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利氏兄弟拍卖行（RBA）与Reddit, Inc.（RDDT）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Reddit, Inc.的1.7倍（$1.2B vs $725.6M），Reddit, Inc.净利率更高（34.7% vs 9.1%，领先25.6%），Reddit, Inc.同比增速更快（69.7% vs 5.4%），Reddit, Inc.自由现金流更多（$263.6M vs $186.5M），过去两年Reddit, Inc.的营收复合增速更高（72.8% vs 6.3%）
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。
Reddit是美国知名的社交新闻聚合与论坛类社交媒体平台，注册用户可发布链接、文字帖、图片、视频等各类内容，其他用户可对内容进行点赞或点踩，内容按主题归类到用户创建的子板块中，获赞更高的内容会排在板块前列，热度足够的内容还将展示在全站首页。
RBA vs RDDT — 直观对比
营收规模更大
RBA
是对方的1.7倍
$725.6M
营收增速更快
RDDT
高出64.2%
5.4%
净利率更高
RDDT
高出25.6%
9.1%
自由现金流更多
RDDT
多$77.1M
$186.5M
两年增速更快
RDDT
近两年复合增速
6.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $725.6M |
| 净利润 | $109.7M | $251.6M |
| 毛利率 | — | 91.9% |
| 营业利润率 | 14.7% | 31.9% |
| 净利率 | 9.1% | 34.7% |
| 营收同比 | 5.4% | 69.7% |
| 净利润同比 | -7.4% | 254.2% |
| 每股收益（稀释后） | $0.53 | $1.24 |
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RBARDDT
| Q4 25 | $1.2B | $725.6M | ||
| Q3 25 | $1.1B | $584.9M | ||
| Q2 25 | $1.2B | $499.6M | ||
| Q1 25 | $1.1B | $392.4M | ||
| Q4 24 | $1.1B | $427.7M | ||
| Q3 24 | $981.8M | $348.4M | ||
| Q2 24 | $1.1B | $281.2M | ||
| Q1 24 | $1.1B | $243.0M |
净利润RBARDDT
| Q4 25 | $109.7M | $251.6M | ||
| Q3 25 | $95.5M | $162.7M | ||
| Q2 25 | $109.8M | $89.3M | ||
| Q1 25 | $113.4M | $26.2M | ||
| Q4 24 | $118.5M | $71.0M | ||
| Q3 24 | $76.1M | $29.9M | ||
| Q2 24 | $111.1M | $-10.1M | ||
| Q1 24 | $107.4M | $-575.1M |
毛利率RBARDDT
| Q4 25 | — | 91.9% | ||
| Q3 25 | — | 91.0% | ||
| Q2 25 | — | 90.8% | ||
| Q1 25 | — | 90.5% | ||
| Q4 24 | — | 92.6% | ||
| Q3 24 | — | 90.1% | ||
| Q2 24 | — | 89.5% | ||
| Q1 24 | — | 88.6% |
营业利润率RBARDDT
| Q4 25 | 14.7% | 31.9% | ||
| Q3 25 | 14.5% | 23.7% | ||
| Q2 25 | 15.9% | 13.6% | ||
| Q1 25 | 17.1% | 1.0% | ||
| Q4 24 | 18.1% | 12.4% | ||
| Q3 24 | 15.6% | 2.0% | ||
| Q2 24 | 18.4% | -11.0% | ||
| Q1 24 | 18.7% | -242.5% |
净利率RBARDDT
| Q4 25 | 9.1% | 34.7% | ||
| Q3 25 | 8.7% | 27.8% | ||
| Q2 25 | 9.3% | 17.9% | ||
| Q1 25 | 10.2% | 6.7% | ||
| Q4 24 | 10.4% | 16.6% | ||
| Q3 24 | 7.8% | 8.6% | ||
| Q2 24 | 10.1% | -3.6% | ||
| Q1 24 | 10.1% | -236.7% |
每股收益（稀释后）RBARDDT
| Q4 25 | $0.53 | $1.24 | ||
| Q3 25 | $0.43 | $0.80 | ||
| Q2 25 | $0.53 | $0.45 | ||
| Q1 25 | $0.55 | $0.13 | ||
| Q4 24 | $0.58 | $4.76 | ||
| Q3 24 | $0.36 | $0.16 | ||
| Q2 24 | $0.54 | $-0.06 | ||
| Q1 24 | $0.53 | $-8.19 |
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 | $531.5M | $953.6M |
| 总债务越低越好 | $2.3B | — |
| 股东权益账面价值 | $5.6B | $2.9B |
| 总资产 | $12.1B | $3.2B |
| 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RBARDDT
