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Ibotta, Inc.（IBTA）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
Ibotta, Inc.的季度营收约是RE/MAX Holdings, Inc.的1.2倍（$88.5M vs $71.1M），RE/MAX Holdings, Inc.同比增速更快（-1.8% vs -10.0%），RE/MAX Holdings, Inc.自由现金流更多（$33.5M vs $20.3M），过去两年Ibotta, Inc.的营收复合增速更高（3.7% vs -4.7%）
Ibotta, Inc.是总部位于美国科罗拉多州丹佛市的移动科技公司，成立于2011年，目前仅在美国开展业务。公司依托自主开发的Ibotta绩效网络与面向消费者的手机应用，为各类消费提供现金返现奖励，同时与快速消费品品牌及网络发行商合作，还推出了返现即服务业务。
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。
IBTA vs RMAX — 直观对比
营收规模更大
IBTA
是对方的1.2倍
$71.1M
营收增速更快
RMAX
高出8.2%
-10.0%
自由现金流更多
RMAX
多$13.2M
$20.3M
两年增速更快
IBTA
近两年复合增速
-4.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $88.5M | $71.1M |
| 净利润 | — | $1.4M |
| 毛利率 | 78.7% | — |
| 营业利润率 | -1.9% | 13.1% |
| 净利率 | — | 2.0% |
| 营收同比 | -10.0% | -1.8% |
| 净利润同比 | — | -75.2% |
| 每股收益（稀释后） | $-0.03 | — |
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IBTARMAX
| Q4 25 | $88.5M | $71.1M | ||
| Q3 25 | $83.3M | $73.2M | ||
| Q2 25 | $86.0M | $72.8M | ||
| Q1 25 | $84.6M | $74.5M | ||
| Q4 24 | $98.4M | $72.5M | ||
| Q3 24 | $98.6M | $78.5M | ||
| Q2 24 | $87.9M | $78.5M | ||
| Q1 24 | $82.3M | $78.3M |
净利润IBTARMAX
| Q4 25 | — | $1.4M | ||
| Q3 25 | $1.5M | $4.0M | ||
| Q2 25 | $2.5M | $4.7M | ||
| Q1 25 | $555.0K | $-2.0M | ||
| Q4 24 | — | $5.8M | ||
| Q3 24 | $17.2M | $966.0K | ||
| Q2 24 | $-34.0M | $3.7M | ||
| Q1 24 | $9.3M | $-3.4M |
毛利率IBTARMAX
| Q4 25 | 78.7% | — | ||
| Q3 25 | 79.4% | — | ||
| Q2 25 | 79.2% | — | ||
| Q1 25 | 79.8% | — | ||
| Q4 24 | 84.6% | — | ||
| Q3 24 | 87.7% | — | ||
| Q2 24 | 86.0% | — | ||
| Q1 24 | 87.2% | — |
营业利润率IBTARMAX
| Q4 25 | -1.9% | 13.1% | ||
| Q3 25 | 2.8% | 25.0% | ||
| Q2 25 | 1.4% | 19.3% | ||
| Q1 25 | -3.3% | 7.2% | ||
| Q4 24 | 13.2% | 5.9% | ||
| Q3 24 | 21.0% | 19.4% | ||
| Q2 24 | -24.6% | 20.6% | ||
| Q1 24 | 19.3% | 5.8% |
净利率IBTARMAX
| Q4 25 | — | 2.0% | ||
| Q3 25 | 1.8% | 5.4% | ||
| Q2 25 | 2.9% | 6.4% | ||
| Q1 25 | 0.7% | -2.6% | ||
| Q4 24 | — | 8.0% | ||
| Q3 24 | 17.5% | 1.2% | ||
| Q2 24 | -38.6% | 4.7% | ||
| Q1 24 | 11.3% | -4.3% |
每股收益（稀释后）IBTARMAX
| Q4 25 | $-0.03 | — | ||
| Q3 25 | $0.05 | — | ||
| Q2 25 | $0.08 | — | ||
| Q1 25 | $0.02 | — | ||
| Q4 24 | $3.04 | — | ||
| Q3 24 | $0.51 | — | ||
| Q2 24 | $-1.32 | — | ||
| Q1 24 | $0.33 | — |
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 | $186.6M | $118.7M |
| 总债务越低越好 | $0 | $432.2M |
| 股东权益账面价值 | $287.7M | $452.4M |
| 总资产 | $525.9M | $582.5M |
| 负债/权益比越低杠杆越低 | 0.00× | 0.96× |
8季度趋势，按日历期对齐
现金及短期投资IBTARMAX
| Q4 25 | $186.6M | $118.7M | ||
| Q3 25 | $223.3M | $107.5M | ||
| Q2 25 | $250.5M | $94.3M | ||
| Q1 25 | $297.1M | $89.1M | ||
| Q4 24 | $349.3M | $96.6M | ||
| Q3 24 | $341.3M | $83.8M | ||
| Q2 24 | $317.9M | $66.1M | ||
