vs
Northwest Natural Holding Co（NWN）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Northwest Natural Holding Co的1.7倍（$682.8M vs $394.2M），Northwest Natural Holding Co同比增速更快（6.3% vs -0.4%），Rackspace Technology, Inc.自由现金流更多（$56.0M vs $-131.0M），过去两年Rackspace Technology, Inc.的营收复合增速更高（-0.6% vs -4.6%）
西北天然气控股公司是美国上市公用事业企业，总部位于俄勒冈州波特兰，成立于1859年。核心业务为天然气配送，服务俄勒冈州西部、华盛顿州西南部的居民、商业及工业客户，同时运营水务业务，目前服务约80万用户，年营收超10亿美元。
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。
NWN vs RXT — 直观对比
营收规模更大
RXT
是对方的1.7倍
$394.2M
营收增速更快
NWN
高出6.7%
-0.4%
自由现金流更多
RXT
多$187.0M
$-131.0M
两年增速更快
RXT
近两年复合增速
-4.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $394.2M | $682.8M |
| 净利润 | — | $-32.7M |
| 毛利率 | — | 17.6% |
| 营业利润率 | 28.4% | -0.5% |
| 净利率 | — | -4.8% |
| 营收同比 | 6.3% | -0.4% |
| 净利润同比 | — | 41.6% |
| 每股收益（稀释后） | $1.38 | $-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NWNRXT
| Q4 25 | $394.2M | $682.8M | ||
| Q3 25 | $164.7M | $671.2M | ||
| Q2 25 | $236.2M | $666.3M | ||
| Q1 25 | $494.3M | $665.4M | ||
| Q4 24 | $370.9M | $685.6M | ||
| Q3 24 | $136.9M | $675.8M | ||
| Q2 24 | $211.7M | $684.9M | ||
| Q1 24 | $433.5M | $690.8M |
净利润NWNRXT
| Q4 25 | — | $-32.7M | ||
| Q3 25 | $-29.9M | $-67.1M | ||
| Q2 25 | $-2.5M | $-54.5M | ||
| Q1 25 | $87.9M | $-71.5M | ||
| Q4 24 | — | $-56.0M | ||
| Q3 24 | $-27.2M | $-186.6M | ||
| Q2 24 | $-2.8M | $25.0M | ||
| Q1 24 | $63.8M | $-640.6M |
毛利率NWNRXT
| Q4 25 | — | 17.6% | ||
| Q3 25 | — | 19.4% | ||
| Q2 25 | — | 19.4% | ||
| Q1 25 | — | 19.1% | ||
| Q4 24 | — | 19.2% | ||
| Q3 24 | — | 20.3% | ||
| Q2 24 | — | 19.2% | ||
| Q1 24 | — | 19.2% |
营业利润率NWNRXT
| Q4 25 | 28.4% | -0.5% | ||
| Q3 25 | -7.5% | -5.1% | ||
| Q2 25 | 11.5% | -3.8% | ||
| Q1 25 | 31.2% | -5.8% | ||
| Q4 24 | 22.9% | -4.2% | ||
| Q3 24 | -14.1% | -25.7% | ||
| Q2 24 | 7.4% | -7.9% | ||
| Q1 24 | 25.3% | -94.5% |
净利率NWNRXT
| Q4 25 | — | -4.8% | ||
| Q3 25 | -18.1% | -10.0% | ||
| Q2 25 | -1.1% | -8.2% | ||
| Q1 25 | 17.8% | -10.7% | ||
| Q4 24 | — | -8.2% | ||
| Q3 24 | -19.8% | -27.6% | ||
| Q2 24 | -1.3% | 3.7% | ||
| Q1 24 | 14.7% | -92.7% |
每股收益（稀释后）NWNRXT
| Q4 25 | $1.38 | $-0.13 | ||
| Q3 25 | $-0.73 | $-0.28 | ||
| Q2 25 | $-0.06 | $-0.23 | ||
| Q1 25 | $2.18 | $-0.31 | ||
| Q4 24 | $1.12 | $-0.20 | ||
| Q3 24 | $-0.71 | $-0.82 | ||
| Q2 24 | $-0.07 | $0.11 | ||
| Q1 24 | $1.69 | $-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 | $36.7M | $105.8M |
| 总债务越低越好 | $2.4B | $2.7B |
| 股东权益账面价值 | $1.5B | $-1.2B |
| 总资产 | $6.2B | $2.8B |
| 负债/权益比越低杠杆越低 | 1.65× | — |
8季度趋势，按日历期对齐
现金及短期投资NWNRXT
| Q4 25 | $36.7M | $105.8M | ||
| Q3 25 | $32.2M | $99.5M | ||
| Q2 25 | $102.6M | $103.9M | ||
| Q1 25 | $100.0M | $128.0M | ||
| Q4 24 | $38.5M | $144.0M | ||
| Q3 24 | $35.0M | $157.1M | ||
