vs
康宝莱（HLF）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
康宝莱的季度营收约是Rackspace Technology, Inc.的1.9倍（$1.3B vs $682.8M），康宝莱净利率更高（6.7% vs -4.8%，领先11.4%），康宝莱同比增速更快（6.3% vs -0.4%），康宝莱自由现金流更多（$79.8M vs $56.0M），过去两年康宝莱的营收复合增速更高（0.7% vs -0.6%）
康宝莱是美国跨国多层次营销企业，主营膳食补充剂的研发与销售。该公司曾被指控涉嫌金字塔骗局欺诈运营，2016年与美国证监会达成协议后调整了薪酬体系，将经销商奖励与可核实的实际销售额挂钩。此外其部分产品曾被曝出引发急性肝炎的相关问题。
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。
HLF vs RXT — 直观对比
营收规模更大
HLF
是对方的1.9倍
$682.8M
营收增速更快
HLF
高出6.7%
-0.4%
净利率更高
HLF
高出11.4%
-4.8%
自由现金流更多
HLF
多$23.8M
$56.0M
两年增速更快
HLF
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 | $85.4M | $-32.7M |
| 毛利率 | 77.5% | 17.6% |
| 营业利润率 | 7.8% | -0.5% |
| 净利率 | 6.7% | -4.8% |
| 营收同比 | 6.3% | -0.4% |
| 净利润同比 | -52.0% | 41.6% |
| 每股收益（稀释后） | $0.81 | $-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HLFRXT
| Q4 25 | $1.3B | $682.8M | ||
| Q3 25 | $1.3B | $671.2M | ||
| Q2 25 | $1.3B | $666.3M | ||
| Q1 25 | $1.2B | $665.4M | ||
| Q4 24 | $1.2B | $685.6M | ||
| Q3 24 | $1.2B | $675.8M | ||
| Q2 24 | $1.3B | $684.9M | ||
| Q1 24 | $1.3B | $690.8M |
净利润HLFRXT
| Q4 25 | $85.4M | $-32.7M | ||
| Q3 25 | $43.2M | $-67.1M | ||
| Q2 25 | $49.3M | $-54.5M | ||
| Q1 25 | $50.4M | $-71.5M | ||
| Q4 24 | $177.9M | $-56.0M | ||
| Q3 24 | $47.4M | $-186.6M | ||
| Q2 24 | $4.7M | $25.0M | ||
| Q1 24 | $24.3M | $-640.6M |
毛利率HLFRXT
| Q4 25 | 77.5% | 17.6% | ||
| Q3 25 | 77.7% | 19.4% | ||
| Q2 25 | 78.0% | 19.4% | ||
| Q1 25 | 78.3% | 19.1% | ||
| Q4 24 | 77.8% | 19.2% | ||
| Q3 24 | 78.3% | 20.3% | ||
| Q2 24 | 77.9% | 19.2% | ||
| Q1 24 | 77.5% | 19.2% |
营业利润率HLFRXT
| Q4 25 | 7.8% | -0.5% | ||
| Q3 25 | 9.9% | -5.1% | ||
| Q2 25 | 10.5% | -3.8% | ||
| Q1 25 | 10.1% | -5.8% | ||
| Q4 24 | 8.8% | -4.2% | ||
| Q3 24 | 10.2% | -25.7% | ||
| Q2 24 | 6.3% | -7.9% | ||
| Q1 24 | 5.7% | -94.5% |
净利率HLFRXT
| Q4 25 | 6.7% | -4.8% | ||
| Q3 25 | 3.4% | -10.0% | ||
| Q2 25 | 3.9% | -8.2% | ||
| Q1 25 | 4.1% | -10.7% | ||
| Q4 24 | 14.7% | -8.2% | ||
| Q3 24 | 3.8% | -27.6% | ||
| Q2 24 | 0.4% | 3.7% | ||
| Q1 24 | 1.9% | -92.7% |
每股收益（稀释后）HLFRXT
| Q4 25 | $0.81 | $-0.13 | ||
| Q3 25 | $0.42 | $-0.28 | ||
| Q2 25 | $0.48 | $-0.23 | ||
| Q1 25 | $0.49 | $-0.31 | ||
| Q4 24 | $1.75 | $-0.20 | ||
| Q3 24 | $0.46 | $-0.82 | ||
| Q2 24 | $0.05 | $0.11 | ||
| Q1 24 | $0.24 | $-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 | $353.1M | $105.8M |
| 总债务越低越好 | $2.0B | $2.7B |
| 股东权益账面价值 | $-515.1M | $-1.2B |
| 总资产 | $2.8B | $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HLFRXT
| Q4 25 | $353.1M | $105.8M | ||
| Q3 25 | $305.5M | $99.5M | ||
| Q2 25 | $320.9M | $103.9M | ||
| Q1 25 | $329.4M | $128.0M | ||
