vs
Match Group（MTCH）与RXO, Inc.（RXO）财务数据对比。点击上方公司名可切换其他公司
RXO, Inc.的季度营收约是Match Group的1.7倍（$1.5B vs $878.0M），Match Group净利率更高（23.9% vs -3.1%，领先27.0%），Match Group同比增速更快（2.1% vs -11.9%），Match Group自由现金流更多（$308.1M vs $-9.0M），过去两年RXO, Inc.的营收复合增速更高（26.8% vs 1.1%）
美国互联网科技企业Match Group总部位于得克萨斯州达拉斯，旗下拥有全球规模最大的在线约会服务品牌矩阵，运营Tinder、Hinge、Plenty of Fish等多款全球知名约会产品。2020年7月公司从IAC分拆为独立上市公司，截至2019年全球付费订阅用户达930万，其中近半数来自北美地区。
RXO是总部位于美国的头部运输及物流解决方案供应商，核心业务覆盖货运经纪、大件商品最后一公里配送、运输管理服务与全链路供应链优化支持，主要服务北美制造业、零售业及电商领域的客户。
MTCH vs RXO — 直观对比
营收规模更大
RXO
是对方的1.7倍
$878.0M
营收增速更快
MTCH
高出14.0%
-11.9%
净利率更高
MTCH
高出27.0%
-3.1%
自由现金流更多
MTCH
多$317.1M
$-9.0M
两年增速更快
RXO
近两年复合增速
1.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $878.0M | $1.5B |
| 净利润 | $209.7M | $-46.0M |
| 毛利率 | 74.7% | — |
| 营业利润率 | 32.4% | -2.9% |
| 净利率 | 23.9% | -3.1% |
| 营收同比 | 2.1% | -11.9% |
| 净利润同比 | 32.5% | -84.0% |
| 每股收益（稀释后） | $0.83 | $-0.28 |
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MTCHRXO
| Q4 25 | $878.0M | $1.5B | ||
| Q3 25 | $914.3M | $1.4B | ||
| Q2 25 | $863.7M | $1.4B | ||
| Q1 25 | $831.2M | $1.4B | ||
| Q4 24 | $860.2M | $1.7B | ||
| Q3 24 | $895.5M | $1.0B | ||
| Q2 24 | $864.1M | $930.0M | ||
| Q1 24 | $859.6M | $913.0M |
净利润MTCHRXO
| Q4 25 | $209.7M | $-46.0M | ||
| Q3 25 | $160.8M | $-14.0M | ||
| Q2 25 | $125.5M | $-9.0M | ||
| Q1 25 | $117.6M | $-31.0M | ||
| Q4 24 | $158.3M | $-25.0M | ||
| Q3 24 | $136.5M | $-243.0M | ||
| Q2 24 | $133.3M | $-7.0M | ||
| Q1 24 | $123.2M | $-15.0M |
毛利率MTCHRXO
| Q4 25 | 74.7% | — | ||
| Q3 25 | 73.0% | — | ||
| Q2 25 | 72.0% | — | ||
| Q1 25 | 71.5% | — | ||
| Q4 24 | 72.5% | — | ||
| Q3 24 | 71.7% | — | ||
| Q2 24 | 71.6% | — | ||
| Q1 24 | 70.1% | — |
营业利润率MTCHRXO
| Q4 25 | 32.4% | -2.9% | ||
| Q3 25 | 24.2% | -0.5% | ||
| Q2 25 | 22.5% | — | ||
| Q1 25 | 20.8% | -2.1% | ||
| Q4 24 | 26.0% | -1.4% | ||
| Q3 24 | 23.5% | -1.9% | ||
| Q2 24 | 23.7% | — | ||
| Q1 24 | 21.5% | -1.3% |
净利率MTCHRXO
| Q4 25 | 23.9% | -3.1% | ||
| Q3 25 | 17.6% | -1.0% | ||
| Q2 25 | 14.5% | -0.6% | ||
| Q1 25 | 14.1% | -2.2% | ||
| Q4 24 | 18.4% | -1.5% | ||
| Q3 24 | 15.2% | -23.4% | ||
| Q2 24 | 15.4% | -0.8% | ||
| Q1 24 | 14.3% | -1.6% |
每股收益（稀释后）MTCHRXO
| Q4 25 | $0.83 | $-0.28 | ||
| Q3 25 | $0.62 | $-0.08 | ||
| Q2 25 | $0.49 | $-0.05 | ||
| Q1 25 | $0.44 | $-0.18 | ||
| Q4 24 | $0.59 | $-0.17 | ||
| Q3 24 | $0.51 | $-1.81 | ||
| Q2 24 | $0.48 | $-0.06 | ||
| Q1 24 | $0.44 | $-0.13 |
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 | $1.0B | $17.0M |
| 总债务越低越好 | $3.5B | $387.0M |
| 股东权益账面价值 | $-253.5M | $1.5B |
| 总资产 | $4.5B | $3.3B |
| 负债/权益比越低杠杆越低 | — | 0.25× |
8季度趋势，按日历期对齐
现金及短期投资MTCHRXO
| Q4 25 | $1.0B | $17.0M | ||
| Q3 25 | $1.1B | $25.0M | ||
| Q2 25 | $340.4M | $18.0M | ||
| Q1 25 | $414.2M | $16.0M | ||
| Q4 24 | $970.7M | $35.0M | ||
| Q3 24 | $860.9M | $55.0M | ||
| Q2 24 | $843.6M | $7.0M | ||
| Q1 24 | $920.9M | $7.0M |
