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Alliant Energy（LNT）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Alliant Energy的1.1倍（$1.2B vs $1.1B），Alliant Energy净利率更高（13.4% vs 9.1%，领先4.2%），Alliant Energy同比增速更快（9.0% vs 5.4%），过去两年利氏兄弟拍卖行的营收复合增速更高（6.3% vs 1.5%）
Alliant Energy是美国公用事业控股企业，主营受监管的电力与天然气服务，下设公用电力运营、公用燃气运营及其他公用事业三大业务板块。公司通过子公司Interstate Power and Light Company（IPL）为艾奥瓦州零售客户提供发电配电、天然气配送及运输服务，同时向明尼苏达州、伊利诺伊州等地的批发客户售电。
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。
LNT vs RBA — 直观对比
营收规模更大
RBA
是对方的1.1倍
$1.1B
营收增速更快
LNT
高出3.6%
5.4%
净利率更高
LNT
高出4.2%
9.1%
两年增速更快
RBA
近两年复合增速
1.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $1.2B |
| 净利润 | $142.0M | $109.7M |
| 毛利率 | 85.9% | — |
| 营业利润率 | 18.4% | 14.7% |
| 净利率 | 13.4% | 9.1% |
| 营收同比 | 9.0% | 5.4% |
| 净利润同比 | -5.3% | -7.4% |
| 每股收益（稀释后） | $0.54 | $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LNTRBA
| Q4 25 | $1.1B | $1.2B | ||
| Q3 25 | $1.2B | $1.1B | ||
| Q2 25 | $961.0M | $1.2B | ||
| Q1 25 | $1.1B | $1.1B | ||
| Q4 24 | $975.0M | $1.1B | ||
| Q3 24 | $1.1B | $981.8M | ||
| Q2 24 | $894.0M | $1.1B | ||
| Q1 24 | $1.0B | $1.1B |
净利润LNTRBA
| Q4 25 | $142.0M | $109.7M | ||
| Q3 25 | $281.0M | $95.5M | ||
| Q2 25 | $174.0M | $109.8M | ||
| Q1 25 | $213.0M | $113.4M | ||
| Q4 24 | $150.0M | $118.5M | ||
| Q3 24 | $295.0M | $76.1M | ||
| Q2 24 | $87.0M | $111.1M | ||
| Q1 24 | $158.0M | $107.4M |
毛利率LNTRBA
| Q4 25 | 85.9% | — | ||
| Q3 25 | 86.3% | — | ||
| Q2 25 | 84.3% | — | ||
| Q1 25 | 86.0% | — | ||
| Q4 24 | 84.7% | — | ||
| Q3 24 | 84.7% | — | ||
| Q2 24 | 83.6% | — | ||
| Q1 24 | 85.3% | — |
营业利润率LNTRBA
| Q4 25 | 18.4% | 14.7% | ||
| Q3 25 | 28.8% | 14.5% | ||
| Q2 25 | 23.2% | 15.9% | ||
| Q1 25 | 22.8% | 17.1% | ||
| Q4 24 | 22.7% | 18.1% | ||
| Q3 24 | 29.0% | 15.6% | ||
| Q2 24 | 14.5% | 18.4% | ||
| Q1 24 | 21.5% | 18.7% |
净利率LNTRBA
| Q4 25 | 13.4% | 9.1% | ||
| Q3 25 | 23.2% | 8.7% | ||
| Q2 25 | 18.1% | 9.3% | ||
| Q1 25 | 18.9% | 10.2% | ||
| Q4 24 | 15.4% | 10.4% | ||
| Q3 24 | 27.3% | 7.8% | ||
| Q2 24 | 9.7% | 10.1% | ||
| Q1 24 | 15.3% | 10.1% |
每股收益（稀释后）LNTRBA
| Q4 25 | $0.54 | $0.53 | ||
| Q3 25 | $1.09 | $0.43 | ||
| Q2 25 | $0.68 | $0.53 | ||
| Q1 25 | $0.83 | $0.55 | ||
| Q4 24 | $0.58 | $0.58 | ||
| Q3 24 | $1.15 | $0.36 | ||
| Q2 24 | $0.34 | $0.54 | ||
| Q1 24 | $0.62 | $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 | $556.0M | $531.5M |
| 总债务越低越好 | — | $2.3B |
| 股东权益账面价值 | $7.3B | $5.6B |
| 总资产 | $25.0B | $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LNTRBA
| Q4 25 | $556.0M | $531.5M | ||
| Q3 25 | $753.0M | $674.7M | ||
| Q2 25 | $329.0M | $710.2M | ||
| Q1 25 | $25.0M | $578.1M | ||
