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MSA Safety Inc（MSA）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MSA Safety Inc的1.3倍（$682.8M vs $510.9M），MSA Safety Inc净利率更高（17.0% vs -4.8%，领先21.8%），MSA Safety Inc同比增速更快（2.2% vs -0.4%），MSA Safety Inc自由现金流更多（$106.0M vs $56.0M），过去两年MSA Safety Inc的营收复合增速更高（11.2% vs -0.6%）
MSA安全是美国专业安全设备生产供应商，面向建筑、军事、消防、化工、油气等存在高危作业场景的多个行业提供安全防护产品及解决方案，总部位于美国匹兹堡近郊的克兰伯里。
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。
MSA vs RXT — 直观对比
营收规模更大
RXT
是对方的1.3倍
$510.9M
营收增速更快
MSA
高出2.7%
-0.4%
净利率更高
MSA
高出21.8%
-4.8%
自由现金流更多
MSA
多$50.0M
$56.0M
两年增速更快
MSA
近两年复合增速
-0.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $510.9M | $682.8M |
| 净利润 | $86.9M | $-32.7M |
| 毛利率 | 46.9% | 17.6% |
| 营业利润率 | 22.3% | -0.5% |
| 净利率 | 17.0% | -4.8% |
| 营收同比 | 2.2% | -0.4% |
| 净利润同比 | -1.2% | 41.6% |
| 每股收益（稀释后） | $2.22 | $-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MSARXT
| Q4 25 | $510.9M | $682.8M | ||
| Q3 25 | $468.4M | $671.2M | ||
| Q2 25 | $474.1M | $666.3M | ||
| Q1 25 | $421.3M | $665.4M | ||
| Q4 24 | $499.7M | $685.6M | ||
| Q3 24 | $432.7M | $675.8M | ||
| Q2 24 | $462.5M | $684.9M | ||
| Q1 24 | $413.3M | $690.8M |
净利润MSARXT
| Q4 25 | $86.9M | $-32.7M | ||
| Q3 25 | $69.6M | $-67.1M | ||
| Q2 25 | $62.8M | $-54.5M | ||
| Q1 25 | $59.6M | $-71.5M | ||
| Q4 24 | $87.9M | $-56.0M | ||
| Q3 24 | $66.6M | $-186.6M | ||
| Q2 24 | $72.2M | $25.0M | ||
| Q1 24 | $58.1M | $-640.6M |
毛利率MSARXT
| Q4 25 | 46.9% | 17.6% | ||
| Q3 25 | 46.5% | 19.4% | ||
| Q2 25 | 46.6% | 19.4% | ||
| Q1 25 | 45.9% | 19.1% | ||
| Q4 24 | 46.9% | 19.2% | ||
| Q3 24 | 47.9% | 20.3% | ||
| Q2 24 | 48.2% | 19.2% | ||
| Q1 24 | 47.3% | 19.2% |
营业利润率MSARXT
| Q4 25 | 22.3% | -0.5% | ||
| Q3 25 | 20.1% | -5.1% | ||
| Q2 25 | 18.1% | -3.8% | ||
| Q1 25 | 18.5% | -5.8% | ||
| Q4 24 | 23.5% | -4.2% | ||
| Q3 24 | 21.1% | -25.7% | ||
| Q2 24 | 21.6% | -7.9% | ||
| Q1 24 | 19.4% | -94.5% |
净利率MSARXT
| Q4 25 | 17.0% | -4.8% | ||
| Q3 25 | 14.9% | -10.0% | ||
| Q2 25 | 13.2% | -8.2% | ||
| Q1 25 | 14.1% | -10.7% | ||
| Q4 24 | 17.6% | -8.2% | ||
| Q3 24 | 15.4% | -27.6% | ||
| Q2 24 | 15.6% | 3.7% | ||
| Q1 24 | 14.1% | -92.7% |
每股收益（稀释后）MSARXT
| Q4 25 | $2.22 | $-0.13 | ||
| Q3 25 | $1.77 | $-0.28 | ||
| Q2 25 | $1.59 | $-0.23 | ||
| Q1 25 | $1.51 | $-0.31 | ||
| Q4 24 | $2.22 | $-0.20 | ||
| Q3 24 | $1.69 | $-0.82 | ||
| Q2 24 | $1.83 | $0.11 | ||
| Q1 24 | $1.47 | $-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 | $165.1M | $105.8M |
| 总债务越低越好 | $580.9M | $2.7B |
| 股东权益账面价值 | $1.4B | $-1.2B |
| 总资产 | $2.6B | $2.8B |
| 负债/权益比越低杠杆越低 | 0.42× | — |
8季度趋势，按日历期对齐
现金及短期投资MSARXT
| Q4 25 | $165.1M | $105.8M | ||
| Q3 25 | $170.0M | $99.5M | ||
| Q2 25 | $147.0M | $103.9M | ||
| Q1 25 | $170.6M | $128.0M | ||
| Q4 24 | $164.6M | $144.0M | ||
