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Ramaco Resources, Inc.（METC）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
Ramaco Resources, Inc.的季度营收约是RE/MAX Holdings, Inc.的1.7倍（$121.0M vs $71.1M），RE/MAX Holdings, Inc.净利率更高（2.0% vs -11.0%，领先13.0%），RE/MAX Holdings, Inc.同比增速更快（-1.8% vs -27.7%），RE/MAX Holdings, Inc.自由现金流更多（$33.5M vs $-17.5M），过去两年RE/MAX Holdings, Inc.的营收复合增速更高（-4.7% vs -22.7%）
Ramaco Resources, Inc.是一家总部位于美国的矿业企业，主营高等级冶金煤生产，在阿巴拉契亚地区运营多处采矿资产，产品供应全球钢铁制造商及工业客户，核心业务为可持续、低成本的冶金煤开采与分销。
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。
METC vs RMAX — 直观对比
营收规模更大
METC
是对方的1.7倍
$71.1M
营收增速更快
RMAX
高出25.9%
-27.7%
净利率更高
RMAX
高出13.0%
-11.0%
自由现金流更多
RMAX
多$51.0M
$-17.5M
两年增速更快
RMAX
近两年复合增速
-22.7%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $121.0M | $71.1M |
| 净利润 | $-13.3M | $1.4M |
| 毛利率 | 15.8% | — |
| 营业利润率 | -12.0% | 13.1% |
| 净利率 | -11.0% | 2.0% |
| 营收同比 | -27.7% | -1.8% |
| 净利润同比 | -5468.2% | -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METCRMAX
| Q4 25 | — | $71.1M | ||
| Q3 25 | $121.0M | $73.2M | ||
| Q2 25 | $153.0M | $72.8M | ||
| Q1 25 | $134.7M | $74.5M | ||
| Q4 24 | $170.9M | $72.5M | ||
| Q3 24 | $167.4M | $78.5M | ||
| Q2 24 | $155.3M | $78.5M | ||
| Q1 24 | $172.7M | $78.3M |
净利润METCRMAX
| Q4 25 | — | $1.4M | ||
| Q3 25 | $-13.3M | $4.0M | ||
| Q2 25 | $-14.0M | $4.7M | ||
| Q1 25 | $-9.5M | $-2.0M | ||
| Q4 24 | $3.9M | $5.8M | ||
| Q3 24 | $-239.0K | $966.0K | ||
| Q2 24 | $5.5M | $3.7M | ||
| Q1 24 | $2.0M | $-3.4M |
毛利率METCRMAX
| Q4 25 | — | — | ||
| Q3 25 | 15.8% | — | ||
| Q2 25 | 12.3% | — | ||
| Q1 25 | 15.2% | — | ||
| Q4 24 | 20.4% | — | ||
| Q3 24 | 19.5% | — | ||
| Q2 24 | 21.0% | — | ||
| Q1 24 | 19.1% | — |
营业利润率METCRMAX
| Q4 25 | — | 13.1% | ||
| Q3 25 | -12.0% | 25.0% | ||
| Q2 25 | -9.1% | 19.3% | ||
| Q1 25 | -8.9% | 7.2% | ||
| Q4 24 | 3.7% | 5.9% | ||
| Q3 24 | 1.0% | 19.4% | ||
| Q2 24 | 3.5% | 20.6% | ||
| Q1 24 | 1.9% | 5.8% |
净利率METCRMAX
| Q4 25 | — | 2.0% | ||
| Q3 25 | -11.0% | 5.4% | ||
| Q2 25 | -9.1% | 6.4% | ||
| Q1 25 | -7.0% | -2.6% | ||
| Q4 24 | 2.3% | 8.0% | ||
| Q3 24 | -0.1% | 1.2% | ||
| Q2 24 | 3.6% | 4.7% | ||
| Q1 24 | 1.2% | -4.3% |
每股收益（稀释后）METCRMAX
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $0.06 | — | ||
| Q3 24 | $-0.03 | — | ||
| Q2 24 | $0.08 | — | ||
| Q1 24 | $0.00 | — |
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 | $193.8M | $118.7M |
| 总债务越低越好 | $116.3M | $432.2M |
| 股东权益账面价值 | $526.9M | $452.4M |
| 总资产 | $849.7M | $582.5M |
| 负债/权益比越低杠杆越低 | 0.22× | 0.96× |
8季度趋势，按日历期对齐
现金及短期投资METCRMAX
| Q4 25 | — | $118.7M | ||
| Q3 25 | $193.8M | $107.5M | ||
| Q2 25 | $28.1M | $94.3M | ||
| Q1 25 | $43.5M | $89.1M | ||
| Q4 24 | $33.0M | $96.6M | ||
