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PubMatic, Inc.（PUBM）与RESOURCES CONNECTION, INC.（RGP）财务数据对比。点击上方公司名可切换其他公司
RESOURCES CONNECTION, INC.的季度营收约是PubMatic, Inc.的1.5倍（$117.7M vs $80.0M），PubMatic, Inc.同比增速更快（-6.4% vs -19.2%），RESOURCES CONNECTION, INC.自由现金流更多（$15.6M vs $11.3M），过去两年PubMatic, Inc.的营收复合增速更高（9.5% vs -11.8%）
PubMatic是一家面向数字出版与广告行业的科技企业，核心开发供应端实时程序化广告交易系统，依托自动化技术连接网站、视频、移动端应用的出版商与广告买家，同时支持用户选择不共享个人信息，目前在全球多国设有办公网点。
RGP原名 Resources Global Professionals，是 Resources Connection, Inc. 的核心运营主体，面向全球客户提供多领域专业咨询服务，覆盖财务会计、信息管理、治理风险合规、人力资本、法务监管、企业咨询与重组、战略传播以及供应链管理等板块。
PUBM vs RGP — 直观对比
营收规模更大
RGP
是对方的1.5倍
$80.0M
营收增速更快
PUBM
高出12.8%
-19.2%
自由现金流更多
RGP
多$4.3M
$11.3M
两年增速更快
PUBM
近两年复合增速
-11.8%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $80.0M | $117.7M |
| 净利润 | — | $-12.7M |
| 毛利率 | 68.2% | 37.1% |
| 营业利润率 | 10.6% | -10.3% |
| 净利率 | — | -10.8% |
| 营收同比 | -6.4% | -19.2% |
| 净利润同比 | — | 81.6% |
| 每股收益（稀释后） | $0.14 | $-0.38 |
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PUBMRGP
| Q4 25 | $80.0M | $117.7M | ||
| Q3 25 | $68.0M | $120.2M | ||
| Q2 25 | $71.1M | $139.3M | ||
| Q1 25 | $63.8M | $129.4M | ||
| Q4 24 | $85.5M | $145.6M | ||
| Q3 24 | $71.8M | $136.9M | ||
| Q2 24 | $67.3M | $148.2M | ||
| Q1 24 | $66.7M | $151.3M |
净利润PUBMRGP
| Q4 25 | — | $-12.7M | ||
| Q3 25 | $-6.5M | $-2.4M | ||
| Q2 25 | $-5.2M | $-73.3M | ||
| Q1 25 | $-9.5M | $-44.1M | ||
| Q4 24 | — | $-68.7M | ||
| Q3 24 | $-912.0K | $-5.7M | ||
| Q2 24 | $2.0M | $10.5M | ||
| Q1 24 | $-2.5M | $2.5M |
毛利率PUBMRGP
| Q4 25 | 68.2% | 37.1% | ||
| Q3 25 | 62.6% | 39.5% | ||
| Q2 25 | 62.6% | 40.2% | ||
| Q1 25 | 59.9% | 35.1% | ||
| Q4 24 | 70.8% | 38.5% | ||
| Q3 24 | 64.5% | 36.5% | ||
| Q2 24 | 62.6% | 40.2% | ||
| Q1 24 | 61.9% | 37.0% |
营业利润率PUBMRGP
| Q4 25 | 10.6% | -10.3% | ||
| Q3 25 | -12.4% | -1.7% | ||
| Q2 25 | -7.7% | -47.0% | ||
| Q1 25 | -18.6% | -38.4% | ||
| Q4 24 | 17.3% | -52.7% | ||
| Q3 24 | -1.9% | -3.5% | ||
| Q2 24 | -5.9% | 7.6% | ||
| Q1 24 | -8.3% | 2.8% |
净利率PUBMRGP
| Q4 25 | — | -10.8% | ||
| Q3 25 | -9.5% | -2.0% | ||
| Q2 25 | -7.3% | -52.6% | ||
| Q1 25 | -14.9% | -34.0% | ||
| Q4 24 | — | -47.2% | ||
| Q3 24 | -1.3% | -4.2% | ||
| Q2 24 | 2.9% | 7.1% | ||
| Q1 24 | -3.7% | 1.7% |
每股收益（稀释后）PUBMRGP
| Q4 25 | $0.14 | $-0.38 | ||
| Q3 25 | $-0.14 | $-0.07 | ||
| Q2 25 | $-0.11 | $-2.21 | ||
| Q1 25 | $-0.20 | $-1.34 | ||
| Q4 24 | $0.26 | $-2.08 | ||
| Q3 24 | $-0.02 | $-0.17 | ||
| Q2 24 | $0.04 | $0.31 | ||
