vs
Rackspace Technology, Inc.（RXT）与SCANSOURCE, INC.（SCSC）财务数据对比。点击上方公司名可切换其他公司
SCANSOURCE, INC.的季度营收约是Rackspace Technology, Inc.的1.1倍（$766.5M vs $682.8M），SCANSOURCE, INC.净利率更高（2.2% vs -4.8%，领先6.9%），SCANSOURCE, INC.同比增速更快（2.5% vs -0.4%），Rackspace Technology, Inc.自由现金流更多（$56.0M vs $28.9M），过去两年SCANSOURCE, INC.的营收复合增速更高（0.9% vs -0.6%）
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。
ScanSource是全球领先的专业技术分销商，主营销售点系统、条码扫描设备、网络安全产品、云服务及通信解决方案，面向北美、拉美、欧洲的增值经销商、服务提供商及企业客户，覆盖零售、医疗、工业、公共部门等领域。
RXT vs SCSC — 直观对比
营收规模更大
SCSC
是对方的1.1倍
$682.8M
营收增速更快
SCSC
高出3.0%
-0.4%
净利率更高
SCSC
高出6.9%
-4.8%
自由现金流更多
RXT
多$27.1M
$28.9M
两年增速更快
SCSC
近两年复合增速
-0.6%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $682.8M | $766.5M |
| 净利润 | $-32.7M | $16.5M |
| 毛利率 | 17.6% | 13.4% |
| 营业利润率 | -0.5% | 2.3% |
| 净利率 | -4.8% | 2.2% |
| 营收同比 | -0.4% | 2.5% |
| 净利润同比 | 41.6% | -3.3% |
| 每股收益（稀释后） | $-0.13 | $0.75 |
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RXTSCSC
| Q4 25 | $682.8M | $766.5M | ||
| Q3 25 | $671.2M | $739.6M | ||
| Q2 25 | $666.3M | $812.9M | ||
| Q1 25 | $665.4M | $704.8M | ||
| Q4 24 | $685.6M | $747.5M | ||
| Q3 24 | $675.8M | $775.6M | ||
| Q2 24 | $684.9M | $746.1M | ||
| Q1 24 | $690.8M | $752.6M |
净利润RXTSCSC
| Q4 25 | $-32.7M | $16.5M | ||
| Q3 25 | $-67.1M | $19.9M | ||
| Q2 25 | $-54.5M | $20.1M | ||
| Q1 25 | $-71.5M | $17.4M | ||
| Q4 24 | $-56.0M | $17.1M | ||
| Q3 24 | $-186.6M | $17.0M | ||
| Q2 24 | $25.0M | $16.1M | ||
| Q1 24 | $-640.6M | $12.8M |
毛利率RXTSCSC
| Q4 25 | 17.6% | 13.4% | ||
| Q3 25 | 19.4% | 14.5% | ||
| Q2 25 | 19.4% | 12.9% | ||
| Q1 25 | 19.1% | 14.2% | ||
| Q4 24 | 19.2% | 13.6% | ||
| Q3 24 | 20.3% | 13.1% | ||
| Q2 24 | 19.2% | 13.0% | ||
| Q1 24 | 19.2% | 12.6% |
营业利润率RXTSCSC
| Q4 25 | -0.5% | 2.3% | ||
| Q3 25 | -5.1% | 3.5% | ||
| Q2 25 | -3.8% | 3.3% | ||
| Q1 25 | -5.8% | 3.2% | ||
| Q4 24 | -4.2% | 2.5% | ||
| Q3 24 | -25.7% | 2.3% | ||
| Q2 24 | -7.9% | 2.9% | ||
| Q1 24 | -94.5% | 2.3% |
净利率RXTSCSC
| Q4 25 | -4.8% | 2.2% | ||
| Q3 25 | -10.0% | 2.7% | ||
| Q2 25 | -8.2% | 2.5% | ||
| Q1 25 | -10.7% | 2.5% | ||
| Q4 24 | -8.2% | 2.3% | ||
| Q3 24 | -27.6% | 2.2% | ||
| Q2 24 | 3.7% | 2.2% | ||
| Q1 24 | -92.7% | 1.7% |
每股收益（稀释后）RXTSCSC
| Q4 25 | $-0.13 | $0.75 | ||
| Q3 25 | $-0.28 | $0.89 | ||
| Q2 25 | $-0.23 | $0.87 | ||
| Q1 25 | $-0.31 | $0.74 | ||
| Q4 24 | $-0.20 | $0.70 | ||
| Q3 24 | $-0.82 | $0.69 | ||
| Q2 24 | $0.11 | $0.66 | ||
| Q1 24 | $-2.91 | $0.50 |
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 | $105.8M | $83.5M |
| 总债务越低越好 | $2.7B | — |
| 股东权益账面价值 | $-1.2B | $910.9M |
| 总资产 | $2.8B | $1.7B |
