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利氏兄弟拍卖行（RBA）与Rithm Capital Corp.（RITM）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Rithm Capital Corp.的1.5倍（$1.2B vs $828.2M），Rithm Capital Corp.净利率更高（13.2% vs 9.1%，领先4.1%），Rithm Capital Corp.同比增速更快（508.5% vs 5.4%），过去两年利氏兄弟拍卖行的营收复合增速更高（6.3% vs -17.9%）
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。
Rithm Capital Corp.是总部位于美国纽约的投资管理机构，核心业务聚焦房地产投资与另类资产投资，依托专业的投研团队和成熟的市场运营经验，为合作伙伴及投资者提供优质的资产配置解决方案与长期收益回报。
RBA vs RITM — 直观对比
营收规模更大
RBA
是对方的1.5倍
$828.2M
营收增速更快
RITM
高出503.1%
5.4%
净利率更高
RITM
高出4.1%
9.1%
两年增速更快
RBA
近两年复合增速
-17.9%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $828.2M |
| 净利润 | $109.7M | $109.5M |
| 毛利率 | — | — |
| 营业利润率 | 14.7% | 29.9% |
| 净利率 | 9.1% | 13.2% |
| 营收同比 | 5.4% | 508.5% |
| 净利润同比 | -7.4% | 27.7% |
| 每股收益（稀释后） | $0.53 | $0.12 |
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RBARITM
| Q1 26 | — | $828.2M | ||
| Q4 25 | $1.2B | $1.5B | ||
| Q3 25 | $1.1B | $1.1B | ||
| Q2 25 | $1.2B | $1.2B | ||
| Q1 25 | $1.1B | $768.4M | ||
| Q4 24 | $1.1B | $2.1B | ||
| Q3 24 | $981.8M | $619.5M | ||
| Q2 24 | $1.1B | $1.2B |
净利润RBARITM
| Q1 26 | — | $109.5M | ||
| Q4 25 | $109.7M | $85.0M | ||
| Q3 25 | $95.5M | $221.5M | ||
| Q2 25 | $109.8M | $311.7M | ||
| Q1 25 | $113.4M | $78.8M | ||
| Q4 24 | $118.5M | $290.2M | ||
| Q3 24 | $76.1M | $121.7M | ||
| Q2 24 | $111.1M | $235.6M |
营业利润率RBARITM
| Q1 26 | — | 29.9% | ||
| Q4 25 | 14.7% | 13.8% | ||
| Q3 25 | 14.5% | 21.4% | ||
| Q2 25 | 15.9% | 25.2% | ||
| Q1 25 | 17.1% | 7.4% | ||
| Q4 24 | 18.1% | 23.8% | ||
| Q3 24 | 15.6% | 7.3% | ||
| Q2 24 | 18.4% | 23.6% |
净利率RBARITM
| Q1 26 | — | 13.2% | ||
| Q4 25 | 9.1% | 5.7% | ||
| Q3 25 | 8.7% | 20.0% | ||
| Q2 25 | 9.3% | 25.6% | ||
| Q1 25 | 10.2% | 10.3% | ||
| Q4 24 | 10.4% | 14.0% | ||
| Q3 24 | 7.8% | 19.7% | ||
| Q2 24 | 10.1% | 19.2% |
每股收益（稀释后）RBARITM
| Q1 26 | — | $0.12 | ||
| Q4 25 | $0.53 | $0.09 | ||
| Q3 25 | $0.43 | $0.35 | ||
| Q2 25 | $0.53 | $0.53 | ||
| Q1 25 | $0.55 | $0.07 | ||
| Q4 24 | $0.58 | $0.50 | ||
| Q3 24 | $0.36 | $0.20 | ||
| Q2 24 | $0.54 | $0.43 |
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 | — |
| 总债务越低越好 | $2.3B | — |
| 股东权益账面价值 | $5.6B | $9.1B |
| 总资产 | $12.1B | $53.4B |
| 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RBARITM
| Q1 26 | — | — | ||
| Q4 25 | $531.5M | $1.8B | ||
| Q3 25 | $674.7M | $1.6B | ||
| Q2 25 | $710.2M | $1.6B | ||
| Q1 25 | $578.1M | $1.5B | ||
| Q4 24 | $533.9M | $1.5B | ||
| Q3 24 | $650.7M | $1.6B | ||
| Q2 24 | $599.5M | $1.2B |
总债务RBARITM
