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宜瑞安（INGR）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
宜瑞安的季度营收约是利氏兄弟拍卖行的1.5倍（$1.8B vs $1.2B），宜瑞安净利率更高（9.5% vs 9.1%，领先0.4%），利氏兄弟拍卖行同比增速更快（5.4% vs -2.4%），宜瑞安自由现金流更多（$270.0M vs $186.5M），过去两年利氏兄弟拍卖行的营收复合增速更高（6.3% vs -3.4%）
宜瑞安（Ingredion Inc.）是总部位于美国伊利诺伊州的食品饮料配料供应商，主打产品包括淀粉、非转基因甜味剂、甜菊糖、豌豆蛋白等，以玉米、木薯、马铃薯、谷物、果蔬等为原料，产品供应食品、饮料、酿造、制药等多个行业，在全球44个站点拥有约1.2万名员工，客户覆盖超120个国家。
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。
INGR vs RBA — 直观对比
营收规模更大
INGR
是对方的1.5倍
$1.2B
营收增速更快
RBA
高出7.8%
-2.4%
净利率更高
INGR
高出0.4%
9.1%
自由现金流更多
INGR
多$83.5M
$186.5M
两年增速更快
RBA
近两年复合增速
-3.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.8B | $1.2B |
| 净利润 | $167.0M | $109.7M |
| 毛利率 | 24.5% | — |
| 营业利润率 | 12.5% | 14.7% |
| 净利率 | 9.5% | 9.1% |
| 营收同比 | -2.4% | 5.4% |
| 净利润同比 | 72.2% | -7.4% |
| 每股收益（稀释后） | $2.58 | $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INGRRBA
| Q4 25 | $1.8B | $1.2B | ||
| Q3 25 | $1.8B | $1.1B | ||
| Q2 25 | $1.8B | $1.2B | ||
| Q1 25 | $1.8B | $1.1B | ||
| Q4 24 | $1.8B | $1.1B | ||
| Q3 24 | $1.9B | $981.8M | ||
| Q2 24 | $1.9B | $1.1B | ||
| Q1 24 | $1.9B | $1.1B |
净利润INGRRBA
| Q4 25 | $167.0M | $109.7M | ||
| Q3 25 | $171.0M | $95.5M | ||
| Q2 25 | $196.0M | $109.8M | ||
| Q1 25 | $197.0M | $113.4M | ||
| Q4 24 | $97.0M | $118.5M | ||
| Q3 24 | $188.0M | $76.1M | ||
| Q2 24 | $148.0M | $111.1M | ||
| Q1 24 | $216.0M | $107.4M |
毛利率INGRRBA
| Q4 25 | 24.5% | — | ||
| Q3 25 | 25.1% | — | ||
| Q2 25 | 26.0% | — | ||
| Q1 25 | 25.7% | — | ||
| Q4 24 | 24.9% | — | ||
| Q3 24 | 25.6% | — | ||
| Q2 24 | 23.7% | — | ||
| Q1 24 | 22.2% | — |
营业利润率INGRRBA
| Q4 25 | 12.5% | 14.7% | ||
| Q3 25 | 13.7% | 14.5% | ||
| Q2 25 | 14.8% | 15.9% | ||
| Q1 25 | 15.2% | 17.1% | ||
| Q4 24 | 9.0% | 18.1% | ||
| Q3 24 | 14.3% | 15.6% | ||
| Q2 24 | 12.8% | 18.4% | ||
| Q1 24 | 11.3% | 18.7% |
净利率INGRRBA
| Q4 25 | 9.5% | 9.1% | ||
| Q3 25 | 9.4% | 8.7% | ||
| Q2 25 | 10.7% | 9.3% | ||
| Q1 25 | 10.9% | 10.2% | ||
| Q4 24 | 5.4% | 10.4% | ||
| Q3 24 | 10.1% | 7.8% | ||
| Q2 24 | 7.9% | 10.1% | ||
| Q1 24 | 11.5% | 10.1% |
每股收益（稀释后）INGRRBA
| Q4 25 | $2.58 | $0.53 | ||
| Q3 25 | $2.61 | $0.43 | ||
| Q2 25 | $2.99 | $0.53 | ||
| Q1 25 | $3.00 | $0.55 | ||
| Q4 24 | $1.43 | $0.58 | ||
| Q3 24 | $2.83 | $0.36 | ||
| Q2 24 | $2.22 | $0.54 | ||
| Q1 24 | $3.23 | $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 | $1.0B | $531.5M |
| 总债务越低越好 | — | $2.3B |
| 股东权益账面价值 | $4.3B | $5.6B |
| 总资产 | $7.9B | $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INGRRBA
| Q4 25 | $1.0B | $531.5M | ||
| Q3 25 | $915.0M | $674.7M | ||
| Q2 25 | $861.0M | $710.2M | ||
