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Cerence Inc.（CRNC）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
Cerence Inc.的季度营收约是RE/MAX Holdings, Inc.的1.6倍（$115.1M vs $71.1M），RE/MAX Holdings, Inc.净利率更高（2.0% vs -4.6%，领先6.6%），Cerence Inc.同比增速更快（126.1% vs -1.8%），Cerence Inc.自由现金流更多（$35.6M vs $33.5M），过去两年Cerence Inc.的营收复合增速更高（30.3% vs -4.7%）
Cerence Inc.是一家美国跨国软件企业，核心业务为研发面向汽车领域的人工智能语音助手技术，凭借在车载智能交互领域的技术积累，为全球多家车企提供智能化车载体验解决方案。
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。
CRNC vs RMAX — 直观对比
营收规模更大
CRNC
是对方的1.6倍
$71.1M
营收增速更快
CRNC
高出127.9%
-1.8%
净利率更高
RMAX
高出6.6%
-4.6%
自由现金流更多
CRNC
多$2.1M
$33.5M
两年增速更快
CRNC
近两年复合增速
-4.7%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $115.1M | $71.1M |
| 净利润 | $-5.2M | $1.4M |
| 毛利率 | 86.3% | — |
| 营业利润率 | 25.5% | 13.1% |
| 净利率 | -4.6% | 2.0% |
| 营收同比 | 126.1% | -1.8% |
| 净利润同比 | 78.4% | -75.2% |
| 每股收益（稀释后） | $-0.12 | — |
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CRNCRMAX
| Q4 25 | $115.1M | $71.1M | ||
| Q3 25 | $60.6M | $73.2M | ||
| Q2 25 | $62.2M | $72.8M | ||
| Q1 25 | $78.0M | $74.5M | ||
| Q4 24 | $50.9M | $72.5M | ||
| Q3 24 | $54.8M | $78.5M | ||
| Q2 24 | $70.5M | $78.5M | ||
| Q1 24 | $67.8M | $78.3M |
净利润CRNCRMAX
| Q4 25 | $-5.2M | $1.4M | ||
| Q3 25 | $-13.4M | $4.0M | ||
| Q2 25 | $-2.7M | $4.7M | ||
| Q1 25 | $21.7M | $-2.0M | ||
| Q4 24 | $-24.3M | $5.8M | ||
| Q3 24 | $-20.4M | $966.0K | ||
| Q2 24 | $-313.5M | $3.7M | ||
| Q1 24 | $-278.0M | $-3.4M |
毛利率CRNCRMAX
| Q4 25 | 86.3% | — | ||
| Q3 25 | 72.6% | — | ||
| Q2 25 | 73.7% | — | ||
| Q1 25 | 77.1% | — | ||
| Q4 24 | 65.0% | — | ||
| Q3 24 | 63.7% | — | ||
| Q2 24 | 71.5% | — | ||
| Q1 24 | 69.2% | — |
营业利润率CRNCRMAX
| Q4 25 | 25.5% | 13.1% | ||
| Q3 25 | -2.9% | 25.0% | ||
| Q2 25 | -1.5% | 19.3% | ||
| Q1 25 | 22.2% | 7.2% | ||
| Q4 24 | -33.3% | 5.9% | ||
| Q3 24 | -35.1% | 19.4% | ||
| Q2 24 | -503.1% | 20.6% | ||
| Q1 24 | -389.8% | 5.8% |
净利率CRNCRMAX
| Q4 25 | -4.6% | 2.0% | ||
| Q3 25 | -22.0% | 5.4% | ||
| Q2 25 | -4.4% | 6.4% | ||
| Q1 25 | 27.8% | -2.6% | ||
| Q4 24 | -47.7% | 8.0% | ||
| Q3 24 | -37.3% | 1.2% | ||
| Q2 24 | -444.5% | 4.7% | ||
| Q1 24 | -409.8% | -4.3% |
每股收益（稀释后）CRNCRMAX
| Q4 25 | $-0.12 | — | ||
| Q3 25 | $-0.26 | — | ||
| Q2 25 | $-0.06 | — | ||
| Q1 25 | $0.46 | — | ||
| Q4 24 | $-0.57 | — | ||
| Q3 24 | $-0.49 | — | ||
| Q2 24 | $-7.50 | — | ||
| Q1 24 | $-6.66 | — |
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 | $2.5M | $118.7M |
| 总债务越低越好 | $171.9M | $432.2M |
| 股东权益账面价值 | $150.4M | $452.4M |
| 总资产 | $602.0M | $582.5M |
| 负债/权益比越低杠杆越低 | 1.14× | 0.96× |
8季度趋势，按日历期对齐
现金及短期投资CRNCRMAX
| Q4 25 | $2.5M | $118.7M | ||
| Q3 25 | $3.4M | $107.5M | ||
| Q2 25 | $5.5M | $94.3M | ||
| Q1 25 | $5.4M | $89.1M | ||
| Q4 24 | $3.9M | $96.6M | ||
