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Douglas Elliman Inc.（DOUG）与Fathom Holdings Inc.（FTHM）财务数据对比。点击上方公司名可切换其他公司
Douglas Elliman Inc.的季度营收约是Fathom Holdings Inc.的2.7倍（$245.4M vs $90.6M）。Douglas Elliman Inc.净利率更高（27.9% vs -7.4%，领先35.3%）。Douglas Elliman Inc.同比增速更快（0.9% vs -1.2%）。Fathom Holdings Inc.自由现金流更多（$-11.9M vs $-14.7M）。过去两年Fathom Holdings Inc.的营收复合增速更高（13.4% vs 10.7%）
Douglas Elliman Inc.是美国领先的住宅房地产经纪企业，提供高端房产买卖、租赁、物业管理及相关咨询服务，核心业务覆盖纽约、加州、佛罗里达、得克萨斯等都会区，主要服务高净值客户群体。
Fathom Holdings Inc.是一家总部位于美国的房地产科技与服务企业，为房产经纪人、经纪机构和消费者提供数字交易管理、按揭服务、产权保险、住宅经纪等一站式解决方案，业务覆盖美国大部分区域市场。
DOUG vs FTHM — 直观对比
营收规模更大
DOUG
是对方的2.7倍
$90.6M
营收增速更快
DOUG
高出2.1%
-1.2%
净利率更高
DOUG
高出35.3%
-7.4%
自由现金流更多
FTHM
多$2.7M
$-14.7M
两年增速更快
FTHM
近两年复合增速
10.7%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $245.4M | $90.6M |
| 净利润 | $68.6M | $-6.7M |
| 毛利率 | — | — |
| 营业利润率 | 27.3% | -5.2% |
| 净利率 | 27.9% | -7.4% |
| 营收同比 | 0.9% | -1.2% |
| 净利润同比 | 1243.4% | -7.7% |
| 每股收益（稀释后） | $0.80 | $-0.20 |
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DOUGFTHM
| Q4 25 | $245.4M | $90.6M | ||
| Q3 25 | $262.8M | $115.3M | ||
| Q2 25 | $271.4M | $121.4M | ||
| Q1 25 | $253.4M | $93.1M | ||
| Q4 24 | $243.3M | $91.7M | ||
| Q3 24 | $266.3M | $83.7M | ||
| Q2 24 | $285.8M | $89.2M | ||
| Q1 24 | $200.2M | $70.5M |
净利润DOUGFTHM
| Q4 25 | $68.6M | $-6.7M | ||
| Q3 25 | $-24.7M | $-4.4M | ||
| Q2 25 | $-22.7M | $-3.6M | ||
| Q1 25 | $-6.0M | $-5.6M | ||
| Q4 24 | $-6.0M | $-6.2M | ||
| Q3 24 | $-27.2M | $-8.1M | ||
| Q2 24 | $-1.7M | $-1.3M | ||
| Q1 24 | $-41.5M | $-5.9M |
营业利润率DOUGFTHM
| Q4 25 | 27.3% | -5.2% | ||
| Q3 25 | -4.1% | -3.5% | ||
| Q2 25 | -2.0% | -2.0% | ||
| Q1 25 | -2.1% | -4.8% | ||
| Q4 24 | -6.7% | -7.0% | ||
| Q3 24 | -2.8% | -9.3% | ||
| Q2 24 | -1.3% | -4.1% | ||
| Q1 24 | -20.7% | -8.0% |
净利率DOUGFTHM
| Q4 25 | 27.9% | -7.4% | ||
| Q3 25 | -9.4% | -3.8% | ||
| Q2 25 | -8.4% | -3.0% | ||
| Q1 25 | -2.4% | -6.1% | ||
| Q4 24 | -2.5% | -6.8% | ||
| Q3 24 | -10.2% | -9.7% | ||
| Q2 24 | -0.6% | -1.5% | ||
| Q1 24 | -20.7% | -8.4% |
每股收益（稀释后）DOUGFTHM
| Q4 25 | $0.80 | $-0.20 | ||
| Q3 25 | $-0.29 | $-0.15 | ||
| Q2 25 | $-0.27 | $-0.13 | ||
| Q1 25 | $-0.07 | $-0.24 | ||
| Q4 24 | $-0.06 | $-0.29 | ||
| Q3 24 | $-0.33 | $-0.40 | ||
| Q2 24 | $-0.02 | $-0.07 | ||
| Q1 24 | $-0.50 | $-0.31 |
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 | $115.5M | $5.8M |
| 总债务越低越好 | — | $5.6M |
| 股东权益账面价值 | $183.9M | $37.4M |
| 总资产 | $444.4M | $78.0M |
| 负债/权益比越低杠杆越低 | — | 0.15× |
8季度趋势，按日历期对齐
现金及短期投资DOUGFTHM
| Q4 25 | $115.5M | $5.8M | ||
| Q3 25 | $143.0M | $9.8M | ||
| Q2 25 | $136.3M | $4.9M | ||
| Q1 25 | $136.8M | $8.0M | ||
