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FARMER BROTHERS CO（FARM）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
FARMER BROTHERS CO的季度营收约是RE/MAX Holdings, Inc.的1.3倍（$88.9M vs $71.1M），RE/MAX Holdings, Inc.净利率更高（2.0% vs -5.5%，领先7.5%），FARMER BROTHERS CO同比增速更快（-1.2% vs -1.8%），RE/MAX Holdings, Inc.自由现金流更多（$33.5M vs $-2.6M），过去两年FARMER BROTHERS CO的营收复合增速更高（2.1% vs -4.7%）
Farmer Bros. Co.是一家总部位于美国得克萨斯州沃斯堡的餐饮服务企业，主打咖啡与茶类产品的生产分销，同时还供应约300种餐厅及其他经营场所所需的餐饮配套用品，目前由约翰·摩尔担任公司首席执行官兼总裁。
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。
FARM vs RMAX — 直观对比
营收规模更大
FARM
是对方的1.3倍
$71.1M
营收增速更快
FARM
高出0.6%
-1.8%
净利率更高
RMAX
高出7.5%
-5.5%
自由现金流更多
RMAX
多$36.1M
$-2.6M
两年增速更快
FARM
近两年复合增速
-4.7%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $88.9M | $71.1M |
| 净利润 | $-4.9M | $1.4M |
| 毛利率 | 36.3% | — |
| 营业利润率 | -4.7% | 13.1% |
| 净利率 | -5.5% | 2.0% |
| 营收同比 | -1.2% | -1.8% |
| 净利润同比 | -2417.1% | -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FARMRMAX
| Q4 25 | $88.9M | $71.1M | ||
| Q3 25 | $81.6M | $73.2M | ||
| Q2 25 | $85.1M | $72.8M | ||
| Q1 25 | $82.1M | $74.5M | ||
| Q4 24 | $90.0M | $72.5M | ||
| Q3 24 | $85.1M | $78.5M | ||
| Q2 24 | $84.4M | $78.5M | ||
| Q1 24 | $85.4M | $78.3M |
净利润FARMRMAX
| Q4 25 | $-4.9M | $1.4M | ||
| Q3 25 | $-4.0M | $4.0M | ||
| Q2 25 | $-4.7M | $4.7M | ||
| Q1 25 | $-5.0M | $-2.0M | ||
| Q4 24 | $210.0K | $5.8M | ||
| Q3 24 | $-5.0M | $966.0K | ||
| Q2 24 | $-4.6M | $3.7M | ||
| Q1 24 | $-682.0K | $-3.4M |
毛利率FARMRMAX
| Q4 25 | 36.3% | — | ||
| Q3 25 | 39.7% | — | ||
| Q2 25 | 44.9% | — | ||
| Q1 25 | 42.1% | — | ||
| Q4 24 | 43.1% | — | ||
| Q3 24 | 43.9% | — | ||
| Q2 24 | 38.8% | — | ||
| Q1 24 | 40.1% | — |
营业利润率FARMRMAX
| Q4 25 | -4.7% | 13.1% | ||
| Q3 25 | -3.9% | 25.0% | ||
| Q2 25 | 4.6% | 19.3% | ||
| Q1 25 | -4.3% | 7.2% | ||
| Q4 24 | 1.1% | 5.9% | ||
| Q3 24 | -3.3% | 19.4% | ||
| Q2 24 | -4.9% | 20.6% | ||
| Q1 24 | -0.5% | 5.8% |
净利率FARMRMAX
| Q4 25 | -5.5% | 2.0% | ||
| Q3 25 | -4.9% | 5.4% | ||
| Q2 25 | -5.6% | 6.4% | ||
| Q1 25 | -6.1% | -2.6% | ||
| Q4 24 | 0.2% | 8.0% | ||
| Q3 24 | -5.9% | 1.2% | ||
| Q2 24 | -5.4% | 4.7% | ||
| Q1 24 | -0.8% | -4.3% |
每股收益（稀释后）FARMRMAX
| Q4 25 | $-0.22 | — | ||
| Q3 25 | $-0.19 | — | ||
| Q2 25 | $-0.22 | — | ||
| Q1 25 | $-0.23 | — | ||
| Q4 24 | $0.01 | — | ||
| Q3 24 | $-0.24 | — | ||
| Q2 24 | $-0.23 | — | ||
| Q1 24 | $-0.03 | — |
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 | $4.2M | $118.7M |
| 总债务越低越好 | — | $432.2M |
| 股东权益账面价值 | $35.7M | $452.4M |
| 总资产 | $151.4M | $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FARMRMAX
