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Goosehead Insurance, Inc.（GSHD）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
Goosehead Insurance, Inc.的季度营收约是RE/MAX Holdings, Inc.的1.3倍（$93.1M vs $71.1M），Goosehead Insurance, Inc.净利率更高（8.6% vs 2.0%，领先6.6%），Goosehead Insurance, Inc.同比增速更快（23.1% vs -1.8%），过去两年Goosehead Insurance, Inc.的营收复合增速更高（9.2% vs -4.7%）
Goosehead Insurance是一家总部位于美国的个人保险代理机构，提供汽车、房屋、租客、洪水等多类保险产品，与数百家保险商合作，为客户定制高性价比的保障方案，同时通过自营网点和全国特许加盟网络开展业务。
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。
GSHD vs RMAX — 直观对比
营收规模更大
GSHD
是对方的1.3倍
$71.1M
营收增速更快
GSHD
高出25.0%
-1.8%
净利率更高
GSHD
高出6.6%
2.0%
两年增速更快
GSHD
近两年复合增速
-4.7%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $93.1M | $71.1M |
| 净利润 | $8.0M | $1.4M |
| 毛利率 | — | — |
| 营业利润率 | 16.1% | 13.1% |
| 净利率 | 8.6% | 2.0% |
| 营收同比 | 23.1% | -1.8% |
| 净利润同比 | 204.0% | -75.2% |
| 每股收益（稀释后） | $0.19 | — |
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GSHDRMAX
| Q1 26 | $93.1M | — | ||
| Q4 25 | $105.3M | $71.1M | ||
| Q3 25 | $90.4M | $73.2M | ||
| Q2 25 | $94.0M | $72.8M | ||
| Q1 25 | $75.6M | $74.5M | ||
| Q4 24 | $93.9M | $72.5M | ||
| Q3 24 | $78.0M | $78.5M | ||
| Q2 24 | $78.1M | $78.5M |
净利润GSHDRMAX
| Q1 26 | $8.0M | — | ||
| Q4 25 | $12.4M | $1.4M | ||
| Q3 25 | $7.9M | $4.0M | ||
| Q2 25 | $5.2M | $4.7M | ||
| Q1 25 | $2.3M | $-2.0M | ||
| Q4 24 | $14.9M | $5.8M | ||
| Q3 24 | $7.6M | $966.0K | ||
| Q2 24 | $6.2M | $3.7M |
营业利润率GSHDRMAX
| Q1 26 | 16.1% | — | ||
| Q4 25 | 29.4% | 13.1% | ||
| Q3 25 | 23.5% | 25.0% | ||
| Q2 25 | 16.7% | 19.3% | ||
| Q1 25 | 8.8% | 7.2% | ||
| Q4 24 | 29.7% | 5.9% | ||
| Q3 24 | 21.1% | 19.4% | ||
| Q2 24 | 19.7% | 20.6% |
净利率GSHDRMAX
| Q1 26 | 8.6% | — | ||
| Q4 25 | 11.8% | 2.0% | ||
| Q3 25 | 8.7% | 5.4% | ||
| Q2 25 | 5.5% | 6.4% | ||
| Q1 25 | 3.1% | -2.6% | ||
| Q4 24 | 15.8% | 8.0% | ||
| Q3 24 | 9.7% | 1.2% | ||
| Q2 24 | 7.9% | 4.7% |
每股收益（稀释后）GSHDRMAX
| Q1 26 | $0.19 | — | ||
| Q4 25 | $0.48 | — | ||
| Q3 25 | $0.29 | — | ||
| Q2 25 | $0.18 | — | ||
| Q1 25 | $0.09 | — | ||
| Q4 24 | $0.58 | — | ||
| Q3 24 | $0.29 | — | ||
| Q2 24 | $0.24 | — |
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 | $25.7M | $118.7M |
| 总债务越低越好 | — | $432.2M |
| 股东权益账面价值 | $-121.3M | $452.4M |
| 总资产 | $392.8M | $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GSHDRMAX
| Q1 26 | $25.7M | — | ||
| Q4 25 | $34.4M | $118.7M | ||
| Q3 25 | $51.6M | $107.5M | ||
| Q2 25 | $92.4M | $94.3M | ||
| Q1 25 | $70.2M | $89.1M | ||
| Q4 24 | $54.3M | $96.6M | ||
| Q3 24 | $47.5M | $83.8M | ||
| Q2 24 | $23.6M | $66.1M |
总债务GSHDRMAX
| Q1 26 | — | — | ||
| Q4 25 | $289.5M | $432.2M | ||
| Q3 25 | $290.0M | $433.3M | ||
| Q2 25 | $289.8M | $434.4M | ||
| Q1 25 | $290.3M | $435.3M | ||
