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MERCURY GENERAL CORP（MCY）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
MERCURY GENERAL CORP的季度营收约是利氏兄弟拍卖行的1.3倍（$1.5B vs $1.2B），MERCURY GENERAL CORP净利率更高（13.2% vs 9.1%，领先4.1%），MERCURY GENERAL CORP同比增速更快（12.4% vs 5.4%），MERCURY GENERAL CORP自由现金流更多（$273.9M vs $186.5M），过去两年MERCURY GENERAL CORP的营收复合增速更高（9.8% vs 6.3%）
水星通用集团是一家综合性保险机构，业务覆盖个人车险、房主保险、租客保险及商业保险等多个品类，其中车险与房主保险是公司的核心经营板块。
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。
MCY vs RBA — 直观对比
营收规模更大
MCY
是对方的1.3倍
$1.2B
营收增速更快
MCY
高出7.0%
5.4%
净利率更高
MCY
高出4.1%
9.1%
自由现金流更多
MCY
多$87.4M
$186.5M
两年增速更快
MCY
近两年复合增速
6.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.5B | $1.2B |
| 净利润 | $202.5M | $109.7M |
| 毛利率 | 99.7% | — |
| 营业利润率 | 16.2% | 14.7% |
| 净利率 | 13.2% | 9.1% |
| 营收同比 | 12.4% | 5.4% |
| 净利润同比 | 100.4% | -7.4% |
| 每股收益（稀释后） | $3.66 | $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MCYRBA
| Q4 25 | $1.5B | $1.2B | ||
| Q3 25 | $1.6B | $1.1B | ||
| Q2 25 | $1.5B | $1.2B | ||
| Q1 25 | $1.4B | $1.1B | ||
| Q4 24 | $1.4B | $1.1B | ||
| Q3 24 | $1.5B | $981.8M | ||
| Q2 24 | $1.3B | $1.1B | ||
| Q1 24 | $1.3B | $1.1B |
净利润MCYRBA
| Q4 25 | $202.5M | $109.7M | ||
| Q3 25 | $280.4M | $95.5M | ||
| Q2 25 | $166.5M | $109.8M | ||
| Q1 25 | $-108.3M | $113.4M | ||
| Q4 24 | $101.1M | $118.5M | ||
| Q3 24 | $230.9M | $76.1M | ||
| Q2 24 | $62.6M | $111.1M | ||
| Q1 24 | $73.5M | $107.4M |
毛利率MCYRBA
| Q4 25 | 99.7% | — | ||
| Q3 25 | 99.8% | — | ||
| Q2 25 | 99.8% | — | ||
| Q1 25 | 99.7% | — | ||
| Q4 24 | 99.7% | — | ||
| Q3 24 | 99.8% | — | ||
| Q2 24 | 99.8% | — | ||
| Q1 24 | 99.7% | — |
营业利润率MCYRBA
| Q4 25 | 16.2% | 14.7% | ||
| Q3 25 | 22.1% | 14.5% | ||
| Q2 25 | 14.0% | 15.9% | ||
| Q1 25 | -10.2% | 17.1% | ||
| Q4 24 | 9.0% | 18.1% | ||
| Q3 24 | 18.8% | 15.6% | ||
| Q2 24 | 5.8% | 18.4% | ||
| Q1 24 | 7.0% | 18.7% |
净利率MCYRBA
| Q4 25 | 13.2% | 9.1% | ||
| Q3 25 | 17.7% | 8.7% | ||
| Q2 25 | 11.3% | 9.3% | ||
| Q1 25 | -7.8% | 10.2% | ||
| Q4 24 | 7.4% | 10.4% | ||
| Q3 24 | 15.1% | 7.8% | ||
| Q2 24 | 4.8% | 10.1% | ||
| Q1 24 | 5.8% | 10.1% |
每股收益（稀释后）MCYRBA
| Q4 25 | $3.66 | $0.53 | ||
| Q3 25 | $5.06 | $0.43 | ||
| Q2 25 | $3.01 | $0.53 | ||
| Q1 25 | $-1.96 | $0.55 | ||
| Q4 24 | $1.82 | $0.58 | ||
| Q3 24 | $4.17 | $0.36 | ||
| Q2 24 | $1.13 | $0.54 | ||
| Q1 24 | $1.33 | $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 | $575.0M | $2.3B |
| 股东权益账面价值 | $2.4B | $5.6B |
| 总资产 | $9.6B | $12.1B |
| 负债/权益比越低杠杆越低 | 0.24× | 0.42× |
8季度趋势，按日历期对齐
现金及短期投资MCYRBA
| Q4 25 | — | $531.5M | ||
| Q3 25 | — | $674.7M | ||
| Q2 25 | — | $710.2M | ||
