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CENTERSPACE（CSR）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CENTERSPACE的1.1倍（$71.1M vs $66.6M），RE/MAX Holdings, Inc.净利率更高（2.0% vs -27.7%，领先29.7%），CENTERSPACE同比增速更快（0.3% vs -1.8%），CENTERSPACE自由现金流更多（$64.3M vs $33.5M），过去两年CENTERSPACE的营收复合增速更高（1.6% vs -4.7%）
Centerspace是一家专注于多户住宅物业持有、运营与开发的房地产投资企业，核心业务覆盖美国中西部及落基山西部区域，面向不同租户群体提供经济型及高端住宅选择，重视租户体验与资产长期价值增长。
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。
CSR vs RMAX — 直观对比
营收规模更大
RMAX
是对方的1.1倍
$66.6M
营收增速更快
CSR
高出2.2%
-1.8%
净利率更高
RMAX
高出29.7%
-27.7%
自由现金流更多
CSR
多$30.8M
$33.5M
两年增速更快
CSR
近两年复合增速
-4.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $66.6M | $71.1M |
| 净利润 | $-18.4M | $1.4M |
| 毛利率 | 96.5% | — |
| 营业利润率 | -15.9% | 13.1% |
| 净利率 | -27.7% | 2.0% |
| 营收同比 | 0.3% | -1.8% |
| 净利润同比 | -262.9% | -75.2% |
| 每股收益（稀释后） | $-1.08 | — |
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CSRRMAX
| Q4 25 | $66.6M | $71.1M | ||
| Q3 25 | $71.4M | $73.2M | ||
| Q2 25 | $68.5M | $72.8M | ||
| Q1 25 | $67.1M | $74.5M | ||
| Q4 24 | $66.4M | $72.5M | ||
| Q3 24 | $65.0M | $78.5M | ||
| Q2 24 | $65.0M | $78.5M | ||
| Q1 24 | $64.5M | $78.3M |
净利润CSRRMAX
| Q4 25 | $-18.4M | $1.4M | ||
| Q3 25 | $53.8M | $4.0M | ||
| Q2 25 | $-14.5M | $4.7M | ||
| Q1 25 | $-3.7M | $-2.0M | ||
| Q4 24 | $-5.1M | $5.8M | ||
| Q3 24 | $-1.0M | $966.0K | ||
| Q2 24 | $-1.3M | $3.7M | ||
| Q1 24 | $-3.9M | $-3.4M |
毛利率CSRRMAX
| Q4 25 | 96.5% | — | ||
| Q3 25 | 96.5% | — | ||
| Q2 25 | 96.5% | — | ||
| Q1 25 | 96.4% | — | ||
| Q4 24 | 96.5% | — | ||
| Q3 24 | 96.6% | — | ||
| Q2 24 | 96.6% | — | ||
| Q1 24 | 96.4% | — |
营业利润率CSRRMAX
| Q4 25 | -15.9% | 13.1% | ||
| Q3 25 | — | 25.0% | ||
| Q2 25 | -9.9% | 19.3% | ||
| Q1 25 | 7.1% | 7.2% | ||
| Q4 24 | 4.3% | 5.9% | ||
| Q3 24 | 9.8% | 19.4% | ||
| Q2 24 | 11.1% | 20.6% | ||
| Q1 24 | 6.3% | 5.8% |
净利率CSRRMAX
| Q4 25 | -27.7% | 2.0% | ||
| Q3 25 | 75.3% | 5.4% | ||
| Q2 25 | -21.2% | 6.4% | ||
| Q1 25 | -5.6% | -2.6% | ||
| Q4 24 | -7.6% | 8.0% | ||
| Q3 24 | -1.6% | 1.2% | ||
| Q2 24 | -2.0% | 4.7% | ||
| Q1 24 | -6.1% | -4.3% |
每股收益（稀释后）CSRRMAX
| Q4 25 | $-1.08 | — | ||
| Q3 25 | $3.19 | — | ||
| Q2 25 | $-0.87 | — | ||
| Q1 25 | $-0.22 | — | ||
| Q4 24 | $-0.31 | — | ||
| Q3 24 | $-0.40 | — | ||
| Q2 24 | $-0.19 | — | ||
| Q1 24 | $-0.37 | — |
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 | $12.8M | $118.7M |
| 总债务越低越好 | $1.0B | $432.2M |
| 股东权益账面价值 | $719.2M | $452.4M |
| 总资产 | $1.9B | $582.5M |
| 负债/权益比越低杠杆越低 | 1.42× | 0.96× |
8季度趋势，按日历期对齐
现金及短期投资CSRRMAX
| Q4 25 | $12.8M | $118.7M | ||
| Q3 25 | $12.9M | $107.5M | ||
| Q2 25 | $12.4M | $94.3M | ||
| Q1 25 | $11.9M | $89.1M | ||
| Q4 24 | $12.0M | $96.6M | ||
