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巴诺书店（NE）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巴诺书店的1.6倍（$1.2B vs $764.4M），巴诺书店净利率更高（11.3% vs 9.1%，领先2.2%），利氏兄弟拍卖行同比增速更快（5.4% vs -17.6%），利氏兄弟拍卖行自由现金流更多（$186.5M vs $35.4M），过去两年巴诺书店的营收复合增速更高（9.5% vs 6.3%）
巴诺书店是美国知名连锁图书零售企业，拥有全美数量最多的实体零售网点，目前在美国境内共运营超过700家线下门店，为消费者提供各类书籍、文创产品及相关文化消费服务。
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。
NE vs RBA — 直观对比
营收规模更大
RBA
是对方的1.6倍
$764.4M
营收增速更快
RBA
高出23.0%
-17.6%
净利率更高
NE
高出2.2%
9.1%
自由现金流更多
RBA
多$151.1M
$35.4M
两年增速更快
NE
近两年复合增速
6.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $764.4M | $1.2B |
| 净利润 | $86.6M | $109.7M |
| 毛利率 | — | — |
| 营业利润率 | 5.6% | 14.7% |
| 净利率 | 11.3% | 9.1% |
| 营收同比 | -17.6% | 5.4% |
| 净利润同比 | -10.4% | -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NERBA
| Q4 25 | $764.4M | $1.2B | ||
| Q3 25 | $798.0M | $1.1B | ||
| Q2 25 | $848.7M | $1.2B | ||
| Q1 25 | $874.5M | $1.1B | ||
| Q4 24 | $927.3M | $1.1B | ||
| Q3 24 | $800.5M | $981.8M | ||
| Q2 24 | $692.8M | $1.1B | ||
| Q1 24 | $637.1M | $1.1B |
净利润NERBA
| Q4 25 | $86.6M | $109.7M | ||
| Q3 25 | $-21.1M | $95.5M | ||
| Q2 25 | $42.9M | $109.8M | ||
| Q1 25 | $108.3M | $113.4M | ||
| Q4 24 | $96.6M | $118.5M | ||
| Q3 24 | $61.2M | $76.1M | ||
| Q2 24 | $195.0M | $111.1M | ||
| Q1 24 | $95.5M | $107.4M |
营业利润率NERBA
| Q4 25 | 5.6% | 14.7% | ||
| Q3 25 | 6.3% | 14.5% | ||
| Q2 25 | 15.9% | 15.9% | ||
| Q1 25 | 21.4% | 17.1% | ||
| Q4 24 | 18.4% | 18.1% | ||
| Q3 24 | 14.4% | 15.6% | ||
| Q2 24 | 30.3% | 18.4% | ||
| Q1 24 | 16.9% | 18.7% |
净利率NERBA
| Q4 25 | 11.3% | 9.1% | ||
| Q3 25 | -2.6% | 8.7% | ||
| Q2 25 | 5.1% | 9.3% | ||
| Q1 25 | 12.4% | 10.2% | ||
| Q4 24 | 10.4% | 10.4% | ||
| Q3 24 | 7.6% | 7.8% | ||
| Q2 24 | 28.1% | 10.1% | ||
| Q1 24 | 15.0% | 10.1% |
每股收益（稀释后）NERBA
| Q4 25 | $0.54 | $0.53 | ||
| Q3 25 | $-0.13 | $0.43 | ||
| Q2 25 | $0.27 | $0.53 | ||
| Q1 25 | $0.67 | $0.55 | ||
| Q4 24 | $0.56 | $0.58 | ||
| Q3 24 | $0.40 | $0.36 | ||
| Q2 24 | $1.34 | $0.54 | ||
| Q1 24 | $0.66 | $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 | $471.4M | $531.5M |
| 总债务越低越好 | — | $2.3B |
| 股东权益账面价值 | $4.5B | $5.6B |
| 总资产 | $7.5B | $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NERBA
| Q4 25 | $471.4M | $531.5M | ||
| Q3 25 | $477.9M | $674.7M | ||
| Q2 25 | $338.2M | $710.2M | ||
| Q1 25 | $303.8M | $578.1M | ||
| Q4 24 | $247.3M | $533.9M | ||
| Q3 24 | $391.9M | $650.7M | ||
