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LEE ENTERPRISES, Inc（LEE）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
LEE ENTERPRISES, Inc的季度营收约是RE/MAX Holdings, Inc.的1.8倍（$130.1M vs $71.1M），RE/MAX Holdings, Inc.净利率更高（2.0% vs -4.3%，领先6.3%），RE/MAX Holdings, Inc.同比增速更快（-1.8% vs -10.0%），RE/MAX Holdings, Inc.自由现金流更多（$33.5M vs $3.7M），过去两年RE/MAX Holdings, Inc.的营收复合增速更高（-4.7% vs -5.8%）
李企业是一家上市美国传媒企业，在全美25个州运营着72份日报，同时还经营超过350份周报、分类广告刊物及各类专业刊物。公司由阿尔弗雷德·威尔逊·李于1890年创立，总部坐落于爱荷华州达文波特。
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。
LEE vs RMAX — 直观对比
营收规模更大
LEE
是对方的1.8倍
$71.1M
营收增速更快
RMAX
高出8.2%
-10.0%
净利率更高
RMAX
高出6.3%
-4.3%
自由现金流更多
RMAX
多$29.8M
$3.7M
两年增速更快
RMAX
近两年复合增速
-5.8%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $130.1M | $71.1M |
| 净利润 | $-5.6M | $1.4M |
| 毛利率 | — | — |
| 营业利润率 | 4.0% | 13.1% |
| 净利率 | -4.3% | 2.0% |
| 营收同比 | -10.0% | -1.8% |
| 净利润同比 | 66.5% | -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LEERMAX
| Q4 25 | $130.1M | $71.1M | ||
| Q3 25 | $139.1M | $73.2M | ||
| Q2 25 | $141.3M | $72.8M | ||
| Q1 25 | $137.4M | $74.5M | ||
| Q4 24 | $144.6M | $72.5M | ||
| Q3 24 | $158.6M | $78.5M | ||
| Q2 24 | $150.6M | $78.5M | ||
| Q1 24 | $146.6M | $78.3M |
净利润LEERMAX
| Q4 25 | $-5.6M | $1.4M | ||
| Q3 25 | $-6.4M | $4.0M | ||
| Q2 25 | $-1.9M | $4.7M | ||
| Q1 25 | $-12.5M | $-2.0M | ||
| Q4 24 | $-16.7M | $5.8M | ||
| Q3 24 | $-10.1M | $966.0K | ||
| Q2 24 | $-4.3M | $3.7M | ||
| Q1 24 | $-12.2M | $-3.4M |
营业利润率LEERMAX
| Q4 25 | 4.0% | 13.1% | ||
| Q3 25 | -1.0% | 25.0% | ||
| Q2 25 | 3.3% | 19.3% | ||
| Q1 25 | -3.3% | 7.2% | ||
| Q4 24 | -2.3% | 5.9% | ||
| Q3 24 | -2.3% | 19.4% | ||
| Q2 24 | 3.3% | 20.6% | ||
| Q1 24 | -3.1% | 5.8% |
净利率LEERMAX
| Q4 25 | -4.3% | 2.0% | ||
| Q3 25 | -4.6% | 5.4% | ||
| Q2 25 | -1.4% | 6.4% | ||
| Q1 25 | -9.1% | -2.6% | ||
| Q4 24 | -11.6% | 8.0% | ||
| Q3 24 | -6.4% | 1.2% | ||
| Q2 24 | -2.8% | 4.7% | ||
| Q1 24 | -8.3% | -4.3% |
每股收益（稀释后）LEERMAX
| Q4 25 | $-0.92 | — | ||
| Q3 25 | $-1.02 | — | ||
| Q2 25 | $-0.31 | — | ||
| Q1 25 | $-2.07 | — | ||
| Q4 24 | $-2.80 | — | ||
| Q3 24 | $-1.68 | — | ||
| Q2 24 | $-0.73 | — | ||
| Q1 24 | $-2.06 | — |
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 | $12.6M | $118.7M |
| 总债务越低越好 | — | $432.2M |
| 股东权益账面价值 | $-48.7M | $452.4M |
| 总资产 | $592.6M | $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LEERMAX
