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藏寿司（KRUS）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
藏寿司的季度营收约是RE/MAX Holdings, Inc.的1.0倍（$73.5M vs $71.1M），RE/MAX Holdings, Inc.净利率更高（2.0% vs -4.2%，领先6.2%），藏寿司同比增速更快（14.0% vs -1.8%），RE/MAX Holdings, Inc.自由现金流更多（$33.5M vs $-13.3M），过去两年藏寿司的营收复合增速更高（13.2% vs -4.7%）
藏寿司是日本知名回转寿司连锁品牌，为日本第二大寿司连锁企业，规模仅次于寿司郎，领先滨寿司。品牌总部设于大阪府堺市，目前在日本拥有543家门店，在中国台湾地区开设56家门店，另在美国布局有69家门店。
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。
KRUS vs RMAX — 直观对比
营收规模更大
KRUS
是对方的1.0倍
$71.1M
营收增速更快
KRUS
高出15.8%
-1.8%
净利率更高
RMAX
高出6.2%
-4.2%
自由现金流更多
RMAX
多$46.8M
$-13.3M
两年增速更快
KRUS
近两年复合增速
-4.7%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $73.5M | $71.1M |
| 净利润 | $-3.1M | $1.4M |
| 毛利率 | — | — |
| 营业利润率 | -5.0% | 13.1% |
| 净利率 | -4.2% | 2.0% |
| 营收同比 | 14.0% | -1.8% |
| 净利润同比 | -218.4% | -75.2% |
| 每股收益（稀释后） | $-0.25 | — |
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KRUSRMAX
| Q4 25 | $73.5M | $71.1M | ||
| Q3 25 | $79.4M | $73.2M | ||
| Q2 25 | $74.0M | $72.8M | ||
| Q1 25 | $64.9M | $74.5M | ||
| Q4 24 | $64.5M | $72.5M | ||
| Q3 24 | $66.0M | $78.5M | ||
| Q2 24 | $63.1M | $78.5M | ||
| Q1 24 | $57.3M | $78.3M |
净利润KRUSRMAX
| Q4 25 | $-3.1M | $1.4M | ||
| Q3 25 | $2.3M | $4.0M | ||
| Q2 25 | $565.0K | $4.7M | ||
| Q1 25 | $-3.8M | $-2.0M | ||
| Q4 24 | $-961.0K | $5.8M | ||
| Q3 24 | $-5.2M | $966.0K | ||
| Q2 24 | $-558.0K | $3.7M | ||
| Q1 24 | $-998.0K | $-3.4M |
营业利润率KRUSRMAX
| Q4 25 | -5.0% | 13.1% | ||
| Q3 25 | 1.8% | 25.0% | ||
| Q2 25 | -0.2% | 19.3% | ||
| Q1 25 | -7.1% | 7.2% | ||
| Q4 24 | -2.3% | 5.9% | ||
| Q3 24 | -8.8% | 19.4% | ||
| Q2 24 | -1.9% | 20.6% | ||
| Q1 24 | -2.9% | 5.8% |
净利率KRUSRMAX
| Q4 25 | -4.2% | 2.0% | ||
| Q3 25 | 2.9% | 5.4% | ||
| Q2 25 | 0.8% | 6.4% | ||
| Q1 25 | -5.8% | -2.6% | ||
| Q4 24 | -1.5% | 8.0% | ||
| Q3 24 | -7.9% | 1.2% | ||
| Q2 24 | -0.9% | 4.7% | ||
| Q1 24 | -1.7% | -4.3% |
每股收益（稀释后）KRUSRMAX
| Q4 25 | $-0.25 | — | ||
| Q3 25 | $0.18 | — | ||
| Q2 25 | $0.05 | — | ||
| Q1 25 | $-0.31 | — | ||
| Q4 24 | $-0.08 | — | ||
| Q3 24 | $-0.47 | — | ||
| Q2 24 | $-0.05 | — | ||
| 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 | $50.7M | $118.7M |
| 总债务越低越好 | — | $432.2M |
| 股东权益账面价值 | $229.2M | $452.4M |
| 总资产 | $443.5M | $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KRUSRMAX
| Q4 25 | $50.7M | $118.7M | ||
| Q3 25 | $62.5M | $107.5M | ||
| Q2 25 | $60.5M | $94.3M | ||
| Q1 25 | $85.2M | $89.1M | ||
