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玛斯特锁（MBC）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.的季度营收约是玛斯特锁的1.1倍（$682.8M vs $644.6M），Rackspace Technology, Inc.净利率更高（-4.8% vs -6.5%，领先1.7%），Rackspace Technology, Inc.同比增速更快（-0.4% vs -3.5%），Rackspace Technology, Inc.自由现金流更多（$56.0M vs $52.5M），过去两年玛斯特锁的营收复合增速更高（0.5% vs -0.6%）
玛斯特锁是美国知名安防产品供应商，1921年由锁匠发明家哈里·索雷夫创立，总部位于威斯康星州奥克里克，主营挂锁、密码锁、保险箱及相关安防产品，现为富俊创新集团旗下子公司，在全球安防锁具领域拥有较高的市场认可度。
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。
MBC vs RXT — 直观对比
营收规模更大
RXT
是对方的1.1倍
$644.6M
营收增速更快
RXT
高出3.1%
-3.5%
净利率更高
RXT
高出1.7%
-6.5%
自由现金流更多
RXT
多$3.5M
$52.5M
两年增速更快
MBC
近两年复合增速
-0.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $644.6M | $682.8M |
| 净利润 | $-42.0M | $-32.7M |
| 毛利率 | 26.0% | 17.6% |
| 营业利润率 | -4.2% | -0.5% |
| 净利率 | -6.5% | -4.8% |
| 营收同比 | -3.5% | -0.4% |
| 净利润同比 | -400.0% | 41.6% |
| 每股收益（稀释后） | $-0.32 | $-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MBCRXT
| Q4 25 | $644.6M | $682.8M | ||
| Q3 25 | $698.9M | $671.2M | ||
| Q2 25 | $730.9M | $666.3M | ||
| Q1 25 | $660.3M | $665.4M | ||
| Q4 24 | $667.7M | $685.6M | ||
| Q3 24 | $718.1M | $675.8M | ||
| Q2 24 | $676.5M | $684.9M | ||
| Q1 24 | $638.1M | $690.8M |
净利润MBCRXT
| Q4 25 | $-42.0M | $-32.7M | ||
| Q3 25 | $18.1M | $-67.1M | ||
| Q2 25 | $37.3M | $-54.5M | ||
| Q1 25 | $13.3M | $-71.5M | ||
| Q4 24 | $14.0M | $-56.0M | ||
| Q3 24 | $29.1M | $-186.6M | ||
| Q2 24 | $45.3M | $25.0M | ||
| Q1 24 | $37.5M | $-640.6M |
毛利率MBCRXT
| Q4 25 | 26.0% | 17.6% | ||
| Q3 25 | 31.2% | 19.4% | ||
| Q2 25 | 32.8% | 19.4% | ||
| Q1 25 | 30.6% | 19.1% | ||
| Q4 24 | 30.4% | 19.2% | ||
| Q3 24 | 33.1% | 20.3% | ||
| Q2 24 | 34.1% | 19.2% | ||
| Q1 24 | 32.1% | 19.2% |
营业利润率MBCRXT
| Q4 25 | -4.2% | -0.5% | ||
| Q3 25 | 6.0% | -5.1% | ||
| Q2 25 | 9.2% | -3.8% | ||
| Q1 25 | 5.6% | -5.8% | ||
| Q4 24 | 5.6% | -4.2% | ||
| Q3 24 | 8.0% | -25.7% | ||
| Q2 24 | 11.5% | -7.9% | ||
| Q1 24 | 9.8% | -94.5% |
净利率MBCRXT
| Q4 25 | -6.5% | -4.8% | ||
| Q3 25 | 2.6% | -10.0% | ||
| Q2 25 | 5.1% | -8.2% | ||
| Q1 25 | 2.0% | -10.7% | ||
| Q4 24 | 2.1% | -8.2% | ||
| Q3 24 | 4.1% | -27.6% | ||
| Q2 24 | 6.7% | 3.7% | ||
| Q1 24 | 5.9% | -92.7% |
每股收益（稀释后）MBCRXT
| Q4 25 | $-0.32 | $-0.13 | ||
| Q3 25 | $0.14 | $-0.28 | ||
| Q2 25 | $0.29 | $-0.23 | ||
| Q1 25 | $0.10 | $-0.31 | ||
| Q4 24 | $0.10 | $-0.20 | ||
| Q3 24 | $0.22 | $-0.82 | ||
| Q2 24 | $0.35 | $0.11 | ||
| Q1 24 | $0.29 | $-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 | $183.3M | $105.8M |
| 总债务越低越好 | — | $2.7B |
| 股东权益账面价值 | $1.3B | $-1.2B |
| 总资产 | $3.1B | $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MBCRXT
| Q4 25 | $183.3M | $105.8M | ||
| Q3 25 | $114.8M | $99.5M | ||
