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ASURE SOFTWARE INC（ASUR）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ASURE SOFTWARE INC的2.0倍（$71.1M vs $36.3M），RE/MAX Holdings, Inc.净利率更高（2.0% vs -14.8%，领先16.8%），ASURE SOFTWARE INC同比增速更快（23.7% vs -1.8%），RE/MAX Holdings, Inc.自由现金流更多（$33.5M vs $5.7M），过去两年ASURE SOFTWARE INC的营收复合增速更高（11.2% vs -4.7%）
Asure Software是一家软件企业，其前身为Forgent Networks，2007年9月完成品牌更名后，业务逐渐拓展至人力资本管理领域，为客户提供薪资发放、考勤管理、人才管理、人力资源管理、福利管理以及保险相关服务等解决方案。
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。
ASUR vs RMAX — 直观对比
营收规模更大
RMAX
是对方的2.0倍
$36.3M
营收增速更快
ASUR
高出25.5%
-1.8%
净利率更高
RMAX
高出16.8%
-14.8%
自由现金流更多
RMAX
多$27.9M
$5.7M
两年增速更快
ASUR
近两年复合增速
-4.7%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $36.3M | $71.1M |
| 净利润 | $-5.4M | $1.4M |
| 毛利率 | 63.8% | — |
| 营业利润率 | -9.7% | 13.1% |
| 净利率 | -14.8% | 2.0% |
| 营收同比 | 23.7% | -1.8% |
| 净利润同比 | -37.5% | -75.2% |
| 每股收益（稀释后） | $-0.19 | — |
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ASURRMAX
| Q4 25 | — | $71.1M | ||
| Q3 25 | $36.3M | $73.2M | ||
| Q2 25 | $30.1M | $72.8M | ||
| Q1 25 | $34.9M | $74.5M | ||
| Q4 24 | — | $72.5M | ||
| Q3 24 | $29.3M | $78.5M | ||
| Q2 24 | $28.0M | $78.5M | ||
| Q1 24 | $31.7M | $78.3M |
净利润ASURRMAX
| Q4 25 | — | $1.4M | ||
| Q3 25 | $-5.4M | $4.0M | ||
| Q2 25 | $-6.1M | $4.7M | ||
| Q1 25 | $-2.4M | $-2.0M | ||
| Q4 24 | — | $5.8M | ||
| Q3 24 | $-3.9M | $966.0K | ||
| Q2 24 | $-4.4M | $3.7M | ||
| Q1 24 | $-308.0K | $-3.4M |
毛利率ASURRMAX
| Q4 25 | — | — | ||
| Q3 25 | 63.8% | — | ||
| Q2 25 | 66.1% | — | ||
| Q1 25 | 70.6% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 67.2% | — | ||
| Q2 24 | 67.3% | — | ||
| Q1 24 | 71.4% | — |
营业利润率ASURRMAX
| Q4 25 | — | 13.1% | ||
| Q3 25 | -9.7% | 25.0% | ||
| Q2 25 | -15.4% | 19.3% | ||
| Q1 25 | -5.8% | 7.2% | ||
| Q4 24 | — | 5.9% | ||
| Q3 24 | -12.4% | 19.4% | ||
| Q2 24 | -14.9% | 20.6% | ||
| Q1 24 | -1.4% | 5.8% |
净利率ASURRMAX
| Q4 25 | — | 2.0% | ||
| Q3 25 | -14.8% | 5.4% | ||
| Q2 25 | -20.3% | 6.4% | ||
| Q1 25 | -6.9% | -2.6% | ||
| Q4 24 | — | 8.0% | ||
| Q3 24 | -13.3% | 1.2% | ||
| Q2 24 | -15.5% | 4.7% | ||
| Q1 24 | -1.0% | -4.3% |
每股收益（稀释后）ASURRMAX
| Q4 25 | — | — | ||
| Q3 25 | $-0.19 | — | ||
| Q2 25 | $-0.22 | — | ||
| Q1 25 | $-0.09 | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $-0.15 | — | ||
| Q2 24 | $-0.17 | — | ||
| Q1 24 | $-0.01 | — |
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 | $21.5M | $118.7M |
| 总债务越低越好 | $70.4M | $432.2M |
| 股东权益账面价值 | $193.1M | $452.4M |
| 总资产 | $447.1M | $582.5M |
| 负债/权益比越低杠杆越低 | 0.36× | 0.96× |
8季度趋势，按日历期对齐
现金及短期投资ASURRMAX
| Q4 25 | — | $118.7M | ||
| Q3 25 | $21.5M | $107.5M | ||