| Q4 25 | $12.6M | $118.7M | ||
| Q3 25 | $10.0M | $107.5M | ||
| Q2 25 | $14.1M | $94.3M | ||
| Q1 25 | $4.7M | $89.1M | ||
| Q4 24 | $6.1M | $96.6M | ||
| Q3 24 | $9.6M | $83.8M | ||
| Q2 24 | $13.4M | $66.1M | ||
| Q1 24 | $16.1M | $82.1M |
总债务LEERMAX
| 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LEERMAX
| Q4 25 | $-48.7M | $452.4M | ||
| Q3 25 | $-43.3M | $448.1M | ||
| Q2 25 | $-40.5M | $442.4M | ||
| Q1 25 | $-38.9M | $433.5M | ||
| Q4 24 | $-26.7M | $429.5M | ||
| Q3 24 | $-9.9M | $423.1M | ||
| Q2 24 | $4.0M | $418.4M | ||
| Q1 24 | $7.9M | $412.0M |
总资产LEERMAX
| Q4 25 | $592.6M | $582.5M | ||
| Q3 25 | $601.7M | $582.2M | ||
| Q2 25 | $622.7M | $574.8M | ||
| Q1 25 | $623.9M | $571.4M | ||
| Q4 24 | $633.0M | $581.6M | ||
| Q3 24 | $649.2M | $578.6M | ||
| Q2 24 | $677.5M | $571.4M | ||
| Q1 24 | $684.8M | $566.7M |
负债/权益比LEERMAX
| 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 | $4.5M | $40.9M |
| 自由现金流经营现金流 - 资本支出 | $3.7M | $33.5M |
| 自由现金流率自由现金流/营收 | 2.9% | 47.1% |
| 资本支出强度资本支出/营收 | 0.6% | 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 | $1.5M | $56.8M |
8季度趋势，按日历期对齐
经营现金流LEERMAX
| Q4 25 | $4.5M | $40.9M | ||
| Q3 25 | $-6.3M | $17.7M | ||
| Q2 25 | $8.9M | $4.6M | ||
| Q1 25 | $-790.0K | $5.7M | ||
| Q4 24 | $-7.3M | $59.7M | ||
| Q3 24 | $-261.0K | $17.6M | ||
| Q2 24 | $-1.9M | $15.9M | ||
| Q1 24 | $3.2M | $9.4M |
自由现金流LEERMAX
| Q4 25 | $3.7M | $33.5M | ||
| Q3 25 | $-8.3M | $16.4M | ||
| Q2 25 | $8.3M | $2.9M | ||
| Q1 25 | $-2.2M | $4.0M | ||
| Q4 24 | $-8.9M | $53.0M | ||
| Q3 24 | $-2.9M | $16.3M | ||
| Q2 24 | $-5.5M | $14.0M | ||
| Q1 24 | $1.3M | $6.8M |
自由现金流率LEERMAX
| Q4 25 | 2.9% | 47.1% | ||
| Q3 25 | -6.0% | 22.4% | ||
| Q2 25 | 5.9% | 4.0% | ||
| Q1 25 | -1.6% | 5.3% | ||
| Q4 24 | -6.1% | 73.2% | ||
| Q3 24 | -1.8% | 20.8% | ||
| Q2 24 | -3.6% | 17.8% | ||
| Q1 24 | 0.9% | 8.6% |
资本支出强度LEERMAX
| Q4 25 | 0.6% | 10.4% | ||
| Q3 25 | 1.4% | 1.8% | ||
| Q2 25 | 0.4% | 2.2% | ||
| Q1 25 | 1.0% | 2.3% | ||
| Q4 24 | 1.1% | 9.1% | ||
| Q3 24 | 1.7% | 1.7% | ||
| Q2 24 | 2.4% | 2.4% | ||
| Q1 24 | 1.3% | 3.3% |
现金转化率LEERMAX
| 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
LEE
| Advertising And Marketing Services | $60.0M | 46% |
| Subscription And Circulation | $57.7M | 44% |
| Other | $12.4M | 10% |
RMAX
| Franchising Segment | $50.1M | 70% |
| Broker Fees | $13.9M | 20% |
| Annual Dues | $7.4M | 10% |
