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iQSTEL Inc（IQST）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
iQSTEL Inc的季度营收约是RE/MAX Holdings, Inc.的1.2倍（$84.2M vs $71.1M），RE/MAX Holdings, Inc.净利率更高（2.0% vs -3.2%，领先5.2%），RE/MAX Holdings, Inc.同比增速更快（-1.8% vs -14.9%），RE/MAX Holdings, Inc.自由现金流更多（$33.5M vs $-1.2M），过去两年iQSTEL Inc的营收复合增速更高（28.0% vs -4.7%）
iQSTEL Inc是一家科技控股企业，业务覆盖电信、物联网与金融科技三大核心领域，面向南北美洲市场的中小企业及零售用户提供高性价比的通信服务、智能物联网监测解决方案及数字化金融工具。
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。
IQST vs RMAX — 直观对比
营收规模更大
IQST
是对方的1.2倍
$71.1M
营收增速更快
RMAX
高出13.0%
-14.9%
净利率更高
RMAX
高出5.2%
-3.2%
自由现金流更多
RMAX
多$34.7M
$-1.2M
两年增速更快
IQST
近两年复合增速
-4.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $84.2M | $71.1M |
| 净利润 | $-2.7M | $1.4M |
| 毛利率 | 3.5% | — |
| 营业利润率 | -2.9% | 13.1% |
| 净利率 | -3.2% | 2.0% |
| 营收同比 | -14.9% | -1.8% |
| 净利润同比 | -44.5% | -75.2% |
| 每股收益（稀释后） | $-0.92 | — |
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IQSTRMAX
| Q4 25 | $84.2M | $71.1M | ||
| Q3 25 | $102.9M | $73.2M | ||
| Q2 25 | $72.2M | $72.8M | ||
| Q1 25 | $57.6M | $74.5M | ||
| Q4 24 | $98.9M | $72.5M | ||
| Q3 24 | $54.2M | $78.5M | ||
| Q2 24 | $78.6M | $78.5M | ||
| Q1 24 | $51.4M | $78.3M |
净利润IQSTRMAX
| Q4 25 | $-2.7M | $1.4M | ||
| Q3 25 | $-2.3M | $4.0M | ||
| Q2 25 | $-2.3M | $4.7M | ||
| Q1 25 | $-1.1M | $-2.0M | ||
| Q4 24 | $-1.9M | $5.8M | ||
| Q3 24 | $-773.0K | $966.0K | ||
| Q2 24 | $-2.0M | $3.7M | ||
| Q1 24 | $-580.2K | $-3.4M |
毛利率IQSTRMAX
| Q4 25 | 3.5% | — | ||
| Q3 25 | 2.7% | — | ||
| Q2 25 | 2.6% | — | ||
| Q1 25 | 3.4% | — | ||
| Q4 24 | 2.7% | — | ||
| Q3 24 | 3.7% | — | ||
| Q2 24 | 2.8% | — | ||
| Q1 24 | 2.7% | — |
营业利润率IQSTRMAX
| Q4 25 | -2.9% | 13.1% | ||
| Q3 25 | -0.5% | 25.0% | ||
| Q2 25 | -0.9% | 19.3% | ||
| Q1 25 | -1.0% | 7.2% | ||
| Q4 24 | -0.3% | 5.9% | ||
| Q3 24 | -0.1% | 19.4% | ||
| Q2 24 | -0.4% | 20.6% | ||
| Q1 24 | -0.4% | 5.8% |
净利率IQSTRMAX
| Q4 25 | -3.2% | 2.0% | ||
| Q3 25 | -2.3% | 5.4% | ||
| Q2 25 | -3.3% | 6.4% | ||
| Q1 25 | -2.0% | -2.6% | ||
| Q4 24 | -1.9% | 8.0% | ||
| Q3 24 | -1.4% | 1.2% | ||
| Q2 24 | -2.5% | 4.7% | ||
| Q1 24 | -1.1% | -4.3% |
每股收益（稀释后）IQSTRMAX
| Q4 25 | $-0.92 | — | ||
| Q3 25 | $-0.68 | — | ||
| Q2 25 | $-0.82 | — | ||
| Q1 25 | $-0.44 | — | ||
| Q4 24 | $-1.19 | — | ||
| Q3 24 | $-0.40 | — | ||
| Q2 24 | $-0.90 | — | ||
| Q1 24 | $-0.37 | — |
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 | $2.2M | $118.7M |
| 总债务越低越好 | $4.1M | $432.2M |
| 股东权益账面价值 | $16.3M | $452.4M |
| 总资产 | $51.1M | $582.5M |
| 负债/权益比越低杠杆越低 | 0.25× | 0.96× |
8季度趋势，按日历期对齐
现金及短期投资IQSTRMAX
| Q4 25 | $2.2M | $118.7M | ||
| Q3 25 | $2.3M | $107.5M | ||
| Q2 25 | $2.0M | $94.3M | ||
