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卡彭特科技（CRS）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彭特科技的1.5倍（$1.2B vs $811.5M），卡彭特科技净利率更高（17.2% vs 9.1%，领先8.1%），卡彭特科技同比增速更快（11.6% vs 5.4%），利氏兄弟拍卖行自由现金流更多（$186.5M vs $124.8M），过去两年利氏兄弟拍卖行的营收复合增速更高（6.3% vs 0.8%）
卡彭特科技是全球特种合金材料供应商，主营不锈钢、耐腐蚀镍、铜、钛合金及3D增材制造用粉末合金的研发、生产与分销。2018财年其营收分布为：航空航天与国防占55%，工业与消费品占17%，医疗占8%，交通、能源各占7%，分销业务占6%。
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。
CRS vs RBA — 直观对比
营收规模更大
RBA
是对方的1.5倍
$811.5M
营收增速更快
CRS
高出6.2%
5.4%
净利率更高
CRS
高出8.1%
9.1%
自由现金流更多
RBA
多$61.7M
$124.8M
两年增速更快
RBA
近两年复合增速
0.8%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $811.5M | $1.2B |
| 净利润 | $139.6M | $109.7M |
| 毛利率 | 31.0% | — |
| 营业利润率 | 23.0% | 14.7% |
| 净利率 | 17.2% | 9.1% |
| 营收同比 | 11.6% | 5.4% |
| 净利润同比 | 46.3% | -7.4% |
| 每股收益（稀释后） | $2.77 | $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CRSRBA
| Q1 26 | $811.5M | — | ||
| Q4 25 | $728.0M | $1.2B | ||
| Q3 25 | $733.7M | $1.1B | ||
| Q2 25 | $755.6M | $1.2B | ||
| Q1 25 | $727.0M | $1.1B | ||
| Q4 24 | $676.9M | $1.1B | ||
| Q3 24 | $717.6M | $981.8M | ||
| Q2 24 | $798.7M | $1.1B |
净利润CRSRBA
| Q1 26 | $139.6M | — | ||
| Q4 25 | $105.3M | $109.7M | ||
| Q3 25 | $122.5M | $95.5M | ||
| Q2 25 | $111.7M | $109.8M | ||
| Q1 25 | $95.4M | $113.4M | ||
| Q4 24 | $84.1M | $118.5M | ||
| Q3 24 | $84.8M | $76.1M | ||
| Q2 24 | $93.6M | $111.1M |
毛利率CRSRBA
| Q1 26 | 31.0% | — | ||
| Q4 25 | 30.0% | — | ||
| Q3 25 | 29.5% | — | ||
| Q2 25 | 28.3% | — | ||
| Q1 25 | 27.6% | — | ||
| Q4 24 | 26.2% | — | ||
| Q3 24 | 24.6% | — | ||
| Q2 24 | 23.9% | — |
营业利润率CRSRBA
| Q1 26 | 23.0% | — | ||
| Q4 25 | 21.3% | 14.7% | ||
| Q3 25 | 20.9% | 14.5% | ||
| Q2 25 | 20.1% | 15.9% | ||
| Q1 25 | 19.0% | 17.1% | ||
| Q4 24 | 17.6% | 18.1% | ||
| Q3 24 | 15.8% | 15.6% | ||
| Q2 24 | 13.6% | 18.4% |
净利率CRSRBA
| Q1 26 | 17.2% | — | ||
| Q4 25 | 14.5% | 9.1% | ||
| Q3 25 | 16.7% | 8.7% | ||
| Q2 25 | 14.8% | 9.3% | ||
| Q1 25 | 13.1% | 10.2% | ||
| Q4 24 | 12.4% | 10.4% | ||
| Q3 24 | 11.8% | 7.8% | ||
| Q2 24 | 11.7% | 10.1% |
每股收益（稀释后）CRSRBA
| Q1 26 | $2.77 | — | ||
| Q4 25 | $2.09 | $0.53 | ||
| Q3 25 | $2.43 | $0.43 | ||
| Q2 25 | $2.21 | $0.53 | ||
| Q1 25 | $1.88 | $0.55 | ||
| Q4 24 | $1.66 | $0.58 | ||
| Q3 24 | $1.67 | $0.36 | ||
| Q2 24 | $1.85 | $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 | $294.8M | $531.5M |
| 总债务越低越好 | $690.4M | $2.3B |
| 股东权益账面价值 | $2.1B | $5.6B |
| 总资产 | $3.7B | $12.1B |
| 负债/权益比越低杠杆越低 | 0.33× | 0.42× |
8季度趋势，按日历期对齐
现金及短期投资CRSRBA
| Q1 26 | $294.8M | — | ||
| Q4 25 | $231.9M | $531.5M | ||
| Q3 25 | $208.0M | $674.7M | ||
