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景顺（IVZ）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
景顺的季度营收约是利氏兄弟拍卖行的1.4倍（$1.7B vs $1.2B），利氏兄弟拍卖行净利率更高（9.1% vs -58.9%，领先68.0%），景顺同比增速更快（6.2% vs 5.4%），景顺自由现金流更多（$432.2M vs $186.5M），过去两年景顺的营收复合增速更高（7.1% vs 6.3%）
景顺是总部位于美国佐治亚州亚特兰大的独立投资管理企业，在全球20个国家设有分支机构，旗下运营景顺、Invesco Perpetual、PowerShares等品牌，普通股为标普500指数成分股，于纽约证券交易所挂牌交易。
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。
IVZ vs RBA — 直观对比
营收规模更大
IVZ
是对方的1.4倍
$1.2B
营收增速更快
IVZ
高出0.8%
5.4%
净利率更高
RBA
高出68.0%
-58.9%
自由现金流更多
IVZ
多$245.7M
$186.5M
两年增速更快
IVZ
近两年复合增速
6.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.7B | $1.2B |
| 净利润 | $-995.9M | $109.7M |
| 毛利率 | — | — |
| 营业利润率 | -86.2% | 14.7% |
| 净利率 | -58.9% | 9.1% |
| 营收同比 | 6.2% | 5.4% |
| 净利润同比 | -575.8% | -7.4% |
| 每股收益（稀释后） | $-2.61 | $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IVZRBA
| Q4 25 | $1.7B | $1.2B | ||
| Q3 25 | $1.6B | $1.1B | ||
| Q2 25 | $1.5B | $1.2B | ||
| Q1 25 | $1.5B | $1.1B | ||
| Q4 24 | $1.6B | $1.1B | ||
| Q3 24 | $1.5B | $981.8M | ||
| Q2 24 | $1.5B | $1.1B | ||
| Q1 24 | $1.5B | $1.1B |
净利润IVZRBA
| Q4 25 | $-995.9M | $109.7M | ||
| Q3 25 | $356.4M | $95.5M | ||
| Q2 25 | $197.4M | $109.8M | ||
| Q1 25 | $171.1M | $113.4M | ||
| Q4 24 | $209.3M | $118.5M | ||
| Q3 24 | $55.0M | $76.1M | ||
| Q2 24 | $132.2M | $111.1M | ||
| Q1 24 | $141.5M | $107.4M |
营业利润率IVZRBA
| Q4 25 | -86.2% | 14.7% | ||
| Q3 25 | 16.5% | 14.5% | ||
| Q2 25 | 14.1% | 15.9% | ||
| Q1 25 | 18.1% | 17.1% | ||
| Q4 24 | 19.6% | 18.1% | ||
| Q3 24 | 6.6% | 15.6% | ||
| Q2 24 | 13.9% | 18.4% | ||
| Q1 24 | 14.4% | 18.7% |
净利率IVZRBA
| Q4 25 | -58.9% | 9.1% | ||
| Q3 25 | 21.7% | 8.7% | ||
| Q2 25 | 13.0% | 9.3% | ||
| Q1 25 | 11.2% | 10.2% | ||
| Q4 24 | 13.1% | 10.4% | ||
| Q3 24 | 3.6% | 7.8% | ||
| Q2 24 | 8.9% | 10.1% | ||
| Q1 24 | 9.6% | 10.1% |
每股收益（稀释后）IVZRBA
| Q4 25 | $-2.61 | $0.53 | ||
| Q3 25 | $0.66 | $0.43 | ||
| Q2 25 | $-0.03 | $0.53 | ||
| Q1 25 | $0.38 | $0.55 | ||
| Q4 24 | $0.46 | $0.58 | ||
| Q3 24 | $0.12 | $0.36 | ||
| Q2 24 | $0.29 | $0.54 | ||
| Q1 24 | $0.31 | $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 | $1.8B | $2.3B |
| 股东权益账面价值 | $12.2B | $5.6B |
| 总资产 | $27.1B | $12.1B |
| 负债/权益比越低杠杆越低 | 0.15× | 0.42× |
8季度趋势，按日历期对齐
现金及短期投资IVZRBA
| Q4 25 | $1.0B | $531.5M | ||
| Q3 25 | $973.1M | $674.7M | ||
| Q2 25 | $922.7M | $710.2M | ||
| Q1 25 | $821.7M | $578.1M | ||
| Q4 24 | $986.5M | $533.9M | ||
| Q3 24 | $1.0B | $650.7M | ||
| Q2 24 | $878.5M | $599.5M | ||
| Q1 24 | $895.7M | $462.8M |
总债务IVZRBA
| Q4 25 | $1.8B | $2.3B | ||
| Q3 25 | $1.6B | $2.6B | ||
| Q2 25 | $1.9B | $2.6B | ||
| Q1 25 | $964.8M | $2.6B | ||
| Q4 24 | $890.6M | $2.6B | ||
