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利氏兄弟拍卖行（RBA）与Williams-Sonoma, Inc.（WSM）财务数据对比。点击上方公司名可切换其他公司
Williams-Sonoma, Inc.的季度营收约是利氏兄弟拍卖行的1.6倍（$1.9B vs $1.2B），Williams-Sonoma, Inc.净利率更高（12.8% vs 9.1%，领先3.7%），利氏兄弟拍卖行同比增速更快（5.4% vs 4.6%），Williams-Sonoma, Inc.自由现金流更多（$248.1M 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 -9.1%）
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。
Williams-Sonoma, Inc.是美国知名家居零售企业，1956年由查尔斯·E·威廉姆斯创立，主营高品质炊具、家居家电、家居软装等多元品类产品，在家居消费领域拥有广泛的用户基础与较高的市场认可度。
RBA vs WSM — 直观对比
营收规模更大
WSM
是对方的1.6倍
$1.2B
营收增速更快
RBA
高出0.9%
4.6%
净利率更高
WSM
高出3.7%
9.1%
自由现金流更多
WSM
多$61.6M
$186.5M
两年增速更快
RBA
近两年复合增速
-9.1%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $1.9B |
| 净利润 | $109.7M | $241.6M |
| 毛利率 | — | 46.1% |
| 营业利润率 | 14.7% | 17.0% |
| 净利率 | 9.1% | 12.8% |
| 营收同比 | 5.4% | 4.6% |
| 净利润同比 | -7.4% | -3.0% |
| 每股收益（稀释后） | $0.53 | $1.96 |
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RBAWSM
| Q4 25 | $1.2B | $1.9B | ||
| Q3 25 | $1.1B | $1.8B | ||
| Q2 25 | $1.2B | $1.7B | ||
| Q1 25 | $1.1B | $2.5B | ||
| Q4 24 | $1.1B | $1.8B | ||
| Q3 24 | $981.8M | $1.8B | ||
| Q2 24 | $1.1B | $1.7B | ||
| Q1 24 | $1.1B | $2.3B |
净利润RBAWSM
| Q4 25 | $109.7M | $241.6M | ||
| Q3 25 | $95.5M | $247.6M | ||
| Q2 25 | $109.8M | $231.3M | ||
| Q1 25 | $113.4M | $384.9M | ||
| Q4 24 | $118.5M | $249.0M | ||
| Q3 24 | $76.1M | $225.7M | ||
| Q2 24 | $111.1M | $265.7M | ||
| Q1 24 | $107.4M | $354.4M |
毛利率RBAWSM
| Q4 25 | — | 46.1% | ||
| Q3 25 | — | 47.1% | ||
| Q2 25 | — | 44.3% | ||
| Q1 25 | — | 45.2% | ||
| Q4 24 | — | 46.7% | ||
| Q3 24 | — | 46.2% | ||
| Q2 24 | — | 48.3% | ||
| Q1 24 | — | 46.0% |
营业利润率RBAWSM
| Q4 25 | 14.7% | 17.0% | ||
| Q3 25 | 14.5% | 17.9% | ||
| Q2 25 | 15.9% | 16.8% | ||
| Q1 25 | 17.1% | 20.1% | ||
| Q4 24 | 18.1% | 17.8% | ||
| Q3 24 | 15.6% | 16.2% | ||
| Q2 24 | 18.4% | 19.5% | ||
| Q1 24 | 18.7% | 20.1% |
净利率RBAWSM
| Q4 25 | 9.1% | 12.8% | ||
| Q3 25 | 8.7% | 13.5% | ||
| Q2 25 | 9.3% | 13.4% | ||
| Q1 25 | 10.2% | 15.6% | ||
| Q4 24 | 10.4% | 13.8% | ||
| Q3 24 | 7.8% | 12.6% | ||
| Q2 24 | 10.1% | 16.0% | ||
| Q1 24 | 10.1% | 15.6% |
每股收益（稀释后）RBAWSM
| Q4 25 | $0.53 | $1.96 | ||
| Q3 25 | $0.43 | $2.00 | ||
| Q2 25 | $0.53 | $1.85 | ||
| Q1 25 | $0.55 | $1.02 | ||
| Q4 24 | $0.58 | $1.96 | ||
| Q3 24 | $0.36 | $1.74 | ||
| Q2 24 | $0.54 | $4.07 | ||
| Q1 24 | $0.53 | $5.42 |
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 | $884.7M |
| 总债务越低越好 | $2.3B | — |
| 股东权益账面价值 | $5.6B | $2.1B |
