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Designer Brands Inc.（DBI）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Designer Brands Inc.的1.6倍（$1.2B vs $752.4M），利氏兄弟拍卖行净利率更高（9.1% vs 2.4%，领先6.7%），利氏兄弟拍卖行同比增速更快（5.4% vs -3.2%），利氏兄弟拍卖行自由现金流更多（$186.5M vs $57.5M），过去两年利氏兄弟拍卖行的营收复合增速更高（6.3% vs -0.1%）
Designer Brands Inc.是一家美国鞋履及时尚配饰零售商，主打销售设计师品牌与知名品牌商品，旗下拥有知名连锁零售品牌DSW（设计师鞋履仓库），目前在美国经营超过500家线下门店，同时运营线上电商平台。
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。
DBI vs RBA — 直观对比
营收规模更大
RBA
是对方的1.6倍
$752.4M
营收增速更快
RBA
高出8.6%
-3.2%
净利率更高
RBA
高出6.7%
2.4%
自由现金流更多
RBA
多$129.0M
$57.5M
两年增速更快
RBA
近两年复合增速
-0.1%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $752.4M | $1.2B |
| 净利润 | $18.2M | $109.7M |
| 毛利率 | 45.1% | — |
| 营业利润率 | 5.7% | 14.7% |
| 净利率 | 2.4% | 9.1% |
| 营收同比 | -3.2% | 5.4% |
| 净利润同比 | 40.0% | -7.4% |
| 每股收益（稀释后） | $0.35 | $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DBIRBA
| Q4 25 | $752.4M | $1.2B | ||
| Q3 25 | $739.8M | $1.1B | ||
| Q2 25 | $686.9M | $1.2B | ||
| Q1 25 | $713.6M | $1.1B | ||
| Q4 24 | $777.2M | $1.1B | ||
| Q3 24 | $771.9M | $981.8M | ||
| Q2 24 | $746.6M | $1.1B | ||
| Q1 24 | $754.3M | $1.1B |
净利润DBIRBA
| Q4 25 | $18.2M | $109.7M | ||
| Q3 25 | $10.8M | $95.5M | ||
| Q2 25 | $-17.4M | $109.8M | ||
| Q1 25 | $-38.2M | $113.4M | ||
| Q4 24 | $13.0M | $118.5M | ||
| Q3 24 | $13.8M | $76.1M | ||
| Q2 24 | $783.0K | $111.1M | ||
| Q1 24 | $-29.6M | $107.4M |
毛利率DBIRBA
| Q4 25 | 45.1% | — | ||
| Q3 25 | 43.7% | — | ||
| Q2 25 | 43.0% | — | ||
| Q1 25 | 75.7% | — | ||
| Q4 24 | 43.0% | — | ||
| Q3 24 | 44.0% | — | ||
| Q2 24 | 44.2% | — | ||
| Q1 24 | 38.8% | — |
营业利润率DBIRBA
| Q4 25 | 5.7% | 14.7% | ||
| Q3 25 | 3.6% | 14.5% | ||
| Q2 25 | -1.1% | 15.9% | ||
| Q1 25 | -3.6% | 17.1% | ||
| Q4 24 | 2.9% | 18.1% | ||
| Q3 24 | 3.7% | 15.6% | ||
| Q2 24 | 1.3% | 18.4% | ||
| Q1 24 | -4.8% | 18.7% |
净利率DBIRBA
| Q4 25 | 2.4% | 9.1% | ||
| Q3 25 | 1.5% | 8.7% | ||
| Q2 25 | -2.5% | 9.3% | ||
| Q1 25 | -5.3% | 10.2% | ||
| Q4 24 | 1.7% | 10.4% | ||
| Q3 24 | 1.8% | 7.8% | ||
| Q2 24 | 0.1% | 10.1% | ||
| Q1 24 | -3.9% | 10.1% |
每股收益（稀释后）DBIRBA
| Q4 25 | $0.35 | $0.53 | ||
| Q3 25 | $0.22 | $0.43 | ||
| Q2 25 | $-0.36 | $0.53 | ||
| Q1 25 | $-0.69 | $0.55 | ||
| Q4 24 | $0.24 | $0.58 | ||
| Q3 24 | $0.24 | $0.36 | ||
| Q2 24 | $0.01 | $0.54 | ||
| Q1 24 | $-899.54 | $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 | $51.4M | $531.5M |
| 总债务越低越好 | $463.1M | $2.3B |
| 股东权益账面价值 | $298.6M | $5.6B |
| 总资产 | $2.1B | $12.1B |
| 负债/权益比越低杠杆越低 | 1.55× | 0.42× |
8季度趋势，按日历期对齐
现金及短期投资DBIRBA
| Q4 25 | $51.4M | $531.5M | ||
| Q3 25 | $44.9M | $674.7M | ||
| Q2 25 | $46.0M | $710.2M | ||
| Q1 25 | $44.8M | $578.1M | ||
| Q4 24 | $36.2M | $533.9M | ||
| Q3 24 | $38.8M | $650.7M | ||
| Q2 24 | $43.4M | $599.5M | ||
| Q1 24 | $49.2M | $462.8M |
总债务DBIRBA
| Q4 25 | $463.1M | $2.3B | ||
