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CAL-MAINE FOODS INC（CALM）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CAL-MAINE FOODS INC的1.6倍（$1.2B vs $769.5M），CAL-MAINE FOODS INC净利率更高（13.4% vs 9.1%，领先4.2%），利氏兄弟拍卖行同比增速更快（5.4% vs -19.4%），利氏兄弟拍卖行自由现金流更多（$186.5M vs $47.9M），过去两年CAL-MAINE FOODS INC的营收复合增速更高（29.4% vs 6.3%）
卡尔梅恩食品公司是总部位于美国密西西比州里奇兰的鲜蛋生产商，截至2024年是美国规模最大的蛋品企业。公司旗下拥有Egg-Land's Best、Land O'Lakes等多个知名蛋品品牌，1957年由弗雷德·R·亚当斯二世创立，亚当斯家族持有企业控股权，目前在纳斯达克挂牌上市。
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。
CALM vs RBA — 直观对比
营收规模更大
RBA
是对方的1.6倍
$769.5M
营收增速更快
RBA
高出24.8%
-19.4%
净利率更高
CALM
高出4.2%
9.1%
自由现金流更多
RBA
多$138.6M
$47.9M
两年增速更快
CALM
近两年复合增速
6.3%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $769.5M | $1.2B |
| 净利润 | $102.8M | $109.7M |
| 毛利率 | 27.0% | — |
| 营业利润率 | 16.1% | 14.7% |
| 净利率 | 13.4% | 9.1% |
| 营收同比 | -19.4% | 5.4% |
| 净利润同比 | -53.1% | -7.4% |
| 每股收益（稀释后） | $2.13 | $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CALMRBA
| Q4 25 | $769.5M | $1.2B | ||
| Q3 25 | $922.6M | $1.1B | ||
| Q2 25 | — | $1.2B | ||
| Q1 25 | $1.4B | $1.1B | ||
| Q4 24 | $954.7M | $1.1B | ||
| Q3 24 | $785.9M | $981.8M | ||
| Q2 24 | — | $1.1B | ||
| Q1 24 | $703.1M | $1.1B |
净利润CALMRBA
| Q4 25 | $102.8M | $109.7M | ||
| Q3 25 | $199.3M | $95.5M | ||
| Q2 25 | — | $109.8M | ||
| Q1 25 | $508.5M | $113.4M | ||
| Q4 24 | $219.1M | $118.5M | ||
| Q3 24 | $150.0M | $76.1M | ||
| Q2 24 | — | $111.1M | ||
| Q1 24 | $146.7M | $107.4M |
毛利率CALMRBA
| Q4 25 | 27.0% | — | ||
| Q3 25 | 33.7% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 50.5% | — | ||
| Q4 24 | 37.3% | — | ||
| Q3 24 | 31.5% | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 31.1% | — |
营业利润率CALMRBA
| Q4 25 | 16.1% | 14.7% | ||
| Q3 25 | 27.0% | 14.5% | ||
| Q2 25 | — | 15.9% | ||
| Q1 25 | 44.8% | 17.1% | ||
| Q4 24 | 29.1% | 18.1% | ||
| Q3 24 | 23.8% | 15.6% | ||
| Q2 24 | — | 18.4% | ||
| Q1 24 | 23.2% | 18.7% |
净利率CALMRBA
| Q4 25 | 13.4% | 9.1% | ||
| Q3 25 | 21.6% | 8.7% | ||
| Q2 25 | — | 9.3% | ||
| Q1 25 | 35.9% | 10.2% | ||
| Q4 24 | 22.9% | 10.4% | ||
| Q3 24 | 19.1% | 7.8% | ||
| Q2 24 | — | 10.1% | ||
| Q1 24 | 20.9% | 10.1% |
每股收益（稀释后）CALMRBA
| Q4 25 | $2.13 | $0.53 | ||
| Q3 25 | $4.12 | $0.43 | ||
| Q2 25 | — | $0.53 | ||
| Q1 25 | $10.38 | $0.55 | ||
| Q4 24 | $4.47 | $0.58 | ||
| Q3 24 | $3.06 | $0.36 | ||
| Q2 24 | — | $0.54 | ||
| Q1 24 | $3.00 | $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 | $369.4M | $531.5M |
| 总债务越低越好 | — | $2.3B |
| 股东权益账面价值 | $2.7B | $5.6B |
| 总资产 | $3.1B | $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CALMRBA
| Q4 25 | $369.4M | $531.5M | ||
| Q3 25 | $251.9M | $674.7M | ||
| Q2 25 | — | $710.2M | ||
| Q1 25 | $497.2M | $578.1M | ||
| Q4 24 | $140.3M | $533.9M | ||
