vs
Brookdale Senior Living Inc.（BKD）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Brookdale Senior Living Inc.的1.6倍（$1.2B vs $754.1M），利氏兄弟拍卖行净利率更高（9.1% vs -5.3%，领先14.4%），利氏兄弟拍卖行同比增速更快（5.4% vs -3.4%），利氏兄弟拍卖行自由现金流更多（$186.5M vs $-29.1M），过去两年利氏兄弟拍卖行的营收复合增速更高（6.3% vs -1.9%）
布鲁克代尔老年生活公司成立于1978年，总部位于美国田纳西州布伦特伍德，是美国规模最大的老年住宅运营商，业务覆盖全美各地的养老社区，目前服务超过6万名入住老年人。
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。
BKD vs RBA — 直观对比
营收规模更大
RBA
是对方的1.6倍
$754.1M
营收增速更快
RBA
高出8.9%
-3.4%
净利率更高
RBA
高出14.4%
-5.3%
自由现金流更多
RBA
多$215.6M
$-29.1M
两年增速更快
RBA
近两年复合增速
-1.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $754.1M | $1.2B |
| 净利润 | $-40.0M | $109.7M |
| 毛利率 | 24.9% | — |
| 营业利润率 | 3.0% | 14.7% |
| 净利率 | -5.3% | 9.1% |
| 营收同比 | -3.4% | 5.4% |
| 净利润同比 | 52.4% | -7.4% |
| 每股收益（稀释后） | $-0.18 | $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BKDRBA
| Q4 25 | $754.1M | $1.2B | ||
| Q3 25 | $813.2M | $1.1B | ||
| Q2 25 | $812.9M | $1.2B | ||
| Q1 25 | $813.9M | $1.1B | ||
| Q4 24 | $780.9M | $1.1B | ||
| Q3 24 | $784.2M | $981.8M | ||
| Q2 24 | $777.5M | $1.1B | ||
| Q1 24 | $782.8M | $1.1B |
净利润BKDRBA
| Q4 25 | $-40.0M | $109.7M | ||
| Q3 25 | $-114.7M | $95.5M | ||
| Q2 25 | $-43.0M | $109.8M | ||
| Q1 25 | $-65.0M | $113.4M | ||
| Q4 24 | $-83.9M | $118.5M | ||
| Q3 24 | $-50.7M | $76.1M | ||
| Q2 24 | $-37.7M | $111.1M | ||
| Q1 24 | $-29.6M | $107.4M |
毛利率BKDRBA
| Q4 25 | 24.9% | — | ||
| Q3 25 | 25.9% | — | ||
| Q2 25 | 26.6% | — | ||
| Q1 25 | 27.4% | — | ||
| Q4 24 | 24.6% | — | ||
| Q3 24 | 25.3% | — | ||
| Q2 24 | 26.3% | — | ||
| Q1 24 | 26.1% | — |
营业利润率BKDRBA
| Q4 25 | 3.0% | 14.7% | ||
| Q3 25 | -6.6% | 14.5% | ||
| Q2 25 | 1.8% | 15.9% | ||
| Q1 25 | 3.6% | 17.1% | ||
| Q4 24 | -0.3% | 18.1% | ||
| Q3 24 | 1.3% | 15.6% | ||
| Q2 24 | 2.5% | 18.4% | ||
| Q1 24 | 2.5% | 18.7% |
净利率BKDRBA
| Q4 25 | -5.3% | 9.1% | ||
| Q3 25 | -14.1% | 8.7% | ||
| Q2 25 | -5.3% | 9.3% | ||
| Q1 25 | -8.0% | 10.2% | ||
| Q4 24 | -10.7% | 10.4% | ||
| Q3 24 | -6.5% | 7.8% | ||
| Q2 24 | -4.9% | 10.1% | ||
| Q1 24 | -3.8% | 10.1% |
每股收益（稀释后）BKDRBA
| Q4 25 | $-0.18 | $0.53 | ||
| Q3 25 | $-0.48 | $0.43 | ||
| Q2 25 | $-0.18 | $0.53 | ||
| Q1 25 | $-0.28 | $0.55 | ||
| Q4 24 | $-0.37 | $0.58 | ||
| Q3 24 | $-0.22 | $0.36 | ||
| Q2 24 | $-0.17 | $0.54 | ||
| Q1 24 | $-0.13 | $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 | $279.1M | $531.5M |
| 总债务越低越好 | $4.3B | $2.3B |
| 股东权益账面价值 | $-44.8M | $5.6B |
| 总资产 | $6.0B | $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BKDRBA
| Q4 25 | $279.1M | $531.5M | ||
| Q3 25 | $253.4M | $674.7M | ||
| Q2 25 | $251.9M | $710.2M | ||
| Q1 25 | $239.7M | $578.1M | ||
| Q4 24 | $328.8M | $533.9M | ||
| Q3 24 | $284.4M | $650.7M | ||
| Q2 24 | $309.7M | $599.5M | ||
| Q1 24 | $318.5M | $462.8M |
总债务BKDRBA
| Q4 25 | $4.3B | $2.3B | ||
