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Linkhome Holdings Inc.（LHAI）与NEWMARK GROUP, INC.（NMRK）财务数据对比。点击上方公司名可切换其他公司
NEWMARK GROUP, INC.的季度营收约是Linkhome Holdings Inc.的169.3倍（$859.5M vs $5.1M）。NEWMARK GROUP, INC.净利率更高（7.9% vs -0.4%，领先8.3%）
联家控股有限公司是一家综合住宅租赁与物业管理服务商，主要面向中国市场运营，为业主与个人租客提供精装长短租公寓、物业维护、租客支持及相关增值服务，业务覆盖国内多个一二线核心城市。
纽马克集团是一家总部位于纽约的全球性商业地产咨询及服务企业，旗下业务以Newmark品牌开展，在纳斯达克全球精选市场上市，股票代码为NMRK，为全球客户提供商业地产领域的多元专业服务。
LHAI vs NMRK — 直观对比
营收规模更大
NMRK
是对方的169.3倍
$5.1M
净利率更高
NMRK
高出8.3%
-0.4%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $5.1M | $859.5M |
| 净利润 | $-19.9K | $68.0M |
| 毛利率 | 3.8% | — |
| 营业利润率 | -1.4% | 14.4% |
| 净利率 | -0.4% | 7.9% |
| 营收同比 | — | 18.1% |
| 净利润同比 | — | 49.7% |
| 每股收益（稀释后） | — | $0.37 |
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LHAINMRK
| Q4 25 | $5.1M | $859.5M | ||
| Q3 25 | $5.4M | $715.0M | ||
| Q2 25 | $4.8M | $639.6M | ||
| Q1 25 | $5.7M | $556.2M | ||
| Q4 24 | — | $727.5M | ||
| Q3 24 | $234.9K | $568.0M | ||
| Q2 24 | — | $527.3M | ||
| Q1 24 | — | $450.2M |
净利润LHAINMRK
| Q4 25 | $-19.9K | $68.0M | ||
| Q3 25 | $-305 | $46.2M | ||
| Q2 25 | $14.4K | $20.8M | ||
| Q1 25 | $80.6K | $-8.8M | ||
| Q4 24 | — | $45.4M | ||
| Q3 24 | $284.1K | $17.8M | ||
| Q2 24 | — | $14.3M | ||
| Q1 24 | — | $-16.3M |
毛利率LHAINMRK
| Q4 25 | 3.8% | — | ||
| Q3 25 | 3.8% | — | ||
| Q2 25 | 2.3% | — | ||
| Q1 25 | 4.6% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
营业利润率LHAINMRK
| Q4 25 | -1.4% | 14.4% | ||
| Q3 25 | 0.2% | 11.9% | ||
| Q2 25 | 0.3% | 6.7% | ||
| Q1 25 | 2.2% | -3.1% | ||
| Q4 24 | — | 14.3% | ||
| Q3 24 | — | 7.2% | ||
| Q2 24 | — | 7.7% | ||
| Q1 24 | — | -5.0% |
净利率LHAINMRK
| Q4 25 | -0.4% | 7.9% | ||
| Q3 25 | -0.0% | 6.5% | ||
| Q2 25 | 0.3% | 3.3% | ||
| Q1 25 | 1.4% | -1.6% | ||
| Q4 24 | — | 6.2% | ||
| Q3 24 | 121.0% | 3.1% | ||
| Q2 24 | — | 2.7% | ||
| Q1 24 | — | -3.6% |
每股收益（稀释后）LHAINMRK
| Q4 25 | — | $0.37 | ||
| Q3 25 | — | $0.25 | ||
| Q2 25 | — | $0.11 | ||
| Q1 25 | — | $-0.05 | ||
| Q4 24 | — | $0.25 | ||
| 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 | $7.0M | $229.1M |
| 总债务越低越好 | — | $671.7M |
| 股东权益账面价值 | $7.6M | $1.5B |
| 总资产 | $10.0M | $5.0B |
| 负债/权益比越低杠杆越低 | — | 0.46× |
8季度趋势，按日历期对齐
现金及短期投资LHAINMRK
| Q4 25 | $7.0M | $229.1M | ||
| Q3 25 | $3.7M | $224.1M | ||
| Q2 25 | $2.6M | $195.8M | ||
| Q1 25 | $709.1K | $157.1M | ||
| Q4 24 | — | $197.7M | ||
| Q3 24 | $718.1K | $178.6M | ||
| Q2 24 | — | $176.4M | ||
| Q1 24 | — | $140.9M |
总债务LHAINMRK
| Q4 25 | — | $671.7M | ||
| Q3 25 | — | $746.5M | ||
| Q2 25 | — | $871.2M | ||
| Q1 25 | — | $770.9M | ||
