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HNI CORP（HNI）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
HNI CORP的季度营收约是Rackspace Technology, Inc.的1.0倍（$683.8M vs $682.8M），HNI CORP净利率更高（6.0% vs -4.8%，领先10.8%），HNI CORP同比增速更快（1.7% vs -0.4%），HNI CORP自由现金流更多（$135.6M vs $56.0M），过去两年HNI CORP的营收复合增速更高（0.3% vs -0.6%）
HNI公司是全球营收规模领先的办公家具制造商之一，同时也是全球壁炉产品行业的头部企业，生产销售燃气、电、燃木及生物质燃料壁炉、嵌入式炉具、取暖炉、饰面及相关配件。公司1944年由工程师C.麦克斯韦·斯坦利等三人联合创立，总部位于美国爱荷华州马斯卡廷。
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。
HNI vs RXT — 直观对比
营收规模更大
HNI
是对方的1.0倍
$682.8M
营收增速更快
HNI
高出2.1%
-0.4%
净利率更高
HNI
高出10.8%
-4.8%
自由现金流更多
HNI
多$79.6M
$56.0M
两年增速更快
HNI
近两年复合增速
-0.6%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $683.8M | $682.8M |
| 净利润 | $41.2M | $-32.7M |
| 毛利率 | 42.1% | 17.6% |
| 营业利润率 | 9.4% | -0.5% |
| 净利率 | 6.0% | -4.8% |
| 营收同比 | 1.7% | -0.4% |
| 净利润同比 | -13.3% | 41.6% |
| 每股收益（稀释后） | $0.88 | $-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HNIRXT
| Q4 25 | — | $682.8M | ||
| Q3 25 | $683.8M | $671.2M | ||
| Q2 25 | $667.1M | $666.3M | ||
| Q1 25 | $599.8M | $665.4M | ||
| Q4 24 | $642.5M | $685.6M | ||
| Q3 24 | $672.2M | $675.8M | ||
| Q2 24 | $623.7M | $684.9M | ||
| Q1 24 | $588.0M | $690.8M |
净利润HNIRXT
| Q4 25 | — | $-32.7M | ||
| Q3 25 | $41.2M | $-67.1M | ||
| Q2 25 | $48.2M | $-54.5M | ||
| Q1 25 | $13.9M | $-71.5M | ||
| Q4 24 | $38.3M | $-56.0M | ||
| Q3 24 | $47.5M | $-186.6M | ||
| Q2 24 | $36.0M | $25.0M | ||
| Q1 24 | $17.7M | $-640.6M |
毛利率HNIRXT
| Q4 25 | — | 17.6% | ||
| Q3 25 | 42.1% | 19.4% | ||
| Q2 25 | 42.9% | 19.4% | ||
| Q1 25 | 39.7% | 19.1% | ||
| Q4 24 | 40.5% | 19.2% | ||
| Q3 24 | 41.5% | 20.3% | ||
| Q2 24 | 41.9% | 19.2% | ||
| Q1 24 | 39.6% | 19.2% |
营业利润率HNIRXT
| Q4 25 | — | -0.5% | ||
| Q3 25 | 9.4% | -5.1% | ||
| Q2 25 | 10.2% | -3.8% | ||
| Q1 25 | 4.1% | -5.8% | ||
| Q4 24 | 8.5% | -4.2% | ||
| Q3 24 | 10.2% | -25.7% | ||
| Q2 24 | 8.6% | -7.9% | ||
| Q1 24 | 5.1% | -94.5% |
净利率HNIRXT
| Q4 25 | — | -4.8% | ||
| Q3 25 | 6.0% | -10.0% | ||
| Q2 25 | 7.2% | -8.2% | ||
| Q1 25 | 2.3% | -10.7% | ||
| Q4 24 | 6.0% | -8.2% | ||
| Q3 24 | 7.1% | -27.6% | ||
| Q2 24 | 5.8% | 3.7% | ||
| Q1 24 | 3.0% | -92.7% |
每股收益（稀释后）HNIRXT
| Q4 25 | — | $-0.13 | ||
| Q3 25 | $0.88 | $-0.28 | ||
| Q2 25 | $1.02 | $-0.23 | ||
| Q1 25 | $0.29 | $-0.31 | ||
| Q4 24 | $0.78 | $-0.20 | ||
| Q3 24 | $0.98 | $-0.82 | ||
| Q2 24 | $0.75 | $0.11 | ||
| Q1 24 | $0.37 | $-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 | $28.1M | $105.8M |
| 总债务越低越好 | $324.2M | $2.7B |
| 股东权益账面价值 | $835.9M | $-1.2B |
| 总资产 | $1.8B | $2.8B |
| 负债/权益比越低杠杆越低 | 0.39× | — |
8季度趋势，按日历期对齐
现金及短期投资HNIRXT
| Q4 25 | — | $105.8M | ||
| Q3 25 | $28.1M | $99.5M | ||
| Q2 25 | $38.2M | $103.9M | ||
| Q1 25 | $27.5M | $128.0M | ||
| Q4 24 | $28.9M | $144.0M | ||
| Q3 24 | $40.2M | $157.1M | ||