| Q1 25 | $1.1M | $89.1M | ||
| Q4 24 | $2.5M | $96.6M | ||
| Q3 24 | $2.1M | $83.8M | ||
| Q2 24 | $797.2K | $66.1M | ||
| Q1 24 | $2.7M | $82.1M |
总债务IQSTRMAX
| Q4 25 | $4.1M | $432.2M | ||
| Q3 25 | $2.7M | $433.3M | ||
| Q2 25 | $4.5M | $434.4M | ||
| Q1 25 | $3.5M | $435.3M | ||
| Q4 24 | $2.5M | $436.2M | ||
| Q3 24 | $3.2M | $437.2M | ||
| Q2 24 | $2.5M | $438.1M | ||
| Q1 24 | $194.0K | $439.0M |
股东权益IQSTRMAX
| Q4 25 | $16.3M | $452.4M | ||
| Q3 25 | $17.9M | $448.1M | ||
| Q2 25 | $14.3M | $442.4M | ||
| Q1 25 | $11.6M | $433.5M | ||
| Q4 24 | $11.9M | $429.5M | ||
| Q3 24 | $8.1M | $423.1M | ||
| Q2 24 | $7.6M | $418.4M | ||
| Q1 24 | $8.4M | $412.0M |
总资产IQSTRMAX
| Q4 25 | $51.1M | $582.5M | ||
| Q3 25 | $46.9M | $582.2M | ||
| Q2 25 | $51.4M | $574.8M | ||
| Q1 25 | $42.0M | $571.4M | ||
| Q4 24 | $79.0M | $581.6M | ||
| Q3 24 | $32.4M | $578.6M | ||
| Q2 24 | $30.0M | $571.4M | ||
| Q1 24 | $22.1M | $566.7M |
负债/权益比IQSTRMAX
| Q4 25 | 0.25× | 0.96× | ||
| Q3 25 | 0.15× | 0.97× | ||
| Q2 25 | 0.31× | 0.98× | ||
| Q1 25 | 0.31× | 1.00× | ||
| Q4 24 | 0.21× | 1.02× | ||
| Q3 24 | 0.40× | 1.03× | ||
| Q2 24 | 0.34× | 1.05× | ||
| Q1 24 | 0.02× | 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 | $-1.2M | $40.9M |
| 自由现金流经营现金流 - 资本支出 | $-1.2M | $33.5M |
| 自由现金流率自由现金流/营收 | -1.5% | 47.1% |
| 资本支出强度资本支出/营收 | 0.0% | 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 | $-4.0M | $56.8M |
8季度趋势，按日历期对齐
经营现金流IQSTRMAX
| Q4 25 | $-1.2M | $40.9M | ||
| Q3 25 | $-953.0K | $17.7M | ||
| Q2 25 | $257.7K | $4.6M | ||
| Q1 25 | $-1.9M | $5.7M | ||
| Q4 24 | $-403.7K | $59.7M | ||
| Q3 24 | $625.0K | $17.6M | ||
| Q2 24 | $-2.6M | $15.9M | ||
| Q1 24 | $-536.9K | $9.4M |
自由现金流IQSTRMAX
| Q4 25 | $-1.2M | $33.5M | ||
| Q3 25 | $-969.2K | $16.4M | ||
| Q2 25 | $211.7K | $2.9M | ||
| Q1 25 | $-2.0M | $4.0M | ||
| Q4 24 | $-421.3K | $53.0M | ||
| Q3 24 | $594.5K | $16.3M | ||
| Q2 24 | $-2.6M | $14.0M | ||
| Q1 24 | $-608.5K | $6.8M |
自由现金流率IQSTRMAX
| Q4 25 | -1.5% | 47.1% | ||
| Q3 25 | -0.9% | 22.4% | ||
| Q2 25 | 0.3% | 4.0% | ||
| Q1 25 | -3.4% | 5.3% | ||
| Q4 24 | -0.4% | 73.2% | ||
| Q3 24 | 1.1% | 20.8% | ||
| Q2 24 | -3.4% | 17.8% | ||
| Q1 24 | -1.2% | 8.6% |
资本支出强度IQSTRMAX
| Q4 25 | 0.0% | 10.4% | ||
| Q3 25 | 0.0% | 1.8% | ||
| Q2 25 | 0.1% | 2.2% | ||
| Q1 25 | 0.1% | 2.3% | ||
| Q4 24 | 0.0% | 9.1% | ||
| Q3 24 | 0.1% | 1.7% | ||
| Q2 24 | 0.0% | 2.4% | ||
| Q1 24 | 0.1% | 3.3% |
现金转化率IQSTRMAX
| 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
IQST
| USA | $53.2M | 63% |
| Other | $29.9M | 35% |
| Switzerland | $1.1M | 1% |
RMAX
| Franchising Segment | $50.1M | 70% |
| Broker Fees | $13.9M | 20% |
| Annual Dues | $7.4M | 10% |
