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BRIGHT HORIZONS FAMILY SOLUTIONS INC.（BFAM）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BRIGHT HORIZONS FAMILY SOLUTIONS INC.的1.6倍（$1.2B vs $733.7M），BRIGHT HORIZONS FAMILY SOLUTIONS INC.同比增速更快（8.8% vs 5.4%），BRIGHT HORIZONS FAMILY SOLUTIONS INC.自由现金流更多（$258.5M vs $186.5M），过去两年BRIGHT HORIZONS FAMILY SOLUTIONS INC.的营收复合增速更高（8.5% vs 6.3%）
Bright Horizons Family Solutions总部位于美国马萨诸塞州牛顿市，是美国规模最大的雇主赞助育儿服务运营商，除核心育儿服务外，还提供备用育儿、老人照护、学费项目管理、教育咨询、学生贷款偿还方案等多元服务，覆盖企业员工福利及教育支持领域。
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。
BFAM vs RBA — 直观对比
营收规模更大
RBA
是对方的1.6倍
$733.7M
营收增速更快
BFAM
高出3.4%
5.4%
自由现金流更多
BFAM
多$72.0M
$186.5M
两年增速更快
BFAM
近两年复合增速
6.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $733.7M | $1.2B |
| 净利润 | — | $109.7M |
| 毛利率 | 19.3% | — |
| 营业利润率 | 6.2% | 14.7% |
| 净利率 | — | 9.1% |
| 营收同比 | 8.8% | 5.4% |
| 净利润同比 | — | -7.4% |
| 每股收益（稀释后） | $0.38 | $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BFAMRBA
| Q4 25 | $733.7M | $1.2B | ||
| Q3 25 | $802.8M | $1.1B | ||
| Q2 25 | $731.6M | $1.2B | ||
| Q1 25 | $665.5M | $1.1B | ||
| Q4 24 | $674.1M | $1.1B | ||
| Q3 24 | $719.1M | $981.8M | ||
| Q2 24 | $670.1M | $1.1B | ||
| Q1 24 | $622.7M | $1.1B |
净利润BFAMRBA
| Q4 25 | — | $109.7M | ||
| Q3 25 | $78.6M | $95.5M | ||
| Q2 25 | $54.8M | $109.8M | ||
| Q1 25 | $38.0M | $113.4M | ||
| Q4 24 | — | $118.5M | ||
| Q3 24 | $54.9M | $76.1M | ||
| Q2 24 | $39.2M | $111.1M | ||
| Q1 24 | $17.0M | $107.4M |
毛利率BFAMRBA
| Q4 25 | 19.3% | — | ||
| Q3 25 | 27.0% | — | ||
| Q2 25 | 25.0% | — | ||
| Q1 25 | 23.4% | — | ||
| Q4 24 | 20.8% | — | ||
| Q3 24 | 25.2% | — | ||
| Q2 24 | 24.2% | — | ||
| Q1 24 | 21.7% | — |
营业利润率BFAMRBA
| Q4 25 | 6.2% | 14.7% | ||
| Q3 25 | 15.1% | 14.5% | ||
| Q2 25 | 11.8% | 15.9% | ||
| Q1 25 | 9.4% | 17.1% | ||
| Q4 24 | 7.2% | 18.1% | ||
| Q3 24 | 12.4% | 15.6% | ||
| Q2 24 | 10.3% | 18.4% | ||
| Q1 24 | 6.4% | 18.7% |
净利率BFAMRBA
| Q4 25 | — | 9.1% | ||
| Q3 25 | 9.8% | 8.7% | ||
| Q2 25 | 7.5% | 9.3% | ||
| Q1 25 | 5.7% | 10.2% | ||
| Q4 24 | — | 10.4% | ||
| Q3 24 | 7.6% | 7.8% | ||
| Q2 24 | 5.8% | 10.1% | ||
| Q1 24 | 2.7% | 10.1% |
每股收益（稀释后）BFAMRBA
| Q4 25 | $0.38 | $0.53 | ||
| Q3 25 | $1.37 | $0.43 | ||
| Q2 25 | $0.95 | $0.53 | ||
| Q1 25 | $0.66 | $0.55 | ||
| Q4 24 | $0.50 | $0.58 | ||
| Q3 24 | $0.94 | $0.36 | ||
| Q2 24 | $0.67 | $0.54 | ||
| Q1 24 | $0.29 | $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 | $140.1M | $531.5M |
| 总债务越低越好 | $747.6M | $2.3B |
| 股东权益账面价值 | $1.3B | $5.6B |
| 总资产 | $3.9B | $12.1B |
| 负债/权益比越低杠杆越低 | 0.56× | 0.42× |
8季度趋势，按日历期对齐
现金及短期投资BFAMRBA
| Q4 25 | $140.1M | $531.5M | ||
| Q3 25 | $116.6M | $674.7M | ||
| Q2 25 | $179.2M | $710.2M | ||
| Q1 25 | $112.0M | $578.1M | ||
