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Fathom Holdings Inc.（FTHM）与null（SWIM）财务数据对比。点击上方公司名可切换其他公司
null的季度营收约是Fathom Holdings Inc.的1.1倍（$100.0M vs $90.6M），null净利率更高（-7.0% vs -7.4%，领先0.4%），null同比增速更快（14.5% vs -1.2%），null自由现金流更多（$14.1M vs $-20.7M），过去两年Fathom Holdings Inc.的营收复合增速更高（13.4% vs -4.9%）
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。
该企业是一家源自美国的跨国律师事务所，1934年创立于加利福尼亚州洛杉矶，在诉讼业务、公司法务以及监管合规法律领域拥有深厚的行业积累与知名度，是全球颇具影响力的综合性律所之一。
FTHM vs SWIM — 直观对比
营收规模更大
SWIM
是对方的1.1倍
$90.6M
营收增速更快
SWIM
高出15.8%
-1.2%
净利率更高
SWIM
高出0.4%
-7.4%
自由现金流更多
SWIM
多$34.7M
$-20.7M
两年增速更快
FTHM
近两年复合增速
-4.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $90.6M | $100.0M |
| 净利润 | $-6.7M | $-7.0M |
| 毛利率 | — | 28.0% |
| 营业利润率 | -5.2% | -10.7% |
| 净利率 | -7.4% | -7.0% |
| 营收同比 | -1.2% | 14.5% |
| 净利润同比 | -7.7% | 76.0% |
| 每股收益（稀释后） | $-0.20 | $-0.06 |
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FTHMSWIM
| Q4 25 | $90.6M | $100.0M | ||
| Q3 25 | $115.3M | $161.9M | ||
| Q2 25 | $121.4M | $172.6M | ||
| Q1 25 | $93.1M | $111.4M | ||
| Q4 24 | $91.7M | $87.3M | ||
| Q3 24 | $83.7M | $150.5M | ||
| Q2 24 | $89.2M | $160.1M | ||
| Q1 24 | $70.5M | $110.6M |
净利润FTHMSWIM
| Q4 25 | $-6.7M | $-7.0M | ||
| Q3 25 | $-4.4M | $8.1M | ||
| Q2 25 | $-3.6M | $16.0M | ||
| Q1 25 | $-5.6M | $-6.0M | ||
| Q4 24 | $-6.2M | $-29.2M | ||
| Q3 24 | $-8.1M | $5.9M | ||
| Q2 24 | $-1.3M | $13.3M | ||
| Q1 24 | $-5.9M | $-7.9M |
毛利率FTHMSWIM
| Q4 25 | — | 28.0% | ||
| Q3 25 | — | 35.4% | ||
| Q2 25 | — | 37.1% | ||
| Q1 25 | — | 29.5% | ||
| Q4 24 | — | 24.6% | ||
| Q3 24 | — | 32.4% | ||
| Q2 24 | — | 33.1% | ||
| Q1 24 | — | 27.7% |
营业利润率FTHMSWIM
| Q4 25 | -5.2% | -10.7% | ||
| Q3 25 | -3.5% | 13.3% | ||
| Q2 25 | -2.0% | 14.3% | ||
| Q1 25 | -4.8% | -4.4% | ||
| Q4 24 | -7.0% | -14.9% | ||
| Q3 24 | -9.3% | 8.9% | ||
| Q2 24 | -4.1% | 12.5% | ||
| Q1 24 | -8.0% | -1.9% |
净利率FTHMSWIM
| Q4 25 | -7.4% | -7.0% | ||
| Q3 25 | -3.8% | 5.0% | ||
| Q2 25 | -3.0% | 9.3% | ||
| Q1 25 | -6.1% | -5.4% | ||
| Q4 24 | -6.8% | -33.4% | ||
| Q3 24 | -9.7% | 3.9% | ||
| Q2 24 | -1.5% | 8.3% | ||
| Q1 24 | -8.4% | -7.1% |
每股收益（稀释后）FTHMSWIM
| Q4 25 | $-0.20 | $-0.06 | ||
| Q3 25 | $-0.15 | $0.07 | ||
| Q2 25 | $-0.13 | $0.13 | ||
| Q1 25 | $-0.24 | $-0.05 | ||
| Q4 24 | $-0.29 | $-0.24 | ||
| Q3 24 | $-0.40 | $0.05 | ||
| Q2 24 | $-0.07 | $0.11 | ||
| Q1 24 | $-0.31 | $-0.07 |
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 | $279.8M |
| 股东权益账面价值 | $37.4M | $405.9M |
| 总资产 | $78.0M | $823.2M |
| 负债/权益比越低杠杆越低 | 0.15× | 0.69× |
8季度趋势，按日历期对齐
现金及短期投资FTHMSWIM
| Q4 25 | $5.8M | — | ||
| Q3 25 | $9.8M | — | ||
| Q2 25 | $4.9M | — | ||
| Q1 25 | $8.0M | — | ||
| Q4 24 | $7.1M | — | ||
