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Hippo Holdings Inc.（HIPO）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
Hippo Holdings Inc.的季度营收约是RE/MAX Holdings, Inc.的1.7倍（$120.4M vs $71.1M），Hippo Holdings Inc.净利率更高（5.0% vs 2.0%，领先3.0%），Hippo Holdings Inc.同比增速更快（18.2% vs -1.8%），RE/MAX Holdings, Inc.自由现金流更多（$33.5M vs $9.1M），过去两年Hippo Holdings Inc.的营收复合增速更高（18.9% vs -4.7%）
河马谷庄园是一座甘蔗种植园，坐落于津巴布韦东南部奇雷济区奇雷济镇附近，位于伦迪河沿岸，毗邻莫桑比克边境，是当地重要的蔗糖产业园区。
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。
HIPO vs RMAX — 直观对比
营收规模更大
HIPO
是对方的1.7倍
$71.1M
营收增速更快
HIPO
高出20.0%
-1.8%
净利率更高
HIPO
高出3.0%
2.0%
自由现金流更多
RMAX
多$24.4M
$9.1M
两年增速更快
HIPO
近两年复合增速
-4.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $120.4M | $71.1M |
| 净利润 | $6.0M | $1.4M |
| 毛利率 | — | — |
| 营业利润率 | 5.6% | 13.1% |
| 净利率 | 5.0% | 2.0% |
| 营收同比 | 18.2% | -1.8% |
| 净利润同比 | -86.4% | -75.2% |
| 每股收益（稀释后） | $0.31 | — |
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HIPORMAX
| Q4 25 | $120.4M | $71.1M | ||
| Q3 25 | $120.6M | $73.2M | ||
| Q2 25 | $117.3M | $72.8M | ||
| Q1 25 | $110.3M | $74.5M | ||
| Q4 24 | $101.9M | $72.5M | ||
| Q3 24 | $95.5M | $78.5M | ||
| Q2 24 | $89.6M | $78.5M | ||
| Q1 24 | $85.1M | $78.3M |
净利润HIPORMAX
| Q4 25 | $6.0M | $1.4M | ||
| Q3 25 | $98.1M | $4.0M | ||
| Q2 25 | $1.3M | $4.7M | ||
| Q1 25 | $-47.7M | $-2.0M | ||
| Q4 24 | $44.2M | $5.8M | ||
| Q3 24 | $-8.5M | $966.0K | ||
| Q2 24 | $-40.5M | $3.7M | ||
| Q1 24 | $-35.7M | $-3.4M |
营业利润率HIPORMAX
| Q4 25 | 5.6% | 13.1% | ||
| Q3 25 | 81.3% | 25.0% | ||
| Q2 25 | 3.4% | 19.3% | ||
| Q1 25 | -41.3% | 7.2% | ||
| Q4 24 | 46.3% | 5.9% | ||
| Q3 24 | -5.4% | 19.4% | ||
| Q2 24 | -40.7% | 20.6% | ||
| Q1 24 | -38.7% | 5.8% |
净利率HIPORMAX
| Q4 25 | 5.0% | 2.0% | ||
| Q3 25 | 81.3% | 5.4% | ||
| Q2 25 | 1.1% | 6.4% | ||
| Q1 25 | -43.2% | -2.6% | ||
| Q4 24 | 43.4% | 8.0% | ||
| Q3 24 | -8.9% | 1.2% | ||
| Q2 24 | -45.2% | 4.7% | ||
| Q1 24 | -42.0% | -4.3% |
每股收益（稀释后）HIPORMAX
| Q4 25 | $0.31 | — | ||
| Q3 25 | $3.77 | — | ||
| Q2 25 | $0.05 | — | ||
| Q1 25 | $-1.91 | — | ||
| Q4 24 | $1.81 | — | ||
| Q3 24 | $-0.34 | — | ||
| Q2 24 | $-1.64 | — | ||
| Q1 24 | $-1.47 | — |
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 | $218.3M | $118.7M |
| 总债务越低越好 | — | $432.2M |
| 股东权益账面价值 | $436.1M | $452.4M |
| 总资产 | $1.9B | $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HIPORMAX
| Q4 25 | $218.3M | $118.7M | ||
