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微策略（MSTR）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
微策略的季度营收约是RESOURCES CONNECTION, INC.的1.0倍（$123.0M vs $117.7M），微策略同比增速更快（1.9% vs -19.2%），过去两年微策略的营收复合增速更高（3.3% vs -11.8%）
Strategy Inc（原名为微策略）是1989年成立的美国上市企业，主营商业智能与移动软件业务，旗下产品可帮助企业分析内外部数据以支撑经营决策，还可用于移动应用开发，总部位于弗吉尼亚州泰森斯角，商业分析赛道核心竞品包括SAP等。
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。
MSTR vs RGP — 直观对比
营收规模更大
MSTR
是对方的1.0倍
$117.7M
营收增速更快
MSTR
高出21.0%
-19.2%
两年增速更快
MSTR
近两年复合增速
-11.8%
损益表 — Q2 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $123.0M | $117.7M |
| 净利润 | — | $-12.7M |
| 毛利率 | 66.1% | 37.1% |
| 营业利润率 | — | -10.3% |
| 净利率 | — | -10.8% |
| 营收同比 | 1.9% | -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MSTRRGP
| Q4 25 | $123.0M | $117.7M | ||
| Q3 25 | $128.7M | $120.2M | ||
| Q2 25 | $114.5M | $139.3M | ||
| Q1 25 | $111.1M | $129.4M | ||
| Q4 24 | $120.7M | $145.6M | ||
| Q3 24 | $116.1M | $136.9M | ||
| Q2 24 | $111.4M | $148.2M | ||
| Q1 24 | $115.2M | $151.3M |
净利润MSTRRGP
| Q4 25 | — | $-12.7M | ||
| Q3 25 | $2.8B | $-2.4M | ||
| Q2 25 | $10.0B | $-73.3M | ||
| Q1 25 | $-4.2B | $-44.1M | ||
| Q4 24 | $-670.8M | $-68.7M | ||
| Q3 24 | $-340.2M | $-5.7M | ||
| Q2 24 | $-102.6M | $10.5M | ||
| Q1 24 | $-53.1M | $2.5M |
毛利率MSTRRGP
| Q4 25 | 66.1% | 37.1% | ||
| Q3 25 | 70.5% | 39.5% | ||
| Q2 25 | 68.8% | 40.2% | ||
| Q1 25 | 69.4% | 35.1% | ||
| Q4 24 | 71.7% | 38.5% | ||
| Q3 24 | 70.4% | 36.5% | ||
| Q2 24 | 72.2% | 40.2% | ||
| Q1 24 | 74.0% | 37.0% |
营业利润率MSTRRGP
| Q4 25 | — | -10.3% | ||
| Q3 25 | — | -1.7% | ||
| Q2 25 | — | -47.0% | ||
| Q1 25 | -5331.4% | -38.4% | ||
| Q4 24 | -842.1% | -52.7% | ||
| Q3 24 | -372.7% | -3.5% | ||
| Q2 24 | -179.7% | 7.6% | ||
| Q1 24 | -176.8% | 2.8% |
净利率MSTRRGP
| Q4 25 | — | -10.8% | ||
| Q3 25 | 2164.1% | -2.0% | ||
| Q2 25 | 8752.7% | -52.6% | ||
| Q1 25 | -3797.2% | -34.0% | ||
| Q4 24 | -555.8% | -47.2% | ||
| Q3 24 | -293.1% | -4.2% | ||
| Q2 24 | -92.0% | 7.1% | ||
| Q1 24 | -46.1% | 1.7% |
每股收益（稀释后）MSTRRGP
| Q4 25 | — | $-0.38 | ||
| Q3 25 | $8.42 | $-0.07 | ||
| Q2 25 | $32.60 | $-2.21 | ||
| Q1 25 | $-16.49 | $-1.34 | ||
| Q4 24 | $4.49 | $-2.08 | ||
| Q3 24 | $-1.72 | $-0.17 | ||
| Q2 24 | $-0.57 | $0.31 | ||
| Q1 24 | $-0.31 | $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 | $2.3B | $89.8M |
| 总债务越低越好 | $8.2B | — |
| 股东权益账面价值 | $44.1B | $194.6M |
| 总资产 | $61.6B | $289.3M |
| 负债/权益比越低杠杆越低 | 0.19× | — |
8季度趋势，按日历期对齐
现金及短期投资MSTRRGP
| Q4 25 | $2.3B | $89.8M | ||
| Q3 25 | $54.3M | $77.5M | ||
| Q2 25 | $50.1M | $86.1M | ||
