vs
FISERV INC（FISV）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
FISERV INC的季度营收约是利氏兄弟拍卖行的4.4倍（$5.3B vs $1.2B）。FISERV INC净利率更高（15.3% vs 9.1%，领先6.2%）。利氏兄弟拍卖行同比增速更快（5.4% vs 0.6%）。FISERV INC自由现金流更多（$1.5B vs $186.5M）。过去两年利氏兄弟拍卖行的营收复合增速更高（6.3% vs 4.0%）
Fiserv是总部位于美国威斯康星州密尔沃基的跨国金融科技企业，面向银行机构提供借记卡、信用卡交易处理、忠诚度计划管理、贷款服务、电子账单支付、电汇及ACH转账、支票存款、ATM交易处理等解决方案，同时生产借记卡、信用卡及POS终端设备。
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。
FISV vs RBA — 直观对比
营收规模更大
FISV
是对方的4.4倍
$1.2B
营收增速更快
RBA
高出4.8%
0.6%
净利率更高
FISV
高出6.2%
9.1%
自由现金流更多
FISV
多$1.3B
$186.5M
两年增速更快
RBA
近两年复合增速
4.0%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $5.3B | $1.2B |
| 净利润 | $811.0M | $109.7M |
| 毛利率 | — | — |
| 营业利润率 | 24.4% | 14.7% |
| 净利率 | 15.3% | 9.1% |
| 营收同比 | 0.6% | 5.4% |
| 净利润同比 | -13.5% | -7.4% |
| 每股收益（稀释后） | $1.51 | $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FISVRBA
| Q4 25 | $5.3B | $1.2B | ||
| Q3 25 | $5.3B | $1.1B | ||
| Q2 25 | $5.5B | $1.2B | ||
| Q1 25 | $5.1B | $1.1B | ||
| Q4 24 | $5.3B | $1.1B | ||
| Q3 24 | $5.2B | $981.8M | ||
| Q2 24 | $5.1B | $1.1B | ||
| Q1 24 | $4.9B | $1.1B |
净利润FISVRBA
| Q4 25 | $811.0M | $109.7M | ||
| Q3 25 | $792.0M | $95.5M | ||
| Q2 25 | $1.0B | $109.8M | ||
| Q1 25 | $851.0M | $113.4M | ||
| Q4 24 | $938.0M | $118.5M | ||
| Q3 24 | $564.0M | $76.1M | ||
| Q2 24 | $894.0M | $111.1M | ||
| Q1 24 | $735.0M | $107.4M |
营业利润率FISVRBA
| Q4 25 | 24.4% | 14.7% | ||
| Q3 25 | 27.3% | 14.5% | ||
| Q2 25 | 30.7% | 15.9% | ||
| Q1 25 | 27.2% | 17.1% | ||
| Q4 24 | 31.8% | 18.1% | ||
| Q3 24 | 30.7% | 15.6% | ||
| Q2 24 | 28.0% | 18.4% | ||
| Q1 24 | 24.2% | 18.7% |
净利率FISVRBA
| Q4 25 | 15.3% | 9.1% | ||
| Q3 25 | 15.0% | 8.7% | ||
| Q2 25 | 18.6% | 9.3% | ||
| Q1 25 | 16.6% | 10.2% | ||
| Q4 24 | 17.9% | 10.4% | ||
| Q3 24 | 10.8% | 7.8% | ||
| Q2 24 | 17.5% | 10.1% | ||
| Q1 24 | 15.1% | 10.1% |
每股收益（稀释后）FISVRBA
| Q4 25 | $1.51 | $0.53 | ||
| Q3 25 | $1.46 | $0.43 | ||
| Q2 25 | $1.86 | $0.53 | ||
| Q1 25 | $1.51 | $0.55 | ||
| Q4 24 | $1.63 | $0.58 | ||
| Q3 24 | $0.98 | $0.36 | ||
| Q2 24 | $1.53 | $0.54 | ||
| Q1 24 | $1.24 | $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 | $798.0M | $531.5M |
| 总债务越低越好 | $27.8B | $2.3B |
| 股东权益账面价值 | $25.8B | $5.6B |
| 总资产 | $80.1B | $12.1B |
| 负债/权益比越低杠杆越低 | 1.08× | 0.42× |
8季度趋势，按日历期对齐
现金及短期投资FISVRBA
| Q4 25 | $798.0M | $531.5M | ||
| Q3 25 | $1.1B | $674.7M | ||
| Q2 25 | $999.0M | $710.2M | ||
| Q1 25 | $1.2B | $578.1M | ||
| Q4 24 | $1.2B | $533.9M | ||
| Q3 24 | $1.2B | $650.7M | ||
| Q2 24 | $1.2B | $599.5M | ||
| Q1 24 | $1.2B | $462.8M |
总债务FISVRBA
| Q4 25 | $27.8B | $2.3B | ||
| Q3 25 | $28.9B | $2.6B | ||
| Q2 25 | $28.1B | $2.6B | ||
| Q1 25 | $27.0B | $2.6B | ||
| Q4 24 | $23.7B | $2.6B | ||
