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Arlo Technologies, Inc.（ARLO）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
Arlo Technologies, Inc.的季度营收约是RE/MAX Holdings, Inc.的2.0倍（$141.3M vs $71.1M），Arlo Technologies, Inc.净利率更高（4.1% vs 2.0%，领先2.1%），Arlo Technologies, Inc.同比增速更快（16.2% vs -1.8%），过去两年Arlo Technologies, Inc.的营收复合增速更高（6.7% vs -4.7%）
Arlo Technologies是一家专注于无线监控摄像头研发生产的美国企业。在2018年8月于纽交所完成首次公开募股之前，Arlo一直是网件（Netgear）旗下的监控产品品牌，IPO之后网件仍持有该公司多数控制权。
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。
ARLO vs RMAX — 直观对比
营收规模更大
ARLO
是对方的2.0倍
$71.1M
营收增速更快
ARLO
高出18.1%
-1.8%
净利率更高
ARLO
高出2.1%
2.0%
两年增速更快
ARLO
近两年复合增速
-4.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $141.3M | $71.1M |
| 净利润 | $5.8M | $1.4M |
| 毛利率 | 46.4% | — |
| 营业利润率 | 3.3% | 13.1% |
| 净利率 | 4.1% | 2.0% |
| 营收同比 | 16.2% | -1.8% |
| 净利润同比 | 218.6% | -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
营收ARLORMAX
| Q4 25 | $141.3M | $71.1M | ||
| Q3 25 | $139.5M | $73.2M | ||
| Q2 25 | $129.4M | $72.8M | ||
| Q1 25 | $119.1M | $74.5M | ||
| Q4 24 | $121.6M | $72.5M | ||
| Q3 24 | $137.7M | $78.5M | ||
| Q2 24 | $127.4M | $78.5M | ||
| Q1 24 | $124.2M | $78.3M |
净利润ARLORMAX
| Q4 25 | $5.8M | $1.4M | ||
| Q3 25 | $6.9M | $4.0M | ||
| Q2 25 | $3.1M | $4.7M | ||
| Q1 25 | $-835.0K | $-2.0M | ||
| Q4 24 | $-4.9M | $5.8M | ||
| Q3 24 | $-4.4M | $966.0K | ||
| Q2 24 | $-11.6M | $3.7M | ||
| Q1 24 | $-9.6M | $-3.4M |
毛利率ARLORMAX
| Q4 25 | 46.4% | — | ||
| Q3 25 | 40.5% | — | ||
| Q2 25 | 44.9% | — | ||
| Q1 25 | 44.3% | — | ||
| Q4 24 | 36.9% | — | ||
| Q3 24 | 35.2% | — | ||
| Q2 24 | 36.8% | — | ||
| Q1 24 | 38.1% | — |
营业利润率ARLORMAX
| Q4 25 | 3.3% | 13.1% | ||
| Q3 25 | 0.6% | 25.0% | ||
| Q2 25 | 1.5% | 19.3% | ||
| Q1 25 | -1.2% | 7.2% | ||
| Q4 24 | -5.0% | 5.9% | ||
| Q3 24 | -4.0% | 19.4% | ||
| Q2 24 | -10.0% | 20.6% | ||
| Q1 24 | -8.5% | 5.8% |
净利率ARLORMAX
| Q4 25 | 4.1% | 2.0% | ||
| Q3 25 | 4.9% | 5.4% | ||
| Q2 25 | 2.4% | 6.4% | ||
| Q1 25 | -0.7% | -2.6% | ||
| Q4 24 | -4.0% | 8.0% | ||
| Q3 24 | -3.2% | 1.2% | ||
| Q2 24 | -9.1% | 4.7% | ||
| Q1 24 | -7.8% | -4.3% |
每股收益（稀释后）ARLORMAX
| Q4 25 | $0.06 | — | ||
| Q3 25 | $0.06 | — | ||
| Q2 25 | $0.03 | — | ||
| Q1 25 | $-0.01 | — | ||
| Q4 24 | $-0.05 | — | ||
| Q3 24 | $-0.04 | — | ||
| Q2 24 | $-0.12 | — | ||
| Q1 24 | $-0.10 | — |
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 | $146.4M | $118.7M |
| 总债务越低越好 | — | $432.2M |
| 股东权益账面价值 | $127.8M | $452.4M |
