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Fathom Holdings Inc.（FTHM）与RESOURCES CONNECTION, INC.（RGP）财务数据对比。点击上方公司名可切换其他公司
RESOURCES CONNECTION, INC.的季度营收约是Fathom Holdings Inc.的1.3倍（$117.7M vs $90.6M），Fathom Holdings Inc.净利率更高（-7.4% vs -10.8%，领先3.3%），Fathom Holdings Inc.同比增速更快（-1.2% vs -19.2%），RESOURCES CONNECTION, INC.自由现金流更多（$15.6M vs $-20.7M），过去两年Fathom Holdings Inc.的营收复合增速更高（13.4% vs -11.8%）
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。
RGP原名 Resources Global Professionals，是 Resources Connection, Inc. 的核心运营主体，面向全球客户提供多领域专业咨询服务，覆盖财务会计、信息管理、治理风险合规、人力资本、法务监管、企业咨询与重组、战略传播以及供应链管理等板块。
FTHM vs RGP — 直观对比
营收规模更大
RGP
是对方的1.3倍
$90.6M
营收增速更快
FTHM
高出17.9%
-19.2%
净利率更高
FTHM
高出3.3%
-10.8%
自由现金流更多
RGP
多$36.2M
$-20.7M
两年增速更快
FTHM
近两年复合增速
-11.8%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $90.6M | $117.7M |
| 净利润 | $-6.7M | $-12.7M |
| 毛利率 | — | 37.1% |
| 营业利润率 | -5.2% | -10.3% |
| 净利率 | -7.4% | -10.8% |
| 营收同比 | -1.2% | -19.2% |
| 净利润同比 | -7.7% | 81.6% |
| 每股收益（稀释后） | $-0.20 | $-0.38 |
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FTHMRGP
| Q4 25 | $90.6M | $117.7M | ||
| Q3 25 | $115.3M | $120.2M | ||
| Q2 25 | $121.4M | $139.3M | ||
| Q1 25 | $93.1M | $129.4M | ||
| Q4 24 | $91.7M | $145.6M | ||
| Q3 24 | $83.7M | $136.9M | ||
| Q2 24 | $89.2M | $148.2M | ||
| Q1 24 | $70.5M | $151.3M |
净利润FTHMRGP
| Q4 25 | $-6.7M | $-12.7M | ||
| Q3 25 | $-4.4M | $-2.4M | ||
| Q2 25 | $-3.6M | $-73.3M | ||
| Q1 25 | $-5.6M | $-44.1M | ||
| Q4 24 | $-6.2M | $-68.7M | ||
| Q3 24 | $-8.1M | $-5.7M | ||
| Q2 24 | $-1.3M | $10.5M | ||
| Q1 24 | $-5.9M | $2.5M |
毛利率FTHMRGP
| Q4 25 | — | 37.1% | ||
| Q3 25 | — | 39.5% | ||
| Q2 25 | — | 40.2% | ||
| Q1 25 | — | 35.1% | ||
| Q4 24 | — | 38.5% | ||
| Q3 24 | — | 36.5% | ||
| Q2 24 | — | 40.2% | ||
| Q1 24 | — | 37.0% |
营业利润率FTHMRGP
| Q4 25 | -5.2% | -10.3% | ||
| Q3 25 | -3.5% | -1.7% | ||
| Q2 25 | -2.0% | -47.0% | ||
| Q1 25 | -4.8% | -38.4% | ||
| Q4 24 | -7.0% | -52.7% | ||
| Q3 24 | -9.3% | -3.5% | ||
| Q2 24 | -4.1% | 7.6% | ||
| Q1 24 | -8.0% | 2.8% |
净利率FTHMRGP
| Q4 25 | -7.4% | -10.8% | ||
| Q3 25 | -3.8% | -2.0% | ||
| Q2 25 | -3.0% | -52.6% | ||
| Q1 25 | -6.1% | -34.0% | ||
| Q4 24 | -6.8% | -47.2% | ||
| Q3 24 | -9.7% | -4.2% | ||
| Q2 24 | -1.5% | 7.1% | ||
| Q1 24 | -8.4% | 1.7% |
每股收益（稀释后）FTHMRGP
| Q4 25 | $-0.20 | $-0.38 | ||
| Q3 25 | $-0.15 | $-0.07 | ||
| Q2 25 | $-0.13 | $-2.21 | ||
| Q1 25 | $-0.24 | $-1.34 | ||
| Q4 24 | $-0.29 | $-2.08 | ||
| Q3 24 | $-0.40 | $-0.17 | ||
| Q2 24 | $-0.07 | $0.31 | ||
