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盖尔斯（GES）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盖尔斯的1.5倍（$1.2B vs $791.4M），利氏兄弟拍卖行净利率更高（9.1% vs 3.2%，领先5.9%），盖尔斯同比增速更快（7.2% vs 5.4%），利氏兄弟拍卖行自由现金流更多（$186.5M vs $-56.3M），过去两年利氏兄弟拍卖行的营收复合增速更高（6.3% vs -5.8%）
盖尔斯是美国知名服饰品牌企业，以标志性的黑白风格广告广为人知。除核心服饰产品外，品牌还通过品牌授权模式推出腕表、珠宝、香水、包袋、鞋履等各类时尚配饰，在全球时尚消费市场拥有较高知名度。
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。
GES vs RBA — 直观对比
营收规模更大
RBA
是对方的1.5倍
$791.4M
营收增速更快
GES
高出1.8%
5.4%
净利率更高
RBA
高出5.9%
3.2%
自由现金流更多
RBA
多$242.8M
$-56.3M
两年增速更快
RBA
近两年复合增速
-5.8%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $791.4M | $1.2B |
| 净利润 | $25.6M | $109.7M |
| 毛利率 | 42.5% | — |
| 营业利润率 | 2.9% | 14.7% |
| 净利率 | 3.2% | 9.1% |
| 营收同比 | 7.2% | 5.4% |
| 净利润同比 | 209.6% | -7.4% |
| 每股收益（稀释后） | $0.48 | $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GESRBA
| Q4 25 | $791.4M | $1.2B | ||
| Q3 25 | $772.9M | $1.1B | ||
| Q2 25 | $647.8M | $1.2B | ||
| Q1 25 | $932.3M | $1.1B | ||
| Q4 24 | $738.5M | $1.1B | ||
| Q3 24 | $732.6M | $981.8M | ||
| Q2 24 | $591.9M | $1.1B | ||
| Q1 24 | $891.0M | $1.1B |
净利润GESRBA
| Q4 25 | $25.6M | $109.7M | ||
| Q3 25 | $6.2M | $95.5M | ||
| Q2 25 | $-32.9M | $109.8M | ||
| Q1 25 | $81.4M | $113.4M | ||
| Q4 24 | $-23.4M | $118.5M | ||
| Q3 24 | $-10.6M | $76.1M | ||
| Q2 24 | $13.0M | $111.1M | ||
| Q1 24 | $115.3M | $107.4M |
毛利率GESRBA
| Q4 25 | 42.5% | — | ||
| Q3 25 | 42.5% | — | ||
| Q2 25 | 39.9% | — | ||
| Q1 25 | 44.1% | — | ||
| Q4 24 | 43.6% | — | ||
| Q3 24 | 43.7% | — | ||
| Q2 24 | 41.9% | — | ||
| Q1 24 | 45.4% | — |
营业利润率GESRBA
| Q4 25 | 2.9% | 14.7% | ||
| Q3 25 | 2.3% | 14.5% | ||
| Q2 25 | -5.1% | 15.9% | ||
| Q1 25 | 11.1% | 17.1% | ||
| Q4 24 | 5.7% | 18.1% | ||
| Q3 24 | 6.5% | 15.6% | ||
| Q2 24 | -3.4% | 18.4% | ||
| Q1 24 | 16.3% | 18.7% |
净利率GESRBA
| Q4 25 | 3.2% | 9.1% | ||
| Q3 25 | 0.8% | 8.7% | ||
| Q2 25 | -5.1% | 9.3% | ||
| Q1 25 | 8.7% | 10.2% | ||
| Q4 24 | -3.2% | 10.4% | ||
| Q3 24 | -1.4% | 7.8% | ||
| Q2 24 | 2.2% | 10.1% | ||
| Q1 24 | 12.9% | 10.1% |
每股收益（稀释后）GESRBA
| Q4 25 | $0.48 | $0.53 | ||
| Q3 25 | $0.12 | $0.43 | ||
| Q2 25 | $-0.65 | $0.53 | ||
| Q1 25 | $1.29 | $0.55 | ||
| Q4 24 | $-0.47 | $0.58 | ||
| Q3 24 | $-0.28 | $0.36 | ||
| Q2 24 | $0.23 | $0.54 | ||
| Q1 24 | $1.90 | $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 | $154.2M | $531.5M |
| 总债务越低越好 | $299.5M | $2.3B |
| 股东权益账面价值 | $508.5M | $5.6B |
| 总资产 | $3.0B | $12.1B |
| 负债/权益比越低杠杆越低 | 0.59× | 0.42× |
8季度趋势，按日历期对齐
现金及短期投资GESRBA
| Q4 25 | $154.2M | $531.5M | ||
| Q3 25 | $189.6M | $674.7M | ||
| Q2 25 | $151.2M | $710.2M | ||
| Q1 25 | $187.7M | $578.1M | ||
| Q4 24 | $140.9M | $533.9M | ||
| Q3 24 | $218.9M | $650.7M | ||
| Q2 24 | $241.7M | $599.5M | ||
| Q1 24 | $360.3M | $462.8M |
