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JOHNSON OUTDOORS INC（JOUT）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
JOHNSON OUTDOORS INC的季度营收约是RE/MAX Holdings, Inc.的2.0倍（$140.9M vs $71.1M），RE/MAX Holdings, Inc.净利率更高（2.0% vs -2.3%，领先4.4%），JOHNSON OUTDOORS INC同比增速更快（30.9% vs -1.8%），RE/MAX Holdings, Inc.自由现金流更多（$33.5M vs $-42.7M），过去两年RE/MAX Holdings, Inc.的营收复合增速更高（-4.7% vs -10.5%）
强生户外公司（Johnson Outdoors）主营水上载具、潜水装备、露营用具、户外服饰等户外休闲用品的研发生产，业务网点遍布全球24个地区，现有员工约1400人，年销售额超3.15亿美元，自1999年起由海伦·约翰逊-莱波尔德执掌公司。
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。
JOUT vs RMAX — 直观对比
营收规模更大
JOUT
是对方的2.0倍
$71.1M
营收增速更快
JOUT
高出32.8%
-1.8%
净利率更高
RMAX
高出4.4%
-2.3%
自由现金流更多
RMAX
多$76.2M
$-42.7M
两年增速更快
RMAX
近两年复合增速
-10.5%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $140.9M | $71.1M |
| 净利润 | $-3.3M | $1.4M |
| 毛利率 | 36.6% | — |
| 营业利润率 | -2.1% | 13.1% |
| 净利率 | -2.3% | 2.0% |
| 营收同比 | 30.9% | -1.8% |
| 净利润同比 | 78.4% | -75.2% |
| 每股收益（稀释后） | — | — |
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JOUTRMAX
| Q1 26 | $140.9M | — | ||
| Q4 25 | $135.8M | $71.1M | ||
| Q3 25 | — | $73.2M | ||
| Q2 25 | $180.7M | $72.8M | ||
| Q1 25 | $168.3M | $74.5M | ||
| Q4 24 | $107.6M | $72.5M | ||
| Q3 24 | $105.9M | $78.5M | ||
| Q2 24 | $172.5M | $78.5M |
净利润JOUTRMAX
| Q1 26 | $-3.3M | — | ||
| Q4 25 | $-29.1M | $1.4M | ||
| Q3 25 | — | $4.0M | ||
| Q2 25 | $7.7M | $4.7M | ||
| Q1 25 | $2.3M | $-2.0M | ||
| Q4 24 | $-15.3M | $5.8M | ||
| Q3 24 | $-34.3M | $966.0K | ||
| Q2 24 | $1.6M | $3.7M |
毛利率JOUTRMAX
| Q1 26 | 36.6% | — | ||
| Q4 25 | 36.2% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 37.6% | — | ||
| Q1 25 | 35.0% | — | ||
| Q4 24 | 29.9% | — | ||
| Q3 24 | 23.5% | — | ||
| Q2 24 | 35.8% | — |
营业利润率JOUTRMAX
| Q1 26 | -2.1% | — | ||
| Q4 25 | -6.0% | 13.1% | ||
| Q3 25 | — | 25.0% | ||
| Q2 25 | 4.1% | 19.3% | ||
| Q1 25 | 2.9% | 7.2% | ||
| Q4 24 | -18.8% | 5.9% | ||
| Q3 24 | -40.4% | 19.4% | ||
| Q2 24 | -0.3% | 20.6% |
净利率JOUTRMAX
| Q1 26 | -2.3% | — | ||
| Q4 25 | -21.4% | 2.0% | ||
| Q3 25 | — | 5.4% | ||
| Q2 25 | 4.3% | 6.4% | ||
| Q1 25 | 1.4% | -2.6% | ||
| Q4 24 | -14.2% | 8.0% | ||
| Q3 24 | -32.4% | 1.2% | ||
| Q2 24 | 0.9% | 4.7% |
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 | $130.7M | $118.7M |
| 总债务越低越好 | $0 | $432.2M |
| 股东权益账面价值 | $413.5M | $452.4M |
| 总资产 | $600.1M | $582.5M |
| 负债/权益比越低杠杆越低 | 0.00× | 0.96× |
8季度趋势，按日历期对齐
现金及短期投资JOUTRMAX
| Q1 26 | $130.7M | — | ||
| Q4 25 | $176.4M | $118.7M | ||
| Q3 25 | — | $107.5M | ||
| Q2 25 | $161.0M | $94.3M | ||
| Q1 25 | $94.0M | $89.1M | ||
| Q4 24 | $101.6M | $96.6M | ||
| Q3 24 | $162.0M | $83.8M | ||
| Q2 24 | $148.4M | $66.1M |
总债务JOUTRMAX