| Q1 25 | $60.3M | $72.5M | ||
| Q4 24 | $38.1M | $78.2M | ||
| Q3 24 | $46.3M | $89.6M | ||
| Q2 24 | $66.9M | $108.9M | ||
| Q1 24 | $81.3M | $113.8M |
总债务MSTRRGP
| Q4 25 | $8.2B | — | ||
| Q3 25 | $8.2B | — | ||
| Q2 25 | $8.2B | — | ||
| Q1 25 | $8.1B | — | ||
| Q4 24 | $7.2B | — | ||
| Q3 24 | $4.2B | — | ||
| Q2 24 | $3.8B | — | ||
| Q1 24 | $3.6B | — |
股东权益MSTRRGP
| Q4 25 | $44.1B | $194.6M | ||
| Q3 25 | $52.3B | $206.4M | ||
| Q2 25 | $47.5B | $207.1M | ||
| Q1 25 | $32.2B | $277.8M | ||
| Q4 24 | $18.2B | $325.7M | ||
| Q3 24 | $3.8B | $407.2M | ||
| Q2 24 | $2.8B | $418.8M | ||
| Q1 24 | $2.4B | $414.9M |
总资产MSTRRGP
| Q4 25 | $61.6B | $289.3M | ||
| Q3 25 | $73.6B | $287.2M | ||
| Q2 25 | $64.8B | $304.7M | ||
| Q1 25 | $43.9B | $375.6M | ||
| Q4 24 | $25.8B | $424.9M | ||
| Q3 24 | $8.3B | $512.9M | ||
| Q2 24 | $7.1B | $510.9M | ||
| Q1 24 | $6.4B | $523.2M |
负债/权益比MSTRRGP
| Q4 25 | 0.19× | — | ||
| Q3 25 | 0.16× | — | ||
| Q2 25 | 0.17× | — | ||
| Q1 25 | 0.25× | — | ||
| Q4 24 | 0.39× | — | ||
| Q3 24 | 1.12× | — | ||
| Q2 24 | 1.36× | — | ||
| Q1 24 | 1.48× | — |
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 | — | $15.9M |
| 自由现金流经营现金流 - 资本支出 | — | $15.6M |
| 自由现金流率自由现金流/营收 | — | 13.2% |
| 资本支出强度资本支出/营收 | — | 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 | — | $24.3M |
8季度趋势，按日历期对齐
经营现金流MSTRRGP
| Q4 25 | — | $15.9M | ||
| Q3 25 | $-8.3M | $-7.8M | ||
| Q2 25 | $-34.9M | $16.8M | ||
| Q1 25 | $-2.4M | $659.0K | ||
| Q4 24 | $-17.3M | $1.8M | ||
| Q3 24 | $-41.0M | $-309.0K | ||
| Q2 24 | $-23.3M | $3.2M | ||
| Q1 24 | $28.6M | $20.5M |
自由现金流MSTRRGP
| Q4 25 | — | $15.6M | ||
| Q3 25 | $-11.1M | $-8.0M | ||
| Q2 25 | $-37.0M | $16.5M | ||
| Q1 25 | $-5.1M | $238.0K | ||
| Q4 24 | $-17.6M | $61.0K | ||
| Q3 24 | $-41.4M | $-575.0K | ||
| Q2 24 | $-24.1M | $3.0M | ||
| Q1 24 | $27.0M | $20.4M |
自由现金流率MSTRRGP
| Q4 25 | — | 13.2% | ||
| Q3 25 | -8.6% | -6.6% | ||
| Q2 25 | -32.3% | 11.8% | ||
| Q1 25 | -4.6% | 0.2% | ||
| Q4 24 | -14.6% | 0.0% | ||
| Q3 24 | -35.7% | -0.4% | ||
| Q2 24 | -21.6% | 2.1% | ||
| Q1 24 | 23.5% | 13.5% |
资本支出强度MSTRRGP
| Q4 25 | — | 0.3% | ||
| Q3 25 | 2.2% | 0.1% | ||
| Q2 25 | 1.8% | 0.2% | ||
| Q1 25 | 2.5% | 0.3% | ||
| Q4 24 | 0.2% | 1.2% | ||
| Q3 24 | 0.4% | 0.2% | ||
| Q2 24 | 0.6% | 0.1% | ||
| Q1 24 | 1.3% | 0.1% |
现金转化率MSTRRGP
| Q4 25 | — | — | ||
| Q3 25 | -0.00× | — | ||
| Q2 25 | -0.00× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| 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
MSTR
暂无分部数据
RGP
| US | $93.7M | 80% |
| Non Us | $24.0M | 20% |
