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赫克（HURC）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.的季度营收约是赫克的1.6倍（$71.1M vs $45.5M），RE/MAX Holdings, Inc.净利率更高（2.0% vs -6.7%，领先8.7%），RE/MAX Holdings, Inc.同比增速更快（-1.8% vs -15.3%），RE/MAX Holdings, Inc.自由现金流更多（$33.5M vs $3.6M），过去两年赫克的营收复合增速更高（0.5% vs -4.7%）
赫克公司是全球工业技术企业，主营数控（CNC）机床及配套控制软件的设计、生产与销售，产品涵盖各类加工中心、车削中心等，服务航空航天、汽车、能源、通用金属加工等领域客户，业务覆盖欧美及亚太市场。
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。
HURC vs RMAX — 直观对比
营收规模更大
RMAX
是对方的1.6倍
$45.5M
营收增速更快
RMAX
高出13.5%
-15.3%
净利率更高
RMAX
高出8.7%
-6.7%
自由现金流更多
RMAX
多$29.9M
$3.6M
两年增速更快
HURC
近两年复合增速
-4.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $45.5M | $71.1M |
| 净利润 | $-3.0M | $1.4M |
| 毛利率 | 17.0% | — |
| 营业利润率 | -7.6% | 13.1% |
| 净利率 | -6.7% | 2.0% |
| 营收同比 | -15.3% | -1.8% |
| 净利润同比 | -110.9% | -75.2% |
| 每股收益（稀释后） | $-0.47 | — |
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HURCRMAX
| Q4 25 | $45.5M | $71.1M | ||
| Q3 25 | $45.8M | $73.2M | ||
| Q2 25 | $40.9M | $72.8M | ||
| Q1 25 | $46.4M | $74.5M | ||
| Q4 24 | $53.7M | $72.5M | ||
| Q3 24 | $42.7M | $78.5M | ||
| Q2 24 | $45.2M | $78.5M | ||
| Q1 24 | $45.1M | $78.3M |
净利润HURCRMAX
| Q4 25 | $-3.0M | $1.4M | ||
| Q3 25 | $-3.7M | $4.0M | ||
| Q2 25 | $-4.1M | $4.7M | ||
| Q1 25 | $-4.3M | $-2.0M | ||
| Q4 24 | $-1.4M | $5.8M | ||
| Q3 24 | $-9.6M | $966.0K | ||
| Q2 24 | $-3.9M | $3.7M | ||
| Q1 24 | $-1.6M | $-3.4M |
毛利率HURCRMAX
| Q4 25 | 17.0% | — | ||
| Q3 25 | 19.9% | — | ||
| Q2 25 | 19.2% | — | ||
| Q1 25 | 17.9% | — | ||
| Q4 24 | 22.7% | — | ||
| Q3 24 | 18.4% | — | ||
| Q2 24 | 17.8% | — | ||
| Q1 24 | 21.5% | — |
营业利润率HURCRMAX
| Q4 25 | -7.6% | 13.1% | ||
| Q3 25 | -3.6% | 25.0% | ||
| Q2 25 | -7.5% | 19.3% | ||
| Q1 25 | -4.5% | 7.2% | ||
| Q4 24 | -0.9% | 5.9% | ||
| Q3 24 | -5.9% | 19.4% | ||
| Q2 24 | -7.6% | 20.6% | ||
| Q1 24 | -4.0% | 5.8% |
净利率HURCRMAX
| Q4 25 | -6.7% | 2.0% | ||
| Q3 25 | -8.1% | 5.4% | ||
| Q2 25 | -9.9% | 6.4% | ||
| Q1 25 | -9.3% | -2.6% | ||
| Q4 24 | -2.7% | 8.0% | ||
| Q3 24 | -22.5% | 1.2% | ||
| Q2 24 | -8.7% | 4.7% | ||
| Q1 24 | -3.7% | -4.3% |
每股收益（稀释后）HURCRMAX
| Q4 25 | $-0.47 | — | ||
| Q3 25 | $-0.58 | — | ||
| Q2 25 | $-0.62 | — | ||
| Q1 25 | $-0.67 | — | ||
| Q4 24 | $-0.23 | — | ||
| Q3 24 | $-1.47 | — | ||
| Q2 24 | $-0.61 | — | ||
| Q1 24 | $-0.25 | — |
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 | $48.7M | $118.7M |
| 总债务越低越好 | — | $432.2M |
| 股东权益账面价值 | $198.8M | $452.4M |
| 总资产 | $264.3M | $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HURCRMAX
