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西联汇款（AFG）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
西联汇款的季度营收约是利氏兄弟拍卖行的1.7倍（$2.1B vs $1.2B），西联汇款净利率更高（14.5% vs 9.1%，领先5.4%），利氏兄弟拍卖行同比增速更快（5.4% vs -4.0%），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%）
西联汇款是总部位于美国科罗拉多州丹佛市的跨国金融服务企业，为全球个人及商业客户提供跨境汇款、支付等多元金融解决方案，在全球绝大多数国家和地区拥有覆盖广泛的服务网络。
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。
AFG vs RBA — 直观对比
营收规模更大
AFG
是对方的1.7倍
$1.2B
营收增速更快
RBA
高出9.4%
-4.0%
净利率更高
AFG
高出5.4%
9.1%
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 | $2.1B | $1.2B |
| 净利润 | $299.0M | $109.7M |
| 毛利率 | — | — |
| 营业利润率 | 18.4% | 14.7% |
| 净利率 | 14.5% | 9.1% |
| 营收同比 | -4.0% | 5.4% |
| 净利润同比 | 17.3% | -7.4% |
| 每股收益（稀释后） | $3.59 | $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AFGRBA
| Q4 25 | $2.1B | $1.2B | ||
| Q3 25 | $2.3B | $1.1B | ||
| Q2 25 | $1.9B | $1.2B | ||
| Q1 25 | $1.9B | $1.1B | ||
| Q4 24 | $2.1B | $1.1B | ||
| Q3 24 | $2.4B | $981.8M | ||
| Q2 24 | $1.9B | $1.1B | ||
| Q1 24 | $1.9B | $1.1B |
净利润AFGRBA
| Q4 25 | $299.0M | $109.7M | ||
| Q3 25 | $215.0M | $95.5M | ||
| Q2 25 | $174.0M | $109.8M | ||
| Q1 25 | $154.0M | $113.4M | ||
| Q4 24 | $255.0M | $118.5M | ||
| Q3 24 | $181.0M | $76.1M | ||
| Q2 24 | $209.0M | $111.1M | ||
| Q1 24 | $242.0M | $107.4M |
营业利润率AFGRBA
| Q4 25 | 18.4% | 14.7% | ||
| Q3 25 | 11.5% | 14.5% | ||
| Q2 25 | 11.9% | 15.9% | ||
| Q1 25 | 10.6% | 17.1% | ||
| Q4 24 | 14.9% | 18.1% | ||
| Q3 24 | 9.7% | 15.6% | ||
| Q2 24 | 14.3% | 18.4% | ||
| Q1 24 | 15.9% | 18.7% |
净利率AFGRBA
| Q4 25 | 14.5% | 9.1% | ||
| Q3 25 | 9.2% | 8.7% | ||
| Q2 25 | 9.0% | 9.3% | ||
| Q1 25 | 8.3% | 10.2% | ||
| Q4 24 | 11.9% | 10.4% | ||
| Q3 24 | 7.6% | 7.8% | ||
| Q2 24 | 11.0% | 10.1% | ||
| Q1 24 | 12.7% | 10.1% |
每股收益（稀释后）AFGRBA
| Q4 25 | $3.59 | $0.53 | ||
| Q3 25 | $2.58 | $0.43 | ||
| Q2 25 | $2.07 | $0.53 | ||
| Q1 25 | $1.84 | $0.55 | ||
| Q4 24 | $3.03 | $0.58 | ||
| Q3 24 | $2.16 | $0.36 | ||
| Q2 24 | $2.49 | $0.54 | ||
| Q1 24 | $2.89 | $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 | $1.7B | $531.5M |
| 总债务越低越好 | $1.8B | $2.3B |
| 股东权益账面价值 | $4.8B | $5.6B |
| 总资产 | $32.6B | $12.1B |
| 负债/权益比越低杠杆越低 | 0.38× | 0.42× |
8季度趋势，按日历期对齐
现金及短期投资AFGRBA
| Q4 25 | $1.7B | $531.5M | ||
| Q3 25 | $1.8B | $674.7M | ||
| Q2 25 | $1.3B | $710.2M | ||
| Q1 25 | $1.3B | $578.1M | ||
| Q4 24 | $1.4B | $533.9M | ||
| Q3 24 | $1.3B | $650.7M | ||
| Q2 24 | $1.1B | $599.5M | ||
| Q1 24 | $1.1B | $462.8M |
总债务AFGRBA
| Q4 25 | $1.8B | $2.3B | ||
| Q3 25 | $1.8B | $2.6B | ||
| Q2 25 | $1.5B | $2.6B | ||
