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Inogen Inc（INGN）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Inogen Inc的1.0倍（$71.1M vs $68.6M），Inogen Inc同比增速更快（3.4% vs -1.8%），RE/MAX Holdings, Inc.自由现金流更多（$33.5M vs $-1.9M），过去两年Inogen Inc的营收复合增速更高（4.2% vs -4.7%）
Inogen Inc是一家专注于呼吸医疗设备领域的医疗科技企业，主要研发、生产和销售便携式制氧机及配套呼吸护理产品，面向北美、欧洲等地区需要长期氧疗的慢性呼吸系统疾病患者，服务居家及出行场景，提升用户生活质量。
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。
INGN vs RMAX — 直观对比
营收规模更大
RMAX
是对方的1.0倍
$68.6M
营收增速更快
INGN
高出5.3%
-1.8%
自由现金流更多
RMAX
多$35.4M
$-1.9M
两年增速更快
INGN
近两年复合增速
-4.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $68.6M | $71.1M |
| 净利润 | — | $1.4M |
| 毛利率 | 51.4% | — |
| 营业利润率 | -13.6% | 13.1% |
| 净利率 | — | 2.0% |
| 营收同比 | 3.4% | -1.8% |
| 净利润同比 | — | -75.2% |
| 每股收益（稀释后） | $-0.26 | — |
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INGNRMAX
| Q4 25 | $68.6M | $71.1M | ||
| Q3 25 | $79.1M | $73.2M | ||
| Q2 25 | $79.2M | $72.8M | ||
| Q1 25 | $68.5M | $74.5M | ||
| Q4 24 | $66.3M | $72.5M | ||
| Q3 24 | $74.9M | $78.5M | ||
| Q2 24 | $74.4M | $78.5M | ||
| Q1 24 | $63.1M | $78.3M |
净利润INGNRMAX
| Q4 25 | — | $1.4M | ||
| Q3 25 | $-5.3M | $4.0M | ||
| Q2 25 | $-4.2M | $4.7M | ||
| Q1 25 | $-6.2M | $-2.0M | ||
| Q4 24 | — | $5.8M | ||
| Q3 24 | $-6.0M | $966.0K | ||
| Q2 24 | $-5.6M | $3.7M | ||
| Q1 24 | $-14.6M | $-3.4M |
毛利率INGNRMAX
| Q4 25 | 51.4% | — | ||
| Q3 25 | 52.2% | — | ||
| Q2 25 | 52.2% | — | ||
| Q1 25 | 53.1% | — | ||
| Q4 24 | 54.7% | — | ||
| Q3 24 | 55.2% | — | ||
| Q2 24 | 57.4% | — | ||
| Q1 24 | 54.5% | — |
营业利润率INGNRMAX
| Q4 25 | -13.6% | 13.1% | ||
| Q3 25 | -9.0% | 25.0% | ||
| Q2 25 | -7.7% | 19.3% | ||
| Q1 25 | -11.2% | 7.2% | ||
| Q4 24 | -17.2% | 5.9% | ||
| Q3 24 | -10.4% | 19.4% | ||
| Q2 24 | -9.5% | 20.6% | ||
| Q1 24 | -25.8% | 5.8% |
净利率INGNRMAX
| Q4 25 | — | 2.0% | ||
| Q3 25 | -6.7% | 5.4% | ||
| Q2 25 | -5.2% | 6.4% | ||
| Q1 25 | -9.0% | -2.6% | ||
| Q4 24 | — | 8.0% | ||
| Q3 24 | -8.0% | 1.2% | ||
| Q2 24 | -7.5% | 4.7% | ||
| Q1 24 | -23.1% | -4.3% |
每股收益（稀释后）INGNRMAX
| Q4 25 | $-0.26 | — | ||
| Q3 25 | $-0.20 | — | ||
| Q2 25 | $-0.15 | — | ||
| Q1 25 | $-0.25 | — | ||
| Q4 24 | $-0.41 | — | ||
| Q3 24 | $-0.25 | — | ||
| Q2 24 | $-0.24 | — | ||
| Q1 24 | $-0.62 | — |
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 | $103.7M | $118.7M |
| 总债务越低越好 | — | $432.2M |
| 股东权益账面价值 | $192.2M | $452.4M |
