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牛津地产（IIPR）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.的季度营收约是牛津地产的1.1倍（$71.1M vs $66.7M），牛津地产净利率更高（47.8% vs 2.0%，领先45.7%），RE/MAX Holdings, Inc.同比增速更快（-1.8% vs -13.1%），过去两年RE/MAX Holdings, Inc.的营收复合增速更高（-4.7% vs -6.0%）
牛津地产是一家加拿大跨国企业，业务涵盖房地产投资、开发与物业管理。其投资组合包含写字楼、零售、工业、多户住宅、生命科学及酒店类资产。该公司1960年以私营企业形式创立，自2003年起成为安大略省市政雇员退休系统（OMERS）的全资子公司，总部设于多伦多，在纽约、伦敦、澳大利亚、新加坡及卢森堡均设有区域总部。
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。
IIPR vs RMAX — 直观对比
营收规模更大
RMAX
是对方的1.1倍
$66.7M
营收增速更快
RMAX
高出11.3%
-13.1%
净利率更高
IIPR
高出45.7%
2.0%
两年增速更快
RMAX
近两年复合增速
-6.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $66.7M | $71.1M |
| 净利润 | $31.8M | $1.4M |
| 毛利率 | — | — |
| 营业利润率 | 47.8% | 13.1% |
| 净利率 | 47.8% | 2.0% |
| 营收同比 | -13.1% | -1.8% |
| 净利润同比 | -20.4% | -75.2% |
| 每股收益（稀释后） | $1.07 | — |
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IIPRRMAX
| Q4 25 | $66.7M | $71.1M | ||
| Q3 25 | $64.7M | $73.2M | ||
| Q2 25 | $62.9M | $72.8M | ||
| Q1 25 | $71.7M | $74.5M | ||
| Q4 24 | $76.7M | $72.5M | ||
| Q3 24 | $76.5M | $78.5M | ||
| Q2 24 | $79.8M | $78.5M | ||
| Q1 24 | $75.5M | $78.3M |
净利润IIPRRMAX
| Q4 25 | $31.8M | $1.4M | ||
| Q3 25 | $29.3M | $4.0M | ||
| Q2 25 | $26.0M | $4.7M | ||
| Q1 25 | $31.1M | $-2.0M | ||
| Q4 24 | $40.0M | $5.8M | ||
| Q3 24 | $40.2M | $966.0K | ||
| Q2 24 | $42.0M | $3.7M | ||
| Q1 24 | $39.4M | $-3.4M |
营业利润率IIPRRMAX
| Q4 25 | 47.8% | 13.1% | ||
| Q3 25 | 45.5% | 25.0% | ||
| Q2 25 | 45.9% | 19.3% | ||
| Q1 25 | 47.4% | 7.2% | ||
| Q4 24 | 54.7% | 5.9% | ||
| Q3 24 | 54.8% | 19.4% | ||
| Q2 24 | 53.1% | 20.6% | ||
| Q1 24 | 55.7% | 5.8% |
净利率IIPRRMAX
| Q4 25 | 47.8% | 2.0% | ||
| Q3 25 | 45.3% | 5.4% | ||
| Q2 25 | 41.4% | 6.4% | ||
| Q1 25 | 43.3% | -2.6% | ||
| Q4 24 | 52.2% | 8.0% | ||
| Q3 24 | 52.6% | 1.2% | ||
| Q2 24 | 52.6% | 4.7% | ||
| Q1 24 | 52.3% | -4.3% |
每股收益（稀释后）IIPRRMAX
| Q4 25 | $1.07 | — | ||
| Q3 25 | $0.97 | — | ||
| Q2 25 | $0.86 | — | ||
| Q1 25 | $1.03 | — | ||
| Q4 24 | $1.35 | — | ||
| Q3 24 | $1.37 | — | ||
| Q2 24 | $1.44 | — | ||
| Q1 24 | $1.36 | — |
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 | $47.6M | $118.7M |
| 总债务越低越好 | $393.7M | $432.2M |
| 股东权益账面价值 | $1.8B | $452.4M |
| 总资产 | $2.4B | $582.5M |
| 负债/权益比越低杠杆越低 | 0.21× | 0.96× |
8季度趋势，按日历期对齐
现金及短期投资IIPRRMAX