| Q2 25 | $120.1M | $103.9M | ||
| Q1 25 | $113.5M | $128.0M | ||
| Q4 24 | $120.6M | $144.0M | ||
| Q3 24 | $108.4M | $157.1M | ||
| Q2 24 | $189.4M | $190.2M | ||
| Q1 24 | $153.7M | $282.6M |
总债务MBCRXT
| Q4 25 | — | $2.7B | ||
| Q3 25 | — | $2.8B | ||
| Q2 25 | — | $2.8B | ||
| Q1 25 | — | $2.8B | ||
| Q4 24 | $1.0B | $2.8B | ||
| Q3 24 | $1.1B | $2.8B | ||
| Q2 24 | — | $2.9B | ||
| Q1 24 | — | $3.0B |
股东权益MBCRXT
| Q4 25 | $1.3B | $-1.2B | ||
| Q3 25 | $1.4B | $-1.2B | ||
| Q2 25 | $1.4B | $-1.1B | ||
| Q1 25 | $1.3B | $-1.1B | ||
| Q4 24 | $1.3B | $-1.0B | ||
| Q3 24 | $1.3B | $-949.7M | ||
| Q2 24 | $1.3B | $-756.2M | ||
| Q1 24 | $1.2B | $-787.2M |
总资产MBCRXT
| Q4 25 | $3.1B | $2.8B | ||
| Q3 25 | $3.0B | $2.8B | ||
| Q2 25 | $3.0B | $2.9B | ||
| Q1 25 | $3.0B | $3.0B | ||
| Q4 24 | $2.9B | $3.1B | ||
| Q3 24 | $3.0B | $3.1B | ||
| Q2 24 | $2.4B | $3.4B | ||
| Q1 24 | $2.4B | $3.5B |
负债/权益比MBCRXT
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.79× | — | ||
| Q3 24 | 0.83× | — | ||
| 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 | $86.9M | $59.7M |
| 自由现金流经营现金流 - 资本支出 | $52.5M | $56.0M |
| 自由现金流率自由现金流/营收 | 8.1% | 8.2% |
| 资本支出强度资本支出/营收 | 5.3% | 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 | $117.5M | $90.6M |
8季度趋势，按日历期对齐
经营现金流MBCRXT
| Q4 25 | $86.9M | $59.7M | ||
| Q3 25 | $55.4M | $70.7M | ||
| Q2 25 | $84.8M | $8.4M | ||
| Q1 25 | $-31.4M | $12.6M | ||
| Q4 24 | $115.1M | $54.3M | ||
| Q3 24 | $80.8M | $51.8M | ||
| Q2 24 | $77.4M | $24.1M | ||
| Q1 24 | $18.7M | $-90.3M |
自由现金流MBCRXT
| Q4 25 | $52.5M | $56.0M | ||
| Q3 25 | $39.5M | $42.7M | ||
| Q2 25 | $66.7M | $-12.4M | ||
| Q1 25 | $-41.2M | $4.3M | ||
| Q4 24 | $68.8M | $34.4M | ||
| Q3 24 | $64.5M | $27.3M | ||
| Q2 24 | $66.1M | $-14.5M | ||
| Q1 24 | $11.7M | $-118.4M |
自由现金流率MBCRXT
| Q4 25 | 8.1% | 8.2% | ||
| Q3 25 | 5.7% | 6.4% | ||
| Q2 25 | 9.1% | -1.9% | ||
| Q1 25 | -6.2% | 0.6% | ||
| Q4 24 | 10.3% | 5.0% | ||
| Q3 24 | 9.0% | 4.0% | ||
| Q2 24 | 9.8% | -2.1% | ||
| Q1 24 | 1.8% | -17.1% |
资本支出强度MBCRXT
| Q4 25 | 5.3% | 0.5% | ||
| Q3 25 | 2.3% | 4.2% | ||
| Q2 25 | 2.5% | 3.1% | ||
| Q1 25 | 1.5% | 1.2% | ||
| Q4 24 | 6.9% | 2.9% | ||
| Q3 24 | 2.3% | 3.6% | ||
| Q2 24 | 1.7% | 5.6% | ||
| Q1 24 | 1.1% | 4.1% |
现金转化率MBCRXT
| Q4 25 | — | — | ||
| Q3 25 | 3.06× | — | ||
| Q2 25 | 2.27× | — | ||
| Q1 25 | -2.36× | — | ||
| Q4 24 | 8.22× | — | ||
| Q3 24 | 2.78× | — | ||
| Q2 24 | 1.71× | 0.96× | ||
| Q1 24 | 0.50× | — |
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
MBC
| Dealers | $345.7M | 54% |
| Retail | $220.0M | 34% |
| Builders | $78.9M | 12% |
RXT
| Public Cloud Services Segment | $442.2M | 65% |
| Private Cloud Service Segment | $240.6M | 35% |
