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KAISER ALUMINUM CORP（KALU）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KAISER ALUMINUM CORP的1.3倍（$1.2B vs $929.0M），利氏兄弟拍卖行净利率更高（9.1% vs 3.0%，领先6.1%），KAISER ALUMINUM CORP同比增速更快（21.4% vs 5.4%），利氏兄弟拍卖行自由现金流更多（$186.5M vs $-51.1M），过去两年KAISER ALUMINUM CORP的营收复合增速更高（12.2% vs 6.3%）
凯撒铝业是美国知名铝产品生产商，前身为凯撒铝业化工公司。其历史可追溯至Permanente Metals公司，该公司公开发行普通股后更名为凯撒铝业化工公司，后续拆分出现在的凯撒铝业，深耕铝材料生产领域，为下游多行业提供铝制品解决方案。
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。
KALU vs RBA — 直观对比
营收规模更大
RBA
是对方的1.3倍
$929.0M
营收增速更快
KALU
高出16.0%
5.4%
净利率更高
RBA
高出6.1%
3.0%
自由现金流更多
RBA
多$237.6M
$-51.1M
两年增速更快
KALU
近两年复合增速
6.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $929.0M | $1.2B |
| 净利润 | $28.2M | $109.7M |
| 毛利率 | 13.3% | — |
| 营业利润率 | 6.5% | 14.7% |
| 净利率 | 3.0% | 9.1% |
| 营收同比 | 21.4% | 5.4% |
| 净利润同比 | 42.4% | -7.4% |
| 每股收益（稀释后） | $1.67 | $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KALURBA
| Q4 25 | $929.0M | $1.2B | ||
| Q3 25 | $843.5M | $1.1B | ||
| Q2 25 | $823.1M | $1.2B | ||
| Q1 25 | $777.4M | $1.1B | ||
| Q4 24 | $765.4M | $1.1B | ||
| Q3 24 | $747.7M | $981.8M | ||
| Q2 24 | $773.4M | $1.1B | ||
| Q1 24 | $737.5M | $1.1B |
净利润KALURBA
| Q4 25 | $28.2M | $109.7M | ||
| Q3 25 | $39.5M | $95.5M | ||
| Q2 25 | $23.2M | $109.8M | ||
| Q1 25 | $21.6M | $113.4M | ||
| Q4 24 | $19.8M | $118.5M | ||
| Q3 24 | $8.8M | $76.1M | ||
| Q2 24 | $18.9M | $111.1M | ||
| Q1 24 | $18.2M | $107.4M |
毛利率KALURBA
| Q4 25 | 13.3% | — | ||
| Q3 25 | 13.6% | — | ||
| Q2 25 | 12.2% | — | ||
| Q1 25 | 13.4% | — | ||
| Q4 24 | 12.5% | — | ||
| Q3 24 | 9.6% | — | ||
| Q2 24 | 13.4% | — | ||
| Q1 24 | 11.7% | — |
营业利润率KALURBA
| Q4 25 | 6.5% | 14.7% | ||
| Q3 25 | 5.8% | 14.5% | ||
| Q2 25 | 4.6% | 15.9% | ||
| Q1 25 | 5.3% | 17.1% | ||
| Q4 24 | 5.0% | 18.1% | ||
| Q3 24 | 1.8% | 15.6% | ||
| Q2 24 | 4.7% | 18.4% | ||
| Q1 24 | 3.3% | 18.7% |
净利率KALURBA
| Q4 25 | 3.0% | 9.1% | ||
| Q3 25 | 4.7% | 8.7% | ||
| Q2 25 | 2.8% | 9.3% | ||
| Q1 25 | 2.8% | 10.2% | ||
| Q4 24 | 2.6% | 10.4% | ||
| Q3 24 | 1.2% | 7.8% | ||
| Q2 24 | 2.4% | 10.1% | ||
| Q1 24 | 2.5% | 10.1% |
每股收益（稀释后）KALURBA
| Q4 25 | $1.67 | $0.53 | ||
| Q3 25 | $2.38 | $0.43 | ||
| Q2 25 | $1.41 | $0.53 | ||
| Q1 25 | $1.31 | $0.55 | ||
| Q4 24 | $1.21 | $0.58 | ||
| Q3 24 | $0.54 | $0.36 | ||
| Q2 24 | $1.15 | $0.54 | ||
| Q1 24 | $1.12 | $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 | $7.0M | $531.5M |
| 总债务越低越好 | — | $2.3B |
| 股东权益账面价值 | $826.1M | $5.6B |
| 总资产 | $2.6B | $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KALURBA
| Q4 25 | $7.0M | $531.5M | ||
| Q3 25 | $17.2M | $674.7M | ||
