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G III APPAREL GROUP LTD（GIII）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G III APPAREL GROUP LTD的1.2倍（$1.2B vs $988.6M），利氏兄弟拍卖行净利率更高（9.1% vs 8.2%，领先1.0%），利氏兄弟拍卖行同比增速更快（5.4% vs -9.0%），利氏兄弟拍卖行自由现金流更多（$186.5M vs $-106.4M），过去两年G III APPAREL GROUP LTD的营收复合增速更高（13.7% vs 6.3%）
GIII服装集团是一家国际时尚企业，设计、生产及销售服装、鞋履、配饰等产品，拥有多个知名自有及授权品牌，覆盖休闲、运动、轻奢等多个品类，主要销往北美、欧洲等全球市场，合作客户包括百货商场、专业零售商及电商平台。
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。
GIII vs RBA — 直观对比
营收规模更大
RBA
是对方的1.2倍
$988.6M
营收增速更快
RBA
高出14.4%
-9.0%
净利率更高
RBA
高出1.0%
8.2%
自由现金流更多
RBA
多$292.9M
$-106.4M
两年增速更快
GIII
近两年复合增速
6.3%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $988.6M | $1.2B |
| 净利润 | $80.6M | $109.7M |
| 毛利率 | 38.6% | — |
| 营业利润率 | 11.4% | 14.7% |
| 净利率 | 8.2% | 9.1% |
| 营收同比 | -9.0% | 5.4% |
| 净利润同比 | -29.8% | -7.4% |
| 每股收益（稀释后） | $1.84 | $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GIIIRBA
| Q4 25 | $988.6M | $1.2B | ||
| Q3 25 | $613.3M | $1.1B | ||
| Q2 25 | $583.6M | $1.2B | ||
| Q1 25 | $839.5M | $1.1B | ||
| Q4 24 | $1.1B | $1.1B | ||
| Q3 24 | $644.8M | $981.8M | ||
| Q2 24 | $609.7M | $1.1B | ||
| Q1 24 | $764.8M | $1.1B |
净利润GIIIRBA
| Q4 25 | $80.6M | $109.7M | ||
| Q3 25 | $10.9M | $95.5M | ||
| Q2 25 | $7.8M | $109.8M | ||
| Q1 25 | $48.8M | $113.4M | ||
| Q4 24 | $114.8M | $118.5M | ||
| Q3 24 | $24.2M | $76.1M | ||
| Q2 24 | $5.8M | $111.1M | ||
| Q1 24 | $28.9M | $107.4M |
毛利率GIIIRBA
| Q4 25 | 38.6% | — | ||
| Q3 25 | 40.8% | — | ||
| Q2 25 | 42.2% | — | ||
| Q1 25 | 39.5% | — | ||
| Q4 24 | 39.8% | — | ||
| Q3 24 | 42.8% | — | ||
| Q2 24 | 42.5% | — | ||
| Q1 24 | 36.9% | — |
营业利润率GIIIRBA
| Q4 25 | 11.4% | 14.7% | ||
| Q3 25 | 2.7% | 14.5% | ||
| Q2 25 | 1.5% | 15.9% | ||
| Q1 25 | 8.5% | 17.1% | ||
| Q4 24 | 15.3% | 18.1% | ||
| Q3 24 | 6.4% | 15.6% | ||
| Q2 24 | 2.2% | 18.4% | ||
| Q1 24 | 6.1% | 18.7% |
净利率GIIIRBA
| Q4 25 | 8.2% | 9.1% | ||
| Q3 25 | 1.8% | 8.7% | ||
| Q2 25 | 1.3% | 9.3% | ||
| Q1 25 | 5.8% | 10.2% | ||
| Q4 24 | 10.6% | 10.4% | ||
| Q3 24 | 3.8% | 7.8% | ||
| Q2 24 | 1.0% | 10.1% | ||
| Q1 24 | 3.8% | 10.1% |
每股收益（稀释后）GIIIRBA
| Q4 25 | $1.84 | $0.53 | ||
| Q3 25 | $0.25 | $0.43 | ||
| Q2 25 | $0.17 | $0.53 | ||
| Q1 25 | $1.00 | $0.55 | ||
| Q4 24 | $2.55 | $0.58 | ||
| Q3 24 | $0.53 | $0.36 | ||
| Q2 24 | $0.12 | $0.54 | ||
| Q1 24 | $0.59 | $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 | $184.1M | $531.5M |
| 总债务越低越好 | $6.5M | $2.3B |
| 股东权益账面价值 | $1.8B | $5.6B |
| 总资产 | $2.8B | $12.1B |
| 负债/权益比越低杠杆越低 | 0.00× | 0.42× |
8季度趋势，按日历期对齐
现金及短期投资GIIIRBA
| Q4 25 | $184.1M | $531.5M | ||
| Q3 25 | $301.8M | $674.7M | ||
| Q2 25 | $257.8M | $710.2M | ||
| Q1 25 | $181.4M | $578.1M | ||
| Q4 24 | $104.7M | $533.9M | ||
| Q3 24 | $414.8M | $650.7M | ||
| Q2 24 | $508.4M | $599.5M | ||
