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BrightSpire Capital, Inc.（BRSP）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
BrightSpire Capital, Inc.的季度营收约是RE/MAX Holdings, Inc.的1.2倍（$83.2M vs $71.1M），RE/MAX Holdings, Inc.净利率更高（2.0% vs -17.3%，领先19.3%），BrightSpire Capital, Inc.同比增速更快（-0.4% vs -1.8%），BrightSpire Capital, Inc.自由现金流更多（$55.1M vs $33.5M），过去两年RE/MAX Holdings, Inc.的营收复合增速更高（-4.7% vs -6.8%）
该公司是英国大型投资信托，专注投资于商业服务、消费、教育与科技领域的中型市场企业，在伦敦证券交易所上市，是富时250指数的成份股。
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。
BRSP vs RMAX — 直观对比
营收规模更大
BRSP
是对方的1.2倍
$71.1M
营收增速更快
BRSP
高出1.5%
-1.8%
净利率更高
RMAX
高出19.3%
-17.3%
自由现金流更多
BRSP
多$21.6M
$33.5M
两年增速更快
RMAX
近两年复合增速
-6.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $83.2M | $71.1M |
| 净利润 | $-14.4M | $1.4M |
| 毛利率 | — | — |
| 营业利润率 | — | 13.1% |
| 净利率 | -17.3% | 2.0% |
| 营收同比 | -0.4% | -1.8% |
| 净利润同比 | 27.3% | -75.2% |
| 每股收益（稀释后） | $-0.11 | — |
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BRSPRMAX
| Q4 25 | $83.2M | $71.1M | ||
| Q3 25 | $83.9M | $73.2M | ||
| Q2 25 | $85.9M | $72.8M | ||
| Q1 25 | $77.6M | $74.5M | ||
| Q4 24 | $83.5M | $72.5M | ||
| Q3 24 | $88.2M | $78.5M | ||
| Q2 24 | $91.4M | $78.5M | ||
| Q1 24 | $95.8M | $78.3M |
净利润BRSPRMAX
| Q4 25 | $-14.4M | $1.4M | ||
| Q3 25 | $984.0K | $4.0M | ||
| Q2 25 | $-23.1M | $4.7M | ||
| Q1 25 | $5.3M | $-2.0M | ||
| Q4 24 | $-19.7M | $5.8M | ||
| Q3 24 | $12.7M | $966.0K | ||
| Q2 24 | $-67.9M | $3.7M | ||
| Q1 24 | $-57.1M | $-3.4M |
营业利润率BRSPRMAX
| Q4 25 | — | 13.1% | ||
| Q3 25 | -1.7% | 25.0% | ||
| Q2 25 | -54.5% | 19.3% | ||
| Q1 25 | 5.1% | 7.2% | ||
| Q4 24 | -24.9% | 5.9% | ||
| Q3 24 | 13.2% | 19.4% | ||
| Q2 24 | -74.9% | 20.6% | ||
| Q1 24 | -59.4% | 5.8% |
净利率BRSPRMAX
| Q4 25 | -17.3% | 2.0% | ||
| Q3 25 | 1.2% | 5.4% | ||
| Q2 25 | -26.9% | 6.4% | ||
| Q1 25 | 6.9% | -2.6% | ||
| Q4 24 | -23.7% | 8.0% | ||
| Q3 24 | 14.4% | 1.2% | ||
| Q2 24 | -74.2% | 4.7% | ||
| Q1 24 | -59.6% | -4.3% |
每股收益（稀释后）BRSPRMAX
| Q4 25 | $-0.11 | — | ||
| Q3 25 | $0.00 | — | ||
| Q2 25 | $-0.19 | — | ||
| Q1 25 | $0.04 | — | ||
| Q4 24 | $-0.16 | — | ||
| Q3 24 | $0.09 | — | ||
| Q2 24 | $-0.53 | — | ||
| Q1 24 | $-0.45 | — |
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 | $66.8M | $118.7M |
| 总债务越低越好 | $2.5B | $432.2M |
| 股东权益账面价值 | $938.4M | $452.4M |
| 总资产 | $3.6B | $582.5M |
| 负债/权益比越低杠杆越低 | 2.63× | 0.96× |
8季度趋势，按日历期对齐
现金及短期投资BRSPRMAX
| Q4 25 | $66.8M | $118.7M | ||
| Q3 25 | $113.4M | $107.5M | ||
| Q2 25 | $154.3M | $94.3M | ||
| Q1 25 | $200.9M | $89.1M | ||
| Q4 24 | $302.2M | $96.6M | ||
| Q3 24 | $263.8M | $83.8M | ||
| Q2 24 | $203.3M | $66.1M | ||
