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FMC CORP（FMC）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FMC CORP的1.6倍（$1.2B vs $759.0M），利氏兄弟拍卖行净利率更高（9.1% vs -37.0%，领先46.2%），利氏兄弟拍卖行同比增速更快（5.4% vs -4.0%），利氏兄弟拍卖行自由现金流更多（$186.5M vs $-628.1M），过去两年利氏兄弟拍卖行的营收复合增速更高（6.3% vs -14.5%）
FMC公司是总部位于美国宾夕法尼亚州费城的化工制造企业，1883年创立之初以生产杀虫剂为主，后续逐步拓展业务至其他领域。二战期间曾为美国陆军部设计生产两栖履带登陆车，目前在全球拥有7000名员工，业务布局广泛。
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。
FMC vs RBA — 直观对比
营收规模更大
RBA
是对方的1.6倍
$759.0M
营收增速更快
RBA
高出9.5%
-4.0%
净利率更高
RBA
高出46.2%
-37.0%
自由现金流更多
RBA
多$814.6M
$-628.1M
两年增速更快
RBA
近两年复合增速
-14.5%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $759.0M | $1.2B |
| 净利润 | $-281.2M | $109.7M |
| 毛利率 | — | — |
| 营业利润率 | -10.6% | 14.7% |
| 净利率 | -37.0% | 9.1% |
| 营收同比 | -4.0% | 5.4% |
| 净利润同比 | — | -7.4% |
| 每股收益（稀释后） | $-2.25 | $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FMCRBA
| Q1 26 | $759.0M | — | ||
| Q4 25 | $1.1B | $1.2B | ||
| Q3 25 | $542.2M | $1.1B | ||
| Q2 25 | $1.1B | $1.2B | ||
| Q1 25 | $791.4M | $1.1B | ||
| Q4 24 | $1.2B | $1.1B | ||
| Q3 24 | $1.1B | $981.8M | ||
| Q2 24 | $1.0B | $1.1B |
净利润FMCRBA
| Q1 26 | $-281.2M | — | ||
| Q4 25 | $-1.7B | $109.7M | ||
| Q3 25 | $-569.3M | $95.5M | ||
| Q2 25 | $66.7M | $109.8M | ||
| Q1 25 | $-15.5M | $113.4M | ||
| Q4 24 | $-16.3M | $118.5M | ||
| Q3 24 | $65.0M | $76.1M | ||
| Q2 24 | $295.1M | $111.1M |
毛利率FMCRBA
| Q1 26 | — | — | ||
| Q4 25 | 39.8% | — | ||
| Q3 25 | 23.8% | — | ||
| Q2 25 | 38.7% | — | ||
| Q1 25 | 40.0% | — | ||
| Q4 24 | 42.9% | — | ||
| Q3 24 | 36.3% | — | ||
| Q2 24 | 38.3% | — |
营业利润率FMCRBA
| Q1 26 | -10.6% | — | ||
| Q4 25 | -130.8% | 14.7% | ||
| Q3 25 | -73.1% | 14.5% | ||
| Q2 25 | 12.0% | 15.9% | ||
| Q1 25 | 7.4% | 17.1% | ||
| Q4 24 | 19.2% | 18.1% | ||
| Q3 24 | 12.7% | 15.6% | ||
| Q2 24 | 6.0% | 18.4% |
净利率FMCRBA
| Q1 26 | -37.0% | — | ||
| Q4 25 | -158.8% | 9.1% | ||
| Q3 25 | -105.0% | 8.7% | ||
| Q2 25 | 6.3% | 9.3% | ||
| Q1 25 | -2.0% | 10.2% | ||
| Q4 24 | -1.3% | 10.4% | ||
| Q3 24 | 6.1% | 7.8% | ||
| Q2 24 | 28.4% | 10.1% |
每股收益（稀释后）FMCRBA
| Q1 26 | $-2.25 | — | ||
| Q4 25 | $-13.77 | $0.53 | ||
| Q3 25 | $-4.52 | $0.43 | ||
| Q2 25 | $0.53 | $0.53 | ||
| Q1 25 | $-0.12 | $0.55 | ||
| Q4 24 | $-0.13 | $0.58 | ||
| Q3 24 | $0.52 | $0.36 | ||
| Q2 24 | $2.35 | $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 | $390.9M | $531.5M |
| 总债务越低越好 | $2.8B | $2.3B |
| 股东权益账面价值 | $1.8B | $5.6B |
| 总资产 | $9.4B | $12.1B |
| 负债/权益比越低杠杆越低 | 1.50× | 0.42× |
8季度趋势，按日历期对齐
现金及短期投资FMCRBA
| Q1 26 | $390.9M | — | ||
| Q4 25 | $584.5M | $531.5M | ||
| Q3 25 | $497.7M | $674.7M | ||
| Q2 25 | $438.2M | $710.2M | ||
| Q1 25 | $315.3M | $578.1M | ||
| Q4 24 | $357.3M | $533.9M | ||
| Q3 24 | $416.7M | $650.7M | ||