| Q1 24 | $79.5M | $82.1M |
总债务IBTARMAX
| Q4 25 | $0 | $432.2M | ||
| Q3 25 | — | $433.3M | ||
| Q2 25 | — | $434.4M | ||
| Q1 25 | — | $435.3M | ||
| Q4 24 | $0 | $436.2M | ||
| Q3 24 | $0 | $437.2M | ||
| Q2 24 | $0 | $438.1M | ||
| Q1 24 | $65.3M | $439.0M |
股东权益IBTARMAX
| Q4 25 | $287.7M | $452.4M | ||
| Q3 25 | $329.6M | $448.1M | ||
| Q2 25 | $354.1M | $442.4M | ||
| Q1 25 | $401.3M | $433.5M | ||
| Q4 24 | $457.3M | $429.5M | ||
| Q3 24 | $378.0M | $423.1M | ||
| Q2 24 | $359.7M | $418.4M | ||
| Q1 24 | $44.1M | $412.0M |
总资产IBTARMAX
| Q4 25 | $525.9M | $582.5M | ||
| Q3 25 | $569.4M | $582.2M | ||
| Q2 25 | $600.8M | $574.8M | ||
| Q1 25 | $639.3M | $571.4M | ||
| Q4 24 | $678.4M | $581.6M | ||
| Q3 24 | $598.3M | $578.6M | ||
| Q2 24 | $556.0M | $571.4M | ||
| Q1 24 | $322.1M | $566.7M |
负债/权益比IBTARMAX
| Q4 25 | 0.00× | 0.96× | ||
| Q3 25 | — | 0.97× | ||
| Q2 25 | — | 0.98× | ||
| Q1 25 | — | 1.00× | ||
| Q4 24 | 0.00× | 1.02× | ||
| Q3 24 | 0.00× | 1.03× | ||
| Q2 24 | 0.00× | 1.05× | ||
| Q1 24 | 1.48× | 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 | $27.8M | $40.9M |
| 自由现金流经营现金流 - 资本支出 | $20.3M | $33.5M |
| 自由现金流率自由现金流/营收 | 22.9% | 47.1% |
| 资本支出强度资本支出/营收 | 8.5% | 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 | $75.0M | $56.8M |
8季度趋势，按日历期对齐
经营现金流IBTARMAX
| Q4 25 | $27.8M | $40.9M | ||
| Q3 25 | $21.8M | $17.7M | ||
| Q2 25 | $25.9M | $4.6M | ||
| Q1 25 | $19.9M | $5.7M | ||
| Q4 24 | $22.0M | $59.7M | ||
| Q3 24 | $39.5M | $17.6M | ||
| Q2 24 | $35.0M | $15.9M | ||
| Q1 24 | $19.4M | $9.4M |
自由现金流IBTARMAX
| Q4 25 | $20.3M | $33.5M | ||
| Q3 25 | $14.5M | $16.4M | ||
| Q2 25 | $22.2M | $2.9M | ||
| Q1 25 | $18.0M | $4.0M | ||
| Q4 24 | $21.8M | $53.0M | ||
| Q3 24 | $39.2M | $16.3M | ||
| Q2 24 | $34.8M | $14.0M | ||
| Q1 24 | $19.2M | $6.8M |
自由现金流率IBTARMAX
| Q4 25 | 22.9% | 47.1% | ||
| Q3 25 | 17.4% | 22.4% | ||
| Q2 25 | 25.8% | 4.0% | ||
| Q1 25 | 21.2% | 5.3% | ||
| Q4 24 | 22.1% | 73.2% | ||
| Q3 24 | 39.8% | 20.8% | ||
| Q2 24 | 39.6% | 17.8% | ||
| Q1 24 | 23.3% | 8.6% |
资本支出强度IBTARMAX
| Q4 25 | 8.5% | 10.4% | ||
| Q3 25 | 8.7% | 1.8% | ||
| Q2 25 | 4.2% | 2.2% | ||
| Q1 25 | 2.2% | 2.3% | ||
| Q4 24 | 0.2% | 9.1% | ||
| Q3 24 | 0.3% | 1.7% | ||
| Q2 24 | 0.2% | 2.4% | ||
| Q1 24 | 0.2% | 3.3% |
现金转化率IBTARMAX
| Q4 25 | — | 28.39× | ||
| Q3 25 | 14.19× | 4.45× | ||
| Q2 25 | 10.38× | 0.97× | ||
| Q1 25 | 35.78× | — | ||
| Q4 24 | — | 10.28× | ||
| Q3 24 | 2.29× | 18.22× | ||
| Q2 24 | — | 4.29× | ||
| Q1 24 | 2.08× | — |
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
IBTA
| Redemption Revenue | $78.5M | 89% |
| Ad Other Revenue | $10.0M | 11% |
| Breakage | $2.1M | 2% |
RMAX
| Franchising Segment | $50.1M | 70% |
| Broker Fees | $13.9M | 20% |
| Annual Dues | $7.4M | 10% |
