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BROADWIND, INC.（BWEN）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BROADWIND, INC.的1.9倍（$71.1M vs $37.7M），BROADWIND, INC.同比增速更快（12.4% vs -1.8%），RE/MAX Holdings, Inc.自由现金流更多（$33.5M vs $-187.0K），过去两年BROADWIND, INC.的营收复合增速更高（0.2% vs -4.7%）
Broadwind Inc.是一家总部位于美国的工业制造企业，主营重型结构部件、齿轮系统的生产及相关售后服务，业务覆盖可再生能源、基础设施与重工业领域，主要为北美市场的风电项目、公用事业能源工程等供应核心零部件。
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。
BWEN vs RMAX — 直观对比
营收规模更大
RMAX
是对方的1.9倍
$37.7M
营收增速更快
BWEN
高出14.3%
-1.8%
自由现金流更多
RMAX
多$33.7M
$-187.0K
两年增速更快
BWEN
近两年复合增速
-4.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $37.7M | $71.1M |
| 净利润 | — | $1.4M |
| 毛利率 | 8.8% | — |
| 营业利润率 | -0.2% | 13.1% |
| 净利率 | — | 2.0% |
| 营收同比 | 12.4% | -1.8% |
| 净利润同比 | — | -75.2% |
| 每股收益（稀释后） | $-0.03 | — |
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BWENRMAX
| Q4 25 | $37.7M | $71.1M | ||
| Q3 25 | $44.2M | $73.2M | ||
| Q2 25 | $39.2M | $72.8M | ||
| Q1 25 | $36.8M | $74.5M | ||
| Q4 24 | $33.6M | $72.5M | ||
| Q3 24 | $35.5M | $78.5M | ||
| Q2 24 | $36.5M | $78.5M | ||
| Q1 24 | $37.6M | $78.3M |
净利润BWENRMAX
| Q4 25 | — | $1.4M | ||
| Q3 25 | $7.5M | $4.0M | ||
| Q2 25 | $-989.0K | $4.7M | ||
| Q1 25 | $-370.0K | $-2.0M | ||
| Q4 24 | — | $5.8M | ||
| Q3 24 | $74.0K | $966.0K | ||
| Q2 24 | $482.0K | $3.7M | ||
| Q1 24 | $1.5M | $-3.4M |
毛利率BWENRMAX
| Q4 25 | 8.8% | — | ||
| Q3 25 | 10.2% | — | ||
| Q2 25 | 10.1% | — | ||
| Q1 25 | 11.7% | — | ||
| Q4 24 | 11.3% | — | ||
| Q3 24 | 14.6% | — | ||
| Q2 24 | 15.3% | — | ||
| Q1 24 | 17.6% | — |
营业利润率BWENRMAX
| Q4 25 | -0.2% | 13.1% | ||
| Q3 25 | 19.7% | 25.0% | ||
| Q2 25 | -0.4% | 19.3% | ||
| Q1 25 | 0.5% | 7.2% | ||
| Q4 24 | -0.9% | 5.9% | ||
| Q3 24 | 3.3% | 19.4% | ||
| Q2 24 | 3.4% | 20.6% | ||
| Q1 24 | 5.5% | 5.8% |
净利率BWENRMAX
| Q4 25 | — | 2.0% | ||
| Q3 25 | 16.9% | 5.4% | ||
| Q2 25 | -2.5% | 6.4% | ||
| Q1 25 | -1.0% | -2.6% | ||
| Q4 24 | — | 8.0% | ||
| Q3 24 | 0.2% | 1.2% | ||
| Q2 24 | 1.3% | 4.7% | ||
| Q1 24 | 4.0% | -4.3% |
每股收益（稀释后）BWENRMAX
| Q4 25 | $-0.03 | — | ||
| Q3 25 | $0.32 | — | ||
| Q2 25 | $-0.04 | — | ||
| Q1 25 | $-0.02 | — | ||
| Q4 24 | $-0.04 | — | ||
| Q3 24 | $0.00 | — | ||
| Q2 24 | $0.02 | — | ||
| Q1 24 | $0.07 | — |
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 | $456.0K | $118.7M |
| 总债务越低越好 | $10.1M | $432.2M |
| 股东权益账面价值 | $66.3M | $452.4M |
| 总资产 | $116.8M | $582.5M |
| 负债/权益比越低杠杆越低 | 0.15× | 0.96× |
8季度趋势，按日历期对齐
现金及短期投资BWENRMAX
| Q4 25 | $456.0K | $118.7M | ||
| Q3 25 | $1.2M | $107.5M | ||
| Q2 25 | $1.0M | $94.3M | ||
| Q1 25 | $1.2M | $89.1M | ||
| Q4 24 | $7.7M | $96.6M | ||
| Q3 24 | $1.4M | $83.8M | ||
| Q2 24 | $938.0K | $66.1M | ||
| Q1 24 | $1.1M | $82.1M |
总债务BWENRMAX
| Q4 25 | $10.1M | $432.2M | ||
