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C3.ai, Inc.（AI）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
C3.ai, Inc.的季度营收约是RE/MAX Holdings, Inc.的1.1倍（$75.1M vs $71.1M），RE/MAX Holdings, Inc.净利率更高（2.0% vs -139.3%，领先141.3%），RE/MAX Holdings, Inc.同比增速更快（-1.8% vs -20.3%），RE/MAX Holdings, Inc.自由现金流更多（$33.5M vs $-46.9M），过去两年C3.ai, Inc.的营收复合增速更高（-2.1% vs -4.7%）
C3.ai是全球领先的企业级人工智能软件供应商，主要开发销售可扩展的AI应用、平台工具及垂直行业定制解决方案，服务覆盖制造、能源、金融、医疗、公共部门等领域，助力客户优化运营、降本增效、管控风险，实现数据驱动的业务决策。
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。
AI vs RMAX — 直观对比
营收规模更大
AI
是对方的1.1倍
$71.1M
营收增速更快
RMAX
高出18.5%
-20.3%
净利率更高
RMAX
高出141.3%
-139.3%
自由现金流更多
RMAX
多$80.4M
$-46.9M
两年增速更快
AI
近两年复合增速
-4.7%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $75.1M | $71.1M |
| 净利润 | $-104.7M | $1.4M |
| 毛利率 | 40.4% | — |
| 营业利润率 | -149.2% | 13.1% |
| 净利率 | -139.3% | 2.0% |
| 营收同比 | -20.3% | -1.8% |
| 净利润同比 | -58.7% | -75.2% |
| 每股收益（稀释后） | $-0.75 | — |
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AIRMAX
| Q4 25 | $75.1M | $71.1M | ||
| Q3 25 | $70.3M | $73.2M | ||
| Q2 25 | $108.7M | $72.8M | ||
| Q1 25 | $98.8M | $74.5M | ||
| Q4 24 | $94.3M | $72.5M | ||
| Q3 24 | $87.2M | $78.5M | ||
| Q2 24 | $86.6M | $78.5M | ||
| Q1 24 | $78.4M | $78.3M |
净利润AIRMAX
| Q4 25 | $-104.7M | $1.4M | ||
| Q3 25 | $-116.8M | $4.0M | ||
| Q2 25 | $-79.7M | $4.7M | ||
| Q1 25 | $-80.2M | $-2.0M | ||
| Q4 24 | $-66.0M | $5.8M | ||
| Q3 24 | $-62.8M | $966.0K | ||
| Q2 24 | $-72.9M | $3.7M | ||
| Q1 24 | $-72.6M | $-3.4M |
毛利率AIRMAX
| Q4 25 | 40.4% | — | ||
| Q3 25 | 37.6% | — | ||
| Q2 25 | 62.1% | — | ||
| Q1 25 | 59.1% | — | ||
| Q4 24 | 61.3% | — | ||
| Q3 24 | 59.8% | — | ||
| Q2 24 | 59.6% | — | ||
| Q1 24 | 57.8% | — |
营业利润率AIRMAX
| Q4 25 | -149.2% | 13.1% | ||
| Q3 25 | -177.7% | 25.0% | ||
| Q2 25 | -81.8% | 19.3% | ||
| Q1 25 | -88.7% | 7.2% | ||
| Q4 24 | -79.8% | 5.9% | ||
| Q3 24 | -83.2% | 19.4% | ||
| Q2 24 | -95.1% | 20.6% | ||
| Q1 24 | -105.3% | 5.8% |
净利率AIRMAX
| Q4 25 | -139.3% | 2.0% | ||
| Q3 25 | -166.2% | 5.4% | ||
| Q2 25 | -73.3% | 6.4% | ||
| Q1 25 | -81.2% | -2.6% | ||
| Q4 24 | -69.9% | 8.0% | ||
| Q3 24 | -72.0% | 1.2% | ||
| Q2 24 | -84.2% | 4.7% | ||
| Q1 24 | -92.6% | -4.3% |
每股收益（稀释后）AIRMAX
| Q4 25 | $-0.75 | — | ||
| Q3 25 | $-0.86 | — | ||
| Q2 25 | $-0.60 | — | ||
| Q1 25 | $-0.62 | — | ||
| Q4 24 | $-0.52 | — | ||
| Q3 24 | $-0.50 | — | ||
| Q2 24 | $-0.59 | — | ||
| Q1 24 | $-0.60 | — |
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 | $675.0M | $118.7M |
| 总债务越低越好 | — | $432.2M |
| 股东权益账面价值 | $771.9M | $452.4M |