| Q4 25 | $48.7M | $118.7M | ||
| Q3 25 | $44.5M | $107.5M | ||
| Q2 25 | $43.8M | $94.3M | ||
| Q1 25 | $41.8M | $89.1M | ||
| Q4 24 | $33.3M | $96.6M | ||
| Q3 24 | $36.1M | $83.8M | ||
| Q2 24 | $37.5M | $66.1M | ||
| Q1 24 | $37.9M | $82.1M |
总债务HURCRMAX
| 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HURCRMAX
| Q4 25 | $198.8M | $452.4M | ||
| Q3 25 | $203.7M | $448.1M | ||
| Q2 25 | $202.3M | $442.4M | ||
| Q1 25 | $198.1M | $433.5M | ||
| Q4 24 | $207.2M | $429.5M | ||
| Q3 24 | $206.6M | $423.1M | ||
| Q2 24 | $215.6M | $418.4M | ||
| Q1 24 | $224.6M | $412.0M |
总资产HURCRMAX
| Q4 25 | $264.3M | $582.5M | ||
| Q3 25 | $269.1M | $582.2M | ||
| Q2 25 | $262.5M | $574.8M | ||
| Q1 25 | $255.8M | $571.4M | ||
| Q4 24 | $268.6M | $581.6M | ||
| Q3 24 | $272.4M | $578.6M | ||
| Q2 24 | $280.8M | $571.4M | ||
| Q1 24 | $290.1M | $566.7M |
负债/权益比HURCRMAX
| 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 | $3.7M | $40.9M |
| 自由现金流经营现金流 - 资本支出 | $3.6M | $33.5M |
| 自由现金流率自由现金流/营收 | 8.0% | 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 | — | 28.39× |
| 过去12个月自由现金流最近4个季度 | $16.7M | $56.8M |
8季度趋势，按日历期对齐
经营现金流HURCRMAX
| Q4 25 | $3.7M | $40.9M | ||
| Q3 25 | $2.5M | $17.7M | ||
| Q2 25 | $997.0K | $4.6M | ||
| Q1 25 | $10.3M | $5.7M | ||
| Q4 24 | $-1.2M | $59.7M | ||
| Q3 24 | $-622.0K | $17.6M | ||
| Q2 24 | $1.9M | $15.9M | ||
| Q1 24 | $-2.6M | $9.4M |
自由现金流HURCRMAX
| Q4 25 | $3.6M | $33.5M | ||
| Q3 25 | $2.1M | $16.4M | ||
| Q2 25 | $689.0K | $2.9M | ||
| Q1 25 | $10.2M | $4.0M | ||
| Q4 24 | $-1.7M | $53.0M | ||
| Q3 24 | $-841.0K | $16.3M | ||
| Q2 24 | $1.7M | $14.0M | ||
| Q1 24 | $-3.0M | $6.8M |
自由现金流率HURCRMAX
| Q4 25 | 8.0% | 47.1% | ||
| Q3 25 | 4.5% | 22.4% | ||
| Q2 25 | 1.7% | 4.0% | ||
| Q1 25 | 22.1% | 5.3% | ||
| Q4 24 | -3.1% | 73.2% | ||
| Q3 24 | -2.0% | 20.8% | ||
| Q2 24 | 3.9% | 17.8% | ||
| Q1 24 | -6.7% | 8.6% |
资本支出强度HURCRMAX
| Q4 25 | 0.1% | 10.4% | ||
| Q3 25 | 1.0% | 1.8% | ||
| Q2 25 | 0.8% | 2.2% | ||
| Q1 25 | 0.2% | 2.3% | ||
| Q4 24 | 0.8% | 9.1% | ||
| Q3 24 | 0.5% | 1.7% | ||
| Q2 24 | 0.3% | 2.4% | ||
| Q1 24 | 1.0% | 3.3% |
现金转化率HURCRMAX
| Q4 25 | — | 28.39× | ||
| Q3 25 | — | 4.45× | ||
| Q2 25 | — | 0.97× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 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
HURC
| Computerized Machine Tools | $35.9M | 79% |
| Service Parts | $6.7M | 15% |
| Service Fees | $2.3M | 5% |
RMAX
| Franchising Segment | $50.1M | 70% |
| Broker Fees | $13.9M | 20% |
| Annual Dues | $7.4M | 10% |
