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美国鹰（AEO）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
美国鹰的季度营收约是利氏兄弟拍卖行的1.1倍（$1.4B vs $1.2B），利氏兄弟拍卖行净利率更高（9.1% vs 6.7%，领先2.4%），美国鹰同比增速更快（5.7% vs 5.4%），利氏兄弟拍卖行自由现金流更多（$186.5M vs $-2.5M），过去两年利氏兄弟拍卖行的营收复合增速更高（6.3% vs 2.3%）
American Eagle Outfitters是美国知名服饰及配饰零售商，总部位于宾夕法尼亚州匹兹堡市南区工业园。品牌1977年由杰里·西尔弗曼与马克·西尔弗曼兄弟创立，最初为零售风险投资公司的子公司，旗下还运营西尔弗曼男装。1980年创始人向肖滕斯坦家族出售一半股权，1991年售罄剩余股份，目前旗下拥有Aerie、Unsubscribed等多个品牌。
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。
AEO vs RBA — 直观对比
营收规模更大
AEO
是对方的1.1倍
$1.2B
营收增速更快
AEO
高出0.3%
5.4%
净利率更高
RBA
高出2.4%
6.7%
自由现金流更多
RBA
多$189.0M
$-2.5M
两年增速更快
RBA
近两年复合增速
2.3%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $1.2B |
| 净利润 | $91.3M | $109.7M |
| 毛利率 | 40.5% | — |
| 营业利润率 | 8.3% | 14.7% |
| 净利率 | 6.7% | 9.1% |
| 营收同比 | 5.7% | 5.4% |
| 净利润同比 | 14.2% | -7.4% |
| 每股收益（稀释后） | $0.53 | $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AEORBA
| Q4 25 | $1.4B | $1.2B | ||
| Q3 25 | $1.3B | $1.1B | ||
| Q2 25 | $1.1B | $1.2B | ||
| Q1 25 | — | $1.1B | ||
| Q4 24 | $1.3B | $1.1B | ||
| Q3 24 | $1.3B | $981.8M | ||
| Q2 24 | $1.1B | $1.1B | ||
| Q1 24 | $1.7B | $1.1B |
净利润AEORBA
| Q4 25 | $91.3M | $109.7M | ||
| Q3 25 | $77.6M | $95.5M | ||
| Q2 25 | $-64.9M | $109.8M | ||
| Q1 25 | — | $113.4M | ||
| Q4 24 | $80.0M | $118.5M | ||
| Q3 24 | $77.3M | $76.1M | ||
| Q2 24 | $67.8M | $111.1M | ||
| Q1 24 | $6.3M | $107.4M |
毛利率AEORBA
| Q4 25 | 40.5% | — | ||
| Q3 25 | 38.9% | — | ||
| Q2 25 | 29.6% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 40.9% | — | ||
| Q3 24 | 38.6% | — | ||
| Q2 24 | 40.6% | — | ||
| Q1 24 | 36.6% | — |
营业利润率AEORBA
| Q4 25 | 8.3% | 14.7% | ||
| Q3 25 | 8.0% | 14.5% | ||
| Q2 25 | -7.8% | 15.9% | ||
| Q1 25 | — | 17.1% | ||
| Q4 24 | 8.2% | 18.1% | ||
| Q3 24 | 7.8% | 15.6% | ||
| Q2 24 | 6.8% | 18.4% | ||
| Q1 24 | 0.6% | 18.7% |
净利率AEORBA
| Q4 25 | 6.7% | 9.1% | ||
| Q3 25 | 6.0% | 8.7% | ||
| Q2 25 | -6.0% | 9.3% | ||
| Q1 25 | — | 10.2% | ||
| Q4 24 | 6.2% | 10.4% | ||
| Q3 24 | 6.0% | 7.8% | ||
| Q2 24 | 5.9% | 10.1% | ||
| Q1 24 | 0.4% | 10.1% |
每股收益（稀释后）AEORBA
| Q4 25 | $0.53 | $0.53 | ||
| Q3 25 | $0.45 | $0.43 | ||
| Q2 25 | $-0.36 | $0.53 | ||
| Q1 25 | — | $0.55 | ||
| Q4 24 | $0.41 | $0.58 | ||
| Q3 24 | $0.39 | $0.36 | ||
| Q2 24 | $0.34 | $0.54 | ||
| Q1 24 | $0.03 | $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 | $112.8M | $531.5M |
| 总债务越低越好 | — | $2.3B |
| 股东权益账面价值 | $1.6B | $5.6B |
| 总资产 | $4.2B | $12.1B |
| 负债/权益比越低杠杆越低 | — | 0.42× |
8季度趋势，按日历期对齐
现金及短期投资AEORBA
| Q4 25 | $112.8M | $531.5M | ||
| Q3 25 | $126.8M | $674.7M | ||
| Q2 25 | $87.9M | $710.2M | ||
| Q1 25 | — | $578.1M | ||
| Q4 24 | $160.2M | $533.9M | ||
| Q3 24 | $191.8M | $650.7M | ||
