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MGP INGREDIENTS INC（MGPI）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
MGP INGREDIENTS INC的季度营收约是RE/MAX Holdings, Inc.的1.9倍（$138.3M vs $71.1M），RE/MAX Holdings, Inc.净利率更高（2.0% vs -97.3%，领先99.4%），RE/MAX Holdings, Inc.同比增速更快（-1.8% vs -23.5%），RE/MAX Holdings, Inc.自由现金流更多（$33.5M vs $24.3M），过去两年RE/MAX Holdings, Inc.的营收复合增速更高（-4.7% vs -9.9%）
MGP配料公司是总部位于美国的优质蒸馏酒、特种小麦和玉米基淀粉及蛋白质配料供应商，服务食品饮料制造、餐饮及工业客户领域，为北美及部分全球市场客户提供定制化配料解决方案。
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。
MGPI vs RMAX — 直观对比
营收规模更大
MGPI
是对方的1.9倍
$71.1M
营收增速更快
RMAX
高出21.7%
-23.5%
净利率更高
RMAX
高出99.4%
-97.3%
自由现金流更多
RMAX
多$9.2M
$24.3M
两年增速更快
RMAX
近两年复合增速
-9.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $138.3M | $71.1M |
| 净利润 | $-134.6M | $1.4M |
| 毛利率 | 34.9% | — |
| 营业利润率 | -97.7% | 13.1% |
| 净利率 | -97.3% | 2.0% |
| 营收同比 | -23.5% | -1.8% |
| 净利润同比 | -220.8% | -75.2% |
| 每股收益（稀释后） | $-6.23 | — |
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MGPIRMAX
| Q4 25 | $138.3M | $71.1M | ||
| Q3 25 | $130.9M | $73.2M | ||
| Q2 25 | $145.5M | $72.8M | ||
| Q1 25 | $121.7M | $74.5M | ||
| Q4 24 | $180.8M | $72.5M | ||
| Q3 24 | $161.5M | $78.5M | ||
| Q2 24 | $190.8M | $78.5M | ||
| Q1 24 | $170.6M | $78.3M |
净利润MGPIRMAX
| Q4 25 | $-134.6M | $1.4M | ||
| Q3 25 | $15.4M | $4.0M | ||
| Q2 25 | $14.4M | $4.7M | ||
| Q1 25 | $-3.0M | $-2.0M | ||
| Q4 24 | $-42.0M | $5.8M | ||
| Q3 24 | $23.9M | $966.0K | ||
| Q2 24 | $32.1M | $3.7M | ||
| Q1 24 | $20.6M | $-3.4M |
毛利率MGPIRMAX
| Q4 25 | 34.9% | — | ||
| Q3 25 | 37.8% | — | ||
| Q2 25 | 40.1% | — | ||
| Q1 25 | 35.6% | — | ||
| Q4 24 | 41.2% | — | ||
| Q3 24 | 40.8% | — | ||
| Q2 24 | 43.6% | — | ||
| Q1 24 | 36.8% | — |
营业利润率MGPIRMAX
| Q4 25 | -97.7% | 13.1% | ||
| Q3 25 | 16.1% | 25.0% | ||
| Q2 25 | 14.0% | 19.3% | ||
| Q1 25 | -0.6% | 7.2% | ||
| Q4 24 | -16.8% | 5.9% | ||
| Q3 24 | 20.2% | 19.4% | ||
| Q2 24 | 22.7% | 20.6% | ||
| Q1 24 | 17.0% | 5.8% |
净利率MGPIRMAX
| Q4 25 | -97.3% | 2.0% | ||
| Q3 25 | 11.8% | 5.4% | ||
| Q2 25 | 9.9% | 6.4% | ||
| Q1 25 | -2.5% | -2.6% | ||
| Q4 24 | -23.2% | 8.0% | ||
| Q3 24 | 14.8% | 1.2% | ||
| Q2 24 | 16.8% | 4.7% | ||
| Q1 24 | 12.1% | -4.3% |
每股收益（稀释后）MGPIRMAX
| Q4 25 | $-6.23 | — | ||
| Q3 25 | $0.71 | — | ||
| Q2 25 | $0.67 | — | ||
| Q1 25 | $-0.14 | — | ||
| Q4 24 | $-1.86 | — | ||
| Q3 24 | $1.07 | — | ||
| Q2 24 | $1.43 | — | ||
| Q1 24 | $0.92 | — |
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 | $18.5M | $118.7M |
| 总债务越低越好 | $245.9M | $432.2M |
| 股东权益账面价值 | $718.4M | $452.4M |
| 总资产 | $1.2B | $582.5M |
| 负债/权益比越低杠杆越低 | 0.34× | 0.96× |
8季度趋势，按日历期对齐
现金及短期投资MGPIRMAX
| Q4 25 | $18.5M | $118.7M | ||
| Q3 25 | $13.4M | $107.5M | ||
| Q2 25 | $17.3M | $94.3M | ||
| Q1 25 | $20.1M | $89.1M | ||
| Q4 24 | $25.3M | $96.6M | ||
| Q3 24 | $20.8M | $83.8M | ||
| Q2 24 | $21.0M | $66.1M | ||
| Q1 24 | $19.5M | $82.1M |
总债务MGPIRMAX
