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Optimum Communications, Inc.（OPTU）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
Optimum Communications, Inc.的季度营收约是利氏兄弟拍卖行的1.8倍（$2.2B vs $1.2B），利氏兄弟拍卖行净利率更高（9.1% vs -3.3%，领先12.4%），利氏兄弟拍卖行同比增速更快（5.4% vs -2.3%），Optimum Communications, Inc.自由现金流更多（$199.4M 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 -1.5%）
Optimum Communications, Inc.是由法籍以色列商人帕特里克·德拉希控股的美国电信运营商，核心业务为数字有线电视与宽带互联网服务，服务覆盖纽约大都会区及美国中西部、南部多个州。截至2017年，该公司在全美21个州共拥有约490万住宅及企业客户，是美国第四大电信企业。
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。
OPTU vs RBA — 直观对比
营收规模更大
OPTU
是对方的1.8倍
$1.2B
营收增速更快
RBA
高出7.7%
-2.3%
净利率更高
RBA
高出12.4%
-3.3%
自由现金流更多
OPTU
多$12.9M
$186.5M
两年增速更快
RBA
近两年复合增速
-1.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.2B | $1.2B |
| 净利润 | $-71.2M | $109.7M |
| 毛利率 | 69.5% | — |
| 营业利润率 | 18.2% | 14.7% |
| 净利率 | -3.3% | 9.1% |
| 营收同比 | -2.3% | 5.4% |
| 净利润同比 | -31.6% | -7.4% |
| 每股收益（稀释后） | $-0.16 | $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OPTURBA
| Q4 25 | $2.2B | $1.2B | ||
| Q3 25 | $2.1B | $1.1B | ||
| Q2 25 | $2.1B | $1.2B | ||
| Q1 25 | $2.2B | $1.1B | ||
| Q4 24 | $2.2B | $1.1B | ||
| Q3 24 | $2.2B | $981.8M | ||
| Q2 24 | $2.2B | $1.1B | ||
| Q1 24 | $2.3B | $1.1B |
净利润OPTURBA
| Q4 25 | $-71.2M | $109.7M | ||
| Q3 25 | $-1.6B | $95.5M | ||
| Q2 25 | $-96.3M | $109.8M | ||
| Q1 25 | $-75.7M | $113.4M | ||
| Q4 24 | $-54.1M | $118.5M | ||
| Q3 24 | $-43.0M | $76.1M | ||
| Q2 24 | $15.4M | $111.1M | ||
| Q1 24 | $-21.2M | $107.4M |
毛利率OPTURBA
| Q4 25 | 69.5% | — | ||
| Q3 25 | 69.7% | — | ||
| Q2 25 | 69.1% | — | ||
| Q1 25 | 68.8% | — | ||
| Q4 24 | 67.7% | — | ||
| Q3 24 | 68.1% | — | ||
| Q2 24 | 67.9% | — | ||
| Q1 24 | 67.0% | — |
营业利润率OPTURBA
| Q4 25 | 18.2% | 14.7% | ||
| Q3 25 | -55.3% | 14.5% | ||
| Q2 25 | 14.5% | 15.9% | ||
| Q1 25 | 16.0% | 17.1% | ||
| Q4 24 | 15.2% | 18.1% | ||
| Q3 24 | 20.0% | 15.6% | ||
| Q2 24 | 22.4% | 18.4% | ||
| Q1 24 | 17.5% | 18.7% |
净利率OPTURBA
| Q4 25 | -3.3% | 9.1% | ||
| Q3 25 | -77.1% | 8.7% | ||
| Q2 25 | -4.5% | 9.3% | ||
| Q1 25 | -3.5% | 10.2% | ||
| Q4 24 | -2.4% | 10.4% | ||
| Q3 24 | -1.9% | 7.8% | ||
| Q2 24 | 0.7% | 10.1% | ||
| Q1 24 | -0.9% | 10.1% |
每股收益（稀释后）OPTURBA
| Q4 25 | $-0.16 | $0.53 | ||
| Q3 25 | $-3.47 | $0.43 | ||
| Q2 25 | $-0.21 | $0.53 | ||
| Q1 25 | $-0.16 | $0.55 | ||
| Q4 24 | $-0.11 | $0.58 | ||
| Q3 24 | $-0.09 | $0.36 | ||
| Q2 24 | $0.03 | $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 | $1.0B | $531.5M |
| 总债务越低越好 | $26.2B | $2.3B |
| 股东权益账面价值 | $-2.3B | $5.6B |
| 总资产 | $30.7B | $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OPTURBA
| Q4 25 | $1.0B | $531.5M | ||
| Q3 25 | $938.8M | $674.7M | ||
