vs
Chefs' Warehouse, Inc.（CHEF）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Chefs' Warehouse, Inc.的1.1倍（$1.2B vs $1.1B），利氏兄弟拍卖行净利率更高（9.1% vs 1.6%，领先7.5%），Chefs' Warehouse, Inc.同比增速更快（11.4% vs 5.4%），过去两年利氏兄弟拍卖行的营收复合增速更高（6.3% vs 5.3%）
Chefs' Warehouse, Inc. 是一家北美专业食品分销商，服务对象包括独立餐厅、高端餐饮场所、酒店、餐饮服务商等食品服务运营商，供应超15万种精选产品，涵盖手工食材、特色肉类、海鲜、乳制品、进口高端美食等，适配专业厨师的使用需求。
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。
CHEF vs RBA — 直观对比
营收规模更大
RBA
是对方的1.1倍
$1.1B
营收增速更快
CHEF
高出6.0%
5.4%
净利率更高
RBA
高出7.5%
1.6%
两年增速更快
RBA
近两年复合增速
5.3%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $1.2B |
| 净利润 | $17.4M | $109.7M |
| 毛利率 | 24.3% | — |
| 营业利润率 | 3.1% | 14.7% |
| 净利率 | 1.6% | 9.1% |
| 营收同比 | 11.4% | 5.4% |
| 净利润同比 | 68.8% | -7.4% |
| 每股收益（稀释后） | $0.40 | $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CHEFRBA
| Q1 26 | $1.1B | — | ||
| Q4 25 | $1.1B | $1.2B | ||
| Q3 25 | $1.0B | $1.1B | ||
| Q2 25 | $1.0B | $1.2B | ||
| Q1 25 | $950.7M | $1.1B | ||
| Q4 24 | $1.0B | $1.1B | ||
| Q3 24 | $931.5M | $981.8M | ||
| Q2 24 | $954.7M | $1.1B |
净利润CHEFRBA
| Q1 26 | $17.4M | — | ||
| Q4 25 | $21.7M | $109.7M | ||
| Q3 25 | $19.1M | $95.5M | ||
| Q2 25 | $21.2M | $109.8M | ||
| Q1 25 | $10.3M | $113.4M | ||
| Q4 24 | $23.9M | $118.5M | ||
| Q3 24 | $14.1M | $76.1M | ||
| Q2 24 | $15.5M | $111.1M |
毛利率CHEFRBA
| Q1 26 | 24.3% | — | ||
| Q4 25 | 24.2% | — | ||
| Q3 25 | 24.2% | — | ||
| Q2 25 | 24.6% | — | ||
| Q1 25 | 23.8% | — | ||
| Q4 24 | 24.3% | — | ||
| Q3 24 | 24.1% | — | ||
| Q2 24 | 24.0% | — |
营业利润率CHEFRBA
| Q1 26 | 3.1% | — | ||
| Q4 25 | 3.8% | 14.7% | ||
| Q3 25 | 3.8% | 14.5% | ||
| Q2 25 | 3.9% | 15.9% | ||
| Q1 25 | 2.4% | 17.1% | ||
| Q4 24 | 4.5% | 18.1% | ||
| Q3 24 | 3.4% | 15.6% | ||
| Q2 24 | 3.5% | 18.4% |
净利率CHEFRBA
| Q1 26 | 1.6% | — | ||
| Q4 25 | 1.9% | 9.1% | ||
| Q3 25 | 1.9% | 8.7% | ||
| Q2 25 | 2.1% | 9.3% | ||
| Q1 25 | 1.1% | 10.2% | ||
| Q4 24 | 2.3% | 10.4% | ||
| Q3 24 | 1.5% | 7.8% | ||
| Q2 24 | 1.6% | 10.1% |
每股收益（稀释后）CHEFRBA
| Q1 26 | $0.40 | — | ||
| Q4 25 | $0.50 | $0.53 | ||
| Q3 25 | $0.44 | $0.43 | ||
| Q2 25 | $0.49 | $0.53 | ||
| Q1 25 | $0.25 | $0.55 | ||
| Q4 24 | $0.56 | $0.58 | ||
| Q3 24 | $0.34 | $0.36 | ||
| Q2 24 | $0.37 | $0.54 |
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 | $122.7M | $531.5M |
| 总债务越低越好 | $750.4M | $2.3B |
| 股东权益账面价值 | $608.6M | $5.6B |
| 总资产 | $2.0B | $12.1B |
| 负债/权益比越低杠杆越低 | 1.23× | 0.42× |
8季度趋势，按日历期对齐
现金及短期投资CHEFRBA
| Q1 26 | $122.7M | — | ||
| Q4 25 | $121.0M | $531.5M | ||
| Q3 25 | $65.1M | $674.7M | ||
| Q2 25 | $96.9M | $710.2M | ||
| Q1 25 | $116.5M | $578.1M | ||
| Q4 24 | $114.7M | $533.9M | ||
| Q3 24 | $50.7M | $650.7M | ||