| Q4 24 | $82.3M | $436.2M | ||
| Q3 24 | $84.6M | $437.2M | ||
| Q2 24 | $87.0M | $438.1M |
股东权益GSHDRMAX
| Q1 26 | $-121.3M | — | ||
| Q4 25 | $-95.5M | $452.4M | ||
| Q3 25 | $-105.0M | $448.1M | ||
| Q2 25 | $-78.6M | $442.4M | ||
| Q1 25 | $-88.5M | $433.5M | ||
| Q4 24 | $43.9M | $429.5M | ||
| Q3 24 | $58.3M | $423.1M | ||
| Q2 24 | $39.8M | $418.4M |
总资产GSHDRMAX
| Q1 26 | $392.8M | — | ||
| Q4 25 | $414.9M | $582.5M | ||
| Q3 25 | $403.6M | $582.2M | ||
| Q2 25 | $436.6M | $574.8M | ||
| Q1 25 | $412.6M | $571.4M | ||
| Q4 24 | $397.7M | $581.6M | ||
| Q3 24 | $358.1M | $578.6M | ||
| Q2 24 | $338.2M | $571.4M |
负债/权益比GSHDRMAX
| Q1 26 | — | — | ||
| Q4 25 | — | 0.96× | ||
| Q3 25 | — | 0.97× | ||
| Q2 25 | — | 0.98× | ||
| Q1 25 | — | 1.00× | ||
| Q4 24 | 1.87× | 1.02× | ||
| Q3 24 | 1.45× | 1.03× | ||
| Q2 24 | 2.19× | 1.05× |
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 | — | $40.9M |
| 自由现金流经营现金流 - 资本支出 | — | $33.5M |
| 自由现金流率自由现金流/营收 | — | 47.1% |
| 资本支出强度资本支出/营收 | — | 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 | — | $56.8M |
8季度趋势，按日历期对齐
经营现金流GSHDRMAX
| Q1 26 | — | — | ||
| Q4 25 | $91.8M | $40.9M | ||
| Q3 25 | $24.2M | $17.7M | ||
| Q2 25 | $28.9M | $4.6M | ||
| Q1 25 | $15.5M | $5.7M | ||
| Q4 24 | $71.5M | $59.7M | ||
| Q3 24 | $28.1M | $17.6M | ||
| Q2 24 | $18.9M | $15.9M |
自由现金流GSHDRMAX
| Q1 26 | — | — | ||
| Q4 25 | $86.1M | $33.5M | ||
| Q3 25 | $23.7M | $16.4M | ||
| Q2 25 | $27.2M | $2.9M | ||
| Q1 25 | $14.9M | $4.0M | ||
| Q4 24 | $70.6M | $53.0M | ||
| Q3 24 | $28.0M | $16.3M | ||
| Q2 24 | $18.6M | $14.0M |
自由现金流率GSHDRMAX
| Q1 26 | — | — | ||
| Q4 25 | 81.8% | 47.1% | ||
| Q3 25 | 26.2% | 22.4% | ||
| Q2 25 | 28.9% | 4.0% | ||
| Q1 25 | 19.7% | 5.3% | ||
| Q4 24 | 75.1% | 73.2% | ||
| Q3 24 | 35.9% | 20.8% | ||
| Q2 24 | 23.9% | 17.8% |
资本支出强度GSHDRMAX
| Q1 26 | — | — | ||
| Q4 25 | 5.4% | 10.4% | ||
| Q3 25 | 0.5% | 1.8% | ||
| Q2 25 | 1.8% | 2.2% | ||
| Q1 25 | 0.8% | 2.3% | ||
| Q4 24 | 1.0% | 9.1% | ||
| Q3 24 | 0.1% | 1.7% | ||
| Q2 24 | 0.3% | 2.4% |
现金转化率GSHDRMAX
| Q1 26 | — | — | ||
| Q4 25 | 7.38× | 28.39× | ||
| Q3 25 | 3.06× | 4.45× | ||
| Q2 25 | 5.61× | 0.97× | ||
| Q1 25 | 6.61× | — | ||
| Q4 24 | 4.82× | 10.28× | ||
| Q3 24 | 3.72× | 18.22× | ||
| Q2 24 | 3.05× | 4.29× |
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
GSHD
| Renewal Royalty Fees (2) | $43.6M | 47% |
| Renewal Commissions (1) | $18.2M | 20% |
| Contingent Commissions (1) | $10.7M | 11% |
| New Business Royalty Fees (2) | $7.9M | 8% |
| New Business Commissions (1) | $7.5M | 8% |
| Other | $3.7M | 4% |
| Initial Franchise Fees (2) | $1.6M | 2% |
RMAX
| Franchising Segment | $50.1M | 70% |
| Broker Fees | $13.9M | 20% |
| Annual Dues | $7.4M | 10% |
