vs
Marqeta, Inc.（MQ）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
Marqeta, Inc.的季度营收约是RESOURCES CONNECTION, INC.的1.5倍（$172.1M vs $117.7M），Marqeta, Inc.同比增速更快（26.7% vs -19.2%），Marqeta, Inc.自由现金流更多（$53.2M vs $15.6M），过去两年Marqeta, Inc.的营收复合增速更高（20.8% vs -11.8%）
Marqeta, Inc.运营云原生开放API平台，提供现代发卡与数字支付处理服务，可赋能金融科技初创企业、大型零售商及企业客户推出定制化实体、虚拟支付卡及嵌入式金融解决方案，服务覆盖全球消费及商业市场。
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。
MQ vs RGP — 直观对比
营收规模更大
MQ
是对方的1.5倍
$117.7M
营收增速更快
MQ
高出45.9%
-19.2%
自由现金流更多
MQ
多$37.6M
$15.6M
两年增速更快
MQ
近两年复合增速
-11.8%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $172.1M | $117.7M |
| 净利润 | — | $-12.7M |
| 毛利率 | 69.7% | 37.1% |
| 营业利润率 | -4.8% | -10.3% |
| 净利率 | — | -10.8% |
| 营收同比 | 26.7% | -19.2% |
| 净利润同比 | — | 81.6% |
| 每股收益（稀释后） | — | $-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MQRGP
| Q4 25 | $172.1M | $117.7M | ||
| Q3 25 | $163.3M | $120.2M | ||
| Q2 25 | $150.4M | $139.3M | ||
| Q1 25 | $139.1M | $129.4M | ||
| Q4 24 | $135.8M | $145.6M | ||
| Q3 24 | $128.0M | $136.9M | ||
| Q2 24 | $125.3M | $148.2M | ||
| Q1 24 | $118.0M | $151.3M |
净利润MQRGP
| Q4 25 | — | $-12.7M | ||
| Q3 25 | $-3.6M | $-2.4M | ||
| Q2 25 | $-647.0K | $-73.3M | ||
| Q1 25 | $-8.3M | $-44.1M | ||
| Q4 24 | — | $-68.7M | ||
| Q3 24 | $-28.6M | $-5.7M | ||
| Q2 24 | $119.1M | $10.5M | ||
| Q1 24 | $-36.1M | $2.5M |
毛利率MQRGP
| Q4 25 | 69.7% | 37.1% | ||
| Q3 25 | 70.1% | 39.5% | ||
| Q2 25 | 69.2% | 40.2% | ||
| Q1 25 | 71.0% | 35.1% | ||
| Q4 24 | 72.3% | 38.5% | ||
| Q3 24 | 70.4% | 36.5% | ||
| Q2 24 | 63.3% | 40.2% | ||
| Q1 24 | 71.3% | 37.0% |
营业利润率MQRGP
| Q4 25 | -4.8% | -10.3% | ||
| Q3 25 | -6.4% | -1.7% | ||
| Q2 25 | -6.1% | -47.0% | ||
| Q1 25 | -13.3% | -38.4% | ||
| Q4 24 | -27.6% | -52.7% | ||
| Q3 24 | -33.0% | -3.5% | ||
| Q2 24 | 83.9% | 7.6% | ||
| Q1 24 | -42.3% | 2.8% |
净利率MQRGP
| Q4 25 | — | -10.8% | ||
| Q3 25 | -2.2% | -2.0% | ||
| Q2 25 | -0.4% | -52.6% | ||
| Q1 25 | -5.9% | -34.0% | ||
| Q4 24 | — | -47.2% | ||
| Q3 24 | -22.4% | -4.2% | ||
| Q2 24 | 95.1% | 7.1% | ||
| Q1 24 | -30.6% | 1.7% |
每股收益（稀释后）MQRGP
| Q4 25 | — | $-0.38 | ||
| Q3 25 | — | $-0.07 | ||
| Q2 25 | — | $-2.21 | ||
| Q1 25 | — | $-1.34 | ||
| Q4 24 | — | $-2.08 | ||
| Q3 24 | — | $-0.17 | ||
| Q2 24 | — | $0.31 | ||
| Q1 24 | — | $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 | $709.4M | $89.8M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $762.0M | $194.6M |