| Q2 25 | $315.5M | $710.2M | ||
| Q1 25 | $151.5M | $578.1M | ||
| Q4 24 | $162.1M | $533.9M | ||
| Q3 24 | $150.2M | $650.7M | ||
| Q2 24 | $199.1M | $599.5M |
总债务CRSRBA
| Q1 26 | $690.4M | — | ||
| 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CRSRBA
| Q1 26 | $2.1B | — | ||
| Q4 25 | $2.0B | $5.6B | ||
| Q3 25 | $1.9B | $5.5B | ||
| Q2 25 | $1.9B | $5.5B | ||
| Q1 25 | $1.8B | $5.3B | ||
| Q4 24 | $1.7B | $5.2B | ||
| Q3 24 | $1.7B | $5.2B | ||
| Q2 24 | $1.6B | $5.2B |
总资产CRSRBA
| Q1 26 | $3.7B | — | ||
| Q4 25 | $3.5B | $12.1B | ||
| Q3 25 | $3.4B | $12.2B | ||
| Q2 25 | $3.5B | $12.2B | ||
| Q1 25 | $3.4B | $11.9B | ||
| Q4 24 | $3.3B | $11.8B | ||
| Q3 24 | $3.3B | $11.9B | ||
| Q2 24 | $3.3B | $12.1B |
负债/权益比CRSRBA
| Q1 26 | 0.33× | — | ||
| 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 | $124.8M | $186.5M |
| 自由现金流率自由现金流/营收 | 15.4% | 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 | $407.5M | $719.2M |
8季度趋势，按日历期对齐
经营现金流CRSRBA
| Q1 26 | — | — | ||
| Q4 25 | $132.2M | $255.2M | ||
| Q3 25 | $39.2M | $239.7M | ||
| Q2 25 | $258.1M | $326.5M | ||
| Q1 25 | $74.2M | $156.8M | ||
| Q4 24 | $67.9M | $184.5M | ||
| Q3 24 | $40.2M | $285.4M | ||
| Q2 24 | $169.5M | $337.3M |
自由现金流CRSRBA
| Q1 26 | $124.8M | — | ||
| Q4 25 | $85.9M | $186.5M | ||
| Q3 25 | $-3.4M | $188.5M | ||
| Q2 25 | $200.2M | $241.7M | ||
| Q1 25 | $34.0M | $102.5M | ||
| Q4 24 | $38.6M | $127.9M | ||
| Q3 24 | $13.3M | $248.5M | ||
| Q2 24 | $141.8M | $308.6M |
自由现金流率CRSRBA
| Q1 26 | 15.4% | — | ||
| Q4 25 | 11.8% | 15.5% | ||
| Q3 25 | -0.5% | 17.3% | ||
| Q2 25 | 26.5% | 20.4% | ||
| Q1 25 | 4.7% | 9.2% | ||
| Q4 24 | 5.7% | 11.2% | ||
| Q3 24 | 1.9% | 25.3% | ||
| Q2 24 | 17.8% | 28.2% |
资本支出强度CRSRBA
| Q1 26 | — | — | ||
| Q4 25 | 6.4% | 5.7% | ||
| Q3 25 | 5.8% | 4.7% | ||
| Q2 25 | 7.7% | 7.2% | ||
| Q1 25 | 5.5% | 4.9% | ||
| Q4 24 | 4.3% | 5.0% | ||
| Q3 24 | 3.7% | 3.8% | ||
| Q2 24 | 3.5% | 2.6% |
现金转化率CRSRBA
| Q1 26 | — | — | ||
| Q4 25 | 1.26× | 2.33× | ||
| Q3 25 | 0.32× | 2.51× | ||
| Q2 25 | 2.31× | 2.97× | ||
| Q1 25 | 0.78× | 1.38× | ||
| Q4 24 | 0.81× | 1.56× | ||
| Q3 24 | 0.47× | 3.75× | ||
| Q2 24 | 1.81× | 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
CRS
| Aerospace and Defense | $435.6M | 54% |
| Surcharge revenue | $155.9M | 19% |
| Industrial and Consumer | $78.1M | 10% |
| Medical | $51.7M | 6% |
| Energy | $50.5M | 6% |
| Distribution | $20.4M | 3% |
| Transportation | $19.3M | 2% |
RBA
| Buyer Revenue | $577.2M | 48% |
| Seller Revenue | $255.2M | 21% |
| CA | $199.0M | 17% |
| Other | $124.7M | 10% |
| AU | $47.3M | 4% |
