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Fathom Holdings Inc.（FTHM）与Real Brokerage Inc（REAX）财务数据对比。点击上方公司名可切换其他公司
Real Brokerage Inc的季度营收约是Fathom Holdings Inc.的6.3倍（$568.5M vs $90.6M）。Real Brokerage Inc净利率更高（-0.1% vs -7.4%，领先7.3%）。Real Brokerage Inc同比增速更快（52.6% vs -1.2%）。Real Brokerage Inc自由现金流更多（$8.4M vs $-11.9M）
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。
该企业是美国房产服务企业，主营房产经纪业务运营与品牌特许经营，业务覆盖房产中介、 relocation服务、产权服务、保险及结算服务，旗下拥有Better Homes and Gardens Real Estate、21世纪不动产、Coldwell Banker、Corcoran Group、ERA房地产以及苏富比国际地产等多个知名品牌，2026年被Compass, Inc.收购。
FTHM vs REAX — 直观对比
营收规模更大
REAX
是对方的6.3倍
$90.6M
营收增速更快
REAX
高出53.9%
-1.2%
净利率更高
REAX
高出7.3%
-7.4%
自由现金流更多
REAX
多$20.4M
$-11.9M
损益表 — Q4 2025 vs Q3 2025
| 指标 | | |
|---|---|---|
| 营收 | $90.6M | $568.5M |
| 净利润 | $-6.7M | $-447.0K |
| 毛利率 | — | 7.9% |
| 营业利润率 | -5.2% | -0.1% |
| 净利率 | -7.4% | -0.1% |
| 营收同比 | -1.2% | 52.6% |
| 净利润同比 | -7.7% | 82.7% |
| 每股收益（稀释后） | $-0.20 | $0.00 |
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FTHMREAX
| Q4 25 | $90.6M | — | ||
| Q3 25 | $115.3M | $568.5M | ||
| Q2 25 | $121.4M | $540.7M | ||
| Q1 25 | $93.1M | $354.0M | ||
| Q4 24 | $91.7M | — | ||
| Q3 24 | $83.7M | $372.5M | ||
| Q2 24 | $89.2M | — | ||
| Q1 24 | $70.5M | $200.7M |
净利润FTHMREAX
| Q4 25 | $-6.7M | — | ||
| Q3 25 | $-4.4M | $-447.0K | ||
| Q2 25 | $-3.6M | $1.5M | ||
| Q1 25 | $-5.6M | $-5.0M | ||
| Q4 24 | $-6.2M | — | ||
| Q3 24 | $-8.1M | $-2.6M | ||
| Q2 24 | $-1.3M | — | ||
| Q1 24 | $-5.9M | $-16.1M |
毛利率FTHMREAX
| Q4 25 | — | — | ||
| Q3 25 | — | 7.9% | ||
| Q2 25 | — | 8.9% | ||
| Q1 25 | — | 9.6% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 8.6% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 10.3% |
营业利润率FTHMREAX
| Q4 25 | -5.2% | — | ||
| Q3 25 | -3.5% | -0.1% | ||
| Q2 25 | -2.0% | 0.3% | ||
| Q1 25 | -4.8% | -1.5% | ||
| Q4 24 | -7.0% | — | ||
| Q3 24 | -9.3% | -0.7% | ||
| Q2 24 | -4.1% | — | ||
| Q1 24 | -8.0% | -7.8% |
净利率FTHMREAX
| Q4 25 | -7.4% | — | ||
| Q3 25 | -3.8% | -0.1% | ||
| Q2 25 | -3.0% | 0.3% | ||
| Q1 25 | -6.1% | -1.4% | ||
| Q4 24 | -6.8% | — | ||
| Q3 24 | -9.7% | -0.7% | ||
| Q2 24 | -1.5% | — | ||
| Q1 24 | -8.4% | -8.0% |
每股收益（稀释后）FTHMREAX
| Q4 25 | $-0.20 | — | ||
| Q3 25 | $-0.15 | $0.00 | ||
| Q2 25 | $-0.13 | $0.01 | ||
| Q1 25 | $-0.24 | $-0.02 | ||
| Q4 24 | $-0.29 | — | ||
| Q3 24 | $-0.40 | $-0.01 | ||
| Q2 24 | $-0.07 | — | ||
| Q1 24 | $-0.31 | $-0.09 |
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 | $38.7M |
| 总债务越低越好 | $5.6M | — |
| 股东权益账面价值 | $37.4M | $53.6M |
