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利氏兄弟拍卖行（RBA）与思佳讯（SWKS）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思佳讯的1.2倍（$1.2B vs $1.0B），利氏兄弟拍卖行净利率更高（9.1% vs 7.6%，领先1.5%），思佳讯同比增速更快（8.6% vs 5.4%），思佳讯自由现金流更多（$339.0M vs $186.5M），过去两年利氏兄弟拍卖行的营收复合增速更高（6.3% vs -0.5%）
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。
思佳讯是总部位于美国加利福尼亚州尔湾的半导体企业，公司股票在纳斯达克全球精选市场挂牌交易，股票代码为SWKS，同时也是标普500指数的成分股之一，在全球射频半导体领域拥有较高市场地位。
RBA vs SWKS — 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
SWKS
高出3.2%
5.4%
净利率更高
RBA
高出1.5%
7.6%
自由现金流更多
SWKS
多$152.5M
$186.5M
两年增速更快
RBA
近两年复合增速
-0.5%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $1.0B |
| 净利润 | $109.7M | $79.2M |
| 毛利率 | — | 41.3% |
| 营业利润率 | 14.7% | 10.0% |
| 净利率 | 9.1% | 7.6% |
| 营收同比 | 5.4% | 8.6% |
| 净利润同比 | -7.4% | 15.3% |
| 每股收益（稀释后） | $0.53 | $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RBASWKS
| Q1 26 | — | $1.0B | ||
| Q4 25 | $1.2B | $1.1B | ||
| Q3 25 | $1.1B | — | ||
| Q2 25 | $1.2B | $965.0M | ||
| Q1 25 | $1.1B | $953.2M | ||
| Q4 24 | $1.1B | $1.1B | ||
| Q3 24 | $981.8M | $1.0B | ||
| Q2 24 | $1.1B | $905.5M |
净利润RBASWKS
| Q1 26 | — | $79.2M | ||
| Q4 25 | $109.7M | $141.4M | ||
| Q3 25 | $95.5M | — | ||
| Q2 25 | $109.8M | $105.0M | ||
| Q1 25 | $113.4M | $68.7M | ||
| Q4 24 | $118.5M | $162.0M | ||
| Q3 24 | $76.1M | $60.5M | ||
| Q2 24 | $111.1M | $120.9M |
毛利率RBASWKS
| Q1 26 | — | 41.3% | ||
| Q4 25 | — | 40.7% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 41.6% | ||
| Q1 25 | — | 41.1% | ||
| Q4 24 | — | 41.4% | ||
| Q3 24 | — | 41.9% | ||
| Q2 24 | — | 40.2% |
营业利润率RBASWKS
| Q1 26 | — | 10.0% | ||
| Q4 25 | 14.7% | 10.1% | ||
| Q3 25 | 14.5% | — | ||
| Q2 25 | 15.9% | 11.5% | ||
| Q1 25 | 17.1% | 10.2% | ||
| Q4 24 | 18.1% | 16.9% | ||
| Q3 24 | 15.6% | 5.8% | ||
| Q2 24 | 18.4% | 14.4% |
净利率RBASWKS
| Q1 26 | — | 7.6% | ||
| Q4 25 | 9.1% | 12.9% | ||
| Q3 25 | 8.7% | — | ||
| Q2 25 | 9.3% | 10.9% | ||
| Q1 25 | 10.2% | 7.2% | ||
| Q4 24 | 10.4% | 15.2% | ||
| Q3 24 | 7.8% | 5.9% | ||
| Q2 24 | 10.1% | 13.4% |
每股收益（稀释后）RBASWKS
| Q1 26 | — | $0.53 | ||
| Q4 25 | $0.53 | $0.95 | ||
| Q3 25 | $0.43 | — | ||
| Q2 25 | $0.53 | $0.70 | ||
| Q1 25 | $0.55 | $0.43 | ||
| Q4 24 | $0.58 | $1.00 | ||
| Q3 24 | $0.36 | $0.36 | ||
| Q2 24 | $0.54 | $0.75 |
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 | $1.6B |
| 总债务越低越好 | $2.3B | $496.6M |
| 股东权益账面价值 | $5.6B | $5.8B |
| 总资产 | $12.1B | $7.9B |
| 负债/权益比越低杠杆越低 | 0.42× | 0.09× |
8季度趋势，按日历期对齐
现金及短期投资RBASWKS
| Q1 26 | — | $1.6B | ||
| Q4 25 | $531.5M | $1.4B | ||
| Q3 25 | $674.7M | — | ||
| Q2 25 | $710.2M | $1.3B | ||
| Q1 25 | $578.1M | $1.5B | ||
| Q4 24 | $533.9M | $1.7B | ||