| Q3 24 | $13.1M | — | ||
| Q2 24 | $10.4M | — | ||
| Q1 24 | $5.7M | — |
总债务FTHMSWIM
| Q4 25 | $5.6M | $279.8M | ||
| Q3 25 | $5.1M | $281.1M | ||
| Q2 25 | $5.1M | $281.5M | ||
| Q1 25 | $5.1M | $306.9M | ||
| Q4 24 | $9.5M | $281.5M | ||
| Q3 24 | $8.8M | $282.8M | ||
| Q2 24 | $3.6M | $282.4M | ||
| Q1 24 | $3.7M | $282.8M |
股东权益FTHMSWIM
| Q4 25 | $37.4M | $405.9M | ||
| Q3 25 | $43.4M | $408.4M | ||
| Q2 25 | $40.7M | $398.4M | ||
| Q1 25 | $43.4M | $381.1M | ||
| Q4 24 | $44.7M | $387.2M | ||
| Q3 24 | $47.1M | $416.6M | ||
| Q2 24 | $53.1M | $408.1M | ||
| Q1 24 | $51.9M | $391.8M |
总资产FTHMSWIM
| Q4 25 | $78.0M | $823.2M | ||
| Q3 25 | $83.2M | $844.4M | ||
| Q2 25 | $80.4M | $822.1M | ||
| Q1 25 | $81.0M | $824.6M | ||
| Q4 24 | $75.4M | $794.2M | ||
| Q3 24 | $80.9M | $853.4M | ||
| Q2 24 | $80.2M | $830.0M | ||
| Q1 24 | $78.2M | $808.6M |
负债/权益比FTHMSWIM
| Q4 25 | 0.15× | 0.69× | ||
| Q3 25 | 0.12× | 0.69× | ||
| Q2 25 | 0.12× | 0.71× | ||
| Q1 25 | 0.12× | 0.81× | ||
| Q4 24 | 0.21× | 0.73× | ||
| Q3 24 | 0.19× | 0.68× | ||
| Q2 24 | 0.07× | 0.69× | ||
| Q1 24 | 0.07× | 0.72× |
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 | $23.3M |
| 自由现金流经营现金流 - 资本支出 | $-20.7M | $14.1M |
| 自由现金流率自由现金流/营收 | -22.8% | 14.1% |
| 资本支出强度资本支出/营收 | 0.1% | 9.2% |
| 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 | $38.0M |
8季度趋势，按日历期对齐
经营现金流FTHMSWIM
| Q4 25 | $-20.5M | $23.3M | ||
| Q3 25 | $3.0M | $51.0M | ||
| Q2 25 | $-5.9M | $36.0M | ||
| Q1 25 | $-5.7M | $-46.9M | ||
| Q4 24 | $-4.7M | $6.2M | ||
| Q3 24 | $-330.0K | $37.2M | ||
| Q2 24 | $-3.1M | $52.4M | ||
| Q1 24 | $-947.0K | $-34.5M |
自由现金流FTHMSWIM
| Q4 25 | $-20.7M | $14.1M | ||
| Q3 25 | $3.0M | $45.2M | ||
| Q2 25 | $-6.0M | $29.1M | ||
| Q1 25 | $-5.8M | $-50.3M | ||
| Q4 24 | $-4.7M | $-98.0K | ||
| Q3 24 | $-364.0K | $33.2M | ||
| Q2 24 | $-3.1M | $47.9M | ||
| Q1 24 | $-948.0K | $-39.9M |
自由现金流率FTHMSWIM
| Q4 25 | -22.8% | 14.1% | ||
| Q3 25 | 2.6% | 27.9% | ||
| Q2 25 | -4.9% | 16.8% | ||
| Q1 25 | -6.2% | -45.2% | ||
| Q4 24 | -5.2% | -0.1% | ||
| Q3 24 | -0.4% | 22.1% | ||
| Q2 24 | -3.5% | 29.9% | ||
| Q1 24 | -1.3% | -36.0% |
资本支出强度FTHMSWIM
| Q4 25 | 0.1% | 9.2% | ||
| Q3 25 | 0.0% | 3.6% | ||
| Q2 25 | 0.0% | 4.0% | ||
| Q1 25 | 0.0% | 3.1% | ||
| Q4 24 | 0.1% | 7.2% | ||
| Q3 24 | 0.0% | 2.7% | ||
| Q2 24 | 0.0% | 2.8% | ||
| Q1 24 | 0.0% | 4.8% |
现金转化率FTHMSWIM
| Q4 25 | — | — | ||
| Q3 25 | — | 6.29× | ||
| Q2 25 | — | 2.25× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 6.32× | ||
| Q2 24 | — | 3.95× | ||
| 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% |
SWIM
| In Ground Swimming Pools | $50.2M | 50% |
| Covers | $37.0M | 37% |
| Liners | $12.7M | 13% |
