vs
P3 Health Partners Inc.（PIII）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P3 Health Partners Inc.的1.8倍（$682.8M vs $384.8M），Rackspace Technology, Inc.净利率更高（-4.8% vs -19.6%，领先14.8%），P3 Health Partners Inc.同比增速更快（3.8% vs -0.4%），过去两年P3 Health Partners Inc.的营收复合增速更高（-0.5% vs -0.6%）
P3 Health Partners Inc.是一家总部位于美国的人口健康管理与价值型医疗服务企业，与基层医疗机构及医疗系统合作，为包括联邦医保优势计划参保者在内的人群提供协同优质医疗服务，致力于提升诊疗效果、降低不必要的医疗开支。
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。
PIII vs RXT — 直观对比
营收规模更大
RXT
是对方的1.8倍
$384.8M
营收增速更快
PIII
高出4.2%
-0.4%
净利率更高
RXT
高出14.8%
-19.6%
两年增速更快
PIII
近两年复合增速
-0.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $384.8M | $682.8M |
| 净利润 | $-75.5M | $-32.7M |
| 毛利率 | — | 17.6% |
| 营业利润率 | -40.0% | -0.5% |
| 净利率 | -19.6% | -4.8% |
| 营收同比 | 3.8% | -0.4% |
| 净利润同比 | -28.8% | 41.6% |
| 每股收益（稀释后） | $-23.08 | $-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PIIIRXT
| Q4 25 | $384.8M | $682.8M | ||
| Q3 25 | $345.3M | $671.2M | ||
| Q2 25 | $355.8M | $666.3M | ||
| Q1 25 | $373.2M | $665.4M | ||
| Q4 24 | $370.7M | $685.6M | ||
| Q3 24 | $362.1M | $675.8M | ||
| Q2 24 | $379.2M | $684.9M | ||
| Q1 24 | $388.5M | $690.8M |
净利润PIIIRXT
| Q4 25 | $-75.5M | $-32.7M | ||
| Q3 25 | $-31.6M | $-67.1M | ||
| Q2 25 | $-20.4M | $-54.5M | ||
| Q1 25 | $-20.5M | $-71.5M | ||
| Q4 24 | $-58.6M | $-56.0M | ||
| Q3 24 | $-46.5M | $-186.6M | ||
| Q2 24 | $-12.0M | $25.0M | ||
| Q1 24 | $-18.7M | $-640.6M |
毛利率PIIIRXT
| 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PIIIRXT
| Q4 25 | -40.0% | -0.5% | ||
| Q3 25 | -12.8% | -5.1% | ||
| Q2 25 | -9.6% | -3.8% | ||
| Q1 25 | -10.2% | -5.8% | ||
| Q4 24 | -37.4% | -4.2% | ||
| Q3 24 | -29.5% | -25.7% | ||
| Q2 24 | -8.3% | -7.9% | ||
| Q1 24 | -11.3% | -94.5% |
净利率PIIIRXT
| Q4 25 | -19.6% | -4.8% | ||
| Q3 25 | -9.1% | -10.0% | ||
| Q2 25 | -5.7% | -8.2% | ||
| Q1 25 | -5.5% | -10.7% | ||
| Q4 24 | -15.8% | -8.2% | ||
| Q3 24 | -12.8% | -27.6% | ||
| Q2 24 | -3.2% | 3.7% | ||
| Q1 24 | -4.8% | -92.7% |
每股收益（稀释后）PIIIRXT
| Q4 25 | $-23.08 | $-0.13 | ||
| Q3 25 | $-9.67 | $-0.28 | ||
| Q2 25 | $-6.23 | $-0.23 | ||
| Q1 25 | $-6.28 | $-0.31 | ||
| Q4 24 | $-23.13 | $-0.20 | ||
| Q3 24 | $-15.70 | $-0.82 | ||
| Q2 24 | $-7.37 | $0.11 | ||
| Q1 24 | $-7.86 | $-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 | $25.0M | $105.8M |
| 总债务越低越好 | $228.4M | $2.7B |
| 股东权益账面价值 | $-155.2M | $-1.2B |
| 总资产 | $656.6M | $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PIIIRXT
| Q4 25 | $25.0M | $105.8M | ||
| Q3 25 | $37.7M | $99.5M | ||
| Q2 25 | $38.6M | $103.9M | ||
| Q1 25 | $40.1M | $128.0M | ||
| Q4 24 | $38.8M | $144.0M | ||
