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利氏兄弟拍卖行（RBA）与Texas Roadhouse, Inc.（TXRH）财务数据对比。点击上方公司名可切换其他公司
Texas Roadhouse, Inc.的季度营收约是利氏兄弟拍卖行的1.2倍（$1.5B vs $1.2B），利氏兄弟拍卖行净利率更高（9.1% vs 5.8%，领先3.3%），利氏兄弟拍卖行同比增速更快（5.4% vs 3.1%），过去两年Texas Roadhouse, Inc.的营收复合增速更高（12.8% vs 6.3%）
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。
Texas Roadhouse是美国知名牛排连锁餐厅，主打德克萨斯及美国西南部风味餐食，核心产品为各类牛排。品牌总部位于肯塔基州路易斯维尔，旗下还运营另外两个餐饮品牌。截至2025年8月，品牌在美国49个州拥有约800家门店，同时在11个国家开设了70家海外门店。
RBA vs TXRH — 直观对比
营收规模更大
TXRH
是对方的1.2倍
$1.2B
营收增速更快
RBA
高出2.3%
3.1%
净利率更高
RBA
高出3.3%
5.8%
两年增速更快
TXRH
近两年复合增速
6.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $1.5B |
| 净利润 | $109.7M | $86.7M |
| 毛利率 | — | — |
| 营业利润率 | 14.7% | 6.5% |
| 净利率 | 9.1% | 5.8% |
| 营收同比 | 5.4% | 3.1% |
| 净利润同比 | -7.4% | -26.9% |
| 每股收益（稀释后） | $0.53 | $1.29 |
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RBATXRH
| Q4 25 | $1.2B | $1.5B | ||
| Q3 25 | $1.1B | $1.4B | ||
| Q2 25 | $1.2B | $1.4B | ||
| Q1 25 | $1.1B | — | ||
| Q4 24 | $1.1B | $1.4B | ||
| Q3 24 | $981.8M | $1.3B | ||
| Q2 24 | $1.1B | $1.3B | ||
| Q1 24 | $1.1B | $1.3B |
净利润RBATXRH
| Q4 25 | $109.7M | $86.7M | ||
| Q3 25 | $95.5M | $84.9M | ||
| Q2 25 | $109.8M | $116.1M | ||
| Q1 25 | $113.4M | — | ||
| Q4 24 | $118.5M | $118.5M | ||
| Q3 24 | $76.1M | $86.8M | ||
| Q2 24 | $111.1M | $123.1M | ||
| Q1 24 | $107.4M | $116.0M |
营业利润率RBATXRH
| Q4 25 | 14.7% | 6.5% | ||
| Q3 25 | 14.5% | 6.7% | ||
| Q2 25 | 15.9% | 9.3% | ||
| Q1 25 | 17.1% | — | ||
| Q4 24 | 18.1% | 9.6% | ||
| Q3 24 | 15.6% | 8.0% | ||
| Q2 24 | 18.4% | 10.6% | ||
| Q1 24 | 18.7% | 10.1% |
净利率RBATXRH
| Q4 25 | 9.1% | 5.8% | ||
| Q3 25 | 8.7% | 5.9% | ||
| Q2 25 | 9.3% | 8.0% | ||
| Q1 25 | 10.2% | — | ||
| Q4 24 | 10.4% | 8.2% | ||
| Q3 24 | 7.8% | 6.8% | ||
| Q2 24 | 10.1% | 9.2% | ||
| Q1 24 | 10.1% | 8.8% |
每股收益（稀释后）RBATXRH
| Q4 25 | $0.53 | $1.29 | ||
| Q3 25 | $0.43 | $1.25 | ||
| Q2 25 | $0.53 | $1.70 | ||
| Q1 25 | $0.55 | — | ||
| Q4 24 | $0.58 | $1.73 | ||
| Q3 24 | $0.36 | $1.26 | ||
| Q2 24 | $0.54 | $1.79 | ||
| Q1 24 | $0.53 | $1.69 |
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 | $134.7M |
| 总债务越低越好 | $2.3B | — |
| 股东权益账面价值 | $5.6B | $1.5B |
| 总资产 | $12.1B | $3.5B |
| 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RBATXRH
| Q4 25 | $531.5M | $134.7M | ||
