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MERCANTILE BANK CORP（MBWM）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MERCANTILE BANK CORP的1.1倍（$71.1M vs $67.6M），MERCANTILE BANK CORP净利率更高（33.6% vs 2.0%，领先31.5%），过去两年MERCANTILE BANK CORP的营收复合增速更高（9.1% vs -4.7%）
泰米尔纳德商业银行（TMB）是一家印度银行，总部位于泰米尔纳德邦杜蒂戈林。该行始建于1921年，最初名为纳达尔银行，1962年11月更名为泰米尔纳德商业银行，以拓展纳达尔社群以外的业务。目前该银行在印度全境拥有600家全功能网点、12个区域办事处及各类配套服务中心与自助设施。
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。
MBWM vs RMAX — 直观对比
营收规模更大
RMAX
是对方的1.1倍
$67.6M
净利率更高
MBWM
高出31.5%
2.0%
两年增速更快
MBWM
近两年复合增速
-4.7%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $67.6M | $71.1M |
| 净利润 | $22.7M | $1.4M |
| 毛利率 | — | — |
| 营业利润率 | — | 13.1% |
| 净利率 | 33.6% | 2.0% |
| 营收同比 | — | -1.8% |
| 净利润同比 | 16.1% | -75.2% |
| 每股收益（稀释后） | $1.32 | — |
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MBWMRMAX
| Q1 26 | $67.6M | — | ||
| Q4 25 | $62.1M | $71.1M | ||
| Q3 25 | $62.4M | $73.2M | ||
| Q2 25 | $60.9M | $72.8M | ||
| Q1 25 | $57.3M | $74.5M | ||
| Q4 24 | $58.5M | $72.5M | ||
| Q3 24 | $58.0M | $78.5M | ||
| Q2 24 | $56.8M | $78.5M |
净利润MBWMRMAX
| Q1 26 | $22.7M | — | ||
| Q4 25 | $22.8M | $1.4M | ||
| Q3 25 | $23.8M | $4.0M | ||
| Q2 25 | $22.6M | $4.7M | ||
| Q1 25 | $19.5M | $-2.0M | ||
| Q4 24 | $19.6M | $5.8M | ||
| Q3 24 | $19.6M | $966.0K | ||
| Q2 24 | $18.8M | $3.7M |
营业利润率MBWMRMAX
| Q1 26 | — | — | ||
| Q4 25 | 42.0% | 13.1% | ||
| Q3 25 | 44.0% | 25.0% | ||
| Q2 25 | 42.6% | 19.3% | ||
| Q1 25 | 42.0% | 7.2% | ||
| Q4 24 | 39.7% | 5.9% | ||
| Q3 24 | 42.4% | 19.4% | ||
| Q2 24 | 41.4% | 20.6% |
净利率MBWMRMAX
| Q1 26 | 33.6% | — | ||
| Q4 25 | 36.8% | 2.0% | ||
| Q3 25 | 38.1% | 5.4% | ||
| Q2 25 | 37.1% | 6.4% | ||
| Q1 25 | 34.1% | -2.6% | ||
| Q4 24 | 33.5% | 8.0% | ||
| Q3 24 | 33.8% | 1.2% | ||
| Q2 24 | 33.1% | 4.7% |
每股收益（稀释后）MBWMRMAX
| Q1 26 | $1.32 | — | ||
| Q4 25 | $1.41 | — | ||
| Q3 25 | $1.46 | — | ||
| Q2 25 | $1.39 | — | ||
| Q1 25 | $1.21 | — | ||
| Q4 24 | $1.20 | — | ||
| Q3 24 | $1.22 | — | ||
| Q2 24 | $1.17 | — |
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 | — | $118.7M |
| 总债务越低越好 | $1.5M | $432.2M |
| 股东权益账面价值 | $736.9M | $452.4M |
| 总资产 | $6.9B | $582.5M |
| 负债/权益比越低杠杆越低 | 0.00× | 0.96× |
8季度趋势，按日历期对齐
现金及短期投资MBWMRMAX
| Q1 26 | — | — | ||
| Q4 25 | — | $118.7M | ||
| Q3 25 | — | $107.5M | ||
| Q2 25 | — | $94.3M | ||
| Q1 25 | — | $89.1M | ||
| Q4 24 | — | $96.6M | ||
| Q3 24 | — | $83.8M | ||
| Q2 24 | — | $66.1M |
总债务MBWMRMAX
| Q1 26 | $1.5M | — | ||
| 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 |
股东权益MBWMRMAX
| Q1 26 | $736.9M | — | ||
| Q4 25 | $724.9M | $452.4M | ||
| Q3 25 | $657.6M | $448.1M | ||
| Q2 25 | $631.5M | $442.4M | ||
| Q1 25 | $608.3M | $433.5M | ||
| Q4 24 | $584.5M | $429.5M | ||
| Q3 24 | $583.3M | $423.1M | ||
| Q2 24 | $551.2M | $418.4M |
总资产MBWMRMAX
| Q1 26 | $6.9B | — | ||
| Q4 25 | $6.8B | $582.5M | ||
| Q3 25 | $6.3B | $582.2M | ||
| Q2 25 | $6.2B | $574.8M | ||
| Q1 25 | $6.1B | $571.4M | ||
| Q4 24 | $6.1B | $581.6M | ||
| Q3 24 | $5.9B | $578.6M | ||
| Q2 24 | $5.6B | $571.4M |
负债/权益比MBWMRMAX
| Q1 26 | 0.00× | — | ||
| 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× |
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MBWMRMAX
| Q1 26 | — | — | ||
| Q4 25 | $18.0M | $40.9M | ||
| Q3 25 | $23.1M | $17.7M | ||
| Q2 25 | $-7.8M | $4.6M | ||
| Q1 25 | $-3.0M | $5.7M | ||
| Q4 24 | $101.1M | $59.7M | ||
| Q3 24 | $-8.1M | $17.6M | ||
| Q2 24 | $9.1M | $15.9M |
自由现金流MBWMRMAX
| Q1 26 | — | — | ||
| 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 |
自由现金流率MBWMRMAX
| Q1 26 | — | — | ||
| 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% |
资本支出强度MBWMRMAX
| Q1 26 | — | — | ||
| 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% |
现金转化率MBWMRMAX
| Q1 26 | — | — | ||
| Q4 25 | 0.79× | 28.39× | ||
| Q3 25 | 0.97× | 4.45× | ||
| Q2 25 | -0.35× | 0.97× | ||
| Q1 25 | -0.15× | — | ||
| Q4 24 | 5.15× | 10.28× | ||
| Q3 24 | -0.41× | 18.22× | ||
| Q2 24 | 0.49× | 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
MBWM
| Net Interest Income | $55.9M | 83% |
| Noninterest Income | $11.7M | 17% |
RMAX
| Franchising Segment | $50.1M | 70% |
| Broker Fees | $13.9M | 20% |
| Annual Dues | $7.4M | 10% |