| Q1 24 | $221.5M | $82.1M |
总债务BRSPRMAX
| Q4 25 | $2.5B | $432.2M | ||
| Q3 25 | $2.2B | $433.3M | ||
| Q2 25 | $2.3B | $434.4M | ||
| Q1 25 | $2.3B | $435.3M | ||
| Q4 24 | $2.5B | $436.2M | ||
| Q3 24 | $2.6B | $437.2M | ||
| Q2 24 | $2.5B | $438.1M | ||
| Q1 24 | $2.6B | $439.0M |
股东权益BRSPRMAX
| Q4 25 | $938.4M | $452.4M | ||
| Q3 25 | $976.4M | $448.1M | ||
| Q2 25 | $994.4M | $442.4M | ||
| Q1 25 | $1.0B | $433.5M | ||
| Q4 24 | $1.0B | $429.5M | ||
| Q3 24 | $1.1B | $423.1M | ||
| Q2 24 | $1.1B | $418.4M | ||
| Q1 24 | $1.2B | $412.0M |
总资产BRSPRMAX
| Q4 25 | $3.6B | $582.5M | ||
| Q3 25 | $3.3B | $582.2M | ||
| Q2 25 | $3.4B | $574.8M | ||
| Q1 25 | $3.6B | $571.4M | ||
| Q4 24 | $3.7B | $581.6M | ||
| Q3 24 | $3.8B | $578.6M | ||
| Q2 24 | $3.8B | $571.4M | ||
| Q1 24 | $3.9B | $566.7M |
负债/权益比BRSPRMAX
| Q4 25 | 2.63× | 0.96× | ||
| Q3 25 | 2.22× | 0.97× | ||
| Q2 25 | 2.27× | 0.98× | ||
| Q1 25 | 2.27× | 1.00× | ||
| Q4 24 | 2.38× | 1.02× | ||
| Q3 24 | 2.36× | 1.03× | ||
| Q2 24 | 2.28× | 1.05× | ||
| Q1 24 | 2.17× | 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 | $73.0M | $40.9M |
| 自由现金流经营现金流 - 资本支出 | $55.1M | $33.5M |
| 自由现金流率自由现金流/营收 | 66.2% | 47.1% |
| 资本支出强度资本支出/营收 | 21.6% | 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 | $102.0M | $56.8M |
8季度趋势，按日历期对齐
经营现金流BRSPRMAX
| Q4 25 | $73.0M | $40.9M | ||
| Q3 25 | $29.9M | $17.7M | ||
| Q2 25 | $17.4M | $4.6M | ||
| Q1 25 | $10.5M | $5.7M | ||
| Q4 24 | $103.4M | $59.7M | ||
| Q3 24 | $31.3M | $17.6M | ||
| Q2 24 | $22.9M | $15.9M | ||
| Q1 24 | $24.6M | $9.4M |
自由现金流BRSPRMAX
| Q4 25 | $55.1M | $33.5M | ||
| Q3 25 | $27.4M | $16.4M | ||
| Q2 25 | $11.6M | $2.9M | ||
| Q1 25 | $8.0M | $4.0M | ||
| Q4 24 | $97.3M | $53.0M | ||
| Q3 24 | $28.3M | $16.3M | ||
| Q2 24 | $22.7M | $14.0M | ||
| Q1 24 | $22.2M | $6.8M |
自由现金流率BRSPRMAX
| Q4 25 | 66.2% | 47.1% | ||
| Q3 25 | 32.7% | 22.4% | ||
| Q2 25 | 13.4% | 4.0% | ||
| Q1 25 | 10.3% | 5.3% | ||
| Q4 24 | 116.6% | 73.2% | ||
| Q3 24 | 32.1% | 20.8% | ||
| Q2 24 | 24.9% | 17.8% | ||
| Q1 24 | 23.2% | 8.6% |
资本支出强度BRSPRMAX
| Q4 25 | 21.6% | 10.4% | ||
| Q3 25 | 2.9% | 1.8% | ||
| Q2 25 | 6.8% | 2.2% | ||
| Q1 25 | 3.2% | 2.3% | ||
| Q4 24 | 7.3% | 9.1% | ||
| Q3 24 | 3.4% | 1.7% | ||
| Q2 24 | 0.1% | 2.4% | ||
| Q1 24 | 2.5% | 3.3% |
现金转化率BRSPRMAX
| Q4 25 | — | 28.39× | ||
| Q3 25 | 30.36× | 4.45× | ||
| Q2 25 | — | 0.97× | ||
| Q1 25 | 1.97× | — | ||
| Q4 24 | — | 10.28× | ||
| Q3 24 | 2.46× | 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
BRSP
暂无分部数据
RMAX
| Franchising Segment | $50.1M | 70% |
| Broker Fees | $13.9M | 20% |
| Annual Dues | $7.4M | 10% |
