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MAGNITE, INC.（MGNI）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
MAGNITE, INC.的季度营收约是RESOURCES CONNECTION, INC.的1.7倍（$205.4M vs $117.7M），MAGNITE, INC.净利率更高（59.9% vs -10.8%，领先70.7%），MAGNITE, INC.同比增速更快（5.9% vs -19.2%），MAGNITE, INC.自由现金流更多（$103.1M vs $15.6M），过去两年MAGNITE, INC.的营收复合增速更高（17.3% vs -11.8%）
Magnite是总部位于美国加利福尼亚州洛杉矶的在线广告技术企业，由Rubicon Project与Telaria于2020年合并成立，专注于广告技术领域的相关业务，为行业提供数字化广告技术解决方案。
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。
MGNI vs RGP — 直观对比
营收规模更大
MGNI
是对方的1.7倍
$117.7M
营收增速更快
MGNI
高出25.0%
-19.2%
净利率更高
MGNI
高出70.7%
-10.8%
自由现金流更多
MGNI
多$87.5M
$15.6M
两年增速更快
MGNI
近两年复合增速
-11.8%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $205.4M | $117.7M |
| 净利润 | $123.0M | $-12.7M |
| 毛利率 | 66.2% | 37.1% |
| 营业利润率 | 25.3% | -10.3% |
| 净利率 | 59.9% | -10.8% |
| 营收同比 | 5.9% | -19.2% |
| 净利润同比 | 238.0% | 81.6% |
| 每股收益（稀释后） | $0.81 | $-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
营收MGNIRGP
| Q4 25 | $205.4M | $117.7M | ||
| Q3 25 | $179.5M | $120.2M | ||
| Q2 25 | $173.3M | $139.3M | ||
| Q1 25 | $155.8M | $129.4M | ||
| Q4 24 | $194.0M | $145.6M | ||
| Q3 24 | $162.0M | $136.9M | ||
| Q2 24 | $162.9M | $148.2M | ||
| Q1 24 | $149.3M | $151.3M |
净利润MGNIRGP
| Q4 25 | $123.0M | $-12.7M | ||
| Q3 25 | $20.1M | $-2.4M | ||
| Q2 25 | $11.1M | $-73.3M | ||
| Q1 25 | $-9.6M | $-44.1M | ||
| Q4 24 | $36.4M | $-68.7M | ||
| Q3 24 | $5.2M | $-5.7M | ||
| Q2 24 | $-1.1M | $10.5M | ||
| Q1 24 | $-17.8M | $2.5M |
毛利率MGNIRGP
| Q4 25 | 66.2% | 37.1% | ||
| Q3 25 | 61.4% | 39.5% | ||
| Q2 25 | 62.5% | 40.2% | ||
| Q1 25 | 59.7% | 35.1% | ||
| Q4 24 | 65.1% | 38.5% | ||
| Q3 24 | 61.4% | 36.5% | ||
| Q2 24 | 61.6% | 40.2% | ||
| Q1 24 | 55.9% | 37.0% |
营业利润率MGNIRGP
| Q4 25 | 25.3% | -10.3% | ||
| Q3 25 | 14.0% | -1.7% | ||
| Q2 25 | 12.7% | -47.0% | ||
| Q1 25 | -0.9% | -38.4% | ||
| Q4 24 | 20.7% | -52.7% | ||
| Q3 24 | 9.3% | -3.5% | ||
| Q2 24 | 5.9% | 7.6% | ||
| Q1 24 | -9.3% | 2.8% |
净利率MGNIRGP
| Q4 25 | 59.9% | -10.8% | ||
| Q3 25 | 11.2% | -2.0% | ||
| Q2 25 | 6.4% | -52.6% | ||
| Q1 25 | -6.2% | -34.0% | ||
| Q4 24 | 18.8% | -47.2% | ||
| Q3 24 | 3.2% | -4.2% | ||
| Q2 24 | -0.7% | 7.1% | ||
| Q1 24 | -11.9% | 1.7% |
每股收益（稀释后）MGNIRGP
| Q4 25 | $0.81 | $-0.38 | ||
| Q3 25 | $0.13 | $-0.07 | ||
| Q2 25 | $0.08 | $-2.21 | ||
| Q1 25 | $-0.07 | $-1.34 | ||
| Q4 24 | $0.26 | $-2.08 | ||
| Q3 24 | $0.04 | $-0.17 | ||
| Q2 24 | $-0.01 | $0.31 | ||
| Q1 24 | $-0.13 | $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 | $553.4M | $89.8M |
| 总债务越低越好 | $556.1M | — |
| 股东权益账面价值 | $922.4M | $194.6M |
| 总资产 | $3.2B | $289.3M |
| 负债/权益比越低杠杆越低 | 0.60× | — |
8季度趋势，按日历期对齐
现金及短期投资MGNIRGP
| Q4 25 | $553.4M | $89.8M | ||
| Q3 25 | $482.1M | $77.5M | ||
| Q2 25 | $426.0M | $86.1M | ||
| Q1 25 | $429.7M | $72.5M | ||
