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Equity Residential（EQR）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Equity Residential的1.5倍（$1.2B vs $781.9M），Equity Residential净利率更高（48.9% vs 9.1%，领先39.8%），利氏兄弟拍卖行同比增速更快（5.4% vs 2.0%），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%）
Equity Residential是总部位于美国的公开上市房地产投资信托基金（REIT），核心业务聚焦公寓类不动产投资，在全美多地持有大量优质公寓资产，深耕租赁住房市场，拥有成熟的运营管理经验和突出的行业竞争优势。
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。
EQR vs RBA — 直观对比
营收规模更大
RBA
是对方的1.5倍
$781.9M
营收增速更快
RBA
高出3.4%
2.0%
净利率更高
EQR
高出39.8%
9.1%
两年增速更快
RBA
近两年复合增速
3.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $781.9M | $1.2B |
| 净利润 | $382.1M | $109.7M |
| 毛利率 | — | — |
| 营业利润率 | 50.6% | 14.7% |
| 净利率 | 48.9% | 9.1% |
| 营收同比 | 2.0% | 5.4% |
| 净利润同比 | -8.8% | -7.4% |
| 每股收益（稀释后） | $1.01 | $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EQRRBA
| Q4 25 | $781.9M | $1.2B | ||
| Q3 25 | $782.4M | $1.1B | ||
| Q2 25 | $768.8M | $1.2B | ||
| Q1 25 | $760.8M | $1.1B | ||
| Q4 24 | $766.8M | $1.1B | ||
| Q3 24 | $748.3M | $981.8M | ||
| Q2 24 | $734.2M | $1.1B | ||
| Q1 24 | $730.8M | $1.1B |
净利润EQRRBA
| Q4 25 | $382.1M | $109.7M | ||
| Q3 25 | $289.1M | $95.5M | ||
| Q2 25 | $192.4M | $109.8M | ||
| Q1 25 | $256.6M | $113.4M | ||
| Q4 24 | $419.1M | $118.5M | ||
| Q3 24 | $143.4M | $76.1M | ||
| Q2 24 | $177.5M | $111.1M | ||
| Q1 24 | $295.8M | $107.4M |
营业利润率EQRRBA
| Q4 25 | 50.6% | 14.7% | ||
| Q3 25 | 38.5% | 14.5% | ||
| Q2 25 | 26.6% | 15.9% | ||
| Q1 25 | 35.7% | 17.1% | ||
| Q4 24 | 57.2% | 18.1% | ||
| Q3 24 | 20.1% | 15.6% | ||
| Q2 24 | 25.3% | 18.4% | ||
| Q1 24 | 42.0% | 18.7% |
净利率EQRRBA
| Q4 25 | 48.9% | 9.1% | ||
| Q3 25 | 36.9% | 8.7% | ||
| Q2 25 | 25.0% | 9.3% | ||
| Q1 25 | 33.7% | 10.2% | ||
| Q4 24 | 54.7% | 10.4% | ||
| Q3 24 | 19.2% | 7.8% | ||
| Q2 24 | 24.2% | 10.1% | ||
| Q1 24 | 40.5% | 10.1% |
每股收益（稀释后）EQRRBA
| Q4 25 | $1.01 | $0.53 | ||
| Q3 25 | $0.76 | $0.43 | ||
| Q2 25 | $0.50 | $0.53 | ||
| Q1 25 | $0.67 | $0.55 | ||
| Q4 24 | $1.10 | $0.58 | ||
| Q3 24 | $0.38 | $0.36 | ||
| Q2 24 | $0.47 | $0.54 | ||
| Q1 24 | $0.77 | $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 | $55.9M | $531.5M |
| 总债务越低越好 | $8.2B | $2.3B |
| 股东权益账面价值 | $11.0B | $5.6B |
| 总资产 | $20.7B | $12.1B |
| 负债/权益比越低杠杆越低 | 0.75× | 0.42× |
8季度趋势，按日历期对齐
现金及短期投资EQRRBA
| Q4 25 | $55.9M | $531.5M | ||
| Q3 25 | $93.1M | $674.7M | ||
| Q2 25 | $31.3M | $710.2M | ||
| Q1 25 | $39.8M | $578.1M | ||
| Q4 24 | $62.3M | $533.9M | ||
| Q3 24 | $28.6M | $650.7M | ||
| Q2 24 | $38.3M | $599.5M | ||
| Q1 24 | $44.5M | $462.8M |
总债务EQRRBA
| Q4 25 | $8.2B | $2.3B | ||
| Q3 25 | — | $2.6B | ||
| Q2 25 | — | $2.6B | ||
| Q1 25 | — | $2.6B | ||
| Q4 24 | $8.2B | $2.6B | ||
| Q3 24 | — | $2.7B | ||
| Q2 24 | — | $2.8B | ||
| Q1 24 | — | $2.9B |
股东权益EQRRBA
| Q4 25 | $11.0B | $5.6B | ||
| Q3 25 | $11.1B | $5.5B | ||
| Q2 25 | $11.0B | $5.5B | ||
| Q1 25 | $11.0B | $5.3B | ||
| Q4 24 | $11.0B | $5.2B | ||
| Q3 24 | $10.9B | $5.2B | ||
| Q2 24 | $11.0B | $5.2B | ||
| Q1 24 | $11.1B | $5.1B |
总资产EQRRBA
| Q4 25 | $20.7B | $12.1B | ||
| Q3 25 | $21.1B | $12.2B | ||
| Q2 25 | $21.0B | $12.2B | ||
| Q1 25 | $20.6B | $11.9B | ||
| Q4 24 | $20.8B | $11.8B | ||
| Q3 24 | $20.9B | $11.9B | ||
| Q2 24 | $19.8B | $12.1B | ||
| Q1 24 | $19.9B | $12.0B |
负债/权益比EQRRBA
| Q4 25 | 0.75× | 0.42× | ||
| Q3 25 | — | 0.47× | ||
| Q2 25 | — | 0.47× | ||
| Q1 25 | — | 0.50× | ||
| Q4 24 | 0.74× | 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 | $387.0M | $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 | 1.01× | 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EQRRBA
| Q4 25 | $387.0M | $255.2M | ||
| Q3 25 | $476.7M | $239.7M | ||
| Q2 25 | $359.5M | $326.5M | ||
| Q1 25 | $425.5M | $156.8M | ||
| Q4 24 | $354.2M | $184.5M | ||
| Q3 24 | $401.4M | $285.4M | ||
| Q2 24 | $396.9M | $337.3M | ||
| Q1 24 | $421.0M | $124.8M |
自由现金流EQRRBA
| 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EQRRBA
| 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EQRRBA
| 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EQRRBA
| Q4 25 | 1.01× | 2.33× | ||
| Q3 25 | 1.65× | 2.51× | ||
| Q2 25 | 1.87× | 2.97× | ||
| Q1 25 | 1.66× | 1.38× | ||
| Q4 24 | 0.85× | 1.56× | ||
| Q3 24 | 2.80× | 3.75× | ||
| Q2 24 | 2.24× | 3.04× | ||
| Q1 24 | 1.42× | 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
EQR
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% |
