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La Rosa Holdings Corp.（LRHC）与Marcus & Millichap, Inc.（MMI）财务数据对比。点击上方公司名可切换其他公司
Marcus & Millichap, Inc.的季度营收约是La Rosa Holdings Corp.的12.1倍（$243.9M vs $20.2M）。Marcus & Millichap, Inc.净利率更高（5.5% vs -27.4%，领先32.8%）。La Rosa Holdings Corp.同比增速更快（3.2% vs 1.6%）。过去两年La Rosa Holdings Corp.的营收复合增速更高（72.5% vs 37.5%）
拉罗萨控股旗下的万拉罗萨父子通心粉公司由西西里移民文森佐·拉罗萨于1914年创立，发展至今已成为美国规模领先的区域知名食品品牌，可生产四十余种意面产品，在当地市场拥有较高的认可度。
马库斯-米利查普是一家美国商业地产服务企业，在美国和加拿大开展业务，核心服务涵盖商业地产经纪、抵押贷款经纪、市场研究及顾问咨询，业内首创了单经纪机构独家代理房源挂牌模式，目前在美加两国设有超过80家办事处，员工规模超1800人。
LRHC vs MMI — 直观对比
营收规模更大
MMI
是对方的12.1倍
$20.2M
营收增速更快
LRHC
高出1.6%
1.6%
净利率更高
MMI
高出32.8%
-27.4%
两年增速更快
LRHC
近两年复合增速
37.5%
损益表 — Q3 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $20.2M | $243.9M |
| 净利润 | $-5.5M | $13.3M |
| 毛利率 | 8.4% | — |
| 营业利润率 | -24.7% | 6.3% |
| 净利率 | -27.4% | 5.5% |
| 营收同比 | 3.2% | 1.6% |
| 净利润同比 | -125.7% | 55.7% |
| 每股收益（稀释后） | $-5.44 | $0.33 |
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LRHCMMI
| Q4 25 | — | $243.9M | ||
| Q3 25 | $20.2M | $193.9M | ||
| Q2 25 | $23.2M | $172.3M | ||
| Q1 25 | $17.5M | $145.0M | ||
| Q4 24 | $17.7M | $240.1M | ||
| Q3 24 | $19.6M | $168.5M | ||
| Q2 24 | $19.1M | $158.4M | ||
| Q1 24 | $13.1M | $129.1M |
净利润LRHCMMI
| Q4 25 | — | $13.3M | ||
| Q3 25 | $-5.5M | $240.0K | ||
| Q2 25 | $78.4M | $-11.0M | ||
| Q1 25 | $-95.7M | $-4.4M | ||
| Q4 24 | $-5.1M | $8.5M | ||
| Q3 24 | $-2.5M | $-5.4M | ||
| Q2 24 | $-2.3M | $-5.5M | ||
| Q1 24 | $-4.6M | $-10.0M |
毛利率LRHCMMI
| Q4 25 | — | — | ||
| Q3 25 | 8.4% | — | ||
| Q2 25 | 8.0% | — | ||
| Q1 25 | 8.8% | — | ||
| Q4 24 | 8.9% | — | ||
| Q3 24 | 8.3% | — | ||
| Q2 24 | 8.3% | — | ||
| Q1 24 | 8.9% | — |
营业利润率LRHCMMI
| Q4 25 | — | 6.3% | ||
| Q3 25 | -24.7% | -1.2% | ||
| Q2 25 | -10.6% | -5.3% | ||
| Q1 25 | -26.7% | -12.2% | ||
| Q4 24 | -17.1% | 2.8% | ||
| Q3 24 | -8.9% | -6.8% | ||
| Q2 24 | -9.7% | -5.1% | ||
| Q1 24 | -35.0% | -15.6% |
净利率LRHCMMI
| Q4 25 | — | 5.5% | ||
| Q3 25 | -27.4% | 0.1% | ||
| Q2 25 | 337.8% | -6.4% | ||
| Q1 25 | -546.5% | -3.0% | ||
| Q4 24 | -28.7% | 3.6% | ||
| Q3 24 | -12.5% | -3.2% | ||
| Q2 24 | -12.2% | -3.5% | ||
| Q1 24 | -35.1% | -7.7% |
每股收益（稀释后）LRHCMMI
| Q4 25 | — | $0.33 | ||
| Q3 25 | $-5.44 | $0.01 | ||
| Q2 25 | $15.25 | $-0.28 | ||
| Q1 25 | $-5.86 | $-0.11 | ||
| Q4 24 | $28.54 | $0.22 | ||
| Q3 24 | $-16.49 | $-0.14 | ||
| Q2 24 | $-12.49 | $-0.14 | ||
| Q1 24 | $-0.35 | $-0.26 |
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 | $4.0M | — |
| 总债务越低越好 | $642.8K | — |
| 股东权益账面价值 | $1.6M | $603.1M |
| 总资产 | $21.7M | $827.2M |
| 负债/权益比越低杠杆越低 | 0.41× | — |
8季度趋势，按日历期对齐
现金及短期投资LRHCMMI
| Q4 25 | — | — | ||
| Q3 25 | $4.0M | — | ||
