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Calumet, Inc.（CLMT）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Calumet, Inc.的1.2倍（$1.2B vs $1.0B），利氏兄弟拍卖行净利率更高（9.1% vs -3.6%，领先12.7%），利氏兄弟拍卖行自由现金流更多（$186.5M vs $103.8M）
Calumet是总部位于美国的特种产品企业，专注于生产和分销高价值碳氢化合物与特种化学品，产品覆盖特种油、润滑剂、蜡制品及可再生燃料解决方案，服务北美及全球的工业、消费、交通等下游领域。
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。
CLMT vs RBA — 直观对比
营收规模更大
RBA
是对方的1.2倍
$1.0B
净利率更高
RBA
高出12.7%
-3.6%
自由现金流更多
RBA
多$82.7M
$103.8M
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.0B | $1.2B |
| 净利润 | $-37.3M | $109.7M |
| 毛利率 | -0.3% | — |
| 营业利润率 | -6.2% | 14.7% |
| 净利率 | -3.6% | 9.1% |
| 营收同比 | — | 5.4% |
| 净利润同比 | — | -7.4% |
| 每股收益（稀释后） | $-0.43 | $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CLMTRBA
| Q4 25 | $1.0B | $1.2B | ||
| Q3 25 | $1.1B | $1.1B | ||
| Q2 25 | $1.0B | $1.2B | ||
| Q1 25 | $993.9M | $1.1B | ||
| Q4 24 | — | $1.1B | ||
| Q3 24 | $1.1B | $981.8M | ||
| Q2 24 | $1.1B | $1.1B | ||
| Q1 24 | — | $1.1B |
净利润CLMTRBA
| Q4 25 | $-37.3M | $109.7M | ||
| Q3 25 | $313.4M | $95.5M | ||
| Q2 25 | $-147.9M | $109.8M | ||
| Q1 25 | $-162.0M | $113.4M | ||
| Q4 24 | — | $118.5M | ||
| Q3 24 | $-100.6M | $76.1M | ||
| Q2 24 | $-39.1M | $111.1M | ||
| Q1 24 | — | $107.4M |
毛利率CLMTRBA
| Q4 25 | -0.3% | — | ||
| Q3 25 | 34.7% | — | ||
| Q2 25 | -4.2% | — | ||
| Q1 25 | -8.2% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.4% | — | ||
| Q2 24 | 5.6% | — | ||
| Q1 24 | — | — |
营业利润率CLMTRBA
| Q4 25 | -6.2% | 14.7% | ||
| Q3 25 | 30.0% | 14.5% | ||
| Q2 25 | -9.8% | 15.9% | ||
| Q1 25 | -4.9% | 17.1% | ||
| Q4 24 | — | 18.1% | ||
| Q3 24 | -5.2% | 15.6% | ||
| Q2 24 | 0.5% | 18.4% | ||
| Q1 24 | — | 18.7% |
净利率CLMTRBA
| Q4 25 | -3.6% | 9.1% | ||
| Q3 25 | 29.1% | 8.7% | ||
| Q2 25 | -14.4% | 9.3% | ||
| Q1 25 | -16.3% | 10.2% | ||
| Q4 24 | — | 10.4% | ||
| Q3 24 | -9.1% | 7.8% | ||
| Q2 24 | -3.4% | 10.1% | ||
| Q1 24 | — | 10.1% |
每股收益（稀释后）CLMTRBA
| Q4 25 | $-0.43 | $0.53 | ||
| Q3 25 | $3.61 | $0.43 | ||
| Q2 25 | $-1.70 | $0.53 | ||
| Q1 25 | $-1.87 | $0.55 | ||
| Q4 24 | — | $0.58 | ||
| Q3 24 | $-1.18 | $0.36 | ||
| Q2 24 | $-0.48 | $0.54 | ||
| Q1 24 | — | $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 | $125.1M | $531.5M |
| 总债务越低越好 | $2.1B | $2.3B |
| 股东权益账面价值 | $-732.7M | $5.6B |
| 总资产 | $2.7B | $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CLMTRBA
| Q4 25 | $125.1M | $531.5M | ||
| Q3 25 | $94.6M | $674.7M | ||
| Q2 25 | $110.6M | $710.2M | ||
| Q1 25 | $123.4M | $578.1M | ||
| Q4 24 | — | $533.9M | ||
| Q3 24 | $34.6M | $650.7M | ||
