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卡博特（CBT）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卡博特的1.4倍（$1.2B vs $849.0M），利氏兄弟拍卖行净利率更高（9.1% vs 8.6%，领先0.5%），利氏兄弟拍卖行同比增速更快（5.4% vs -11.1%），利氏兄弟拍卖行自由现金流更多（$186.5M vs $57.0M），过去两年利氏兄弟拍卖行的营收复合增速更高（6.3% vs -8.7%）
卡博特公司是总部位于美国马萨诸塞州波士顿的特种化学品和高性能材料企业，业务覆盖全球20多个国家，拥有36座生产工厂、8个研发中心及28个销售办事处，在特种材料领域具备全球领先的技术和服务能力。
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。
CBT vs RBA — 直观对比
营收规模更大
RBA
是对方的1.4倍
$849.0M
营收增速更快
RBA
高出16.5%
-11.1%
净利率更高
RBA
高出0.5%
8.6%
自由现金流更多
RBA
多$129.5M
$57.0M
两年增速更快
RBA
近两年复合增速
-8.7%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $849.0M | $1.2B |
| 净利润 | $73.0M | $109.7M |
| 毛利率 | 24.9% | — |
| 营业利润率 | 15.2% | 14.7% |
| 净利率 | 8.6% | 9.1% |
| 营收同比 | -11.1% | 5.4% |
| 净利润同比 | -21.5% | -7.4% |
| 每股收益（稀释后） | $1.37 | $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CBTRBA
| Q4 25 | $849.0M | $1.2B | ||
| Q3 25 | $899.0M | $1.1B | ||
| Q2 25 | $923.0M | $1.2B | ||
| Q1 25 | $936.0M | $1.1B | ||
| Q4 24 | $955.0M | $1.1B | ||
| Q3 24 | $1.0B | $981.8M | ||
| Q2 24 | $1.0B | $1.1B | ||
| Q1 24 | $1.0B | $1.1B |
净利润CBTRBA
| Q4 25 | $73.0M | $109.7M | ||
| Q3 25 | $43.0M | $95.5M | ||
| Q2 25 | $101.0M | $109.8M | ||
| Q1 25 | $94.0M | $113.4M | ||
| Q4 24 | $93.0M | $118.5M | ||
| Q3 24 | $137.0M | $76.1M | ||
| Q2 24 | $109.0M | $111.1M | ||
| Q1 24 | $84.0M | $107.4M |
毛利率CBTRBA
| Q4 25 | 24.9% | — | ||
| Q3 25 | 24.5% | — | ||
| Q2 25 | 26.4% | — | ||
| Q1 25 | 25.7% | — | ||
| Q4 24 | 24.6% | — | ||
| Q3 24 | 24.0% | — | ||
| Q2 24 | 25.2% | — | ||
| Q1 24 | 24.1% | — |
营业利润率CBTRBA
| Q4 25 | 15.2% | 14.7% | ||
| Q3 25 | 15.2% | 14.5% | ||
| Q2 25 | 18.1% | 15.9% | ||
| Q1 25 | 17.3% | 17.1% | ||
| Q4 24 | 16.2% | 18.1% | ||
| Q3 24 | 15.0% | 15.6% | ||
| Q2 24 | 16.9% | 18.4% | ||
| Q1 24 | 15.3% | 18.7% |
净利率CBTRBA
| Q4 25 | 8.6% | 9.1% | ||
| Q3 25 | 4.8% | 8.7% | ||
| Q2 25 | 10.9% | 9.3% | ||
| Q1 25 | 10.0% | 10.2% | ||
| Q4 24 | 9.7% | 10.4% | ||
| Q3 24 | 13.7% | 7.8% | ||
| Q2 24 | 10.7% | 10.1% | ||
| Q1 24 | 8.2% | 10.1% |
每股收益（稀释后）CBTRBA
| Q4 25 | $1.37 | $0.53 | ||
| Q3 25 | $0.80 | $0.43 | ||
| Q2 25 | $1.86 | $0.53 | ||
| Q1 25 | $1.69 | $0.55 | ||
| Q4 24 | $1.67 | $0.58 | ||
| Q3 24 | $2.41 | $0.36 | ||
| Q2 24 | $1.94 | $0.54 | ||
| Q1 24 | $1.49 | $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 | $230.0M | $531.5M |
| 总债务越低越好 | — | $2.3B |
| 股东权益账面价值 | $1.6B | $5.6B |
| 总资产 | $3.8B | $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CBTRBA
| Q4 25 | $230.0M | $531.5M | ||
| Q3 25 | $258.0M | $674.7M | ||
| Q2 25 | $239.0M | $710.2M | ||
| Q1 25 | $213.0M | $578.1M | ||
| Q4 24 | $183.0M | $533.9M | ||
| Q3 24 | $223.0M | $650.7M | ||
| Q2 24 | $197.0M | $599.5M | ||
| Q1 24 | $206.0M | $462.8M |
