vs
必能宝（PBI）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.的季度营收约是必能宝的1.4倍（$682.8M vs $477.6M），必能宝净利率更高（5.7% vs -4.8%，领先10.5%），Rackspace Technology, Inc.同比增速更快（-0.4% vs -7.5%），必能宝自由现金流更多（$201.4M vs $56.0M），过去两年Rackspace Technology, Inc.的营收复合增速更高（-0.6% vs -4.3%）
必能宝（Pitney Bowes）是全球知名科技与物流服务商，提供电商配送、邮寄处理、订单履约及客户信息管理解决方案，服务零售、金融、医疗、政府等领域的各类大中小企业客户，助力企业优化物流配送与客户运营效率。
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。
PBI vs RXT — 直观对比
营收规模更大
RXT
是对方的1.4倍
$477.6M
营收增速更快
RXT
高出7.1%
-7.5%
净利率更高
PBI
高出10.5%
-4.8%
自由现金流更多
PBI
多$145.4M
$56.0M
两年增速更快
RXT
近两年复合增速
-4.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $477.6M | $682.8M |
| 净利润 | $27.3M | $-32.7M |
| 毛利率 | — | 17.6% |
| 营业利润率 | 8.0% | -0.5% |
| 净利率 | 5.7% | -4.8% |
| 营收同比 | -7.5% | -0.4% |
| 净利润同比 | 173.1% | 41.6% |
| 每股收益（稀释后） | $0.18 | $-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PBIRXT
| Q4 25 | $477.6M | $682.8M | ||
| Q3 25 | $459.7M | $671.2M | ||
| Q2 25 | $461.9M | $666.3M | ||
| Q1 25 | $493.4M | $665.4M | ||
| Q4 24 | $516.1M | $685.6M | ||
| Q3 24 | $499.5M | $675.8M | ||
| Q2 24 | $489.7M | $684.9M | ||
| Q1 24 | $521.3M | $690.8M |
净利润PBIRXT
| Q4 25 | $27.3M | $-32.7M | ||
| Q3 25 | $52.0M | $-67.1M | ||
| Q2 25 | $30.0M | $-54.5M | ||
| Q1 25 | $35.4M | $-71.5M | ||
| Q4 24 | $-37.4M | $-56.0M | ||
| Q3 24 | $-138.5M | $-186.6M | ||
| Q2 24 | $-24.9M | $25.0M | ||
| Q1 24 | $-2.9M | $-640.6M |
毛利率PBIRXT
| Q4 25 | — | 17.6% | ||
| Q3 25 | — | 19.4% | ||
| Q2 25 | — | 19.4% | ||
| Q1 25 | — | 19.1% | ||
| Q4 24 | 53.8% | 19.2% | ||
| Q3 24 | 52.4% | 20.3% | ||
| Q2 24 | 51.1% | 19.2% | ||
| Q1 24 | 52.3% | 19.2% |
营业利润率PBIRXT
| Q4 25 | 8.0% | -0.5% | ||
| Q3 25 | 14.8% | -5.1% | ||
| Q2 25 | 8.5% | -3.8% | ||
| Q1 25 | 9.5% | -5.8% | ||
| Q4 24 | -9.3% | -4.2% | ||
| Q3 24 | -8.8% | -25.7% | ||
| Q2 24 | -1.6% | -7.9% | ||
| Q1 24 | 9.1% | -94.5% |
净利率PBIRXT
| Q4 25 | 5.7% | -4.8% | ||
| Q3 25 | 11.3% | -10.0% | ||
| Q2 25 | 6.5% | -8.2% | ||
| Q1 25 | 7.2% | -10.7% | ||
| Q4 24 | -7.2% | -8.2% | ||
| Q3 24 | -27.7% | -27.6% | ||
| Q2 24 | -5.1% | 3.7% | ||
| Q1 24 | -0.6% | -92.7% |
每股收益（稀释后）PBIRXT
| Q4 25 | $0.18 | $-0.13 | ||
| Q3 25 | $0.30 | $-0.28 | ||
| Q2 25 | $0.17 | $-0.23 | ||
| Q1 25 | $0.19 | $-0.31 | ||
| Q4 24 | $-0.21 | $-0.20 | ||
| Q3 24 | $-0.75 | $-0.82 | ||
| Q2 24 | $-0.14 | $0.11 | ||
| Q1 24 | $-0.02 | $-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 | $297.1M | $105.8M |
| 总债务越低越好 | $2.0B | $2.7B |
| 股东权益账面价值 | $-802.4M | $-1.2B |
| 总资产 | $3.2B | $2.8B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资PBIRXT
| Q4 25 | $297.1M | $105.8M | ||
| Q3 25 | $336.0M | $99.5M | ||
