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InvenTrust Properties Corp.（IVT）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
InvenTrust Properties Corp.的季度营收约是RE/MAX Holdings, Inc.的1.1倍（$77.4M vs $71.1M），InvenTrust Properties Corp.净利率更高（3.4% vs 2.0%，领先1.4%），InvenTrust Properties Corp.同比增速更快（8.6% vs -1.8%），InvenTrust Properties Corp.自由现金流更多（$110.9M vs $33.5M），过去两年InvenTrust Properties Corp.的营收复合增速更高（7.6% vs -4.7%）
InvenTrust Properties Corp.是一家专注于购物中心投资的房地产投资信托基金，截至2024年12月31日，公司共持有68处物业的权益，总建筑面积达1100万平方英尺，在商业地产投资领域拥有成熟的运营布局与资产储备。
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。
IVT vs RMAX — 直观对比
营收规模更大
IVT
是对方的1.1倍
$71.1M
营收增速更快
IVT
高出10.5%
-1.8%
净利率更高
IVT
高出1.4%
2.0%
自由现金流更多
IVT
多$77.4M
$33.5M
两年增速更快
IVT
近两年复合增速
-4.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $77.4M | $71.1M |
| 净利润 | $2.7M | $1.4M |
| 毛利率 | — | — |
| 营业利润率 | -11.0% | 13.1% |
| 净利率 | 3.4% | 2.0% |
| 营收同比 | 8.6% | -1.8% |
| 净利润同比 | -72.8% | -75.2% |
| 每股收益（稀释后） | $0.02 | — |
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IVTRMAX
| Q4 25 | $77.4M | $71.1M | ||
| Q3 25 | $74.5M | $73.2M | ||
| Q2 25 | $73.6M | $72.8M | ||
| Q1 25 | $73.8M | $74.5M | ||
| Q4 24 | $71.2M | $72.5M | ||
| Q3 24 | $68.5M | $78.5M | ||
| Q2 24 | $67.4M | $78.5M | ||
| Q1 24 | $66.8M | $78.3M |
净利润IVTRMAX
| Q4 25 | $2.7M | $1.4M | ||
| Q3 25 | $6.0M | $4.0M | ||
| Q2 25 | $95.9M | $4.7M | ||
| Q1 25 | $6.8M | $-2.0M | ||
| Q4 24 | $9.8M | $5.8M | ||
| Q3 24 | $-539.0K | $966.0K | ||
| Q2 24 | $1.5M | $3.7M | ||
| Q1 24 | $2.9M | $-3.4M |
营业利润率IVTRMAX
| Q4 25 | -11.0% | 13.1% | ||
| Q3 25 | -9.8% | 25.0% | ||
| Q2 25 | — | 19.3% | ||
| Q1 25 | -10.5% | 7.2% | ||
| Q4 24 | -3.6% | 5.9% | ||
| Q3 24 | -18.7% | 19.4% | ||
| Q2 24 | -13.6% | 20.6% | ||
| Q1 24 | -13.1% | 5.8% |
净利率IVTRMAX
| Q4 25 | 3.4% | 2.0% | ||
| Q3 25 | 8.1% | 5.4% | ||
| Q2 25 | 130.4% | 6.4% | ||
| Q1 25 | 9.2% | -2.6% | ||
| Q4 24 | 13.8% | 8.0% | ||
| Q3 24 | -0.8% | 1.2% | ||
| Q2 24 | 2.2% | 4.7% | ||
| Q1 24 | 4.3% | -4.3% |
每股收益（稀释后）IVTRMAX
| Q4 25 | $0.02 | — | ||
| Q3 25 | $0.08 | — | ||
| Q2 25 | $1.23 | — | ||
| Q1 25 | $0.09 | — | ||
| Q4 24 | $0.14 | — | ||
| Q3 24 | $-0.01 | — | ||
| Q2 24 | $0.02 | — | ||
| Q1 24 | $0.04 | — |
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 | — | $118.7M |
| 总债务越低越好 | $825.9M | $432.2M |
| 股东权益账面价值 | $1.8B | $452.4M |
| 总资产 | $2.8B | $582.5M |
| 负债/权益比越低杠杆越低 | 0.46× | 0.96× |
8季度趋势，按日历期对齐
现金及短期投资IVTRMAX
| Q4 25 | — | $118.7M | ||
| Q3 25 | — | $107.5M | ||
| Q2 25 | — | $94.3M | ||
| Q1 25 | — | $89.1M | ||
| Q4 24 | — | $96.6M | ||
| Q3 24 | — | $83.8M | ||
| Q2 24 | — | $66.1M | ||
| Q1 24 | — | $82.1M |
总债务IVTRMAX
