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indie Semiconductor, Inc.（INDI）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indie Semiconductor, Inc.的1.2倍（$71.1M vs $58.0M），RE/MAX Holdings, Inc.净利率更高（2.0% vs -53.8%，领先55.9%），indie Semiconductor, Inc.同比增速更快（-0.0% vs -1.8%），RE/MAX Holdings, Inc.自由现金流更多（$33.5M vs $-16.1M），过去两年indie Semiconductor, Inc.的营收复合增速更高（5.3% vs -4.7%）
indie Semiconductor是一家无晶圆厂半导体企业，专注于设计高性能混合信号及嵌入式片上系统解决方案，核心面向汽车领域，产品覆盖高级驾驶辅助、车载信息娱乐、车联网及电动汽车场景，服务全球汽车整车厂商及一级供应商。
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。
INDI vs RMAX — 直观对比
营收规模更大
RMAX
是对方的1.2倍
$58.0M
营收增速更快
INDI
高出1.8%
-1.8%
净利率更高
RMAX
高出55.9%
-53.8%
自由现金流更多
RMAX
多$49.6M
$-16.1M
两年增速更快
INDI
近两年复合增速
-4.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $58.0M | $71.1M |
| 净利润 | $-31.2M | $1.4M |
| 毛利率 | 37.3% | — |
| 营业利润率 | -58.5% | 13.1% |
| 净利率 | -53.8% | 2.0% |
| 营收同比 | -0.0% | -1.8% |
| 净利润同比 | 9.1% | -75.2% |
| 每股收益（稀释后） | $-0.16 | — |
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INDIRMAX
| Q4 25 | $58.0M | $71.1M | ||
| Q3 25 | $53.7M | $73.2M | ||
| Q2 25 | $51.6M | $72.8M | ||
| Q1 25 | $54.1M | $74.5M | ||
| Q4 24 | $58.0M | $72.5M | ||
| Q3 24 | $54.0M | $78.5M | ||
| Q2 24 | $52.4M | $78.5M | ||
| Q1 24 | $52.4M | $78.3M |
净利润INDIRMAX
| Q4 25 | $-31.2M | $1.4M | ||
| Q3 25 | $-38.3M | $4.0M | ||
| Q2 25 | $-39.0M | $4.7M | ||
| Q1 25 | $-34.5M | $-2.0M | ||
| Q4 24 | $-34.4M | $5.8M | ||
| Q3 24 | $-49.7M | $966.0K | ||
| Q2 24 | $-19.2M | $3.7M | ||
| Q1 24 | $-31.2M | $-3.4M |
毛利率INDIRMAX
| Q4 25 | 37.3% | — | ||
| Q3 25 | 40.1% | — | ||
| Q2 25 | 40.6% | — | ||
| Q1 25 | 41.7% | — | ||
| Q4 24 | 42.6% | — | ||
| Q3 24 | 39.3% | — | ||
| Q2 24 | 42.2% | — | ||
| Q1 24 | 42.5% | — |
营业利润率INDIRMAX
| Q4 25 | -58.5% | 13.1% | ||
| Q3 25 | -71.4% | 25.0% | ||
| Q2 25 | -83.3% | 19.3% | ||
| Q1 25 | -72.0% | 7.2% | ||
| Q4 24 | -58.4% | 5.9% | ||
| Q3 24 | -92.5% | 19.4% | ||
| Q2 24 | -70.0% | 20.6% | ||
| Q1 24 | -94.8% | 5.8% |
净利率INDIRMAX
| Q4 25 | -53.8% | 2.0% | ||
| Q3 25 | -71.3% | 5.4% | ||
| Q2 25 | -75.6% | 6.4% | ||
| Q1 25 | -63.9% | -2.6% | ||
| Q4 24 | -59.2% | 8.0% | ||
| Q3 24 | -92.1% | 1.2% | ||
| Q2 24 | -36.6% | 4.7% | ||
| Q1 24 | -59.6% | -4.3% |
每股收益（稀释后）INDIRMAX
| Q4 25 | $-0.16 | — | ||
| Q3 25 | $-0.19 | — | ||
| Q2 25 | $-0.20 | — | ||
| Q1 25 | $-0.18 | — | ||
| Q4 24 | $-0.18 | — | ||
| Q3 24 | $-0.28 | — | ||
| Q2 24 | $-0.11 | — | ||
| Q1 24 | $-0.19 | — |
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 | $145.5M | $118.7M |
| 总债务越低越好 | $353.4M | $432.2M |
| 股东权益账面价值 | $358.0M | $452.4M |
| 总资产 | $840.8M | $582.5M |
| 负债/权益比越低杠杆越低 | 0.99× | 0.96× |
8季度趋势，按日历期对齐
现金及短期投资INDIRMAX