| Q3 25 | $509.6M | $2.6B | ||
| Q2 25 | $516.2M | $2.6B | ||
| Q1 25 | $484.3M | $2.6B | ||
| Q4 24 | $529.6M | $2.6B | ||
| Q3 24 | $459.0M | $2.7B | ||
| Q2 24 | $469.3M | $2.8B | ||
| Q1 24 | $420.3M | $2.9B |
股东权益DBIRBA
| Q4 25 | $298.6M | $5.6B | ||
| Q3 25 | $280.8M | $5.5B | ||
| Q2 25 | $266.9M | $5.5B | ||
| Q1 25 | $278.5M | $5.3B | ||
| Q4 24 | $318.5M | $5.2B | ||
| Q3 24 | $355.5M | $5.2B | ||
| Q2 24 | $358.5M | $5.2B | ||
| Q1 24 | $359.2M | $5.1B |
总资产DBIRBA
| Q4 25 | $2.1B | $12.1B | ||
| Q3 25 | $2.1B | $12.2B | ||
| Q2 25 | $2.1B | $12.2B | ||
| Q1 25 | $2.0B | $11.9B | ||
| Q4 24 | $2.1B | $11.8B | ||
| Q3 24 | $2.1B | $11.9B | ||
| Q2 24 | $2.2B | $12.1B | ||
| Q1 24 | $2.1B | $12.0B |
负债/权益比DBIRBA
| Q4 25 | 1.55× | 0.42× | ||
| Q3 25 | 1.81× | 0.47× | ||
| Q2 25 | 1.93× | 0.47× | ||
| Q1 25 | 1.74× | 0.50× | ||
| Q4 24 | 1.66× | 0.50× | ||
| Q3 24 | 1.29× | 0.52× | ||
| Q2 24 | 1.31× | 0.55× | ||
| Q1 24 | 1.17× | 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 | $66.5M | $255.2M |
| 自由现金流经营现金流 - 资本支出 | $57.5M | $186.5M |
| 自由现金流率自由现金流/营收 | 7.6% | 15.5% |
| 资本支出强度资本支出/营收 | 1.2% | 5.7% |
| 现金转化率经营现金流/净利润 | 3.65× | 2.33× |
| 过去12个月自由现金流最近4个季度 | $99.9M | $719.2M |
8季度趋势，按日历期对齐
经营现金流DBIRBA
| Q4 25 | $66.5M | $255.2M | ||
| Q3 25 | $21.4M | $239.7M | ||
| Q2 25 | $-20.4M | $326.5M | ||
| Q1 25 | $70.1M | $156.8M | ||
| Q4 24 | $-9.8M | $184.5M | ||
| Q3 24 | $41.6M | $285.4M | ||
| Q2 24 | $-19.7M | $337.3M | ||
| Q1 24 | $-40.1M | $124.8M |
自由现金流DBIRBA
| Q4 25 | $57.5M | $186.5M | ||
| Q3 25 | $11.9M | $188.5M | ||
| Q2 25 | $-27.6M | $241.7M | ||
| Q1 25 | $58.1M | $102.5M | ||
| Q4 24 | $-19.2M | $127.9M | ||
| Q3 24 | $28.0M | $248.5M | ||
| Q2 24 | $-35.6M | $308.6M | ||
| Q1 24 | $-52.8M | $79.6M |
自由现金流率DBIRBA
| Q4 25 | 7.6% | 15.5% | ||
| Q3 25 | 1.6% | 17.3% | ||
| Q2 25 | -4.0% | 20.4% | ||
| Q1 25 | 8.1% | 9.2% | ||
| Q4 24 | -2.5% | 11.2% | ||
| Q3 24 | 3.6% | 25.3% | ||
| Q2 24 | -4.8% | 28.2% | ||
| Q1 24 | -7.0% | 7.5% |
资本支出强度DBIRBA
| Q4 25 | 1.2% | 5.7% | ||
| Q3 25 | 1.3% | 4.7% | ||
| Q2 25 | 1.1% | 7.2% | ||
| Q1 25 | 1.7% | 4.9% | ||
| Q4 24 | 1.2% | 5.0% | ||
| Q3 24 | 1.8% | 3.8% | ||
| Q2 24 | 2.1% | 2.6% | ||
| Q1 24 | 1.7% | 4.2% |
现金转化率DBIRBA
| Q4 25 | 3.65× | 2.33× | ||
| Q3 25 | 1.98× | 2.51× | ||
| Q2 25 | — | 2.97× | ||
| Q1 25 | — | 1.38× | ||
| Q4 24 | -0.75× | 1.56× | ||
| Q3 24 | 3.01× | 3.75× | ||
| Q2 24 | -25.13× | 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
DBI
| Womens | $280.7M | 37% |
| Athletic Footwear | $188.6M | 25% |
| Wholesale | $89.8M | 12% |
| Canada Retail Segment | $77.3M | 10% |
| Mens | $76.1M | 10% |
| Kids | $24.2M | 3% |
| Commission Income | $10.8M | 1% |
| Directto Consumer | $1.3M | 0% |
RBA
| Buyer Revenue | $577.2M | 48% |
| Seller Revenue | $255.2M | 21% |
| CA | $199.0M | 17% |
| Other | $124.7M | 10% |
| AU | $47.3M | 4% |