| 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RXTSCSC
| Q4 25 | $105.8M | $83.5M | ||
| Q3 25 | $99.5M | $124.9M | ||
| Q2 25 | $103.9M | $126.2M | ||
| Q1 25 | $128.0M | $146.3M | ||
| Q4 24 | $144.0M | $110.5M | ||
| Q3 24 | $157.1M | $145.0M | ||
| Q2 24 | $190.2M | $185.5M | ||
| Q1 24 | $282.6M | $159.1M |
总债务RXTSCSC
| Q4 25 | $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RXTSCSC
| Q4 25 | $-1.2B | $910.9M | ||
| Q3 25 | $-1.2B | $914.0M | ||
| Q2 25 | $-1.1B | $906.4M | ||
| Q1 25 | $-1.1B | $901.7M | ||
| Q4 24 | $-1.0B | $900.7M | ||
| Q3 24 | $-949.7M | $920.9M | ||
| Q2 24 | $-756.2M | $924.3M | ||
| Q1 24 | $-787.2M | $944.1M |
总资产RXTSCSC
| Q4 25 | $2.8B | $1.7B | ||
| Q3 25 | $2.8B | $1.7B | ||
| Q2 25 | $2.9B | $1.8B | ||
| Q1 25 | $3.0B | $1.7B | ||
| Q4 24 | $3.1B | $1.7B | ||
| Q3 24 | $3.1B | $1.8B | ||
| Q2 24 | $3.4B | $1.8B | ||
| Q1 24 | $3.5B | $1.8B |
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 | $59.7M | $30.8M |
| 自由现金流经营现金流 - 资本支出 | $56.0M | $28.9M |
| 自由现金流率自由现金流/营收 | 8.2% | 3.8% |
| 资本支出强度资本支出/营收 | 0.5% | 0.3% |
| 现金转化率经营现金流/净利润 | — | 1.87× |
| 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RXTSCSC
| Q4 25 | $59.7M | $30.8M | ||
| Q3 25 | $70.7M | $23.2M | ||
| Q2 25 | $8.4M | — | ||
| Q1 25 | $12.6M | $66.1M | ||
| Q4 24 | $54.3M | $-6.2M | ||
| Q3 24 | $51.8M | $44.8M | ||
| Q2 24 | $24.1M | — | ||
| Q1 24 | $-90.3M | $160.2M |
自由现金流RXTSCSC
| Q4 25 | $56.0M | $28.9M | ||
| Q3 25 | $42.7M | $20.8M | ||
| Q2 25 | $-12.4M | — | ||
| Q1 25 | $4.3M | $64.6M | ||
| Q4 24 | $34.4M | $-8.2M | ||
| Q3 24 | $27.3M | $42.5M | ||
| Q2 24 | $-14.5M | — | ||
| Q1 24 | $-118.4M | $157.7M |
自由现金流率RXTSCSC
| Q4 25 | 8.2% | 3.8% | ||
| Q3 25 | 6.4% | 2.8% | ||
| Q2 25 | -1.9% | — | ||
| Q1 25 | 0.6% | 9.2% | ||
| Q4 24 | 5.0% | -1.1% | ||
| Q3 24 | 4.0% | 5.5% | ||
| Q2 24 | -2.1% | — | ||
| Q1 24 | -17.1% | 21.0% |
资本支出强度RXTSCSC
| Q4 25 | 0.5% | 0.3% | ||
| Q3 25 | 4.2% | 0.3% | ||
| Q2 25 | 3.1% | 0.3% | ||
| Q1 25 | 1.2% | 0.2% | ||
| Q4 24 | 2.9% | 0.3% | ||
| Q3 24 | 3.6% | 0.3% | ||
| Q2 24 | 5.6% | 0.2% | ||
| Q1 24 | 4.1% | 0.3% |
现金转化率RXTSCSC
| Q4 25 | — | 1.87× | ||
| Q3 25 | — | 1.17× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 3.79× | ||
| Q4 24 | — | -0.36× | ||
| Q3 24 | — | 2.64× | ||
| Q2 24 | 0.96× | — | ||
| Q1 24 | — | 12.51× |
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
RXT
| Public Cloud Services Segment | $442.2M | 65% |
| Private Cloud Service Segment | $240.6M | 35% |
SCSC
| Products And Services | $723.4M | 94% |
| Intelisys Advisory | $25.0M | 3% |
| Recurring Revenue | $18.2M | 2% |
