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NetApp（NTAP）与RXO, Inc.（RXO）财务数据对比。点击上方公司名可切换其他公司
NetApp的季度营收约是RXO, Inc.的1.2倍（$1.7B vs $1.5B），NetApp净利率更高（17.9% vs -3.1%，领先21.0%），NetApp同比增速更快（2.8% vs -11.9%），NetApp自由现金流更多（$78.0M vs $-9.0M），过去两年RXO, Inc.的营收复合增速更高（26.8% vs 3.0%）
NetApp是总部位于美国加利福尼亚州圣何塞的企业级数据基础设施服务商，成立于1992年，2012至2021年连续入选《财富》世界500强。公司面向全球企业客户提供统一数据存储、集成数据服务及云运营解决方案，可满足线上线下全场景的应用与数据管理需求。
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。
NTAP vs RXO — 直观对比
营收规模更大
NTAP
是对方的1.2倍
$1.5B
营收增速更快
NTAP
高出14.7%
-11.9%
净利率更高
NTAP
高出21.0%
-3.1%
自由现金流更多
NTAP
多$87.0M
$-9.0M
两年增速更快
RXO
近两年复合增速
3.0%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.7B | $1.5B |
| 净利润 | $305.0M | $-46.0M |
| 毛利率 | 72.0% | — |
| 营业利润率 | 23.4% | -2.9% |
| 净利率 | 17.9% | -3.1% |
| 营收同比 | 2.8% | -11.9% |
| 净利润同比 | 2.0% | -84.0% |
| 每股收益（稀释后） | $1.51 | $-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NTAPRXO
| Q4 25 | $1.7B | $1.5B | ||
| Q3 25 | $1.6B | $1.4B | ||
| Q2 25 | $1.7B | $1.4B | ||
| Q1 25 | $1.6B | $1.4B | ||
| Q4 24 | $1.7B | $1.7B | ||
| Q3 24 | $1.5B | $1.0B | ||
| Q2 24 | $1.7B | $930.0M | ||
| Q1 24 | $1.6B | $913.0M |
净利润NTAPRXO
| Q4 25 | $305.0M | $-46.0M | ||
| Q3 25 | $233.0M | $-14.0M | ||
| Q2 25 | $340.0M | $-9.0M | ||
| Q1 25 | $299.0M | $-31.0M | ||
| Q4 24 | $299.0M | $-25.0M | ||
| Q3 24 | $248.0M | $-243.0M | ||
| Q2 24 | $291.0M | $-7.0M | ||
| Q1 24 | $313.0M | $-15.0M |
毛利率NTAPRXO
| Q4 25 | 72.0% | — | ||
| Q3 25 | 70.4% | — | ||
| Q2 25 | 68.9% | — | ||
| Q1 25 | 69.8% | — | ||
| Q4 24 | 71.0% | — | ||
| Q3 24 | 71.3% | — | ||
| Q2 24 | 70.5% | — | ||
| Q1 24 | 71.7% | — |
营业利润率NTAPRXO
| Q4 25 | 23.4% | -2.9% | ||
| Q3 25 | 19.8% | -0.5% | ||
| Q2 25 | 20.1% | — | ||
| Q1 25 | 22.1% | -2.1% | ||
| Q4 24 | 20.8% | -1.4% | ||
| Q3 24 | 18.3% | -1.9% | ||
| Q2 24 | 21.9% | — | ||
| Q1 24 | 22.8% | -1.3% |
净利率NTAPRXO
| Q4 25 | 17.9% | -3.1% | ||
| Q3 25 | 14.9% | -1.0% | ||
| Q2 25 | 19.6% | -0.6% | ||
| Q1 25 | 18.2% | -2.2% | ||
| Q4 24 | 18.0% | -1.5% | ||
| Q3 24 | 16.1% | -23.4% | ||
| Q2 24 | 17.4% | -0.8% | ||
| Q1 24 | 19.5% | -1.6% |
每股收益（稀释后）NTAPRXO
| Q4 25 | $1.51 | $-0.28 | ||
| Q3 25 | $1.15 | $-0.08 | ||
| Q2 25 | $1.64 | $-0.05 | ||
| Q1 25 | $1.44 | $-0.18 | ||
| Q4 24 | $1.42 | $-0.17 | ||
| Q3 24 | $1.17 | $-1.81 | ||
| Q2 24 | $1.36 | $-0.06 | ||
| Q1 24 | $1.48 | $-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 | $3.0B | $17.0M |
| 总债务越低越好 | $2.5B | $387.0M |
| 股东权益账面价值 | $986.0M | $1.5B |
| 总资产 | $9.6B | $3.3B |
| 负债/权益比越低杠杆越低 | 2.52× | 0.25× |
8季度趋势，按日历期对齐
现金及短期投资NTAPRXO
| Q4 25 | $3.0B | $17.0M | ||
| Q3 25 | $3.3B | $25.0M | ||
| Q2 25 | $3.8B | $18.0M | ||
| Q1 25 | $2.3B | $16.0M | ||
| Q4 24 | $2.2B | $35.0M | ||
| Q3 24 | $3.0B | $55.0M | ||