| Q3 25 | $4.3B | $2.6B | ||
| Q2 25 | $4.3B | $2.6B | ||
| Q1 25 | $4.3B | $2.6B | ||
| Q4 24 | $4.1B | $2.6B | ||
| Q3 24 | $3.7B | $2.7B | ||
| Q2 24 | $3.7B | $2.8B | ||
| Q1 24 | $3.8B | $2.9B |
股东权益BKDRBA
| Q4 25 | $-44.8M | $5.6B | ||
| Q3 25 | $-6.7M | $5.5B | ||
| Q2 25 | $105.4M | $5.5B | ||
| Q1 25 | $146.7M | $5.3B | ||
| Q4 24 | $212.5M | $5.2B | ||
| Q3 24 | $292.9M | $5.2B | ||
| Q2 24 | $340.2M | $5.2B | ||
| Q1 24 | $374.0M | $5.1B |
总资产BKDRBA
| Q4 25 | $6.0B | $12.1B | ||
| Q3 25 | $6.0B | $12.2B | ||
| Q2 25 | $6.1B | $12.2B | ||
| Q1 25 | $6.2B | $11.9B | ||
| Q4 24 | $6.3B | $11.8B | ||
| Q3 24 | $5.9B | $11.9B | ||
| Q2 24 | $5.5B | $12.1B | ||
| Q1 24 | $5.5B | $12.0B |
负债/权益比BKDRBA
| Q4 25 | — | 0.42× | ||
| Q3 25 | — | 0.47× | ||
| Q2 25 | 40.72× | 0.47× | ||
| Q1 25 | 29.39× | 0.50× | ||
| Q4 24 | 19.12× | 0.50× | ||
| Q3 24 | 12.65× | 0.52× | ||
| Q2 24 | 10.99× | 0.55× | ||
| Q1 24 | 10.05× | 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 | $34.5M | $255.2M |
| 自由现金流经营现金流 - 资本支出 | $-29.1M | $186.5M |
| 自由现金流率自由现金流/营收 | -3.9% | 15.5% |
| 资本支出强度资本支出/营收 | 8.4% | 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 | $16.5M | $719.2M |
8季度趋势，按日历期对齐
经营现金流BKDRBA
| Q4 25 | $34.5M | $255.2M | ||
| Q3 25 | $76.5M | $239.7M | ||
| Q2 25 | $83.6M | $326.5M | ||
| Q1 25 | $23.4M | $156.8M | ||
| Q4 24 | $45.2M | $184.5M | ||
| Q3 24 | $66.5M | $285.4M | ||
| Q2 24 | $55.7M | $337.3M | ||
| Q1 24 | $-1.1M | $124.8M |
自由现金流BKDRBA
| Q4 25 | $-29.1M | $186.5M | ||
| Q3 25 | $34.9M | $188.5M | ||
| Q2 25 | $29.1M | $241.7M | ||
| Q1 25 | $-18.4M | $102.5M | ||
| Q4 24 | $-5.1M | $127.9M | ||
| Q3 24 | $11.5M | $248.5M | ||
| Q2 24 | $4.1M | $308.6M | ||
| Q1 24 | $-45.5M | $79.6M |
自由现金流率BKDRBA
| Q4 25 | -3.9% | 15.5% | ||
| Q3 25 | 4.3% | 17.3% | ||
| Q2 25 | 3.6% | 20.4% | ||
| Q1 25 | -2.3% | 9.2% | ||
| Q4 24 | -0.7% | 11.2% | ||
| Q3 24 | 1.5% | 25.3% | ||
| Q2 24 | 0.5% | 28.2% | ||
| Q1 24 | -5.8% | 7.5% |
资本支出强度BKDRBA
| Q4 25 | 8.4% | 5.7% | ||
| Q3 25 | 5.1% | 4.7% | ||
| Q2 25 | 6.7% | 7.2% | ||
| Q1 25 | 5.1% | 4.9% | ||
| Q4 24 | 6.4% | 5.0% | ||
| Q3 24 | 7.0% | 3.8% | ||
| Q2 24 | 6.6% | 2.6% | ||
| Q1 24 | 5.7% | 4.2% |
现金转化率BKDRBA
| Q4 25 | — | 2.33× | ||
| Q3 25 | — | 2.51× | ||
| Q2 25 | — | 2.97× | ||
| Q1 25 | — | 1.38× | ||
| Q4 24 | — | 1.56× | ||
| Q3 24 | — | 3.75× | ||
| Q2 24 | — | 3.04× | ||
| Q1 24 | — | 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
BKD
| Assisted Living And Memory Care | $506.7M | 67% |
| Independent Living | $121.6M | 16% |
| Ccrcs Rental | $86.3M | 11% |
| Reimbursement Costs Managed Communities | $36.7M | 5% |
| Management Service | $2.9M | 0% |
RBA
| Buyer Revenue | $577.2M | 48% |
| Seller Revenue | $255.2M | 21% |
| CA | $199.0M | 17% |
| Other | $124.7M | 10% |
| AU | $47.3M | 4% |