| Q2 25 | $5.1M | — | ||
| Q1 25 | $2.9M | — | ||
| Q4 24 | $1.4M | — | ||
| Q3 24 | $1.8M | — | ||
| Q2 24 | $1.6M | — | ||
| Q1 24 | $1.1M | — |
总债务LRHCMMI
| Q4 25 | — | — | ||
| Q3 25 | $642.8K | — | ||
| Q2 25 | $644.3K | — | ||
| Q1 25 | $645.9K | — | ||
| Q4 24 | $647.6K | — | ||
| Q3 24 | $649.2K | — | ||
| Q2 24 | $650.8K | — | ||
| Q1 24 | $652.4K | — |
股东权益LRHCMMI
| Q4 25 | — | $603.1M | ||
| Q3 25 | $1.6M | $602.2M | ||
| Q2 25 | $3.4M | $607.8M | ||
| Q1 25 | $-87.5M | $617.6M | ||
| Q4 24 | $2.6M | $630.8M | ||
| Q3 24 | $5.0M | $617.7M | ||
| Q2 24 | $4.7M | $626.7M | ||
| Q1 24 | $5.6M | $625.6M |
总资产LRHCMMI
| Q4 25 | — | $827.2M | ||
| Q3 25 | $21.7M | $812.5M | ||
| Q2 25 | $22.9M | $792.2M | ||
| Q1 25 | $21.0M | $802.0M | ||
| Q4 24 | $19.4M | $869.8M | ||
| Q3 24 | $19.7M | $833.7M | ||
| Q2 24 | $18.7M | $825.4M | ||
| Q1 24 | $16.3M | $826.7M |
负债/权益比LRHCMMI
| Q4 25 | — | — | ||
| Q3 25 | 0.41× | — | ||
| Q2 25 | 0.19× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.25× | — | ||
| Q3 24 | 0.13× | — | ||
| Q2 24 | 0.14× | — | ||
| Q1 24 | 0.12× | — |
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 | $-1.3M | $46.3M |
| 自由现金流经营现金流 - 资本支出 | — | $43.9M |
| 自由现金流率自由现金流/营收 | — | 18.0% |
| 资本支出强度资本支出/营收 | — | 1.0% |
| 现金转化率经营现金流/净利润 | — | 3.48× |
| 过去12个月自由现金流最近4个季度 | — | $58.8M |
8季度趋势，按日历期对齐
经营现金流LRHCMMI
| Q4 25 | — | $46.3M | ||
| Q3 25 | $-1.3M | $52.2M | ||
| Q2 25 | $-1.4M | $21.0M | ||
| Q1 25 | $-3.5M | $-52.8M | ||
| Q4 24 | $-1.1M | $56.7M | ||
| Q3 24 | $-591.6K | $15.2M | ||
| Q2 24 | $-803.1K | $851.0K | ||
| Q1 24 | $-538.3K | $-51.0M |
自由现金流LRHCMMI
| Q4 25 | — | $43.9M | ||
| Q3 25 | — | $50.0M | ||
| Q2 25 | — | $19.3M | ||
| Q1 25 | — | $-54.3M | ||
| Q4 24 | — | $55.1M | ||
| Q3 24 | — | $13.2M | ||
| Q2 24 | — | $-806.0K | ||
| Q1 24 | — | $-53.7M |
自由现金流率LRHCMMI
| Q4 25 | — | 18.0% | ||
| Q3 25 | — | 25.8% | ||
| Q2 25 | — | 11.2% | ||
| Q1 25 | — | -37.5% | ||
| Q4 24 | — | 23.0% | ||
| Q3 24 | — | 7.8% | ||
| Q2 24 | — | -0.5% | ||
| Q1 24 | — | -41.6% |
资本支出强度LRHCMMI
| Q4 25 | — | 1.0% | ||
| Q3 25 | — | 1.2% | ||
| Q2 25 | — | 1.0% | ||
| Q1 25 | — | 1.0% | ||
| Q4 24 | — | 0.6% | ||
| Q3 24 | — | 1.2% | ||
| Q2 24 | — | 1.0% | ||
| Q1 24 | — | 2.0% |
现金转化率LRHCMMI
| Q4 25 | — | 3.48× | ||
| Q3 25 | — | 217.54× | ||
| Q2 25 | -0.02× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 6.63× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| 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
LRHC
| Real Estate Residential Brokerage Services | $16.8M | 83% |
| Transferred Over Time | $3.5M | 17% |
MMI
| Real Estate Brokerage Commissions | $205.3M | 84% |
| Financing Fees | $33.2M | 14% |
| Other Revenues | $5.4M | 2% |
