vs
Fluent, Inc.（FLNT）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Fluent, Inc.的1.2倍（$71.1M vs $61.8M），RE/MAX Holdings, Inc.净利率更高（2.0% vs -6.7%，领先8.7%），RE/MAX Holdings, Inc.同比增速更快（-1.8% vs -5.5%），过去两年Fluent, Inc.的营收复合增速更高（-3.2% vs -4.7%）
THG Fluently前身为Language Connect，是THG Ingenuity旗下的翻译与语言本地化服务品牌，可为客户提供笔译、口译、本地化、配音、转录以及多语种搜索引擎优化等一系列语言相关服务，满足全球客户不同场景的多元语言需求。
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。
FLNT vs RMAX — 直观对比
营收规模更大
RMAX
是对方的1.2倍
$61.8M
营收增速更快
RMAX
高出3.7%
-5.5%
净利率更高
RMAX
高出8.7%
-6.7%
两年增速更快
FLNT
近两年复合增速
-4.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $61.8M | $71.1M |
| 净利润 | $-4.1M | $1.4M |
| 毛利率 | — | — |
| 营业利润率 | 0.3% | 13.1% |
| 净利率 | -6.7% | 2.0% |
| 营收同比 | -5.5% | -1.8% |
| 净利润同比 | -20.1% | -75.2% |
| 每股收益（稀释后） | $-0.09 | — |
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FLNTRMAX
| Q4 25 | $61.8M | $71.1M | ||
| Q3 25 | $47.0M | $73.2M | ||
| Q2 25 | $44.7M | $72.8M | ||
| Q1 25 | $55.2M | $74.5M | ||
| Q4 24 | $65.4M | $72.5M | ||
| Q3 24 | $64.5M | $78.5M | ||
| Q2 24 | $58.7M | $78.5M | ||
| Q1 24 | $66.0M | $78.3M |
净利润FLNTRMAX
| Q4 25 | $-4.1M | $1.4M | ||
| Q3 25 | $-7.6M | $4.0M | ||
| Q2 25 | $-7.2M | $4.7M | ||
| Q1 25 | $-8.3M | $-2.0M | ||
| Q4 24 | $-3.4M | $5.8M | ||
| Q3 24 | $-7.9M | $966.0K | ||
| Q2 24 | $-11.6M | $3.7M | ||
| Q1 24 | $-6.3M | $-3.4M |
营业利润率FLNTRMAX
| Q4 25 | 0.3% | 13.1% | ||
| Q3 25 | -13.4% | 25.0% | ||
| Q2 25 | -15.9% | 19.3% | ||
| Q1 25 | -12.8% | 7.2% | ||
| Q4 24 | -8.3% | 5.9% | ||
| Q3 24 | -6.0% | 19.4% | ||
| Q2 24 | -17.7% | 20.6% | ||
| Q1 24 | -6.0% | 5.8% |
净利率FLNTRMAX
| Q4 25 | -6.7% | 2.0% | ||
| Q3 25 | -16.1% | 5.4% | ||
| Q2 25 | -16.2% | 6.4% | ||
| Q1 25 | -15.0% | -2.6% | ||
| Q4 24 | -5.2% | 8.0% | ||
| Q3 24 | -12.3% | 1.2% | ||
| Q2 24 | -19.8% | 4.7% | ||
| Q1 24 | -9.5% | -4.3% |
每股收益（稀释后）FLNTRMAX
| Q4 25 | $-0.09 | — | ||
| Q3 25 | $-0.27 | — | ||
| Q2 25 | $-0.30 | — | ||
| Q1 25 | $-0.39 | — | ||
| Q4 24 | $-0.12 | — | ||
| Q3 24 | $-0.48 | — | ||
| Q2 24 | $-0.75 | — | ||
| Q1 24 | $-0.45 | — |
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 | $12.9M | $118.7M |
| 总债务越低越好 | $34.6M | $432.2M |
| 股东权益账面价值 | $18.2M | $452.4M |
| 总资产 | $89.1M | $582.5M |
| 负债/权益比越低杠杆越低 | 1.90× | 0.96× |
8季度趋势，按日历期对齐
现金及短期投资FLNTRMAX
| Q4 25 | $12.9M | $118.7M | ||
| Q3 25 | $9.2M | $107.5M | ||
| Q2 25 | $4.9M | $94.3M | ||
| Q1 25 | $4.8M | $89.1M | ||
| Q4 24 | $9.4M | $96.6M | ||
