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基华物流（CEVA）与READING INTERNATIONAL INC（RDI）财务数据对比。点击上方公司名可切换其他公司
READING INTERNATIONAL INC的季度营收约是基华物流的1.6倍（$50.3M vs $31.3M），基华物流净利率更高（-3.5% vs -5.1%，领先1.6%），基华物流同比增速更快（7.1% vs -14.2%），基华物流自由现金流更多（$7.2M vs $4.1M），过去两年基华物流的营收复合增速更高（19.1% vs 5.6%）
赛物流是一家全球物流与供应链企业，提供货运管理以及合约物流服务，2019年被达飞海运集团收购。收购完成后，达飞集团陆续将英格迈微商务生命周期服务、GEFCO等多家物流运输企业并入赛物流，助力其业务发展与规模扩张。
雷丁公司是总部位于美国费城的铁路企业，1924年起在宾夕法尼亚州东部及周边各州提供客运与货运运输服务，直至1976年被联合铁路公司收购。
CEVA vs RDI — 直观对比
营收规模更大
RDI
是对方的1.6倍
$31.3M
营收增速更快
CEVA
高出21.3%
-14.2%
净利率更高
CEVA
高出1.6%
-5.1%
自由现金流更多
CEVA
多$3.1M
$4.1M
两年增速更快
CEVA
近两年复合增速
5.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $31.3M | $50.3M |
| 净利润 | $-1.1M | $-2.6M |
| 毛利率 | 88.1% | — |
| 营业利润率 | -1.3% | -1.9% |
| 净利率 | -3.5% | -5.1% |
| 营收同比 | 7.1% | -14.2% |
| 净利润同比 | 36.8% | -14.5% |
| 每股收益（稀释后） | — | $-0.11 |
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CEVARDI
| Q4 25 | $31.3M | $50.3M | ||
| Q3 25 | $28.4M | $52.2M | ||
| Q2 25 | $25.7M | $60.4M | ||
| Q1 25 | $24.2M | $40.2M | ||
| Q4 24 | $29.2M | $58.6M | ||
| Q3 24 | $27.2M | $60.1M | ||
| Q2 24 | $28.4M | $46.8M | ||
| Q1 24 | $22.1M | $45.1M |
净利润CEVARDI
| Q4 25 | $-1.1M | $-2.6M | ||
| Q3 25 | $-2.5M | $-4.2M | ||
| Q2 25 | $-3.7M | $-2.7M | ||
| Q1 25 | $-3.3M | $-4.8M | ||
| Q4 24 | $-1.7M | $-2.2M | ||
| Q3 24 | $-1.3M | $-7.0M | ||
| Q2 24 | $-291.0K | $-12.8M | ||
| Q1 24 | $-5.4M | $-13.2M |
毛利率CEVARDI
| Q4 25 | 88.1% | — | ||
| Q3 25 | 88.0% | — | ||
| Q2 25 | 86.2% | — | ||
| Q1 25 | 85.6% | — | ||
| Q4 24 | 88.5% | — | ||
| Q3 24 | 85.4% | — | ||
| Q2 24 | 89.7% | — | ||
| Q1 24 | 88.7% | — |
营业利润率CEVARDI
| Q4 25 | -1.3% | -1.9% | ||
| Q3 25 | -7.3% | -0.6% | ||
| Q2 25 | -17.5% | 4.8% | ||
| Q1 25 | -18.1% | -17.2% | ||
| Q4 24 | 0.3% | 2.6% | ||
| Q3 24 | -9.6% | -0.6% | ||
| Q2 24 | -0.1% | -16.4% | ||
| Q1 24 | -22.5% | -16.7% |
净利率CEVARDI
| Q4 25 | -3.5% | -5.1% | ||
| Q3 25 | -8.8% | -8.0% | ||
| Q2 25 | -14.4% | -4.4% | ||
| Q1 25 | -13.7% | -11.8% | ||
| Q4 24 | -5.9% | -3.8% | ||
| Q3 24 | -4.8% | -11.7% | ||
| Q2 24 | -1.0% | -27.4% | ||
| Q1 24 | -24.7% | -29.4% |
每股收益（稀释后）CEVARDI
| Q4 25 | — | $-0.11 | ||
| Q3 25 | — | $-0.18 | ||
| Q2 25 | — | $-0.12 | ||
| Q1 25 | — | $-0.21 | ||
| Q4 24 | — | $-0.11 | ||
| Q3 24 | — | $-0.31 | ||
| Q2 24 | — | $-0.57 | ||
| Q1 24 | — | $-0.59 |
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 | $40.6M | $10.5M |
| 总债务越低越好 | — | $185.1M |
| 股东权益账面价值 | $336.5M | $-18.2M |
