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Armour Residential REIT, Inc.（ARR）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Armour Residential REIT, Inc.的1.4倍（$71.1M vs $50.4M），Armour Residential REIT, Inc.净利率更高（420.2% vs 2.0%，领先418.2%），Armour Residential REIT, Inc.同比增速更快（297.9% vs -1.8%），过去两年Armour Residential REIT, Inc.的营收复合增速更高（108.0% vs -4.7%）
Armour Residential REIT, Inc.是一家总部位于美国的房地产投资信托企业，主要投资由美国政府支持机构担保的机构级住宅抵押贷款支持证券，通过专业资产管理和风险管控为股东创造长期稳定的净收益。
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。
ARR vs RMAX — 直观对比
营收规模更大
RMAX
是对方的1.4倍
$50.4M
营收增速更快
ARR
高出299.7%
-1.8%
净利率更高
ARR
高出418.2%
2.0%
两年增速更快
ARR
近两年复合增速
-4.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $50.4M | $71.1M |
| 净利润 | $211.7M | $1.4M |
| 毛利率 | — | — |
| 营业利润率 | — | 13.1% |
| 净利率 | 420.2% | 2.0% |
| 营收同比 | 297.9% | -1.8% |
| 净利润同比 | 555.9% | -75.2% |
| 每股收益（稀释后） | $2.43 | — |
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ARRRMAX
| Q4 25 | $50.4M | $71.1M | ||
| Q3 25 | $38.5M | $73.2M | ||
| Q2 25 | $33.1M | $72.8M | ||
| Q1 25 | $36.3M | $74.5M | ||
| Q4 24 | $12.7M | $72.5M | ||
| Q3 24 | — | $78.5M | ||
| Q2 24 | $7.0M | $78.5M | ||
| Q1 24 | — | $78.3M |
净利润ARRRMAX
| Q4 25 | $211.7M | $1.4M | ||
| Q3 25 | $159.3M | $4.0M | ||
| Q2 25 | $-75.6M | $4.7M | ||
| Q1 25 | $27.3M | $-2.0M | ||
| Q4 24 | $-46.4M | $5.8M | ||
| Q3 24 | — | $966.0K | ||
| Q2 24 | $-48.4M | $3.7M | ||
| Q1 24 | — | $-3.4M |
营业利润率ARRRMAX
| Q4 25 | — | 13.1% | ||
| Q3 25 | — | 25.0% | ||
| Q2 25 | — | 19.3% | ||
| Q1 25 | — | 7.2% | ||
| Q4 24 | — | 5.9% | ||
| Q3 24 | — | 19.4% | ||
| Q2 24 | — | 20.6% | ||
| Q1 24 | — | 5.8% |
净利率ARRRMAX
| Q4 25 | 420.2% | 2.0% | ||
| Q3 25 | 413.5% | 5.4% | ||
| Q2 25 | -228.4% | 6.4% | ||
| Q1 25 | 75.2% | -2.6% | ||
| Q4 24 | -366.8% | 8.0% | ||
| Q3 24 | — | 1.2% | ||
| Q2 24 | -693.8% | 4.7% | ||
| Q1 24 | — | -4.3% |
每股收益（稀释后）ARRRMAX
| Q4 25 | $2.43 | — | ||
| Q3 25 | $1.49 | — | ||
| Q2 25 | $-0.94 | — | ||
| Q1 25 | $0.32 | — | ||
| Q4 24 | $-0.91 | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $-1.05 | — | ||
| Q1 24 | — | — |
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 | $63.3M | $118.7M |
| 总债务越低越好 | — | $432.2M |
| 股东权益账面价值 | $2.3B | $452.4M |
| 总资产 | $21.0B | $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ARRRMAX
| Q4 25 | $63.3M | $118.7M | ||
| Q3 25 | $44.2M | $107.5M | ||
| Q2 25 | $141.2M | $94.3M | ||
| Q1 25 | $49.1M | $89.1M | ||
| Q4 24 | $68.0M | $96.6M | ||
| Q3 24 | — | $83.8M | ||
| Q2 24 | $126.6M | $66.1M | ||
| Q1 24 | — | $82.1M |
总债务ARRRMAX
| 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ARRRMAX
| Q4 25 | $2.3B | $452.4M | ||
| Q3 25 | $2.1B | $448.1M | ||
| Q2 25 | $1.7B | $442.4M | ||
| Q1 25 | $1.7B | $433.5M | ||
| Q4 24 | $1.4B | $429.5M | ||
| Q3 24 | — | $423.1M | ||
| Q2 24 | $1.2B | $418.4M | ||
| Q1 24 | — | $412.0M |
总资产ARRRMAX
| Q4 25 | $21.0B | $582.5M | ||
| Q3 25 | $19.4B | $582.2M | ||
| Q2 25 | $16.2B | $574.8M | ||
| Q1 25 | $15.5B | $571.4M | ||
| Q4 24 | $13.5B | $581.6M | ||
| Q3 24 | — | $578.6M | ||
| Q2 24 | $10.1B | $571.4M | ||
| Q1 24 | — | $566.7M |
负债/权益比ARRRMAX
| 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 | $124.2M | $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 | 0.59× | 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ARRRMAX
| Q4 25 | $124.2M | $40.9M | ||
| Q3 25 | $-37.8M | $17.7M | ||
| Q2 25 | $25.0M | $4.6M | ||
| Q1 25 | $101.5M | $5.7M | ||
| Q4 24 | $261.5M | $59.7M | ||
| Q3 24 | — | $17.6M | ||
| Q2 24 | $27.1M | $15.9M | ||
| Q1 24 | — | $9.4M |
自由现金流ARRRMAX
| Q4 25 | — | $33.5M | ||
| Q3 25 | — | $16.4M | ||
| Q2 25 | — | $2.9M | ||
| Q1 25 | — | $4.0M | ||
| Q4 24 | — | $53.0M | ||
| Q3 24 | — | $16.3M | ||
| Q2 24 | — | $14.0M | ||
| Q1 24 | — | $6.8M |
自由现金流率ARRRMAX
| Q4 25 | — | 47.1% | ||
| Q3 25 | — | 22.4% | ||
| Q2 25 | — | 4.0% | ||
| Q1 25 | — | 5.3% | ||
| Q4 24 | — | 73.2% | ||
| Q3 24 | — | 20.8% | ||
| Q2 24 | — | 17.8% | ||
| Q1 24 | — | 8.6% |
资本支出强度ARRRMAX
| Q4 25 | — | 10.4% | ||
| Q3 25 | — | 1.8% | ||
| Q2 25 | — | 2.2% | ||
| Q1 25 | — | 2.3% | ||
| Q4 24 | — | 9.1% | ||
| Q3 24 | — | 1.7% | ||
| Q2 24 | — | 2.4% | ||
| Q1 24 | — | 3.3% |
现金转化率ARRRMAX
| Q4 25 | 0.59× | 28.39× | ||
| Q3 25 | -0.24× | 4.45× | ||
| Q2 25 | — | 0.97× | ||
| Q1 25 | 3.71× | — | ||
| 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
ARR
暂无分部数据
RMAX
| Franchising Segment | $50.1M | 70% |
| Broker Fees | $13.9M | 20% |
| Annual Dues | $7.4M | 10% |