| Q3 24 | $6.6M | $83.8M | ||
| Q2 24 | $5.0M | $66.1M | ||
| Q1 24 | $11.7M | $82.1M |
总债务FLNTRMAX
| Q4 25 | $34.6M | $432.2M | ||
| Q3 25 | $26.0M | $433.3M | ||
| Q2 25 | $23.2M | $434.4M | ||
| Q1 25 | $25.6M | $435.3M | ||
| Q4 24 | $35.6M | $436.2M | ||
| Q3 24 | $37.9M | $437.2M | ||
| Q2 24 | $33.3M | $438.1M | ||
| Q1 24 | $31.0M | $439.0M |
股东权益FLNTRMAX
| Q4 25 | $18.2M | $452.4M | ||
| Q3 25 | $21.6M | $448.1M | ||
| Q2 25 | $19.1M | $442.4M | ||
| Q1 25 | $22.0M | $433.5M | ||
| Q4 24 | $25.0M | $429.5M | ||
| Q3 24 | $20.0M | $423.1M | ||
| Q2 24 | $27.5M | $418.4M | ||
| Q1 24 | $28.7M | $412.0M |
总资产FLNTRMAX
| Q4 25 | $89.1M | $582.5M | ||
| Q3 25 | $76.1M | $582.2M | ||
| Q2 25 | $74.5M | $574.8M | ||
| Q1 25 | $77.5M | $571.4M | ||
| Q4 24 | $93.6M | $581.6M | ||
| Q3 24 | $77.5M | $578.6M | ||
| Q2 24 | $98.5M | $571.4M | ||
| Q1 24 | $103.6M | $566.7M |
负债/权益比FLNTRMAX
| Q4 25 | 1.90× | 0.96× | ||
| Q3 25 | 1.21× | 0.97× | ||
| Q2 25 | 1.21× | 0.98× | ||
| Q1 25 | 1.16× | 1.00× | ||
| Q4 24 | 1.43× | 1.02× | ||
| Q3 24 | 1.90× | 1.03× | ||
| Q2 24 | 1.21× | 1.05× | ||
| Q1 24 | 1.08× | 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 | $2.8M | $40.9M |
| 自由现金流经营现金流 - 资本支出 | — | $33.5M |
| 自由现金流率自由现金流/营收 | — | 47.1% |
| 资本支出强度资本支出/营收 | — | 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FLNTRMAX
| Q4 25 | $2.8M | $40.9M | ||
| Q3 25 | $-7.3M | $17.7M | ||
| Q2 25 | $935.0K | $4.6M | ||
| Q1 25 | $2.1M | $5.7M | ||
| Q4 24 | $-2.1M | $59.7M | ||
| Q3 24 | $1.2M | $17.6M | ||
| Q2 24 | $-13.1M | $15.9M | ||
| Q1 24 | $-132.0K | $9.4M |
自由现金流FLNTRMAX
| Q4 25 | — | $33.5M | ||
| Q3 25 | $-7.3M | $16.4M | ||
| Q2 25 | — | $2.9M | ||
| Q1 25 | — | $4.0M | ||
| Q4 24 | — | $53.0M | ||
| Q3 24 | $1.2M | $16.3M | ||
| Q2 24 | — | $14.0M | ||
| Q1 24 | — | $6.8M |
自由现金流率FLNTRMAX
| Q4 25 | — | 47.1% | ||
| Q3 25 | -15.6% | 22.4% | ||
| Q2 25 | — | 4.0% | ||
| Q1 25 | — | 5.3% | ||
| Q4 24 | — | 73.2% | ||
| Q3 24 | 1.9% | 20.8% | ||
| Q2 24 | — | 17.8% | ||
| Q1 24 | — | 8.6% |
资本支出强度FLNTRMAX
| 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FLNTRMAX
| 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
FLNT
| Commerce Media Solutions | $34.7M | 56% |
| Owned And Operated | $21.3M | 34% |
| Call Solutions | $3.8M | 6% |
| Ad Parlor | $2.0M | 3% |
RMAX
| Franchising Segment | $50.1M | 70% |
| Broker Fees | $13.9M | 20% |
| Annual Dues | $7.4M | 10% |
