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HARTE HANKS INC（HHS）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HARTE HANKS INC的1.8倍（$71.1M vs $39.9M），HARTE HANKS INC净利率更高（5.5% vs 2.0%，领先3.5%），RE/MAX Holdings, Inc.同比增速更快（-1.8% vs -15.4%），RE/MAX Holdings, Inc.自由现金流更多（$33.5M vs $-686.0K），过去两年RE/MAX Holdings, Inc.的营收复合增速更高（-4.7% vs -6.4%）
哈特·汉克斯是一家总部位于美国马萨诸塞州波士顿的全球营销服务企业，主营业务涵盖数据分析、营销战略规划、营销技术支持、创意服务、数字营销、客户服务、直邮服务以及物流履约等多个领域，为全球客户提供全方位的营销解决方案。
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。
HHS vs RMAX — 直观对比
营收规模更大
RMAX
是对方的1.8倍
$39.9M
营收增速更快
RMAX
高出13.6%
-15.4%
净利率更高
HHS
高出3.5%
2.0%
自由现金流更多
RMAX
多$34.2M
$-686.0K
两年增速更快
RMAX
近两年复合增速
-6.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $39.9M | $71.1M |
| 净利润 | $2.2M | $1.4M |
| 毛利率 | — | — |
| 营业利润率 | -0.3% | 13.1% |
| 净利率 | 5.5% | 2.0% |
| 营收同比 | -15.4% | -1.8% |
| 净利润同比 | — | -75.2% |
| 每股收益（稀释后） | $0.30 | — |
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HHSRMAX
| Q4 25 | $39.9M | $71.1M | ||
| Q3 25 | $39.5M | $73.2M | ||
| Q2 25 | $38.6M | $72.8M | ||
| Q1 25 | $41.6M | $74.5M | ||
| Q4 24 | $47.1M | $72.5M | ||
| Q3 24 | $47.6M | $78.5M | ||
| Q2 24 | $45.0M | $78.5M | ||
| Q1 24 | $45.4M | $78.3M |
净利润HHSRMAX
| Q4 25 | $2.2M | $1.4M | ||
| Q3 25 | $-2.3M | $4.0M | ||
| Q2 25 | $-335.0K | $4.7M | ||
| Q1 25 | $-392.0K | $-2.0M | ||
| Q4 24 | — | $5.8M | ||
| Q3 24 | $142.0K | $966.0K | ||
| Q2 24 | $-27.8M | $3.7M | ||
| Q1 24 | $-171.0K | $-3.4M |
营业利润率HHSRMAX
| Q4 25 | -0.3% | 13.1% | ||
| Q3 25 | 1.3% | 25.0% | ||
| Q2 25 | 0.1% | 19.3% | ||
| Q1 25 | -0.1% | 7.2% | ||
| Q4 24 | -3.3% | 5.9% | ||
| Q3 24 | 4.0% | 19.4% | ||
| Q2 24 | 3.0% | 20.6% | ||
| Q1 24 | 0.8% | 5.8% |
净利率HHSRMAX
| Q4 25 | 5.5% | 2.0% | ||
| Q3 25 | -5.8% | 5.4% | ||
| Q2 25 | -0.9% | 6.4% | ||
| Q1 25 | -0.9% | -2.6% | ||
| Q4 24 | — | 8.0% | ||
| Q3 24 | 0.3% | 1.2% | ||
| Q2 24 | -61.8% | 4.7% | ||
| Q1 24 | -0.4% | -4.3% |
每股收益（稀释后）HHSRMAX
| Q4 25 | $0.30 | — | ||
| Q3 25 | $-0.31 | — | ||
| Q2 25 | $-0.05 | — | ||
| Q1 25 | $-0.05 | — | ||
| Q4 24 | $-0.31 | — | ||
| Q3 24 | $0.02 | — | ||
| Q2 24 | $-3.84 | — | ||
| Q1 24 | $-0.02 | — |
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 | $5.6M | $118.7M |
| 总债务越低越好 | — | $432.2M |
| 股东权益账面价值 | $20.5M | $452.4M |
| 总资产 | $91.8M | $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HHSRMAX
| Q4 25 | $5.6M | $118.7M | ||
| Q3 25 | $6.5M | $107.5M | ||
| Q2 25 | $4.8M | $94.3M | ||
| Q1 25 | $9.0M | $89.1M | ||
