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KeyCorp（KEY）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
KeyCorp的季度营收约是利氏兄弟拍卖行的1.7倍（$2.0B vs $1.2B），KeyCorp净利率更高（25.4% vs 9.1%，领先16.3%），KeyCorp同比增速更快（131.8% vs 5.4%），KeyCorp自由现金流更多（$2.1B vs $186.5M），过去两年KeyCorp的营收复合增速更高（14.4% vs 6.3%）
Key是日本知名视觉小说工作室，1998年7月21日作为发行商Visual Arts旗下品牌成立，总部位于大阪市北区。工作室主打剧情向作品，擅长创作情感饱满、情节跌宕的戏剧类内容，旗下多款作品深受全球ACG爱好者喜爱。
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。
KEY vs RBA — 直观对比
营收规模更大
KEY
是对方的1.7倍
$1.2B
营收增速更快
KEY
高出126.4%
5.4%
净利率更高
KEY
高出16.3%
9.1%
自由现金流更多
KEY
多$1.9B
$186.5M
两年增速更快
KEY
近两年复合增速
6.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.0B | $1.2B |
| 净利润 | $510.0M | $109.7M |
| 毛利率 | — | — |
| 营业利润率 | 32.3% | 14.7% |
| 净利率 | 25.4% | 9.1% |
| 营收同比 | 131.8% | 5.4% |
| 净利润同比 | 309.0% | -7.4% |
| 每股收益（稀释后） | $0.43 | $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KEYRBA
| Q4 25 | $2.0B | $1.2B | ||
| Q3 25 | $1.9B | $1.1B | ||
| Q2 25 | $1.8B | $1.2B | ||
| Q1 25 | $1.8B | $1.1B | ||
| Q4 24 | $865.0M | $1.1B | ||
| Q3 24 | $695.0M | $981.8M | ||
| Q2 24 | $1.5B | $1.1B | ||
| Q1 24 | $1.5B | $1.1B |
净利润KEYRBA
| Q4 25 | $510.0M | $109.7M | ||
| Q3 25 | $489.0M | $95.5M | ||
| Q2 25 | $425.0M | $109.8M | ||
| Q1 25 | $405.0M | $113.4M | ||
| Q4 24 | $-244.0M | $118.5M | ||
| Q3 24 | $-410.0M | $76.1M | ||
| Q2 24 | $274.0M | $111.1M | ||
| Q1 24 | $219.0M | $107.4M |
营业利润率KEYRBA
| Q4 25 | 32.3% | 14.7% | ||
| Q3 25 | 31.8% | 14.5% | ||
| Q2 25 | 29.3% | 15.9% | ||
| Q1 25 | 29.0% | 17.1% | ||
| Q4 24 | -92.6% | 18.1% | ||
| Q3 24 | -72.8% | 15.6% | ||
| Q2 24 | 22.0% | 18.4% | ||
| Q1 24 | 18.1% | 18.7% |
净利率KEYRBA
| Q4 25 | 25.4% | 9.1% | ||
| Q3 25 | 25.8% | 8.7% | ||
| Q2 25 | 23.1% | 9.3% | ||
| Q1 25 | 22.8% | 10.2% | ||
| Q4 24 | -54.7% | 10.4% | ||
| Q3 24 | -59.0% | 7.8% | ||
| Q2 24 | 18.0% | 10.1% | ||
| Q1 24 | 14.3% | 10.1% |
每股收益（稀释后）KEYRBA
| Q4 25 | $0.43 | $0.53 | ||
| Q3 25 | $0.41 | $0.43 | ||
| Q2 25 | $0.35 | $0.53 | ||
| Q1 25 | $0.33 | $0.55 | ||
| Q4 24 | $-0.30 | $0.58 | ||
| Q3 24 | $-0.47 | $0.36 | ||
| Q2 24 | $0.25 | $0.54 | ||
| Q1 24 | $0.20 | $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 | $10.2B | $531.5M |
| 总债务越低越好 | $9.9B | $2.3B |
| 股东权益账面价值 | $20.4B | $5.6B |
| 总资产 | $184.4B | $12.1B |
| 负债/权益比越低杠杆越低 | 0.49× | 0.42× |
8季度趋势，按日历期对齐
现金及短期投资KEYRBA
| Q4 25 | $10.2B | $531.5M | ||
| Q3 25 | $13.3B | $674.7M | ||
| Q2 25 | $11.6B | $710.2M | ||
| Q1 25 | $15.3B | $578.1M | ||
| Q4 24 | $17.5B | $533.9M | ||
| Q3 24 | $22.8B | $650.7M | ||
| Q2 24 | $15.5B | $599.5M | ||
| Q1 24 | $13.2B | $462.8M |
总债务KEYRBA
