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利氏兄弟拍卖行（RBA）与越洋钻探（RIG）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越洋钻探的1.2倍（$1.2B vs $1.0B），利氏兄弟拍卖行净利率更高（9.1% vs 2.4%，领先6.7%），越洋钻探同比增速更快（9.6% vs 5.4%），越洋钻探自由现金流更多（$321.0M vs $186.5M），过去两年越洋钻探的营收复合增速更高（16.9% 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。
越洋钻探（Transocean Ltd.）是按营收计全球规模最大的海上钻探承包商，总部位于瑞士施泰因豪森，起源于美国，目前在加拿大、美国、挪威、英国、印度、巴西、新加坡等20个国家设有办事机构，业务覆盖全球主要海上油气开采区域。
RBA vs RIG — 直观对比
营收规模更大
RBA
是对方的1.2倍
$1.0B
营收增速更快
RIG
高出4.1%
5.4%
净利率更高
RBA
高出6.7%
2.4%
自由现金流更多
RIG
多$134.5M
$186.5M
两年增速更快
RIG
近两年复合增速
6.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $1.0B |
| 净利润 | $109.7M | $25.0M |
| 毛利率 | — | 42.0% |
| 营业利润率 | 14.7% | 23.0% |
| 净利率 | 9.1% | 2.4% |
| 营收同比 | 5.4% | 9.6% |
| 净利润同比 | -7.4% | 257.1% |
| 每股收益（稀释后） | $0.53 | $0.13 |
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RBARIG
| Q4 25 | $1.2B | $1.0B | ||
| Q3 25 | $1.1B | $1.0B | ||
| Q2 25 | $1.2B | $988.0M | ||
| Q1 25 | $1.1B | $906.0M | ||
| Q4 24 | $1.1B | $952.0M | ||
| Q3 24 | $981.8M | $948.0M | ||
| Q2 24 | $1.1B | $861.0M | ||
| Q1 24 | $1.1B | $763.0M |
净利润RBARIG
| Q4 25 | $109.7M | $25.0M | ||
| Q3 25 | $95.5M | $-1.9B | ||
| Q2 25 | $109.8M | $-938.0M | ||
| Q1 25 | $113.4M | $-79.0M | ||
| Q4 24 | $118.5M | $7.0M | ||
| Q3 24 | $76.1M | $-494.0M | ||
| Q2 24 | $111.1M | $-123.0M | ||
| Q1 24 | $107.4M | $98.0M |
毛利率RBARIG
| Q4 25 | — | 42.0% | ||
| Q3 25 | — | 43.2% | ||
| Q2 25 | — | 39.4% | ||
| Q1 25 | — | 31.8% | ||
| Q4 24 | — | 39.2% | ||
| Q3 24 | — | 40.6% | ||
| Q2 24 | — | 38.0% | ||
| Q1 24 | — | 31.5% |
营业利润率RBARIG
| Q4 25 | 14.7% | 23.0% | ||
| Q3 25 | 14.5% | -163.1% | ||
| Q2 25 | 15.9% | -97.6% | ||
| Q1 25 | 17.1% | 7.1% | ||
| Q4 24 | 18.1% | 13.7% | ||
| Q3 24 | 15.6% | -51.2% | ||
| Q2 24 | 18.4% | -6.9% | ||
| Q1 24 | 18.7% | -0.4% |
净利率RBARIG
| Q4 25 | 9.1% | 2.4% | ||
| Q3 25 | 8.7% | -187.1% | ||
| Q2 25 | 9.3% | -94.9% | ||
| Q1 25 | 10.2% | -8.7% | ||
| Q4 24 | 10.4% | 0.7% | ||
| Q3 24 | 7.8% | -52.1% | ||
| Q2 24 | 10.1% | -14.3% | ||
| Q1 24 | 10.1% | 12.8% |
每股收益（稀释后）RBARIG
| Q4 25 | $0.53 | $0.13 | ||
| Q3 25 | $0.43 | $-2.00 | ||
| Q2 25 | $0.53 | $-1.06 | ||
| Q1 25 | $0.55 | $-0.11 | ||
| Q4 24 | $0.58 | $-0.14 | ||
| Q3 24 | $0.36 | $-0.58 | ||
| Q2 24 | $0.54 | $-0.15 | ||
| Q1 24 | $0.53 | $0.11 |
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 | $620.0M |
| 总债务越低越好 | $2.3B | $5.2B |
| 股东权益账面价值 | $5.6B | $8.1B |
| 总资产 | $12.1B | $15.6B |
| 负债/权益比越低杠杆越低 | 0.42× | 0.64× |
8季度趋势，按日历期对齐
现金及短期投资RBARIG
| Q4 25 | $531.5M | $620.0M | ||
| Q3 25 | $674.7M | $833.0M | ||
| Q2 25 | $710.2M | $377.0M | ||
| Q1 25 | $578.1M | $263.0M | ||
| Q4 24 | $533.9M | $560.0M | ||
| Q3 24 | $650.7M | $435.0M | ||
