vs
百济神州（ONC）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
百济神州的季度营收约是利氏兄弟拍卖行的1.2倍（$1.5B vs $1.2B），利氏兄弟拍卖行净利率更高（9.1% vs 4.4%，领先4.7%），百济神州同比增速更快（32.8% vs 5.4%），百济神州自由现金流更多（$379.8M vs $186.5M），过去两年百济神州的营收复合增速更高（41.2% vs 6.3%）
BeOne Medicines（原百济神州）是一家跨国肿瘤领域制药企业，专注于癌症治疗创新药物的研发与商业化，致力于为全球癌症患者提供更有效、可及性更高的治疗方案，改善患者的生存质量与预后。
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。
ONC vs RBA — 直观对比
营收规模更大
ONC
是对方的1.2倍
$1.2B
营收增速更快
ONC
高出27.4%
5.4%
净利率更高
RBA
高出4.7%
4.4%
自由现金流更多
ONC
多$193.3M
$186.5M
两年增速更快
ONC
近两年复合增速
6.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.5B | $1.2B |
| 净利润 | $66.5M | $109.7M |
| 毛利率 | 90.5% | — |
| 营业利润率 | 12.4% | 14.7% |
| 净利率 | 4.4% | 9.1% |
| 营收同比 | 32.8% | 5.4% |
| 净利润同比 | 143.8% | -7.4% |
| 每股收益（稀释后） | $0.05 | $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ONCRBA
| Q4 25 | $1.5B | $1.2B | ||
| Q3 25 | $1.4B | $1.1B | ||
| Q2 25 | $1.3B | $1.2B | ||
| Q1 25 | $1.1B | $1.1B | ||
| Q4 24 | $1.1B | $1.1B | ||
| Q3 24 | $1.0B | $981.8M | ||
| Q2 24 | $929.2M | $1.1B | ||
| Q1 24 | $751.7M | $1.1B |
净利润ONCRBA
| Q4 25 | $66.5M | $109.7M | ||
| Q3 25 | $124.8M | $95.5M | ||
| Q2 25 | $94.3M | $109.8M | ||
| Q1 25 | $1.3M | $113.4M | ||
| Q4 24 | $-151.9M | $118.5M | ||
| Q3 24 | $-121.3M | $76.1M | ||
| Q2 24 | $-120.4M | $111.1M | ||
| Q1 24 | $-251.2M | $107.4M |
毛利率ONCRBA
| Q4 25 | 90.5% | — | ||
| Q3 25 | 86.1% | — | ||
| Q2 25 | 87.5% | — | ||
| Q1 25 | 85.2% | — | ||
| Q4 24 | 85.8% | — | ||
| Q3 24 | 83.0% | — | ||
| Q2 24 | 85.1% | — | ||
| Q1 24 | 83.4% | — |
营业利润率ONCRBA
| Q4 25 | 12.4% | 14.7% | ||
| Q3 25 | 11.5% | 14.5% | ||
| Q2 25 | 6.7% | 15.9% | ||
| Q1 25 | 1.0% | 17.1% | ||
| Q4 24 | -7.0% | 18.1% | ||
| Q3 24 | -12.0% | 15.6% | ||
| Q2 24 | -11.5% | 18.4% | ||
| Q1 24 | -34.8% | 18.7% |
净利率ONCRBA
| Q4 25 | 4.4% | 9.1% | ||
| Q3 25 | 8.8% | 8.7% | ||
| Q2 25 | 7.2% | 9.3% | ||
| Q1 25 | 0.1% | 10.2% | ||
| Q4 24 | -13.5% | 10.4% | ||
| Q3 24 | -12.1% | 7.8% | ||
| Q2 24 | -13.0% | 10.1% | ||
| Q1 24 | -33.4% | 10.1% |
每股收益（稀释后）ONCRBA
| Q4 25 | $0.05 | $0.53 | ||
| Q3 25 | $0.08 | $0.43 | ||
| Q2 25 | $0.06 | $0.53 | ||
| Q1 25 | $0.00 | $0.55 | ||
| Q4 24 | $-0.10 | $0.58 | ||
| Q3 24 | $-0.09 | $0.36 | ||
| Q2 24 | $-0.09 | $0.54 | ||
| Q1 24 | $-0.19 | $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 | $4.5B | $531.5M |
| 总债务越低越好 | $836.4M | $2.3B |
| 股东权益账面价值 | $4.4B | $5.6B |
| 总资产 | $8.2B | $12.1B |
| 负债/权益比越低杠杆越低 | 0.19× | 0.42× |
8季度趋势，按日历期对齐
现金及短期投资ONCRBA
| Q4 25 | $4.5B | $531.5M | ||
