利润GHCRXT
| Q4 25 | $108.7M | $-32.7M | ||
| Q3 25 | $122.9M | $-67.1M | ||
| Q2 25 | $36.7M | $-54.5M | ||
| Q1 25 | $23.9M | $-71.5M | ||
| Q4 24 | $548.8M | $-56.0M | ||
| Q3 24 | $72.5M | $-186.6M | ||
| Q2 24 | $-21.0M | $25.0M | ||
| Q1 24 | $124.4M | $-640.6M |
毛利率GHCRXT
| 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% |
营业利润率GHCRXT
| Q4 25 | 3.8% | -0.5% | ||
| Q3 25 | 5.2% | -5.1% | ||
| Q2 25 | 6.0% | -3.8% | ||
| Q1 25 | 4.1% | -5.8% | ||
| Q4 24 | 5.8% | -4.2% | ||
| Q3 24 | 6.8% | -25.7% | ||
| Q2 24 | 2.2% | -7.9% | ||
| Q1 24 | 3.1% | -94.5% |
净利率GHCRXT
| Q4 25 | 8.7% | -4.8% | ||
| Q3 25 | 9.6% | -10.0% | ||
| Q2 25 | 3.0% | -8.2% | ||
| Q1 25 | 2.0% | -10.7% | ||
| Q4 24 | 44.1% | -8.2% | ||
| Q3 24 | 6.0% | -27.6% | ||
| Q2 24 | -1.8% | 3.7% | ||
| Q1 24 | 10.8% | -92.7% |
每股收益（稀释后）GHCRXT
| Q4 25 | $24.76 | $-0.13 | ||
| Q3 25 | $27.91 | $-0.28 | ||
| Q2 25 | $8.35 | $-0.23 | ||
| Q1 25 | $5.45 | $-0.31 | ||
| Q4 24 | $124.05 | $-0.20 | ||
| Q3 24 | $16.42 | $-0.82 | ||
| Q2 24 | $-4.79 | $0.11 | ||
| Q1 24 | $27.72 | $-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 | $267.0M | $105.8M |
| 总债务越低越好 | — | $2.7B |
| 股东权益账面价值 | $4.8B | $-1.2B |
| 总资产 | $8.4B | $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GHCRXT
| Q4 25 | $267.0M | $105.8M | ||
| Q3 25 | $190.8M | $99.5M | ||
| Q2 25 | $176.2M | $103.9M | ||
| Q1 25 | $156.7M | $128.0M | ||
| Q4 24 | $260.9M | $144.0M | ||
| Q3 24 | $244.4M | $157.1M | ||
| Q2 24 | $140.7M | $190.2M | ||
| Q1 24 | $130.9M | $282.6M |
总债务GHCRXT
| 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GHCRXT
| Q4 25 | $4.8B | $-1.2B | ||
| Q3 25 | $4.5B | $-1.2B | ||
| Q2 25 | $4.4B | $-1.1B | ||
| Q1 25 | $4.3B | $-1.1B | ||
| Q4 24 | $4.3B | $-1.0B | ||
| Q3 24 | $4.0B | $-949.7M | ||
| Q2 24 | $4.0B | $-756.2M | ||
| Q1 24 | $4.0B | $-787.2M |
总资产GHCRXT
| Q4 25 | $8.4B | $2.8B | ||
| Q3 25 | $7.9B | $2.8B | ||
| Q2 25 | $7.6B | $2.9B | ||
| Q1 25 | $7.6B | $3.0B | ||
| Q4 24 | $7.7B | $3.1B | ||
| Q3 24 | $7.4B | $3.1B | ||
| Q2 24 | $7.2B | $3.4B | ||
| Q1 24 | $7.3B | $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 | $28.3M | $59.7M |
| 自由现金流经营现金流 - 资本支出 | $5.0M | $56.0M |
| 自由现金流率自由现金流/营收 | 0.4% | 8.2% |
| 资本支出强度资本支出/营收 | 1.9% | 0.5% |
| 现金转化率经营现金流/净利润 | 0.26× | — |
| 过去12个月自由现金流最近4个季度 | $275.3M | $90.6M |
8季度趋势，按日历期对齐
经营现金流GHCRXT
| Q4 25 | $28.3M | $59.7M | ||
| Q3 25 | $178.1M | $70.7M | ||
| Q2 25 | $94.8M | $8.4M | ||
| Q1 25 | $46.0M | $12.6M | ||
| Q4 24 | $116.3M | $54.3M | ||
| Q3 24 | $237.6M | $51.8M | ||
| Q2 24 | $52.0M | $24.1M | ||
| Q1 24 | $1.1M | $-90.3M |
自由现金流GHCRXT
| Q4 25 | $5.0M | $56.0M | ||
| Q3 25 | $161.8M | $42.7M | ||
| Q2 25 | $78.0M | $-12.4M | ||
| Q1 25 | $30.5M | $4.3M | ||
| Q4 24 | $91.1M | $34.4M | ||
| Q3 24 | $219.4M | $27.3M | ||
| Q2 24 | $33.7M | $-14.5M | ||
| Q1 24 | $-20.2M | $-118.4M |
自由现金流率GHCRXT
| Q4 25 | 0.4% | 8.2% | ||
| Q3 25 | 12.6% | 6.4% | ||
| Q2 25 | 6.4% | -1.9% | ||
| Q1 25 | 2.6% | 0.6% | ||
| Q4 24 | 7.3% | 5.0% | ||
| Q3 24 | 18.2% | 4.0% | ||
| Q2 24 | 2.8% | -2.1% | ||
| Q1 24 | -1.8% | -17.1% |
资本支出强度GHCRXT
| Q4 25 | 1.9% | 0.5% | ||
| Q3 25 | 1.3% | 4.2% | ||
| Q2 25 | 1.4% | 3.1% | ||
| Q1 25 | 1.3% | 1.2% | ||
| Q4 24 | 2.0% | 2.9% | ||
| Q3 24 | 1.5% | 3.6% | ||
| Q2 24 | 1.5% | 5.6% | ||
| Q1 24 | 1.8% | 4.1% |
现金转化率GHCRXT
| Q4 25 | 0.26× | — | ||
| Q3 25 | 1.45× | — | ||
| Q2 25 | 2.58× | — | ||
| Q1 25 | 1.93× | — | ||
| Q4 24 | 0.21× | — | ||
| Q3 24 | 3.28× | — | ||
| Q2 24 | — | 0.96× | ||
| Q1 24 | 0.01× | — |
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
GHC
| Products | $602.7M | 48% |
| Kaplan International | $251.9M | 20% |
| Manufacturing | $117.8M | 9% |
| Television Broadcasting | $110.5M | 9% |
| Higher Education | $83.8M | 7% |
| Supplemental Education | $74.9M | 6% |
| Related Party | $4.4M | 0% |
RXT
| Public Cloud Services Segment | $442.2M | 65% |
| Private Cloud Service Segment | $240.6M | 35% |