| Q4 25 | $825.9M | $432.2M | ||
| Q3 25 | $764.6M | $433.3M | ||
| Q2 25 | $746.3M | $434.4M | ||
| Q1 25 | $740.7M | $435.3M | ||
| Q4 24 | $740.4M | $436.2M | ||
| Q3 24 | $740.1M | $437.2M | ||
| Q2 24 | $812.2M | $438.1M | ||
| Q1 24 | $827.5M | $439.0M |
股东权益IVTRMAX
| Q4 25 | $1.8B | $452.4M | ||
| Q3 25 | $1.8B | $448.1M | ||
| Q2 25 | $1.8B | $442.4M | ||
| Q1 25 | $1.7B | $433.5M | ||
| Q4 24 | $1.8B | $429.5M | ||
| Q3 24 | $1.8B | $423.1M | ||
| Q2 24 | $1.5B | $418.4M | ||
| Q1 24 | $1.5B | $412.0M |
总资产IVTRMAX
| Q4 25 | $2.8B | $582.5M | ||
| Q3 25 | $2.7B | $582.2M | ||
| Q2 25 | $2.7B | $574.8M | ||
| Q1 25 | $2.6B | $571.4M | ||
| Q4 24 | $2.6B | $581.6M | ||
| Q3 24 | $2.6B | $578.6M | ||
| Q2 24 | $2.5B | $571.4M | ||
| Q1 24 | $2.5B | $566.7M |
负债/权益比IVTRMAX
| Q4 25 | 0.46× | 0.96× | ||
| Q3 25 | 0.42× | 0.97× | ||
| Q2 25 | 0.41× | 0.98× | ||
| Q1 25 | 0.42× | 1.00× | ||
| Q4 24 | 0.42× | 1.02× | ||
| Q3 24 | 0.42× | 1.03× | ||
| Q2 24 | 0.53× | 1.05× | ||
| Q1 24 | 0.53× | 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 | $155.4M | $40.9M |
| 自由现金流经营现金流 - 资本支出 | $110.9M | $33.5M |
| 自由现金流率自由现金流/营收 | 143.3% | 47.1% |
| 资本支出强度资本支出/营收 | 57.5% | 10.4% |
| 现金转化率经营现金流/净利润 | 58.41× | 28.39× |
| 过去12个月自由现金流最近4个季度 | $193.1M | $56.8M |
8季度趋势，按日历期对齐
经营现金流IVTRMAX
| Q4 25 | $155.4M | $40.9M | ||
| Q3 25 | $43.8M | $17.7M | ||
| Q2 25 | $48.7M | $4.6M | ||
| Q1 25 | $20.2M | $5.7M | ||
| Q4 24 | $136.9M | $59.7M | ||
| Q3 24 | $38.4M | $17.6M | ||
| Q2 24 | $46.7M | $15.9M | ||
| Q1 24 | $14.8M | $9.4M |
自由现金流IVTRMAX
| Q4 25 | $110.9M | $33.5M | ||
| Q3 25 | $31.4M | $16.4M | ||
| Q2 25 | $38.0M | $2.9M | ||
| Q1 25 | $12.8M | $4.0M | ||
| Q4 24 | $100.8M | $53.0M | ||
| Q3 24 | $29.3M | $16.3M | ||
| Q2 24 | $37.2M | $14.0M | ||
| Q1 24 | $7.7M | $6.8M |
自由现金流率IVTRMAX
| Q4 25 | 143.3% | 47.1% | ||
| Q3 25 | 42.2% | 22.4% | ||
| Q2 25 | 51.6% | 4.0% | ||
| Q1 25 | 17.4% | 5.3% | ||
| Q4 24 | 141.5% | 73.2% | ||
| Q3 24 | 42.8% | 20.8% | ||
| Q2 24 | 55.2% | 17.8% | ||
| Q1 24 | 11.5% | 8.6% |
资本支出强度IVTRMAX
| Q4 25 | 57.5% | 10.4% | ||
| Q3 25 | 16.7% | 1.8% | ||
| Q2 25 | 14.6% | 2.2% | ||
| Q1 25 | 10.0% | 2.3% | ||
| Q4 24 | 50.7% | 9.1% | ||
| Q3 24 | 13.3% | 1.7% | ||
| Q2 24 | 14.0% | 2.4% | ||
| Q1 24 | 10.6% | 3.3% |
现金转化率IVTRMAX
| Q4 25 | 58.41× | 28.39× | ||
| Q3 25 | 7.27× | 4.45× | ||
| Q2 25 | 0.51× | 0.97× | ||
| Q1 25 | 2.97× | — | ||
| Q4 24 | 13.97× | 10.28× | ||
| Q3 24 | — | 18.22× | ||
| Q2 24 | 31.15× | 4.29× | ||
| Q1 24 | 5.10× | — |
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
IVT
暂无分部数据
RMAX
| Franchising Segment | $50.1M | 70% |
| Broker Fees | $13.9M | 20% |
| Annual Dues | $7.4M | 10% |
