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Clipper Realty Inc.（CLPR）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Clipper Realty Inc.的1.9倍（$71.1M vs $37.1M），RE/MAX Holdings, Inc.净利率更高（2.0% vs -30.4%，领先32.4%），RE/MAX Holdings, Inc.同比增速更快（-1.8% vs -2.6%），过去两年Clipper Realty Inc.的营收复合增速更高（1.8% vs -4.7%）
Clipper Realty Inc.旗下Clipper Equity由大卫·比斯特里瑟和山姆·莱文森牵头成立，在美国纽约与新泽西州拥有超60栋物业，合计数千套住宅单元。该企业最为人熟知的事迹是曾在2007年2月出价13亿美元收购纽约布鲁克林的斯塔雷特城住宅区，该交易曾是当时全球规模最大的房地产交易之一。
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。
CLPR vs RMAX — 直观对比
营收规模更大
RMAX
是对方的1.9倍
$37.1M
营收增速更快
RMAX
高出0.7%
-2.6%
净利率更高
RMAX
高出32.4%
-30.4%
两年增速更快
CLPR
近两年复合增速
-4.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $37.1M | $71.1M |
| 净利润 | $-11.3M | $1.4M |
| 毛利率 | -5.2% | — |
| 营业利润率 | 21.8% | 13.1% |
| 净利率 | -30.4% | 2.0% |
| 营收同比 | -2.6% | -1.8% |
| 净利润同比 | -938.6% | -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CLPRRMAX
| Q4 25 | $37.1M | $71.1M | ||
| Q3 25 | $37.7M | $73.2M | ||
| Q2 25 | $39.0M | $72.8M | ||
| Q1 25 | $39.4M | $74.5M | ||
| Q4 24 | $38.0M | $72.5M | ||
| Q3 24 | $37.6M | $78.5M | ||
| Q2 24 | $37.3M | $78.5M | ||
| Q1 24 | $35.8M | $78.3M |
净利润CLPRRMAX
| Q4 25 | $-11.3M | $1.4M | ||
| Q3 25 | $-4.6M | $4.0M | ||
| Q2 25 | $-1.4M | $4.7M | ||
| Q1 25 | $-35.1M | $-2.0M | ||
| Q4 24 | $-1.1M | $5.8M | ||
| Q3 24 | $-1.1M | $966.0K | ||
| Q2 24 | $-1.7M | $3.7M | ||
| Q1 24 | $-2.7M | $-3.4M |
毛利率CLPRRMAX
| Q4 25 | -5.2% | — | ||
| Q3 25 | 23.6% | — | ||
| Q2 25 | 27.8% | — | ||
| Q1 25 | -34.5% | — | ||
| Q4 24 | 28.8% | — | ||
| Q3 24 | 28.6% | — | ||
| Q2 24 | 26.8% | — | ||
| Q1 24 | 25.4% | — |
营业利润率CLPRRMAX
| Q4 25 | 21.8% | 13.1% | ||
| Q3 25 | 23.6% | 25.0% | ||
| Q2 25 | 27.7% | 19.3% | ||
| Q1 25 | -59.9% | 7.2% | ||
| Q4 24 | 28.1% | 5.9% | ||
| Q3 24 | 28.6% | 19.4% | ||
| Q2 24 | 26.8% | 20.6% | ||
| Q1 24 | 25.4% | 5.8% |
净利率CLPRRMAX
| Q4 25 | -30.4% | 2.0% | ||
| Q3 25 | -12.2% | 5.4% | ||
| Q2 25 | -3.5% | 6.4% | ||
| Q1 25 | -89.1% | -2.6% | ||
| Q4 24 | -2.9% | 8.0% | ||
| Q3 24 | -2.9% | 1.2% | ||
| Q2 24 | -4.7% | 4.7% | ||
| Q1 24 | -7.5% | -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 | $30.8M | $118.7M |
| 总债务越低越好 | — | $432.2M |
| 股东权益账面价值 | $-30.7M | $452.4M |
| 总资产 | $1.2B | $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CLPRRMAX
| Q4 25 | $30.8M | $118.7M | ||
