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利氏兄弟拍卖行（RBA）与SCANSOURCE, INC.（SCSC）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SCANSOURCE, INC.的1.6倍（$1.2B vs $766.5M），利氏兄弟拍卖行净利率更高（9.1% vs 2.2%，领先7.0%），利氏兄弟拍卖行同比增速更快（5.4% vs 2.5%），利氏兄弟拍卖行自由现金流更多（$186.5M vs $28.9M），过去两年利氏兄弟拍卖行的营收复合增速更高（6.3% vs 0.9%）
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。
ScanSource是全球领先的专业技术分销商，主营销售点系统、条码扫描设备、网络安全产品、云服务及通信解决方案，面向北美、拉美、欧洲的增值经销商、服务提供商及企业客户，覆盖零售、医疗、工业、公共部门等领域。
RBA vs SCSC — 直观对比
营收规模更大
RBA
是对方的1.6倍
$766.5M
营收增速更快
RBA
高出2.9%
2.5%
净利率更高
RBA
高出7.0%
2.2%
自由现金流更多
RBA
多$157.6M
$28.9M
两年增速更快
RBA
近两年复合增速
0.9%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $766.5M |
| 净利润 | $109.7M | $16.5M |
| 毛利率 | — | 13.4% |
| 营业利润率 | 14.7% | 2.3% |
| 净利率 | 9.1% | 2.2% |
| 营收同比 | 5.4% | 2.5% |
| 净利润同比 | -7.4% | -3.3% |
| 每股收益（稀释后） | $0.53 | $0.75 |
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RBASCSC
| Q4 25 | $1.2B | $766.5M | ||
| Q3 25 | $1.1B | $739.6M | ||
| Q2 25 | $1.2B | $812.9M | ||
| Q1 25 | $1.1B | $704.8M | ||
| Q4 24 | $1.1B | $747.5M | ||
| Q3 24 | $981.8M | $775.6M | ||
| Q2 24 | $1.1B | $746.1M | ||
| Q1 24 | $1.1B | $752.6M |
净利润RBASCSC
| Q4 25 | $109.7M | $16.5M | ||
| Q3 25 | $95.5M | $19.9M | ||
| Q2 25 | $109.8M | $20.1M | ||
| Q1 25 | $113.4M | $17.4M | ||
| Q4 24 | $118.5M | $17.1M | ||
| Q3 24 | $76.1M | $17.0M | ||
| Q2 24 | $111.1M | $16.1M | ||
| Q1 24 | $107.4M | $12.8M |
毛利率RBASCSC
| Q4 25 | — | 13.4% | ||
| Q3 25 | — | 14.5% | ||
| Q2 25 | — | 12.9% | ||
| Q1 25 | — | 14.2% | ||
| Q4 24 | — | 13.6% | ||
| Q3 24 | — | 13.1% | ||
| Q2 24 | — | 13.0% | ||
| Q1 24 | — | 12.6% |
营业利润率RBASCSC
| Q4 25 | 14.7% | 2.3% | ||
| Q3 25 | 14.5% | 3.5% | ||
| Q2 25 | 15.9% | 3.3% | ||
| Q1 25 | 17.1% | 3.2% | ||
| Q4 24 | 18.1% | 2.5% | ||
| Q3 24 | 15.6% | 2.3% | ||
| Q2 24 | 18.4% | 2.9% | ||
| Q1 24 | 18.7% | 2.3% |
净利率RBASCSC
| Q4 25 | 9.1% | 2.2% | ||
| Q3 25 | 8.7% | 2.7% | ||
| Q2 25 | 9.3% | 2.5% | ||
| Q1 25 | 10.2% | 2.5% | ||
| Q4 24 | 10.4% | 2.3% | ||
| Q3 24 | 7.8% | 2.2% | ||
| Q2 24 | 10.1% | 2.2% | ||
| Q1 24 | 10.1% | 1.7% |
每股收益（稀释后）RBASCSC
| Q4 25 | $0.53 | $0.75 | ||
| Q3 25 | $0.43 | $0.89 | ||
| Q2 25 | $0.53 | $0.87 | ||
| Q1 25 | $0.55 | $0.74 | ||
| Q4 24 | $0.58 | $0.70 | ||
| Q3 24 | $0.36 | $0.69 | ||
| Q2 24 | $0.54 | $0.66 | ||
| Q1 24 | $0.53 | $0.50 |
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 | $83.5M |
| 总债务越低越好 | $2.3B | — |
| 股东权益账面价值 | $5.6B | $910.9M |
| 总资产 | $12.1B | $1.7B |
