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MSC INDUSTRIAL DIRECT CO INC（MSM）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MSC INDUSTRIAL DIRECT CO INC的1.2倍（$1.2B vs $965.7M），利氏兄弟拍卖行净利率更高（9.1% vs 5.4%，领先3.8%），利氏兄弟拍卖行同比增速更快（5.4% vs 4.0%），利氏兄弟拍卖行自由现金流更多（$186.5M vs $7.4M），过去两年利氏兄弟拍卖行的营收复合增速更高（6.3% vs -3.4%）
MSC工业直销公司（MSC）通过旗下主要子公司MSC工业供应公司，是美国规模最大的工业设备分销商之一，可提供超过150万种金属加工及其他工业类产品，广泛服务于工业制造、维修运维等领域的客户需求。
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。
MSM vs RBA — 直观对比
营收规模更大
RBA
是对方的1.2倍
$965.7M
营收增速更快
RBA
高出1.4%
4.0%
净利率更高
RBA
高出3.8%
5.4%
自由现金流更多
RBA
多$179.1M
$7.4M
两年增速更快
RBA
近两年复合增速
-3.4%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $965.7M | $1.2B |
| 净利润 | $51.8M | $109.7M |
| 毛利率 | 40.7% | — |
| 营业利润率 | 7.9% | 14.7% |
| 净利率 | 5.4% | 9.1% |
| 营收同比 | 4.0% | 5.4% |
| 净利润同比 | 11.1% | -7.4% |
| 每股收益（稀释后） | $0.93 | $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MSMRBA
| Q4 25 | $965.7M | $1.2B | ||
| Q3 25 | $978.2M | $1.1B | ||
| Q2 25 | $971.1M | $1.2B | ||
| Q1 25 | — | $1.1B | ||
| Q4 24 | $928.5M | $1.1B | ||
| Q3 24 | — | $981.8M | ||
| Q2 24 | $979.4M | $1.1B | ||
| Q1 24 | $935.3M | $1.1B |
净利润MSMRBA
| Q4 25 | $51.8M | $109.7M | ||
| Q3 25 | $56.5M | $95.5M | ||
| Q2 25 | $56.8M | $109.8M | ||
| Q1 25 | — | $113.4M | ||
| Q4 24 | $46.6M | $118.5M | ||
| Q3 24 | — | $76.1M | ||
| Q2 24 | $71.7M | $111.1M | ||
| Q1 24 | $61.8M | $107.4M |
毛利率MSMRBA
| Q4 25 | 40.7% | — | ||
| Q3 25 | 40.4% | — | ||
| Q2 25 | 41.0% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 40.7% | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 40.9% | — | ||
| Q1 24 | 41.5% | — |
营业利润率MSMRBA
| Q4 25 | 7.9% | 14.7% | ||
| Q3 25 | 8.6% | 14.5% | ||
| Q2 25 | 8.5% | 15.9% | ||
| Q1 25 | — | 17.1% | ||
| Q4 24 | 7.8% | 18.1% | ||
| Q3 24 | — | 15.6% | ||
| Q2 24 | 10.9% | 18.4% | ||
| Q1 24 | 9.7% | 18.7% |
净利率MSMRBA
| Q4 25 | 5.4% | 9.1% | ||
| Q3 25 | 5.8% | 8.7% | ||
| Q2 25 | 5.9% | 9.3% | ||
| Q1 25 | — | 10.2% | ||
| Q4 24 | 5.0% | 10.4% | ||
| Q3 24 | — | 7.8% | ||
| Q2 24 | 7.3% | 10.1% | ||
| Q1 24 | 6.6% | 10.1% |
每股收益（稀释后）MSMRBA
| Q4 25 | $0.93 | $0.53 | ||
| Q3 25 | $1.02 | $0.43 | ||
| Q2 25 | $1.02 | $0.53 | ||
| Q1 25 | — | $0.55 | ||
| Q4 24 | $0.83 | $0.58 | ||
| Q3 24 | — | $0.36 | ||
| Q2 24 | $1.27 | $0.54 | ||
| Q1 24 | $1.10 | $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 | $40.3M | $531.5M |
| 总债务越低越好 | $214.1M | $2.3B |
| 股东权益账面价值 | $1.4B | $5.6B |
| 总资产 | $2.5B | $12.1B |
| 负债/权益比越低杠杆越低 | 0.16× | 0.42× |
8季度趋势，按日历期对齐
现金及短期投资MSMRBA
| Q4 25 | $40.3M | $531.5M | ||
| Q3 25 | $56.2M | $674.7M | ||
| Q2 25 | $71.7M | $710.2M | ||
