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Opendoor Technologies Inc.（OPEN）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Opendoor Technologies Inc.的1.6倍（$1.2B vs $736.0M），利氏兄弟拍卖行净利率更高（9.1% vs -148.9%，领先158.0%），利氏兄弟拍卖行同比增速更快（5.4% vs -32.1%），利氏兄弟拍卖行自由现金流更多（$186.5M vs $67.0M），过去两年利氏兄弟拍卖行的营收复合增速更高（6.3% vs -21.1%）
Opendoor Technologies Inc.是一家主营住宅房地产买卖的线上企业，总部位于旧金山。平台可通过线上流程向房主提供房屋即时现金报价，收购房产后进行修缮再重新挂牌出售，同时还提供基于移动端应用的购房服务及配套融资方案，截至2021年11月业务覆盖美国44个区域市场。
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。
OPEN vs RBA — 直观对比
营收规模更大
RBA
是对方的1.6倍
$736.0M
营收增速更快
RBA
高出37.5%
-32.1%
净利率更高
RBA
高出158.0%
-148.9%
自由现金流更多
RBA
多$119.5M
$67.0M
两年增速更快
RBA
近两年复合增速
-21.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $736.0M | $1.2B |
| 净利润 | $-1.1B | $109.7M |
| 毛利率 | 7.7% | — |
| 营业利润率 | -20.4% | 14.7% |
| 净利率 | -148.9% | 9.1% |
| 营收同比 | -32.1% | 5.4% |
| 净利润同比 | -869.9% | -7.4% |
| 每股收益（稀释后） | $-1.42 | $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OPENRBA
| Q4 25 | $736.0M | $1.2B | ||
| Q3 25 | $915.0M | $1.1B | ||
| Q2 25 | $1.6B | $1.2B | ||
| Q1 25 | $1.2B | $1.1B | ||
| Q4 24 | $1.1B | $1.1B | ||
| Q3 24 | $1.4B | $981.8M | ||
| Q2 24 | $1.5B | $1.1B | ||
| Q1 24 | $1.2B | $1.1B |
净利润OPENRBA
| Q4 25 | $-1.1B | $109.7M | ||
| Q3 25 | $-90.0M | $95.5M | ||
| Q2 25 | $-29.0M | $109.8M | ||
| Q1 25 | $-85.0M | $113.4M | ||
| Q4 24 | $-113.0M | $118.5M | ||
| Q3 24 | $-78.0M | $76.1M | ||
| Q2 24 | $-92.0M | $111.1M | ||
| Q1 24 | $-109.0M | $107.4M |
毛利率OPENRBA
| Q4 25 | 7.7% | — | ||
| Q3 25 | 7.2% | — | ||
| Q2 25 | 8.2% | — | ||
| Q1 25 | 8.6% | — | ||
| Q4 24 | 7.8% | — | ||
| Q3 24 | 7.6% | — | ||
| Q2 24 | 8.5% | — | ||
| Q1 24 | 9.7% | — |
营业利润率OPENRBA
| Q4 25 | -20.4% | 14.7% | ||
| Q3 25 | -7.4% | 14.5% | ||
| Q2 25 | -0.8% | 15.9% | ||
| Q1 25 | -4.9% | 17.1% | ||
| Q4 24 | -8.7% | 18.1% | ||
| Q3 24 | -4.9% | 15.6% | ||
| Q2 24 | -4.8% | 18.4% | ||
| Q1 24 | -7.4% | 18.7% |
净利率OPENRBA
| Q4 25 | -148.9% | 9.1% | ||
| Q3 25 | -9.8% | 8.7% | ||
| Q2 25 | -1.9% | 9.3% | ||
| Q1 25 | -7.4% | 10.2% | ||
| Q4 24 | -10.4% | 10.4% | ||
| Q3 24 | -5.7% | 7.8% | ||
| Q2 24 | -6.1% | 10.1% | ||
| Q1 24 | -9.2% | 10.1% |
每股收益（稀释后）OPENRBA
| Q4 25 | $-1.42 | $0.53 | ||
| Q3 25 | $-0.12 | $0.43 | ||
| Q2 25 | $-0.04 | $0.53 | ||
| Q1 25 | $-0.12 | $0.55 | ||
| Q4 24 | $-0.16 | $0.58 | ||
| Q3 24 | $-0.11 | $0.36 | ||
| Q2 24 | $-0.13 | $0.54 | ||
| Q1 24 | $-0.16 | $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 | $962.0M | $531.5M |