| Q4 25 | $531.5M | $953.6M | ||
| Q3 25 | $674.7M | $911.7M | ||
| Q2 25 | $710.2M | $734.1M | ||
| Q1 25 | $578.1M | $635.7M | ||
| Q4 24 | $533.9M | $562.1M | ||
| Q3 24 | $650.7M | $515.9M | ||
| Q2 24 | $599.5M | $468.0M | ||
| Q1 24 | $462.8M | $968.5M |
总债务RBARDDT
| 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RBARDDT
| Q4 25 | $5.6B | $2.9B | ||
| Q3 25 | $5.5B | $2.6B | ||
| Q2 25 | $5.5B | $2.4B | ||
| Q1 25 | $5.3B | $2.2B | ||
| Q4 24 | $5.2B | $2.1B | ||
| Q3 24 | $5.2B | $2.0B | ||
| Q2 24 | $5.2B | $1.9B | ||
| Q1 24 | $5.1B | $1.8B |
总资产RBARDDT
| Q4 25 | $12.1B | $3.2B | ||
| Q3 25 | $12.2B | $2.9B | ||
| Q2 25 | $12.2B | $2.6B | ||
| Q1 25 | $11.9B | $2.4B | ||
| Q4 24 | $11.8B | $2.3B | ||
| Q3 24 | $11.9B | $2.2B | ||
| Q2 24 | $12.1B | $2.1B | ||
| Q1 24 | $12.0B | $2.0B |
负债/权益比RBARDDT
| 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 | $255.2M | $266.8M |
| 自由现金流经营现金流 - 资本支出 | $186.5M | $263.6M |
| 自由现金流率自由现金流/营收 | 15.5% | 36.3% |
| 资本支出强度资本支出/营收 | 5.7% | 0.4% |
| 现金转化率经营现金流/净利润 | 2.33× | 1.06× |
| 过去12个月自由现金流最近4个季度 | $719.2M | $684.2M |
8季度趋势，按日历期对齐
经营现金流RBARDDT
| Q4 25 | $255.2M | $266.8M | ||
| Q3 25 | $239.7M | $185.2M | ||
| Q2 25 | $326.5M | $111.3M | ||
| Q1 25 | $156.8M | $127.6M | ||
| Q4 24 | $184.5M | $90.0M | ||
| Q3 24 | $285.4M | $71.6M | ||
| Q2 24 | $337.3M | $28.4M | ||
| Q1 24 | $124.8M | $32.1M |
自由现金流RBARDDT
| Q4 25 | $186.5M | $263.6M | ||
| Q3 25 | $188.5M | $183.1M | ||
| Q2 25 | $241.7M | $110.8M | ||
| Q1 25 | $102.5M | $126.6M | ||
| Q4 24 | $127.9M | $89.2M | ||
| Q3 24 | $248.5M | $70.3M | ||
| Q2 24 | $308.6M | $27.2M | ||
| Q1 24 | $79.6M | $29.2M |
自由现金流率RBARDDT
| Q4 25 | 15.5% | 36.3% | ||
| Q3 25 | 17.3% | 31.3% | ||
| Q2 25 | 20.4% | 22.2% | ||
| Q1 25 | 9.2% | 32.3% | ||
| Q4 24 | 11.2% | 20.8% | ||
| Q3 24 | 25.3% | 20.2% | ||
| Q2 24 | 28.2% | 9.7% | ||
| Q1 24 | 7.5% | 12.0% |
资本支出强度RBARDDT
| Q4 25 | 5.7% | 0.4% | ||
| Q3 25 | 4.7% | 0.4% | ||
| Q2 25 | 7.2% | 0.1% | ||
| Q1 25 | 4.9% | 0.2% | ||
| Q4 24 | 5.0% | 0.2% | ||
| Q3 24 | 3.8% | 0.4% | ||
| Q2 24 | 2.6% | 0.4% | ||
| Q1 24 | 4.2% | 1.2% |
现金转化率RBARDDT
| Q4 25 | 2.33× | 1.06× | ||
| Q3 25 | 2.51× | 1.14× | ||
| Q2 25 | 2.97× | 1.25× | ||
| Q1 25 | 1.38× | 4.88× | ||
| Q4 24 | 1.56× | 1.27× | ||
| Q3 24 | 3.75× | 2.40× | ||
| 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
RBA
| Buyer Revenue | $577.2M | 48% |
| Seller Revenue | $255.2M | 21% |
| CA | $199.0M | 17% |
| Other | $124.7M | 10% |
| AU | $47.3M | 4% |
RDDT
| Advertising | $689.7M | 95% |
| Other Revenue | $35.9M | 5% |