总债务MTCHRXO
| Q4 25 | $3.5B | $387.0M | ||
| Q3 25 | — | $387.0M | ||
| Q2 25 | — | $387.0M | ||
| Q1 25 | $3.4B | $387.0M | ||
| Q4 24 | $3.8B | $351.0M | ||
| Q3 24 | $3.8B | $352.0M | ||
| Q2 24 | $3.8B | $370.0M | ||
| Q1 24 | $3.8B | $351.0M |
股东权益MTCHRXO
| Q4 25 | $-253.5M | $1.5B | ||
| Q3 25 | $-223.9M | $1.6B | ||
| Q2 25 | $-230.9M | $1.6B | ||
| Q1 25 | $-182.7M | $1.6B | ||
| Q4 24 | $-63.7M | $1.6B | ||
| Q3 24 | $-88.5M | $1.7B | ||
| Q2 24 | $-130.2M | $579.0M | ||
| Q1 24 | $-107.8M | $582.0M |
总资产MTCHRXO
| Q4 25 | $4.5B | $3.3B | ||
| Q3 25 | $4.5B | $3.2B | ||
| Q2 25 | $3.9B | $3.2B | ||
| Q1 25 | $3.9B | $3.3B | ||
| Q4 24 | $4.5B | $3.4B | ||
| Q3 24 | $4.4B | $3.4B | ||
| Q2 24 | $4.4B | $1.8B | ||
| Q1 24 | $4.4B | $1.8B |
负债/权益比MTCHRXO
| Q4 25 | — | 0.25× | ||
| Q3 25 | — | 0.24× | ||
| Q2 25 | — | 0.24× | ||
| Q1 25 | — | 0.24× | ||
| Q4 24 | — | 0.22× | ||
| Q3 24 | — | 0.21× | ||
| Q2 24 | — | 0.64× | ||
| 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 | $322.8M | $7.0M |
| 自由现金流经营现金流 - 资本支出 | $308.1M | $-9.0M |
| 自由现金流率自由现金流/营收 | 35.1% | -0.6% |
| 资本支出强度资本支出/营收 | 1.7% | 1.1% |
| 现金转化率经营现金流/净利润 | 1.54× | — |
| 过去12个月自由现金流最近4个季度 | $1.0B | $-8.0M |
8季度趋势，按日历期对齐
经营现金流MTCHRXO
| Q4 25 | $322.8M | $7.0M | ||
| Q3 25 | $320.6M | $23.0M | ||
| Q2 25 | $243.8M | $23.0M | ||
| Q1 25 | $193.1M | $-2.0M | ||
| Q4 24 | $254.7M | $-7.0M | ||
| Q3 24 | $264.9M | $-7.0M | ||
| Q2 24 | $129.0M | $-5.0M | ||
| Q1 24 | $284.1M | $7.0M |
自由现金流MTCHRXO
| Q4 25 | $308.1M | $-9.0M | ||
| Q3 25 | $306.8M | $9.0M | ||
| Q2 25 | $231.0M | $9.0M | ||
| Q1 25 | $177.7M | $-17.0M | ||
| Q4 24 | $247.1M | $-19.0M | ||
| Q3 24 | $251.8M | $-18.0M | ||
| Q2 24 | $116.3M | $-16.0M | ||
| Q1 24 | $266.9M | $-4.0M |
自由现金流率MTCHRXO
| Q4 25 | 35.1% | -0.6% | ||
| Q3 25 | 33.6% | 0.6% | ||
| Q2 25 | 26.7% | 0.6% | ||
| Q1 25 | 21.4% | -1.2% | ||
| Q4 24 | 28.7% | -1.1% | ||
| Q3 24 | 28.1% | -1.7% | ||
| Q2 24 | 13.5% | -1.7% | ||
| Q1 24 | 31.0% | -0.4% |
资本支出强度MTCHRXO
| Q4 25 | 1.7% | 1.1% | ||
| Q3 25 | 1.5% | 1.0% | ||
| Q2 25 | 1.5% | 1.0% | ||
| Q1 25 | 1.9% | 1.0% | ||
| Q4 24 | 0.9% | 0.7% | ||
| Q3 24 | 1.5% | 1.1% | ||
| Q2 24 | 1.5% | 1.2% | ||
| Q1 24 | 2.0% | 1.2% |
现金转化率MTCHRXO
| Q4 25 | 1.54× | — | ||
| Q3 25 | 1.99× | — | ||
| Q2 25 | 1.94× | — | ||
| Q1 25 | 1.64× | — | ||
| Q4 24 | 1.61× | — | ||
| Q3 24 | 1.94× | — | ||
| Q2 24 | 0.97× | — | ||
| Q1 24 | 2.31× | — |
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
MTCH
| Tinder Segment | $479.3M | 55% |
| Hinge Segment | $186.5M | 21% |
| Evergreen And Emerging Segment | $148.1M | 17% |
| MG Asia Segment | $65.8M | 7% |
RXO
| Retail Sector | $546.0M | 37% |
| Last Mile | $298.0M | 20% |
| Food And Beverage Sector | $225.0M | 15% |
| Other Sector | $185.0M | 13% |
| Managed Transportation | $133.0M | 9% |
| Automotive Sector | $93.0M | 6% |
