vs
Golden Matrix Group, Inc.（GMGI）与RE/MAX Holdings, Inc.（RMAX）财务数据对比。点击上方公司名可切换其他公司
RE/MAX Holdings, Inc.的季度营收约是Golden Matrix Group, Inc.的1.4倍（$71.1M vs $49.6M），RE/MAX Holdings, Inc.净利率更高（2.0% vs -179.0%，领先181.0%），RE/MAX Holdings, Inc.同比增速更快（-1.8% vs -15.8%），RE/MAX Holdings, Inc.自由现金流更多（$33.5M vs $6.4M），过去两年Golden Matrix Group, Inc.的营收复合增速更高（104.6% vs -4.7%）
Golden Matrix Group Inc.是一家全球化游戏科技企业，开发并授权专属线上游戏平台、社交棋牌产品及互动游戏解决方案，服务覆盖北美、欧洲、亚太地区的B2B客户，同时运营面向普通用户的休闲游戏产品。
RE/MAX是全球知名的房地产特许经营机构，业务遍布全球一百多个国家和地区，旗下拥有数千家门店，总计超过十万名房产经纪人，在国际房产中介领域拥有极高的品牌知名度与市场影响力。
GMGI vs RMAX — 直观对比
营收规模更大
RMAX
是对方的1.4倍
$49.6M
营收增速更快
RMAX
高出13.9%
-15.8%
净利率更高
RMAX
高出181.0%
-179.0%
自由现金流更多
RMAX
多$27.1M
$6.4M
两年增速更快
GMGI
近两年复合增速
-4.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $49.6M | $71.1M |
| 净利润 | $-88.7M | $1.4M |
| 毛利率 | 57.5% | — |
| 营业利润率 | -188.3% | 13.1% |
| 净利率 | -179.0% | 2.0% |
| 营收同比 | -15.8% | -1.8% |
| 净利润同比 | -4880.1% | -75.2% |
| 每股收益（稀释后） | $-7.73 | — |
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GMGIRMAX
| Q4 25 | $49.6M | $71.1M | ||
| Q3 25 | $47.3M | $73.2M | ||
| Q2 25 | $43.2M | $72.8M | ||
| Q1 25 | $42.7M | $74.5M | ||
| Q4 24 | $58.9M | $72.5M | ||
| Q3 24 | $41.0M | $78.5M | ||
| Q2 24 | $39.4M | $78.5M | ||
| Q1 24 | $11.8M | $78.3M |
净利润GMGIRMAX
| Q4 25 | $-88.7M | $1.4M | ||
| Q3 25 | $566.0K | $4.0M | ||
| Q2 25 | $-3.6M | $4.7M | ||
| Q1 25 | $-231.6K | $-2.0M | ||
| Q4 24 | $1.9M | $5.8M | ||
| Q3 24 | $-3.4M | $966.0K | ||
| Q2 24 | $64.9K | $3.7M | ||
| Q1 24 | $74.5K | $-3.4M |
毛利率GMGIRMAX
| Q4 25 | 57.5% | — | ||
| Q3 25 | 55.8% | — | ||
| Q2 25 | 56.4% | — | ||
| Q1 25 | 56.6% | — | ||
| Q4 24 | 69.8% | — | ||
| Q3 24 | 54.7% | — | ||
| Q2 24 | 55.0% | — | ||
| Q1 24 | 28.5% | — |
营业利润率GMGIRMAX
| Q4 25 | -188.3% | 13.1% | ||
| Q3 25 | -0.8% | 25.0% | ||
| Q2 25 | -5.3% | 19.3% | ||
| Q1 25 | -0.2% | 7.2% | ||
| Q4 24 | 5.6% | 5.9% | ||
| Q3 24 | -2.4% | 19.4% | ||
| Q2 24 | 0.3% | 20.6% | ||
| Q1 24 | 2.4% | 5.8% |
净利率GMGIRMAX
| Q4 25 | -179.0% | 2.0% | ||
| Q3 25 | 1.2% | 5.4% | ||
| Q2 25 | -8.3% | 6.4% | ||
| Q1 25 | -0.5% | -2.6% | ||
| Q4 24 | 3.2% | 8.0% | ||
| Q3 24 | -8.3% | 1.2% | ||
| Q2 24 | 0.2% | 4.7% | ||
| Q1 24 | 0.6% | -4.3% |
每股收益（稀释后）GMGIRMAX
| Q4 25 | $-7.73 | — | ||
| Q3 25 | $0.00 | — | ||
| Q2 25 | $-0.03 | — | ||
| Q1 25 | $0.00 | — | ||
| Q4 24 | $-0.13 | — | ||
| Q3 24 | $-0.03 | — | ||
| Q2 24 | $0.00 | — | ||
| Q1 24 | $0.00 | — |
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 | — | $118.7M |
| 总债务越低越好 | — | $432.2M |
| 股东权益账面价值 | $46.5M | $452.4M |
| 总资产 | $118.1M | $582.5M |
| 负债/权益比越低杠杆越低 | — | 0.96× |
8季度趋势，按日历期对齐
现金及短期投资GMGIRMAX
| Q4 25 | — | $118.7M | ||
| Q3 25 | — | $107.5M | ||
| Q2 25 | — | $94.3M | ||
| Q1 25 | — | $89.1M | ||