| Q3 24 | $24.1B | $2.7B | ||
| Q2 24 | $24.4B | $2.8B | ||
| Q1 24 | $23.8B | $2.9B |
股东权益FISVRBA
| Q4 25 | $25.8B | $5.6B | ||
| Q3 25 | $25.1B | $5.5B | ||
| Q2 25 | $25.2B | $5.5B | ||
| Q1 25 | $25.9B | $5.3B | ||
| Q4 24 | $27.1B | $5.2B | ||
| Q3 24 | $27.8B | $5.2B | ||
| Q2 24 | $28.2B | $5.2B | ||
| Q1 24 | $28.8B | $5.1B |
总资产FISVRBA
| Q4 25 | $80.1B | $12.1B | ||
| Q3 25 | $79.4B | $12.2B | ||
| Q2 25 | $81.5B | $12.2B | ||
| Q1 25 | $80.4B | $11.9B | ||
| Q4 24 | $77.2B | $11.8B | ||
| Q3 24 | $79.8B | $11.9B | ||
| Q2 24 | $93.4B | $12.1B | ||
| Q1 24 | $92.7B | $12.0B |
负债/权益比FISVRBA
| Q4 25 | 1.08× | 0.42× | ||
| Q3 25 | 1.15× | 0.47× | ||
| Q2 25 | 1.11× | 0.47× | ||
| Q1 25 | 1.04× | 0.50× | ||
| Q4 24 | 0.88× | 0.50× | ||
| Q3 24 | 0.87× | 0.52× | ||
| Q2 24 | 0.87× | 0.55× | ||
| Q1 24 | 0.82× | 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 | $1.9B | $255.2M |
| 自由现金流经营现金流 - 资本支出 | $1.5B | $186.5M |
| 自由现金流率自由现金流/营收 | 28.4% | 15.5% |
| 资本支出强度资本支出/营收 | 8.4% | 5.7% |
| 现金转化率经营现金流/净利润 | 2.40× | 2.33× |
| 过去12个月自由现金流最近4个季度 | $4.3B | $719.2M |
8季度趋势，按日历期对齐
经营现金流FISVRBA
| Q4 25 | $1.9B | $255.2M | ||
| Q3 25 | $1.8B | $239.7M | ||
| Q2 25 | $1.7B | $326.5M | ||
| Q1 25 | $648.0M | $156.8M | ||
| Q4 24 | $2.2B | $184.5M | ||
| Q3 24 | $2.2B | $285.4M | ||
| Q2 24 | $1.3B | $337.3M | ||
| Q1 24 | $831.0M | $124.8M |
自由现金流FISVRBA
| Q4 25 | $1.5B | $186.5M | ||
| Q3 25 | $1.3B | $188.5M | ||
| Q2 25 | $1.2B | $241.7M | ||
| Q1 25 | $313.0M | $102.5M | ||
| Q4 24 | $1.8B | $127.9M | ||
| Q3 24 | $1.8B | $248.5M | ||
| Q2 24 | $993.0M | $308.6M | ||
| Q1 24 | $411.0M | $79.6M |
自由现金流率FISVRBA
| Q4 25 | 28.4% | 15.5% | ||
| Q3 25 | 24.7% | 17.3% | ||
| Q2 25 | 21.5% | 20.4% | ||
| Q1 25 | 6.1% | 9.2% | ||
| Q4 24 | 34.7% | 11.2% | ||
| Q3 24 | 35.2% | 25.3% | ||
| Q2 24 | 19.4% | 28.2% | ||
| Q1 24 | 8.4% | 7.5% |
资本支出强度FISVRBA
| Q4 25 | 8.4% | 5.7% | ||
| Q3 25 | 9.6% | 4.7% | ||
| Q2 25 | 8.7% | 7.2% | ||
| Q1 25 | 6.5% | 4.9% | ||
| Q4 24 | 7.6% | 5.0% | ||
| Q3 24 | 7.7% | 3.8% | ||
| Q2 24 | 6.8% | 2.6% | ||
| Q1 24 | 8.6% | 4.2% |
现金转化率FISVRBA
| Q4 25 | 2.40× | 2.33× | ||
| Q3 25 | 2.28× | 2.51× | ||
| Q2 25 | 1.62× | 2.97× | ||
| Q1 25 | 0.76× | 1.38× | ||
| Q4 24 | 2.37× | 1.56× | ||
| Q3 24 | 3.97× | 3.75× | ||
| Q2 24 | 1.50× | 3.04× | ||
| Q1 24 | 1.13× | 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
FISV
| Small Business | $1.7B | 32% |
| Products | $1.0B | 19% |
| Digital Payments | $960.0M | 18% |
| Issuing | $792.0M | 15% |
| Enterprise | $587.0M | 11% |
| Processing | $265.0M | 5% |
| Affiliated Entity | $18.0M | 0% |
RBA
| Buyer Revenue | $577.2M | 48% |
| Seller Revenue | $255.2M | 21% |
| CA | $199.0M | 17% |
| Other | $124.7M | 10% |
| AU | $47.3M | 4% |
