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Liberty Latin America Ltd.（LILA）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Liberty Latin America Ltd.的1.0倍（$1.2B vs $1.2B），利氏兄弟拍卖行净利率更高（9.1% vs -4.7%，领先13.8%），利氏兄弟拍卖行同比增速更快（5.4% vs 1.7%），Liberty Latin America Ltd.自由现金流更多（$320.1M 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 2.7%）
自由拉丁美洲有限公司是一家跨国电信运营商，由自由媒体国际业务板块与UnitedGlobalCom（UGC）于2005年合并而成，注册地位于百慕大，在伦敦、阿姆斯特丹和丹佛设有总部，旗下包含英国、荷兰等多地运营主体，相关业务覆盖电信服务领域。
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。
LILA vs RBA — 直观对比
营收规模更大
RBA
是对方的1.0倍
$1.2B
营收增速更快
RBA
高出3.7%
1.7%
净利率更高
RBA
高出13.8%
-4.7%
自由现金流更多
LILA
多$133.6M
$186.5M
两年增速更快
RBA
近两年复合增速
2.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $1.2B |
| 净利润 | $-54.8M | $109.7M |
| 毛利率 | 77.3% | — |
| 营业利润率 | 10.8% | 14.7% |
| 净利率 | -4.7% | 9.1% |
| 营收同比 | 1.7% | 5.4% |
| 净利润同比 | 74.0% | -7.4% |
| 每股收益（稀释后） | $-0.27 | $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LILARBA
| Q4 25 | $1.2B | $1.2B | ||
| Q3 25 | $1.1B | $1.1B | ||
| Q2 25 | $1.1B | $1.2B | ||
| Q1 25 | $1.1B | $1.1B | ||
| Q4 24 | $1.1B | $1.1B | ||
| Q3 24 | $1.1B | $981.8M | ||
| Q2 24 | $1.1B | $1.1B | ||
| Q1 24 | $1.1B | $1.1B |
净利润LILARBA
| Q4 25 | $-54.8M | $109.7M | ||
| Q3 25 | $3.3M | $95.5M | ||
| Q2 25 | $-423.3M | $109.8M | ||
| Q1 25 | $-136.4M | $113.4M | ||
| Q4 24 | $-210.4M | $118.5M | ||
| Q3 24 | $-435.8M | $76.1M | ||
| Q2 24 | $-42.7M | $111.1M | ||
| Q1 24 | $-500.0K | $107.4M |
毛利率LILARBA
| Q4 25 | 77.3% | — | ||
| Q3 25 | 77.7% | — | ||
| Q2 25 | 78.6% | — | ||
| Q1 25 | 78.5% | — | ||
| Q4 24 | 76.1% | — | ||
| Q3 24 | 78.7% | — | ||
| Q2 24 | 78.1% | — | ||
| Q1 24 | 78.2% | — |
营业利润率LILARBA
| Q4 25 | 10.8% | 14.7% | ||
| Q3 25 | 16.9% | 14.5% | ||
| Q2 25 | -30.6% | 15.9% | ||
| Q1 25 | 11.8% | 17.1% | ||
| Q4 24 | 8.7% | 18.1% | ||
| Q3 24 | -34.9% | 15.6% | ||
| Q2 24 | 9.9% | 18.4% | ||
| Q1 24 | 8.4% | 18.7% |
净利率LILARBA
| Q4 25 | -4.7% | 9.1% | ||
| Q3 25 | 0.3% | 8.7% | ||
| Q2 25 | -39.0% | 9.3% | ||
| Q1 25 | -12.6% | 10.2% | ||
| Q4 24 | -18.5% | 10.4% | ||
| Q3 24 | -40.0% | 7.8% | ||
| Q2 24 | -3.8% | 10.1% | ||
| Q1 24 | -0.0% | 10.1% |
每股收益（稀释后）LILARBA
| Q4 25 | $-0.27 | $0.53 | ||
| Q3 25 | $0.02 | $0.43 | ||
| Q2 25 | $-2.12 | $0.53 | ||
| Q1 25 | $-0.69 | $0.55 | ||
| Q4 24 | $-1.03 | $0.58 | ||
| Q3 24 | $-2.22 | $0.36 | ||
| Q2 24 | $-0.22 | $0.54 | ||
| Q1 24 | $0.00 | $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 | $783.9M | $531.5M |
| 总债务越低越好 | $7.9B | $2.3B |
| 股东权益账面价值 | $555.6M | $5.6B |
| 总资产 | $12.2B | $12.1B |
| 负债/权益比越低杠杆越低 | 14.17× | 0.42× |
8季度趋势，按日历期对齐
现金及短期投资LILARBA
| Q4 25 | $783.9M | $531.5M | ||
| Q3 25 | $596.7M | $674.7M | ||
| Q2 25 | $514.4M | $710.2M | ||
| Q1 25 | $575.5M | $578.1M | ||
| Q4 24 | $654.3M | $533.9M | ||
| Q3 24 | $588.6M | $650.7M | ||
| Q2 24 | $598.6M | $599.5M | ||
| Q1 24 | $668.5M | $462.8M |
总债务LILARBA
| Q4 25 | $7.9B | $2.3B | ||
| Q3 25 | $7.8B | $2.6B | ||
| Q2 25 | $7.6B | $2.6B | ||
