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甲骨文（ORCL）与雷神技术公司（RTX）财务数据对比。点击上方公司名可切换其他公司
雷神技术公司的季度营收约是甲骨文的1.4倍（$22.1B vs $16.1B），甲骨文净利率更高（38.2% vs 9.3%，领先28.9%），甲骨文同比增速更快（14.2% vs 8.7%），雷神技术公司自由现金流更多（$1.3B vs $-10.0B），过去两年甲骨文的营收复合增速更高（10.0% vs 5.8%）
甲骨文公司是全球知名的企业软件公司，主打数据库软件、企业级应用软件、云基础设施与云服务等业务，为全球各行业的企业提供数字化转型、数据管理与业务运营的技术解决方案，在全球企业级科技领域占据重要地位。
RTX公司原名为雷神技术公司，是总部位于美国弗吉尼亚州阿灵顿的跨国航空航天与防务集团。按营收和市值计算，它是全球规模最大的航空航天及防务制造商之一，同时也是知名情报服务提供商，2023年位列福布斯全球2000强第79位。
ORCL vs RTX — 直观对比
营收规模更大
RTX
是对方的1.4倍
$16.1B
营收增速更快
ORCL
高出5.5%
8.7%
净利率更高
ORCL
高出28.9%
9.3%
自由现金流更多
RTX
多$11.3B
$-10.0B
两年增速更快
ORCL
近两年复合增速
5.8%
损益表 — Q2 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $16.1B | $22.1B |
| 净利润 | $6.1B | $2.1B |
| 毛利率 | — | 20.8% |
| 营业利润率 | 29.5% | 5.9% |
| 净利率 | 38.2% | 9.3% |
| 营收同比 | 14.2% | 8.7% |
| 净利润同比 | 94.7% | 34.1% |
| 每股收益（稀释后） | $2.10 | $1.51 |
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ORCLRTX
| Q1 26 | — | $22.1B | ||
| Q4 25 | $16.1B | $24.2B | ||
| Q3 25 | $14.9B | $22.5B | ||
| Q2 25 | $15.9B | $21.6B | ||
| Q1 25 | $14.1B | $20.3B | ||
| Q4 24 | $14.1B | $21.6B | ||
| Q3 24 | $13.3B | $20.1B | ||
| Q2 24 | $14.3B | $19.7B |
净利润ORCLRTX
| Q1 26 | — | $2.1B | ||
| Q4 25 | $6.1B | $1.6B | ||
| Q3 25 | $2.9B | $1.9B | ||
| Q2 25 | $3.4B | $1.7B | ||
| Q1 25 | $2.9B | $1.5B | ||
| Q4 24 | $3.2B | $1.5B | ||
| Q3 24 | $2.9B | $1.5B | ||
| Q2 24 | $3.1B | $111.0M |
毛利率ORCLRTX
| Q1 26 | — | 20.8% | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
营业利润率ORCLRTX
| Q1 26 | — | 5.9% | ||
| Q4 25 | 29.5% | 10.7% | ||
| Q3 25 | 28.7% | 11.2% | ||
| Q2 25 | 32.1% | 9.9% | ||
| Q1 25 | 30.8% | 10.0% | ||
| Q4 24 | 30.0% | 9.8% | ||
| Q3 24 | 30.0% | 10.1% | ||
| Q2 24 | 32.8% | 2.7% |
净利率ORCLRTX
| Q1 26 | — | 9.3% | ||
| Q4 25 | 38.2% | 6.7% | ||
| Q3 25 | 19.6% | 8.5% | ||
| Q2 25 | 21.5% | 7.7% | ||
| Q1 25 | 20.8% | 7.6% | ||
| Q4 24 | 22.4% | 6.9% | ||
| Q3 24 | 22.0% | 7.3% | ||
| Q2 24 | 22.0% | 0.6% |
每股收益（稀释后）ORCLRTX
| Q1 26 | — | $1.51 | ||
| Q4 25 | $2.10 | $1.19 | ||
| Q3 25 | $1.01 | $1.41 | ||
| Q2 25 | $1.19 | $1.22 | ||
| Q1 25 | $1.02 | $1.14 | ||
| Q4 24 | $1.10 | $1.10 | ||
| Q3 24 | $1.03 | $1.09 | ||
| Q2 24 | $1.11 | $0.08 |
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 | $19.2B | $6.8B |
| 总债务越低越好 | — | $33.2B |
| 股东权益账面价值 | $30.0B | $68.0B |
| 总资产 | $205.0B | $170.4B |
| 负债/权益比越低杠杆越低 | — | 0.49× |
8季度趋势，按日历期对齐
现金及短期投资ORCLRTX
| Q1 26 | — | $6.8B | ||
| Q4 25 | $19.2B | $8.2B | ||
| Q3 25 | $10.4B | $6.7B | ||
| Q2 25 | $10.8B | $5.5B | ||
| Q1 25 | $17.4B | $5.8B | ||
| Q4 24 | $10.9B | $6.4B | ||
| Q3 24 | $10.6B | $7.4B | ||
| Q2 24 | $10.5B | $6.7B |
总债务ORCLRTX
