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PC CONNECTION INC（CNXN）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PC CONNECTION INC的1.7倍（$1.2B vs $721.9M），利氏兄弟拍卖行净利率更高（9.1% vs 2.4%，领先6.7%），利氏兄弟拍卖行同比增速更快（5.4% vs 3.0%），过去两年利氏兄弟拍卖行的营收复合增速更高（6.3% vs -1.0%）
PC Connection Inc.（商用名称为Connection）总部位于美国新罕布什尔州梅里马克，现有员工超2600人，在售产品超过46万种，是一家深耕IT相关产品供应与服务的企业，为不同客户群体提供多元的产品选择与配套支持。
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。
CNXN vs RBA — 直观对比
营收规模更大
RBA
是对方的1.7倍
$721.9M
营收增速更快
RBA
高出2.4%
3.0%
净利率更高
RBA
高出6.7%
2.4%
两年增速更快
RBA
近两年复合增速
-1.0%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $721.9M | $1.2B |
| 净利润 | $17.2M | $109.7M |
| 毛利率 | 18.4% | — |
| 营业利润率 | 2.8% | 14.7% |
| 净利率 | 2.4% | 9.1% |
| 营收同比 | 3.0% | 5.4% |
| 净利润同比 | 27.8% | -7.4% |
| 每股收益（稀释后） | $0.68 | $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CNXNRBA
| Q1 26 | $721.9M | — | ||
| Q4 25 | $702.9M | $1.2B | ||
| Q3 25 | $709.1M | $1.1B | ||
| Q2 25 | $759.7M | $1.2B | ||
| Q1 25 | $701.0M | $1.1B | ||
| Q4 24 | $708.9M | $1.1B | ||
| Q3 24 | $724.7M | $981.8M | ||
| Q2 24 | $736.5M | $1.1B |
净利润CNXNRBA
| Q1 26 | $17.2M | — | ||
| Q4 25 | $20.7M | $109.7M | ||
| Q3 25 | $24.7M | $95.5M | ||
| Q2 25 | $24.8M | $109.8M | ||
| Q1 25 | $13.5M | $113.4M | ||
| Q4 24 | $20.7M | $118.5M | ||
| Q3 24 | $27.1M | $76.1M | ||
| Q2 24 | $26.2M | $111.1M |
毛利率CNXNRBA
| Q1 26 | 18.4% | — | ||
| Q4 25 | 19.3% | — | ||
| Q3 25 | 19.6% | — | ||
| Q2 25 | 18.1% | — | ||
| Q1 25 | 18.2% | — | ||
| Q4 24 | 18.3% | — | ||
| Q3 24 | 18.7% | — | ||
| Q2 24 | 18.5% | — |
营业利润率CNXNRBA
| Q1 26 | 2.8% | — | ||
| Q4 25 | 3.4% | 14.7% | ||
| Q3 25 | 4.3% | 14.5% | ||
| Q2 25 | 4.1% | 15.9% | ||
| Q1 25 | 2.1% | 17.1% | ||
| Q4 24 | 3.2% | 18.1% | ||
| Q3 24 | 4.1% | 15.6% | ||
| Q2 24 | 4.2% | 18.4% |
净利率CNXNRBA
| Q1 26 | 2.4% | — | ||
| Q4 25 | 2.9% | 9.1% | ||
| Q3 25 | 3.5% | 8.7% | ||
| Q2 25 | 3.3% | 9.3% | ||
| Q1 25 | 1.9% | 10.2% | ||
| Q4 24 | 2.9% | 10.4% | ||
| Q3 24 | 3.7% | 7.8% | ||
| Q2 24 | 3.6% | 10.1% |
每股收益（稀释后）CNXNRBA
| Q1 26 | $0.68 | — | ||
| Q4 25 | $0.82 | $0.53 | ||
| Q3 25 | $0.97 | $0.43 | ||
| Q2 25 | $0.97 | $0.53 | ||
| Q1 25 | $0.51 | $0.55 | ||
| Q4 24 | $0.78 | $0.58 | ||
| Q3 24 | $1.02 | $0.36 | ||
| Q2 24 | $0.99 | $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 | $411.4M | $531.5M |
| 总债务越低越好 | — | $2.3B |
| 股东权益账面价值 | $921.7M | $5.6B |
| 总资产 | $1.4B | $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CNXNRBA
| Q1 26 | $411.4M | — | ||
| Q4 25 | $406.7M | $531.5M | ||
