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Digital Realty（DLR）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
Digital Realty的季度营收约是利氏兄弟拍卖行的1.4倍（$1.6B vs $1.2B），利氏兄弟拍卖行净利率更高（9.1% vs 6.0%，领先3.1%），Digital Realty同比增速更快（16.1% vs 5.4%），过去两年Digital Realty的营收复合增速更高（9.8% vs 6.3%）
Digital Realty是一家全球知名的不动产投资信托企业，核心业务涵盖全球各地运营商中立数据中心的持有、运营与投资，可为客户提供数据中心部署、主机托管、网络互联等多元专业服务，能够满足不同企业对算力基础设施、数据存储及网络连接的多样化需求。
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。
DLR vs RBA — 直观对比
营收规模更大
DLR
是对方的1.4倍
$1.2B
营收增速更快
DLR
高出10.7%
5.4%
净利率更高
RBA
高出3.1%
6.0%
两年增速更快
DLR
近两年复合增速
6.3%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.6B | $1.2B |
| 净利润 | $98.6M | $109.7M |
| 毛利率 | — | — |
| 营业利润率 | 6.9% | 14.7% |
| 净利率 | 6.0% | 9.1% |
| 营收同比 | 16.1% | 5.4% |
| 净利润同比 | -10.3% | -7.4% |
| 每股收益（稀释后） | $0.22 | $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DLRRBA
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.6B | $1.2B | ||
| Q3 25 | $1.6B | $1.1B | ||
| Q2 25 | $1.5B | $1.2B | ||
| Q1 25 | $1.4B | $1.1B | ||
| Q4 24 | $1.4B | $1.1B | ||
| Q3 24 | $1.4B | $981.8M | ||
| Q2 24 | $1.4B | $1.1B |
净利润DLRRBA
| Q1 26 | $98.6M | — | ||
| Q4 25 | $98.6M | $109.7M | ||
| Q3 25 | $67.8M | $95.5M | ||
| Q2 25 | $1.0B | $109.8M | ||
| Q1 25 | $110.0M | $113.4M | ||
| Q4 24 | $189.6M | $118.5M | ||
| Q3 24 | $51.2M | $76.1M | ||
| Q2 24 | $80.2M | $111.1M |
营业利润率DLRRBA
| Q1 26 | 6.9% | — | ||
| Q4 25 | 6.9% | 14.7% | ||
| Q3 25 | 8.8% | 14.5% | ||
| Q2 25 | 14.2% | 15.9% | ||
| Q1 25 | 13.9% | 17.1% | ||
| Q4 24 | 10.1% | 18.1% | ||
| Q3 24 | 11.8% | 15.6% | ||
| Q2 24 | 0.7% | 18.4% |
净利率DLRRBA
| Q1 26 | 6.0% | — | ||
| Q4 25 | 6.0% | 9.1% | ||
| Q3 25 | 4.3% | 8.7% | ||
| Q2 25 | 69.1% | 9.3% | ||
| Q1 25 | 7.8% | 10.2% | ||
| Q4 24 | 13.2% | 10.4% | ||
| Q3 24 | 3.6% | 7.8% | ||
| Q2 24 | 5.9% | 10.1% |
每股收益（稀释后）DLRRBA
| Q1 26 | $0.22 | — | ||
| Q4 25 | $0.22 | $0.53 | ||
| Q3 25 | $0.15 | $0.43 | ||
| Q2 25 | $2.94 | $0.53 | ||
| Q1 25 | $0.27 | $0.55 | ||
| Q4 24 | $0.50 | $0.58 | ||
| Q3 24 | $0.09 | $0.36 | ||
| Q2 24 | $0.20 | $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 | $3.5B | $531.5M |
| 总债务越低越好 | — | $2.3B |
| 股东权益账面价值 | $22.9B | $5.6B |
| 总资产 | $49.4B | $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DLRRBA
| Q1 26 | $3.5B | — | ||