| 总资产 | $12.1B | $5.3B |
| 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RBAWSM
| Q4 25 | $531.5M | $884.7M | ||
| Q3 25 | $674.7M | $985.8M | ||
| Q2 25 | $710.2M | $1.0B | ||
| Q1 25 | $578.1M | $1.2B | ||
| Q4 24 | $533.9M | $826.8M | ||
| Q3 24 | $650.7M | $1.3B | ||
| Q2 24 | $599.5M | $1.3B | ||
| Q1 24 | $462.8M | $1.3B |
总债务RBAWSM
| 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RBAWSM
| Q4 25 | $5.6B | $2.1B | ||
| Q3 25 | $5.5B | $2.1B | ||
| Q2 25 | $5.5B | $2.2B | ||
| Q1 25 | $5.3B | $2.1B | ||
| Q4 24 | $5.2B | $1.9B | ||
| Q3 24 | $5.2B | $2.3B | ||
| Q2 24 | $5.2B | $2.2B | ||
| Q1 24 | $5.1B | $2.1B |
总资产RBAWSM
| Q4 25 | $12.1B | $5.3B | ||
| Q3 25 | $12.2B | $5.2B | ||
| Q2 25 | $12.2B | $5.2B | ||
| Q1 25 | $11.9B | $5.3B | ||
| Q4 24 | $11.8B | $5.0B | ||
| Q3 24 | $11.9B | $5.2B | ||
| Q2 24 | $12.1B | $5.2B | ||
| Q1 24 | $12.0B | $5.3B |
负债/权益比RBAWSM
| 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 | $316.3M |
| 自由现金流经营现金流 - 资本支出 | $186.5M | $248.1M |
| 自由现金流率自由现金流/营收 | 15.5% | 13.2% |
| 资本支出强度资本支出/营收 | 5.7% | 3.6% |
| 现金转化率经营现金流/净利润 | 2.33× | 1.31× |
| 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RBAWSM
| Q4 25 | $255.2M | $316.3M | ||
| Q3 25 | $239.7M | $282.7M | ||
| Q2 25 | $326.5M | $118.9M | ||
| Q1 25 | $156.8M | $633.5M | ||
| Q4 24 | $184.5M | $253.5M | ||
| Q3 24 | $285.4M | $246.5M | ||
| Q2 24 | $337.3M | $226.8M | ||
| Q1 24 | $124.8M | $674.9M |
自由现金流RBAWSM
| Q4 25 | $186.5M | $248.1M | ||
| Q3 25 | $188.5M | $230.7M | ||
| Q2 25 | $241.7M | $60.7M | ||
| Q1 25 | $102.5M | $566.3M | ||
| Q4 24 | $127.9M | $170.1M | ||
| Q3 24 | $248.5M | $215.1M | ||
| Q2 24 | $308.6M | $187.3M | ||
| Q1 24 | $79.6M | $621.2M |
自由现金流率RBAWSM
| Q4 25 | 15.5% | 13.2% | ||
| Q3 25 | 17.3% | 12.6% | ||
| Q2 25 | 20.4% | 3.5% | ||
| Q1 25 | 9.2% | 23.0% | ||
| Q4 24 | 11.2% | 9.4% | ||
| Q3 24 | 25.3% | 12.0% | ||
| Q2 24 | 28.2% | 11.3% | ||
| Q1 24 | 7.5% | 27.3% |
资本支出强度RBAWSM
| Q4 25 | 5.7% | 3.6% | ||
| Q3 25 | 4.7% | 2.8% | ||
| Q2 25 | 7.2% | 3.4% | ||
| Q1 25 | 4.9% | 2.7% | ||
| Q4 24 | 5.0% | 4.6% | ||
| Q3 24 | 3.8% | 1.8% | ||
| Q2 24 | 2.6% | 2.4% | ||
| Q1 24 | 4.2% | 2.4% |
现金转化率RBAWSM
| Q4 25 | 2.33× | 1.31× | ||
| Q3 25 | 2.51× | 1.14× | ||
| Q2 25 | 2.97× | 0.51× | ||
| Q1 25 | 1.38× | 1.65× | ||
| Q4 24 | 1.56× | 1.02× | ||
| Q3 24 | 3.75× | 1.09× | ||
| Q2 24 | 3.04× | 0.85× | ||
| Q1 24 | 1.16× | 1.90× |
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% |
WSM
暂无分部数据
