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Kontoor Brands, Inc.（KTB）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Kontoor Brands, Inc.的1.4倍（$1.2B vs $853.2M），利氏兄弟拍卖行净利率更高（9.1% vs 4.3%，领先4.8%），Kontoor Brands, Inc.同比增速更快（27.3% vs 5.4%），利氏兄弟拍卖行自由现金流更多（$186.5M vs $55.8M），过去两年Kontoor Brands, Inc.的营收复合增速更高（14.2% vs 6.3%）
Kontoor Brands是美国知名服装企业，2019年5月从威富集团分拆独立运营，旗下拥有Lee、Wrangler、Helly Hansen等国际知名服饰品牌，面向全球市场销售各类服饰产品，在休闲服饰及户外功能服饰领域拥有广泛的消费者基础。
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。
KTB vs RBA — 直观对比
营收规模更大
RBA
是对方的1.4倍
$853.2M
营收增速更快
KTB
高出21.9%
5.4%
净利率更高
RBA
高出4.8%
4.3%
自由现金流更多
RBA
多$130.7M
$55.8M
两年增速更快
KTB
近两年复合增速
6.3%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $853.2M | $1.2B |
| 净利润 | $36.9M | $109.7M |
| 毛利率 | 41.3% | — |
| 营业利润率 | 7.5% | 14.7% |
| 净利率 | 4.3% | 9.1% |
| 营收同比 | 27.3% | 5.4% |
| 净利润同比 | -47.6% | -7.4% |
| 每股收益（稀释后） | $0.66 | $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KTBRBA
| Q4 25 | — | $1.2B | ||
| Q3 25 | $853.2M | $1.1B | ||
| Q2 25 | $658.3M | $1.2B | ||
| Q1 25 | $622.9M | $1.1B | ||
| Q4 24 | $699.3M | $1.1B | ||
| Q3 24 | $670.2M | $981.8M | ||
| Q2 24 | $606.9M | $1.1B | ||
| Q1 24 | $631.2M | $1.1B |
净利润KTBRBA
| Q4 25 | — | $109.7M | ||
| Q3 25 | $36.9M | $95.5M | ||
| Q2 25 | $73.9M | $109.8M | ||
| Q1 25 | $42.9M | $113.4M | ||
| Q4 24 | $64.0M | $118.5M | ||
| Q3 24 | $70.5M | $76.1M | ||
| Q2 24 | $51.8M | $111.1M | ||
| Q1 24 | $59.5M | $107.4M |
毛利率KTBRBA
| Q4 25 | — | — | ||
| Q3 25 | 41.3% | — | ||
| Q2 25 | 46.3% | — | ||
| Q1 25 | 47.5% | — | ||
| Q4 24 | 43.7% | — | ||
| Q3 24 | 44.7% | — | ||
| Q2 24 | 44.7% | — | ||
| Q1 24 | 45.2% | — |
营业利润率KTBRBA
| Q4 25 | — | 14.7% | ||
| Q3 25 | 7.5% | 14.5% | ||
| Q2 25 | 11.9% | 15.9% | ||
| Q1 25 | 11.8% | 17.1% | ||
| Q4 24 | 12.1% | 18.1% | ||
| Q3 24 | 14.7% | 15.6% | ||
| Q2 24 | 12.4% | 18.4% | ||
| Q1 24 | 13.4% | 18.7% |
净利率KTBRBA
| Q4 25 | — | 9.1% | ||
| Q3 25 | 4.3% | 8.7% | ||
| Q2 25 | 11.2% | 9.3% | ||
| Q1 25 | 6.9% | 10.2% | ||
| Q4 24 | 9.1% | 10.4% | ||
| Q3 24 | 10.5% | 7.8% | ||
| Q2 24 | 8.5% | 10.1% | ||
| Q1 24 | 9.4% | 10.1% |
每股收益（稀释后）KTBRBA
| Q4 25 | — | $0.53 | ||
| Q3 25 | $0.66 | $0.43 | ||
| Q2 25 | $1.32 | $0.53 | ||
| Q1 25 | $0.76 | $0.55 | ||
| Q4 24 | $1.13 | $0.58 | ||
| Q3 24 | $1.26 | $0.36 | ||
| Q2 24 | $0.92 | $0.54 | ||
| Q1 24 | $1.05 | $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 | $82.4M | $531.5M |
| 总债务越低越好 | $1.3B | $2.3B |
| 股东权益账面价值 | $529.6M | $5.6B |
| 总资产 | $2.9B | $12.1B |
| 负债/权益比越低杠杆越低 | 2.53× | 0.42× |
8季度趋势，按日历期对齐
现金及短期投资KTBRBA
| Q4 25 | — | $531.5M | ||
| Q3 25 | $82.4M | $674.7M | ||
| Q2 25 | $107.5M | $710.2M | ||
| Q1 25 | $356.7M | $578.1M | ||
| Q4 24 | $334.1M | $533.9M | ||
| Q3 24 | $269.4M | $650.7M | ||
| Q2 24 | $224.3M | $599.5M | ||
| Q1 24 | $215.1M | $462.8M |
