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LXP Industrial Trust（LXP）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
LXP Industrial Trust的季度营收约是RE/MAX Holdings, Inc.的1.2倍（$86.7M vs $71.1M），LXP Industrial Trust净利率更高（33.2% vs 2.0%，领先31.1%），RE/MAX Holdings, Inc.同比增速更快（-1.8% vs -14.0%），过去两年LXP Industrial Trust的营收复合增速更高（0.3% vs -4.7%）
LXP工业信托是一家公开上市的房地产投资信托，专注于持有、运营和投资美国核心市场的优质工业地产，主要涵盖配送中心、物流设施及轻型工业物业，服务电商、第三方物流、先进制造等领域租户，为投资者创造长期稳定收益。
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。
LXP vs RMAX — 直观对比
营收规模更大
LXP
是对方的1.2倍
$71.1M
营收增速更快
RMAX
高出12.2%
-14.0%
净利率更高
LXP
高出31.1%
2.0%
两年增速更快
LXP
近两年复合增速
-4.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $86.7M | $71.1M |
| 净利润 | $28.8M | $1.4M |
| 毛利率 | 81.5% | — |
| 营业利润率 | 34.6% | 13.1% |
| 净利率 | 33.2% | 2.0% |
| 营收同比 | -14.0% | -1.8% |
| 净利润同比 | — | -75.2% |
| 每股收益（稀释后） | — | — |
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LXPRMAX
| Q4 25 | $86.7M | $71.1M | ||
| Q3 25 | $86.9M | $73.2M | ||
| Q2 25 | $87.7M | $72.8M | ||
| Q1 25 | $88.9M | $74.5M | ||
| Q4 24 | $100.9M | $72.5M | ||
| Q3 24 | $85.6M | $78.5M | ||
| Q2 24 | $85.8M | $78.5M | ||
| Q1 24 | $86.3M | $78.3M |
净利润LXPRMAX
| Q4 25 | $28.8M | $1.4M | ||
| Q3 25 | $36.3M | $4.0M | ||
| Q2 25 | $29.1M | $4.7M | ||
| Q1 25 | $19.0M | $-2.0M | ||
| Q4 24 | — | $5.8M | ||
| Q3 24 | $6.3M | $966.0K | ||
| Q2 24 | $5.4M | $3.7M | ||
| Q1 24 | $-269.0K | $-3.4M |
毛利率LXPRMAX
| Q4 25 | 81.5% | — | ||
| Q3 25 | 82.3% | — | ||
| Q2 25 | 81.9% | — | ||
| Q1 25 | 80.7% | — | ||
| Q4 24 | 85.3% | — | ||
| Q3 24 | 82.5% | — | ||
| Q2 24 | 82.0% | — | ||
| Q1 24 | 82.4% | — |
营业利润率LXPRMAX
| Q4 25 | 34.6% | 13.1% | ||
| Q3 25 | 50.4% | 25.0% | ||
| Q2 25 | 33.7% | 19.3% | ||
| Q1 25 | 21.8% | 7.2% | ||
| Q4 24 | — | 5.9% | ||
| Q3 24 | 7.9% | 19.4% | ||
| Q2 24 | 6.9% | 20.6% | ||
| Q1 24 | 1.0% | 5.8% |
净利率LXPRMAX
| Q4 25 | 33.2% | 2.0% | ||
| Q3 25 | 41.7% | 5.4% | ||
| Q2 25 | 33.2% | 6.4% | ||
| Q1 25 | 21.4% | -2.6% | ||
| Q4 24 | — | 8.0% | ||
| Q3 24 | 7.4% | 1.2% | ||
| Q2 24 | 6.3% | 4.7% | ||
| Q1 24 | -0.3% | -4.3% |
每股收益（稀释后）LXPRMAX
| Q4 25 | — | — | ||
| Q3 25 | $0.12 | — | ||
| Q2 25 | $0.09 | — | ||
| Q1 25 | $0.06 | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $0.02 | — | ||
| Q2 24 | $0.01 | — | ||
| Q1 24 | $-0.01 | — |
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 | $170.4M | $118.7M |
| 总债务越低越好 | $1.4B | $432.2M |
| 股东权益账面价值 | $2.0B | $452.4M |
| 总资产 | $3.5B | $582.5M |
| 负债/权益比越低杠杆越低 | 0.66× | 0.96× |
8季度趋势，按日历期对齐
现金及短期投资LXPRMAX
| Q4 25 | $170.4M | $118.7M | ||
