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哈雷戴维森（HOG）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
Rackspace Technology, Inc.的季度营收约是哈雷戴维森的1.7倍（$682.8M vs $390.5M），Rackspace Technology, Inc.净利率更高（-4.8% vs -72.3%，领先67.6%），Rackspace Technology, Inc.同比增速更快（-0.4% vs -9.4%），哈雷戴维森自由现金流更多（$100.4M vs $56.0M），过去两年Rackspace Technology, Inc.的营收复合增速更高（-0.6% vs -48.6%）
哈雷戴维森是源自美国的摩托车制造商与生活方式品牌，总部位于威斯康星州密尔沃基，创立于1903年。它是大萧条时期幸存下来的两大美国摩托车厂商之一，历经多次股权变动、子公司调整、经营困境与全球竞争，如今已是全球知名的标志性品牌。
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。
HOG vs RXT — 直观对比
营收规模更大
RXT
是对方的1.7倍
$390.5M
营收增速更快
RXT
高出9.0%
-9.4%
净利率更高
RXT
高出67.6%
-72.3%
自由现金流更多
HOG
多$44.4M
$56.0M
两年增速更快
RXT
近两年复合增速
-48.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $390.5M | $682.8M |
| 净利润 | $-282.6M | $-32.7M |
| 毛利率 | -7.9% | 17.6% |
| 营业利润率 | -92.4% | -0.5% |
| 净利率 | -72.3% | -4.8% |
| 营收同比 | -9.4% | -0.4% |
| 净利润同比 | -138.6% | 41.6% |
| 每股收益（稀释后） | $-2.27 | $-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HOGRXT
| Q4 25 | $390.5M | $682.8M | ||
| Q3 25 | $1.1B | $671.2M | ||
| Q2 25 | $1.0B | $666.3M | ||
| Q1 25 | $1.1B | $665.4M | ||
| Q4 24 | $430.9M | $685.6M | ||
| Q3 24 | $881.2M | $675.8M | ||
| Q2 24 | $1.4B | $684.9M | ||
| Q1 24 | $1.5B | $690.8M |
净利润HOGRXT
| Q4 25 | $-282.6M | $-32.7M | ||
| Q3 25 | $377.4M | $-67.1M | ||
| Q2 25 | $107.6M | $-54.5M | ||
| Q1 25 | $133.1M | $-71.5M | ||
| Q4 24 | $-118.4M | $-56.0M | ||
| Q3 24 | $119.0M | $-186.6M | ||
| Q2 24 | $218.3M | $25.0M | ||
| Q1 24 | $234.9M | $-640.6M |
毛利率HOGRXT
| Q4 25 | -7.9% | 17.6% | ||
| Q3 25 | 26.0% | 19.4% | ||
| Q2 25 | 28.5% | 19.4% | ||
| Q1 25 | 28.9% | 19.1% | ||
| Q4 24 | -2.0% | 19.2% | ||
| Q3 24 | 29.8% | 20.3% | ||
| Q2 24 | 31.8% | 19.2% | ||
| Q1 24 | 30.9% | 19.2% |
营业利润率HOGRXT
| Q4 25 | -92.4% | -0.5% | ||
| Q3 25 | 44.0% | -5.1% | ||
| Q2 25 | 10.7% | -3.8% | ||
| Q1 25 | 14.8% | -5.8% | ||
| Q4 24 | -44.9% | -4.2% | ||
| Q3 24 | 12.0% | -25.7% | ||
| Q2 24 | 17.8% | -7.9% | ||
| Q1 24 | 17.8% | -94.5% |
净利率HOGRXT
| Q4 25 | -72.3% | -4.8% | ||
| Q3 25 | 35.0% | -10.0% | ||
| Q2 25 | 10.2% | -8.2% | ||
| Q1 25 | 12.3% | -10.7% | ||
| Q4 24 | -27.5% | -8.2% | ||
| Q3 24 | 13.5% | -27.6% | ||
| Q2 24 | 16.1% | 3.7% | ||
| Q1 24 | 15.9% | -92.7% |
每股收益（稀释后）HOGRXT
| Q4 25 | $-2.27 | $-0.13 | ||
| Q3 25 | $3.10 | $-0.28 | ||
| Q2 25 | $0.88 | $-0.23 | ||
| Q1 25 | $1.07 | $-0.31 | ||
| Q4 24 | $-0.82 | $-0.20 | ||
| Q3 24 | $0.91 | $-0.82 | ||
| Q2 24 | $1.63 | $0.11 | ||
| Q1 24 | $1.72 | $-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 | $3.1B | $105.8M |
| 总债务越低越好 | $2.5B | $2.7B |
| 股东权益账面价值 | $3.1B | $-1.2B |
| 总资产 | $8.0B | $2.8B |
| 负债/权益比越低杠杆越低 | 0.79× | — |
8季度趋势，按日历期对齐
现金及短期投资HOGRXT
| Q4 25 | $3.1B | $105.8M | ||
| Q3 25 | $1.8B | $99.5M | ||
| Q2 25 | $1.6B | $103.9M | ||
| Q1 25 | $1.9B | $128.0M | ||
| Q4 24 | $1.6B | $144.0M | ||