| Q2 24 | $33.5M | $190.2M | ||
| Q1 24 | $32.5M | $282.6M |
总债务HNIRXT
| Q4 25 | — | $2.7B | ||
| Q3 25 | $324.2M | $2.8B | ||
| Q2 25 | $444.4M | $2.8B | ||
| Q1 25 | $404.7M | $2.8B | ||
| Q4 24 | $344.6M | $2.8B | ||
| Q3 24 | $345.4M | $2.8B | ||
| Q2 24 | $462.3M | $2.9B | ||
| Q1 24 | $473.0M | $3.0B |
股东权益HNIRXT
| Q4 25 | — | $-1.2B | ||
| Q3 25 | $835.9M | $-1.2B | ||
| Q2 25 | $811.0M | $-1.1B | ||
| Q1 25 | $803.6M | $-1.1B | ||
| Q4 24 | $840.1M | $-1.0B | ||
| Q3 24 | $846.6M | $-949.7M | ||
| Q2 24 | $787.8M | $-756.2M | ||
| Q1 24 | $771.5M | $-787.2M |
总资产HNIRXT
| Q4 25 | — | $2.8B | ||
| Q3 25 | $1.8B | $2.8B | ||
| Q2 25 | $1.9B | $2.9B | ||
| Q1 25 | $1.9B | $3.0B | ||
| Q4 24 | $1.9B | $3.1B | ||
| Q3 24 | $1.9B | $3.1B | ||
| Q2 24 | $1.9B | $3.4B | ||
| Q1 24 | $1.9B | $3.5B |
负债/权益比HNIRXT
| Q4 25 | — | — | ||
| Q3 25 | 0.39× | — | ||
| Q2 25 | 0.55× | — | ||
| Q1 25 | 0.50× | — | ||
| Q4 24 | 0.41× | — | ||
| Q3 24 | 0.41× | — | ||
| Q2 24 | 0.59× | — | ||
| Q1 24 | 0.61× | — |
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 | $155.2M | $59.7M |
| 自由现金流经营现金流 - 资本支出 | $135.6M | $56.0M |
| 自由现金流率自由现金流/营收 | 19.8% | 8.2% |
| 资本支出强度资本支出/营收 | 2.9% | 0.5% |
| 现金转化率经营现金流/净利润 | 3.77× | — |
| 过去12个月自由现金流最近4个季度 | $189.5M | $90.6M |
8季度趋势，按日历期对齐
经营现金流HNIRXT
| Q4 25 | — | $59.7M | ||
| Q3 25 | $155.2M | $70.7M | ||
| Q2 25 | $31.1M | $8.4M | ||
| Q1 25 | $12.6M | $12.6M | ||
| Q4 24 | $51.2M | $54.3M | ||
| Q3 24 | $128.5M | $51.8M | ||
| Q2 24 | $51.3M | $24.1M | ||
| Q1 24 | $-4.3M | $-90.3M |
自由现金流HNIRXT
| Q4 25 | — | $56.0M | ||
| Q3 25 | $135.6M | $42.7M | ||
| Q2 25 | $16.1M | $-12.4M | ||
| Q1 25 | $-3.7M | $4.3M | ||
| Q4 24 | $41.5M | $34.4M | ||
| Q3 24 | $114.0M | $27.3M | ||
| Q2 24 | $33.8M | $-14.5M | ||
| Q1 24 | $-15.5M | $-118.4M |
自由现金流率HNIRXT
| Q4 25 | — | 8.2% | ||
| Q3 25 | 19.8% | 6.4% | ||
| Q2 25 | 2.4% | -1.9% | ||
| Q1 25 | -0.6% | 0.6% | ||
| Q4 24 | 6.5% | 5.0% | ||
| Q3 24 | 17.0% | 4.0% | ||
| Q2 24 | 5.4% | -2.1% | ||
| Q1 24 | -2.6% | -17.1% |
资本支出强度HNIRXT
| Q4 25 | — | 0.5% | ||
| Q3 25 | 2.9% | 4.2% | ||
| Q2 25 | 2.2% | 3.1% | ||
| Q1 25 | 2.7% | 1.2% | ||
| Q4 24 | 1.5% | 2.9% | ||
| Q3 24 | 2.2% | 3.6% | ||
| Q2 24 | 2.8% | 5.6% | ||
| Q1 24 | 1.9% | 4.1% |
现金转化率HNIRXT
| Q4 25 | — | — | ||
| Q3 25 | 3.77× | — | ||
| Q2 25 | 0.65× | — | ||
| Q1 25 | 0.91× | — | ||
| Q4 24 | 1.34× | — | ||
| Q3 24 | 2.71× | — | ||
| Q2 24 | 1.43× | 0.96× | ||
| Q1 24 | -0.24× | — |
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
HNI
| Systems Storage And Table | $309.9M | 45% |
| Residential Building Products | $166.9M | 24% |
| Seating Products | $161.1M | 24% |
| Other Products | $45.9M | 7% |
RXT
| Public Cloud Services Segment | $442.2M | 65% |
| Private Cloud Service Segment | $240.6M | 35% |
