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贝壳控股（BEKE）与Real Brokerage Inc（REAX）财务数据对比。点击上方公司名可切换其他公司
贝壳控股的季度营收约是Real Brokerage Inc的5.7倍（$3.2B vs $568.5M）。贝壳控股净利率更高（3.2% vs -0.1%，领先3.3%）
贝壳控股是中国领先的线上线下一体化居住服务平台，旗下运营贝壳找房等品牌，业务覆盖二手房交易经纪、新房代理销售、房屋租赁、家装改造及居住相关金融咨询服务，可满足消费者全周期居住需求。
该企业是美国房产服务企业，主营房产经纪业务运营与品牌特许经营，业务覆盖房产中介、 relocation服务、产权服务、保险及结算服务，旗下拥有Better Homes and Gardens Real Estate、21世纪不动产、Coldwell Banker、Corcoran Group、ERA房地产以及苏富比国际地产等多个知名品牌，2026年被Compass, Inc.收购。
BEKE vs REAX — 直观对比
营收规模更大
BEKE
是对方的5.7倍
$568.5M
净利率更高
BEKE
高出3.3%
-0.1%
损益表 — Q3 2025 vs Q3 2025
| 指标 | | |
|---|---|---|
| 营收 | $3.2B | $568.5M |
| 净利润 | $104.9M | $-447.0K |
| 毛利率 | 21.4% | 7.9% |
| 营业利润率 | 2.6% | -0.1% |
| 净利率 | 3.2% | -0.1% |
| 营收同比 | — | 52.6% |
| 净利润同比 | — | 82.7% |
| 每股收益（稀释后） | — | $0.00 |
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BEKEREAX
| Q4 25 | $3.2B | — | ||
| Q3 25 | $3.6B | $568.5M | ||
| Q2 25 | — | $540.7M | ||
| Q1 25 | $3.2B | $354.0M | ||
| Q3 24 | $3.2B | $372.5M | ||
| Q2 24 | $3.2B | — | ||
| Q1 24 | $2.3B | $200.7M | ||
| Q3 23 | $2.4B | — |
净利润BEKEREAX
| Q4 25 | $104.9M | — | ||
| Q3 25 | $182.4M | $-447.0K | ||
| Q2 25 | — | $1.5M | ||
| Q1 25 | $117.9M | $-5.0M | ||
| Q3 24 | $166.5M | $-2.6M | ||
| Q2 24 | $261.5M | — | ||
| Q1 24 | $59.8M | $-16.1M | ||
| Q3 23 | $160.4M | — |
毛利率BEKEREAX
| Q4 25 | 21.4% | — | ||
| Q3 25 | 21.9% | 7.9% | ||
| Q2 25 | — | 8.9% | ||
| Q1 25 | 20.7% | 9.6% | ||
| Q3 24 | 22.7% | 8.6% | ||
| Q2 24 | 27.9% | — | ||
| Q1 24 | 25.2% | 10.3% | ||
| Q3 23 | 27.4% | — |
营业利润率BEKEREAX
| Q4 25 | 2.6% | — | ||
| Q3 25 | 4.1% | -0.1% | ||
| Q2 25 | — | 0.3% | ||
| Q1 25 | 2.5% | -1.5% | ||
| Q3 24 | 3.2% | -0.7% | ||
| Q2 24 | 8.6% | — | ||
| Q1 24 | 0.1% | -7.8% | ||
| Q3 23 | 5.1% | — |
净利率BEKEREAX
| Q4 25 | 3.2% | — | ||
| Q3 25 | 5.0% | -0.1% | ||
| Q2 25 | — | 0.3% | ||
| Q1 25 | 3.7% | -1.4% | ||
| Q3 24 | 5.2% | -0.7% | ||
| Q2 24 | 8.1% | — | ||
| Q1 24 | 2.6% | -8.0% | ||
| Q3 23 | 6.6% | — |
每股收益（稀释后）BEKEREAX
| Q4 25 | — | — | ||
| Q3 25 | — | $0.00 | ||
| Q2 25 | — | $0.01 | ||
| Q1 25 | — | $-0.02 | ||
| Q3 24 | — | $-0.01 | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $-0.09 | ||
| Q3 23 | — | — |
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 | $1.3B | $38.7M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | — | $53.6M |
| 总资产 | $16.8B | $145.2M |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资BEKEREAX
| Q4 25 | $1.3B | — | ||
| Q3 25 | $1.6B | $38.7M | ||
| Q2 25 | — | $49.7M | ||
| Q1 25 | $1.8B | $24.7M | ||
| Q3 24 | $1.4B | $22.6M | ||
| Q2 24 | $1.3B | — | ||
| Q1 24 | $2.5B | $20.1M | ||
| Q3 23 | $2.2B | — |
股东权益BEKEREAX
| Q4 25 | — | — | ||
| Q3 25 | $9.6B | $53.6M | ||
| Q2 25 | — | $49.2M | ||
| Q1 25 | $9.5B | $32.8M | ||
| Q3 24 | $10.1B | $29.8M | ||
| Q2 24 | $9.7B | — | ||
| Q1 24 | $9.6B | $25.6M | ||
| Q3 23 | $9.9B | — |
总资产BEKEREAX
| Q4 25 | $16.8B | — | ||
| Q3 25 | $17.3B | $145.2M | ||
| Q2 25 | — | $149.4M | ||
| Q1 25 | $18.0B | $100.5M | ||
| Q3 24 | $17.5B | $102.5M | ||
| Q2 24 | $16.9B | — | ||
| Q1 24 | $16.5B | — | ||
| Q3 23 | $16.2B | — |
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 | — | $8.8M |
| 自由现金流经营现金流 - 资本支出 | — | $8.4M |
| 自由现金流率自由现金流/营收 | — | 1.5% |
| 资本支出强度资本支出/营收 | — | 0.1% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | — | $71.7M |
8季度趋势，按日历期对齐
经营现金流BEKEREAX
| Q4 25 | — | — | ||
| Q3 25 | — | $8.8M | ||
| Q2 25 | — | $41.0M | ||
| Q1 25 | $-546.4M | $15.9M | ||
| Q3 24 | $64.0M | $7.2M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $21.5M | ||
| Q3 23 | $268.2M | — |
自由现金流BEKEREAX
| Q4 25 | — | — | ||
| Q3 25 | — | $8.4M | ||
| Q2 25 | — | $40.8M | ||
| Q1 25 | — | $15.7M | ||
| Q3 24 | — | $6.8M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $21.4M | ||
| Q3 23 | — | — |
自由现金流率BEKEREAX
| Q4 25 | — | — | ||
| Q3 25 | — | 1.5% | ||
| Q2 25 | — | 7.5% | ||
| Q1 25 | — | 4.4% | ||
| Q3 24 | — | 1.8% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 10.7% | ||
| Q3 23 | — | — |
资本支出强度BEKEREAX
| Q4 25 | — | — | ||
| Q3 25 | — | 0.1% | ||
| Q2 25 | — | 0.0% | ||
| Q1 25 | — | 0.1% | ||
| Q3 24 | — | 0.1% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 0.0% | ||
| Q3 23 | — | — |
现金转化率BEKEREAX
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 27.13× | ||
| Q1 25 | -4.64× | — | ||
| Q3 24 | 0.38× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — | ||
| Q3 23 | 1.67× | — |
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
BEKE
| New home transaction services | $932.6M | 29% |
| Existing home transaction services | $841.5M | 26% |
| Home rental services | $804.4M | 25% |
| Home renovation and furnishing | $604.0M | 19% |
| Emerging and other services | $55.6M | 2% |
REAX
暂无分部数据
