vs
Flowco Holdings Inc.（FLOC）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
Flowco Holdings Inc.的季度营收约是RE/MAX Holdings, Inc.的1.2倍（$85.6M vs $71.1M），Flowco Holdings Inc.净利率更高（20.1% vs 2.0%，领先18.1%），Flowco Holdings Inc.自由现金流更多（$63.2M vs $33.5M）
Flowco Holdings Inc.是一家专业流量控制解决方案供应商，设计、生产及销售工业阀门、驱动系统、定制流量管理组件，核心服务油气开采、工业制造、水处理、公共基建等领域，主要市场覆盖北美及部分欧洲地区。
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。
FLOC vs RMAX — 直观对比
营收规模更大
FLOC
是对方的1.2倍
$71.1M
净利率更高
FLOC
高出18.1%
2.0%
自由现金流更多
FLOC
多$29.7M
$33.5M
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $85.6M | $71.1M |
| 净利润 | $17.2M | $1.4M |
| 毛利率 | -4.8% | — |
| 营业利润率 | 49.0% | 13.1% |
| 净利率 | 20.1% | 2.0% |
| 营收同比 | — | -1.8% |
| 净利润同比 | — | -75.2% |
| 每股收益（稀释后） | $0.47 | — |
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FLOCRMAX
| Q4 25 | $85.6M | $71.1M | ||
| Q3 25 | $70.0M | $73.2M | ||
| Q2 25 | $91.1M | $72.8M | ||
| Q1 25 | $95.1M | $74.5M | ||
| Q4 24 | — | $72.5M | ||
| Q3 24 | — | $78.5M | ||
| Q2 24 | — | $78.5M | ||
| Q1 24 | — | $78.3M |
净利润FLOCRMAX
| Q4 25 | $17.2M | $1.4M | ||
| Q3 25 | $12.5M | $4.0M | ||
| Q2 25 | $5.5M | $4.7M | ||
| Q1 25 | $6.2M | $-2.0M | ||
| Q4 24 | — | $5.8M | ||
| Q3 24 | — | $966.0K | ||
| Q2 24 | — | $3.7M | ||
| Q1 24 | — | $-3.4M |
毛利率FLOCRMAX
| Q4 25 | -4.8% | — | ||
| Q3 25 | -6.0% | — | ||
| Q2 25 | 1.0% | — | ||
| Q1 25 | 2.8% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
营业利润率FLOCRMAX
| Q4 25 | 49.0% | 13.1% | ||
| Q3 25 | 49.4% | 25.0% | ||
| Q2 25 | 40.7% | 19.3% | ||
| Q1 25 | 37.2% | 7.2% | ||
| Q4 24 | — | 5.9% | ||
| Q3 24 | — | 19.4% | ||
| Q2 24 | — | 20.6% | ||
| Q1 24 | — | 5.8% |
净利率FLOCRMAX
| Q4 25 | 20.1% | 2.0% | ||
| Q3 25 | 17.9% | 5.4% | ||
| Q2 25 | 6.0% | 6.4% | ||
| Q1 25 | 6.5% | -2.6% | ||
| Q4 24 | — | 8.0% | ||
| Q3 24 | — | 1.2% | ||
| Q2 24 | — | 4.7% | ||
| Q1 24 | — | -4.3% |
每股收益（稀释后）FLOCRMAX
| Q4 25 | $0.47 | — | ||
| Q3 25 | $0.32 | — | ||
| Q2 25 | $0.21 | — | ||
| Q1 25 | $0.24 | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $4.5M | $118.7M |
| 总债务越低越好 | $167.8M | $432.2M |
| 股东权益账面价值 | $228.6M | $452.4M |
| 总资产 | $1.6B | $582.5M |
| 负债/权益比越低杠杆越低 | 0.73× | 0.96× |
8季度趋势，按日历期对齐
现金及短期投资FLOCRMAX
| Q4 25 | $4.5M | $118.7M | ||
| Q3 25 | $7.2M | $107.5M | ||
| Q2 25 | $9.3M | $94.3M | ||
| Q1 25 | $687.0K | $89.1M | ||
| Q4 24 | — | $96.6M | ||
| Q3 24 | — | $83.8M | ||
| Q2 24 | — | $66.1M | ||
| Q1 24 | — | $82.1M |
