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Caesarstone Ltd.（CSTE）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
Caesarstone Ltd.的季度营收约是RE/MAX Holdings, Inc.的1.3倍（$94.4M vs $71.1M），RE/MAX Holdings, Inc.净利率更高（2.0% vs -93.1%，领先95.1%），RE/MAX Holdings, Inc.自由现金流更多（$33.5M vs $-47.1M），过去两年RE/MAX Holdings, Inc.的营收复合增速更高（-4.7% vs -57.8%）
凯撒斯通有限公司成立于1987年，总部位于以色列，是一家上市建材企业，主要生产销售石英、陶瓷、矿物及融合工艺饰面材料，产品广泛应用于厨房台面、化妆台面板、墙面装饰、室内地板及各类整体室内设计项目，目前在美国纳斯达克上市。
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。
CSTE vs RMAX — 直观对比
营收规模更大
CSTE
是对方的1.3倍
$71.1M
净利率更高
RMAX
高出95.1%
-93.1%
自由现金流更多
RMAX
多$80.6M
$-47.1M
两年增速更快
RMAX
近两年复合增速
-57.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $94.4M | $71.1M |
| 净利润 | $-87.9M | $1.4M |
| 毛利率 | 15.5% | — |
| 营业利润率 | -87.2% | 13.1% |
| 净利率 | -93.1% | 2.0% |
| 营收同比 | — | -1.8% |
| 净利润同比 | — | -75.2% |
| 每股收益（稀释后） | $-2.55 | — |
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CSTERMAX
| Q4 25 | $94.4M | $71.1M | ||
| Q3 25 | $345.4M | $73.2M | ||
| Q2 25 | $237.7M | $72.8M | ||
| Q1 25 | — | $74.5M | ||
| Q4 24 | — | $72.5M | ||
| Q3 24 | $436.7M | $78.5M | ||
| Q2 24 | $294.3M | $78.5M | ||
| Q1 24 | $150.6M | $78.3M |
净利润CSTERMAX
| Q4 25 | $-87.9M | $1.4M | ||
| Q3 25 | $-18.5M | $4.0M | ||
| Q2 25 | $-14.3M | $4.7M | ||
| Q1 25 | — | $-2.0M | ||
| Q4 24 | — | $5.8M | ||
| Q3 24 | $-57.4M | $966.0K | ||
| Q2 24 | $-56.6M | $3.7M | ||
| Q1 24 | $-3.9M | $-3.4M |
毛利率CSTERMAX
| Q4 25 | 15.5% | — | ||
| Q3 25 | 22.5% | — | ||
| Q2 25 | 23.7% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 15.7% | — | ||
| Q2 24 | 14.1% | — | ||
| Q1 24 | 19.7% | — |
营业利润率CSTERMAX
| Q4 25 | -87.2% | 13.1% | ||
| Q3 25 | -5.5% | 25.0% | ||
| Q2 25 | -6.2% | 19.3% | ||
| Q1 25 | — | 7.2% | ||
| Q4 24 | — | 5.9% | ||
| Q3 24 | -12.6% | 19.4% | ||
| Q2 24 | -18.0% | 20.6% | ||
| Q1 24 | -3.9% | 5.8% |
净利率CSTERMAX
| Q4 25 | -93.1% | 2.0% | ||
| Q3 25 | -5.4% | 5.4% | ||
| Q2 25 | -6.0% | 6.4% | ||
| Q1 25 | — | -2.6% | ||
| Q4 24 | — | 8.0% | ||
| Q3 24 | -13.1% | 1.2% | ||
| Q2 24 | -19.2% | 4.7% | ||
| Q1 24 | -2.6% | -4.3% |
每股收益（稀释后）CSTERMAX
| Q4 25 | $-2.55 | — | ||
| Q3 25 | $-0.54 | — | ||
| Q2 25 | $-0.41 | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $-1.67 | — | ||
| Q2 24 | $-1.64 | — | ||
| Q1 24 | $-0.11 | — |
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 | $58.4M | $118.7M |
| 总债务越低越好 | — | $432.2M |
| 股东权益账面价值 | $139.2M | $452.4M |
| 总资产 | $398.4M | $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CSTERMAX
