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NGL Energy Partners LP（NGL）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
NGL Energy Partners LP的季度营收约是Rackspace Technology, Inc.的1.3倍（$909.8M vs $682.8M），NGL Energy Partners LP净利率更高（5.2% vs -4.8%，领先10.0%），Rackspace Technology, Inc.同比增速更快（-0.4% vs -41.3%），Rackspace Technology, Inc.自由现金流更多（$56.0M vs $45.7M），过去两年Rackspace Technology, Inc.的营收复合增速更高（-0.6% vs -6.4%）
NGL Energy Partners LP是一家总部位于美国的中游能源服务企业，主营原油、液化天然气、可再生燃料的运输、存储及物流服务，同时为上游能源生产商提供水资源管理解决方案，业务主要覆盖北美市场。
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。
NGL vs RXT — 直观对比
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $909.8M | $682.8M |
| 净利润 | $47.2M | $-32.7M |
| 毛利率 | 29.0% | 17.6% |
| 营业利润率 | 12.1% | -0.5% |
| 净利率 | 5.2% | -4.8% |
| 营收同比 | -41.3% | -0.4% |
| 净利润同比 | 249.3% | 41.6% |
| 每股收益（稀释后） | — | $-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
| Q4 25 | $909.8M | $682.8M | ||
| Q3 25 | $674.7M | $671.2M | ||
| Q2 25 | $622.2M | $666.3M | ||
| Q1 25 | $971.1M | $665.4M | ||
| Q4 24 | $982.4M | $685.6M | ||
| Q3 24 | $756.5M | $675.8M | ||
| Q2 24 | $759.2M | $684.9M | ||
| Q1 24 | $1.0B | $690.8M |
| Q4 25 | $47.2M | $-32.7M | ||
| Q3 25 | $29.3M | $-67.1M | ||
| Q2 25 | $68.9M | $-54.5M | ||
| Q1 25 | $13.7M | $-71.5M | ||
| Q4 24 | $13.5M | $-56.0M | ||
| Q3 24 | $2.5M | $-186.6M | ||
| Q2 24 | $9.7M | $25.0M | ||
| Q1 24 | $-236.8M | $-640.6M |
| Q4 25 | 29.0% | 17.6% | ||
| Q3 25 | 37.6% | 19.4% | ||
| Q2 25 | 38.5% | 19.4% | ||
| Q1 25 | 26.9% | 19.1% | ||
| Q4 24 | 25.1% | 19.2% | ||
| Q3 24 | 30.9% | 20.3% | ||
| Q2 24 | 29.0% | 19.2% | ||
| Q1 24 | 21.8% | 19.2% |
| Q4 25 | 12.1% | -0.5% | ||
| Q3 25 | 14.0% | -5.1% | ||
| Q2 25 | 15.7% | -3.8% | ||
| Q1 25 | 8.4% | -5.8% | ||
| Q4 24 | 8.6% | -4.2% | ||
| Q3 24 | 10.8% | -25.7% | ||
| Q2 24 | 10.8% | -7.9% | ||
| Q1 24 | -9.4% | -94.5% |
| Q4 25 | 5.2% | -4.8% | ||
| Q3 25 | 4.3% | -10.0% | ||
| Q2 25 | 11.1% | -8.2% | ||
| Q1 25 | 1.4% | -10.7% | ||
| Q4 24 | 1.4% | -8.2% | ||
| Q3 24 | 0.3% | -27.6% | ||
| Q2 24 | 1.3% | 3.7% | ||
| Q1 24 | -22.8% | -92.7% |
| Q4 25 | — | $-0.13 | ||
| Q3 25 | — | $-0.28 | ||
| Q2 25 | — | $-0.23 | ||
| Q1 25 | — | $-0.31 | ||
| Q4 24 | — | $-0.20 | ||
| Q3 24 | — | $-0.82 | ||
| Q2 24 | — | $0.11 | ||
| Q1 24 | — | $-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 | $6.5M | $105.8M |
| 总债务越低越好 | $2.9B | $2.7B |
| 股东权益账面价值 | — | $-1.2B |
| 总资产 | $4.4B | $2.8B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
| Q4 25 | $6.5M | $105.8M | ||
| Q3 25 | $8.7M | $99.5M | ||
| Q2 25 | $5.4M | $103.9M | ||
| Q1 25 | $13.5M | $128.0M | ||
| Q4 24 | $5.7M | $144.0M | ||
