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AvalonBay Communities（AVB）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AvalonBay Communities的1.6倍（$1.2B vs $767.9M），AvalonBay Communities净利率更高（9040.6% vs 9.1%，领先9031.5%），利氏兄弟拍卖行同比增速更快（5.4% vs 3.7%），AvalonBay Communities自由现金流更多（$1.4B 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 3.8%）
AvalonBay Communities是一家公开上市的房地产投资信托（REIT），核心业务聚焦公寓类不动产的投资与运营，旗下持有并管理大量区位优质的公寓项目，为租户提供高品质居住服务，在北美住宅地产投资领域拥有较高知名度。
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。
AVB vs RBA — 直观对比
营收规模更大
RBA
是对方的1.6倍
$767.9M
营收增速更快
RBA
高出1.7%
3.7%
净利率更高
AVB
高出9031.5%
9.1%
自由现金流更多
AVB
多$1.2B
$186.5M
两年增速更快
RBA
近两年复合增速
3.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $767.9M | $1.2B |
| 净利润 | $166.0M | $109.7M |
| 毛利率 | — | — |
| 营业利润率 | 64.2% | 14.7% |
| 净利率 | 9040.6% | 9.1% |
| 营收同比 | 3.7% | 5.4% |
| 净利润同比 | -41.2% | -7.4% |
| 每股收益（稀释后） | $1.18 | $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AVBRBA
| Q4 25 | $767.9M | $1.2B | ||
| Q3 25 | $766.8M | $1.1B | ||
| Q2 25 | $760.2M | $1.2B | ||
| Q1 25 | $745.9M | $1.1B | ||
| Q4 24 | $740.5M | $1.1B | ||
| Q3 24 | $734.3M | $981.8M | ||
| Q2 24 | $726.0M | $1.1B | ||
| Q1 24 | $712.9M | $1.1B |
净利润AVBRBA
| Q4 25 | $166.0M | $109.7M | ||
| Q3 25 | $381.3M | $95.5M | ||
| Q2 25 | $268.7M | $109.8M | ||
| Q1 25 | $236.6M | $113.4M | ||
| Q4 24 | $282.1M | $118.5M | ||
| Q3 24 | $372.5M | $76.1M | ||
| Q2 24 | $253.9M | $111.1M | ||
| Q1 24 | $173.4M | $107.4M |
营业利润率AVBRBA
| Q4 25 | 64.2% | 14.7% | ||
| Q3 25 | 65.7% | 14.5% | ||
| Q2 25 | 67.6% | 15.9% | ||
| Q1 25 | 68.5% | 17.1% | ||
| Q4 24 | 63.1% | 18.1% | ||
| Q3 24 | 65.4% | 15.6% | ||
| Q2 24 | 66.6% | 18.4% | ||
| Q1 24 | 67.2% | 18.7% |
净利率AVBRBA
| Q4 25 | 9040.6% | 9.1% | ||
| Q3 25 | 49.7% | 8.7% | ||
| Q2 25 | 35.3% | 9.3% | ||
| Q1 25 | 31.7% | 10.2% | ||
| Q4 24 | 38.1% | 10.4% | ||
| Q3 24 | 50.7% | 7.8% | ||
| Q2 24 | 35.0% | 10.1% | ||
| Q1 24 | 24.3% | 10.1% |
每股收益（稀释后）AVBRBA
| Q4 25 | $1.18 | $0.53 | ||
| Q3 25 | $2.68 | $0.43 | ||
| Q2 25 | $1.88 | $0.53 | ||
| Q1 25 | $1.66 | $0.55 | ||
| Q4 24 | $1.99 | $0.58 | ||
| Q3 24 | $2.61 | $0.36 | ||
| Q2 24 | $1.78 | $0.54 | ||
| Q1 24 | $1.22 | $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 | $187.2M | $531.5M |
| 总债务越低越好 | $9.3B | $2.3B |
| 股东权益账面价值 | $11.6B | $5.6B |
| 总资产 | $22.2B | $12.1B |
| 负债/权益比越低杠杆越低 | 0.80× | 0.42× |
8季度趋势，按日历期对齐
现金及短期投资AVBRBA
| Q4 25 | $187.2M | $531.5M | ||
| Q3 25 | $123.3M | $674.7M | ||
| Q2 25 | $102.8M | $710.2M | ||
| Q1 25 | $53.3M | $578.1M | ||
| Q4 24 | $108.6M | $533.9M | ||
| Q3 24 | $552.4M | $650.7M | ||
| Q2 24 | $545.8M | $599.5M | ||
