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Abacus Global Management, Inc.（ABX）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
Abacus Global Management, Inc.的季度营收约是RE/MAX Holdings, Inc.的1.0倍（$71.9M vs $71.1M），Abacus Global Management, Inc.净利率更高（10.1% vs 2.0%，领先8.0%），Abacus Global Management, Inc.同比增速更快（116.5% vs -1.8%），RE/MAX Holdings, Inc.自由现金流更多（$33.5M vs $-26.6M），过去两年Abacus Global Management, Inc.的营收复合增速更高（82.9% vs -4.7%）
Abacus集团是澳大利亚ASX 200指数成分公众上市公司，专注投资澳大利亚房地产投资信托，投资组合集中在写字楼与自助仓储领域，同时管理房地产开发的legacy投资项目。该公司原名为Abacus地产集团，2023年8月拆分出了自助仓储业务Abacus Storage King。
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。
ABX vs RMAX — 直观对比
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $71.9M | $71.1M |
| 净利润 | $7.2M | $1.4M |
| 毛利率 | 88.8% | — |
| 营业利润率 | 31.7% | 13.1% |
| 净利率 | 10.1% | 2.0% |
| 营收同比 | 116.5% | -1.8% |
| 净利润同比 | 139.6% | -75.2% |
| 每股收益（稀释后） | $0.06 | — |
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
| Q4 25 | $71.9M | $71.1M | ||
| Q3 25 | $63.0M | $73.2M | ||
| Q2 25 | $56.2M | $72.8M | ||
| Q1 25 | $44.1M | $74.5M | ||
| Q4 24 | $33.2M | $72.5M | ||
| Q3 24 | $28.1M | $78.5M | ||
| Q2 24 | $29.1M | $78.5M | ||
| Q1 24 | $21.5M | $78.3M |
| Q4 25 | $7.2M | $1.4M | ||
| Q3 25 | $7.1M | $4.0M | ||
| Q2 25 | $17.6M | $4.7M | ||
| Q1 25 | $4.6M | $-2.0M | ||
| Q4 24 | $-18.3M | $5.8M | ||
| Q3 24 | $-5.1M | $966.0K | ||
| Q2 24 | $770.0K | $3.7M | ||
| Q1 24 | $-1.3M | $-3.4M |
| Q4 25 | 88.8% | — | ||
| Q3 25 | 87.8% | — | ||
| Q2 25 | 89.2% | — | ||
| Q1 25 | 83.9% | — | ||
| Q4 24 | 88.8% | — | ||
| Q3 24 | 92.2% | — | ||
| Q2 24 | 90.6% | — | ||
| Q1 24 | 87.3% | — |
| Q4 25 | 31.7% | 13.1% | ||
| Q3 25 | 35.6% | 25.0% | ||
| Q2 25 | 40.1% | 19.3% | ||
| Q1 25 | 47.6% | 7.2% | ||
| Q4 24 | -50.5% | 5.9% | ||
| Q3 24 | 24.3% | 19.4% | ||
| Q2 24 | 23.3% | 20.6% | ||
| Q1 24 | 10.5% | 5.8% |
| Q4 25 | 10.1% | 2.0% | ||
| Q3 25 | 11.2% | 5.4% | ||
| Q2 25 | 31.3% | 6.4% | ||
| Q1 25 | 10.5% | -2.6% | ||
| Q4 24 | -55.0% | 8.0% | ||
| Q3 24 | -18.2% | 1.2% | ||
| Q2 24 | 2.6% | 4.7% | ||
| Q1 24 | -6.3% | -4.3% |
| Q4 25 | $0.06 | — | ||
| Q3 25 | $0.07 | — | ||
| Q2 25 | $0.18 | — | ||
| Q1 25 | $0.05 | — | ||
| Q4 24 | $-0.26 | — | ||
| Q3 24 | $-0.07 | — | ||
| Q2 24 | $0.01 | — | ||
| Q1 24 | $-0.02 | — |
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 | $38.1M | $118.7M |
| 总债务越低越好 | $405.8M | $432.2M |
| 股东权益账面价值 | $418.5M | $452.4M |
| 总资产 | $902.2M | $582.5M |
| 负债/权益比越低杠杆越低 | 0.97× | 0.96× |
8季度趋势，按日历期对齐
| Q4 25 | $38.1M | $118.7M | ||
| Q3 25 | $86.4M | $107.5M | ||
| Q2 25 | $74.8M | $94.3M | ||
| Q1 25 | $43.8M | $89.1M | ||