| 总资产 | $310.5M | $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ARLORMAX
| Q4 25 | $146.4M | $118.7M | ||
| Q3 25 | $86.0M | $107.5M | ||
| Q2 25 | $71.2M | $94.3M | ||
| Q1 25 | $84.0M | $89.1M | ||
| Q4 24 | $82.0M | $96.6M | ||
| Q3 24 | $77.0M | $83.8M | ||
| Q2 24 | $62.9M | $66.1M | ||
| Q1 24 | $62.1M | $82.1M |
总债务ARLORMAX
| 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ARLORMAX
| Q4 25 | $127.8M | $452.4M | ||
| Q3 25 | $129.2M | $448.1M | ||
| Q2 25 | $118.3M | $442.4M | ||
| Q1 25 | $103.4M | $433.5M | ||
| Q4 24 | $100.9M | $429.5M | ||
| Q3 24 | $96.9M | $423.1M | ||
| Q2 24 | $99.3M | $418.4M | ||
| Q1 24 | $99.9M | $412.0M |
总资产ARLORMAX
| Q4 25 | $310.5M | $582.5M | ||
| Q3 25 | $350.9M | $582.2M | ||
| Q2 25 | $319.7M | $574.8M | ||
| Q1 25 | $296.6M | $571.4M | ||
| Q4 24 | $298.4M | $581.6M | ||
| Q3 24 | $312.4M | $578.6M | ||
| Q2 24 | $295.8M | $571.4M | ||
| Q1 24 | $289.8M | $566.7M |
负债/权益比ARLORMAX
| 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 | $19.8M | $40.9M |
| 自由现金流经营现金流 - 资本支出 | — | $33.5M |
| 自由现金流率自由现金流/营收 | — | 47.1% |
| 资本支出强度资本支出/营收 | — | 10.4% |
| 现金转化率经营现金流/净利润 | 3.43× | 28.39× |
| 过去12个月自由现金流最近4个季度 | — | $56.8M |
8季度趋势，按日历期对齐
经营现金流ARLORMAX
| Q4 25 | $19.8M | $40.9M | ||
| Q3 25 | $19.2M | $17.7M | ||
| Q2 25 | $8.8M | $4.6M | ||
| Q1 25 | $30.9M | $5.7M | ||
| Q4 24 | $6.7M | $59.7M | ||
| Q3 24 | $18.4M | $17.6M | ||
| Q2 24 | $6.5M | $15.9M | ||
| Q1 24 | $19.8M | $9.4M |
自由现金流ARLORMAX
| Q4 25 | — | $33.5M | ||
| Q3 25 | — | $16.4M | ||
| Q2 25 | — | $2.9M | ||
| Q1 25 | $28.1M | $4.0M | ||
| Q4 24 | $5.6M | $53.0M | ||
| Q3 24 | $17.4M | $16.3M | ||
| Q2 24 | $6.2M | $14.0M | ||
| Q1 24 | $19.4M | $6.8M |
自由现金流率ARLORMAX
| Q4 25 | — | 47.1% | ||
| Q3 25 | — | 22.4% | ||
| Q2 25 | — | 4.0% | ||
| Q1 25 | 23.6% | 5.3% | ||
| Q4 24 | 4.6% | 73.2% | ||
| Q3 24 | 12.6% | 20.8% | ||
| Q2 24 | 4.8% | 17.8% | ||
| Q1 24 | 15.7% | 8.6% |
资本支出强度ARLORMAX
| Q4 25 | — | 10.4% | ||
| Q3 25 | — | 1.8% | ||
| Q2 25 | — | 2.2% | ||
| Q1 25 | 2.4% | 2.3% | ||
| Q4 24 | 0.9% | 9.1% | ||
| Q3 24 | 0.7% | 1.7% | ||
| Q2 24 | 0.2% | 2.4% | ||
| Q1 24 | 0.3% | 3.3% |
现金转化率ARLORMAX
| Q4 25 | 3.43× | 28.39× | ||
| Q3 25 | 2.79× | 4.45× | ||
| Q2 25 | 2.83× | 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
ARLO
| Subscriptions And Services | $89.4M | 63% |
| Products | $51.9M | 37% |
RMAX
| Franchising Segment | $50.1M | 70% |
| Broker Fees | $13.9M | 20% |
| Annual Dues | $7.4M | 10% |