| Q4 25 | $58.4M | $118.7M | ||
| Q3 25 | — | $107.5M | ||
| Q2 25 | — | $94.3M | ||
| Q1 25 | — | $89.1M | ||
| Q4 24 | — | $96.6M | ||
| Q3 24 | — | $83.8M | ||
| Q2 24 | — | $66.1M | ||
| Q1 24 | — | $82.1M |
总债务CSTERMAX
| Q4 25 | — | $432.2M | ||
| Q3 25 | — | $433.3M | ||
| Q2 25 | — | $434.4M | ||
| Q1 25 | — | $435.3M | ||
| Q4 24 | — | $436.2M | ||
| Q3 24 | — | $437.2M | ||
| Q2 24 | — | $438.1M | ||
| Q1 24 | $-12.6M | $439.0M |
股东权益CSTERMAX
| Q4 25 | $139.2M | $452.4M | ||
| Q3 25 | $271.6M | $448.1M | ||
| Q2 25 | $271.6M | $442.4M | ||
| Q1 25 | — | $433.5M | ||
| Q4 24 | — | $429.5M | ||
| Q3 24 | $315.1M | $423.1M | ||
| Q2 24 | $315.1M | $418.4M | ||
| Q1 24 | $315.1M | $412.0M |
总资产CSTERMAX
| Q4 25 | $398.4M | $582.5M | ||
| Q3 25 | $549.0M | $582.2M | ||
| Q2 25 | $549.0M | $574.8M | ||
| Q1 25 | — | $571.4M | ||
| Q4 24 | — | $581.6M | ||
| Q3 24 | $579.9M | $578.6M | ||
| Q2 24 | $579.9M | $571.4M | ||
| Q1 24 | $579.9M | $566.7M |
负债/权益比CSTERMAX
| 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 | -0.04× | 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 | $-38.0M | $40.9M |
| 自由现金流经营现金流 - 资本支出 | $-47.1M | $33.5M |
| 自由现金流率自由现金流/营收 | -49.8% | 47.1% |
| 资本支出强度资本支出/营收 | 9.6% | 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 | $38.6M | $56.8M |
8季度趋势，按日历期对齐
经营现金流CSTERMAX
| Q4 25 | $-38.0M | $40.9M | ||
| Q3 25 | $35.0M | $17.7M | ||
| Q2 25 | $18.7M | $4.6M | ||
| Q1 25 | — | $5.7M | ||
| Q4 24 | — | $59.7M | ||
| Q3 24 | $53.3M | $17.6M | ||
| Q2 24 | $25.1M | $15.9M | ||
| Q1 24 | $7.9M | $9.4M |
自由现金流CSTERMAX
| Q4 25 | $-47.1M | $33.5M | ||
| Q3 25 | $26.7M | $16.4M | ||
| Q2 25 | $14.3M | $2.9M | ||
| Q1 25 | — | $4.0M | ||
| Q4 24 | — | $53.0M | ||
| Q3 24 | $44.6M | $16.3M | ||
| Q2 24 | $20.7M | $14.0M | ||
| Q1 24 | $5.0M | $6.8M |
自由现金流率CSTERMAX
| Q4 25 | -49.8% | 47.1% | ||
| Q3 25 | 7.7% | 22.4% | ||
| Q2 25 | 6.0% | 4.0% | ||
| Q1 25 | — | 5.3% | ||
| Q4 24 | — | 73.2% | ||
| Q3 24 | 10.2% | 20.8% | ||
| Q2 24 | 7.0% | 17.8% | ||
| Q1 24 | 3.3% | 8.6% |
资本支出强度CSTERMAX
| Q4 25 | 9.6% | 10.4% | ||
| Q3 25 | 2.4% | 1.8% | ||
| Q2 25 | 1.8% | 2.2% | ||
| Q1 25 | — | 2.3% | ||
| Q4 24 | — | 9.1% | ||
| Q3 24 | 2.0% | 1.7% | ||
| Q2 24 | 1.5% | 2.4% | ||
| Q1 24 | 1.9% | 3.3% |
现金转化率CSTERMAX
| 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
CSTE
| America's | $53.0M | 56% |
| USA | $41.4M | 44% |
RMAX
| Franchising Segment | $50.1M | 70% |
| Broker Fees | $13.9M | 20% |
| Annual Dues | $7.4M | 10% |
