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HUDSON TECHNOLOGIES INC（HDSN）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HUDSON TECHNOLOGIES INC的1.6倍（$71.1M vs $44.4M），RE/MAX Holdings, Inc.净利率更高（2.0% vs -19.4%，领先21.5%），HUDSON TECHNOLOGIES INC同比增速更快（28.2% vs -1.8%），RE/MAX Holdings, Inc.自由现金流更多（$33.5M vs $-33.7M），过去两年RE/MAX Holdings, Inc.的营收复合增速更高（-4.7% vs -17.5%）
哈德逊科技是总部位于美国的可持续制冷剂解决方案供应商，提供原生及回收再生制冷剂、制冷剂回收处理和合规支持服务，主要服务北美市场，核心客户覆盖暖通空调、商用制冷和工业冷却领域，助力客户向低全球变暖潜能值制冷剂转型。
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。
HDSN vs RMAX — 直观对比
营收规模更大
RMAX
是对方的1.6倍
$44.4M
营收增速更快
HDSN
高出30.0%
-1.8%
净利率更高
RMAX
高出21.5%
-19.4%
自由现金流更多
RMAX
多$67.2M
$-33.7M
两年增速更快
RMAX
近两年复合增速
-17.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $44.4M | $71.1M |
| 净利润 | $-8.6M | $1.4M |
| 毛利率 | 8.0% | — |
| 营业利润率 | -25.2% | 13.1% |
| 净利率 | -19.4% | 2.0% |
| 营收同比 | 28.2% | -1.8% |
| 净利润同比 | -236.6% | -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HDSNRMAX
| Q4 25 | $44.4M | $71.1M | ||
| Q3 25 | $74.0M | $73.2M | ||
| Q2 25 | $72.8M | $72.8M | ||
| Q1 25 | $55.3M | $74.5M | ||
| Q4 24 | $34.6M | $72.5M | ||
| Q3 24 | $61.9M | $78.5M | ||
| Q2 24 | $75.3M | $78.5M | ||
| Q1 24 | $65.3M | $78.3M |
净利润HDSNRMAX
| Q4 25 | $-8.6M | $1.4M | ||
| Q3 25 | $12.4M | $4.0M | ||
| Q2 25 | $10.2M | $4.7M | ||
| Q1 25 | $2.8M | $-2.0M | ||
| Q4 24 | $-2.6M | $5.8M | ||
| Q3 24 | $7.8M | $966.0K | ||
| Q2 24 | $9.6M | $3.7M | ||
| Q1 24 | $9.6M | $-3.4M |
毛利率HDSNRMAX
| Q4 25 | 8.0% | — | ||
| Q3 25 | 32.0% | — | ||
| Q2 25 | 31.3% | — | ||
| Q1 25 | 21.8% | — | ||
| Q4 24 | 16.7% | — | ||
| Q3 24 | 25.7% | — | ||
| Q2 24 | 30.0% | — | ||
| Q1 24 | 32.8% | — |
营业利润率HDSNRMAX
| Q4 25 | -25.2% | 13.1% | ||
| Q3 25 | 18.9% | 25.0% | ||
| Q2 25 | 17.5% | 19.3% | ||
| Q1 25 | 5.6% | 7.2% | ||
| Q4 24 | -9.4% | 5.9% | ||
| Q3 24 | 11.3% | 19.4% | ||
| Q2 24 | 17.0% | 20.6% | ||
| Q1 24 | 19.6% | 5.8% |
净利率HDSNRMAX
| Q4 25 | -19.4% | 2.0% | ||
| Q3 25 | 16.7% | 5.4% | ||
| Q2 25 | 14.0% | 6.4% | ||
| Q1 25 | 5.0% | -2.6% | ||
| Q4 24 | -7.4% | 8.0% | ||
| Q3 24 | 12.6% | 1.2% | ||
| Q2 24 | 12.7% | 4.7% | ||
| Q1 24 | 14.7% | -4.3% |
每股收益（稀释后）HDSNRMAX
| Q4 25 | $-0.19 | — | ||
| Q3 25 | $0.27 | — | ||
| Q2 25 | $0.23 | — | ||
| Q1 25 | $0.06 | — | ||
| Q4 24 | $-0.05 | — | ||
| Q3 24 | $0.17 | — | ||
| Q2 24 | $0.20 | — | ||
| Q1 24 | $0.20 | — |
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 | $39.5M | $118.7M |
| 总债务越低越好 | — | $432.2M |
| 股东权益账面价值 | $243.4M | $452.4M |
| 总资产 | $318.6M | $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HDSNRMAX
