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NVR, Inc.（NVR）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
NVR, Inc.的季度营收约是利氏兄弟拍卖行的1.5倍（$1.8B vs $1.2B），利氏兄弟拍卖行净利率更高（11.0% vs 10.8%，领先0.2%），利氏兄弟拍卖行同比增速更快（11.4% vs -21.9%），过去两年利氏兄弟拍卖行的营收复合增速更高（6.1% vs -16.2%）
NVR, Inc.是总部位于美国弗吉尼亚州雷斯顿的知名住宅建造企业，同时运营抵押贷款银行及产权服务相关业务。公司业务主要布局美国东海岸，覆盖14个州及华盛顿特区，2021年有22%的营收来自华盛顿大都会区。
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。
NVR vs RBA — 直观对比
营收规模更大
NVR
是对方的1.5倍
$1.2B
营收增速更快
RBA
高出33.3%
-21.9%
净利率更高
RBA
高出0.2%
10.8%
两年增速更快
RBA
近两年复合增速
-16.2%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.8B | $1.2B |
| 净利润 | $198.4M | $135.6M |
| 毛利率 | 180.4% | — |
| 营业利润率 | — | 17.6% |
| 净利率 | 10.8% | 11.0% |
| 营收同比 | -21.9% | 11.4% |
| 净利润同比 | — | 19.7% |
| 每股收益（稀释后） | $67.76 | $0.66 |
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NVRRBA
| Q1 26 | $1.8B | $1.2B | ||
| Q4 25 | $2.7B | $1.2B | ||
| Q3 25 | $2.6B | $1.1B | ||
| Q2 25 | $2.6B | $1.2B | ||
| Q1 25 | $2.4B | $1.1B | ||
| Q4 24 | $2.8B | $1.1B | ||
| Q3 24 | $2.7B | $981.8M | ||
| Q2 24 | $2.6B | $1.1B |
净利润NVRRBA
| Q1 26 | $198.4M | $135.6M | ||
| Q4 25 | $363.8M | $109.7M | ||
| Q3 25 | $342.7M | $95.5M | ||
| Q2 25 | $333.7M | $109.8M | ||
| Q1 25 | $299.6M | $113.4M | ||
| Q4 24 | $457.4M | $118.5M | ||
| Q3 24 | $429.3M | $76.1M | ||
| Q2 24 | $400.9M | $111.1M |
毛利率NVRRBA
| Q1 26 | 180.4% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
营业利润率NVRRBA
| Q1 26 | — | 17.6% | ||
| Q4 25 | — | 14.7% | ||
| Q3 25 | — | 14.5% | ||
| Q2 25 | — | 15.9% | ||
| Q1 25 | — | 17.1% | ||
| Q4 24 | — | 18.1% | ||
| Q3 24 | — | 15.6% | ||
| Q2 24 | — | 18.4% |
净利率NVRRBA
| Q1 26 | 10.8% | 11.0% | ||
| Q4 25 | 13.4% | 9.1% | ||
| Q3 25 | 13.1% | 8.7% | ||
| Q2 25 | 12.8% | 9.3% | ||
| Q1 25 | 12.5% | 10.2% | ||
| Q4 24 | 16.1% | 10.4% | ||
| Q3 24 | 15.7% | 7.8% | ||
| Q2 24 | 15.3% | 10.1% |
每股收益（稀释后）NVRRBA
| Q1 26 | $67.76 | $0.66 | ||
| Q4 25 | $120.85 | $0.53 | ||
| Q3 25 | $112.33 | $0.43 | ||
| Q2 25 | $108.54 | $0.53 | ||
| Q1 25 | $94.83 | $0.55 | ||
| Q4 24 | $139.09 | $0.58 | ||
| Q3 24 | $130.50 | $0.36 | ||
| Q2 24 | $120.69 | $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 | $1.6B | $667.2M |
| 总债务越低越好 | — | $2.6B |
| 股东权益账面价值 | $3.5B | $5.6B |
| 总资产 | $5.6B | $12.4B |
| 负债/权益比越低杠杆越低 | — | 0.45× |
8季度趋势，按日历期对齐
现金及短期投资NVRRBA
| Q1 26 | $1.6B | $667.2M | ||
