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科蒂（COTY）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
科蒂的季度营收约是利氏兄弟拍卖行的1.4倍（$1.7B vs $1.2B），利氏兄弟拍卖行净利率更高（9.1% vs -7.4%，领先16.5%），利氏兄弟拍卖行同比增速更快（5.4% vs 0.5%），科蒂自由现金流更多（$513.1M vs $186.5M），过去两年科蒂的营收复合增速更高（10.1% vs 6.3%）
科蒂是1904年由弗朗索瓦·科蒂在巴黎创立的跨国美妆企业，现注册地为美国特拉华州，全球总部位于荷兰阿姆斯特丹。旗下业务覆盖香水、彩妆、护肤、美甲产品以及专业线和零售线护发产品的研发、生产、营销与分销，截至2024年共拥有约40个品牌。
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。
COTY vs RBA — 直观对比
营收规模更大
COTY
是对方的1.4倍
$1.2B
营收增速更快
RBA
高出4.9%
0.5%
净利率更高
RBA
高出16.5%
-7.4%
自由现金流更多
COTY
多$326.6M
$186.5M
两年增速更快
COTY
近两年复合增速
6.3%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.7B | $1.2B |
| 净利润 | $-123.6M | $109.7M |
| 毛利率 | 63.8% | — |
| 营业利润率 | 8.8% | 14.7% |
| 净利率 | -7.4% | 9.1% |
| 营收同比 | 0.5% | 5.4% |
| 净利润同比 | -621.5% | -7.4% |
| 每股收益（稀释后） | $-0.14 | $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COTYRBA
| Q4 25 | $1.7B | $1.2B | ||
| Q3 25 | $1.6B | $1.1B | ||
| Q2 25 | $1.3B | $1.2B | ||
| Q1 25 | $1.3B | $1.1B | ||
| Q4 24 | $1.7B | $1.1B | ||
| Q3 24 | $1.7B | $981.8M | ||
| Q2 24 | $1.4B | $1.1B | ||
| Q1 24 | $1.4B | $1.1B |
净利润COTYRBA
| Q4 25 | $-123.6M | $109.7M | ||
| Q3 25 | $67.9M | $95.5M | ||
| Q2 25 | $-68.8M | $109.8M | ||
| Q1 25 | $-405.7M | $113.4M | ||
| Q4 24 | $23.7M | $118.5M | ||
| Q3 24 | $82.9M | $76.1M | ||
| Q2 24 | $-96.9M | $111.1M | ||
| Q1 24 | $3.8M | $107.4M |
毛利率COTYRBA
| Q4 25 | 63.8% | — | ||
| Q3 25 | 64.5% | — | ||
| Q2 25 | 62.3% | — | ||
| Q1 25 | 64.1% | — | ||
| Q4 24 | 66.7% | — | ||
| Q3 24 | 65.5% | — | ||
| Q2 24 | 64.2% | — | ||
| Q1 24 | 64.8% | — |
营业利润率COTYRBA
| Q4 25 | 8.8% | 14.7% | ||
| Q3 25 | 11.7% | 14.5% | ||
| Q2 25 | 1.2% | 15.9% | ||
| Q1 25 | -21.6% | 17.1% | ||
| Q4 24 | 16.1% | 18.1% | ||
| Q3 24 | 14.2% | 15.6% | ||
| Q2 24 | 2.5% | 18.4% | ||
| Q1 24 | 5.6% | 18.7% |
净利率COTYRBA
| Q4 25 | -7.4% | 9.1% | ||
| Q3 25 | 4.3% | 8.7% | ||
| Q2 25 | -5.5% | 9.3% | ||
| Q1 25 | -31.2% | 10.2% | ||
| Q4 24 | 1.4% | 10.4% | ||
| Q3 24 | 5.0% | 7.8% | ||
| Q2 24 | -7.1% | 10.1% | ||
| Q1 24 | 0.3% | 10.1% |
每股收益（稀释后）COTYRBA
| Q4 25 | $-0.14 | $0.53 | ||
| Q3 25 | $0.07 | $0.43 | ||
| Q2 25 | $-0.08 | $0.53 | ||
| Q1 25 | $-0.47 | $0.55 | ||
| Q4 24 | $0.02 | $0.58 | ||
| Q3 24 | $0.09 | $0.36 | ||
| Q2 24 | $-0.11 | $0.54 | ||
| Q1 24 | $0.00 | $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 | $436.7M | $531.5M |
| 总债务越低越好 | $3.0B | $2.3B |
| 股东权益账面价值 | $3.5B | $5.6B |
| 总资产 | $11.1B | $12.1B |
| 负债/权益比越低杠杆越低 | 0.85× | 0.42× |
8季度趋势，按日历期对齐
现金及短期投资COTYRBA
| Q4 25 | $436.7M | $531.5M | ||
| Q3 25 | $264.6M | $674.7M | ||
| Q2 25 | $257.1M | $710.2M | ||
| Q1 25 | $243.5M | $578.1M | ||
| Q4 24 | $249.6M | $533.9M | ||
| Q3 24 | $283.6M | $650.7M | ||
| Q2 24 | $300.8M | $599.5M | ||