| Q3 25 | $26.1M | $107.5M | ||
| Q2 25 | $32.0M | $94.3M | ||
| Q1 25 | $21.3M | $89.1M | ||
| Q4 24 | $19.9M | $96.6M | ||
| Q3 24 | $18.6M | $83.8M | ||
| Q2 24 | $20.3M | $66.1M | ||
| Q1 24 | $21.9M | $82.1M |
总债务CLPRRMAX
| Q4 25 | — | $432.2M | ||
| Q3 25 | — | $433.3M | ||
| Q2 25 | — | $434.4M | ||
| Q1 25 | $1.3B | $435.3M | ||
| Q4 24 | $1.3B | $436.2M | ||
| Q3 24 | $1.3B | $437.2M | ||
| Q2 24 | $1.2B | $438.1M | ||
| Q1 24 | $1.2B | $439.0M |
股东权益CLPRRMAX
| Q4 25 | $-30.7M | $452.4M | ||
| Q3 25 | $-25.0M | $448.1M | ||
| Q2 25 | $-21.9M | $442.4M | ||
| Q1 25 | $-20.1M | $433.5M | ||
| Q4 24 | $-5.4M | $429.5M | ||
| Q3 24 | $-3.6M | $423.1M | ||
| Q2 24 | $-1.8M | $418.4M | ||
| Q1 24 | $279.0K | $412.0M |
总资产CLPRRMAX
| Q4 25 | $1.2B | $582.5M | ||
| Q3 25 | $1.2B | $582.2M | ||
| Q2 25 | $1.2B | $574.8M | ||
| Q1 25 | $1.3B | $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CLPRRMAX
| 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 | 4396.73× | 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 | $22.6M | $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CLPRRMAX
| Q4 25 | $22.6M | $40.9M | ||
| Q3 25 | $1.4M | $17.7M | ||
| Q2 25 | $8.4M | $4.6M | ||
| Q1 25 | $6.7M | $5.7M | ||
| Q4 24 | $31.9M | $59.7M | ||
| Q3 24 | $6.3M | $17.6M | ||
| Q2 24 | $8.8M | $15.9M | ||
| Q1 24 | $6.3M | $9.4M |
自由现金流CLPRRMAX
| Q4 25 | — | $33.5M | ||
| Q3 25 | — | $16.4M | ||
| Q2 25 | — | $2.9M | ||
| Q1 25 | $-4.6M | $4.0M | ||
| Q4 24 | $-37.9M | $53.0M | ||
| Q3 24 | — | $16.3M | ||
| Q2 24 | — | $14.0M | ||
| Q1 24 | $-14.7M | $6.8M |
自由现金流率CLPRRMAX
| Q4 25 | — | 47.1% | ||
| Q3 25 | — | 22.4% | ||
| Q2 25 | — | 4.0% | ||
| Q1 25 | -11.7% | 5.3% | ||
| Q4 24 | -99.5% | 73.2% | ||
| Q3 24 | — | 20.8% | ||
| Q2 24 | — | 17.8% | ||
| Q1 24 | -41.1% | 8.6% |
资本支出强度CLPRRMAX
| Q4 25 | — | 10.4% | ||
| Q3 25 | — | 1.8% | ||
| Q2 25 | — | 2.2% | ||
| Q1 25 | 28.6% | 2.3% | ||
| Q4 24 | 183.3% | 9.1% | ||
| Q3 24 | — | 1.7% | ||
| Q2 24 | — | 2.4% | ||
| Q1 24 | 58.6% | 3.3% |
现金转化率CLPRRMAX
| 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 | — | — |
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
CLPR
| Residential Segment | $30.8M | 83% |
| Commercial Real Estate | $6.2M | 17% |
RMAX
| Franchising Segment | $50.1M | 70% |
| Broker Fees | $13.9M | 20% |
| Annual Dues | $7.4M | 10% |
