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ATLANTIC AMERICAN CORP（AAME）与RE/MAX Holdings, Inc.（RMAX）财务数据对比。点击上方公司名可切换其他公司
RE/MAX Holdings, Inc.的季度营收约是ATLANTIC AMERICAN CORP的1.3倍（$71.1M vs $53.8M），RE/MAX Holdings, Inc.净利率更高（2.0% vs 1.1%，领先1.0%），ATLANTIC AMERICAN CORP同比增速更快（20.8% vs -1.8%），RE/MAX Holdings, Inc.自由现金流更多（$33.5M vs $6.6M），过去两年ATLANTIC AMERICAN CORP的营收复合增速更高（7.2% vs -4.7%）
大西洋电报公司成立于1856年11月6日，主要业务是铺设并运营跨大西洋商业电报电缆，这也是人类历史上第一条跨大西洋的电信通信链路。
RE/MAX是全球知名的房地产特许经营机构，业务遍布全球一百多个国家和地区，旗下拥有数千家门店，总计超过十万名房产经纪人，在国际房产中介领域拥有极高的品牌知名度与市场影响力。
AAME vs RMAX — 直观对比
营收规模更大
RMAX
是对方的1.3倍
$53.8M
营收增速更快
AAME
高出22.6%
-1.8%
净利率更高
RMAX
高出1.0%
1.1%
自由现金流更多
RMAX
多$26.9M
$6.6M
两年增速更快
AAME
近两年复合增速
-4.7%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $53.8M | $71.1M |
| 净利润 | $577.0K | $1.4M |
| 毛利率 | — | — |
| 营业利润率 | 1.4% | 13.1% |
| 净利率 | 1.1% | 2.0% |
| 营收同比 | 20.8% | -1.8% |
| 净利润同比 | 128.9% | -75.2% |
| 每股收益（稀释后） | $0.02 | — |
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AAMERMAX
| Q4 25 | — | $71.1M | ||
| Q3 25 | $53.8M | $73.2M | ||
| Q2 25 | $55.3M | $72.8M | ||
| Q1 25 | $50.1M | $74.5M | ||
| Q4 24 | $49.0M | $72.5M | ||
| Q3 24 | $44.5M | $78.5M | ||
| Q2 24 | $47.7M | $78.5M | ||
| Q1 24 | $47.0M | $78.3M |
净利润AAMERMAX
| Q4 25 | — | $1.4M | ||
| Q3 25 | $577.0K | $4.0M | ||
| Q2 25 | $3.3M | $4.7M | ||
| Q1 25 | $802.0K | $-2.0M | ||
| Q4 24 | $412.0K | $5.8M | ||
| Q3 24 | $-2.0M | $966.0K | ||
| Q2 24 | $-684.0K | $3.7M | ||
| Q1 24 | $-2.0M | $-3.4M |
营业利润率AAMERMAX
| Q4 25 | — | 13.1% | ||
| Q3 25 | 1.4% | 25.0% | ||
| Q2 25 | 7.6% | 19.3% | ||
| Q1 25 | 2.1% | 7.2% | ||
| Q4 24 | 1.1% | 5.9% | ||
| Q3 24 | -5.5% | 19.4% | ||
| Q2 24 | -1.8% | 20.6% | ||
| Q1 24 | -5.3% | 5.8% |
净利率AAMERMAX
| Q4 25 | — | 2.0% | ||
| Q3 25 | 1.1% | 5.4% | ||
| Q2 25 | 6.0% | 6.4% | ||
| Q1 25 | 1.6% | -2.6% | ||
| Q4 24 | 0.8% | 8.0% | ||
| Q3 24 | -4.5% | 1.2% | ||
| Q2 24 | -1.4% | 4.7% | ||
| Q1 24 | -4.3% | -4.3% |
每股收益（稀释后）AAMERMAX
| Q4 25 | — | — | ||
| Q3 25 | $0.02 | — | ||
| Q2 25 | $0.15 | — | ||
| Q1 25 | $0.03 | — | ||
| Q4 24 | $0.01 | — | ||
| Q3 24 | $-0.10 | — | ||
| Q2 24 | $-0.04 | — | ||
| Q1 24 | $-0.10 | — |
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 | $34.4M | $118.7M |
| 总债务越低越好 | — | $432.2M |
| 股东权益账面价值 | $109.5M | $452.4M |
| 总资产 | $430.9M | $582.5M |
| 负债/权益比越低杠杆越低 | — | 0.96× |
8季度趋势，按日历期对齐
现金及短期投资AAMERMAX
| Q4 25 | — | $118.7M | ||
| Q3 25 | $34.4M | $107.5M | ||
| Q2 25 | $46.4M | $94.3M | ||
| Q1 25 | $35.9M | $89.1M | ||
| Q4 24 | $35.6M | $96.6M | ||
| Q3 24 | $23.0M | $83.8M | ||
| Q2 24 | $21.2M | $66.1M | ||
| Q1 24 | $21.2M | $82.1M |
总债务AAMERMAX