| Q3 25 | $247.7M | $107.5M | ||
| Q2 25 | $198.9M | $94.3M | ||
| Q1 25 | $140.9M | $89.1M | ||
| Q4 24 | $197.6M | $96.6M | ||
| Q3 24 | $191.2M | $83.8M | ||
| Q2 24 | $175.9M | $66.1M | ||
| Q1 24 | $223.4M | $82.1M |
总债务HIPORMAX
| 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HIPORMAX
| Q4 25 | $436.1M | $452.4M | ||
| Q3 25 | $421.5M | $448.1M | ||
| Q2 25 | $332.5M | $442.4M | ||
| Q1 25 | $322.8M | $433.5M | ||
| Q4 24 | $362.1M | $429.5M | ||
| Q3 24 | $326.4M | $423.1M | ||
| Q2 24 | $322.6M | $418.4M | ||
| Q1 24 | $351.2M | $412.0M |
总资产HIPORMAX
| Q4 25 | $1.9B | $582.5M | ||
| Q3 25 | $1.9B | $582.2M | ||
| Q2 25 | $1.7B | $574.8M | ||
| Q1 25 | $1.5B | $571.4M | ||
| Q4 24 | $1.5B | $581.6M | ||
| Q3 24 | $1.5B | $578.6M | ||
| Q2 24 | $1.5B | $571.4M | ||
| Q1 24 | $1.5B | $566.7M |
负债/权益比HIPORMAX
| 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 | $9.2M | $40.9M |
| 自由现金流经营现金流 - 资本支出 | $9.1M | $33.5M |
| 自由现金流率自由现金流/营收 | 7.6% | 47.1% |
| 资本支出强度资本支出/营收 | 0.1% | 10.4% |
| 现金转化率经营现金流/净利润 | 1.53× | 28.39× |
| 过去12个月自由现金流最近4个季度 | $14.8M | $56.8M |
8季度趋势，按日历期对齐
经营现金流HIPORMAX
| Q4 25 | $9.2M | $40.9M | ||
| Q3 25 | $16.9M | $17.7M | ||
| Q2 25 | $24.7M | $4.6M | ||
| Q1 25 | $-35.6M | $5.7M | ||
| Q4 24 | $47.5M | $59.7M | ||
| Q3 24 | $46.8M | $17.6M | ||
| Q2 24 | $-10.6M | $15.9M | ||
| Q1 24 | $17.7M | $9.4M |
自由现金流HIPORMAX
| Q4 25 | $9.1M | $33.5M | ||
| Q3 25 | $16.8M | $16.4M | ||
| Q2 25 | $24.6M | $2.9M | ||
| Q1 25 | $-35.7M | $4.0M | ||
| Q4 24 | $47.2M | $53.0M | ||
| Q3 24 | — | $16.3M | ||
| Q2 24 | $-10.7M | $14.0M | ||
| Q1 24 | $17.6M | $6.8M |
自由现金流率HIPORMAX
| Q4 25 | 7.6% | 47.1% | ||
| Q3 25 | 13.9% | 22.4% | ||
| Q2 25 | 21.0% | 4.0% | ||
| Q1 25 | -32.4% | 5.3% | ||
| Q4 24 | 46.3% | 73.2% | ||
| Q3 24 | — | 20.8% | ||
| Q2 24 | -11.9% | 17.8% | ||
| Q1 24 | 20.7% | 8.6% |
资本支出强度HIPORMAX
| Q4 25 | 0.1% | 10.4% | ||
| Q3 25 | 0.1% | 1.8% | ||
| Q2 25 | 0.1% | 2.2% | ||
| Q1 25 | 0.1% | 2.3% | ||
| Q4 24 | 0.3% | 9.1% | ||
| Q3 24 | 0.0% | 1.7% | ||
| Q2 24 | 0.1% | 2.4% | ||
| Q1 24 | 0.1% | 3.3% |
现金转化率HIPORMAX
| Q4 25 | 1.53× | 28.39× | ||
| Q3 25 | 0.17× | 4.45× | ||
| Q2 25 | 19.00× | 0.97× | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.07× | 10.28× | ||
| Q3 24 | — | 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
HIPO
暂无分部数据
RMAX
| Franchising Segment | $50.1M | 70% |
| Broker Fees | $13.9M | 20% |
| Annual Dues | $7.4M | 10% |
