vs
蓝威斯顿（LW）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
蓝威斯顿的季度营收约是利氏兄弟拍卖行的1.3倍（$1.6B vs $1.2B），利氏兄弟拍卖行净利率更高（9.1% vs 3.5%，领先5.7%），利氏兄弟拍卖行同比增速更快（5.4% vs 2.9%），利氏兄弟拍卖行自由现金流更多（$186.5M vs $-36.3M），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%）
蓝威斯顿控股是美国食品加工企业，为全球规模最大的冷冻薯条、华夫薯条及其他冷冻马铃薯制品的生产商与加工商之一，总部坐落于爱达荷州博伊西市郊的伊格尔市。
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。
LW vs RBA — 直观对比
营收规模更大
LW
是对方的1.3倍
$1.2B
营收增速更快
RBA
高出2.5%
2.9%
净利率更高
RBA
高出5.7%
3.5%
自由现金流更多
RBA
多$222.8M
$-36.3M
两年增速更快
RBA
近两年复合增速
-1.5%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.6B | $1.2B |
| 净利润 | $54.0M | $109.7M |
| 毛利率 | 21.2% | — |
| 营业利润率 | 8.1% | 14.7% |
| 净利率 | 3.5% | 9.1% |
| 营收同比 | 2.9% | 5.4% |
| 净利润同比 | -63.0% | -7.4% |
| 每股收益（稀释后） | $0.39 | $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LWRBA
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.6B | $1.2B | ||
| Q3 25 | $1.7B | $1.1B | ||
| Q2 25 | $1.7B | $1.2B | ||
| Q1 25 | $1.5B | $1.1B | ||
| Q4 24 | $1.6B | $1.1B | ||
| Q3 24 | $1.7B | $981.8M | ||
| Q2 24 | $1.6B | $1.1B |
净利润LWRBA
| Q1 26 | $54.0M | — | ||
| Q4 25 | $62.1M | $109.7M | ||
| Q3 25 | $64.3M | $95.5M | ||
| Q2 25 | $119.9M | $109.8M | ||
| Q1 25 | $146.0M | $113.4M | ||
| Q4 24 | $-36.1M | $118.5M | ||
| Q3 24 | $127.4M | $76.1M | ||
| Q2 24 | $129.6M | $111.1M |
毛利率LWRBA
| Q1 26 | 21.2% | — | ||
| Q4 25 | 20.0% | — | ||
| Q3 25 | 20.6% | — | ||
| Q2 25 | 20.4% | — | ||
| Q1 25 | 27.8% | — | ||
| Q4 24 | 17.4% | — | ||
| Q3 24 | 21.5% | — | ||
| Q2 24 | 24.1% | — |
营业利润率LWRBA
| Q1 26 | 8.1% | — | ||
| Q4 25 | 8.6% | 14.7% | ||
| Q3 25 | 9.4% | 14.5% | ||
| Q2 25 | 11.1% | 15.9% | ||
| Q1 25 | 16.4% | 17.1% | ||
| Q4 24 | 1.2% | 18.1% | ||
| Q3 24 | 12.8% | 15.6% | ||
| Q2 24 | 13.2% | 18.4% |
净利率LWRBA
| Q1 26 | 3.5% | — | ||
| Q4 25 | 3.8% | 9.1% | ||
| Q3 25 | 3.9% | 8.7% | ||
| Q2 25 | 7.2% | 9.3% | ||
| Q1 25 | 9.6% | 10.2% | ||
| Q4 24 | -2.3% | 10.4% | ||
| Q3 24 | 7.7% | 7.8% | ||
| Q2 24 | 8.0% | 10.1% |
每股收益（稀释后）LWRBA
| Q1 26 | $0.39 | — | ||
| Q4 25 | $0.44 | $0.53 | ||
| Q3 25 | $0.46 | $0.43 | ||
| Q2 25 | $0.84 | $0.53 | ||
| Q1 25 | $1.03 | $0.55 | ||
| Q4 24 | $-0.25 | $0.58 | ||
| Q3 24 | $0.88 | $0.36 | ||
| Q2 24 | $0.89 | $0.54 |
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 | $57.5M | $531.5M |
| 总债务越低越好 | $3.6B | $2.3B |
| 股东权益账面价值 | $1.8B | $5.6B |
| 总资产 | $7.4B | $12.1B |
| 负债/权益比越低杠杆越低 | 1.99× | 0.42× |
8季度趋势，按日历期对齐
现金及短期投资LWRBA
| Q1 26 | $57.5M | — | ||
| Q4 25 | $82.7M | $531.5M | ||
| Q3 25 | $98.6M | $674.7M | ||
| Q2 25 | $70.7M | $710.2M | ||
| Q1 25 | $67.5M | $578.1M | ||
| Q4 24 | $79.0M | $533.9M | ||
| Q3 24 | $120.8M | $650.7M | ||
| Q2 24 | $71.4M | $599.5M |
总债务LWRBA
