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Kinetik Holdings Inc.（KNTK）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Kinetik Holdings Inc.的1.6倍（$682.8M vs $430.4M），Kinetik Holdings Inc.净利率更高（96.8% vs -4.8%，领先101.6%），Kinetik Holdings Inc.同比增速更快（11.6% vs -0.4%），Rackspace Technology, Inc.自由现金流更多（$56.0M vs $-24.0M），过去两年Kinetik Holdings Inc.的营收复合增速更高（12.3% vs -0.6%）
Kinetik Holdings Inc.是一家聚焦二叠纪盆地的中游能源基础设施供应商，为美国南部核心油气产区的上游作业方提供天然气收集、处理、运输、存储，以及原油、采出水处置等一体化服务。
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。
KNTK vs RXT — 直观对比
营收规模更大
RXT
是对方的1.6倍
$430.4M
营收增速更快
KNTK
高出12.0%
-0.4%
净利率更高
KNTK
高出101.6%
-4.8%
自由现金流更多
RXT
多$80.0M
$-24.0M
两年增速更快
KNTK
近两年复合增速
-0.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $430.4M | $682.8M |
| 净利润 | $416.7M | $-32.7M |
| 毛利率 | — | 17.6% |
| 营业利润率 | 11.2% | -0.5% |
| 净利率 | 96.8% | -4.8% |
| 营收同比 | 11.6% | -0.4% |
| 净利润同比 | 2468.4% | 41.6% |
| 每股收益（稀释后） | $2.22 | $-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KNTKRXT
| Q4 25 | $430.4M | $682.8M | ||
| Q3 25 | $464.0M | $671.2M | ||
| Q2 25 | $426.7M | $666.3M | ||
| Q1 25 | $443.3M | $665.4M | ||
| Q4 24 | $385.7M | $685.6M | ||
| Q3 24 | $396.4M | $675.8M | ||
| Q2 24 | $359.5M | $684.9M | ||
| Q1 24 | $341.4M | $690.8M |
净利润KNTKRXT
| Q4 25 | $416.7M | $-32.7M | ||
| Q3 25 | $5.3M | $-67.1M | ||
| Q2 25 | $23.6M | $-54.5M | ||
| Q1 25 | $19.3M | $-71.5M | ||
| Q4 24 | $16.2M | $-56.0M | ||
| Q3 24 | $25.8M | $-186.6M | ||
| Q2 24 | $37.2M | $25.0M | ||
| Q1 24 | $233.6M | $-640.6M |
毛利率KNTKRXT
| Q4 25 | — | 17.6% | ||
| Q3 25 | — | 19.4% | ||
| Q2 25 | — | 19.4% | ||
| Q1 25 | — | 19.1% | ||
| Q4 24 | — | 19.2% | ||
| Q3 24 | — | 20.3% | ||
| Q2 24 | — | 19.2% | ||
| Q1 24 | — | 19.2% |
营业利润率KNTKRXT
| Q4 25 | 11.2% | -0.5% | ||
| Q3 25 | 4.3% | -5.1% | ||
| Q2 25 | 18.2% | -3.8% | ||
| Q1 25 | 4.3% | -5.8% | ||
| Q4 24 | 6.1% | -4.2% | ||
| Q3 24 | 18.4% | -25.7% | ||
| Q2 24 | 15.7% | -7.9% | ||
| Q1 24 | 7.6% | -94.5% |
净利率KNTKRXT
| Q4 25 | 96.8% | -4.8% | ||
| Q3 25 | 1.1% | -10.0% | ||
| Q2 25 | 5.5% | -8.2% | ||
| Q1 25 | 4.3% | -10.7% | ||
| Q4 24 | 4.2% | -8.2% | ||
| Q3 24 | 6.5% | -27.6% | ||
| Q2 24 | 10.3% | 3.7% | ||
| Q1 24 | 68.4% | -92.7% |
每股收益（稀释后）KNTKRXT
| Q4 25 | $2.22 | $-0.13 | ||
| Q3 25 | $0.03 | $-0.28 | ||
| Q2 25 | $0.33 | $-0.23 | ||
| Q1 25 | $0.05 | $-0.31 | ||
| Q4 24 | $0.01 | $-0.20 | ||
| Q3 24 | $0.35 | $-0.82 | ||
| Q2 24 | $0.54 | $0.11 | ||
| Q1 24 | $0.12 | $-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 | $4.0M | $105.8M |
| 总债务越低越好 | $3.6B | $2.7B |
| 股东权益账面价值 | $-565.4M | $-1.2B |
| 总资产 | $7.1B | $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KNTKRXT
| Q4 25 | $4.0M | $105.8M | ||
| Q3 25 | $7.7M | $99.5M | ||