| Q2 24 | $65.2M | $190.2M | ||
| Q1 24 | $72.4M | $282.6M |
总债务NWNRXT
| Q4 25 | $2.4B | $2.7B | ||
| Q3 25 | $2.2B | $2.8B | ||
| Q2 25 | $2.2B | $2.8B | ||
| Q1 25 | $2.2B | $2.8B | ||
| Q4 24 | $1.7B | $2.8B | ||
| Q3 24 | $1.6B | $2.8B | ||
| Q2 24 | $1.6B | $2.9B | ||
| Q1 24 | $1.6B | $3.0B |
股东权益NWNRXT
| Q4 25 | $1.5B | $-1.2B | ||
| Q3 25 | $1.4B | $-1.2B | ||
| Q2 25 | $1.5B | $-1.1B | ||
| Q1 25 | $1.5B | $-1.1B | ||
| Q4 24 | $1.4B | $-1.0B | ||
| Q3 24 | $1.4B | $-949.7M | ||
| Q2 24 | $1.3B | $-756.2M | ||
| Q1 24 | $1.3B | $-787.2M |
总资产NWNRXT
| Q4 25 | $6.2B | $2.8B | ||
| Q3 25 | $5.9B | $2.8B | ||
| Q2 25 | $5.8B | $2.9B | ||
| Q1 25 | $5.7B | $3.0B | ||
| Q4 24 | $5.2B | $3.1B | ||
| Q3 24 | $4.9B | $3.1B | ||
| Q2 24 | $4.8B | $3.4B | ||
| Q1 24 | $4.8B | $3.5B |
负债/权益比NWNRXT
| Q4 25 | 1.65× | — | ||
| Q3 25 | 1.56× | — | ||
| Q2 25 | 1.53× | — | ||
| Q1 25 | 1.53× | — | ||
| Q4 24 | 1.23× | — | ||
| Q3 24 | 1.16× | — | ||
| Q2 24 | 1.17× | — | ||
| Q1 24 | 1.17× | — |
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 | $3.3M | $59.7M |
| 自由现金流经营现金流 - 资本支出 | $-131.0M | $56.0M |
| 自由现金流率自由现金流/营收 | -33.2% | 8.2% |
| 资本支出强度资本支出/营收 | 34.1% | 0.5% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $-197.8M | $90.6M |
8季度趋势，按日历期对齐
经营现金流NWNRXT
| Q4 25 | $3.3M | $59.7M | ||
| Q3 25 | $-15.9M | $70.7M | ||
| Q2 25 | $102.2M | $8.4M | ||
| Q1 25 | $179.6M | $12.6M | ||
| Q4 24 | $-19.4M | $54.3M | ||
| Q3 24 | $-26.4M | $51.8M | ||
| Q2 24 | $121.0M | $24.1M | ||
| Q1 24 | $125.0M | $-90.3M |
自由现金流NWNRXT
| Q4 25 | $-131.0M | $56.0M | ||
| Q3 25 | $-125.9M | $42.7M | ||
| Q2 25 | $-18.3M | $-12.4M | ||
| Q1 25 | $77.4M | $4.3M | ||
| Q4 24 | $-119.6M | $34.4M | ||
| Q3 24 | $-121.7M | $27.3M | ||
| Q2 24 | $4.3M | $-14.5M | ||
| Q1 24 | $42.8M | $-118.4M |
自由现金流率NWNRXT
| Q4 25 | -33.2% | 8.2% | ||
| Q3 25 | -76.4% | 6.4% | ||
| Q2 25 | -7.8% | -1.9% | ||
| Q1 25 | 15.7% | 0.6% | ||
| Q4 24 | -32.2% | 5.0% | ||
| Q3 24 | -88.9% | 4.0% | ||
| Q2 24 | 2.0% | -2.1% | ||
| Q1 24 | 9.9% | -17.1% |
资本支出强度NWNRXT
| Q4 25 | 34.1% | 0.5% | ||
| Q3 25 | 66.8% | 4.2% | ||
| Q2 25 | 51.0% | 3.1% | ||
| Q1 25 | 20.7% | 1.2% | ||
| Q4 24 | 27.0% | 2.9% | ||
| Q3 24 | 69.6% | 3.6% | ||
| Q2 24 | 55.1% | 5.6% | ||
| Q1 24 | 19.0% | 4.1% |
现金转化率NWNRXT
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 2.04× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 0.96× | ||
| Q1 24 | 1.96× | — |
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
NWN
| NWN Gas Utility | $341.4M | 87% |
| Alternativerevenue | $27.2M | 7% |
| Si Energy Gas Utility | $20.0M | 5% |
| NW Natural Other | $6.9M | 2% |
RXT
| Public Cloud Services Segment | $442.2M | 65% |
| Private Cloud Service Segment | $240.6M | 35% |