| Q1 24 | $507.8M | $462.8M |
总债务GIIIRBA
| Q4 25 | $6.5M | $2.3B | ||
| Q3 25 | $6.9M | $2.6B | ||
| Q2 25 | $6.8M | $2.6B | ||
| Q1 25 | $3.0M | $2.6B | ||
| Q4 24 | $213.9M | $2.6B | ||
| Q3 24 | $402.5M | $2.7B | ||
| Q2 24 | $402.7M | $2.8B | ||
| Q1 24 | $402.8M | $2.9B |
股东权益GIIIRBA
| Q4 25 | $1.8B | $5.6B | ||
| Q3 25 | $1.7B | $5.5B | ||
| Q2 25 | $1.7B | $5.5B | ||
| Q1 25 | $1.7B | $5.3B | ||
| Q4 24 | $1.6B | $5.2B | ||
| Q3 24 | $1.5B | $5.2B | ||
| Q2 24 | $1.5B | $5.2B | ||
| Q1 24 | $1.6B | $5.1B |
总资产GIIIRBA
| Q4 25 | $2.8B | $12.1B | ||
| Q3 25 | $2.7B | $12.2B | ||
| Q2 25 | $2.4B | $12.2B | ||
| Q1 25 | $2.5B | $11.9B | ||
| Q4 24 | $2.8B | $11.8B | ||
| Q3 24 | $2.7B | $11.9B | ||
| Q2 24 | $2.6B | $12.1B | ||
| Q1 24 | $2.7B | $12.0B |
负债/权益比GIIIRBA
| Q4 25 | 0.00× | 0.42× | ||
| Q3 25 | 0.00× | 0.47× | ||
| Q2 25 | 0.00× | 0.47× | ||
| Q1 25 | 0.00× | 0.50× | ||
| Q4 24 | 0.13× | 0.50× | ||
| Q3 24 | 0.27× | 0.52× | ||
| Q2 24 | 0.26× | 0.55× | ||
| Q1 24 | 0.26× | 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 | $-97.3M | $255.2M |
| 自由现金流经营现金流 - 资本支出 | $-106.4M | $186.5M |
| 自由现金流率自由现金流/营收 | -10.8% | 15.5% |
| 资本支出强度资本支出/营收 | 0.9% | 5.7% |
| 现金转化率经营现金流/净利润 | -1.21× | 2.33× |
| 过去12个月自由现金流最近4个季度 | $367.7M | $719.2M |
8季度趋势，按日历期对齐
经营现金流GIIIRBA
| Q4 25 | $-97.3M | $255.2M | ||
| Q3 25 | $75.1M | $239.7M | ||
| Q2 25 | $93.8M | $326.5M | ||
| Q1 25 | $333.4M | $156.8M | ||
| Q4 24 | $-111.8M | $184.5M | ||
| Q3 24 | $49.3M | $285.4M | ||
| Q2 24 | $45.5M | $337.3M | ||
| Q1 24 | $361.3M | $124.8M |
自由现金流GIIIRBA
| Q4 25 | $-106.4M | $186.5M | ||
| Q3 25 | $64.7M | $188.5M | ||
| Q2 25 | $85.7M | $241.7M | ||
| Q1 25 | $323.7M | $102.5M | ||
| Q4 24 | $-120.3M | $127.9M | ||
| Q3 24 | $38.8M | $248.5M | ||
| Q2 24 | $32.8M | $308.6M | ||
| Q1 24 | $352.3M | $79.6M |
自由现金流率GIIIRBA
| Q4 25 | -10.8% | 15.5% | ||
| Q3 25 | 10.6% | 17.3% | ||
| Q2 25 | 14.7% | 20.4% | ||
| Q1 25 | 38.6% | 9.2% | ||
| Q4 24 | -11.1% | 11.2% | ||
| Q3 24 | 6.0% | 25.3% | ||
| Q2 24 | 5.4% | 28.2% | ||
| Q1 24 | 46.1% | 7.5% |
资本支出强度GIIIRBA
| Q4 25 | 0.9% | 5.7% | ||
| Q3 25 | 1.7% | 4.7% | ||
| Q2 25 | 1.4% | 7.2% | ||
| Q1 25 | 1.2% | 4.9% | ||
| Q4 24 | 0.8% | 5.0% | ||
| Q3 24 | 1.6% | 3.8% | ||
| Q2 24 | 2.1% | 2.6% | ||
| Q1 24 | 1.2% | 4.2% |
现金转化率GIIIRBA
| Q4 25 | -1.21× | 2.33× | ||
| Q3 25 | 6.86× | 2.51× | ||
| Q2 25 | 12.09× | 2.97× | ||
| Q1 25 | 6.83× | 1.38× | ||
| Q4 24 | -0.97× | 1.56× | ||
| Q3 24 | 2.04× | 3.75× | ||
| Q2 24 | 7.84× | 3.04× | ||
| Q1 24 | 12.52× | 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
GIII
| Proprietary Brands | $498.1M | 50% |
| Licensed Brands | $479.2M | 48% |
| Retail Segment | $45.7M | 5% |
RBA
| Buyer Revenue | $577.2M | 48% |
| Seller Revenue | $255.2M | 21% |
| CA | $199.0M | 17% |
| Other | $124.7M | 10% |
| AU | $47.3M | 4% |
