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Chatham Lodging Trust（CLDT）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Chatham Lodging Trust的1.1倍（$71.1M vs $67.7M），Chatham Lodging Trust净利率更高（6.8% vs 2.0%，领先4.8%），RE/MAX Holdings, Inc.同比增速更快（-1.8% vs -9.8%），过去两年Chatham Lodging Trust的营收复合增速更高（-0.5% vs -4.7%）
查塔姆住宿信托是一家专注于投资、持有及运营高端长住型和精选服务类酒店物业的房地产投资信托，主要布局美国高需求的城市及城郊市场，服务商务与休闲旅客群体，追求长期稳定的现金流收益。
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。
CLDT vs RMAX — 直观对比
营收规模更大
RMAX
是对方的1.1倍
$67.7M
营收增速更快
RMAX
高出8.0%
-9.8%
净利率更高
CLDT
高出4.8%
2.0%
两年增速更快
CLDT
近两年复合增速
-4.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $67.7M | $71.1M |
| 净利润 | $4.6M | $1.4M |
| 毛利率 | — | — |
| 营业利润率 | 15.9% | 13.1% |
| 净利率 | 6.8% | 2.0% |
| 营收同比 | -9.8% | -1.8% |
| 净利润同比 | 369.9% | -75.2% |
| 每股收益（稀释后） | $0.05 | — |
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CLDTRMAX
| Q4 25 | $67.7M | $71.1M | ||
| Q3 25 | $78.4M | $73.2M | ||
| Q2 25 | $80.3M | $72.8M | ||
| Q1 25 | $68.6M | $74.5M | ||
| Q4 24 | $75.1M | $72.5M | ||
| Q3 24 | $87.2M | $78.5M | ||
| Q2 24 | $86.5M | $78.5M | ||
| Q1 24 | $68.4M | $78.3M |
净利润CLDTRMAX
| Q4 25 | $4.6M | $1.4M | ||
| Q3 25 | $3.5M | $4.0M | ||
| Q2 25 | $5.4M | $4.7M | ||
| Q1 25 | $1.5M | $-2.0M | ||
| Q4 24 | $-1.7M | $5.8M | ||
| Q3 24 | $4.3M | $966.0K | ||
| Q2 24 | $6.8M | $3.7M | ||
| Q1 24 | $-5.2M | $-3.4M |
毛利率CLDTRMAX
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 40.7% | — | ||
| Q3 24 | 44.7% | — | ||
| Q2 24 | 46.1% | — | ||
| Q1 24 | 38.9% | — |
营业利润率CLDTRMAX
| Q4 25 | 15.9% | 13.1% | ||
| Q3 25 | 12.7% | 25.0% | ||
| Q2 25 | 14.8% | 19.3% | ||
| Q1 25 | 12.1% | 7.2% | ||
| Q4 24 | 7.5% | 5.9% | ||
| Q3 24 | 14.3% | 19.4% | ||
| Q2 24 | 16.3% | 20.6% | ||
| Q1 24 | 1.4% | 5.8% |
净利率CLDTRMAX
| Q4 25 | 6.8% | 2.0% | ||
| Q3 25 | 4.5% | 5.4% | ||
| Q2 25 | 6.7% | 6.4% | ||
| Q1 25 | 2.2% | -2.6% | ||
| Q4 24 | -2.3% | 8.0% | ||
| Q3 24 | 4.9% | 1.2% | ||
| Q2 24 | 7.9% | 4.7% | ||
| Q1 24 | -7.6% | -4.3% |
每股收益（稀释后）CLDTRMAX
| Q4 25 | $0.05 | — | ||
| Q3 25 | $0.03 | — | ||
| Q2 25 | $0.07 | — | ||
| Q1 25 | $-0.01 | — | ||
| Q4 24 | $-0.08 | — | ||
| Q3 24 | $0.05 | — | ||
| Q2 24 | $0.10 | — | ||
| Q1 24 | $-0.15 | — |
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 | $24.4M | $118.7M |
| 总债务越低越好 | $338.9M | $432.2M |
| 股东权益账面价值 | $740.8M | $452.4M |
| 总资产 | $1.2B | $582.5M |
