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California BanCorp \ CA（BCAL）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California BanCorp \ CA的1.5倍（$71.1M vs $45.9M），California BanCorp \ CA净利率更高（35.8% vs 2.0%，领先33.8%），California BanCorp \ CA同比增速更快（0.8% vs -1.8%），California BanCorp \ CA自由现金流更多（$56.9M vs $33.5M），过去两年California BanCorp \ CA的营收复合增速更高（44.7% vs -4.7%）
太平洋第一控股是依据美国1956年银行控股公司法案成立的美国银行控股集团，总部位于加利福尼亚州欧文市。集团核心业务围绕旗下太平洋第一银行展开，为个人、企业及专业人士提供各类金融服务，目前在加州、亚利桑那州、内华达州和华盛顿州开设了多家网点。
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。
BCAL vs RMAX — 直观对比
营收规模更大
RMAX
是对方的1.5倍
$45.9M
营收增速更快
BCAL
高出2.6%
-1.8%
净利率更高
BCAL
高出33.8%
2.0%
自由现金流更多
BCAL
多$23.4M
$33.5M
两年增速更快
BCAL
近两年复合增速
-4.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $45.9M | $71.1M |
| 净利润 | $16.4M | $1.4M |
| 毛利率 | — | — |
| 营业利润率 | 48.8% | 13.1% |
| 净利率 | 35.8% | 2.0% |
| 营收同比 | 0.8% | -1.8% |
| 净利润同比 | -2.1% | -75.2% |
| 每股收益（稀释后） | $0.50 | — |
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BCALRMAX
| Q4 25 | $45.9M | $71.1M | ||
| Q3 25 | $45.2M | $73.2M | ||
| Q2 25 | $44.3M | $72.8M | ||
| Q1 25 | $44.8M | $74.5M | ||
| Q4 24 | $45.5M | $72.5M | ||
| Q3 24 | $38.1M | $78.5M | ||
| Q2 24 | $22.2M | $78.5M | ||
| Q1 24 | $21.9M | $78.3M |
净利润BCALRMAX
| Q4 25 | $16.4M | $1.4M | ||
| Q3 25 | $15.7M | $4.0M | ||
| Q2 25 | $14.1M | $4.7M | ||
| Q1 25 | $16.9M | $-2.0M | ||
| Q4 24 | $16.8M | $5.8M | ||
| Q3 24 | $-16.5M | $966.0K | ||
| Q2 24 | $190.0K | $3.7M | ||
| Q1 24 | $4.9M | $-3.4M |
营业利润率BCALRMAX
| Q4 25 | 48.8% | 13.1% | ||
| Q3 25 | 48.3% | 25.0% | ||
| Q2 25 | 45.3% | 19.3% | ||
| Q1 25 | 52.8% | 7.2% | ||
| Q4 24 | 52.2% | 5.9% | ||
| Q3 24 | -59.1% | 19.4% | ||
| Q2 24 | 1.3% | 20.6% | ||
| Q1 24 | 33.1% | 5.8% |
净利率BCALRMAX
| Q4 25 | 35.8% | 2.0% | ||
| Q3 25 | 34.7% | 5.4% | ||
| Q2 25 | 31.8% | 6.4% | ||
| Q1 25 | 37.6% | -2.6% | ||
| Q4 24 | 37.7% | 8.0% | ||
| Q3 24 | -43.2% | 1.2% | ||
| Q2 24 | 0.9% | 4.7% | ||
| Q1 24 | 22.5% | -4.3% |
每股收益（稀释后）BCALRMAX
| Q4 25 | $0.50 | — | ||
| Q3 25 | $0.48 | — | ||
| Q2 25 | $0.43 | — | ||
| Q1 25 | $0.52 | — | ||
| Q4 24 | $0.54 | — | ||
| Q3 24 | $-0.59 | — | ||
| Q2 24 | $0.01 | — | ||
| Q1 24 | $0.26 | — |
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 | $399.9M | $118.7M |
| 总债务越低越好 | $33.8M | $432.2M |
| 股东权益账面价值 | $576.6M | $452.4M |
| 总资产 | $4.0B | $582.5M |
| 负债/权益比越低杠杆越低 | 0.06× | 0.96× |
8季度趋势，按日历期对齐
现金及短期投资BCALRMAX
| Q4 25 | $399.9M | $118.7M | ||
| Q3 25 | $559.2M | $107.5M | ||
| Q2 25 | $430.1M | $94.3M | ||
| Q1 25 | $439.2M | $89.1M | ||
| Q4 24 | $388.2M | $96.6M | ||
| Q3 24 | $614.4M | $83.8M | ||
| Q2 24 | $104.7M | $66.1M | ||
| Q1 24 | $86.5M | $82.1M |
总债务BCALRMAX
