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Grocery Outlet Holding Corp.（GO）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
Grocery Outlet Holding Corp.的季度营收约是利氏兄弟拍卖行的1.0倍（$1.2B vs $1.2B），利氏兄弟拍卖行净利率更高（9.1% vs -18.5%，领先27.6%），Grocery Outlet Holding Corp.同比增速更快（10.7% vs 5.4%），过去两年Grocery Outlet Holding Corp.的营收复合增速更高（8.3% vs 6.3%）
Grocery Outlet Holding Corp.是美国知名的折扣清仓零售企业，旗下所有门店均为超市，主打销售品牌厂商及自有品牌供应商的库存积压与清仓商品，价格优惠。目前该公司的门店已分布在美国加利福尼亚、俄勒冈、华盛顿、爱达荷等十余州。
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。
GO vs RBA — 直观对比
营收规模更大
GO
是对方的1.0倍
$1.2B
营收增速更快
GO
高出5.3%
5.4%
净利率更高
RBA
高出27.6%
-18.5%
两年增速更快
GO
近两年复合增速
6.3%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $1.2B |
| 净利润 | $-224.9M | $109.7M |
| 毛利率 | 29.7% | — |
| 营业利润率 | — | 14.7% |
| 净利率 | -18.5% | 9.1% |
| 营收同比 | 10.7% | 5.4% |
| 净利润同比 | -669.9% | -7.4% |
| 每股收益（稀释后） | $-2.22 | $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GORBA
| Q1 26 | $1.2B | — | ||
| Q4 25 | — | $1.2B | ||
| Q3 25 | $1.2B | $1.1B | ||
| Q2 25 | $1.2B | $1.2B | ||
| Q1 25 | $1.1B | $1.1B | ||
| Q4 24 | $1.1B | $1.1B | ||
| Q3 24 | $1.1B | $981.8M | ||
| Q2 24 | $1.1B | $1.1B |
净利润GORBA
| Q1 26 | $-224.9M | — | ||
| Q4 25 | — | $109.7M | ||
| Q3 25 | $11.6M | $95.5M | ||
| Q2 25 | $5.0M | $109.8M | ||
| Q1 25 | $-23.3M | $113.4M | ||
| Q4 24 | $2.3M | $118.5M | ||
| Q3 24 | $24.2M | $76.1M | ||
| Q2 24 | $14.0M | $111.1M |
毛利率GORBA
| Q1 26 | 29.7% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 30.4% | — | ||
| Q2 25 | 30.6% | — | ||
| Q1 25 | 30.4% | — | ||
| Q4 24 | 29.5% | — | ||
| Q3 24 | 31.1% | — | ||
| Q2 24 | 30.9% | — |
营业利润率GORBA
| Q1 26 | — | — | ||
| Q4 25 | — | 14.7% | ||
| Q3 25 | 2.0% | 14.5% | ||
| Q2 25 | 1.1% | 15.9% | ||
| Q1 25 | -2.0% | 17.1% | ||
| Q4 24 | 1.0% | 18.1% | ||
| Q3 24 | 3.6% | 15.6% | ||
| Q2 24 | 2.3% | 18.4% |
净利率GORBA
| Q1 26 | -18.5% | — | ||
| Q4 25 | — | 9.1% | ||
| Q3 25 | 1.0% | 8.7% | ||
| Q2 25 | 0.4% | 9.3% | ||
| Q1 25 | -2.1% | 10.2% | ||
| Q4 24 | 0.2% | 10.4% | ||
| Q3 24 | 2.2% | 7.8% | ||
| Q2 24 | 1.2% | 10.1% |
每股收益（稀释后）GORBA
| Q1 26 | $-2.22 | — | ||
| Q4 25 | — | $0.53 | ||
| Q3 25 | $0.12 | $0.43 | ||
| Q2 25 | $0.05 | $0.53 | ||
| Q1 25 | $-0.24 | $0.55 | ||
| Q4 24 | $0.03 | $0.58 | ||
| Q3 24 | $0.24 | $0.36 | ||
| Q2 24 | $0.14 | $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 | $69.6M | $531.5M |
| 总债务越低越好 | $15.0M | $2.3B |
| 股东权益账面价值 | $983.7M | $5.6B |
| 总资产 | $3.1B | $12.1B |
| 负债/权益比越低杠杆越低 | 0.02× | 0.42× |
8季度趋势，按日历期对齐
现金及短期投资GORBA
| Q1 26 | $69.6M | — | ||
| Q4 25 | — | $531.5M | ||
