vs
American Outdoor Brands, Inc.（AOUT）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American Outdoor Brands, Inc.的1.2倍（$71.1M vs $57.2M），American Outdoor Brands, Inc.净利率更高（3.6% vs 2.0%，领先1.6%），RE/MAX Holdings, Inc.同比增速更快（-1.8% vs -5.0%），RE/MAX Holdings, Inc.自由现金流更多（$33.5M vs $-14.1M），过去两年American Outdoor Brands, Inc.的营收复合增速更高（3.5% vs -4.7%）
Deckers Brands（原Deckers Outdoor Corporation）是美国鞋履设计与分销企业，1973年成立，总部位于加利福尼亚州戈利塔，由道格·奥托与卡尔·F·洛普克创立，旗下拥有UGG、Teva、Hoka等多个知名品牌。
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。
AOUT vs RMAX — 直观对比
营收规模更大
RMAX
是对方的1.2倍
$57.2M
营收增速更快
RMAX
高出3.2%
-5.0%
净利率更高
AOUT
高出1.6%
2.0%
自由现金流更多
RMAX
多$47.6M
$-14.1M
两年增速更快
AOUT
近两年复合增速
-4.7%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $57.2M | $71.1M |
| 净利润 | $2.1M | $1.4M |
| 毛利率 | 45.6% | — |
| 营业利润率 | 3.7% | 13.1% |
| 净利率 | 3.6% | 2.0% |
| 营收同比 | -5.0% | -1.8% |
| 净利润同比 | -33.3% | -75.2% |
| 每股收益（稀释后） | $0.16 | — |
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AOUTRMAX
| Q4 25 | $57.2M | $71.1M | ||
| Q3 25 | $29.7M | $73.2M | ||
| Q2 25 | $61.9M | $72.8M | ||
| Q1 25 | $58.5M | $74.5M | ||
| Q4 24 | $60.2M | $72.5M | ||
| Q3 24 | $41.6M | $78.5M | ||
| Q2 24 | $46.3M | $78.5M | ||
| Q1 24 | $53.4M | $78.3M |
净利润AOUTRMAX
| Q4 25 | $2.1M | $1.4M | ||
| Q3 25 | $-6.8M | $4.0M | ||
| Q2 25 | $-992.0K | $4.7M | ||
| Q1 25 | $169.0K | $-2.0M | ||
| Q4 24 | $3.1M | $5.8M | ||
| Q3 24 | $-2.4M | $966.0K | ||
| Q2 24 | $-5.3M | $3.7M | ||
| Q1 24 | $-2.9M | $-3.4M |
毛利率AOUTRMAX
| Q4 25 | 45.6% | — | ||
| Q3 25 | 46.7% | — | ||
| Q2 25 | 40.9% | — | ||
| Q1 25 | 44.7% | — | ||
| Q4 24 | 48.0% | — | ||
| Q3 24 | 45.4% | — | ||
| Q2 24 | 41.9% | — | ||
| Q1 24 | 42.7% | — |
营业利润率AOUTRMAX
| Q4 25 | 3.7% | 13.1% | ||
| Q3 25 | -23.0% | 25.0% | ||
| Q2 25 | -1.5% | 19.3% | ||
| Q1 25 | 0.5% | 7.2% | ||
| Q4 24 | 5.1% | 5.9% | ||
| Q3 24 | -6.2% | 19.4% | ||
| Q2 24 | -11.9% | 20.6% | ||
| Q1 24 | -5.4% | 5.8% |
净利率AOUTRMAX
| Q4 25 | 3.6% | 2.0% | ||
| Q3 25 | -23.0% | 5.4% | ||
| Q2 25 | -1.6% | 6.4% | ||
| Q1 25 | 0.3% | -2.6% | ||
| Q4 24 | 5.2% | 8.0% | ||
| Q3 24 | -5.7% | 1.2% | ||
| Q2 24 | -11.5% | 4.7% | ||
| Q1 24 | -5.4% | -4.3% |
每股收益（稀释后）AOUTRMAX
| Q4 25 | $0.16 | — | ||
| Q3 25 | $-0.54 | — | ||
| Q2 25 | $-0.08 | — | ||
| Q1 25 | $0.01 | — | ||
| Q4 24 | $0.24 | — | ||
| Q3 24 | $-0.18 | — | ||
| Q2 24 | $-0.41 | — | ||
| Q1 24 | $-0.23 | — |
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 | $3.1M | $118.7M |
| 总债务越低越好 | — | $432.2M |
| 股东权益账面价值 | $170.4M | $452.4M |
| 总资产 | $240.9M | $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AOUTRMAX
