vs
Match Group（MTCH）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
Match Group的季度营收约是Rackspace Technology, Inc.的1.3倍（$878.0M vs $682.8M），Match Group净利率更高（23.9% vs -4.8%，领先28.7%），Match Group同比增速更快（2.1% vs -0.4%），Match Group自由现金流更多（$308.1M vs $56.0M），过去两年Match Group的营收复合增速更高（1.1% vs -0.6%）
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。
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。
MTCH vs RXT — 直观对比
营收规模更大
MTCH
是对方的1.3倍
$682.8M
营收增速更快
MTCH
高出2.5%
-0.4%
净利率更高
MTCH
高出28.7%
-4.8%
自由现金流更多
MTCH
多$252.1M
$56.0M
两年增速更快
MTCH
近两年复合增速
-0.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $878.0M | $682.8M |
| 净利润 | $209.7M | $-32.7M |
| 毛利率 | 74.7% | 17.6% |
| 营业利润率 | 32.4% | -0.5% |
| 净利率 | 23.9% | -4.8% |
| 营收同比 | 2.1% | -0.4% |
| 净利润同比 | 32.5% | 41.6% |
| 每股收益（稀释后） | $0.83 | $-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MTCHRXT
| Q4 25 | $878.0M | $682.8M | ||
| Q3 25 | $914.3M | $671.2M | ||
| Q2 25 | $863.7M | $666.3M | ||
| Q1 25 | $831.2M | $665.4M | ||
| Q4 24 | $860.2M | $685.6M | ||
| Q3 24 | $895.5M | $675.8M | ||
| Q2 24 | $864.1M | $684.9M | ||
| Q1 24 | $859.6M | $690.8M |
净利润MTCHRXT
| Q4 25 | $209.7M | $-32.7M | ||
| Q3 25 | $160.8M | $-67.1M | ||
| Q2 25 | $125.5M | $-54.5M | ||
| Q1 25 | $117.6M | $-71.5M | ||
| Q4 24 | $158.3M | $-56.0M | ||
| Q3 24 | $136.5M | $-186.6M | ||
| Q2 24 | $133.3M | $25.0M | ||
| Q1 24 | $123.2M | $-640.6M |
毛利率MTCHRXT
| Q4 25 | 74.7% | 17.6% | ||
| Q3 25 | 73.0% | 19.4% | ||
| Q2 25 | 72.0% | 19.4% | ||
| Q1 25 | 71.5% | 19.1% | ||
| Q4 24 | 72.5% | 19.2% | ||
| Q3 24 | 71.7% | 20.3% | ||
| Q2 24 | 71.6% | 19.2% | ||
| Q1 24 | 70.1% | 19.2% |
营业利润率MTCHRXT
| Q4 25 | 32.4% | -0.5% | ||
| Q3 25 | 24.2% | -5.1% | ||
| Q2 25 | 22.5% | -3.8% | ||
| Q1 25 | 20.8% | -5.8% | ||
| Q4 24 | 26.0% | -4.2% | ||
| Q3 24 | 23.5% | -25.7% | ||
| Q2 24 | 23.7% | -7.9% | ||
| Q1 24 | 21.5% | -94.5% |
净利率MTCHRXT
| Q4 25 | 23.9% | -4.8% | ||
| Q3 25 | 17.6% | -10.0% | ||
| Q2 25 | 14.5% | -8.2% | ||
| Q1 25 | 14.1% | -10.7% | ||
| Q4 24 | 18.4% | -8.2% | ||
| Q3 24 | 15.2% | -27.6% | ||
| Q2 24 | 15.4% | 3.7% | ||
| Q1 24 | 14.3% | -92.7% |
每股收益（稀释后）MTCHRXT
| Q4 25 | $0.83 | $-0.13 | ||
| Q3 25 | $0.62 | $-0.28 | ||
| Q2 25 | $0.49 | $-0.23 | ||
| Q1 25 | $0.44 | $-0.31 | ||
| Q4 24 | $0.59 | $-0.20 | ||
| Q3 24 | $0.51 | $-0.82 | ||
| Q2 24 | $0.48 | $0.11 | ||
| Q1 24 | $0.44 | $-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 | $1.0B | $105.8M |
| 总债务越低越好 | $3.5B | $2.7B |
| 股东权益账面价值 | $-253.5M | $-1.2B |
| 总资产 | $4.5B | $2.8B |
