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永明金融（CFFI）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.的季度营收约是永明金融的2.0倍（$71.1M vs $35.9M），永明金融净利率更高（18.7% vs 2.0%，领先16.6%），永明金融同比增速更快（12.0% vs -1.8%），RE/MAX Holdings, Inc.自由现金流更多（$33.5M vs $22.2M），过去两年永明金融的营收复合增速更高（8.2% vs -4.7%）
永明金融是一家总部位于加拿大安大略省多伦多市的金融服务公司，创立于1865年，业务遍及全球，主要提供人寿保险、财富管理以及资产管理服务。截至2024年，公司管理资产规模超过1.3万亿加元，服务网络覆盖加拿大、美国、亚洲及多个其他市场。
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。
CFFI vs RMAX — 直观对比
营收规模更大
RMAX
是对方的2.0倍
$35.9M
营收增速更快
CFFI
高出13.8%
-1.8%
净利率更高
CFFI
高出16.6%
2.0%
自由现金流更多
RMAX
多$11.3M
$22.2M
两年增速更快
CFFI
近两年复合增速
-4.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $35.9M | $71.1M |
| 净利润 | $6.7M | $1.4M |
| 毛利率 | — | — |
| 营业利润率 | 22.6% | 13.1% |
| 净利率 | 18.7% | 2.0% |
| 营收同比 | 12.0% | -1.8% |
| 净利润同比 | 11.0% | -75.2% |
| 每股收益（稀释后） | $2.08 | — |
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CFFIRMAX
| Q4 25 | $35.9M | $71.1M | ||
| Q3 25 | $36.0M | $73.2M | ||
| Q2 25 | $36.4M | $72.8M | ||
| Q1 25 | $32.6M | $74.5M | ||
| Q4 24 | $32.0M | $72.5M | ||
| Q3 24 | $33.5M | $78.5M | ||
| Q2 24 | $31.2M | $78.5M | ||
| Q1 24 | $30.6M | $78.3M |
净利润CFFIRMAX
| Q4 25 | $6.7M | $1.4M | ||
| Q3 25 | $7.1M | $4.0M | ||
| Q2 25 | $7.7M | $4.7M | ||
| Q1 25 | $5.4M | $-2.0M | ||
| Q4 24 | $6.0M | $5.8M | ||
| Q3 24 | $5.4M | $966.0K | ||
| Q2 24 | $5.0M | $3.7M | ||
| Q1 24 | $3.4M | $-3.4M |
营业利润率CFFIRMAX
| Q4 25 | 22.6% | 13.1% | ||
| Q3 25 | 24.5% | 25.0% | ||
| Q2 25 | 26.5% | 19.3% | ||
| Q1 25 | 20.0% | 7.2% | ||
| Q4 24 | 22.6% | 5.9% | ||
| Q3 24 | 19.9% | 19.4% | ||
| Q2 24 | 20.0% | 20.6% | ||
| Q1 24 | 13.1% | 5.8% |
净利率CFFIRMAX
| Q4 25 | 18.7% | 2.0% | ||
| Q3 25 | 19.6% | 5.4% | ||
| Q2 25 | 21.2% | 6.4% | ||
| Q1 25 | 16.5% | -2.6% | ||
| Q4 24 | 18.8% | 8.0% | ||
| Q3 24 | 16.1% | 1.2% | ||
| Q2 24 | 16.1% | 4.7% | ||
| Q1 24 | 11.1% | -4.3% |
每股收益（稀释后）CFFIRMAX
| Q4 25 | $2.08 | — | ||
| Q3 25 | $2.18 | — | ||
| Q2 25 | $2.37 | — | ||
| Q1 25 | $1.66 | — | ||
| Q4 24 | $1.85 | — | ||
| Q3 24 | $1.65 | — | ||
| Q2 24 | $1.50 | — | ||
| Q1 24 | $1.01 | — |
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 | $261.8M | $452.4M |
| 总资产 | $2.8B | $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CFFIRMAX
| 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CFFIRMAX
| 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CFFIRMAX
