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HUBSPOT INC（HUBS）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HUBSPOT INC的1.4倍（$1.2B vs $846.7M），利氏兄弟拍卖行净利率更高（9.1% vs 6.4%，领先2.7%），HUBSPOT INC同比增速更快（20.4% vs 5.4%），HUBSPOT INC自由现金流更多（$234.0M vs $186.5M），过去两年HUBSPOT INC的营收复合增速更高（17.1% vs 6.3%）
HubSpot Inc.是总部位于美国马萨诸塞州剑桥市的企业服务提供商，2006年由布莱恩·哈利根与达尔梅什·沙阿联合创立，专注于研发和推广适配营销、销售及客户服务全场景的软件产品，为全球各规模企业的数字化运营提供工具支持。
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。
HUBS vs RBA — 直观对比
营收规模更大
RBA
是对方的1.4倍
$846.7M
营收增速更快
HUBS
高出15.0%
5.4%
净利率更高
RBA
高出2.7%
6.4%
自由现金流更多
HUBS
多$47.5M
$186.5M
两年增速更快
HUBS
近两年复合增速
6.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $846.7M | $1.2B |
| 净利润 | $54.4M | $109.7M |
| 毛利率 | 83.7% | — |
| 营业利润率 | 5.7% | 14.7% |
| 净利率 | 6.4% | 9.1% |
| 营收同比 | 20.4% | 5.4% |
| 净利润同比 | 992.2% | -7.4% |
| 每股收益（稀释后） | $1.03 | $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HUBSRBA
| Q4 25 | $846.7M | $1.2B | ||
| Q3 25 | $809.5M | $1.1B | ||
| Q2 25 | $760.9M | $1.2B | ||
| Q1 25 | $714.1M | $1.1B | ||
| Q4 24 | $703.2M | $1.1B | ||
| Q3 24 | $669.7M | $981.8M | ||
| Q2 24 | $637.2M | $1.1B | ||
| Q1 24 | $617.4M | $1.1B |
净利润HUBSRBA
| Q4 25 | $54.4M | $109.7M | ||
| Q3 25 | $16.5M | $95.5M | ||
| Q2 25 | $-3.3M | $109.8M | ||
| Q1 25 | $-21.8M | $113.4M | ||
| Q4 24 | $5.0M | $118.5M | ||
| Q3 24 | $8.1M | $76.1M | ||
| Q2 24 | $-14.4M | $111.1M | ||
| Q1 24 | $5.9M | $107.4M |
毛利率HUBSRBA
| Q4 25 | 83.7% | — | ||
| Q3 25 | 83.5% | — | ||
| Q2 25 | 83.9% | — | ||
| Q1 25 | 83.9% | — | ||
| Q4 24 | 85.3% | — | ||
| Q3 24 | 85.2% | — | ||
| Q2 24 | 85.0% | — | ||
| Q1 24 | 84.6% | — |
营业利润率HUBSRBA
| Q4 25 | 5.7% | 14.7% | ||
| Q3 25 | 1.4% | 14.5% | ||
| Q2 25 | -3.2% | 15.9% | ||
| Q1 25 | -3.8% | 17.1% | ||
| Q4 24 | -1.5% | 18.1% | ||
| Q3 24 | -1.4% | 15.6% | ||
| Q2 24 | -3.8% | 18.4% | ||
| Q1 24 | -3.8% | 18.7% |
净利率HUBSRBA
| Q4 25 | 6.4% | 9.1% | ||
| Q3 25 | 2.0% | 8.7% | ||
| Q2 25 | -0.4% | 9.3% | ||
| Q1 25 | -3.1% | 10.2% | ||
| Q4 24 | 0.7% | 10.4% | ||
| Q3 24 | 1.2% | 7.8% | ||
| Q2 24 | -2.3% | 10.1% | ||
| Q1 24 | 1.0% | 10.1% |
每股收益（稀释后）HUBSRBA
| Q4 25 | $1.03 | $0.53 | ||
| Q3 25 | $0.31 | $0.43 | ||
| Q2 25 | $-0.06 | $0.53 | ||
| Q1 25 | $-0.42 | $0.55 | ||
| Q4 24 | $0.09 | $0.58 | ||
| Q3 24 | $0.16 | $0.36 | ||
| Q2 24 | $-0.28 | $0.54 | ||
| Q1 24 | $0.12 | $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 | $882.2M | $531.5M |
| 总债务越低越好 | — | $2.3B |
| 股东权益账面价值 | $2.1B | $5.6B |
| 总资产 | $3.9B | $12.1B |
| 负债/权益比越低杠杆越低 | — | 0.42× |
8季度趋势，按日历期对齐
现金及短期投资HUBSRBA
| Q4 25 | $882.2M | $531.5M | ||
| Q3 25 | $614.4M | $674.7M | ||
| Q2 25 | $601.2M | $710.2M | ||
| Q1 25 | $625.0M | $578.1M | ||
| Q4 24 | $512.7M | $533.9M | ||
| Q3 24 | $410.1M | $650.7M | ||
