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KINGSWAY FINANCIAL SERVICES INC（KFS）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KINGSWAY FINANCIAL SERVICES INC的1.8倍（$71.1M vs $38.6M），RE/MAX Holdings, Inc.净利率更高（2.0% vs -4.1%，领先6.1%），KINGSWAY FINANCIAL SERVICES INC同比增速更快（30.1% vs -1.8%），过去两年KINGSWAY FINANCIAL SERVICES INC的营收复合增速更高（21.4% vs -4.7%）
金斯威金融服务公司是一家专业金融控股企业，主要提供财产和意外伤害保险产品，包括个人车险、商业责任险、财产险等，核心市场覆盖北美地区，服务个人消费者、小微企业主及特定商业客户群体。
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。
KFS vs RMAX — 直观对比
营收规模更大
RMAX
是对方的1.8倍
$38.6M
营收增速更快
KFS
高出31.9%
-1.8%
净利率更高
RMAX
高出6.1%
-4.1%
两年增速更快
KFS
近两年复合增速
-4.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $38.6M | $71.1M |
| 净利润 | $-1.6M | $1.4M |
| 毛利率 | — | — |
| 营业利润率 | 0.8% | 13.1% |
| 净利率 | -4.1% | 2.0% |
| 营收同比 | 30.1% | -1.8% |
| 净利润同比 | -7.8% | -75.2% |
| 每股收益（稀释后） | $-0.07 | — |
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KFSRMAX
| Q4 25 | $38.6M | $71.1M | ||
| Q3 25 | $37.2M | $73.2M | ||
| Q2 25 | $30.9M | $72.8M | ||
| Q1 25 | $28.3M | $74.5M | ||
| Q4 24 | $29.6M | $72.5M | ||
| Q3 24 | $27.1M | $78.5M | ||
| Q2 24 | $26.4M | $78.5M | ||
| Q1 24 | $26.2M | $78.3M |
净利润KFSRMAX
| Q4 25 | $-1.6M | $1.4M | ||
| Q3 25 | $-2.4M | $4.0M | ||
| Q2 25 | $-3.2M | $4.7M | ||
| Q1 25 | $-3.1M | $-2.0M | ||
| Q4 24 | $-1.5M | $5.8M | ||
| Q3 24 | $-2.3M | $966.0K | ||
| Q2 24 | $-2.2M | $3.7M | ||
| Q1 24 | $-2.3M | $-3.4M |
营业利润率KFSRMAX
| Q4 25 | 0.8% | 13.1% | ||
| Q3 25 | -2.3% | 25.0% | ||
| Q2 25 | -3.6% | 19.3% | ||
| Q1 25 | -2.5% | 7.2% | ||
| Q4 24 | 6.5% | 5.9% | ||
| Q3 24 | -2.5% | 19.4% | ||
| Q2 24 | 0.5% | 20.6% | ||
| Q1 24 | 2.9% | 5.8% |
净利率KFSRMAX
| Q4 25 | -4.1% | 2.0% | ||
| Q3 25 | -6.5% | 5.4% | ||
| Q2 25 | -10.2% | 6.4% | ||
| Q1 25 | -10.9% | -2.6% | ||
| Q4 24 | -5.0% | 8.0% | ||
| Q3 24 | -8.5% | 1.2% | ||
| Q2 24 | -8.3% | 4.7% | ||
| Q1 24 | -8.9% | -4.3% |
每股收益（稀释后）KFSRMAX
| Q4 25 | $-0.07 | — | ||
| Q3 25 | $-0.10 | — | ||
| Q2 25 | $-0.13 | — | ||
| Q1 25 | $-0.13 | — | ||
| Q4 24 | $-0.08 | — | ||
| Q3 24 | $-0.10 | — | ||
| Q2 24 | $-0.08 | — | ||
| Q1 24 | $-0.09 | — |
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 | $8.5M | $118.7M |
| 总债务越低越好 | $70.7M | $432.2M |
| 股东权益账面价值 | $15.2M | $452.4M |
| 总资产 | $231.5M | $582.5M |
| 负债/权益比越低杠杆越低 | 4.66× | 0.96× |
8季度趋势，按日历期对齐
现金及短期投资KFSRMAX
| Q4 25 | $8.5M | $118.7M | ||
| Q3 25 | $9.5M | $107.5M | ||
| Q2 25 | $12.3M | $94.3M | ||
| Q1 25 | $6.5M | $89.1M | ||
| Q4 24 | $5.7M | $96.6M | ||
| Q3 24 | $6.7M | $83.8M | ||
| Q2 24 | $9.8M | $66.1M | ||
| Q1 24 | $12.3M | $82.1M |
总债务KFSRMAX
