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MDU RESOURCES GROUP INC（MDU）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MDU RESOURCES GROUP INC的1.3倍（$682.8M vs $522.6M），MDU RESOURCES GROUP INC净利率更高（14.6% vs -4.8%，领先19.4%），Rackspace Technology, Inc.同比增速更快（-0.4% vs -1.6%），Rackspace Technology, Inc.自由现金流更多（$56.0M vs $-336.0M），过去两年Rackspace Technology, Inc.的营收复合增速更高（-0.6% vs -5.7%）
MDU资源集团是一家总部位于美国北达科他州俾斯麦的企业，业务涵盖受监管的能源输送供应，以及公用事业相关的建筑材料与服务，业务范围覆盖美国48个州，是当地能源及基建服务领域的重要参与者。
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。
MDU vs RXT — 直观对比
营收规模更大
RXT
是对方的1.3倍
$522.6M
营收增速更快
RXT
高出1.2%
-1.6%
净利率更高
MDU
高出19.4%
-4.8%
自由现金流更多
RXT
多$392.0M
$-336.0M
两年增速更快
RXT
近两年复合增速
-5.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $522.6M | $682.8M |
| 净利润 | $76.3M | $-32.7M |
| 毛利率 | — | 17.6% |
| 营业利润率 | 20.5% | -0.5% |
| 净利率 | 14.6% | -4.8% |
| 营收同比 | -1.6% | -0.4% |
| 净利润同比 | 38.4% | 41.6% |
| 每股收益（稀释后） | $0.37 | $-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MDURXT
| Q4 25 | $522.6M | $682.8M | ||
| Q3 25 | $313.6M | $671.2M | ||
| Q2 25 | $348.7M | $666.3M | ||
| Q1 25 | $678.0M | $665.4M | ||
| Q4 24 | $531.0M | $685.6M | ||
| Q3 24 | $290.7M | $675.8M | ||
| Q2 24 | $343.1M | $684.9M | ||
| Q1 24 | $588.2M | $690.8M |
净利润MDURXT
| Q4 25 | $76.3M | $-32.7M | ||
| Q3 25 | $18.3M | $-67.1M | ||
| Q2 25 | $13.8M | $-54.5M | ||
| Q1 25 | $82.0M | $-71.5M | ||
| Q4 24 | $55.2M | $-56.0M | ||
| Q3 24 | $64.6M | $-186.6M | ||
| Q2 24 | $60.4M | $25.0M | ||
| Q1 24 | $100.9M | $-640.6M |
毛利率MDURXT
| 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MDURXT
| Q4 25 | 20.5% | -0.5% | ||
| Q3 25 | 12.7% | -5.1% | ||
| Q2 25 | 8.7% | -3.8% | ||
| Q1 25 | 16.6% | -5.8% | ||
| Q4 24 | 17.8% | -4.2% | ||
| Q3 24 | 12.0% | -25.7% | ||
| Q2 24 | 11.5% | -7.9% | ||
| Q1 24 | 16.4% | -94.5% |
净利率MDURXT
| Q4 25 | 14.6% | -4.8% | ||
| Q3 25 | 5.8% | -10.0% | ||
| Q2 25 | 4.0% | -8.2% | ||
| Q1 25 | 12.1% | -10.7% | ||
| Q4 24 | 10.4% | -8.2% | ||
| Q3 24 | 22.2% | -27.6% | ||
| Q2 24 | 17.6% | 3.7% | ||
| Q1 24 | 17.2% | -92.7% |
每股收益（稀释后）MDURXT
| Q4 25 | $0.37 | $-0.13 | ||
| Q3 25 | $0.09 | $-0.28 | ||
| Q2 25 | $0.07 | $-0.23 | ||
| Q1 25 | $0.40 | $-0.31 | ||
| Q4 24 | $0.26 | $-0.20 | ||
| Q3 24 | $0.32 | $-0.82 | ||
| Q2 24 | $0.30 | $0.11 | ||
| Q1 24 | $0.49 | $-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 | $28.2M | $105.8M |
| 总债务越低越好 | $2.7B | $2.7B |
| 股东权益账面价值 | $2.8B | $-1.2B |
| 总资产 | $7.6B | $2.8B |
| 负债/权益比越低杠杆越低 | 0.97× | — |
8季度趋势，按日历期对齐
现金及短期投资MDURXT
| Q4 25 | $28.2M | $105.8M | ||
| Q3 25 | $75.9M | $99.5M | ||
| Q2 25 | $58.8M | $103.9M | ||
| Q1 25 | $59.5M | $128.0M | ||
| Q4 24 | $66.9M | $144.0M | ||
| Q3 24 | $88.3M | $157.1M | ||
| Q2 24 | $78.8M | $190.2M | ||
| Q1 24 | $72.7M | $282.6M |
总债务MDURXT
| Q4 25 | $2.7B | $2.7B | ||
| Q3 25 | $2.4B | $2.8B | ||