| Q4 24 | $107.7M | $96.6M | ||
| Q3 24 | $51.0M | $83.8M | ||
| Q2 24 | $60.7M | $66.1M | ||
| Q1 24 | $62.8M | $82.1M |
总债务KRUSRMAX
| Q4 25 | — | $432.2M | ||
| Q3 25 | — | $433.3M | ||
| Q2 25 | — | $434.4M | ||
| Q1 25 | — | $435.3M | ||
| Q4 24 | — | $436.2M | ||
| Q3 24 | — | $437.2M | ||
| Q2 24 | — | $438.1M | ||
| Q1 24 | — | $439.0M |
股东权益KRUSRMAX
| Q4 25 | $229.2M | $452.4M | ||
| Q3 25 | $231.1M | $448.1M | ||
| Q2 25 | $227.0M | $442.4M | ||
| Q1 25 | $225.0M | $433.5M | ||
| Q4 24 | $227.6M | $429.5M | ||
| Q3 24 | $162.5M | $423.1M | ||
| Q2 24 | $166.4M | $418.4M | ||
| Q1 24 | $165.3M | $412.0M |
总资产KRUSRMAX
| Q4 25 | $443.5M | $582.5M | ||
| Q3 25 | $430.9M | $582.2M | ||
| Q2 25 | $419.4M | $574.8M | ||
| Q1 25 | $410.4M | $571.4M | ||
| Q4 24 | $403.8M | $581.6M | ||
| Q3 24 | $328.5M | $578.6M | ||
| Q2 24 | $324.7M | $571.4M | ||
| Q1 24 | $315.5M | $566.7M |
负债/权益比KRUSRMAX
| 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 | $529.0K | $40.9M |
| 自由现金流经营现金流 - 资本支出 | $-13.3M | $33.5M |
| 自由现金流率自由现金流/营收 | -18.1% | 47.1% |
| 资本支出强度资本支出/营收 | 18.8% | 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 | $-27.5M | $56.8M |
8季度趋势，按日历期对齐
经营现金流KRUSRMAX
| Q4 25 | $529.0K | $40.9M | ||
| Q3 25 | $9.4M | $17.7M | ||
| Q2 25 | $6.7M | $4.6M | ||
| Q1 25 | $4.3M | $5.7M | ||
| Q4 24 | $4.4M | $59.7M | ||
| Q3 24 | $669.0K | $17.6M | ||
| Q2 24 | $8.7M | $15.9M | ||
| Q1 24 | $3.8M | $9.4M |
自由现金流KRUSRMAX
| Q4 25 | $-13.3M | $33.5M | ||
| Q3 25 | $-79.0K | $16.4M | ||
| Q2 25 | $-6.9M | $2.9M | ||
| Q1 25 | $-7.3M | $4.0M | ||
| Q4 24 | $-7.2M | $53.0M | ||
| Q3 24 | $-9.6M | $16.3M | ||
| Q2 24 | $-2.4M | $14.0M | ||
| Q1 24 | $-9.7M | $6.8M |
自由现金流率KRUSRMAX
| Q4 25 | -18.1% | 47.1% | ||
| Q3 25 | -0.1% | 22.4% | ||
| Q2 25 | -9.3% | 4.0% | ||
| Q1 25 | -11.2% | 5.3% | ||
| Q4 24 | -11.2% | 73.2% | ||
| Q3 24 | -14.6% | 20.8% | ||
| Q2 24 | -3.8% | 17.8% | ||
| Q1 24 | -16.9% | 8.6% |
资本支出强度KRUSRMAX
| Q4 25 | 18.8% | 10.4% | ||
| Q3 25 | 11.9% | 1.8% | ||
| Q2 25 | 18.4% | 2.2% | ||
| Q1 25 | 17.8% | 2.3% | ||
| Q4 24 | 17.9% | 9.1% | ||
| Q3 24 | 15.6% | 1.7% | ||
| Q2 24 | 17.6% | 2.4% | ||
| Q1 24 | 23.5% | 3.3% |
现金转化率KRUSRMAX
| Q4 25 | — | 28.39× | ||
| Q3 25 | 4.12× | 4.45× | ||
| Q2 25 | 11.88× | 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
KRUS
暂无分部数据
RMAX
| Franchising Segment | $50.1M | 70% |
| Broker Fees | $13.9M | 20% |
| Annual Dues | $7.4M | 10% |