| Q4 24 | $110.3M | $533.9M | ||
| Q3 24 | $109.9M | $650.7M | ||
| Q2 24 | $140.2M | $599.5M | ||
| Q1 24 | $63.7M | $462.8M |
总债务BFAMRBA
| Q4 25 | $747.6M | $2.3B | ||
| Q3 25 | $747.5M | $2.6B | ||
| Q2 25 | $797.0M | $2.6B | ||
| Q1 25 | $872.7M | $2.6B | ||
| Q4 24 | $918.4M | $2.6B | ||
| Q3 24 | $925.7M | $2.7B | ||
| Q2 24 | $931.9M | $2.8B | ||
| Q1 24 | $938.1M | $2.9B |
股东权益BFAMRBA
| Q4 25 | $1.3B | $5.6B | ||
| Q3 25 | $1.4B | $5.5B | ||
| Q2 25 | $1.4B | $5.5B | ||
| Q1 25 | $1.3B | $5.3B | ||
| Q4 24 | $1.3B | $5.2B | ||
| Q3 24 | $1.4B | $5.2B | ||
| Q2 24 | $1.3B | $5.2B | ||
| Q1 24 | $1.2B | $5.1B |
总资产BFAMRBA
| Q4 25 | $3.9B | $12.1B | ||
| Q3 25 | $3.9B | $12.2B | ||
| Q2 25 | $3.9B | $12.2B | ||
| Q1 25 | $3.8B | $11.9B | ||
| Q4 24 | $3.9B | $11.8B | ||
| Q3 24 | $3.9B | $11.9B | ||
| Q2 24 | $3.8B | $12.1B | ||
| Q1 24 | $3.8B | $12.0B |
负债/权益比BFAMRBA
| Q4 25 | 0.56× | 0.42× | ||
| Q3 25 | 0.52× | 0.47× | ||
| Q2 25 | 0.57× | 0.47× | ||
| Q1 25 | 0.66× | 0.50× | ||
| Q4 24 | 0.72× | 0.50× | ||
| Q3 24 | 0.66× | 0.52× | ||
| Q2 24 | 0.73× | 0.55× | ||
| Q1 24 | 0.76× | 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 | $350.7M | $255.2M |
| 自由现金流经营现金流 - 资本支出 | $258.5M | $186.5M |
| 自由现金流率自由现金流/营收 | 35.2% | 15.5% |
| 资本支出强度资本支出/营收 | 12.6% | 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 | $402.4M | $719.2M |
8季度趋势，按日历期对齐
经营现金流BFAMRBA
| Q4 25 | $350.7M | $255.2M | ||
| Q3 25 | $-17.6M | $239.7M | ||
| Q2 25 | $134.2M | $326.5M | ||
| Q1 25 | $86.2M | $156.8M | ||
| Q4 24 | $337.5M | $184.5M | ||
| Q3 24 | $-8.9M | $285.4M | ||
| Q2 24 | $109.4M | $337.3M | ||
| Q1 24 | $116.3M | $124.8M |
自由现金流BFAMRBA
| Q4 25 | $258.5M | $186.5M | ||
| Q3 25 | $-42.4M | $188.5M | ||
| Q2 25 | $115.4M | $241.7M | ||
| Q1 25 | $70.9M | $102.5M | ||
| Q4 24 | $240.2M | $127.9M | ||
| Q3 24 | $-32.2M | $248.5M | ||
| Q2 24 | $86.8M | $308.6M | ||
| Q1 24 | $96.9M | $79.6M |
自由现金流率BFAMRBA
| Q4 25 | 35.2% | 15.5% | ||
| Q3 25 | -5.3% | 17.3% | ||
| Q2 25 | 15.8% | 20.4% | ||
| Q1 25 | 10.7% | 9.2% | ||
| Q4 24 | 35.6% | 11.2% | ||
| Q3 24 | -4.5% | 25.3% | ||
| Q2 24 | 13.0% | 28.2% | ||
| Q1 24 | 15.6% | 7.5% |
资本支出强度BFAMRBA
| Q4 25 | 12.6% | 5.7% | ||
| Q3 25 | 3.1% | 4.7% | ||
| Q2 25 | 2.6% | 7.2% | ||
| Q1 25 | 2.3% | 4.9% | ||
| Q4 24 | 14.4% | 5.0% | ||
| Q3 24 | 3.2% | 3.8% | ||
| Q2 24 | 3.4% | 2.6% | ||
| Q1 24 | 3.1% | 4.2% |
现金转化率BFAMRBA
| Q4 25 | — | 2.33× | ||
| Q3 25 | -0.22× | 2.51× | ||
| Q2 25 | 2.45× | 2.97× | ||
| Q1 25 | 2.26× | 1.38× | ||
| Q4 24 | — | 1.56× | ||
| Q3 24 | -0.16× | 3.75× | ||
| Q2 24 | 2.79× | 3.04× | ||
| Q1 24 | 6.85× | 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
BFAM
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% |
