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纽约时报公司（NYT）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纽约时报公司的1.5倍（$1.2B vs $802.3M），纽约时报公司净利率更高（16.2% vs 9.1%，领先7.1%），纽约时报公司同比增速更快（10.4% vs 5.4%），利氏兄弟拍卖行自由现金流更多（$186.5M vs $157.6M），过去两年纽约时报公司的营收复合增速更高（16.2% vs 6.3%）
纽约时报公司是美国知名大众传媒企业，总部位于纽约市曼哈顿的纽约时报大厦，旗下核心出版产品包括《纽约时报》及其国际版等系列刊物，同时运营多元媒体资产，在全球新闻传媒领域拥有较高知名度。
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。
NYT vs RBA — 直观对比
营收规模更大
RBA
是对方的1.5倍
$802.3M
营收增速更快
NYT
高出5.0%
5.4%
净利率更高
NYT
高出7.1%
9.1%
自由现金流更多
RBA
多$28.9M
$157.6M
两年增速更快
NYT
近两年复合增速
6.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $802.3M | $1.2B |
| 净利润 | $129.8M | $109.7M |
| 毛利率 | — | — |
| 营业利润率 | 20.1% | 14.7% |
| 净利率 | 16.2% | 9.1% |
| 营收同比 | 10.4% | 5.4% |
| 净利润同比 | 4.9% | -7.4% |
| 每股收益（稀释后） | $0.79 | $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NYTRBA
| Q4 25 | $802.3M | $1.2B | ||
| Q3 25 | $700.8M | $1.1B | ||
| Q2 25 | $685.9M | $1.2B | ||
| Q1 25 | $635.9M | $1.1B | ||
| Q4 24 | $726.6M | $1.1B | ||
| Q3 24 | $640.2M | $981.8M | ||
| Q2 24 | $625.1M | $1.1B | ||
| Q1 24 | $594.0M | $1.1B |
净利润NYTRBA
| Q4 25 | $129.8M | $109.7M | ||
| Q3 25 | $81.6M | $95.5M | ||
| Q2 25 | $82.9M | $109.8M | ||
| Q1 25 | $49.6M | $113.4M | ||
| Q4 24 | $123.7M | $118.5M | ||
| Q3 24 | $64.1M | $76.1M | ||
| Q2 24 | $65.5M | $111.1M | ||
| Q1 24 | $40.4M | $107.4M |
营业利润率NYTRBA
| Q4 25 | 20.1% | 14.7% | ||
| Q3 25 | 15.0% | 14.5% | ||
| Q2 25 | 15.5% | 15.9% | ||
| Q1 25 | 9.2% | 17.1% | ||
| Q4 24 | 20.2% | 18.1% | ||
| Q3 24 | 12.0% | 15.6% | ||
| Q2 24 | 12.7% | 18.4% | ||
| Q1 24 | 8.1% | 18.7% |
净利率NYTRBA
| Q4 25 | 16.2% | 9.1% | ||
| Q3 25 | 11.7% | 8.7% | ||
| Q2 25 | 12.1% | 9.3% | ||
| Q1 25 | 7.8% | 10.2% | ||
| Q4 24 | 17.0% | 10.4% | ||
| Q3 24 | 10.0% | 7.8% | ||
| Q2 24 | 10.5% | 10.1% | ||
| Q1 24 | 6.8% | 10.1% |
每股收益（稀释后）NYTRBA
| Q4 25 | $0.79 | $0.53 | ||
| Q3 25 | $0.50 | $0.43 | ||
| Q2 25 | $0.50 | $0.53 | ||
| Q1 25 | $0.30 | $0.55 | ||
| Q4 24 | $0.74 | $0.58 | ||
| Q3 24 | $0.39 | $0.36 | ||
| Q2 24 | $0.40 | $0.54 | ||
| Q1 24 | $0.24 | $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 | $642.2M | $531.5M |
| 总债务越低越好 | — | $2.3B |
| 股东权益账面价值 | $2.0B | $5.6B |
| 总资产 | $3.0B | $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NYTRBA
| Q4 25 | $642.2M | $531.5M | ||
| Q3 25 | $617.4M | $674.7M | ||
| Q2 25 | $540.2M | $710.2M | ||
| Q1 25 | $522.1M | $578.1M | ||
| Q4 24 | $565.9M | $533.9M | ||
| Q3 24 | $492.9M | $650.7M | ||
