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Atmos Energy（ATO）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
Atmos Energy的季度营收约是利氏兄弟拍卖行的1.1倍（$1.3B vs $1.2B），Atmos Energy净利率更高（30.0% vs 9.1%，领先20.9%），Atmos Energy同比增速更快（14.2% vs 5.4%），利氏兄弟拍卖行自由现金流更多（$186.5M vs $-725.3M），过去两年利氏兄弟拍卖行的营收复合增速更高（6.3% vs -9.7%）
Atmos Energy总部位于美国得克萨斯州达拉斯，是美国规模最大的纯天然气分销商之一，业务覆盖美国9个州的1400多个社区，为东起蓝岭山脉、西至落基山脉区域内的约300万天然气用户提供服务。
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。
ATO vs RBA — 直观对比
营收规模更大
ATO
是对方的1.1倍
$1.2B
营收增速更快
ATO
高出8.8%
5.4%
净利率更高
ATO
高出20.9%
9.1%
自由现金流更多
RBA
多$911.8M
$-725.3M
两年增速更快
RBA
近两年复合增速
-9.7%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $1.2B |
| 净利润 | $403.0M | $109.7M |
| 毛利率 | — | — |
| 营业利润率 | 38.3% | 14.7% |
| 净利率 | 30.0% | 9.1% |
| 营收同比 | 14.2% | 5.4% |
| 净利润同比 | 14.5% | -7.4% |
| 每股收益（稀释后） | $2.44 | $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ATORBA
| Q4 25 | $1.3B | $1.2B | ||
| Q3 25 | $737.5M | $1.1B | ||
| Q2 25 | $838.8M | $1.2B | ||
| Q1 25 | $2.0B | $1.1B | ||
| Q4 24 | $1.2B | $1.1B | ||
| Q3 24 | $657.9M | $981.8M | ||
| Q2 24 | $701.5M | $1.1B | ||
| Q1 24 | $1.6B | $1.1B |
净利润ATORBA
| Q4 25 | $403.0M | $109.7M | ||
| Q3 25 | $174.9M | $95.5M | ||
| Q2 25 | $186.4M | $109.8M | ||
| Q1 25 | $485.6M | $113.4M | ||
| Q4 24 | $351.9M | $118.5M | ||
| Q3 24 | $134.0M | $76.1M | ||
| Q2 24 | $165.6M | $111.1M | ||
| Q1 24 | $432.0M | $107.4M |
毛利率ATORBA
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 60.0% | — | ||
| Q4 24 | 80.1% | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 62.1% | — |
营业利润率ATORBA
| Q4 25 | 38.3% | 14.7% | ||
| Q3 25 | 29.8% | 14.5% | ||
| Q2 25 | 30.1% | 15.9% | ||
| Q1 25 | 32.2% | 17.1% | ||
| Q4 24 | 39.1% | 18.1% | ||
| Q3 24 | 28.1% | 15.6% | ||
| Q2 24 | 31.4% | 18.4% | ||
| Q1 24 | 33.4% | 18.7% |
净利率ATORBA
| Q4 25 | 30.0% | 9.1% | ||
| Q3 25 | 23.7% | 8.7% | ||
| Q2 25 | 22.2% | 9.3% | ||
| Q1 25 | 24.9% | 10.2% | ||
| Q4 24 | 29.9% | 10.4% | ||
| Q3 24 | 20.4% | 7.8% | ||
| Q2 24 | 23.6% | 10.1% | ||
| Q1 24 | 26.2% | 10.1% |
每股收益（稀释后）ATORBA
| Q4 25 | $2.44 | $0.53 | ||
| Q3 25 | $1.04 | $0.43 | ||
| Q2 25 | $1.16 | $0.53 | ||
| Q1 25 | $3.03 | $0.55 | ||
| Q4 24 | $2.23 | $0.58 | ||
| Q3 24 | $0.82 | $0.36 | ||
| Q2 24 | $1.08 | $0.54 | ||
| Q1 24 | $2.85 | $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 | $367.0M | $531.5M |
| 总债务越低越好 | $9.6B | $2.3B |
| 股东权益账面价值 | $14.3B | $5.6B |
| 总资产 | $29.8B | $12.1B |
| 负债/权益比越低杠杆越低 | 0.67× | 0.42× |
8季度趋势，按日历期对齐
现金及短期投资ATORBA
| Q4 25 | $367.0M | $531.5M | ||
| Q3 25 | $202.7M | $674.7M | ||
| Q2 25 | $709.4M | $710.2M | ||
| Q1 25 | $543.5M | $578.1M | ||
| Q4 24 | $584.5M | $533.9M | ||
| Q3 24 | $307.3M | $650.7M | ||
| Q2 24 | $674.6M | $599.5M | ||
| Q1 24 | $262.5M | $462.8M |
总债务ATORBA
| Q4 25 | $9.6B | $2.3B | ||
