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Capri Holdings Ltd（CPRI）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Capri Holdings Ltd的1.2倍（$1.2B vs $1.0B），Capri Holdings Ltd净利率更高（11.3% vs 9.1%，领先2.2%），利氏兄弟拍卖行同比增速更快（5.4% vs -18.7%），利氏兄弟拍卖行自由现金流更多（$186.5M vs $183.0M），过去两年利氏兄弟拍卖行的营收复合增速更高（6.3% vs -15.2%）
卡普里控股是一家跨国时尚集团，注册于英属维尔京群岛，行政总部位于伦敦，运营办公室设在纽约。品牌由美国设计师迈克尔·高仕于1981年创立，主营服饰、鞋履、手表、手袋及其他配饰产品，截至2015年在全球拥有550余家门店，以及超过1500个店中店专柜。
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。
CPRI vs RBA — 直观对比
营收规模更大
RBA
是对方的1.2倍
$1.0B
营收增速更快
RBA
高出24.1%
-18.7%
净利率更高
CPRI
高出2.2%
9.1%
自由现金流更多
RBA
多$3.5M
$183.0M
两年增速更快
RBA
近两年复合增速
-15.2%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.0B | $1.2B |
| 净利润 | $116.0M | $109.7M |
| 毛利率 | 60.8% | — |
| 营业利润率 | 4.5% | 14.7% |
| 净利率 | 11.3% | 9.1% |
| 营收同比 | -18.7% | 5.4% |
| 净利润同比 | 121.2% | -7.4% |
| 每股收益（稀释后） | $0.96 | $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CPRIRBA
| Q4 25 | $1.0B | $1.2B | ||
| Q3 25 | $856.0M | $1.1B | ||
| Q2 25 | $797.0M | $1.2B | ||
| Q1 25 | $1.6B | $1.1B | ||
| Q4 24 | $1.1B | $1.1B | ||
| Q3 24 | $878.0M | $981.8M | ||
| Q2 24 | $848.0M | $1.1B | ||
| Q1 24 | — | $1.1B |
净利润CPRIRBA
| Q4 25 | $116.0M | $109.7M | ||
| Q3 25 | $-28.0M | $95.5M | ||
| Q2 25 | $53.0M | $109.8M | ||
| Q1 25 | $-645.0M | $113.4M | ||
| Q4 24 | $-547.0M | $118.5M | ||
| Q3 24 | $24.0M | $76.1M | ||
| Q2 24 | $-14.0M | $111.1M | ||
| Q1 24 | — | $107.4M |
毛利率CPRIRBA
| Q4 25 | 60.8% | — | ||
| Q3 25 | 61.0% | — | ||
| Q2 25 | 63.0% | — | ||
| Q1 25 | 64.9% | — | ||
| Q4 24 | 63.1% | — | ||
| Q3 24 | 62.3% | — | ||
| Q2 24 | 63.1% | — | ||
| Q1 24 | — | — |
营业利润率CPRIRBA
| Q4 25 | 4.5% | 14.7% | ||
| Q3 25 | -1.4% | 14.5% | ||
| Q2 25 | 2.0% | 15.9% | ||
| Q1 25 | -47.5% | 17.1% | ||
| Q4 24 | 2.4% | 18.1% | ||
| Q3 24 | -0.7% | 15.6% | ||
| Q2 24 | 1.3% | 18.4% | ||
| Q1 24 | — | 18.7% |
净利率CPRIRBA
| Q4 25 | 11.3% | 9.1% | ||
| Q3 25 | -3.3% | 8.7% | ||
| Q2 25 | 6.6% | 9.3% | ||
| Q1 25 | -39.1% | 10.2% | ||
| Q4 24 | -51.2% | 10.4% | ||
| Q3 24 | 2.7% | 7.8% | ||
| Q2 24 | -1.7% | 10.1% | ||
| Q1 24 | — | 10.1% |
每股收益（稀释后）CPRIRBA
| Q4 25 | $0.96 | $0.53 | ||
| Q3 25 | $-0.22 | $0.43 | ||
| Q2 25 | $0.44 | $0.53 | ||
| Q1 25 | $-5.47 | $0.55 | ||
| Q4 24 | $-4.61 | $0.58 | ||
| Q3 24 | $0.20 | $0.36 | ||
| Q2 24 | $-0.12 | $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 | $154.0M | $531.5M |
| 总债务越低越好 | $234.0M | $2.3B |
| 股东权益账面价值 | $105.0M | $5.6B |
| 总资产 | $3.3B | $12.1B |
| 负债/权益比越低杠杆越低 | 2.23× | 0.42× |
8季度趋势，按日历期对齐
现金及短期投资CPRIRBA
| Q4 25 | $154.0M | $531.5M | ||
| Q3 25 | $120.0M | $674.7M | ||
| Q2 25 | $129.0M | $710.2M | ||
| Q1 25 | $107.0M | $578.1M | ||
| Q4 24 | $356.0M | $533.9M | ||
| Q3 24 | $182.0M | $650.7M | ||
