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WM TECHNOLOGY, INC.（MAPS）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
RE/MAX Holdings, Inc.的季度营收约是WM TECHNOLOGY, INC.的1.7倍（$71.1M vs $43.1M），RE/MAX Holdings, Inc.净利率更高（2.0% vs -8.3%，领先10.3%），RE/MAX Holdings, Inc.同比增速更快（-1.8% vs -9.7%），RE/MAX Holdings, Inc.自由现金流更多（$33.5M vs $-280.0K），过去两年WM TECHNOLOGY, INC.的营收复合增速更高（-1.5% vs -4.7%）
WM娱乐是韩国一家娱乐经纪公司，由前歌手李元敏创立于2008年，核心业务为艺人经纪管理，知名女团Oh My Girl便由该公司运营管理，2021年4月7日，WM娱乐被RBW公司收购。
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。
MAPS vs RMAX — 直观对比
营收规模更大
RMAX
是对方的1.7倍
$43.1M
营收增速更快
RMAX
高出7.8%
-9.7%
净利率更高
RMAX
高出10.3%
-8.3%
自由现金流更多
RMAX
多$33.8M
$-280.0K
两年增速更快
MAPS
近两年复合增速
-4.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $43.1M | $71.1M |
| 净利润 | $-3.6M | $1.4M |
| 毛利率 | 94.9% | — |
| 营业利润率 | -13.5% | 13.1% |
| 净利率 | -8.3% | 2.0% |
| 营收同比 | -9.7% | -1.8% |
| 净利润同比 | -251.9% | -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MAPSRMAX
| Q4 25 | $43.1M | $71.1M | ||
| Q3 25 | $42.2M | $73.2M | ||
| Q2 25 | $44.8M | $72.8M | ||
| Q1 25 | $44.6M | $74.5M | ||
| Q4 24 | $47.7M | $72.5M | ||
| Q3 24 | $46.6M | $78.5M | ||
| Q2 24 | $45.9M | $78.5M | ||
| Q1 24 | $44.4M | $78.3M |
净利润MAPSRMAX
| Q4 25 | $-3.6M | $1.4M | ||
| Q3 25 | $2.5M | $4.0M | ||
| Q2 25 | $1.4M | $4.7M | ||
| Q1 25 | $1.6M | $-2.0M | ||
| Q4 24 | $2.4M | $5.8M | ||
| Q3 24 | $3.3M | $966.0K | ||
| Q2 24 | $716.0K | $3.7M | ||
| Q1 24 | $1.2M | $-3.4M |
毛利率MAPSRMAX
| Q4 25 | 94.9% | — | ||
| Q3 25 | 95.0% | — | ||
| Q2 25 | 94.9% | — | ||
| Q1 25 | 95.0% | — | ||
| Q4 24 | 95.2% | — | ||
| Q3 24 | 95.3% | — | ||
| Q2 24 | 95.1% | — | ||
| Q1 24 | 94.8% | — |
营业利润率MAPSRMAX
| Q4 25 | -13.5% | 13.1% | ||
| Q3 25 | 4.6% | 25.0% | ||
| Q2 25 | 4.4% | 19.3% | ||
| Q1 25 | 5.9% | 7.2% | ||
| Q4 24 | 9.6% | 5.9% | ||
| Q3 24 | 11.2% | 19.4% | ||
| Q2 24 | 2.7% | 20.6% | ||
| Q1 24 | 8.5% | 5.8% |
净利率MAPSRMAX
| Q4 25 | -8.3% | 2.0% | ||
| Q3 25 | 5.8% | 5.4% | ||
| Q2 25 | 3.2% | 6.4% | ||
| Q1 25 | 3.7% | -2.6% | ||
| Q4 24 | 4.9% | 8.0% | ||
| Q3 24 | 7.2% | 1.2% | ||
| Q2 24 | 1.6% | 4.7% | ||
| Q1 24 | 2.8% | -4.3% |
每股收益（稀释后）MAPSRMAX
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $0.02 | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| 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 | $62.4M | $118.7M |
| 总债务越低越好 | — | $432.2M |
| 股东权益账面价值 | $57.2M | $452.4M |
| 总资产 | $190.7M | $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MAPSRMAX
| Q4 25 | $62.4M | $118.7M | ||
