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Clarus Corp（CLAR）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Clarus Corp的1.1倍（$71.1M vs $65.4M），RE/MAX Holdings, Inc.净利率更高（2.0% vs -47.8%，领先49.8%），RE/MAX Holdings, Inc.同比增速更快（-1.8% vs -8.4%），RE/MAX Holdings, Inc.自由现金流更多（$33.5M vs $11.6M），过去两年Clarus Corp的营收复合增速更高（-2.9% vs -4.7%）
Clarus Corp是一家全球性企业，主营高性能户外休闲、登山、露营及生活方式产品的设计、生产与分销，旗下拥有多个知名消费品牌，为北美、欧洲及亚太地区的户外爱好者、专业运动员和零售合作伙伴提供创新耐用的运动装备。
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。
CLAR vs RMAX — 直观对比
营收规模更大
RMAX
是对方的1.1倍
$65.4M
营收增速更快
RMAX
高出6.6%
-8.4%
净利率更高
RMAX
高出49.8%
-47.8%
自由现金流更多
RMAX
多$21.9M
$11.6M
两年增速更快
CLAR
近两年复合增速
-4.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $65.4M | $71.1M |
| 净利润 | $-31.3M | $1.4M |
| 毛利率 | 27.7% | — |
| 营业利润率 | -59.6% | 13.1% |
| 净利率 | -47.8% | 2.0% |
| 营收同比 | -8.4% | -1.8% |
| 净利润同比 | 52.3% | -75.2% |
| 每股收益（稀释后） | $-0.81 | — |
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CLARRMAX
| Q4 25 | $65.4M | $71.1M | ||
| Q3 25 | $69.3M | $73.2M | ||
| Q2 25 | $55.2M | $72.8M | ||
| Q1 25 | $60.4M | $74.5M | ||
| Q4 24 | $71.4M | $72.5M | ||
| Q3 24 | $67.1M | $78.5M | ||
| Q2 24 | $56.5M | $78.5M | ||
| Q1 24 | $69.3M | $78.3M |
净利润CLARRMAX
| Q4 25 | $-31.3M | $1.4M | ||
| Q3 25 | $-1.6M | $4.0M | ||
| Q2 25 | $-8.4M | $4.7M | ||
| Q1 25 | $-5.2M | $-2.0M | ||
| Q4 24 | $-65.5M | $5.8M | ||
| Q3 24 | $-3.2M | $966.0K | ||
| Q2 24 | $-5.5M | $3.7M | ||
| Q1 24 | $21.9M | $-3.4M |
毛利率CLARRMAX
| Q4 25 | 27.7% | — | ||
| Q3 25 | 35.1% | — | ||
| Q2 25 | 35.6% | — | ||
| Q1 25 | 34.4% | — | ||
| Q4 24 | 33.4% | — | ||
| Q3 24 | 35.0% | — | ||
| Q2 24 | 36.1% | — | ||
| Q1 24 | 35.9% | — |
营业利润率CLARRMAX
| Q4 25 | -59.6% | 13.1% | ||
| Q3 25 | -4.4% | 25.0% | ||
| Q2 25 | -19.7% | 19.3% | ||
| Q1 25 | -11.2% | 7.2% | ||
| Q4 24 | -70.2% | 5.9% | ||
| Q3 24 | -8.0% | 19.4% | ||
| Q2 24 | -14.4% | 20.6% | ||
| Q1 24 | -9.8% | 5.8% |
净利率CLARRMAX
| Q4 25 | -47.8% | 2.0% | ||
| Q3 25 | -2.3% | 5.4% | ||
| Q2 25 | -15.3% | 6.4% | ||
| Q1 25 | -8.7% | -2.6% | ||
| Q4 24 | -91.8% | 8.0% | ||
| Q3 24 | -4.7% | 1.2% | ||
| Q2 24 | -9.7% | 4.7% | ||
| Q1 24 | 31.6% | -4.3% |
每股收益（稀释后）CLARRMAX
| Q4 25 | $-0.81 | — | ||
| Q3 25 | $-0.04 | — | ||
| Q2 25 | $-0.22 | — | ||
| Q1 25 | $-0.14 | — | ||
| Q4 24 | $-1.72 | — | ||
| Q3 24 | $-0.08 | — | ||
| Q2 24 | $-0.14 | — | ||
| Q1 24 | $0.57 | — |
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 | $36.7M | $118.7M |
| 总债务越低越好 | $0 | $432.2M |
| 股东权益账面价值 | $196.4M | $452.4M |
| 总资产 | $249.0M | $582.5M |
| 负债/权益比越低杠杆越低 | 0.00× | 0.96× |
8季度趋势，按日历期对齐
现金及短期投资CLARRMAX
| Q4 25 | $36.7M | $118.7M | ||
| Q3 25 | $29.5M | $107.5M | ||
| Q2 25 | $28.5M | $94.3M | ||
| Q1 25 | $41.3M | $89.1M | ||
| Q4 24 | $45.4M | $96.6M | ||
| Q3 24 | $36.4M | $83.8M | ||
