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INDEPENDENT BANK CORP（IBCP）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INDEPENDENT BANK CORP的1.2倍（$71.1M vs $58.9M），INDEPENDENT BANK CORP净利率更高（28.6% vs 2.0%，领先26.6%），过去两年INDEPENDENT BANK CORP的营收复合增速更高（2.1% vs -4.7%）
独立银行公司（密歇根州）是一家总部位于密歇根州大急流城的银行机构，目前共开设62家营业网点，所有网点均布局于密歇根州境内，主要为当地市场提供各类银行金融服务。
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。
IBCP vs RMAX — 直观对比
营收规模更大
RMAX
是对方的1.2倍
$58.9M
净利率更高
IBCP
高出26.6%
2.0%
两年增速更快
IBCP
近两年复合增速
-4.7%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $58.9M | $71.1M |
| 净利润 | $16.9M | $1.4M |
| 毛利率 | — | — |
| 营业利润率 | — | 13.1% |
| 净利率 | 28.6% | 2.0% |
| 营收同比 | — | -1.8% |
| 净利润同比 | 8.2% | -75.2% |
| 每股收益（稀释后） | $0.81 | — |
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IBCPRMAX
| Q1 26 | $58.9M | — | ||
| Q4 25 | $58.3M | $71.1M | ||
| Q3 25 | $57.3M | $73.2M | ||
| Q2 25 | $55.9M | $72.8M | ||
| Q1 25 | $54.1M | $74.5M | ||
| Q4 24 | $62.0M | $72.5M | ||
| Q3 24 | $51.4M | $78.5M | ||
| Q2 24 | $56.5M | $78.5M |
净利润IBCPRMAX
| Q1 26 | $16.9M | — | ||
| Q4 25 | $18.6M | $1.4M | ||
| Q3 25 | $17.5M | $4.0M | ||
| Q2 25 | $16.9M | $4.7M | ||
| Q1 25 | $15.6M | $-2.0M | ||
| Q4 24 | $18.5M | $5.8M | ||
| Q3 24 | $13.8M | $966.0K | ||
| Q2 24 | $18.5M | $3.7M |
营业利润率IBCPRMAX
| Q1 26 | — | — | ||
| Q4 25 | 34.8% | 13.1% | ||
| Q3 25 | 37.0% | 25.0% | ||
| Q2 25 | 37.0% | 19.3% | ||
| Q1 25 | 35.3% | 7.2% | ||
| Q4 24 | 36.7% | 5.9% | ||
| Q3 24 | 33.7% | 19.4% | ||
| Q2 24 | 41.0% | 20.6% |
净利率IBCPRMAX
| Q1 26 | 28.6% | — | ||
| Q4 25 | 31.8% | 2.0% | ||
| Q3 25 | 30.5% | 5.4% | ||
| Q2 25 | 30.2% | 6.4% | ||
| Q1 25 | 28.8% | -2.6% | ||
| Q4 24 | 29.8% | 8.0% | ||
| Q3 24 | 26.9% | 1.2% | ||
| Q2 24 | 32.8% | 4.7% |
每股收益（稀释后）IBCPRMAX
| Q1 26 | $0.81 | — | ||
| Q4 25 | $0.88 | — | ||
| Q3 25 | $0.84 | — | ||
| Q2 25 | $0.81 | — | ||
| Q1 25 | $0.74 | — | ||
| Q4 24 | $0.87 | — | ||
| Q3 24 | $0.65 | — | ||
| Q2 24 | $0.88 | — |
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 | $174.9M | $118.7M |
| 总债务越低越好 | — | $432.2M |
| 股东权益账面价值 | $510.6M | $452.4M |
| 总资产 | $5.6B | $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IBCPRMAX
| Q1 26 | $174.9M | — | ||
| Q4 25 | $138.4M | $118.7M | ||
| Q3 25 | $208.7M | $107.5M | ||
| Q2 25 | $146.2M | $94.3M | ||
| Q1 25 | $128.1M | $89.1M | ||
| Q4 24 | $119.9M | $96.6M | ||
| Q3 24 | $121.6M | $83.8M | ||