| Q3 25 | $8.9B | $2.6B | ||
| Q2 25 | $8.9B | $2.6B | ||
| Q1 25 | $8.4B | $2.6B | ||
| Q4 24 | $8.4B | $2.6B | ||
| Q3 24 | $7.8B | $2.7B | ||
| Q2 24 | $7.8B | $2.8B | ||
| Q1 24 | $7.4B | $2.9B |
股东权益ATORBA
| Q4 25 | $14.3B | $5.6B | ||
| Q3 25 | $13.6B | $5.5B | ||
| Q2 25 | $13.4B | $5.5B | ||
| Q1 25 | $13.1B | $5.3B | ||
| Q4 24 | $12.8B | $5.2B | ||
| Q3 24 | $12.2B | $5.2B | ||
| Q2 24 | $12.2B | $5.2B | ||
| Q1 24 | $11.6B | $5.1B |
总资产ATORBA
| Q4 25 | $29.8B | $12.1B | ||
| Q3 25 | $28.2B | $12.2B | ||
| Q2 25 | $27.7B | $12.2B | ||
| Q1 25 | $27.0B | $11.9B | ||
| Q4 24 | $26.5B | $11.8B | ||
| Q3 24 | $25.2B | $11.9B | ||
| Q2 24 | $24.9B | $12.1B | ||
| Q1 24 | $24.0B | $12.0B |
负债/权益比ATORBA
| Q4 25 | 0.67× | 0.42× | ||
| Q3 25 | 0.66× | 0.47× | ||
| Q2 25 | 0.67× | 0.47× | ||
| Q1 25 | 0.64× | 0.50× | ||
| Q4 24 | 0.66× | 0.50× | ||
| Q3 24 | 0.64× | 0.52× | ||
| Q2 24 | 0.64× | 0.55× | ||
| Q1 24 | 0.64× | 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 | $308.1M | $255.2M |
| 自由现金流经营现金流 - 资本支出 | $-725.3M | $186.5M |
| 自由现金流率自由现金流/营收 | -54.0% | 15.5% |
| 资本支出强度资本支出/营收 | 77.0% | 5.7% |
| 现金转化率经营现金流/净利润 | 0.76× | 2.33× |
| 过去12个月自由现金流最近4个季度 | $-1.6B | $719.2M |
8季度趋势，按日历期对齐
经营现金流ATORBA
| Q4 25 | $308.1M | $255.2M | ||
| Q3 25 | $348.1M | $239.7M | ||
| Q2 25 | $496.4M | $326.5M | ||
| Q1 25 | $922.9M | $156.8M | ||
| Q4 24 | $282.0M | $184.5M | ||
| Q3 24 | $330.7M | $285.4M | ||
| Q2 24 | $411.2M | $337.3M | ||
| Q1 24 | $746.6M | $124.8M |
自由现金流ATORBA
| Q4 25 | $-725.3M | $186.5M | ||
| Q3 25 | $-615.5M | $188.5M | ||
| Q2 25 | $-370.6M | $241.7M | ||
| Q1 25 | $83.3M | $102.5M | ||
| Q4 24 | $-609.2M | $127.9M | ||
| Q3 24 | $-477.3M | $248.5M | ||
| Q2 24 | $-302.4M | $308.6M | ||
| Q1 24 | $100.7M | $79.6M |
自由现金流率ATORBA
| Q4 25 | -54.0% | 15.5% | ||
| Q3 25 | -83.5% | 17.3% | ||
| Q2 25 | -44.2% | 20.4% | ||
| Q1 25 | 4.3% | 9.2% | ||
| Q4 24 | -51.8% | 11.2% | ||
| Q3 24 | -72.5% | 25.3% | ||
| Q2 24 | -43.1% | 28.2% | ||
| Q1 24 | 6.1% | 7.5% |
资本支出强度ATORBA
| Q4 25 | 77.0% | 5.7% | ||
| Q3 25 | 130.7% | 4.7% | ||
| Q2 25 | 103.4% | 7.2% | ||
| Q1 25 | 43.0% | 4.9% | ||
| Q4 24 | 75.8% | 5.0% | ||
| Q3 24 | 122.8% | 3.8% | ||
| Q2 24 | 101.7% | 2.6% | ||
| Q1 24 | 39.2% | 4.2% |
现金转化率ATORBA
| Q4 25 | 0.76× | 2.33× | ||
| Q3 25 | 1.99× | 2.51× | ||
| Q2 25 | 2.66× | 2.97× | ||
| Q1 25 | 1.90× | 1.38× | ||
| Q4 24 | 0.80× | 1.56× | ||
| Q3 24 | 2.47× | 3.75× | ||
| Q2 24 | 2.48× | 3.04× | ||
| Q1 24 | 1.73× | 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
ATO
| Distribution Segment | $1.3B | 94% |
| Transportation Revenue | $41.5M | 3% |
| Other | $39.4M | 3% |
| Miscellaneous Revenue | $2.8M | 0% |
RBA
| Buyer Revenue | $577.2M | 48% |
| Seller Revenue | $255.2M | 21% |
| CA | $199.0M | 17% |
| Other | $124.7M | 10% |
| AU | $47.3M | 4% |