| Q2 25 | $247.3M | $710.2M | ||
| Q1 25 | $279.1M | $578.1M | ||
| Q4 24 | $256.5M | $533.9M | ||
| Q3 24 | $250.0M | $650.7M | ||
| Q2 24 | $362.1M | $599.5M | ||
| Q1 24 | $284.4M | $462.8M |
总债务OPTURBA
| Q4 25 | $26.2B | $2.3B | ||
| Q3 25 | $26.2B | $2.6B | ||
| Q2 25 | $25.3B | $2.6B | ||
| Q1 25 | $25.3B | $2.6B | ||
| Q4 24 | $25.1B | $2.6B | ||
| Q3 24 | $25.1B | $2.7B | ||
| Q2 24 | $25.2B | $2.8B | ||
| Q1 24 | $25.1B | $2.9B |
股东权益OPTURBA
| Q4 25 | $-2.3B | $5.6B | ||
| Q3 25 | $-2.2B | $5.5B | ||
| Q2 25 | $-624.1M | $5.5B | ||
| Q1 25 | $-543.0M | $5.3B | ||
| Q4 24 | $-469.2M | $5.2B | ||
| Q3 24 | $-427.1M | $5.2B | ||
| Q2 24 | $-399.1M | $5.2B | ||
| Q1 24 | $-431.2M | $5.1B |
总资产OPTURBA
| Q4 25 | $30.7B | $12.1B | ||
| Q3 25 | $30.7B | $12.2B | ||
| Q2 25 | $31.6B | $12.2B | ||
| Q1 25 | $31.7B | $11.9B | ||
| Q4 24 | $31.7B | $11.8B | ||
| Q3 24 | $31.8B | $11.9B | ||
| Q2 24 | $32.0B | $12.1B | ||
| Q1 24 | $31.9B | $12.0B |
负债/权益比OPTURBA
| 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 | $481.6M | $255.2M |
| 自由现金流经营现金流 - 资本支出 | $199.4M | $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 | 12.9% | 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 | $-118.8M | $719.2M |
8季度趋势，按日历期对齐
经营现金流OPTURBA
| Q4 25 | $481.6M | $255.2M | ||
| Q3 25 | $147.4M | $239.7M | ||
| Q2 25 | $412.0M | $326.5M | ||
| Q1 25 | $187.5M | $156.8M | ||
| Q4 24 | $439.9M | $184.5M | ||
| Q3 24 | $436.0M | $285.4M | ||
| Q2 24 | $306.8M | $337.3M | ||
| Q1 24 | $399.7M | $124.8M |
自由现金流OPTURBA
| Q4 25 | $199.4M | $186.5M | ||
| Q3 25 | $-178.1M | $188.5M | ||
| Q2 25 | $28.4M | $241.7M | ||
| Q1 25 | $-168.6M | $102.5M | ||
| Q4 24 | $49.9M | $127.9M | ||
| Q3 24 | $76.9M | $248.5M | ||
| Q2 24 | $-40.9M | $308.6M | ||
| Q1 24 | $63.6M | $79.6M |
自由现金流率OPTURBA
| Q4 25 | 9.1% | 15.5% | ||
| Q3 25 | -8.4% | 17.3% | ||
| Q2 25 | 1.3% | 20.4% | ||
| Q1 25 | -7.8% | 9.2% | ||
| Q4 24 | 2.2% | 11.2% | ||
| Q3 24 | 3.5% | 25.3% | ||
| Q2 24 | -1.8% | 28.2% | ||
| Q1 24 | 2.8% | 7.5% |
资本支出强度OPTURBA
| Q4 25 | 12.9% | 5.7% | ||
| Q3 25 | 15.4% | 4.7% | ||
| Q2 25 | 17.9% | 7.2% | ||
| Q1 25 | 16.5% | 4.9% | ||
| Q4 24 | 17.5% | 5.0% | ||
| Q3 24 | 16.1% | 3.8% | ||
| Q2 24 | 15.5% | 2.6% | ||
| Q1 24 | 14.9% | 4.2% |
现金转化率OPTURBA
| 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 | 19.97× | 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
OPTU
| Total Residential Revenue | $1.6B | 74% |
| Business Servicesand Wholesale | $401.8M | 18% |
| Telephony | $60.8M | 3% |
| Other | $57.9M | 3% |
| Franchise | $50.0M | 2% |
RBA
| Buyer Revenue | $577.2M | 48% |
| Seller Revenue | $255.2M | 21% |
| CA | $199.0M | 17% |
| Other | $124.7M | 10% |
| AU | $47.3M | 4% |