| Q4 25 | $245.9M | $432.2M | ||
| Q3 25 | $262.3M | $433.3M | ||
| Q2 25 | $290.7M | $434.4M | ||
| Q1 25 | $290.7M | $435.3M | ||
| Q4 24 | $317.1M | $436.2M | ||
| Q3 24 | $283.6M | $437.2M | ||
| Q2 24 | $303.0M | $438.1M | ||
| Q1 24 | $294.4M | $439.0M |
股东权益MGPIRMAX
| Q4 25 | $718.4M | $452.4M | ||
| Q3 25 | $855.2M | $448.1M | ||
| Q2 25 | $841.8M | $442.4M | ||
| Q1 25 | $828.3M | $433.5M | ||
| Q4 24 | $834.2M | $429.5M | ||
| Q3 24 | $914.5M | $423.1M | ||
| Q2 24 | $894.5M | $418.4M | ||
| Q1 24 | $867.0M | $412.0M |
总资产MGPIRMAX
| Q4 25 | $1.2B | $582.5M | ||
| Q3 25 | $1.4B | $582.2M | ||
| Q2 25 | $1.4B | $574.8M | ||
| Q1 25 | $1.4B | $571.4M | ||
| Q4 24 | $1.4B | $581.6M | ||
| Q3 24 | $1.4B | $578.6M | ||
| Q2 24 | $1.4B | $571.4M | ||
| Q1 24 | $1.4B | $566.7M |
负债/权益比MGPIRMAX
| Q4 25 | 0.34× | 0.96× | ||
| Q3 25 | 0.31× | 0.97× | ||
| Q2 25 | 0.35× | 0.98× | ||
| Q1 25 | 0.35× | 1.00× | ||
| Q4 24 | 0.38× | 1.02× | ||
| Q3 24 | 0.31× | 1.03× | ||
| Q2 24 | 0.34× | 1.05× | ||
| Q1 24 | 0.34× | 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 | $29.1M | $40.9M |
| 自由现金流经营现金流 - 资本支出 | $24.3M | $33.5M |
| 自由现金流率自由现金流/营收 | 17.5% | 47.1% |
| 资本支出强度资本支出/营收 | 3.5% | 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 | $76.0M | $56.8M |
8季度趋势，按日历期对齐
经营现金流MGPIRMAX
| Q4 25 | $29.1M | $40.9M | ||
| Q3 25 | $36.1M | $17.7M | ||
| Q2 25 | $11.7M | $4.6M | ||
| Q1 25 | $44.7M | $5.7M | ||
| Q4 24 | $28.8M | $59.7M | ||
| Q3 24 | $43.9M | $17.6M | ||
| Q2 24 | $5.0M | $15.9M | ||
| Q1 24 | $24.6M | $9.4M |
自由现金流MGPIRMAX
| Q4 25 | $24.3M | $33.5M | ||
| Q3 25 | $27.6M | $16.4M | ||
| Q2 25 | $-557.0K | $2.9M | ||
| Q1 25 | $24.8M | $4.0M | ||
| Q4 24 | $10.4M | $53.0M | ||
| Q3 24 | $24.5M | $16.3M | ||
| Q2 24 | $-1.4M | $14.0M | ||
| Q1 24 | $-2.4M | $6.8M |
自由现金流率MGPIRMAX
| Q4 25 | 17.5% | 47.1% | ||
| Q3 25 | 21.1% | 22.4% | ||
| Q2 25 | -0.4% | 4.0% | ||
| Q1 25 | 20.4% | 5.3% | ||
| Q4 24 | 5.8% | 73.2% | ||
| Q3 24 | 15.2% | 20.8% | ||
| Q2 24 | -0.7% | 17.8% | ||
| Q1 24 | -1.4% | 8.6% |
资本支出强度MGPIRMAX
| Q4 25 | 3.5% | 10.4% | ||
| Q3 25 | 6.5% | 1.8% | ||
| Q2 25 | 8.4% | 2.2% | ||
| Q1 25 | 16.4% | 2.3% | ||
| Q4 24 | 10.1% | 9.1% | ||
| Q3 24 | 12.0% | 1.7% | ||
| Q2 24 | 3.3% | 2.4% | ||
| Q1 24 | 15.8% | 3.3% |
现金转化率MGPIRMAX
| Q4 25 | — | 28.39× | ||
| Q3 25 | 2.34× | 4.45× | ||
| Q2 25 | 0.81× | 0.97× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 10.28× | ||
| Q3 24 | 1.84× | 18.22× | ||
| Q2 24 | 0.15× | 4.29× | ||
| Q1 24 | 1.19× | — |
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
MGPI
| Branded Spirits | $63.4M | 46% |
| Ingredient Solutions | $31.3M | 23% |
| Specialty Wheat Starches | $16.8M | 12% |
| Mid Spirits | $16.1M | 12% |
| Other Branded Spirits | $8.0M | 6% |
| Commodity Wheat Starch | $2.3M | 2% |
RMAX
| Franchising Segment | $50.1M | 70% |
| Broker Fees | $13.9M | 20% |
| Annual Dues | $7.4M | 10% |
