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LIQUIDITY SERVICES INC（LQDT）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
LIQUIDITY SERVICES INC的季度营收约是RE/MAX Holdings, Inc.的1.7倍（$121.2M vs $71.1M），LIQUIDITY SERVICES INC净利率更高（6.2% vs 2.0%，领先4.2%），LIQUIDITY SERVICES INC同比增速更快（-0.9% vs -1.8%），RE/MAX Holdings, Inc.自由现金流更多（$33.5M vs $-2.8M），过去两年LIQUIDITY SERVICES INC的营收复合增速更高（15.1% vs -4.7%）
利魁迪提服务公司是一家美国电子商务企业，依托线上交易平台网络为客户提供过剩资产管理服务，助力各类企业及政府机构转售过剩库存、退回商品及报废货品。公司成立于1999年，总部设在美国马里兰州贝塞斯达。
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。
LQDT vs RMAX — 直观对比
营收规模更大
LQDT
是对方的1.7倍
$71.1M
营收增速更快
LQDT
高出0.9%
-1.8%
净利率更高
LQDT
高出4.2%
2.0%
自由现金流更多
RMAX
多$36.3M
$-2.8M
两年增速更快
LQDT
近两年复合增速
-4.7%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $121.2M | $71.1M |
| 净利润 | $7.5M | $1.4M |
| 毛利率 | 47.0% | — |
| 营业利润率 | 7.7% | 13.1% |
| 净利率 | 6.2% | 2.0% |
| 营收同比 | -0.9% | -1.8% |
| 净利润同比 | 28.9% | -75.2% |
| 每股收益（稀释后） | $0.23 | — |
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LQDTRMAX
| Q4 25 | $121.2M | $71.1M | ||
| Q3 25 | $118.1M | $73.2M | ||
| Q2 25 | $119.9M | $72.8M | ||
| Q1 25 | $116.4M | $74.5M | ||
| Q4 24 | $122.3M | $72.5M | ||
| Q3 24 | $106.9M | $78.5M | ||
| Q2 24 | $93.6M | $78.5M | ||
| Q1 24 | $91.5M | $78.3M |
净利润LQDTRMAX
| Q4 25 | $7.5M | $1.4M | ||
| Q3 25 | $7.8M | $4.0M | ||
| Q2 25 | $7.4M | $4.7M | ||
| Q1 25 | $7.1M | $-2.0M | ||
| Q4 24 | $5.8M | $5.8M | ||
| Q3 24 | $6.4M | $966.0K | ||
| Q2 24 | $6.0M | $3.7M | ||
| Q1 24 | $5.7M | $-3.4M |
毛利率LQDTRMAX
| Q4 25 | 47.0% | — | ||
| Q3 25 | 47.8% | — | ||
| Q2 25 | 45.7% | — | ||
| Q1 25 | 40.8% | — | ||
| Q4 24 | 41.0% | — | ||
| Q3 24 | 45.6% | — | ||
| Q2 24 | 52.8% | — | ||
| Q1 24 | 51.6% | — |
营业利润率LQDTRMAX
| Q4 25 | 7.7% | 13.1% | ||
| Q3 25 | 9.3% | 25.0% | ||
| Q2 25 | 8.5% | 19.3% | ||
| Q1 25 | 5.8% | 7.2% | ||
| Q4 24 | 5.8% | 5.9% | ||
| Q3 24 | 6.8% | 19.4% | ||
| Q2 24 | 8.4% | 20.6% | ||
| Q1 24 | 7.2% | 5.8% |
净利率LQDTRMAX
| Q4 25 | 6.2% | 2.0% | ||
| Q3 25 | 6.6% | 5.4% | ||
| Q2 25 | 6.2% | 6.4% | ||
| Q1 25 | 6.1% | -2.6% | ||
| Q4 24 | 4.7% | 8.0% | ||
| Q3 24 | 6.0% | 1.2% | ||
| Q2 24 | 6.4% | 4.7% | ||
| Q1 24 | 6.2% | -4.3% |
每股收益（稀释后）LQDTRMAX
| Q4 25 | $0.23 | — | ||
| Q3 25 | $0.24 | — | ||
| Q2 25 | $0.23 | — | ||
| Q1 25 | $0.22 | — | ||
| Q4 24 | $0.18 | — | ||
| Q3 24 | $0.20 | — | ||
| Q2 24 | $0.19 | — | ||
| Q1 24 | $0.18 | — |
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 | $11.6M | $118.7M |
| 总债务越低越好 | — | $432.2M |
| 股东权益账面价值 | $215.3M | $452.4M |
| 总资产 | $369.1M | $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LQDTRMAX
| Q4 25 | $11.6M | $118.7M | ||
