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利氏兄弟拍卖行（RBA）与携程集团（TCOM）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携程集团的4.0倍（$1.2B vs $304.6M）。携程集团净利率更高（27.8% vs 9.1%，领先18.7%）
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。
携程集团是总部位于中国上海的跨国旅行服务企业，为全球最大的在线旅行服务提供商，业务覆盖机票预订、酒店预订、度假产品、商旅管理等领域，面向全球用户提供一站式旅行综合服务。
RBA vs TCOM — 直观对比
营收规模更大
RBA
是对方的4.0倍
$304.6M
净利率更高
TCOM
高出18.7%
9.1%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $304.6M |
| 净利润 | $109.7M | $84.6M |
| 毛利率 | — | 78.8% |
| 营业利润率 | 14.7% | 16.5% |
| 净利率 | 9.1% | 27.8% |
| 营收同比 | 5.4% | — |
| 净利润同比 | -7.4% | — |
| 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RBATCOM
| Q4 25 | $1.2B | $304.6M | ||
| Q3 25 | $1.1B | — | ||
| Q2 25 | $1.2B | — | ||
| Q1 25 | $1.1B | — | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $981.8M | — | ||
| Q2 24 | $1.1B | $242.7M | ||
| Q1 24 | $1.1B | — |
净利润RBATCOM
| Q4 25 | $109.7M | $84.6M | ||
| Q3 25 | $95.5M | — | ||
| Q2 25 | $109.8M | — | ||
| Q1 25 | $113.4M | — | ||
| Q4 24 | $118.5M | — | ||
| Q3 24 | $76.1M | — | ||
| Q2 24 | $111.1M | $73.8M | ||
| Q1 24 | $107.4M | — |
毛利率RBATCOM
| Q4 25 | — | 78.8% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 81.8% | ||
| Q1 24 | — | — |
营业利润率RBATCOM
| Q4 25 | 14.7% | 16.5% | ||
| Q3 25 | 14.5% | — | ||
| Q2 25 | 15.9% | — | ||
| Q1 25 | 17.1% | — | ||
| Q4 24 | 18.1% | — | ||
| Q3 24 | 15.6% | — | ||
| Q2 24 | 18.4% | 27.8% | ||
| Q1 24 | 18.7% | — |
净利率RBATCOM
| Q4 25 | 9.1% | 27.8% | ||
| Q3 25 | 8.7% | — | ||
| Q2 25 | 9.3% | — | ||
| Q1 25 | 10.2% | — | ||
| Q4 24 | 10.4% | — | ||
| Q3 24 | 7.8% | — | ||
| Q2 24 | 10.1% | 30.4% | ||
| Q1 24 | 10.1% | — |
每股收益（稀释后）RBATCOM
| Q4 25 | $0.53 | $0.12 | ||
| Q3 25 | $0.43 | — | ||
| Q2 25 | $0.53 | — | ||
| Q1 25 | $0.55 | — | ||
| Q4 24 | $0.58 | — | ||
| Q3 24 | $0.36 | — | ||
| Q2 24 | $0.54 | $0.11 | ||
| Q1 24 | $0.53 | — |
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 | $10.8B |
| 总债务越低越好 | $2.3B | $4.2B |
| 股东权益账面价值 | $5.6B | $23.8B |
| 总资产 | $12.1B | $36.9B |
| 负债/权益比越低杠杆越低 | 0.42× | 0.18× |
8季度趋势，按日历期对齐
现金及短期投资RBATCOM
| Q4 25 | $531.5M | $10.8B | ||
| Q3 25 | $674.7M | — | ||
| Q2 25 | $710.2M | — | ||
| Q1 25 | $578.1M | — | ||
| Q4 24 | $533.9M | — | ||
| Q3 24 | $650.7M | — | ||
| Q2 24 | $599.5M | $12.4B | ||
| Q1 24 | $462.8M | — |
总债务RBATCOM
| Q4 25 | $2.3B | $4.2B | ||
| Q3 25 | $2.6B | — | ||
| Q2 25 | $2.6B | — | ||
| Q1 25 | $2.6B | — | ||
| Q4 24 | $2.6B | — | ||
| Q3 24 | $2.7B | — | ||
| Q2 24 | $2.8B | $8.2B | ||
| Q1 24 | $2.9B | — |
股东权益RBATCOM
| Q4 25 | $5.6B | $23.8B | ||
| Q3 25 | $5.5B | — | ||
| Q2 25 | $5.5B | — | ||
| Q1 25 | $5.3B | — | ||
| Q4 24 | $5.2B | — | ||
| Q3 24 | $5.2B | — | ||
| Q2 24 | $5.2B | $18.1B | ||
| Q1 24 | $5.1B | — |
总资产RBATCOM
| Q4 25 | $12.1B | $36.9B | ||
| Q3 25 | $12.2B | — | ||
| Q2 25 | $12.2B | — | ||
| Q1 25 | $11.9B | — | ||
| Q4 24 | $11.8B | — | ||
| Q3 24 | $11.9B | — | ||
| Q2 24 | $12.1B | $34.2B | ||
| Q1 24 | $12.0B | — |
负债/权益比RBATCOM
| Q4 25 | 0.42× | 0.18× | ||
| Q3 25 | 0.47× | — | ||
| Q2 25 | 0.47× | — | ||
| Q1 25 | 0.50× | — | ||
| Q4 24 | 0.50× | — | ||
| Q3 24 | 0.52× | — | ||
| Q2 24 | 0.55× | 0.45× | ||
| 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 | — |
| 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RBATCOM
| Q4 25 | $255.2M | — | ||
| Q3 25 | $239.7M | — | ||
| Q2 25 | $326.5M | — | ||
| Q1 25 | $156.8M | — | ||
| Q4 24 | $184.5M | — | ||
| Q3 24 | $285.4M | — | ||
| Q2 24 | $337.3M | — | ||
| Q1 24 | $124.8M | — |
自由现金流RBATCOM
| 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 | — | ||
| Q1 24 | $79.6M | — |
自由现金流率RBATCOM
| 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% | — | ||
| Q1 24 | 7.5% | — |
资本支出强度RBATCOM
| 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% | — | ||
| Q1 24 | 4.2% | — |
现金转化率RBATCOM
| Q4 25 | 2.33× | — | ||
| Q3 25 | 2.51× | — | ||
| Q2 25 | 2.97× | — | ||
| Q1 25 | 1.38× | — | ||
| Q4 24 | 1.56× | — | ||
| Q3 24 | 3.75× | — | ||
| 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% |
TCOM
暂无分部数据
