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欧文斯科宁（OC）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
欧文斯科宁的季度营收约是利氏兄弟拍卖行的1.8倍（$2.1B vs $1.2B），利氏兄弟拍卖行净利率更高（9.1% vs -13.9%，领先23.0%），利氏兄弟拍卖行同比增速更快（5.4% vs -24.6%），欧文斯科宁自由现金流更多（$333.0M vs $186.5M），过去两年利氏兄弟拍卖行的营收复合增速更高（6.3% vs -3.5%）
欧文斯科宁是美国知名建材及复合材料企业，1935年由康宁玻璃厂与欧文斯-伊利诺伊公司合资组建。主营保温材料、屋面材料、玻璃纤维复合材料及相关产品，是全球最大的玻璃纤维复合材料生产商，全球员工约1.9万人，自1955年《财富》500强榜单创立以来连年上榜。
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。
OC vs RBA — 直观对比
营收规模更大
OC
是对方的1.8倍
$1.2B
营收增速更快
RBA
高出30.0%
-24.6%
净利率更高
RBA
高出23.0%
-13.9%
自由现金流更多
OC
多$146.5M
$186.5M
两年增速更快
RBA
近两年复合增速
-3.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.1B | $1.2B |
| 净利润 | $-298.0M | $109.7M |
| 毛利率 | 23.2% | — |
| 营业利润率 | -10.5% | 14.7% |
| 净利率 | -13.9% | 9.1% |
| 营收同比 | -24.6% | 5.4% |
| 净利润同比 | -15.5% | -7.4% |
| 每股收益（稀释后） | $-3.47 | $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OCRBA
| Q4 25 | $2.1B | $1.2B | ||
| Q3 25 | $2.7B | $1.1B | ||
| Q2 25 | $2.7B | $1.2B | ||
| Q1 25 | $2.5B | $1.1B | ||
| Q4 24 | $2.8B | $1.1B | ||
| Q3 24 | $3.0B | $981.8M | ||
| Q2 24 | $2.8B | $1.1B | ||
| Q1 24 | $2.3B | $1.1B |
净利润OCRBA
| Q4 25 | $-298.0M | $109.7M | ||
| Q3 25 | $-494.0M | $95.5M | ||
| Q2 25 | $363.0M | $109.8M | ||
| Q1 25 | $-93.0M | $113.4M | ||
| Q4 24 | $-258.0M | $118.5M | ||
| Q3 24 | $321.0M | $76.1M | ||
| Q2 24 | $285.0M | $111.1M | ||
| Q1 24 | $299.0M | $107.4M |
毛利率OCRBA
| Q4 25 | 23.2% | — | ||
| Q3 25 | 28.2% | — | ||
| Q2 25 | 31.2% | — | ||
| Q1 25 | 28.7% | — | ||
| Q4 24 | 28.1% | — | ||
| Q3 24 | 29.8% | — | ||
| Q2 24 | 31.1% | — | ||
| Q1 24 | 29.6% | — |
营业利润率OCRBA
| Q4 25 | -10.5% | 14.7% | ||
| Q3 25 | -12.2% | 14.5% | ||
| Q2 25 | 18.4% | 15.9% | ||
| Q1 25 | 16.1% | 17.1% | ||
| Q4 24 | -8.5% | 18.1% | ||
| Q3 24 | 16.7% | 15.6% | ||
| Q2 24 | 16.4% | 18.4% | ||
| Q1 24 | 17.5% | 18.7% |
净利率OCRBA
| Q4 25 | -13.9% | 9.1% | ||
| Q3 25 | -18.4% | 8.7% | ||
| Q2 25 | 13.2% | 9.3% | ||
| Q1 25 | -3.7% | 10.2% | ||
| Q4 24 | -9.1% | 10.4% | ||
| Q3 24 | 10.5% | 7.8% | ||
| Q2 24 | 10.2% | 10.1% | ||
| Q1 24 | 13.0% | 10.1% |
每股收益（稀释后）OCRBA
| Q4 25 | $-3.47 | $0.53 | ||
| Q3 25 | $-5.92 | $0.43 | ||
| Q2 25 | $4.25 | $0.53 | ||
| Q1 25 | $-1.08 | $0.55 | ||
| Q4 24 | $-2.92 | $0.58 | ||
| Q3 24 | $3.65 | $0.36 | ||
| Q2 24 | $3.24 | $0.54 | ||
| Q1 24 | $3.40 | $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 | $345.0M | $531.5M |
| 总债务越低越好 | $4.7B | $2.3B |
| 股东权益账面价值 | $3.9B | $5.6B |
| 总资产 | $13.0B | $12.1B |
| 负债/权益比越低杠杆越低 | 1.22× | 0.42× |
8季度趋势，按日历期对齐
现金及短期投资OCRBA
| Q4 25 | $345.0M | $531.5M | ||
| Q3 25 | $286.0M | $674.7M | ||
| Q2 25 | $230.0M | $710.2M | ||
| Q1 25 | $400.0M | $578.1M | ||
| Q4 24 | $361.0M | $533.9M | ||
| Q3 24 | $499.0M | $650.7M | ||
| Q2 24 | $254.0M | $599.5M | ||
| Q1 24 | $1.3B | $462.8M |
总债务OCRBA
