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利氏兄弟拍卖行（RBA）与惠好（WY）财务数据对比。点击上方公司名可切换其他公司
惠好的季度营收约是利氏兄弟拍卖行的1.3倍（$1.5B vs $1.2B），利氏兄弟拍卖行净利率更高（9.1% vs 4.8%，领先4.3%），利氏兄弟拍卖行同比增速更快（5.4% vs -9.8%），利氏兄弟拍卖行自由现金流更多（$186.5M vs $-128.0M），过去两年利氏兄弟拍卖行的营收复合增速更高（6.3% vs -7.4%）
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。
惠好是美国知名林地运营企业，在美国本土持有约1040万英亩林地，同时通过长期许可协议在加拿大管理额外1400万英亩林地。企业拥有逾百年木制品生产历史，目前以房地产投资信托（REIT）模式运营。
RBA vs WY — 直观对比
营收规模更大
WY
是对方的1.3倍
$1.2B
营收增速更快
RBA
高出15.2%
-9.8%
净利率更高
RBA
高出4.3%
4.8%
自由现金流更多
RBA
多$314.5M
$-128.0M
两年增速更快
RBA
近两年复合增速
-7.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $1.5B |
| 净利润 | $109.7M | $74.0M |
| 毛利率 | — | 10.4% |
| 营业利润率 | 14.7% | 16.3% |
| 净利率 | 9.1% | 4.8% |
| 营收同比 | 5.4% | -9.8% |
| 净利润同比 | -7.4% | -8.6% |
| 每股收益（稀释后） | $0.53 | $0.11 |
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RBAWY
| Q4 25 | $1.2B | $1.5B | ||
| Q3 25 | $1.1B | $1.7B | ||
| Q2 25 | $1.2B | $1.9B | ||
| Q1 25 | $1.1B | $1.8B | ||
| Q4 24 | $1.1B | $1.7B | ||
| Q3 24 | $981.8M | $1.7B | ||
| Q2 24 | $1.1B | $1.9B | ||
| Q1 24 | $1.1B | $1.8B |
净利润RBAWY
| Q4 25 | $109.7M | $74.0M | ||
| Q3 25 | $95.5M | $80.0M | ||
| Q2 25 | $109.8M | $87.0M | ||
| Q1 25 | $113.4M | $83.0M | ||
| Q4 24 | $118.5M | $81.0M | ||
| Q3 24 | $76.1M | $28.0M | ||
| Q2 24 | $111.1M | $173.0M | ||
| Q1 24 | $107.4M | $114.0M |
毛利率RBAWY
| Q4 25 | — | 10.4% | ||
| Q3 25 | — | 11.9% | ||
| Q2 25 | — | 17.3% | ||
| Q1 25 | — | 19.0% | ||
| Q4 24 | — | 17.8% | ||
| Q3 24 | — | 14.9% | ||
| Q2 24 | — | 20.8% | ||
| Q1 24 | — | 19.8% |
营业利润率RBAWY
| Q4 25 | 14.7% | 16.3% | ||
| Q3 25 | 14.5% | 7.2% | ||
| Q2 25 | 15.9% | 9.4% | ||
| Q1 25 | 17.1% | 10.2% | ||
| Q4 24 | 18.1% | 8.3% | ||
| Q3 24 | 15.6% | 4.6% | ||
| Q2 24 | 18.4% | 13.9% | ||
| Q1 24 | 18.7% | 10.9% |
净利率RBAWY
| Q4 25 | 9.1% | 4.8% | ||
| Q3 25 | 8.7% | 4.7% | ||
| Q2 25 | 9.3% | 4.6% | ||
| Q1 25 | 10.2% | 4.7% | ||
| Q4 24 | 10.4% | 4.7% | ||
| Q3 24 | 7.8% | 1.7% | ||
| Q2 24 | 10.1% | 8.9% | ||
| Q1 24 | 10.1% | 6.3% |
每股收益（稀释后）RBAWY
| Q4 25 | $0.53 | $0.11 | ||
| Q3 25 | $0.43 | $0.11 | ||
| Q2 25 | $0.53 | $0.12 | ||
| Q1 25 | $0.55 | $0.11 | ||
| Q4 24 | $0.58 | $0.10 | ||
| Q3 24 | $0.36 | $0.04 | ||
| Q2 24 | $0.54 | $0.24 | ||
| Q1 24 | $0.53 | $0.16 |
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 | $464.0M |
| 总债务越低越好 | $2.3B | $5.6B |
| 股东权益账面价值 | $5.6B | $9.4B |
| 总资产 | $12.1B | $16.6B |
| 负债/权益比越低杠杆越低 | 0.42× | 0.59× |
8季度趋势，按日历期对齐
现金及短期投资RBAWY
| Q4 25 | $531.5M | $464.0M | ||
| Q3 25 | $674.7M | $401.0M | ||
| Q2 25 | $710.2M | $592.0M | ||
