vs
雅保（ALB）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
雅保的季度营收约是利氏兄弟拍卖行的1.2倍（$1.4B vs $1.2B），利氏兄弟拍卖行净利率更高（9.1% vs -29.0%，领先38.1%），雅保同比增速更快（15.9% vs 5.4%），雅保自由现金流更多（$233.1M vs $186.5M），过去两年利氏兄弟拍卖行的营收复合增速更高（6.3% vs 2.4%）
雅保是全球知名的特种化学品企业，业务覆盖研发、生产与全球销售，下设锂、溴、催化剂三大板块。锂业务线供应碳酸锂、氢氧化锂、氯化锂等锂化合物及相关试剂，产品广泛应用于消费电子、电动汽车锂电池、高性能润滑脂、热塑性弹性体等领域。
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。
ALB vs RBA — 直观对比
营收规模更大
ALB
是对方的1.2倍
$1.2B
营收增速更快
ALB
高出10.5%
5.4%
净利率更高
RBA
高出38.1%
-29.0%
自由现金流更多
ALB
多$46.6M
$186.5M
两年增速更快
RBA
近两年复合增速
2.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $1.2B |
| 净利润 | $-414.2M | $109.7M |
| 毛利率 | 13.9% | — |
| 营业利润率 | -15.2% | 14.7% |
| 净利率 | -29.0% | 9.1% |
| 营收同比 | 15.9% | 5.4% |
| 净利润同比 | -650.1% | -7.4% |
| 每股收益（稀释后） | $-3.88 | $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ALBRBA
| Q4 25 | $1.4B | $1.2B | ||
| Q3 25 | $1.3B | $1.1B | ||
| Q2 25 | $1.3B | $1.2B | ||
| Q1 25 | $1.1B | $1.1B | ||
| Q4 24 | $1.2B | $1.1B | ||
| Q3 24 | $1.4B | $981.8M | ||
| Q2 24 | $1.4B | $1.1B | ||
| Q1 24 | $1.4B | $1.1B |
净利润ALBRBA
| Q4 25 | $-414.2M | $109.7M | ||
| Q3 25 | $-160.7M | $95.5M | ||
| Q2 25 | $22.9M | $109.8M | ||
| Q1 25 | $41.3M | $113.4M | ||
| Q4 24 | $75.3M | $118.5M | ||
| Q3 24 | $-1.1B | $76.1M | ||
| Q2 24 | $-188.2M | $111.1M | ||
| Q1 24 | $2.4M | $107.4M |
毛利率ALBRBA
| Q4 25 | 13.9% | — | ||
| Q3 25 | 9.0% | — | ||
| Q2 25 | 14.8% | — | ||
| Q1 25 | 14.5% | — | ||
| Q4 24 | 11.2% | — | ||
| Q3 24 | -7.7% | — | ||
| Q2 24 | -0.7% | — | ||
| Q1 24 | 2.9% | — |
营业利润率ALBRBA
| Q4 25 | -15.2% | 14.7% | ||
| Q3 25 | -16.6% | 14.5% | ||
| Q2 25 | 3.6% | 15.9% | ||
| Q1 25 | 1.8% | 17.1% | ||
| Q4 24 | 0.4% | 18.1% | ||
| Q3 24 | -81.9% | 15.6% | ||
| Q2 24 | -34.4% | 18.4% | ||
| Q1 24 | -13.2% | 18.7% |
净利率ALBRBA
| Q4 25 | -29.0% | 9.1% | ||
| Q3 25 | -12.3% | 8.7% | ||
| Q2 25 | 1.7% | 9.3% | ||
| Q1 25 | 3.8% | 10.2% | ||
| Q4 24 | 6.1% | 10.4% | ||
| Q3 24 | -78.9% | 7.8% | ||
| Q2 24 | -13.2% | 10.1% | ||
| Q1 24 | 0.2% | 10.1% |
每股收益（稀释后）ALBRBA
| Q4 25 | $-3.88 | $0.53 | ||
| Q3 25 | $-1.72 | $0.43 | ||
| Q2 25 | $-0.16 | $0.53 | ||
| Q1 25 | $0.00 | $0.55 | ||
| Q4 24 | $0.29 | $0.58 | ||
| Q3 24 | $-9.45 | $0.36 | ||
| Q2 24 | $-1.96 | $0.54 | ||
| Q1 24 | $-0.08 | $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 | — | $531.5M |
| 总债务越低越好 | $3.2B | $2.3B |
| 股东权益账面价值 | $9.5B | $5.6B |
| 总资产 | $16.4B | $12.1B |
| 负债/权益比越低杠杆越低 | 0.33× | 0.42× |
8季度趋势，按日历期对齐
现金及短期投资ALBRBA
| Q4 25 | — | $531.5M | ||
| Q3 25 | $1.9B | $674.7M | ||
| Q2 25 | $1.8B | $710.2M | ||
| Q1 25 | $1.5B | $578.1M | ||
| Q4 24 | $1.2B | $533.9M | ||
| Q3 24 | $1.7B | $650.7M | ||
| Q2 24 | $1.8B | $599.5M | ||
| Q1 24 | $2.1B | $462.8M |
总债务ALBRBA
| Q4 25 | $3.2B | $2.3B | ||