| Q2 24 | $162.9M | $599.5M | ||
| Q1 24 | $212.5M | $462.8M |
总债务NERBA
| 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NERBA
| Q4 25 | $4.5B | $5.6B | ||
| Q3 25 | $4.5B | $5.5B | ||
| Q2 25 | $4.6B | $5.5B | ||
| Q1 25 | $4.7B | $5.3B | ||
| Q4 24 | $4.7B | $5.2B | ||
| Q3 24 | $4.7B | $5.2B | ||
| Q2 24 | $4.0B | $5.2B | ||
| Q1 24 | $3.9B | $5.1B |
总资产NERBA
| Q4 25 | $7.5B | $12.1B | ||
| Q3 25 | $7.6B | $12.2B | ||
| Q2 25 | $7.7B | $12.2B | ||
| Q1 25 | $7.9B | $11.9B | ||
| Q4 24 | $8.0B | $11.8B | ||
| Q3 24 | $8.0B | $11.9B | ||
| Q2 24 | $5.6B | $12.1B | ||
| Q1 24 | $5.4B | $12.0B |
负债/权益比NERBA
| 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 | $187.1M | $255.2M |
| 自由现金流经营现金流 - 资本支出 | $35.4M | $186.5M |
| 自由现金流率自由现金流/营收 | 4.6% | 15.5% |
| 资本支出强度资本支出/营收 | 19.9% | 5.7% |
| 现金转化率经营现金流/净利润 | 2.16× | 2.33× |
| 过去12个月自由现金流最近4个季度 | $432.2M | $719.2M |
8季度趋势，按日历期对齐
经营现金流NERBA
| Q4 25 | $187.1M | $255.2M | ||
| Q3 25 | $277.1M | $239.7M | ||
| Q2 25 | $216.4M | $326.5M | ||
| Q1 25 | $271.1M | $156.8M | ||
| Q4 24 | $136.2M | $184.5M | ||
| Q3 24 | $283.8M | $285.4M | ||
| Q2 24 | $106.8M | $337.3M | ||
| Q1 24 | $128.7M | $124.8M |
自由现金流NERBA
| Q4 25 | $35.4M | $186.5M | ||
| Q3 25 | $139.5M | $188.5M | ||
| Q2 25 | $99.8M | $241.7M | ||
| Q1 25 | $157.5M | $102.5M | ||
| Q4 24 | $-4.4M | $127.9M | ||
| Q3 24 | $156.8M | $248.5M | ||
| Q2 24 | $-34.3M | $308.6M | ||
| Q1 24 | $-37.9M | $79.6M |
自由现金流率NERBA
| Q4 25 | 4.6% | 15.5% | ||
| Q3 25 | 17.5% | 17.3% | ||
| Q2 25 | 11.8% | 20.4% | ||
| Q1 25 | 18.0% | 9.2% | ||
| Q4 24 | -0.5% | 11.2% | ||
| Q3 24 | 19.6% | 25.3% | ||
| Q2 24 | -4.9% | 28.2% | ||
| Q1 24 | -6.0% | 7.5% |
资本支出强度NERBA
| Q4 25 | 19.9% | 5.7% | ||
| Q3 25 | 17.3% | 4.7% | ||
| Q2 25 | 13.7% | 7.2% | ||
| Q1 25 | 13.0% | 4.9% | ||
| Q4 24 | 15.2% | 5.0% | ||
| Q3 24 | 15.9% | 3.8% | ||
| Q2 24 | 20.4% | 2.6% | ||
| Q1 24 | 26.2% | 4.2% |
现金转化率NERBA
| Q4 25 | 2.16× | 2.33× | ||
| Q3 25 | — | 2.51× | ||
| Q2 25 | 5.05× | 2.97× | ||
| Q1 25 | 2.50× | 1.38× | ||
| Q4 24 | 1.41× | 1.56× | ||
| Q3 24 | 4.64× | 3.75× | ||
| Q2 24 | 0.55× | 3.04× | ||
| Q1 24 | 1.35× | 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
NE
| Floaters | $559.8M | 73% |
| Jackups | $145.5M | 19% |
| Service Other | $59.1M | 8% |
RBA
| Buyer Revenue | $577.2M | 48% |
| Seller Revenue | $255.2M | 21% |
| CA | $199.0M | 17% |
| Other | $124.7M | 10% |
| AU | $47.3M | 4% |
