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Elme Communities（ELME）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Elme Communities的1.1倍（$71.1M vs $62.1M），RE/MAX Holdings, Inc.净利率更高（2.0% vs -198.9%，领先200.9%），Elme Communities同比增速更快（1.7% vs -1.8%），RE/MAX Holdings, Inc.自由现金流更多（$33.5M vs $7.2M），过去两年Elme Communities的营收复合增速更高（2.7% vs -4.7%）
Elme Communities是一家总部位于美国的上市房地产投资信托，主要持有、运营及开发高品质多户住宅项目，业务覆盖美国大西洋中部及东南部核心增长市场，为不同租户群体提供可负担及中档住宅选择。
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。
ELME vs RMAX — 直观对比
营收规模更大
RMAX
是对方的1.1倍
$62.1M
营收增速更快
ELME
高出3.6%
-1.8%
净利率更高
RMAX
高出200.9%
-198.9%
自由现金流更多
RMAX
多$26.3M
$7.2M
两年增速更快
ELME
近两年复合增速
-4.7%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $62.1M | $71.1M |
| 净利润 | $-123.5M | $1.4M |
| 毛利率 | 61.1% | — |
| 营业利润率 | -183.3% | 13.1% |
| 净利率 | -198.9% | 2.0% |
| 营收同比 | 1.7% | -1.8% |
| 净利润同比 | -4058.7% | -75.2% |
| 每股收益（稀释后） | $-1.40 | — |
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ELMERMAX
| Q4 25 | — | $71.1M | ||
| Q3 25 | $62.1M | $73.2M | ||
| Q2 25 | $62.1M | $72.8M | ||
| Q1 25 | $61.5M | $74.5M | ||
| Q4 24 | $61.3M | $72.5M | ||
| Q3 24 | $61.1M | $78.5M | ||
| Q2 24 | $60.1M | $78.5M | ||
| Q1 24 | $59.5M | $78.3M |
净利润ELMERMAX
| Q4 25 | — | $1.4M | ||
| Q3 25 | $-123.5M | $4.0M | ||
| Q2 25 | $-3.6M | $4.7M | ||
| Q1 25 | $-4.7M | $-2.0M | ||
| Q4 24 | $-3.0M | $5.8M | ||
| Q3 24 | $-3.0M | $966.0K | ||
| Q2 24 | $-3.5M | $3.7M | ||
| Q1 24 | $-3.6M | $-3.4M |
毛利率ELMERMAX
| Q4 25 | — | — | ||
| Q3 25 | 61.1% | — | ||
| Q2 25 | 63.5% | — | ||
| Q1 25 | 64.2% | — | ||
| Q4 24 | 62.9% | — | ||
| Q3 24 | 63.5% | — | ||
| Q2 24 | 63.4% | — | ||
| Q1 24 | 63.5% | — |
营业利润率ELMERMAX
| Q4 25 | — | 13.1% | ||
| Q3 25 | -183.3% | 25.0% | ||
| Q2 25 | 9.6% | 19.3% | ||
| Q1 25 | 7.8% | 7.2% | ||
| Q4 24 | 10.4% | 5.9% | ||
| Q3 24 | 11.0% | 19.4% | ||
| Q2 24 | 9.8% | 20.6% | ||
| Q1 24 | 7.5% | 5.8% |
净利率ELMERMAX
| Q4 25 | — | 2.0% | ||
| Q3 25 | -198.9% | 5.4% | ||
| Q2 25 | -5.7% | 6.4% | ||
| Q1 25 | -7.6% | -2.6% | ||
| Q4 24 | -4.9% | 8.0% | ||
| Q3 24 | -4.9% | 1.2% | ||
| Q2 24 | -5.8% | 4.7% | ||
| Q1 24 | -6.1% | -4.3% |
每股收益（稀释后）ELMERMAX
| Q4 25 | — | — | ||
| Q3 25 | $-1.40 | — | ||
| Q2 25 | $-0.04 | — | ||
| Q1 25 | $-0.05 | — | ||
| Q4 24 | $-0.04 | — | ||
| Q3 24 | $-0.03 | — | ||
| Q2 24 | $-0.04 | — | ||
| Q1 24 | $-0.04 | — |
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 | $7.1M | $118.7M |
