vs
诺唯真游轮控股（LINE）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
诺唯真游轮控股的季度营收约是利氏兄弟拍卖行的1.1倍（$1.4B vs $1.2B），利氏兄弟拍卖行净利率更高（9.1% vs -7.3%，领先16.4%），利氏兄弟拍卖行同比增速更快（5.4% vs 3.1%），利氏兄弟拍卖行自由现金流更多（$186.5M vs $35.0M）
诺唯真游轮控股是一家总部位于美国、注册地为百慕大的企业，旗下全资运营诺唯真游轮、大洋游轮、丽晶七海游轮三大品牌，合并业务规模位列全球游轮运营商第三位，目前在纽约证券交易所挂牌上市。
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。
LINE vs RBA — 直观对比
营收规模更大
LINE
是对方的1.1倍
$1.2B
营收增速更快
RBA
高出2.3%
3.1%
净利率更高
RBA
高出16.4%
-7.3%
自由现金流更多
RBA
多$151.5M
$35.0M
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $1.2B |
| 净利润 | $-100.0M | $109.7M |
| 毛利率 | 32.3% | — |
| 营业利润率 | 2.5% | 14.7% |
| 净利率 | -7.3% | 9.1% |
| 营收同比 | 3.1% | 5.4% |
| 净利润同比 | 79.4% | -7.4% |
| 每股收益（稀释后） | $-0.44 | $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LINERBA
| Q4 25 | — | $1.2B | ||
| Q3 25 | $1.4B | $1.1B | ||
| Q2 25 | $1.4B | $1.2B | ||
| Q1 25 | $1.3B | $1.1B | ||
| Q4 24 | $1.3B | $1.1B | ||
| Q3 24 | $1.3B | $981.8M | ||
| Q2 24 | $1.3B | $1.1B | ||
| Q1 24 | $1.3B | $1.1B |
净利润LINERBA
| Q4 25 | — | $109.7M | ||
| Q3 25 | $-100.0M | $95.5M | ||
| Q2 25 | $-6.0M | $109.8M | ||
| Q1 25 | $0 | $113.4M | ||
| Q4 24 | $-71.0M | $118.5M | ||
| Q3 24 | $-485.0M | $76.1M | ||
| Q2 24 | $-68.0M | $111.1M | ||
| Q1 24 | $-40.0M | $107.4M |
毛利率LINERBA
| Q4 25 | — | — | ||
| Q3 25 | 32.3% | — | ||
| Q2 25 | 31.9% | — | ||
| Q1 25 | 32.2% | — | ||
| Q4 24 | 32.3% | — | ||
| Q3 24 | 32.8% | — | ||
| Q2 24 | 33.4% | — | ||
| Q1 24 | 33.4% | — |
营业利润率LINERBA
| Q4 25 | — | 14.7% | ||
| Q3 25 | 2.5% | 14.5% | ||
| Q2 25 | 1.7% | 15.9% | ||
| Q1 25 | 4.3% | 17.1% | ||
| Q4 24 | -1.6% | 18.1% | ||
| Q3 24 | -38.6% | 15.6% | ||
| Q2 24 | 5.5% | 18.4% | ||
| Q1 24 | 7.6% | 18.7% |
净利率LINERBA
| Q4 25 | — | 9.1% | ||
| Q3 25 | -7.3% | 8.7% | ||
| Q2 25 | -0.4% | 9.3% | ||
| Q1 25 | — | 10.2% | ||
| Q4 24 | -5.3% | 10.4% | ||
| Q3 24 | -36.3% | 7.8% | ||
| Q2 24 | -5.1% | 10.1% | ||
| Q1 24 | -3.0% | 10.1% |
每股收益（稀释后）LINERBA
| Q4 25 | — | $0.53 | ||
| Q3 25 | $-0.44 | $0.43 | ||
| Q2 25 | $-0.03 | $0.53 | ||
| Q1 25 | $0.01 | $0.55 | ||
| Q4 24 | $-0.52 | $0.58 | ||
| Q3 24 | $-2.44 | $0.36 | ||
| Q2 24 | $-0.46 | $0.54 | ||
| Q1 24 | $-0.28 | $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 | — | $531.5M |
| 总债务越低越好 | — | $2.3B |
| 股东权益账面价值 | $8.4B | $5.6B |
| 总资产 | $19.2B | $12.1B |
| 负债/权益比越低杠杆越低 | — | 0.42× |
8季度趋势，按日历期对齐
现金及短期投资LINERBA
| Q4 25 | — | $531.5M | ||
| Q3 25 | — | $674.7M | ||
| Q2 25 | — | $710.2M | ||
| Q1 25 | — | $578.1M | ||
| Q4 24 | $173.0M | $533.9M | ||
| Q3 24 | $409.0M | $650.7M | ||
| Q2 24 | $73.0M | $599.5M | ||
