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利氏兄弟拍卖行（RBA）与Toast, Inc.（TOST）财务数据对比。点击上方公司名可切换其他公司
Toast, Inc.的季度营收约是利氏兄弟拍卖行的1.3倍（$1.6B vs $1.2B），利氏兄弟拍卖行净利率更高（11.0% vs 6.2%，领先4.8%），Toast, Inc.同比增速更快（22.0% vs 11.4%），过去两年Toast, Inc.的营收复合增速更高（23.3% vs 6.1%）
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。
Toast, Inc.是总部位于美国马萨诸塞州波士顿的云餐饮管理软件企业，主打基于安卓操作系统研发的一体化销售点（POS）系统，可为餐饮商家提供涵盖收银、订单管理等在内的全场景门店经营解决方案。
RBA vs TOST — 直观对比
营收规模更大
TOST
是对方的1.3倍
$1.2B
营收增速更快
TOST
高出10.7%
11.4%
净利率更高
RBA
高出4.8%
6.2%
两年增速更快
TOST
近两年复合增速
6.1%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $1.6B |
| 净利润 | $135.6M | $101.0M |
| 毛利率 | — | 25.9% |
| 营业利润率 | 17.6% | 5.2% |
| 净利率 | 11.0% | 6.2% |
| 营收同比 | 11.4% | 22.0% |
| 净利润同比 | 19.7% | 215.6% |
| 每股收益（稀释后） | $0.66 | $0.18 |
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RBATOST
| Q1 26 | $1.2B | — | ||
| Q4 25 | $1.2B | $1.6B | ||
| Q3 25 | $1.1B | $1.6B | ||
| Q2 25 | $1.2B | $1.6B | ||
| Q1 25 | $1.1B | $1.3B | ||
| Q4 24 | $1.1B | $1.3B | ||
| Q3 24 | $981.8M | $1.3B | ||
| Q2 24 | $1.1B | $1.2B |
净利润RBATOST
| Q1 26 | $135.6M | — | ||
| Q4 25 | $109.7M | $101.0M | ||
| Q3 25 | $95.5M | $105.0M | ||
| Q2 25 | $109.8M | $80.0M | ||
| Q1 25 | $113.4M | $56.0M | ||
| Q4 24 | $118.5M | $32.0M | ||
| Q3 24 | $76.1M | $56.0M | ||
| Q2 24 | $111.1M | $14.0M |
毛利率RBATOST
| Q1 26 | — | — | ||
| Q4 25 | — | 25.9% | ||
| Q3 25 | — | 26.5% | ||
| Q2 25 | — | 25.3% | ||
| Q1 25 | — | 25.9% | ||
| Q4 24 | — | 24.9% | ||
| Q3 24 | — | 24.7% | ||
| Q2 24 | — | 23.0% |
营业利润率RBATOST
| Q1 26 | 17.6% | — | ||
| Q4 25 | 14.7% | 5.2% | ||
| Q3 25 | 14.5% | 5.1% | ||
| Q2 25 | 15.9% | 5.2% | ||
| Q1 25 | 17.1% | 3.2% | ||
| Q4 24 | 18.1% | 2.5% | ||
| Q3 24 | 15.6% | 2.6% | ||
| Q2 24 | 18.4% | 0.4% |
净利率RBATOST
| Q1 26 | 11.0% | — | ||
| Q4 25 | 9.1% | 6.2% | ||
| Q3 25 | 8.7% | 6.4% | ||
| Q2 25 | 9.3% | 5.2% | ||
| Q1 25 | 10.2% | 4.2% | ||
| Q4 24 | 10.4% | 2.4% | ||
| Q3 24 | 7.8% | 4.3% | ||
| Q2 24 | 10.1% | 1.1% |
每股收益（稀释后）RBATOST
| Q1 26 | $0.66 | — | ||
| Q4 25 | $0.53 | $0.18 | ||
| Q3 25 | $0.43 | $0.16 | ||
| Q2 25 | $0.53 | $0.13 | ||
| Q1 25 | $0.55 | $0.09 | ||
| Q4 24 | $0.58 | $0.09 | ||
| Q3 24 | $0.36 | $0.07 | ||
| Q2 24 | $0.54 | $0.02 |
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 | $667.2M | $1.4B |
| 总债务越低越好 | $2.6B | — |
| 股东权益账面价值 | $5.6B | $2.1B |
| 总资产 | $12.4B | $3.1B |
| 负债/权益比越低杠杆越低 | 0.45× | — |
8季度趋势，按日历期对齐
现金及短期投资RBATOST
| Q1 26 | $667.2M | — | ||
| Q4 25 | $531.5M | $1.4B | ||
| Q3 25 | $674.7M | $1.4B | ||
| Q2 25 | $710.2M | $1.2B | ||
| Q1 25 | $578.1M | $1.0B | ||