| Q4 25 | $145.5M | $118.7M | ||
| Q3 25 | $160.9M | $107.5M | ||
| Q2 25 | $192.6M | $94.3M | ||
| Q1 25 | $236.6M | $89.1M | ||
| Q4 24 | $274.2M | $96.6M | ||
| Q3 24 | $96.9M | $83.8M | ||
| Q2 24 | $112.3M | $66.1M | ||
| Q1 24 | $138.2M | $82.1M |
总债务INDIRMAX
| Q4 25 | $353.4M | $432.2M | ||
| Q3 25 | $353.5M | $433.3M | ||
| Q2 25 | $352.5M | $434.4M | ||
| Q1 25 | $379.0M | $435.3M | ||
| Q4 24 | $381.3M | $436.2M | ||
| Q3 24 | — | $437.2M | ||
| Q2 24 | — | $438.1M | ||
| Q1 24 | — | $439.0M |
股东权益INDIRMAX
| Q4 25 | $358.0M | $452.4M | ||
| Q3 25 | $369.2M | $448.1M | ||
| Q2 25 | $390.4M | $442.4M | ||
| Q1 25 | $405.6M | $433.5M | ||
| Q4 24 | $417.9M | $429.5M | ||
| Q3 24 | $458.6M | $423.1M | ||
| Q2 24 | $470.7M | $418.4M | ||
| Q1 24 | $432.9M | $412.0M |
总资产INDIRMAX
| Q4 25 | $840.8M | $582.5M | ||
| Q3 25 | $855.1M | $582.2M | ||
| Q2 25 | $867.6M | $574.8M | ||
| Q1 25 | $909.0M | $571.4M | ||
| Q4 24 | $941.4M | $581.6M | ||
| Q3 24 | $797.5M | $578.6M | ||
| Q2 24 | $797.3M | $571.4M | ||
| Q1 24 | $803.6M | $566.7M |
负债/权益比INDIRMAX
| Q4 25 | 0.99× | 0.96× | ||
| Q3 25 | 0.96× | 0.97× | ||
| Q2 25 | 0.90× | 0.98× | ||
| Q1 25 | 0.93× | 1.00× | ||
| Q4 24 | 0.91× | 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 | $-14.4M | $40.9M |
| 自由现金流经营现金流 - 资本支出 | $-16.1M | $33.5M |
| 自由现金流率自由现金流/营收 | -27.8% | 47.1% |
| 资本支出强度资本支出/营收 | 3.0% | 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 | $-71.4M | $56.8M |
8季度趋势，按日历期对齐
经营现金流INDIRMAX
| Q4 25 | $-14.4M | $40.9M | ||
| Q3 25 | $-6.2M | $17.7M | ||
| Q2 25 | $-7.6M | $4.6M | ||
| Q1 25 | $-29.0M | $5.7M | ||
| Q4 24 | $-6.7M | $59.7M | ||
| Q3 24 | $-22.8M | $17.6M | ||
| Q2 24 | $-19.7M | $15.9M | ||
| Q1 24 | $-9.3M | $9.4M |
自由现金流INDIRMAX
| Q4 25 | $-16.1M | $33.5M | ||
| Q3 25 | $-10.3M | $16.4M | ||
| Q2 25 | $-13.6M | $2.9M | ||
| Q1 25 | $-31.4M | $4.0M | ||
| Q4 24 | $-8.6M | $53.0M | ||
| Q3 24 | $-29.3M | $16.3M | ||
| Q2 24 | $-23.4M | $14.0M | ||
| Q1 24 | $-11.7M | $6.8M |
自由现金流率INDIRMAX
| Q4 25 | -27.8% | 47.1% | ||
| Q3 25 | -19.2% | 22.4% | ||
| Q2 25 | -26.4% | 4.0% | ||
| Q1 25 | -58.0% | 5.3% | ||
| Q4 24 | -14.8% | 73.2% | ||
| Q3 24 | -54.3% | 20.8% | ||
| Q2 24 | -44.7% | 17.8% | ||
| Q1 24 | -22.3% | 8.6% |
资本支出强度INDIRMAX
| Q4 25 | 3.0% | 10.4% | ||
| Q3 25 | 7.8% | 1.8% | ||
| Q2 25 | 11.6% | 2.2% | ||
| Q1 25 | 4.4% | 2.3% | ||
| Q4 24 | 3.2% | 9.1% | ||
| Q3 24 | 12.1% | 1.7% | ||
| Q2 24 | 7.0% | 2.4% | ||
| Q1 24 | 4.4% | 3.3% |
现金转化率INDIRMAX
| 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
INDI
| Products | $55.7M | 96% |
| Services | $2.3M | 4% |
RMAX
| Franchising Segment | $50.1M | 70% |
| Broker Fees | $13.9M | 20% |
| Annual Dues | $7.4M | 10% |
