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Fathom Holdings Inc.（FTHM）与OCTAVE SPECIALTY GROUP INC（OSG）财务数据对比。点击上方公司名可切换其他公司
OCTAVE SPECIALTY GROUP INC的季度营收约是Fathom Holdings Inc.的1.1倍（$104.2M vs $90.6M），OCTAVE SPECIALTY GROUP INC净利率更高（-6.6% vs -7.4%，领先0.8%），OCTAVE SPECIALTY GROUP INC同比增速更快（66.0% vs -1.2%），过去两年OCTAVE SPECIALTY GROUP INC的营收复合增速更高（42.9% 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。
奥克塔夫专业集团是一家专业保险控股企业，主营定制化财产与意外伤害保险产品，核心业务聚焦超额剩余保险领域，为北美地区的商业及个人客户提供定制化风险保障解决方案。
FTHM vs OSG — 直观对比
营收规模更大
OSG
是对方的1.1倍
$90.6M
营收增速更快
OSG
高出67.2%
-1.2%
净利率更高
OSG
高出0.8%
-7.4%
两年增速更快
OSG
近两年复合增速
13.4%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $90.6M | $104.2M |
| 净利润 | $-6.7M | $-6.9M |
| 毛利率 | — | — |
| 营业利润率 | -5.2% | — |
| 净利率 | -7.4% | -6.6% |
| 营收同比 | -1.2% | 66.0% |
| 净利润同比 | -7.7% | — |
| 每股收益（稀释后） | $-0.20 | $-0.13 |
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FTHMOSG
| Q1 26 | — | $104.2M | ||
| Q4 25 | $90.6M | $66.9M | ||
| Q3 25 | $115.3M | $66.6M | ||
| Q2 25 | $121.4M | $55.0M | ||
| Q1 25 | $93.1M | $62.8M | ||
| Q4 24 | $91.7M | $65.2M | ||
| Q3 24 | $83.7M | $70.0M | ||
| Q2 24 | $89.2M | $51.0M |
净利润FTHMOSG
| Q1 26 | — | $-6.9M | ||
| Q4 25 | $-6.7M | $-29.7M | ||
| Q3 25 | $-4.4M | $-112.6M | ||
| Q2 25 | $-3.6M | $-72.7M | ||
| Q1 25 | $-5.6M | $-44.7M | ||
| Q4 24 | $-6.2M | $-20.9M | ||
| Q3 24 | $-8.1M | $-27.5M | ||
| Q2 24 | $-1.3M | $-750.0K |
营业利润率FTHMOSG
| Q1 26 | — | — | ||
| Q4 25 | -5.2% | -76.7% | ||
| Q3 25 | -3.5% | -48.2% | ||
| Q2 25 | -2.0% | -41.8% | ||
| Q1 25 | -4.8% | -24.1% | ||
| Q4 24 | -7.0% | -55.5% | ||
| Q3 24 | -9.3% | -29.7% | ||
| Q2 24 | -4.1% | -28.9% |
净利率FTHMOSG
| Q1 26 | — | -6.6% | ||
| Q4 25 | -7.4% | -73.8% | ||
| Q3 25 | -3.8% | -169.1% | ||
| Q2 25 | -3.0% | -132.3% | ||
| Q1 25 | -6.1% | -71.3% | ||
| Q4 24 | -6.8% | -55.1% | ||
| Q3 24 | -9.7% | -39.3% | ||
| Q2 24 | -1.5% | -1.5% |
每股收益（稀释后）FTHMOSG
| Q1 26 | — | $-0.13 | ||
| Q4 25 | $-0.20 | $-0.82 | ||
| Q3 25 | $-0.15 | $-2.35 | ||
| Q2 25 | $-0.13 | $-1.54 | ||
| Q1 25 | $-0.24 | $-1.22 | ||
| Q4 24 | $-0.29 | $-11.75 | ||
| Q3 24 | $-0.40 | $-0.63 | ||
| Q2 24 | $-0.07 | $-0.02 |
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 | — |
| 总债务越低越好 | $5.6M | $117.1M |
| 股东权益账面价值 | $37.4M | $833.6M |
| 总资产 | $78.0M | $2.3B |
| 负债/权益比越低杠杆越低 | 0.15× | 0.14× |
8季度趋势，按日历期对齐
现金及短期投资FTHMOSG
| Q1 26 | — | — | ||
| Q4 25 | $5.8M | $146.4M | ||
| Q3 25 | $9.8M | $27.5M | ||