| Q2 25 | $2.2B | $2.8B | ||
| Q1 25 | $2.2B | $2.8B | ||
| Q4 24 | $2.3B | $2.8B | ||
| Q3 24 | $2.3B | $2.8B | ||
| Q2 24 | $2.3B | $2.9B | ||
| Q1 24 | $2.3B | $3.0B |
股东权益MDURXT
| Q4 25 | $2.8B | $-1.2B | ||
| Q3 25 | $2.7B | $-1.2B | ||
| Q2 25 | $2.7B | $-1.1B | ||
| Q1 25 | $2.7B | $-1.1B | ||
| Q4 24 | $2.7B | $-1.0B | ||
| Q3 24 | $3.1B | $-949.7M | ||
| Q2 24 | $3.0B | $-756.2M | ||
| Q1 24 | $3.0B | $-787.2M |
总资产MDURXT
| Q4 25 | $7.6B | $2.8B | ||
| Q3 25 | $7.2B | $2.8B | ||
| Q2 25 | $6.9B | $2.9B | ||
| Q1 25 | $7.0B | $3.0B | ||
| Q4 24 | $7.0B | $3.1B | ||
| Q3 24 | $8.2B | $3.1B | ||
| Q2 24 | $8.0B | $3.4B | ||
| Q1 24 | $7.8B | $3.5B |
负债/权益比MDURXT
| Q4 25 | 0.97× | — | ||
| Q3 25 | 0.86× | — | ||
| Q2 25 | 0.80× | — | ||
| Q1 25 | 0.80× | — | ||
| Q4 24 | 0.85× | — | ||
| Q3 24 | 0.76× | — | ||
| Q2 24 | 0.75× | — | ||
| Q1 24 | 0.76× | — |
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 | $80.6M | $59.7M |
| 自由现金流经营现金流 - 资本支出 | $-336.0M | $56.0M |
| 自由现金流率自由现金流/营收 | -64.3% | 8.2% |
| 资本支出强度资本支出/营收 | 79.7% | 0.5% |
| 现金转化率经营现金流/净利润 | 1.06× | — |
| 过去12个月自由现金流最近4个季度 | $-297.0M | $90.6M |
8季度趋势，按日历期对齐
经营现金流MDURXT
| Q4 25 | $80.6M | $59.7M | ||
| Q3 25 | $57.9M | $70.7M | ||
| Q2 25 | $117.4M | $8.4M | ||
| Q1 25 | $217.5M | $12.6M | ||
| Q4 24 | $60.5M | $54.3M | ||
| Q3 24 | $140.2M | $51.8M | ||
| Q2 24 | $136.5M | $24.1M | ||
| Q1 24 | $165.1M | $-90.3M |
自由现金流MDURXT
| Q4 25 | $-336.0M | $56.0M | ||
| Q3 25 | $-121.9M | $42.7M | ||
| Q2 25 | $36.5M | $-12.4M | ||
| Q1 25 | $124.4M | $4.3M | ||
| Q4 24 | $-95.8M | $34.4M | ||
| Q3 24 | $673.0K | $27.3M | ||
| Q2 24 | $26.5M | $-14.5M | ||
| Q1 24 | $48.1M | $-118.4M |
自由现金流率MDURXT
| Q4 25 | -64.3% | 8.2% | ||
| Q3 25 | -38.9% | 6.4% | ||
| Q2 25 | 10.5% | -1.9% | ||
| Q1 25 | 18.4% | 0.6% | ||
| Q4 24 | -18.0% | 5.0% | ||
| Q3 24 | 0.2% | 4.0% | ||
| Q2 24 | 7.7% | -2.1% | ||
| Q1 24 | 8.2% | -17.1% |
资本支出强度MDURXT
| Q4 25 | 79.7% | 0.5% | ||
| Q3 25 | 57.3% | 4.2% | ||
| Q2 25 | 23.2% | 3.1% | ||
| Q1 25 | 13.7% | 1.2% | ||
| Q4 24 | 29.4% | 2.9% | ||
| Q3 24 | 48.0% | 3.6% | ||
| Q2 24 | 32.0% | 5.6% | ||
| Q1 24 | 19.9% | 4.1% |
现金转化率MDURXT
| Q4 25 | 1.06× | — | ||
| Q3 25 | 3.16× | — | ||
| Q2 25 | 8.52× | — | ||
| Q1 25 | 2.65× | — | ||
| Q4 24 | 1.10× | — | ||
| Q3 24 | 2.17× | — | ||
| Q2 24 | 2.26× | 0.96× | ||
| Q1 24 | 1.64× | — |
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
MDU
| Natural Gas Distribution | $382.8M | 73% |
| Commercial Utility Sales | $42.7M | 8% |
| Residential Utility Sales | $33.7M | 6% |
| Pipelineand Midstream | $31.1M | 6% |
| Natural Gas Transportation | $17.2M | 3% |
| Industrial Utility Sales | $10.1M | 2% |
| Natural Gas Storage | $6.4M | 1% |
| Other Utility Sales | $1.9M | 0% |
RXT
| Public Cloud Services Segment | $442.2M | 65% |
| Private Cloud Service Segment | $240.6M | 35% |
