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HERITAGE FINANCIAL CORP（HFWA）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HERITAGE FINANCIAL CORP的1.1倍（$71.1M vs $66.3M），HERITAGE FINANCIAL CORP净利率更高（33.5% vs 2.0%，领先31.5%），HERITAGE FINANCIAL CORP同比增速更快（16.3% vs -1.8%），HERITAGE FINANCIAL CORP自由现金流更多（$85.7M vs $33.5M），过去两年HERITAGE FINANCIAL CORP的营收复合增速更高（16.8% vs -4.7%）
总部位于美国华盛顿州的区域性金融控股公司，面向太平洋西北地区的当地社群提供服务，核心业务涵盖商业与零售银行服务，包含存款产品、中小企业贷款、住房抵押贷款、个人信贷及财富管理解决方案，核心客群为中小微企业及个人客户。
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。
HFWA vs RMAX — 直观对比
营收规模更大
RMAX
是对方的1.1倍
$66.3M
营收增速更快
HFWA
高出18.1%
-1.8%
净利率更高
HFWA
高出31.5%
2.0%
自由现金流更多
HFWA
多$52.2M
$33.5M
两年增速更快
HFWA
近两年复合增速
-4.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $66.3M | $71.1M |
| 净利润 | $22.2M | $1.4M |
| 毛利率 | — | — |
| 营业利润率 | 38.7% | 13.1% |
| 净利率 | 33.5% | 2.0% |
| 营收同比 | 16.3% | -1.8% |
| 净利润同比 | 86.4% | -75.2% |
| 每股收益（稀释后） | $0.65 | — |
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HFWARMAX
| Q4 25 | $66.3M | $71.1M | ||
| Q3 25 | $65.7M | $73.2M | ||
| Q2 25 | $56.5M | $72.8M | ||
| Q1 25 | $57.6M | $74.5M | ||
| Q4 24 | $57.1M | $72.5M | ||
| Q3 24 | $54.8M | $78.5M | ||
| Q2 24 | $56.4M | $78.5M | ||
| Q1 24 | $48.6M | $78.3M |
净利润HFWARMAX
| Q4 25 | $22.2M | $1.4M | ||
| Q3 25 | $19.2M | $4.0M | ||
| Q2 25 | $12.2M | $4.7M | ||
| Q1 25 | $13.9M | $-2.0M | ||
| Q4 24 | $11.9M | $5.8M | ||
| Q3 24 | $11.4M | $966.0K | ||
| Q2 24 | $14.2M | $3.7M | ||
| Q1 24 | $5.7M | $-3.4M |
营业利润率HFWARMAX
| Q4 25 | 38.7% | 13.1% | ||
| Q3 25 | 34.0% | 25.0% | ||
| Q2 25 | 25.6% | 19.3% | ||
| Q1 25 | 28.1% | 7.2% | ||
| Q4 24 | 28.6% | 5.9% | ||
| Q3 24 | 23.8% | 19.4% | ||
| Q2 24 | 28.4% | 20.6% | ||
| Q1 24 | 14.1% | 5.8% |
净利率HFWARMAX
| Q4 25 | 33.5% | 2.0% | ||
| Q3 25 | 29.2% | 5.4% | ||
| Q2 25 | 21.6% | 6.4% | ||
| Q1 25 | 24.2% | -2.6% | ||
| Q4 24 | 20.9% | 8.0% | ||
| Q3 24 | 20.8% | 1.2% | ||
| Q2 24 | 25.1% | 4.7% | ||
| Q1 24 | 11.8% | -4.3% |
每股收益（稀释后）HFWARMAX
| Q4 25 | $0.65 | — | ||
| Q3 25 | $0.55 | — | ||
| Q2 25 | $0.36 | — | ||
| Q1 25 | $0.40 | — | ||
| Q4 24 | $0.34 | — | ||
| Q3 24 | $0.33 | — | ||
| Q2 24 | $0.41 | — | ||
| Q1 24 | $0.16 | — |
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 | $233.1M | $118.7M |
| 总债务越低越好 | — | $432.2M |
| 股东权益账面价值 | $921.5M | $452.4M |
| 总资产 | $7.0B | $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HFWARMAX
| Q4 25 | $233.1M | $118.7M | ||
| Q3 25 | $245.5M | $107.5M | ||