| Q1 26 | $0 | — | ||
| Q4 25 | $0 | $432.2M | ||
| Q3 25 | — | $433.3M | ||
| Q2 25 | $0 | $434.4M | ||
| Q1 25 | $0 | $435.3M | ||
| Q4 24 | $0 | $436.2M | ||
| Q3 24 | $0 | $437.2M | ||
| Q2 24 | $0 | $438.1M |
股东权益JOUTRMAX
| Q1 26 | $413.5M | — | ||
| Q4 25 | $418.4M | $452.4M | ||
| Q3 25 | — | $448.1M | ||
| Q2 25 | $450.5M | $442.4M | ||
| Q1 25 | $441.1M | $433.5M | ||
| Q4 24 | $440.3M | $429.5M | ||
| Q3 24 | $463.4M | $423.1M | ||
| Q2 24 | $498.7M | $418.4M |
总资产JOUTRMAX
| Q1 26 | $600.1M | — | ||
| Q4 25 | $604.1M | $582.5M | ||
| Q3 25 | — | $582.2M | ||
| Q2 25 | $634.5M | $574.8M | ||
| Q1 25 | $624.5M | $571.4M | ||
| Q4 24 | $612.9M | $581.6M | ||
| Q3 24 | $635.2M | $578.6M | ||
| Q2 24 | $679.8M | $571.4M |
负债/权益比JOUTRMAX
| Q1 26 | 0.00× | — | ||
| Q4 25 | 0.00× | 0.96× | ||
| Q3 25 | — | 0.97× | ||
| Q2 25 | 0.00× | 0.98× | ||
| Q1 25 | 0.00× | 1.00× | ||
| Q4 24 | 0.00× | 1.02× | ||
| Q3 24 | 0.00× | 1.03× | ||
| Q2 24 | 0.00× | 1.05× |
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 | $-38.4M | $40.9M |
| 自由现金流经营现金流 - 资本支出 | $-42.7M | $33.5M |
| 自由现金流率自由现金流/营收 | -30.3% | 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 | $38.5M | $56.8M |
8季度趋势，按日历期对齐
经营现金流JOUTRMAX
| Q1 26 | $-38.4M | — | ||
| Q4 25 | $23.4M | $40.9M | ||
| Q3 25 | — | $17.7M | ||
| Q2 25 | $71.4M | $4.6M | ||
| Q1 25 | $-1.7M | $5.7M | ||
| Q4 24 | $-36.9M | $59.7M | ||
| Q3 24 | $19.1M | $17.6M | ||
| Q2 24 | $73.7M | $15.9M |
自由现金流JOUTRMAX
| Q1 26 | $-42.7M | — | ||
| Q4 25 | $19.2M | $33.5M | ||
| Q3 25 | — | $16.4M | ||
| Q2 25 | $66.9M | $2.9M | ||
| Q1 25 | $-5.0M | $4.0M | ||
| Q4 24 | $-41.0M | $53.0M | ||
| Q3 24 | $13.5M | $16.3M | ||
| Q2 24 | $67.4M | $14.0M |
自由现金流率JOUTRMAX
| Q1 26 | -30.3% | — | ||
| Q4 25 | 14.2% | 47.1% | ||
| Q3 25 | — | 22.4% | ||
| Q2 25 | 37.0% | 4.0% | ||
| Q1 25 | -2.9% | 5.3% | ||
| Q4 24 | -38.1% | 73.2% | ||
| Q3 24 | 12.8% | 20.8% | ||
| Q2 24 | 39.1% | 17.8% |
资本支出强度JOUTRMAX
| Q1 26 | 3.0% | — | ||
| Q4 25 | 3.1% | 10.4% | ||
| Q3 25 | — | 1.8% | ||
| Q2 25 | 2.5% | 2.2% | ||
| Q1 25 | 2.0% | 2.3% | ||
| Q4 24 | 3.8% | 9.1% | ||
| Q3 24 | 5.3% | 1.7% | ||
| Q2 24 | 3.6% | 2.4% |
现金转化率JOUTRMAX
| Q1 26 | — | — | ||
| Q4 25 | — | 28.39× | ||
| Q3 25 | — | 4.45× | ||
| Q2 25 | 9.22× | 0.97× | ||
| Q1 25 | -0.72× | — | ||
| Q4 24 | — | 10.28× | ||
| Q3 24 | — | 18.22× | ||
| Q2 24 | 45.41× | 4.29× |
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
JOUT
| Fishing Segment | $112.1M | 80% |
| Diving Segment | $18.0M | 13% |
| Camping Watercraft Recreation Segment | $10.6M | 8% |
RMAX
| Franchising Segment | $50.1M | 70% |
| Broker Fees | $13.9M | 20% |
| Annual Dues | $7.4M | 10% |