| Q4 24 | — | $670.7M | ||
| Q3 24 | — | $770.4M | ||
| Q2 24 | — | $745.2M | ||
| Q1 24 | — | $670.2M |
股东权益LHAINMRK
| Q4 25 | $7.6M | $1.5B | ||
| Q3 25 | $7.2M | $1.4B | ||
| Q2 25 | $2.5M | $1.3B | ||
| Q1 25 | $2.5M | $1.3B | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | $2.0M | $1.2B | ||
| Q2 24 | — | $1.2B | ||
| Q1 24 | — | $1.2B |
总资产LHAINMRK
| Q4 25 | $10.0M | $5.0B | ||
| Q3 25 | $8.6M | $5.5B | ||
| Q2 25 | $3.6M | $5.4B | ||
| Q1 25 | $3.4M | $4.8B | ||
| Q4 24 | — | $4.7B | ||
| Q3 24 | $2.9M | $5.0B | ||
| Q2 24 | — | $4.8B | ||
| Q1 24 | — | $4.4B |
负债/权益比LHAINMRK
| Q4 25 | — | 0.46× | ||
| Q3 25 | — | 0.55× | ||
| Q2 25 | — | 0.68× | ||
| Q1 25 | — | 0.58× | ||
| Q4 24 | — | 0.56× | ||
| Q3 24 | — | 0.66× | ||
| Q2 24 | — | 0.62× | ||
| Q1 24 | — | 0.54× |
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 | $2.8M | $618.5M |
| 自由现金流经营现金流 - 资本支出 | — | $608.8M |
| 自由现金流率自由现金流/营收 | — | 70.8% |
| 资本支出强度资本支出/营收 | — | 1.1% |
| 现金转化率经营现金流/净利润 | — | 9.10× |
| 过去12个月自由现金流最近4个季度 | — | $142.6M |
8季度趋势，按日历期对齐
经营现金流LHAINMRK
| Q4 25 | $2.8M | $618.5M | ||
| Q3 25 | $-3.1M | $112.6M | ||
| Q2 25 | $1.7M | $-379.7M | ||
| Q1 25 | $-893.8K | $-179.4M | ||
| Q4 24 | — | $402.6M | ||
| Q3 24 | — | $-85.2M | ||
| Q2 24 | — | $-258.5M | ||
| Q1 24 | — | $-68.8M |
自由现金流LHAINMRK
| Q4 25 | — | $608.8M | ||
| Q3 25 | — | $104.9M | ||
| Q2 25 | $-3.0M | $-386.2M | ||
| Q1 25 | $-1.8M | $-184.8M | ||
| Q4 24 | — | $396.6M | ||
| Q3 24 | — | $-94.4M | ||
| Q2 24 | — | $-267.8M | ||
| Q1 24 | — | $-75.8M |
自由现金流率LHAINMRK
| Q4 25 | — | 70.8% | ||
| Q3 25 | — | 14.7% | ||
| Q2 25 | -62.0% | -60.4% | ||
| Q1 25 | -31.7% | -33.2% | ||
| Q4 24 | — | 54.5% | ||
| Q3 24 | — | -16.6% | ||
| Q2 24 | — | -50.8% | ||
| Q1 24 | — | -16.8% |
资本支出强度LHAINMRK
| Q4 25 | — | 1.1% | ||
| Q3 25 | — | 1.1% | ||
| Q2 25 | 97.5% | 1.0% | ||
| Q1 25 | 16.0% | 1.0% | ||
| Q4 24 | — | 0.8% | ||
| Q3 24 | — | 1.6% | ||
| Q2 24 | — | 1.8% | ||
| Q1 24 | — | 1.6% |
现金转化率LHAINMRK
| Q4 25 | — | 9.10× | ||
| Q3 25 | — | 2.44× | ||
| Q2 25 | 118.08× | -18.24× | ||
| Q1 25 | -11.09× | — | ||
| Q4 24 | — | 8.86× | ||
| Q3 24 | — | -4.79× | ||
| Q2 24 | — | -18.10× | ||
| 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
LHAI
暂无分部数据
NMRK
| Management Services | $263.1M | 31% |
| Investment Advice | $200.1M | 23% |
| Mortgage Brokerage And Debt Placement | $83.1M | 10% |
| Servicing Fees And Other | $80.7M | 9% |
| GB | $69.0M | 8% |
| Other Geographical Areas | $63.6M | 7% |
| Servicing | $36.2M | 4% |
| Other | $34.2M | 4% |
| Loan Originations Related Fees And Sales Premiums Net | $29.6M | 3% |
