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爱齐科技（ALGN）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爱齐科技的1.2倍（$1.2B vs $1.0B），爱齐科技净利率更高（10.8% vs 9.1%，领先1.7%），爱齐科技同比增速更快（6.2% vs 5.4%），过去两年利氏兄弟拍卖行的营收复合增速更高（6.3% vs 0.6%）
爱齐科技是一家全球知名医疗设备企业，主营设计、生产及销售隐适美透明矫治器、iTero口内扫描仪及配套服务，客户覆盖正畸医师、全科牙医，面向修复、美容牙科领域，业务分为透明矫治器、扫描仪及服务两大板块，可满足青少年等不同群体的正畸需求
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。
ALGN vs RBA — 直观对比
营收规模更大
RBA
是对方的1.2倍
$1.0B
营收增速更快
ALGN
高出0.8%
5.4%
净利率更高
ALGN
高出1.7%
9.1%
两年增速更快
RBA
近两年复合增速
0.6%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.0B | $1.2B |
| 净利润 | $112.8M | $109.7M |
| 毛利率 | 70.8% | — |
| 营业利润率 | 13.6% | 14.7% |
| 净利率 | 10.8% | 9.1% |
| 营收同比 | 6.2% | 5.4% |
| 净利润同比 | 21.0% | -7.4% |
| 每股收益（稀释后） | $1.57 | $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ALGNRBA
| Q1 26 | $1.0B | — | ||
| Q4 25 | $1.0B | $1.2B | ||
| Q3 25 | $995.7M | $1.1B | ||
| Q2 25 | $1.0B | $1.2B | ||
| Q1 25 | $979.3M | $1.1B | ||
| Q4 24 | $995.2M | $1.1B | ||
| Q3 24 | $977.9M | $981.8M | ||
| Q2 24 | $1.0B | $1.1B |
净利润ALGNRBA
| Q1 26 | $112.8M | — | ||
| Q4 25 | $135.8M | $109.7M | ||
| Q3 25 | $56.8M | $95.5M | ||
| Q2 25 | $124.6M | $109.8M | ||
| Q1 25 | $93.2M | $113.4M | ||
| Q4 24 | $103.8M | $118.5M | ||
| Q3 24 | $116.0M | $76.1M | ||
| Q2 24 | $96.6M | $111.1M |
毛利率ALGNRBA
| Q1 26 | 70.8% | — | ||
| Q4 25 | 65.3% | — | ||
| Q3 25 | 64.2% | — | ||
| Q2 25 | 69.9% | — | ||
| Q1 25 | 69.5% | — | ||
| Q4 24 | 70.0% | — | ||
| Q3 24 | 69.7% | — | ||
| Q2 24 | 70.3% | — |
营业利润率ALGNRBA
| Q1 26 | 13.6% | — | ||
| Q4 25 | 14.8% | 14.7% | ||
| Q3 25 | 9.7% | 14.5% | ||
| Q2 25 | 16.1% | 15.9% | ||
| Q1 25 | 13.4% | 17.1% | ||
| Q4 24 | 14.5% | 18.1% | ||
| Q3 24 | 16.6% | 15.6% | ||
| Q2 24 | 14.3% | 18.4% |
净利率ALGNRBA
| Q1 26 | 10.8% | — | ||
| Q4 25 | 13.0% | 9.1% | ||
| Q3 25 | 5.7% | 8.7% | ||
| Q2 25 | 12.3% | 9.3% | ||
| Q1 25 | 9.5% | 10.2% | ||
| Q4 24 | 10.4% | 10.4% | ||
| Q3 24 | 11.9% | 7.8% | ||
| Q2 24 | 9.4% | 10.1% |
每股收益（稀释后）ALGNRBA
| Q1 26 | $1.57 | — | ||
| Q4 25 | $1.88 | $0.53 | ||
| Q3 25 | $0.78 | $0.43 | ||
| Q2 25 | $1.72 | $0.53 | ||
| Q1 25 | $1.27 | $0.55 | ||
| Q4 24 | $1.40 | $0.58 | ||
| Q3 24 | $1.55 | $0.36 | ||
| Q2 24 | $1.28 | $0.54 |
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 | $1.1B | $531.5M |
| 总债务越低越好 | — | $2.3B |
| 股东权益账面价值 | $4.1B | $5.6B |
| 总资产 | $6.3B | $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ALGNRBA
| Q1 26 | $1.1B | — | ||
| Q4 25 | $1.1B | $531.5M | ||
| Q3 25 | $1.0B | $674.7M | ||
| Q2 25 | $901.2M | $710.2M | ||
| Q1 25 | $873.0M | $578.1M | ||
| Q4 24 | $1.0B | $533.9M | ||
