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Invitation Homes（INVH）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Invitation Homes的1.8倍（$1.2B vs $685.3M），Invitation Homes净利率更高（21.1% vs 9.1%，领先12.0%），利氏兄弟拍卖行同比增速更快（5.4% vs 4.0%），利氏兄弟拍卖行自由现金流更多（$186.5M vs $122.4M），过去两年利氏兄弟拍卖行的营收复合增速更高（6.3% vs 3.0%）
Invitation Homes是纽交所上市企业，总部位于美国得克萨斯州达拉斯市林肯中心大厦，由Dallas B. Tanner出任首席执行官。截至2024年7月，公司在全美16个市场持有约8.4万套独栋出租住宅，是美国规模最大的独栋住宅租赁业主，17%的租金收入来自加利福尼亚州。
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。
INVH vs RBA — 直观对比
营收规模更大
RBA
是对方的1.8倍
$685.3M
营收增速更快
RBA
高出1.5%
4.0%
净利率更高
INVH
高出12.0%
9.1%
自由现金流更多
RBA
多$64.1M
$122.4M
两年增速更快
RBA
近两年复合增速
3.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $685.3M | $1.2B |
| 净利润 | $144.6M | $109.7M |
| 毛利率 | — | — |
| 营业利润率 | — | 14.7% |
| 净利率 | 21.1% | 9.1% |
| 营收同比 | 4.0% | 5.4% |
| 净利润同比 | 1.0% | -7.4% |
| 每股收益（稀释后） | $0.24 | $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INVHRBA
| Q4 25 | $685.3M | $1.2B | ||
| Q3 25 | $688.2M | $1.1B | ||
| Q2 25 | $681.4M | $1.2B | ||
| Q1 25 | $674.5M | $1.1B | ||
| Q4 24 | $659.1M | $1.1B | ||
| Q3 24 | $660.3M | $981.8M | ||
| Q2 24 | $653.5M | $1.1B | ||
| Q1 24 | $646.0M | $1.1B |
净利润INVHRBA
| Q4 25 | $144.6M | $109.7M | ||
| Q3 25 | $136.7M | $95.5M | ||
| Q2 25 | $140.9M | $109.8M | ||
| Q1 25 | $165.7M | $113.4M | ||
| Q4 24 | $143.1M | $118.5M | ||
| Q3 24 | $95.3M | $76.1M | ||
| Q2 24 | $73.2M | $111.1M | ||
| Q1 24 | $142.3M | $107.4M |
营业利润率INVHRBA
| Q4 25 | — | 14.7% | ||
| Q3 25 | — | 14.5% | ||
| Q2 25 | — | 15.9% | ||
| Q1 25 | — | 17.1% | ||
| Q4 24 | — | 18.1% | ||
| Q3 24 | — | 15.6% | ||
| Q2 24 | — | 18.4% | ||
| Q1 24 | — | 18.7% |
净利率INVHRBA
| Q4 25 | 21.1% | 9.1% | ||
| Q3 25 | 19.9% | 8.7% | ||
| Q2 25 | 20.7% | 9.3% | ||
| Q1 25 | 24.6% | 10.2% | ||
| Q4 24 | 21.7% | 10.4% | ||
| Q3 24 | 14.4% | 7.8% | ||
| Q2 24 | 11.2% | 10.1% | ||
| Q1 24 | 22.0% | 10.1% |
每股收益（稀释后）INVHRBA
| Q4 25 | $0.24 | $0.53 | ||
| Q3 25 | $0.22 | $0.43 | ||
| Q2 25 | $0.23 | $0.53 | ||
| Q1 25 | $0.27 | $0.55 | ||
| Q4 24 | $0.24 | $0.58 | ||
| Q3 24 | $0.15 | $0.36 | ||
| Q2 24 | $0.12 | $0.54 | ||
| Q1 24 | $0.23 | $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 | $130.0M | $531.5M |
| 总债务越低越好 | $8.4B | $2.3B |
| 股东权益账面价值 | $9.5B | $5.6B |
| 总资产 | $18.7B | $12.1B |
| 负债/权益比越低杠杆越低 | 0.88× | 0.42× |
8季度趋势，按日历期对齐
现金及短期投资INVHRBA
| Q4 25 | $130.0M | $531.5M | ||
| Q3 25 | $155.4M | $674.7M | ||
| Q2 25 | $65.1M | $710.2M | ||
| Q1 25 | $84.4M | $578.1M | ||
| Q4 24 | $174.5M | $533.9M | ||
| Q3 24 | $1.0B | $650.7M | ||
| Q2 24 | $749.4M | $599.5M | ||
| Q1 24 | $738.1M | $462.8M |