| Q3 25 | — | $107.5M | ||
| Q2 25 | — | $94.3M | ||
| Q1 25 | — | $89.1M | ||
| Q4 24 | $52.0M | $96.6M | ||
| Q3 24 | — | $83.8M | ||
| Q2 24 | — | $66.1M | ||
| Q1 24 | — | $82.1M |
总债务MAPSRMAX
| 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MAPSRMAX
| Q4 25 | $57.2M | $452.4M | ||
| Q3 25 | $56.9M | $448.1M | ||
| Q2 25 | $52.7M | $442.4M | ||
| Q1 25 | $48.5M | $433.5M | ||
| Q4 24 | $36.1M | $429.5M | ||
| Q3 24 | $29.5M | $423.1M | ||
| Q2 24 | $24.5M | $418.4M | ||
| Q1 24 | $20.8M | $412.0M |
总资产MAPSRMAX
| Q4 25 | $190.7M | $582.5M | ||
| Q3 25 | $192.9M | $582.2M | ||
| Q2 25 | $188.1M | $574.8M | ||
| Q1 25 | $183.8M | $571.4M | ||
| Q4 24 | $181.9M | $581.6M | ||
| Q3 24 | $173.6M | $578.6M | ||
| Q2 24 | $168.0M | $571.4M | ||
| Q1 24 | $165.8M | $566.7M |
负债/权益比MAPSRMAX
| 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 | $3.0M | $40.9M |
| 自由现金流经营现金流 - 资本支出 | $-280.0K | $33.5M |
| 自由现金流率自由现金流/营收 | -0.7% | 47.1% |
| 资本支出强度资本支出/营收 | 7.7% | 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 | $13.5M | $56.8M |
8季度趋势，按日历期对齐
经营现金流MAPSRMAX
| Q4 25 | $3.0M | $40.9M | ||
| Q3 25 | $6.4M | $17.7M | ||
| Q2 25 | $11.1M | $4.6M | ||
| Q1 25 | $5.7M | $5.7M | ||
| Q4 24 | $9.4M | $59.7M | ||
| Q3 24 | $7.2M | $17.6M | ||
| Q2 24 | $12.7M | $15.9M | ||
| Q1 24 | $7.4M | $9.4M |
自由现金流MAPSRMAX
| Q4 25 | $-280.0K | $33.5M | ||
| Q3 25 | $3.6M | $16.4M | ||
| Q2 25 | $8.2M | $2.9M | ||
| Q1 25 | $2.0M | $4.0M | ||
| Q4 24 | $7.3M | $53.0M | ||
| Q3 24 | $4.9M | $16.3M | ||
| Q2 24 | $10.1M | $14.0M | ||
| Q1 24 | $2.9M | $6.8M |
自由现金流率MAPSRMAX
| Q4 25 | -0.7% | 47.1% | ||
| Q3 25 | 8.4% | 22.4% | ||
| Q2 25 | 18.3% | 4.0% | ||
| Q1 25 | 4.5% | 5.3% | ||
| Q4 24 | 15.2% | 73.2% | ||
| Q3 24 | 10.4% | 20.8% | ||
| Q2 24 | 21.9% | 17.8% | ||
| Q1 24 | 6.4% | 8.6% |
资本支出强度MAPSRMAX
| Q4 25 | 7.7% | 10.4% | ||
| Q3 25 | 6.8% | 1.8% | ||
| Q2 25 | 6.3% | 2.2% | ||
| Q1 25 | 8.2% | 2.3% | ||
| Q4 24 | 4.5% | 9.1% | ||
| Q3 24 | 5.1% | 1.7% | ||
| Q2 24 | 5.7% | 2.4% | ||
| Q1 24 | 10.2% | 3.3% |
现金转化率MAPSRMAX
| Q4 25 | — | 28.39× | ||
| Q3 25 | 2.61× | 4.45× | ||
| Q2 25 | 7.75× | 0.97× | ||
| Q1 25 | 3.44× | — | ||
| Q4 24 | 4.00× | 10.28× | ||
| Q3 24 | 2.17× | 18.22× | ||
| Q2 24 | 17.67× | 4.29× | ||
| Q1 24 | 5.97× | — |
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
MAPS
| Services | $39.5M | 92% |
| Other | $3.6M | 8% |
RMAX
| Franchising Segment | $50.1M | 70% |
| Broker Fees | $13.9M | 20% |
| Annual Dues | $7.4M | 10% |