| Q1 25 | $837.0M | $578.1M | ||
| Q4 24 | $997.0M | $533.9M | ||
| Q3 24 | $877.0M | $650.7M | ||
| Q2 24 | $505.0M | $599.5M | ||
| Q1 24 | $438.0M | $462.8M |
总债务INGRRBA
| 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INGRRBA
| Q4 25 | $4.3B | $5.6B | ||
| Q3 25 | $4.2B | $5.5B | ||
| Q2 25 | $4.2B | $5.5B | ||
| Q1 25 | $4.0B | $5.3B | ||
| Q4 24 | $3.8B | $5.2B | ||
| Q3 24 | $4.0B | $5.2B | ||
| Q2 24 | $3.7B | $5.2B | ||
| Q1 24 | $3.7B | $5.1B |
总资产INGRRBA
| Q4 25 | $7.9B | $12.1B | ||
| Q3 25 | $7.8B | $12.2B | ||
| Q2 25 | $7.8B | $12.2B | ||
| Q1 25 | $7.5B | $11.9B | ||
| Q4 24 | $7.4B | $11.8B | ||
| Q3 24 | $7.5B | $11.9B | ||
| Q2 24 | $7.2B | $12.1B | ||
| Q1 24 | $7.3B | $12.0B |
负债/权益比INGRRBA
| 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 | $405.0M | $255.2M |
| 自由现金流经营现金流 - 资本支出 | $270.0M | $186.5M |
| 自由现金流率自由现金流/营收 | 15.4% | 15.5% |
| 资本支出强度资本支出/营收 | 7.7% | 5.7% |
| 现金转化率经营现金流/净利润 | 2.43× | 2.33× |
| 过去12个月自由现金流最近4个季度 | $511.0M | $719.2M |
8季度趋势，按日历期对齐
经营现金流INGRRBA
| Q4 25 | $405.0M | $255.2M | ||
| Q3 25 | $277.0M | $239.7M | ||
| Q2 25 | $185.0M | $326.5M | ||
| Q1 25 | $77.0M | $156.8M | ||
| Q4 24 | $436.0M | $184.5M | ||
| Q3 24 | $479.0M | $285.4M | ||
| Q2 24 | $312.0M | $337.3M | ||
| Q1 24 | $209.0M | $124.8M |
自由现金流INGRRBA
| Q4 25 | $270.0M | $186.5M | ||
| Q3 25 | $172.0M | $188.5M | ||
| Q2 25 | $84.0M | $241.7M | ||
| Q1 25 | $-15.0M | $102.5M | ||
| Q4 24 | $311.0M | $127.9M | ||
| Q3 24 | $429.0M | $248.5M | ||
| Q2 24 | $257.0M | $308.6M | ||
| Q1 24 | $144.0M | $79.6M |
自由现金流率INGRRBA
| Q4 25 | 15.4% | 15.5% | ||
| Q3 25 | 9.5% | 17.3% | ||
| Q2 25 | 4.6% | 20.4% | ||
| Q1 25 | -0.8% | 9.2% | ||
| Q4 24 | 17.3% | 11.2% | ||
| Q3 24 | 22.9% | 25.3% | ||
| Q2 24 | 13.7% | 28.2% | ||
| Q1 24 | 7.7% | 7.5% |
资本支出强度INGRRBA
| Q4 25 | 7.7% | 5.7% | ||
| Q3 25 | 5.8% | 4.7% | ||
| Q2 25 | 5.5% | 7.2% | ||
| Q1 25 | 5.1% | 4.9% | ||
| Q4 24 | 6.9% | 5.0% | ||
| Q3 24 | 2.7% | 3.8% | ||
| Q2 24 | 2.9% | 2.6% | ||
| Q1 24 | 3.5% | 4.2% |
现金转化率INGRRBA
| Q4 25 | 2.43× | 2.33× | ||
| Q3 25 | 1.62× | 2.51× | ||
| Q2 25 | 0.94× | 2.97× | ||
| Q1 25 | 0.39× | 1.38× | ||
| Q4 24 | 4.49× | 1.56× | ||
| Q3 24 | 2.55× | 3.75× | ||
| Q2 24 | 2.11× | 3.04× | ||
| Q1 24 | 0.97× | 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
INGR
| Food And Industrial Ingredients LATAM Segment | $599.0M | 34% |
| Texture And Healthful Solutions Segment | $598.0M | 34% |
| Food And Industrial Ingredients U.S.Canada Segment | $486.0M | 28% |
| Other | $74.0M | 4% |
RBA
| Buyer Revenue | $577.2M | 48% |
| Seller Revenue | $255.2M | 21% |
| CA | $199.0M | 17% |
| Other | $124.7M | 10% |
| AU | $47.3M | 4% |
