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ATI INC（ATI）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ATI INC的1.0倍（$1.2B vs $1.2B），利氏兄弟拍卖行净利率更高（9.1% vs 8.2%，领先0.9%），利氏兄弟拍卖行同比增速更快（5.4% vs 0.4%），ATI INC自由现金流更多（$230.3M 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 3.7%）
ATI是加拿大半导体科技企业，总部位于安大略省万锦市，专注于图形处理器（GPU）及芯片组研发。公司成立于1985年，1993年公开上市，2006年被AMD收购。作为无晶圆厂半导体巨头，ATI坚持自主研发，生产组装环节外包，2000年竞争对手3dfx破产后，成为全球图形芯片领域的核心厂商之一。
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。
ATI vs RBA — 直观对比
营收规模更大
RBA
是对方的1.0倍
$1.2B
营收增速更快
RBA
高出5.0%
0.4%
净利率更高
RBA
高出0.9%
8.2%
自由现金流更多
ATI
多$43.8M
$186.5M
两年增速更快
RBA
近两年复合增速
3.7%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $1.2B |
| 净利润 | $96.6M | $109.7M |
| 毛利率 | 23.2% | — |
| 营业利润率 | 14.5% | 14.7% |
| 净利率 | 8.2% | 9.1% |
| 营收同比 | 0.4% | 5.4% |
| 净利润同比 | -29.5% | -7.4% |
| 每股收益（稀释后） | $0.69 | $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ATIRBA
| Q1 26 | $1.2B | — | ||
| Q4 25 | $1.2B | $1.2B | ||
| Q3 25 | $1.1B | $1.1B | ||
| Q2 25 | $1.1B | $1.2B | ||
| Q1 25 | $1.1B | $1.1B | ||
| Q4 24 | $1.2B | $1.1B | ||
| Q3 24 | $1.1B | $981.8M | ||
| Q2 24 | $1.1B | $1.1B |
净利润ATIRBA
| Q1 26 | $96.6M | — | ||
| Q4 25 | $96.6M | $109.7M | ||
| Q3 25 | $110.0M | $95.5M | ||
| Q2 25 | $100.7M | $109.8M | ||
| Q1 25 | $97.0M | $113.4M | ||
| Q4 24 | $137.1M | $118.5M | ||
| Q3 24 | $82.7M | $76.1M | ||
| Q2 24 | $81.9M | $111.1M |
毛利率ATIRBA
| Q1 26 | 23.2% | — | ||
| Q4 25 | 23.2% | — | ||
| Q3 25 | 22.7% | — | ||
| Q2 25 | 21.3% | — | ||
| Q1 25 | 20.6% | — | ||
| Q4 24 | 21.2% | — | ||
| Q3 24 | 21.4% | — | ||
| Q2 24 | 20.8% | — |
营业利润率ATIRBA
| Q1 26 | 14.5% | — | ||
| Q4 25 | 14.5% | 14.7% | ||
| Q3 25 | 14.4% | 14.5% | ||
| Q2 25 | 14.1% | 15.9% | ||
| Q1 25 | 12.8% | 17.1% | ||
| Q4 24 | 17.8% | 18.1% | ||
| Q3 24 | 13.5% | 15.6% | ||
| Q2 24 | 13.0% | 18.4% |
净利率ATIRBA
| Q1 26 | 8.2% | — | ||
| Q4 25 | 8.2% | 9.1% | ||
| Q3 25 | 9.8% | 8.7% | ||
| Q2 25 | 8.8% | 9.3% | ||
| Q1 25 | 8.5% | 10.2% | ||
| Q4 24 | 11.7% | 10.4% | ||
| Q3 24 | 7.9% | 7.8% | ||
| Q2 24 | 7.5% | 10.1% |
每股收益（稀释后）ATIRBA
| Q1 26 | $0.69 | — | ||
| Q4 25 | $0.70 | $0.53 | ||
| Q3 25 | $0.78 | $0.43 | ||
| Q2 25 | $0.70 | $0.53 | ||
| Q1 25 | $0.67 | $0.55 | ||
| Q4 24 | $0.94 | $0.58 | ||
| Q3 24 | $0.57 | $0.36 | ||
| Q2 24 | $0.58 | $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 | $416.7M | $531.5M |
| 总债务越低越好 | $1.7B | $2.3B |
| 股东权益账面价值 | $1.9B | $5.6B |
| 总资产 | $5.1B | $12.1B |
| 负债/权益比越低杠杆越低 | 0.90× | 0.42× |
8季度趋势，按日历期对齐
现金及短期投资ATIRBA
| Q1 26 | $416.7M | — | ||
| Q4 25 | $416.7M | $531.5M | ||
| Q3 25 | $372.2M | $674.7M | ||
| Q2 25 | $319.6M | $710.2M | ||
| Q1 25 | $475.8M | $578.1M | ||