| Q2 24 | $599.5M | $475.0M | ||
| Q1 24 | $462.8M | $446.0M |
总债务RBARIG
| Q4 25 | $2.3B | $5.2B | ||
| Q3 25 | $2.6B | $4.8B | ||
| Q2 25 | $2.6B | $5.9B | ||
| Q1 25 | $2.6B | $5.9B | ||
| Q4 24 | $2.6B | $6.2B | ||
| Q3 24 | $2.7B | $6.5B | ||
| Q2 24 | $2.8B | $6.8B | ||
| Q1 24 | $2.9B | $6.8B |
股东权益RBARIG
| Q4 25 | $5.6B | $8.1B | ||
| Q3 25 | $5.5B | $8.1B | ||
| Q2 25 | $5.5B | $9.4B | ||
| Q1 25 | $5.3B | $10.2B | ||
| Q4 24 | $5.2B | $10.3B | ||
| Q3 24 | $5.2B | $10.2B | ||
| Q2 24 | $5.2B | $10.7B | ||
| Q1 24 | $5.1B | $10.5B |
总资产RBARIG
| Q4 25 | $12.1B | $15.6B | ||
| Q3 25 | $12.2B | $16.2B | ||
| Q2 25 | $12.2B | $17.8B | ||
| Q1 25 | $11.9B | $19.0B | ||
| Q4 24 | $11.8B | $19.4B | ||
| Q3 24 | $11.9B | $19.5B | ||
| Q2 24 | $12.1B | $20.3B | ||
| Q1 24 | $12.0B | $19.9B |
负债/权益比RBARIG
| Q4 25 | 0.42× | 0.64× | ||
| Q3 25 | 0.47× | 0.60× | ||
| Q2 25 | 0.47× | 0.63× | ||
| Q1 25 | 0.50× | 0.58× | ||
| Q4 24 | 0.50× | 0.60× | ||
| Q3 24 | 0.52× | 0.64× | ||
| Q2 24 | 0.55× | 0.63× | ||
| Q1 24 | 0.58× | 0.65× |
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 | $349.0M |
| 自由现金流经营现金流 - 资本支出 | $186.5M | $321.0M |
| 自由现金流率自由现金流/营收 | 15.5% | 30.8% |
| 资本支出强度资本支出/营收 | 5.7% | 2.7% |
| 现金转化率经营现金流/净利润 | 2.33× | 13.96× |
| 过去12个月自由现金流最近4个季度 | $719.2M | $626.0M |
8季度趋势，按日历期对齐
经营现金流RBARIG
| Q4 25 | $255.2M | $349.0M | ||
| Q3 25 | $239.7M | $246.0M | ||
| Q2 25 | $326.5M | $128.0M | ||
| Q1 25 | $156.8M | $26.0M | ||
| Q4 24 | $184.5M | $206.0M | ||
| Q3 24 | $285.4M | $194.0M | ||
| Q2 24 | $337.3M | $133.0M | ||
| Q1 24 | $124.8M | $-86.0M |
自由现金流RBARIG
| Q4 25 | $186.5M | $321.0M | ||
| Q3 25 | $188.5M | $235.0M | ||
| Q2 25 | $241.7M | $104.0M | ||
| Q1 25 | $102.5M | $-34.0M | ||
| Q4 24 | $127.9M | $177.0M | ||
| Q3 24 | $248.5M | $136.0M | ||
| Q2 24 | $308.6M | $49.0M | ||
| Q1 24 | $79.6M | $-169.0M |
自由现金流率RBARIG
| Q4 25 | 15.5% | 30.8% | ||
| Q3 25 | 17.3% | 22.9% | ||
| Q2 25 | 20.4% | 10.5% | ||
| Q1 25 | 9.2% | -3.8% | ||
| Q4 24 | 11.2% | 18.6% | ||
| Q3 24 | 25.3% | 14.3% | ||
| Q2 24 | 28.2% | 5.7% | ||
| Q1 24 | 7.5% | -22.1% |
资本支出强度RBARIG
| Q4 25 | 5.7% | 2.7% | ||
| Q3 25 | 4.7% | 1.1% | ||
| Q2 25 | 7.2% | 2.4% | ||
| Q1 25 | 4.9% | 6.6% | ||
| Q4 24 | 5.0% | 3.0% | ||
| Q3 24 | 3.8% | 6.1% | ||
| Q2 24 | 2.6% | 9.8% | ||
| Q1 24 | 4.2% | 10.9% |
现金转化率RBARIG
| Q4 25 | 2.33× | 13.96× | ||
| Q3 25 | 2.51× | — | ||
| Q2 25 | 2.97× | — | ||
| Q1 25 | 1.38× | — | ||
| Q4 24 | 1.56× | 29.43× | ||
| Q3 24 | 3.75× | — | ||
| Q2 24 | 3.04× | — | ||
| Q1 24 | 1.16× | -0.88× |
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% |
RIG
| Ultra Deepwater Floaters | $433.0M | 42% |
| BR | $236.0M | 23% |
| Other Geographical | $211.0M | 20% |
| Harsh Environment Floaters | $163.0M | 16% |