| Q1 24 | — | $462.8M |
总债务LINERBA
| Q4 25 | — | $2.3B | ||
| Q3 25 | — | $2.6B | ||
| Q2 25 | — | $2.6B | ||
| Q1 25 | — | $2.6B | ||
| Q4 24 | — | $2.6B | ||
| Q3 24 | — | $2.7B | ||
| Q2 24 | — | $2.8B | ||
| Q1 24 | — | $2.9B |
股东权益LINERBA
| Q4 25 | — | $5.6B | ||
| Q3 25 | $8.4B | $5.5B | ||
| Q2 25 | $8.6B | $5.5B | ||
| Q1 25 | $8.6B | $5.3B | ||
| Q4 24 | $8.6B | $5.2B | ||
| Q3 24 | $9.0B | $5.2B | ||
| Q2 24 | $4.9B | $5.2B | ||
| Q1 24 | $5.6B | $5.1B |
总资产LINERBA
| Q4 25 | — | $12.1B | ||
| Q3 25 | $19.2B | $12.2B | ||
| Q2 25 | $19.4B | $12.2B | ||
| Q1 25 | $18.8B | $11.9B | ||
| Q4 24 | $18.7B | $11.8B | ||
| Q3 24 | $19.3B | $11.9B | ||
| Q2 24 | $18.8B | $12.1B | ||
| Q1 24 | — | $12.0B |
负债/权益比LINERBA
| Q4 25 | — | 0.42× | ||
| Q3 25 | — | 0.47× | ||
| Q2 25 | — | 0.47× | ||
| Q1 25 | — | 0.50× | ||
| Q4 24 | — | 0.50× | ||
| Q3 24 | — | 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 | $230.0M | $255.2M |
| 自由现金流经营现金流 - 资本支出 | $35.0M | $186.5M |
| 自由现金流率自由现金流/营收 | 2.5% | 15.5% |
| 资本支出强度资本支出/营收 | 14.2% | 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 | — | $719.2M |
8季度趋势，按日历期对齐
经营现金流LINERBA
| Q4 25 | — | $255.2M | ||
| Q3 25 | $230.0M | $239.7M | ||
| Q2 25 | $258.0M | $326.5M | ||
| Q1 25 | $139.0M | $156.8M | ||
| Q4 24 | — | $184.5M | ||
| Q3 24 | $186.0M | $285.4M | ||
| Q2 24 | $155.0M | $337.3M | ||
| Q1 24 | $105.0M | $124.8M |
自由现金流LINERBA
| Q4 25 | — | $186.5M | ||
| Q3 25 | $35.0M | $188.5M | ||
| Q2 25 | $95.0M | $241.7M | ||
| Q1 25 | $-12.0M | $102.5M | ||
| Q4 24 | — | $127.9M | ||
| Q3 24 | $33.0M | $248.5M | ||
| Q2 24 | $-31.0M | $308.6M | ||
| Q1 24 | $-42.0M | $79.6M |
自由现金流率LINERBA
| Q4 25 | — | 15.5% | ||
| Q3 25 | 2.5% | 17.3% | ||
| Q2 25 | 7.0% | 20.4% | ||
| Q1 25 | -0.9% | 9.2% | ||
| Q4 24 | — | 11.2% | ||
| Q3 24 | 2.5% | 25.3% | ||
| Q2 24 | -2.3% | 28.2% | ||
| Q1 24 | -3.2% | 7.5% |
资本支出强度LINERBA
| Q4 25 | — | 5.7% | ||
| Q3 25 | 14.2% | 4.7% | ||
| Q2 25 | 12.1% | 7.2% | ||
| Q1 25 | 11.7% | 4.9% | ||
| Q4 24 | — | 5.0% | ||
| Q3 24 | 11.5% | 3.8% | ||
| Q2 24 | 13.9% | 2.6% | ||
| Q1 24 | 11.1% | 4.2% |
现金转化率LINERBA
| Q4 25 | — | 2.33× | ||
| Q3 25 | — | 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
LINE
| Warehousing Operations | $883.0M | 64% |
| Other | $308.0M | 22% |
| Warehouse Lease | $60.0M | 4% |
| Food Sales | $52.0M | 4% |
| E Commerce And Other | $46.0M | 3% |
| Railcar Lease | $23.0M | 2% |
| Service Other | $5.0M | 0% |
RBA
| Buyer Revenue | $577.2M | 48% |
| Seller Revenue | $255.2M | 21% |
| CA | $199.0M | 17% |
| Other | $124.7M | 10% |
| AU | $47.3M | 4% |
