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卡骆驰（CROX）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卡骆驰的1.3倍（$1.2B vs $957.6M），卡骆驰净利率更高（11.0% vs 9.1%，领先1.9%），利氏兄弟拍卖行同比增速更快（5.4% vs -3.2%），卡骆驰自由现金流更多（$246.4M vs $186.5M），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%）
卡骆驰（Crocs）是总部位于美国科罗拉多州布鲁姆菲尔德的鞋履企业，主打生产、销售旗下同名品牌的泡沫鞋履产品。其标志性鞋款虽被品牌称为“木屐”，但和传统木屐不同，不含木质材料，凭借舒适轻便的特性受到全球消费者喜爱。
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。
CROX vs RBA — 直观对比
营收规模更大
RBA
是对方的1.3倍
$957.6M
营收增速更快
RBA
高出8.7%
-3.2%
净利率更高
CROX
高出1.9%
9.1%
自由现金流更多
CROX
多$59.9M
$186.5M
两年增速更快
RBA
近两年复合增速
1.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $957.6M | $1.2B |
| 净利润 | $105.2M | $109.7M |
| 毛利率 | 54.7% | — |
| 营业利润率 | 15.3% | 14.7% |
| 净利率 | 11.0% | 9.1% |
| 营收同比 | -3.2% | 5.4% |
| 净利润同比 | -71.5% | -7.4% |
| 每股收益（稀释后） | $1.79 | $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CROXRBA
| Q4 25 | $957.6M | $1.2B | ||
| Q3 25 | $996.3M | $1.1B | ||
| Q2 25 | $1.1B | $1.2B | ||
| Q1 25 | $937.3M | $1.1B | ||
| Q4 24 | $989.8M | $1.1B | ||
| Q3 24 | $1.1B | $981.8M | ||
| Q2 24 | $1.1B | $1.1B | ||
| Q1 24 | $938.6M | $1.1B |
净利润CROXRBA
| Q4 25 | $105.2M | $109.7M | ||
| Q3 25 | $145.8M | $95.5M | ||
| Q2 25 | $-492.3M | $109.8M | ||
| Q1 25 | $160.1M | $113.4M | ||
| Q4 24 | $368.9M | $118.5M | ||
| Q3 24 | $199.8M | $76.1M | ||
| Q2 24 | $228.9M | $111.1M | ||
| Q1 24 | $152.5M | $107.4M |
毛利率CROXRBA
| Q4 25 | 54.7% | — | ||
| Q3 25 | 58.5% | — | ||
| Q2 25 | 61.7% | — | ||
| Q1 25 | 57.8% | — | ||
| Q4 24 | 57.9% | — | ||
| Q3 24 | 59.6% | — | ||
| Q2 24 | 61.4% | — | ||
| Q1 24 | 55.6% | — |
营业利润率CROXRBA
| Q4 25 | 15.3% | 14.7% | ||
| Q3 25 | 20.8% | 14.5% | ||
| Q2 25 | -37.2% | 15.9% | ||
| Q1 25 | 23.8% | 17.1% | ||
| Q4 24 | 20.2% | 18.1% | ||
| Q3 24 | 25.4% | 15.6% | ||
| Q2 24 | 29.3% | 18.4% | ||
| Q1 24 | 24.1% | 18.7% |
净利率CROXRBA
| Q4 25 | 11.0% | 9.1% | ||
| Q3 25 | 14.6% | 8.7% | ||
| Q2 25 | -42.8% | 9.3% | ||
| Q1 25 | 17.1% | 10.2% | ||
| Q4 24 | 37.3% | 10.4% | ||
| Q3 24 | 18.8% | 7.8% | ||
| Q2 24 | 20.6% | 10.1% | ||
| Q1 24 | 16.2% | 10.1% |
每股收益（稀释后）CROXRBA
| Q4 25 | $1.79 | $0.53 | ||
| Q3 25 | $2.70 | $0.43 | ||
| Q2 25 | $-8.82 | $0.53 | ||
| Q1 25 | $2.83 | $0.55 | ||
| Q4 24 | $6.25 | $0.58 | ||
| Q3 24 | $3.36 | $0.36 | ||
| Q2 24 | $3.77 | $0.54 | ||
| Q1 24 | $2.50 | $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 | $130.4M | $531.5M |
| 总债务越低越好 | — | $2.3B |
| 股东权益账面价值 | $1.3B | $5.6B |
| 总资产 | $4.2B | $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CROXRBA
| Q4 25 | $130.4M | $531.5M | ||
| Q3 25 | $154.0M | $674.7M | ||
| Q2 25 | $200.6M | $710.2M | ||