| Q4 25 | $47.6M | $118.7M | ||
| Q3 25 | $41.9M | $107.5M | ||
| Q2 25 | $104.9M | $94.3M | ||
| Q1 25 | $133.3M | $89.1M | ||
| Q4 24 | $151.2M | $96.6M | ||
| Q3 24 | $172.4M | $83.8M | ||
| Q2 24 | $160.9M | $66.1M | ||
| Q1 24 | $173.5M | $82.1M |
总债务IIPRRMAX
| Q4 25 | $393.7M | $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IIPRRMAX
| Q4 25 | $1.8B | $452.4M | ||
| Q3 25 | $1.9B | $448.1M | ||
| Q2 25 | $1.9B | $442.4M | ||
| Q1 25 | $1.9B | $433.5M | ||
| Q4 24 | $1.9B | $429.5M | ||
| Q3 24 | $1.9B | $423.1M | ||
| Q2 24 | $1.9B | $418.4M | ||
| Q1 24 | $2.0B | $412.0M |
总资产IIPRRMAX
| Q4 25 | $2.4B | $582.5M | ||
| Q3 25 | $2.3B | $582.2M | ||
| Q2 25 | $2.3B | $574.8M | ||
| Q1 25 | $2.4B | $571.4M | ||
| Q4 24 | $2.4B | $581.6M | ||
| Q3 24 | $2.4B | $578.6M | ||
| Q2 24 | $2.4B | $571.4M | ||
| Q1 24 | $2.4B | $566.7M |
负债/权益比IIPRRMAX
| Q4 25 | 0.21× | 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 | $198.2M | $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 | 6.22× | 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IIPRRMAX
| Q4 25 | $198.2M | $40.9M | ||
| Q3 25 | $45.6M | $17.7M | ||
| Q2 25 | $48.4M | $4.6M | ||
| Q1 25 | $54.2M | $5.7M | ||
| Q4 24 | $258.4M | $59.7M | ||
| Q3 24 | $64.9M | $17.6M | ||
| Q2 24 | $64.2M | $15.9M | ||
| Q1 24 | $71.6M | $9.4M |
自由现金流IIPRRMAX
| Q4 25 | — | $33.5M | ||
| Q3 25 | — | $16.4M | ||
| Q2 25 | — | $2.9M | ||
| Q1 25 | — | $4.0M | ||
| Q4 24 | — | $53.0M | ||
| Q3 24 | — | $16.3M | ||
| Q2 24 | — | $14.0M | ||
| Q1 24 | — | $6.8M |
自由现金流率IIPRRMAX
| Q4 25 | — | 47.1% | ||
| Q3 25 | — | 22.4% | ||
| Q2 25 | — | 4.0% | ||
| Q1 25 | — | 5.3% | ||
| Q4 24 | — | 73.2% | ||
| Q3 24 | — | 20.8% | ||
| Q2 24 | — | 17.8% | ||
| Q1 24 | — | 8.6% |
资本支出强度IIPRRMAX
| Q4 25 | — | 10.4% | ||
| Q3 25 | — | 1.8% | ||
| Q2 25 | — | 2.2% | ||
| Q1 25 | — | 2.3% | ||
| Q4 24 | — | 9.1% | ||
| Q3 24 | — | 1.7% | ||
| Q2 24 | — | 2.4% | ||
| Q1 24 | — | 3.3% |
现金转化率IIPRRMAX
| Q4 25 | 6.22× | 28.39× | ||
| Q3 25 | 1.56× | 4.45× | ||
| Q2 25 | 1.86× | 0.97× | ||
| Q1 25 | 1.75× | — | ||
| Q4 24 | 6.46× | 10.28× | ||
| Q3 24 | 1.61× | 18.22× | ||
| Q2 24 | 1.53× | 4.29× | ||
| Q1 24 | 1.82× | — |
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
IIPR
暂无分部数据
RMAX
| Franchising Segment | $50.1M | 70% |
| Broker Fees | $13.9M | 20% |
| Annual Dues | $7.4M | 10% |