| Q3 24 | $22.9M | $83.8M | ||
| Q2 24 | $27.6M | $66.1M | ||
| Q1 24 | $30.5M | $82.1M |
总债务METCRMAX
| Q4 25 | — | $432.2M | ||
| Q3 25 | $116.3M | $433.3M | ||
| Q2 25 | — | $434.4M | ||
| Q1 25 | — | $435.3M | ||
| Q4 24 | $88.2M | $436.2M | ||
| Q3 24 | — | $437.2M | ||
| Q2 24 | — | $438.1M | ||
| Q1 24 | — | $439.0M |
股东权益METCRMAX
| Q4 25 | — | $452.4M | ||
| Q3 25 | $526.9M | $448.1M | ||
| Q2 25 | $347.4M | $442.4M | ||
| Q1 25 | $355.2M | $433.5M | ||
| Q4 24 | $362.8M | $429.5M | ||
| Q3 24 | $361.8M | $423.1M | ||
| Q2 24 | $366.1M | $418.4M | ||
| Q1 24 | $372.3M | $412.0M |
总资产METCRMAX
| Q4 25 | — | $582.5M | ||
| Q3 25 | $849.7M | $582.2M | ||
| Q2 25 | $674.6M | $574.8M | ||
| Q1 25 | $685.7M | $571.4M | ||
| Q4 24 | $674.7M | $581.6M | ||
| Q3 24 | $645.4M | $578.6M | ||
| Q2 24 | $659.2M | $571.4M | ||
| Q1 24 | $674.0M | $566.7M |
负债/权益比METCRMAX
| Q4 25 | — | 0.96× | ||
| Q3 25 | 0.22× | 0.97× | ||
| Q2 25 | — | 0.98× | ||
| Q1 25 | — | 1.00× | ||
| Q4 24 | 0.24× | 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 | $-1.4M | $40.9M |
| 自由现金流经营现金流 - 资本支出 | $-17.5M | $33.5M |
| 自由现金流率自由现金流/营收 | -14.5% | 47.1% |
| 资本支出强度资本支出/营收 | 13.3% | 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 | $-24.7M | $56.8M |
8季度趋势，按日历期对齐
经营现金流METCRMAX
| Q4 25 | — | $40.9M | ||
| Q3 25 | $-1.4M | $17.7M | ||
| Q2 25 | $-4.3M | $4.6M | ||
| Q1 25 | $26.0M | $5.7M | ||
| Q4 24 | $15.7M | $59.7M | ||
| Q3 24 | $37.4M | $17.6M | ||
| Q2 24 | $34.4M | $15.9M | ||
| Q1 24 | $25.2M | $9.4M |
自由现金流METCRMAX
| Q4 25 | — | $33.5M | ||
| Q3 25 | $-17.5M | $16.4M | ||
| Q2 25 | $-19.8M | $2.9M | ||
| Q1 25 | $7.6M | $4.0M | ||
| Q4 24 | $5.1M | $53.0M | ||
| Q3 24 | $25.6M | $16.3M | ||
| Q2 24 | $20.3M | $14.0M | ||
| Q1 24 | $6.5M | $6.8M |
自由现金流率METCRMAX
| Q4 25 | — | 47.1% | ||
| Q3 25 | -14.5% | 22.4% | ||
| Q2 25 | -13.0% | 4.0% | ||
| Q1 25 | 5.6% | 5.3% | ||
| Q4 24 | 3.0% | 73.2% | ||
| Q3 24 | 15.3% | 20.8% | ||
| Q2 24 | 13.1% | 17.8% | ||
| Q1 24 | 3.7% | 8.6% |
资本支出强度METCRMAX
| Q4 25 | — | 10.4% | ||
| Q3 25 | 13.3% | 1.8% | ||
| Q2 25 | 10.2% | 2.2% | ||
| Q1 25 | 13.7% | 2.3% | ||
| Q4 24 | 6.2% | 9.1% | ||
| Q3 24 | 7.0% | 1.7% | ||
| Q2 24 | 9.1% | 2.4% | ||
| Q1 24 | 10.8% | 3.3% |
现金转化率METCRMAX
| Q4 25 | — | 28.39× | ||
| Q3 25 | — | 4.45× | ||
| Q2 25 | — | 0.97× | ||
| Q1 25 | — | — | ||
| Q4 24 | 4.06× | 10.28× | ||
| Q3 24 | — | 18.22× | ||
| Q2 24 | 6.21× | 4.29× | ||
| Q1 24 | 12.40× | — |
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
METC
| Export Coal Revenues | $73.0M | 60% |
| Domestic Coal Revenues | $48.0M | 40% |
RMAX
| Franchising Segment | $50.1M | 70% |
| Broker Fees | $13.9M | 20% |
| Annual Dues | $7.4M | 10% |