| Q2 24 | $471.5M | $599.5M |
总债务FMCRBA
| Q1 26 | $2.8B | — | ||
| Q4 25 | $3.4B | $2.3B | ||
| Q3 25 | $3.4B | $2.6B | ||
| Q2 25 | $3.4B | $2.6B | ||
| Q1 25 | $3.1B | $2.6B | ||
| Q4 24 | $3.1B | $2.6B | ||
| Q3 24 | $3.1B | $2.7B | ||
| Q2 24 | $3.1B | $2.8B |
股东权益FMCRBA
| Q1 26 | $1.8B | — | ||
| Q4 25 | $2.1B | $5.6B | ||
| Q3 25 | $3.8B | $5.5B | ||
| Q2 25 | $4.4B | $5.5B | ||
| Q1 25 | $4.4B | $5.3B | ||
| Q4 24 | $4.5B | $5.2B | ||
| Q3 24 | $4.6B | $5.2B | ||
| Q2 24 | $4.6B | $5.2B |
总资产FMCRBA
| Q1 26 | $9.4B | — | ||
| Q4 25 | $9.7B | $12.1B | ||
| Q3 25 | $12.1B | $12.2B | ||
| Q2 25 | $12.3B | $12.2B | ||
| Q1 25 | $11.8B | $11.9B | ||
| Q4 24 | $11.7B | $11.8B | ||
| Q3 24 | $12.2B | $11.9B | ||
| Q2 24 | $12.1B | $12.1B |
负债/权益比FMCRBA
| Q1 26 | 1.50× | — | ||
| Q4 25 | 1.62× | 0.42× | ||
| Q3 25 | 0.89× | 0.47× | ||
| Q2 25 | 0.76× | 0.47× | ||
| Q1 25 | 0.71× | 0.50× | ||
| Q4 24 | 0.69× | 0.50× | ||
| Q3 24 | 0.68× | 0.52× | ||
| Q2 24 | 0.68× | 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 | $-628.1M | $186.5M |
| 自由现金流率自由现金流/营收 | -82.8% | 15.5% |
| 资本支出强度资本支出/营收 | 2.2% | 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 | $-154.0M | $719.2M |
8季度趋势，按日历期对齐
经营现金流FMCRBA
| Q1 26 | — | — | ||
| Q4 25 | $657.1M | $255.2M | ||
| Q3 25 | $-184.2M | $239.7M | ||
| Q2 25 | $65.9M | $326.5M | ||
| Q1 25 | $-545.0M | $156.8M | ||
| Q4 24 | $427.9M | $184.5M | ||
| Q3 24 | $159.5M | $285.4M | ||
| Q2 24 | $292.2M | $337.3M |
自由现金流FMCRBA
| Q1 26 | $-628.1M | — | ||
| Q4 25 | $631.1M | $186.5M | ||
| Q3 25 | $-207.9M | $188.5M | ||
| Q2 25 | $50.9M | $241.7M | ||
| Q1 25 | $-576.6M | $102.5M | ||
| Q4 24 | $406.3M | $127.9M | ||
| Q3 24 | $143.8M | $248.5M | ||
| Q2 24 | $282.3M | $308.6M |
自由现金流率FMCRBA
| Q1 26 | -82.8% | — | ||
| Q4 25 | 58.3% | 15.5% | ||
| Q3 25 | -38.3% | 17.3% | ||
| Q2 25 | 4.8% | 20.4% | ||
| Q1 25 | -72.9% | 9.2% | ||
| Q4 24 | 33.2% | 11.2% | ||
| Q3 24 | 13.5% | 25.3% | ||
| Q2 24 | 27.2% | 28.2% |
资本支出强度FMCRBA
| Q1 26 | 2.2% | — | ||
| Q4 25 | 2.4% | 5.7% | ||
| Q3 25 | 4.4% | 4.7% | ||
| Q2 25 | 1.4% | 7.2% | ||
| Q1 25 | 4.0% | 4.9% | ||
| Q4 24 | 1.8% | 5.0% | ||
| Q3 24 | 1.5% | 3.8% | ||
| Q2 24 | 1.0% | 2.6% |
现金转化率FMCRBA
| Q1 26 | — | — | ||
| Q4 25 | — | 2.33× | ||
| Q3 25 | — | 2.51× | ||
| Q2 25 | 0.99× | 2.97× | ||
| Q1 25 | — | 1.38× | ||
| Q4 24 | — | 1.56× | ||
| Q3 24 | 2.45× | 3.75× | ||
| Q2 24 | 0.99× | 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
FMC
| EMEA | $307.0M | 40% |
| North America | $198.0M | 26% |
| Latin America | $177.0M | 23% |
| Asia (excluding 2026 India) 1 | $81.0M | 11% |
RBA
| Buyer Revenue | $577.2M | 48% |
| Seller Revenue | $255.2M | 21% |
| CA | $199.0M | 17% |
| Other | $124.7M | 10% |
| AU | $47.3M | 4% |