| 总资产 | $388.3M | $434.9M |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资CEVARDI
| Q4 25 | $40.6M | $10.5M | ||
| Q3 25 | $17.3M | $8.1M | ||
| Q2 25 | $29.1M | $9.1M | ||
| Q1 25 | $18.8M | $5.9M | ||
| Q4 24 | $18.8M | $12.4M | ||
| Q3 24 | $13.2M | $10.1M | ||
| Q2 24 | $25.0M | $9.3M | ||
| Q1 24 | $21.6M | $7.5M |
总债务CEVARDI
| Q4 25 | — | $185.1M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $202.7M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益CEVARDI
| Q4 25 | $336.5M | $-18.2M | ||
| Q3 25 | $268.7M | $-12.1M | ||
| Q2 25 | $265.9M | $-7.7M | ||
| Q1 25 | $269.1M | $-8.1M | ||
| Q4 24 | $266.6M | $-4.4M | ||
| Q3 24 | $265.8M | $1.6M | ||
| Q2 24 | $263.8M | $6.5M | ||
| Q1 24 | $262.3M | $18.0M |
总资产CEVARDI
| Q4 25 | $388.3M | $434.9M | ||
| Q3 25 | $306.0M | $435.2M | ||
| Q2 25 | $302.8M | $438.1M | ||
| Q1 25 | $310.0M | $441.0M | ||
| Q4 24 | $308.9M | $471.0M | ||
| Q3 24 | $304.9M | $495.7M | ||
| Q2 24 | $300.4M | $494.9M | ||
| Q1 24 | $301.4M | $494.9M |
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 | $8.7M | $4.3M |
| 自由现金流经营现金流 - 资本支出 | $7.2M | $4.1M |
| 自由现金流率自由现金流/营收 | 23.1% | 8.2% |
| 资本支出强度资本支出/营收 | 4.8% | 0.3% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $-6.3M | $-2.9M |
8季度趋势，按日历期对齐
经营现金流CEVARDI
| Q4 25 | $8.7M | $4.3M | ||
| Q3 25 | $-5.9M | $295.0K | ||
| Q2 25 | $1.2M | $1.6M | ||
| Q1 25 | $-7.4M | $-7.7M | ||
| Q4 24 | $8.0M | $8.0M | ||
| Q3 24 | $399.0K | $1.3M | ||
| Q2 24 | $2.4M | $-10.4M | ||
| Q1 24 | $-7.3M | $-2.8M |
自由现金流CEVARDI
| Q4 25 | $7.2M | $4.1M | ||
| Q3 25 | $-6.3M | $-246.0K | ||
| Q2 25 | $492.0K | $1.2M | ||
| Q1 25 | $-7.7M | $-8.0M | ||
| Q4 24 | $7.0M | $7.0M | ||
| Q3 24 | $-15.0K | $-1.1M | ||
| Q2 24 | $1.8M | $-10.6M | ||
| Q1 24 | $-8.3M | $-4.7M |
自由现金流率CEVARDI
| Q4 25 | 23.1% | 8.2% | ||
| Q3 25 | -22.1% | -0.5% | ||
| Q2 25 | 1.9% | 1.9% | ||
| Q1 25 | -31.8% | -19.8% | ||
| Q4 24 | 24.0% | 12.0% | ||
| Q3 24 | -0.1% | -1.8% | ||
| Q2 24 | 6.2% | -22.7% | ||
| Q1 24 | -37.4% | -10.4% |
资本支出强度CEVARDI
| Q4 25 | 4.8% | 0.3% | ||
| Q3 25 | 1.5% | 1.0% | ||
| Q2 25 | 2.7% | 0.6% | ||
| Q1 25 | 1.3% | 0.6% | ||
| Q4 24 | 3.5% | 1.7% | ||
| Q3 24 | 1.5% | 4.0% | ||
| Q2 24 | 2.1% | 0.5% | ||
| Q1 24 | 4.1% | 4.3% |
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
CEVA
| Transferred At Point In Time | $28.1M | 90% |
| Transferred Over Time | $3.2M | 10% |
RDI
| Cinema Exhibition Segment | $46.9M | 93% |
| Real Estate Revenue | $3.4M | 7% |
