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CAMDEN NATIONAL CORP（CAC）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CAMDEN NATIONAL CORP的1.1倍（$71.1M vs $64.3M），CAMDEN NATIONAL CORP净利率更高（34.0% vs 2.0%，领先32.0%），过去两年CAMDEN NATIONAL CORP的营收复合增速更高（22.6% vs -4.7%）
卡姆登国民银行是一家总部位于美国缅因州卡姆登的商业银行，是上市银行控股公司卡姆登国民集团的核心子公司。该行创立于1875年，1984年完成企业重组后成为控股公司直接持有的全资子公司。2025年与诺斯韦金融合并后，合并后机构总资产约为70亿美元。
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。
CAC vs RMAX — 直观对比
营收规模更大
RMAX
是对方的1.1倍
$64.3M
净利率更高
CAC
高出32.0%
2.0%
两年增速更快
CAC
近两年复合增速
-4.7%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $64.3M | $71.1M |
| 净利润 | $21.9M | $1.4M |
| 毛利率 | — | — |
| 营业利润率 | — | 13.1% |
| 净利率 | 34.0% | 2.0% |
| 营收同比 | — | -1.8% |
| 净利润同比 | — | -75.2% |
| 每股收益（稀释后） | $1.29 | — |
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CACRMAX
| Q1 26 | $64.3M | — | ||
| Q4 25 | $68.1M | $71.1M | ||
| Q3 25 | $65.4M | $73.2M | ||
| Q2 25 | $62.3M | $72.8M | ||
| Q1 25 | $60.1M | $74.5M | ||
| Q4 24 | $47.6M | $72.5M | ||
| Q3 24 | $45.0M | $78.5M | ||
| Q2 24 | $42.8M | $78.5M |
净利润CACRMAX
| Q1 26 | $21.9M | — | ||
| Q4 25 | $22.6M | $1.4M | ||
| Q3 25 | $21.2M | $4.0M | ||
| Q2 25 | $14.1M | $4.7M | ||
| Q1 25 | $7.3M | $-2.0M | ||
| Q4 24 | $14.7M | $5.8M | ||
| Q3 24 | $13.1M | $966.0K | ||
| Q2 24 | $12.0M | $3.7M |
营业利润率CACRMAX
| Q1 26 | — | — | ||
| Q4 25 | 41.5% | 13.1% | ||
| Q3 25 | 40.5% | 25.0% | ||
| Q2 25 | 28.5% | 19.3% | ||
| Q1 25 | 10.3% | 7.2% | ||
| Q4 24 | 38.7% | 5.9% | ||
| Q3 24 | 35.2% | 19.4% | ||
| Q2 24 | 34.7% | 20.6% |
净利率CACRMAX
| Q1 26 | 34.0% | — | ||
| Q4 25 | 33.1% | 2.0% | ||
| Q3 25 | 32.4% | 5.4% | ||
| Q2 25 | 22.6% | 6.4% | ||
| Q1 25 | 12.2% | -2.6% | ||
| Q4 24 | 30.8% | 8.0% | ||
| Q3 24 | 29.1% | 1.2% | ||
| Q2 24 | 28.0% | 4.7% |
每股收益（稀释后）CACRMAX
| Q1 26 | $1.29 | — | ||
| Q4 25 | $1.33 | — | ||
| Q3 25 | $1.25 | — | ||
| Q2 25 | $0.83 | — | ||
| Q1 25 | $0.43 | — | ||
| Q4 24 | $1.00 | — | ||
| Q3 24 | $0.90 | — | ||
| Q2 24 | $0.81 | — |
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 | — | $118.7M |
| 总债务越低越好 | $514.4M | $432.2M |
| 股东权益账面价值 | $710.0M | $452.4M |
| 总资产 | $7.0B | $582.5M |
| 负债/权益比越低杠杆越低 | 0.72× | 0.96× |
8季度趋势，按日历期对齐
现金及短期投资CACRMAX
| Q1 26 | — | — | ||
| Q4 25 | — | $118.7M | ||
| Q3 25 | — | $107.5M | ||
| Q2 25 | — | $94.3M | ||
| Q1 25 | — | $89.1M | ||
| Q4 24 | — | $96.6M | ||
| Q3 24 | — | $83.8M | ||
| Q2 24 | — | $66.1M |
总债务CACRMAX
| Q1 26 | $514.4M | — | ||
