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华利安（HLI）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
华利安的季度营收约是Rackspace Technology, Inc.的1.1倍（$717.1M vs $682.8M），华利安净利率更高（16.3% vs -4.8%，领先21.0%），华利安同比增速更快（13.0% vs -0.4%），华利安自由现金流更多（$217.0M vs $56.0M），过去两年华利安的营收复合增速更高（17.4% vs -0.6%）
华利安是美国知名跨国独立投资银行及金融服务机构，1972年成立，总部位于加利福尼亚州洛杉矶世纪城的星座广场。公司为上市企业、非公众公司、机构及政府主体提供专业服务，核心业务涵盖并购咨询、资本解决方案、重组与困境并购、公允意见出具，以及财务与估值顾问等领域。
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。
HLI vs RXT — 直观对比
营收规模更大
HLI
是对方的1.1倍
$682.8M
营收增速更快
HLI
高出13.4%
-0.4%
净利率更高
HLI
高出21.0%
-4.8%
自由现金流更多
HLI
多$161.0M
$56.0M
两年增速更快
HLI
近两年复合增速
-0.6%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $717.1M | $682.8M |
| 净利润 | $116.5M | $-32.7M |
| 毛利率 | 32.2% | 17.6% |
| 营业利润率 | 22.4% | -0.5% |
| 净利率 | 16.3% | -4.8% |
| 营收同比 | 13.0% | -0.4% |
| 净利润同比 | 22.3% | 41.6% |
| 每股收益（稀释后） | $1.70 | $-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HLIRXT
| Q4 25 | $717.1M | $682.8M | ||
| Q3 25 | $659.5M | $671.2M | ||
| Q2 25 | $605.3M | $666.3M | ||
| Q1 25 | $666.4M | $665.4M | ||
| Q4 24 | $634.4M | $685.6M | ||
| Q3 24 | $575.0M | $675.8M | ||
| Q2 24 | $513.6M | $684.9M | ||
| Q1 24 | $520.5M | $690.8M |
净利润HLIRXT
| Q4 25 | $116.5M | $-32.7M | ||
| Q3 25 | $111.8M | $-67.1M | ||
| Q2 25 | $97.5M | $-54.5M | ||
| Q1 25 | $121.9M | $-71.5M | ||
| Q4 24 | $95.3M | $-56.0M | ||
| Q3 24 | $93.5M | $-186.6M | ||
| Q2 24 | $88.9M | $25.0M | ||
| Q1 24 | $81.1M | $-640.6M |
毛利率HLIRXT
| Q4 25 | 32.2% | 17.6% | ||
| Q3 25 | 33.8% | 19.4% | ||
| Q2 25 | 31.0% | 19.4% | ||
| Q1 25 | 33.9% | 19.1% | ||
| Q4 24 | 31.4% | 19.2% | ||
| Q3 24 | 33.0% | 20.3% | ||
| Q2 24 | 30.6% | 19.2% | ||
| Q1 24 | 30.3% | 19.2% |
营业利润率HLIRXT
| Q4 25 | 22.4% | -0.5% | ||
| Q3 25 | 22.9% | -5.1% | ||
| Q2 25 | 14.8% | -3.8% | ||
| Q1 25 | 20.9% | -5.8% | ||
| Q4 24 | 21.5% | -4.2% | ||
| Q3 24 | 22.7% | -25.7% | ||
| Q2 24 | 18.6% | -7.9% | ||
| Q1 24 | 19.7% | -94.5% |
净利率HLIRXT
| Q4 25 | 16.3% | -4.8% | ||
| Q3 25 | 17.0% | -10.0% | ||
| Q2 25 | 16.1% | -8.2% | ||
| Q1 25 | 18.3% | -10.7% | ||
| Q4 24 | 15.0% | -8.2% | ||
| Q3 24 | 16.3% | -27.6% | ||
| Q2 24 | 17.3% | 3.7% | ||
| Q1 24 | 15.6% | -92.7% |
每股收益（稀释后）HLIRXT
| Q4 25 | $1.70 | $-0.13 | ||
| Q3 25 | $1.63 | $-0.28 | ||
| Q2 25 | $1.42 | $-0.23 | ||
| Q1 25 | $1.76 | $-0.31 | ||
| Q4 24 | $1.39 | $-0.20 | ||
| Q3 24 | $1.37 | $-0.82 | ||
| Q2 24 | $1.30 | $0.11 | ||
| Q1 24 | $1.18 | $-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 | $1.1B | $105.8M |
| 总债务越低越好 | — | $2.7B |
| 股东权益账面价值 | $2.3B | $-1.2B |
| 总资产 | $3.9B | $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HLIRXT