| Q1 25 | $166.5M | $578.1M | ||
| Q4 24 | $180.5M | $533.9M | ||
| Q3 24 | $186.1M | $650.7M | ||
| Q2 24 | $167.7M | $599.5M | ||
| Q1 24 | $159.3M | $462.8M |
总债务CROXRBA
| 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CROXRBA
| Q4 25 | $1.3B | $5.6B | ||
| Q3 25 | $1.4B | $5.5B | ||
| Q2 25 | $1.4B | $5.5B | ||
| Q1 25 | $2.0B | $5.3B | ||
| Q4 24 | $1.8B | $5.2B | ||
| Q3 24 | $1.7B | $5.2B | ||
| Q2 24 | $1.7B | $5.2B | ||
| Q1 24 | $1.6B | $5.1B |
总资产CROXRBA
| Q4 25 | $4.2B | $12.1B | ||
| Q3 25 | $4.3B | $12.2B | ||
| Q2 25 | $4.5B | $12.2B | ||
| Q1 25 | $5.1B | $11.9B | ||
| Q4 24 | $4.8B | $11.8B | ||
| Q3 24 | $4.7B | $11.9B | ||
| Q2 24 | $4.7B | $12.1B | ||
| Q1 24 | $4.8B | $12.0B |
负债/权益比CROXRBA
| 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 | $252.5M | $255.2M |
| 自由现金流经营现金流 - 资本支出 | $246.4M | $186.5M |
| 自由现金流率自由现金流/营收 | 25.7% | 15.5% |
| 资本支出强度资本支出/营收 | 0.6% | 5.7% |
| 现金转化率经营现金流/净利润 | 2.40× | 2.33× |
| 过去12个月自由现金流最近4个季度 | $659.2M | $719.2M |
8季度趋势，按日历期对齐
经营现金流CROXRBA
| Q4 25 | $252.5M | $255.2M | ||
| Q3 25 | $239.3M | $239.7M | ||
| Q2 25 | $285.8M | $326.5M | ||
| Q1 25 | $-67.2M | $156.8M | ||
| Q4 24 | $321.9M | $184.5M | ||
| Q3 24 | $296.9M | $285.4M | ||
| Q2 24 | $401.2M | $337.3M | ||
| Q1 24 | $-27.6M | $124.8M |
自由现金流CROXRBA
| Q4 25 | $246.4M | $186.5M | ||
| Q3 25 | $226.2M | $188.5M | ||
| Q2 25 | $269.2M | $241.7M | ||
| Q1 25 | $-82.6M | $102.5M | ||
| Q4 24 | $303.4M | $127.9M | ||
| Q3 24 | $278.8M | $248.5M | ||
| Q2 24 | $384.2M | $308.6M | ||
| Q1 24 | $-43.3M | $79.6M |
自由现金流率CROXRBA
| Q4 25 | 25.7% | 15.5% | ||
| Q3 25 | 22.7% | 17.3% | ||
| Q2 25 | 23.4% | 20.4% | ||
| Q1 25 | -8.8% | 9.2% | ||
| Q4 24 | 30.7% | 11.2% | ||
| Q3 24 | 26.3% | 25.3% | ||
| Q2 24 | 34.6% | 28.2% | ||
| Q1 24 | -4.6% | 7.5% |
资本支出强度CROXRBA
| Q4 25 | 0.6% | 5.7% | ||
| Q3 25 | 1.3% | 4.7% | ||
| Q2 25 | 1.4% | 7.2% | ||
| Q1 25 | 1.6% | 4.9% | ||
| Q4 24 | 1.9% | 5.0% | ||
| Q3 24 | 1.7% | 3.8% | ||
| Q2 24 | 1.5% | 2.6% | ||
| Q1 24 | 1.7% | 4.2% |
现金转化率CROXRBA
| Q4 25 | 2.40× | 2.33× | ||
| Q3 25 | 1.64× | 2.51× | ||
| Q2 25 | — | 2.97× | ||
| Q1 25 | -0.42× | 1.38× | ||
| Q4 24 | 0.87× | 1.56× | ||
| Q3 24 | 1.49× | 3.75× | ||
| Q2 24 | 1.75× | 3.04× | ||
| Q1 24 | -0.18× | 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
CROX
| Sales Channel Directly To Consumer | $333.2M | 35% |
| Other | $332.1M | 35% |
| HEYDUDE Brand Segment | $189.3M | 20% |
| Sales Channel Through Intermediary Wholesale | $103.1M | 11% |
RBA
| Buyer Revenue | $577.2M | 48% |
| Seller Revenue | $255.2M | 21% |
| CA | $199.0M | 17% |
| Other | $124.7M | 10% |
| AU | $47.3M | 4% |