| Q3 25 | $674.7M | $108.2M | ||
| Q2 25 | $710.2M | $221.1M | ||
| Q1 25 | $578.1M | — | ||
| Q4 24 | $533.9M | $245.2M | ||
| Q3 24 | $650.7M | $189.2M | ||
| Q2 24 | $599.5M | $197.5M | ||
| Q1 24 | $462.8M | $213.4M |
总债务RBATXRH
| 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RBATXRH
| Q4 25 | $5.6B | $1.5B | ||
| Q3 25 | $5.5B | $1.5B | ||
| Q2 25 | $5.5B | $1.4B | ||
| Q1 25 | $5.3B | — | ||
| Q4 24 | $5.2B | $1.4B | ||
| Q3 24 | $5.2B | $1.3B | ||
| Q2 24 | $5.2B | $1.3B | ||
| Q1 24 | $5.1B | $1.2B |
总资产RBATXRH
| Q4 25 | $12.1B | $3.5B | ||
| Q3 25 | $12.2B | $3.3B | ||
| Q2 25 | $12.2B | $3.2B | ||
| Q1 25 | $11.9B | — | ||
| Q4 24 | $11.8B | $3.2B | ||
| Q3 24 | $11.9B | $2.9B | ||
| Q2 24 | $12.1B | $2.9B | ||
| Q1 24 | $12.0B | $2.8B |
负债/权益比RBATXRH
| 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 | — |
| 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RBATXRH
| Q4 25 | $255.2M | — | ||
| Q3 25 | $239.7M | $143.6M | ||
| Q2 25 | $326.5M | $237.7M | ||
| Q1 25 | $156.8M | — | ||
| Q4 24 | $184.5M | $237.5M | ||
| Q3 24 | $285.4M | $138.7M | ||
| Q2 24 | $337.3M | $133.9M | ||
| Q1 24 | $124.8M | $243.4M |
自由现金流RBATXRH
| Q4 25 | $186.5M | — | ||
| Q3 25 | $188.5M | $14.7M | ||
| Q2 25 | $241.7M | $160.4M | ||
| Q1 25 | $102.5M | — | ||
| Q4 24 | $127.9M | $129.7M | ||
| Q3 24 | $248.5M | $47.7M | ||
| Q2 24 | $308.6M | $56.1M | ||
| Q1 24 | $79.6M | $165.8M |
自由现金流率RBATXRH
| Q4 25 | 15.5% | — | ||
| Q3 25 | 17.3% | 1.0% | ||
| Q2 25 | 20.4% | 11.1% | ||
| Q1 25 | 9.2% | — | ||
| Q4 24 | 11.2% | 9.0% | ||
| Q3 24 | 25.3% | 3.7% | ||
| Q2 24 | 28.2% | 4.2% | ||
| Q1 24 | 7.5% | 12.5% |
资本支出强度RBATXRH
| Q4 25 | 5.7% | — | ||
| Q3 25 | 4.7% | 9.0% | ||
| Q2 25 | 7.2% | 5.3% | ||
| Q1 25 | 4.9% | — | ||
| Q4 24 | 5.0% | 7.5% | ||
| Q3 24 | 3.8% | 7.2% | ||
| Q2 24 | 2.6% | 5.8% | ||
| Q1 24 | 4.2% | 5.9% |
现金转化率RBATXRH
| Q4 25 | 2.33× | — | ||
| Q3 25 | 2.51× | 1.69× | ||
| Q2 25 | 2.97× | 2.05× | ||
| Q1 25 | 1.38× | — | ||
| Q4 24 | 1.56× | 2.00× | ||
| Q3 24 | 3.75× | 1.60× | ||
| Q2 24 | 3.04× | 1.09× | ||
| Q1 24 | 1.16× | 2.10× |
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% |
TXRH
| Food And Beverage | $1.5B | 99% |
| Texas Roadhouse Segment | $21.2M | 1% |
| Franchise | $8.2M | 1% |
| Franchise Royalty | $7.4M | 0% |
| Bubba S33Segment | $2.3M | 0% |
