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伯克希尔·哈撒韦（HEI）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
伯克希尔·哈撒韦的季度营收约是Rackspace Technology, Inc.的1.8倍（$1.2B vs $682.8M），伯克希尔·哈撒韦净利率更高（15.6% vs -4.8%，领先20.4%），伯克希尔·哈撒韦同比增速更快（19.3% vs -0.4%），伯克希尔·哈撒韦自由现金流更多（$268.5M vs $56.0M），过去两年伯克希尔·哈撒韦的营收复合增速更高（16.2% vs -0.6%）
伯克希尔·哈撒韦是总部位于美国内布拉斯加州奥马哈的跨国综合控股集团，最初主营纺织品制造，1965年起在董事长兼首席执行官沃伦·巴菲特、副董事长查理·芒格的带领下转型为多元化企业集团，2026年初格雷格·阿贝尔接任首席执行官，巴菲特个人持有公司38.4%的A类有投票权股份，对应15.1%的整体经济权益。
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。
HEI vs RXT — 直观对比
营收规模更大
HEI
是对方的1.8倍
$682.8M
营收增速更快
HEI
高出19.7%
-0.4%
净利率更高
HEI
高出20.4%
-4.8%
自由现金流更多
HEI
多$212.5M
$56.0M
两年增速更快
HEI
近两年复合增速
-0.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $682.8M |
| 净利润 | $188.3M | $-32.7M |
| 毛利率 | 40.2% | 17.6% |
| 营业利润率 | 23.1% | -0.5% |
| 净利率 | 15.6% | -4.8% |
| 营收同比 | 19.3% | -0.4% |
| 净利润同比 | 34.8% | 41.6% |
| 每股收益（稀释后） | $1.32 | $-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HEIRXT
| Q4 25 | $1.2B | $682.8M | ||
| Q3 25 | $1.1B | $671.2M | ||
| Q2 25 | $1.1B | $666.3M | ||
| Q1 25 | $1.0B | $665.4M | ||
| Q4 24 | $1.0B | $685.6M | ||
| Q3 24 | $992.2M | $675.8M | ||
| Q2 24 | $955.4M | $684.9M | ||
| Q1 24 | $896.4M | $690.8M |
净利润HEIRXT
| Q4 25 | $188.3M | $-32.7M | ||
| Q3 25 | $177.3M | $-67.1M | ||
| Q2 25 | $156.8M | $-54.5M | ||
| Q1 25 | $168.0M | $-71.5M | ||
| Q4 24 | $139.7M | $-56.0M | ||
| Q3 24 | $136.6M | $-186.6M | ||
| Q2 24 | $123.1M | $25.0M | ||
| Q1 24 | $114.7M | $-640.6M |
毛利率HEIRXT
| Q4 25 | 40.2% | 17.6% | ||
| Q3 25 | 39.8% | 19.4% | ||
| Q2 25 | 39.9% | 19.4% | ||
| Q1 25 | 39.4% | 19.1% | ||
| Q4 24 | 38.9% | 19.2% | ||
| Q3 24 | 39.2% | 20.3% | ||
| Q2 24 | 38.9% | 19.2% | ||
| Q1 24 | 38.7% | 19.2% |
营业利润率HEIRXT
| Q4 25 | 23.1% | -0.5% | ||
| Q3 25 | 23.1% | -5.1% | ||
| Q2 25 | 22.6% | -3.8% | ||
| Q1 25 | 22.0% | -5.8% | ||
| Q4 24 | 21.6% | -4.2% | ||
| Q3 24 | 21.8% | -25.7% | ||
| Q2 24 | 21.9% | -7.9% | ||
| Q1 24 | 20.1% | -94.5% |
净利率HEIRXT
| Q4 25 | 15.6% | -4.8% | ||
| Q3 25 | 15.5% | -10.0% | ||
| Q2 25 | 14.3% | -8.2% | ||
| Q1 25 | 16.3% | -10.7% | ||
| Q4 24 | 13.8% | -8.2% | ||
| Q3 24 | 13.8% | -27.6% | ||
| Q2 24 | 12.9% | 3.7% | ||
| Q1 24 | 12.8% | -92.7% |
每股收益（稀释后）HEIRXT
| Q4 25 | $1.32 | $-0.13 | ||
| Q3 25 | $1.26 | $-0.28 | ||
| Q2 25 | $1.12 | $-0.23 | ||
| Q1 25 | $1.20 | $-0.31 | ||
| Q4 24 | $1.00 | $-0.20 | ||
| Q3 24 | $0.97 | $-0.82 | ||
| Q2 24 | $0.88 | $0.11 | ||
| Q1 24 | $0.82 | $-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 | $217.8M | $105.8M |
| 总债务越低越好 | $2.2B | $2.7B |
| 股东权益账面价值 | $4.3B | $-1.2B |
| 总资产 | $8.5B | $2.8B |
| 负债/权益比越低杠杆越低 | 0.50× | — |
8季度趋势，按日历期对齐
现金及短期投资HEIRXT
| Q4 25 | $217.8M | $105.8M | ||
| Q3 25 | $261.9M | $99.5M | ||
| Q2 25 | $242.3M | $103.9M | ||
| Q1 25 | $165.5M | $128.0M | ||
| Q4 24 | $162.1M | $144.0M | ||
| Q3 24 | $202.9M | $157.1M | ||
| Q2 24 | $204.2M | $190.2M | ||