| Q4 25 | — | $432.2M | ||
| Q3 25 | — | $433.3M | ||
| Q2 25 | — | $434.4M | ||
| Q1 25 | — | $435.3M | ||
| Q4 24 | — | $436.2M | ||
| Q3 24 | — | $437.2M | ||
| Q2 24 | — | $438.1M | ||
| Q1 24 | — | $439.0M |
股东权益AAMERMAX
| Q4 25 | — | $452.4M | ||
| Q3 25 | $109.5M | $448.1M | ||
| Q2 25 | $106.2M | $442.4M | ||
| Q1 25 | $102.4M | $433.5M | ||
| Q4 24 | $99.6M | $429.5M | ||
| Q3 24 | $105.8M | $423.1M | ||
| Q2 24 | $100.7M | $418.4M | ||
| Q1 24 | $102.8M | $412.0M |
总资产AAMERMAX
| Q4 25 | — | $582.5M | ||
| Q3 25 | $430.9M | $582.2M | ||
| Q2 25 | $429.3M | $574.8M | ||
| Q1 25 | $388.4M | $571.4M | ||
| Q4 24 | $393.4M | $581.6M | ||
| Q3 24 | $387.0M | $578.6M | ||
| Q2 24 | $386.0M | $571.4M | ||
| Q1 24 | $365.8M | $566.7M |
负债/权益比AAMERMAX
| Q4 25 | — | 0.96× | ||
| Q3 25 | — | 0.97× | ||
| Q2 25 | — | 0.98× | ||
| Q1 25 | — | 1.00× | ||
| Q4 24 | — | 1.02× | ||
| Q3 24 | — | 1.03× | ||
| Q2 24 | — | 1.05× | ||
| Q1 24 | — | 1.07× |
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 | $6.6M | $40.9M |
| 自由现金流经营现金流 - 资本支出 | $6.6M | $33.5M |
| 自由现金流率自由现金流/营收 | 12.3% | 47.1% |
| 资本支出强度资本支出/营收 | 0.1% | 10.4% |
| 现金转化率经营现金流/净利润 | 11.51× | 28.39× |
| 过去12个月自由现金流最近4个季度 | $19.3M | $56.8M |
8季度趋势，按日历期对齐
经营现金流AAMERMAX
| Q4 25 | — | $40.9M | ||
| Q3 25 | $6.6M | $17.7M | ||
| Q2 25 | $9.3M | $4.6M | ||
| Q1 25 | $-722.0K | $5.7M | ||
| Q4 24 | $4.8M | $59.7M | ||
| Q3 24 | $90.0K | $17.6M | ||
| Q2 24 | $416.0K | $15.9M | ||
| Q1 24 | $-5.3M | $9.4M |
自由现金流AAMERMAX
| Q4 25 | — | $33.5M | ||
| Q3 25 | $6.6M | $16.4M | ||
| Q2 25 | $9.1M | $2.9M | ||
| Q1 25 | $-986.0K | $4.0M | ||
| Q4 24 | $4.6M | $53.0M | ||
| Q3 24 | $58.0K | $16.3M | ||
| Q2 24 | $361.0K | $14.0M | ||
| Q1 24 | $-5.4M | $6.8M |
自由现金流率AAMERMAX
| Q4 25 | — | 47.1% | ||
| Q3 25 | 12.3% | 22.4% | ||
| Q2 25 | 16.5% | 4.0% | ||
| Q1 25 | -2.0% | 5.3% | ||
| Q4 24 | 9.3% | 73.2% | ||
| Q3 24 | 0.1% | 20.8% | ||
| Q2 24 | 0.8% | 17.8% | ||
| Q1 24 | -11.4% | 8.6% |
资本支出强度AAMERMAX
| Q4 25 | — | 10.4% | ||
| Q3 25 | 0.1% | 1.8% | ||
| Q2 25 | 0.3% | 2.2% | ||
| Q1 25 | 0.5% | 2.3% | ||
| Q4 24 | 0.5% | 9.1% | ||
| Q3 24 | 0.1% | 1.7% | ||
| Q2 24 | 0.1% | 2.4% | ||
| Q1 24 | 0.1% | 3.3% |
现金转化率AAMERMAX
| Q4 25 | — | 28.39× | ||
| Q3 25 | 11.51× | 4.45× | ||
| Q2 25 | 2.80× | 0.97× | ||
| Q1 25 | -0.90× | — | ||
| Q4 24 | 11.65× | 10.28× | ||
| Q3 24 | — | 18.22× | ||
| Q2 24 | — | 4.29× | ||
| Q1 24 | — | — |
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
AAME
| Bankers Fidelity | $30.0M | 56% |
| American Southern | $23.7M | 44% |
RMAX
| Franchising Segment | $50.1M | 70% |
| Broker Fees | $13.9M | 20% |
| Annual Dues | $7.4M | 10% |
