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Envela Corp（ELA）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
Envela Corp的季度营收约是RE/MAX Holdings, Inc.的1.1倍（$80.5M vs $71.1M），Envela Corp净利率更高（7.4% vs 2.0%，领先5.4%），Envela Corp同比增速更快（66.6% vs -1.8%），RE/MAX Holdings, Inc.自由现金流更多（$33.5M vs $-3.7M），过去两年Envela Corp的营收复合增速更高（42.1% vs -4.7%）
Envela Corp是一家总部位于美国的企业，核心开展再流通业务，致力于延长产品生命周期、减少资源消耗。公司业务主要分为两大板块，分别面向个人消费者端与企业商业端，通过盘活二手资源实现可持续的商业价值。
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。
ELA vs RMAX — 直观对比
营收规模更大
ELA
是对方的1.1倍
$71.1M
营收增速更快
ELA
高出68.4%
-1.8%
净利率更高
ELA
高出5.4%
2.0%
自由现金流更多
RMAX
多$37.2M
$-3.7M
两年增速更快
ELA
近两年复合增速
-4.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $80.5M | $71.1M |
| 净利润 | $6.0M | $1.4M |
| 毛利率 | 20.5% | — |
| 营业利润率 | 9.4% | 13.1% |
| 净利率 | 7.4% | 2.0% |
| 营收同比 | 66.6% | -1.8% |
| 净利润同比 | 274.6% | -75.2% |
| 每股收益（稀释后） | $0.22 | — |
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ELARMAX
| Q4 25 | $80.5M | $71.1M | ||
| Q3 25 | $57.4M | $73.2M | ||
| Q2 25 | $54.9M | $72.8M | ||
| Q1 25 | $48.3M | $74.5M | ||
| Q4 24 | $48.3M | $72.5M | ||
| Q3 24 | $46.9M | $78.5M | ||
| Q2 24 | $45.3M | $78.5M | ||
| Q1 24 | $39.9M | $78.3M |
净利润ELARMAX
| Q4 25 | $6.0M | $1.4M | ||
| Q3 25 | $3.4M | $4.0M | ||
| Q2 25 | $2.8M | $4.7M | ||
| Q1 25 | $2.5M | $-2.0M | ||
| Q4 24 | $1.6M | $5.8M | ||
| Q3 24 | $1.7M | $966.0K | ||
| Q2 24 | $1.6M | $3.7M | ||
| Q1 24 | $1.9M | $-3.4M |
毛利率ELARMAX
| Q4 25 | 20.5% | — | ||
| Q3 25 | 22.8% | — | ||
| Q2 25 | 22.6% | — | ||
| Q1 25 | 24.8% | — | ||
| Q4 24 | 23.1% | — | ||
| Q3 24 | 24.4% | — | ||
| Q2 24 | 25.1% | — | ||
| Q1 24 | 25.9% | — |
营业利润率ELARMAX
| Q4 25 | 9.4% | 13.1% | ||
| Q3 25 | 7.3% | 25.0% | ||
| Q2 25 | 5.9% | 19.3% | ||
| Q1 25 | 6.5% | 7.2% | ||
| Q4 24 | 3.9% | 5.9% | ||
| Q3 24 | 4.3% | 19.4% | ||
| Q2 24 | 4.2% | 20.6% | ||
| Q1 24 | 5.9% | 5.8% |
净利率ELARMAX
| Q4 25 | 7.4% | 2.0% | ||
| Q3 25 | 5.8% | 5.4% | ||
| Q2 25 | 5.0% | 6.4% | ||
| Q1 25 | 5.2% | -2.6% | ||
| Q4 24 | 3.3% | 8.0% | ||
| Q3 24 | 3.6% | 1.2% | ||
| Q2 24 | 3.5% | 4.7% | ||
| Q1 24 | 4.8% | -4.3% |
每股收益（稀释后）ELARMAX
| Q4 25 | $0.22 | — | ||
| Q3 25 | $0.13 | — | ||
| Q2 25 | $0.11 | — | ||
| Q1 25 | $0.10 | — | ||
| Q4 24 | $0.07 | — | ||
| Q3 24 | $0.06 | — | ||
| Q2 24 | $0.06 | — | ||
| Q1 24 | $0.07 | — |
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 | $9.9M | $432.2M |
| 股东权益账面价值 | $67.1M | $452.4M |
| 总资产 | $96.0M | $582.5M |
| 负债/权益比越低杠杆越低 | 0.15× | 0.96× |
8季度趋势，按日历期对齐
现金及短期投资ELARMAX
| Q4 25 | — | $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 | $19.8M | $82.1M |
总债务ELARMAX
| Q4 25 | $9.9M | $432.2M | ||
| Q3 25 | $12.5M | $433.3M | ||