| Q4 24 | $483.2M | $78.2M | ||
| Q3 24 | $387.2M | $89.6M | ||
| Q2 24 | $326.5M | $108.9M | ||
| Q1 24 | $252.8M | $113.8M |
总债务MGNIRGP
| Q4 25 | $556.1M | — | ||
| Q3 25 | $556.3M | — | ||
| Q2 25 | $556.4M | — | ||
| Q1 25 | $556.6M | — | ||
| Q4 24 | $553.7M | — | ||
| Q3 24 | $553.8M | — | ||
| Q2 24 | $552.7M | — | ||
| Q1 24 | $552.7M | — |
股东权益MGNIRGP
| Q4 25 | $922.4M | $194.6M | ||
| Q3 25 | $808.0M | $206.4M | ||
| Q2 25 | $768.5M | $207.1M | ||
| Q1 25 | $741.8M | $277.8M | ||
| Q4 24 | $768.2M | $325.7M | ||
| Q3 24 | $725.9M | $407.2M | ||
| Q2 24 | $713.0M | $418.8M | ||
| Q1 24 | $695.4M | $414.9M |
总资产MGNIRGP
| Q4 25 | $3.2B | $289.3M | ||
| Q3 25 | $2.9B | $287.2M | ||
| Q2 25 | $2.9B | $304.7M | ||
| Q1 25 | $2.7B | $375.6M | ||
| Q4 24 | $2.9B | $424.9M | ||
| Q3 24 | $2.7B | $512.9M | ||
| Q2 24 | $2.6B | $510.9M | ||
| Q1 24 | $2.5B | $523.2M |
负债/权益比MGNIRGP
| Q4 25 | 0.60× | — | ||
| Q3 25 | 0.69× | — | ||
| Q2 25 | 0.72× | — | ||
| Q1 25 | 0.75× | — | ||
| Q4 24 | 0.72× | — | ||
| Q3 24 | 0.76× | — | ||
| Q2 24 | 0.78× | — | ||
| Q1 24 | 0.79× | — |
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 | $128.5M | $15.9M |
| 自由现金流经营现金流 - 资本支出 | $103.1M | $15.6M |
| 自由现金流率自由现金流/营收 | 50.2% | 13.2% |
| 资本支出强度资本支出/营收 | 12.4% | 0.3% |
| 现金转化率经营现金流/净利润 | 1.04× | — |
| 过去12个月自由现金流最近4个季度 | $165.6M | $24.3M |
8季度趋势，按日历期对齐
经营现金流MGNIRGP
| Q4 25 | $128.5M | $15.9M | ||
| Q3 25 | $86.6M | $-7.8M | ||
| Q2 25 | $18.5M | $16.8M | ||
| Q1 25 | $2.6M | $659.0K | ||
| Q4 24 | $114.7M | $1.8M | ||
| Q3 24 | $91.3M | $-309.0K | ||
| Q2 24 | $89.6M | $3.2M | ||
| Q1 24 | $-60.4M | $20.5M |
自由现金流MGNIRGP
| Q4 25 | $103.1M | $15.6M | ||
| Q3 25 | $68.4M | $-8.0M | ||
| Q2 25 | $6.0M | $16.5M | ||
| Q1 25 | $-11.8M | $238.0K | ||
| Q4 24 | $111.0M | $61.0K | ||
| Q3 24 | $77.3M | $-575.0K | ||
| Q2 24 | $80.4M | $3.0M | ||
| Q1 24 | $-66.3M | $20.4M |
自由现金流率MGNIRGP
| Q4 25 | 50.2% | 13.2% | ||
| Q3 25 | 38.1% | -6.6% | ||
| Q2 25 | 3.5% | 11.8% | ||
| Q1 25 | -7.6% | 0.2% | ||
| Q4 24 | 57.2% | 0.0% | ||
| Q3 24 | 47.7% | -0.4% | ||
| Q2 24 | 49.4% | 2.1% | ||
| Q1 24 | -44.4% | 13.5% |
资本支出强度MGNIRGP
| Q4 25 | 12.4% | 0.3% | ||
| Q3 25 | 10.2% | 0.1% | ||
| Q2 25 | 7.2% | 0.2% | ||
| Q1 25 | 9.2% | 0.3% | ||
| Q4 24 | 1.9% | 1.2% | ||
| Q3 24 | 8.7% | 0.2% | ||
| Q2 24 | 5.6% | 0.1% | ||
| Q1 24 | 3.9% | 0.1% |
现金转化率MGNIRGP
| Q4 25 | 1.04× | — | ||
| Q3 25 | 4.32× | — | ||
| Q2 25 | 1.66× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 3.15× | — | ||
| Q3 24 | 17.52× | — | ||
| Q2 24 | — | 0.30× | ||
| Q1 24 | — | 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
MGNI
| Connected Television | $103.4M | 50% |
| Other | $55.7M | 27% |
| Desktop | $28.9M | 14% |
| Gross Revenue | $17.4M | 8% |
RGP
| US | $93.7M | 80% |
| Non Us | $24.0M | 20% |
