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GrowGeneration Corp.（GRWG）与RMR GROUP INC.（RMR）财务数据对比。点击上方公司名可切换其他公司
RMR GROUP INC.的季度营收约是GrowGeneration Corp.的1.8倍（$66.7M vs $37.8M），RMR GROUP INC.净利率更高（18.3% vs -19.6%，领先37.9%），RMR GROUP INC.同比增速更快（40.8% vs 1.0%）
GrowGeneration Corp是美国领先的水培及有机园艺用品专业零售商，主营种植灯、营养液、环境控制系统、栽培工具等全系列产品，通过覆盖全国的实体门店和电商渠道，为商业室内种植从业者（包括合法大麻种植商）及家庭园艺爱好者提供服务。
RMR集团是总部位于美国的另类资产管理企业，核心业务聚焦不动产及相关投资，覆盖商业地产、住宅物业、基础设施等赛道，服务全球核心市场的机构投资者、高净值人士及零售客户。
GRWG vs RMR — 直观对比
营收规模更大
RMR
是对方的1.8倍
$37.8M
营收增速更快
RMR
高出39.7%
1.0%
净利率更高
RMR
高出37.9%
-19.6%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $37.8M | $66.7M |
| 净利润 | $-7.4M | $12.2M |
| 毛利率 | 24.1% | — |
| 营业利润率 | -20.1% | 48.1% |
| 净利率 | -19.6% | 18.3% |
| 营收同比 | 1.0% | 40.8% |
| 净利润同比 | 68.2% | 91.1% |
| 每股收益（稀释后） | $-0.12 | $0.71 |
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GRWGRMR
| Q4 25 | $37.8M | $66.7M | ||
| Q3 25 | $47.3M | — | ||
| Q2 25 | $41.0M | — | ||
| Q1 25 | $35.7M | — | ||
| Q4 24 | $37.4M | — | ||
| Q3 24 | $50.0M | — | ||
| Q2 24 | $53.5M | — | ||
| Q1 24 | $47.9M | — |
净利润GRWGRMR
| Q4 25 | $-7.4M | $12.2M | ||
| Q3 25 | $-2.4M | — | ||
| Q2 25 | $-4.8M | — | ||
| Q1 25 | $-9.4M | — | ||
| Q4 24 | $-23.3M | — | ||
| Q3 24 | $-11.4M | — | ||
| Q2 24 | $-5.9M | — | ||
| Q1 24 | $-8.8M | — |
毛利率GRWGRMR
| Q4 25 | 24.1% | — | ||
| Q3 25 | 27.2% | — | ||
| Q2 25 | 28.3% | — | ||
| Q1 25 | 27.2% | — | ||
| Q4 24 | 16.4% | — | ||
| Q3 24 | 21.6% | — | ||
| Q2 24 | 26.9% | — | ||
| Q1 24 | 25.8% | — |
营业利润率GRWGRMR
| Q4 25 | -20.1% | 48.1% | ||
| Q3 25 | -6.0% | — | ||
| Q2 25 | -12.9% | — | ||
| Q1 25 | -27.7% | — | ||
| Q4 24 | -63.9% | — | ||
| Q3 24 | -24.2% | — | ||
| Q2 24 | -12.2% | — | ||
| Q1 24 | -19.7% | — |
净利率GRWGRMR
| Q4 25 | -19.6% | 18.3% | ||
| Q3 25 | -5.2% | — | ||
| Q2 25 | -11.7% | — | ||
| Q1 25 | -26.3% | — | ||
| Q4 24 | -62.4% | — | ||
| Q3 24 | -22.9% | — | ||
| Q2 24 | -11.0% | — | ||
| Q1 24 | -18.5% | — |
每股收益（稀释后）GRWGRMR
| Q4 25 | $-0.12 | $0.71 | ||
| Q3 25 | $-0.04 | — | ||
| Q2 25 | $-0.08 | — | ||
| Q1 25 | $-0.16 | — | ||
| Q4 24 | $-0.39 | — | ||
| Q3 24 | $-0.19 | — | ||
| Q2 24 | $-0.10 | — | ||
| Q1 24 | $-0.14 | — |
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 | $46.1M | $49.3M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $97.5M | $232.7M |
| 总资产 | $147.0M | $687.1M |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资GRWGRMR
| Q4 25 | $46.1M | $49.3M | ||
| Q3 25 | $48.3M | — | ||
| Q2 25 | $48.7M | — | ||
| Q1 25 | $52.6M | — | ||
| Q4 24 | $56.5M | — | ||
| Q3 24 | $55.2M | — | ||
| Q2 24 | $56.0M | — | ||
| Q1 24 | $61.3M | — |
股东权益GRWGRMR
| Q4 25 | $97.5M | $232.7M | ||
| Q3 25 | $104.7M | — | ||
| Q2 25 | $106.7M | — | ||
| Q1 25 | $111.2M | — | ||
| Q4 24 | $120.1M | — | ||
| Q3 24 | $143.2M | — | ||
| Q2 24 | $155.8M | — | ||
| Q1 24 | $165.3M | — |
总资产GRWGRMR
| Q4 25 | $147.0M | $687.1M | ||
| Q3 25 | $159.6M | — | ||
| Q2 25 | $160.6M | — | ||
| Q1 25 | $164.2M | — | ||
| Q4 24 | $174.4M | — | ||
| Q3 24 | $199.6M | — | ||
| Q2 24 | $219.2M | — | ||
| Q1 24 | $230.4M | — |
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 | $-2.2M | $10.7M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | — | 0.88× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流GRWGRMR
| Q4 25 | $-2.2M | $10.7M | ||
| Q3 25 | $-499.0K | — | ||
| Q2 25 | $-2.9M | — | ||
| Q1 25 | $-3.8M | — | ||
| Q4 24 | $1.1M | — | ||
| Q3 24 | $1.2M | — | ||
| Q2 24 | $-398.0K | — | ||
| Q1 24 | $-3.6M | — |
现金转化率GRWGRMR
| Q4 25 | — | 0.88× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| 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
GRWG
| Consumables | $22.3M | 59% |
| Durables | $9.8M | 26% |
| Commercial Fixture Sales | $5.7M | 15% |
RMR
| Management Service Incentive | $23.6M | 35% |
| Industrial Logistics Properties Trust | $15.1M | 23% |
| Managed Private Real Estate Capital | $11.1M | 17% |
| Office Properties Income Trust | $5.6M | 8% |
| Other Private Entities | $5.3M | 8% |
| RMR Residential | $3.4M | 5% |
| Sonesta International Hotels Corporation | $2.1M | 3% |
| Investment Advisory Management And Administrative Service | $1.2M | 2% |
