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Fathom Holdings Inc.（FTHM）与IMAX（IMAX）财务数据对比。点击上方公司名可切换其他公司
IMAX的季度营收约是Fathom Holdings Inc.的1.4倍（$125.2M vs $90.6M），IMAX净利率更高（0.5% vs -7.4%，领先7.9%），IMAX同比增速更快（35.1% vs -1.2%），IMAX自由现金流更多（$28.0M vs $-20.7M），过去两年IMAX的营收复合增速更高（25.8% vs 13.4%）
Fathom Holdings Inc.是一家总部位于美国的房地产科技与服务企业，为房产经纪人、经纪机构和消费者提供数字交易管理、按揭服务、产权保险、住宅经纪等一站式解决方案，业务覆盖美国大部分区域市场。
IMAX公司是加拿大的影视放映技术企业，1967年创立于蒙特利尔，总部位于多伦多地区，在纽约、洛杉矶均设有业务点。核心业务包括IMAX摄影机与放映系统的设计制造，同时面向全球合作影院提供影片开发、制作、后期及发行服务，是沉浸式观影技术领域的领先企业。
FTHM vs IMAX — 直观对比
营收规模更大
IMAX
是对方的1.4倍
$90.6M
营收增速更快
IMAX
高出36.3%
-1.2%
净利率更高
IMAX
高出7.9%
-7.4%
自由现金流更多
IMAX
多$48.6M
$-20.7M
两年增速更快
IMAX
近两年复合增速
13.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $90.6M | $125.2M |
| 净利润 | $-6.7M | $637.0K |
| 毛利率 | — | 57.6% |
| 营业利润率 | -5.2% | 19.3% |
| 净利率 | -7.4% | 0.5% |
| 营收同比 | -1.2% | 35.1% |
| 净利润同比 | -7.7% | -88.0% |
| 每股收益（稀释后） | $-0.20 | $0.02 |
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FTHMIMAX
| Q4 25 | $90.6M | $125.2M | ||
| Q3 25 | $115.3M | $106.7M | ||
| Q2 25 | $121.4M | $91.7M | ||
| Q1 25 | $93.1M | $86.7M | ||
| Q4 24 | $91.7M | $92.7M | ||
| Q3 24 | $83.7M | $91.5M | ||
| Q2 24 | $89.2M | $89.0M | ||
| Q1 24 | $70.5M | $79.1M |
净利润FTHMIMAX
| Q4 25 | $-6.7M | $637.0K | ||
| Q3 25 | $-4.4M | $20.7M | ||
| Q2 25 | $-3.6M | $11.3M | ||
| Q1 25 | $-5.6M | $2.3M | ||
| Q4 24 | $-6.2M | $5.3M | ||
| Q3 24 | $-8.1M | $13.9M | ||
| Q2 24 | $-1.3M | $3.6M | ||
| Q1 24 | $-5.9M | $3.3M |
毛利率FTHMIMAX
| Q4 25 | — | 57.6% | ||
| Q3 25 | — | 63.1% | ||
| Q2 25 | — | 58.5% | ||
| Q1 25 | — | 61.4% | ||
| Q4 24 | — | 52.2% | ||
| Q3 24 | — | 55.8% | ||
| Q2 24 | — | 49.4% | ||
| Q1 24 | — | 59.3% |
营业利润率FTHMIMAX
| Q4 25 | -5.2% | 19.3% | ||
| Q3 25 | -3.5% | 27.2% | ||
| Q2 25 | -2.0% | 15.6% | ||
| Q1 25 | -4.8% | 19.3% | ||
| Q4 24 | -7.0% | 10.3% | ||
| Q3 24 | -9.3% | 21.2% | ||
| Q2 24 | -4.1% | 3.2% | ||
| Q1 24 | -8.0% | 15.3% |
净利率FTHMIMAX
| Q4 25 | -7.4% | 0.5% | ||
| Q3 25 | -3.8% | 19.4% | ||
| Q2 25 | -3.0% | 12.3% | ||
| Q1 25 | -6.1% | 2.7% | ||
| Q4 24 | -6.8% | 5.7% | ||
| Q3 24 | -9.7% | 15.2% | ||
| Q2 24 | -1.5% | 4.0% | ||
| Q1 24 | -8.4% | 4.1% |
每股收益（稀释后）FTHMIMAX
| Q4 25 | $-0.20 | $0.02 | ||
| Q3 25 | $-0.15 | $0.37 | ||
| Q2 25 | $-0.13 | $0.20 | ||
| Q1 25 | $-0.24 | $0.04 | ||
| Q4 24 | $-0.29 | $0.09 | ||
| Q3 24 | $-0.40 | $0.26 | ||
| Q2 24 | $-0.07 | $0.07 | ||
| Q1 24 | $-0.31 | $0.06 |
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 | $5.8M | $151.2M |
| 总债务越低越好 | $5.6M | — |
| 股东权益账面价值 | $37.4M | $337.9M |
| 总资产 | $78.0M | $894.0M |
| 负债/权益比越低杠杆越低 | 0.15× | — |
8季度趋势，按日历期对齐
现金及短期投资FTHMIMAX
| Q4 25 | $5.8M | $151.2M | ||
| Q3 25 | $9.8M | $143.1M | ||
| Q2 25 | $4.9M | $109.3M | ||
| Q1 25 | $8.0M | $97.1M | ||
| Q4 24 | $7.1M | $100.6M | ||
| Q3 24 | $13.1M | $104.5M | ||
| Q2 24 | $10.4M | $91.6M | ||
