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MARA Holdings, Inc.（MARA）与RESOURCES CONNECTION, INC.（RGP）财务数据对比。点击上方公司名可切换其他公司
MARA Holdings, Inc.的季度营收约是RESOURCES CONNECTION, INC.的1.7倍（$202.3M vs $117.7M），RESOURCES CONNECTION, INC.净利率更高（-10.8% vs -14298.3%，领先14287.5%），MARA Holdings, Inc.同比增速更快（-5.6% vs -19.2%），RESOURCES CONNECTION, INC.自由现金流更多（$15.6M vs $-1.2B），过去两年MARA Holdings, Inc.的营收复合增速更高（10.7% vs -11.8%）
MARA Holdings, Inc.是一家美国数字资产技术及加密货币挖矿企业，总部位于佛罗里达州劳德代尔堡。公司成立于2010年，最初以专利控股公司的模式运营，2010年代后期转向专注于区块链基础设施与数字资产相关业务。
RGP原名 Resources Global Professionals，是 Resources Connection, Inc. 的核心运营主体，面向全球客户提供多领域专业咨询服务，覆盖财务会计、信息管理、治理风险合规、人力资本、法务监管、企业咨询与重组、战略传播以及供应链管理等板块。
MARA vs RGP — 直观对比
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $202.3M | $117.7M |
| 净利润 | $-1.7B | $-12.7M |
| 毛利率 | — | 37.1% |
| 营业利润率 | -11795.9% | -10.3% |
| 净利率 | -14298.3% | -10.8% |
| 营收同比 | -5.6% | -19.2% |
| 净利润同比 | -423.5% | 81.6% |
| 每股收益（稀释后） | $-4.25 | $-0.38 |
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
| Q4 25 | $202.3M | $117.7M | ||
| Q3 25 | $252.4M | $120.2M | ||
| Q2 25 | $238.5M | $139.3M | ||
| Q1 25 | $213.9M | $129.4M | ||
| Q4 24 | $214.4M | $145.6M | ||
| Q3 24 | $131.6M | $136.9M | ||
| Q2 24 | $145.1M | $148.2M | ||
| Q1 24 | $165.2M | $151.3M |
| Q4 25 | $-1.7B | $-12.7M | ||
| Q3 25 | $123.1M | $-2.4M | ||
| Q2 25 | $808.2M | $-73.3M | ||
| Q1 25 | $-533.4M | $-44.1M | ||
| Q4 24 | $528.5M | $-68.7M | ||
| Q3 24 | $-124.8M | $-5.7M | ||
| Q2 24 | $-199.7M | $10.5M | ||
| Q1 24 | $337.2M | $2.5M |
| Q4 25 | — | 37.1% | ||
| Q3 25 | — | 39.5% | ||
| Q2 25 | — | 40.2% | ||
| Q1 25 | — | 35.1% | ||
| Q4 24 | -2613.4% | 38.5% | ||
| Q3 24 | -1065.0% | 36.5% | ||
| Q2 24 | -587.6% | 40.2% | ||
| Q1 24 | -289.4% | 37.0% |
| Q4 25 | -11795.9% | -10.3% | ||
| Q3 25 | 18.9% | -1.7% | ||
| Q2 25 | — | -47.0% | ||
| Q1 25 | -253.0% | -38.4% | ||
| Q4 24 | — | -52.7% | ||
| Q3 24 | -130.8% | -3.5% | ||
| Q2 24 | -160.1% | 7.6% | ||
| Q1 24 | — | 2.8% |
| Q4 25 | -14298.3% | -10.8% | ||
| Q3 25 | 48.8% | -2.0% | ||
| Q2 25 | 338.9% | -52.6% | ||
| Q1 25 | -249.4% | -34.0% | ||
| Q4 24 | 5367.4% | -47.2% | ||
| Q3 24 | -94.8% | -4.2% | ||
| Q2 24 | -137.6% | 7.1% | ||
| Q1 24 | 204.1% | 1.7% |
| Q4 25 | $-4.25 | $-0.38 | ||
| Q3 25 | $0.27 | $-0.07 | ||
| Q2 25 | $1.84 | $-2.21 | ||
| Q1 25 | $-1.55 | $-1.34 | ||
| Q4 24 | $1.60 | $-2.08 | ||
| Q3 24 | $-0.42 | $-0.17 | ||
| Q2 24 | $-0.72 | $0.31 | ||
| Q1 24 | $1.26 | $0.08 |
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 | $547.1M | $89.8M |
| 总债务越低越好 | $3.6B | — |
| 股东权益账面价值 | $3.5B | $194.6M |
| 总资产 | $7.3B | $289.3M |
| 负债/权益比越低杠杆越低 | 1.04× | — |
8季度趋势，按日历期对齐
