vs
合众银行（HBCP）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.的季度营收约是合众银行的1.9倍（$71.1M vs $38.2M），合众银行净利率更高（29.7% vs 2.0%，领先27.7%），过去两年合众银行的营收复合增速更高（7.4% vs -4.7%）
该企业是总部位于美国明尼苏达州明尼阿波利斯、在特拉华州注册的跨国银行机构，截至2025年为美国第五大银行，也是美国中西部规模最大的银行，被金融稳定委员会认定为具有系统重要性的银行，主营银行、投资、抵押贷款等各类金融业务。
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。
HBCP vs RMAX — 直观对比
营收规模更大
RMAX
是对方的1.9倍
$38.2M
净利率更高
HBCP
高出27.7%
2.0%
两年增速更快
HBCP
近两年复合增速
-4.7%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $38.2M | $71.1M |
| 净利润 | $11.4M | $1.4M |
| 毛利率 | — | — |
| 营业利润率 | — | 13.1% |
| 净利率 | 29.7% | 2.0% |
| 营收同比 | — | -1.8% |
| 净利润同比 | — | -75.2% |
| 每股收益（稀释后） | $1.45 | — |
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HBCPRMAX
| Q1 26 | $38.2M | — | ||
| Q4 25 | $38.0M | $71.1M | ||
| Q3 25 | $37.8M | $73.2M | ||
| Q2 25 | $37.1M | $72.8M | ||
| Q1 25 | $35.8M | $74.5M | ||
| Q4 24 | $35.2M | $72.5M | ||
| Q3 24 | $34.1M | $78.5M | ||
| Q2 24 | $33.1M | $78.5M |
净利润HBCPRMAX
| Q1 26 | $11.4M | — | ||
| Q4 25 | $11.4M | $1.4M | ||
| Q3 25 | $12.4M | $4.0M | ||
| Q2 25 | $11.3M | $4.7M | ||
| Q1 25 | $11.0M | $-2.0M | ||
| Q4 24 | $9.7M | $5.8M | ||
| Q3 24 | $9.4M | $966.0K | ||
| Q2 24 | $8.1M | $3.7M |
营业利润率HBCPRMAX
| Q1 26 | — | — | ||
| Q4 25 | 38.2% | 13.1% | ||
| Q3 25 | 41.1% | 25.0% | ||
| Q2 25 | 38.2% | 19.3% | ||
| Q1 25 | 38.6% | 7.2% | ||
| Q4 24 | 34.0% | 5.9% | ||
| Q3 24 | 34.3% | 19.4% | ||
| Q2 24 | 30.4% | 20.6% |
净利率HBCPRMAX
| Q1 26 | 29.7% | — | ||
| Q4 25 | 30.0% | 2.0% | ||
| Q3 25 | 32.7% | 5.4% | ||
| Q2 25 | 30.6% | 6.4% | ||
| Q1 25 | 30.7% | -2.6% | ||
| Q4 24 | 27.5% | 8.0% | ||
| Q3 24 | 27.7% | 1.2% | ||
| Q2 24 | 24.5% | 4.7% |
每股收益（稀释后）HBCPRMAX
| Q1 26 | $1.45 | — | ||
| Q4 25 | $1.46 | — | ||
| Q3 25 | $1.59 | — | ||
| Q2 25 | $1.45 | — | ||
| Q1 25 | $1.37 | — | ||
| Q4 24 | $1.21 | — | ||
| Q3 24 | $1.18 | — | ||
| Q2 24 | $1.02 | — |
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 | $223.5M | $118.7M |
| 总债务越低越好 | — | $432.2M |
| 股东权益账面价值 | $444.4M | $452.4M |
| 总资产 | $3.6B | $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HBCPRMAX
| Q1 26 | $223.5M | — | ||
| 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 |
总债务HBCPRMAX
| Q1 26 | — | — | ||
| 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 |
股东权益HBCPRMAX
| Q1 26 | $444.4M | — | ||
| Q4 25 | $435.1M | $452.4M | ||
| Q3 25 | $423.0M | $448.1M | ||
| Q2 25 | $408.8M | $442.4M | ||
| Q1 25 | $402.8M | $433.5M | ||
| Q4 24 | $396.1M | $429.5M | ||
| Q3 24 | $393.5M | $423.1M | ||
| Q2 24 | $375.8M | $418.4M |
总资产HBCPRMAX
| Q1 26 | $3.6B | — | ||
| Q4 25 | $3.5B | $582.5M | ||
| Q3 25 | $3.5B | $582.2M | ||
| Q2 25 | $3.5B | $574.8M | ||
| Q1 25 | $3.5B | $571.4M | ||
| Q4 24 | $3.4B | $581.6M | ||
| Q3 24 | $3.4B | $578.6M | ||
| Q2 24 | $3.4B | $571.4M |
负债/权益比HBCPRMAX
| Q1 26 | — | — | ||
| 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× |
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HBCPRMAX
| Q1 26 | — | — | ||
| Q4 25 | $54.5M | $40.9M | ||
| Q3 25 | $21.5M | $17.7M | ||
| Q2 25 | $8.7M | $4.6M | ||
| Q1 25 | $12.6M | $5.7M | ||
| Q4 24 | $48.7M | $59.7M | ||
| Q3 24 | $17.6M | $17.6M | ||
| Q2 24 | $15.0M | $15.9M |
自由现金流HBCPRMAX
| Q1 26 | — | — | ||
| Q4 25 | $44.3M | $33.5M | ||
| Q3 25 | $20.7M | $16.4M | ||
| Q2 25 | $7.9M | $2.9M | ||
| Q1 25 | $8.7M | $4.0M | ||
| Q4 24 | $44.7M | $53.0M | ||
| Q3 24 | $17.0M | $16.3M | ||
| Q2 24 | $13.4M | $14.0M |
自由现金流率HBCPRMAX
| Q1 26 | — | — | ||
| Q4 25 | 116.5% | 47.1% | ||
| Q3 25 | 54.6% | 22.4% | ||
| Q2 25 | 21.3% | 4.0% | ||
| Q1 25 | 24.3% | 5.3% | ||
| Q4 24 | 126.9% | 73.2% | ||
| Q3 24 | 49.8% | 20.8% | ||
| Q2 24 | 40.3% | 17.8% |
资本支出强度HBCPRMAX
| Q1 26 | — | — | ||
| Q4 25 | 26.7% | 10.4% | ||
| Q3 25 | 2.2% | 1.8% | ||
| Q2 25 | 2.3% | 2.2% | ||
| Q1 25 | 10.8% | 2.3% | ||
| Q4 24 | 11.5% | 9.1% | ||
| Q3 24 | 1.9% | 1.7% | ||
| Q2 24 | 4.9% | 2.4% |
现金转化率HBCPRMAX
| Q1 26 | — | — | ||
| Q4 25 | 4.78× | 28.39× | ||
| Q3 25 | 1.74× | 4.45× | ||
| Q2 25 | 0.77× | 0.97× | ||
| Q1 25 | 1.15× | — | ||
| Q4 24 | 5.04× | 10.28× | ||
| Q3 24 | 1.87× | 18.22× | ||
| Q2 24 | 1.84× | 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
HBCP
| Net Interest Income | $34.5M | 90% |
| Noninterest Income | $3.7M | 10% |
RMAX
| Franchising Segment | $50.1M | 70% |
| Broker Fees | $13.9M | 20% |
| Annual Dues | $7.4M | 10% |