| Q3 24 | $650.7M | $1.6B | ||
| Q2 24 | $599.5M | $1.3B |
总债务RBASWKS
| Q1 26 | — | $496.6M | ||
| Q4 25 | $2.3B | $496.4M | ||
| Q3 25 | $2.6B | — | ||
| Q2 25 | $2.6B | $496.2M | ||
| Q1 25 | $2.6B | $995.1M | ||
| Q4 24 | $2.6B | $994.7M | ||
| Q3 24 | $2.7B | $994.3M | ||
| Q2 24 | $2.8B | $994.0M |
股东权益RBASWKS
| Q1 26 | — | $5.8B | ||
| Q4 25 | $5.6B | $5.8B | ||
| Q3 25 | $5.5B | — | ||
| Q2 25 | $5.5B | $5.7B | ||
| Q1 25 | $5.3B | $5.9B | ||
| Q4 24 | $5.2B | $6.4B | ||
| Q3 24 | $5.2B | $6.3B | ||
| Q2 24 | $5.2B | $6.3B |
总资产RBASWKS
| Q1 26 | — | $7.9B | ||
| Q4 25 | $12.1B | $7.9B | ||
| Q3 25 | $12.2B | — | ||
| Q2 25 | $12.2B | $7.7B | ||
| Q1 25 | $11.9B | $7.9B | ||
| Q4 24 | $11.8B | $8.3B | ||
| Q3 24 | $11.9B | $8.3B | ||
| Q2 24 | $12.1B | $8.2B |
负债/权益比RBASWKS
| Q1 26 | — | 0.09× | ||
| Q4 25 | 0.42× | 0.09× | ||
| Q3 25 | 0.47× | — | ||
| Q2 25 | 0.47× | 0.09× | ||
| Q1 25 | 0.50× | 0.17× | ||
| Q4 24 | 0.50× | 0.16× | ||
| Q3 24 | 0.52× | 0.16× | ||
| Q2 24 | 0.55× | 0.16× |
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 | $395.5M |
| 自由现金流经营现金流 - 资本支出 | $186.5M | $339.0M |
| 自由现金流率自由现金流/营收 | 15.5% | 32.7% |
| 资本支出强度资本支出/营收 | 5.7% | 5.5% |
| 现金转化率经营现金流/净利润 | 2.33× | 4.99× |
| 过去12个月自由现金流最近4个季度 | $719.2M | $1.1B |
8季度趋势，按日历期对齐
经营现金流RBASWKS
| Q1 26 | — | $395.5M | ||
| Q4 25 | $255.2M | $200.0M | ||
| Q3 25 | $239.7M | — | ||
| Q2 25 | $326.5M | $314.2M | ||
| Q1 25 | $156.8M | $409.4M | ||
| Q4 24 | $184.5M | $377.2M | ||
| Q3 24 | $285.4M | $476.1M | ||
| Q2 24 | $337.3M | $273.4M |
自由现金流RBASWKS
| Q1 26 | — | $339.0M | ||
| Q4 25 | $186.5M | $144.0M | ||
| Q3 25 | $188.5M | — | ||
| Q2 25 | $241.7M | $252.7M | ||
| Q1 25 | $102.5M | $370.9M | ||
| Q4 24 | $127.9M | $338.2M | ||
| Q3 24 | $248.5M | $393.3M | ||
| Q2 24 | $308.6M | $249.0M |
自由现金流率RBASWKS
| Q1 26 | — | 32.7% | ||
| Q4 25 | 15.5% | 13.1% | ||
| Q3 25 | 17.3% | — | ||
| Q2 25 | 20.4% | 26.2% | ||
| Q1 25 | 9.2% | 38.9% | ||
| Q4 24 | 11.2% | 31.7% | ||
| Q3 24 | 25.3% | 38.4% | ||
| Q2 24 | 28.2% | 27.5% |
资本支出强度RBASWKS
| Q1 26 | — | 5.5% | ||
| Q4 25 | 5.7% | 5.1% | ||
| Q3 25 | 4.7% | — | ||
| Q2 25 | 7.2% | 6.4% | ||
| Q1 25 | 4.9% | 4.0% | ||
| Q4 24 | 5.0% | 3.6% | ||
| Q3 24 | 3.8% | 8.1% | ||
| Q2 24 | 2.6% | 2.7% |
现金转化率RBASWKS
| Q1 26 | — | 4.99× | ||
| Q4 25 | 2.33× | 1.41× | ||
| Q3 25 | 2.51× | — | ||
| Q2 25 | 2.97× | 2.99× | ||
| Q1 25 | 1.38× | 5.96× | ||
| Q4 24 | 1.56× | 2.33× | ||
| Q3 24 | 3.75× | 7.87× | ||
| Q2 24 | 3.04× | 2.26× |
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% |
SWKS
| Sales Channel Through Intermediary | $915.6M | 88% |
| Sales Channel Directly To Consumer | $119.8M | 12% |