总债务INVHRBA
| Q4 25 | $8.4B | $2.3B | ||
| Q3 25 | $8.2B | $2.6B | ||
| Q2 25 | $8.2B | $2.6B | ||
| Q1 25 | $8.1B | $2.6B | ||
| Q4 24 | $8.2B | $2.6B | ||
| Q3 24 | $9.0B | $2.7B | ||
| Q2 24 | $8.5B | $2.8B | ||
| Q1 24 | $8.5B | $2.9B |
股东权益INVHRBA
| Q4 25 | $9.5B | $5.6B | ||
| Q3 25 | $9.6B | $5.5B | ||
| Q2 25 | $9.7B | $5.5B | ||
| Q1 25 | $9.7B | $5.3B | ||
| Q4 24 | $9.8B | $5.2B | ||
| Q3 24 | $9.9B | $5.2B | ||
| Q2 24 | $10.0B | $5.2B | ||
| Q1 24 | $10.1B | $5.1B |
总资产INVHRBA
| Q4 25 | $18.7B | $12.1B | ||
| Q3 25 | $18.8B | $12.2B | ||
| Q2 25 | $18.7B | $12.2B | ||
| Q1 25 | $18.6B | $11.9B | ||
| Q4 24 | $18.7B | $11.8B | ||
| Q3 24 | $19.6B | $11.9B | ||
| Q2 24 | $19.2B | $12.1B | ||
| Q1 24 | $19.2B | $12.0B |
负债/权益比INVHRBA
| Q4 25 | 0.88× | 0.42× | ||
| Q3 25 | 0.86× | 0.47× | ||
| Q2 25 | 0.85× | 0.47× | ||
| Q1 25 | 0.83× | 0.50× | ||
| Q4 24 | 0.84× | 0.50× | ||
| Q3 24 | 0.91× | 0.52× | ||
| Q2 24 | 0.85× | 0.55× | ||
| Q1 24 | 0.84× | 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 | $128.7M | $255.2M |
| 自由现金流经营现金流 - 资本支出 | $122.4M | $186.5M |
| 自由现金流率自由现金流/营收 | 17.9% | 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 | 0.89× | 2.33× |
| 过去12个月自由现金流最近4个季度 | $1.2B | $719.2M |
8季度趋势，按日历期对齐
经营现金流INVHRBA
| Q4 25 | $128.7M | $255.2M | ||
| Q3 25 | $394.6M | $239.7M | ||
| Q2 25 | $382.5M | $326.5M | ||
| Q1 25 | $300.5M | $156.8M | ||
| Q4 24 | $132.8M | $184.5M | ||
| Q3 24 | $313.6M | $285.4M | ||
| Q2 24 | $369.8M | $337.3M | ||
| Q1 24 | $265.6M | $124.8M |
自由现金流INVHRBA
| Q4 25 | $122.4M | $186.5M | ||
| Q3 25 | $387.8M | $188.5M | ||
| Q2 25 | $374.4M | $241.7M | ||
| Q1 25 | $293.3M | $102.5M | ||
| Q4 24 | $125.0M | $127.9M | ||
| Q3 24 | $305.2M | $248.5M | ||
| Q2 24 | $363.8M | $308.6M | ||
| Q1 24 | $257.1M | $79.6M |
自由现金流率INVHRBA
| Q4 25 | 17.9% | 15.5% | ||
| Q3 25 | 56.4% | 17.3% | ||
| Q2 25 | 54.9% | 20.4% | ||
| Q1 25 | 43.5% | 9.2% | ||
| Q4 24 | 19.0% | 11.2% | ||
| Q3 24 | 46.2% | 25.3% | ||
| Q2 24 | 55.7% | 28.2% | ||
| Q1 24 | 39.8% | 7.5% |
资本支出强度INVHRBA
| Q4 25 | 0.9% | 5.7% | ||
| Q3 25 | 1.0% | 4.7% | ||
| Q2 25 | 1.2% | 7.2% | ||
| Q1 25 | 1.1% | 4.9% | ||
| Q4 24 | 1.2% | 5.0% | ||
| Q3 24 | 1.3% | 3.8% | ||
| Q2 24 | 0.9% | 2.6% | ||
| Q1 24 | 1.3% | 4.2% |
现金转化率INVHRBA
| Q4 25 | 0.89× | 2.33× | ||
| Q3 25 | 2.89× | 2.51× | ||
| Q2 25 | 2.71× | 2.97× | ||
| Q1 25 | 1.81× | 1.38× | ||
| Q4 24 | 0.93× | 1.56× | ||
| Q3 24 | 3.29× | 3.75× | ||
| Q2 24 | 5.05× | 3.04× | ||
| Q1 24 | 1.87× | 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
INVH
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% |
