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NATIONAL FUEL GAS CO（NFG）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NATIONAL FUEL GAS CO的1.1倍（$682.8M vs $637.9M），NATIONAL FUEL GAS CO净利率更高（28.5% vs -4.8%，领先33.3%），NATIONAL FUEL GAS CO同比增速更快（24.1% vs -0.4%），Rackspace Technology, Inc.自由现金流更多（$56.0M vs $-2.7M），过去两年NATIONAL FUEL GAS CO的营收复合增速更高（6.9% vs -0.6%）
该多元化能源企业成立于1902年，总部位于美国纽约州威廉斯维尔，总资产达62亿美元，下设勘探与生产、管道与存储、燃气集输、公用事业、能源营销五大运营板块，业务覆盖能源产业链上下游多个核心环节。
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。
NFG vs RXT — 直观对比
营收规模更大
RXT
是对方的1.1倍
$637.9M
营收增速更快
NFG
高出24.5%
-0.4%
净利率更高
NFG
高出33.3%
-4.8%
自由现金流更多
RXT
多$58.7M
$-2.7M
两年增速更快
NFG
近两年复合增速
-0.6%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $637.9M | $682.8M |
| 净利润 | $181.6M | $-32.7M |
| 毛利率 | 86.6% | 17.6% |
| 营业利润率 | 43.3% | -0.5% |
| 净利率 | 28.5% | -4.8% |
| 营收同比 | 24.1% | -0.4% |
| 净利润同比 | 303.8% | 41.6% |
| 每股收益（稀释后） | $1.98 | $-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NFGRXT
| Q4 25 | $637.9M | $682.8M | ||
| Q3 25 | $443.1M | $671.2M | ||
| Q2 25 | $527.4M | $666.3M | ||
| Q1 25 | $734.8M | $665.4M | ||
| Q4 24 | $513.8M | $685.6M | ||
| Q3 24 | $310.0M | $675.8M | ||
| Q2 24 | $338.6M | $684.9M | ||
| Q1 24 | $558.7M | $690.8M |
净利润NFGRXT
| Q4 25 | $181.6M | $-32.7M | ||
| Q3 25 | $107.3M | $-67.1M | ||
| Q2 25 | $149.8M | $-54.5M | ||
| Q1 25 | $216.4M | $-71.5M | ||
| Q4 24 | $45.0M | $-56.0M | ||
| Q3 24 | $-167.6M | $-186.6M | ||
| Q2 24 | $-54.2M | $25.0M | ||
| Q1 24 | $166.3M | $-640.6M |
毛利率NFGRXT
| Q4 25 | 86.6% | 17.6% | ||
| Q3 25 | — | 19.4% | ||
| Q2 25 | 94.7% | 19.4% | ||
| Q1 25 | 81.6% | 19.1% | ||
| Q4 24 | 87.3% | 19.2% | ||
| Q3 24 | — | 20.3% | ||
| Q2 24 | 98.5% | 19.2% | ||
| Q1 24 | 81.0% | 19.2% |
营业利润率NFGRXT
| Q4 25 | 43.3% | -0.5% | ||
| Q3 25 | 40.6% | -5.1% | ||
| Q2 25 | 43.7% | -3.8% | ||
| Q1 25 | 43.2% | -5.8% | ||
| Q4 24 | 16.8% | -4.2% | ||
| Q3 24 | -63.4% | -25.7% | ||
| Q2 24 | -15.2% | -7.9% | ||
| Q1 24 | 44.9% | -94.5% |
净利率NFGRXT
| Q4 25 | 28.5% | -4.8% | ||
| Q3 25 | 24.2% | -10.0% | ||
| Q2 25 | 28.4% | -8.2% | ||
| Q1 25 | 29.4% | -10.7% | ||
| Q4 24 | 8.8% | -8.2% | ||
| Q3 24 | -54.1% | -27.6% | ||
| Q2 24 | -16.0% | 3.7% | ||
| Q1 24 | 29.8% | -92.7% |
每股收益（稀释后）NFGRXT
| Q4 25 | $1.98 | $-0.13 | ||
| Q3 25 | $1.18 | $-0.28 | ||
| Q2 25 | $1.64 | $-0.23 | ||
| Q1 25 | $2.37 | $-0.31 | ||
| Q4 24 | $0.49 | $-0.20 | ||
| Q3 24 | $-1.81 | $-0.82 | ||
| Q2 24 | $-0.59 | $0.11 | ||
| Q1 24 | $1.80 | $-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 | $271.4M | $105.8M |
| 总债务越低越好 | $2.7B | $2.7B |
| 股东权益账面价值 | $3.6B | $-1.2B |
| 总资产 | $9.2B | $2.8B |
| 负债/权益比越低杠杆越低 | 0.75× | — |
8季度趋势，按日历期对齐
现金及短期投资NFGRXT
| Q4 25 | $271.4M | $105.8M | ||
| Q3 25 | $43.2M | $99.5M | ||
| Q2 25 | $39.3M | $103.9M | ||
| Q1 25 | $40.0M | $128.0M | ||
| Q4 24 | $48.7M | $144.0M | ||
| Q3 24 | $38.2M | $157.1M | ||
| Q2 24 | $81.4M | $190.2M | ||