| Q4 24 | $145.5M | $7.1M | ||
| Q3 24 | $151.4M | $13.1M | ||
| Q2 24 | $92.9M | $10.4M | ||
| Q1 24 | $91.5M | $5.7M |
总债务DOUGFTHM
| Q4 25 | — | $5.6M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $9.5M | ||
| Q3 24 | — | $8.8M | ||
| Q2 24 | — | $3.6M | ||
| Q1 24 | — | $3.7M |
股东权益DOUGFTHM
| Q4 25 | $183.9M | $37.4M | ||
| Q3 25 | $115.1M | $43.4M | ||
| Q2 25 | $137.6M | $40.7M | ||
| Q1 25 | $158.2M | $43.4M | ||
| Q4 24 | $162.2M | $44.7M | ||
| Q3 24 | $173.6M | $47.1M | ||
| Q2 24 | $196.9M | $53.1M | ||
| Q1 24 | $195.1M | $51.9M |
总资产DOUGFTHM
| Q4 25 | $444.4M | $78.0M | ||
| Q3 25 | $480.6M | $83.2M | ||
| Q2 25 | $489.0M | $80.4M | ||
| Q1 25 | $493.9M | $81.0M | ||
| Q4 24 | $493.9M | $75.4M | ||
| Q3 24 | $502.7M | $80.9M | ||
| Q2 24 | $463.9M | $80.2M | ||
| Q1 24 | $461.1M | $78.2M |
负债/权益比DOUGFTHM
| Q4 25 | — | 0.15× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.21× | ||
| Q3 24 | — | 0.19× | ||
| Q2 24 | — | 0.07× | ||
| Q1 24 | — | 0.07× |
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 | $-14.4M | $-11.9M |
| 自由现金流经营现金流 - 资本支出 | $-14.7M | $-11.9M |
| 自由现金流率自由现金流/营收 | -6.0% | -13.2% |
| 资本支出强度资本支出/营收 | 0.1% | 0.0% |
| 现金转化率经营现金流/净利润 | -0.21× | — |
| 过去12个月自由现金流最近4个季度 | $-17.2M | $-20.7M |
8季度趋势，按日历期对齐
经营现金流DOUGFTHM
| Q4 25 | $-14.4M | $-11.9M | ||
| Q3 25 | $5.5M | $3.0M | ||
| Q2 25 | $642.0K | $-5.9M | ||
| Q1 25 | $-5.6M | $-5.7M | ||
| Q4 24 | $-9.0M | $-317.0K | ||
| Q3 24 | $9.0M | $-330.0K | ||
| Q2 24 | $1.3M | $-3.1M | ||
| Q1 24 | $-27.3M | $-947.0K |
自由现金流DOUGFTHM
| Q4 25 | $-14.7M | $-11.9M | ||
| Q3 25 | $4.7M | $3.0M | ||
| Q2 25 | $-575.0K | $-6.0M | ||
| Q1 25 | $-6.7M | $-5.8M | ||
| Q4 24 | $-10.2M | $-322.0K | ||
| Q3 24 | $7.7M | $-364.0K | ||
| Q2 24 | $432.0K | $-3.1M | ||
| Q1 24 | $-29.4M | $-948.0K |
自由现金流率DOUGFTHM
| Q4 25 | -6.0% | -13.2% | ||
| Q3 25 | 1.8% | 2.6% | ||
| Q2 25 | -0.2% | -4.9% | ||
| Q1 25 | -2.6% | -6.2% | ||
| Q4 24 | -4.2% | -0.4% | ||
| Q3 24 | 2.9% | -0.4% | ||
| Q2 24 | 0.2% | -3.5% | ||
| Q1 24 | -14.7% | -1.3% |
资本支出强度DOUGFTHM
| Q4 25 | 0.1% | 0.0% | ||
| Q3 25 | 0.3% | 0.0% | ||
| Q2 25 | 0.4% | 0.0% | ||
| Q1 25 | 0.4% | 0.0% | ||
| Q4 24 | 0.5% | 0.0% | ||
| Q3 24 | 0.5% | 0.0% | ||
| Q2 24 | 0.3% | 0.0% | ||
| Q1 24 | 1.0% | 0.0% |
现金转化率DOUGFTHM
| Q4 25 | -0.21× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| 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
DOUG
| Commissions And Other Brokerage Income | $240.3M | 98% |
| Property Management Income | $2.8M | 1% |
| Property Management | $2.2M | 1% |
FTHM
| Real Estate Brokerage | $84.9M | 94% |
| Mortgage Segment | $3.4M | 4% |
| Other | $2.3M | 3% |