| Q3 24 | $890.3M | $2.7B | ||
| Q2 24 | $890.1M | $2.8B | ||
| Q1 24 | $1.3B | $2.9B |
股东权益IVZRBA
| Q4 25 | $12.2B | $5.6B | ||
| Q3 25 | $14.0B | $5.5B | ||
| Q2 25 | $13.9B | $5.5B | ||
| Q1 25 | $14.7B | $5.3B | ||
| Q4 24 | $14.6B | $5.2B | ||
| Q3 24 | $14.8B | $5.2B | ||
| Q2 24 | $14.6B | $5.2B | ||
| Q1 24 | $14.6B | $5.1B |
总资产IVZRBA
| Q4 25 | $27.1B | $12.1B | ||
| Q3 25 | $28.4B | $12.2B | ||
| Q2 25 | $28.5B | $12.2B | ||
| Q1 25 | $28.1B | $11.9B | ||
| Q4 24 | $27.0B | $11.8B | ||
| Q3 24 | $27.5B | $11.9B | ||
| Q2 24 | $27.2B | $12.1B | ||
| Q1 24 | $28.1B | $12.0B |
负债/权益比IVZRBA
| Q4 25 | 0.15× | 0.42× | ||
| Q3 25 | 0.12× | 0.47× | ||
| Q2 25 | 0.14× | 0.47× | ||
| Q1 25 | 0.07× | 0.50× | ||
| Q4 24 | 0.06× | 0.50× | ||
| Q3 24 | 0.06× | 0.52× | ||
| Q2 24 | 0.06× | 0.55× | ||
| Q1 24 | 0.09× | 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 | $455.8M | $255.2M |
| 自由现金流经营现金流 - 资本支出 | $432.2M | $186.5M |
| 自由现金流率自由现金流/营收 | 25.5% | 15.5% |
| 资本支出强度资本支出/营收 | 1.4% | 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 | $1.4B | $719.2M |
8季度趋势，按日历期对齐
经营现金流IVZRBA
| Q4 25 | $455.8M | $255.2M | ||
| Q3 25 | $606.2M | $239.7M | ||
| Q2 25 | $547.9M | $326.5M | ||
| Q1 25 | $-84.6M | $156.8M | ||
| Q4 24 | $316.9M | $184.5M | ||
| Q3 24 | $438.4M | $285.4M | ||
| Q2 24 | $489.1M | $337.3M | ||
| Q1 24 | $-54.4M | $124.8M |
自由现金流IVZRBA
| Q4 25 | $432.2M | $186.5M | ||
| Q3 25 | $586.4M | $188.5M | ||
| Q2 25 | $530.4M | $241.7M | ||
| Q1 25 | $-108.0M | $102.5M | ||
| Q4 24 | $309.9M | $127.9M | ||
| Q3 24 | $410.0M | $248.5M | ||
| Q2 24 | $462.4M | $308.6M | ||
| Q1 24 | $-75.4M | $79.6M |
自由现金流率IVZRBA
| Q4 25 | 25.5% | 15.5% | ||
| Q3 25 | 35.7% | 17.3% | ||
| Q2 25 | 35.0% | 20.4% | ||
| Q1 25 | -7.1% | 9.2% | ||
| Q4 24 | 19.5% | 11.2% | ||
| Q3 24 | 27.1% | 25.3% | ||
| Q2 24 | 31.2% | 28.2% | ||
| Q1 24 | -5.1% | 7.5% |
资本支出强度IVZRBA
| Q4 25 | 1.4% | 5.7% | ||
| Q3 25 | 1.2% | 4.7% | ||
| Q2 25 | 1.2% | 7.2% | ||
| Q1 25 | 1.5% | 4.9% | ||
| Q4 24 | 0.4% | 5.0% | ||
| Q3 24 | 1.9% | 3.8% | ||
| Q2 24 | 1.8% | 2.6% | ||
| Q1 24 | 1.4% | 4.2% |
现金转化率IVZRBA
| Q4 25 | — | 2.33× | ||
| Q3 25 | 1.70× | 2.51× | ||
| Q2 25 | 2.78× | 2.97× | ||
| Q1 25 | -0.49× | 1.38× | ||
| Q4 24 | 1.51× | 1.56× | ||
| Q3 24 | 7.97× | 3.75× | ||
| Q2 24 | 3.70× | 3.04× | ||
| Q1 24 | -0.38× | 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
IVZ
| Investment Advice | $1.2B | 73% |
| Distribution And Shareholder Service | $382.7M | 23% |
| Financial Service Other | $51.0M | 3% |
| Investment Performance | $28.9M | 2% |
RBA
| Buyer Revenue | $577.2M | 48% |
| Seller Revenue | $255.2M | 21% |
| CA | $199.0M | 17% |
| Other | $124.7M | 10% |
| AU | $47.3M | 4% |