| Q4 25 | $1.1B | $105.8M | ||
| Q3 25 | $923.6M | $99.5M | ||
| Q2 25 | $793.8M | $103.9M | ||
| Q1 25 | $971.0M | $128.0M | ||
| Q4 24 | $799.3M | $144.0M | ||
| Q3 24 | $691.4M | $157.1M | ||
| Q2 24 | $449.7M | $190.2M | ||
| Q1 24 | $721.2M | $282.6M |
总债务HLIRXT
| 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HLIRXT
| Q4 25 | $2.3B | $-1.2B | ||
| Q3 25 | $2.2B | $-1.2B | ||
| Q2 25 | $2.2B | $-1.1B | ||
| Q1 25 | $2.2B | $-1.1B | ||
| Q4 24 | $2.1B | $-1.0B | ||
| Q3 24 | $2.0B | $-949.7M | ||
| Q2 24 | $1.8B | $-756.2M | ||
| Q1 24 | $1.8B | $-787.2M |
总资产HLIRXT
| Q4 25 | $3.9B | $2.8B | ||
| Q3 25 | $3.8B | $2.8B | ||
| Q2 25 | $3.5B | $2.9B | ||
| Q1 25 | $3.8B | $3.0B | ||
| Q4 24 | $3.5B | $3.1B | ||
| Q3 24 | $3.2B | $3.1B | ||
| Q2 24 | $2.9B | $3.4B | ||
| Q1 24 | $3.2B | $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 | $217.7M | $59.7M |
| 自由现金流经营现金流 - 资本支出 | $217.0M | $56.0M |
| 自由现金流率自由现金流/营收 | 30.3% | 8.2% |
| 资本支出强度资本支出/营收 | 0.1% | 0.5% |
| 现金转化率经营现金流/净利润 | 1.87× | — |
| 过去12个月自由现金流最近4个季度 | $738.9M | $90.6M |
8季度趋势，按日历期对齐
经营现金流HLIRXT
| Q4 25 | $217.7M | $59.7M | ||
| Q3 25 | $325.0M | $70.7M | ||
| Q2 25 | $-131.6M | $8.4M | ||
| Q1 25 | $358.4M | $12.6M | ||
| Q4 24 | $265.5M | $54.3M | ||
| Q3 24 | $289.2M | $51.8M | ||
| Q2 24 | $-64.5M | $24.1M | ||
| Q1 24 | $225.3M | $-90.3M |
自由现金流HLIRXT
| Q4 25 | $217.0M | $56.0M | ||
| Q3 25 | $322.8M | $42.7M | ||
| Q2 25 | $-144.8M | $-12.4M | ||
| Q1 25 | $343.9M | $4.3M | ||
| Q4 24 | $261.7M | $34.4M | ||
| Q3 24 | $278.7M | $27.3M | ||
| Q2 24 | $-75.4M | $-14.5M | ||
| Q1 24 | $213.1M | $-118.4M |
自由现金流率HLIRXT
| Q4 25 | 30.3% | 8.2% | ||
| Q3 25 | 49.0% | 6.4% | ||
| Q2 25 | -23.9% | -1.9% | ||
| Q1 25 | 51.6% | 0.6% | ||
| Q4 24 | 41.2% | 5.0% | ||
| Q3 24 | 48.5% | 4.0% | ||
| Q2 24 | -14.7% | -2.1% | ||
| Q1 24 | 40.9% | -17.1% |
资本支出强度HLIRXT
| Q4 25 | 0.1% | 0.5% | ||
| Q3 25 | 0.3% | 4.2% | ||
| Q2 25 | 2.2% | 3.1% | ||
| Q1 25 | 2.2% | 1.2% | ||
| Q4 24 | 0.6% | 2.9% | ||
| Q3 24 | 1.8% | 3.6% | ||
| Q2 24 | 2.1% | 5.6% | ||
| Q1 24 | 2.3% | 4.1% |
现金转化率HLIRXT
| Q4 25 | 1.87× | — | ||
| Q3 25 | 2.91× | — | ||
| Q2 25 | -1.35× | — | ||
| Q1 25 | 2.94× | — | ||
| Q4 24 | 2.79× | — | ||
| Q3 24 | 3.09× | — | ||
| Q2 24 | -0.73× | 0.96× | ||
| Q1 24 | 2.78× | — |
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
HLI
| Corporate Finance | $473.7M | 66% |
| Financial Restructuring | $156.3M | 22% |
| Financial Advisory Services | $87.1M | 12% |
RXT
| Public Cloud Services Segment | $442.2M | 65% |
| Private Cloud Service Segment | $240.6M | 35% |