| Q1 24 | $196.3M | $282.6M |
总债务HEIRXT
| Q4 25 | $2.2B | $2.7B | ||
| Q3 25 | $2.4B | $2.8B | ||
| Q2 25 | $2.3B | $2.8B | ||
| Q1 25 | $2.3B | $2.8B | ||
| Q4 24 | $2.2B | $2.8B | ||
| Q3 24 | $2.3B | $2.8B | ||
| Q2 24 | $2.4B | $2.9B | ||
| Q1 24 | $2.5B | $3.0B |
股东权益HEIRXT
| Q4 25 | $4.3B | $-1.2B | ||
| Q3 25 | $4.1B | $-1.2B | ||
| Q2 25 | $4.0B | $-1.1B | ||
| Q1 25 | $3.7B | $-1.1B | ||
| Q4 24 | $3.6B | $-1.0B | ||
| Q3 24 | $3.5B | $-949.7M | ||
| Q2 24 | $3.4B | $-756.2M | ||
| Q1 24 | $3.3B | $-787.2M |
总资产HEIRXT
| Q4 25 | $8.5B | $2.8B | ||
| Q3 25 | $8.5B | $2.8B | ||
| Q2 25 | $8.1B | $2.9B | ||
| Q1 25 | $7.9B | $3.0B | ||
| Q4 24 | $7.6B | $3.1B | ||
| Q3 24 | $7.4B | $3.1B | ||
| Q2 24 | $7.4B | $3.4B | ||
| Q1 24 | $7.3B | $3.5B |
负债/权益比HEIRXT
| Q4 25 | 0.50× | — | ||
| Q3 25 | 0.59× | — | ||
| Q2 25 | 0.57× | — | ||
| Q1 25 | 0.63× | — | ||
| Q4 24 | 0.61× | — | ||
| Q3 24 | 0.64× | — | ||
| Q2 24 | 0.70× | — | ||
| Q1 24 | 0.76× | — |
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 | $295.3M | $59.7M |
| 自由现金流经营现金流 - 资本支出 | $268.5M | $56.0M |
| 自由现金流率自由现金流/营收 | 22.2% | 8.2% |
| 资本支出强度资本支出/营收 | 2.2% | 0.5% |
| 现金转化率经营现金流/净利润 | 1.57× | — |
| 过去12个月自由现金流最近4个季度 | $861.4M | $90.6M |
8季度趋势，按日历期对齐
经营现金流HEIRXT
| Q4 25 | $295.3M | $59.7M | ||
| Q3 25 | $231.2M | $70.7M | ||
| Q2 25 | $204.7M | $8.4M | ||
| Q1 25 | $203.0M | $12.6M | ||
| Q4 24 | $205.6M | $54.3M | ||
| Q3 24 | $214.0M | $51.8M | ||
| Q2 24 | $141.1M | $24.1M | ||
| Q1 24 | $111.7M | $-90.3M |
自由现金流HEIRXT
| Q4 25 | $268.5M | $56.0M | ||
| Q3 25 | $218.5M | $42.7M | ||
| Q2 25 | $188.7M | $-12.4M | ||
| Q1 25 | $185.7M | $4.3M | ||
| Q4 24 | $189.5M | $34.4M | ||
| Q3 24 | $198.1M | $27.3M | ||
| Q2 24 | $128.2M | $-14.5M | ||
| Q1 24 | $98.3M | $-118.4M |
自由现金流率HEIRXT
| Q4 25 | 22.2% | 8.2% | ||
| Q3 25 | 19.0% | 6.4% | ||
| Q2 25 | 17.2% | -1.9% | ||
| Q1 25 | 18.0% | 0.6% | ||
| Q4 24 | 18.7% | 5.0% | ||
| Q3 24 | 20.0% | 4.0% | ||
| Q2 24 | 13.4% | -2.1% | ||
| Q1 24 | 11.0% | -17.1% |
资本支出强度HEIRXT
| Q4 25 | 2.2% | 0.5% | ||
| Q3 25 | 1.1% | 4.2% | ||
| Q2 25 | 1.5% | 3.1% | ||
| Q1 25 | 1.7% | 1.2% | ||
| Q4 24 | 1.6% | 2.9% | ||
| Q3 24 | 1.6% | 3.6% | ||
| Q2 24 | 1.4% | 5.6% | ||
| Q1 24 | 1.5% | 4.1% |
现金转化率HEIRXT
| Q4 25 | 1.57× | — | ||
| Q3 25 | 1.30× | — | ||
| Q2 25 | 1.31× | — | ||
| Q1 25 | 1.21× | — | ||
| Q4 24 | 1.47× | — | ||
| Q3 24 | 1.57× | — | ||
| Q2 24 | 1.15× | 0.96× | ||
| Q1 24 | 0.97× | — |
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
HEI
| Aftermarket Replacement Parts | $510.0M | 42% |
| Electronic Componentsfor Defense Spaceand Aerospace | $311.8M | 26% |
| Defenseand Space | $170.6M | 14% |
| Specialty Products | $118.9M | 10% |
| Other Electronic Components | $73.0M | 6% |
| Other Industries | $15.9M | 1% |
RXT
| Public Cloud Services Segment | $442.2M | 65% |
| Private Cloud Service Segment | $240.6M | 35% |
