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西铁城（CIA）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
西铁城的季度营收约是RE/MAX Holdings, Inc.的1.0倍（$72.1M vs $71.1M），西铁城净利率更高（10.2% vs 2.0%，领先8.2%），西铁城同比增速更快（13.5% vs -1.8%），RE/MAX Holdings, Inc.自由现金流更多（$33.5M vs $17.5M），过去两年西铁城的营收复合增速更高（11.7% vs -4.7%）
西铁城钟表株式会社，又称西铁城集团，是总部位于日本东京西东京市的知名跨国电子企业，核心业务为腕表制造，是西铁城集团的核心企业。除西铁城品牌腕表外，集团还拥有美国钟表公司宝路华，业务同时涵盖计算器、打印机、医疗设备与精密CNC加工设备制造。
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。
CIA vs RMAX — 直观对比
营收规模更大
CIA
是对方的1.0倍
$71.1M
营收增速更快
CIA
高出15.4%
-1.8%
净利率更高
CIA
高出8.2%
2.0%
自由现金流更多
RMAX
多$16.0M
$17.5M
两年增速更快
CIA
近两年复合增速
-4.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $72.1M | $71.1M |
| 净利润 | $7.3M | $1.4M |
| 毛利率 | — | — |
| 营业利润率 | 10.9% | 13.1% |
| 净利率 | 10.2% | 2.0% |
| 营收同比 | 13.5% | -1.8% |
| 净利润同比 | 102.7% | -75.2% |
| 每股收益（稀释后） | — | — |
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CIARMAX
| Q4 25 | $72.1M | $71.1M | ||
| Q3 25 | $62.8M | $73.2M | ||
| Q2 25 | $65.1M | $72.8M | ||
| Q1 25 | $55.7M | $74.5M | ||
| Q4 24 | $63.5M | $72.5M | ||
| Q3 24 | $61.7M | $78.5M | ||
| Q2 24 | $62.1M | $78.5M | ||
| Q1 24 | $57.7M | $78.3M |
净利润CIARMAX
| Q4 25 | $7.3M | $1.4M | ||
| Q3 25 | $2.4M | $4.0M | ||
| Q2 25 | $6.5M | $4.7M | ||
| Q1 25 | $-1.6M | $-2.0M | ||
| Q4 24 | $3.6M | $5.8M | ||
| Q3 24 | $2.8M | $966.0K | ||
| Q2 24 | $4.0M | $3.7M | ||
| Q1 24 | $4.5M | $-3.4M |
营业利润率CIARMAX
| Q4 25 | 10.9% | 13.1% | ||
| Q3 25 | 7.1% | 25.0% | ||
| Q2 25 | 10.6% | 19.3% | ||
| Q1 25 | -3.2% | 7.2% | ||
| Q4 24 | 5.9% | 5.9% | ||
| Q3 24 | 4.9% | 19.4% | ||
| Q2 24 | 5.3% | 20.6% | ||
| Q1 24 | 8.5% | 5.8% |
净利率CIARMAX
| Q4 25 | 10.2% | 2.0% | ||
| Q3 25 | 3.8% | 5.4% | ||
| Q2 25 | 9.9% | 6.4% | ||
| Q1 25 | -2.9% | -2.6% | ||
| Q4 24 | 5.7% | 8.0% | ||
| Q3 24 | 4.5% | 1.2% | ||
| Q2 24 | 6.4% | 4.7% | ||
| Q1 24 | 7.9% | -4.3% |
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 | $23.0M | $118.7M |
| 总债务越低越好 | — | $432.2M |
| 股东权益账面价值 | $235.0M | $452.4M |
| 总资产 | $1.8B | $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CIARMAX
| Q4 25 | $23.0M | $118.7M | ||
| Q3 25 | $23.1M | $107.5M | ||
| Q2 25 | $22.7M | $94.3M | ||
| Q1 25 | $18.4M | $89.1M | ||
| Q4 24 | $29.3M | $96.6M | ||
| Q3 24 | $32.4M | $83.8M | ||
| Q2 24 | $26.3M | $66.1M | ||