| Q2 24 | $7.0M | $599.5M | ||
| Q1 24 | — | $462.8M |
总债务CLMTRBA
| Q4 25 | $2.1B | $2.3B | ||
| Q3 25 | $2.1B | $2.6B | ||
| Q2 25 | $2.1B | $2.6B | ||
| Q1 25 | $2.3B | $2.6B | ||
| Q4 24 | — | $2.6B | ||
| Q3 24 | $1.7B | $2.7B | ||
| Q2 24 | — | $2.8B | ||
| Q1 24 | — | $2.9B |
股东权益CLMTRBA
| Q4 25 | $-732.7M | $5.6B | ||
| Q3 25 | $-695.3M | $5.5B | ||
| Q2 25 | $-1.0B | $5.5B | ||
| Q1 25 | $-862.3M | $5.3B | ||
| Q4 24 | — | $5.2B | ||
| Q3 24 | $-672.2M | $5.2B | ||
| Q2 24 | $-566.4M | $5.2B | ||
| Q1 24 | — | $5.1B |
总资产CLMTRBA
| Q4 25 | $2.7B | $12.1B | ||
| Q3 25 | $2.7B | $12.2B | ||
| Q2 25 | $2.8B | $12.2B | ||
| Q1 25 | $2.8B | $11.9B | ||
| Q4 24 | — | $11.8B | ||
| Q3 24 | $2.6B | $11.9B | ||
| Q2 24 | $100 | $12.1B | ||
| Q1 24 | — | $12.0B |
负债/权益比CLMTRBA
| 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 | $116.5M | $255.2M |
| 自由现金流经营现金流 - 资本支出 | $103.8M | $186.5M |
| 自由现金流率自由现金流/营收 | 10.0% | 15.5% |
| 资本支出强度资本支出/营收 | 1.2% | 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 | $56.6M | $719.2M |
8季度趋势，按日历期对齐
经营现金流CLMTRBA
| Q4 25 | $116.5M | $255.2M | ||
| Q3 25 | $23.5M | $239.7M | ||
| Q2 25 | $-1.8M | $326.5M | ||
| Q1 25 | $-29.3M | $156.8M | ||
| Q4 24 | — | $184.5M | ||
| Q3 24 | $-15.5M | $285.4M | ||
| Q2 24 | — | $337.3M | ||
| Q1 24 | — | $124.8M |
自由现金流CLMTRBA
| Q4 25 | $103.8M | $186.5M | ||
| Q3 25 | $15.1M | $188.5M | ||
| Q2 25 | $-15.4M | $241.7M | ||
| Q1 25 | $-46.9M | $102.5M | ||
| Q4 24 | — | $127.9M | ||
| Q3 24 | $-32.2M | $248.5M | ||
| Q2 24 | — | $308.6M | ||
| Q1 24 | — | $79.6M |
自由现金流率CLMTRBA
| Q4 25 | 10.0% | 15.5% | ||
| Q3 25 | 1.4% | 17.3% | ||
| Q2 25 | -1.5% | 20.4% | ||
| Q1 25 | -4.7% | 9.2% | ||
| Q4 24 | — | 11.2% | ||
| Q3 24 | -2.9% | 25.3% | ||
| Q2 24 | — | 28.2% | ||
| Q1 24 | — | 7.5% |
资本支出强度CLMTRBA
| Q4 25 | 1.2% | 5.7% | ||
| Q3 25 | 0.8% | 4.7% | ||
| Q2 25 | 1.3% | 7.2% | ||
| Q1 25 | 1.8% | 4.9% | ||
| Q4 24 | — | 5.0% | ||
| Q3 24 | 1.5% | 3.8% | ||
| Q2 24 | 2.2% | 2.6% | ||
| Q1 24 | — | 4.2% |
现金转化率CLMTRBA
| Q4 25 | — | 2.33× | ||
| Q3 25 | 0.07× | 2.51× | ||
| Q2 25 | — | 2.97× | ||
| Q1 25 | — | 1.38× | ||
| Q4 24 | — | 1.56× | ||
| Q3 24 | — | 3.75× | ||
| Q2 24 | — | 3.04× | ||
| Q1 24 | — | 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
CLMT
| Specialty Products And Solutions | $675.9M | 65% |
| Montana Renewables | $294.2M | 28% |
| Performance Brands | $68.5M | 7% |
RBA
| Buyer Revenue | $577.2M | 48% |
| Seller Revenue | $255.2M | 21% |
| CA | $199.0M | 17% |
| Other | $124.7M | 10% |
| AU | $47.3M | 4% |