| Q4 25 | $4.2M | $118.7M | ||
| Q3 25 | $3.8M | $107.5M | ||
| Q2 25 | $6.8M | $94.3M | ||
| Q1 25 | $4.1M | $89.1M | ||
| Q4 24 | $5.5M | $96.6M | ||
| Q3 24 | $3.3M | $83.8M | ||
| Q2 24 | $5.8M | $66.1M | ||
| Q1 24 | $5.5M | $82.1M |
总债务FARMRMAX
| 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FARMRMAX
| Q4 25 | $35.7M | $452.4M | ||
| Q3 25 | $40.0M | $448.1M | ||
| Q2 25 | $43.5M | $442.4M | ||
| Q1 25 | $37.3M | $433.5M | ||
| Q4 24 | $41.5M | $429.5M | ||
| Q3 24 | $40.9M | $423.1M | ||
| Q2 24 | $45.5M | $418.4M | ||
| Q1 24 | $43.1M | $412.0M |
总资产FARMRMAX
| Q4 25 | $151.4M | $582.5M | ||
| Q3 25 | $158.8M | $582.2M | ||
| Q2 25 | $161.2M | $574.8M | ||
| Q1 25 | $163.2M | $571.4M | ||
| Q4 24 | $179.1M | $581.6M | ||
| Q3 24 | $182.0M | $578.6M | ||
| Q2 24 | $185.2M | $571.4M | ||
| Q1 24 | $179.1M | $566.7M |
负债/权益比FARMRMAX
| 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 | $-786.0K | $40.9M |
| 自由现金流经营现金流 - 资本支出 | $-2.6M | $33.5M |
| 自由现金流率自由现金流/营收 | -2.9% | 47.1% |
| 资本支出强度资本支出/营收 | 2.1% | 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 | — | $56.8M |
8季度趋势，按日历期对齐
经营现金流FARMRMAX
| Q4 25 | $-786.0K | $40.9M | ||
| Q3 25 | $-5.0M | $17.7M | ||
| Q2 25 | $9.7M | $4.6M | ||
| Q1 25 | $1.3M | $5.7M | ||
| Q4 24 | $2.6M | $59.7M | ||
| Q3 24 | $2.5M | $17.6M | ||
| Q2 24 | $-995.0K | $15.9M | ||
| Q1 24 | $-2.3M | $9.4M |
自由现金流FARMRMAX
| Q4 25 | $-2.6M | $33.5M | ||
| Q3 25 | $-6.9M | $16.4M | ||
| Q2 25 | — | $2.9M | ||
| Q1 25 | $-684.0K | $4.0M | ||
| Q4 24 | $521.0K | $53.0M | ||
| Q3 24 | $-837.0K | $16.3M | ||
| Q2 24 | — | $14.0M | ||
| Q1 24 | $-5.7M | $6.8M |
自由现金流率FARMRMAX
| Q4 25 | -2.9% | 47.1% | ||
| Q3 25 | -8.5% | 22.4% | ||
| Q2 25 | — | 4.0% | ||
| Q1 25 | -0.8% | 5.3% | ||
| Q4 24 | 0.6% | 73.2% | ||
| Q3 24 | -1.0% | 20.8% | ||
| Q2 24 | — | 17.8% | ||
| Q1 24 | -6.7% | 8.6% |
资本支出强度FARMRMAX
| Q4 25 | 2.1% | 10.4% | ||
| Q3 25 | 2.4% | 1.8% | ||
| Q2 25 | — | 2.2% | ||
| Q1 25 | 2.4% | 2.3% | ||
| Q4 24 | 2.3% | 9.1% | ||
| Q3 24 | 3.9% | 1.7% | ||
| Q2 24 | — | 2.4% | ||
| Q1 24 | 4.0% | 3.3% |
现金转化率FARMRMAX
| Q4 25 | — | 28.39× | ||
| Q3 25 | — | 4.45× | ||
| Q2 25 | — | 0.97× | ||
| Q1 25 | — | — | ||
| Q4 24 | 12.16× | 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
FARM
| Coffee Roasted | $45.5M | 51% |
| Tea Iced Hot | $23.3M | 26% |
| Culinary | $14.1M | 16% |
| Spice | $4.9M | 5% |
| Fuel Surcharge | $1.2M | 1% |
RMAX
| Franchising Segment | $50.1M | 70% |
| Broker Fees | $13.9M | 20% |
| Annual Dues | $7.4M | 10% |