| Q1 24 | $-0.05 | $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 | $145.5M | $89.8M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $262.6M | $194.6M |
| 总资产 | $680.2M | $289.3M |
| 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PUBMRGP
| Q4 25 | $145.5M | $89.8M | ||
| Q3 25 | $136.5M | $77.5M | ||
| Q2 25 | $90.5M | $86.1M | ||
| Q1 25 | $101.8M | $72.5M | ||
| Q4 24 | $100.5M | $78.2M | ||
| Q3 24 | $78.9M | $89.6M | ||
| Q2 24 | $73.5M | $108.9M | ||
| Q1 24 | $80.2M | $113.8M |
股东权益PUBMRGP
| Q4 25 | $262.6M | $194.6M | ||
| Q3 25 | $245.1M | $206.4M | ||
| Q2 25 | $243.3M | $207.1M | ||
| Q1 25 | $275.6M | $277.8M | ||
| Q4 24 | $277.3M | $325.7M | ||
| Q3 24 | $263.2M | $407.2M | ||
| Q2 24 | $282.7M | $418.8M | ||
| Q1 24 | $288.7M | $414.9M |
总资产PUBMRGP
| Q4 25 | $680.2M | $289.3M | ||
| Q3 25 | $676.2M | $287.2M | ||
| Q2 25 | $675.2M | $304.7M | ||
| Q1 25 | $668.6M | $375.6M | ||
| Q4 24 | $739.5M | $424.9M | ||
| Q3 24 | $689.1M | $512.9M | ||
| Q2 24 | $673.1M | $510.9M | ||
| Q1 24 | $626.2M | $523.2M |
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 | $18.2M | $15.9M |
| 自由现金流经营现金流 - 资本支出 | $11.3M | $15.6M |
| 自由现金流率自由现金流/营收 | 14.1% | 13.2% |
| 资本支出强度资本支出/营收 | 8.6% | 0.3% |
| 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 | $66.7M | $24.3M |
8季度趋势，按日历期对齐
经营现金流PUBMRGP
| Q4 25 | $18.2M | $15.9M | ||
| Q3 25 | $32.4M | $-7.8M | ||
| Q2 25 | $14.9M | $16.8M | ||
| Q1 25 | $15.6M | $659.0K | ||
| Q4 24 | $18.0M | $1.8M | ||
| Q3 24 | $19.1M | $-309.0K | ||
| Q2 24 | $11.9M | $3.2M | ||
| Q1 24 | $24.3M | $20.5M |
自由现金流PUBMRGP
| Q4 25 | $11.3M | $15.6M | ||
| Q3 25 | $27.7M | $-8.0M | ||
| Q2 25 | $13.6M | $16.5M | ||
| Q1 25 | $14.2M | $238.0K | ||
| Q4 24 | $13.7M | $61.0K | ||
| Q3 24 | $7.4M | $-575.0K | ||
| Q2 24 | $11.2M | $3.0M | ||
| Q1 24 | $23.5M | $20.4M |
自由现金流率PUBMRGP
| Q4 25 | 14.1% | 13.2% | ||
| Q3 25 | 40.8% | -6.6% | ||
| Q2 25 | 19.1% | 11.8% | ||
| Q1 25 | 22.2% | 0.2% | ||
| Q4 24 | 16.1% | 0.0% | ||
| Q3 24 | 10.3% | -0.4% | ||
| Q2 24 | 16.7% | 2.1% | ||
| Q1 24 | 35.2% | 13.5% |
资本支出强度PUBMRGP
| Q4 25 | 8.6% | 0.3% | ||
| Q3 25 | 6.9% | 0.1% | ||
| Q2 25 | 1.9% | 0.2% | ||
| Q1 25 | 2.3% | 0.3% | ||
| Q4 24 | 5.1% | 1.2% | ||
| Q3 24 | 16.3% | 0.2% | ||
| Q2 24 | 1.1% | 0.1% | ||
| Q1 24 | 1.2% | 0.1% |
现金转化率PUBMRGP
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 6.06× | 0.30× | ||
| Q1 24 | — | 8.04× |
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
PUBM
暂无分部数据
RGP
| US | $93.7M | 80% |
| Non Us | $24.0M | 20% |