| Q2 24 | $46.2M | $66.1M | ||
| Q1 24 | $47.5M | $82.1M |
总债务CLARRMAX
| Q4 25 | $0 | $432.2M | ||
| Q3 25 | $2.0M | $433.3M | ||
| Q2 25 | $1.9M | $434.4M | ||
| Q1 25 | $1.9M | $435.3M | ||
| Q4 24 | $1.9M | $436.2M | ||
| Q3 24 | — | $437.2M | ||
| Q2 24 | — | $438.1M | ||
| Q1 24 | $37.0K | $439.0M |
股东权益CLARRMAX
| Q4 25 | $196.4M | $452.4M | ||
| Q3 25 | $225.8M | $448.1M | ||
| Q2 25 | $225.1M | $442.4M | ||
| Q1 25 | $229.3M | $433.5M | ||
| Q4 24 | $233.1M | $429.5M | ||
| Q3 24 | $308.5M | $423.1M | ||
| Q2 24 | $307.3M | $418.4M | ||
| Q1 24 | $310.4M | $412.0M |
总资产CLARRMAX
| Q4 25 | $249.0M | $582.5M | ||
| Q3 25 | $283.1M | $582.2M | ||
| Q2 25 | $286.5M | $574.8M | ||
| Q1 25 | $292.8M | $571.4M | ||
| Q4 24 | $294.1M | $581.6M | ||
| Q3 24 | $375.3M | $578.6M | ||
| Q2 24 | $369.4M | $571.4M | ||
| Q1 24 | $377.0M | $566.7M |
负债/权益比CLARRMAX
| Q4 25 | 0.00× | 0.96× | ||
| Q3 25 | 0.01× | 0.97× | ||
| Q2 25 | 0.01× | 0.98× | ||
| Q1 25 | 0.01× | 1.00× | ||
| Q4 24 | 0.01× | 1.02× | ||
| Q3 24 | — | 1.03× | ||
| Q2 24 | — | 1.05× | ||
| Q1 24 | 0.00× | 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 | $12.5M | $40.9M |
| 自由现金流经营现金流 - 资本支出 | $11.6M | $33.5M |
| 自由现金流率自由现金流/营收 | 17.7% | 47.1% |
| 资本支出强度资本支出/营收 | 1.4% | 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 | $-9.9M | $56.8M |
8季度趋势，按日历期对齐
经营现金流CLARRMAX
| Q4 25 | $12.5M | $40.9M | ||
| Q3 25 | $-5.7M | $17.7M | ||
| Q2 25 | $-9.4M | $4.6M | ||
| Q1 25 | $-2.1M | $5.7M | ||
| Q4 24 | $16.6M | $59.7M | ||
| Q3 24 | $-8.3M | $17.6M | ||
| Q2 24 | $834.0K | $15.9M | ||
| Q1 24 | $-16.4M | $9.4M |
自由现金流CLARRMAX
| Q4 25 | $11.6M | $33.5M | ||
| Q3 25 | $-7.0M | $16.4M | ||
| Q2 25 | $-11.3M | $2.9M | ||
| Q1 25 | $-3.3M | $4.0M | ||
| Q4 24 | $14.4M | $53.0M | ||
| Q3 24 | $-9.4M | $16.3M | ||
| Q2 24 | $-744.0K | $14.0M | ||
| Q1 24 | $-18.3M | $6.8M |
自由现金流率CLARRMAX
| Q4 25 | 17.7% | 47.1% | ||
| Q3 25 | -10.0% | 22.4% | ||
| Q2 25 | -20.4% | 4.0% | ||
| Q1 25 | -5.4% | 5.3% | ||
| Q4 24 | 20.1% | 73.2% | ||
| Q3 24 | -14.0% | 20.8% | ||
| Q2 24 | -1.3% | 17.8% | ||
| Q1 24 | -26.3% | 8.6% |
资本支出强度CLARRMAX
| Q4 25 | 1.4% | 10.4% | ||
| Q3 25 | 1.8% | 1.8% | ||
| Q2 25 | 3.4% | 2.2% | ||
| Q1 25 | 2.0% | 2.3% | ||
| Q4 24 | 3.1% | 9.1% | ||
| Q3 24 | 1.6% | 1.7% | ||
| Q2 24 | 2.8% | 2.4% | ||
| Q1 24 | 2.7% | 3.3% |
现金转化率CLARRMAX
| Q4 25 | — | 28.39× | ||
| Q3 25 | — | 4.45× | ||
| Q2 25 | — | 0.97× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 10.28× | ||
| Q3 24 | — | 18.22× | ||
| Q2 24 | — | 4.29× | ||
| Q1 24 | -0.75× | — |
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
CLAR
| Other | $37.1M | 57% |
| Outdoor Segment | $25.3M | 39% |
| Adventure Segment | $3.0M | 5% |
RMAX
| Franchising Segment | $50.1M | 70% |
| Broker Fees | $13.9M | 20% |
| Annual Dues | $7.4M | 10% |