| Q3 24 | $5.5M | $83.8M | ||
| Q2 24 | $5.4M | $66.1M | ||
| Q1 24 | $9.4M | $82.1M |
总债务CRNCRMAX
| Q4 25 | $171.9M | $432.2M | ||
| Q3 25 | $199.7M | $433.3M | ||
| Q2 25 | $198.8M | $434.4M | ||
| Q1 25 | $257.6M | $435.3M | ||
| Q4 24 | $256.2M | $436.2M | ||
| Q3 24 | $281.9M | $437.2M | ||
| Q2 24 | $280.4M | $438.1M | ||
| Q1 24 | $278.9M | $439.0M |
股东权益CRNCRMAX
| Q4 25 | $150.4M | $452.4M | ||
| Q3 25 | $150.7M | $448.1M | ||
| Q2 25 | $155.7M | $442.4M | ||
| Q1 25 | $149.3M | $433.5M | ||
| Q4 24 | $120.7M | $429.5M | ||
| Q3 24 | $141.1M | $423.1M | ||
| Q2 24 | $154.2M | $418.4M | ||
| Q1 24 | $463.4M | $412.0M |
总资产CRNCRMAX
| Q4 25 | $602.0M | $582.5M | ||
| Q3 25 | $630.6M | $582.2M | ||
| Q2 25 | $636.8M | $574.8M | ||
| Q1 25 | $665.5M | $571.4M | ||
| Q4 24 | $617.5M | $581.6M | ||
| Q3 24 | $702.4M | $578.6M | ||
| Q2 24 | $674.0M | $571.4M | ||
| Q1 24 | $987.1M | $566.7M |
负债/权益比CRNCRMAX
| Q4 25 | 1.14× | 0.96× | ||
| Q3 25 | 1.33× | 0.97× | ||
| Q2 25 | 1.28× | 0.98× | ||
| Q1 25 | 1.73× | 1.00× | ||
| Q4 24 | 2.12× | 1.02× | ||
| Q3 24 | 2.00× | 1.03× | ||
| Q2 24 | 1.82× | 1.05× | ||
| Q1 24 | 0.60× | 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 | $37.9M | $40.9M |
| 自由现金流经营现金流 - 资本支出 | $35.6M | $33.5M |
| 自由现金流率自由现金流/营收 | 31.0% | 47.1% |
| 资本支出强度资本支出/营收 | 2.0% | 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 | $74.6M | $56.8M |
8季度趋势，按日历期对齐
经营现金流CRNCRMAX
| Q4 25 | $37.9M | $40.9M | ||
| Q3 25 | $12.8M | $17.7M | ||
| Q2 25 | $23.7M | $4.6M | ||
| Q1 25 | $15.5M | $5.7M | ||
| Q4 24 | $9.3M | $59.7M | ||
| Q3 24 | $6.1M | $17.6M | ||
| Q2 24 | $12.9M | $15.9M | ||
| Q1 24 | $1.0M | $9.4M |
自由现金流CRNCRMAX
| Q4 25 | $35.6M | $33.5M | ||
| Q3 25 | $9.7M | $16.4M | ||
| Q2 25 | $16.1M | $2.9M | ||
| Q1 25 | $13.1M | $4.0M | ||
| Q4 24 | $7.9M | $53.0M | ||
| Q3 24 | $4.7M | $16.3M | ||
| Q2 24 | $12.1M | $14.0M | ||
| Q1 24 | $-801.0K | $6.8M |
自由现金流率CRNCRMAX
| Q4 25 | 31.0% | 47.1% | ||
| Q3 25 | 16.1% | 22.4% | ||
| Q2 25 | 25.8% | 4.0% | ||
| Q1 25 | 16.8% | 5.3% | ||
| Q4 24 | 15.5% | 73.2% | ||
| Q3 24 | 8.5% | 20.8% | ||
| Q2 24 | 17.1% | 17.8% | ||
| Q1 24 | -1.2% | 8.6% |
资本支出强度CRNCRMAX
| Q4 25 | 2.0% | 10.4% | ||
| Q3 25 | 5.0% | 1.8% | ||
| Q2 25 | 12.3% | 2.2% | ||
| Q1 25 | 3.0% | 2.3% | ||
| Q4 24 | 2.7% | 9.1% | ||
| Q3 24 | 2.6% | 1.7% | ||
| Q2 24 | 1.1% | 2.4% | ||
| Q1 24 | 2.7% | 3.3% |
现金转化率CRNCRMAX
| Q4 25 | — | 28.39× | ||
| Q3 25 | — | 4.45× | ||
| Q2 25 | — | 0.97× | ||
| Q1 25 | 0.71× | — | ||
| 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
CRNC
| License | $87.8M | 76% |
| Connected Services | $14.5M | 13% |
| Professional Services | $12.8M | 11% |
RMAX
| Franchising Segment | $50.1M | 70% |
| Broker Fees | $13.9M | 20% |
| Annual Dues | $7.4M | 10% |
