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PTC Inc.（PTC）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PTC Inc.的1.8倍（$1.2B vs $685.8M），PTC Inc.净利率更高（24.3% vs 9.1%，领先15.2%），PTC Inc.同比增速更快（21.4% vs 5.4%），PTC Inc.自由现金流更多（$267.4M vs $186.5M），过去两年PTC Inc.的营收复合增速更高（6.6% vs 6.3%）
PTC是1985年成立的美国计算机软件与服务企业，总部位于马萨诸塞州波士顿。公司1988年率先推出参数化关联特征驱动的三维CAD建模软件，1998年发布基于互联网的产品生命周期管理（PLM）产品，目前面向合作伙伴与开发者提供物联网、增强现实（AR）平台及相关产品服务。
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。
PTC vs RBA — 直观对比
营收规模更大
RBA
是对方的1.8倍
$685.8M
营收增速更快
PTC
高出15.9%
5.4%
净利率更高
PTC
高出15.2%
9.1%
自由现金流更多
PTC
多$80.9M
$186.5M
两年增速更快
PTC
近两年复合增速
6.3%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $685.8M | $1.2B |
| 净利润 | $166.5M | $109.7M |
| 毛利率 | 82.8% | — |
| 营业利润率 | 32.2% | 14.7% |
| 净利率 | 24.3% | 9.1% |
| 营收同比 | 21.4% | 5.4% |
| 净利润同比 | 102.5% | -7.4% |
| 每股收益（稀释后） | $1.39 | $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PTCRBA
| Q4 25 | $685.8M | $1.2B | ||
| Q3 25 | $893.8M | $1.1B | ||
| Q2 25 | $643.9M | $1.2B | ||
| Q1 25 | $636.4M | $1.1B | ||
| Q4 24 | $565.1M | $1.1B | ||
| Q3 24 | $626.5M | $981.8M | ||
| Q2 24 | $518.6M | $1.1B | ||
| Q1 24 | $603.1M | $1.1B |
净利润PTCRBA
| Q4 25 | $166.5M | $109.7M | ||
| Q3 25 | $347.8M | $95.5M | ||
| Q2 25 | $141.3M | $109.8M | ||
| Q1 25 | $162.6M | $113.4M | ||
| Q4 24 | $82.2M | $118.5M | ||
| Q3 24 | $126.5M | $76.1M | ||
| Q2 24 | $69.0M | $111.1M | ||
| Q1 24 | $114.4M | $107.4M |
毛利率PTCRBA
| Q4 25 | 82.8% | — | ||
| Q3 25 | 86.9% | — | ||
| Q2 25 | 82.9% | — | ||
| Q1 25 | 83.3% | — | ||
| Q4 24 | 80.2% | — | ||
| Q3 24 | 82.0% | — | ||
| Q2 24 | 78.4% | — | ||
| Q1 24 | 81.8% | — |
营业利润率PTCRBA
| Q4 25 | 32.2% | 14.7% | ||
| Q3 25 | 48.5% | 14.5% | ||
| Q2 25 | 32.6% | 15.9% | ||
| Q1 25 | 35.1% | 17.1% | ||
| Q4 24 | 20.4% | 18.1% | ||
| Q3 24 | 31.0% | 15.6% | ||
| Q2 24 | 18.5% | 18.4% | ||
| Q1 24 | 29.8% | 18.7% |
净利率PTCRBA
| Q4 25 | 24.3% | 9.1% | ||
| Q3 25 | 38.9% | 8.7% | ||
| Q2 25 | 21.9% | 9.3% | ||
| Q1 25 | 25.6% | 10.2% | ||
| Q4 24 | 14.6% | 10.4% | ||
| Q3 24 | 20.2% | 7.8% | ||
| Q2 24 | 13.3% | 10.1% | ||
| Q1 24 | 19.0% | 10.1% |
每股收益（稀释后）PTCRBA
| Q4 25 | $1.39 | $0.53 | ||
| Q3 25 | $2.88 | $0.43 | ||
| Q2 25 | $1.17 | $0.53 | ||
| Q1 25 | $1.35 | $0.55 | ||
| Q4 24 | $0.68 | $0.58 | ||
| Q3 24 | $1.05 | $0.36 | ||
| Q2 24 | $0.57 | $0.54 | ||
| Q1 24 | $0.95 | $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 | $209.7M | $531.5M |
| 总债务越低越好 | $1.2B | $2.3B |
| 股东权益账面价值 | $3.8B | $5.6B |
| 总资产 | $6.4B | $12.1B |
| 负债/权益比越低杠杆越低 | 0.31× | 0.42× |
8季度趋势，按日历期对齐
现金及短期投资PTCRBA
| Q4 25 | $209.7M | $531.5M | ||
| Q3 25 | $184.4M | $674.7M | ||
| Q2 25 | $199.3M | $710.2M | ||
| Q1 25 | $235.2M | $578.1M | ||
| Q4 24 | $196.3M | $533.9M | ||
| Q3 24 | $265.8M | $650.7M | ||
| Q2 24 | $247.7M | $599.5M | ||
