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Advantage Solutions Inc.（ADV）与利氏兄弟拍卖行（RBA）财务数据对比。点击上方公司名可切换其他公司
利氏兄弟拍卖行的季度营收约是Advantage Solutions Inc.的1.3倍（$1.2B vs $932.1M），利氏兄弟拍卖行净利率更高（9.1% vs -17.4%，领先26.5%），利氏兄弟拍卖行同比增速更快（5.4% vs 4.5%），利氏兄弟拍卖行自由现金流更多（$186.5M vs $23.4M），过去两年利氏兄弟拍卖行的营收复合增速更高（6.3% vs 4.0%）
该公司是一家全球数据与分析企业，为众多行业提供数据技术服务、分析工具、预测洞察与欺诈防范方案，总部位于佐治亚州阿尔法利塔，在美国全境以及澳大利亚、巴西、中国、法国、中国香港、印度、爱尔兰、以色列、菲律宾、英国均设有办公地点。
利氏兄弟拍卖行（股票代码RBA）是全球知名的工业资产拍卖服务商，注册地位于加拿大，属公开上市企业，总部设在美国伊利诺伊州韦斯特切斯特，普通股同时在多伦多证券交易所与纽约证券交易所挂牌交易。
ADV vs RBA — 直观对比
营收规模更大
RBA
是对方的1.3倍
$932.1M
营收增速更快
RBA
高出0.9%
4.5%
净利率更高
RBA
高出26.5%
-17.4%
自由现金流更多
RBA
多$163.1M
$23.4M
两年增速更快
RBA
近两年复合增速
4.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $932.1M | $1.2B |
| 净利润 | $-161.7M | $109.7M |
| 毛利率 | — | — |
| 营业利润率 | -17.4% | 14.7% |
| 净利率 | -17.4% | 9.1% |
| 营收同比 | 4.5% | 5.4% |
| 净利润同比 | 9.2% | -7.4% |
| 每股收益（稀释后） | — | $0.53 |
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ADVRBA
| Q4 25 | $932.1M | $1.2B | ||
| Q3 25 | $915.0M | $1.1B | ||
| Q2 25 | $873.7M | $1.2B | ||
| Q1 25 | $821.8M | $1.1B | ||
| Q4 24 | $892.3M | $1.1B | ||
| Q3 24 | $939.3M | $981.8M | ||
| Q2 24 | $873.4M | $1.1B | ||
| Q1 24 | $861.4M | $1.1B |
净利润ADVRBA
| Q4 25 | $-161.7M | $109.7M | ||
| Q3 25 | $20.6M | $95.5M | ||
| Q2 25 | $-30.4M | $109.8M | ||
| Q1 25 | $-56.1M | $113.4M | ||
| Q4 24 | $-178.0M | $118.5M | ||
| Q3 24 | $-42.8M | $76.1M | ||
| Q2 24 | $-100.8M | $111.1M | ||
| Q1 24 | $-5.3M | $107.4M |
营业利润率ADVRBA
| Q4 25 | -17.4% | 14.7% | ||
| Q3 25 | 4.4% | 14.5% | ||
| Q2 25 | 1.1% | 15.9% | ||
| Q1 25 | -1.8% | 17.1% | ||
| Q4 24 | -19.1% | 18.1% | ||
| Q3 24 | -0.3% | 15.6% | ||
| Q2 24 | -10.4% | 18.4% | ||
| Q1 24 | -3.5% | 18.7% |
净利率ADVRBA
| Q4 25 | -17.4% | 9.1% | ||
| Q3 25 | 2.2% | 8.7% | ||
| Q2 25 | -3.5% | 9.3% | ||
| Q1 25 | -6.8% | 10.2% | ||
| Q4 24 | -20.0% | 10.4% | ||
| Q3 24 | -4.6% | 7.8% | ||
| Q2 24 | -11.5% | 10.1% | ||
| Q1 24 | -0.6% | 10.1% |
每股收益（稀释后）ADVRBA
| Q4 25 | — | $0.53 | ||
| Q3 25 | — | $0.43 | ||
| Q2 25 | — | $0.53 | ||
| Q1 25 | — | $0.55 | ||
| Q4 24 | — | $0.58 | ||
| Q3 24 | $-0.13 | $0.36 | ||
| Q2 24 | $-0.31 | $0.54 | ||
| Q1 24 | $-0.02 | $0.53 |
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 | $240.8M | $531.5M |
| 总债务越低越好 | $1.7B | $2.3B |
| 股东权益账面价值 | $554.0M | $5.6B |
| 总资产 | $2.8B | $12.1B |
| 负债/权益比越低杠杆越低 | 3.05× | 0.42× |
8季度趋势，按日历期对齐
现金及短期投资ADVRBA
| Q4 25 | $240.8M | $531.5M | ||
| Q3 25 | $201.1M | $674.7M | ||
| Q2 25 | $102.9M | $710.2M | ||
| Q1 25 | $121.1M | $578.1M | ||
| Q4 24 | $205.2M | $533.9M | ||
| Q3 24 | $196.1M | $650.7M | ||
| Q2 24 | $154.0M | $599.5M | ||
| Q1 24 | $112.3M | $462.8M |
总债务ADVRBA
| Q4 25 | $1.7B | $2.3B | ||