| 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 |
总债务NVRRBA
| Q1 26 | — | $2.6B | ||
| 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 |
股东权益NVRRBA
| Q1 26 | $3.5B | $5.6B | ||
| Q4 25 | $3.9B | $5.6B | ||
| Q3 25 | $4.0B | $5.5B | ||
| Q2 25 | $3.8B | $5.5B | ||
| Q1 25 | $4.0B | $5.3B | ||
| Q4 24 | $4.2B | $5.2B | ||
| Q3 24 | $4.3B | $5.2B | ||
| Q2 24 | $4.1B | $5.2B |
总资产NVRRBA
| Q1 26 | $5.6B | $12.4B | ||
| Q4 25 | $5.9B | $12.1B | ||
| Q3 25 | $6.0B | $12.2B | ||
| Q2 25 | $5.9B | $12.2B | ||
| Q1 25 | $6.2B | $11.9B | ||
| Q4 24 | $6.4B | $11.8B | ||
| Q3 24 | $6.5B | $11.9B | ||
| Q2 24 | $6.4B | $12.1B |
负债/权益比NVRRBA
| Q1 26 | — | 0.45× | ||
| 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× |
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 | — | $224.1M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | — | 1.65× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流NVRRBA
| Q1 26 | — | $224.1M | ||
| Q4 25 | $439.7M | $255.2M | ||
| Q3 25 | $438.7M | $239.7M | ||
| Q2 25 | $35.1M | $326.5M | ||
| Q1 25 | $207.8M | $156.8M | ||
| Q4 24 | $637.0M | $184.5M | ||
| Q3 24 | $358.3M | $285.4M | ||
| Q2 24 | $232.7M | $337.3M |
自由现金流NVRRBA
| Q1 26 | — | — | ||
| Q4 25 | $436.0M | $186.5M | ||
| Q3 25 | $433.3M | $188.5M | ||
| Q2 25 | $26.8M | $241.7M | ||
| Q1 25 | $200.7M | $102.5M | ||
| Q4 24 | $631.5M | $127.9M | ||
| Q3 24 | $350.1M | $248.5M | ||
| Q2 24 | $226.3M | $308.6M |
自由现金流率NVRRBA
| Q1 26 | — | — | ||
| Q4 25 | 16.1% | 15.5% | ||
| Q3 25 | 16.6% | 17.3% | ||
| Q2 25 | 1.0% | 20.4% | ||
| Q1 25 | 8.4% | 9.2% | ||
| Q4 24 | 22.2% | 11.2% | ||
| Q3 24 | 12.8% | 25.3% | ||
| Q2 24 | 8.7% | 28.2% |
资本支出强度NVRRBA
| Q1 26 | — | — | ||
| Q4 25 | 0.1% | 5.7% | ||
| Q3 25 | 0.2% | 4.7% | ||
| Q2 25 | 0.3% | 7.2% | ||
| Q1 25 | 0.3% | 4.9% | ||
| Q4 24 | 0.2% | 5.0% | ||
| Q3 24 | 0.3% | 3.8% | ||
| Q2 24 | 0.2% | 2.6% |
现金转化率NVRRBA
| Q1 26 | — | 1.65× | ||
| Q4 25 | 1.21× | 2.33× | ||
| Q3 25 | 1.28× | 2.51× | ||
| Q2 25 | 0.11× | 2.97× | ||
| Q1 25 | 0.69× | 1.38× | ||
| Q4 24 | 1.39× | 1.56× | ||
| Q3 24 | 0.83× | 3.75× | ||
| Q2 24 | 0.58× | 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
NVR
暂无分部数据
RBA
| Transactional buyer revenue | $577.5M | 47% |
| Inventory sales revenue | $336.9M | 27% |
| Transactional seller revenue | $241.3M | 20% |
| Marketplace services revenue | $78.9M | 6% |
