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科慕（CC）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
科慕的季度营收约是利氏兄弟拍卖行的1.1倍（$1.3B vs $1.2B），利氏兄弟拍卖行净利率更高（9.1% vs -3.5%，领先12.6%），利氏兄弟拍卖行同比增速更快（5.4% vs -2.1%），利氏兄弟拍卖行自由现金流更多（$186.5M vs $92.0M），过去两年利氏兄弟拍卖行的营收复合增速更高（6.3% vs -1.2%）
科慕公司是一家美国化工企业，2015年7月从杜邦分拆成立，总部位于美国特拉华州威尔明顿。公司主营产品包括具备不粘特性的知名品牌特氟龙（聚四氟乙烯PTFE）、二氧化钛以及制冷剂气体，在特种化工领域拥有深厚的技术积累。
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。
CC vs RBA — 直观对比
营收规模更大
CC
是对方的1.1倍
$1.2B
营收增速更快
RBA
高出7.5%
-2.1%
净利率更高
RBA
高出12.6%
-3.5%
自由现金流更多
RBA
多$94.5M
$92.0M
两年增速更快
RBA
近两年复合增速
-1.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $1.2B |
| 净利润 | $-47.0M | $109.7M |
| 毛利率 | 11.7% | — |
| 营业利润率 | — | 14.7% |
| 净利率 | -3.5% | 9.1% |
| 营收同比 | -2.1% | 5.4% |
| 净利润同比 | -261.5% | -7.4% |
| 每股收益（稀释后） | $-0.32 | $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CCRBA
| Q4 25 | $1.3B | $1.2B | ||
| Q3 25 | $1.5B | $1.1B | ||
| Q2 25 | $1.6B | $1.2B | ||
| Q1 25 | $1.4B | $1.1B | ||
| Q4 24 | $1.4B | $1.1B | ||
| Q3 24 | $1.5B | $981.8M | ||
| Q2 24 | $1.6B | $1.1B | ||
| Q1 24 | $1.4B | $1.1B |
净利润CCRBA
| Q4 25 | $-47.0M | $109.7M | ||
| Q3 25 | $46.0M | $95.5M | ||
| Q2 25 | $-380.0M | $109.8M | ||
| Q1 25 | $-5.0M | $113.4M | ||
| Q4 24 | $-13.0M | $118.5M | ||
| Q3 24 | $-32.0M | $76.1M | ||
| Q2 24 | $60.0M | $111.1M | ||
| Q1 24 | $54.0M | $107.4M |
毛利率CCRBA
| Q4 25 | 11.7% | — | ||
| Q3 25 | 15.6% | — | ||
| Q2 25 | 17.2% | — | ||
| Q1 25 | 17.3% | — | ||
| Q4 24 | 19.4% | — | ||
| Q3 24 | 19.0% | — | ||
| Q2 24 | 19.8% | — | ||
| Q1 24 | 20.9% | — |
营业利润率CCRBA
| Q4 25 | — | 14.7% | ||
| Q3 25 | 2.5% | 14.5% | ||
| Q2 25 | -15.4% | 15.9% | ||
| Q1 25 | — | 17.1% | ||
| Q4 24 | -0.1% | 18.1% | ||
| Q3 24 | -2.1% | 15.6% | ||
| Q2 24 | 4.4% | 18.4% | ||
| Q1 24 | 5.1% | 18.7% |
净利率CCRBA
| Q4 25 | -3.5% | 9.1% | ||
| Q3 25 | 3.1% | 8.7% | ||
| Q2 25 | -23.5% | 9.3% | ||
| Q1 25 | -0.4% | 10.2% | ||
| Q4 24 | -1.0% | 10.4% | ||
| Q3 24 | -2.1% | 7.8% | ||
| Q2 24 | 3.9% | 10.1% | ||
| Q1 24 | 4.0% | 10.1% |
每股收益（稀释后）CCRBA
| Q4 25 | $-0.32 | $0.53 | ||
| Q3 25 | $0.31 | $0.43 | ||
| Q2 25 | $-2.53 | $0.53 | ||
| Q1 25 | $-0.03 | $0.55 | ||
| Q4 24 | $-0.07 | $0.58 | ||
| Q3 24 | $-0.22 | $0.36 | ||
| Q2 24 | $0.39 | $0.54 | ||
| Q1 24 | $0.36 | $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 | $670.0M | $531.5M |
| 总债务越低越好 | $4.1B | $2.3B |
| 股东权益账面价值 | $250.0M | $5.6B |
| 总资产 | $7.4B | $12.1B |
| 负债/权益比越低杠杆越低 | 16.40× | 0.42× |
8季度趋势，按日历期对齐
现金及短期投资CCRBA
| Q4 25 | $670.0M | $531.5M | ||
| Q3 25 | $613.0M | $674.7M | ||
| Q2 25 | $502.0M | $710.2M | ||
| Q1 25 | $464.0M | $578.1M | ||
| Q4 24 | $713.0M | $533.9M | ||
| Q3 24 | $596.0M | $650.7M | ||
| Q2 24 | $604.0M | $599.5M | ||
| Q1 24 | $746.0M | $462.8M |
总债务CCRBA
| Q4 25 | $4.1B | $2.3B | ||