| Q4 25 | $547.1M | $89.8M | ||
| Q3 25 | $826.4M | $77.5M | ||
| Q2 25 | $109.5M | $86.1M | ||
| Q1 25 | $196.2M | $72.5M | ||
| Q4 24 | $391.8M | $78.2M | ||
| Q3 24 | $164.3M | $89.6M | ||
| Q2 24 | $256.0M | $108.9M | ||
| Q1 24 | $324.3M | $113.8M |
| Q4 25 | $3.6B | — | ||
| Q3 25 | $3.2B | — | ||
| Q2 25 | $2.3B | — | ||
| Q1 25 | $2.3B | — | ||
| Q4 24 | $2.4B | — | ||
| Q3 24 | $618.7M | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $3.5B | $194.6M | ||
| Q3 25 | $5.2B | $206.4M | ||
| Q2 25 | $4.8B | $207.1M | ||
| Q1 25 | $3.7B | $277.8M | ||
| Q4 24 | $4.1B | $325.7M | ||
| Q3 24 | $2.9B | $407.2M | ||
| Q2 24 | $2.6B | $418.8M | ||
| Q1 24 | $2.5B | $414.9M |
| Q4 25 | $7.3B | $289.3M | ||
| Q3 25 | $9.2B | $287.2M | ||
| Q2 25 | $7.7B | $304.7M | ||
| Q1 25 | $6.4B | $375.6M | ||
| Q4 24 | $6.8B | $424.9M | ||
| Q3 24 | $3.6B | $512.9M | ||
| Q2 24 | $3.1B | $510.9M | ||
| Q1 24 | $3.0B | $523.2M |
| Q4 25 | 1.04× | — | ||
| Q3 25 | 0.63× | — | ||
| Q2 25 | 0.47× | — | ||
| Q1 25 | 0.62× | — | ||
| Q4 24 | 0.59× | — | ||
| Q3 24 | 0.22× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $-802.7M | $15.9M |
| 自由现金流经营现金流 - 资本支出 | $-1.2B | $15.6M |
| 自由现金流率自由现金流/营收 | -598.0% | 13.2% |
| 资本支出强度资本支出/营收 | 201.2% | 0.3% |
| 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 | $-2.0B | $24.3M |
8季度趋势，按日历期对齐
| Q4 25 | $-802.7M | $15.9M | ||
| Q3 25 | $-199.0M | $-7.8M | ||
| Q2 25 | $-163.4M | $16.8M | ||
| Q1 25 | $-215.5M | $659.0K | ||
| Q4 24 | $-677.0M | $1.8M | ||
| Q3 24 | $-160.1M | $-309.0K | ||
| Q2 24 | $-115.2M | $3.2M | ||
| Q1 24 | $-88.3M | $20.5M |
| Q4 25 | $-1.2B | $15.6M | ||
| Q3 25 | $-283.9M | $-8.0M | ||
| Q2 25 | $-282.4M | $16.5M | ||
| Q1 25 | $-254.3M | $238.0K | ||
| Q4 24 | $-927.8M | $61.0K | ||
| Q3 24 | $-198.1M | $-575.0K | ||
| Q2 24 | $-132.4M | $3.0M | ||
| Q1 24 | $-97.4M | $20.4M |
| Q4 25 | -598.0% | 13.2% | ||
| Q3 25 | -112.5% | -6.6% | ||
| Q2 25 | -118.4% | 11.8% | ||
| Q1 25 | -118.9% | 0.2% | ||
| Q4 24 | -432.8% | 0.0% | ||
| Q3 24 | -150.5% | -0.4% | ||
| Q2 24 | -91.2% | 2.1% | ||
| Q1 24 | -59.0% | 13.5% |
| Q4 25 | 201.2% | 0.3% | ||
| Q3 25 | 33.6% | 0.1% | ||
| Q2 25 | 49.9% | 0.2% | ||
| Q1 25 | 18.2% | 0.3% | ||
| Q4 24 | 117.0% | 1.2% | ||
| Q3 24 | 28.9% | 0.2% | ||
| Q2 24 | 11.9% | 0.1% | ||
| Q1 24 | 5.5% | 0.1% |
| Q4 25 | — | — | ||
| Q3 25 | -1.62× | — | ||
| Q2 25 | -0.20× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | -1.28× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 0.30× | ||
| Q1 24 | -0.26× | 8.04× |
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
MARA
暂无分部数据
RGP
| US | $93.7M | 80% |
| Non Us | $24.0M | 20% |
