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Loews Corporation（L）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Loews Corporation的1.5倍（$1.2B vs $827.0M），Loews Corporation净利率更高（48.6% vs 9.1%，领先39.5%），利氏兄弟拍卖行同比增速更快（5.4% vs 4.8%），Loews Corporation自由现金流更多（$426.0M vs $186.5M），过去两年Loews Corporation的营收复合增速更高（7.9% vs 6.3%）
Loews Corporation是一家总部位于美国的多元化综合企业集团，旗下子公司业务覆盖财产保险、天然气管道运输、酒店运营、油气勘探生产等核心领域，主要服务北美市场的商业、消费者及工业客户。
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。
L vs RBA — 直观对比
营收规模更大
RBA
是对方的1.5倍
$827.0M
营收增速更快
RBA
高出0.6%
4.8%
净利率更高
L
高出39.5%
9.1%
自由现金流更多
L
多$239.5M
$186.5M
两年增速更快
L
近两年复合增速
6.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $827.0M | $1.2B |
| 净利润 | $402.0M | $109.7M |
| 毛利率 | — | — |
| 营业利润率 | 65.4% | 14.7% |
| 净利率 | 48.6% | 9.1% |
| 营收同比 | 4.8% | 5.4% |
| 净利润同比 | 115.0% | -7.4% |
| 每股收益（稀释后） | $1.93 | $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LRBA
| Q4 25 | $827.0M | $1.2B | ||
| Q3 25 | $732.0M | $1.1B | ||
| Q2 25 | $769.0M | $1.2B | ||
| Q1 25 | $846.0M | $1.1B | ||
| Q4 24 | $789.0M | $1.1B | ||
| Q3 24 | $683.0M | $981.8M | ||
| Q2 24 | $711.0M | $1.1B | ||
| Q1 24 | $710.0M | $1.1B |
净利润LRBA
| Q4 25 | $402.0M | $109.7M | ||
| Q3 25 | $504.0M | $95.5M | ||
| Q2 25 | $391.0M | $109.8M | ||
| Q1 25 | $370.0M | $113.4M | ||
| Q4 24 | $187.0M | $118.5M | ||
| Q3 24 | $401.0M | $76.1M | ||
| Q2 24 | $369.0M | $111.1M | ||
| Q1 24 | $457.0M | $107.4M |
营业利润率LRBA
| Q4 25 | 65.4% | 14.7% | ||
| Q3 25 | 94.1% | 14.5% | ||
| Q2 25 | 70.1% | 15.9% | ||
| Q1 25 | 60.8% | 17.1% | ||
| Q4 24 | 23.8% | 18.1% | ||
| Q3 24 | 80.5% | 15.6% | ||
| Q2 24 | 71.3% | 18.4% | ||
| Q1 24 | 88.6% | 18.7% |
净利率LRBA
| Q4 25 | 48.6% | 9.1% | ||
| Q3 25 | 68.9% | 8.7% | ||
| Q2 25 | 50.8% | 9.3% | ||
| Q1 25 | 43.7% | 10.2% | ||
| Q4 24 | 23.7% | 10.4% | ||
| Q3 24 | 58.7% | 7.8% | ||
| Q2 24 | 51.9% | 10.1% | ||
| Q1 24 | 64.4% | 10.1% |
每股收益（稀释后）LRBA
| Q4 25 | $1.93 | $0.53 | ||
| Q3 25 | $2.43 | $0.43 | ||
| Q2 25 | $1.87 | $0.53 | ||
| Q1 25 | $1.74 | $0.55 | ||
| Q4 24 | $0.87 | $0.58 | ||
| Q3 24 | $1.82 | $0.36 | ||
| Q2 24 | $1.67 | $0.54 | ||
| Q1 24 | $2.05 | $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 | $6.0B | $531.5M |
| 总债务越低越好 | $8.4B | $2.3B |
| 股东权益账面价值 | $18.7B | $5.6B |
| 总资产 | $86.3B | $12.1B |
| 负债/权益比越低杠杆越低 | 0.45× | 0.42× |
8季度趋势，按日历期对齐
现金及短期投资LRBA
| Q4 25 | $6.0B | $531.5M | ||
| Q3 25 | $5.4B | $674.7M | ||
| Q2 25 | $4.5B | $710.2M | ||
| Q1 25 | $4.4B | $578.1M | ||
| Q4 24 | $4.6B | $533.9M | ||
| Q3 24 | $5.2B | $650.7M | ||
| Q2 24 | $4.9B | $599.5M | ||
| Q1 24 | $5.4B | $462.8M |
总债务LRBA
| Q4 25 | $8.4B | $2.3B | ||
| Q3 25 | $8.4B | $2.6B | ||
| Q2 25 | $7.9B | $2.6B | ||
| Q1 25 | $8.4B | $2.6B | ||
