vs
LandBridge Co LLC（LB）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LandBridge Co LLC的1.3倍（$71.1M vs $56.8M），LandBridge Co LLC净利率更高（14.2% vs 2.0%，领先12.2%），LandBridge Co LLC同比增速更快（55.6% vs -1.8%），LandBridge Co LLC自由现金流更多（$122.0M vs $33.5M），过去两年LandBridge Co LLC的营收复合增速更高（72.8% vs -4.7%）
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。
LB vs RMAX — 直观对比
营收规模更大
RMAX
是对方的1.3倍
$56.8M
营收增速更快
LB
高出57.4%
-1.8%
净利率更高
LB
高出12.2%
2.0%
自由现金流更多
LB
多$88.5M
$33.5M
两年增速更快
LB
近两年复合增速
-4.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $56.8M | $71.1M |
| 净利润 | $8.1M | $1.4M |
| 毛利率 | — | — |
| 营业利润率 | 60.0% | 13.1% |
| 净利率 | 14.2% | 2.0% |
| 营收同比 | 55.6% | -1.8% |
| 净利润同比 | -83.7% | -75.2% |
| 每股收益（稀释后） | $0.24 | — |
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LBRMAX
| Q4 25 | $56.8M | $71.1M | ||
| Q3 25 | $50.8M | $73.2M | ||
| Q2 25 | $47.5M | $72.8M | ||
| Q1 25 | $44.0M | $74.5M | ||
| Q4 24 | $36.5M | $72.5M | ||
| Q3 24 | $28.5M | $78.5M | ||
| Q2 24 | $26.0M | $78.5M | ||
| Q1 24 | $19.0M | $78.3M |
净利润LBRMAX
| Q4 25 | $8.1M | $1.4M | ||
| Q3 25 | $8.1M | $4.0M | ||
| Q2 25 | $7.5M | $4.7M | ||
| Q1 25 | $6.5M | $-2.0M | ||
| Q4 24 | $49.3M | $5.8M | ||
| Q3 24 | $2.7M | $966.0K | ||
| Q2 24 | $-57.7M | $3.7M | ||
| Q1 24 | $10.8M | $-3.4M |
营业利润率LBRMAX
| Q4 25 | 60.0% | 13.1% | ||
| Q3 25 | 60.8% | 25.0% | ||
| Q2 25 | 60.0% | 19.3% | ||
| Q1 25 | 57.0% | 7.2% | ||
| Q4 24 | 49.4% | 5.9% | ||
| Q3 24 | 11.2% | 19.4% | ||
| Q2 24 | -197.4% | 20.6% | ||
| Q1 24 | 71.1% | 5.8% |
净利率LBRMAX
| Q4 25 | 14.2% | 2.0% | ||
| Q3 25 | 15.9% | 5.4% | ||
| Q2 25 | 15.8% | 6.4% | ||
| Q1 25 | 14.7% | -2.6% | ||
| Q4 24 | 135.2% | 8.0% | ||
| Q3 24 | 9.3% | 1.2% | ||
| Q2 24 | -222.1% | 4.7% | ||
| Q1 24 | 56.7% | -4.3% |
每股收益（稀释后）LBRMAX
| Q4 25 | $0.24 | — | ||
| Q3 25 | $0.26 | — | ||
| Q2 25 | $0.24 | — | ||
| Q1 25 | $0.20 | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $-0.04 | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $30.7M | $118.7M |
| 总债务越低越好 | $570.7M | $432.2M |
| 股东权益账面价值 | $340.3M | $452.4M |
| 总资产 | $1.4B | $582.5M |
| 负债/权益比越低杠杆越低 | 1.68× | 0.96× |
8季度趋势，按日历期对齐
现金及短期投资LBRMAX
| Q4 25 | $30.7M | $118.7M | ||
| Q3 25 | $28.3M | $107.5M | ||
| Q2 25 | $20.3M | $94.3M | ||
| Q1 25 | $14.9M | $89.1M | ||
| Q4 24 | $37.0M | $96.6M | ||
| Q3 24 | $14.4M | $83.8M | ||
| Q2 24 | $24.6M | $66.1M | ||
| Q1 24 | — | $82.1M |
总债务LBRMAX
| Q4 25 | $570.7M | $432.2M | ||
| Q3 25 | $366.1M | $433.3M | ||
| Q2 25 | $370.9M | $434.4M | ||
| Q1 25 | $375.5M | $435.3M | ||
