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AMERICOLD REALTY TRUST（COLD）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AMERICOLD REALTY TRUST的1.9倍（$1.2B vs $643.1M），利氏兄弟拍卖行净利率更高（9.1% vs -13.7%，领先22.9%），利氏兄弟拍卖行同比增速更快（5.4% vs -0.7%），利氏兄弟拍卖行自由现金流更多（$186.5M vs $-12.2M），过去两年利氏兄弟拍卖行的营收复合增速更高（6.3% vs -0.6%）
Americold Realty Trust是总部位于美国佐治亚州亚特兰大的温控仓储及运输企业，主营现代化商用温控仓储业务，通过冷链体系存储易腐货物，是食品保鲜供应链的重要参与方，为全球第二大温控仓储及配送服务提供商。
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。
COLD vs RBA — 直观对比
营收规模更大
RBA
是对方的1.9倍
$643.1M
营收增速更快
RBA
高出6.1%
-0.7%
净利率更高
RBA
高出22.9%
-13.7%
自由现金流更多
RBA
多$198.7M
$-12.2M
两年增速更快
RBA
近两年复合增速
-0.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $643.1M | $1.2B |
| 净利润 | $-88.3M | $109.7M |
| 毛利率 | 31.3% | — |
| 营业利润率 | -10.8% | 14.7% |
| 净利率 | -13.7% | 9.1% |
| 营收同比 | -0.7% | 5.4% |
| 净利润同比 | -143.9% | -7.4% |
| 每股收益（稀释后） | $-0.31 | $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COLDRBA
| Q4 25 | $643.1M | $1.2B | ||
| Q3 25 | $649.0M | $1.1B | ||
| Q2 25 | $635.1M | $1.2B | ||
| Q1 25 | $613.7M | $1.1B | ||
| Q4 24 | $647.4M | $1.1B | ||
| Q3 24 | $660.4M | $981.8M | ||
| Q2 24 | $645.6M | $1.1B | ||
| Q1 24 | $651.4M | $1.1B |
净利润COLDRBA
| Q4 25 | $-88.3M | $109.7M | ||
| Q3 25 | $-11.4M | $95.5M | ||
| Q2 25 | $1.5M | $109.8M | ||
| Q1 25 | $-16.4M | $113.4M | ||
| Q4 24 | $-36.2M | $118.5M | ||
| Q3 24 | $-3.7M | $76.1M | ||
| Q2 24 | $-64.1M | $111.1M | ||
| Q1 24 | $9.7M | $107.4M |
毛利率COLDRBA
| Q4 25 | 31.3% | — | ||
| Q3 25 | 29.3% | — | ||
| Q2 25 | 30.9% | — | ||
| Q1 25 | 31.1% | — | ||
| Q4 24 | 29.7% | — | ||
| Q3 24 | 29.6% | — | ||
| Q2 24 | 31.0% | — | ||
| Q1 24 | 30.3% | — |
营业利润率COLDRBA
| Q4 25 | -10.8% | 14.7% | ||
| Q3 25 | 2.6% | 14.5% | ||
| Q2 25 | 5.9% | 15.9% | ||
| Q1 25 | 3.6% | 17.1% | ||
| Q4 24 | -1.8% | 18.1% | ||
| Q3 24 | 4.6% | 15.6% | ||
| Q2 24 | 9.8% | 18.4% | ||
| Q1 24 | 6.4% | 18.7% |
净利率COLDRBA
| Q4 25 | -13.7% | 9.1% | ||
| Q3 25 | -1.8% | 8.7% | ||
| Q2 25 | 0.2% | 9.3% | ||
| Q1 25 | -2.7% | 10.2% | ||
| Q4 24 | -5.6% | 10.4% | ||
| Q3 24 | -0.6% | 7.8% | ||
| Q2 24 | -9.9% | 10.1% | ||
| Q1 24 | 1.5% | 10.1% |
每股收益（稀释后）COLDRBA
| Q4 25 | $-0.31 | $0.53 | ||
| Q3 25 | $-0.04 | $0.43 | ||
| Q2 25 | $0.01 | $0.53 | ||
| Q1 25 | $-0.06 | $0.55 | ||
| Q4 24 | $-0.12 | $0.58 | ||
| Q3 24 | $-0.01 | $0.36 | ||
| Q2 24 | $-0.23 | $0.54 | ||
| Q1 24 | $0.03 | $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 | $136.9M | $531.5M |
| 总债务越低越好 | — | $2.3B |
| 股东权益账面价值 | $2.9B | $5.6B |
| 总资产 | $8.1B | $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COLDRBA
| Q4 25 | $136.9M | $531.5M | ||
| Q3 25 | $33.3M | $674.7M | ||
| Q2 25 | $101.4M | $710.2M | ||
| Q1 25 | $38.9M | $578.1M | ||