| Q1 26 | — | $33.2B | ||
| Q4 25 | — | $34.3B | ||
| Q3 25 | — | $38.3B | ||
| Q2 25 | — | $38.3B | ||
| Q1 25 | — | $38.2B | ||
| Q4 24 | — | $38.7B | ||
| Q3 24 | — | $38.8B | ||
| Q2 24 | — | $40.3B |
股东权益ORCLRTX
| Q1 26 | — | $68.0B | ||
| Q4 25 | $30.0B | $65.2B | ||
| Q3 25 | $24.2B | $64.5B | ||
| Q2 25 | $20.5B | $62.4B | ||
| Q1 25 | $16.7B | $61.5B | ||
| Q4 24 | $13.7B | $60.2B | ||
| Q3 24 | $10.8B | $61.1B | ||
| Q2 24 | $8.7B | $59.0B |
总资产ORCLRTX
| Q1 26 | — | $170.4B | ||
| Q4 25 | $205.0B | $171.1B | ||
| Q3 25 | $180.4B | $168.7B | ||
| Q2 25 | $168.4B | $167.1B | ||
| Q1 25 | $161.4B | $164.9B | ||
| Q4 24 | $148.5B | $162.9B | ||
| Q3 24 | $144.2B | $164.8B | ||
| Q2 24 | $141.0B | $161.2B |
负债/权益比ORCLRTX
| Q1 26 | — | 0.49× | ||
| Q4 25 | — | 0.53× | ||
| Q3 25 | — | 0.59× | ||
| Q2 25 | — | 0.61× | ||
| Q1 25 | — | 0.62× | ||
| Q4 24 | — | 0.64× | ||
| Q3 24 | — | 0.64× | ||
| Q2 24 | — | 0.68× |
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 | $2.1B | — |
| 自由现金流经营现金流 - 资本支出 | $-10.0B | $1.3B |
| 自由现金流率自由现金流/营收 | -62.1% | 5.9% |
| 资本支出强度资本支出/营收 | 74.9% | 2.5% |
| 现金转化率经营现金流/净利润 | 0.34× | — |
| 过去12个月自由现金流最近4个季度 | $-13.2B | $8.5B |
8季度趋势，按日历期对齐
经营现金流ORCLRTX
| Q1 26 | — | — | ||
| Q4 25 | $2.1B | $4.2B | ||
| Q3 25 | $8.1B | $4.6B | ||
| Q2 25 | $6.2B | $458.0M | ||
| Q1 25 | $5.9B | $1.3B | ||
| Q4 24 | $1.3B | $1.6B | ||
| Q3 24 | $7.4B | $2.5B | ||
| Q2 24 | $6.1B | $2.7B |
自由现金流ORCLRTX
| Q1 26 | — | $1.3B | ||
| Q4 25 | $-10.0B | $3.2B | ||
| Q3 25 | $-362.0M | $4.0B | ||
| Q2 25 | $-2.9B | $-72.0M | ||
| Q1 25 | $71.0M | $792.0M | ||
| Q4 24 | $-2.7B | $492.0M | ||
| Q3 24 | $5.1B | $2.0B | ||
| Q2 24 | $3.3B | $2.2B |
自由现金流率ORCLRTX
| Q1 26 | — | 5.9% | ||
| Q4 25 | -62.1% | 13.2% | ||
| Q3 25 | -2.4% | 17.9% | ||
| Q2 25 | -18.4% | -0.3% | ||
| Q1 25 | 0.5% | 3.9% | ||
| Q4 24 | -19.0% | 2.3% | ||
| Q3 24 | 38.5% | 9.8% | ||
| Q2 24 | 23.0% | 11.1% |
资本支出强度ORCLRTX
| Q1 26 | — | 2.5% | ||
| Q4 25 | 74.9% | 4.0% | ||
| Q3 25 | 57.0% | 2.7% | ||
| Q2 25 | 57.1% | 2.5% | ||
| Q1 25 | 41.5% | 2.5% | ||
| Q4 24 | 28.2% | 4.9% | ||
| Q3 24 | 17.3% | 2.7% | ||
| Q2 24 | 19.6% | 2.7% |
现金转化率ORCLRTX
| Q1 26 | — | — | ||
| Q4 25 | 0.34× | 2.57× | ||
| Q3 25 | 2.78× | 2.42× | ||
| Q2 25 | 1.80× | 0.28× | ||
| Q1 25 | 2.02× | 0.85× | ||
| Q4 24 | 0.41× | 1.05× | ||
| Q3 24 | 2.54× | 1.71× | ||
| Q2 24 | 1.93× | 24.62× |
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
ORCL
| Software Support | $4.9B | 31% |
| Cloud Infrastructure | $4.1B | 25% |
| Cloud Applications | $3.9B | 24% |
| Services Business | $1.4B | 9% |
| Software License | $939.0M | 6% |
| Hardware Business | $776.0M | 5% |
RTX
暂无分部数据