| 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MTCHRXT
| Q4 25 | $1.0B | $105.8M | ||
| Q3 25 | $1.1B | $99.5M | ||
| Q2 25 | $340.4M | $103.9M | ||
| Q1 25 | $414.2M | $128.0M | ||
| Q4 24 | $970.7M | $144.0M | ||
| Q3 24 | $860.9M | $157.1M | ||
| Q2 24 | $843.6M | $190.2M | ||
| Q1 24 | $920.9M | $282.6M |
总债务MTCHRXT
| Q4 25 | $3.5B | $2.7B | ||
| Q3 25 | — | $2.8B | ||
| Q2 25 | — | $2.8B | ||
| Q1 25 | $3.4B | $2.8B | ||
| Q4 24 | $3.8B | $2.8B | ||
| Q3 24 | $3.8B | $2.8B | ||
| Q2 24 | $3.8B | $2.9B | ||
| Q1 24 | $3.8B | $3.0B |
股东权益MTCHRXT
| Q4 25 | $-253.5M | $-1.2B | ||
| Q3 25 | $-223.9M | $-1.2B | ||
| Q2 25 | $-230.9M | $-1.1B | ||
| Q1 25 | $-182.7M | $-1.1B | ||
| Q4 24 | $-63.7M | $-1.0B | ||
| Q3 24 | $-88.5M | $-949.7M | ||
| Q2 24 | $-130.2M | $-756.2M | ||
| Q1 24 | $-107.8M | $-787.2M |
总资产MTCHRXT
| Q4 25 | $4.5B | $2.8B | ||
| Q3 25 | $4.5B | $2.8B | ||
| Q2 25 | $3.9B | $2.9B | ||
| Q1 25 | $3.9B | $3.0B | ||
| Q4 24 | $4.5B | $3.1B | ||
| Q3 24 | $4.4B | $3.1B | ||
| Q2 24 | $4.4B | $3.4B | ||
| Q1 24 | $4.4B | $3.5B |
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 | $59.7M |
| 自由现金流经营现金流 - 资本支出 | $308.1M | $56.0M |
| 自由现金流率自由现金流/营收 | 35.1% | 8.2% |
| 资本支出强度资本支出/营收 | 1.7% | 0.5% |
| 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 | $90.6M |
8季度趋势，按日历期对齐
经营现金流MTCHRXT
| Q4 25 | $322.8M | $59.7M | ||
| Q3 25 | $320.6M | $70.7M | ||
| Q2 25 | $243.8M | $8.4M | ||
| Q1 25 | $193.1M | $12.6M | ||
| Q4 24 | $254.7M | $54.3M | ||
| Q3 24 | $264.9M | $51.8M | ||
| Q2 24 | $129.0M | $24.1M | ||
| Q1 24 | $284.1M | $-90.3M |
自由现金流MTCHRXT
| Q4 25 | $308.1M | $56.0M | ||
| Q3 25 | $306.8M | $42.7M | ||
| Q2 25 | $231.0M | $-12.4M | ||
| Q1 25 | $177.7M | $4.3M | ||
| Q4 24 | $247.1M | $34.4M | ||
| Q3 24 | $251.8M | $27.3M | ||
| Q2 24 | $116.3M | $-14.5M | ||
| Q1 24 | $266.9M | $-118.4M |
自由现金流率MTCHRXT
| Q4 25 | 35.1% | 8.2% | ||
| Q3 25 | 33.6% | 6.4% | ||
| Q2 25 | 26.7% | -1.9% | ||
| Q1 25 | 21.4% | 0.6% | ||
| Q4 24 | 28.7% | 5.0% | ||
| Q3 24 | 28.1% | 4.0% | ||
| Q2 24 | 13.5% | -2.1% | ||
| Q1 24 | 31.0% | -17.1% |
资本支出强度MTCHRXT
| Q4 25 | 1.7% | 0.5% | ||
| Q3 25 | 1.5% | 4.2% | ||
| Q2 25 | 1.5% | 3.1% | ||
| Q1 25 | 1.9% | 1.2% | ||
| Q4 24 | 0.9% | 2.9% | ||
| Q3 24 | 1.5% | 3.6% | ||
| Q2 24 | 1.5% | 5.6% | ||
| Q1 24 | 2.0% | 4.1% |
现金转化率MTCHRXT
| 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× | 0.96× | ||
| 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% |
RXT
| Public Cloud Services Segment | $442.2M | 65% |
| Private Cloud Service Segment | $240.6M | 35% |
