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HERITAGE COMMERCE CORP（HTBK）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 COMMERCE CORP的1.3倍（$71.1M vs $53.6M），HERITAGE COMMERCE CORP净利率更高（28.2% vs 2.0%，领先26.2%），HERITAGE COMMERCE CORP同比增速更快（15.6% vs -1.8%），HERITAGE COMMERCE CORP自由现金流更多（$61.3M vs $33.5M），过去两年HERITAGE COMMERCE CORP的营收复合增速更高（12.8% vs -4.7%）
本文介绍的企业主体信息与内容描述不符，描述内容实际为美国商会，该商会成立于1912年4月23日，是美国规模最大的游说类商业协会 advocacy 团体，成立之初得益于时任总统威廉·霍华德·塔夫脱与劳工商务部长查尔斯·内格尔推动，旨在代表工商界发声。
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。
HTBK vs RMAX — 直观对比
营收规模更大
RMAX
是对方的1.3倍
$53.6M
营收增速更快
HTBK
高出17.5%
-1.8%
净利率更高
HTBK
高出26.2%
2.0%
自由现金流更多
HTBK
多$27.8M
$33.5M
两年增速更快
HTBK
近两年复合增速
-4.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $53.6M | $71.1M |
| 净利润 | $15.1M | $1.4M |
| 毛利率 | — | — |
| 营业利润率 | 41.0% | 13.1% |
| 净利率 | 28.2% | 2.0% |
| 营收同比 | 15.6% | -1.8% |
| 净利润同比 | 42.3% | -75.2% |
| 每股收益（稀释后） | $0.25 | — |
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HTBKRMAX
| Q4 25 | $53.6M | $71.1M | ||
| Q3 25 | $50.0M | $73.2M | ||
| Q2 25 | $47.8M | $72.8M | ||
| Q1 25 | $46.1M | $74.5M | ||
| Q4 24 | $46.4M | $72.5M | ||
| Q3 24 | $42.2M | $78.5M | ||
| Q2 24 | $41.7M | $78.5M | ||
| Q1 24 | $42.1M | $78.3M |
净利润HTBKRMAX
| Q4 25 | $15.1M | $1.4M | ||
| Q3 25 | $14.7M | $4.0M | ||
| Q2 25 | $6.4M | $4.7M | ||
| Q1 25 | $11.6M | $-2.0M | ||
| Q4 24 | $10.6M | $5.8M | ||
| Q3 24 | $10.5M | $966.0K | ||
| Q2 24 | $9.2M | $3.7M | ||
| Q1 24 | $10.2M | $-3.4M |
营业利润率HTBKRMAX
| Q4 25 | 41.0% | 13.1% | ||
| Q3 25 | 41.1% | 25.0% | ||
| Q2 25 | 18.7% | 19.3% | ||
| Q1 25 | 35.4% | 7.2% | ||
| Q4 24 | 31.8% | 5.9% | ||
| Q3 24 | 34.3% | 19.4% | ||
| Q2 24 | 31.3% | 20.6% | ||
| Q1 24 | 34.2% | 5.8% |
净利率HTBKRMAX
| Q4 25 | 28.2% | 2.0% | ||
| Q3 25 | 29.4% | 5.4% | ||
| Q2 25 | 13.4% | 6.4% | ||
| Q1 25 | 25.2% | -2.6% | ||
| Q4 24 | 22.9% | 8.0% | ||
| Q3 24 | 24.9% | 1.2% | ||
| Q2 24 | 22.1% | 4.7% | ||
| Q1 24 | 24.1% | -4.3% |
每股收益（稀释后）HTBKRMAX
| Q4 25 | $0.25 | — | ||
| Q3 25 | $0.24 | — | ||
| Q2 25 | $0.10 | — | ||
| Q1 25 | $0.19 | — | ||
| Q4 24 | $0.17 | — | ||
| Q3 24 | $0.17 | — | ||
| Q2 24 | $0.15 | — | ||
| Q1 24 | $0.17 | — |
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 | — | $118.7M |
| 总债务越低越好 | — | $432.2M |
| 股东权益账面价值 | $708.6M | $452.4M |
| 总资产 | $5.8B | $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HTBKRMAX