| Q1 24 | $23.2M | $82.1M |
总债务CIARMAX
| 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CIARMAX
| Q4 25 | $235.0M | $452.4M | ||
| Q3 25 | $225.6M | $448.1M | ||
| Q2 25 | $229.0M | $442.4M | ||
| Q1 25 | $218.1M | $433.5M | ||
| Q4 24 | $210.4M | $429.5M | ||
| Q3 24 | $207.6M | $423.1M | ||
| Q2 24 | $191.5M | $418.4M | ||
| Q1 24 | $195.2M | $412.0M |
总资产CIARMAX
| Q4 25 | $1.8B | $582.5M | ||
| Q3 25 | $1.7B | $582.2M | ||
| Q2 25 | $1.7B | $574.8M | ||
| Q1 25 | $1.7B | $571.4M | ||
| Q4 24 | $1.7B | $581.6M | ||
| Q3 24 | $1.7B | $578.6M | ||
| Q2 24 | $1.7B | $571.4M | ||
| Q1 24 | $1.7B | $566.7M |
负债/权益比CIARMAX
| 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 | $18.0M | $40.9M |
| 自由现金流经营现金流 - 资本支出 | $17.5M | $33.5M |
| 自由现金流率自由现金流/营收 | 24.3% | 47.1% |
| 资本支出强度资本支出/营收 | 0.6% | 10.4% |
| 现金转化率经营现金流/净利润 | 2.45× | 28.39× |
| 过去12个月自由现金流最近4个季度 | $26.1M | $56.8M |
8季度趋势，按日历期对齐
经营现金流CIARMAX
| Q4 25 | $18.0M | $40.9M | ||
| Q3 25 | $4.7M | $17.7M | ||
| Q2 25 | $3.5M | $4.6M | ||
| Q1 25 | $748.0K | $5.7M | ||
| Q4 24 | $31.9M | $59.7M | ||
| Q3 24 | $9.7M | $17.6M | ||
| Q2 24 | $4.6M | $15.9M | ||
| Q1 24 | $6.8M | $9.4M |
自由现金流CIARMAX
| Q4 25 | $17.5M | $33.5M | ||
| Q3 25 | $4.6M | $16.4M | ||
| Q2 25 | $3.3M | $2.9M | ||
| Q1 25 | $641.0K | $4.0M | ||
| Q4 24 | $31.3M | $53.0M | ||
| Q3 24 | $9.3M | $16.3M | ||
| Q2 24 | $4.5M | $14.0M | ||
| Q1 24 | $6.7M | $6.8M |
自由现金流率CIARMAX
| Q4 25 | 24.3% | 47.1% | ||
| Q3 25 | 7.3% | 22.4% | ||
| Q2 25 | 5.1% | 4.0% | ||
| Q1 25 | 1.2% | 5.3% | ||
| Q4 24 | 49.2% | 73.2% | ||
| Q3 24 | 15.1% | 20.8% | ||
| Q2 24 | 7.2% | 17.8% | ||
| Q1 24 | 11.7% | 8.6% |
资本支出强度CIARMAX
| Q4 25 | 0.6% | 10.4% | ||
| Q3 25 | 0.1% | 1.8% | ||
| Q2 25 | 0.3% | 2.2% | ||
| Q1 25 | 0.2% | 2.3% | ||
| Q4 24 | 1.0% | 9.1% | ||
| Q3 24 | 0.6% | 1.7% | ||
| Q2 24 | 0.2% | 2.4% | ||
| Q1 24 | 0.1% | 3.3% |
现金转化率CIARMAX
| Q4 25 | 2.45× | 28.39× | ||
| Q3 25 | 1.93× | 4.45× | ||
| Q2 25 | 0.54× | 0.97× | ||
| Q1 25 | — | — | ||
| Q4 24 | 8.81× | 10.28× | ||
| Q3 24 | 3.48× | 18.22× | ||
| Q2 24 | 1.16× | 4.29× | ||
| Q1 24 | 1.49× | — |
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
CIA
暂无分部数据
RMAX
| Franchising Segment | $50.1M | 70% |
| Broker Fees | $13.9M | 20% |
| Annual Dues | $7.4M | 10% |