| Q3 24 | $1.0B | $650.7M | ||
| Q2 24 | $761.4M | $599.5M |
总债务ALGNRBA
| Q1 26 | — | — | ||
| Q4 25 | — | $2.3B | ||
| Q3 25 | — | $2.6B | ||
| Q2 25 | — | $2.6B | ||
| Q1 25 | — | $2.6B | ||
| Q4 24 | — | $2.6B | ||
| Q3 24 | — | $2.7B | ||
| Q2 24 | — | $2.8B |
股东权益ALGNRBA
| Q1 26 | $4.1B | — | ||
| Q4 25 | $4.0B | $5.6B | ||
| Q3 25 | $4.0B | $5.5B | ||
| Q2 25 | $3.9B | $5.5B | ||
| Q1 25 | $3.8B | $5.3B | ||
| Q4 24 | $3.9B | $5.2B | ||
| Q3 24 | $3.9B | $5.2B | ||
| Q2 24 | $3.8B | $5.2B |
总资产ALGNRBA
| Q1 26 | $6.3B | — | ||
| Q4 25 | $6.2B | $12.1B | ||
| Q3 25 | $6.2B | $12.2B | ||
| Q2 25 | $6.2B | $12.2B | ||
| Q1 25 | $6.1B | $11.9B | ||
| Q4 24 | $6.2B | $11.8B | ||
| Q3 24 | $6.4B | $11.9B | ||
| Q2 24 | $6.2B | $12.1B |
负债/权益比ALGNRBA
| Q1 26 | — | — | ||
| Q4 25 | — | 0.42× | ||
| Q3 25 | — | 0.47× | ||
| Q2 25 | — | 0.47× | ||
| Q1 25 | — | 0.50× | ||
| Q4 24 | — | 0.50× | ||
| Q3 24 | — | 0.52× | ||
| Q2 24 | — | 0.55× |
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 | $151.0M | $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 | 1.34× | 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ALGNRBA
| Q1 26 | $151.0M | — | ||
| Q4 25 | $223.2M | $255.2M | ||
| Q3 25 | $188.7M | $239.7M | ||
| Q2 25 | $128.7M | $326.5M | ||
| Q1 25 | $52.7M | $156.8M | ||
| Q4 24 | $286.1M | $184.5M | ||
| Q3 24 | $263.7M | $285.4M | ||
| Q2 24 | $159.8M | $337.3M |
自由现金流ALGNRBA
| Q1 26 | — | — | ||
| Q4 25 | $187.3M | $186.5M | ||
| Q3 25 | $169.0M | $188.5M | ||
| Q2 25 | $107.2M | $241.7M | ||
| Q1 25 | $27.4M | $102.5M | ||
| Q4 24 | $263.1M | $127.9M | ||
| Q3 24 | $233.9M | $248.5M | ||
| Q2 24 | $106.4M | $308.6M |
自由现金流率ALGNRBA
| Q1 26 | — | — | ||
| Q4 25 | 17.9% | 15.5% | ||
| Q3 25 | 17.0% | 17.3% | ||
| Q2 25 | 10.6% | 20.4% | ||
| Q1 25 | 2.8% | 9.2% | ||
| Q4 24 | 26.4% | 11.2% | ||
| Q3 24 | 23.9% | 25.3% | ||
| Q2 24 | 10.3% | 28.2% |
资本支出强度ALGNRBA
| Q1 26 | — | — | ||
| Q4 25 | 3.4% | 5.7% | ||
| Q3 25 | 2.0% | 4.7% | ||
| Q2 25 | 2.1% | 7.2% | ||
| Q1 25 | 2.6% | 4.9% | ||
| Q4 24 | 2.3% | 5.0% | ||
| Q3 24 | 3.0% | 3.8% | ||
| Q2 24 | 5.2% | 2.6% |
现金转化率ALGNRBA
| Q1 26 | 1.34× | — | ||
| Q4 25 | 1.64× | 2.33× | ||
| Q3 25 | 3.33× | 2.51× | ||
| Q2 25 | 1.03× | 2.97× | ||
| Q1 25 | 0.57× | 1.38× | ||
| Q4 24 | 2.76× | 1.56× | ||
| Q3 24 | 2.27× | 3.75× | ||
| Q2 24 | 1.66× | 3.04× |
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
ALGN
| Clear Aligner | $856.0M | 82% |
| CAM Services | $184.1M | 18% |
RBA
| Buyer Revenue | $577.2M | 48% |
| Seller Revenue | $255.2M | 21% |
| CA | $199.0M | 17% |
| Other | $124.7M | 10% |
| AU | $47.3M | 4% |