| Q1 25 | — | $578.1M | ||
| Q4 24 | — | $533.9M | ||
| Q3 24 | — | $650.7M | ||
| Q2 24 | — | $599.5M | ||
| Q1 24 | — | $462.8M |
总债务MCYRBA
| Q4 25 | $575.0M | $2.3B | ||
| Q3 25 | — | $2.6B | ||
| Q2 25 | — | $2.6B | ||
| Q1 25 | — | $2.6B | ||
| Q4 24 | $575.0M | $2.6B | ||
| Q3 24 | — | $2.7B | ||
| Q2 24 | — | $2.8B | ||
| Q1 24 | — | $2.9B |
股东权益MCYRBA
| Q4 25 | $2.4B | $5.6B | ||
| Q3 25 | $2.2B | $5.5B | ||
| Q2 25 | $2.0B | $5.5B | ||
| Q1 25 | $1.8B | $5.3B | ||
| Q4 24 | $1.9B | $5.2B | ||
| Q3 24 | $1.9B | $5.2B | ||
| Q2 24 | $1.6B | $5.2B | ||
| Q1 24 | $1.6B | $5.1B |
总资产MCYRBA
| Q4 25 | $9.6B | $12.1B | ||
| Q3 25 | $9.4B | $12.2B | ||
| Q2 25 | $9.1B | $12.2B | ||
| Q1 25 | $9.0B | $11.9B | ||
| Q4 24 | $8.3B | $11.8B | ||
| Q3 24 | $8.2B | $11.9B | ||
| Q2 24 | $7.7B | $12.1B | ||
| Q1 24 | $7.4B | $12.0B |
负债/权益比MCYRBA
| Q4 25 | 0.24× | 0.42× | ||
| Q3 25 | — | 0.47× | ||
| Q2 25 | — | 0.47× | ||
| Q1 25 | — | 0.50× | ||
| Q4 24 | 0.30× | 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 | $287.9M | $255.2M |
| 自由现金流经营现金流 - 资本支出 | $273.9M | $186.5M |
| 自由现金流率自由现金流/营收 | 17.8% | 15.5% |
| 资本支出强度资本支出/营收 | 0.9% | 5.7% |
| 现金转化率经营现金流/净利润 | 1.42× | 2.33× |
| 过去12个月自由现金流最近4个季度 | $1.0B | $719.2M |
8季度趋势，按日历期对齐
经营现金流MCYRBA
| Q4 25 | $287.9M | $255.2M | ||
| Q3 25 | $496.4M | $239.7M | ||
| Q2 25 | $371.6M | $326.5M | ||
| Q1 25 | $-68.7M | $156.8M | ||
| Q4 24 | $248.3M | $184.5M | ||
| Q3 24 | $318.1M | $285.4M | ||
| Q2 24 | $278.0M | $337.3M | ||
| Q1 24 | $192.6M | $124.8M |
自由现金流MCYRBA
| Q4 25 | $273.9M | $186.5M | ||
| Q3 25 | $479.5M | $188.5M | ||
| Q2 25 | $357.2M | $241.7M | ||
| Q1 25 | $-81.9M | $102.5M | ||
| Q4 24 | $236.0M | $127.9M | ||
| Q3 24 | $306.2M | $248.5M | ||
| Q2 24 | $266.5M | $308.6M | ||
| Q1 24 | $182.4M | $79.6M |
自由现金流率MCYRBA
| Q4 25 | 17.8% | 15.5% | ||
| Q3 25 | 30.3% | 17.3% | ||
| Q2 25 | 24.2% | 20.4% | ||
| Q1 25 | -5.9% | 9.2% | ||
| Q4 24 | 17.3% | 11.2% | ||
| Q3 24 | 20.0% | 25.3% | ||
| Q2 24 | 20.4% | 28.2% | ||
| Q1 24 | 14.3% | 7.5% |
资本支出强度MCYRBA
| Q4 25 | 0.9% | 5.7% | ||
| Q3 25 | 1.1% | 4.7% | ||
| Q2 25 | 1.0% | 7.2% | ||
| Q1 25 | 0.9% | 4.9% | ||
| Q4 24 | 0.9% | 5.0% | ||
| Q3 24 | 0.8% | 3.8% | ||
| Q2 24 | 0.9% | 2.6% | ||
| Q1 24 | 0.8% | 4.2% |
现金转化率MCYRBA
| Q4 25 | 1.42× | 2.33× | ||
| Q3 25 | 1.77× | 2.51× | ||
| Q2 25 | 2.23× | 2.97× | ||
| Q1 25 | — | 1.38× | ||
| Q4 24 | 2.46× | 1.56× | ||
| Q3 24 | 1.38× | 3.75× | ||
| Q2 24 | 4.44× | 3.04× | ||
| Q1 24 | 2.62× | 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
MCY
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% |
