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美国艺电（EA）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
美国艺电的季度营收约是利氏兄弟拍卖行的1.6倍（$1.9B vs $1.2B），利氏兄弟拍卖行净利率更高（9.1% vs 4.6%，领先4.5%），利氏兄弟拍卖行同比增速更快（5.4% vs 1.0%），过去两年利氏兄弟拍卖行的营收复合增速更高（6.3% vs 3.4%）
美国艺电（EA）是总部位于美国加利福尼亚州雷德伍德城的电子游戏企业，1982年5月由前苹果员工特里普·霍金斯创立。作为早期家用电脑游戏行业的先驱，公司将旗下游戏设计师与程序员称作“软件艺术家”，是全球知名的游戏厂商。
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。
EA vs RBA — 直观对比
营收规模更大
EA
是对方的1.6倍
$1.2B
营收增速更快
RBA
高出4.5%
1.0%
净利率更高
RBA
高出4.5%
4.6%
两年增速更快
RBA
近两年复合增速
3.4%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.9B | $1.2B |
| 净利润 | $88.0M | $109.7M |
| 毛利率 | 73.8% | — |
| 营业利润率 | 6.7% | 14.7% |
| 净利率 | 4.6% | 9.1% |
| 营收同比 | 1.0% | 5.4% |
| 净利润同比 | -70.0% | -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EARBA
| Q4 25 | $1.9B | $1.2B | ||
| Q3 25 | $1.8B | $1.1B | ||
| Q2 25 | $1.7B | $1.2B | ||
| Q1 25 | $1.9B | $1.1B | ||
| Q4 24 | $1.9B | $1.1B | ||
| Q3 24 | $2.0B | $981.8M | ||
| Q2 24 | $1.7B | $1.1B | ||
| Q1 24 | $1.8B | $1.1B |
净利润EARBA
| Q4 25 | $88.0M | $109.7M | ||
| Q3 25 | $137.0M | $95.5M | ||
| Q2 25 | $201.0M | $109.8M | ||
| Q1 25 | $254.0M | $113.4M | ||
| Q4 24 | $293.0M | $118.5M | ||
| Q3 24 | $294.0M | $76.1M | ||
| Q2 24 | $280.0M | $111.1M | ||
| Q1 24 | $182.0M | $107.4M |
毛利率EARBA
| Q4 25 | 73.8% | — | ||
| Q3 25 | 75.9% | — | ||
| Q2 25 | 83.3% | — | ||
| Q1 25 | 80.6% | — | ||
| Q4 24 | 75.8% | — | ||
| Q3 24 | 77.5% | — | ||
| Q2 24 | 84.2% | — | ||
| Q1 24 | 79.9% | — |
营业利润率EARBA
| Q4 25 | 6.7% | 14.7% | ||
| Q3 25 | 10.9% | 14.5% | ||
| Q2 25 | 16.2% | 15.9% | ||
| Q1 25 | 20.8% | 17.1% | ||
| Q4 24 | 20.0% | 18.1% | ||
| Q3 24 | 19.0% | 15.6% | ||
| Q2 24 | 21.9% | 18.4% | ||
| Q1 24 | 13.2% | 18.7% |
净利率EARBA
| Q4 25 | 4.6% | 9.1% | ||
| Q3 25 | 7.4% | 8.7% | ||
| Q2 25 | 12.0% | 9.3% | ||
| Q1 25 | 13.4% | 10.2% | ||
| Q4 24 | 15.6% | 10.4% | ||
| Q3 24 | 14.5% | 7.8% | ||
| Q2 24 | 16.9% | 10.1% | ||
| Q1 24 | 10.2% | 10.1% |
每股收益（稀释后）EARBA
| Q4 25 | $0.35 | $0.53 | ||
| Q3 25 | $0.54 | $0.43 | ||
| Q2 25 | $0.79 | $0.53 | ||
| Q1 25 | $0.99 | $0.55 | ||
| Q4 24 | $1.11 | $0.58 | ||
| Q3 24 | $1.11 | $0.36 | ||
| Q2 24 | $1.04 | $0.54 | ||
| Q1 24 | $0.67 | $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 | $2.8B | $531.5M |
| 总债务越低越好 | — | $2.3B |
| 股东权益账面价值 | $6.2B | $5.6B |
| 总资产 | $13.3B | $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EARBA
| Q4 25 | $2.8B | $531.5M | ||
| Q3 25 | $1.1B | $674.7M | ||
| Q2 25 | $1.5B | $710.2M | ||
| Q1 25 | $2.1B | $578.1M | ||
| Q4 24 | $2.8B | $533.9M | ||
| Q3 24 | $2.2B | $650.7M | ||
| Q2 24 | $2.4B | $599.5M | ||
| Q1 24 | $2.9B | $462.8M |
总债务EARBA
| 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EARBA
| Q4 25 | $6.2B | $5.6B | ||
| Q3 25 | $6.0B | $5.5B | ||
| Q2 25 | $6.1B | $5.5B | ||
| Q1 25 | $6.4B | $5.3B | ||
| Q4 24 | $7.4B | $5.2B | ||
| Q3 24 | $7.4B | $5.2B | ||
| Q2 24 | $7.4B | $5.2B | ||
| Q1 24 | $7.5B | $5.1B |
总资产EARBA
| Q4 25 | $13.3B | $12.1B | ||
| Q3 25 | $11.9B | $12.2B | ||
| Q2 25 | $11.7B | $12.2B | ||
| Q1 25 | $12.4B | $11.9B | ||
| Q4 24 | $13.5B | $11.8B | ||
| Q3 24 | $13.1B | $11.9B | ||
| Q2 24 | $12.7B | $12.1B | ||
| Q1 24 | $13.4B | $12.0B |
负债/权益比EARBA
| 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 | $1.8B | $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 | 20.75× | 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EARBA
| Q4 25 | $1.8B | $255.2M | ||
| Q3 25 | $130.0M | $239.7M | ||
| Q2 25 | $17.0M | $326.5M | ||
| Q1 25 | $549.0M | $156.8M | ||
| Q4 24 | $1.2B | $184.5M | ||
| Q3 24 | $234.0M | $285.4M | ||
| Q2 24 | $120.0M | $337.3M | ||
| Q1 24 | $580.0M | $124.8M |
自由现金流EARBA
| 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 | ||
| Q1 24 | — | $79.6M |
自由现金流率EARBA
| 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% | ||
| Q1 24 | — | 7.5% |
资本支出强度EARBA
| 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% | ||
| Q1 24 | — | 4.2% |
现金转化率EARBA
| Q4 25 | 20.75× | 2.33× | ||
| Q3 25 | 0.95× | 2.51× | ||
| Q2 25 | 0.08× | 2.97× | ||
| Q1 25 | 2.16× | 1.38× | ||
| Q4 24 | 4.01× | 1.56× | ||
| Q3 24 | 0.80× | 3.75× | ||
| Q2 24 | 0.43× | 3.04× | ||
| Q1 24 | 3.19× | 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
EA
| Live Services And Other Net Revenue | $1.3B | 67% |
| PC And Other Net Revenue | $465.0M | 24% |
| Packaged Goods Net Revenue | $86.0M | 5% |
| Other | $56.0M | 3% |
| Estimated Service Offering Period | $25.0M | 1% |
RBA
| Buyer Revenue | $577.2M | 48% |
| Seller Revenue | $255.2M | 21% |
| CA | $199.0M | 17% |
| Other | $124.7M | 10% |
| AU | $47.3M | 4% |