| Q2 25 | $13.0M | $434.4M | ||
| Q1 25 | $13.2M | $435.3M | ||
| Q4 24 | $13.5M | $436.2M | ||
| Q3 24 | $13.8M | $437.2M | ||
| Q2 24 | $14.3M | $438.1M | ||
| Q1 24 | $14.6M | $439.0M |
股东权益ELARMAX
| Q4 25 | $67.1M | $452.4M | ||
| Q3 25 | $61.1M | $448.1M | ||
| Q2 25 | $57.8M | $442.4M | ||
| Q1 25 | $55.1M | $433.5M | ||
| Q4 24 | $52.7M | $429.5M | ||
| Q3 24 | $51.1M | $423.1M | ||
| Q2 24 | $50.2M | $418.4M | ||
| Q1 24 | $49.3M | $412.0M |
总资产ELARMAX
| Q4 25 | $96.0M | $582.5M | ||
| Q3 25 | $90.9M | $582.2M | ||
| Q2 25 | $82.7M | $574.8M | ||
| Q1 25 | $79.7M | $571.4M | ||
| Q4 24 | $77.9M | $581.6M | ||
| Q3 24 | $77.4M | $578.6M | ||
| Q2 24 | $73.8M | $571.4M | ||
| Q1 24 | $74.7M | $566.7M |
负债/权益比ELARMAX
| Q4 25 | 0.15× | 0.96× | ||
| Q3 25 | 0.20× | 0.97× | ||
| Q2 25 | 0.23× | 0.98× | ||
| Q1 25 | 0.24× | 1.00× | ||
| Q4 24 | 0.26× | 1.02× | ||
| Q3 24 | 0.27× | 1.03× | ||
| Q2 24 | 0.29× | 1.05× | ||
| Q1 24 | 0.30× | 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 | $-3.5M | $40.9M |
| 自由现金流经营现金流 - 资本支出 | $-3.7M | $33.5M |
| 自由现金流率自由现金流/营收 | -4.6% | 47.1% |
| 资本支出强度资本支出/营收 | 0.2% | 10.4% |
| 现金转化率经营现金流/净利润 | -0.59× | 28.39× |
| 过去12个月自由现金流最近4个季度 | $1.4M | $56.8M |
8季度趋势，按日历期对齐
经营现金流ELARMAX
| Q4 25 | $-3.5M | $40.9M | ||
| Q3 25 | $2.4M | $17.7M | ||
| Q2 25 | $2.6M | $4.6M | ||
| Q1 25 | $1.1M | $5.7M | ||
| Q4 24 | $3.7M | $59.7M | ||
| Q3 24 | $3.4M | $17.6M | ||
| Q2 24 | $-789.5K | $15.9M | ||
| Q1 24 | $3.8M | $9.4M |
自由现金流ELARMAX
| Q4 25 | $-3.7M | $33.5M | ||
| Q3 25 | $2.2M | $16.4M | ||
| Q2 25 | $2.1M | $2.9M | ||
| Q1 25 | $746.6K | $4.0M | ||
| Q4 24 | $3.2M | $53.0M | ||
| Q3 24 | $1.5M | $16.3M | ||
| Q2 24 | $-1.3M | $14.0M | ||
| Q1 24 | $3.3M | $6.8M |
自由现金流率ELARMAX
| Q4 25 | -4.6% | 47.1% | ||
| Q3 25 | 3.8% | 22.4% | ||
| Q2 25 | 3.9% | 4.0% | ||
| Q1 25 | 1.5% | 5.3% | ||
| Q4 24 | 6.7% | 73.2% | ||
| Q3 24 | 3.1% | 20.8% | ||
| Q2 24 | -2.9% | 17.8% | ||
| Q1 24 | 8.4% | 8.6% |
资本支出强度ELARMAX
| Q4 25 | 0.2% | 10.4% | ||
| Q3 25 | 0.4% | 1.8% | ||
| Q2 25 | 0.8% | 2.2% | ||
| Q1 25 | 0.8% | 2.3% | ||
| Q4 24 | 1.0% | 9.1% | ||
| Q3 24 | 4.2% | 1.7% | ||
| Q2 24 | 1.1% | 2.4% | ||
| Q1 24 | 1.1% | 3.3% |
现金转化率ELARMAX
| Q4 25 | -0.59× | 28.39× | ||
| Q3 25 | 0.72× | 4.45× | ||
| Q2 25 | 0.94× | 0.97× | ||
| Q1 25 | 0.45× | — | ||
| Q4 24 | 2.34× | 10.28× | ||
| Q3 24 | 2.05× | 18.22× | ||
| Q2 24 | -0.50× | 4.29× | ||
| Q1 24 | 1.99× | — |
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
ELA
| Consumer Segment | $67.7M | 84% |
| Commercial Segment | $12.8M | 16% |
RMAX
| Franchising Segment | $50.1M | 70% |
| Broker Fees | $13.9M | 20% |
| Annual Dues | $7.4M | 10% |