| 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 | ||
| Q1 24 | — | $82.1M |
总债务HTBKRMAX
| 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HTBKRMAX
| Q4 25 | $708.6M | $452.4M | ||
| Q3 25 | $700.0M | $448.1M | ||
| Q2 25 | $694.7M | $442.4M | ||
| Q1 25 | $696.2M | $433.5M | ||
| Q4 24 | $689.7M | $429.5M | ||
| Q3 24 | $685.4M | $423.1M | ||
| Q2 24 | $679.2M | $418.4M | ||
| Q1 24 | $676.3M | $412.0M |
总资产HTBKRMAX
| Q4 25 | $5.8B | $582.5M | ||
| Q3 25 | $5.6B | $582.2M | ||
| Q2 25 | $5.5B | $574.8M | ||
| Q1 25 | $5.5B | $571.4M | ||
| Q4 24 | $5.6B | $581.6M | ||
| Q3 24 | $5.6B | $578.6M | ||
| Q2 24 | $5.3B | $571.4M | ||
| Q1 24 | $5.3B | $566.7M |
负债/权益比HTBKRMAX
| 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 | $61.7M | $40.9M |
| 自由现金流经营现金流 - 资本支出 | $61.3M | $33.5M |
| 自由现金流率自由现金流/营收 | 114.3% | 47.1% |
| 资本支出强度资本支出/营收 | 0.7% | 10.4% |
| 现金转化率经营现金流/净利润 | 4.08× | 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HTBKRMAX
| Q4 25 | $61.7M | $40.9M | ||
| Q3 25 | $18.9M | $17.7M | ||
| Q2 25 | $8.0M | $4.6M | ||
| Q1 25 | $14.8M | $5.7M | ||
| Q4 24 | $39.0M | $59.7M | ||
| Q3 24 | $5.3M | $17.6M | ||
| Q2 24 | $10.5M | $15.9M | ||
| Q1 24 | $7.3M | $9.4M |
自由现金流HTBKRMAX
| Q4 25 | $61.3M | $33.5M | ||
| Q3 25 | $18.8M | $16.4M | ||
| Q2 25 | — | $2.9M | ||
| Q1 25 | — | $4.0M | ||
| Q4 24 | $37.3M | $53.0M | ||
| Q3 24 | $4.9M | $16.3M | ||
| Q2 24 | $9.9M | $14.0M | ||
| Q1 24 | $6.9M | $6.8M |
自由现金流率HTBKRMAX
| Q4 25 | 114.3% | 47.1% | ||
| Q3 25 | 37.7% | 22.4% | ||
| Q2 25 | — | 4.0% | ||
| Q1 25 | — | 5.3% | ||
| Q4 24 | 80.5% | 73.2% | ||
| Q3 24 | 11.6% | 20.8% | ||
| Q2 24 | 23.6% | 17.8% | ||
| Q1 24 | 16.4% | 8.6% |
资本支出强度HTBKRMAX
| Q4 25 | 0.7% | 10.4% | ||
| Q3 25 | 0.1% | 1.8% | ||
| Q2 25 | — | 2.2% | ||
| Q1 25 | — | 2.3% | ||
| Q4 24 | 3.5% | 9.1% | ||
| Q3 24 | 1.0% | 1.7% | ||
| Q2 24 | 1.6% | 2.4% | ||
| Q1 24 | 1.0% | 3.3% |
现金转化率HTBKRMAX
| Q4 25 | 4.08× | 28.39× | ||
| Q3 25 | 1.28× | 4.45× | ||
| Q2 25 | 1.25× | 0.97× | ||
| Q1 25 | 1.28× | — | ||
| Q4 24 | 3.67× | 10.28× | ||
| Q3 24 | 0.50× | 18.22× | ||
| Q2 24 | 1.14× | 4.29× | ||
| Q1 24 | 0.72× | — |
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
HTBK
暂无分部数据
RMAX
| Franchising Segment | $50.1M | 70% |
| Broker Fees | $13.9M | 20% |
| Annual Dues | $7.4M | 10% |