| Q1 24 | $5.7M | $81.0M |
总债务FTHMIMAX
| Q4 25 | $5.6M | — | ||
| Q3 25 | $5.1M | — | ||
| Q2 25 | $5.1M | — | ||
| Q1 25 | $5.1M | — | ||
| Q4 24 | $9.5M | — | ||
| Q3 24 | $8.8M | — | ||
| Q2 24 | $3.6M | — | ||
| Q1 24 | $3.7M | — |
股东权益FTHMIMAX
| Q4 25 | $37.4M | $337.9M | ||
| Q3 25 | $43.4M | $349.5M | ||
| Q2 25 | $40.7M | $320.4M | ||
| Q1 25 | $43.4M | $299.5M | ||
| Q4 24 | $44.7M | $299.5M | ||
| Q3 24 | $47.1M | $289.4M | ||
| Q2 24 | $53.1M | $267.2M | ||
| Q1 24 | $51.9M | $258.8M |
总资产FTHMIMAX
| Q4 25 | $78.0M | $894.0M | ||
| Q3 25 | $83.2M | $889.6M | ||
| Q2 25 | $80.4M | $868.6M | ||
| Q1 25 | $81.0M | $848.3M | ||
| Q4 24 | $75.4M | $830.4M | ||
| Q3 24 | $80.9M | $847.6M | ||
| Q2 24 | $80.2M | $827.4M | ||
| Q1 24 | $78.2M | $824.1M |
负债/权益比FTHMIMAX
| Q4 25 | 0.15× | — | ||
| Q3 25 | 0.12× | — | ||
| Q2 25 | 0.12× | — | ||
| Q1 25 | 0.12× | — | ||
| Q4 24 | 0.21× | — | ||
| Q3 24 | 0.19× | — | ||
| Q2 24 | 0.07× | — | ||
| Q1 24 | 0.07× | — |
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 | $-20.5M | $29.4M |
| 自由现金流经营现金流 - 资本支出 | $-20.7M | $28.0M |
| 自由现金流率自由现金流/营收 | -22.8% | 22.3% |
| 资本支出强度资本支出/营收 | 0.1% | 1.1% |
| 现金转化率经营现金流/净利润 | — | 46.11× |
| 过去12个月自由现金流最近4个季度 | $-29.4M | $118.9M |
8季度趋势，按日历期对齐
经营现金流FTHMIMAX
| Q4 25 | $-20.5M | $29.4M | ||
| Q3 25 | $3.0M | $67.5M | ||
| Q2 25 | $-5.9M | $23.2M | ||
| Q1 25 | $-5.7M | $7.0M | ||
| Q4 24 | $-4.7M | $11.5M | ||
| Q3 24 | $-330.0K | $35.3M | ||
| Q2 24 | $-3.1M | $35.0M | ||
| Q1 24 | $-947.0K | $-11.0M |
自由现金流FTHMIMAX
| Q4 25 | $-20.7M | $28.0M | ||
| Q3 25 | $3.0M | $64.8M | ||
| Q2 25 | $-6.0M | $20.9M | ||
| Q1 25 | $-5.8M | $5.3M | ||
| Q4 24 | $-4.7M | $6.9M | ||
| Q3 24 | $-364.0K | $34.2M | ||
| Q2 24 | $-3.1M | $33.5M | ||
| Q1 24 | $-948.0K | $-12.1M |
自由现金流率FTHMIMAX
| Q4 25 | -22.8% | 22.3% | ||
| Q3 25 | 2.6% | 60.7% | ||
| Q2 25 | -4.9% | 22.8% | ||
| Q1 25 | -6.2% | 6.1% | ||
| Q4 24 | -5.2% | 7.4% | ||
| Q3 24 | -0.4% | 37.3% | ||
| Q2 24 | -3.5% | 37.6% | ||
| Q1 24 | -1.3% | -15.3% |
资本支出强度FTHMIMAX
| Q4 25 | 0.1% | 1.1% | ||
| Q3 25 | 0.0% | 2.6% | ||
| Q2 25 | 0.0% | 2.6% | ||
| Q1 25 | 0.0% | 1.9% | ||
| Q4 24 | 0.1% | 5.0% | ||
| Q3 24 | 0.0% | 1.2% | ||
| Q2 24 | 0.0% | 1.8% | ||
| Q1 24 | 0.0% | 1.4% |
现金转化率FTHMIMAX
| Q4 25 | — | 46.11× | ||
| Q3 25 | — | 3.27× | ||
| Q2 25 | — | 2.06× | ||
| Q1 25 | — | 2.99× | ||
| Q4 24 | — | 2.16× | ||
| Q3 24 | — | 2.54× | ||
| Q2 24 | — | 9.78× | ||
| Q1 24 | — | -3.35× |
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
FTHM
| Real Estate Brokerage | $84.9M | 94% |
| Mortgage Segment | $3.4M | 4% |
| Other | $2.3M | 3% |
IMAX
| Technology Sales | $46.6M | 37% |
| Image Enhancement And Maintenance Services | $38.1M | 30% |
| Joint Revenue Sharing Arrangement | $20.4M | 16% |
| Maintenance | $16.3M | 13% |
| Finance Income | $2.8M | 2% |
| Other Content Solutions | $1.6M | 1% |