| Q1 25 | $7.6B | $2.6B | ||
| Q4 24 | $7.6B | $2.6B | ||
| Q3 24 | $7.6B | $2.7B | ||
| Q2 24 | $7.6B | $2.8B | ||
| Q1 24 | $7.6B | $2.9B |
股东权益LILARBA
| Q4 25 | $555.6M | $5.6B | ||
| Q3 25 | $628.9M | $5.5B | ||
| Q2 25 | $608.4M | $5.5B | ||
| Q1 25 | $1.0B | $5.3B | ||
| Q4 24 | $1.1B | $5.2B | ||
| Q3 24 | $1.2B | $5.2B | ||
| Q2 24 | $1.7B | $5.2B | ||
| Q1 24 | $1.7B | $5.1B |
总资产LILARBA
| Q4 25 | $12.2B | $12.1B | ||
| Q3 25 | $12.0B | $12.2B | ||
| Q2 25 | $12.0B | $12.2B | ||
| Q1 25 | $12.6B | $11.9B | ||
| Q4 24 | $12.8B | $11.8B | ||
| Q3 24 | $12.7B | $11.9B | ||
| Q2 24 | $13.2B | $12.1B | ||
| Q1 24 | $13.3B | $12.0B |
负债/权益比LILARBA
| Q4 25 | 14.17× | 0.42× | ||
| Q3 25 | 12.45× | 0.47× | ||
| Q2 25 | 12.50× | 0.47× | ||
| Q1 25 | 7.47× | 0.50× | ||
| Q4 24 | 6.99× | 0.50× | ||
| Q3 24 | 6.20× | 0.52× | ||
| Q2 24 | 4.59× | 0.55× | ||
| Q1 24 | 4.38× | 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 | $461.9M | $255.2M |
| 自由现金流经营现金流 - 资本支出 | $320.1M | $186.5M |
| 自由现金流率自由现金流/营收 | 27.6% | 15.5% |
| 资本支出强度资本支出/营收 | 12.2% | 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 | $305.9M | $719.2M |
8季度趋势，按日历期对齐
经营现金流LILARBA
| Q4 25 | $461.9M | $255.2M | ||
| Q3 25 | $178.2M | $239.7M | ||
| Q2 25 | $141.2M | $326.5M | ||
| Q1 25 | $24.6M | $156.8M | ||
| Q4 24 | $398.6M | $184.5M | ||
| Q3 24 | $177.5M | $285.4M | ||
| Q2 24 | $156.9M | $337.3M | ||
| Q1 24 | $23.3M | $124.8M |
自由现金流LILARBA
| Q4 25 | $320.1M | $186.5M | ||
| Q3 25 | $56.0M | $188.5M | ||
| Q2 25 | $1.9M | $241.7M | ||
| Q1 25 | $-72.1M | $102.5M | ||
| Q4 24 | $234.9M | $127.9M | ||
| Q3 24 | $51.0M | $248.5M | ||
| Q2 24 | $16.4M | $308.6M | ||
| Q1 24 | $-86.4M | $79.6M |
自由现金流率LILARBA
| Q4 25 | 27.6% | 15.5% | ||
| Q3 25 | 5.0% | 17.3% | ||
| Q2 25 | 0.2% | 20.4% | ||
| Q1 25 | -6.7% | 9.2% | ||
| Q4 24 | 20.6% | 11.2% | ||
| Q3 24 | 4.7% | 25.3% | ||
| Q2 24 | 1.5% | 28.2% | ||
| Q1 24 | -7.9% | 7.5% |
资本支出强度LILARBA
| Q4 25 | 12.2% | 5.7% | ||
| Q3 25 | 11.0% | 4.7% | ||
| Q2 25 | 12.8% | 7.2% | ||
| Q1 25 | 8.9% | 4.9% | ||
| Q4 24 | 14.4% | 5.0% | ||
| Q3 24 | 11.6% | 3.8% | ||
| Q2 24 | 12.6% | 2.6% | ||
| Q1 24 | 10.0% | 4.2% |
现金转化率LILARBA
| Q4 25 | — | 2.33× | ||
| Q3 25 | 54.00× | 2.51× | ||
| Q2 25 | — | 2.97× | ||
| Q1 25 | — | 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
LILA
| Liberty Cablevisionof Puerto Rico LLC Liberty Puerto Rico | $301.3M | 26% |
| Cable Wireless Communications Limited CW Panama | $230.1M | 20% |
| Costa Rica Segment | $168.2M | 15% |
| Liberty Networks | $129.3M | 11% |
| Cable Subscription | $112.4M | 10% |
| Mobile Subscription | $95.9M | 8% |
| Mobile Handset And Other Devices | $73.0M | 6% |
| Liberty Networks Other | $25.0M | 2% |
| Mobile Non Subscription | $21.6M | 2% |
| B2B Mobile Handsetand Other Devices | $7.0M | 1% |
| Cable Non Subscription | $4.3M | 0% |
RBA
| Buyer Revenue | $577.2M | 48% |
| Seller Revenue | $255.2M | 21% |
| CA | $199.0M | 17% |
| Other | $124.7M | 10% |
| AU | $47.3M | 4% |
