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DENNY'S Corp（DENN）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
DENNY'S Corp的季度营收约是RE/MAX Holdings, Inc.的1.6倍（$113.2M vs $71.1M），RE/MAX Holdings, Inc.净利率更高（2.0% vs 0.6%，领先1.5%），DENNY'S Corp同比增速更快（1.3% vs -1.8%），RE/MAX Holdings, Inc.自由现金流更多（$33.5M vs $16.0M），过去两年DENNY'S Corp的营收复合增速更高（-0.9% vs -4.7%）
丹尼氏是源自美国的堂食美式连锁餐吧品牌，目前在全球多个国家和地区开展业务，仅在美国、加拿大、墨西哥、波多黎各等地就运营着超过1400家门店，主打轻松随性的美式正餐用餐体验。
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。
DENN vs RMAX — 直观对比
营收规模更大
DENN
是对方的1.6倍
$71.1M
营收增速更快
DENN
高出3.2%
-1.8%
净利率更高
RMAX
高出1.5%
0.6%
自由现金流更多
RMAX
多$17.6M
$16.0M
两年增速更快
DENN
近两年复合增速
-4.7%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $113.2M | $71.1M |
| 净利润 | $632.0K | $1.4M |
| 毛利率 | — | — |
| 营业利润率 | 9.2% | 13.1% |
| 净利率 | 0.6% | 2.0% |
| 营收同比 | 1.3% | -1.8% |
| 净利润同比 | -90.3% | -75.2% |
| 每股收益（稀释后） | $0.01 | — |
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DENNRMAX
| Q4 25 | — | $71.1M | ||
| Q3 25 | $113.2M | $73.2M | ||
| Q2 25 | $117.7M | $72.8M | ||
| Q1 25 | $111.6M | $74.5M | ||
| Q4 24 | $114.7M | $72.5M | ||
| Q3 24 | $111.8M | $78.5M | ||
| Q2 24 | $115.9M | $78.5M | ||
| Q1 24 | $110.0M | $78.3M |
净利润DENNRMAX
| Q4 25 | — | $1.4M | ||
| Q3 25 | $632.0K | $4.0M | ||
| Q2 25 | $2.5M | $4.7M | ||
| Q1 25 | $326.0K | $-2.0M | ||
| Q4 24 | $6.8M | $5.8M | ||
| Q3 24 | $6.5M | $966.0K | ||
| Q2 24 | $3.6M | $3.7M | ||
| Q1 24 | $4.7M | $-3.4M |
营业利润率DENNRMAX
| Q4 25 | — | 13.1% | ||
| Q3 25 | 9.2% | 25.0% | ||
| Q2 25 | 7.3% | 19.3% | ||
| Q1 25 | 4.7% | 7.2% | ||
| Q4 24 | 12.6% | 5.9% | ||
| Q3 24 | 10.5% | 19.4% | ||
| Q2 24 | 7.9% | 20.6% | ||
| Q1 24 | 9.1% | 5.8% |
净利率DENNRMAX
| Q4 25 | — | 2.0% | ||
| Q3 25 | 0.6% | 5.4% | ||
| Q2 25 | 2.1% | 6.4% | ||
| Q1 25 | 0.3% | -2.6% | ||
| Q4 24 | 5.9% | 8.0% | ||
| Q3 24 | 5.8% | 1.2% | ||
| Q2 24 | 3.1% | 4.7% | ||
| Q1 24 | 4.3% | -4.3% |
每股收益（稀释后）DENNRMAX
| Q4 25 | — | — | ||
| Q3 25 | $0.01 | — | ||
| Q2 25 | $0.05 | — | ||
| Q1 25 | $0.01 | — | ||
| Q4 24 | $0.13 | — | ||
| Q3 24 | $0.12 | — | ||
| Q2 24 | $0.07 | — | ||
| Q1 24 | $0.09 | — |
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 | — | $118.7M |
| 总债务越低越好 | — | $432.2M |
| 股东权益账面价值 | $-32.7M | $452.4M |
| 总资产 | $502.9M | $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DENNRMAX
| Q4 25 | — | $118.7M | ||
| Q3 25 | — | $107.5M | ||
| Q2 25 | — | $94.3M | ||
| Q1 25 | $1.1M | $89.1M | ||
| Q4 24 | $100.0K | $96.6M | ||
| Q3 24 | $2.9M | $83.8M | ||
| Q2 24 | $2.8M | $66.1M | ||
| Q1 24 | $2.8M | $82.1M |