| Q4 25 | $70.7M | $432.2M | ||
| Q3 25 | $70.7M | $433.3M | ||
| Q2 25 | $58.3M | $434.4M | ||
| Q1 25 | $59.5M | $435.3M | ||
| Q4 24 | $57.5M | $436.2M | ||
| Q3 24 | $58.5M | $437.2M | ||
| Q2 24 | $47.3M | $438.1M | ||
| Q1 24 | $47.1M | $439.0M |
股东权益KFSRMAX
| Q4 25 | $15.2M | $452.4M | ||
| Q3 25 | $16.6M | $448.1M | ||
| Q2 25 | $17.4M | $442.4M | ||
| Q1 25 | $5.5M | $433.5M | ||
| Q4 24 | $8.4M | $429.5M | ||
| Q3 24 | $9.9M | $423.1M | ||
| Q2 24 | $20.7M | $418.4M | ||
| Q1 24 | $23.6M | $412.0M |
总资产KFSRMAX
| Q4 25 | $231.5M | $582.5M | ||
| Q3 25 | $235.1M | $582.2M | ||
| Q2 25 | $207.7M | $574.8M | ||
| Q1 25 | $192.1M | $571.4M | ||
| Q4 24 | $186.6M | $581.6M | ||
| Q3 24 | $191.1M | $578.6M | ||
| Q2 24 | $192.3M | $571.4M | ||
| Q1 24 | $198.0M | $566.7M |
负债/权益比KFSRMAX
| Q4 25 | 4.66× | 0.96× | ||
| Q3 25 | 4.25× | 0.97× | ||
| Q2 25 | 3.34× | 0.98× | ||
| Q1 25 | 10.91× | 1.00× | ||
| Q4 24 | 6.84× | 1.02× | ||
| Q3 24 | 5.88× | 1.03× | ||
| Q2 24 | 2.29× | 1.05× | ||
| Q1 24 | 2.00× | 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 | $-3.0K | $40.9M |
| 自由现金流经营现金流 - 资本支出 | — | $33.5M |
| 自由现金流率自由现金流/营收 | — | 47.1% |
| 资本支出强度资本支出/营收 | — | 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 | — | $56.8M |
8季度趋势，按日历期对齐
经营现金流KFSRMAX
| Q4 25 | $-3.0K | $40.9M | ||
| Q3 25 | $1.5M | $17.7M | ||
| Q2 25 | $337.0K | $4.6M | ||
| Q1 25 | $-1.8M | $5.7M | ||
| Q4 24 | $1.1M | $59.7M | ||
| Q3 24 | $368.0K | $17.6M | ||
| Q2 24 | $557.0K | $15.9M | ||
| Q1 24 | $249.0K | $9.4M |
自由现金流KFSRMAX
| Q4 25 | — | $33.5M | ||
| Q3 25 | $1.3M | $16.4M | ||
| Q2 25 | — | $2.9M | ||
| Q1 25 | — | $4.0M | ||
| Q4 24 | — | $53.0M | ||
| Q3 24 | — | $16.3M | ||
| Q2 24 | — | $14.0M | ||
| Q1 24 | — | $6.8M |
自由现金流率KFSRMAX
| Q4 25 | — | 47.1% | ||
| Q3 25 | 3.4% | 22.4% | ||
| Q2 25 | — | 4.0% | ||
| Q1 25 | — | 5.3% | ||
| Q4 24 | — | 73.2% | ||
| Q3 24 | — | 20.8% | ||
| Q2 24 | — | 17.8% | ||
| Q1 24 | — | 8.6% |
资本支出强度KFSRMAX
| Q4 25 | — | 10.4% | ||
| Q3 25 | 0.5% | 1.8% | ||
| Q2 25 | — | 2.2% | ||
| Q1 25 | — | 2.3% | ||
| Q4 24 | — | 9.1% | ||
| Q3 24 | 0.0% | 1.7% | ||
| Q2 24 | — | 2.4% | ||
| Q1 24 | — | 3.3% |
现金转化率KFSRMAX
| 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
KFS
| Other | $14.8M | 38% |
| Roundhouse Electric Equipment Co Inc | $9.7M | 25% |
| MLC Plumbing LLC | $5.7M | 15% |
| Systems Products International Incspi | $3.8M | 10% |
| Advanced Plumbing And Drain | $2.9M | 8% |
| Southside Plumbing | $1.7M | 4% |
RMAX
| Franchising Segment | $50.1M | 70% |
| Broker Fees | $13.9M | 20% |
| Annual Dues | $7.4M | 10% |
