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棒约翰（PZZA）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.的季度营收约是棒约翰的1.4倍（$682.8M vs $498.2M），棒约翰净利率更高（1.4% vs -4.8%，领先6.2%），Rackspace Technology, Inc.同比增速更快（-0.4% vs -6.1%），Rackspace Technology, Inc.自由现金流更多（$56.0M vs $2.1M），过去两年Rackspace Technology, Inc.的营收复合增速更高（-0.6% vs -1.5%）
棒约翰国际是源自美国的知名披萨餐饮连锁品牌，截至2023年，它是美国市场规模第四大披萨外送连锁餐饮集团，总部设于肯塔基州路易斯维尔与佐治亚州亚特兰大的都会区，在全球多地开设门店，主打披萨外卖业务。
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。
PZZA vs RXT — 直观对比
营收规模更大
RXT
是对方的1.4倍
$498.2M
营收增速更快
RXT
高出5.7%
-6.1%
净利率更高
PZZA
高出6.2%
-4.8%
自由现金流更多
RXT
多$53.9M
$2.1M
两年增速更快
RXT
近两年复合增速
-1.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $498.2M | $682.8M |
| 净利润 | $7.1M | $-32.7M |
| 毛利率 | — | 17.6% |
| 营业利润率 | 4.9% | -0.5% |
| 净利率 | 1.4% | -4.8% |
| 营收同比 | -6.1% | -0.4% |
| 净利润同比 | -52.2% | 41.6% |
| 每股收益（稀释后） | $0.22 | $-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PZZARXT
| Q4 25 | $498.2M | $682.8M | ||
| Q3 25 | $508.2M | $671.2M | ||
| Q2 25 | $529.2M | $666.3M | ||
| Q1 25 | $518.3M | $665.4M | ||
| Q4 24 | $530.8M | $685.6M | ||
| Q3 24 | $506.8M | $675.8M | ||
| Q2 24 | $507.9M | $684.9M | ||
| Q1 24 | $513.9M | $690.8M |
净利润PZZARXT
| Q4 25 | $7.1M | $-32.7M | ||
| Q3 25 | $4.7M | $-67.1M | ||
| Q2 25 | $9.5M | $-54.5M | ||
| Q1 25 | $9.2M | $-71.5M | ||
| Q4 24 | $14.8M | $-56.0M | ||
| Q3 24 | $41.8M | $-186.6M | ||
| Q2 24 | $12.2M | $25.0M | ||
| Q1 24 | $14.6M | $-640.6M |
毛利率PZZARXT
| 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PZZARXT
| Q4 25 | 4.9% | -0.5% | ||
| Q3 25 | 3.2% | -5.1% | ||
| Q2 25 | 4.6% | -3.8% | ||
| Q1 25 | 4.6% | -5.8% | ||
| Q4 24 | 5.6% | -4.2% | ||
| Q3 24 | 12.9% | -25.7% | ||
| Q2 24 | 5.6% | -7.9% | ||
| Q1 24 | 6.6% | -94.5% |
净利率PZZARXT
| Q4 25 | 1.4% | -4.8% | ||
| Q3 25 | 0.9% | -10.0% | ||
| Q2 25 | 1.8% | -8.2% | ||
| Q1 25 | 1.8% | -10.7% | ||
| Q4 24 | 2.8% | -8.2% | ||
| Q3 24 | 8.2% | -27.6% | ||
| Q2 24 | 2.4% | 3.7% | ||
| Q1 24 | 2.8% | -92.7% |
每股收益（稀释后）PZZARXT
| Q4 25 | $0.22 | $-0.13 | ||
| Q3 25 | $0.13 | $-0.28 | ||
| Q2 25 | $0.28 | $-0.23 | ||
| Q1 25 | $0.27 | $-0.31 | ||
| Q4 24 | $0.46 | $-0.20 | ||
| Q3 24 | $1.27 | $-0.82 | ||
| Q2 24 | $0.37 | $0.11 | ||
| Q1 24 | $0.44 | $-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 | $34.6M | $105.8M |
| 总债务越低越好 | $722.3M | $2.7B |
| 股东权益账面价值 | $-444.8M | $-1.2B |
| 总资产 | $837.5M | $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PZZARXT
| Q4 25 | $34.6M | $105.8M | ||
| Q3 25 | $39.0M | $99.5M | ||
| Q2 25 | $33.3M | $103.9M | ||
| Q1 25 | $44.0M | $128.0M | ||
| Q4 24 | $38.0M | $144.0M | ||