| Q4 24 | $385.5M | $436.2M | ||
| Q3 24 | $242.4M | $437.2M | ||
| Q2 24 | $360.8M | $438.1M | ||
| Q1 24 | — | $439.0M |
股东权益LBRMAX
| Q4 25 | $340.3M | $452.4M | ||
| Q3 25 | $272.0M | $448.1M | ||
| Q2 25 | $266.4M | $442.4M | ||
| Q1 25 | $217.0M | $433.5M | ||
| Q4 24 | $211.8M | $429.5M | ||
| Q3 24 | $97.2M | $423.1M | ||
| Q2 24 | $296.4M | $418.4M | ||
| Q1 24 | $162.3M | $412.0M |
总资产LBRMAX
| Q4 25 | $1.4B | $582.5M | ||
| Q3 25 | $1.1B | $582.2M | ||
| Q2 25 | $1.1B | $574.8M | ||
| Q1 25 | $1.0B | $571.4M | ||
| Q4 24 | $1.0B | $581.6M | ||
| Q3 24 | $689.9M | $578.6M | ||
| Q2 24 | $710.5M | $571.4M | ||
| Q1 24 | — | $566.7M |
负债/权益比LBRMAX
| Q4 25 | 1.68× | 0.96× | ||
| Q3 25 | 1.35× | 0.97× | ||
| Q2 25 | 1.39× | 0.98× | ||
| Q1 25 | 1.73× | 1.00× | ||
| Q4 24 | 1.82× | 1.02× | ||
| Q3 24 | 2.49× | 1.03× | ||
| Q2 24 | 1.22× | 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 | $126.3M | $40.9M |
| 自由现金流经营现金流 - 资本支出 | $122.0M | $33.5M |
| 自由现金流率自由现金流/营收 | 214.9% | 47.1% |
| 资本支出强度资本支出/营收 | 7.5% | 10.4% |
| 现金转化率经营现金流/净利润 | 15.68× | 28.39× |
| 过去12个月自由现金流最近4个季度 | $207.7M | $56.8M |
8季度趋势，按日历期对齐
经营现金流LBRMAX
| Q4 25 | $126.3M | $40.9M | ||
| Q3 25 | $34.9M | $17.7M | ||
| Q2 25 | $37.3M | $4.6M | ||
| Q1 25 | $15.9M | $5.7M | ||
| Q4 24 | $67.6M | $59.7M | ||
| Q3 24 | $7.5M | $17.6M | ||
| Q2 24 | $16.0M | $15.9M | ||
| Q1 24 | $17.2M | $9.4M |
自由现金流LBRMAX
| Q4 25 | $122.0M | $33.5M | ||
| Q3 25 | $33.7M | $16.4M | ||
| Q2 25 | $36.1M | $2.9M | ||
| Q1 25 | $15.8M | $4.0M | ||
| Q4 24 | $66.7M | $53.0M | ||
| Q3 24 | $7.1M | $16.3M | ||
| Q2 24 | $15.7M | $14.0M | ||
| Q1 24 | $17.1M | $6.8M |
自由现金流率LBRMAX
| Q4 25 | 214.9% | 47.1% | ||
| Q3 25 | 66.3% | 22.4% | ||
| Q2 25 | 75.9% | 4.0% | ||
| Q1 25 | 36.0% | 5.3% | ||
| Q4 24 | 182.6% | 73.2% | ||
| Q3 24 | 25.1% | 20.8% | ||
| Q2 24 | 60.4% | 17.8% | ||
| Q1 24 | 90.1% | 8.6% |
资本支出强度LBRMAX
| Q4 25 | 7.5% | 10.4% | ||
| Q3 25 | 2.3% | 1.8% | ||
| Q2 25 | 2.6% | 2.2% | ||
| Q1 25 | 0.2% | 2.3% | ||
| Q4 24 | 2.7% | 9.1% | ||
| Q3 24 | 1.1% | 1.7% | ||
| Q2 24 | 1.4% | 2.4% | ||
| Q1 24 | 0.5% | 3.3% |
现金转化率LBRMAX
| Q4 25 | 15.68× | 28.39× | ||
| Q3 25 | 4.31× | 4.45× | ||
| Q2 25 | 4.98× | 0.97× | ||
| Q1 25 | 2.46× | — | ||
| Q4 24 | 1.37× | 10.28× | ||
| Q3 24 | 2.80× | 18.22× | ||
| Q2 24 | — | 4.29× | ||
| Q1 24 | 1.60× | — |
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
LB
暂无分部数据
RMAX
| Franchising Segment | $50.1M | 70% |
| Broker Fees | $13.9M | 20% |
| Annual Dues | $7.4M | 10% |