| Q2 24 | $3.3B | $7.0M | ||
| Q1 24 | $2.9B | $7.0M |
总债务NTAPRXO
| Q4 25 | $2.5B | $387.0M | ||
| Q3 25 | $2.5B | $387.0M | ||
| Q2 25 | $3.2B | $387.0M | ||
| Q1 25 | $2.0B | $387.0M | ||
| Q4 24 | $2.0B | $351.0M | ||
| Q3 24 | $2.4B | $352.0M | ||
| Q2 24 | $2.4B | $370.0M | ||
| Q1 24 | $2.4B | $351.0M |
股东权益NTAPRXO
| Q4 25 | $986.0M | $1.5B | ||
| Q3 25 | $975.0M | $1.6B | ||
| Q2 25 | $1.0B | $1.6B | ||
| Q1 25 | $995.0M | $1.6B | ||
| Q4 24 | $892.0M | $1.6B | ||
| Q3 24 | $929.0M | $1.7B | ||
| Q2 24 | $1.1B | $579.0M | ||
| Q1 24 | $994.0M | $582.0M |
总资产NTAPRXO
| Q4 25 | $9.6B | $3.3B | ||
| Q3 25 | $9.7B | $3.2B | ||
| Q2 25 | $10.8B | $3.2B | ||
| Q1 25 | $9.0B | $3.3B | ||
| Q4 24 | $9.0B | $3.4B | ||
| Q3 24 | $9.3B | $3.4B | ||
| Q2 24 | $9.9B | $1.8B | ||
| Q1 24 | $9.4B | $1.8B |
负债/权益比NTAPRXO
| Q4 25 | 2.52× | 0.25× | ||
| Q3 25 | 2.55× | 0.24× | ||
| Q2 25 | 3.11× | 0.24× | ||
| Q1 25 | 2.00× | 0.24× | ||
| Q4 24 | 2.23× | 0.22× | ||
| Q3 24 | 2.58× | 0.21× | ||
| Q2 24 | 2.09× | 0.64× | ||
| Q1 24 | 2.41× | 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 | $127.0M | $7.0M |
| 自由现金流经营现金流 - 资本支出 | $78.0M | $-9.0M |
| 自由现金流率自由现金流/营收 | 4.6% | -0.6% |
| 资本支出强度资本支出/营收 | 2.9% | 1.1% |
| 现金转化率经营现金流/净利润 | 0.42× | — |
| 过去12个月自由现金流最近4个季度 | — | $-8.0M |
8季度趋势，按日历期对齐
经营现金流NTAPRXO
| Q4 25 | $127.0M | $7.0M | ||
| Q3 25 | $673.0M | $23.0M | ||
| Q2 25 | — | $23.0M | ||
| Q1 25 | $385.0M | $-2.0M | ||
| Q4 24 | — | $-7.0M | ||
| Q3 24 | $341.0M | $-7.0M | ||
| Q2 24 | $613.0M | $-5.0M | ||
| Q1 24 | $484.0M | $7.0M |
自由现金流NTAPRXO
| Q4 25 | $78.0M | $-9.0M | ||
| Q3 25 | $620.0M | $9.0M | ||
| Q2 25 | — | $9.0M | ||
| Q1 25 | $338.0M | $-17.0M | ||
| Q4 24 | — | $-19.0M | ||
| Q3 24 | $300.0M | $-18.0M | ||
| Q2 24 | $567.0M | $-16.0M | ||
| Q1 24 | $448.0M | $-4.0M |
自由现金流率NTAPRXO
| Q4 25 | 4.6% | -0.6% | ||
| Q3 25 | 39.8% | 0.6% | ||
| Q2 25 | — | 0.6% | ||
| Q1 25 | 20.6% | -1.2% | ||
| Q4 24 | — | -1.1% | ||
| Q3 24 | 19.5% | -1.7% | ||
| Q2 24 | 34.0% | -1.7% | ||
| Q1 24 | 27.9% | -0.4% |
资本支出强度NTAPRXO
| Q4 25 | 2.9% | 1.1% | ||
| Q3 25 | 3.4% | 1.0% | ||
| Q2 25 | — | 1.0% | ||
| Q1 25 | 2.9% | 1.0% | ||
| Q4 24 | — | 0.7% | ||
| Q3 24 | 2.7% | 1.1% | ||
| Q2 24 | 2.8% | 1.2% | ||
| Q1 24 | 2.2% | 1.2% |
现金转化率NTAPRXO
| Q4 25 | 0.42× | — | ||
| Q3 25 | 2.89× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 1.29× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.38× | — | ||
| Q2 24 | 2.11× | — | ||
| Q1 24 | 1.55× | — |
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
NTAP
| Products | $788.0M | 46% |
| Support | $647.0M | 38% |
| Public Cloud Segment | $171.0M | 10% |
| Professional And Other Services | $99.0M | 6% |
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% |