| Q1 24 | $260.2M | $462.8M |
总债务COTYRBA
| Q4 25 | $3.0B | $2.3B | ||
| Q3 25 | $4.0B | $2.6B | ||
| Q2 25 | $4.0B | $2.6B | ||
| Q1 25 | $3.8B | $2.6B | ||
| Q4 24 | $3.4B | $2.6B | ||
| Q3 24 | $3.9B | $2.7B | ||
| Q2 24 | $3.8B | $2.8B | ||
| Q1 24 | $3.9B | $2.9B |
股东权益COTYRBA
| Q4 25 | $3.5B | $5.6B | ||
| Q3 25 | $3.6B | $5.5B | ||
| Q2 25 | $3.5B | $5.5B | ||
| Q1 25 | $3.5B | $5.3B | ||
| Q4 24 | $3.8B | $5.2B | ||
| Q3 24 | $4.0B | $5.2B | ||
| Q2 24 | $3.8B | $5.2B | ||
| Q1 24 | $4.0B | $5.1B |
总资产COTYRBA
| Q4 25 | $11.1B | $12.1B | ||
| Q3 25 | $12.1B | $12.2B | ||
| Q2 25 | $11.9B | $12.2B | ||
| Q1 25 | $11.5B | $11.9B | ||
| Q4 24 | $11.7B | $11.8B | ||
| Q3 24 | $12.5B | $11.9B | ||
| Q2 24 | $12.1B | $12.1B | ||
| Q1 24 | $12.3B | $12.0B |
负债/权益比COTYRBA
| Q4 25 | 0.85× | 0.42× | ||
| Q3 25 | 1.10× | 0.47× | ||
| Q2 25 | 1.12× | 0.47× | ||
| Q1 25 | 1.09× | 0.50× | ||
| Q4 24 | 0.89× | 0.50× | ||
| Q3 24 | 0.97× | 0.52× | ||
| Q2 24 | 1.00× | 0.55× | ||
| Q1 24 | 0.98× | 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 | $559.7M | $255.2M |
| 自由现金流经营现金流 - 资本支出 | $513.1M | $186.5M |
| 自由现金流率自由现金流/营收 | 30.6% | 15.5% |
| 资本支出强度资本支出/营收 | 2.8% | 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 | $390.8M | $719.2M |
8季度趋势，按日历期对齐
经营现金流COTYRBA
| Q4 25 | $559.7M | $255.2M | ||
| Q3 25 | $65.2M | $239.7M | ||
| Q2 25 | $83.2M | $326.5M | ||
| Q1 25 | $-122.5M | $156.8M | ||
| Q4 24 | $464.5M | $184.5M | ||
| Q3 24 | $67.4M | $285.4M | ||
| Q2 24 | $176.5M | $337.3M | ||
| Q1 24 | $-170.0M | $124.8M |
自由现金流COTYRBA
| Q4 25 | $513.1M | $186.5M | ||
| Q3 25 | $11.2M | $188.5M | ||
| Q2 25 | $34.9M | $241.7M | ||
| Q1 25 | $-168.4M | $102.5M | ||
| Q4 24 | $419.0M | $127.9M | ||
| Q3 24 | $-7.9M | $248.5M | ||
| Q2 24 | $116.7M | $308.6M | ||
| Q1 24 | $-234.3M | $79.6M |
自由现金流率COTYRBA
| Q4 25 | 30.6% | 15.5% | ||
| Q3 25 | 0.7% | 17.3% | ||
| Q2 25 | 2.8% | 20.4% | ||
| Q1 25 | -13.0% | 9.2% | ||
| Q4 24 | 25.1% | 11.2% | ||
| Q3 24 | -0.5% | 25.3% | ||
| Q2 24 | 8.6% | 28.2% | ||
| Q1 24 | -16.9% | 7.5% |
资本支出强度COTYRBA
| Q4 25 | 2.8% | 5.7% | ||
| Q3 25 | 3.4% | 4.7% | ||
| Q2 25 | 3.9% | 7.2% | ||
| Q1 25 | 3.5% | 4.9% | ||
| Q4 24 | 2.7% | 5.0% | ||
| Q3 24 | 4.5% | 3.8% | ||
| Q2 24 | 4.4% | 2.6% | ||
| Q1 24 | 4.6% | 4.2% |
现金转化率COTYRBA
| Q4 25 | — | 2.33× | ||
| Q3 25 | 0.96× | 2.51× | ||
| Q2 25 | — | 2.97× | ||
| Q1 25 | — | 1.38× | ||
| Q4 24 | 19.60× | 1.56× | ||
| Q3 24 | 0.81× | 3.75× | ||
| Q2 24 | — | 3.04× | ||
| Q1 24 | -44.74× | 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
COTY
| Prestige | $1.1B | 68% |
| Consumer Beauty | $545.0M | 32% |
RBA
| Buyer Revenue | $577.2M | 48% |
| Seller Revenue | $255.2M | 21% |
| CA | $199.0M | 17% |
| Other | $124.7M | 10% |
| AU | $47.3M | 4% |