| Q2 24 | $797.9M | $599.5M | ||
| Q1 24 | $447.8M | $462.8M |
总债务HUBSRBA
| Q4 25 | — | $2.3B | ||
| Q3 25 | — | $2.6B | ||
| Q2 25 | — | $2.6B | ||
| Q1 25 | — | $2.6B | ||
| Q4 24 | — | $2.6B | ||
| Q3 24 | — | $2.7B | ||
| Q2 24 | — | $2.8B | ||
| Q1 24 | — | $2.9B |
股东权益HUBSRBA
| Q4 25 | $2.1B | $5.6B | ||
| Q3 25 | $1.9B | $5.5B | ||
| Q2 25 | $2.1B | $5.5B | ||
| Q1 25 | $2.0B | $5.3B | ||
| Q4 24 | $1.9B | $5.2B | ||
| Q3 24 | $1.8B | $5.2B | ||
| Q2 24 | $1.6B | $5.2B | ||
| Q1 24 | $1.4B | $5.1B |
总资产HUBSRBA
| Q4 25 | $3.9B | $12.1B | ||
| Q3 25 | $3.5B | $12.2B | ||
| Q2 25 | $3.7B | $12.2B | ||
| Q1 25 | $3.9B | $11.9B | ||
| Q4 24 | $3.8B | $11.8B | ||
| Q3 24 | $3.6B | $11.9B | ||
| Q2 24 | $3.4B | $12.1B | ||
| Q1 24 | $3.2B | $12.0B |
负债/权益比HUBSRBA
| Q4 25 | — | 0.42× | ||
| Q3 25 | — | 0.47× | ||
| Q2 25 | — | 0.47× | ||
| Q1 25 | — | 0.50× | ||
| Q4 24 | — | 0.50× | ||
| Q3 24 | — | 0.52× | ||
| Q2 24 | — | 0.55× | ||
| Q1 24 | — | 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 | $247.4M | $255.2M |
| 自由现金流经营现金流 - 资本支出 | $234.0M | $186.5M |
| 自由现金流率自由现金流/营收 | 27.6% | 15.5% |
| 资本支出强度资本支出/营收 | 1.6% | 5.7% |
| 现金转化率经营现金流/净利润 | 4.55× | 2.33× |
| 过去12个月自由现金流最近4个季度 | $707.6M | $719.2M |
8季度趋势，按日历期对齐
经营现金流HUBSRBA
| Q4 25 | $247.4M | $255.2M | ||
| Q3 25 | $187.4M | $239.7M | ||
| Q2 25 | $164.4M | $326.5M | ||
| Q1 25 | $161.6M | $156.8M | ||
| Q4 24 | $194.1M | $184.5M | ||
| Q3 24 | $159.5M | $285.4M | ||
| Q2 24 | $117.8M | $337.3M | ||
| Q1 24 | $127.1M | $124.8M |
自由现金流HUBSRBA
| Q4 25 | $234.0M | $186.5M | ||
| Q3 25 | $177.0M | $188.5M | ||
| Q2 25 | $148.3M | $241.7M | ||
| Q1 25 | $148.2M | $102.5M | ||
| Q4 24 | $181.4M | $127.9M | ||
| Q3 24 | $148.4M | $248.5M | ||
| Q2 24 | $109.6M | $308.6M | ||
| Q1 24 | $121.2M | $79.6M |
自由现金流率HUBSRBA
| Q4 25 | 27.6% | 15.5% | ||
| Q3 25 | 21.9% | 17.3% | ||
| Q2 25 | 19.5% | 20.4% | ||
| Q1 25 | 20.8% | 9.2% | ||
| Q4 24 | 25.8% | 11.2% | ||
| Q3 24 | 22.2% | 25.3% | ||
| Q2 24 | 17.2% | 28.2% | ||
| Q1 24 | 19.6% | 7.5% |
资本支出强度HUBSRBA
| Q4 25 | 1.6% | 5.7% | ||
| Q3 25 | 1.3% | 4.7% | ||
| Q2 25 | 2.1% | 7.2% | ||
| Q1 25 | 1.9% | 4.9% | ||
| Q4 24 | 1.8% | 5.0% | ||
| Q3 24 | 1.7% | 3.8% | ||
| Q2 24 | 1.3% | 2.6% | ||
| Q1 24 | 1.0% | 4.2% |
现金转化率HUBSRBA
| Q4 25 | 4.55× | 2.33× | ||
| Q3 25 | 11.33× | 2.51× | ||
| Q2 25 | — | 2.97× | ||
| Q1 25 | — | 1.38× | ||
| Q4 24 | 38.96× | 1.56× | ||
| Q3 24 | 19.59× | 3.75× | ||
| Q2 24 | — | 3.04× | ||
| Q1 24 | 21.42× | 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
HUBS
| Subscription And Circulation | $829.0M | 98% |
| Services | $17.8M | 2% |
RBA
| Buyer Revenue | $577.2M | 48% |
| Seller Revenue | $255.2M | 21% |
| CA | $199.0M | 17% |
| Other | $124.7M | 10% |
| AU | $47.3M | 4% |