| Q2 24 | $214.3M | $66.1M |
总债务IBCPRMAX
| Q1 26 | — | — | ||
| 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 |
股东权益IBCPRMAX
| Q1 26 | $510.6M | — | ||
| Q4 25 | $503.0M | $452.4M | ||
| Q3 25 | $490.7M | $448.1M | ||
| Q2 25 | $469.3M | $442.4M | ||
| Q1 25 | $467.3M | $433.5M | ||
| Q4 24 | $454.7M | $429.5M | ||
| Q3 24 | $452.4M | $423.1M | ||
| Q2 24 | $430.5M | $418.4M |
总资产IBCPRMAX
| Q1 26 | $5.6B | — | ||
| Q4 25 | $5.5B | $582.5M | ||
| Q3 25 | $5.5B | $582.2M | ||
| Q2 25 | $5.4B | $574.8M | ||
| Q1 25 | $5.3B | $571.4M | ||
| Q4 24 | $5.3B | $581.6M | ||
| Q3 24 | $5.3B | $578.6M | ||
| Q2 24 | $5.3B | $571.4M |
负债/权益比IBCPRMAX
| Q1 26 | — | — | ||
| 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× |
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 | — | $40.9M |
| 自由现金流经营现金流 - 资本支出 | — | $33.5M |
| 自由现金流率自由现金流/营收 | — | 47.1% |
| 资本支出强度资本支出/营收 | — | 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 | — | $56.8M |
8季度趋势，按日历期对齐
经营现金流IBCPRMAX
| Q1 26 | — | — | ||
| Q4 25 | $76.7M | $40.9M | ||
| Q3 25 | $18.2M | $17.7M | ||
| Q2 25 | $19.0M | $4.6M | ||
| Q1 25 | $31.7M | $5.7M | ||
| Q4 24 | $63.2M | $59.7M | ||
| Q3 24 | $17.2M | $17.6M | ||
| Q2 24 | $8.7M | $15.9M |
自由现金流IBCPRMAX
| Q1 26 | — | — | ||
| Q4 25 | $70.2M | $33.5M | ||
| Q3 25 | $16.5M | $16.4M | ||
| Q2 25 | $16.7M | $2.9M | ||
| Q1 25 | $30.6M | $4.0M | ||
| Q4 24 | $55.2M | $53.0M | ||
| Q3 24 | $15.7M | $16.3M | ||
| Q2 24 | $7.0M | $14.0M |
自由现金流率IBCPRMAX
| Q1 26 | — | — | ||
| Q4 25 | 120.3% | 47.1% | ||
| Q3 25 | 28.9% | 22.4% | ||
| Q2 25 | 29.8% | 4.0% | ||
| Q1 25 | 56.5% | 5.3% | ||
| Q4 24 | 89.1% | 73.2% | ||
| Q3 24 | 30.6% | 20.8% | ||
| Q2 24 | 12.3% | 17.8% |
资本支出强度IBCPRMAX
| Q1 26 | — | — | ||
| Q4 25 | 11.1% | 10.4% | ||
| Q3 25 | 2.9% | 1.8% | ||
| Q2 25 | 4.1% | 2.2% | ||
| Q1 25 | 2.1% | 2.3% | ||
| Q4 24 | 12.8% | 9.1% | ||
| Q3 24 | 2.9% | 1.7% | ||
| Q2 24 | 3.1% | 2.4% |
现金转化率IBCPRMAX
| Q1 26 | — | — | ||
| Q4 25 | 4.13× | 28.39× | ||
| Q3 25 | 1.04× | 4.45× | ||
| Q2 25 | 1.12× | 0.97× | ||
| Q1 25 | 2.03× | — | ||
| Q4 24 | 3.42× | 10.28× | ||
| Q3 24 | 1.25× | 18.22× | ||
| Q2 24 | 0.47× | 4.29× |
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
IBCP
| Net Interest Income | $46.9M | 80% |
| Noninterest Income | $12.0M | 20% |
RMAX
| Franchising Segment | $50.1M | 70% |
| Broker Fees | $13.9M | 20% |
| Annual Dues | $7.4M | 10% |