| Q1 25 | — | $578.1M | ||
| Q4 24 | $57.3M | $533.9M | ||
| Q3 24 | — | $650.7M | ||
| Q2 24 | $25.9M | $599.5M | ||
| Q1 24 | $22.2M | $462.8M |
总债务MSMRBA
| Q4 25 | $214.1M | $2.3B | ||
| Q3 25 | $168.8M | $2.6B | ||
| Q2 25 | $285.0M | $2.6B | ||
| Q1 25 | — | $2.6B | ||
| Q4 24 | $289.9M | $2.6B | ||
| Q3 24 | — | $2.7B | ||
| Q2 24 | $299.8M | $2.8B | ||
| Q1 24 | $294.5M | $2.9B |
股东权益MSMRBA
| Q4 25 | $1.4B | $5.6B | ||
| Q3 25 | $1.4B | $5.5B | ||
| Q2 25 | $1.4B | $5.5B | ||
| Q1 25 | — | $5.3B | ||
| Q4 24 | $1.4B | $5.2B | ||
| Q3 24 | — | $5.2B | ||
| Q2 24 | $1.4B | $5.2B | ||
| Q1 24 | $1.4B | $5.1B |
总资产MSMRBA
| Q4 25 | $2.5B | $12.1B | ||
| Q3 25 | $2.5B | $12.2B | ||
| Q2 25 | $2.5B | $12.2B | ||
| Q1 25 | — | $11.9B | ||
| Q4 24 | $2.5B | $11.8B | ||
| Q3 24 | — | $11.9B | ||
| Q2 24 | $2.5B | $12.1B | ||
| Q1 24 | $2.5B | $12.0B |
负债/权益比MSMRBA
| Q4 25 | 0.16× | 0.42× | ||
| Q3 25 | 0.12× | 0.47× | ||
| Q2 25 | 0.21× | 0.47× | ||
| Q1 25 | — | 0.50× | ||
| Q4 24 | 0.21× | 0.50× | ||
| Q3 24 | — | 0.52× | ||
| Q2 24 | 0.21× | 0.55× | ||
| Q1 24 | 0.21× | 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 | $29.4M | $255.2M |
| 自由现金流经营现金流 - 资本支出 | $7.4M | $186.5M |
| 自由现金流率自由现金流/营收 | 0.8% | 15.5% |
| 资本支出强度资本支出/营收 | 2.3% | 5.7% |
| 现金转化率经营现金流/净利润 | 0.57× | 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MSMRBA
| Q4 25 | $29.4M | $255.2M | ||
| Q3 25 | — | $239.7M | ||
| Q2 25 | $151.6M | $326.5M | ||
| Q1 25 | — | $156.8M | ||
| Q4 24 | $101.9M | $184.5M | ||
| Q3 24 | — | $285.4M | ||
| Q2 24 | $143.5M | $337.3M | ||
| Q1 24 | $78.7M | $124.8M |
自由现金流MSMRBA
| Q4 25 | $7.4M | $186.5M | ||
| Q3 25 | — | $188.5M | ||
| Q2 25 | $100.7M | $241.7M | ||
| Q1 25 | — | $102.5M | ||
| Q4 24 | $81.7M | $127.9M | ||
| Q3 24 | — | $248.5M | ||
| Q2 24 | $114.0M | $308.6M | ||
| Q1 24 | $53.4M | $79.6M |
自由现金流率MSMRBA
| Q4 25 | 0.8% | 15.5% | ||
| Q3 25 | — | 17.3% | ||
| Q2 25 | 10.4% | 20.4% | ||
| Q1 25 | — | 9.2% | ||
| Q4 24 | 8.8% | 11.2% | ||
| Q3 24 | — | 25.3% | ||
| Q2 24 | 11.6% | 28.2% | ||
| Q1 24 | 5.7% | 7.5% |
资本支出强度MSMRBA
| Q4 25 | 2.3% | 5.7% | ||
| Q3 25 | — | 4.7% | ||
| Q2 25 | 5.2% | 7.2% | ||
| Q1 25 | — | 4.9% | ||
| Q4 24 | 2.2% | 5.0% | ||
| Q3 24 | — | 3.8% | ||
| Q2 24 | 3.0% | 2.6% | ||
| Q1 24 | 2.7% | 4.2% |
现金转化率MSMRBA
| Q4 25 | 0.57× | 2.33× | ||
| Q3 25 | — | 2.51× | ||
| Q2 25 | 2.67× | 2.97× | ||
| Q1 25 | — | 1.38× | ||
| Q4 24 | 2.18× | 1.56× | ||
| Q3 24 | — | 3.75× | ||
| Q2 24 | 2.00× | 3.04× | ||
| Q1 24 | 1.27× | 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
MSM
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% |
