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Liberty Global Ltd.（LBTYA）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
Liberty Global Ltd.的季度营收约是利氏兄弟拍卖行的1.0倍（$1.2B vs $1.2B），利氏兄弟拍卖行净利率更高（9.1% vs -237.0%，领先246.1%），Liberty Global Ltd.同比增速更快（187.2% vs 5.4%），Liberty Global Ltd.自由现金流更多（$193.3M vs $186.5M），过去两年利氏兄弟拍卖行的营收复合增速更高（6.3% vs -20.4%）
自由全球有限公司是一家英荷美合资的跨国电信企业，注册地位于百慕大，在伦敦、阿姆斯特丹和丹佛均设有总部。公司旗下拥有英国自由全球控股有限公司、荷兰自由全球有限公司及美国自由全球公司三大主体，其中英国主体为上市实体。企业由自由媒体国际业务部与UnitedGlobalCom于2005年合并成立，在全球电信服务领域拥有深厚的行业积累。
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。
LBTYA vs RBA — 直观对比
营收规模更大
LBTYA
是对方的1.0倍
$1.2B
营收增速更快
LBTYA
高出181.8%
5.4%
净利率更高
RBA
高出246.1%
-237.0%
自由现金流更多
LBTYA
多$6.8M
$186.5M
两年增速更快
RBA
近两年复合增速
-20.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $1.2B |
| 净利润 | $-2.9B | $109.7M |
| 毛利率 | 66.8% | — |
| 营业利润率 | -8.6% | 14.7% |
| 净利率 | -237.0% | 9.1% |
| 营收同比 | 187.2% | 5.4% |
| 净利润同比 | -230.0% | -7.4% |
| 每股收益（稀释后） | $-8.66 | $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LBTYARBA
| Q4 25 | $1.2B | $1.2B | ||
| Q3 25 | $1.2B | $1.1B | ||
| Q2 25 | $1.3B | $1.2B | ||
| Q1 25 | $1.2B | $1.1B | ||
| Q4 24 | $-1.4B | $1.1B | ||
| Q3 24 | $1.9B | $981.8M | ||
| Q2 24 | $1.9B | $1.1B | ||
| Q1 24 | $1.9B | $1.1B |
净利润LBTYARBA
| Q4 25 | $-2.9B | $109.7M | ||
| Q3 25 | $-90.7M | $95.5M | ||
| Q2 25 | $-2.8B | $109.8M | ||
| Q1 25 | $-1.3B | $113.4M | ||
| Q4 24 | $2.2B | $118.5M | ||
| Q3 24 | $-1.4B | $76.1M | ||
| Q2 24 | $268.1M | $111.1M | ||
| Q1 24 | $510.0M | $107.4M |
毛利率LBTYARBA
| Q4 25 | 66.8% | — | ||
| Q3 25 | 67.5% | — | ||
| Q2 25 | 63.3% | — | ||
| Q1 25 | 65.6% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 69.4% | — | ||
| Q2 24 | 68.5% | — | ||
| Q1 24 | 65.4% | — |
营业利润率LBTYARBA
| Q4 25 | -8.6% | 14.7% | ||
| Q3 25 | -0.7% | 14.5% | ||
| Q2 25 | 2.3% | 15.9% | ||
| Q1 25 | 5.2% | 17.1% | ||
| Q4 24 | — | 18.1% | ||
| Q3 24 | 5.2% | 15.6% | ||
| Q2 24 | 1.0% | 18.4% | ||
| Q1 24 | 1.2% | 18.7% |
净利率LBTYARBA
| Q4 25 | -237.0% | 9.1% | ||
| Q3 25 | -7.5% | 8.7% | ||
| Q2 25 | -220.1% | 9.3% | ||
| Q1 25 | -114.2% | 10.2% | ||
| Q4 24 | -158.9% | 10.4% | ||
| Q3 24 | -74.1% | 7.8% | ||
| Q2 24 | 14.3% | 10.1% | ||
| Q1 24 | 26.2% | 10.1% |
每股收益（稀释后）LBTYARBA
| Q4 25 | $-8.66 | $0.53 | ||
| Q3 25 | $-0.27 | $0.43 | ||
| Q2 25 | $-8.09 | $0.53 | ||
| Q1 25 | $-3.84 | $0.55 | ||
| Q4 24 | $6.15 | $0.58 | ||
| Q3 24 | $-3.95 | $0.36 | ||
| Q2 24 | $0.71 | $0.54 | ||
| Q1 24 | $1.32 | $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 | $2.2B | $531.5M |
| 总债务越低越好 | $7.8B | $2.3B |
| 股东权益账面价值 | $9.7B | $5.6B |
| 总资产 | $22.6B | $12.1B |
| 负债/权益比越低杠杆越低 | 0.80× | 0.42× |
8季度趋势，按日历期对齐
现金及短期投资LBTYARBA
| Q4 25 | $2.2B | $531.5M | ||
| Q3 25 | $1.7B | $674.7M | ||
| Q2 25 | $3.1B | $710.2M | ||
