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Limbach Holdings, Inc.（LMB）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
Limbach Holdings, Inc.的季度营收约是RE/MAX Holdings, Inc.的2.0倍（$138.9M vs $71.1M），Limbach Holdings, Inc.净利率更高（3.2% vs 2.0%，领先1.1%），Limbach Holdings, Inc.同比增速更快（4.3% vs -1.8%），过去两年Limbach Holdings, Inc.的营收复合增速更高（6.6% vs -4.7%）
林巴赫航空发动机是一家由中资控股、总部位于德国的企业，主营航空发动机的研发与制造业务，在航空动力装备领域拥有成熟的生产技术与行业经验。
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。
LMB vs RMAX — 直观对比
营收规模更大
LMB
是对方的2.0倍
$71.1M
营收增速更快
LMB
高出6.2%
-1.8%
净利率更高
LMB
高出1.1%
2.0%
两年增速更快
LMB
近两年复合增速
-4.7%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $138.9M | $71.1M |
| 净利润 | $4.4M | $1.4M |
| 毛利率 | 22.4% | — |
| 营业利润率 | 0.8% | 13.1% |
| 净利率 | 3.2% | 2.0% |
| 营收同比 | 4.3% | -1.8% |
| 净利润同比 | — | -75.2% |
| 每股收益（稀释后） | $0.36 | — |
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LMBRMAX
| Q1 26 | $138.9M | — | ||
| Q4 25 | $186.9M | $71.1M | ||
| Q3 25 | $184.6M | $73.2M | ||
| Q2 25 | $142.2M | $72.8M | ||
| Q1 25 | $133.1M | $74.5M | ||
| Q4 24 | $143.7M | $72.5M | ||
| Q3 24 | $133.9M | $78.5M | ||
| Q2 24 | $122.2M | $78.5M |
净利润LMBRMAX
| Q1 26 | $4.4M | — | ||
| Q4 25 | $12.3M | $1.4M | ||
| Q3 25 | $8.8M | $4.0M | ||
| Q2 25 | $7.8M | $4.7M | ||
| Q1 25 | $10.2M | $-2.0M | ||
| Q4 24 | $9.8M | $5.8M | ||
| Q3 24 | $7.5M | $966.0K | ||
| Q2 24 | $6.0M | $3.7M |
毛利率LMBRMAX
| Q1 26 | 22.4% | — | ||
| Q4 25 | 25.7% | — | ||
| Q3 25 | 24.2% | — | ||
| Q2 25 | 28.0% | — | ||
| Q1 25 | 27.6% | — | ||
| Q4 24 | 30.3% | — | ||
| Q3 24 | 27.0% | — | ||
| Q2 24 | 27.4% | — |
营业利润率LMBRMAX
| Q1 26 | 0.8% | — | ||
| Q4 25 | 9.4% | 13.1% | ||
| Q3 25 | 7.2% | 25.0% | ||
| Q2 25 | 7.5% | 19.3% | ||
| Q1 25 | 5.9% | 7.2% | ||
| Q4 24 | 9.1% | 5.9% | ||
| Q3 24 | 8.1% | 19.4% | ||
| Q2 24 | 6.7% | 20.6% |
净利率LMBRMAX
| Q1 26 | 3.2% | — | ||
| Q4 25 | 6.6% | 2.0% | ||
| Q3 25 | 4.8% | 5.4% | ||
| Q2 25 | 5.5% | 6.4% | ||
| Q1 25 | 7.7% | -2.6% | ||
| Q4 24 | 6.9% | 8.0% | ||
| Q3 24 | 5.6% | 1.2% | ||
| Q2 24 | 4.9% | 4.7% |
每股收益（稀释后）LMBRMAX
| Q1 26 | $0.36 | — | ||
| Q4 25 | $1.01 | — | ||
| Q3 25 | $0.73 | — | ||
| Q2 25 | $0.64 | — | ||
| Q1 25 | $0.85 | — | ||
| Q4 24 | $0.81 | — | ||
| Q3 24 | $0.62 | — | ||
| Q2 24 | $0.50 | — |
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 | $15.8M | $118.7M |
| 总债务越低越好 | $56.6M | $432.2M |
| 股东权益账面价值 | $196.3M | $452.4M |
| 总资产 | $377.0M | $582.5M |
| 负债/权益比越低杠杆越低 | 0.29× | 0.96× |
8季度趋势，按日历期对齐
现金及短期投资LMBRMAX
| Q1 26 | $15.8M | — | ||
| Q4 25 | $11.3M | $118.7M | ||
| Q3 25 | $9.8M | $107.5M | ||
| Q2 25 | $38.9M | $94.3M | ||
| Q1 25 | $38.1M | $89.1M | ||
| Q4 24 | $44.9M | $96.6M | ||
| Q3 24 | $51.2M | $83.8M | ||