总债务FLOCRMAX
| Q4 25 | $167.8M | $432.2M | ||
| Q3 25 | $222.6M | $433.3M | ||
| Q2 25 | $167.1M | $434.4M | ||
| Q1 25 | $181.0M | $435.3M | ||
| Q4 24 | — | $436.2M | ||
| Q3 24 | — | $437.2M | ||
| Q2 24 | — | $438.1M | ||
| Q1 24 | — | $439.0M |
股东权益FLOCRMAX
| Q4 25 | $228.6M | $452.4M | ||
| Q3 25 | $371.0M | $448.1M | ||
| Q2 25 | $150.3M | $442.4M | ||
| Q1 25 | $-370.1M | $433.5M | ||
| Q4 24 | — | $429.5M | ||
| Q3 24 | — | $423.1M | ||
| Q2 24 | — | $418.4M | ||
| Q1 24 | — | $412.0M |
总资产FLOCRMAX
| Q4 25 | $1.6B | $582.5M | ||
| Q3 25 | $1.7B | $582.2M | ||
| Q2 25 | $1.6B | $574.8M | ||
| Q1 25 | $1.6B | $571.4M | ||
| Q4 24 | — | $581.6M | ||
| Q3 24 | — | $578.6M | ||
| Q2 24 | — | $571.4M | ||
| Q1 24 | — | $566.7M |
负债/权益比FLOCRMAX
| Q4 25 | 0.73× | 0.96× | ||
| Q3 25 | 0.60× | 0.97× | ||
| Q2 25 | 1.11× | 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 | $87.2M | $40.9M |
| 自由现金流经营现金流 - 资本支出 | $63.2M | $33.5M |
| 自由现金流率自由现金流/营收 | 73.8% | 47.1% |
| 资本支出强度资本支出/营收 | 28.0% | 10.4% |
| 现金转化率经营现金流/净利润 | 5.06× | 28.39× |
| 过去12个月自由现金流最近4个季度 | $167.1M | $56.8M |
8季度趋势，按日历期对齐
经营现金流FLOCRMAX
| Q4 25 | $87.2M | $40.9M | ||
| Q3 25 | $82.5M | $17.7M | ||
| Q2 25 | $82.2M | $4.6M | ||
| Q1 25 | $42.5M | $5.7M | ||
| Q4 24 | — | $59.7M | ||
| Q3 24 | — | $17.6M | ||
| Q2 24 | — | $15.9M | ||
| Q1 24 | — | $9.4M |
自由现金流FLOCRMAX
| Q4 25 | $63.2M | $33.5M | ||
| Q3 25 | $42.8M | $16.4M | ||
| Q2 25 | $46.4M | $2.9M | ||
| Q1 25 | $14.7M | $4.0M | ||
| Q4 24 | — | $53.0M | ||
| Q3 24 | — | $16.3M | ||
| Q2 24 | — | $14.0M | ||
| Q1 24 | — | $6.8M |
自由现金流率FLOCRMAX
| Q4 25 | 73.8% | 47.1% | ||
| Q3 25 | 61.2% | 22.4% | ||
| Q2 25 | 50.9% | 4.0% | ||
| Q1 25 | 15.5% | 5.3% | ||
| Q4 24 | — | 73.2% | ||
| Q3 24 | — | 20.8% | ||
| Q2 24 | — | 17.8% | ||
| Q1 24 | — | 8.6% |
资本支出强度FLOCRMAX
| Q4 25 | 28.0% | 10.4% | ||
| Q3 25 | 56.7% | 1.8% | ||
| Q2 25 | 39.3% | 2.2% | ||
| Q1 25 | 29.3% | 2.3% | ||
| Q4 24 | — | 9.1% | ||
| Q3 24 | — | 1.7% | ||
| Q2 24 | — | 2.4% | ||
| Q1 24 | — | 3.3% |
现金转化率FLOCRMAX
| Q4 25 | 5.06× | 28.39× | ||
| Q3 25 | 6.59× | 4.45× | ||
| Q2 25 | 15.02× | 0.97× | ||
| Q1 25 | 6.89× | — | ||
| 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
FLOC
| Transferred Over Time | $65.1M | 76% |
| Natural Gas Production | $21.0M | 25% |
RMAX
| Franchising Segment | $50.1M | 70% |
| Broker Fees | $13.9M | 20% |
| Annual Dues | $7.4M | 10% |