| 总债务越低越好 | — | $2.3B |
| 股东权益账面价值 | $1.0B | $5.6B |
| 总资产 | $2.4B | $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OPENRBA
| Q4 25 | $962.0M | $531.5M | ||
| Q3 25 | $962.0M | $674.7M | ||
| Q2 25 | $789.0M | $710.2M | ||
| Q1 25 | $559.0M | $578.1M | ||
| Q4 24 | $679.0M | $533.9M | ||
| Q3 24 | $837.0M | $650.7M | ||
| Q2 24 | $809.0M | $599.5M | ||
| Q1 24 | $990.0M | $462.8M |
总债务OPENRBA
| 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OPENRBA
| Q4 25 | $1.0B | $5.6B | ||
| Q3 25 | $811.0M | $5.5B | ||
| Q2 25 | $631.0M | $5.5B | ||
| Q1 25 | $645.0M | $5.3B | ||
| Q4 24 | $713.0M | $5.2B | ||
| Q3 24 | $801.0M | $5.2B | ||
| Q2 24 | $845.0M | $5.2B | ||
| Q1 24 | $899.0M | $5.1B |
总资产OPENRBA
| Q4 25 | $2.4B | $12.1B | ||
| Q3 25 | $2.7B | $12.2B | ||
| Q2 25 | $2.9B | $12.2B | ||
| Q1 25 | $3.3B | $11.9B | ||
| Q4 24 | $3.1B | $11.8B | ||
| Q3 24 | $3.4B | $11.9B | ||
| Q2 24 | $3.4B | $12.1B | ||
| Q1 24 | $3.4B | $12.0B |
负债/权益比OPENRBA
| 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 | $70.0M | $255.2M |
| 自由现金流经营现金流 - 资本支出 | $67.0M | $186.5M |
| 自由现金流率自由现金流/营收 | 9.1% | 15.5% |
| 资本支出强度资本支出/营收 | 0.4% | 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 | $1.0B | $719.2M |
8季度趋势，按日历期对齐
经营现金流OPENRBA
| Q4 25 | $70.0M | $255.2M | ||
| Q3 25 | $435.0M | $239.7M | ||
| Q2 25 | $823.0M | $326.5M | ||
| Q1 25 | $-279.0M | $156.8M | ||
| Q4 24 | $-80.0M | $184.5M | ||
| Q3 24 | $62.0M | $285.4M | ||
| Q2 24 | $-399.0M | $337.3M | ||
| Q1 24 | $-178.0M | $124.8M |
自由现金流OPENRBA
| Q4 25 | $67.0M | $186.5M | ||
| Q3 25 | $432.0M | $188.5M | ||
| Q2 25 | $821.0M | $241.7M | ||
| Q1 25 | $-283.0M | $102.5M | ||
| Q4 24 | $-83.0M | $127.9M | ||
| Q3 24 | $56.0M | $248.5M | ||
| Q2 24 | $-407.0M | $308.6M | ||
| Q1 24 | $-186.0M | $79.6M |
自由现金流率OPENRBA
| Q4 25 | 9.1% | 15.5% | ||
| Q3 25 | 47.2% | 17.3% | ||
| Q2 25 | 52.4% | 20.4% | ||
| Q1 25 | -24.5% | 9.2% | ||
| Q4 24 | -7.7% | 11.2% | ||
| Q3 24 | 4.1% | 25.3% | ||
| Q2 24 | -26.9% | 28.2% | ||
| Q1 24 | -15.7% | 7.5% |
资本支出强度OPENRBA
| Q4 25 | 0.4% | 5.7% | ||
| Q3 25 | 0.3% | 4.7% | ||
| Q2 25 | 0.1% | 7.2% | ||
| Q1 25 | 0.3% | 4.9% | ||
| Q4 24 | 0.3% | 5.0% | ||
| Q3 24 | 0.4% | 3.8% | ||
| Q2 24 | 0.5% | 2.6% | ||
| Q1 24 | 0.7% | 4.2% |
现金转化率OPENRBA
| Q4 25 | — | 2.33× | ||
| Q3 25 | — | 2.51× | ||
| Q2 25 | — | 2.97× | ||
| Q1 25 | — | 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
OPEN
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% |
