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拉扎德（LAZ）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
拉扎德的季度营收约是Rackspace Technology, Inc.的1.4倍（$929.4M vs $682.8M），拉扎德净利率更高（5.4% vs -4.8%，领先10.2%），拉扎德同比增速更快（10.8% vs -0.4%），拉扎德自由现金流更多（$396.1M vs $56.0M），过去两年拉扎德的营收复合增速更高（8.8% vs -0.6%）
拉扎德公司是一家美国金融咨询与资产管理机构，业务覆盖投资银行、资产管理及其他金融服务，核心客户以机构客户为主。作为全球规模最大的独立投资银行，其主要行政办公室分布于纽约、巴黎及伦敦三地。
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。
LAZ vs RXT — 直观对比
营收规模更大
LAZ
是对方的1.4倍
$682.8M
营收增速更快
LAZ
高出11.2%
-0.4%
净利率更高
LAZ
高出10.2%
-4.8%
自由现金流更多
LAZ
多$340.1M
$56.0M
两年增速更快
LAZ
近两年复合增速
-0.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $929.4M | $682.8M |
| 净利润 | $49.9M | $-32.7M |
| 毛利率 | — | 17.6% |
| 营业利润率 | 9.1% | -0.5% |
| 净利率 | 5.4% | -4.8% |
| 营收同比 | 10.8% | -0.4% |
| 净利润同比 | -42.2% | 41.6% |
| 每股收益（稀释后） | $0.44 | $-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LAZRXT
| Q4 25 | $929.4M | $682.8M | ||
| Q3 25 | $770.8M | $671.2M | ||
| Q2 25 | $817.2M | $666.3M | ||
| Q1 25 | $669.2M | $665.4M | ||
| Q4 24 | $839.0M | $685.6M | ||
| Q3 24 | $807.4M | $675.8M | ||
| Q2 24 | $708.0M | $684.9M | ||
| Q1 24 | $785.5M | $690.8M |
净利润LAZRXT
| Q4 25 | $49.9M | $-32.7M | ||
| Q3 25 | $71.2M | $-67.1M | ||
| Q2 25 | $55.3M | $-54.5M | ||
| Q1 25 | $60.4M | $-71.5M | ||
| Q4 24 | $86.3M | $-56.0M | ||
| Q3 24 | $107.9M | $-186.6M | ||
| Q2 24 | $49.9M | $25.0M | ||
| Q1 24 | $35.8M | $-640.6M |
毛利率LAZRXT
| 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LAZRXT
| Q4 25 | 9.1% | -0.5% | ||
| Q3 25 | 12.3% | -5.1% | ||
| Q2 25 | 11.4% | -3.8% | ||
| Q1 25 | 8.2% | -5.8% | ||
| Q4 24 | 12.8% | -4.2% | ||
| Q3 24 | 20.0% | -25.7% | ||
| Q2 24 | 9.0% | -7.9% | ||
| Q1 24 | 6.9% | -94.5% |
净利率LAZRXT
| Q4 25 | 5.4% | -4.8% | ||
| Q3 25 | 9.2% | -10.0% | ||
| Q2 25 | 6.8% | -8.2% | ||
| Q1 25 | 9.0% | -10.7% | ||
| Q4 24 | 10.3% | -8.2% | ||
| Q3 24 | 13.4% | -27.6% | ||
| Q2 24 | 7.0% | 3.7% | ||
| Q1 24 | 4.6% | -92.7% |
每股收益（稀释后）LAZRXT
| Q4 25 | $0.44 | $-0.13 | ||
| Q3 25 | $0.65 | $-0.28 | ||
| Q2 25 | $0.52 | $-0.23 | ||
| Q1 25 | $0.56 | $-0.31 | ||
| Q4 24 | $0.82 | $-0.20 | ||
| Q3 24 | $1.02 | $-0.82 | ||
| Q2 24 | $0.49 | $0.11 | ||
| Q1 24 | $0.35 | $-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 | $1.5B | $105.8M |
| 总债务越低越好 | $1.7B | $2.7B |
| 股东权益账面价值 | $873.7M | $-1.2B |
| 总资产 | $4.9B | $2.8B |
| 负债/权益比越低杠杆越低 | 1.93× | — |
8季度趋势，按日历期对齐
现金及短期投资LAZRXT
| Q4 25 | $1.5B | $105.8M | ||
| Q3 25 | $1.2B | $99.5M | ||
| Q2 25 | $978.3M | $103.9M | ||
| Q1 25 | $908.6M | $128.0M | ||
| Q4 24 | $1.3B | $144.0M | ||
| Q3 24 | $1.2B | $157.1M | ||
| Q2 24 | $847.6M | $190.2M | ||
| Q1 24 | $923.2M | $282.6M |
总债务LAZRXT
| Q4 25 | $1.7B | $2.7B | ||