| Q4 25 | $3.1M | $118.7M | ||
| Q3 25 | $17.8M | $107.5M | ||
| Q2 25 | $23.4M | $94.3M | ||
| Q1 25 | $17.1M | $89.1M | ||
| Q4 24 | $14.2M | $96.6M | ||
| Q3 24 | $23.5M | $83.8M | ||
| Q2 24 | $29.7M | $66.1M | ||
| Q1 24 | $15.9M | $82.1M |
总债务AOUTRMAX
| 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AOUTRMAX
| Q4 25 | $170.4M | $452.4M | ||
| Q3 25 | $167.8M | $448.1M | ||
| Q2 25 | $177.6M | $442.4M | ||
| Q1 25 | $178.7M | $433.5M | ||
| Q4 24 | $178.9M | $429.5M | ||
| Q3 24 | $175.7M | $423.1M | ||
| Q2 24 | $177.9M | $418.4M | ||
| Q1 24 | $182.4M | $412.0M |
总资产AOUTRMAX
| Q4 25 | $240.9M | $582.5M | ||
| Q3 25 | $241.9M | $582.2M | ||
| Q2 25 | $246.4M | $574.8M | ||
| Q1 25 | $245.9M | $571.4M | ||
| Q4 24 | $254.1M | $581.6M | ||
| Q3 24 | $244.8M | $578.6M | ||
| Q2 24 | $240.6M | $571.4M | ||
| Q1 24 | $239.1M | $566.7M |
负债/权益比AOUTRMAX
| 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 | $-13.3M | $40.9M |
| 自由现金流经营现金流 - 资本支出 | $-14.1M | $33.5M |
| 自由现金流率自由现金流/营收 | -24.6% | 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 | -6.41× | 28.39× |
| 过去12个月自由现金流最近4个季度 | $-4.7M | $56.8M |
8季度趋势，按日历期对齐
经营现金流AOUTRMAX
| Q4 25 | $-13.3M | $40.9M | ||
| Q3 25 | $-1.7M | $17.7M | ||
| Q2 25 | $7.8M | $4.6M | ||
| Q1 25 | $5.9M | $5.7M | ||
| Q4 24 | $-7.9M | $59.7M | ||
| Q3 24 | $-4.4M | $17.6M | ||
| Q2 24 | $14.7M | $15.9M | ||
| Q1 24 | $13.0M | $9.4M |
自由现金流AOUTRMAX
| Q4 25 | $-14.1M | $33.5M | ||
| Q3 25 | $-2.0M | $16.4M | ||
| Q2 25 | $7.2M | $2.9M | ||
| Q1 25 | $4.2M | $4.0M | ||
| Q4 24 | $-8.0M | $53.0M | ||
| Q3 24 | $-5.2M | $16.3M | ||
| Q2 24 | $14.2M | $14.0M | ||
| Q1 24 | $9.7M | $6.8M |
自由现金流率AOUTRMAX
| Q4 25 | -24.6% | 47.1% | ||
| Q3 25 | -6.7% | 22.4% | ||
| Q2 25 | 11.6% | 4.0% | ||
| Q1 25 | 7.2% | 5.3% | ||
| Q4 24 | -13.3% | 73.2% | ||
| Q3 24 | -12.5% | 20.8% | ||
| Q2 24 | 30.6% | 17.8% | ||
| Q1 24 | 18.2% | 8.6% |
资本支出强度AOUTRMAX
| Q4 25 | 1.3% | 10.4% | ||
| Q3 25 | 1.0% | 1.8% | ||
| Q2 25 | 0.9% | 2.2% | ||
| Q1 25 | 2.9% | 2.3% | ||
| Q4 24 | 0.1% | 9.1% | ||
| Q3 24 | 2.0% | 1.7% | ||
| Q2 24 | 1.1% | 2.4% | ||
| Q1 24 | 6.2% | 3.3% |
现金转化率AOUTRMAX
| Q4 25 | -6.41× | 28.39× | ||
| Q3 25 | — | 4.45× | ||
| Q2 25 | — | 0.97× | ||
| Q1 25 | 34.86× | — | ||
| Q4 24 | -2.55× | 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
AOUT
| Traditional Channels Net Sales | $36.8M | 64% |
| E Commerce Channels Net Sales | $20.4M | 36% |
RMAX
| Franchising Segment | $50.1M | 70% |
| Broker Fees | $13.9M | 20% |
| Annual Dues | $7.4M | 10% |
