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A10 Networks, Inc.（ATEN）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
A10 Networks, Inc.的季度营收约是RE/MAX Holdings, Inc.的1.1倍（$75.0M vs $71.1M），A10 Networks, Inc.净利率更高（16.0% vs 2.0%，领先14.0%），A10 Networks, Inc.同比增速更快（13.4% vs -1.8%），过去两年A10 Networks, Inc.的营收复合增速更高（11.7% vs -4.7%）
A10 Networks是一家美国公开上市科技企业，2004年由前Foundry Networks联合创始人陈岚创立，核心业务为研发制造应用交付控制器。企业最初依托ID系列产品专注身份管理领域，2007年初新增带宽管理设备业务，2014年完成首次公开募股，募资1.875亿美元。
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。
ATEN vs RMAX — 直观对比
营收规模更大
ATEN
是对方的1.1倍
$71.1M
营收增速更快
ATEN
高出15.2%
-1.8%
净利率更高
ATEN
高出14.0%
2.0%
两年增速更快
ATEN
近两年复合增速
-4.7%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $75.0M | $71.1M |
| 净利润 | $12.0M | $1.4M |
| 毛利率 | 79.6% | — |
| 营业利润率 | 17.3% | 13.1% |
| 净利率 | 16.0% | 2.0% |
| 营收同比 | 13.4% | -1.8% |
| 净利润同比 | — | -75.2% |
| 每股收益（稀释后） | $0.17 | — |
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ATENRMAX
| Q1 26 | $75.0M | — | ||
| Q4 25 | $80.4M | $71.1M | ||
| Q3 25 | $74.7M | $73.2M | ||
| Q2 25 | $69.4M | $72.8M | ||
| Q1 25 | $66.1M | $74.5M | ||
| Q4 24 | $74.2M | $72.5M | ||
| Q3 24 | $66.7M | $78.5M | ||
| Q2 24 | $60.1M | $78.5M |
净利润ATENRMAX
| Q1 26 | $12.0M | — | ||
| Q4 25 | $9.9M | $1.4M | ||
| Q3 25 | $12.2M | $4.0M | ||
| Q2 25 | $10.5M | $4.7M | ||
| Q1 25 | $9.5M | $-2.0M | ||
| Q4 24 | $18.3M | $5.8M | ||
| Q3 24 | $12.6M | $966.0K | ||
| Q2 24 | $9.5M | $3.7M |
毛利率ATENRMAX
| Q1 26 | 79.6% | — | ||
| Q4 25 | 78.7% | — | ||
| Q3 25 | 80.1% | — | ||
| Q2 25 | 78.9% | — | ||
| Q1 25 | 79.7% | — | ||
| Q4 24 | 79.9% | — | ||
| Q3 24 | 80.5% | — | ||
| Q2 24 | 80.0% | — |
营业利润率ATENRMAX
| Q1 26 | 17.3% | — | ||
| Q4 25 | 18.7% | 13.1% | ||
| Q3 25 | 17.4% | 25.0% | ||
| Q2 25 | 14.9% | 19.3% | ||
| Q1 25 | 13.3% | 7.2% | ||
| Q4 24 | 24.8% | 5.9% | ||
| Q3 24 | 15.7% | 19.4% | ||
| Q2 24 | 13.2% | 20.6% |
净利率ATENRMAX
| Q1 26 | 16.0% | — | ||
| Q4 25 | 12.3% | 2.0% | ||
| Q3 25 | 16.3% | 5.4% | ||
| Q2 25 | 15.2% | 6.4% | ||
| Q1 25 | 14.4% | -2.6% | ||
| Q4 24 | 24.7% | 8.0% | ||
| Q3 24 | 18.9% | 1.2% | ||
| Q2 24 | 15.8% | 4.7% |
每股收益（稀释后）ATENRMAX
| Q1 26 | $0.17 | — | ||
| Q4 25 | $0.13 | — | ||
| Q3 25 | $0.17 | — | ||
| Q2 25 | $0.14 | — | ||
| Q1 25 | $0.13 | — | ||
| Q4 24 | $0.24 | — | ||
| Q3 24 | $0.17 | — | ||
| Q2 24 | $0.13 | — |
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 | $57.9M | $118.7M |
| 总债务越低越好 | $219.2M | $432.2M |
| 股东权益账面价值 | $220.8M | $452.4M |
| 总资产 | $634.4M | $582.5M |
| 负债/权益比越低杠杆越低 | 0.99× | 0.96× |
8季度趋势，按日历期对齐
现金及短期投资ATENRMAX
| Q1 26 | $57.9M | — | ||
| Q4 25 | $684.6M | $118.7M | ||
| Q3 25 | $370.9M | $107.5M | ||
| Q2 25 | $367.4M | $94.3M | ||
| Q1 25 | $355.8M | $89.1M | ||