| Q2 25 | $4.9M | $22.5M | ||
| Q1 25 | $8.0M | $34.1M | ||
| Q4 24 | $7.1M | $157.2M | ||
| Q3 24 | $13.1M | $40.8M | ||
| Q2 24 | $10.4M | $14.6M |
总债务FTHMOSG
| Q1 26 | — | $117.1M | ||
| Q4 25 | $5.6M | $117.6M | ||
| Q3 25 | $5.1M | — | ||
| Q2 25 | $5.1M | — | ||
| Q1 25 | $5.1M | — | ||
| Q4 24 | $9.5M | $0 | ||
| Q3 24 | $8.8M | $518.0M | ||
| Q2 24 | $3.6M | $515.0M |
股东权益FTHMOSG
| Q1 26 | — | $833.6M | ||
| Q4 25 | $37.4M | $715.8M | ||
| Q3 25 | $43.4M | $843.4M | ||
| Q2 25 | $40.7M | $859.8M | ||
| Q1 25 | $43.4M | $852.2M | ||
| Q4 24 | $44.7M | $798.4M | ||
| Q3 24 | $47.1M | $1.5B | ||
| Q2 24 | $53.1M | $1.4B |
总资产FTHMOSG
| Q1 26 | — | $2.3B | ||
| Q4 25 | $78.0M | $2.2B | ||
| Q3 25 | $83.2M | $2.1B | ||
| Q2 25 | $80.4M | $8.5B | ||
| Q1 25 | $81.0M | $8.3B | ||
| Q4 24 | $75.4M | $8.1B | ||
| Q3 24 | $80.9M | $9.3B | ||
| Q2 24 | $80.2M | $8.2B |
负债/权益比FTHMOSG
| Q1 26 | — | 0.14× | ||
| Q4 25 | 0.15× | 0.16× | ||
| Q3 25 | 0.12× | — | ||
| Q2 25 | 0.12× | — | ||
| Q1 25 | 0.12× | — | ||
| Q4 24 | 0.21× | 0.00× | ||
| Q3 24 | 0.19× | 0.35× | ||
| Q2 24 | 0.07× | 0.38× |
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 | — |
| 自由现金流经营现金流 - 资本支出 | $-20.7M | — |
| 自由现金流率自由现金流/营收 | -22.8% | — |
| 资本支出强度资本支出/营收 | 0.1% | — |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $-29.4M | — |
8季度趋势，按日历期对齐
经营现金流FTHMOSG
| Q1 26 | — | — | ||
| Q4 25 | $-20.5M | $-52.3M | ||
| Q3 25 | $3.0M | $-41.2M | ||
| Q2 25 | $-5.9M | $2.1M | ||
| Q1 25 | $-5.7M | $-12.6M | ||
| Q4 24 | $-4.7M | $762.0K | ||
| Q3 24 | $-330.0K | $48.9M | ||
| Q2 24 | $-3.1M | $20.4M |
自由现金流FTHMOSG
| Q1 26 | — | — | ||
| Q4 25 | $-20.7M | — | ||
| Q3 25 | $3.0M | — | ||
| Q2 25 | $-6.0M | — | ||
| Q1 25 | $-5.8M | — | ||
| Q4 24 | $-4.7M | — | ||
| Q3 24 | $-364.0K | — | ||
| Q2 24 | $-3.1M | — |
自由现金流率FTHMOSG
| Q1 26 | — | — | ||
| Q4 25 | -22.8% | — | ||
| Q3 25 | 2.6% | — | ||
| Q2 25 | -4.9% | — | ||
| Q1 25 | -6.2% | — | ||
| Q4 24 | -5.2% | — | ||
| Q3 24 | -0.4% | — | ||
| Q2 24 | -3.5% | — |
资本支出强度FTHMOSG
| Q1 26 | — | — | ||
| Q4 25 | 0.1% | — | ||
| Q3 25 | 0.0% | — | ||
| Q2 25 | 0.0% | — | ||
| Q1 25 | 0.0% | — | ||
| Q4 24 | 0.1% | — | ||
| Q3 24 | 0.0% | — | ||
| Q2 24 | 0.0% | — |
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% |
OSG
| Commissions | $68.2M | 65% |
| Other | $20.6M | 20% |
| Servicing and other fees | $9.4M | 9% |
| Program fees | $3.6M | 3% |
| Investment income | $2.4M | 2% |