| Q3 24 | $181.7M | $650.7M | ||
| Q2 24 | — | $599.5M | ||
| Q1 24 | $367.1M | $462.8M |
总债务CALMRBA
| Q4 25 | — | $2.3B | ||
| Q3 25 | — | $2.6B | ||
| Q2 25 | — | $2.6B | ||
| Q1 25 | — | $2.6B | ||
| Q4 24 | — | $2.6B | ||
| Q3 24 | — | $2.7B | ||
| Q2 24 | — | $2.8B | ||
| Q1 24 | — | $2.9B |
股东权益CALMRBA
| Q4 25 | $2.7B | $5.6B | ||
| Q3 25 | $2.7B | $5.5B | ||
| Q2 25 | — | $5.5B | ||
| Q1 25 | $2.4B | $5.3B | ||
| Q4 24 | $2.0B | $5.2B | ||
| Q3 24 | $1.9B | $5.2B | ||
| Q2 24 | — | $5.2B | ||
| Q1 24 | $1.7B | $5.1B |
总资产CALMRBA
| Q4 25 | $3.1B | $12.1B | ||
| Q3 25 | $3.2B | $12.2B | ||
| Q2 25 | — | $12.2B | ||
| Q1 25 | $3.1B | $11.9B | ||
| Q4 24 | $2.5B | $11.8B | ||
| Q3 24 | $2.4B | $11.9B | ||
| Q2 24 | — | $12.1B | ||
| Q1 24 | $2.1B | $12.0B |
负债/权益比CALMRBA
| Q4 25 | — | 0.42× | ||
| Q3 25 | — | 0.47× | ||
| Q2 25 | — | 0.47× | ||
| Q1 25 | — | 0.50× | ||
| Q4 24 | — | 0.50× | ||
| Q3 24 | — | 0.52× | ||
| Q2 24 | — | 0.55× | ||
| Q1 24 | — | 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 | $94.8M | $255.2M |
| 自由现金流经营现金流 - 资本支出 | $47.9M | $186.5M |
| 自由现金流率自由现金流/营收 | 6.2% | 15.5% |
| 资本支出强度资本支出/营收 | 6.1% | 5.7% |
| 现金转化率经营现金流/净利润 | 0.92× | 2.33× |
| 过去12个月自由现金流最近4个季度 | $895.9M | $719.2M |
8季度趋势，按日历期对齐
经营现金流CALMRBA
| Q4 25 | $94.8M | $255.2M | ||
| Q3 25 | $278.6M | $239.7M | ||
| Q2 25 | — | $326.5M | ||
| Q1 25 | $571.6M | $156.8M | ||
| Q4 24 | $122.7M | $184.5M | ||
| Q3 24 | $117.5M | $285.4M | ||
| Q2 24 | — | $337.3M | ||
| Q1 24 | $164.0M | $124.8M |
自由现金流CALMRBA
| Q4 25 | $47.9M | $186.5M | ||
| Q3 25 | $233.3M | $188.5M | ||
| Q2 25 | — | $241.7M | ||
| Q1 25 | $521.8M | $102.5M | ||
| Q4 24 | $92.9M | $127.9M | ||
| Q3 24 | $81.7M | $248.5M | ||
| Q2 24 | — | $308.6M | ||
| Q1 24 | $133.8M | $79.6M |
自由现金流率CALMRBA
| Q4 25 | 6.2% | 15.5% | ||
| Q3 25 | 25.3% | 17.3% | ||
| Q2 25 | — | 20.4% | ||
| Q1 25 | 36.8% | 9.2% | ||
| Q4 24 | 9.7% | 11.2% | ||
| Q3 24 | 10.4% | 25.3% | ||
| Q2 24 | — | 28.2% | ||
| Q1 24 | 19.0% | 7.5% |
资本支出强度CALMRBA
| Q4 25 | 6.1% | 5.7% | ||
| Q3 25 | 4.9% | 4.7% | ||
| Q2 25 | — | 7.2% | ||
| Q1 25 | 3.5% | 4.9% | ||
| Q4 24 | 3.1% | 5.0% | ||
| Q3 24 | 4.6% | 3.8% | ||
| Q2 24 | — | 2.6% | ||
| Q1 24 | 4.3% | 4.2% |
现金转化率CALMRBA
| Q4 25 | 0.92× | 2.33× | ||
| Q3 25 | 1.40× | 2.51× | ||
| Q2 25 | — | 2.97× | ||
| Q1 25 | 1.12× | 1.38× | ||
| Q4 24 | 0.56× | 1.56× | ||
| Q3 24 | 0.78× | 3.75× | ||
| Q2 24 | — | 3.04× | ||
| Q1 24 | 1.12× | 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
CALM
| Retail | $625.4M | 81% |
| Prepared Foods | $71.7M | 9% |
| Egg Products | $34.5M | 4% |
| Service Other | $19.2M | 2% |
| Other | $13.8M | 2% |
RBA
| Buyer Revenue | $577.2M | 48% |
| Seller Revenue | $255.2M | 21% |
| CA | $199.0M | 17% |
| Other | $124.7M | 10% |
| AU | $47.3M | 4% |