| 总资产 | $78.0M | $145.2M |
| 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FTHMREAX
| Q4 25 | $5.8M | — | ||
| Q3 25 | $9.8M | $38.7M | ||
| Q2 25 | $4.9M | $49.7M | ||
| Q1 25 | $8.0M | $24.7M | ||
| Q4 24 | $7.1M | — | ||
| Q3 24 | $13.1M | $22.6M | ||
| Q2 24 | $10.4M | — | ||
| Q1 24 | $5.7M | $20.1M |
总债务FTHMREAX
| Q4 25 | $5.6M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $9.5M | — | ||
| Q3 24 | $8.8M | — | ||
| Q2 24 | $3.6M | — | ||
| Q1 24 | $3.7M | — |
股东权益FTHMREAX
| Q4 25 | $37.4M | — | ||
| Q3 25 | $43.4M | $53.6M | ||
| Q2 25 | $40.7M | $49.2M | ||
| Q1 25 | $43.4M | $32.8M | ||
| Q4 24 | $44.7M | — | ||
| Q3 24 | $47.1M | $29.8M | ||
| Q2 24 | $53.1M | — | ||
| Q1 24 | $51.9M | $25.6M |
总资产FTHMREAX
| Q4 25 | $78.0M | — | ||
| Q3 25 | $83.2M | $145.2M | ||
| Q2 25 | $80.4M | $149.4M | ||
| Q1 25 | $81.0M | $100.5M | ||
| Q4 24 | $75.4M | — | ||
| Q3 24 | $80.9M | $102.5M | ||
| Q2 24 | $80.2M | — | ||
| Q1 24 | $78.2M | — |
负债/权益比FTHMREAX
| Q4 25 | 0.15× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| 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 | $-11.9M | $8.8M |
| 自由现金流经营现金流 - 资本支出 | $-11.9M | $8.4M |
| 自由现金流率自由现金流/营收 | -13.2% | 1.5% |
| 资本支出强度资本支出/营收 | 0.0% | 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 | $-20.7M | $71.7M |
8季度趋势，按日历期对齐
经营现金流FTHMREAX
| Q4 25 | $-11.9M | — | ||
| Q3 25 | $3.0M | $8.8M | ||
| Q2 25 | $-5.9M | $41.0M | ||
| Q1 25 | $-5.7M | $15.9M | ||
| Q4 24 | $-317.0K | — | ||
| Q3 24 | $-330.0K | $7.2M | ||
| Q2 24 | $-3.1M | — | ||
| Q1 24 | $-947.0K | $21.5M |
自由现金流FTHMREAX
| Q4 25 | $-11.9M | — | ||
| Q3 25 | $3.0M | $8.4M | ||
| Q2 25 | $-6.0M | $40.8M | ||
| Q1 25 | $-5.8M | $15.7M | ||
| Q4 24 | $-322.0K | — | ||
| Q3 24 | $-364.0K | $6.8M | ||
| Q2 24 | $-3.1M | — | ||
| Q1 24 | $-948.0K | $21.4M |
自由现金流率FTHMREAX
| Q4 25 | -13.2% | — | ||
| Q3 25 | 2.6% | 1.5% | ||
| Q2 25 | -4.9% | 7.5% | ||
| Q1 25 | -6.2% | 4.4% | ||
| Q4 24 | -0.4% | — | ||
| Q3 24 | -0.4% | 1.8% | ||
| Q2 24 | -3.5% | — | ||
| Q1 24 | -1.3% | 10.7% |
资本支出强度FTHMREAX
| Q4 25 | 0.0% | — | ||
| Q3 25 | 0.0% | 0.1% | ||
| Q2 25 | 0.0% | 0.0% | ||
| Q1 25 | 0.0% | 0.1% | ||
| Q4 24 | 0.0% | — | ||
| Q3 24 | 0.0% | 0.1% | ||
| Q2 24 | 0.0% | — | ||
| Q1 24 | 0.0% | 0.0% |
现金转化率FTHMREAX
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 27.13× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| 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
FTHM
| Real Estate Brokerage | $84.9M | 94% |
| Mortgage Segment | $3.4M | 4% |
| Other | $2.3M | 3% |
REAX
暂无分部数据
