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ALERUS FINANCIAL CORP（ALRS）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ALERUS FINANCIAL CORP的1.6倍（$71.1M vs $45.2M），RE/MAX Holdings, Inc.净利率更高（2.0% vs -73.2%，领先75.2%），ALERUS FINANCIAL CORP同比增速更快（18.0% vs -1.8%），ALERUS FINANCIAL CORP自由现金流更多（$58.8M vs $33.5M），过去两年ALERUS FINANCIAL CORP的营收复合增速更高（-2.5% vs -4.7%）
阿勒鲁斯金融公司（品牌简称Alerus）是一家连锁金融机构，总部位于北达科他州大福克斯，网点分布在北达科他、明尼苏达、威斯康星与亚利桑那州，为客户提供银行、抵押贷款、财富管理以及退休规划等多种金融服务。
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。
ALRS vs RMAX — 直观对比
营收规模更大
RMAX
是对方的1.6倍
$45.2M
营收增速更快
ALRS
高出19.8%
-1.8%
净利率更高
RMAX
高出75.2%
-73.2%
自由现金流更多
ALRS
多$25.3M
$33.5M
两年增速更快
ALRS
近两年复合增速
-4.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $45.2M | $71.1M |
| 净利润 | $-33.1M | $1.4M |
| 毛利率 | — | — |
| 营业利润率 | -96.0% | 13.1% |
| 净利率 | -73.2% | 2.0% |
| 营收同比 | 18.0% | -1.8% |
| 净利润同比 | -49232.8% | -75.2% |
| 每股收益（稀释后） | $-1.27 | — |
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ALRSRMAX
| Q4 25 | $45.2M | $71.1M | ||
| Q3 25 | $72.6M | $73.2M | ||
| Q2 25 | $74.8M | $72.8M | ||
| Q1 25 | $68.8M | $74.5M | ||
| Q4 24 | $72.2M | $72.5M | ||
| Q3 24 | $50.9M | $78.5M | ||
| Q2 24 | $51.4M | $78.5M | ||
| Q1 24 | $47.5M | $78.3M |
净利润ALRSRMAX
| Q4 25 | $-33.1M | $1.4M | ||
| Q3 25 | $16.9M | $4.0M | ||
| Q2 25 | $20.3M | $4.7M | ||
| Q1 25 | $13.3M | $-2.0M | ||
| Q4 24 | $-67.0K | $5.8M | ||
| Q3 24 | $5.2M | $966.0K | ||
| Q2 24 | $6.2M | $3.7M | ||
| Q1 24 | $6.4M | $-3.4M |
营业利润率ALRSRMAX
| Q4 25 | -96.0% | 13.1% | ||
| Q3 25 | 30.4% | 25.0% | ||
| Q2 25 | 35.2% | 19.3% | ||
| Q1 25 | 25.5% | 7.2% | ||
| Q4 24 | -0.8% | 5.9% | ||
| Q3 24 | 13.4% | 19.4% | ||
| Q2 24 | 15.8% | 20.6% | ||
| Q1 24 | 17.9% | 5.8% |
净利率ALRSRMAX
| Q4 25 | -73.2% | 2.0% | ||
| Q3 25 | 23.3% | 5.4% | ||
| Q2 25 | 27.1% | 6.4% | ||
| Q1 25 | 19.4% | -2.6% | ||
| Q4 24 | -0.2% | 8.0% | ||
| Q3 24 | 10.2% | 1.2% | ||
| Q2 24 | 12.1% | 4.7% | ||
| Q1 24 | 13.5% | -4.3% |
每股收益（稀释后）ALRSRMAX
| Q4 25 | $-1.27 | — | ||
| Q3 25 | $0.65 | — | ||
| Q2 25 | $0.78 | — | ||
| Q1 25 | $0.52 | — | ||
| Q4 24 | $-0.06 | — | ||
| Q3 24 | $0.26 | — | ||
| Q2 24 | $0.31 | — | ||
| Q1 24 | $0.32 | — |
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 | $67.2M | $118.7M |
| 总债务越低越好 | $59.2M | $432.2M |
| 股东权益账面价值 | $564.9M | $452.4M |
| 总资产 | $5.2B | $582.5M |
| 负债/权益比越低杠杆越低 | 0.10× | 0.96× |
8季度趋势，按日历期对齐
现金及短期投资ALRSRMAX
| Q4 25 | $67.2M | $118.7M | ||
| Q3 25 | $92.0M | $107.5M | ||
| Q2 25 | $80.9M | $94.3M | ||
| Q1 25 | $83.0M | $89.1M | ||
| Q4 24 | $61.2M | $96.6M | ||
| Q3 24 | $66.0M | $83.8M | ||
| Q2 24 | $438.1M | $66.1M | ||
| Q1 24 | $545.8M | $82.1M |
总债务ALRSRMAX
| Q4 25 | $59.2M | $432.2M | ||
| Q3 25 | $59.2M | $433.3M | ||