| Q3 25 | $4.1B | $2.6B | ||
| Q2 25 | $4.1B | $2.6B | ||
| Q1 25 | $4.1B | $2.6B | ||
| Q4 24 | $4.1B | $2.6B | ||
| Q3 24 | $4.0B | $2.7B | ||
| Q2 24 | $4.0B | $2.8B | ||
| Q1 24 | $4.0B | $2.9B |
股东权益CCRBA
| Q4 25 | $250.0M | $5.6B | ||
| Q3 25 | $274.0M | $5.5B | ||
| Q2 25 | $228.0M | $5.5B | ||
| Q1 25 | $566.0M | $5.3B | ||
| Q4 24 | $571.0M | $5.2B | ||
| Q3 24 | $643.0M | $5.2B | ||
| Q2 24 | $714.0M | $5.2B | ||
| Q1 24 | $753.0M | $5.1B |
总资产CCRBA
| Q4 25 | $7.4B | $12.1B | ||
| Q3 25 | $7.5B | $12.2B | ||
| Q2 25 | $7.5B | $12.2B | ||
| Q1 25 | $7.4B | $11.9B | ||
| Q4 24 | $7.5B | $11.8B | ||
| Q3 24 | $7.5B | $11.9B | ||
| Q2 24 | $7.2B | $12.1B | ||
| Q1 24 | $8.0B | $12.0B |
负债/权益比CCRBA
| Q4 25 | 16.40× | 0.42× | ||
| Q3 25 | 14.96× | 0.47× | ||
| Q2 25 | 17.99× | 0.47× | ||
| Q1 25 | 7.18× | 0.50× | ||
| Q4 24 | 7.11× | 0.50× | ||
| Q3 24 | 6.20× | 0.52× | ||
| Q2 24 | 5.53× | 0.55× | ||
| Q1 24 | 5.27× | 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 | $137.0M | $255.2M |
| 自由现金流经营现金流 - 资本支出 | $92.0M | $186.5M |
| 自由现金流率自由现金流/营收 | 6.9% | 15.5% |
| 资本支出强度资本支出/营收 | 3.4% | 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 | $51.0M | $719.2M |
8季度趋势，按日历期对齐
经营现金流CCRBA
| Q4 25 | $137.0M | $255.2M | ||
| Q3 25 | $146.0M | $239.7M | ||
| Q2 25 | $93.0M | $326.5M | ||
| Q1 25 | $-112.0M | $156.8M | ||
| Q4 24 | $138.0M | $184.5M | ||
| Q3 24 | $139.0M | $285.4M | ||
| Q2 24 | $-620.0M | $337.3M | ||
| Q1 24 | $-290.0M | $124.8M |
自由现金流CCRBA
| Q4 25 | $92.0M | $186.5M | ||
| Q3 25 | $105.0M | $188.5M | ||
| Q2 25 | $50.0M | $241.7M | ||
| Q1 25 | $-196.0M | $102.5M | ||
| Q4 24 | $29.0M | $127.9M | ||
| Q3 24 | $63.0M | $248.5M | ||
| Q2 24 | $-693.0M | $308.6M | ||
| Q1 24 | $-392.0M | $79.6M |
自由现金流率CCRBA
| Q4 25 | 6.9% | 15.5% | ||
| Q3 25 | 7.0% | 17.3% | ||
| Q2 25 | 3.1% | 20.4% | ||
| Q1 25 | -14.3% | 9.2% | ||
| Q4 24 | 2.1% | 11.2% | ||
| Q3 24 | 4.2% | 25.3% | ||
| Q2 24 | -44.6% | 28.2% | ||
| Q1 24 | -28.8% | 7.5% |
资本支出强度CCRBA
| Q4 25 | 3.4% | 5.7% | ||
| Q3 25 | 2.7% | 4.7% | ||
| Q2 25 | 2.7% | 7.2% | ||
| Q1 25 | 6.1% | 4.9% | ||
| Q4 24 | 8.0% | 5.0% | ||
| Q3 24 | 5.0% | 3.8% | ||
| Q2 24 | 4.7% | 2.6% | ||
| Q1 24 | 7.5% | 4.2% |
现金转化率CCRBA
| Q4 25 | — | 2.33× | ||
| Q3 25 | 3.17× | 2.51× | ||
| Q2 25 | — | 2.97× | ||
| Q1 25 | — | 1.38× | ||
| Q4 24 | — | 1.56× | ||
| Q3 24 | — | 3.75× | ||
| Q2 24 | -10.33× | 3.04× | ||
| Q1 24 | -5.37× | 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
CC
| Titanium Technologies | $563.0M | 42% |
| Thermal And Specialized Solutions | $443.0M | 33% |
| Advanced Performance Materials | $312.0M | 23% |
| Other Non-Reportable Segment | $12.0M | 1% |
RBA
| Buyer Revenue | $577.2M | 48% |
| Seller Revenue | $255.2M | 21% |
| CA | $199.0M | 17% |
| Other | $124.7M | 10% |
| AU | $47.3M | 4% |
