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梅特勒-托利多（MTD）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梅特勒-托利多的1.1倍（$1.2B vs $1.1B），梅特勒-托利多净利率更高（25.3% vs 9.1%，领先16.2%），梅特勒-托利多同比增速更快（8.1% vs 5.4%），利氏兄弟拍卖行自由现金流更多（$186.5M vs $184.1M），过去两年梅特勒-托利多的营收复合增速更高（10.5% vs 6.3%）
梅特勒-托利多是全球知名的精密仪器及服务跨国供应商，业务覆盖实验室、工业生产、产品检测、食品零售等应用场景，旗下产品广泛应用于生命科学、食品、化工等众多行业的科研、质量管控及生产制造环节。
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。
MTD 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
MTD
高出2.7%
5.4%
净利率更高
MTD
高出16.2%
9.1%
自由现金流更多
RBA
多$2.4M
$184.1M
两年增速更快
MTD
近两年复合增速
6.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $1.2B |
| 净利润 | $285.8M | $109.7M |
| 毛利率 | 59.8% | — |
| 营业利润率 | 29.1% | 14.7% |
| 净利率 | 25.3% | 9.1% |
| 营收同比 | 8.1% | 5.4% |
| 净利润同比 | 13.3% | -7.4% |
| 每股收益（稀释后） | $13.91 | $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MTDRBA
| Q4 25 | $1.1B | $1.2B | ||
| Q3 25 | $1.0B | $1.1B | ||
| Q2 25 | $983.2M | $1.2B | ||
| Q1 25 | $883.7M | $1.1B | ||
| Q4 24 | $1.0B | $1.1B | ||
| Q3 24 | $954.5M | $981.8M | ||
| Q2 24 | $946.8M | $1.1B | ||
| Q1 24 | $925.9M | $1.1B |
净利润MTDRBA
| Q4 25 | $285.8M | $109.7M | ||
| Q3 25 | $217.5M | $95.5M | ||
| Q2 25 | $202.3M | $109.8M | ||
| Q1 25 | $163.6M | $113.4M | ||
| Q4 24 | $252.3M | $118.5M | ||
| Q3 24 | $211.5M | $76.1M | ||
| Q2 24 | $221.8M | $111.1M | ||
| Q1 24 | $177.5M | $107.4M |
毛利率MTDRBA
| Q4 25 | 59.8% | — | ||
| Q3 25 | 59.2% | — | ||
| Q2 25 | 59.0% | — | ||
| Q1 25 | 59.5% | — | ||
| Q4 24 | 61.2% | — | ||
| Q3 24 | 60.0% | — | ||
| Q2 24 | 59.7% | — | ||
| Q1 24 | 59.2% | — |
营业利润率MTDRBA
| Q4 25 | 29.1% | 14.7% | ||
| Q3 25 | 26.1% | 14.5% | ||
| Q2 25 | 25.3% | 15.9% | ||
| Q1 25 | 22.9% | 17.1% | ||
| Q4 24 | 30.1% | 18.1% | ||
| Q3 24 | 27.1% | 15.6% | ||
| Q2 24 | 25.7% | 18.4% | ||
| Q1 24 | 23.8% | 18.7% |
净利率MTDRBA
| Q4 25 | 25.3% | 9.1% | ||
| Q3 25 | 21.1% | 8.7% | ||
| Q2 25 | 20.6% | 9.3% | ||
| Q1 25 | 18.5% | 10.2% | ||
| Q4 24 | 24.1% | 10.4% | ||
| Q3 24 | 22.2% | 7.8% | ||
| Q2 24 | 23.4% | 10.1% | ||
| Q1 24 | 19.2% | 10.1% |
每股收益（稀释后）MTDRBA
| Q4 25 | $13.91 | $0.53 | ||
| Q3 25 | $10.57 | $0.43 | ||
| Q2 25 | $9.76 | $0.53 | ||
| Q1 25 | $7.81 | $0.55 | ||
| Q4 24 | $11.91 | $0.58 | ||
| Q3 24 | $9.96 | $0.36 | ||
| Q2 24 | $10.37 | $0.54 | ||
| Q1 24 | $8.24 | $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 | $2.1B | $2.3B |
| 股东权益账面价值 | $-23.6M | $5.6B |
| 总资产 | $3.7B | $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MTDRBA
| Q4 25 | — | $531.5M | ||
| Q3 25 | $69.1M | $674.7M | ||
| Q2 25 | $61.8M | $710.2M | ||
| Q1 25 | — | $578.1M | ||
| Q4 24 | $59.4M | $533.9M | ||