| Q3 24 | $4.5M | $157.1M | ||
| Q2 24 | $5.3M | $190.2M | ||
| Q1 24 | $38.9M | $282.6M |
| Q4 25 | $2.9B | $2.7B | ||
| Q3 25 | $2.9B | $2.8B | ||
| Q2 25 | $2.9B | $2.8B | ||
| Q1 25 | $3.0B | $2.8B | ||
| Q4 24 | $3.1B | $2.8B | ||
| Q3 24 | $3.1B | $2.8B | ||
| Q2 24 | $3.0B | $2.9B | ||
| Q1 24 | $2.9B | $3.0B |
| Q4 25 | — | $-1.2B | ||
| Q3 25 | — | $-1.2B | ||
| Q2 25 | — | $-1.1B | ||
| Q1 25 | — | $-1.1B | ||
| Q4 24 | — | $-1.0B | ||
| Q3 24 | — | $-949.7M | ||
| Q2 24 | — | $-756.2M | ||
| Q1 24 | — | $-787.2M |
| Q4 25 | $4.4B | $2.8B | ||
| Q3 25 | $4.3B | $2.8B | ||
| Q2 25 | $4.2B | $2.9B | ||
| Q1 25 | $4.6B | $3.0B | ||
| Q4 24 | $4.8B | $3.1B | ||
| Q3 24 | $4.9B | $3.1B | ||
| Q2 24 | $4.8B | $3.4B | ||
| Q1 24 | $5.0B | $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 | $182.3M | $59.7M |
| 自由现金流经营现金流 - 资本支出 | $45.7M | $56.0M |
| 自由现金流率自由现金流/营收 | 5.0% | 8.2% |
| 资本支出强度资本支出/营收 | 15.0% | 0.5% |
| 现金转化率经营现金流/净利润 | 3.86× | — |
| 过去12个月自由现金流最近4个季度 | $126.7M | $90.6M |
8季度趋势，按日历期对齐
| Q4 25 | $182.3M | $59.7M | ||
| Q3 25 | $40.5M | $70.7M | ||
| Q2 25 | $33.2M | $8.4M | ||
| Q1 25 | $155.0M | $12.6M | ||
| Q4 24 | $153.8M | $54.3M | ||
| Q3 24 | $6.7M | $51.8M | ||
| Q2 24 | $-18.1M | $24.1M | ||
| Q1 24 | $152.2M | $-90.3M |
| Q4 25 | $45.7M | $56.0M | ||
| Q3 25 | $9.5M | $42.7M | ||
| Q2 25 | $11.1M | $-12.4M | ||
| Q1 25 | $60.4M | $4.3M | ||
| Q4 24 | $152.1M | $34.4M | ||
| Q3 24 | $-82.9M | $27.3M | ||
| Q2 24 | $-78.0M | $-14.5M | ||
| Q1 24 | $119.8M | $-118.4M |
| Q4 25 | 5.0% | 8.2% | ||
| Q3 25 | 1.4% | 6.4% | ||
| Q2 25 | 1.8% | -1.9% | ||
| Q1 25 | 6.2% | 0.6% | ||
| Q4 24 | 15.5% | 5.0% | ||
| Q3 24 | -11.0% | 4.0% | ||
| Q2 24 | -10.3% | -2.1% | ||
| Q1 24 | 11.5% | -17.1% |
| Q4 25 | 15.0% | 0.5% | ||
| Q3 25 | 4.6% | 4.2% | ||
| Q2 25 | 3.6% | 3.1% | ||
| Q1 25 | 9.7% | 1.2% | ||
| Q4 24 | 0.2% | 2.9% | ||
| Q3 24 | 11.8% | 3.6% | ||
| Q2 24 | 7.9% | 5.6% | ||
| Q1 24 | 3.1% | 4.1% |
| Q4 25 | 3.86× | — | ||
| Q3 25 | 1.38× | — | ||
| Q2 25 | 0.48× | — | ||
| Q1 25 | 11.29× | — | ||
| Q4 24 | 11.39× | — | ||
| Q3 24 | 2.74× | — | ||
| Q2 24 | -1.87× | 0.96× | ||
| Q1 24 | — | — |
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
NGL
| Water Solutions Segment | $208.6M | 23% |
| Services | $193.3M | 21% |
| Butane | $192.5M | 21% |
| Service Fees | $182.8M | 20% |
| Public Utilities Inventory Propane | $93.9M | 10% |
| Crude Oil | $23.3M | 3% |
| Crude Oil Transportation And Other | $6.5M | 1% |
| Liquids Logistics Segment | $2.5M | 0% |
| Crude Oil Logistics Segment | $1.2M | 0% |
RXT
| Public Cloud Services Segment | $442.2M | 65% |
| Private Cloud Service Segment | $240.6M | 35% |