| Q3 25 | $229.7M | $107.5M | ||
| Q2 25 | $71.0M | $94.3M | ||
| Q1 25 | $70.9M | $89.1M | ||
| Q4 24 | $101.8M | $96.6M | ||
| Q3 24 | $55.0M | $83.8M | ||
| Q2 24 | $48.7M | $66.1M | ||
| Q1 24 | $293.8M | $82.1M |
总债务LXPRMAX
| Q4 25 | $1.4B | $432.2M | ||
| Q3 25 | $1.5B | $433.3M | ||
| Q2 25 | $1.5B | $434.4M | ||
| Q1 25 | $1.5B | $435.3M | ||
| Q4 24 | $1.6B | $436.2M | ||
| Q3 24 | — | $437.2M | ||
| Q2 24 | — | $438.1M | ||
| Q1 24 | — | $439.0M |
股东权益LXPRMAX
| Q4 25 | $2.0B | $452.4M | ||
| Q3 25 | $2.1B | $448.1M | ||
| Q2 25 | $2.1B | $442.4M | ||
| Q1 25 | $2.1B | $433.5M | ||
| Q4 24 | $2.1B | $429.5M | ||
| Q3 24 | $2.1B | $423.1M | ||
| Q2 24 | $2.1B | $418.4M | ||
| Q1 24 | $2.2B | $412.0M |
总资产LXPRMAX
| Q4 25 | $3.5B | $582.5M | ||
| Q3 25 | $3.7B | $582.2M | ||
| Q2 25 | $3.7B | $574.8M | ||
| Q1 25 | $3.8B | $571.4M | ||
| Q4 24 | $3.8B | $581.6M | ||
| Q3 24 | $3.9B | $578.6M | ||
| Q2 24 | $3.9B | $571.4M | ||
| Q1 24 | $4.2B | $566.7M |
负债/权益比LXPRMAX
| Q4 25 | 0.66× | 0.96× | ||
| Q3 25 | 0.72× | 0.97× | ||
| Q2 25 | 0.72× | 0.98× | ||
| Q1 25 | 0.73× | 1.00× | ||
| Q4 24 | 0.75× | 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 | $188.7M | $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 | 6.56× | 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LXPRMAX
| Q4 25 | $188.7M | $40.9M | ||
| Q3 25 | $63.5M | $17.7M | ||
| Q2 25 | $44.3M | $4.6M | ||
| Q1 25 | $39.0M | $5.7M | ||
| Q4 24 | $211.2M | $59.7M | ||
| Q3 24 | $64.6M | $17.6M | ||
| Q2 24 | $38.5M | $15.9M | ||
| Q1 24 | $38.9M | $9.4M |
自由现金流LXPRMAX
| Q4 25 | — | $33.5M | ||
| Q3 25 | — | $16.4M | ||
| Q2 25 | — | $2.9M | ||
| Q1 25 | — | $4.0M | ||
| Q4 24 | — | $53.0M | ||
| Q3 24 | — | $16.3M | ||
| Q2 24 | — | $14.0M | ||
| Q1 24 | — | $6.8M |
自由现金流率LXPRMAX
| Q4 25 | — | 47.1% | ||
| Q3 25 | — | 22.4% | ||
| Q2 25 | — | 4.0% | ||
| Q1 25 | — | 5.3% | ||
| Q4 24 | — | 73.2% | ||
| Q3 24 | — | 20.8% | ||
| Q2 24 | — | 17.8% | ||
| Q1 24 | — | 8.6% |
资本支出强度LXPRMAX
| Q4 25 | — | 10.4% | ||
| Q3 25 | — | 1.8% | ||
| Q2 25 | — | 2.2% | ||
| Q1 25 | — | 2.3% | ||
| Q4 24 | — | 9.1% | ||
| Q3 24 | — | 1.7% | ||
| Q2 24 | — | 2.4% | ||
| Q1 24 | — | 3.3% |
现金转化率LXPRMAX
| Q4 25 | 6.56× | 28.39× | ||
| Q3 25 | 1.75× | 4.45× | ||
| Q2 25 | 1.52× | 0.97× | ||
| Q1 25 | 2.05× | — | ||
| Q4 24 | — | 10.28× | ||
| Q3 24 | 10.18× | 18.22× | ||
| Q2 24 | 7.09× | 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
LXP
暂无分部数据
RMAX
| Franchising Segment | $50.1M | 70% |
| Broker Fees | $13.9M | 20% |
| Annual Dues | $7.4M | 10% |