| Q3 24 | $71.6M | $650.7M | ||
| Q2 24 | $70.8M | $599.5M | ||
| Q1 24 | — | $462.8M |
总债务MTDRBA
| Q4 25 | $2.1B | $2.3B | ||
| Q3 25 | $2.1B | $2.6B | ||
| Q2 25 | $2.1B | $2.6B | ||
| Q1 25 | — | $2.6B | ||
| Q4 24 | $1.8B | $2.6B | ||
| Q3 24 | $1.9B | $2.7B | ||
| Q2 24 | $1.7B | $2.8B | ||
| Q1 24 | — | $2.9B |
股东权益MTDRBA
| Q4 25 | $-23.6M | $5.6B | ||
| Q3 25 | $-249.2M | $5.5B | ||
| Q2 25 | $-258.8M | $5.5B | ||
| Q1 25 | $-182.0M | $5.3B | ||
| Q4 24 | $-126.9M | $5.2B | ||
| Q3 24 | $-154.4M | $5.2B | ||
| Q2 24 | $-152.8M | $5.2B | ||
| Q1 24 | $-158.7M | $5.1B |
总资产MTDRBA
| Q4 25 | $3.7B | $12.1B | ||
| Q3 25 | $3.5B | $12.2B | ||
| Q2 25 | $3.4B | $12.2B | ||
| Q1 25 | $3.2B | $11.9B | ||
| Q4 24 | $3.2B | $11.8B | ||
| Q3 24 | $3.3B | $11.9B | ||
| Q2 24 | $3.2B | $12.1B | ||
| Q1 24 | $3.3B | $12.0B |
负债/权益比MTDRBA
| 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 | $225.6M | $255.2M |
| 自由现金流经营现金流 - 资本支出 | $184.1M | $186.5M |
| 自由现金流率自由现金流/营收 | 16.3% | 15.5% |
| 资本支出强度资本支出/营收 | 3.7% | 5.7% |
| 现金转化率经营现金流/净利润 | 0.79× | 2.33× |
| 过去12个月自由现金流最近4个季度 | $848.6M | $719.2M |
8季度趋势，按日历期对齐
经营现金流MTDRBA
| Q4 25 | $225.6M | $255.2M | ||
| Q3 25 | $299.4M | $239.7M | ||
| Q2 25 | $236.4M | $326.5M | ||
| Q1 25 | $194.4M | $156.8M | ||
| Q4 24 | $266.2M | $184.5M | ||
| Q3 24 | $254.7M | $285.4M | ||
| Q2 24 | $257.5M | $337.3M | ||
| Q1 24 | $190.0M | $124.8M |
自由现金流MTDRBA
| Q4 25 | $184.1M | $186.5M | ||
| Q3 25 | $274.9M | $188.5M | ||
| Q2 25 | $212.5M | $241.7M | ||
| Q1 25 | $177.2M | $102.5M | ||
| Q4 24 | $224.9M | $127.9M | ||
| Q3 24 | $233.2M | $248.5M | ||
| Q2 24 | $233.7M | $308.6M | ||
| Q1 24 | $172.6M | $79.6M |
自由现金流率MTDRBA
| Q4 25 | 16.3% | 15.5% | ||
| Q3 25 | 26.7% | 17.3% | ||
| Q2 25 | 21.6% | 20.4% | ||
| Q1 25 | 20.1% | 9.2% | ||
| Q4 24 | 21.5% | 11.2% | ||
| Q3 24 | 24.4% | 25.3% | ||
| Q2 24 | 24.7% | 28.2% | ||
| Q1 24 | 18.6% | 7.5% |
资本支出强度MTDRBA
| Q4 25 | 3.7% | 5.7% | ||
| Q3 25 | 2.4% | 4.7% | ||
| Q2 25 | 2.4% | 7.2% | ||
| Q1 25 | 2.0% | 4.9% | ||
| Q4 24 | 3.9% | 5.0% | ||
| Q3 24 | 2.2% | 3.8% | ||
| Q2 24 | 2.5% | 2.6% | ||
| Q1 24 | 1.9% | 4.2% |
现金转化率MTDRBA
| Q4 25 | 0.79× | 2.33× | ||
| Q3 25 | 1.38× | 2.51× | ||
| Q2 25 | 1.17× | 2.97× | ||
| Q1 25 | 1.19× | 1.38× | ||
| Q4 24 | 1.06× | 1.56× | ||
| Q3 24 | 1.20× | 3.75× | ||
| Q2 24 | 1.16× | 3.04× | ||
| Q1 24 | 1.07× | 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
MTD
| Products | $857.0M | 76% |
| Services | $272.8M | 24% |
RBA
| Buyer Revenue | $577.2M | 48% |
| Seller Revenue | $255.2M | 21% |
| CA | $199.0M | 17% |
| Other | $124.7M | 10% |
| AU | $47.3M | 4% |