| 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RBASCSC
| Q4 25 | $531.5M | $83.5M | ||
| Q3 25 | $674.7M | $124.9M | ||
| Q2 25 | $710.2M | $126.2M | ||
| Q1 25 | $578.1M | $146.3M | ||
| Q4 24 | $533.9M | $110.5M | ||
| Q3 24 | $650.7M | $145.0M | ||
| Q2 24 | $599.5M | $185.5M | ||
| Q1 24 | $462.8M | $159.1M |
总债务RBASCSC
| 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RBASCSC
| Q4 25 | $5.6B | $910.9M | ||
| Q3 25 | $5.5B | $914.0M | ||
| Q2 25 | $5.5B | $906.4M | ||
| Q1 25 | $5.3B | $901.7M | ||
| Q4 24 | $5.2B | $900.7M | ||
| Q3 24 | $5.2B | $920.9M | ||
| Q2 24 | $5.2B | $924.3M | ||
| Q1 24 | $5.1B | $944.1M |
总资产RBASCSC
| Q4 25 | $12.1B | $1.7B | ||
| Q3 25 | $12.2B | $1.7B | ||
| Q2 25 | $12.2B | $1.8B | ||
| Q1 25 | $11.9B | $1.7B | ||
| Q4 24 | $11.8B | $1.7B | ||
| Q3 24 | $11.9B | $1.8B | ||
| Q2 24 | $12.1B | $1.8B | ||
| Q1 24 | $12.0B | $1.8B |
负债/权益比RBASCSC
| 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 | $30.8M |
| 自由现金流经营现金流 - 资本支出 | $186.5M | $28.9M |
| 自由现金流率自由现金流/营收 | 15.5% | 3.8% |
| 资本支出强度资本支出/营收 | 5.7% | 0.3% |
| 现金转化率经营现金流/净利润 | 2.33× | 1.87× |
| 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RBASCSC
| Q4 25 | $255.2M | $30.8M | ||
| Q3 25 | $239.7M | $23.2M | ||
| Q2 25 | $326.5M | — | ||
| Q1 25 | $156.8M | $66.1M | ||
| Q4 24 | $184.5M | $-6.2M | ||
| Q3 24 | $285.4M | $44.8M | ||
| Q2 24 | $337.3M | — | ||
| Q1 24 | $124.8M | $160.2M |
自由现金流RBASCSC
| Q4 25 | $186.5M | $28.9M | ||
| Q3 25 | $188.5M | $20.8M | ||
| Q2 25 | $241.7M | — | ||
| Q1 25 | $102.5M | $64.6M | ||
| Q4 24 | $127.9M | $-8.2M | ||
| Q3 24 | $248.5M | $42.5M | ||
| Q2 24 | $308.6M | — | ||
| Q1 24 | $79.6M | $157.7M |
自由现金流率RBASCSC
| Q4 25 | 15.5% | 3.8% | ||
| Q3 25 | 17.3% | 2.8% | ||
| Q2 25 | 20.4% | — | ||
| Q1 25 | 9.2% | 9.2% | ||
| Q4 24 | 11.2% | -1.1% | ||
| Q3 24 | 25.3% | 5.5% | ||
| Q2 24 | 28.2% | — | ||
| Q1 24 | 7.5% | 21.0% |
资本支出强度RBASCSC
| Q4 25 | 5.7% | 0.3% | ||
| Q3 25 | 4.7% | 0.3% | ||
| Q2 25 | 7.2% | 0.3% | ||
| Q1 25 | 4.9% | 0.2% | ||
| Q4 24 | 5.0% | 0.3% | ||
| Q3 24 | 3.8% | 0.3% | ||
| Q2 24 | 2.6% | 0.2% | ||
| Q1 24 | 4.2% | 0.3% |
现金转化率RBASCSC
| Q4 25 | 2.33× | 1.87× | ||
| Q3 25 | 2.51× | 1.17× | ||
| Q2 25 | 2.97× | — | ||
| Q1 25 | 1.38× | 3.79× | ||
| Q4 24 | 1.56× | -0.36× | ||
| Q3 24 | 3.75× | 2.64× | ||
| Q2 24 | 3.04× | — | ||
| Q1 24 | 1.16× | 12.51× |
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% |
SCSC
| Products And Services | $723.4M | 94% |
| Intelisys Advisory | $25.0M | 3% |
| Recurring Revenue | $18.2M | 2% |