| Q4 24 | $533.9M | $903.0M | ||
| Q3 24 | $650.7M | $761.0M | ||
| Q2 24 | $599.5M | $691.0M |
总债务RBATOST
| Q1 26 | $2.6B | — | ||
| 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 | — |
股东权益RBATOST
| Q1 26 | $5.6B | — | ||
| Q4 25 | $5.6B | $2.1B | ||
| Q3 25 | $5.5B | $2.0B | ||
| Q2 25 | $5.5B | $1.8B | ||
| Q1 25 | $5.3B | $1.7B | ||
| Q4 24 | $5.2B | $1.5B | ||
| Q3 24 | $5.2B | $1.4B | ||
| Q2 24 | $5.2B | $1.3B |
总资产RBATOST
| Q1 26 | $12.4B | — | ||
| Q4 25 | $12.1B | $3.1B | ||
| Q3 25 | $12.2B | $3.0B | ||
| Q2 25 | $12.2B | $2.8B | ||
| Q1 25 | $11.9B | $2.6B | ||
| Q4 24 | $11.8B | $2.4B | ||
| Q3 24 | $11.9B | $2.2B | ||
| Q2 24 | $12.1B | $2.2B |
负债/权益比RBATOST
| Q1 26 | 0.45× | — | ||
| 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× | — |
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 | $224.1M | $194.0M |
| 自由现金流经营现金流 - 资本支出 | — | $178.0M |
| 自由现金流率自由现金流/营收 | — | 10.9% |
| 资本支出强度资本支出/营收 | — | 1.0% |
| 现金转化率经营现金流/净利润 | 1.65× | 1.92× |
| 过去12个月自由现金流最近4个季度 | — | $608.0M |
8季度趋势，按日历期对齐
经营现金流RBATOST
| Q1 26 | $224.1M | — | ||
| Q4 25 | $255.2M | $194.0M | ||
| Q3 25 | $239.7M | $165.0M | ||
| Q2 25 | $326.5M | $223.0M | ||
| Q1 25 | $156.8M | $79.0M | ||
| Q4 24 | $184.5M | $147.0M | ||
| Q3 24 | $285.4M | $109.0M | ||
| Q2 24 | $337.3M | $124.0M |
自由现金流RBATOST
| Q1 26 | — | — | ||
| Q4 25 | $186.5M | $178.0M | ||
| Q3 25 | $188.5M | $153.0M | ||
| Q2 25 | $241.7M | $208.0M | ||
| Q1 25 | $102.5M | $69.0M | ||
| Q4 24 | $127.9M | $134.0M | ||
| Q3 24 | $248.5M | $97.0M | ||
| Q2 24 | $308.6M | $108.0M |
自由现金流率RBATOST
| Q1 26 | — | — | ||
| Q4 25 | 15.5% | 10.9% | ||
| Q3 25 | 17.3% | 9.4% | ||
| Q2 25 | 20.4% | 13.4% | ||
| Q1 25 | 9.2% | 5.2% | ||
| Q4 24 | 11.2% | 10.0% | ||
| Q3 24 | 25.3% | 7.4% | ||
| Q2 24 | 28.2% | 8.7% |
资本支出强度RBATOST
| Q1 26 | — | — | ||
| Q4 25 | 5.7% | 1.0% | ||
| Q3 25 | 4.7% | 0.7% | ||
| Q2 25 | 7.2% | 1.0% | ||
| Q1 25 | 4.9% | 0.7% | ||
| Q4 24 | 5.0% | 1.0% | ||
| Q3 24 | 3.8% | 0.9% | ||
| Q2 24 | 2.6% | 1.3% |
现金转化率RBATOST
| Q1 26 | 1.65× | — | ||
| Q4 25 | 2.33× | 1.92× | ||
| Q3 25 | 2.51× | 1.57× | ||
| Q2 25 | 2.97× | 2.79× | ||
| Q1 25 | 1.38× | 1.41× | ||
| Q4 24 | 1.56× | 4.59× | ||
| Q3 24 | 3.75× | 1.95× | ||
| Q2 24 | 3.04× | 8.86× |
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
| Transactional buyer revenue | $577.5M | 47% |
| Inventory sales revenue | $336.9M | 27% |
| Transactional seller revenue | $241.3M | 20% |
| Marketplace services revenue | $78.9M | 6% |
TOST
| Technology Service | $1.3B | 82% |
| License | $256.0M | 16% |
| Product And Professional Services | $43.0M | 3% |