| Q3 25 | $52.1M | $674.7M | ||
| Q2 25 | $55.2M | $710.2M | ||
| Q1 25 | $50.9M | $578.1M | ||
| Q4 24 | $62.8M | $533.9M | ||
| Q3 24 | $68.7M | $650.7M | ||
| Q2 24 | $67.1M | $599.5M |
总债务GORBA
| Q1 26 | $15.0M | — | ||
| Q4 25 | — | $2.3B | ||
| Q3 25 | $500.3M | $2.6B | ||
| Q2 25 | $473.9M | $2.6B | ||
| Q1 25 | $475.7M | $2.6B | ||
| Q4 24 | $477.5M | $2.6B | ||
| Q3 24 | $429.3M | $2.7B | ||
| Q2 24 | $379.2M | $2.8B |
股东权益GORBA
| Q1 26 | $983.7M | — | ||
| Q4 25 | — | $5.6B | ||
| Q3 25 | $1.2B | $5.5B | ||
| Q2 25 | $1.2B | $5.5B | ||
| Q1 25 | $1.2B | $5.3B | ||
| Q4 24 | $1.2B | $5.2B | ||
| Q3 24 | $1.2B | $5.2B | ||
| Q2 24 | $1.2B | $5.2B |
总资产GORBA
| Q1 26 | $3.1B | — | ||
| Q4 25 | — | $12.1B | ||
| Q3 25 | $3.4B | $12.2B | ||
| Q2 25 | $3.3B | $12.2B | ||
| Q1 25 | $3.3B | $11.9B | ||
| Q4 24 | $3.2B | $11.8B | ||
| Q3 24 | $3.1B | $11.9B | ||
| Q2 24 | $3.1B | $12.1B |
负债/权益比GORBA
| Q1 26 | 0.02× | — | ||
| Q4 25 | — | 0.42× | ||
| Q3 25 | 0.42× | 0.47× | ||
| Q2 25 | 0.40× | 0.47× | ||
| Q1 25 | 0.40× | 0.50× | ||
| Q4 24 | 0.40× | 0.50× | ||
| Q3 24 | 0.35× | 0.52× | ||
| Q2 24 | 0.31× | 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 | $222.1M | $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 | — | 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GORBA
| Q1 26 | $222.1M | — | ||
| Q4 25 | — | $255.2M | ||
| Q3 25 | $17.3M | $239.7M | ||
| Q2 25 | $73.6M | $326.5M | ||
| Q1 25 | $58.9M | $156.8M | ||
| Q4 24 | $39.5M | $184.5M | ||
| Q3 24 | $23.0M | $285.4M | ||
| Q2 24 | $41.6M | $337.3M |
自由现金流GORBA
| Q1 26 | — | — | ||
| Q4 25 | — | $186.5M | ||
| Q3 25 | $-21.6M | $188.5M | ||
| Q2 25 | $14.4M | $241.7M | ||
| Q1 25 | $-1.5M | $102.5M | ||
| Q4 24 | $-19.6M | $127.9M | ||
| Q3 24 | $-19.3M | $248.5M | ||
| Q2 24 | $2.7M | $308.6M |
自由现金流率GORBA
| Q1 26 | — | — | ||
| Q4 25 | — | 15.5% | ||
| Q3 25 | -1.8% | 17.3% | ||
| Q2 25 | 1.2% | 20.4% | ||
| Q1 25 | -0.1% | 9.2% | ||
| Q4 24 | -1.8% | 11.2% | ||
| Q3 24 | -1.7% | 25.3% | ||
| Q2 24 | 0.2% | 28.2% |
资本支出强度GORBA
| Q1 26 | — | — | ||
| Q4 25 | — | 5.7% | ||
| Q3 25 | 3.3% | 4.7% | ||
| Q2 25 | 5.0% | 7.2% | ||
| Q1 25 | 5.4% | 4.9% | ||
| Q4 24 | 5.4% | 5.0% | ||
| Q3 24 | 3.8% | 3.8% | ||
| Q2 24 | 3.4% | 2.6% |
现金转化率GORBA
| Q1 26 | — | — | ||
| Q4 25 | — | 2.33× | ||
| Q3 25 | 1.49× | 2.51× | ||
| Q2 25 | 14.84× | 2.97× | ||
| Q1 25 | — | 1.38× | ||
| Q4 24 | 17.09× | 1.56× | ||
| Q3 24 | 0.95× | 3.75× | ||
| Q2 24 | 2.97× | 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
GO
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% |