| Q4 25 | $261.8M | $452.4M | ||
| Q3 25 | $253.3M | $448.1M | ||
| Q2 25 | $240.3M | $442.4M | ||
| Q1 25 | $234.6M | $433.5M | ||
| Q4 24 | $226.4M | $429.5M | ||
| Q3 24 | $227.3M | $423.1M | ||
| Q2 24 | $218.5M | $418.4M | ||
| Q1 24 | $216.3M | $412.0M |
总资产CFFIRMAX
| Q4 25 | $2.8B | $582.5M | ||
| Q3 25 | $2.7B | $582.2M | ||
| Q2 25 | $2.7B | $574.8M | ||
| Q1 25 | $2.6B | $571.4M | ||
| Q4 24 | $2.6B | $581.6M | ||
| Q3 24 | $2.6B | $578.6M | ||
| Q2 24 | $2.5B | $571.4M | ||
| Q1 24 | $2.5B | $566.7M |
负债/权益比CFFIRMAX
| 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 | $24.5M | $40.9M |
| 自由现金流经营现金流 - 资本支出 | $22.2M | $33.5M |
| 自由现金流率自由现金流/营收 | 61.8% | 47.1% |
| 资本支出强度资本支出/营收 | 6.5% | 10.4% |
| 现金转化率经营现金流/净利润 | 3.65× | 28.39× |
| 过去12个月自由现金流最近4个季度 | $42.8M | $56.8M |
8季度趋势，按日历期对齐
经营现金流CFFIRMAX
| Q4 25 | $24.5M | $40.9M | ||
| Q3 25 | $23.4M | $17.7M | ||
| Q2 25 | $-4.4M | $4.6M | ||
| Q1 25 | $3.2M | $5.7M | ||
| Q4 24 | $36.8M | $59.7M | ||
| Q3 24 | $404.0K | $17.6M | ||
| Q2 24 | $1.7M | $15.9M | ||
| Q1 24 | $895.0K | $9.4M |
自由现金流CFFIRMAX
| Q4 25 | $22.2M | $33.5M | ||
| Q3 25 | $22.7M | $16.4M | ||
| Q2 25 | $-5.0M | $2.9M | ||
| Q1 25 | $2.9M | $4.0M | ||
| Q4 24 | $33.3M | $53.0M | ||
| Q3 24 | $-1.6M | $16.3M | ||
| Q2 24 | $1.2M | $14.0M | ||
| Q1 24 | $410.0K | $6.8M |
自由现金流率CFFIRMAX
| Q4 25 | 61.8% | 47.1% | ||
| Q3 25 | 63.0% | 22.4% | ||
| Q2 25 | -13.6% | 4.0% | ||
| Q1 25 | 9.0% | 5.3% | ||
| Q4 24 | 103.8% | 73.2% | ||
| Q3 24 | -4.9% | 20.8% | ||
| Q2 24 | 3.7% | 17.8% | ||
| Q1 24 | 1.3% | 8.6% |
资本支出强度CFFIRMAX
| Q4 25 | 6.5% | 10.4% | ||
| Q3 25 | 2.1% | 1.8% | ||
| Q2 25 | 1.6% | 2.2% | ||
| Q1 25 | 0.8% | 2.3% | ||
| Q4 24 | 10.9% | 9.1% | ||
| Q3 24 | 6.1% | 1.7% | ||
| Q2 24 | 1.7% | 2.4% | ||
| Q1 24 | 1.6% | 3.3% |
现金转化率CFFIRMAX
| Q4 25 | 3.65× | 28.39× | ||
| Q3 25 | 3.31× | 4.45× | ||
| Q2 25 | -0.57× | 0.97× | ||
| Q1 25 | 0.60× | — | ||
| Q4 24 | 6.09× | 10.28× | ||
| Q3 24 | 0.07× | 18.22× | ||
| Q2 24 | 0.34× | 4.29× | ||
| Q1 24 | 0.26× | — |
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
CFFI
| Community Banking | $25.9M | 72% |
| Consumer Finance Segment | $7.0M | 19% |
| Mortgage Banking Segment | $1.9M | 5% |
| Other | $1.1M | 3% |
RMAX
| Franchising Segment | $50.1M | 70% |
| Broker Fees | $13.9M | 20% |
| Annual Dues | $7.4M | 10% |
