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ARBOR REALTY TRUST INC（ABR）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
ARBOR REALTY TRUST INC的季度营收约是RE/MAX Holdings, Inc.的1.9倍（$133.4M vs $71.1M），RE/MAX Holdings, Inc.同比增速更快（-1.8% vs -12.1%），过去两年RE/MAX Holdings, Inc.的营收复合增速更高（-4.7% vs -8.9%）
Arbor Realty Trust Inc.是总部位于美国的专业房地产投资信托（REIT）企业，主要为多户住宅及商业地产项目提供结构性融资服务，涵盖过渡贷款、机构贷款、夹层融资等品类，服务覆盖美国各地的地产持有者、开发商及房产投资群体。
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。
ABR vs RMAX — 直观对比
营收规模更大
ABR
是对方的1.9倍
$71.1M
营收增速更快
RMAX
高出10.2%
-12.1%
两年增速更快
RMAX
近两年复合增速
-8.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $133.4M | $71.1M |
| 净利润 | — | $1.4M |
| 毛利率 | — | — |
| 营业利润率 | — | 13.1% |
| 净利率 | — | 2.0% |
| 营收同比 | -12.1% | -1.8% |
| 净利润同比 | — | -75.2% |
| 每股收益（稀释后） | $0.08 | — |
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ABRRMAX
| Q4 25 | $133.4M | $71.1M | ||
| Q3 25 | $112.4M | $73.2M | ||
| Q2 25 | $130.4M | $72.8M | ||
| Q1 25 | $134.2M | $74.5M | ||
| Q4 24 | $151.7M | $72.5M | ||
| Q3 24 | $156.7M | $78.5M | ||
| Q2 24 | $153.1M | $78.5M | ||
| Q1 24 | $160.7M | $78.3M |
净利润ABRRMAX
| Q4 25 | — | $1.4M | ||
| Q3 25 | $52.0M | $4.0M | ||
| Q2 25 | $36.3M | $4.7M | ||
| Q1 25 | $43.4M | $-2.0M | ||
| Q4 24 | — | $5.8M | ||
| Q3 24 | $73.5M | $966.0K | ||
| Q2 24 | $61.8M | $3.7M | ||
| Q1 24 | $73.2M | $-3.4M |
营业利润率ABRRMAX
| Q4 25 | — | 13.1% | ||
| Q3 25 | — | 25.0% | ||
| Q2 25 | — | 19.3% | ||
| Q1 25 | — | 7.2% | ||
| Q4 24 | — | 5.9% | ||
| Q3 24 | — | 19.4% | ||
| Q2 24 | — | 20.6% | ||
| Q1 24 | 46.9% | 5.8% |
净利率ABRRMAX
| Q4 25 | — | 2.0% | ||
| Q3 25 | 46.3% | 5.4% | ||
| Q2 25 | 27.8% | 6.4% | ||
| Q1 25 | 32.3% | -2.6% | ||
| Q4 24 | — | 8.0% | ||
| Q3 24 | 46.9% | 1.2% | ||
| Q2 24 | 40.4% | 4.7% | ||
| Q1 24 | 45.6% | -4.3% |
每股收益（稀释后）ABRRMAX
| Q4 25 | $0.08 | — | ||
| Q3 25 | $0.20 | — | ||
| Q2 25 | $0.12 | — | ||
| Q1 25 | $0.16 | — | ||
| Q4 24 | $0.31 | — | ||
| Q3 24 | $0.31 | — | ||
| Q2 24 | $0.25 | — | ||
| Q1 24 | $0.31 | — |
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 | $482.9M | $118.7M |
| 总债务越低越好 | $11.1B | $432.2M |
| 股东权益账面价值 | $3.0B | $452.4M |
| 总资产 | $14.5B | $582.5M |
| 负债/权益比越低杠杆越低 | 3.75× | 0.96× |
8季度趋势，按日历期对齐
现金及短期投资ABRRMAX
| Q4 25 | $482.9M | $118.7M | ||
| Q3 25 | $423.4M | $107.5M | ||
| Q2 25 | $255.7M | $94.3M | ||
| Q1 25 | $308.8M | $89.1M | ||
| Q4 24 | $503.8M | $96.6M | ||
| Q3 24 | $687.5M | $83.8M | ||
| Q2 24 | $737.5M | $66.1M | ||
| Q1 24 | $908.0M | $82.1M |
总债务ABRRMAX
| Q4 25 | $11.1B | $432.2M | ||