| Q3 24 | $14.5M | $83.8M | ||
| Q2 24 | $14.3M | $66.1M | ||
| Q1 24 | $12.7M | $82.1M |
总债务CSRRMAX
| Q4 25 | $1.0B | $432.2M | ||
| Q3 25 | $1.1B | $433.3M | ||
| Q2 25 | $1.1B | $434.4M | ||
| Q1 25 | $955.5M | $435.3M | ||
| Q4 24 | $955.4M | $436.2M | ||
| Q3 24 | $921.3M | $437.2M | ||
| Q2 24 | $931.7M | $438.1M | ||
| Q1 24 | $929.1M | $439.0M |
股东权益CSRRMAX
| Q4 25 | $719.2M | $452.4M | ||
| Q3 25 | $748.6M | $448.1M | ||
| Q2 25 | $710.1M | $442.4M | ||
| Q1 25 | $636.8M | $433.5M | ||
| Q4 24 | $752.0M | $429.5M | ||
| Q3 24 | $672.5M | $423.1M | ||
| Q2 24 | $680.7M | $418.4M | ||
| Q1 24 | $688.1M | $412.0M |
总资产CSRRMAX
| Q4 25 | $1.9B | $582.5M | ||
| Q3 25 | $2.1B | $582.2M | ||
| Q2 25 | $2.0B | $574.8M | ||
| Q1 25 | $1.9B | $571.4M | ||
| Q4 24 | $1.9B | $581.6M | ||
| Q3 24 | $1.9B | $578.6M | ||
| Q2 24 | $1.9B | $571.4M | ||
| Q1 24 | $1.9B | $566.7M |
负债/权益比CSRRMAX
| Q4 25 | 1.42× | 0.96× | ||
| Q3 25 | 1.53× | 0.97× | ||
| Q2 25 | 1.57× | 0.98× | ||
| Q1 25 | 1.50× | 1.00× | ||
| Q4 24 | 1.27× | 1.02× | ||
| Q3 24 | 1.37× | 1.03× | ||
| Q2 24 | 1.37× | 1.05× | ||
| Q1 24 | 1.35× | 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 | $98.5M | $40.9M |
| 自由现金流经营现金流 - 资本支出 | $64.3M | $33.5M |
| 自由现金流率自由现金流/营收 | 96.5% | 47.1% |
| 资本支出强度资本支出/营收 | 51.3% | 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 | $125.9M | $56.8M |
8季度趋势，按日历期对齐
经营现金流CSRRMAX
| Q4 25 | $98.5M | $40.9M | ||
| Q3 25 | $35.1M | $17.7M | ||
| Q2 25 | $25.3M | $4.6M | ||
| Q1 25 | $25.4M | $5.7M | ||
| Q4 24 | $98.2M | $59.7M | ||
| Q3 24 | $32.3M | $17.6M | ||
| Q2 24 | $22.9M | $15.9M | ||
| Q1 24 | $24.4M | $9.4M |
自由现金流CSRRMAX
| Q4 25 | $64.3M | $33.5M | ||
| Q3 25 | $25.7M | $16.4M | ||
| Q2 25 | $15.5M | $2.9M | ||
| Q1 25 | $20.4M | $4.0M | ||
| Q4 24 | $41.6M | $53.0M | ||
| Q3 24 | $20.5M | $16.3M | ||
| Q2 24 | $9.1M | $14.0M | ||
| Q1 24 | $2.6M | $6.8M |
自由现金流率CSRRMAX
| Q4 25 | 96.5% | 47.1% | ||
| Q3 25 | 36.0% | 22.4% | ||
| Q2 25 | 22.7% | 4.0% | ||
| Q1 25 | 30.4% | 5.3% | ||
| Q4 24 | 62.6% | 73.2% | ||
| Q3 24 | 31.5% | 20.8% | ||
| Q2 24 | 14.0% | 17.8% | ||
| Q1 24 | 4.0% | 8.6% |
资本支出强度CSRRMAX
| Q4 25 | 51.3% | 10.4% | ||
| Q3 25 | 13.1% | 1.8% | ||
| Q2 25 | 14.2% | 2.2% | ||
| Q1 25 | 7.5% | 2.3% | ||
| Q4 24 | 85.3% | 9.1% | ||
| Q3 24 | 18.2% | 1.7% | ||
| Q2 24 | 21.2% | 2.4% | ||
| Q1 24 | 33.8% | 3.3% |
现金转化率CSRRMAX
| Q4 25 | — | 28.39× | ||
| Q3 25 | 0.65× | 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
CSR
| Multi Family Residential | $57.3M | 86% |
| Other | $8.1M | 12% |
| Other Property Revenue | $1.2M | 2% |
RMAX
| Franchising Segment | $50.1M | 70% |
| Broker Fees | $13.9M | 20% |
| Annual Dues | $7.4M | 10% |
