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新闻集团（NWSA）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
新闻集团的季度营收约是利氏兄弟拍卖行的2.0倍（$2.4B vs $1.2B），利氏兄弟拍卖行净利率更高（9.1% vs 8.2%，领先0.9%），新闻集团同比增速更快（5.5% vs 5.4%），利氏兄弟拍卖行自由现金流更多（$186.5M vs $132.0M），过去两年利氏兄弟拍卖行的营收复合增速更高（6.3% vs -1.3%）
新闻集团是全球知名的媒体集团，旗下拥有报纸、出版、数字媒体等多项媒体业务，在全球传媒领域拥有广泛影响力，专注于为受众提供及时多元的时事资讯与内容服务。
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。
NWSA vs RBA — 直观对比
营收规模更大
NWSA
是对方的2.0倍
$1.2B
营收增速更快
NWSA
高出0.1%
5.4%
净利率更高
RBA
高出0.9%
8.2%
自由现金流更多
RBA
多$54.5M
$132.0M
两年增速更快
RBA
近两年复合增速
-1.3%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.4B | $1.2B |
| 净利润 | $193.0M | $109.7M |
| 毛利率 | — | — |
| 营业利润率 | — | 14.7% |
| 净利率 | 8.2% | 9.1% |
| 营收同比 | 5.5% | 5.4% |
| 净利润同比 | -10.2% | -7.4% |
| 每股收益（稀释后） | $0.34 | $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NWSARBA
| Q4 25 | $2.4B | $1.2B | ||
| Q3 25 | $2.1B | $1.1B | ||
| Q2 25 | $1.6B | $1.2B | ||
| Q1 25 | $2.0B | $1.1B | ||
| Q4 24 | $2.2B | $1.1B | ||
| Q3 24 | $2.6B | $981.8M | ||
| Q2 24 | $2.6B | $1.1B | ||
| Q1 24 | $2.4B | $1.1B |
净利润NWSARBA
| Q4 25 | $193.0M | $109.7M | ||
| Q3 25 | $112.0M | $95.5M | ||
| Q2 25 | $743.0M | $109.8M | ||
| Q1 25 | $103.0M | $113.4M | ||
| Q4 24 | $215.0M | $118.5M | ||
| Q3 24 | $119.0M | $76.1M | ||
| Q2 24 | $50.0M | $111.1M | ||
| Q1 24 | $30.0M | $107.4M |
营业利润率NWSARBA
| Q4 25 | — | 14.7% | ||
| Q3 25 | — | 14.5% | ||
| Q2 25 | 8.5% | 15.9% | ||
| Q1 25 | 7.5% | 17.1% | ||
| Q4 24 | 19.2% | 18.1% | ||
| Q3 24 | 7.9% | 15.6% | ||
| Q2 24 | 4.3% | 18.4% | ||
| Q1 24 | 2.6% | 18.7% |
净利率NWSARBA
| Q4 25 | 8.2% | 9.1% | ||
| Q3 25 | 5.2% | 8.7% | ||
| Q2 25 | 45.6% | 9.3% | ||
| Q1 25 | 5.1% | 10.2% | ||
| Q4 24 | 9.6% | 10.4% | ||
| Q3 24 | 4.6% | 7.8% | ||
| Q2 24 | 1.9% | 10.1% | ||
| Q1 24 | 1.2% | 10.1% |
每股收益（稀释后）NWSARBA
| Q4 25 | $0.34 | $0.53 | ||
| Q3 25 | $0.20 | $0.43 | ||
| Q2 25 | $1.30 | $0.53 | ||
| Q1 25 | $0.18 | $0.55 | ||
| Q4 24 | $0.38 | $0.58 | ||
| Q3 24 | $0.21 | $0.36 | ||
| Q2 24 | $0.09 | $0.54 | ||
| Q1 24 | $0.05 | $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 | $2.1B | $531.5M |
| 总债务越低越好 | $2.0B | $2.3B |
| 股东权益账面价值 | $8.8B | $5.6B |
| 总资产 | $15.5B | $12.1B |
| 负债/权益比越低杠杆越低 | 0.22× | 0.42× |
8季度趋势，按日历期对齐
现金及短期投资NWSARBA
| Q4 25 | $2.1B | $531.5M | ||
| Q3 25 | $2.2B | $674.7M | ||
| Q2 25 | $2.4B | $710.2M | ||
| Q1 25 | $2.1B | $578.1M | ||
| Q4 24 | $1.8B | $533.9M | ||
| Q3 24 | $1.8B | $650.7M | ||
| Q2 24 | $2.0B | $599.5M | ||
| Q1 24 | $1.9B | $462.8M |
总债务NWSARBA
| Q4 25 | $2.0B | $2.3B | ||
| Q3 25 | $2.0B | $2.6B | ||
| Q2 25 | $2.0B | $2.6B | ||
| Q1 25 | $2.0B | $2.6B | ||
| Q4 24 | $2.0B | $2.6B | ||
| Q3 24 | $2.9B | $2.7B | ||