| Q4 24 | $9.8M | $96.6M | ||
| Q3 24 | $5.9M | $83.8M | ||
| Q2 24 | $11.0M | $66.1M | ||
| Q1 24 | $11.5M | $82.1M |
总债务HHSRMAX
| 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HHSRMAX
| Q4 25 | $20.5M | $452.4M | ||
| Q3 25 | $19.9M | $448.1M | ||
| Q2 25 | $22.2M | $442.4M | ||
| Q1 25 | $21.4M | $433.5M | ||
| Q4 24 | $21.7M | $429.5M | ||
| Q3 24 | $21.0M | $423.1M | ||
| Q2 24 | $20.6M | $418.4M | ||
| Q1 24 | $20.0M | $412.0M |
总资产HHSRMAX
| Q4 25 | $91.8M | $582.5M | ||
| Q3 25 | $92.7M | $582.2M | ||
| Q2 25 | $95.0M | $574.8M | ||
| Q1 25 | $100.6M | $571.4M | ||
| Q4 24 | $101.8M | $581.6M | ||
| Q3 24 | $108.1M | $578.6M | ||
| Q2 24 | $109.7M | $571.4M | ||
| Q1 24 | $113.4M | $566.7M |
负债/权益比HHSRMAX
| 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 | $737.0K | $40.9M |
| 自由现金流经营现金流 - 资本支出 | $-686.0K | $33.5M |
| 自由现金流率自由现金流/营收 | -1.7% | 47.1% |
| 资本支出强度资本支出/营收 | 3.6% | 10.4% |
| 现金转化率经营现金流/净利润 | 0.33× | 28.39× |
| 过去12个月自由现金流最近4个季度 | $-4.5M | $56.8M |
8季度趋势，按日历期对齐
经营现金流HHSRMAX
| Q4 25 | $737.0K | $40.9M | ||
| Q3 25 | $3.2M | $17.7M | ||
| Q2 25 | $-4.8M | $4.6M | ||
| Q1 25 | $-818.0K | $5.7M | ||
| Q4 24 | $4.0M | $59.7M | ||
| Q3 24 | $-2.9M | $17.6M | ||
| Q2 24 | $1.6M | $15.9M | ||
| Q1 24 | $-5.7M | $9.4M |
自由现金流HHSRMAX
| Q4 25 | $-686.0K | $33.5M | ||
| Q3 25 | $2.2M | $16.4M | ||
| Q2 25 | $-5.1M | $2.9M | ||
| Q1 25 | $-923.0K | $4.0M | ||
| Q4 24 | $3.4M | $53.0M | ||
| Q3 24 | $-4.9M | $16.3M | ||
| Q2 24 | $926.0K | $14.0M | ||
| Q1 24 | $-6.2M | $6.8M |
自由现金流率HHSRMAX
| Q4 25 | -1.7% | 47.1% | ||
| Q3 25 | 5.5% | 22.4% | ||
| Q2 25 | -13.1% | 4.0% | ||
| Q1 25 | -2.2% | 5.3% | ||
| Q4 24 | 7.3% | 73.2% | ||
| Q3 24 | -10.2% | 20.8% | ||
| Q2 24 | 2.1% | 17.8% | ||
| Q1 24 | -13.7% | 8.6% |
资本支出强度HHSRMAX
| Q4 25 | 3.6% | 10.4% | ||
| Q3 25 | 2.5% | 1.8% | ||
| Q2 25 | 0.6% | 2.2% | ||
| Q1 25 | 0.3% | 2.3% | ||
| Q4 24 | 1.3% | 9.1% | ||
| Q3 24 | 4.0% | 1.7% | ||
| Q2 24 | 1.5% | 2.4% | ||
| Q1 24 | 1.2% | 3.3% |
现金转化率HHSRMAX
| Q4 25 | 0.33× | 28.39× | ||
| Q3 25 | — | 4.45× | ||
| Q2 25 | — | 0.97× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 10.28× | ||
| Q3 24 | -20.76× | 18.22× | ||
| Q2 24 | — | 4.29× | ||
| 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
HHS
| Fulfillment And Logistics Services | $17.3M | 43% |
| Customer Care | $13.7M | 34% |
| Other | $8.9M | 22% |
RMAX
| Franchising Segment | $50.1M | 70% |
| Broker Fees | $13.9M | 20% |
| Annual Dues | $7.4M | 10% |