总债务GESRBA
| Q4 25 | $299.5M | $2.3B | ||
| Q3 25 | $258.4M | $2.6B | ||
| Q2 25 | $241.7M | $2.6B | ||
| Q1 25 | $150.7M | $2.6B | ||
| Q4 24 | $238.3M | $2.6B | ||
| Q3 24 | $187.8M | $2.7B | ||
| Q2 24 | $196.9M | $2.8B | ||
| Q1 24 | $28.2M | $2.9B |
股东权益GESRBA
| Q4 25 | $508.5M | $5.6B | ||
| Q3 25 | $487.6M | $5.5B | ||
| Q2 25 | $483.6M | $5.5B | ||
| Q1 25 | $505.0M | $5.3B | ||
| Q4 24 | $450.7M | $5.2B | ||
| Q3 24 | $491.2M | $5.2B | ||
| Q2 24 | $565.5M | $5.2B | ||
| Q1 24 | $684.9M | $5.1B |
总资产GESRBA
| Q4 25 | $3.0B | $12.1B | ||
| Q3 25 | $3.0B | $12.2B | ||
| Q2 25 | $2.9B | $12.2B | ||
| Q1 25 | $2.8B | $11.9B | ||
| Q4 24 | $2.8B | $11.8B | ||
| Q3 24 | $2.8B | $11.9B | ||
| Q2 24 | $2.7B | $12.1B | ||
| Q1 24 | $2.6B | $12.0B |
负债/权益比GESRBA
| Q4 25 | 0.59× | 0.42× | ||
| Q3 25 | 0.53× | 0.47× | ||
| Q2 25 | 0.50× | 0.47× | ||
| Q1 25 | 0.30× | 0.50× | ||
| Q4 24 | 0.53× | 0.50× | ||
| Q3 24 | 0.38× | 0.52× | ||
| Q2 24 | 0.35× | 0.55× | ||
| Q1 24 | 0.04× | 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 | $-39.5M | $255.2M |
| 自由现金流经营现金流 - 资本支出 | $-56.3M | $186.5M |
| 自由现金流率自由现金流/营收 | -7.1% | 15.5% |
| 资本支出强度资本支出/营收 | 2.1% | 5.7% |
| 现金转化率经营现金流/净利润 | -1.54× | 2.33× |
| 过去12个月自由现金流最近4个季度 | $62.5M | $719.2M |
8季度趋势，按日历期对齐
经营现金流GESRBA
| Q4 25 | $-39.5M | $255.2M | ||
| Q3 25 | $74.9M | $239.7M | ||
| Q2 25 | $-73.4M | $326.5M | ||
| Q1 25 | $183.2M | $156.8M | ||
| Q4 24 | $-83.3M | $184.5M | ||
| Q3 24 | $44.7M | $285.4M | ||
| Q2 24 | $-22.9M | $337.3M | ||
| Q1 24 | $289.5M | $124.8M |
自由现金流GESRBA
| Q4 25 | $-56.3M | $186.5M | ||
| Q3 25 | $53.4M | $188.5M | ||
| Q2 25 | $-95.3M | $241.7M | ||
| Q1 25 | $160.7M | $102.5M | ||
| Q4 24 | $-105.4M | $127.9M | ||
| Q3 24 | $24.3M | $248.5M | ||
| Q2 24 | $-44.0M | $308.6M | ||
| Q1 24 | $267.8M | $79.6M |
自由现金流率GESRBA
| Q4 25 | -7.1% | 15.5% | ||
| Q3 25 | 6.9% | 17.3% | ||
| Q2 25 | -14.7% | 20.4% | ||
| Q1 25 | 17.2% | 9.2% | ||
| Q4 24 | -14.3% | 11.2% | ||
| Q3 24 | 3.3% | 25.3% | ||
| Q2 24 | -7.4% | 28.2% | ||
| Q1 24 | 30.1% | 7.5% |
资本支出强度GESRBA
| Q4 25 | 2.1% | 5.7% | ||
| Q3 25 | 2.8% | 4.7% | ||
| Q2 25 | 3.4% | 7.2% | ||
| Q1 25 | 2.4% | 4.9% | ||
| Q4 24 | 3.0% | 5.0% | ||
| Q3 24 | 2.8% | 3.8% | ||
| Q2 24 | 3.6% | 2.6% | ||
| Q1 24 | 2.4% | 4.2% |
现金转化率GESRBA
| Q4 25 | -1.54× | 2.33× | ||
| Q3 25 | 12.00× | 2.51× | ||
| Q2 25 | — | 2.97× | ||
| Q1 25 | 2.25× | 1.38× | ||
| Q4 24 | — | 1.56× | ||
| Q3 24 | — | 3.75× | ||
| Q2 24 | -1.76× | 3.04× | ||
| Q1 24 | 2.51× | 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
GES
| Products | $760.3M | 96% |
| Royalty | $31.1M | 4% |
RBA
| Buyer Revenue | $577.2M | 48% |
| Seller Revenue | $255.2M | 21% |
| CA | $199.0M | 17% |
| Other | $124.7M | 10% |
| AU | $47.3M | 4% |
