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AlTi Global, Inc.（ALTI）与RMR GROUP INC.（RMR）财务数据对比。点击上方公司名可切换其他公司
AlTi Global, Inc.的季度营收约是RMR GROUP INC.的1.3倍（$86.6M vs $66.7M），RMR GROUP INC.净利率更高（18.3% vs -15.1%，领先33.4%），AlTi Global, Inc.同比增速更快（87.0% vs 40.8%）
该公司原名Cristal Global，是全球第二大二氧化钛生产商，同时也是钛化学品的龙头供应商，由原国家二氧化钛有限公司与 Millennium Chemicals 合并组建而成，总部设于沙特阿拉伯吉达。该公司是全球第五大二氧化钛原料生产商Bemax的重要股东。
RMR集团是总部位于美国的另类资产管理企业，核心业务聚焦不动产及相关投资，覆盖商业地产、住宅物业、基础设施等赛道，服务全球核心市场的机构投资者、高净值人士及零售客户。
ALTI vs RMR — 直观对比
营收规模更大
ALTI
是对方的1.3倍
$66.7M
营收增速更快
ALTI
高出46.3%
40.8%
净利率更高
RMR
高出33.4%
-15.1%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $86.6M | $66.7M |
| 净利润 | $-13.1M | $12.2M |
| 毛利率 | — | — |
| 营业利润率 | -2.1% | 48.1% |
| 净利率 | -15.1% | 18.3% |
| 营收同比 | 87.0% | 40.8% |
| 净利润同比 | 75.6% | 91.1% |
| 每股收益（稀释后） | — | $0.71 |
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ALTIRMR
| Q4 25 | $86.6M | $66.7M | ||
| Q3 25 | $57.2M | — | ||
| Q2 25 | $53.1M | — | ||
| Q1 25 | $58.0M | — | ||
| Q4 24 | $46.3M | — | ||
| Q3 24 | $51.8M | — | ||
| Q2 24 | $49.5M | — | ||
| Q1 24 | $50.8M | — |
净利润ALTIRMR
| Q4 25 | $-13.1M | $12.2M | ||
| Q3 25 | $-84.1M | — | ||
| Q2 25 | $-24.4M | — | ||
| Q1 25 | $1.9M | — | ||
| Q4 24 | $-53.8M | — | ||
| Q3 24 | $-72.5M | — | ||
| Q2 24 | $-6.4M | — | ||
| Q1 24 | $29.7M | — |
营业利润率ALTIRMR
| Q4 25 | -2.1% | 48.1% | ||
| Q3 25 | -49.8% | — | ||
| Q2 25 | -56.7% | — | ||
| Q1 25 | -23.3% | — | ||
| Q4 24 | -42.7% | — | ||
| Q3 24 | -18.4% | — | ||
| Q2 24 | -30.2% | — | ||
| Q1 24 | -28.9% | — |
净利率ALTIRMR
| Q4 25 | -15.1% | 18.3% | ||
| Q3 25 | -147.0% | — | ||
| Q2 25 | -45.9% | — | ||
| Q1 25 | 3.3% | — | ||
| Q4 24 | -116.1% | — | ||
| Q3 24 | -140.0% | — | ||
| Q2 24 | -12.9% | — | ||
| Q1 24 | 58.4% | — |
每股收益（稀释后）ALTIRMR
| Q4 25 | — | $0.71 | ||
| Q3 25 | — | — | ||
| Q2 25 | $-0.33 | — | ||
| Q1 25 | $-0.04 | — | ||
| Q4 24 | $-0.71 | — | ||
| Q3 24 | $-0.88 | — | ||
| Q2 24 | $-0.18 | — | ||
| Q1 24 | $0.18 | — |
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 | $41.2M | $49.3M |
| 总债务越低越好 | $883.0K | — |
| 股东权益账面价值 | $600.1M | $232.7M |
| 总资产 | $1.2B | $687.1M |
| 负债/权益比越低杠杆越低 | 0.00× | — |
8季度趋势，按日历期对齐
现金及短期投资ALTIRMR
| Q4 25 | $41.2M | $49.3M | ||
| Q3 25 | $35.8M | — | ||
| Q2 25 | $42.4M | — | ||
| Q1 25 | $52.8M | — | ||
| Q4 24 | $64.4M | — | ||
| Q3 24 | $220.6M | — | ||
| Q2 24 | $60.0M | — | ||
| Q1 24 | $134.2M | — |
总债务ALTIRMR
| Q4 25 | $883.0K | — | ||
| Q3 25 | $586.0K | — | ||
| Q2 25 | $673.0K | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $0 | — | ||
| Q3 24 | $128.4M | — | ||
| Q2 24 | $164.0M | — | ||