| Q2 24 | $411.4M | $599.5M | ||
| Q1 24 | $379.1M | $462.8M |
总债务NYTRBA
| 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NYTRBA
| Q4 25 | $2.0B | $5.6B | ||
| Q3 25 | $2.0B | $5.5B | ||
| Q2 25 | $1.9B | $5.5B | ||
| Q1 25 | $1.9B | $5.3B | ||
| Q4 24 | $1.9B | $5.2B | ||
| Q3 24 | $1.9B | $5.2B | ||
| Q2 24 | $1.8B | $5.2B | ||
| Q1 24 | $1.7B | $5.1B |
总资产NYTRBA
| Q4 25 | $3.0B | $12.1B | ||
| Q3 25 | $2.9B | $12.2B | ||
| Q2 25 | $2.8B | $12.2B | ||
| Q1 25 | $2.7B | $11.9B | ||
| Q4 24 | $2.8B | $11.8B | ||
| Q3 24 | $2.8B | $11.9B | ||
| Q2 24 | $2.7B | $12.1B | ||
| Q1 24 | $2.6B | $12.0B |
负债/权益比NYTRBA
| 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 | $164.2M | $255.2M |
| 自由现金流经营现金流 - 资本支出 | $157.6M | $186.5M |
| 自由现金流率自由现金流/营收 | 19.6% | 15.5% |
| 资本支出强度资本支出/营收 | 0.8% | 5.7% |
| 现金转化率经营现金流/净利润 | 1.26× | 2.33× |
| 过去12个月自由现金流最近4个季度 | $550.5M | $719.2M |
8季度趋势，按日历期对齐
经营现金流NYTRBA
| Q4 25 | $164.2M | $255.2M | ||
| Q3 25 | $207.6M | $239.7M | ||
| Q2 25 | $113.6M | $326.5M | ||
| Q1 25 | $99.1M | $156.8M | ||
| Q4 24 | $151.7M | $184.5M | ||
| Q3 24 | $125.5M | $285.4M | ||
| Q2 24 | $80.2M | $337.3M | ||
| Q1 24 | $53.1M | $124.8M |
自由现金流NYTRBA
| Q4 25 | $157.6M | $186.5M | ||
| Q3 25 | $199.7M | $188.5M | ||
| Q2 25 | $103.3M | $241.7M | ||
| Q1 25 | $89.9M | $102.5M | ||
| Q4 24 | $143.6M | $127.9M | ||
| Q3 24 | $118.4M | $248.5M | ||
| Q2 24 | $72.6M | $308.6M | ||
| Q1 24 | $46.7M | $79.6M |
自由现金流率NYTRBA
| Q4 25 | 19.6% | 15.5% | ||
| Q3 25 | 28.5% | 17.3% | ||
| Q2 25 | 15.1% | 20.4% | ||
| Q1 25 | 14.1% | 9.2% | ||
| Q4 24 | 19.8% | 11.2% | ||
| Q3 24 | 18.5% | 25.3% | ||
| Q2 24 | 11.6% | 28.2% | ||
| Q1 24 | 7.9% | 7.5% |
资本支出强度NYTRBA
| Q4 25 | 0.8% | 5.7% | ||
| Q3 25 | 1.1% | 4.7% | ||
| Q2 25 | 1.5% | 7.2% | ||
| Q1 25 | 1.5% | 4.9% | ||
| Q4 24 | 1.1% | 5.0% | ||
| Q3 24 | 1.1% | 3.8% | ||
| Q2 24 | 1.2% | 2.6% | ||
| Q1 24 | 1.1% | 4.2% |
现金转化率NYTRBA
| Q4 25 | 1.26× | 2.33× | ||
| Q3 25 | 2.54× | 2.51× | ||
| Q2 25 | 1.37× | 2.97× | ||
| Q1 25 | 2.00× | 1.38× | ||
| Q4 24 | 1.23× | 1.56× | ||
| Q3 24 | 1.96× | 3.75× | ||
| Q2 24 | 1.22× | 3.04× | ||
| Q1 24 | 1.31× | 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
NYT
| Subscription | $510.5M | 64% |
| Advertising | $191.7M | 24% |
| Affiliate Licensing And Other Products And Services | $100.2M | 12% |
RBA
| Buyer Revenue | $577.2M | 48% |
| Seller Revenue | $255.2M | 21% |
| CA | $199.0M | 17% |
| Other | $124.7M | 10% |
| AU | $47.3M | 4% |