| 总资产 | $961.3M | $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AIRMAX
| Q4 25 | $675.0M | $118.7M | ||
| Q3 25 | $711.9M | $107.5M | ||
| Q2 25 | $742.7M | $94.3M | ||
| Q1 25 | $724.3M | $89.1M | ||
| Q4 24 | $730.4M | $96.6M | ||
| Q3 24 | $762.5M | $83.8M | ||
| Q2 24 | $750.4M | $66.1M | ||
| Q1 24 | $723.3M | $82.1M |
总债务AIRMAX
| 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AIRMAX
| Q4 25 | $771.9M | $452.4M | ||
| Q3 25 | $798.8M | $448.1M | ||
| Q2 25 | $838.3M | $442.4M | ||
| Q1 25 | $860.2M | $433.5M | ||
| Q4 24 | $859.0M | $429.5M | ||
| Q3 24 | $874.9M | $423.1M | ||
| Q2 24 | $873.4M | $418.4M | ||
| Q1 24 | $898.0M | $412.0M |
总资产AIRMAX
| Q4 25 | $961.3M | $582.5M | ||
| Q3 25 | $968.7M | $582.2M | ||
| Q2 25 | $1.0B | $574.8M | ||
| Q1 25 | $1.1B | $571.4M | ||
| Q4 24 | $1.0B | $581.6M | ||
| Q3 24 | $1.1B | $578.6M | ||
| Q2 24 | $1.0B | $571.4M | ||
| Q1 24 | $1.1B | $566.7M |
负债/权益比AIRMAX
| 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 | $-46.5M | $40.9M |
| 自由现金流经营现金流 - 资本支出 | $-46.9M | $33.5M |
| 自由现金流率自由现金流/营收 | -62.4% | 47.1% |
| 资本支出强度资本支出/营收 | 0.5% | 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 | $-93.2M | $56.8M |
8季度趋势，按日历期对齐
经营现金流AIRMAX
| Q4 25 | $-46.5M | $40.9M | ||
| Q3 25 | $-33.5M | $17.7M | ||
| Q2 25 | $11.3M | $4.6M | ||
| Q1 25 | $-22.0M | $5.7M | ||
| Q4 24 | $-38.7M | $59.7M | ||
| Q3 24 | $8.0M | $17.6M | ||
| Q2 24 | $21.3M | $15.9M | ||
| Q1 24 | $-39.1M | $9.4M |
自由现金流AIRMAX
| Q4 25 | $-46.9M | $33.5M | ||
| Q3 25 | $-34.3M | $16.4M | ||
| Q2 25 | $10.3M | $2.9M | ||
| Q1 25 | $-22.4M | $4.0M | ||
| Q4 24 | $-39.5M | $53.0M | ||
| Q3 24 | $7.1M | $16.3M | ||
| Q2 24 | $18.8M | $14.0M | ||
| Q1 24 | $-45.1M | $6.8M |
自由现金流率AIRMAX
| Q4 25 | -62.4% | 47.1% | ||
| Q3 25 | -48.8% | 22.4% | ||
| Q2 25 | 9.5% | 4.0% | ||
| Q1 25 | -22.7% | 5.3% | ||
| Q4 24 | -41.9% | 73.2% | ||
| Q3 24 | 8.2% | 20.8% | ||
| Q2 24 | 21.7% | 17.8% | ||
| Q1 24 | -57.6% | 8.6% |
资本支出强度AIRMAX
| Q4 25 | 0.5% | 10.4% | ||
| Q3 25 | 1.1% | 1.8% | ||
| Q2 25 | 0.9% | 2.2% | ||
| Q1 25 | 0.4% | 2.3% | ||
| Q4 24 | 0.9% | 9.1% | ||
| Q3 24 | 1.1% | 1.7% | ||
| Q2 24 | 2.9% | 2.4% | ||
| Q1 24 | 7.8% | 3.3% |
现金转化率AIRMAX
| Q4 25 | — | 28.39× | ||
| Q3 25 | — | 4.45× | ||
| Q2 25 | — | 0.97× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 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
AI
| License And Service | $70.2M | 93% |
| Professional Services | $4.9M | 7% |
RMAX
| Franchising Segment | $50.1M | 70% |
| Broker Fees | $13.9M | 20% |
| Annual Dues | $7.4M | 10% |