| 负债/权益比越低杠杆越低 | 0.46× | 0.96× |
8季度趋势，按日历期对齐
现金及短期投资CLDTRMAX
| Q4 25 | $24.4M | $118.7M | ||
| Q3 25 | $13.2M | $107.5M | ||
| Q2 25 | $17.2M | $94.3M | ||
| Q1 25 | $18.6M | $89.1M | ||
| Q4 24 | $20.2M | $96.6M | ||
| Q3 24 | $19.3M | $83.8M | ||
| Q2 24 | $10.6M | $66.1M | ||
| Q1 24 | $72.3M | $82.1M |
总债务CLDTRMAX
| Q4 25 | $338.9M | $432.2M | ||
| Q3 25 | $338.8M | $433.3M | ||
| Q2 25 | $351.2M | $434.4M | ||
| Q1 25 | $381.1M | $435.3M | ||
| Q4 24 | $406.9M | $436.2M | ||
| Q3 24 | — | $437.2M | ||
| Q2 24 | — | $438.1M | ||
| Q1 24 | — | $439.0M |
股东权益CLDTRMAX
| Q4 25 | $740.8M | $452.4M | ||
| Q3 25 | $749.4M | $448.1M | ||
| Q2 25 | $754.1M | $442.4M | ||
| Q1 25 | $754.7M | $433.5M | ||
| Q4 24 | $758.2M | $429.5M | ||
| Q3 24 | $765.3M | $423.1M | ||
| Q2 24 | $766.5M | $418.4M | ||
| Q1 24 | $765.0M | $412.0M |
总资产CLDTRMAX
| Q4 25 | $1.2B | $582.5M | ||
| Q3 25 | $1.2B | $582.2M | ||
| Q2 25 | $1.2B | $574.8M | ||
| Q1 25 | $1.2B | $571.4M | ||
| Q4 24 | $1.3B | $581.6M | ||
| Q3 24 | $1.3B | $578.6M | ||
| Q2 24 | $1.3B | $571.4M | ||
| Q1 24 | $1.3B | $566.7M |
负债/权益比CLDTRMAX
| Q4 25 | 0.46× | 0.96× | ||
| Q3 25 | 0.45× | 0.97× | ||
| Q2 25 | 0.47× | 0.98× | ||
| Q1 25 | 0.50× | 1.00× | ||
| Q4 24 | 0.54× | 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 | $64.1M | $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 | 13.90× | 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CLDTRMAX
| Q4 25 | $64.1M | $40.9M | ||
| Q3 25 | $25.6M | $17.7M | ||
| Q2 25 | $22.1M | $4.6M | ||
| Q1 25 | $4.2M | $5.7M | ||
| Q4 24 | $73.8M | $59.7M | ||
| Q3 24 | $28.8M | $17.6M | ||
| Q2 24 | $25.2M | $15.9M | ||
| Q1 24 | $6.9M | $9.4M |
自由现金流CLDTRMAX
| 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CLDTRMAX
| 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CLDTRMAX
| 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CLDTRMAX
| Q4 25 | 13.90× | 28.39× | ||
| Q3 25 | 7.24× | 4.45× | ||
| Q2 25 | 4.10× | 0.97× | ||
| Q1 25 | 2.73× | — | ||
| Q4 24 | — | 10.28× | ||
| Q3 24 | 6.78× | 18.22× | ||
| Q2 24 | 3.68× | 4.29× | ||
| Q1 24 | — | — |
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
CLDT
| Occupancy | $61.5M | 91% |
| Hotel Other | $4.2M | 6% |
| Food And Beverage | $1.8M | 3% |
| Hotel | $1.1M | 2% |
RMAX
| Franchising Segment | $50.1M | 70% |
| Broker Fees | $13.9M | 20% |
| Annual Dues | $7.4M | 10% |