| Q4 25 | $9.9B | $2.3B | ||
| Q3 25 | $10.9B | $2.6B | ||
| Q2 25 | $12.1B | $2.6B | ||
| Q1 25 | $12.4B | $2.6B | ||
| Q4 24 | $12.1B | $2.6B | ||
| Q3 24 | $15.7B | $2.7B | ||
| Q2 24 | $16.9B | $2.8B | ||
| Q1 24 | $20.8B | $2.9B |
股东权益KEYRBA
| Q4 25 | $20.4B | $5.6B | ||
| Q3 25 | $20.1B | $5.5B | ||
| Q2 25 | $19.5B | $5.5B | ||
| Q1 25 | $19.0B | $5.3B | ||
| Q4 24 | $18.2B | $5.2B | ||
| Q3 24 | $16.9B | $5.2B | ||
| Q2 24 | $14.8B | $5.2B | ||
| Q1 24 | $14.5B | $5.1B |
总资产KEYRBA
| Q4 25 | $184.4B | $12.1B | ||
| Q3 25 | $187.4B | $12.2B | ||
| Q2 25 | $185.5B | $12.2B | ||
| Q1 25 | $188.7B | $11.9B | ||
| Q4 24 | $187.2B | $11.8B | ||
| Q3 24 | $189.8B | $11.9B | ||
| Q2 24 | $187.4B | $12.1B | ||
| Q1 24 | $187.5B | $12.0B |
负债/权益比KEYRBA
| Q4 25 | 0.49× | 0.42× | ||
| Q3 25 | 0.54× | 0.47× | ||
| Q2 25 | 0.62× | 0.47× | ||
| Q1 25 | 0.65× | 0.50× | ||
| Q4 24 | 0.67× | 0.50× | ||
| Q3 24 | 0.93× | 0.52× | ||
| Q2 24 | 1.14× | 0.55× | ||
| Q1 24 | 1.43× | 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 | $2.2B | $255.2M |
| 自由现金流经营现金流 - 资本支出 | $2.1B | $186.5M |
| 自由现金流率自由现金流/营收 | 104.8% | 15.5% |
| 资本支出强度资本支出/营收 | 5.3% | 5.7% |
| 现金转化率经营现金流/净利润 | 4.33× | 2.33× |
| 过去12个月自由现金流最近4个季度 | $3.5B | $719.2M |
8季度趋势，按日历期对齐
经营现金流KEYRBA
| Q4 25 | $2.2B | $255.2M | ||
| Q3 25 | $396.0M | $239.7M | ||
| Q2 25 | $1.2B | $326.5M | ||
| Q1 25 | $-140.0M | $156.8M | ||
| Q4 24 | $664.0M | $184.5M | ||
| Q3 24 | $-1.2B | $285.4M | ||
| Q2 24 | $-217.0M | $337.3M | ||
| Q1 24 | $359.0M | $124.8M |
自由现金流KEYRBA
| Q4 25 | $2.1B | $186.5M | ||
| Q3 25 | $367.0M | $188.5M | ||
| Q2 25 | $1.2B | $241.7M | ||
| Q1 25 | $-150.0M | $102.5M | ||
| Q4 24 | $599.0M | $127.9M | ||
| Q3 24 | $-1.2B | $248.5M | ||
| Q2 24 | $-230.0M | $308.6M | ||
| Q1 24 | $347.0M | $79.6M |
自由现金流率KEYRBA
| Q4 25 | 104.8% | 15.5% | ||
| Q3 25 | 19.4% | 17.3% | ||
| Q2 25 | 65.8% | 20.4% | ||
| Q1 25 | -8.5% | 9.2% | ||
| Q4 24 | 69.2% | 11.2% | ||
| Q3 24 | -175.8% | 25.3% | ||
| Q2 24 | -15.1% | 28.2% | ||
| Q1 24 | 22.6% | 7.5% |
资本支出强度KEYRBA
| Q4 25 | 5.3% | 5.7% | ||
| Q3 25 | 1.5% | 4.7% | ||
| Q2 25 | 1.3% | 7.2% | ||
| Q1 25 | 0.6% | 4.9% | ||
| Q4 24 | 7.5% | 5.0% | ||
| Q3 24 | 2.4% | 3.8% | ||
| Q2 24 | 0.9% | 2.6% | ||
| Q1 24 | 0.8% | 4.2% |
现金转化率KEYRBA
| Q4 25 | 4.33× | 2.33× | ||
| Q3 25 | 0.81× | 2.51× | ||
| Q2 25 | 2.90× | 2.97× | ||
| Q1 25 | -0.35× | 1.38× | ||
| Q4 24 | — | 1.56× | ||
| Q3 24 | — | 3.75× | ||
| Q2 24 | -0.79× | 3.04× | ||
| Q1 24 | 1.64× | 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
KEY
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% |