| Q4 24 | $131.9M | $96.6M | ||
| Q3 24 | $19.4M | $83.8M | ||
| Q2 24 | $91.3M | $66.1M | ||
| Q1 24 | $65.4M | $82.1M |
| Q4 25 | $405.8M | $432.2M | ||
| Q3 25 | $409.3M | $433.3M | ||
| Q2 25 | — | $434.4M | ||
| Q1 25 | — | $435.3M | ||
| Q4 24 | $380.8M | $436.2M | ||
| Q3 24 | — | $437.2M | ||
| Q2 24 | — | $438.1M | ||
| Q1 24 | — | $439.0M |
| Q4 25 | $418.5M | $452.4M | ||
| Q3 25 | $434.6M | $448.1M | ||
| Q2 25 | $416.5M | $442.4M | ||
| Q1 25 | $430.6M | $433.5M | ||
| Q4 24 | $423.3M | $429.5M | ||
| Q3 24 | $257.9M | $423.1M | ||
| Q2 24 | $256.8M | $418.4M | ||
| Q1 24 | $165.3M | $412.0M |
| Q4 25 | $902.2M | $582.5M | ||
| Q3 25 | $918.9M | $582.2M | ||
| Q2 25 | $848.4M | $574.8M | ||
| Q1 25 | $856.5M | $571.4M | ||
| Q4 24 | $874.2M | $581.6M | ||
| Q3 24 | $477.3M | $578.6M | ||
| Q2 24 | $483.9M | $571.4M | ||
| Q1 24 | $376.7M | $566.7M |
| Q4 25 | 0.97× | 0.96× | ||
| Q3 25 | 0.94× | 0.97× | ||
| Q2 25 | — | 0.98× | ||
| Q1 25 | — | 1.00× | ||
| Q4 24 | 0.90× | 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 | $-25.7M | $40.9M |
| 自由现金流经营现金流 - 资本支出 | $-26.6M | $33.5M |
| 自由现金流率自由现金流/营收 | -37.0% | 47.1% |
| 资本支出强度资本支出/营收 | 1.3% | 10.4% |
| 现金转化率经营现金流/净利润 | -3.55× | 28.39× |
| 过去12个月自由现金流最近4个季度 | $-45.7M | $56.8M |
8季度趋势，按日历期对齐
| Q4 25 | $-25.7M | $40.9M | ||
| Q3 25 | $-32.8M | $17.7M | ||
| Q2 25 | $76.1M | $4.6M | ||
| Q1 25 | $-61.6M | $5.7M | ||
| Q4 24 | $-208.8M | $59.7M | ||
| Q3 24 | $-52.3M | $17.6M | ||
| Q2 24 | $-67.1M | $15.9M | ||
| Q1 24 | $2.5M | $9.4M |
| Q4 25 | $-26.6M | $33.5M | ||
| Q3 25 | $-32.9M | $16.4M | ||
| Q2 25 | $75.7M | $2.9M | ||
| Q1 25 | $-61.8M | $4.0M | ||
| Q4 24 | $-209.6M | $53.0M | ||
| Q3 24 | $-52.5M | $16.3M | ||
| Q2 24 | $-67.2M | $14.0M | ||
| Q1 24 | $2.4M | $6.8M |
| Q4 25 | -37.0% | 47.1% | ||
| Q3 25 | -52.3% | 22.4% | ||
| Q2 25 | 134.6% | 4.0% | ||
| Q1 25 | -140.0% | 5.3% | ||
| Q4 24 | -631.1% | 73.2% | ||
| Q3 24 | -186.6% | 20.8% | ||
| Q2 24 | -231.3% | 17.8% | ||
| Q1 24 | 10.9% | 8.6% |
| Q4 25 | 1.3% | 10.4% | ||
| Q3 25 | 0.3% | 1.8% | ||
| Q2 25 | 0.8% | 2.2% | ||
| Q1 25 | 0.5% | 2.3% | ||
| Q4 24 | 2.4% | 9.1% | ||
| Q3 24 | 0.9% | 1.7% | ||
| Q2 24 | 0.7% | 2.4% | ||
| Q1 24 | 0.8% | 3.3% |
| Q4 25 | -3.55× | 28.39× | ||
| Q3 25 | -4.63× | 4.45× | ||
| Q2 25 | 4.33× | 0.97× | ||
| Q1 25 | -13.28× | — | ||
| Q4 24 | — | 10.28× | ||
| Q3 24 | — | 18.22× | ||
| Q2 24 | -87.09× | 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
ABX
| Life Solutions Segment | $63.0M | 88% |
| Asset Management Segment | $8.7M | 12% |
RMAX
| Franchising Segment | $50.1M | 70% |
| Broker Fees | $13.9M | 20% |
| Annual Dues | $7.4M | 10% |