| 总债务越低越好 | — | $432.2M |
| 股东权益账面价值 | $908.9M | $452.4M |
| 总资产 | $1.7B | $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ELMERMAX
| Q4 25 | — | $118.7M | ||
| Q3 25 | $7.1M | $107.5M | ||
| Q2 25 | $4.8M | $94.3M | ||
| Q1 25 | $6.4M | $89.1M | ||
| Q4 24 | $6.1M | $96.6M | ||
| Q3 24 | $4.8M | $83.8M | ||
| Q2 24 | $5.6M | $66.1M | ||
| Q1 24 | $4.2M | $82.1M |
总债务ELMERMAX
| 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 | — | $439.0M |
股东权益ELMERMAX
| Q4 25 | — | $452.4M | ||
| Q3 25 | $908.9M | $448.1M | ||
| Q2 25 | $1.0B | $442.4M | ||
| Q1 25 | $1.1B | $433.5M | ||
| Q4 24 | $1.1B | $429.5M | ||
| Q3 24 | $1.1B | $423.1M | ||
| Q2 24 | $1.1B | $418.4M | ||
| Q1 24 | $1.1B | $412.0M |
总资产ELMERMAX
| Q4 25 | — | $582.5M | ||
| Q3 25 | $1.7B | $582.2M | ||
| Q2 25 | $1.8B | $574.8M | ||
| Q1 25 | $1.8B | $571.4M | ||
| Q4 24 | $1.8B | $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ELMERMAX
| 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 | $15.9M | $40.9M |
| 自由现金流经营现金流 - 资本支出 | $7.2M | $33.5M |
| 自由现金流率自由现金流/营收 | 11.6% | 47.1% |
| 资本支出强度资本支出/营收 | 14.0% | 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 | $86.7M | $56.8M |
8季度趋势，按日历期对齐
经营现金流ELMERMAX
| Q4 25 | — | $40.9M | ||
| Q3 25 | $15.9M | $17.7M | ||
| Q2 25 | $29.8M | $4.6M | ||
| Q1 25 | $16.2M | $5.7M | ||
| Q4 24 | $95.2M | $59.7M | ||
| Q3 24 | $20.7M | $17.6M | ||
| Q2 24 | $28.9M | $15.9M | ||
| Q1 24 | $21.2M | $9.4M |
自由现金流ELMERMAX
| Q4 25 | — | $33.5M | ||
| Q3 25 | $7.2M | $16.4M | ||
| Q2 25 | $21.1M | $2.9M | ||
| Q1 25 | $10.5M | $4.0M | ||
| Q4 24 | $47.9M | $53.0M | ||
| Q3 24 | $8.8M | $16.3M | ||
| Q2 24 | $21.0M | $14.0M | ||
| Q1 24 | $7.6M | $6.8M |
自由现金流率ELMERMAX
| Q4 25 | — | 47.1% | ||
| Q3 25 | 11.6% | 22.4% | ||
| Q2 25 | 34.1% | 4.0% | ||
| Q1 25 | 17.1% | 5.3% | ||
| Q4 24 | 78.1% | 73.2% | ||
| Q3 24 | 14.4% | 20.8% | ||
| Q2 24 | 34.9% | 17.8% | ||
| Q1 24 | 12.8% | 8.6% |
资本支出强度ELMERMAX
| Q4 25 | — | 10.4% | ||
| Q3 25 | 14.0% | 1.8% | ||
| Q2 25 | 14.0% | 2.2% | ||
| Q1 25 | 9.2% | 2.3% | ||
| Q4 24 | 77.4% | 9.1% | ||
| Q3 24 | 19.4% | 1.7% | ||
| Q2 24 | 13.1% | 2.4% | ||
| Q1 24 | 22.9% | 3.3% |
现金转化率ELMERMAX
| 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
ELME
| Residential Segment | $57.7M | 93% |
| Other | $4.4M | 7% |
RMAX
| Franchising Segment | $50.1M | 70% |
| Broker Fees | $13.9M | 20% |
| Annual Dues | $7.4M | 10% |