| 总资产 | $1.5B | $289.3M |
| 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MQRGP
| Q4 25 | $709.4M | $89.8M | ||
| Q3 25 | $747.2M | $77.5M | ||
| Q2 25 | $732.7M | $86.1M | ||
| Q1 25 | $830.9M | $72.5M | ||
| Q4 24 | $923.0M | $78.2M | ||
| Q3 24 | $886.4M | $89.6M | ||
| Q2 24 | $924.7M | $108.9M | ||
| Q1 24 | $970.4M | $113.8M |
股东权益MQRGP
| Q4 25 | $762.0M | $194.6M | ||
| Q3 25 | $839.2M | $206.4M | ||
| Q2 25 | $843.4M | $207.1M | ||
| Q1 25 | $987.3M | $277.8M | ||
| Q4 24 | $1.1B | $325.7M | ||
| Q3 24 | $1.1B | $407.2M | ||
| Q2 24 | $1.1B | $418.8M | ||
| Q1 24 | $1.2B | $414.9M |
总资产MQRGP
| Q4 25 | $1.5B | $289.3M | ||
| Q3 25 | $1.5B | $287.2M | ||
| Q2 25 | $1.2B | $304.7M | ||
| Q1 25 | $1.3B | $375.6M | ||
| Q4 24 | $1.5B | $424.9M | ||
| Q3 24 | $1.4B | $512.9M | ||
| Q2 24 | $1.5B | $510.9M | ||
| Q1 24 | $1.6B | $523.2M |
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 | $53.3M | $15.9M |
| 自由现金流经营现金流 - 资本支出 | $53.2M | $15.6M |
| 自由现金流率自由现金流/营收 | 30.9% | 13.2% |
| 资本支出强度资本支出/营收 | 0.1% | 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 | $160.5M | $24.3M |
8季度趋势，按日历期对齐
经营现金流MQRGP
| Q4 25 | $53.3M | $15.9M | ||
| Q3 25 | $86.8M | $-7.8M | ||
| Q2 25 | $12.5M | $16.8M | ||
| Q1 25 | $10.0M | $659.0K | ||
| Q4 24 | $24.8M | $1.8M | ||
| Q3 24 | $7.3M | $-309.0K | ||
| Q2 24 | $25.7M | $3.2M | ||
| Q1 24 | $426.0K | $20.5M |
自由现金流MQRGP
| Q4 25 | $53.2M | $15.6M | ||
| Q3 25 | $86.4M | $-8.0M | ||
| Q2 25 | $12.2M | $16.5M | ||
| Q1 25 | $8.7M | $238.0K | ||
| Q4 24 | $24.7M | $61.0K | ||
| Q3 24 | $7.1M | $-575.0K | ||
| Q2 24 | $24.7M | $3.0M | ||
| Q1 24 | $-765.0K | $20.4M |
自由现金流率MQRGP
| Q4 25 | 30.9% | 13.2% | ||
| Q3 25 | 52.9% | -6.6% | ||
| Q2 25 | 8.1% | 11.8% | ||
| Q1 25 | 6.3% | 0.2% | ||
| Q4 24 | 18.2% | 0.0% | ||
| Q3 24 | 5.5% | -0.4% | ||
| Q2 24 | 19.7% | 2.1% | ||
| Q1 24 | -0.6% | 13.5% |
资本支出强度MQRGP
| Q4 25 | 0.1% | 0.3% | ||
| Q3 25 | 0.2% | 0.1% | ||
| Q2 25 | 0.2% | 0.2% | ||
| Q1 25 | 0.9% | 0.3% | ||
| Q4 24 | 0.0% | 1.2% | ||
| Q3 24 | 0.1% | 0.2% | ||
| Q2 24 | 0.8% | 0.1% | ||
| Q1 24 | 1.0% | 0.1% |
现金转化率MQRGP
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 0.22× | 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
MQ
| Platform Service Revenue Net | $163.4M | 95% |
| Other Services Revenue | $8.8M | 5% |
RGP
| US | $93.7M | 80% |
| Non Us | $24.0M | 20% |