| Q3 24 | $17.6M | $157.1M | ||
| Q2 24 | $24.3M | $190.2M | ||
| Q1 24 | $27.8M | $282.6M |
总债务PZZARXT
| Q4 25 | $722.3M | $2.7B | ||
| Q3 25 | — | $2.8B | ||
| Q2 25 | — | $2.8B | ||
| Q1 25 | — | $2.8B | ||
| Q4 24 | — | $2.8B | ||
| Q3 24 | — | $2.8B | ||
| Q2 24 | — | $2.9B | ||
| Q1 24 | — | $3.0B |
股东权益PZZARXT
| Q4 25 | $-444.8M | $-1.2B | ||
| Q3 25 | $-439.3M | $-1.2B | ||
| Q2 25 | $-432.0M | $-1.1B | ||
| Q1 25 | $-431.9M | $-1.1B | ||
| Q4 24 | $-429.5M | $-1.0B | ||
| Q3 24 | $-430.9M | $-949.7M | ||
| Q2 24 | $-461.7M | $-756.2M | ||
| Q1 24 | $-461.9M | $-787.2M |
总资产PZZARXT
| Q4 25 | $837.5M | $2.8B | ||
| Q3 25 | $884.1M | $2.8B | ||
| Q2 25 | $890.4M | $2.9B | ||
| Q1 25 | $898.1M | $3.0B | ||
| Q4 24 | $889.0M | $3.1B | ||
| Q3 24 | $860.9M | $3.1B | ||
| Q2 24 | $838.4M | $3.4B | ||
| Q1 24 | $847.2M | $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 | $19.8M | $59.7M |
| 自由现金流经营现金流 - 资本支出 | $2.1M | $56.0M |
| 自由现金流率自由现金流/营收 | 0.4% | 8.2% |
| 资本支出强度资本支出/营收 | 3.6% | 0.5% |
| 现金转化率经营现金流/净利润 | 2.80× | — |
| 过去12个月自由现金流最近4个季度 | $61.3M | $90.6M |
8季度趋势，按日历期对齐
经营现金流PZZARXT
| Q4 25 | $19.8M | $59.7M | ||
| Q3 25 | $39.3M | $70.7M | ||
| Q2 25 | $35.5M | $8.4M | ||
| Q1 25 | $31.3M | $12.6M | ||
| Q4 24 | $50.7M | $54.3M | ||
| Q3 24 | $13.9M | $51.8M | ||
| Q2 24 | $30.0M | $24.1M | ||
| Q1 24 | $12.0M | $-90.3M |
自由现金流PZZARXT
| Q4 25 | $2.1M | $56.0M | ||
| Q3 25 | $22.7M | $42.7M | ||
| Q2 25 | $17.4M | $-12.4M | ||
| Q1 25 | $19.1M | $4.3M | ||
| Q4 24 | $25.2M | $34.4M | ||
| Q3 24 | $-3.8M | $27.3M | ||
| Q2 24 | $13.9M | $-14.5M | ||
| Q1 24 | $-1.1M | $-118.4M |
自由现金流率PZZARXT
| Q4 25 | 0.4% | 8.2% | ||
| Q3 25 | 4.5% | 6.4% | ||
| Q2 25 | 3.3% | -1.9% | ||
| Q1 25 | 3.7% | 0.6% | ||
| Q4 24 | 4.7% | 5.0% | ||
| Q3 24 | -0.8% | 4.0% | ||
| Q2 24 | 2.7% | -2.1% | ||
| Q1 24 | -0.2% | -17.1% |
资本支出强度PZZARXT
| Q4 25 | 3.6% | 0.5% | ||
| Q3 25 | 3.3% | 4.2% | ||
| Q2 25 | 3.4% | 3.1% | ||
| Q1 25 | 2.4% | 1.2% | ||
| Q4 24 | 4.8% | 2.9% | ||
| Q3 24 | 3.5% | 3.6% | ||
| Q2 24 | 3.2% | 5.6% | ||
| Q1 24 | 2.5% | 4.1% |
现金转化率PZZARXT
| Q4 25 | 2.80× | — | ||
| Q3 25 | 8.36× | — | ||
| Q2 25 | 3.73× | — | ||
| Q1 25 | 3.40× | — | ||
| Q4 24 | 3.43× | — | ||
| Q3 24 | 0.33× | — | ||
| Q2 24 | 2.45× | 0.96× | ||
| Q1 24 | 0.82× | — |
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
PZZA
| Commissary | $236.8M | 48% |
| Company Owned Restaurant Sales | $154.4M | 31% |
| Franchisor | $47.5M | 10% |
| Advertising | $37.2M | 7% |
| Other | $22.2M | 4% |
RXT
| Public Cloud Services Segment | $442.2M | 65% |
| Private Cloud Service Segment | $240.6M | 35% |