| Q2 24 | $300.5M | $599.5M | ||
| Q1 24 | $454.1M | $462.8M |
总债务AEORBA
| Q4 25 | — | $2.3B | ||
| Q3 25 | — | $2.6B | ||
| Q2 25 | — | $2.6B | ||
| Q1 25 | — | $2.6B | ||
| Q4 24 | $0 | $2.6B | ||
| Q3 24 | $0 | $2.7B | ||
| Q2 24 | $0 | $2.8B | ||
| Q1 24 | $0 | $2.9B |
股东权益AEORBA
| Q4 25 | $1.6B | $5.6B | ||
| Q3 25 | $1.5B | $5.5B | ||
| Q2 25 | $1.5B | $5.5B | ||
| Q1 25 | — | $5.3B | ||
| Q4 24 | $1.7B | $5.2B | ||
| Q3 24 | $1.7B | $5.2B | ||
| Q2 24 | $1.8B | $5.2B | ||
| Q1 24 | $1.7B | $5.1B |
总资产AEORBA
| Q4 25 | $4.2B | $12.1B | ||
| Q3 25 | $4.1B | $12.2B | ||
| Q2 25 | $3.8B | $12.2B | ||
| Q1 25 | — | $11.9B | ||
| Q4 24 | $3.7B | $11.8B | ||
| Q3 24 | $3.5B | $11.9B | ||
| Q2 24 | $3.6B | $12.1B | ||
| Q1 24 | $3.6B | $12.0B |
负债/权益比AEORBA
| Q4 25 | — | 0.42× | ||
| Q3 25 | — | 0.47× | ||
| Q2 25 | — | 0.47× | ||
| Q1 25 | — | 0.50× | ||
| Q4 24 | 0.00× | 0.50× | ||
| Q3 24 | 0.00× | 0.52× | ||
| Q2 24 | 0.00× | 0.55× | ||
| Q1 24 | 0.00× | 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 | $67.1M | $255.2M |
| 自由现金流经营现金流 - 资本支出 | $-2.5M | $186.5M |
| 自由现金流率自由现金流/营收 | -0.2% | 15.5% |
| 资本支出强度资本支出/营收 | 5.1% | 5.7% |
| 现金转化率经营现金流/净利润 | 0.74× | 2.33× |
| 过去12个月自由现金流最近4个季度 | $-169.8M | $719.2M |
8季度趋势，按日历期对齐
经营现金流AEORBA
| Q4 25 | $67.1M | $255.2M | ||
| Q3 25 | $27.8M | $239.7M | ||
| Q2 25 | $-54.7M | $326.5M | ||
| Q1 25 | — | $156.8M | ||
| Q4 24 | $52.9M | $184.5M | ||
| Q3 24 | $78.3M | $285.4M | ||
| Q2 24 | $-38.1M | $337.3M | ||
| Q1 24 | $296.4M | $124.8M |
自由现金流AEORBA
| Q4 25 | $-2.5M | $186.5M | ||
| Q3 25 | $-43.1M | $188.5M | ||
| Q2 25 | $-116.3M | $241.7M | ||
| Q1 25 | — | $102.5M | ||
| Q4 24 | $-7.8M | $127.9M | ||
| Q3 24 | $17.5M | $248.5M | ||
| Q2 24 | $-74.3M | $308.6M | ||
| Q1 24 | $256.8M | $79.6M |
自由现金流率AEORBA
| Q4 25 | -0.2% | 15.5% | ||
| Q3 25 | -3.4% | 17.3% | ||
| Q2 25 | -10.7% | 20.4% | ||
| Q1 25 | — | 9.2% | ||
| Q4 24 | -0.6% | 11.2% | ||
| Q3 24 | 1.4% | 25.3% | ||
| Q2 24 | -6.5% | 28.2% | ||
| Q1 24 | 15.3% | 7.5% |
资本支出强度AEORBA
| Q4 25 | 5.1% | 5.7% | ||
| Q3 25 | 5.5% | 4.7% | ||
| Q2 25 | 5.7% | 7.2% | ||
| Q1 25 | — | 4.9% | ||
| Q4 24 | 4.7% | 5.0% | ||
| Q3 24 | 4.7% | 3.8% | ||
| Q2 24 | 3.2% | 2.6% | ||
| Q1 24 | 2.4% | 4.2% |
现金转化率AEORBA
| Q4 25 | 0.74× | 2.33× | ||
| Q3 25 | 0.36× | 2.51× | ||
| Q2 25 | — | 2.97× | ||
| Q1 25 | — | 1.38× | ||
| Q4 24 | 0.66× | 1.56× | ||
| Q3 24 | 1.01× | 3.75× | ||
| Q2 24 | -0.56× | 3.04× | ||
| Q1 24 | 46.93× | 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
AEO
| American Eagle Brand | $800.4M | 59% |
| Aerie Brand | $429.1M | 31% |
| Other | $133.2M | 10% |
RBA
| Buyer Revenue | $577.2M | 48% |
| Seller Revenue | $255.2M | 21% |
| CA | $199.0M | 17% |
| Other | $124.7M | 10% |
| AU | $47.3M | 4% |