| Q3 25 | $3.6B | $2.6B | ||
| Q2 25 | $3.6B | $2.6B | ||
| Q1 25 | $3.5B | $2.6B | ||
| Q4 24 | $3.5B | $2.6B | ||
| Q3 24 | $3.6B | $2.7B | ||
| Q2 24 | $3.5B | $2.8B | ||
| Q1 24 | $3.5B | $2.9B |
股东权益ALBRBA
| Q4 25 | $9.5B | $5.6B | ||
| Q3 25 | $10.0B | $5.5B | ||
| Q2 25 | $10.2B | $5.5B | ||
| Q1 25 | $10.0B | $5.3B | ||
| Q4 24 | $10.0B | $5.2B | ||
| Q3 24 | $10.2B | $5.2B | ||
| Q2 24 | $11.2B | $5.2B | ||
| Q1 24 | $11.5B | $5.1B |
总资产ALBRBA
| Q4 25 | $16.4B | $12.1B | ||
| Q3 25 | $17.1B | $12.2B | ||
| Q2 25 | $17.3B | $12.2B | ||
| Q1 25 | $17.0B | $11.9B | ||
| Q4 24 | $16.6B | $11.8B | ||
| Q3 24 | $17.5B | $11.9B | ||
| Q2 24 | $18.4B | $12.1B | ||
| Q1 24 | $19.0B | $12.0B |
负债/权益比ALBRBA
| Q4 25 | 0.33× | 0.42× | ||
| Q3 25 | 0.36× | 0.47× | ||
| Q2 25 | 0.35× | 0.47× | ||
| Q1 25 | 0.35× | 0.50× | ||
| Q4 24 | 0.35× | 0.50× | ||
| Q3 24 | 0.35× | 0.52× | ||
| Q2 24 | 0.31× | 0.55× | ||
| Q1 24 | 0.31× | 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 | $388.5M | $255.2M |
| 自由现金流经营现金流 - 资本支出 | $233.1M | $186.5M |
| 自由现金流率自由现金流/营收 | 16.3% | 15.5% |
| 资本支出强度资本支出/营收 | 10.9% | 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 | $692.5M | $719.2M |
8季度趋势，按日历期对齐
经营现金流ALBRBA
| Q4 25 | $388.5M | $255.2M | ||
| Q3 25 | $355.6M | $239.7M | ||
| Q2 25 | $-7.2M | $326.5M | ||
| Q1 25 | $545.4M | $156.8M | ||
| Q4 24 | $674.0K | $184.5M | ||
| Q3 24 | $240.5M | $285.4M | ||
| Q2 24 | $362.9M | $337.3M | ||
| Q1 24 | $98.0M | $124.8M |
自由现金流ALBRBA
| Q4 25 | $233.1M | $186.5M | ||
| Q3 25 | $223.4M | $188.5M | ||
| Q2 25 | $-126.8M | $241.7M | ||
| Q1 25 | $362.8M | $102.5M | ||
| Q4 24 | $-355.1M | $127.9M | ||
| Q3 24 | $-62.6M | $248.5M | ||
| Q2 24 | $-84.7M | $308.6M | ||
| Q1 24 | $-481.4M | $79.6M |
自由现金流率ALBRBA
| Q4 25 | 16.3% | 15.5% | ||
| Q3 25 | 17.1% | 17.3% | ||
| Q2 25 | -9.5% | 20.4% | ||
| Q1 25 | 33.7% | 9.2% | ||
| Q4 24 | -28.8% | 11.2% | ||
| Q3 24 | -4.6% | 25.3% | ||
| Q2 24 | -5.9% | 28.2% | ||
| Q1 24 | -35.4% | 7.5% |
资本支出强度ALBRBA
| Q4 25 | 10.9% | 5.7% | ||
| Q3 25 | 10.1% | 4.7% | ||
| Q2 25 | 9.0% | 7.2% | ||
| Q1 25 | 17.0% | 4.9% | ||
| Q4 24 | 28.9% | 5.0% | ||
| Q3 24 | 22.4% | 3.8% | ||
| Q2 24 | 31.3% | 2.6% | ||
| Q1 24 | 42.6% | 4.2% |
现金转化率ALBRBA
| Q4 25 | — | 2.33× | ||
| Q3 25 | — | 2.51× | ||
| Q2 25 | -0.31× | 2.97× | ||
| Q1 25 | 13.19× | 1.38× | ||
| Q4 24 | 0.01× | 1.56× | ||
| Q3 24 | — | 3.75× | ||
| Q2 24 | — | 3.04× | ||
| Q1 24 | 40.01× | 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
ALB
| Energy Storage | $759.1M | 53% |
| Specialties | $348.9M | 24% |
| Ketjen | $320.1M | 22% |
RBA
| Buyer Revenue | $577.2M | 48% |
| Seller Revenue | $255.2M | 21% |
| CA | $199.0M | 17% |
| Other | $124.7M | 10% |
| AU | $47.3M | 4% |