| Q2 25 | $13.1M | $710.2M | ||
| Q1 25 | $21.3M | $578.1M | ||
| Q4 24 | $18.4M | $533.9M | ||
| Q3 24 | $45.7M | $650.7M | ||
| Q2 24 | $70.4M | $599.5M | ||
| Q1 24 | $101.6M | $462.8M |
总债务KALURBA
| 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KALURBA
| Q4 25 | $826.1M | $5.6B | ||
| Q3 25 | $806.1M | $5.5B | ||
| Q2 25 | $776.0M | $5.5B | ||
| Q1 25 | $756.8M | $5.3B | ||
| Q4 24 | $743.1M | $5.2B | ||
| Q3 24 | $729.4M | $5.2B | ||
| Q2 24 | $727.6M | $5.2B | ||
| Q1 24 | $714.7M | $5.1B |
总资产KALURBA
| Q4 25 | $2.6B | $12.1B | ||
| Q3 25 | $2.6B | $12.2B | ||
| Q2 25 | $2.5B | $12.2B | ||
| Q1 25 | $2.4B | $11.9B | ||
| Q4 24 | $2.4B | $11.8B | ||
| Q3 24 | $2.3B | $11.9B | ||
| Q2 24 | $2.3B | $12.1B | ||
| Q1 24 | $2.3B | $12.0B |
负债/权益比KALURBA
| 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 | $-20.6M | $255.2M |
| 自由现金流经营现金流 - 资本支出 | $-51.1M | $186.5M |
| 自由现金流率自由现金流/营收 | -5.5% | 15.5% |
| 资本支出强度资本支出/营收 | 3.3% | 5.7% |
| 现金转化率经营现金流/净利润 | -0.73× | 2.33× |
| 过去12个月自由现金流最近4个季度 | $-25.5M | $719.2M |
8季度趋势，按日历期对齐
经营现金流KALURBA
| Q4 25 | $-20.6M | $255.2M | ||
| Q3 25 | $59.1M | $239.7M | ||
| Q2 25 | $15.9M | $326.5M | ||
| Q1 25 | $57.0M | $156.8M | ||
| Q4 24 | $43.4M | $184.5M | ||
| Q3 24 | $34.1M | $285.4M | ||
| Q2 24 | $26.3M | $337.3M | ||
| Q1 24 | $63.3M | $124.8M |
自由现金流KALURBA
| Q4 25 | $-51.1M | $186.5M | ||
| Q3 25 | $34.5M | $188.5M | ||
| Q2 25 | $-27.7M | $241.7M | ||
| Q1 25 | $18.8M | $102.5M | ||
| Q4 24 | $-12.6M | $127.9M | ||
| Q3 24 | $-17.0M | $248.5M | ||
| Q2 24 | $-17.4M | $308.6M | ||
| Q1 24 | $33.3M | $79.6M |
自由现金流率KALURBA
| Q4 25 | -5.5% | 15.5% | ||
| Q3 25 | 4.1% | 17.3% | ||
| Q2 25 | -3.4% | 20.4% | ||
| Q1 25 | 2.4% | 9.2% | ||
| Q4 24 | -1.6% | 11.2% | ||
| Q3 24 | -2.3% | 25.3% | ||
| Q2 24 | -2.2% | 28.2% | ||
| Q1 24 | 4.5% | 7.5% |
资本支出强度KALURBA
| Q4 25 | 3.3% | 5.7% | ||
| Q3 25 | 2.9% | 4.7% | ||
| Q2 25 | 5.3% | 7.2% | ||
| Q1 25 | 4.9% | 4.9% | ||
| Q4 24 | 7.3% | 5.0% | ||
| Q3 24 | 6.8% | 3.8% | ||
| Q2 24 | 5.7% | 2.6% | ||
| Q1 24 | 4.1% | 4.2% |
现金转化率KALURBA
| Q4 25 | -0.73× | 2.33× | ||
| Q3 25 | 1.50× | 2.51× | ||
| Q2 25 | 0.69× | 2.97× | ||
| Q1 25 | 2.64× | 1.38× | ||
| Q4 24 | 2.19× | 1.56× | ||
| Q3 24 | 3.88× | 3.75× | ||
| Q2 24 | 1.39× | 3.04× | ||
| Q1 24 | 3.48× | 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
KALU
| Packaging | $440.6M | 47% |
| Aero Hs Products | $213.0M | 23% |
| Transferred Over Time | $200.2M | 22% |
| Automotive Extrusions | $75.4M | 8% |
RBA
| Buyer Revenue | $577.2M | 48% |
| Seller Revenue | $255.2M | 21% |
| CA | $199.0M | 17% |
| Other | $124.7M | 10% |
| AU | $47.3M | 4% |
