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MasterCraft Boat Holdings, Inc.（MCFT）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
MasterCraft Boat Holdings, Inc.的季度营收约是RE/MAX Holdings, Inc.的1.0倍（$71.8M vs $71.1M），MasterCraft Boat Holdings, Inc.净利率更高（3.5% vs 2.0%，领先1.5%），MasterCraft Boat Holdings, Inc.同比增速更快（13.2% vs -1.8%），RE/MAX Holdings, Inc.自由现金流更多（$33.5M vs $14.0M），过去两年RE/MAX Holdings, Inc.的营收复合增速更高（-4.7% vs -7.6%）
MasterCraft Boat Holdings是美国豪华高性能游艇制造商，1968年创立于田纳西州玛丽维尔，目前总部设于田纳西州沃诺尔。其生产的游艇主打滑水、尾波板、尾波冲浪等水上运动场景，在高端运动艇领域拥有较高知名度。
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。
MCFT vs RMAX — 直观对比
营收规模更大
MCFT
是对方的1.0倍
$71.1M
营收增速更快
MCFT
高出15.1%
-1.8%
净利率更高
MCFT
高出1.5%
2.0%
自由现金流更多
RMAX
多$19.5M
$14.0M
两年增速更快
RMAX
近两年复合增速
-7.6%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $71.8M | $71.1M |
| 净利润 | $2.5M | $1.4M |
| 毛利率 | 21.6% | — |
| 营业利润率 | 3.8% | 13.1% |
| 净利率 | 3.5% | 2.0% |
| 营收同比 | 13.2% | -1.8% |
| 净利润同比 | -8.0% | -75.2% |
| 每股收益（稀释后） | $0.16 | — |
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MCFTRMAX
| Q4 25 | $71.8M | $71.1M | ||
| Q3 25 | $69.0M | $73.2M | ||
| Q2 25 | $79.5M | $72.8M | ||
| Q1 25 | $76.0M | $74.5M | ||
| Q4 24 | $63.4M | $72.5M | ||
| Q3 24 | $65.4M | $78.5M | ||
| Q2 24 | $94.3M | $78.5M | ||
| Q1 24 | $84.0M | $78.3M |
净利润MCFTRMAX
| Q4 25 | $2.5M | $1.4M | ||
| Q3 25 | $3.6M | $4.0M | ||
| Q2 25 | $5.7M | $4.7M | ||
| Q1 25 | $3.7M | $-2.0M | ||
| Q4 24 | $2.7M | $5.8M | ||
| Q3 24 | $-5.1M | $966.0K | ||
| Q2 24 | $6.2M | $3.7M | ||
| Q1 24 | $3.8M | $-3.4M |
毛利率MCFTRMAX
| Q4 25 | 21.6% | — | ||
| Q3 25 | 22.3% | — | ||
| Q2 25 | 23.2% | — | ||
| Q1 25 | 20.8% | — | ||
| Q4 24 | 17.2% | — | ||
| Q3 24 | 18.1% | — | ||
| Q2 24 | 23.8% | — | ||
| Q1 24 | 23.3% | — |
营业利润率MCFTRMAX
| Q4 25 | 3.8% | 13.1% | ||
| Q3 25 | 5.5% | 25.0% | ||
| Q2 25 | 7.5% | 19.3% | ||
| Q1 25 | 5.4% | 7.2% | ||
| Q4 24 | 0.3% | 5.9% | ||
| Q3 24 | 1.5% | 19.4% | ||
| Q2 24 | 11.2% | 20.6% | ||
| Q1 24 | 8.0% | 5.8% |
净利率MCFTRMAX
| Q4 25 | 3.5% | 2.0% | ||
| Q3 25 | 5.3% | 5.4% | ||
| Q2 25 | 7.2% | 6.4% | ||
| Q1 25 | 4.9% | -2.6% | ||
| Q4 24 | 4.3% | 8.0% | ||
| Q3 24 | -7.9% | 1.2% | ||
| Q2 24 | 6.6% | 4.7% | ||
| Q1 24 | 4.5% | -4.3% |
每股收益（稀释后）MCFTRMAX
| Q4 25 | $0.16 | — | ||
| Q3 25 | $0.22 | — | ||
| Q2 25 | $0.34 | — | ||
| Q1 25 | $0.23 | — | ||
| Q4 24 | $0.17 | — | ||
| Q3 24 | $-0.31 | — | ||
| Q2 24 | $0.38 | — | ||
| Q1 24 | $0.22 | — |
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 | $81.4M | $118.7M |
| 总债务越低越好 | — | $432.2M |
| 股东权益账面价值 | $189.1M | $452.4M |
| 总资产 | $259.7M | $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MCFTRMAX
| Q4 25 | $81.4M | $118.7M | ||
| Q3 25 | $67.3M | $107.5M | ||
| Q2 25 | $79.4M | $94.3M | ||
| Q1 25 | $66.5M | $89.1M | ||
| Q4 24 | $62.9M | $96.6M | ||