| Q3 25 | $10.4B | $433.3M | ||
| Q2 25 | $10.1B | $434.4M | ||
| Q1 25 | $9.9B | $435.3M | ||
| Q4 24 | $10.0B | $436.2M | ||
| Q3 24 | $10.3B | $437.2M | ||
| Q2 24 | $10.6B | $438.1M | ||
| Q1 24 | $11.4B | $439.0M |
股东权益ABRRMAX
| Q4 25 | $3.0B | $452.4M | ||
| Q3 25 | $3.0B | $448.1M | ||
| Q2 25 | $3.0B | $442.4M | ||
| Q1 25 | $3.0B | $433.5M | ||
| Q4 24 | $3.0B | $429.5M | ||
| Q3 24 | $3.0B | $423.1M | ||
| Q2 24 | $3.1B | $418.4M | ||
| Q1 24 | $3.1B | $412.0M |
总资产ABRRMAX
| Q4 25 | $14.5B | $582.5M | ||
| Q3 25 | $13.9B | $582.2M | ||
| Q2 25 | $13.6B | $574.8M | ||
| Q1 25 | $13.4B | $571.4M | ||
| Q4 24 | $13.5B | $581.6M | ||
| Q3 24 | $13.9B | $578.6M | ||
| Q2 24 | $14.2B | $571.4M | ||
| Q1 24 | $15.1B | $566.7M |
负债/权益比ABRRMAX
| Q4 25 | 3.75× | 0.96× | ||
| Q3 25 | 3.47× | 0.97× | ||
| Q2 25 | 3.40× | 0.98× | ||
| Q1 25 | 3.29× | 1.00× | ||
| Q4 24 | 3.29× | 1.02× | ||
| Q3 24 | 3.40× | 1.03× | ||
| Q2 24 | 3.47× | 1.05× | ||
| Q1 24 | 3.68× | 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 | $372.4M | $40.9M |
| 自由现金流经营现金流 - 资本支出 | — | $33.5M |
| 自由现金流率自由现金流/营收 | — | 47.1% |
| 资本支出强度资本支出/营收 | — | 10.4% |
| 现金转化率经营现金流/净利润 | — | 28.39× |
| 过去12个月自由现金流最近4个季度 | — | $56.8M |
8季度趋势，按日历期对齐
经营现金流ABRRMAX
| Q4 25 | $372.4M | $40.9M | ||
| Q3 25 | $178.7M | $17.7M | ||
| Q2 25 | $60.0M | $4.6M | ||
| Q1 25 | $150.5M | $5.7M | ||
| Q4 24 | $461.5M | $59.7M | ||
| Q3 24 | $85.0M | $17.6M | ||
| Q2 24 | $69.9M | $15.9M | ||
| Q1 24 | $260.0M | $9.4M |
自由现金流ABRRMAX
| Q4 25 | — | $33.5M | ||
| Q3 25 | — | $16.4M | ||
| Q2 25 | — | $2.9M | ||
| Q1 25 | — | $4.0M | ||
| Q4 24 | — | $53.0M | ||
| Q3 24 | — | $16.3M | ||
| Q2 24 | — | $14.0M | ||
| Q1 24 | — | $6.8M |
自由现金流率ABRRMAX
| Q4 25 | — | 47.1% | ||
| Q3 25 | — | 22.4% | ||
| Q2 25 | — | 4.0% | ||
| Q1 25 | — | 5.3% | ||
| Q4 24 | — | 73.2% | ||
| Q3 24 | — | 20.8% | ||
| Q2 24 | — | 17.8% | ||
| Q1 24 | — | 8.6% |
资本支出强度ABRRMAX
| Q4 25 | — | 10.4% | ||
| Q3 25 | — | 1.8% | ||
| Q2 25 | — | 2.2% | ||
| Q1 25 | — | 2.3% | ||
| Q4 24 | — | 9.1% | ||
| Q3 24 | — | 1.7% | ||
| Q2 24 | — | 2.4% | ||
| Q1 24 | — | 3.3% |
现金转化率ABRRMAX
| Q4 25 | — | 28.39× | ||
| Q3 25 | 3.44× | 4.45× | ||
| Q2 25 | 1.65× | 0.97× | ||
| Q1 25 | 3.47× | — | ||
| Q4 24 | — | 10.28× | ||
| Q3 24 | 1.16× | 18.22× | ||
| Q2 24 | 1.13× | 4.29× | ||
| Q1 24 | 3.55× | — |
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
ABR
暂无分部数据
RMAX
| Franchising Segment | $50.1M | 70% |
| Broker Fees | $13.9M | 20% |
| Annual Dues | $7.4M | 10% |