| Q2 25 | $66.0M | $94.3M | ||
| Q1 25 | $14.1M | $89.1M | ||
| Q4 24 | — | $96.6M | ||
| Q3 24 | $11.2M | $83.8M | ||
| Q2 24 | $20.7M | $66.1M | ||
| Q1 24 | $23.2M | $82.1M |
总债务ASURRMAX
| Q4 25 | — | $432.2M | ||
| Q3 25 | $70.4M | $433.3M | ||
| Q2 25 | $67.4M | $434.4M | ||
| Q1 25 | $14.1M | $435.3M | ||
| Q4 24 | — | $436.2M | ||
| Q3 24 | $7.5M | $437.2M | ||
| Q2 24 | $6.0M | $438.1M | ||
| Q1 24 | $5.3M | $439.0M |
股东权益ASURRMAX
| Q4 25 | — | $452.4M | ||
| Q3 25 | $193.1M | $448.1M | ||
| Q2 25 | $194.3M | $442.4M | ||
| Q1 25 | $197.7M | $433.5M | ||
| Q4 24 | — | $429.5M | ||
| Q3 24 | $199.2M | $423.1M | ||
| Q2 24 | $195.5M | $418.4M | ||
| Q1 24 | $197.7M | $412.0M |
总资产ASURRMAX
| Q4 25 | — | $582.5M | ||
| Q3 25 | $447.1M | $582.2M | ||
| Q2 25 | $505.6M | $574.8M | ||
| Q1 25 | $498.9M | $571.4M | ||
| Q4 24 | — | $581.6M | ||
| Q3 24 | $428.1M | $578.6M | ||
| Q2 24 | $420.1M | $571.4M | ||
| Q1 24 | $469.3M | $566.7M |
负债/权益比ASURRMAX
| Q4 25 | — | 0.96× | ||
| Q3 25 | 0.36× | 0.97× | ||
| Q2 25 | 0.35× | 0.98× | ||
| Q1 25 | 0.07× | 1.00× | ||
| Q4 24 | — | 1.02× | ||
| Q3 24 | 0.04× | 1.03× | ||
| Q2 24 | 0.03× | 1.05× | ||
| Q1 24 | 0.03× | 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 | $5.8M | $40.9M |
| 自由现金流经营现金流 - 资本支出 | $5.7M | $33.5M |
| 自由现金流率自由现金流/营收 | 15.6% | 47.1% |
| 资本支出强度资本支出/营收 | 0.3% | 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 | $11.6M | $56.8M |
8季度趋势，按日历期对齐
经营现金流ASURRMAX
| Q4 25 | — | $40.9M | ||
| Q3 25 | $5.8M | $17.7M | ||
| Q2 25 | $3.2M | $4.6M | ||
| Q1 25 | $2.0M | $5.7M | ||
| Q4 24 | — | $59.7M | ||
| Q3 24 | $1.3M | $17.6M | ||
| Q2 24 | $2.2M | $15.9M | ||
| Q1 24 | $-3.9M | $9.4M |
自由现金流ASURRMAX
| Q4 25 | — | $33.5M | ||
| Q3 25 | $5.7M | $16.4M | ||
| Q2 25 | $3.0M | $2.9M | ||
| Q1 25 | $1.8M | $4.0M | ||
| Q4 24 | — | $53.0M | ||
| Q3 24 | $1.2M | $16.3M | ||
| Q2 24 | $2.1M | $14.0M | ||
| Q1 24 | $-4.2M | $6.8M |
自由现金流率ASURRMAX
| Q4 25 | — | 47.1% | ||
| Q3 25 | 15.6% | 22.4% | ||
| Q2 25 | 9.8% | 4.0% | ||
| Q1 25 | 5.2% | 5.3% | ||
| Q4 24 | — | 73.2% | ||
| Q3 24 | 3.9% | 20.8% | ||
| Q2 24 | 7.5% | 17.8% | ||
| Q1 24 | -13.2% | 8.6% |
资本支出强度ASURRMAX
| Q4 25 | — | 10.4% | ||
| Q3 25 | 0.3% | 1.8% | ||
| Q2 25 | 0.7% | 2.2% | ||
| Q1 25 | 0.6% | 2.3% | ||
| Q4 24 | — | 9.1% | ||
| Q3 24 | 0.6% | 1.7% | ||
| Q2 24 | 0.5% | 2.4% | ||
| Q1 24 | 0.8% | 3.3% |
现金转化率ASURRMAX
| Q4 25 | — | 28.39× | ||
| Q3 25 | — | 4.45× | ||
| Q2 25 | — | 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
ASUR
| Recurring | $31.8M | 88% |
| Lathem Time | $4.6M | 13% |
RMAX
| Franchising Segment | $50.1M | 70% |
| Broker Fees | $13.9M | 20% |
| Annual Dues | $7.4M | 10% |