| Q1 26 | — | — | ||
| Q4 25 | $2.3B | $35.4B | ||
| Q3 25 | $2.6B | $32.2B | ||
| Q2 25 | $2.6B | $31.2B | ||
| Q1 25 | $2.6B | $32.2B | ||
| Q4 24 | $2.6B | $32.6B | ||
| Q3 24 | $2.7B | $29.6B | ||
| Q2 24 | $2.8B | $30.1B |
股东权益RBARITM
| Q1 26 | — | $9.1B | ||
| Q4 25 | $5.6B | $8.4B | ||
| Q3 25 | $5.5B | $8.5B | ||
| Q2 25 | $5.5B | $7.9B | ||
| Q1 25 | $5.3B | $7.8B | ||
| Q4 24 | $5.2B | $7.8B | ||
| Q3 24 | $5.2B | $7.7B | ||
| Q2 24 | $5.2B | $7.3B |
总资产RBARITM
| Q1 26 | — | $53.4B | ||
| Q4 25 | $12.1B | $53.1B | ||
| Q3 25 | $12.2B | $47.2B | ||
| Q2 25 | $12.2B | $44.3B | ||
| Q1 25 | $11.9B | $45.3B | ||
| Q4 24 | $11.8B | $46.0B | ||
| Q3 24 | $11.9B | $42.3B | ||
| Q2 24 | $12.1B | $42.0B |
负债/权益比RBARITM
| Q1 26 | — | — | ||
| Q4 25 | 0.42× | 4.20× | ||
| Q3 25 | 0.47× | 3.79× | ||
| Q2 25 | 0.47× | 3.92× | ||
| Q1 25 | 0.50× | 4.14× | ||
| Q4 24 | 0.50× | 4.18× | ||
| Q3 24 | 0.52× | 3.87× | ||
| Q2 24 | 0.55× | 4.10× |
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 | — |
| 自由现金流经营现金流 - 资本支出 | $186.5M | — |
| 自由现金流率自由现金流/营收 | 15.5% | — |
| 资本支出强度资本支出/营收 | 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 | $719.2M | — |
8季度趋势，按日历期对齐
经营现金流RBARITM
| Q1 26 | — | — | ||
| Q4 25 | $255.2M | $-114.6M | ||
| Q3 25 | $239.7M | $-2.0B | ||
| Q2 25 | $326.5M | $-557.1M | ||
| Q1 25 | $156.8M | $1.4B | ||
| Q4 24 | $184.5M | $-1.8B | ||
| Q3 24 | $285.4M | $768.1M | ||
| Q2 24 | $337.3M | $-55.7M |
自由现金流RBARITM
| Q1 26 | — | — | ||
| Q4 25 | $186.5M | — | ||
| Q3 25 | $188.5M | — | ||
| Q2 25 | $241.7M | — | ||
| Q1 25 | $102.5M | — | ||
| Q4 24 | $127.9M | — | ||
| Q3 24 | $248.5M | — | ||
| Q2 24 | $308.6M | — |
自由现金流率RBARITM
| Q1 26 | — | — | ||
| Q4 25 | 15.5% | — | ||
| Q3 25 | 17.3% | — | ||
| Q2 25 | 20.4% | — | ||
| Q1 25 | 9.2% | — | ||
| Q4 24 | 11.2% | — | ||
| Q3 24 | 25.3% | — | ||
| Q2 24 | 28.2% | — |
资本支出强度RBARITM
| Q1 26 | — | — | ||
| Q4 25 | 5.7% | — | ||
| Q3 25 | 4.7% | — | ||
| Q2 25 | 7.2% | — | ||
| Q1 25 | 4.9% | — | ||
| Q4 24 | 5.0% | — | ||
| Q3 24 | 3.8% | — | ||
| Q2 24 | 2.6% | — |
现金转化率RBARITM
| Q1 26 | — | — | ||
| Q4 25 | 2.33× | -1.35× | ||
| Q3 25 | 2.51× | -9.22× | ||
| Q2 25 | 2.97× | -1.79× | ||
| Q1 25 | 1.38× | 18.03× | ||
| Q4 24 | 1.56× | -6.04× | ||
| Q3 24 | 3.75× | 6.31× | ||
| Q2 24 | 3.04× | -0.24× |
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% |
RITM
| Servicing revenue, net | $375.1M | 45% |
| Other | $234.9M | 28% |
| Gain on originated residential mortgage loans, held-for-sale, net | $195.0M | 24% |
| Other revenue | $23.3M | 3% |