| 总资产 | $298.6M | $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INGNRMAX
| Q4 25 | $103.7M | $118.7M | ||
| Q3 25 | $106.5M | $107.5M | ||
| Q2 25 | $103.7M | $94.3M | ||
| Q1 25 | $118.9M | $89.1M | ||
| Q4 24 | $113.8M | $96.6M | ||
| Q3 24 | $105.7M | $83.8M | ||
| Q2 24 | $97.9M | $66.1M | ||
| Q1 24 | $107.4M | $82.1M |
总债务INGNRMAX
| 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INGNRMAX
| Q4 25 | $192.2M | $452.4M | ||
| Q3 25 | $197.2M | $448.1M | ||
| Q2 25 | $199.5M | $442.4M | ||
| Q1 25 | $198.0M | $433.5M | ||
| Q4 24 | $173.9M | $429.5M | ||
| Q3 24 | $185.4M | $423.1M | ||
| Q2 24 | $187.6M | $418.4M | ||
| Q1 24 | $191.9M | $412.0M |
总资产INGNRMAX
| Q4 25 | $298.6M | $582.5M | ||
| Q3 25 | $307.0M | $582.2M | ||
| Q2 25 | $312.0M | $574.8M | ||
| Q1 25 | $308.4M | $571.4M | ||
| Q4 24 | $296.2M | $581.6M | ||
| Q3 24 | $306.2M | $578.6M | ||
| Q2 24 | $308.9M | $571.4M | ||
| Q1 24 | $315.6M | $566.7M |
负债/权益比INGNRMAX
| 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 | $-943.0K | $40.9M |
| 自由现金流经营现金流 - 资本支出 | $-1.9M | $33.5M |
| 自由现金流率自由现金流/营收 | -2.8% | 47.1% |
| 资本支出强度资本支出/营收 | 1.4% | 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 | $-13.7M | $56.8M |
8季度趋势，按日历期对齐
经营现金流INGNRMAX
| Q4 25 | $-943.0K | $40.9M | ||
| Q3 25 | $2.2M | $17.7M | ||
| Q2 25 | $4.3M | $4.6M | ||
| Q1 25 | $-16.8M | $5.7M | ||
| Q4 24 | $-3.0M | $59.7M | ||
| Q3 24 | $7.0M | $17.6M | ||
| Q2 24 | $6.7M | $15.9M | ||
| Q1 24 | $-4.7M | $9.4M |
自由现金流INGNRMAX
| Q4 25 | $-1.9M | $33.5M | ||
| Q3 25 | $1.6M | $16.4M | ||
| Q2 25 | $3.7M | $2.9M | ||
| Q1 25 | $-17.1M | $4.0M | ||
| Q4 24 | $-3.3M | $53.0M | ||
| Q3 24 | $5.3M | $16.3M | ||
| Q2 24 | $6.6M | $14.0M | ||
| Q1 24 | $-6.1M | $6.8M |
自由现金流率INGNRMAX
| Q4 25 | -2.8% | 47.1% | ||
| Q3 25 | 2.0% | 22.4% | ||
| Q2 25 | 4.6% | 4.0% | ||
| Q1 25 | -24.9% | 5.3% | ||
| Q4 24 | -5.0% | 73.2% | ||
| Q3 24 | 7.1% | 20.8% | ||
| Q2 24 | 8.9% | 17.8% | ||
| Q1 24 | -9.6% | 8.6% |
资本支出强度INGNRMAX
| Q4 25 | 1.4% | 10.4% | ||
| Q3 25 | 0.7% | 1.8% | ||
| Q2 25 | 0.9% | 2.2% | ||
| Q1 25 | 0.4% | 2.3% | ||
| Q4 24 | 0.5% | 9.1% | ||
| Q3 24 | 2.2% | 1.7% | ||
| Q2 24 | 0.1% | 2.4% | ||
| Q1 24 | 2.1% | 3.3% |
现金转化率INGNRMAX
| 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
INGN
| Other | $36.1M | 53% |
| Non Us | $32.5M | 47% |
RMAX
| Franchising Segment | $50.1M | 70% |
| Broker Fees | $13.9M | 20% |
| Annual Dues | $7.4M | 10% |