| Q3 25 | $4.0B | $674.7M | ||
| Q2 25 | $2.8B | $710.2M | ||
| Q1 25 | $2.5B | $578.1M | ||
| Q4 24 | $2.6B | $533.9M | ||
| Q3 24 | $2.7B | $650.7M | ||
| Q2 24 | $2.6B | $599.5M | ||
| Q1 24 | $2.8B | $462.8M |
总债务ONCRBA
| Q4 25 | $836.4M | $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ONCRBA
| Q4 25 | $4.4B | $5.6B | ||
| Q3 25 | $4.1B | $5.5B | ||
| Q2 25 | $3.8B | $5.5B | ||
| Q1 25 | $3.5B | $5.3B | ||
| Q4 24 | $3.3B | $5.2B | ||
| Q3 24 | $3.4B | $5.2B | ||
| Q2 24 | $3.4B | $5.2B | ||
| Q1 24 | $3.4B | $5.1B |
总资产ONCRBA
| Q4 25 | $8.2B | $12.1B | ||
| Q3 25 | $7.6B | $12.2B | ||
| Q2 25 | $6.3B | $12.2B | ||
| Q1 25 | $5.8B | $11.9B | ||
| Q4 24 | $5.9B | $11.8B | ||
| Q3 24 | $5.8B | $11.9B | ||
| Q2 24 | $5.7B | $12.1B | ||
| Q1 24 | $5.7B | $12.0B |
负债/权益比ONCRBA
| Q4 25 | 0.19× | 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 | $417.3M | $255.2M |
| 自由现金流经营现金流 - 资本支出 | $379.8M | $186.5M |
| 自由现金流率自由现金流/营收 | 25.4% | 15.5% |
| 资本支出强度资本支出/营收 | 2.5% | 5.7% |
| 现金转化率经营现金流/净利润 | 6.28× | 2.33× |
| 过去12个月自由现金流最近4个季度 | $941.7M | $719.2M |
8季度趋势，按日历期对齐
经营现金流ONCRBA
| Q4 25 | $417.3M | $255.2M | ||
| Q3 25 | $402.6M | $239.7M | ||
| Q2 25 | $263.6M | $326.5M | ||
| Q1 25 | $44.1M | $156.8M | ||
| Q4 24 | $75.2M | $184.5M | ||
| Q3 24 | $188.4M | $285.4M | ||
| Q2 24 | $-95.6M | $337.3M | ||
| Q1 24 | $-308.6M | $124.8M |
自由现金流ONCRBA
| Q4 25 | $379.8M | $186.5M | ||
| Q3 25 | $354.5M | $188.5M | ||
| Q2 25 | $219.8M | $241.7M | ||
| Q1 25 | $-12.3M | $102.5M | ||
| Q4 24 | $-17.3M | $127.9M | ||
| Q3 24 | $54.7M | $248.5M | ||
| Q2 24 | $-205.5M | $308.6M | ||
| Q1 24 | $-465.1M | $79.6M |
自由现金流率ONCRBA
| Q4 25 | 25.4% | 15.5% | ||
| Q3 25 | 25.1% | 17.3% | ||
| Q2 25 | 16.7% | 20.4% | ||
| Q1 25 | -1.1% | 9.2% | ||
| Q4 24 | -1.5% | 11.2% | ||
| Q3 24 | 5.5% | 25.3% | ||
| Q2 24 | -22.1% | 28.2% | ||
| Q1 24 | -61.9% | 7.5% |
资本支出强度ONCRBA
| Q4 25 | 2.5% | 5.7% | ||
| Q3 25 | 3.4% | 4.7% | ||
| Q2 25 | 3.3% | 7.2% | ||
| Q1 25 | 5.0% | 4.9% | ||
| Q4 24 | 8.2% | 5.0% | ||
| Q3 24 | 13.3% | 3.8% | ||
| Q2 24 | 11.8% | 2.6% | ||
| Q1 24 | 20.8% | 4.2% |
现金转化率ONCRBA
| Q4 25 | 6.28× | 2.33× | ||
| Q3 25 | 3.22× | 2.51× | ||
| Q2 25 | 2.79× | 2.97× | ||
| Q1 25 | 34.71× | 1.38× | ||
| Q4 24 | — | 1.56× | ||
| Q3 24 | — | 3.75× | ||
| Q2 24 | — | 3.04× | ||
| Q1 24 | — | 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
ONC
暂无分部数据
RBA
| Buyer Revenue | $577.2M | 48% |
| Seller Revenue | $255.2M | 21% |
| CA | $199.0M | 17% |
| Other | $124.7M | 10% |
| AU | $47.3M | 4% |
