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KinderCare Learning Companies, Inc.（KLC）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KinderCare Learning Companies, Inc.的1.8倍（$1.2B vs $676.8M），利氏兄弟拍卖行净利率更高（9.1% vs 0.7%，领先8.4%），利氏兄弟拍卖行同比增速更快（5.4% vs 0.8%），利氏兄弟拍卖行自由现金流更多（$186.5M vs $62.6M）
金德凯尔学习公司是1969年成立的美国营利性早教与托育机构运营商，总部位于俄勒冈州波特兰市，服务覆盖全美39个州及华盛顿哥伦比亚特区，目前在全美拥有超1250家教学点，在读儿童约20万人，面向出生6周至12岁的儿童提供教育项目，是俄勒冈州第三大私营企业。
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。
KLC vs RBA — 直观对比
营收规模更大
RBA
是对方的1.8倍
$676.8M
营收增速更快
RBA
高出4.6%
0.8%
净利率更高
RBA
高出8.4%
0.7%
自由现金流更多
RBA
多$123.9M
$62.6M
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $676.8M | $1.2B |
| 净利润 | $4.5M | $109.7M |
| 毛利率 | — | — |
| 营业利润率 | 3.9% | 14.7% |
| 净利率 | 0.7% | 9.1% |
| 营收同比 | 0.8% | 5.4% |
| 净利润同比 | -67.4% | -7.4% |
| 每股收益（稀释后） | $0.04 | $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KLCRBA
| Q4 25 | — | $1.2B | ||
| Q3 25 | $676.8M | $1.1B | ||
| Q2 25 | $700.1M | $1.2B | ||
| Q1 25 | $668.2M | $1.1B | ||
| Q4 24 | $647.0M | $1.1B | ||
| Q3 24 | $671.5M | $981.8M | ||
| Q2 24 | — | $1.1B | ||
| Q1 24 | — | $1.1B |
净利润KLCRBA
| Q4 25 | — | $109.7M | ||
| Q3 25 | $4.5M | $95.5M | ||
| Q2 25 | $38.6M | $109.8M | ||
| Q1 25 | $21.2M | $113.4M | ||
| Q4 24 | $-133.6M | $118.5M | ||
| Q3 24 | $14.0M | $76.1M | ||
| Q2 24 | — | $111.1M | ||
| Q1 24 | — | $107.4M |
营业利润率KLCRBA
| Q4 25 | — | 14.7% | ||
| Q3 25 | 3.9% | 14.5% | ||
| Q2 25 | 9.8% | 15.9% | ||
| Q1 25 | 7.3% | 17.1% | ||
| Q4 24 | -13.8% | 18.1% | ||
| Q3 24 | 8.1% | 15.6% | ||
| Q2 24 | — | 18.4% | ||
| Q1 24 | — | 18.7% |
净利率KLCRBA
| Q4 25 | — | 9.1% | ||
| Q3 25 | 0.7% | 8.7% | ||
| Q2 25 | 5.5% | 9.3% | ||
| Q1 25 | 3.2% | 10.2% | ||
| Q4 24 | -20.6% | 10.4% | ||
| Q3 24 | 2.1% | 7.8% | ||
| Q2 24 | — | 10.1% | ||
| Q1 24 | — | 10.1% |
每股收益（稀释后）KLCRBA
| Q4 25 | — | $0.53 | ||
| Q3 25 | $0.04 | $0.43 | ||
| Q2 25 | $0.33 | $0.53 | ||
| Q1 25 | $0.18 | $0.55 | ||
| Q4 24 | $-1.17 | $0.58 | ||
| Q3 24 | $0.15 | $0.36 | ||
| Q2 24 | — | $0.54 | ||
| Q1 24 | — | $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 | $174.7M | $531.5M |
| 总债务越低越好 | $930.9M | $2.3B |
| 股东权益账面价值 | $931.2M | $5.6B |
| 总资产 | $3.9B | $12.1B |
| 负债/权益比越低杠杆越低 | 1.00× | 0.42× |
8季度趋势，按日历期对齐
现金及短期投资KLCRBA
| Q4 25 | — | $531.5M | ||
| Q3 25 | $174.7M | $674.7M | ||
| Q2 25 | $119.0M | $710.2M | ||
| Q1 25 | $131.3M | $578.1M | ||
| Q4 24 | $62.3M | $533.9M | ||
| Q3 24 | $137.2M | $650.7M | ||
| Q2 24 | — | $599.5M | ||
| Q1 24 | — | $462.8M |
总债务KLCRBA
| Q4 25 | — | $2.3B | ||