| Q4 25 | $39.5M | $118.7M | ||
| Q3 25 | $89.7M | $107.5M | ||
| Q2 25 | $84.3M | $94.3M | ||
| Q1 25 | $81.0M | $89.1M | ||
| Q4 24 | $70.1M | $96.6M | ||
| Q3 24 | $56.5M | $83.8M | ||
| Q2 24 | $30.5M | $66.1M | ||
| Q1 24 | $10.6M | $82.1M |
总债务HDSNRMAX
| 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HDSNRMAX
| Q4 25 | $243.4M | $452.4M | ||
| Q3 25 | $265.9M | $448.1M | ||
| Q2 25 | $254.8M | $442.4M | ||
| Q1 25 | $246.8M | $433.5M | ||
| Q4 24 | $245.8M | $429.5M | ||
| Q3 24 | $253.9M | $423.1M | ||
| Q2 24 | $248.7M | $418.4M | ||
| Q1 24 | $238.6M | $412.0M |
总资产HDSNRMAX
| Q4 25 | $318.6M | $582.5M | ||
| Q3 25 | $338.9M | $582.2M | ||
| Q2 25 | $317.9M | $574.8M | ||
| Q1 25 | $307.9M | $571.4M | ||
| Q4 24 | $302.7M | $581.6M | ||
| Q3 24 | $309.4M | $578.6M | ||
| Q2 24 | $300.9M | $571.4M | ||
| Q1 24 | $294.2M | $566.7M |
负债/权益比HDSNRMAX
| 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 | $-32.5M | $40.9M |
| 自由现金流经营现金流 - 资本支出 | $-33.7M | $33.5M |
| 自由现金流率自由现金流/营收 | -75.8% | 47.1% |
| 资本支出强度资本支出/营收 | 2.5% | 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 | $-8.2M | $56.8M |
8季度趋势，按日历期对齐
经营现金流HDSNRMAX
| Q4 25 | $-32.5M | $40.9M | ||
| Q3 25 | $8.8M | $17.7M | ||
| Q2 25 | $6.4M | $4.6M | ||
| Q1 25 | $14.2M | $5.7M | ||
| Q4 24 | $20.7M | $59.7M | ||
| Q3 24 | $30.3M | $17.6M | ||
| Q2 24 | $41.8M | $15.9M | ||
| Q1 24 | $-933.0K | $9.4M |
自由现金流HDSNRMAX
| Q4 25 | $-33.7M | $33.5M | ||
| Q3 25 | $6.7M | $16.4M | ||
| Q2 25 | $5.9M | $2.9M | ||
| Q1 25 | $12.7M | $4.0M | ||
| Q4 24 | $19.2M | $53.0M | ||
| Q3 24 | $28.6M | $16.3M | ||
| Q2 24 | $40.6M | $14.0M | ||
| Q1 24 | $-1.9M | $6.8M |
自由现金流率HDSNRMAX
| Q4 25 | -75.8% | 47.1% | ||
| Q3 25 | 9.1% | 22.4% | ||
| Q2 25 | 8.2% | 4.0% | ||
| Q1 25 | 23.0% | 5.3% | ||
| Q4 24 | 55.3% | 73.2% | ||
| Q3 24 | 46.2% | 20.8% | ||
| Q2 24 | 54.0% | 17.8% | ||
| Q1 24 | -2.9% | 8.6% |
资本支出强度HDSNRMAX
| Q4 25 | 2.5% | 10.4% | ||
| Q3 25 | 2.8% | 1.8% | ||
| Q2 25 | 0.6% | 2.2% | ||
| Q1 25 | 2.5% | 2.3% | ||
| Q4 24 | 4.5% | 9.1% | ||
| Q3 24 | 2.7% | 1.7% | ||
| Q2 24 | 1.5% | 2.4% | ||
| Q1 24 | 1.5% | 3.3% |
现金转化率HDSNRMAX
| Q4 25 | — | 28.39× | ||
| Q3 25 | 0.71× | 4.45× | ||
| Q2 25 | 0.63× | 0.97× | ||
| Q1 25 | 5.13× | — | ||
| Q4 24 | — | 10.28× | ||
| Q3 24 | 3.88× | 18.22× | ||
| Q2 24 | 4.36× | 4.29× | ||
| Q1 24 | -0.10× | — |
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
HDSN
| Products | $43.1M | 97% |
| Services | $1.3M | 3% |
RMAX
| Franchising Segment | $50.1M | 70% |
| Broker Fees | $13.9M | 20% |
| Annual Dues | $7.4M | 10% |