| Q2 24 | $213.0M | $599.5M | ||
| Q1 24 | — | $462.8M |
总债务CPRIRBA
| Q4 25 | $234.0M | $2.3B | ||
| Q3 25 | $1.8B | $2.6B | ||
| Q2 25 | $1.7B | $2.6B | ||
| Q1 25 | $1.5B | $2.6B | ||
| Q4 24 | $1.5B | $2.6B | ||
| Q3 24 | $1.7B | $2.7B | ||
| Q2 24 | $1.7B | $2.8B | ||
| Q1 24 | — | $2.9B |
股东权益CPRIRBA
| Q4 25 | $105.0M | $5.6B | ||
| Q3 25 | $-74.0M | $5.5B | ||
| Q2 25 | $-17.0M | $5.5B | ||
| Q1 25 | $368.0M | $5.3B | ||
| Q4 24 | $1.1B | $5.2B | ||
| Q3 24 | $1.5B | $5.2B | ||
| Q2 24 | $1.6B | $5.2B | ||
| Q1 24 | — | $5.1B |
总资产CPRIRBA
| Q4 25 | $3.3B | $12.1B | ||
| Q3 25 | $5.6B | $12.2B | ||
| Q2 25 | $5.5B | $12.2B | ||
| Q1 25 | $5.2B | $11.9B | ||
| Q4 24 | $5.9B | $11.8B | ||
| Q3 24 | $6.8B | $11.9B | ||
| Q2 24 | $6.6B | $12.1B | ||
| Q1 24 | — | $12.0B |
负债/权益比CPRIRBA
| Q4 25 | 2.23× | 0.42× | ||
| Q3 25 | — | 0.47× | ||
| Q2 25 | — | 0.47× | ||
| Q1 25 | 4.05× | 0.50× | ||
| Q4 24 | 1.38× | 0.50× | ||
| Q3 24 | 1.15× | 0.52× | ||
| Q2 24 | 1.08× | 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 | $202.0M | $255.2M |
| 自由现金流经营现金流 - 资本支出 | $183.0M | $186.5M |
| 自由现金流率自由现金流/营收 | 17.9% | 15.5% |
| 资本支出强度资本支出/营收 | 1.9% | 5.7% |
| 现金转化率经营现金流/净利润 | 1.74× | 2.33× |
| 过去12个月自由现金流最近4个季度 | $-134.0M | $719.2M |
8季度趋势，按日历期对齐
经营现金流CPRIRBA
| Q4 25 | $202.0M | $255.2M | ||
| Q3 25 | $-52.0M | $239.7M | ||
| Q2 25 | $-8.0M | $326.5M | ||
| Q1 25 | $-161.0M | $156.8M | ||
| Q4 24 | $309.0M | $184.5M | ||
| Q3 24 | $50.0M | $285.4M | ||
| Q2 24 | $83.0M | $337.3M | ||
| Q1 24 | — | $124.8M |
自由现金流CPRIRBA
| Q4 25 | $183.0M | $186.5M | ||
| Q3 25 | $-65.0M | $188.5M | ||
| Q2 25 | $-21.0M | $241.7M | ||
| Q1 25 | $-231.0M | $102.5M | ||
| Q4 24 | $287.0M | $127.9M | ||
| Q3 24 | $30.0M | $248.5M | ||
| Q2 24 | $67.0M | $308.6M | ||
| Q1 24 | — | $79.6M |
自由现金流率CPRIRBA
| Q4 25 | 17.9% | 15.5% | ||
| Q3 25 | -7.6% | 17.3% | ||
| Q2 25 | -2.6% | 20.4% | ||
| Q1 25 | -14.0% | 9.2% | ||
| Q4 24 | 26.9% | 11.2% | ||
| Q3 24 | 3.4% | 25.3% | ||
| Q2 24 | 7.9% | 28.2% | ||
| Q1 24 | — | 7.5% |
资本支出强度CPRIRBA
| Q4 25 | 1.9% | 5.7% | ||
| Q3 25 | 1.5% | 4.7% | ||
| Q2 25 | 1.6% | 7.2% | ||
| Q1 25 | 4.2% | 4.9% | ||
| Q4 24 | 2.1% | 5.0% | ||
| Q3 24 | 2.3% | 3.8% | ||
| Q2 24 | 1.9% | 2.6% | ||
| Q1 24 | — | 4.2% |
现金转化率CPRIRBA
| Q4 25 | 1.74× | 2.33× | ||
| Q3 25 | — | 2.51× | ||
| Q2 25 | -0.15× | 2.97× | ||
| Q1 25 | — | 1.38× | ||
| Q4 24 | — | 1.56× | ||
| Q3 24 | 2.08× | 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
CPRI
| Michael Kors Segment | $593.0M | 58% |
| Other | $379.0M | 37% |
| Jimmy Choo Segment | $53.0M | 5% |
RBA
| Buyer Revenue | $577.2M | 48% |
| Seller Revenue | $255.2M | 21% |
| CA | $199.0M | 17% |
| Other | $124.7M | 10% |
| AU | $47.3M | 4% |