| Q4 25 | $4.7B | $2.3B | ||
| Q3 25 | $4.7B | $2.6B | ||
| Q2 25 | $5.1B | $2.6B | ||
| Q1 25 | $5.0B | $2.6B | ||
| Q4 24 | $5.1B | $2.6B | ||
| Q3 24 | $5.0B | $2.7B | ||
| Q2 24 | $5.0B | $2.8B | ||
| Q1 24 | $2.6B | $2.9B |
股东权益OCRBA
| Q4 25 | $3.9B | $5.6B | ||
| Q3 25 | $4.4B | $5.5B | ||
| Q2 25 | $5.2B | $5.5B | ||
| Q1 25 | $4.9B | $5.3B | ||
| Q4 24 | $5.1B | $5.2B | ||
| Q3 24 | $5.6B | $5.2B | ||
| Q2 24 | $5.5B | $5.2B | ||
| Q1 24 | $5.2B | $5.1B |
总资产OCRBA
| Q4 25 | $13.0B | $12.1B | ||
| Q3 25 | $13.5B | $12.2B | ||
| Q2 25 | $14.5B | $12.2B | ||
| Q1 25 | $14.3B | $11.9B | ||
| Q4 24 | $14.1B | $11.8B | ||
| Q3 24 | $15.1B | $11.9B | ||
| Q2 24 | $15.0B | $12.1B | ||
| Q1 24 | $11.3B | $12.0B |
负债/权益比OCRBA
| Q4 25 | 1.22× | 0.42× | ||
| Q3 25 | 1.06× | 0.47× | ||
| Q2 25 | 0.98× | 0.47× | ||
| Q1 25 | 1.03× | 0.50× | ||
| Q4 24 | 1.01× | 0.50× | ||
| Q3 24 | 0.89× | 0.52× | ||
| Q2 24 | 0.92× | 0.55× | ||
| Q1 24 | 0.51× | 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 | $590.0M | $255.2M |
| 自由现金流经营现金流 - 资本支出 | $333.0M | $186.5M |
| 自由现金流率自由现金流/营收 | 15.5% | 15.5% |
| 资本支出强度资本支出/营收 | 12.0% | 5.7% |
| 现金转化率经营现金流/净利润 | — | 2.33× |
| 过去12个月自由现金流最近4个季度 | $962.0M | $719.2M |
8季度趋势，按日历期对齐
经营现金流OCRBA
| Q4 25 | $590.0M | $255.2M | ||
| Q3 25 | $918.0M | $239.7M | ||
| Q2 25 | $327.0M | $326.5M | ||
| Q1 25 | $-49.0M | $156.8M | ||
| Q4 24 | $676.0M | $184.5M | ||
| Q3 24 | $699.0M | $285.4M | ||
| Q2 24 | $493.0M | $337.3M | ||
| Q1 24 | $24.0M | $124.8M |
自由现金流OCRBA
| Q4 25 | $333.0M | $186.5M | ||
| Q3 25 | $752.0M | $188.5M | ||
| Q2 25 | $129.0M | $241.7M | ||
| Q1 25 | $-252.0M | $102.5M | ||
| Q4 24 | $479.0M | $127.9M | ||
| Q3 24 | $558.0M | $248.5M | ||
| Q2 24 | $336.0M | $308.6M | ||
| Q1 24 | $-128.0M | $79.6M |
自由现金流率OCRBA
| Q4 25 | 15.5% | 15.5% | ||
| Q3 25 | 28.0% | 17.3% | ||
| Q2 25 | 4.7% | 20.4% | ||
| Q1 25 | -10.0% | 9.2% | ||
| Q4 24 | 16.9% | 11.2% | ||
| Q3 24 | 18.3% | 25.3% | ||
| Q2 24 | 12.0% | 28.2% | ||
| Q1 24 | -5.6% | 7.5% |
资本支出强度OCRBA
| Q4 25 | 12.0% | 5.7% | ||
| Q3 25 | 6.2% | 4.7% | ||
| Q2 25 | 7.2% | 7.2% | ||
| Q1 25 | 8.0% | 4.9% | ||
| Q4 24 | 6.9% | 5.0% | ||
| Q3 24 | 4.6% | 3.8% | ||
| Q2 24 | 5.6% | 2.6% | ||
| Q1 24 | 6.6% | 4.2% |
现金转化率OCRBA
| Q4 25 | — | 2.33× | ||
| Q3 25 | — | 2.51× | ||
| Q2 25 | 0.90× | 2.97× | ||
| Q1 25 | — | 1.38× | ||
| Q4 24 | — | 1.56× | ||
| Q3 24 | 2.18× | 3.75× | ||
| Q2 24 | 1.73× | 3.04× | ||
| Q1 24 | 0.08× | 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
OC
| Insulation | $724.0M | 34% |
| Residential | $625.0M | 29% |
| Doors | $427.0M | 20% |
| Discontinued Operations Disposed Of By Sale | $299.0M | 14% |
| Commercial And Industrial Sector | $101.0M | 5% |
RBA
| Buyer Revenue | $577.2M | 48% |
| Seller Revenue | $255.2M | 21% |
| CA | $199.0M | 17% |
| Other | $124.7M | 10% |
| AU | $47.3M | 4% |