| Q4 24 | $721.2M | $533.9M | ||
| Q3 24 | $406.6M | $650.7M | ||
| Q2 24 | $425.6M | $599.5M |
总债务ATIRBA
| Q1 26 | $1.7B | — | ||
| Q4 25 | $1.7B | $2.3B | ||
| Q3 25 | $1.7B | $2.6B | ||
| Q2 25 | $1.7B | $2.6B | ||
| Q1 25 | $1.7B | $2.6B | ||
| Q4 24 | $1.7B | $2.6B | ||
| Q3 24 | $1.9B | $2.7B | ||
| Q2 24 | $1.9B | $2.8B |
股东权益ATIRBA
| Q1 26 | $1.9B | — | ||
| Q4 25 | $1.8B | $5.6B | ||
| Q3 25 | $1.7B | $5.5B | ||
| Q2 25 | $1.7B | $5.5B | ||
| Q1 25 | $1.9B | $5.3B | ||
| Q4 24 | $1.9B | $5.2B | ||
| Q3 24 | $1.8B | $5.2B | ||
| Q2 24 | $1.4B | $5.2B |
总资产ATIRBA
| Q1 26 | $5.1B | — | ||
| Q4 25 | $5.1B | $12.1B | ||
| Q3 25 | $5.0B | $12.2B | ||
| Q2 25 | $5.0B | $12.2B | ||
| Q1 25 | $5.2B | $11.9B | ||
| Q4 24 | $5.2B | $11.8B | ||
| Q3 24 | $5.1B | $11.9B | ||
| Q2 24 | $4.9B | $12.1B |
负债/权益比ATIRBA
| Q1 26 | 0.90× | — | ||
| Q4 25 | 0.95× | 0.42× | ||
| Q3 25 | 1.00× | 0.47× | ||
| Q2 25 | 0.98× | 0.47× | ||
| Q1 25 | 0.91× | 0.50× | ||
| Q4 24 | 0.93× | 0.50× | ||
| Q3 24 | 1.04× | 0.52× | ||
| Q2 24 | 1.37× | 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 | — | $255.2M |
| 自由现金流经营现金流 - 资本支出 | $230.3M | $186.5M |
| 自由现金流率自由现金流/营收 | 19.6% | 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 | — | 2.33× |
| 过去12个月自由现金流最近4个季度 | $709.8M | $719.2M |
8季度趋势，按日历期对齐
经营现金流ATIRBA
| Q1 26 | — | — | ||
| Q4 25 | $315.8M | $255.2M | ||
| Q3 25 | $229.5M | $239.7M | ||
| Q2 25 | $161.5M | $326.5M | ||
| Q1 25 | $-92.5M | $156.8M | ||
| Q4 24 | $380.9M | $184.5M | ||
| Q3 24 | $24.0M | $285.4M | ||
| Q2 24 | $101.1M | $337.3M |
自由现金流ATIRBA
| Q1 26 | $230.3M | — | ||
| Q4 25 | $223.1M | $186.5M | ||
| Q3 25 | $167.0M | $188.5M | ||
| Q2 25 | $89.4M | $241.7M | ||
| Q1 25 | $-145.8M | $102.5M | ||
| Q4 24 | $333.6M | $127.9M | ||
| Q3 24 | $-41.8M | $248.5M | ||
| Q2 24 | $40.9M | $308.6M |
自由现金流率ATIRBA
| Q1 26 | 19.6% | — | ||
| Q4 25 | 19.0% | 15.5% | ||
| Q3 25 | 14.8% | 17.3% | ||
| Q2 25 | 7.8% | 20.4% | ||
| Q1 25 | -12.7% | 9.2% | ||
| Q4 24 | 28.4% | 11.2% | ||
| Q3 24 | -4.0% | 25.3% | ||
| Q2 24 | 3.7% | 28.2% |
资本支出强度ATIRBA
| Q1 26 | — | — | ||
| Q4 25 | 7.9% | 5.7% | ||
| Q3 25 | 5.6% | 4.7% | ||
| Q2 25 | 6.3% | 7.2% | ||
| Q1 25 | 4.7% | 4.9% | ||
| Q4 24 | 4.0% | 5.0% | ||
| Q3 24 | 6.3% | 3.8% | ||
| Q2 24 | 5.5% | 2.6% |
现金转化率ATIRBA
| Q1 26 | — | — | ||
| Q4 25 | 3.27× | 2.33× | ||
| Q3 25 | 2.09× | 2.51× | ||
| Q2 25 | 1.60× | 2.97× | ||
| Q1 25 | -0.95× | 1.38× | ||
| Q4 24 | 2.78× | 1.56× | ||
| Q3 24 | 0.29× | 3.75× | ||
| Q2 24 | 1.23× | 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
ATI
暂无分部数据
RBA
| Buyer Revenue | $577.2M | 48% |
| Seller Revenue | $255.2M | 21% |
| CA | $199.0M | 17% |
| Other | $124.7M | 10% |
| AU | $47.3M | 4% |