| Q3 25 | $11.2M | $107.5M | ||
| Q2 25 | $11.4M | $94.3M | ||
| Q1 25 | $10.5M | $89.1M | ||
| Q4 24 | $10.4M | $96.6M | ||
| Q3 24 | $2.3M | $83.8M | ||
| Q2 24 | $6.5M | $66.1M | ||
| Q1 24 | $8.4M | $82.1M |
总债务LQDTRMAX
| 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LQDTRMAX
| Q4 25 | $215.3M | $452.4M | ||
| Q3 25 | $203.2M | $448.1M | ||
| Q2 25 | $208.7M | $442.4M | ||
| Q1 25 | $196.3M | $433.5M | ||
| Q4 24 | $189.2M | $429.5M | ||
| Q3 24 | $182.6M | $423.1M | ||
| Q2 24 | $172.0M | $418.4M | ||
| Q1 24 | $163.9M | $412.0M |
总资产LQDTRMAX
| Q4 25 | $369.1M | $582.5M | ||
| Q3 25 | $375.1M | $582.2M | ||
| Q2 25 | $372.4M | $574.8M | ||
| Q1 25 | $358.8M | $571.4M | ||
| Q4 24 | $333.2M | $581.6M | ||
| Q3 24 | $346.9M | $578.6M | ||
| Q2 24 | $325.5M | $571.4M | ||
| Q1 24 | $303.7M | $566.7M |
负债/权益比LQDTRMAX
| 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 | $-526.0K | $40.9M |
| 自由现金流经营现金流 - 资本支出 | $-2.8M | $33.5M |
| 自由现金流率自由现金流/营收 | -2.3% | 47.1% |
| 资本支出强度资本支出/营收 | 1.9% | 10.4% |
| 现金转化率经营现金流/净利润 | -0.07× | 28.39× |
| 过去12个月自由现金流最近4个季度 | $70.1M | $56.8M |
8季度趋势，按日历期对齐
经营现金流LQDTRMAX
| Q4 25 | $-526.0K | $40.9M | ||
| Q3 25 | $38.0M | $17.7M | ||
| Q2 25 | $19.3M | $4.6M | ||
| Q1 25 | $21.6M | $5.7M | ||
| Q4 24 | $-12.1M | $59.7M | ||
| Q3 24 | $22.0M | $17.6M | ||
| Q2 24 | $22.2M | $15.9M | ||
| Q1 24 | $34.8M | $9.4M |
自由现金流LQDTRMAX
| Q4 25 | $-2.8M | $33.5M | ||
| Q3 25 | $36.0M | $16.4M | ||
| Q2 25 | $17.2M | $2.9M | ||
| Q1 25 | $19.8M | $4.0M | ||
| Q4 24 | $-14.0M | $53.0M | ||
| Q3 24 | $19.2M | $16.3M | ||
| Q2 24 | $20.3M | $14.0M | ||
| Q1 24 | $32.5M | $6.8M |
自由现金流率LQDTRMAX
| Q4 25 | -2.3% | 47.1% | ||
| Q3 25 | 30.5% | 22.4% | ||
| Q2 25 | 14.3% | 4.0% | ||
| Q1 25 | 17.0% | 5.3% | ||
| Q4 24 | -11.4% | 73.2% | ||
| Q3 24 | 17.9% | 20.8% | ||
| Q2 24 | 21.7% | 17.8% | ||
| Q1 24 | 35.5% | 8.6% |
资本支出强度LQDTRMAX
| Q4 25 | 1.9% | 10.4% | ||
| Q3 25 | 1.7% | 1.8% | ||
| Q2 25 | 1.8% | 2.2% | ||
| Q1 25 | 1.6% | 2.3% | ||
| Q4 24 | 1.5% | 9.1% | ||
| Q3 24 | 2.7% | 1.7% | ||
| Q2 24 | 2.1% | 2.4% | ||
| Q1 24 | 2.6% | 3.3% |
现金转化率LQDTRMAX
| Q4 25 | -0.07× | 28.39× | ||
| Q3 25 | 4.86× | 4.45× | ||
| Q2 25 | 2.60× | 0.97× | ||
| Q1 25 | 3.07× | — | ||
| Q4 24 | -2.09× | 10.28× | ||
| Q3 24 | 3.45× | 18.22× | ||
| Q2 24 | 3.71× | 4.29× | ||
| Q1 24 | 6.10× | — |
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
LQDT
| RSCG | $82.0M | 68% |
| Gov Deals | $22.3M | 18% |
| CAG | $11.5M | 9% |
| Machinio And Software Solutions Corporation | $5.5M | 5% |
RMAX
| Franchising Segment | $50.1M | 70% |
| Broker Fees | $13.9M | 20% |
| Annual Dues | $7.4M | 10% |