| Q2 24 | $38.3M | $599.5M |
总债务CHEFRBA
| Q1 26 | $750.4M | — | ||
| Q4 25 | $720.3M | $2.3B | ||
| Q3 25 | $711.7M | $2.6B | ||
| Q2 25 | $690.2M | $2.6B | ||
| Q1 25 | $681.1M | $2.6B | ||
| Q4 24 | $688.7M | $2.6B | ||
| Q3 24 | $666.6M | $2.7B | ||
| Q2 24 | $660.8M | $2.8B |
股东权益CHEFRBA
| Q1 26 | $608.6M | — | ||
| Q4 25 | $604.3M | $5.6B | ||
| Q3 25 | $576.6M | $5.5B | ||
| Q2 25 | $557.7M | $5.5B | ||
| Q1 25 | $541.6M | $5.3B | ||
| Q4 24 | $537.6M | $5.2B | ||
| Q3 24 | $480.3M | $5.2B | ||
| Q2 24 | $461.9M | $5.2B |
总资产CHEFRBA
| Q1 26 | $2.0B | — | ||
| Q4 25 | $2.0B | $12.1B | ||
| Q3 25 | $1.9B | $12.2B | ||
| Q2 25 | $1.9B | $12.2B | ||
| Q1 25 | $1.8B | $11.9B | ||
| Q4 24 | $1.9B | $11.8B | ||
| Q3 24 | $1.8B | $11.9B | ||
| Q2 24 | $1.7B | $12.1B |
负债/权益比CHEFRBA
| Q1 26 | 1.23× | — | ||
| Q4 25 | 1.19× | 0.42× | ||
| Q3 25 | 1.23× | 0.47× | ||
| Q2 25 | 1.24× | 0.47× | ||
| Q1 25 | 1.26× | 0.50× | ||
| Q4 24 | 1.28× | 0.50× | ||
| Q3 24 | 1.39× | 0.52× | ||
| Q2 24 | 1.43× | 0.55× |
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 | $38.3M | $255.2M |
| 自由现金流经营现金流 - 资本支出 | — | $186.5M |
| 自由现金流率自由现金流/营收 | — | 15.5% |
| 资本支出强度资本支出/营收 | 0.7% | 5.7% |
| 现金转化率经营现金流/净利润 | 2.20× | 2.33× |
| 过去12个月自由现金流最近4个季度 | — | $719.2M |
8季度趋势，按日历期对齐
经营现金流CHEFRBA
| Q1 26 | $38.3M | — | ||
| Q4 25 | $73.9M | $255.2M | ||
| Q3 25 | $-8.7M | $239.7M | ||
| Q2 25 | $14.5M | $326.5M | ||
| Q1 25 | $49.6M | $156.8M | ||
| Q4 24 | $73.0M | $184.5M | ||
| Q3 24 | $19.8M | $285.4M | ||
| Q2 24 | $29.3M | $337.3M |
自由现金流CHEFRBA
| Q1 26 | — | — | ||
| Q4 25 | $65.8M | $186.5M | ||
| Q3 25 | $-19.7M | $188.5M | ||
| Q2 25 | $4.5M | $241.7M | ||
| Q1 25 | $37.2M | $102.5M | ||
| Q4 24 | $64.6M | $127.9M | ||
| Q3 24 | $11.8M | $248.5M | ||
| Q2 24 | $13.3M | $308.6M |
自由现金流率CHEFRBA
| Q1 26 | — | — | ||
| Q4 25 | 5.8% | 15.5% | ||
| Q3 25 | -1.9% | 17.3% | ||
| Q2 25 | 0.4% | 20.4% | ||
| Q1 25 | 3.9% | 9.2% | ||
| Q4 24 | 6.3% | 11.2% | ||
| Q3 24 | 1.3% | 25.3% | ||
| Q2 24 | 1.4% | 28.2% |
资本支出强度CHEFRBA
| Q1 26 | 0.7% | — | ||
| Q4 25 | 0.7% | 5.7% | ||
| Q3 25 | 1.1% | 4.7% | ||
| Q2 25 | 1.0% | 7.2% | ||
| Q1 25 | 1.3% | 4.9% | ||
| Q4 24 | 0.8% | 5.0% | ||
| Q3 24 | 0.9% | 3.8% | ||
| Q2 24 | 1.7% | 2.6% |
现金转化率CHEFRBA
| Q1 26 | 2.20× | — | ||
| Q4 25 | 3.41× | 2.33× | ||
| Q3 25 | -0.46× | 2.51× | ||
| Q2 25 | 0.68× | 2.97× | ||
| Q1 25 | 4.82× | 1.38× | ||
| Q4 24 | 3.05× | 1.56× | ||
| Q3 24 | 1.41× | 3.75× | ||
| Q2 24 | 1.89× | 3.04× |
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
CHEF
暂无分部数据
RBA
| Buyer Revenue | $577.2M | 48% |
| Seller Revenue | $255.2M | 21% |
| CA | $199.0M | 17% |
| Other | $124.7M | 10% |
| AU | $47.3M | 4% |