| Q3 24 | $63.0M | $157.1M | ||
| Q2 24 | $73.1M | $190.2M | ||
| Q1 24 | $27.3M | $282.6M |
总债务PIIIRXT
| Q4 25 | $228.4M | $2.7B | ||
| Q3 25 | $252.8M | $2.8B | ||
| Q2 25 | $182.0M | $2.8B | ||
| Q1 25 | $171.1M | $2.8B | ||
| Q4 24 | $108.9M | $2.8B | ||
| Q3 24 | $133.2M | $2.8B | ||
| Q2 24 | $133.1M | $2.9B | ||
| Q1 24 | $118.1M | $3.0B |
股东权益PIIIRXT
| Q4 25 | $-155.2M | $-1.2B | ||
| Q3 25 | $-18.7M | $-1.2B | ||
| Q2 25 | $44.5M | $-1.1B | ||
| Q1 25 | $63.3M | $-1.1B | ||
| Q4 24 | $75.9M | $-1.0B | ||
| Q3 24 | $120.5M | $-949.7M | ||
| Q2 24 | $166.8M | $-756.2M | ||
| Q1 24 | $146.6M | $-787.2M |
总资产PIIIRXT
| Q4 25 | $656.6M | $2.8B | ||
| Q3 25 | $683.6M | $2.8B | ||
| Q2 25 | $731.6M | $2.9B | ||
| Q1 25 | $783.9M | $3.0B | ||
| Q4 24 | $783.4M | $3.1B | ||
| Q3 24 | $833.3M | $3.1B | ||
| Q2 24 | $892.8M | $3.4B | ||
| Q1 24 | $855.9M | $3.5B |
负债/权益比PIIIRXT
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 4.09× | — | ||
| Q1 25 | 2.71× | — | ||
| Q4 24 | 1.43× | — | ||
| Q3 24 | 1.11× | — | ||
| Q2 24 | 0.80× | — | ||
| Q1 24 | 0.81× | — |
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 | $-25.7M | $59.7M |
| 自由现金流经营现金流 - 资本支出 | — | $56.0M |
| 自由现金流率自由现金流/营收 | — | 8.2% |
| 资本支出强度资本支出/营收 | — | 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 | — | $90.6M |
8季度趋势，按日历期对齐
经营现金流PIIIRXT
| Q4 25 | $-25.7M | $59.7M | ||
| Q3 25 | $-15.4M | $70.7M | ||
| Q2 25 | $-16.6M | $8.4M | ||
| Q1 25 | $-33.5M | $12.6M | ||
| Q4 24 | $-57.2M | $54.3M | ||
| Q3 24 | $-22.6M | $51.8M | ||
| Q2 24 | $-10.2M | $24.1M | ||
| Q1 24 | $-20.0M | $-90.3M |
自由现金流PIIIRXT
| Q4 25 | — | $56.0M | ||
| Q3 25 | — | $42.7M | ||
| Q2 25 | — | $-12.4M | ||
| Q1 25 | — | $4.3M | ||
| Q4 24 | — | $34.4M | ||
| Q3 24 | — | $27.3M | ||
| Q2 24 | — | $-14.5M | ||
| Q1 24 | — | $-118.4M |
自由现金流率PIIIRXT
| Q4 25 | — | 8.2% | ||
| Q3 25 | — | 6.4% | ||
| Q2 25 | — | -1.9% | ||
| Q1 25 | — | 0.6% | ||
| Q4 24 | — | 5.0% | ||
| Q3 24 | — | 4.0% | ||
| Q2 24 | — | -2.1% | ||
| Q1 24 | — | -17.1% |
资本支出强度PIIIRXT
| Q4 25 | — | 0.5% | ||
| Q3 25 | — | 4.2% | ||
| Q2 25 | — | 3.1% | ||
| Q1 25 | — | 1.2% | ||
| Q4 24 | 0.0% | 2.9% | ||
| Q3 24 | 0.0% | 3.6% | ||
| Q2 24 | 0.0% | 5.6% | ||
| Q1 24 | 0.0% | 4.1% |
现金转化率PIIIRXT
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| 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
PIII
| Capitated Revenue | $366.2M | 95% |
| Health Care Patient Service | $18.6M | 5% |
| Health Care Care Coordination Management Fees | $2.7M | 1% |
RXT
| Public Cloud Services Segment | $442.2M | 65% |
| Private Cloud Service Segment | $240.6M | 35% |
