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KORE Group Holdings, Inc.（KORE）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
KORE Group Holdings, Inc.的季度营收约是RE/MAX Holdings, Inc.的1.0倍（$73.9M vs $71.1M），RE/MAX Holdings, Inc.净利率更高（2.0% vs -25.0%，领先27.0%），KORE Group Holdings, Inc.同比增速更快（0.7% vs -1.8%），RE/MAX Holdings, Inc.自由现金流更多（$33.5M vs $9.4M），过去两年KORE Group Holdings, Inc.的营收复合增速更高（-1.4% vs -4.7%）
KORE Wireless是一家上市物联网连接服务商，提供物联网连接、托管服务及相关解决方案，业务覆盖医疗健康、物流、车队管理、公用事业、工业自动化等多个领域，目前在全球拥有超过2000万活跃连接数。
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。
KORE vs RMAX — 直观对比
营收规模更大
KORE
是对方的1.0倍
$71.1M
营收增速更快
KORE
高出2.6%
-1.8%
净利率更高
RMAX
高出27.0%
-25.0%
自由现金流更多
RMAX
多$24.1M
$9.4M
两年增速更快
KORE
近两年复合增速
-4.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $73.9M | $71.1M |
| 净利润 | $-18.5M | $1.4M |
| 毛利率 | — | — |
| 营业利润率 | -0.8% | 13.1% |
| 净利率 | -25.0% | 2.0% |
| 营收同比 | 0.7% | -1.8% |
| 净利润同比 | 27.4% | -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KORERMAX
| Q4 25 | $73.9M | $71.1M | ||
| Q3 25 | $68.7M | $73.2M | ||
| Q2 25 | $71.3M | $72.8M | ||
| Q1 25 | $72.1M | $74.5M | ||
| Q4 24 | $73.3M | $72.5M | ||
| Q3 24 | $68.9M | $78.5M | ||
| Q2 24 | $67.9M | $78.5M | ||
| Q1 24 | $76.0M | $78.3M |
净利润KORERMAX
| Q4 25 | $-18.5M | $1.4M | ||
| Q3 25 | $-12.7M | $4.0M | ||
| Q2 25 | $-16.9M | $4.7M | ||
| Q1 25 | $-14.9M | $-2.0M | ||
| Q4 24 | $-25.4M | $5.8M | ||
| Q3 24 | $-19.4M | $966.0K | ||
| Q2 24 | $-83.6M | $3.7M | ||
| Q1 24 | $-17.6M | $-3.4M |
营业利润率KORERMAX
| Q4 25 | -0.8% | 13.1% | ||
| Q3 25 | -6.1% | 25.0% | ||
| Q2 25 | -7.3% | 19.3% | ||
| Q1 25 | -3.4% | 7.2% | ||
| Q4 24 | -17.8% | 5.9% | ||
| Q3 24 | -8.2% | 19.4% | ||
| Q2 24 | -113.0% | 20.6% | ||
| Q1 24 | -9.7% | 5.8% |
净利率KORERMAX
| Q4 25 | -25.0% | 2.0% | ||
| Q3 25 | -18.5% | 5.4% | ||
| Q2 25 | -23.7% | 6.4% | ||
| Q1 25 | -20.7% | -2.6% | ||
| Q4 24 | -34.7% | 8.0% | ||
| Q3 24 | -28.2% | 1.2% | ||
| Q2 24 | -123.2% | 4.7% | ||
| Q1 24 | -23.1% | -4.3% |
每股收益（稀释后）KORERMAX
| Q4 25 | $-0.92 | — | ||
| Q3 25 | $-0.64 | — | ||
| Q2 25 | $-0.86 | — | ||
| Q1 25 | $-0.77 | — | ||
| Q4 24 | $-1.29 | — | ||
| Q3 24 | $-1.00 | — | ||
| Q2 24 | $-4.37 | — | ||
| Q1 24 | $-0.93 | — |
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 | $26.7M | $118.7M |
| 总债务越低越好 | $301.3M | $432.2M |
| 股东权益账面价值 | $-163.8M | $452.4M |
| 总资产 | $410.5M | $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KORERMAX
| Q4 25 | $26.7M | $118.7M | ||
| Q3 25 | $19.3M | $107.5M | ||
| Q2 25 | $21.0M | $94.3M | ||
