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Cohen & Co Inc.（COHN）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
Cohen & Co Inc.的季度营收约是RE/MAX Holdings, Inc.的1.4倍（$102.7M vs $71.1M），Cohen & Co Inc.同比增速更快（454.1% vs -1.8%），RE/MAX Holdings, Inc.自由现金流更多（$33.5M vs $-2.5M），过去两年Cohen & Co Inc.的营收复合增速更高（135.3% vs -4.7%）
科恩父子公司是一家总部位于伦敦商业路的废金属贸易商，由乔治·亨利·科恩于1834年创立，最初名为乔治·科恩公司，1883年创始人之子迈克尔·科恩入职后更名为现名。一战结束后，公司拿下多份大型合同，负责处理包括40万吨烈性炸药及炮弹在内的剩余军火。
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。
COHN vs RMAX — 直观对比
营收规模更大
COHN
是对方的1.4倍
$71.1M
营收增速更快
COHN
高出456.0%
-1.8%
自由现金流更多
RMAX
多$36.0M
$-2.5M
两年增速更快
COHN
近两年复合增速
-4.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $102.7M | $71.1M |
| 净利润 | — | $1.4M |
| 毛利率 | — | — |
| 营业利润率 | 29.2% | 13.1% |
| 净利率 | — | 2.0% |
| 营收同比 | 454.1% | -1.8% |
| 净利润同比 | — | -75.2% |
| 每股收益（稀释后） | $0.77 | — |
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COHNRMAX
| Q4 25 | $102.7M | $71.1M | ||
| Q3 25 | $84.2M | $73.2M | ||
| Q2 25 | $59.9M | $72.8M | ||
| Q1 25 | $28.7M | $74.5M | ||
| Q4 24 | $18.5M | $72.5M | ||
| Q3 24 | $31.7M | $78.5M | ||
| Q2 24 | $10.8M | $78.5M | ||
| Q1 24 | $18.6M | $78.3M |
净利润COHNRMAX
| Q4 25 | — | $1.4M | ||
| Q3 25 | $4.6M | $4.0M | ||
| Q2 25 | $1.4M | $4.7M | ||
| Q1 25 | $329.0K | $-2.0M | ||
| Q4 24 | — | $5.8M | ||
| Q3 24 | $2.1M | $966.0K | ||
| Q2 24 | $-2.3M | $3.7M | ||
| Q1 24 | $2.0M | $-3.4M |
营业利润率COHNRMAX
| Q4 25 | 29.2% | 13.1% | ||
| Q3 25 | 25.8% | 25.0% | ||
| Q2 25 | 12.5% | 19.3% | ||
| Q1 25 | 0.4% | 7.2% | ||
| Q4 24 | -29.7% | 5.9% | ||
| Q3 24 | 22.8% | 19.4% | ||
| Q2 24 | -59.0% | 20.6% | ||
| Q1 24 | -18.2% | 5.8% |
净利率COHNRMAX
| Q4 25 | — | 2.0% | ||
| Q3 25 | 5.5% | 5.4% | ||
| Q2 25 | 2.4% | 6.4% | ||
| Q1 25 | 1.1% | -2.6% | ||
| Q4 24 | — | 8.0% | ||
| Q3 24 | 6.8% | 1.2% | ||
| Q2 24 | -21.8% | 4.7% | ||
| Q1 24 | 10.9% | -4.3% |
每股收益（稀释后）COHNRMAX
| Q4 25 | $0.77 | — | ||
| Q3 25 | $2.58 | — | ||
| Q2 25 | $0.81 | — | ||
| Q1 25 | $0.19 | — | ||
| Q4 24 | $-1.20 | — | ||
| Q3 24 | $1.31 | — | ||
| Q2 24 | $-1.47 | — | ||
| Q1 24 | $1.28 | — |
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 | $56.8M | $118.7M |
| 总债务越低越好 | $32.9M | $432.2M |
| 股东权益账面价值 | $51.1M | $452.4M |
| 总资产 | $700.6M | $582.5M |
| 负债/权益比越低杠杆越低 | 0.64× | 0.96× |
8季度趋势，按日历期对齐
现金及短期投资COHNRMAX
| Q4 25 | $56.8M | $118.7M | ||
| Q3 25 | $54.7M | $107.5M | ||
| Q2 25 | $26.0M | $94.3M | ||
| Q1 25 | $14.0M | $89.1M | ||
| Q4 24 | $19.6M | $96.6M | ||
| Q3 24 | $14.3M | $83.8M | ||
| Q2 24 | $9.6M | $66.1M | ||
| Q1 24 | $11.8M | $82.1M |
总债务COHNRMAX
| Q4 25 | $32.9M | $432.2M | ||
| Q3 25 | $32.7M | $433.3M | ||
| Q2 25 | $32.6M | $434.4M | ||