| Q1 24 | $183.7M | — |
股东权益ALTIRMR
| Q4 25 | $600.1M | $232.7M | ||
| Q3 25 | $607.2M | — | ||
| Q2 25 | $685.4M | — | ||
| Q1 25 | $665.2M | — | ||
| Q4 24 | $658.4M | — | ||
| Q3 24 | $707.0M | — | ||
| Q2 24 | $540.2M | — | ||
| Q1 24 | $510.9M | — |
总资产ALTIRMR
| Q4 25 | $1.2B | $687.1M | ||
| Q3 25 | $1.2B | — | ||
| Q2 25 | $1.2B | — | ||
| Q1 25 | $1.2B | — | ||
| Q4 24 | $1.3B | — | ||
| Q3 24 | $1.4B | — | ||
| Q2 24 | $1.3B | — | ||
| Q1 24 | $1.3B | — |
负债/权益比ALTIRMR
| Q4 25 | 0.00× | — | ||
| Q3 25 | 0.00× | — | ||
| Q2 25 | 0.00× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.00× | — | ||
| Q3 24 | 0.18× | — | ||
| Q2 24 | 0.30× | — | ||
| Q1 24 | 0.36× | — |
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 | $-51.4M | $10.7M |
| 自由现金流经营现金流 - 资本支出 | $-52.2M | — |
| 自由现金流率自由现金流/营收 | -60.3% | — |
| 资本支出强度资本支出/营收 | 0.9% | — |
| 现金转化率经营现金流/净利润 | — | 0.88× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流ALTIRMR
| Q4 25 | $-51.4M | $10.7M | ||
| Q3 25 | $-53.5M | — | ||
| Q2 25 | $-19.9M | — | ||
| Q1 25 | $-30.2M | — | ||
| Q4 24 | $-50.7M | — | ||
| Q3 24 | $-4.9M | — | ||
| Q2 24 | $-30.2M | — | ||
| Q1 24 | $-15.5M | — |
自由现金流ALTIRMR
| Q4 25 | $-52.2M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $-20.0M | — | ||
| Q1 25 | $-31.0M | — | ||
| Q4 24 | $-58.2M | — | ||
| Q3 24 | $-9.4M | — | ||
| Q2 24 | $-31.2M | — | ||
| Q1 24 | $-15.7M | — |
自由现金流率ALTIRMR
| Q4 25 | -60.3% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | -37.6% | — | ||
| Q1 25 | -53.4% | — | ||
| Q4 24 | -125.7% | — | ||
| Q3 24 | -18.2% | — | ||
| Q2 24 | -63.2% | — | ||
| Q1 24 | -30.9% | — |
资本支出强度ALTIRMR
| Q4 25 | 0.9% | — | ||
| Q3 25 | 0.0% | — | ||
| Q2 25 | 0.0% | — | ||
| Q1 25 | 1.3% | — | ||
| Q4 24 | 16.3% | — | ||
| Q3 24 | 8.7% | — | ||
| Q2 24 | 2.2% | — | ||
| Q1 24 | 0.4% | — |
现金转化率ALTIRMR
| Q4 25 | — | 0.88× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | -15.80× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | -0.52× | — |
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
ALTI
| Management Advisory Fees | $51.1M | 59% |
| Other | $32.7M | 38% |
| Distributions From Investments | $2.9M | 3% |
RMR
| Management Service Incentive | $23.6M | 35% |
| Industrial Logistics Properties Trust | $15.1M | 23% |
| Managed Private Real Estate Capital | $11.1M | 17% |
| Office Properties Income Trust | $5.6M | 8% |
| Other Private Entities | $5.3M | 8% |
| RMR Residential | $3.4M | 5% |
| Sonesta International Hotels Corporation | $2.1M | 3% |
| Investment Advisory Management And Administrative Service | $1.2M | 2% |
