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ABERCROMBIE & FITCH CO（ANF）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
ABERCROMBIE & FITCH CO的季度营收约是利氏兄弟拍卖行的1.1倍（$1.3B vs $1.2B），利氏兄弟拍卖行净利率更高（9.1% vs 8.8%，领先0.4%），ABERCROMBIE & FITCH CO同比增速更快（6.8% vs 5.4%），利氏兄弟拍卖行自由现金流更多（$186.5M vs $131.8M），过去两年利氏兄弟拍卖行的营收复合增速更高（6.3% vs -5.8%）
A&F（阿伯克龙比与菲奇）是1892年成立的美国生活方式零售品牌，主打面向20岁出头至45岁左右客群的潮流服饰，总部位于俄亥俄州新奥尔巴尼。旗下运营Abercrombie Kids、Your Personal Best、霍利斯特（Hollister Co.）、Gilly Hicks四个子品牌，全品牌直营门店超780家。
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。
ANF vs RBA — 直观对比
营收规模更大
ANF
是对方的1.1倍
$1.2B
营收增速更快
ANF
高出1.3%
5.4%
净利率更高
RBA
高出0.4%
8.8%
自由现金流更多
RBA
多$54.7M
$131.8M
两年增速更快
RBA
近两年复合增速
-5.8%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $1.2B |
| 净利润 | $113.0M | $109.7M |
| 毛利率 | 62.5% | — |
| 营业利润率 | 12.0% | 14.7% |
| 净利率 | 8.8% | 9.1% |
| 营收同比 | 6.8% | 5.4% |
| 净利润同比 | -14.4% | -7.4% |
| 每股收益（稀释后） | $2.36 | $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ANFRBA
| Q4 25 | $1.3B | $1.2B | ||
| Q3 25 | $1.2B | $1.1B | ||
| Q2 25 | $1.1B | $1.2B | ||
| Q1 25 | $1.6B | $1.1B | ||
| Q4 24 | $1.2B | $1.1B | ||
| Q3 24 | $1.1B | $981.8M | ||
| Q2 24 | $1.0B | $1.1B | ||
| Q1 24 | $1.5B | $1.1B |
净利润ANFRBA
| Q4 25 | $113.0M | $109.7M | ||
| Q3 25 | $141.4M | $95.5M | ||
| Q2 25 | $80.4M | $109.8M | ||
| Q1 25 | $187.2M | $113.4M | ||
| Q4 24 | $132.0M | $118.5M | ||
| Q3 24 | $133.2M | $76.1M | ||
| Q2 24 | $113.8M | $111.1M | ||
| Q1 24 | $158.4M | $107.4M |
毛利率ANFRBA
| Q4 25 | 62.5% | — | ||
| Q3 25 | 62.6% | — | ||
| Q2 25 | 62.0% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 65.1% | — | ||
| Q3 24 | 64.9% | — | ||
| Q2 24 | 66.4% | — | ||
| Q1 24 | 62.9% | — |
营业利润率ANFRBA
| Q4 25 | 12.0% | 14.7% | ||
| Q3 25 | 17.1% | 14.5% | ||
| Q2 25 | 9.3% | 15.9% | ||
| Q1 25 | 16.2% | 17.1% | ||
| Q4 24 | 14.8% | 18.1% | ||
| Q3 24 | 15.5% | 15.6% | ||
| Q2 24 | 12.7% | 18.4% | ||
| Q1 24 | 15.3% | 18.7% |
净利率ANFRBA
| Q4 25 | 8.8% | 9.1% | ||
| Q3 25 | 11.7% | 8.7% | ||
| Q2 25 | 7.3% | 9.3% | ||
| Q1 25 | 11.8% | 10.2% | ||
| Q4 24 | 10.9% | 10.4% | ||
| Q3 24 | 11.7% | 7.8% | ||
| Q2 24 | 11.2% | 10.1% | ||
| Q1 24 | 10.9% | 10.1% |
每股收益（稀释后）ANFRBA
| Q4 25 | $2.36 | $0.53 | ||
| Q3 25 | $2.91 | $0.43 | ||
| Q2 25 | $1.59 | $0.53 | ||
| Q1 25 | $3.55 | $0.55 | ||
| Q4 24 | $2.50 | $0.58 | ||
| Q3 24 | $2.50 | $0.36 | ||
| Q2 24 | $2.14 | $0.54 | ||
| Q1 24 | $2.97 | $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 | $631.0M | $531.5M |
| 总债务越低越好 | — | $2.3B |
| 股东权益账面价值 | $1.3B | $5.6B |
| 总资产 | $3.5B | $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ANFRBA
| Q4 25 | $631.0M | $531.5M | ||
| Q3 25 | $603.5M | $674.7M | ||