| Q1 26 | $3.6B | — | ||
| Q4 25 | $3.6B | $2.3B | ||
| Q3 25 | $3.7B | $2.6B | ||
| Q2 25 | $3.7B | $2.6B | ||
| Q1 25 | $3.7B | $2.6B | ||
| Q4 24 | $3.7B | $2.6B | ||
| Q3 24 | $3.4B | $2.7B | ||
| Q2 24 | $3.4B | $2.8B |
股东权益LWRBA
| Q1 26 | $1.8B | — | ||
| Q4 25 | $1.8B | $5.6B | ||
| Q3 25 | $1.8B | $5.5B | ||
| Q2 25 | $1.7B | $5.5B | ||
| Q1 25 | $1.6B | $5.3B | ||
| Q4 24 | $1.6B | $5.2B | ||
| Q3 24 | $1.8B | $5.2B | ||
| Q2 24 | $1.8B | $5.2B |
总资产LWRBA
| Q1 26 | $7.4B | — | ||
| Q4 25 | $7.3B | $12.1B | ||
| Q3 25 | $7.2B | $12.2B | ||
| Q2 25 | $7.4B | $12.2B | ||
| Q1 25 | $7.4B | $11.9B | ||
| Q4 24 | $7.5B | $11.8B | ||
| Q3 24 | $7.5B | $11.9B | ||
| Q2 24 | $7.4B | $12.1B |
负债/权益比LWRBA
| Q1 26 | 1.99× | — | ||
| Q4 25 | 2.08× | 0.42× | ||
| Q3 25 | 2.05× | 0.47× | ||
| Q2 25 | 2.12× | 0.47× | ||
| Q1 25 | 2.25× | 0.50× | ||
| Q4 24 | 2.26× | 0.50× | ||
| Q3 24 | 1.87× | 0.52× | ||
| Q2 24 | 1.92× | 0.55× |
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 | $65.2M | $255.2M |
| 自由现金流经营现金流 - 资本支出 | $-36.3M | $186.5M |
| 自由现金流率自由现金流/营收 | -2.3% | 15.5% |
| 资本支出强度资本支出/营收 | 6.5% | 5.7% |
| 现金转化率经营现金流/净利润 | 1.21× | 2.33× |
| 过去12个月自由现金流最近4个季度 | $569.2M | $719.2M |
8季度趋势，按日历期对齐
经营现金流LWRBA
| Q1 26 | $65.2M | — | ||
| Q4 25 | $178.4M | $255.2M | ||
| Q3 25 | $352.0M | $239.7M | ||
| Q2 25 | $868.3M | $326.5M | ||
| Q1 25 | $56.0M | $156.8M | ||
| Q4 24 | $99.1M | $184.5M | ||
| Q3 24 | $330.2M | $285.4M | ||
| Q2 24 | $798.2M | $337.3M |
自由现金流LWRBA
| Q1 26 | $-36.3M | — | ||
| Q4 25 | $101.0M | $186.5M | ||
| Q3 25 | $274.4M | $188.5M | ||
| Q2 25 | $230.1M | $241.7M | ||
| Q1 25 | $-19.8M | $102.5M | ||
| Q4 24 | $-49.6M | $127.9M | ||
| Q3 24 | $4.3M | $248.5M | ||
| Q2 24 | $-131.3M | $308.6M |
自由现金流率LWRBA
| Q1 26 | -2.3% | — | ||
| Q4 25 | 6.2% | 15.5% | ||
| Q3 25 | 16.5% | 17.3% | ||
| Q2 25 | 13.7% | 20.4% | ||
| Q1 25 | -1.3% | 9.2% | ||
| Q4 24 | -3.1% | 11.2% | ||
| Q3 24 | 0.3% | 25.3% | ||
| Q2 24 | -8.1% | 28.2% |
资本支出强度LWRBA
| Q1 26 | 6.5% | — | ||
| Q4 25 | 4.8% | 5.7% | ||
| Q3 25 | 4.7% | 4.7% | ||
| Q2 25 | 38.1% | 7.2% | ||
| Q1 25 | 5.0% | 4.9% | ||
| Q4 24 | 9.3% | 5.0% | ||
| Q3 24 | 19.7% | 3.8% | ||
| Q2 24 | 57.7% | 2.6% |
现金转化率LWRBA
| Q1 26 | 1.21× | — | ||
| Q4 25 | 2.87× | 2.33× | ||
| Q3 25 | 5.47× | 2.51× | ||
| Q2 25 | 7.24× | 2.97× | ||
| Q1 25 | 0.38× | 1.38× | ||
| Q4 24 | — | 1.56× | ||
| Q3 24 | 2.59× | 3.75× | ||
| Q2 24 | 6.16× | 3.04× |
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
LW
| Segments North America | $1.0B | 66% |
| Segments International | $529.8M | 34% |
RBA
| Buyer Revenue | $577.2M | 48% |
| Seller Revenue | $255.2M | 21% |
| CA | $199.0M | 17% |
| Other | $124.7M | 10% |
| AU | $47.3M | 4% |