| Q4 25 | $3.5B | $531.5M | ||
| Q3 25 | $3.3B | $674.7M | ||
| Q2 25 | $3.6B | $710.2M | ||
| Q1 25 | $2.3B | $578.1M | ||
| Q4 24 | $3.9B | $533.9M | ||
| Q3 24 | $2.2B | $650.7M | ||
| Q2 24 | $2.3B | $599.5M |
总债务DLRRBA
| Q1 26 | — | — | ||
| 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DLRRBA
| Q1 26 | $22.9B | — | ||
| Q4 25 | $22.9B | $5.6B | ||
| Q3 25 | $23.0B | $5.5B | ||
| Q2 25 | $22.9B | $5.5B | ||
| Q1 25 | $21.3B | $5.3B | ||
| Q4 24 | $21.3B | $5.2B | ||
| Q3 24 | $21.2B | $5.2B | ||
| Q2 24 | $20.5B | $5.2B |
总资产DLRRBA
| Q1 26 | $49.4B | — | ||
| Q4 25 | $49.4B | $12.1B | ||
| Q3 25 | $48.7B | $12.2B | ||
| Q2 25 | $48.7B | $12.2B | ||
| Q1 25 | $45.1B | $11.9B | ||
| Q4 24 | $45.3B | $11.8B | ||
| Q3 24 | $45.3B | $11.9B | ||
| Q2 24 | $43.6B | $12.1B |
负债/权益比DLRRBA
| Q1 26 | — | — | ||
| 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 | — | $186.5M |
| 自由现金流率自由现金流/营收 | — | 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 | — | $719.2M |
8季度趋势，按日历期对齐
经营现金流DLRRBA
| Q1 26 | — | — | ||
| Q4 25 | $719.0M | $255.2M | ||
| Q3 25 | $652.9M | $239.7M | ||
| Q2 25 | $641.2M | $326.5M | ||
| Q1 25 | $399.1M | $156.8M | ||
| Q4 24 | $769.5M | $184.5M | ||
| Q3 24 | $566.5M | $285.4M | ||
| Q2 24 | $573.2M | $337.3M |
自由现金流DLRRBA
| Q1 26 | — | — | ||
| Q4 25 | — | $186.5M | ||
| Q3 25 | — | $188.5M | ||
| Q2 25 | — | $241.7M | ||
| Q1 25 | — | $102.5M | ||
| Q4 24 | — | $127.9M | ||
| Q3 24 | — | $248.5M | ||
| Q2 24 | — | $308.6M |
自由现金流率DLRRBA
| Q1 26 | — | — | ||
| Q4 25 | — | 15.5% | ||
| Q3 25 | — | 17.3% | ||
| Q2 25 | — | 20.4% | ||
| Q1 25 | — | 9.2% | ||
| Q4 24 | — | 11.2% | ||
| Q3 24 | — | 25.3% | ||
| Q2 24 | — | 28.2% |
资本支出强度DLRRBA
| Q1 26 | — | — | ||
| Q4 25 | — | 5.7% | ||
| Q3 25 | — | 4.7% | ||
| Q2 25 | — | 7.2% | ||
| Q1 25 | — | 4.9% | ||
| Q4 24 | — | 5.0% | ||
| Q3 24 | — | 3.8% | ||
| Q2 24 | — | 2.6% |
现金转化率DLRRBA
| Q1 26 | — | — | ||
| Q4 25 | 7.29× | 2.33× | ||
| Q3 25 | 9.63× | 2.51× | ||
| Q2 25 | 0.62× | 2.97× | ||
| Q1 25 | 3.63× | 1.38× | ||
| Q4 24 | 4.06× | 1.56× | ||
| Q3 24 | 11.07× | 3.75× | ||
| Q2 24 | 7.15× | 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
DLR
暂无分部数据
RBA
| Buyer Revenue | $577.2M | 48% |
| Seller Revenue | $255.2M | 21% |
| CA | $199.0M | 17% |
| Other | $124.7M | 10% |
| AU | $47.3M | 4% |