| Q3 25 | $1.7B | $2.8B | ||
| Q2 25 | $1.7B | $2.8B | ||
| Q1 25 | $1.7B | $2.8B | ||
| Q4 24 | $1.7B | $2.8B | ||
| Q3 24 | $1.9B | $2.8B | ||
| Q2 24 | $1.9B | $2.9B | ||
| Q1 24 | $1.9B | $3.0B |
股东权益LAZRXT
| Q4 25 | $873.7M | $-1.2B | ||
| Q3 25 | $841.5M | $-1.2B | ||
| Q2 25 | $741.6M | $-1.1B | ||
| Q1 25 | $603.0M | $-1.1B | ||
| Q4 24 | $636.2M | $-1.0B | ||
| Q3 24 | $624.3M | $-949.7M | ||
| Q2 24 | $458.7M | $-756.2M | ||
| Q1 24 | $392.7M | $-787.2M |
总资产LAZRXT
| Q4 25 | $4.9B | $2.8B | ||
| Q3 25 | $4.6B | $2.8B | ||
| Q2 25 | $4.5B | $2.9B | ||
| Q1 25 | $4.2B | $3.0B | ||
| Q4 24 | $4.8B | $3.1B | ||
| Q3 24 | $4.8B | $3.1B | ||
| Q2 24 | $4.5B | $3.4B | ||
| Q1 24 | $4.6B | $3.5B |
负债/权益比LAZRXT
| Q4 25 | 1.93× | — | ||
| Q3 25 | 2.01× | — | ||
| Q2 25 | 2.28× | — | ||
| Q1 25 | 2.80× | — | ||
| Q4 24 | 2.65× | — | ||
| Q3 24 | 2.97× | — | ||
| Q2 24 | 4.04× | — | ||
| Q1 24 | 4.71× | — |
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 | $399.7M | $59.7M |
| 自由现金流经营现金流 - 资本支出 | $396.1M | $56.0M |
| 自由现金流率自由现金流/营收 | 42.6% | 8.2% |
| 资本支出强度资本支出/营收 | 0.4% | 0.5% |
| 现金转化率经营现金流/净利润 | 8.02× | — |
| 过去12个月自由现金流最近4个季度 | $487.4M | $90.6M |
8季度趋势，按日历期对齐
经营现金流LAZRXT
| Q4 25 | $399.7M | $59.7M | ||
| Q3 25 | $287.5M | $70.7M | ||
| Q2 25 | $49.7M | $8.4M | ||
| Q1 25 | $-217.5M | $12.6M | ||
| Q4 24 | $362.9M | $54.3M | ||
| Q3 24 | $293.7M | $51.8M | ||
| Q2 24 | $176.2M | $24.1M | ||
| Q1 24 | $-90.0M | $-90.3M |
自由现金流LAZRXT
| Q4 25 | $396.1M | $56.0M | ||
| Q3 25 | $284.6M | $42.7M | ||
| Q2 25 | $38.0M | $-12.4M | ||
| Q1 25 | $-231.3M | $4.3M | ||
| Q4 24 | $348.0M | $34.4M | ||
| Q3 24 | $276.2M | $27.3M | ||
| Q2 24 | $169.8M | $-14.5M | ||
| Q1 24 | $-96.6M | $-118.4M |
自由现金流率LAZRXT
| Q4 25 | 42.6% | 8.2% | ||
| Q3 25 | 36.9% | 6.4% | ||
| Q2 25 | 4.6% | -1.9% | ||
| Q1 25 | -34.6% | 0.6% | ||
| Q4 24 | 41.5% | 5.0% | ||
| Q3 24 | 34.2% | 4.0% | ||
| Q2 24 | 24.0% | -2.1% | ||
| Q1 24 | -12.3% | -17.1% |
资本支出强度LAZRXT
| Q4 25 | 0.4% | 0.5% | ||
| Q3 25 | 0.4% | 4.2% | ||
| Q2 25 | 1.4% | 3.1% | ||
| Q1 25 | 2.1% | 1.2% | ||
| Q4 24 | 1.8% | 2.9% | ||
| Q3 24 | 2.2% | 3.6% | ||
| Q2 24 | 0.9% | 5.6% | ||
| Q1 24 | 0.8% | 4.1% |
现金转化率LAZRXT
| Q4 25 | 8.02× | — | ||
| Q3 25 | 4.03× | — | ||
| Q2 25 | 0.90× | — | ||
| Q1 25 | -3.60× | — | ||
| Q4 24 | 4.20× | — | ||
| Q3 24 | 2.72× | — | ||
| Q2 24 | 3.53× | 0.96× | ||
| Q1 24 | -2.52× | — |
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
LAZ
| Financial Advisory Segment | $542.3M | 58% |
| Asset Management1 | $347.8M | 37% |
| Incentive Fees | $40.9M | 4% |
RXT
| Public Cloud Services Segment | $442.2M | 65% |
| Private Cloud Service Segment | $240.6M | 35% |