| Q2 25 | $607.6M | $710.2M | ||
| Q1 25 | $888.9M | $578.1M | ||
| Q4 24 | $738.9M | $533.9M | ||
| Q3 24 | $738.4M | $650.7M | ||
| Q2 24 | $864.2M | $599.5M | ||
| Q1 24 | $900.9M | $462.8M |
总债务ANFRBA
| 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 | ||
| Q1 24 | — | $2.9B |
股东权益ANFRBA
| Q4 25 | $1.3B | $5.6B | ||
| Q3 25 | $1.3B | $5.5B | ||
| Q2 25 | $1.2B | $5.5B | ||
| Q1 25 | $1.3B | $5.3B | ||
| Q4 24 | $1.2B | $5.2B | ||
| Q3 24 | $1.2B | $5.2B | ||
| Q2 24 | $1.1B | $5.2B | ||
| Q1 24 | $1.0B | $5.1B |
总资产ANFRBA
| Q4 25 | $3.5B | $12.1B | ||
| Q3 25 | $3.3B | $12.2B | ||
| Q2 25 | $3.1B | $12.2B | ||
| Q1 25 | $3.3B | $11.9B | ||
| Q4 24 | $3.3B | $11.8B | ||
| Q3 24 | $3.0B | $11.9B | ||
| Q2 24 | $3.0B | $12.1B | ||
| Q1 24 | $3.0B | $12.0B |
负债/权益比ANFRBA
| 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× | ||
| 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 | $200.1M | $255.2M |
| 自由现金流经营现金流 - 资本支出 | $131.8M | $186.5M |
| 自由现金流率自由现金流/营收 | 10.2% | 15.5% |
| 资本支出强度资本支出/营收 | 5.3% | 5.7% |
| 现金转化率经营现金流/净利润 | 1.77× | 2.33× |
| 过去12个月自由现金流最近4个季度 | $384.5M | $719.2M |
8季度趋势，按日历期对齐
经营现金流ANFRBA
| Q4 25 | $200.1M | $255.2M | ||
| Q3 25 | $116.9M | $239.7M | ||
| Q2 25 | $-4.0M | $326.5M | ||
| Q1 25 | $307.6M | $156.8M | ||
| Q4 24 | $142.6M | $184.5M | ||
| Q3 24 | $165.1M | $285.4M | ||
| Q2 24 | $95.0M | $337.3M | ||
| Q1 24 | $303.3M | $124.8M |
自由现金流ANFRBA
| Q4 25 | $131.8M | $186.5M | ||
| Q3 25 | $50.7M | $188.5M | ||
| Q2 25 | $-54.8M | $241.7M | ||
| Q1 25 | $256.8M | $102.5M | ||
| Q4 24 | $92.2M | $127.9M | ||
| Q3 24 | $122.3M | $248.5M | ||
| Q2 24 | $56.1M | $308.6M | ||
| Q1 24 | $274.1M | $79.6M |
自由现金流率ANFRBA
| Q4 25 | 10.2% | 15.5% | ||
| Q3 25 | 4.2% | 17.3% | ||
| Q2 25 | -5.0% | 20.4% | ||
| Q1 25 | 16.2% | 9.2% | ||
| Q4 24 | 7.6% | 11.2% | ||
| Q3 24 | 10.8% | 25.3% | ||
| Q2 24 | 5.5% | 28.2% | ||
| Q1 24 | 18.9% | 7.5% |
资本支出强度ANFRBA
| Q4 25 | 5.3% | 5.7% | ||
| Q3 25 | 5.5% | 4.7% | ||
| Q2 25 | 4.6% | 7.2% | ||
| Q1 25 | 3.2% | 4.9% | ||
| Q4 24 | 4.2% | 5.0% | ||
| Q3 24 | 3.8% | 3.8% | ||
| Q2 24 | 3.8% | 2.6% | ||
| Q1 24 | 2.0% | 4.2% |
现金转化率ANFRBA
| Q4 25 | 1.77× | 2.33× | ||
| Q3 25 | 0.83× | 2.51× | ||
| Q2 25 | -0.05× | 2.97× | ||
| Q1 25 | 1.64× | 1.38× | ||
| Q4 24 | 1.08× | 1.56× | ||
| Q3 24 | 1.24× | 3.75× | ||
| Q2 24 | 0.83× | 3.04× | ||
| Q1 24 | 1.91× | 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
ANF
| Hollister | $673.3M | 52% |
| Abercrombie | $617.3M | 48% |
| Gift Card | $25.7M | 2% |
| Royalty | $19.5M | 2% |
RBA
| Buyer Revenue | $577.2M | 48% |
| Seller Revenue | $255.2M | 21% |
| CA | $199.0M | 17% |
| Other | $124.7M | 10% |
| AU | $47.3M | 4% |