| Q1 25 | $578.1M | $560.0M | ||
| Q4 24 | $533.9M | $684.0M | ||
| Q3 24 | $650.7M | $877.0M | ||
| Q2 24 | $599.5M | $997.0M | ||
| Q1 24 | $462.8M | $871.0M |
总债务RBAWY
| Q4 25 | $2.3B | $5.6B | ||
| Q3 25 | $2.6B | — | ||
| Q2 25 | $2.6B | — | ||
| Q1 25 | $2.6B | — | ||
| Q4 24 | $2.6B | $5.1B | ||
| Q3 24 | $2.7B | — | ||
| Q2 24 | $2.8B | — | ||
| Q1 24 | $2.9B | — |
股东权益RBAWY
| Q4 25 | $5.6B | $9.4B | ||
| Q3 25 | $5.5B | $9.4B | ||
| Q2 25 | $5.5B | $9.5B | ||
| Q1 25 | $5.3B | $9.6B | ||
| Q4 24 | $5.2B | $9.7B | ||
| Q3 24 | $5.2B | $9.9B | ||
| Q2 24 | $5.2B | $10.0B | ||
| Q1 24 | $5.1B | $10.1B |
总资产RBAWY
| Q4 25 | $12.1B | $16.6B | ||
| Q3 25 | $12.2B | $16.7B | ||
| Q2 25 | $12.2B | $16.5B | ||
| Q1 25 | $11.9B | $16.5B | ||
| Q4 24 | $11.8B | $16.5B | ||
| Q3 24 | $11.9B | $16.7B | ||
| Q2 24 | $12.1B | $16.8B | ||
| Q1 24 | $12.0B | $16.8B |
负债/权益比RBAWY
| Q4 25 | 0.42× | 0.59× | ||
| Q3 25 | 0.47× | — | ||
| Q2 25 | 0.47× | — | ||
| Q1 25 | 0.50× | — | ||
| Q4 24 | 0.50× | 0.52× | ||
| 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 | $-114.0M |
| 自由现金流经营现金流 - 资本支出 | $186.5M | $-128.0M |
| 自由现金流率自由现金流/营收 | 15.5% | -8.3% |
| 资本支出强度资本支出/营收 | 5.7% | 0.9% |
| 现金转化率经营现金流/净利润 | 2.33× | -1.54× |
| 过去12个月自由现金流最近4个季度 | $719.2M | $511.0M |
8季度趋势，按日历期对齐
经营现金流RBAWY
| Q4 25 | $255.2M | $-114.0M | ||
| Q3 25 | $239.7M | $210.0M | ||
| Q2 25 | $326.5M | $396.0M | ||
| Q1 25 | $156.8M | $70.0M | ||
| Q4 24 | $184.5M | $218.0M | ||
| Q3 24 | $285.4M | $234.0M | ||
| Q2 24 | $337.3M | $432.0M | ||
| Q1 24 | $124.8M | $124.0M |
自由现金流RBAWY
| Q4 25 | $186.5M | $-128.0M | ||
| Q3 25 | $188.5M | $203.0M | ||
| Q2 25 | $241.7M | $388.0M | ||
| Q1 25 | $102.5M | $48.0M | ||
| Q4 24 | $127.9M | $205.0M | ||
| Q3 24 | $248.5M | $226.0M | ||
| Q2 24 | $308.6M | $423.0M | ||
| Q1 24 | $79.6M | $102.0M |
自由现金流率RBAWY
| Q4 25 | 15.5% | -8.3% | ||
| Q3 25 | 17.3% | 11.8% | ||
| Q2 25 | 20.4% | 20.6% | ||
| Q1 25 | 9.2% | 2.7% | ||
| Q4 24 | 11.2% | 12.0% | ||
| Q3 24 | 25.3% | 13.4% | ||
| Q2 24 | 28.2% | 21.8% | ||
| Q1 24 | 7.5% | 5.7% |
资本支出强度RBAWY
| Q4 25 | 5.7% | 0.9% | ||
| Q3 25 | 4.7% | 0.4% | ||
| Q2 25 | 7.2% | 0.4% | ||
| Q1 25 | 4.9% | 1.2% | ||
| Q4 24 | 5.0% | 0.8% | ||
| Q3 24 | 3.8% | 0.5% | ||
| Q2 24 | 2.6% | 0.5% | ||
| Q1 24 | 4.2% | 1.2% |
现金转化率RBAWY
| Q4 25 | 2.33× | -1.54× | ||
| Q3 25 | 2.51× | 2.63× | ||
| Q2 25 | 2.97× | 4.55× | ||
| Q1 25 | 1.38× | 0.84× | ||
| Q4 24 | 1.56× | 2.69× | ||
| Q3 24 | 3.75× | 8.36× | ||
| Q2 24 | 3.04× | 2.50× | ||
| Q1 24 | 1.16× | 1.09× |
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% |
WY
暂无分部数据