| Q3 24 | $2.2B | $157.1M | ||
| Q2 24 | $1.8B | $190.2M | ||
| Q1 24 | $1.5B | $282.6M |
总债务HOGRXT
| Q4 25 | $2.5B | $2.7B | ||
| Q3 25 | $4.5B | $2.8B | ||
| Q2 25 | $6.4B | $2.8B | ||
| Q1 25 | $6.8B | $2.8B | ||
| Q4 24 | $6.3B | $2.8B | ||
| Q3 24 | $7.3B | $2.8B | ||
| Q2 24 | $7.0B | $2.9B | ||
| Q1 24 | $6.3B | $3.0B |
股东权益HOGRXT
| Q4 25 | $3.1B | $-1.2B | ||
| Q3 25 | $3.6B | $-1.2B | ||
| Q2 25 | $3.3B | $-1.1B | ||
| Q1 25 | $3.2B | $-1.1B | ||
| Q4 24 | $3.2B | $-1.0B | ||
| Q3 24 | $3.4B | $-949.7M | ||
| Q2 24 | $3.4B | $-756.2M | ||
| Q1 24 | $3.3B | $-787.2M |
总资产HOGRXT
| Q4 25 | $8.0B | $2.8B | ||
| Q3 25 | $10.6B | $2.8B | ||
| Q2 25 | $12.1B | $2.9B | ||
| Q1 25 | $12.4B | $3.0B | ||
| Q4 24 | $11.9B | $3.1B | ||
| Q3 24 | $13.0B | $3.1B | ||
| Q2 24 | $12.8B | $3.4B | ||
| Q1 24 | $12.3B | $3.5B |
负债/权益比HOGRXT
| Q4 25 | 0.79× | — | ||
| Q3 25 | 1.25× | — | ||
| Q2 25 | 1.91× | — | ||
| Q1 25 | 2.14× | — | ||
| Q4 24 | 2.00× | — | ||
| Q3 24 | 2.13× | — | ||
| Q2 24 | 2.03× | — | ||
| Q1 24 | 1.88× | — |
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 | $152.0M | $59.7M |
| 自由现金流经营现金流 - 资本支出 | $100.4M | $56.0M |
| 自由现金流率自由现金流/营收 | 25.7% | 8.2% |
| 资本支出强度资本支出/营收 | 13.2% | 0.5% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $415.2M | $90.6M |
8季度趋势，按日历期对齐
经营现金流HOGRXT
| Q4 25 | $152.0M | $59.7M | ||
| Q3 25 | $-92.6M | $70.7M | ||
| Q2 25 | $368.0M | $8.4M | ||
| Q1 25 | $141.5M | $12.6M | ||
| Q4 24 | $133.2M | $54.3M | ||
| Q3 24 | $353.0M | $51.8M | ||
| Q2 24 | $473.6M | $24.1M | ||
| Q1 24 | $104.0M | $-90.3M |
自由现金流HOGRXT
| Q4 25 | $100.4M | $56.0M | ||
| Q3 25 | $-129.1M | $42.7M | ||
| Q2 25 | $332.4M | $-12.4M | ||
| Q1 25 | $111.6M | $4.3M | ||
| Q4 24 | $77.0M | $34.4M | ||
| Q3 24 | $300.4M | $27.3M | ||
| Q2 24 | $432.2M | $-14.5M | ||
| Q1 24 | $57.6M | $-118.4M |
自由现金流率HOGRXT
| Q4 25 | 25.7% | 8.2% | ||
| Q3 25 | -12.0% | 6.4% | ||
| Q2 25 | 31.7% | -1.9% | ||
| Q1 25 | 10.3% | 0.6% | ||
| Q4 24 | 17.9% | 5.0% | ||
| Q3 24 | 34.1% | 4.0% | ||
| Q2 24 | 31.9% | -2.1% | ||
| Q1 24 | 3.9% | -17.1% |
资本支出强度HOGRXT
| Q4 25 | 13.2% | 0.5% | ||
| Q3 25 | 3.4% | 4.2% | ||
| Q2 25 | 3.4% | 3.1% | ||
| Q1 25 | 2.8% | 1.2% | ||
| Q4 24 | 13.0% | 2.9% | ||
| Q3 24 | 6.0% | 3.6% | ||
| Q2 24 | 3.1% | 5.6% | ||
| Q1 24 | 3.1% | 4.1% |
现金转化率HOGRXT
| Q4 25 | — | — | ||
| Q3 25 | -0.25× | — | ||
| Q2 25 | 3.42× | — | ||
| Q1 25 | 1.06× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.97× | — | ||
| Q2 24 | 2.17× | 0.96× | ||
| Q1 24 | 0.44× | — |
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
HOG
| Motorcycles | $193.9M | 50% |
| Other | $63.8M | 16% |
| Other Income Financial Services | $59.8M | 15% |
| Apparel | $47.2M | 12% |
| Livewire Segment | $11.4M | 3% |
RXT
| Public Cloud Services Segment | $442.2M | 65% |
| Private Cloud Service Segment | $240.6M | 35% |