| Q4 24 | $47.7M | $533.9M | ||
| Q3 24 | $61.3M | $650.7M | ||
| Q2 24 | $44.2M | $599.5M | ||
| Q1 24 | $59.2M | $462.8M |
总债务COLDRBA
| 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 | ||
| Q1 24 | — | $2.9B |
股东权益COLDRBA
| Q4 25 | $2.9B | $5.6B | ||
| Q3 25 | $3.0B | $5.5B | ||
| Q2 25 | $3.1B | $5.5B | ||
| Q1 25 | $3.2B | $5.3B | ||
| Q4 24 | $3.3B | $5.2B | ||
| Q3 24 | $3.4B | $5.2B | ||
| Q2 24 | $3.4B | $5.2B | ||
| Q1 24 | $3.6B | $5.1B |
总资产COLDRBA
| Q4 25 | $8.1B | $12.1B | ||
| Q3 25 | $8.1B | $12.2B | ||
| Q2 25 | $8.1B | $12.2B | ||
| Q1 25 | $7.8B | $11.9B | ||
| Q4 24 | $7.7B | $11.8B | ||
| Q3 24 | $7.9B | $11.9B | ||
| Q2 24 | $7.8B | $12.1B | ||
| Q1 24 | $7.8B | $12.0B |
负债/权益比COLDRBA
| 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 | $130.2M | $255.2M |
| 自由现金流经营现金流 - 资本支出 | $-12.2M | $186.5M |
| 自由现金流率自由现金流/营收 | -1.9% | 15.5% |
| 资本支出强度资本支出/营收 | 22.1% | 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 | $-217.2M | $719.2M |
8季度趋势，按日历期对齐
经营现金流COLDRBA
| Q4 25 | $130.2M | $255.2M | ||
| Q3 25 | $78.9M | $239.7M | ||
| Q2 25 | $120.3M | $326.5M | ||
| Q1 25 | $30.2M | $156.8M | ||
| Q4 24 | $162.6M | $184.5M | ||
| Q3 24 | $50.6M | $285.4M | ||
| Q2 24 | $136.7M | $337.3M | ||
| Q1 24 | $62.0M | $124.8M |
自由现金流COLDRBA
| Q4 25 | $-12.2M | $186.5M | ||
| Q3 25 | $-65.4M | $188.5M | ||
| Q2 25 | $-57.4M | $241.7M | ||
| Q1 25 | $-82.3M | $102.5M | ||
| Q4 24 | $57.4M | $127.9M | ||
| Q3 24 | $-44.5M | $248.5M | ||
| Q2 24 | $73.3M | $308.6M | ||
| Q1 24 | $16.2M | $79.6M |
自由现金流率COLDRBA
| Q4 25 | -1.9% | 15.5% | ||
| Q3 25 | -10.1% | 17.3% | ||
| Q2 25 | -9.0% | 20.4% | ||
| Q1 25 | -13.4% | 9.2% | ||
| Q4 24 | 8.9% | 11.2% | ||
| Q3 24 | -6.7% | 25.3% | ||
| Q2 24 | 11.4% | 28.2% | ||
| Q1 24 | 2.5% | 7.5% |
资本支出强度COLDRBA
| Q4 25 | 22.1% | 5.7% | ||
| Q3 25 | 22.2% | 4.7% | ||
| Q2 25 | 28.0% | 7.2% | ||
| Q1 25 | 18.3% | 4.9% | ||
| Q4 24 | 16.3% | 5.0% | ||
| Q3 24 | 14.4% | 3.8% | ||
| Q2 24 | 9.8% | 2.6% | ||
| Q1 24 | 7.0% | 4.2% |
现金转化率COLDRBA
| Q4 25 | — | 2.33× | ||
| Q3 25 | — | 2.51× | ||
| Q2 25 | 78.18× | 2.97× | ||
| Q1 25 | — | 1.38× | ||
| Q4 24 | — | 1.56× | ||
| Q3 24 | — | 3.75× | ||
| Q2 24 | — | 3.04× | ||
| Q1 24 | 6.36× | 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
COLD
| Warehouse Services | $269.0M | 42% |
| Warehouse Rent And Storage | $199.9M | 31% |
| Other Facilities Costs | $60.0M | 9% |
| Transportation Segment | $48.3M | 8% |
| Power | $34.7M | 5% |
| Transportation | $22.0M | 3% |
| Third Party Managed Segment | $9.5M | 1% |
| Third Party Managed | $2.4M | 0% |
RBA
| Buyer Revenue | $577.2M | 48% |
| Seller Revenue | $255.2M | 21% |
| CA | $199.0M | 17% |
| Other | $124.7M | 10% |
| AU | $47.3M | 4% |