| Q4 24 | $195.6M | $96.6M | ||
| Q3 24 | $182.1M | $83.8M | ||
| Q2 24 | $177.1M | $66.1M |
总债务ATENRMAX
| Q1 26 | $219.2M | — | ||
| Q4 25 | $218.8M | $432.2M | ||
| Q3 25 | $218.4M | $433.3M | ||
| Q2 25 | $218.1M | $434.4M | ||
| Q1 25 | $217.7M | $435.3M | ||
| Q4 24 | $0 | $436.2M | ||
| Q3 24 | — | $437.2M | ||
| Q2 24 | — | $438.1M |
股东权益ATENRMAX
| Q1 26 | $220.8M | — | ||
| Q4 25 | $211.5M | $452.4M | ||
| Q3 25 | $206.2M | $448.1M | ||
| Q2 25 | $204.0M | $442.4M | ||
| Q1 25 | $195.9M | $433.5M | ||
| Q4 24 | $231.8M | $429.5M | ||
| Q3 24 | $217.3M | $423.1M | ||
| Q2 24 | $214.4M | $418.4M |
总资产ATENRMAX
| Q1 26 | $634.4M | — | ||
| Q4 25 | $629.8M | $582.5M | ||
| Q3 25 | $620.1M | $582.2M | ||
| Q2 25 | $607.9M | $574.8M | ||
| Q1 25 | $606.2M | $571.4M | ||
| Q4 24 | $432.8M | $581.6M | ||
| Q3 24 | $407.7M | $578.6M | ||
| Q2 24 | $397.2M | $571.4M |
负债/权益比ATENRMAX
| Q1 26 | 0.99× | — | ||
| Q4 25 | 1.03× | 0.96× | ||
| Q3 25 | 1.06× | 0.97× | ||
| Q2 25 | 1.07× | 0.98× | ||
| Q1 25 | 1.11× | 1.00× | ||
| Q4 24 | 0.00× | 1.02× | ||
| Q3 24 | — | 1.03× | ||
| Q2 24 | — | 1.05× |
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 | $2.2M | $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 | 3.9% | 10.4% |
| 现金转化率经营现金流/净利润 | 0.19× | 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ATENRMAX
| Q1 26 | $2.2M | — | ||
| Q4 25 | $22.7M | $40.9M | ||
| Q3 25 | $22.8M | $17.7M | ||
| Q2 25 | $22.2M | $4.6M | ||
| Q1 25 | $17.2M | $5.7M | ||
| Q4 24 | $25.7M | $59.7M | ||
| Q3 24 | $20.1M | $17.6M | ||
| Q2 24 | $12.2M | $15.9M |
自由现金流ATENRMAX
| Q1 26 | — | — | ||
| Q4 25 | $16.0M | $33.5M | ||
| Q3 25 | $18.1M | $16.4M | ||
| Q2 25 | $17.9M | $2.9M | ||
| Q1 25 | $12.7M | $4.0M | ||
| Q4 24 | $23.3M | $53.0M | ||
| Q3 24 | $16.7M | $16.3M | ||
| Q2 24 | $8.7M | $14.0M |
自由现金流率ATENRMAX
| Q1 26 | — | — | ||
| Q4 25 | 20.0% | 47.1% | ||
| Q3 25 | 24.2% | 22.4% | ||
| Q2 25 | 25.9% | 4.0% | ||
| Q1 25 | 19.2% | 5.3% | ||
| Q4 24 | 31.4% | 73.2% | ||
| Q3 24 | 25.0% | 20.8% | ||
| Q2 24 | 14.5% | 17.8% |
资本支出强度ATENRMAX
| Q1 26 | 3.9% | — | ||
| Q4 25 | 8.3% | 10.4% | ||
| Q3 25 | 6.3% | 1.8% | ||
| Q2 25 | 6.1% | 2.2% | ||
| Q1 25 | 6.8% | 2.3% | ||
| Q4 24 | 3.2% | 9.1% | ||
| Q3 24 | 5.2% | 1.7% | ||
| Q2 24 | 5.8% | 2.4% |
现金转化率ATENRMAX
| Q1 26 | 0.19× | — | ||
| Q4 25 | 2.30× | 28.39× | ||
| Q3 25 | 1.87× | 4.45× | ||
| Q2 25 | 2.10× | 0.97× | ||
| Q1 25 | 1.80× | — | ||
| Q4 24 | 1.40× | 10.28× | ||
| Q3 24 | 1.59× | 18.22× | ||
| Q2 24 | 1.29× | 4.29× |
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
ATEN
| Products | $44.0M | 59% |
| Services | $31.0M | 41% |
RMAX
| Franchising Segment | $50.1M | 70% |
| Broker Fees | $13.9M | 20% |
| Annual Dues | $7.4M | 10% |