| Q1 24 | $-0.31 | $0.08 |
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 | $89.8M |
| 总债务越低越好 | $5.6M | — |
| 股东权益账面价值 | $37.4M | $194.6M |
| 总资产 | $78.0M | $289.3M |
| 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FTHMRGP
| Q4 25 | $5.8M | $89.8M | ||
| Q3 25 | $9.8M | $77.5M | ||
| Q2 25 | $4.9M | $86.1M | ||
| Q1 25 | $8.0M | $72.5M | ||
| Q4 24 | $7.1M | $78.2M | ||
| Q3 24 | $13.1M | $89.6M | ||
| Q2 24 | $10.4M | $108.9M | ||
| Q1 24 | $5.7M | $113.8M |
总债务FTHMRGP
| 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FTHMRGP
| Q4 25 | $37.4M | $194.6M | ||
| Q3 25 | $43.4M | $206.4M | ||
| Q2 25 | $40.7M | $207.1M | ||
| Q1 25 | $43.4M | $277.8M | ||
| Q4 24 | $44.7M | $325.7M | ||
| Q3 24 | $47.1M | $407.2M | ||
| Q2 24 | $53.1M | $418.8M | ||
| Q1 24 | $51.9M | $414.9M |
总资产FTHMRGP
| Q4 25 | $78.0M | $289.3M | ||
| Q3 25 | $83.2M | $287.2M | ||
| Q2 25 | $80.4M | $304.7M | ||
| Q1 25 | $81.0M | $375.6M | ||
| Q4 24 | $75.4M | $424.9M | ||
| Q3 24 | $80.9M | $512.9M | ||
| Q2 24 | $80.2M | $510.9M | ||
| Q1 24 | $78.2M | $523.2M |
负债/权益比FTHMRGP
| 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 | $15.9M |
| 自由现金流经营现金流 - 资本支出 | $-20.7M | $15.6M |
| 自由现金流率自由现金流/营收 | -22.8% | 13.2% |
| 资本支出强度资本支出/营收 | 0.1% | 0.3% |
| 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 | $24.3M |
8季度趋势，按日历期对齐
经营现金流FTHMRGP
| Q4 25 | $-20.5M | $15.9M | ||
| Q3 25 | $3.0M | $-7.8M | ||
| Q2 25 | $-5.9M | $16.8M | ||
| Q1 25 | $-5.7M | $659.0K | ||
| Q4 24 | $-4.7M | $1.8M | ||
| Q3 24 | $-330.0K | $-309.0K | ||
| Q2 24 | $-3.1M | $3.2M | ||
| Q1 24 | $-947.0K | $20.5M |
自由现金流FTHMRGP
| Q4 25 | $-20.7M | $15.6M | ||
| Q3 25 | $3.0M | $-8.0M | ||
| Q2 25 | $-6.0M | $16.5M | ||
| Q1 25 | $-5.8M | $238.0K | ||
| Q4 24 | $-4.7M | $61.0K | ||
| Q3 24 | $-364.0K | $-575.0K | ||
| Q2 24 | $-3.1M | $3.0M | ||
| Q1 24 | $-948.0K | $20.4M |
自由现金流率FTHMRGP
| Q4 25 | -22.8% | 13.2% | ||
| Q3 25 | 2.6% | -6.6% | ||
| Q2 25 | -4.9% | 11.8% | ||
| Q1 25 | -6.2% | 0.2% | ||
| Q4 24 | -5.2% | 0.0% | ||
| Q3 24 | -0.4% | -0.4% | ||
| Q2 24 | -3.5% | 2.1% | ||
| Q1 24 | -1.3% | 13.5% |
资本支出强度FTHMRGP
| Q4 25 | 0.1% | 0.3% | ||
| Q3 25 | 0.0% | 0.1% | ||
| Q2 25 | 0.0% | 0.2% | ||
| Q1 25 | 0.0% | 0.3% | ||
| Q4 24 | 0.1% | 1.2% | ||
| Q3 24 | 0.0% | 0.2% | ||
| Q2 24 | 0.0% | 0.1% | ||
| Q1 24 | 0.0% | 0.1% |
现金转化率FTHMRGP
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 0.30× | ||
| Q1 24 | — | 8.04× |
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% |
RGP
| US | $93.7M | 80% |
| Non Us | $24.0M | 20% |