| Q4 24 | — | $96.6M | ||
| Q3 24 | — | $83.8M | ||
| Q2 24 | — | $66.1M | ||
| Q1 24 | — | $82.1M |
总债务GMGIRMAX
| Q4 25 | — | $432.2M | ||
| Q3 25 | — | $433.3M | ||
| Q2 25 | — | $434.4M | ||
| Q1 25 | — | $435.3M | ||
| Q4 24 | — | $436.2M | ||
| Q3 24 | — | $437.2M | ||
| Q2 24 | — | $438.1M | ||
| Q1 24 | — | $439.0M |
股东权益GMGIRMAX
| Q4 25 | $46.5M | $452.4M | ||
| Q3 25 | $123.5M | $448.1M | ||
| Q2 25 | $121.3M | $442.4M | ||
| Q1 25 | $108.5M | $433.5M | ||
| Q4 24 | $105.1M | $429.5M | ||
| Q3 24 | $94.3M | $423.1M | ||
| Q2 24 | $90.4M | $418.4M | ||
| Q1 24 | $32.1M | $412.0M |
总资产GMGIRMAX
| Q4 25 | $118.1M | $582.5M | ||
| Q3 25 | $209.8M | $582.2M | ||
| Q2 25 | $210.3M | $574.8M | ||
| Q1 25 | $214.0M | $571.4M | ||
| Q4 24 | $213.7M | $581.6M | ||
| Q3 24 | $213.5M | $578.6M | ||
| Q2 24 | $191.5M | $571.4M | ||
| Q1 24 | $37.1M | $566.7M |
负债/权益比GMGIRMAX
| Q4 25 | — | 0.96× | ||
| Q3 25 | — | 0.97× | ||
| Q2 25 | — | 0.98× | ||
| Q1 25 | — | 1.00× | ||
| Q4 24 | — | 1.02× | ||
| Q3 24 | — | 1.03× | ||
| Q2 24 | — | 1.05× | ||
| Q1 24 | — | 1.07× |
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 | $8.2M | $40.9M |
| 自由现金流经营现金流 - 资本支出 | $6.4M | $33.5M |
| 自由现金流率自由现金流/营收 | 13.0% | 47.1% |
| 资本支出强度资本支出/营收 | 3.6% | 10.4% |
| 现金转化率经营现金流/净利润 | — | 28.39× |
| 过去12个月自由现金流最近4个季度 | $19.2M | $56.8M |
8季度趋势，按日历期对齐
经营现金流GMGIRMAX
| Q4 25 | $8.2M | $40.9M | ||
| Q3 25 | $7.0M | $17.7M | ||
| Q2 25 | $2.4M | $4.6M | ||
| Q1 25 | $7.7M | $5.7M | ||
| Q4 24 | — | $59.7M | ||
| Q3 24 | $4.8M | $17.6M | ||
| Q2 24 | — | $15.9M | ||
| Q1 24 | $8.2K | $9.4M |
自由现金流GMGIRMAX
| Q4 25 | $6.4M | $33.5M | ||
| Q3 25 | $6.2M | $16.4M | ||
| Q2 25 | $-89.4K | $2.9M | ||
| Q1 25 | $6.6M | $4.0M | ||
| Q4 24 | — | $53.0M | ||
| Q3 24 | $2.3M | $16.3M | ||
| Q2 24 | — | $14.0M | ||
| Q1 24 | $6.7K | $6.8M |
自由现金流率GMGIRMAX
| Q4 25 | 13.0% | 47.1% | ||
| Q3 25 | 13.1% | 22.4% | ||
| Q2 25 | -0.2% | 4.0% | ||
| Q1 25 | 15.5% | 5.3% | ||
| Q4 24 | — | 73.2% | ||
| Q3 24 | 5.6% | 20.8% | ||
| Q2 24 | — | 17.8% | ||
| Q1 24 | 0.1% | 8.6% |
资本支出强度GMGIRMAX
| Q4 25 | 3.6% | 10.4% | ||
| Q3 25 | 1.8% | 1.8% | ||
| Q2 25 | 5.7% | 2.2% | ||
| Q1 25 | 2.6% | 2.3% | ||
| Q4 24 | — | 9.1% | ||
| Q3 24 | 6.0% | 1.7% | ||
| Q2 24 | — | 2.4% | ||
| Q1 24 | 0.0% | 3.3% |
现金转化率GMGIRMAX
| Q4 25 | — | 28.39× | ||
| Q3 25 | 12.42× | 4.45× | ||
| Q2 25 | — | 0.97× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 10.28× | ||
| Q3 24 | — | 18.22× | ||
| Q2 24 | — | 4.29× | ||
| Q1 24 | 0.11× | — |
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
GMGI
| R Kings And CFAC | $43.8M | 88% |
| Other | $5.8M | 12% |
RMAX
| Franchising Segment | $50.1M | 70% |
| Broker Fees | $13.9M | 20% |
| Annual Dues | $7.4M | 10% |