| Q1 24 | $249.0M | $462.8M |
总债务PTCRBA
| Q4 25 | $1.2B | $2.3B | ||
| Q3 25 | $1.2B | $2.6B | ||
| Q2 25 | $1.2B | $2.6B | ||
| Q1 25 | $1.4B | $2.6B | ||
| Q4 24 | $1.0B | $2.6B | ||
| Q3 24 | $1.2B | $2.7B | ||
| Q2 24 | $1.3B | $2.8B | ||
| Q1 24 | $1.5B | $2.9B |
股东权益PTCRBA
| Q4 25 | $3.8B | $5.6B | ||
| Q3 25 | $3.8B | $5.5B | ||
| Q2 25 | $3.5B | $5.5B | ||
| Q1 25 | $3.4B | $5.3B | ||
| Q4 24 | $3.2B | $5.2B | ||
| Q3 24 | $3.2B | $5.2B | ||
| Q2 24 | $3.0B | $5.2B | ||
| Q1 24 | $2.9B | $5.1B |
总资产PTCRBA
| Q4 25 | $6.4B | $12.1B | ||
| Q3 25 | $6.6B | $12.2B | ||
| Q2 25 | $6.2B | $12.2B | ||
| Q1 25 | $6.2B | $11.9B | ||
| Q4 24 | $6.1B | $11.8B | ||
| Q3 24 | $6.4B | $11.9B | ||
| Q2 24 | $6.1B | $12.1B | ||
| Q1 24 | $6.2B | $12.0B |
负债/权益比PTCRBA
| Q4 25 | 0.31× | 0.42× | ||
| Q3 25 | 0.31× | 0.47× | ||
| Q2 25 | 0.34× | 0.47× | ||
| Q1 25 | 0.40× | 0.50× | ||
| Q4 24 | 0.32× | 0.50× | ||
| Q3 24 | 0.38× | 0.52× | ||
| Q2 24 | 0.43× | 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 | $269.7M | $255.2M |
| 自由现金流经营现金流 - 资本支出 | $267.4M | $186.5M |
| 自由现金流率自由现金流/营收 | 39.0% | 15.5% |
| 资本支出强度资本支出/营收 | 0.3% | 5.7% |
| 现金转化率经营现金流/净利润 | 1.62× | 2.33× |
| 过去12个月自由现金流最近4个季度 | $888.4M | $719.2M |
8季度趋势，按日历期对齐
经营现金流PTCRBA
| Q4 25 | $269.7M | $255.2M | ||
| Q3 25 | $104.0M | $239.7M | ||
| Q2 25 | $243.9M | $326.5M | ||
| Q1 25 | $281.3M | $156.8M | ||
| Q4 24 | $238.4M | $184.5M | ||
| Q3 24 | $98.1M | $285.4M | ||
| Q2 24 | $213.8M | $337.3M | ||
| Q1 24 | $250.7M | $124.8M |
自由现金流PTCRBA
| Q4 25 | $267.4M | $186.5M | ||
| Q3 25 | $100.5M | $188.5M | ||
| Q2 25 | $242.0M | $241.7M | ||
| Q1 25 | $278.5M | $102.5M | ||
| Q4 24 | $235.7M | $127.9M | ||
| Q3 24 | $93.6M | $248.5M | ||
| Q2 24 | $212.2M | $308.6M | ||
| Q1 24 | $247.1M | $79.6M |
自由现金流率PTCRBA
| Q4 25 | 39.0% | 15.5% | ||
| Q3 25 | 11.2% | 17.3% | ||
| Q2 25 | 37.6% | 20.4% | ||
| Q1 25 | 43.8% | 9.2% | ||
| Q4 24 | 41.7% | 11.2% | ||
| Q3 24 | 14.9% | 25.3% | ||
| Q2 24 | 40.9% | 28.2% | ||
| Q1 24 | 41.0% | 7.5% |
资本支出强度PTCRBA
| Q4 25 | 0.3% | 5.7% | ||
| Q3 25 | 0.4% | 4.7% | ||
| Q2 25 | 0.3% | 7.2% | ||
| Q1 25 | 0.4% | 4.9% | ||
| Q4 24 | 0.5% | 5.0% | ||
| Q3 24 | 0.7% | 3.8% | ||
| Q2 24 | 0.3% | 2.6% | ||
| Q1 24 | 0.6% | 4.2% |
现金转化率PTCRBA
| Q4 25 | 1.62× | 2.33× | ||
| Q3 25 | 0.30× | 2.51× | ||
| Q2 25 | 1.73× | 2.97× | ||
| Q1 25 | 1.73× | 1.38× | ||
| Q4 24 | 2.90× | 1.56× | ||
| Q3 24 | 0.78× | 3.75× | ||
| Q2 24 | 3.10× | 3.04× | ||
| Q1 24 | 2.19× | 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
PTC
| Support And Cloud Services | $393.3M | 57% |
| License | $269.7M | 39% |
| Technology Service | $22.9M | 3% |
| Perpetual License | $5.6M | 1% |
RBA
| Buyer Revenue | $577.2M | 48% |
| Seller Revenue | $255.2M | 21% |
| CA | $199.0M | 17% |
| Other | $124.7M | 10% |
| AU | $47.3M | 4% |