| Q2 24 | $2.9B | $2.8B | ||
| Q1 24 | $2.9B | $2.9B |
股东权益NWSARBA
| Q4 25 | $8.8B | $5.6B | ||
| Q3 25 | $8.7B | $5.5B | ||
| Q2 25 | $8.8B | $5.5B | ||
| Q1 25 | $8.2B | $5.3B | ||
| Q4 24 | $8.1B | $5.2B | ||
| Q3 24 | $8.3B | $5.2B | ||
| Q2 24 | $8.1B | $5.2B | ||
| Q1 24 | $8.1B | $5.1B |
总资产NWSARBA
| Q4 25 | $15.5B | $12.1B | ||
| Q3 25 | $15.3B | $12.2B | ||
| Q2 25 | $15.5B | $12.2B | ||
| Q1 25 | $16.6B | $11.9B | ||
| Q4 24 | $16.2B | $11.8B | ||
| Q3 24 | $16.9B | $11.9B | ||
| Q2 24 | $16.7B | $12.1B | ||
| Q1 24 | $16.5B | $12.0B |
负债/权益比NWSARBA
| Q4 25 | 0.22× | 0.42× | ||
| Q3 25 | 0.22× | 0.47× | ||
| Q2 25 | 0.22× | 0.47× | ||
| Q1 25 | 0.24× | 0.50× | ||
| Q4 24 | 0.24× | 0.50× | ||
| Q3 24 | 0.35× | 0.52× | ||
| Q2 24 | 0.36× | 0.55× | ||
| Q1 24 | 0.36× | 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 | $231.0M | $255.2M |
| 自由现金流经营现金流 - 资本支出 | $132.0M | $186.5M |
| 自由现金流率自由现金流/营收 | 5.6% | 15.5% |
| 资本支出强度资本支出/营收 | 4.2% | 5.7% |
| 现金转化率经营现金流/净利润 | 1.20× | 2.33× |
| 过去12个月自由现金流最近4个季度 | $586.0M | $719.2M |
8季度趋势，按日历期对齐
经营现金流NWSARBA
| Q4 25 | $231.0M | $255.2M | ||
| Q3 25 | $85.0M | $239.7M | ||
| Q2 25 | $189.0M | $326.5M | ||
| Q1 25 | $511.0M | $156.8M | ||
| Q4 24 | $252.0M | $184.5M | ||
| Q3 24 | $64.0M | $285.4M | ||
| Q2 24 | $254.0M | $337.3M | ||
| Q1 24 | $539.0M | $124.8M |
自由现金流NWSARBA
| Q4 25 | $132.0M | $186.5M | ||
| Q3 25 | $4.0M | $188.5M | ||
| Q2 25 | $32.0M | $241.7M | ||
| Q1 25 | $418.0M | $102.5M | ||
| Q4 24 | $190.0M | $127.9M | ||
| Q3 24 | $-31.0M | $248.5M | ||
| Q2 24 | $111.0M | $308.6M | ||
| Q1 24 | $422.0M | $79.6M |
自由现金流率NWSARBA
| Q4 25 | 5.6% | 15.5% | ||
| Q3 25 | 0.2% | 17.3% | ||
| Q2 25 | 2.0% | 20.4% | ||
| Q1 25 | 20.8% | 9.2% | ||
| Q4 24 | 8.5% | 11.2% | ||
| Q3 24 | -1.2% | 25.3% | ||
| Q2 24 | 4.3% | 28.2% | ||
| Q1 24 | 17.4% | 7.5% |
资本支出强度NWSARBA
| Q4 25 | 4.2% | 5.7% | ||
| Q3 25 | 3.8% | 4.7% | ||
| Q2 25 | 9.6% | 7.2% | ||
| Q1 25 | 4.6% | 4.9% | ||
| Q4 24 | 2.8% | 5.0% | ||
| Q3 24 | 3.7% | 3.8% | ||
| Q2 24 | 5.5% | 2.6% | ||
| Q1 24 | 4.8% | 4.2% |
现金转化率NWSARBA
| Q4 25 | 1.20× | 2.33× | ||
| Q3 25 | 0.76× | 2.51× | ||
| Q2 25 | 0.25× | 2.97× | ||
| Q1 25 | 4.96× | 1.38× | ||
| Q4 24 | 1.17× | 1.56× | ||
| Q3 24 | 0.54× | 3.75× | ||
| Q2 24 | 5.08× | 3.04× | ||
| Q1 24 | 17.97× | 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
NWSA
| Book Publishing Segment | $633.0M | 27% |
| Consumer | $607.0M | 26% |
| News And Information Services Segment | $570.0M | 24% |
| Real Estate | $401.0M | 17% |
| Other Product Or Service | $173.0M | 7% |
RBA
| Buyer Revenue | $577.2M | 48% |
| Seller Revenue | $255.2M | 21% |
| CA | $199.0M | 17% |
| Other | $124.7M | 10% |
| AU | $47.3M | 4% |