| Q4 25 | — | $432.2M | ||
| Q3 25 | — | $433.3M | ||
| Q2 25 | — | $434.4M | ||
| Q1 25 | — | $435.3M | ||
| Q4 24 | — | $436.2M | ||
| Q3 24 | — | $437.2M | ||
| Q2 24 | — | $438.1M |
股东权益CACRMAX
| Q1 26 | $710.0M | — | ||
| Q4 25 | $696.6M | $452.4M | ||
| Q3 25 | $676.4M | $448.1M | ||
| Q2 25 | $652.1M | $442.4M | ||
| Q1 25 | $640.1M | $433.5M | ||
| Q4 24 | $531.2M | $429.5M | ||
| Q3 24 | $529.9M | $423.1M | ||
| Q2 24 | $508.3M | $418.4M |
总资产CACRMAX
| Q1 26 | $7.0B | — | ||
| Q4 25 | $7.0B | $582.5M | ||
| Q3 25 | $7.0B | $582.2M | ||
| Q2 25 | $6.9B | $574.8M | ||
| Q1 25 | $7.0B | $571.4M | ||
| Q4 24 | $5.8B | $581.6M | ||
| Q3 24 | $5.7B | $578.6M | ||
| Q2 24 | $5.7B | $571.4M |
负债/权益比CACRMAX
| Q1 26 | 0.72× | — | ||
| Q4 25 | — | 0.96× | ||
| Q3 25 | — | 0.97× | ||
| Q2 25 | — | 0.98× | ||
| Q1 25 | — | 1.00× | ||
| Q4 24 | — | 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 | — | $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 | — | 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 | — | $56.8M |
8季度趋势，按日历期对齐
经营现金流CACRMAX
| Q1 26 | — | — | ||
| Q4 25 | $63.9M | $40.9M | ||
| Q3 25 | $36.1M | $17.7M | ||
| Q2 25 | $6.0M | $4.6M | ||
| Q1 25 | $1.0M | $5.7M | ||
| Q4 24 | $60.9M | $59.7M | ||
| Q3 24 | $-14.5M | $17.6M | ||
| Q2 24 | $14.5M | $15.9M |
自由现金流CACRMAX
| Q1 26 | — | — | ||
| Q4 25 | $58.2M | $33.5M | ||
| Q3 25 | $35.4M | $16.4M | ||
| Q2 25 | $4.5M | $2.9M | ||
| Q1 25 | $-727.0K | $4.0M | ||
| Q4 24 | $55.4M | $53.0M | ||
| Q3 24 | $-16.2M | $16.3M | ||
| Q2 24 | $13.2M | $14.0M |
自由现金流率CACRMAX
| Q1 26 | — | — | ||
| Q4 25 | 85.5% | 47.1% | ||
| Q3 25 | 54.1% | 22.4% | ||
| Q2 25 | 7.3% | 4.0% | ||
| Q1 25 | -1.2% | 5.3% | ||
| Q4 24 | 116.4% | 73.2% | ||
| Q3 24 | -36.0% | 20.8% | ||
| Q2 24 | 30.8% | 17.8% |
资本支出强度CACRMAX
| Q1 26 | — | — | ||
| Q4 25 | 8.4% | 10.4% | ||
| Q3 25 | 1.1% | 1.8% | ||
| Q2 25 | 2.4% | 2.2% | ||
| Q1 25 | 2.9% | 2.3% | ||
| Q4 24 | 11.7% | 9.1% | ||
| Q3 24 | 3.8% | 1.7% | ||
| Q2 24 | 3.0% | 2.4% |
现金转化率CACRMAX
| Q1 26 | — | — | ||
| Q4 25 | 2.83× | 28.39× | ||
| Q3 25 | 1.70× | 4.45× | ||
| Q2 25 | 0.43× | 0.97× | ||
| Q1 25 | 0.14× | — | ||
| Q4 24 | 4.15× | 10.28× | ||
| Q3 24 | -1.11× | 18.22× | ||
| Q2 24 | 1.21× | 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
CAC
| Net Interest Income | $52.4M | 81% |
| Noninterest Income | $12.0M | 19% |
RMAX
| Franchising Segment | $50.1M | 70% |
| Broker Fees | $13.9M | 20% |
| Annual Dues | $7.4M | 10% |