| Q3 24 | $154.4M | $157.1M | ||
| Q2 24 | $146.8M | $190.2M | ||
| Q1 24 | $148.3M | $282.6M |
总债务MSARXT
| Q4 25 | $580.9M | $2.7B | ||
| Q3 25 | $628.6M | $2.8B | ||
| Q2 25 | $679.3M | $2.8B | ||
| Q1 25 | $502.1M | $2.8B | ||
| Q4 24 | $508.0M | $2.8B | ||
| Q3 24 | $554.7M | $2.8B | ||
| Q2 24 | $588.2M | $2.9B | ||
| Q1 24 | $596.2M | $3.0B |
股东权益MSARXT
| Q4 25 | $1.4B | $-1.2B | ||
| Q3 25 | $1.3B | $-1.2B | ||
| Q2 25 | $1.3B | $-1.1B | ||
| Q1 25 | $1.2B | $-1.1B | ||
| Q4 24 | $1.1B | $-1.0B | ||
| Q3 24 | $1.1B | $-949.7M | ||
| Q2 24 | $1.0B | $-756.2M | ||
| Q1 24 | $994.8M | $-787.2M |
总资产MSARXT
| Q4 25 | $2.6B | $2.8B | ||
| Q3 25 | $2.6B | $2.8B | ||
| Q2 25 | $2.6B | $2.9B | ||
| Q1 25 | $2.2B | $3.0B | ||
| Q4 24 | $2.2B | $3.1B | ||
| Q3 24 | $2.2B | $3.1B | ||
| Q2 24 | $2.2B | $3.4B | ||
| Q1 24 | $2.2B | $3.5B |
负债/权益比MSARXT
| Q4 25 | 0.42× | — | ||
| Q3 25 | 0.48× | — | ||
| Q2 25 | 0.54× | — | ||
| Q1 25 | 0.42× | — | ||
| Q4 24 | 0.44× | — | ||
| Q3 24 | 0.51× | — | ||
| Q2 24 | 0.57× | — | ||
| Q1 24 | 0.60× | — |
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 | $122.4M | $59.7M |
| 自由现金流经营现金流 - 资本支出 | $106.0M | $56.0M |
| 自由现金流率自由现金流/营收 | 20.8% | 8.2% |
| 资本支出强度资本支出/营收 | 3.2% | 0.5% |
| 现金转化率经营现金流/净利润 | 1.41× | — |
| 过去12个月自由现金流最近4个季度 | $295.4M | $90.6M |
8季度趋势，按日历期对齐
经营现金流MSARXT
| Q4 25 | $122.4M | $59.7M | ||
| Q3 25 | $112.5M | $70.7M | ||
| Q2 25 | $67.2M | $8.4M | ||
| Q1 25 | $61.8M | $12.6M | ||
| Q4 24 | $107.9M | $54.3M | ||
| Q3 24 | $84.3M | $51.8M | ||
| Q2 24 | $53.3M | $24.1M | ||
| Q1 24 | $50.9M | $-90.3M |
自由现金流MSARXT
| Q4 25 | $106.0M | $56.0M | ||
| Q3 25 | $100.5M | $42.7M | ||
| Q2 25 | $37.9M | $-12.4M | ||
| Q1 25 | $51.0M | $4.3M | ||
| Q4 24 | $93.5M | $34.4M | ||
| Q3 24 | $70.1M | $27.3M | ||
| Q2 24 | $39.0M | $-14.5M | ||
| Q1 24 | $39.7M | $-118.4M |
自由现金流率MSARXT
| Q4 25 | 20.8% | 8.2% | ||
| Q3 25 | 21.4% | 6.4% | ||
| Q2 25 | 8.0% | -1.9% | ||
| Q1 25 | 12.1% | 0.6% | ||
| Q4 24 | 18.7% | 5.0% | ||
| Q3 24 | 16.2% | 4.0% | ||
| Q2 24 | 8.4% | -2.1% | ||
| Q1 24 | 9.6% | -17.1% |
资本支出强度MSARXT
| Q4 25 | 3.2% | 0.5% | ||
| Q3 25 | 2.6% | 4.2% | ||
| Q2 25 | 6.2% | 3.1% | ||
| Q1 25 | 2.6% | 1.2% | ||
| Q4 24 | 2.9% | 2.9% | ||
| Q3 24 | 3.3% | 3.6% | ||
| Q2 24 | 3.1% | 5.6% | ||
| Q1 24 | 2.7% | 4.1% |
现金转化率MSARXT
| Q4 25 | 1.41× | — | ||
| Q3 25 | 1.62× | — | ||
| Q2 25 | 1.07× | — | ||
| Q1 25 | 1.04× | — | ||
| Q4 24 | 1.23× | — | ||
| Q3 24 | 1.27× | — | ||
| Q2 24 | 0.74× | 0.96× | ||
| Q1 24 | 0.88× | — |
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
MSA
| Americas Segment | $335.2M | 66% |
| International Segment | $175.7M | 34% |
RXT
| Public Cloud Services Segment | $442.2M | 65% |
| Private Cloud Service Segment | $240.6M | 35% |
