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IAC Inc.（IAC）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IAC Inc.的1.9倍（$1.2B vs $646.0M），利氏兄弟拍卖行净利率更高（9.1% vs -11.9%，领先21.0%），利氏兄弟拍卖行同比增速更快（5.4% vs -10.5%），利氏兄弟拍卖行自由现金流更多（$186.5M vs $31.4M），过去两年利氏兄弟拍卖行的营收复合增速更高（6.3% vs 1.7%）
IAC Inc.是一家美国控股企业，业务覆盖媒体与互联网领域，在全球拥有多个知名品牌。公司前身是1996年成立的HSN Inc.，当时作为家庭购物频道Home Shopping Network和USA电视台的控股主体运营，1999年更名为USA Networks Inc.，2002年将旗下电视业务资产出售给威望迪集团。
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。
IAC vs RBA — 直观对比
营收规模更大
RBA
是对方的1.9倍
$646.0M
营收增速更快
RBA
高出15.9%
-10.5%
净利率更高
RBA
高出21.0%
-11.9%
自由现金流更多
RBA
多$155.1M
$31.4M
两年增速更快
RBA
近两年复合增速
1.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $646.0M | $1.2B |
| 净利润 | $-76.8M | $109.7M |
| 毛利率 | 69.8% | — |
| 营业利润率 | -17.5% | 14.7% |
| 净利率 | -11.9% | 9.1% |
| 营收同比 | -10.5% | 5.4% |
| 净利润同比 | 61.4% | -7.4% |
| 每股收益（稀释后） | $-0.96 | $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IACRBA
| Q4 25 | $646.0M | $1.2B | ||
| Q3 25 | $589.8M | $1.1B | ||
| Q2 25 | $586.9M | $1.2B | ||
| Q1 25 | $570.5M | $1.1B | ||
| Q4 24 | $721.4M | $1.1B | ||
| Q3 24 | $642.0M | $981.8M | ||
| Q2 24 | $634.4M | $1.1B | ||
| Q1 24 | $624.3M | $1.1B |
净利润IACRBA
| Q4 25 | $-76.8M | $109.7M | ||
| Q3 25 | $-21.9M | $95.5M | ||
| Q2 25 | $211.5M | $109.8M | ||
| Q1 25 | $-216.8M | $113.4M | ||
| Q4 24 | $-199.0M | $118.5M | ||
| Q3 24 | $-243.7M | $76.1M | ||
| Q2 24 | $-142.2M | $111.1M | ||
| Q1 24 | $45.0M | $107.4M |
毛利率IACRBA
| Q4 25 | 69.8% | — | ||
| Q3 25 | 64.8% | — | ||
| Q2 25 | 65.6% | — | ||
| Q1 25 | 64.0% | — | ||
| Q4 24 | 65.8% | — | ||
| Q3 24 | 62.1% | — | ||
| Q2 24 | 60.1% | — | ||
| Q1 24 | 58.4% | — |
营业利润率IACRBA
| Q4 25 | -17.5% | 14.7% | ||
| Q3 25 | -3.5% | 14.5% | ||
| Q2 25 | 0.1% | 15.9% | ||
| Q1 25 | 6.3% | 17.1% | ||
| Q4 24 | 6.7% | 18.1% | ||
| Q3 24 | 1.3% | 15.6% | ||
| Q2 24 | -3.4% | 18.4% | ||
| Q1 24 | -10.2% | 18.7% |
净利率IACRBA
| Q4 25 | -11.9% | 9.1% | ||
| Q3 25 | -3.7% | 8.7% | ||
| Q2 25 | 36.0% | 9.3% | ||
| Q1 25 | -38.0% | 10.2% | ||
| Q4 24 | -27.6% | 10.4% | ||
| Q3 24 | -38.0% | 7.8% | ||
| Q2 24 | -22.4% | 10.1% | ||
| Q1 24 | 7.2% | 10.1% |
每股收益（稀释后）IACRBA
| Q4 25 | $-0.96 | $0.53 | ||
| Q3 25 | $-0.27 | $0.43 | ||
| Q2 25 | $2.57 | $0.53 | ||
| Q1 25 | $-2.64 | $0.55 | ||
| Q4 24 | $-2.36 | $0.58 | ||
| Q3 24 | $-2.93 | $0.36 | ||
| Q2 24 | $-1.71 | $0.54 | ||
| Q1 24 | $0.51 | $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 | $960.2M | $531.5M |
| 总债务越低越好 | $1.4B | $2.3B |
| 股东权益账面价值 | $4.7B | $5.6B |
| 总资产 | $7.1B | $12.1B |
| 负债/权益比越低杠杆越低 | 0.30× | 0.42× |
8季度趋势，按日历期对齐
现金及短期投资IACRBA
| Q4 25 | $960.2M | $531.5M | ||
| Q3 25 | $1.0B | $674.7M | ||
| Q2 25 | $1.1B | $710.2M | ||
| Q1 25 | $1.2B | $578.1M | ||
| Q4 24 | $1.4B | $533.9M | ||
| Q3 24 | $1.3B | $650.7M | ||