| Q2 25 | $300.8M | $103.9M | ||
| Q1 25 | $340.0M | $128.0M | ||
| Q4 24 | $486.1M | $144.0M | ||
| Q3 24 | $575.5M | $157.1M | ||
| Q2 24 | $612.0M | $190.2M | ||
| Q1 24 | $538.0M | $282.6M |
总债务PBIRXT
| Q4 25 | $2.0B | $2.7B | ||
| Q3 25 | $2.1B | $2.8B | ||
| Q2 25 | $1.9B | $2.8B | ||
| Q1 25 | $1.9B | $2.8B | ||
| Q4 24 | $1.9B | $2.8B | ||
| Q3 24 | $2.1B | $2.8B | ||
| Q2 24 | $2.1B | $2.9B | ||
| Q1 24 | $2.1B | $3.0B |
股东权益PBIRXT
| Q4 25 | $-802.4M | $-1.2B | ||
| Q3 25 | $-661.5M | $-1.2B | ||
| Q2 25 | $-536.8M | $-1.1B | ||
| Q1 25 | $-535.9M | $-1.1B | ||
| Q4 24 | $-578.4M | $-1.0B | ||
| Q3 24 | $-518.9M | $-949.7M | ||
| Q2 24 | $-427.9M | $-756.2M | ||
| Q1 24 | $-392.4M | $-787.2M |
总资产PBIRXT
| Q4 25 | $3.2B | $2.8B | ||
| Q3 25 | $3.3B | $2.8B | ||
| Q2 25 | $3.2B | $2.9B | ||
| Q1 25 | $3.3B | $3.0B | ||
| Q4 24 | $3.4B | $3.1B | ||
| Q3 24 | $3.6B | $3.1B | ||
| Q2 24 | $4.1B | $3.4B | ||
| Q1 24 | $4.1B | $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 | $221.7M | $59.7M |
| 自由现金流经营现金流 - 资本支出 | $201.4M | $56.0M |
| 自由现金流率自由现金流/营收 | 42.2% | 8.2% |
| 资本支出强度资本支出/营收 | 4.2% | 0.5% |
| 现金转化率经营现金流/净利润 | 8.11× | — |
| 过去12个月自由现金流最近4个季度 | $317.0M | $90.6M |
8季度趋势，按日历期对齐
经营现金流PBIRXT
| Q4 25 | $221.7M | $59.7M | ||
| Q3 25 | $66.8M | $70.7M | ||
| Q2 25 | $111.4M | $8.4M | ||
| Q1 25 | $-16.7M | $12.6M | ||
| Q4 24 | $134.5M | $54.3M | ||
| Q3 24 | $14.7M | $51.8M | ||
| Q2 24 | $92.6M | $24.1M | ||
| Q1 24 | $-12.6M | $-90.3M |
自由现金流PBIRXT
| Q4 25 | $201.4M | $56.0M | ||
| Q3 25 | $51.1M | $42.7M | ||
| Q2 25 | $98.0M | $-12.4M | ||
| Q1 25 | $-33.6M | $4.3M | ||
| Q4 24 | $112.3M | $34.4M | ||
| Q3 24 | $-4.7M | $27.3M | ||
| Q2 24 | $76.1M | $-14.5M | ||
| Q1 24 | $-26.9M | $-118.4M |
自由现金流率PBIRXT
| Q4 25 | 42.2% | 8.2% | ||
| Q3 25 | 11.1% | 6.4% | ||
| Q2 25 | 21.2% | -1.9% | ||
| Q1 25 | -6.8% | 0.6% | ||
| Q4 24 | 21.8% | 5.0% | ||
| Q3 24 | -0.9% | 4.0% | ||
| Q2 24 | 15.5% | -2.1% | ||
| Q1 24 | -5.2% | -17.1% |
资本支出强度PBIRXT
| Q4 25 | 4.2% | 0.5% | ||
| Q3 25 | 3.4% | 4.2% | ||
| Q2 25 | 2.9% | 3.1% | ||
| Q1 25 | 3.4% | 1.2% | ||
| Q4 24 | 4.3% | 2.9% | ||
| Q3 24 | 3.9% | 3.6% | ||
| Q2 24 | 3.4% | 5.6% | ||
| Q1 24 | 2.7% | 4.1% |
现金转化率PBIRXT
| Q4 25 | 8.11× | — | ||
| Q3 25 | 1.29× | — | ||
| Q2 25 | 3.72× | — | ||
| Q1 25 | -0.47× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 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
PBI
| Sales And Services | $218.4M | 46% |
| Presort Services | $159.7M | 33% |
| Financing And Other | $79.0M | 17% |
| Other | $20.5M | 4% |
RXT
| Public Cloud Services Segment | $442.2M | 65% |
| Private Cloud Service Segment | $240.6M | 35% |
