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美国合众银行（CBNK）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.的季度营收约是美国合众银行的1.1倍（$71.1M vs $62.7M），美国合众银行同比增速更快（11.6% vs -1.8%），过去两年美国合众银行的营收复合增速更高（23.7% vs -4.7%）
美国合众银行是一家总部位于明尼苏达州明尼阿波利斯、在特拉华州注册的美国跨国银行机构，截至2025年是美国第五大银行，同时也是美国中西部规模最大的银行，被金融稳定委员会认定为具有系统重要性的金融机构，其核心运营主体为美国银行国民协会，以合众银行名义开展业务，提供银行、投资、抵押贷款等多元金融服务。
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。
CBNK vs RMAX — 直观对比
营收规模更大
RMAX
是对方的1.1倍
$62.7M
营收增速更快
CBNK
高出13.4%
-1.8%
两年增速更快
CBNK
近两年复合增速
-4.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $62.7M | $71.1M |
| 净利润 | — | $1.4M |
| 毛利率 | — | — |
| 营业利润率 | 31.4% | 13.1% |
| 净利率 | — | 2.0% |
| 营收同比 | 11.6% | -1.8% |
| 净利润同比 | — | -75.2% |
| 每股收益（稀释后） | $0.92 | — |
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CBNKRMAX
| Q4 25 | $62.7M | $71.1M | ||
| Q3 25 | $63.1M | $73.2M | ||
| Q2 25 | $60.8M | $72.8M | ||
| Q1 25 | $58.6M | $74.5M | ||
| Q4 24 | $56.2M | $72.5M | ||
| Q3 24 | $45.0M | $78.5M | ||
| Q2 24 | $43.9M | $78.5M | ||
| Q1 24 | $41.0M | $78.3M |
净利润CBNKRMAX
| Q4 25 | — | $1.4M | ||
| Q3 25 | $15.1M | $4.0M | ||
| Q2 25 | $13.1M | $4.7M | ||
| Q1 25 | $13.9M | $-2.0M | ||
| Q4 24 | — | $5.8M | ||
| Q3 24 | $8.7M | $966.0K | ||
| Q2 24 | $8.2M | $3.7M | ||
| Q1 24 | $6.6M | $-3.4M |
营业利润率CBNKRMAX
| Q4 25 | 31.4% | 13.1% | ||
| Q3 25 | -1.5% | 25.0% | ||
| Q2 25 | -1.5% | 19.3% | ||
| Q1 25 | -1.5% | 7.2% | ||
| Q4 24 | -2.2% | 5.9% | ||
| Q3 24 | -2.2% | 19.4% | ||
| Q2 24 | -1.8% | 20.6% | ||
| Q1 24 | -2.3% | 5.8% |
净利率CBNKRMAX
| Q4 25 | — | 2.0% | ||
| Q3 25 | 23.9% | 5.4% | ||
| Q2 25 | 21.6% | 6.4% | ||
| Q1 25 | 23.8% | -2.6% | ||
| Q4 24 | — | 8.0% | ||
| Q3 24 | 19.3% | 1.2% | ||
| Q2 24 | 18.7% | 4.7% | ||
| Q1 24 | 16.0% | -4.3% |
每股收益（稀释后）CBNKRMAX
| Q4 25 | $0.92 | — | ||
| Q3 25 | $0.89 | — | ||
| Q2 25 | $0.78 | — | ||
| Q1 25 | $0.82 | — | ||
| Q4 24 | $0.44 | — | ||
| Q3 24 | $0.62 | — | ||
| Q2 24 | $0.59 | — | ||
| Q1 24 | $0.47 | — |
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 | — | $432.2M |
| 股东权益账面价值 | $401.8M | $452.4M |
| 总资产 | $3.6B | $582.5M |
| 负债/权益比越低杠杆越低 | — | 0.96× |
8季度趋势，按日历期对齐
现金及短期投资CBNKRMAX
| 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 | ||
| Q1 24 | — | $82.1M |
总债务CBNKRMAX
| 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 | ||
| Q1 24 | — | $439.0M |
股东权益CBNKRMAX
| Q4 25 | $401.8M | $452.4M | ||
| Q3 25 | $394.8M | $448.1M | ||
| Q2 25 | $380.0M | $442.4M | ||
| Q1 25 | $369.6M | $433.5M | ||
| Q4 24 | $355.1M | $429.5M | ||
| Q3 24 | $280.1M | $423.1M | ||
| Q2 24 | $267.9M | $418.4M | ||
| Q1 24 | $259.5M | $412.0M |
总资产CBNKRMAX
| Q4 25 | $3.6B | $582.5M | ||
| Q3 25 | $3.4B | $582.2M | ||
| Q2 25 | $3.4B | $574.8M | ||
| Q1 25 | $3.3B | $571.4M | ||
| Q4 24 | $3.2B | $581.6M | ||
| Q3 24 | $2.6B | $578.6M | ||
| Q2 24 | $2.4B | $571.4M | ||
| Q1 24 | $2.3B | $566.7M |
负债/权益比CBNKRMAX
| 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× | ||
| Q1 24 | — | 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 | $69.7M | $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CBNKRMAX
| Q4 25 | $69.7M | $40.9M | ||
| Q3 25 | $32.9M | $17.7M | ||
| Q2 25 | $-4.2M | $4.6M | ||
| Q1 25 | $22.6M | $5.7M | ||
| Q4 24 | $34.9M | $59.7M | ||
| Q3 24 | $-464.0K | $17.6M | ||
| Q2 24 | $12.9M | $15.9M | ||
| Q1 24 | $-3.4M | $9.4M |
自由现金流CBNKRMAX
| Q4 25 | — | $33.5M | ||
| Q3 25 | — | $16.4M | ||
| Q2 25 | — | $2.9M | ||
| Q1 25 | — | $4.0M | ||
| Q4 24 | — | $53.0M | ||
| Q3 24 | — | $16.3M | ||
| Q2 24 | — | $14.0M | ||
| Q1 24 | — | $6.8M |
自由现金流率CBNKRMAX
| Q4 25 | — | 47.1% | ||
| Q3 25 | — | 22.4% | ||
| Q2 25 | — | 4.0% | ||
| Q1 25 | — | 5.3% | ||
| Q4 24 | — | 73.2% | ||
| Q3 24 | — | 20.8% | ||
| Q2 24 | — | 17.8% | ||
| Q1 24 | — | 8.6% |
资本支出强度CBNKRMAX
| Q4 25 | — | 10.4% | ||
| Q3 25 | — | 1.8% | ||
| Q2 25 | — | 2.2% | ||
| Q1 25 | — | 2.3% | ||
| Q4 24 | — | 9.1% | ||
| Q3 24 | — | 1.7% | ||
| Q2 24 | — | 2.4% | ||
| Q1 24 | — | 3.3% |
现金转化率CBNKRMAX
| Q4 25 | — | 28.39× | ||
| Q3 25 | 2.18× | 4.45× | ||
| Q2 25 | -0.32× | 0.97× | ||
| Q1 25 | 1.62× | — | ||
| Q4 24 | — | 10.28× | ||
| Q3 24 | -0.05× | 18.22× | ||
| Q2 24 | 1.57× | 4.29× | ||
| Q1 24 | -0.52× | — |
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
CBNK
暂无分部数据
RMAX
| Franchising Segment | $50.1M | 70% |
| Broker Fees | $13.9M | 20% |
| Annual Dues | $7.4M | 10% |