| Q1 25 | $1.5B | $2.6B | ||
| Q4 24 | $1.5B | $2.6B | ||
| Q3 24 | $1.5B | $2.7B | ||
| Q2 24 | $1.5B | $2.8B | ||
| Q1 24 | $1.5B | $2.9B |
股东权益AFGRBA
| Q4 25 | $4.8B | $5.6B | ||
| Q3 25 | $4.7B | $5.5B | ||
| Q2 25 | $4.5B | $5.5B | ||
| Q1 25 | $4.4B | $5.3B | ||
| Q4 24 | $4.5B | $5.2B | ||
| Q3 24 | $4.7B | $5.2B | ||
| Q2 24 | $4.4B | $5.2B | ||
| Q1 24 | $4.2B | $5.1B |
总资产AFGRBA
| Q4 25 | $32.6B | $12.1B | ||
| Q3 25 | $33.8B | $12.2B | ||
| Q2 25 | $30.7B | $12.2B | ||
| Q1 25 | $30.3B | $11.9B | ||
| Q4 24 | $30.8B | $11.8B | ||
| Q3 24 | $32.6B | $11.9B | ||
| Q2 24 | $29.9B | $12.1B | ||
| Q1 24 | $30.0B | $12.0B |
负债/权益比AFGRBA
| Q4 25 | 0.38× | 0.42× | ||
| Q3 25 | 0.38× | 0.47× | ||
| Q2 25 | 0.33× | 0.47× | ||
| Q1 25 | 0.34× | 0.50× | ||
| Q4 24 | 0.33× | 0.50× | ||
| Q3 24 | 0.31× | 0.52× | ||
| Q2 24 | 0.34× | 0.55× | ||
| Q1 24 | 0.35× | 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 | $784.0M | $255.2M |
| 自由现金流经营现金流 - 资本支出 | — | $186.5M |
| 自由现金流率自由现金流/营收 | — | 15.5% |
| 资本支出强度资本支出/营收 | — | 5.7% |
| 现金转化率经营现金流/净利润 | 2.62× | 2.33× |
| 过去12个月自由现金流最近4个季度 | — | $719.2M |
8季度趋势，按日历期对齐
经营现金流AFGRBA
| Q4 25 | $784.0M | $255.2M | ||
| Q3 25 | $216.0M | $239.7M | ||
| Q2 25 | $191.0M | $326.5M | ||
| Q1 25 | $342.0M | $156.8M | ||
| Q4 24 | $674.0M | $184.5M | ||
| Q3 24 | $459.0M | $285.4M | ||
| Q2 24 | $-88.0M | $337.3M | ||
| Q1 24 | $107.0M | $124.8M |
自由现金流AFGRBA
| Q4 25 | — | $186.5M | ||
| Q3 25 | — | $188.5M | ||
| Q2 25 | — | $241.7M | ||
| Q1 25 | — | $102.5M | ||
| Q4 24 | — | $127.9M | ||
| Q3 24 | — | $248.5M | ||
| Q2 24 | — | $308.6M | ||
| Q1 24 | — | $79.6M |
自由现金流率AFGRBA
| Q4 25 | — | 15.5% | ||
| Q3 25 | — | 17.3% | ||
| Q2 25 | — | 20.4% | ||
| Q1 25 | — | 9.2% | ||
| Q4 24 | — | 11.2% | ||
| Q3 24 | — | 25.3% | ||
| Q2 24 | — | 28.2% | ||
| Q1 24 | — | 7.5% |
资本支出强度AFGRBA
| Q4 25 | — | 5.7% | ||
| Q3 25 | — | 4.7% | ||
| Q2 25 | — | 7.2% | ||
| Q1 25 | — | 4.9% | ||
| Q4 24 | — | 5.0% | ||
| Q3 24 | — | 3.8% | ||
| Q2 24 | — | 2.6% | ||
| Q1 24 | — | 4.2% |
现金转化率AFGRBA
| Q4 25 | 2.62× | 2.33× | ||
| Q3 25 | 1.00× | 2.51× | ||
| Q2 25 | 1.10× | 2.97× | ||
| Q1 25 | 2.22× | 1.38× | ||
| Q4 24 | 2.64× | 1.56× | ||
| Q3 24 | 2.54× | 3.75× | ||
| Q2 24 | -0.42× | 3.04× | ||
| Q1 24 | 0.44× | 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
AFG
| Property And Casualty Insurance | $2.0B | 96% |
| Other | $83.0M | 4% |
RBA
| Buyer Revenue | $577.2M | 48% |
| Seller Revenue | $255.2M | 21% |
| CA | $199.0M | 17% |
| Other | $124.7M | 10% |
| AU | $47.3M | 4% |