| Q3 25 | $10.3M | $433.3M | ||
| Q2 25 | $26.1M | $434.4M | ||
| Q1 25 | $12.2M | $435.3M | ||
| Q4 24 | $9.2M | $436.2M | ||
| Q3 24 | $16.9M | $437.2M | ||
| Q2 24 | $18.0M | $438.1M | ||
| Q1 24 | $7.7M | $439.0M |
股东权益BWENRMAX
| Q4 25 | $66.3M | $452.4M | ||
| Q3 25 | $66.9M | $448.1M | ||
| Q2 25 | $59.0M | $442.4M | ||
| Q1 25 | $59.3M | $433.5M | ||
| Q4 24 | $59.4M | $429.5M | ||
| Q3 24 | $59.6M | $423.1M | ||
| Q2 24 | $59.1M | $418.4M | ||
| Q1 24 | $58.0M | $412.0M |
总资产BWENRMAX
| Q4 25 | $116.8M | $582.5M | ||
| Q3 25 | $119.6M | $582.2M | ||
| Q2 25 | $130.5M | $574.8M | ||
| Q1 25 | $129.3M | $571.4M | ||
| Q4 24 | $128.3M | $581.6M | ||
| Q3 24 | $125.1M | $578.6M | ||
| Q2 24 | $122.5M | $571.4M | ||
| Q1 24 | $123.1M | $566.7M |
负债/权益比BWENRMAX
| Q4 25 | 0.15× | 0.96× | ||
| Q3 25 | 0.15× | 0.97× | ||
| Q2 25 | 0.44× | 0.98× | ||
| Q1 25 | 0.21× | 1.00× | ||
| Q4 24 | 0.15× | 1.02× | ||
| Q3 24 | 0.28× | 1.03× | ||
| Q2 24 | 0.30× | 1.05× | ||
| Q1 24 | 0.13× | 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 | $857.0K | $40.9M |
| 自由现金流经营现金流 - 资本支出 | $-187.0K | $33.5M |
| 自由现金流率自由现金流/营收 | -0.5% | 47.1% |
| 资本支出强度资本支出/营收 | 2.8% | 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 | $-19.0M | $56.8M |
8季度趋势，按日历期对齐
经营现金流BWENRMAX
| Q4 25 | $857.0K | $40.9M | ||
| Q3 25 | $4.3M | $17.7M | ||
| Q2 25 | $-12.5M | $4.6M | ||
| Q1 25 | $-8.0M | $5.7M | ||
| Q4 24 | $14.8M | $59.7M | ||
| Q3 24 | $2.4M | $17.6M | ||
| Q2 24 | $-9.3M | $15.9M | ||
| Q1 24 | $5.9M | $9.4M |
自由现金流BWENRMAX
| Q4 25 | $-187.0K | $33.5M | ||
| Q3 25 | $3.8M | $16.4M | ||
| Q2 25 | $-13.7M | $2.9M | ||
| Q1 25 | $-9.0M | $4.0M | ||
| Q4 24 | $14.5M | $53.0M | ||
| Q3 24 | $1.7M | $16.3M | ||
| Q2 24 | $-10.1M | $14.0M | ||
| Q1 24 | $4.1M | $6.8M |
自由现金流率BWENRMAX
| Q4 25 | -0.5% | 47.1% | ||
| Q3 25 | 8.6% | 22.4% | ||
| Q2 25 | -34.8% | 4.0% | ||
| Q1 25 | -24.3% | 5.3% | ||
| Q4 24 | 43.1% | 73.2% | ||
| Q3 24 | 4.8% | 20.8% | ||
| Q2 24 | -27.6% | 17.8% | ||
| Q1 24 | 10.9% | 8.6% |
资本支出强度BWENRMAX
| Q4 25 | 2.8% | 10.4% | ||
| Q3 25 | 1.1% | 1.8% | ||
| Q2 25 | 3.1% | 2.2% | ||
| Q1 25 | 2.5% | 2.3% | ||
| Q4 24 | 1.0% | 9.1% | ||
| Q3 24 | 2.1% | 1.7% | ||
| Q2 24 | 2.2% | 2.4% | ||
| Q1 24 | 4.6% | 3.3% |
现金转化率BWENRMAX
| Q4 25 | — | 28.39× | ||
| Q3 25 | 0.57× | 4.45× | ||
| Q2 25 | — | 0.97× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 10.28× | ||
| Q3 24 | 32.99× | 18.22× | ||
| Q2 24 | -19.26× | 4.29× | ||
| Q1 24 | 3.88× | — |
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
BWEN
| Heavy Fabrications | $21.6M | 57% |
| Industrial Solutions | $9.4M | 25% |
| Gearing | $7.0M | 19% |
RMAX
| Franchising Segment | $50.1M | 70% |
| Broker Fees | $13.9M | 20% |
| Annual Dues | $7.4M | 10% |