| Q3 25 | $930.9M | $2.6B | ||
| Q2 25 | $926.5M | $2.6B | ||
| Q1 25 | $927.4M | $2.6B | ||
| Q4 24 | $926.0M | $2.6B | ||
| Q3 24 | $1.5B | $2.7B | ||
| Q2 24 | — | $2.8B | ||
| Q1 24 | — | $2.9B |
股东权益KLCRBA
| Q4 25 | — | $5.6B | ||
| Q3 25 | $931.2M | $5.5B | ||
| Q2 25 | $924.3M | $5.5B | ||
| Q1 25 | $884.9M | $5.3B | ||
| Q4 24 | $864.5M | $5.2B | ||
| Q3 24 | $235.6M | $5.2B | ||
| Q2 24 | — | $5.2B | ||
| Q1 24 | — | $5.1B |
总资产KLCRBA
| Q4 25 | — | $12.1B | ||
| Q3 25 | $3.9B | $12.2B | ||
| Q2 25 | $3.8B | $12.2B | ||
| Q1 25 | $3.7B | $11.9B | ||
| Q4 24 | $3.6B | $11.8B | ||
| Q3 24 | $3.7B | $11.9B | ||
| Q2 24 | — | $12.1B | ||
| Q1 24 | — | $12.0B |
负债/权益比KLCRBA
| Q4 25 | — | 0.42× | ||
| Q3 25 | 1.00× | 0.47× | ||
| Q2 25 | 1.00× | 0.47× | ||
| Q1 25 | 1.05× | 0.50× | ||
| Q4 24 | 1.07× | 0.50× | ||
| Q3 24 | 6.42× | 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 | $100.8M | $255.2M |
| 自由现金流经营现金流 - 资本支出 | $62.6M | $186.5M |
| 自由现金流率自由现金流/营收 | 9.2% | 15.5% |
| 资本支出强度资本支出/营收 | 5.6% | 5.7% |
| 现金转化率经营现金流/净利润 | 22.15× | 2.33× |
| 过去12个月自由现金流最近4个季度 | — | $719.2M |
8季度趋势，按日历期对齐
经营现金流KLCRBA
| Q4 25 | — | $255.2M | ||
| Q3 25 | $100.8M | $239.7M | ||
| Q2 25 | $35.0M | $326.5M | ||
| Q1 25 | $98.4M | $156.8M | ||
| Q4 24 | — | $184.5M | ||
| Q3 24 | — | $285.4M | ||
| Q2 24 | — | $337.3M | ||
| Q1 24 | — | $124.8M |
自由现金流KLCRBA
| Q4 25 | — | $186.5M | ||
| Q3 25 | $62.6M | $188.5M | ||
| Q2 25 | $671.0K | $241.7M | ||
| Q1 25 | $75.1M | $102.5M | ||
| Q4 24 | — | $127.9M | ||
| Q3 24 | — | $248.5M | ||
| Q2 24 | — | $308.6M | ||
| Q1 24 | — | $79.6M |
自由现金流率KLCRBA
| Q4 25 | — | 15.5% | ||
| Q3 25 | 9.2% | 17.3% | ||
| Q2 25 | 0.1% | 20.4% | ||
| Q1 25 | 11.2% | 9.2% | ||
| Q4 24 | — | 11.2% | ||
| Q3 24 | — | 25.3% | ||
| Q2 24 | — | 28.2% | ||
| Q1 24 | — | 7.5% |
资本支出强度KLCRBA
| Q4 25 | — | 5.7% | ||
| Q3 25 | 5.6% | 4.7% | ||
| Q2 25 | 4.9% | 7.2% | ||
| Q1 25 | 3.5% | 4.9% | ||
| Q4 24 | — | 5.0% | ||
| Q3 24 | — | 3.8% | ||
| Q2 24 | — | 2.6% | ||
| Q1 24 | — | 4.2% |
现金转化率KLCRBA
| Q4 25 | — | 2.33× | ||
| Q3 25 | 22.15× | 2.51× | ||
| Q2 25 | 0.91× | 2.97× | ||
| Q1 25 | 4.65× | 1.38× | ||
| Q4 24 | — | 1.56× | ||
| Q3 24 | — | 3.75× | ||
| Q2 24 | — | 3.04× | ||
| Q1 24 | — | 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
KLC
| Early Childhood Education Centers | $627.0M | 93% |
| Before And After School Sites | $49.8M | 7% |
RBA
| Buyer Revenue | $577.2M | 48% |
| Seller Revenue | $255.2M | 21% |
| CA | $199.0M | 17% |
| Other | $124.7M | 10% |
| AU | $47.3M | 4% |