总债务DENNRMAX
| Q4 25 | — | $432.2M | ||
| Q3 25 | — | $433.3M | ||
| Q2 25 | — | $434.4M | ||
| Q1 25 | — | $435.3M | ||
| Q4 24 | $270.6M | $436.2M | ||
| Q3 24 | — | $437.2M | ||
| Q2 24 | — | $438.1M | ||
| Q1 24 | — | $439.0M |
股东权益DENNRMAX
| Q4 25 | — | $452.4M | ||
| Q3 25 | $-32.7M | $448.1M | ||
| Q2 25 | $-34.6M | $442.4M | ||
| Q1 25 | $-36.4M | $433.5M | ||
| Q4 24 | $-34.0M | $429.5M | ||
| Q3 24 | $-54.5M | $423.1M | ||
| Q2 24 | $-53.2M | $418.4M | ||
| Q1 24 | $-55.7M | $412.0M |
总资产DENNRMAX
| Q4 25 | — | $582.5M | ||
| Q3 25 | $502.9M | $582.2M | ||
| Q2 25 | $491.1M | $574.8M | ||
| Q1 25 | $488.1M | $571.4M | ||
| Q4 24 | $496.3M | $581.6M | ||
| Q3 24 | $461.6M | $578.6M | ||
| Q2 24 | $459.9M | $571.4M | ||
| Q1 24 | $460.4M | $566.7M |
负债/权益比DENNRMAX
| 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 | — | 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 | $16.0M | $40.9M |
| 自由现金流经营现金流 - 资本支出 | $16.0M | $33.5M |
| 自由现金流率自由现金流/营收 | 14.1% | 47.1% |
| 资本支出强度资本支出/营收 | 0.0% | 10.4% |
| 现金转化率经营现金流/净利润 | 25.28× | 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DENNRMAX
| Q4 25 | — | $40.9M | ||
| Q3 25 | $16.0M | $17.7M | ||
| Q2 25 | $9.4M | $4.6M | ||
| Q1 25 | $5.0M | $5.7M | ||
| Q4 24 | $8.5M | $59.7M | ||
| Q3 24 | $6.6M | $17.6M | ||
| Q2 24 | $14.2M | $15.9M | ||
| Q1 24 | $215.0K | $9.4M |
自由现金流DENNRMAX
| Q4 25 | — | $33.5M | ||
| Q3 25 | $16.0M | $16.4M | ||
| Q2 25 | — | $2.9M | ||
| Q1 25 | — | $4.0M | ||
| Q4 24 | — | $53.0M | ||
| Q3 24 | — | $16.3M | ||
| Q2 24 | — | $14.0M | ||
| Q1 24 | — | $6.8M |
自由现金流率DENNRMAX
| Q4 25 | — | 47.1% | ||
| Q3 25 | 14.1% | 22.4% | ||
| Q2 25 | — | 4.0% | ||
| Q1 25 | — | 5.3% | ||
| Q4 24 | — | 73.2% | ||
| Q3 24 | — | 20.8% | ||
| Q2 24 | — | 17.8% | ||
| Q1 24 | — | 8.6% |
资本支出强度DENNRMAX
| Q4 25 | — | 10.4% | ||
| Q3 25 | 0.0% | 1.8% | ||
| Q2 25 | — | 2.2% | ||
| Q1 25 | — | 2.3% | ||
| Q4 24 | — | 9.1% | ||
| Q3 24 | 0.0% | 1.7% | ||
| Q2 24 | — | 2.4% | ||
| Q1 24 | — | 3.3% |
现金转化率DENNRMAX
| Q4 25 | — | 28.39× | ||
| Q3 25 | 25.28× | 4.45× | ||
| Q2 25 | 3.79× | 0.97× | ||
| Q1 25 | 15.38× | — | ||
| Q4 24 | 1.26× | 10.28× | ||
| Q3 24 | 1.01× | 18.22× | ||
| Q2 24 | 3.97× | 4.29× | ||
| Q1 24 | 0.05× | — |
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
DENN
| Franchisor Owned Outlet | $57.4M | 51% |
| Royalty | $27.7M | 25% |
| Advertising | $18.6M | 16% |
| Occupancy | $7.7M | 7% |
| Initial And Other Fees | $1.7M | 1% |
RMAX
| Franchising Segment | $50.1M | 70% |
| Broker Fees | $13.9M | 20% |
| Annual Dues | $7.4M | 10% |