| Q2 24 | $59.5M | $66.1M |
总债务LMBRMAX
| Q1 26 | $56.6M | — | ||
| Q4 25 | $30.5M | $432.2M | ||
| Q3 25 | $56.3M | $433.3M | ||
| Q2 25 | $28.4M | $434.4M | ||
| Q1 25 | $23.7M | $435.3M | ||
| Q4 24 | $23.6M | $436.2M | ||
| Q3 24 | $20.5M | $437.2M | ||
| Q2 24 | $19.7M | $438.1M |
股东权益LMBRMAX
| Q1 26 | $196.3M | — | ||
| Q4 25 | $195.7M | $452.4M | ||
| Q3 25 | $181.6M | $448.1M | ||
| Q2 25 | $170.5M | $442.4M | ||
| Q1 25 | $161.1M | $433.5M | ||
| Q4 24 | $153.5M | $429.5M | ||
| Q3 24 | $142.2M | $423.1M | ||
| Q2 24 | $133.0M | $418.4M |
总资产LMBRMAX
| Q1 26 | $377.0M | — | ||
| Q4 25 | $381.1M | $582.5M | ||
| Q3 25 | $409.1M | $582.2M | ||
| Q2 25 | $343.0M | $574.8M | ||
| Q1 25 | $336.4M | $571.4M | ||
| Q4 24 | $352.1M | $581.6M | ||
| Q3 24 | $324.4M | $578.6M | ||
| Q2 24 | $303.9M | $571.4M |
负债/权益比LMBRMAX
| Q1 26 | 0.29× | — | ||
| Q4 25 | 0.16× | 0.96× | ||
| Q3 25 | 0.31× | 0.97× | ||
| Q2 25 | 0.17× | 0.98× | ||
| Q1 25 | 0.15× | 1.00× | ||
| Q4 24 | 0.15× | 1.02× | ||
| Q3 24 | 0.14× | 1.03× | ||
| Q2 24 | 0.15× | 1.05× |
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 | — | $40.9M |
| 自由现金流经营现金流 - 资本支出 | — | $33.5M |
| 自由现金流率自由现金流/营收 | — | 47.1% |
| 资本支出强度资本支出/营收 | — | 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 | — | $56.8M |
8季度趋势，按日历期对齐
经营现金流LMBRMAX
| Q1 26 | — | — | ||
| Q4 25 | $28.1M | $40.9M | ||
| Q3 25 | $13.3M | $17.7M | ||
| Q2 25 | $2.0M | $4.6M | ||
| Q1 25 | $2.2M | $5.7M | ||
| Q4 24 | $19.3M | $59.7M | ||
| Q3 24 | $4.9M | $17.6M | ||
| Q2 24 | $16.5M | $15.9M |
自由现金流LMBRMAX
| Q1 26 | — | — | ||
| Q4 25 | $27.9M | $33.5M | ||
| Q3 25 | $12.8M | $16.4M | ||
| Q2 25 | $1.2M | $2.9M | ||
| Q1 25 | $11.0K | $4.0M | ||
| Q4 24 | $18.0M | $53.0M | ||
| Q3 24 | $4.6M | $16.3M | ||
| Q2 24 | $13.2M | $14.0M |
自由现金流率LMBRMAX
| Q1 26 | — | — | ||
| Q4 25 | 14.9% | 47.1% | ||
| Q3 25 | 7.0% | 22.4% | ||
| Q2 25 | 0.8% | 4.0% | ||
| Q1 25 | 0.0% | 5.3% | ||
| Q4 24 | 12.5% | 73.2% | ||
| Q3 24 | 3.4% | 20.8% | ||
| Q2 24 | 10.8% | 17.8% |
资本支出强度LMBRMAX
| Q1 26 | — | — | ||
| Q4 25 | 0.1% | 10.4% | ||
| Q3 25 | 0.3% | 1.8% | ||
| Q2 25 | 0.6% | 2.2% | ||
| Q1 25 | 1.7% | 2.3% | ||
| Q4 24 | 0.9% | 9.1% | ||
| Q3 24 | 0.3% | 1.7% | ||
| Q2 24 | 2.7% | 2.4% |
现金转化率LMBRMAX
| Q1 26 | — | — | ||
| Q4 25 | 2.29× | 28.39× | ||
| Q3 25 | 1.52× | 4.45× | ||
| Q2 25 | 0.26× | 0.97× | ||
| Q1 25 | 0.22× | — | ||
| Q4 24 | 1.96× | 10.28× | ||
| Q3 24 | 0.66× | 18.22× | ||
| Q2 24 | 2.77× | 4.29× |
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
LMB
| ODR | $99.8M | 72% |
| GCR | $39.0M | 28% |
RMAX
| Franchising Segment | $50.1M | 70% |
| Broker Fees | $13.9M | 20% |
| Annual Dues | $7.4M | 10% |