| Q2 25 | $10.7M | $103.9M | ||
| Q1 25 | $8.8M | $128.0M | ||
| Q4 24 | $3.6M | $144.0M | ||
| Q3 24 | $20.4M | $157.1M | ||
| Q2 24 | $12.5M | $190.2M | ||
| Q1 24 | $9.8M | $282.6M |
总债务KNTKRXT
| Q4 25 | $3.6B | $2.7B | ||
| Q3 25 | $4.0B | $2.8B | ||
| Q2 25 | $3.7B | $2.8B | ||
| Q1 25 | $3.6B | $2.8B | ||
| Q4 24 | $3.4B | $2.8B | ||
| Q3 24 | $3.3B | $2.8B | ||
| Q2 24 | $3.3B | $2.9B | ||
| Q1 24 | $3.5B | $3.0B |
股东权益KNTKRXT
| Q4 25 | $-565.4M | $-1.2B | ||
| Q3 25 | $-1.8B | $-1.2B | ||
| Q2 25 | $-1.6B | $-1.1B | ||
| Q1 25 | $-2.5B | $-1.1B | ||
| Q4 24 | $-3.0B | $-1.0B | ||
| Q3 24 | $-1.7B | $-949.7M | ||
| Q2 24 | $-1.2B | $-756.2M | ||
| Q1 24 | $-973.4M | $-787.2M |
总资产KNTKRXT
| Q4 25 | $7.1B | $2.8B | ||
| Q3 25 | $7.2B | $2.8B | ||
| Q2 25 | $7.2B | $2.9B | ||
| Q1 25 | $7.0B | $3.0B | ||
| Q4 24 | $6.8B | $3.1B | ||
| Q3 24 | $6.9B | $3.1B | ||
| Q2 24 | $6.9B | $3.4B | ||
| Q1 24 | $6.4B | $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 | $110.1M | $59.7M |
| 自由现金流经营现金流 - 资本支出 | $-24.0M | $56.0M |
| 自由现金流率自由现金流/营收 | -5.6% | 8.2% |
| 资本支出强度资本支出/营收 | 31.2% | 0.5% |
| 现金转化率经营现金流/净利润 | 0.26× | — |
| 过去12个月自由现金流最近4个季度 | $111.6M | $90.6M |
8季度趋势，按日历期对齐
经营现金流KNTKRXT
| Q4 25 | $110.1M | $59.7M | ||
| Q3 25 | $188.1M | $70.7M | ||
| Q2 25 | $129.1M | $8.4M | ||
| Q1 25 | $176.8M | $12.6M | ||
| Q4 24 | $144.0M | $54.3M | ||
| Q3 24 | $214.1M | $51.8M | ||
| Q2 24 | $125.5M | $24.1M | ||
| Q1 24 | $153.7M | $-90.3M |
自由现金流KNTKRXT
| Q4 25 | $-24.0M | $56.0M | ||
| Q3 25 | $31.6M | $42.7M | ||
| Q2 25 | $1.8M | $-12.4M | ||
| Q1 25 | $102.3M | $4.3M | ||
| Q4 24 | $36.3M | $34.4M | ||
| Q3 24 | $155.7M | $27.3M | ||
| Q2 24 | $86.1M | $-14.5M | ||
| Q1 24 | $95.7M | $-118.4M |
自由现金流率KNTKRXT
| Q4 25 | -5.6% | 8.2% | ||
| Q3 25 | 6.8% | 6.4% | ||
| Q2 25 | 0.4% | -1.9% | ||
| Q1 25 | 23.1% | 0.6% | ||
| Q4 24 | 9.4% | 5.0% | ||
| Q3 24 | 39.3% | 4.0% | ||
| Q2 24 | 24.0% | -2.1% | ||
| Q1 24 | 28.0% | -17.1% |
资本支出强度KNTKRXT
| Q4 25 | 31.2% | 0.5% | ||
| Q3 25 | 33.7% | 4.2% | ||
| Q2 25 | 29.8% | 3.1% | ||
| Q1 25 | 16.8% | 1.2% | ||
| Q4 24 | 27.9% | 2.9% | ||
| Q3 24 | 14.7% | 3.6% | ||
| Q2 24 | 11.0% | 5.6% | ||
| Q1 24 | 17.0% | 4.1% |
现金转化率KNTKRXT
| Q4 25 | 0.26× | — | ||
| Q3 25 | 35.73× | — | ||
| Q2 25 | 5.46× | — | ||
| Q1 25 | 9.18× | — | ||
| Q4 24 | 8.88× | — | ||
| Q3 24 | 8.31× | — | ||
| Q2 24 | 3.37× | 0.96× | ||
| Q1 24 | 0.66× | — |
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
KNTK
| Natural Gas NG Ls And Condensate Sales | $325.5M | 76% |
| Gathering And Processing Services | $101.6M | 24% |
| Other | $3.3M | 1% |
| Barilla Draw | $2.3M | 1% |
RXT
| Public Cloud Services Segment | $442.2M | 65% |
| Private Cloud Service Segment | $240.6M | 35% |