| Q4 25 | $33.8M | $432.2M | ||
| Q3 25 | $33.4M | $433.3M | ||
| Q2 25 | $52.9M | $434.4M | ||
| Q1 25 | $70.3M | $435.3M | ||
| Q4 24 | $69.7M | $436.2M | ||
| Q3 24 | $69.1M | $437.2M | ||
| Q2 24 | $42.9M | $438.1M | ||
| Q1 24 | $44.9M | $439.0M |
股东权益BCALRMAX
| Q4 25 | $576.6M | $452.4M | ||
| Q3 25 | $564.7M | $448.1M | ||
| Q2 25 | $547.6M | $442.4M | ||
| Q1 25 | $531.4M | $433.5M | ||
| Q4 24 | $511.8M | $429.5M | ||
| Q3 24 | $498.1M | $423.1M | ||
| Q2 24 | $293.2M | $418.4M | ||
| Q1 24 | $292.5M | $412.0M |
总资产BCALRMAX
| Q4 25 | $4.0B | $582.5M | ||
| Q3 25 | $4.1B | $582.2M | ||
| Q2 25 | $4.0B | $574.8M | ||
| Q1 25 | $4.0B | $571.4M | ||
| Q4 24 | $4.0B | $581.6M | ||
| Q3 24 | $4.4B | $578.6M | ||
| Q2 24 | $2.3B | $571.4M | ||
| Q1 24 | $2.3B | $566.7M |
负债/权益比BCALRMAX
| Q4 25 | 0.06× | 0.96× | ||
| Q3 25 | 0.06× | 0.97× | ||
| Q2 25 | 0.10× | 0.98× | ||
| Q1 25 | 0.13× | 1.00× | ||
| Q4 24 | 0.14× | 1.02× | ||
| Q3 24 | 0.14× | 1.03× | ||
| Q2 24 | 0.15× | 1.05× | ||
| Q1 24 | 0.15× | 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 | $57.3M | $40.9M |
| 自由现金流经营现金流 - 资本支出 | $56.9M | $33.5M |
| 自由现金流率自由现金流/营收 | 124.1% | 47.1% |
| 资本支出强度资本支出/营收 | 0.8% | 10.4% |
| 现金转化率经营现金流/净利润 | 3.49× | 28.39× |
| 过去12个月自由现金流最近4个季度 | $93.1M | $56.8M |
8季度趋势，按日历期对齐
经营现金流BCALRMAX
| Q4 25 | $57.3M | $40.9M | ||
| Q3 25 | $16.0M | $17.7M | ||
| Q2 25 | $13.4M | $4.6M | ||
| Q1 25 | $7.0M | $5.7M | ||
| Q4 24 | $50.3M | $59.7M | ||
| Q3 24 | $18.3M | $17.6M | ||
| Q2 24 | $309.0K | $15.9M | ||
| Q1 24 | $8.1M | $9.4M |
自由现金流BCALRMAX
| Q4 25 | $56.9M | $33.5M | ||
| Q3 25 | $15.9M | $16.4M | ||
| Q2 25 | $13.4M | $2.9M | ||
| Q1 25 | $6.9M | $4.0M | ||
| Q4 24 | $49.7M | $53.0M | ||
| Q3 24 | $18.1M | $16.3M | ||
| Q2 24 | $171.0K | $14.0M | ||
| Q1 24 | $8.0M | $6.8M |
自由现金流率BCALRMAX
| Q4 25 | 124.1% | 47.1% | ||
| Q3 25 | 35.1% | 22.4% | ||
| Q2 25 | 30.2% | 4.0% | ||
| Q1 25 | 15.3% | 5.3% | ||
| Q4 24 | 109.2% | 73.2% | ||
| Q3 24 | 47.5% | 20.8% | ||
| Q2 24 | 0.8% | 17.8% | ||
| Q1 24 | 36.4% | 8.6% |
资本支出强度BCALRMAX
| Q4 25 | 0.8% | 10.4% | ||
| Q3 25 | 0.2% | 1.8% | ||
| Q2 25 | 0.1% | 2.2% | ||
| Q1 25 | 0.2% | 2.3% | ||
| Q4 24 | 1.2% | 9.1% | ||
| Q3 24 | 0.5% | 1.7% | ||
| Q2 24 | 0.6% | 2.4% | ||
| Q1 24 | 0.4% | 3.3% |
现金转化率BCALRMAX
| Q4 25 | 3.49× | 28.39× | ||
| Q3 25 | 1.02× | 4.45× | ||
| Q2 25 | 0.95× | 0.97× | ||
| Q1 25 | 0.41× | — | ||
| Q4 24 | 3.00× | 10.28× | ||
| Q3 24 | — | 18.22× | ||
| Q2 24 | 1.63× | 4.29× | ||
| Q1 24 | 1.63× | — |
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
BCAL
暂无分部数据
RMAX
| Franchising Segment | $50.1M | 70% |
| Broker Fees | $13.9M | 20% |
| Annual Dues | $7.4M | 10% |