| Q1 24 | $50.8M | $282.6M |
总债务NFGRXT
| Q4 25 | $2.7B | $2.7B | ||
| Q3 25 | $2.7B | $2.8B | ||
| Q2 25 | $2.7B | $2.8B | ||
| Q1 25 | $2.7B | $2.8B | ||
| Q4 24 | $2.7B | $2.8B | ||
| Q3 24 | $2.7B | $2.8B | ||
| Q2 24 | $2.7B | $2.9B | ||
| Q1 24 | $2.4B | $3.0B |
股东权益NFGRXT
| Q4 25 | $3.6B | $-1.2B | ||
| Q3 25 | $3.1B | $-1.2B | ||
| Q2 25 | $3.0B | $-1.1B | ||
| Q1 25 | $2.8B | $-1.1B | ||
| Q4 24 | $-76.2M | $-1.0B | ||
| Q3 24 | $-15.5M | $-949.7M | ||
| Q2 24 | $5.0M | $-756.2M | ||
| Q1 24 | $75.3M | $-787.2M |
总资产NFGRXT
| Q4 25 | $9.2B | $2.8B | ||
| Q3 25 | $8.7B | $2.8B | ||
| Q2 25 | $8.4B | $2.9B | ||
| Q1 25 | $8.5B | $3.0B | ||
| Q4 24 | $8.3B | $3.1B | ||
| Q3 24 | $8.3B | $3.1B | ||
| Q2 24 | $8.5B | $3.4B | ||
| Q1 24 | $8.7B | $3.5B |
负债/权益比NFGRXT
| Q4 25 | 0.75× | — | ||
| Q3 25 | 0.87× | — | ||
| Q2 25 | 0.90× | — | ||
| Q1 25 | 0.99× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 532.10× | — | ||
| Q1 24 | 31.68× | — |
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 | $274.9M | $59.7M |
| 自由现金流经营现金流 - 资本支出 | $-2.7M | $56.0M |
| 自由现金流率自由现金流/营收 | -0.4% | 8.2% |
| 资本支出强度资本支出/营收 | 43.5% | 0.5% |
| 现金转化率经营现金流/净利润 | 1.51× | — |
| 过去12个月自由现金流最近4个季度 | $204.8M | $90.6M |
8季度趋势，按日历期对齐
经营现金流NFGRXT
| Q4 25 | $274.9M | $59.7M | ||
| Q3 25 | $237.8M | $70.7M | ||
| Q2 25 | $388.4M | $8.4M | ||
| Q1 25 | $253.8M | $12.6M | ||
| Q4 24 | $220.1M | $54.3M | ||
| Q3 24 | $197.9M | $51.8M | ||
| Q2 24 | $281.8M | $24.1M | ||
| Q1 24 | $315.3M | $-90.3M |
自由现金流NFGRXT
| Q4 25 | $-2.7M | $56.0M | ||
| Q3 25 | $-47.8M | $42.7M | ||
| Q2 25 | $195.3M | $-12.4M | ||
| Q1 25 | $59.9M | $4.3M | ||
| Q4 24 | $-20.3M | $34.4M | ||
| Q3 24 | $-49.1M | $27.3M | ||
| Q2 24 | $79.5M | $-14.5M | ||
| Q1 24 | $80.3M | $-118.4M |
自由现金流率NFGRXT
| Q4 25 | -0.4% | 8.2% | ||
| Q3 25 | -10.8% | 6.4% | ||
| Q2 25 | 37.0% | -1.9% | ||
| Q1 25 | 8.2% | 0.6% | ||
| Q4 24 | -4.0% | 5.0% | ||
| Q3 24 | -15.8% | 4.0% | ||
| Q2 24 | 23.5% | -2.1% | ||
| Q1 24 | 14.4% | -17.1% |
资本支出强度NFGRXT
| Q4 25 | 43.5% | 0.5% | ||
| Q3 25 | 64.4% | 4.2% | ||
| Q2 25 | 36.6% | 3.1% | ||
| Q1 25 | 26.4% | 1.2% | ||
| Q4 24 | 46.8% | 2.9% | ||
| Q3 24 | 79.7% | 3.6% | ||
| Q2 24 | 59.7% | 5.6% | ||
| Q1 24 | 42.1% | 4.1% |
现金转化率NFGRXT
| Q4 25 | 1.51× | — | ||
| Q3 25 | 2.21× | — | ||
| Q2 25 | 2.59× | — | ||
| Q1 25 | 1.17× | — | ||
| Q4 24 | 4.89× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 0.96× | ||
| Q1 24 | 1.90× | — |
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
NFG
| Natural Gas Production | $302.5M | 47% |
| Natural Gas Residential Sales | $198.0M | 31% |
| Pipeline And Storage | $69.2M | 11% |
| Natural Gas Commercial Sales | $27.9M | 4% |
| Natural Gas Storage | $25.1M | 4% |
| Other | $4.1M | 1% |
| Natural Gas Midstream | $2.8M | 0% |
RXT
| Public Cloud Services Segment | $442.2M | 65% |
| Private Cloud Service Segment | $240.6M | 35% |