| Q1 24 | $287.9M | $462.8M |
总债务AVBRBA
| Q4 25 | $9.3B | $2.3B | ||
| Q3 25 | $8.7B | $2.6B | ||
| Q2 25 | $8.7B | $2.6B | ||
| Q1 25 | $8.3B | $2.6B | ||
| Q4 24 | $8.1B | $2.6B | ||
| Q3 24 | $8.4B | $2.7B | ||
| Q2 24 | $8.4B | $2.8B | ||
| Q1 24 | $8.0B | $2.9B |
股东权益AVBRBA
| Q4 25 | $11.6B | $5.6B | ||
| Q3 25 | $11.9B | $5.5B | ||
| Q2 25 | $11.9B | $5.5B | ||
| Q1 25 | $11.9B | $5.3B | ||
| Q4 24 | $11.9B | $5.2B | ||
| Q3 24 | $11.9B | $5.2B | ||
| Q2 24 | $11.7B | $5.2B | ||
| Q1 24 | $11.7B | $5.1B |
总资产AVBRBA
| Q4 25 | $22.2B | $12.1B | ||
| Q3 25 | $21.9B | $12.2B | ||
| Q2 25 | $21.8B | $12.2B | ||
| Q1 25 | $21.2B | $11.9B | ||
| Q4 24 | $21.0B | $11.8B | ||
| Q3 24 | $21.3B | $11.9B | ||
| Q2 24 | $21.0B | $12.1B | ||
| Q1 24 | $20.6B | $12.0B |
负债/权益比AVBRBA
| Q4 25 | 0.80× | 0.42× | ||
| Q3 25 | 0.73× | 0.47× | ||
| Q2 25 | 0.72× | 0.47× | ||
| Q1 25 | 0.70× | 0.50× | ||
| Q4 24 | 0.68× | 0.50× | ||
| Q3 24 | 0.70× | 0.52× | ||
| Q2 24 | 0.71× | 0.55× | ||
| Q1 24 | 0.68× | 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 | $1.7B | $255.2M |
| 自由现金流经营现金流 - 资本支出 | $1.4B | $186.5M |
| 自由现金流率自由现金流/营收 | 183.5% | 15.5% |
| 资本支出强度资本支出/营收 | 34.1% | 5.7% |
| 现金转化率经营现金流/净利润 | 10.07× | 2.33× |
| 过去12个月自由现金流最近4个季度 | $2.5B | $719.2M |
8季度趋势，按日历期对齐
经营现金流AVBRBA
| Q4 25 | $1.7B | $255.2M | ||
| Q3 25 | $477.0M | $239.7M | ||
| Q2 25 | $377.8M | $326.5M | ||
| Q1 25 | $415.9M | $156.8M | ||
| Q4 24 | $1.6B | $184.5M | ||
| Q3 24 | $486.2M | $285.4M | ||
| Q2 24 | $380.0M | $337.3M | ||
| Q1 24 | $412.9M | $124.8M |
自由现金流AVBRBA
| Q4 25 | $1.4B | $186.5M | ||
| Q3 25 | $402.2M | $188.5M | ||
| Q2 25 | $317.1M | $241.7M | ||
| Q1 25 | $367.5M | $102.5M | ||
| Q4 24 | $1.4B | $127.9M | ||
| Q3 24 | $434.2M | $248.5M | ||
| Q2 24 | $333.0M | $308.6M | ||
| Q1 24 | $375.4M | $79.6M |
自由现金流率AVBRBA
| Q4 25 | 183.5% | 15.5% | ||
| Q3 25 | 52.5% | 17.3% | ||
| Q2 25 | 41.7% | 20.4% | ||
| Q1 25 | 49.3% | 9.2% | ||
| Q4 24 | 191.0% | 11.2% | ||
| Q3 24 | 59.1% | 25.3% | ||
| Q2 24 | 45.9% | 28.2% | ||
| Q1 24 | 52.7% | 7.5% |
资本支出强度AVBRBA
| Q4 25 | 34.1% | 5.7% | ||
| Q3 25 | 9.8% | 4.7% | ||
| Q2 25 | 8.0% | 7.2% | ||
| Q1 25 | 6.5% | 4.9% | ||
| Q4 24 | 26.1% | 5.0% | ||
| Q3 24 | 7.1% | 3.8% | ||
| Q2 24 | 6.5% | 2.6% | ||
| Q1 24 | 5.3% | 4.2% |
现金转化率AVBRBA
| Q4 25 | 10.07× | 2.33× | ||
| Q3 25 | 1.25× | 2.51× | ||
| Q2 25 | 1.41× | 2.97× | ||
| Q1 25 | 1.76× | 1.38× | ||
| Q4 24 | 5.70× | 1.56× | ||
| Q3 24 | 1.31× | 3.75× | ||
| Q2 24 | 1.50× | 3.04× | ||
| Q1 24 | 2.38× | 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
AVB
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% |