| Q4 24 | $415.3M | $144.0M | ||
| Q3 24 | $402.5M | $157.1M | ||
| Q2 24 | $374.0M | $190.2M | ||
| Q1 24 | $398.3M | $282.6M |
总债务HLFRXT
| Q4 25 | $2.0B | $2.7B | ||
| Q3 25 | $2.0B | $2.8B | ||
| Q2 25 | $2.1B | $2.8B | ||
| Q1 25 | $2.2B | $2.8B | ||
| Q4 24 | $2.3B | $2.8B | ||
| Q3 24 | $2.3B | $2.8B | ||
| Q2 24 | $2.3B | $2.9B | ||
| Q1 24 | $2.4B | $3.0B |
股东权益HLFRXT
| Q4 25 | $-515.1M | $-1.2B | ||
| Q3 25 | $-612.0M | $-1.2B | ||
| Q2 25 | $-660.5M | $-1.1B | ||
| Q1 25 | $-736.0M | $-1.1B | ||
| Q4 24 | $-801.1M | $-1.0B | ||
| Q3 24 | $-954.2M | $-949.7M | ||
| Q2 24 | $-1.0B | $-756.2M | ||
| Q1 24 | $-1.0B | $-787.2M |
总资产HLFRXT
| Q4 25 | $2.8B | $2.8B | ||
| Q3 25 | $2.7B | $2.8B | ||
| Q2 25 | $2.7B | $2.9B | ||
| Q1 25 | $2.7B | $3.0B | ||
| Q4 24 | $2.7B | $3.1B | ||
| Q3 24 | $2.7B | $3.1B | ||
| Q2 24 | $2.6B | $3.4B | ||
| Q1 24 | $2.6B | $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 | $98.3M | $59.7M |
| 自由现金流经营现金流 - 资本支出 | $79.8M | $56.0M |
| 自由现金流率自由现金流/营收 | 6.2% | 8.2% |
| 资本支出强度资本支出/营收 | 1.4% | 0.5% |
| 现金转化率经营现金流/净利润 | 1.15× | — |
| 过去12个月自由现金流最近4个季度 | $252.9M | $90.6M |
8季度趋势，按日历期对齐
经营现金流HLFRXT
| Q4 25 | $98.3M | $59.7M | ||
| Q3 25 | $138.8M | $70.7M | ||
| Q2 25 | $96.0M | $8.4M | ||
| Q1 25 | $200.0K | $12.6M | ||
| Q4 24 | $69.6M | $54.3M | ||
| Q3 24 | $99.5M | $51.8M | ||
| Q2 24 | $102.5M | $24.1M | ||
| Q1 24 | $13.8M | $-90.3M |
自由现金流HLFRXT
| Q4 25 | $79.8M | $56.0M | ||
| Q3 25 | $118.0M | $42.7M | ||
| Q2 25 | $73.2M | $-12.4M | ||
| Q1 25 | $-18.1M | $4.3M | ||
| Q4 24 | $43.9M | $34.4M | ||
| Q3 24 | $72.4M | $27.3M | ||
| Q2 24 | $66.2M | $-14.5M | ||
| Q1 24 | $-19.1M | $-118.4M |
自由现金流率HLFRXT
| Q4 25 | 6.2% | 8.2% | ||
| Q3 25 | 9.3% | 6.4% | ||
| Q2 25 | 5.8% | -1.9% | ||
| Q1 25 | -1.5% | 0.6% | ||
| Q4 24 | 3.6% | 5.0% | ||
| Q3 24 | 5.8% | 4.0% | ||
| Q2 24 | 5.2% | -2.1% | ||
| Q1 24 | -1.5% | -17.1% |
资本支出强度HLFRXT
| Q4 25 | 1.4% | 0.5% | ||
| Q3 25 | 1.6% | 4.2% | ||
| Q2 25 | 1.8% | 3.1% | ||
| Q1 25 | 1.5% | 1.2% | ||
| Q4 24 | 2.1% | 2.9% | ||
| Q3 24 | 2.2% | 3.6% | ||
| Q2 24 | 2.8% | 5.6% | ||
| Q1 24 | 2.6% | 4.1% |
现金转化率HLFRXT
| Q4 25 | 1.15× | — | ||
| Q3 25 | 3.21× | — | ||
| Q2 25 | 1.95× | — | ||
| Q1 25 | 0.00× | — | ||
| Q4 24 | 0.39× | — | ||
| Q3 24 | 2.10× | — | ||
| Q2 24 | 21.81× | 0.96× | ||
| Q1 24 | 0.57× | — |
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
HLF
| Others | $514.4M | 40% |
| Other | $300.0M | 23% |
| IN | $250.3M | 20% |
| MX | $147.2M | 11% |
| VN | $71.1M | 6% |
RXT
| Public Cloud Services Segment | $442.2M | 65% |
| Private Cloud Service Segment | $240.6M | 35% |