总债务CBTRBA
| Q4 25 | — | $2.3B | ||
| Q3 25 | $1.1B | $2.6B | ||
| Q2 25 | — | $2.6B | ||
| Q1 25 | — | $2.6B | ||
| Q4 24 | — | $2.6B | ||
| Q3 24 | $1.1B | $2.7B | ||
| Q2 24 | — | $2.8B | ||
| Q1 24 | — | $2.9B |
股东权益CBTRBA
| Q4 25 | $1.6B | $5.6B | ||
| Q3 25 | $1.6B | $5.5B | ||
| Q2 25 | $1.5B | $5.5B | ||
| Q1 25 | $1.4B | $5.3B | ||
| Q4 24 | $1.4B | $5.2B | ||
| Q3 24 | $1.4B | $5.2B | ||
| Q2 24 | $1.3B | $5.2B | ||
| Q1 24 | $1.4B | $5.1B |
总资产CBTRBA
| Q4 25 | $3.8B | $12.1B | ||
| Q3 25 | $3.8B | $12.2B | ||
| Q2 25 | $3.8B | $12.2B | ||
| Q1 25 | $3.8B | $11.9B | ||
| Q4 24 | $3.6B | $11.8B | ||
| Q3 24 | $3.7B | $11.9B | ||
| Q2 24 | $3.6B | $12.1B | ||
| Q1 24 | $3.6B | $12.0B |
负债/权益比CBTRBA
| Q4 25 | — | 0.42× | ||
| Q3 25 | 0.70× | 0.47× | ||
| Q2 25 | — | 0.47× | ||
| Q1 25 | — | 0.50× | ||
| Q4 24 | — | 0.50× | ||
| Q3 24 | 0.75× | 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 | $126.0M | $255.2M |
| 自由现金流经营现金流 - 资本支出 | $57.0M | $186.5M |
| 自由现金流率自由现金流/营收 | 6.7% | 15.5% |
| 资本支出强度资本支出/营收 | 8.1% | 5.7% |
| 现金转化率经营现金流/净利润 | 1.73× | 2.33× |
| 过去12个月自由现金流最近4个季度 | $401.0M | $719.2M |
8季度趋势，按日历期对齐
经营现金流CBTRBA
| Q4 25 | $126.0M | $255.2M | ||
| Q3 25 | $219.0M | $239.7M | ||
| Q2 25 | $249.0M | $326.5M | ||
| Q1 25 | $73.0M | $156.8M | ||
| Q4 24 | $124.0M | $184.5M | ||
| Q3 24 | $204.0M | $285.4M | ||
| Q2 24 | $207.0M | $337.3M | ||
| Q1 24 | $176.0M | $124.8M |
自由现金流CBTRBA
| Q4 25 | $57.0M | $186.5M | ||
| Q3 25 | $155.0M | $188.5M | ||
| Q2 25 | $188.0M | $241.7M | ||
| Q1 25 | $1.0M | $102.5M | ||
| Q4 24 | $47.0M | $127.9M | ||
| Q3 24 | $112.0M | $248.5M | ||
| Q2 24 | $155.0M | $308.6M | ||
| Q1 24 | $133.0M | $79.6M |
自由现金流率CBTRBA
| Q4 25 | 6.7% | 15.5% | ||
| Q3 25 | 17.2% | 17.3% | ||
| Q2 25 | 20.4% | 20.4% | ||
| Q1 25 | 0.1% | 9.2% | ||
| Q4 24 | 4.9% | 11.2% | ||
| Q3 24 | 11.2% | 25.3% | ||
| Q2 24 | 15.3% | 28.2% | ||
| Q1 24 | 13.1% | 7.5% |
资本支出强度CBTRBA
| Q4 25 | 8.1% | 5.7% | ||
| Q3 25 | 7.1% | 4.7% | ||
| Q2 25 | 6.6% | 7.2% | ||
| Q1 25 | 7.7% | 4.9% | ||
| Q4 24 | 8.1% | 5.0% | ||
| Q3 24 | 9.2% | 3.8% | ||
| Q2 24 | 5.1% | 2.6% | ||
| Q1 24 | 4.2% | 4.2% |
现金转化率CBTRBA
| Q4 25 | 1.73× | 2.33× | ||
| Q3 25 | 5.09× | 2.51× | ||
| Q2 25 | 2.47× | 2.97× | ||
| Q1 25 | 0.78× | 1.38× | ||
| Q4 24 | 1.33× | 1.56× | ||
| Q3 24 | 1.49× | 3.75× | ||
| Q2 24 | 1.90× | 3.04× | ||
| Q1 24 | 2.10× | 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
CBT
| Reinforcement Materials | $520.0M | 61% |
| Performance Chemicals | $300.0M | 35% |
| Shipping And Handling | $25.0M | 3% |
| Other Products And Services | $4.0M | 0% |
RBA
| Buyer Revenue | $577.2M | 48% |
| Seller Revenue | $255.2M | 21% |
| CA | $199.0M | 17% |
| Other | $124.7M | 10% |
| AU | $47.3M | 4% |