| Q1 25 | $2.0B | $578.1M | ||
| Q4 24 | $2.2B | $533.9M | ||
| Q3 24 | $3.3B | $650.7M | ||
| Q2 24 | $3.2B | $599.5M | ||
| Q1 24 | $2.8B | $462.8M |
总债务LBTYARBA
| Q4 25 | $7.8B | $2.3B | ||
| Q3 25 | $7.8B | $2.6B | ||
| Q2 25 | $7.8B | $2.6B | ||
| Q1 25 | $8.2B | $2.6B | ||
| Q4 24 | $8.2B | $2.6B | ||
| Q3 24 | $14.9B | $2.7B | ||
| Q2 24 | $14.7B | $2.8B | ||
| Q1 24 | $14.8B | $2.9B |
股东权益LBTYARBA
| Q4 25 | $9.7B | $5.6B | ||
| Q3 25 | $12.7B | $5.5B | ||
| Q2 25 | $13.0B | $5.5B | ||
| Q1 25 | $12.6B | $5.3B | ||
| Q4 24 | $12.4B | $5.2B | ||
| Q3 24 | $18.7B | $5.2B | ||
| Q2 24 | $18.3B | $5.2B | ||
| Q1 24 | $18.4B | $5.1B |
总资产LBTYARBA
| Q4 25 | $22.6B | $12.1B | ||
| Q3 25 | $25.4B | $12.2B | ||
| Q2 25 | $27.2B | $12.2B | ||
| Q1 25 | $26.0B | $11.9B | ||
| Q4 24 | $25.4B | $11.8B | ||
| Q3 24 | $41.8B | $11.9B | ||
| Q2 24 | $40.8B | $12.1B | ||
| Q1 24 | $40.6B | $12.0B |
负债/权益比LBTYARBA
| Q4 25 | 0.80× | 0.42× | ||
| Q3 25 | 0.61× | 0.47× | ||
| Q2 25 | 0.60× | 0.47× | ||
| Q1 25 | 0.65× | 0.50× | ||
| Q4 24 | 0.66× | 0.50× | ||
| Q3 24 | 0.80× | 0.52× | ||
| Q2 24 | 0.80× | 0.55× | ||
| Q1 24 | 0.80× | 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 | $630.9M | $255.2M |
| 自由现金流经营现金流 - 资本支出 | $193.3M | $186.5M |
| 自由现金流率自由现金流/营收 | 15.7% | 15.5% |
| 资本支出强度资本支出/营收 | 35.5% | 5.7% |
| 现金转化率经营现金流/净利润 | — | 2.33× |
| 过去12个月自由现金流最近4个季度 | $-132.0M | $719.2M |
8季度趋势，按日历期对齐
经营现金流LBTYARBA
| Q4 25 | $630.9M | $255.2M | ||
| Q3 25 | $301.8M | $239.7M | ||
| Q2 25 | $149.2M | $326.5M | ||
| Q1 25 | $129.2M | $156.8M | ||
| Q4 24 | $791.6M | $184.5M | ||
| Q3 24 | $449.5M | $285.4M | ||
| Q2 24 | $546.1M | $337.3M | ||
| Q1 24 | $245.7M | $124.8M |
自由现金流LBTYARBA
| Q4 25 | $193.3M | $186.5M | ||
| Q3 25 | $-41.1M | $188.5M | ||
| Q2 25 | $-170.1M | $241.7M | ||
| Q1 25 | $-114.1M | $102.5M | ||
| Q4 24 | $712.9M | $127.9M | ||
| Q3 24 | $102.4M | $248.5M | ||
| Q2 24 | $256.8M | $308.6M | ||
| Q1 24 | $-105.1M | $79.6M |
自由现金流率LBTYARBA
| Q4 25 | 15.7% | 15.5% | ||
| Q3 25 | -3.4% | 17.3% | ||
| Q2 25 | -13.4% | 20.4% | ||
| Q1 25 | -9.7% | 9.2% | ||
| Q4 24 | -50.5% | 11.2% | ||
| Q3 24 | 5.3% | 25.3% | ||
| Q2 24 | 13.7% | 28.2% | ||
| Q1 24 | -5.4% | 7.5% |
资本支出强度LBTYARBA
| Q4 25 | 35.5% | 5.7% | ||
| Q3 25 | 28.4% | 4.7% | ||
| Q2 25 | 25.2% | 7.2% | ||
| Q1 25 | 20.8% | 4.9% | ||
| Q4 24 | -5.6% | 5.0% | ||
| Q3 24 | 17.9% | 3.8% | ||
| Q2 24 | 15.4% | 2.6% | ||
| Q1 24 | 18.0% | 4.2% |
现金转化率LBTYARBA
| Q4 25 | — | 2.33× | ||
| Q3 25 | — | 2.51× | ||
| Q2 25 | — | 2.97× | ||
| Q1 25 | — | 1.38× | ||
| Q4 24 | 0.35× | 1.56× | ||
| Q3 24 | — | 3.75× | ||
| Q2 24 | 2.04× | 3.04× | ||
| Q1 24 | 0.48× | 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
LBTYA
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% |