| Q4 24 | $8.9B | $2.6B | ||
| Q3 24 | $8.8B | $2.7B | ||
| Q2 24 | $8.6B | $2.8B | ||
| Q1 24 | $8.4B | $2.9B |
股东权益LRBA
| Q4 25 | $18.7B | $5.6B | ||
| Q3 25 | $18.3B | $5.5B | ||
| Q2 25 | $17.5B | $5.5B | ||
| Q1 25 | $17.2B | $5.3B | ||
| Q4 24 | $17.1B | $5.2B | ||
| Q3 24 | $17.4B | $5.2B | ||
| Q2 24 | $16.4B | $5.2B | ||
| Q1 24 | $16.2B | $5.1B |
总资产LRBA
| Q4 25 | $86.3B | $12.1B | ||
| Q3 25 | $85.9B | $12.2B | ||
| Q2 25 | $84.7B | $12.2B | ||
| Q1 25 | $83.1B | $11.9B | ||
| Q4 24 | $81.9B | $11.8B | ||
| Q3 24 | $83.6B | $11.9B | ||
| Q2 24 | $81.1B | $12.1B | ||
| Q1 24 | $80.9B | $12.0B |
负债/权益比LRBA
| Q4 25 | 0.45× | 0.42× | ||
| Q3 25 | 0.46× | 0.47× | ||
| Q2 25 | 0.45× | 0.47× | ||
| Q1 25 | 0.49× | 0.50× | ||
| Q4 24 | 0.52× | 0.50× | ||
| Q3 24 | 0.51× | 0.52× | ||
| Q2 24 | 0.52× | 0.55× | ||
| Q1 24 | 0.52× | 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 | $617.0M | $255.2M |
| 自由现金流经营现金流 - 资本支出 | $426.0M | $186.5M |
| 自由现金流率自由现金流/营收 | 51.5% | 15.5% |
| 资本支出强度资本支出/营收 | 23.1% | 5.7% |
| 现金转化率经营现金流/净利润 | 1.53× | 2.33× |
| 过去12个月自由现金流最近4个季度 | $2.7B | $719.2M |
8季度趋势，按日历期对齐
经营现金流LRBA
| Q4 25 | $617.0M | $255.2M | ||
| Q3 25 | $920.0M | $239.7M | ||
| Q2 25 | $1.0B | $326.5M | ||
| Q1 25 | $736.0M | $156.8M | ||
| Q4 24 | $941.0M | $184.5M | ||
| Q3 24 | $934.0M | $285.4M | ||
| Q2 24 | $952.0M | $337.3M | ||
| Q1 24 | $198.0M | $124.8M |
自由现金流LRBA
| Q4 25 | $426.0M | $186.5M | ||
| Q3 25 | $764.0M | $188.5M | ||
| Q2 25 | $872.0M | $241.7M | ||
| Q1 25 | $638.0M | $102.5M | ||
| Q4 24 | $767.0M | $127.9M | ||
| Q3 24 | $794.0M | $248.5M | ||
| Q2 24 | $793.0M | $308.6M | ||
| Q1 24 | $39.0M | $79.6M |
自由现金流率LRBA
| Q4 25 | 51.5% | 15.5% | ||
| Q3 25 | 104.4% | 17.3% | ||
| Q2 25 | 113.4% | 20.4% | ||
| Q1 25 | 75.4% | 9.2% | ||
| Q4 24 | 97.2% | 11.2% | ||
| Q3 24 | 116.3% | 25.3% | ||
| Q2 24 | 111.5% | 28.2% | ||
| Q1 24 | 5.5% | 7.5% |
资本支出强度LRBA
| Q4 25 | 23.1% | 5.7% | ||
| Q3 25 | 21.3% | 4.7% | ||
| Q2 25 | 17.4% | 7.2% | ||
| Q1 25 | 11.6% | 4.9% | ||
| Q4 24 | 22.1% | 5.0% | ||
| Q3 24 | 20.5% | 3.8% | ||
| Q2 24 | 22.4% | 2.6% | ||
| Q1 24 | 22.4% | 4.2% |
现金转化率LRBA
| Q4 25 | 1.53× | 2.33× | ||
| Q3 25 | 1.83× | 2.51× | ||
| Q2 25 | 2.57× | 2.97× | ||
| Q1 25 | 1.99× | 1.38× | ||
| Q4 24 | 5.03× | 1.56× | ||
| Q3 24 | 2.33× | 3.75× | ||
| Q2 24 | 2.58× | 3.04× | ||
| Q1 24 | 0.43× | 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
L
| Transportation And Storage Of Natural Gas And NG Ls And Ethane Supply And Transportation Services | $601.0M | 73% |
| Lodging And Related Services | $226.0M | 27% |
RBA
| Buyer Revenue | $577.2M | 48% |
| Seller Revenue | $255.2M | 21% |
| CA | $199.0M | 17% |
| Other | $124.7M | 10% |
| AU | $47.3M | 4% |