| Q3 25 | — | $2.6B | ||
| Q2 25 | — | $2.6B | ||
| Q1 25 | — | $2.6B | ||
| Q4 24 | $1.7B | $2.6B | ||
| Q3 24 | — | $2.7B | ||
| Q2 24 | — | $2.8B | ||
| Q1 24 | — | $2.9B |
股东权益ADVRBA
| Q4 25 | $554.0M | $5.6B | ||
| Q3 25 | $708.5M | $5.5B | ||
| Q2 25 | $683.6M | $5.5B | ||
| Q1 25 | $695.6M | $5.3B | ||
| Q4 24 | $748.7M | $5.2B | ||
| Q3 24 | $932.5M | $5.2B | ||
| Q2 24 | $973.7M | $5.2B | ||
| Q1 24 | $1.1B | $5.1B |
总资产ADVRBA
| Q4 25 | $2.8B | $12.1B | ||
| Q3 25 | $3.0B | $12.2B | ||
| Q2 25 | $3.0B | $12.2B | ||
| Q1 25 | $3.0B | $11.9B | ||
| Q4 24 | $3.1B | $11.8B | ||
| Q3 24 | $3.4B | $11.9B | ||
| Q2 24 | $3.5B | $12.1B | ||
| Q1 24 | $3.6B | $12.0B |
负债/权益比ADVRBA
| Q4 25 | 3.05× | 0.42× | ||
| Q3 25 | — | 0.47× | ||
| Q2 25 | — | 0.47× | ||
| Q1 25 | — | 0.50× | ||
| Q4 24 | 2.30× | 0.50× | ||
| Q3 24 | — | 0.52× | ||
| Q2 24 | — | 0.55× | ||
| Q1 24 | — | 0.58× |
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 | $45.6M | $255.2M |
| 自由现金流经营现金流 - 资本支出 | $23.4M | $186.5M |
| 自由现金流率自由现金流/营收 | 2.5% | 15.5% |
| 资本支出强度资本支出/营收 | 2.4% | 5.7% |
| 现金转化率经营现金流/净利润 | — | 2.33× |
| 过去12个月自由现金流最近4个季度 | $10.7M | $719.2M |
8季度趋势，按日历期对齐
经营现金流ADVRBA
| Q4 25 | $45.6M | $255.2M | ||
| Q3 25 | $63.6M | $239.7M | ||
| Q2 25 | $-8.1M | $326.5M | ||
| Q1 25 | $-39.6M | $156.8M | ||
| Q4 24 | $15.1M | $184.5M | ||
| Q3 24 | $34.0M | $285.4M | ||
| Q2 24 | $53.4M | $337.3M | ||
| Q1 24 | $-9.4M | $124.8M |
自由现金流ADVRBA
| Q4 25 | $23.4M | $186.5M | ||
| Q3 25 | $52.2M | $188.5M | ||
| Q2 25 | $-10.2M | $241.7M | ||
| Q1 25 | $-54.7M | $102.5M | ||
| Q4 24 | $-27.4M | $127.9M | ||
| Q3 24 | $8.6M | $248.5M | ||
| Q2 24 | $43.8M | $308.6M | ||
| Q1 24 | $-24.8M | $79.6M |
自由现金流率ADVRBA
| Q4 25 | 2.5% | 15.5% | ||
| Q3 25 | 5.7% | 17.3% | ||
| Q2 25 | -1.2% | 20.4% | ||
| Q1 25 | -6.7% | 9.2% | ||
| Q4 24 | -3.1% | 11.2% | ||
| Q3 24 | 0.9% | 25.3% | ||
| Q2 24 | 5.0% | 28.2% | ||
| Q1 24 | -2.9% | 7.5% |
资本支出强度ADVRBA
| Q4 25 | 2.4% | 5.7% | ||
| Q3 25 | 1.3% | 4.7% | ||
| Q2 25 | 0.2% | 7.2% | ||
| Q1 25 | 1.8% | 4.9% | ||
| Q4 24 | 4.8% | 5.0% | ||
| Q3 24 | 2.7% | 3.8% | ||
| Q2 24 | 1.1% | 2.6% | ||
| Q1 24 | 1.8% | 4.2% |
现金转化率ADVRBA
| Q4 25 | — | 2.33× | ||
| Q3 25 | 3.09× | 2.51× | ||
| Q2 25 | — | 2.97× | ||
| Q1 25 | — | 1.38× | ||
| Q4 24 | — | 1.56× | ||
| Q3 24 | — | 3.75× | ||
| Q2 24 | — | 3.04× | ||
| Q1 24 | — | 1.16× |
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
ADV
| Experiential Services | $395.9M | 42% |
| Branded Services | $289.8M | 31% |
| Retailer Services | $246.5M | 26% |
RBA
| Buyer Revenue | $577.2M | 48% |
| Seller Revenue | $255.2M | 21% |
| CA | $199.0M | 17% |
| Other | $124.7M | 10% |
| AU | $47.3M | 4% |