| Q2 25 | $59.1M | $434.4M | ||
| Q1 25 | $59.1M | $435.3M | ||
| Q4 24 | $59.1M | $436.2M | ||
| Q3 24 | $59.0M | $437.2M | ||
| Q2 24 | $59.0M | $438.1M | ||
| Q1 24 | $59.0M | $439.0M |
股东权益ALRSRMAX
| Q4 25 | $564.9M | $452.4M | ||
| Q3 25 | $550.7M | $448.1M | ||
| Q2 25 | $533.2M | $442.4M | ||
| Q1 25 | $514.2M | $433.5M | ||
| Q4 24 | $495.4M | $429.5M | ||
| Q3 24 | $386.5M | $423.1M | ||
| Q2 24 | $373.2M | $418.4M | ||
| Q1 24 | $371.6M | $412.0M |
总资产ALRSRMAX
| Q4 25 | $5.2B | $582.5M | ||
| Q3 25 | $5.3B | $582.2M | ||
| Q2 25 | $5.3B | $574.8M | ||
| Q1 25 | $5.3B | $571.4M | ||
| Q4 24 | $5.3B | $581.6M | ||
| Q3 24 | $4.4B | $578.6M | ||
| Q2 24 | $4.4B | $571.4M | ||
| Q1 24 | $4.3B | $566.7M |
负债/权益比ALRSRMAX
| Q4 25 | 0.10× | 0.96× | ||
| Q3 25 | 0.11× | 0.97× | ||
| Q2 25 | 0.11× | 0.98× | ||
| Q1 25 | 0.11× | 1.00× | ||
| Q4 24 | 0.12× | 1.02× | ||
| Q3 24 | 0.15× | 1.03× | ||
| Q2 24 | 0.16× | 1.05× | ||
| Q1 24 | 0.16× | 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 | $67.5M | $40.9M |
| 自由现金流经营现金流 - 资本支出 | $58.8M | $33.5M |
| 自由现金流率自由现金流/营收 | 130.2% | 47.1% |
| 资本支出强度资本支出/营收 | 19.3% | 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 | $102.4M | $56.8M |
8季度趋势，按日历期对齐
经营现金流ALRSRMAX
| Q4 25 | $67.5M | $40.9M | ||
| Q3 25 | $32.8M | $17.7M | ||
| Q2 25 | $10.7M | $4.6M | ||
| Q1 25 | $7.7M | $5.7M | ||
| Q4 24 | $21.7M | $59.7M | ||
| Q3 24 | $20.2M | $17.6M | ||
| Q2 24 | $-12.5M | $15.9M | ||
| Q1 24 | $11.7M | $9.4M |
自由现金流ALRSRMAX
| Q4 25 | $58.8M | $33.5M | ||
| Q3 25 | $30.3M | $16.4M | ||
| Q2 25 | $7.6M | $2.9M | ||
| Q1 25 | $5.7M | $4.0M | ||
| Q4 24 | $9.4M | $53.0M | ||
| Q3 24 | $17.4M | $16.3M | ||
| Q2 24 | $-16.1M | $14.0M | ||
| Q1 24 | $10.8M | $6.8M |
自由现金流率ALRSRMAX
| Q4 25 | 130.2% | 47.1% | ||
| Q3 25 | 41.8% | 22.4% | ||
| Q2 25 | 10.1% | 4.0% | ||
| Q1 25 | 8.2% | 5.3% | ||
| Q4 24 | 13.0% | 73.2% | ||
| Q3 24 | 34.2% | 20.8% | ||
| Q2 24 | -31.4% | 17.8% | ||
| Q1 24 | 22.8% | 8.6% |
资本支出强度ALRSRMAX
| Q4 25 | 19.3% | 10.4% | ||
| Q3 25 | 3.4% | 1.8% | ||
| Q2 25 | 4.2% | 2.2% | ||
| Q1 25 | 3.0% | 2.3% | ||
| Q4 24 | 17.1% | 9.1% | ||
| Q3 24 | 5.4% | 1.7% | ||
| Q2 24 | 7.2% | 2.4% | ||
| Q1 24 | 1.9% | 3.3% |
现金转化率ALRSRMAX
| Q4 25 | — | 28.39× | ||
| Q3 25 | 1.94× | 4.45× | ||
| Q2 25 | 0.53× | 0.97× | ||
| Q1 25 | 0.58× | — | ||
| Q4 24 | — | 10.28× | ||
| Q3 24 | 3.88× | 18.22× | ||
| Q2 24 | -2.01× | 4.29× | ||
| Q1 24 | 1.82× | — |
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
ALRS
| Other | $17.3M | 38% |
| Retirement And Benefit Services | $17.3M | 38% |
| Wealth Management | $7.4M | 16% |
| Mortgage Banking | $3.2M | 7% |
RMAX
| Franchising Segment | $50.1M | 70% |
| Broker Fees | $13.9M | 20% |
| Annual Dues | $7.4M | 10% |