| Q2 24 | $1.3B | $599.5M | ||
| Q1 24 | $1.3B | $462.8M |
总债务IACRBA
| Q4 25 | $1.4B | $2.3B | ||
| Q3 25 | $1.4B | $2.6B | ||
| Q2 25 | $1.4B | $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IACRBA
| Q4 25 | $4.7B | $5.6B | ||
| Q3 25 | $4.8B | $5.5B | ||
| Q2 25 | $4.9B | $5.5B | ||
| Q1 25 | $4.7B | $5.3B | ||
| Q4 24 | $5.6B | $5.2B | ||
| Q3 24 | $5.8B | $5.2B | ||
| Q2 24 | $6.0B | $5.2B | ||
| Q1 24 | $6.1B | $5.1B |
总资产IACRBA
| Q4 25 | $7.1B | $12.1B | ||
| Q3 25 | $7.2B | $12.2B | ||
| Q2 25 | $7.4B | $12.2B | ||
| Q1 25 | $7.2B | $11.9B | ||
| Q4 24 | $9.7B | $11.8B | ||
| Q3 24 | $9.8B | $11.9B | ||
| Q2 24 | $10.2B | $12.1B | ||
| Q1 24 | $10.4B | $12.0B |
负债/权益比IACRBA
| Q4 25 | 0.30× | 0.42× | ||
| Q3 25 | 0.30× | 0.47× | ||
| Q2 25 | 0.30× | 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 | $36.6M | $255.2M |
| 自由现金流经营现金流 - 资本支出 | $31.4M | $186.5M |
| 自由现金流率自由现金流/营收 | 4.9% | 15.5% |
| 资本支出强度资本支出/营收 | 0.8% | 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 | $44.8M | $719.2M |
8季度趋势，按日历期对齐
经营现金流IACRBA
| Q4 25 | $36.6M | $255.2M | ||
| Q3 25 | $30.1M | $239.7M | ||
| Q2 25 | $-2.8M | $326.5M | ||
| Q1 25 | $63.0K | $156.8M | ||
| Q4 24 | $110.1M | $184.5M | ||
| Q3 24 | $95.3M | $285.4M | ||
| Q2 24 | $85.0M | $337.3M | ||
| Q1 24 | $64.1M | $124.8M |
自由现金流IACRBA
| Q4 25 | $31.4M | $186.5M | ||
| Q3 25 | $25.3M | $188.5M | ||
| Q2 25 | $-7.2M | $241.7M | ||
| Q1 25 | $-4.6M | $102.5M | ||
| Q4 24 | $104.8M | $127.9M | ||
| Q3 24 | $92.0M | $248.5M | ||
| Q2 24 | $81.6M | $308.6M | ||
| Q1 24 | $61.1M | $79.6M |
自由现金流率IACRBA
| Q4 25 | 4.9% | 15.5% | ||
| Q3 25 | 4.3% | 17.3% | ||
| Q2 25 | -1.2% | 20.4% | ||
| Q1 25 | -0.8% | 9.2% | ||
| Q4 24 | 14.5% | 11.2% | ||
| Q3 24 | 14.3% | 25.3% | ||
| Q2 24 | 12.9% | 28.2% | ||
| Q1 24 | 9.8% | 7.5% |
资本支出强度IACRBA
| Q4 25 | 0.8% | 5.7% | ||
| Q3 25 | 0.8% | 4.7% | ||
| Q2 25 | 0.8% | 7.2% | ||
| Q1 25 | 0.8% | 4.9% | ||
| Q4 24 | 0.7% | 5.0% | ||
| Q3 24 | 0.5% | 3.8% | ||
| Q2 24 | 0.5% | 2.6% | ||
| Q1 24 | 0.5% | 4.2% |
现金转化率IACRBA
| Q4 25 | — | 2.33× | ||
| Q3 25 | — | 2.51× | ||
| Q2 25 | -0.01× | 2.97× | ||
| Q1 25 | — | 1.38× | ||
| Q4 24 | — | 1.56× | ||
| Q3 24 | — | 3.75× | ||
| Q2 24 | — | 3.04× | ||
| Q1 24 | 1.42× | 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
IAC
| $168.5M | 26% | |
| Performance Marketing | $101.2M | 16% |
| Care.com | $85.7M | 13% |
| Subscription | $69.5M | 11% |
| Licensing And Other | $43.8M | 7% |
| Consumer Revenue | $43.2M | 7% |
| Advertising | $35.9M | 6% |
| Project And Other Print | $33.6M | 5% |
| Advertising Google | $28.9M | 4% |
| Newsstand | $22.4M | 3% |
| Emerging Other | $19.6M | 3% |
RBA
| Buyer Revenue | $577.2M | 48% |
| Seller Revenue | $255.2M | 21% |
| CA | $199.0M | 17% |
| Other | $124.7M | 10% |
| AU | $47.3M | 4% |