| Q3 24 | $14.2M | $83.8M | ||
| Q2 24 | $86.2M | $66.1M | ||
| Q1 24 | $22.5M | $82.1M |
总债务MCFTRMAX
| Q4 25 | — | $432.2M | ||
| Q3 25 | — | $433.3M | ||
| Q2 25 | — | $434.4M | ||
| Q1 25 | — | $435.3M | ||
| Q4 24 | — | $436.2M | ||
| Q3 24 | $49.5M | $437.2M | ||
| Q2 24 | $49.3M | $438.1M | ||
| Q1 24 | $50.4M | $439.0M |
股东权益MCFTRMAX
| Q4 25 | $189.1M | $452.4M | ||
| Q3 25 | $185.5M | $448.1M | ||
| Q2 25 | $183.4M | $442.4M | ||
| Q1 25 | $182.1M | $433.5M | ||
| Q4 24 | $178.3M | $429.5M | ||
| Q3 24 | $175.4M | $423.1M | ||
| Q2 24 | $183.7M | $418.4M | ||
| Q1 24 | $196.9M | $412.0M |
总资产MCFTRMAX
| Q4 25 | $259.7M | $582.5M | ||
| Q3 25 | $259.3M | $582.2M | ||
| Q2 25 | $259.9M | $574.8M | ||
| Q1 25 | $261.9M | $571.4M | ||
| Q4 24 | $250.1M | $581.6M | ||
| Q3 24 | $309.1M | $578.6M | ||
| Q2 24 | $259.9M | $571.4M | ||
| Q1 24 | $340.9M | $566.7M |
负债/权益比MCFTRMAX
| Q4 25 | — | 0.96× | ||
| Q3 25 | — | 0.97× | ||
| Q2 25 | — | 0.98× | ||
| Q1 25 | — | 1.00× | ||
| Q4 24 | — | 1.02× | ||
| Q3 24 | 0.28× | 1.03× | ||
| Q2 24 | 0.27× | 1.05× | ||
| Q1 24 | 0.26× | 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 | $15.6M | $40.9M |
| 自由现金流经营现金流 - 资本支出 | $14.0M | $33.5M |
| 自由现金流率自由现金流/营收 | 19.5% | 47.1% |
| 资本支出强度资本支出/营收 | 2.3% | 10.4% |
| 现金转化率经营现金流/净利润 | 6.17× | 28.39× |
| 过去12个月自由现金流最近4个季度 | $26.2M | $56.8M |
8季度趋势，按日历期对齐
经营现金流MCFTRMAX
| Q4 25 | $15.6M | $40.9M | ||
| Q3 25 | $-6.8M | $17.7M | ||
| Q2 25 | $20.4M | $4.6M | ||
| Q1 25 | $6.3M | $5.7M | ||
| Q4 24 | $6.4M | $59.7M | ||
| Q3 24 | $2.4M | $17.6M | ||
| Q2 24 | — | $15.9M | ||
| Q1 24 | $3.6M | $9.4M |
自由现金流MCFTRMAX
| Q4 25 | $14.0M | $33.5M | ||
| Q3 25 | $-9.9M | $16.4M | ||
| Q2 25 | $17.9M | $2.9M | ||
| Q1 25 | $4.3M | $4.0M | ||
| Q4 24 | $4.0M | $53.0M | ||
| Q3 24 | $199.0K | $16.3M | ||
| Q2 24 | — | $14.0M | ||
| Q1 24 | $453.0K | $6.8M |
自由现金流率MCFTRMAX
| Q4 25 | 19.5% | 47.1% | ||
| Q3 25 | -14.4% | 22.4% | ||
| Q2 25 | 22.5% | 4.0% | ||
| Q1 25 | 5.7% | 5.3% | ||
| Q4 24 | 6.4% | 73.2% | ||
| Q3 24 | 0.3% | 20.8% | ||
| Q2 24 | — | 17.8% | ||
| Q1 24 | 0.5% | 8.6% |
资本支出强度MCFTRMAX
| Q4 25 | 2.3% | 10.4% | ||
| Q3 25 | 4.5% | 1.8% | ||
| Q2 25 | 3.3% | 2.2% | ||
| Q1 25 | 2.6% | 2.3% | ||
| Q4 24 | 3.8% | 9.1% | ||
| Q3 24 | 3.4% | 1.7% | ||
| Q2 24 | — | 2.4% | ||
| Q1 24 | 3.8% | 3.3% |
现金转化率MCFTRMAX
| Q4 25 | 6.17× | 28.39× | ||
| Q3 25 | -1.88× | 4.45× | ||
| Q2 25 | 3.59× | 0.97× | ||
| Q1 25 | 1.69× | — | ||
| Q4 24 | 2.34× | 10.28× | ||
| Q3 24 | — | 18.22× | ||
| Q2 24 | — | 4.29× | ||
| Q1 24 | 0.97× | — |
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
MCFT
| Boats And Trailers | $59.5M | 83% |
| Pontoon | $10.0M | 14% |
| Parts | $1.7M | 2% |
RMAX
| Franchising Segment | $50.1M | 70% |
| Broker Fees | $13.9M | 20% |
| Annual Dues | $7.4M | 10% |