| Q1 25 | $35.0M | $435.3M | ||
| Q4 24 | $34.9M | $436.2M | ||
| Q3 24 | $34.9M | $437.2M | ||
| Q2 24 | $29.7M | $438.1M | ||
| Q1 24 | $29.7M | $439.0M |
股东权益COHNRMAX
| Q4 25 | $51.1M | $452.4M | ||
| Q3 25 | $47.8M | $448.1M | ||
| Q2 25 | $43.4M | $442.4M | ||
| Q1 25 | $42.0M | $433.5M | ||
| Q4 24 | $41.7M | $429.5M | ||
| Q3 24 | $43.8M | $423.1M | ||
| Q2 24 | $41.7M | $418.4M | ||
| Q1 24 | $43.8M | $412.0M |
总资产COHNRMAX
| Q4 25 | $700.6M | $582.5M | ||
| Q3 25 | $773.9M | $582.2M | ||
| Q2 25 | $1.1B | $574.8M | ||
| Q1 25 | $978.0M | $571.4M | ||
| Q4 24 | $971.1M | $581.6M | ||
| Q3 24 | $818.0M | $578.6M | ||
| Q2 24 | $826.0M | $571.4M | ||
| Q1 24 | $1.1B | $566.7M |
负债/权益比COHNRMAX
| Q4 25 | 0.64× | 0.96× | ||
| Q3 25 | 0.68× | 0.97× | ||
| Q2 25 | 0.75× | 0.98× | ||
| Q1 25 | 0.83× | 1.00× | ||
| Q4 24 | 0.84× | 1.02× | ||
| Q3 24 | 0.80× | 1.03× | ||
| Q2 24 | 0.71× | 1.05× | ||
| Q1 24 | 0.68× | 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 | $-2.1M | $40.9M |
| 自由现金流经营现金流 - 资本支出 | $-2.5M | $33.5M |
| 自由现金流率自由现金流/营收 | -2.4% | 47.1% |
| 资本支出强度资本支出/营收 | 0.4% | 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 | $26.1M | $56.8M |
8季度趋势，按日历期对齐
经营现金流COHNRMAX
| Q4 25 | $-2.1M | $40.9M | ||
| Q3 25 | $22.4M | $17.7M | ||
| Q2 25 | $13.3M | $4.6M | ||
| Q1 25 | $-6.4M | $5.7M | ||
| Q4 24 | $4.4M | $59.7M | ||
| Q3 24 | $4.1M | $17.6M | ||
| Q2 24 | $-4.2M | $15.9M | ||
| Q1 24 | $5.1M | $9.4M |
自由现金流COHNRMAX
| Q4 25 | $-2.5M | $33.5M | ||
| Q3 25 | $22.2M | $16.4M | ||
| Q2 25 | $12.9M | $2.9M | ||
| Q1 25 | $-6.5M | $4.0M | ||
| Q4 24 | $4.0M | $53.0M | ||
| Q3 24 | $3.8M | $16.3M | ||
| Q2 24 | $-4.6M | $14.0M | ||
| Q1 24 | $5.0M | $6.8M |
自由现金流率COHNRMAX
| Q4 25 | -2.4% | 47.1% | ||
| Q3 25 | 26.3% | 22.4% | ||
| Q2 25 | 21.6% | 4.0% | ||
| Q1 25 | -22.7% | 5.3% | ||
| Q4 24 | 21.4% | 73.2% | ||
| Q3 24 | 12.0% | 20.8% | ||
| Q2 24 | -42.4% | 17.8% | ||
| Q1 24 | 27.1% | 8.6% |
资本支出强度COHNRMAX
| Q4 25 | 0.4% | 10.4% | ||
| Q3 25 | 0.3% | 1.8% | ||
| Q2 25 | 0.7% | 2.2% | ||
| Q1 25 | 0.5% | 2.3% | ||
| Q4 24 | 2.5% | 9.1% | ||
| Q3 24 | 1.0% | 1.7% | ||
| Q2 24 | 3.5% | 2.4% | ||
| Q1 24 | 0.5% | 3.3% |
现金转化率COHNRMAX
| Q4 25 | — | 28.39× | ||
| Q3 25 | 4.88× | 4.45× | ||
| Q2 25 | 9.48× | 0.97× | ||
| Q1 25 | -19.37× | — | ||
| Q4 24 | — | 10.28× | ||
| Q3 24 | 1.91× | 18.22× | ||
| Q2 24 | — | 4.29× | ||
| Q1 24 | 2.54× | — |
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
COHN
| Capital Markets | $68.5M | 67% |
| Other | $25.7M | 25% |
| Gestational Repo Business | $5.6M | 5% |
| Asset Management Segment | $2.9M | 3% |
RMAX
| Franchising Segment | $50.1M | 70% |
| Broker Fees | $13.9M | 20% |
| Annual Dues | $7.4M | 10% |