| Q4 24 | $81.0M | $533.9M | ||
| Q3 24 | $827.0M | $650.7M | ||
| Q2 24 | $92.0M | $599.5M | ||
| Q1 24 | $32.0M | $462.8M |
总债务LNTRBA
| 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LNTRBA
| Q4 25 | $7.3B | $5.6B | ||
| Q3 25 | $7.3B | $5.5B | ||
| Q2 25 | $7.1B | $5.5B | ||
| Q1 25 | $7.1B | $5.3B | ||
| Q4 24 | $7.0B | $5.2B | ||
| Q3 24 | $7.0B | $5.2B | ||
| Q2 24 | $6.8B | $5.2B | ||
| Q1 24 | $6.8B | $5.1B |
总资产LNTRBA
| Q4 25 | $25.0B | $12.1B | ||
| Q3 25 | $24.6B | $12.2B | ||
| Q2 25 | $23.8B | $12.2B | ||
| Q1 25 | $22.9B | $11.9B | ||
| Q4 24 | $22.7B | $11.8B | ||
| Q3 24 | $22.8B | $11.9B | ||
| Q2 24 | $21.8B | $12.1B | ||
| Q1 24 | $21.2B | $12.0B |
负债/权益比LNTRBA
| 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 | $269.0M | $255.2M |
| 自由现金流经营现金流 - 资本支出 | — | $186.5M |
| 自由现金流率自由现金流/营收 | — | 15.5% |
| 资本支出强度资本支出/营收 | — | 5.7% |
| 现金转化率经营现金流/净利润 | 1.89× | 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LNTRBA
| Q4 25 | $269.0M | $255.2M | ||
| Q3 25 | $408.0M | $239.7M | ||
| Q2 25 | $243.0M | $326.5M | ||
| Q1 25 | $249.0M | $156.8M | ||
| Q4 24 | $254.0M | $184.5M | ||
| Q3 24 | $351.0M | $285.4M | ||
| Q2 24 | $255.0M | $337.3M | ||
| Q1 24 | $307.0M | $124.8M |
自由现金流LNTRBA
| Q4 25 | — | $186.5M | ||
| Q3 25 | $-103.0M | $188.5M | ||
| Q2 25 | $-179.0M | $241.7M | ||
| Q1 25 | $-305.0M | $102.5M | ||
| Q4 24 | — | $127.9M | ||
| Q3 24 | $-59.0M | $248.5M | ||
| Q2 24 | $-137.0M | $308.6M | ||
| Q1 24 | $-171.0M | $79.6M |
自由现金流率LNTRBA
| Q4 25 | — | 15.5% | ||
| Q3 25 | -8.5% | 17.3% | ||
| Q2 25 | -18.6% | 20.4% | ||
| Q1 25 | -27.0% | 9.2% | ||
| Q4 24 | — | 11.2% | ||
| Q3 24 | -5.5% | 25.3% | ||
| Q2 24 | -15.3% | 28.2% | ||
| Q1 24 | -16.6% | 7.5% |
资本支出强度LNTRBA
| Q4 25 | — | 5.7% | ||
| Q3 25 | 42.2% | 4.7% | ||
| Q2 25 | 43.9% | 7.2% | ||
| Q1 25 | 49.1% | 4.9% | ||
| Q4 24 | — | 5.0% | ||
| Q3 24 | 37.9% | 3.8% | ||
| Q2 24 | 43.8% | 2.6% | ||
| Q1 24 | 46.4% | 4.2% |
现金转化率LNTRBA
| Q4 25 | 1.89× | 2.33× | ||
| Q3 25 | 1.45× | 2.51× | ||
| Q2 25 | 1.40× | 2.97× | ||
| Q1 25 | 1.17× | 1.38× | ||
| Q4 24 | 1.69× | 1.56× | ||
| Q3 24 | 1.19× | 3.75× | ||
| Q2 24 | 2.93× | 3.04× | ||
| Q1 24 | 1.94× | 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
LNT
| Retail Residential | $313.0M | 29% |
| Retail Industrial | $251.0M | 24% |
| Retail Commercial | $226.0M | 21% |
| Gas | $158.0M | 15% |
| Other Customer | $43.0M | 4% |
| Wholesale | $36.0M | 3% |
| Other Utility | $15.0M | 1% |
| Steam | $9.0M | 1% |
RBA
| Buyer Revenue | $577.2M | 48% |
| Seller Revenue | $255.2M | 21% |
| CA | $199.0M | 17% |
| Other | $124.7M | 10% |
| AU | $47.3M | 4% |