| Q1 25 | $19.7M | $89.1M | ||
| Q4 24 | $19.4M | $96.6M | ||
| Q3 24 | $18.6M | $83.8M | ||
| Q2 24 | $22.3M | $66.1M | ||
| Q1 24 | $23.0M | $82.1M |
总债务KORERMAX
| Q4 25 | $301.3M | $432.2M | ||
| Q3 25 | — | $433.3M | ||
| Q2 25 | — | $434.4M | ||
| Q1 25 | — | $435.3M | ||
| Q4 24 | $303.1M | $436.2M | ||
| Q3 24 | — | $437.2M | ||
| Q2 24 | — | $438.1M | ||
| Q1 24 | — | $439.0M |
股东权益KORERMAX
| Q4 25 | $-163.8M | $452.4M | ||
| Q3 25 | $-145.7M | $448.1M | ||
| Q2 25 | $-133.5M | $442.4M | ||
| Q1 25 | $-114.9M | $433.5M | ||
| Q4 24 | $-99.6M | $429.5M | ||
| Q3 24 | $-77.2M | $423.1M | ||
| Q2 24 | $-57.2M | $418.4M | ||
| Q1 24 | $22.3M | $412.0M |
总资产KORERMAX
| Q4 25 | $410.5M | $582.5M | ||
| Q3 25 | $423.4M | $582.2M | ||
| Q2 25 | $432.9M | $574.8M | ||
| Q1 25 | $445.1M | $571.4M | ||
| Q4 24 | $455.8M | $581.6M | ||
| Q3 24 | $473.9M | $578.6M | ||
| Q2 24 | $487.7M | $571.4M | ||
| Q1 24 | $576.6M | $566.7M |
负债/权益比KORERMAX
| 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 | $10.4M | $40.9M |
| 自由现金流经营现金流 - 资本支出 | $9.4M | $33.5M |
| 自由现金流率自由现金流/营收 | 12.7% | 47.1% |
| 资本支出强度资本支出/营收 | 1.5% | 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 | $15.8M | $56.8M |
8季度趋势，按日历期对齐
经营现金流KORERMAX
| Q4 25 | $10.4M | $40.9M | ||
| Q3 25 | $1.1M | $17.7M | ||
| Q2 25 | $4.1M | $4.6M | ||
| Q1 25 | $2.9M | $5.7M | ||
| Q4 24 | $2.1M | $59.7M | ||
| Q3 24 | $1.2M | $17.6M | ||
| Q2 24 | $4.0M | $15.9M | ||
| Q1 24 | $1.9M | $9.4M |
自由现金流KORERMAX
| Q4 25 | $9.4M | $33.5M | ||
| Q3 25 | $879.0K | $16.4M | ||
| Q2 25 | $2.8M | $2.9M | ||
| Q1 25 | $2.7M | $4.0M | ||
| Q4 24 | $2.0M | $53.0M | ||
| Q3 24 | $973.0K | $16.3M | ||
| Q2 24 | $3.1M | $14.0M | ||
| Q1 24 | $1.0M | $6.8M |
自由现金流率KORERMAX
| Q4 25 | 12.7% | 47.1% | ||
| Q3 25 | 1.3% | 22.4% | ||
| Q2 25 | 4.0% | 4.0% | ||
| Q1 25 | 3.8% | 5.3% | ||
| Q4 24 | 2.7% | 73.2% | ||
| Q3 24 | 1.4% | 20.8% | ||
| Q2 24 | 4.6% | 17.8% | ||
| Q1 24 | 1.4% | 8.6% |
资本支出强度KORERMAX
| Q4 25 | 1.5% | 10.4% | ||
| Q3 25 | 0.3% | 1.8% | ||
| Q2 25 | 1.8% | 2.2% | ||
| Q1 25 | 0.2% | 2.3% | ||
| Q4 24 | 0.1% | 9.1% | ||
| Q3 24 | 0.3% | 1.7% | ||
| Q2 24 | 1.3% | 2.4% | ||
| Q1 24 | 1.2% | 3.3% |
现金转化率KORERMAX
| 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
KORE
| Io T Connectivity And Solutions Services | $55.9M | 76% |
| Hardware Sales | $15.4M | 21% |
| Deployment Services Professional Services Referral Services And Other | $2.5M | 3% |
RMAX
| Franchising Segment | $50.1M | 70% |
| Broker Fees | $13.9M | 20% |
| Annual Dues | $7.4M | 10% |