总债务KTBRBA
| Q4 25 | — | $2.3B | ||
| Q3 25 | $1.3B | $2.6B | ||
| Q2 25 | $1.4B | $2.6B | ||
| Q1 25 | $735.6M | $2.6B | ||
| Q4 24 | $740.3M | $2.6B | ||
| Q3 24 | $745.0M | $2.7B | ||
| Q2 24 | $749.7M | $2.8B | ||
| Q1 24 | $779.2M | $2.9B |
股东权益KTBRBA
| Q4 25 | — | $5.6B | ||
| Q3 25 | $529.6M | $5.5B | ||
| Q2 25 | $498.3M | $5.5B | ||
| Q1 25 | $426.7M | $5.3B | ||
| Q4 24 | $400.1M | $5.2B | ||
| Q3 24 | $356.9M | $5.2B | ||
| Q2 24 | $367.2M | $5.2B | ||
| Q1 24 | $387.2M | $5.1B |
总资产KTBRBA
| Q4 25 | — | $12.1B | ||
| Q3 25 | $2.9B | $12.2B | ||
| Q2 25 | $2.7B | $12.2B | ||
| Q1 25 | $1.7B | $11.9B | ||
| Q4 24 | $1.7B | $11.8B | ||
| Q3 24 | $1.7B | $11.9B | ||
| Q2 24 | $1.6B | $12.1B | ||
| Q1 24 | $1.7B | $12.0B |
负债/权益比KTBRBA
| Q4 25 | — | 0.42× | ||
| Q3 25 | 2.53× | 0.47× | ||
| Q2 25 | 2.74× | 0.47× | ||
| Q1 25 | 1.72× | 0.50× | ||
| Q4 24 | 1.85× | 0.50× | ||
| Q3 24 | 2.09× | 0.52× | ||
| Q2 24 | 2.04× | 0.55× | ||
| Q1 24 | 2.01× | 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 | $64.1M | $255.2M |
| 自由现金流经营现金流 - 资本支出 | $55.8M | $186.5M |
| 自由现金流率自由现金流/营收 | 6.5% | 15.5% |
| 资本支出强度资本支出/营收 | 1.0% | 5.7% |
| 现金转化率经营现金流/净利润 | 1.74× | 2.33× |
| 过去12个月自由现金流最近4个季度 | $228.0M | $719.2M |
8季度趋势，按日历期对齐
经营现金流KTBRBA
| Q4 25 | — | $255.2M | ||
| Q3 25 | $64.1M | $239.7M | ||
| Q2 25 | $25.7M | $326.5M | ||
| Q1 25 | $77.6M | $156.8M | ||
| Q4 24 | $82.0M | $184.5M | ||
| Q3 24 | $133.6M | $285.4M | ||
| Q2 24 | $96.2M | $337.3M | ||
| Q1 24 | $56.5M | $124.8M |
自由现金流KTBRBA
| Q4 25 | — | $186.5M | ||
| Q3 25 | $55.8M | $188.5M | ||
| Q2 25 | $22.4M | $241.7M | ||
| Q1 25 | $74.9M | $102.5M | ||
| Q4 24 | $75.0M | $127.9M | ||
| Q3 24 | $129.9M | $248.5M | ||
| Q2 24 | $92.6M | $308.6M | ||
| Q1 24 | $52.0M | $79.6M |
自由现金流率KTBRBA
| Q4 25 | — | 15.5% | ||
| Q3 25 | 6.5% | 17.3% | ||
| Q2 25 | 3.4% | 20.4% | ||
| Q1 25 | 12.0% | 9.2% | ||
| Q4 24 | 10.7% | 11.2% | ||
| Q3 24 | 19.4% | 25.3% | ||
| Q2 24 | 15.3% | 28.2% | ||
| Q1 24 | 8.2% | 7.5% |
资本支出强度KTBRBA
| Q4 25 | — | 5.7% | ||
| Q3 25 | 1.0% | 4.7% | ||
| Q2 25 | 0.5% | 7.2% | ||
| Q1 25 | 0.4% | 4.9% | ||
| Q4 24 | 1.0% | 5.0% | ||
| Q3 24 | 0.6% | 3.8% | ||
| Q2 24 | 0.6% | 2.6% | ||
| Q1 24 | 0.7% | 4.2% |
现金转化率KTBRBA
| Q4 25 | — | 2.33× | ||
| Q3 25 | 1.74× | 2.51× | ||
| Q2 25 | 0.35× | 2.97× | ||
| Q1 25 | 1.81× | 1.38× | ||
| Q4 24 | 1.28× | 1.56× | ||
| Q3 24 | 1.89× | 3.75× | ||
| Q2 24 | 1.86× | 3.04× | ||
| Q1 24 | 0.95× | 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
KTB
| International Member | $292.0M | 34% |
| CTC Triangle B.V | $192.7M | 23% |
| Lee Segment | $186.7M | 22% |
| Helly Hansen Segment | $185.9M | 22% |
RBA
| Buyer Revenue | $577.2M | 48% |
| Seller Revenue | $255.2M | 21% |
| CA | $199.0M | 17% |
| Other | $124.7M | 10% |
| AU | $47.3M | 4% |