| Q2 25 | $254.1M | $94.3M | ||
| Q1 25 | $248.7M | $89.1M | ||
| Q4 24 | $117.1M | $96.6M | ||
| Q3 24 | $175.6M | $83.8M | ||
| Q2 24 | $113.8M | $66.1M | ||
| Q1 24 | $189.6M | $82.1M |
总债务HFWARMAX
| 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HFWARMAX
| Q4 25 | $921.5M | $452.4M | ||
| Q3 25 | $904.1M | $448.1M | ||
| Q2 25 | $888.2M | $442.4M | ||
| Q1 25 | $881.5M | $433.5M | ||
| Q4 24 | $863.5M | $429.5M | ||
| Q3 24 | $874.5M | $423.1M | ||
| Q2 24 | $850.5M | $418.4M | ||
| Q1 24 | $847.6M | $412.0M |
总资产HFWARMAX
| Q4 25 | $7.0B | $582.5M | ||
| Q3 25 | $7.0B | $582.2M | ||
| Q2 25 | $7.1B | $574.8M | ||
| Q1 25 | $7.1B | $571.4M | ||
| Q4 24 | $7.1B | $581.6M | ||
| Q3 24 | $7.2B | $578.6M | ||
| Q2 24 | $7.1B | $571.4M | ||
| Q1 24 | $7.1B | $566.7M |
负债/权益比HFWARMAX
| 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 | $94.8M | $40.9M |
| 自由现金流经营现金流 - 资本支出 | $85.7M | $33.5M |
| 自由现金流率自由现金流/营收 | 129.1% | 47.1% |
| 资本支出强度资本支出/营收 | 13.8% | 10.4% |
| 现金转化率经营现金流/净利润 | 4.26× | 28.39× |
| 过去12个月自由现金流最近4个季度 | $149.0M | $56.8M |
8季度趋势，按日历期对齐
经营现金流HFWARMAX
| Q4 25 | $94.8M | $40.9M | ||
| Q3 25 | $25.1M | $17.7M | ||
| Q2 25 | $22.5M | $4.6M | ||
| Q1 25 | $19.3M | $5.7M | ||
| Q4 24 | $64.5M | $59.7M | ||
| Q3 24 | $24.2M | $17.6M | ||
| Q2 24 | $6.8M | $15.9M | ||
| Q1 24 | $12.9M | $9.4M |
自由现金流HFWARMAX
| Q4 25 | $85.7M | $33.5M | ||
| Q3 25 | $24.4M | $16.4M | ||
| Q2 25 | $20.9M | $2.9M | ||
| Q1 25 | $18.1M | $4.0M | ||
| Q4 24 | $61.0M | $53.0M | ||
| Q3 24 | $23.2M | $16.3M | ||
| Q2 24 | $6.0M | $14.0M | ||
| Q1 24 | $12.0M | $6.8M |
自由现金流率HFWARMAX
| Q4 25 | 129.1% | 47.1% | ||
| Q3 25 | 37.1% | 22.4% | ||
| Q2 25 | 37.0% | 4.0% | ||
| Q1 25 | 31.4% | 5.3% | ||
| Q4 24 | 107.0% | 73.2% | ||
| Q3 24 | 42.4% | 20.8% | ||
| Q2 24 | 10.6% | 17.8% | ||
| Q1 24 | 24.7% | 8.6% |
资本支出强度HFWARMAX
| Q4 25 | 13.8% | 10.4% | ||
| Q3 25 | 1.0% | 1.8% | ||
| Q2 25 | 2.8% | 2.2% | ||
| Q1 25 | 2.0% | 2.3% | ||
| Q4 24 | 6.1% | 9.1% | ||
| Q3 24 | 1.7% | 1.7% | ||
| Q2 24 | 1.5% | 2.4% | ||
| Q1 24 | 1.8% | 3.3% |
现金转化率HFWARMAX
| Q4 25 | 4.26× | 28.39× | ||
| Q3 25 | 1.31× | 4.45× | ||
| Q2 25 | 1.84× | 0.97× | ||
| Q1 25 | 1.38× | — | ||
| Q4 24 | 5.41× | 10.28× | ||
| Q3 24 | 2.12× | 18.22× | ||
| Q2 24 | 0.48× | 4.29× | ||
| Q1 24 | 2.24× | — |
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
HFWA
暂无分部数据
RMAX
| Franchising Segment | $50.1M | 70% |
| Broker Fees | $13.9M | 20% |
| Annual Dues | $7.4M | 10% |