| Q3 25 | $399.2M | $674.7M | ||
| Q2 25 | $346.1M | $710.2M | ||
| Q1 25 | $340.3M | $578.1M | ||
| Q4 24 | $442.6M | $533.9M | ||
| Q3 24 | $429.1M | $650.7M | ||
| Q2 24 | $385.8M | $599.5M |
总债务CNXNRBA
| Q1 26 | — | — | ||
| Q4 25 | — | $2.3B | ||
| Q3 25 | — | $2.6B | ||
| Q2 25 | — | $2.6B | ||
| Q1 25 | — | $2.6B | ||
| Q4 24 | — | $2.6B | ||
| Q3 24 | — | $2.7B | ||
| Q2 24 | — | $2.8B |
股东权益CNXNRBA
| Q1 26 | $921.7M | — | ||
| Q4 25 | $910.1M | $5.6B | ||
| Q3 25 | $902.7M | $5.5B | ||
| Q2 25 | $884.8M | $5.5B | ||
| Q1 25 | $877.0M | $5.3B | ||
| Q4 24 | $911.0M | $5.2B | ||
| Q3 24 | $897.4M | $5.2B | ||
| Q2 24 | $874.9M | $5.2B |
总资产CNXNRBA
| Q1 26 | $1.4B | — | ||
| Q4 25 | $1.4B | $12.1B | ||
| Q3 25 | $1.3B | $12.2B | ||
| Q2 25 | $1.3B | $12.2B | ||
| Q1 25 | $1.2B | $11.9B | ||
| Q4 24 | $1.3B | $11.8B | ||
| Q3 24 | $1.3B | $11.9B | ||
| Q2 24 | $1.3B | $12.1B |
负债/权益比CNXNRBA
| Q1 26 | — | — | ||
| 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× |
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 | — | $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 | — | 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 | — | $719.2M |
8季度趋势，按日历期对齐
经营现金流CNXNRBA
| Q1 26 | — | — | ||
| Q4 25 | $27.4M | $255.2M | ||
| Q3 25 | $64.1M | $239.7M | ||
| Q2 25 | $26.3M | $326.5M | ||
| Q1 25 | $-52.4M | $156.8M | ||
| Q4 24 | $25.2M | $184.5M | ||
| Q3 24 | $52.9M | $285.4M | ||
| Q2 24 | $38.4M | $337.3M |
自由现金流CNXNRBA
| Q1 26 | — | — | ||
| Q4 25 | $25.2M | $186.5M | ||
| Q3 25 | $62.3M | $188.5M | ||
| Q2 25 | $24.6M | $241.7M | ||
| Q1 25 | $-54.1M | $102.5M | ||
| Q4 24 | $22.9M | $127.9M | ||
| Q3 24 | $51.2M | $248.5M | ||
| Q2 24 | $36.6M | $308.6M |
自由现金流率CNXNRBA
| Q1 26 | — | — | ||
| Q4 25 | 3.6% | 15.5% | ||
| Q3 25 | 8.8% | 17.3% | ||
| Q2 25 | 3.2% | 20.4% | ||
| Q1 25 | -7.7% | 9.2% | ||
| Q4 24 | 3.2% | 11.2% | ||
| Q3 24 | 7.1% | 25.3% | ||
| Q2 24 | 5.0% | 28.2% |
资本支出强度CNXNRBA
| Q1 26 | — | — | ||
| Q4 25 | 0.3% | 5.7% | ||
| Q3 25 | 0.3% | 4.7% | ||
| Q2 25 | 0.2% | 7.2% | ||
| Q1 25 | 0.2% | 4.9% | ||
| Q4 24 | 0.3% | 5.0% | ||
| Q3 24 | 0.2% | 3.8% | ||
| Q2 24 | 0.2% | 2.6% |
现金转化率CNXNRBA
| Q1 26 | — | — | ||
| Q4 25 | 1.32× | 2.33× | ||
| Q3 25 | 2.59× | 2.51× | ||
| Q2 25 | 1.06× | 2.97× | ||
| Q1 25 | -3.89× | 1.38× | ||
| Q4 24 | 1.22× | 1.56× | ||
| Q3 24 | 1.96× | 3.75× | ||
| Q2 24 | 1.47× | 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
CNXN
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% |
