vs
MARKETWISE, INC.（MKTW）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
MARKETWISE, INC.的季度营收约是RE/MAX Holdings, Inc.的1.2倍（$83.4M vs $71.1M），MARKETWISE, INC.净利率更高（2.3% vs 2.0%，领先0.3%），RE/MAX Holdings, Inc.同比增速更快（-1.8% vs -14.4%），MARKETWISE, INC.自由现金流更多（$45.6M vs $33.5M），过去两年RE/MAX Holdings, Inc.的营收复合增速更高（-4.7% vs -12.5%）
MarketWise Inc.是一家领先的投资研究、金融市场数据及财富管理教育解决方案提供商，服务覆盖北美、欧洲及亚太地区的个人与机构投资者，核心产品包括实用市场洞察、投资组合分析工具及多资产类别专项研究内容。
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。
MKTW vs RMAX — 直观对比
营收规模更大
MKTW
是对方的1.2倍
$71.1M
营收增速更快
RMAX
高出12.6%
-14.4%
净利率更高
MKTW
高出0.3%
2.0%
自由现金流更多
MKTW
多$12.1M
$33.5M
两年增速更快
RMAX
近两年复合增速
-12.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $83.4M | $71.1M |
| 净利润 | $1.9M | $1.4M |
| 毛利率 | 87.0% | — |
| 营业利润率 | 15.8% | 13.1% |
| 净利率 | 2.3% | 2.0% |
| 营收同比 | -14.4% | -1.8% |
| 净利润同比 | -9.8% | -75.2% |
| 每股收益（稀释后） | $0.79 | — |
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MKTWRMAX
| Q4 25 | $83.4M | $71.1M | ||
| Q3 25 | $81.3M | $73.2M | ||
| Q2 25 | $80.0M | $72.8M | ||
| Q1 25 | $83.5M | $74.5M | ||
| Q4 24 | $97.5M | $72.5M | ||
| Q3 24 | $97.2M | $78.5M | ||
| Q2 24 | $105.0M | $78.5M | ||
| Q1 24 | $109.0M | $78.3M |
净利润MKTWRMAX
| Q4 25 | $1.9M | $1.4M | ||
| Q3 25 | $1.5M | $4.0M | ||
| Q2 25 | $1.3M | $4.7M | ||
| Q1 25 | $890.0K | $-2.0M | ||
| Q4 24 | $2.1M | $5.8M | ||
| Q3 24 | $1.7M | $966.0K | ||
| Q2 24 | $1.5M | $3.7M | ||
| Q1 24 | $1.7M | $-3.4M |
毛利率MKTWRMAX
| Q4 25 | 87.0% | — | ||
| Q3 25 | 87.0% | — | ||
| Q2 25 | 86.3% | — | ||
| Q1 25 | 85.7% | — | ||
| Q4 24 | 88.7% | — | ||
| Q3 24 | 86.7% | — | ||
| Q2 24 | 87.3% | — | ||
| Q1 24 | 87.7% | — |
营业利润率MKTWRMAX
| Q4 25 | 15.8% | 13.1% | ||
| Q3 25 | 21.9% | 25.0% | ||
| Q2 25 | 18.5% | 19.3% | ||
| Q1 25 | 20.1% | 7.2% | ||
| Q4 24 | 24.8% | 5.9% | ||
| Q3 24 | 22.5% | 19.4% | ||
| Q2 24 | 20.3% | 20.6% | ||
| Q1 24 | 19.8% | 5.8% |
净利率MKTWRMAX
| Q4 25 | 2.3% | 2.0% | ||
| Q3 25 | 1.9% | 5.4% | ||
| Q2 25 | 1.6% | 6.4% | ||
| Q1 25 | 1.1% | -2.6% | ||
| Q4 24 | 2.2% | 8.0% | ||
| Q3 24 | 1.8% | 1.2% | ||
| Q2 24 | 1.5% | 4.7% | ||
| Q1 24 | 1.5% | -4.3% |
每股收益（稀释后）MKTWRMAX
| Q4 25 | $0.79 | — | ||
| Q3 25 | $0.58 | — | ||
| Q2 25 | $0.53 | — | ||
| Q1 25 | $0.41 | — | ||
| Q4 24 | $1.06 | — | ||
| Q3 24 | $0.87 | — | ||
| Q2 24 | $0.80 | — | ||
| Q1 24 | $0.85 | — |
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 | $70.1M | $118.7M |
| 总债务越低越好 | — | $432.2M |
| 股东权益账面价值 | $-11.7M | $452.4M |
| 总资产 | $218.4M | $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MKTWRMAX
| Q4 25 | $70.1M | $118.7M | ||
| Q3 25 | $50.5M | $107.5M | ||
| Q2 25 | $69.1M | $94.3M | ||
| Q1 25 | $79.2M | $89.1M | ||
| Q4 24 | $97.9M | $96.6M | ||
| Q3 24 | $94.1M | $83.8M | ||
| Q2 24 | $109.3M | $66.1M | ||
| Q1 24 | $131.2M | $82.1M |
总债务MKTWRMAX
| 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 | $707.0K | $439.0M |
股东权益MKTWRMAX
| Q4 25 | $-11.7M | $452.4M | ||
| Q3 25 | $-14.5M | $448.1M | ||
| Q2 25 | $-15.8M | $442.4M | ||
| Q1 25 | $-15.8M | $433.5M | ||
| Q4 24 | $-12.5M | $429.5M | ||
| Q3 24 | $-19.5M | $423.1M | ||
| Q2 24 | $-23.7M | $418.4M | ||
| Q1 24 | $-9.4M | $412.0M |
总资产MKTWRMAX
| Q4 25 | $218.4M | $582.5M | ||
| Q3 25 | $201.7M | $582.2M | ||
| Q2 25 | $211.8M | $574.8M | ||
| Q1 25 | $239.6M | $571.4M | ||
| Q4 24 | $259.5M | $581.6M | ||
| Q3 24 | $278.4M | $578.6M | ||
| Q2 24 | $315.3M | $571.4M | ||
| Q1 24 | $359.3M | $566.7M |
负债/权益比MKTWRMAX
| 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 | $46.0M | $40.9M |
| 自由现金流经营现金流 - 资本支出 | $45.6M | $33.5M |
| 自由现金流率自由现金流/营收 | 54.6% | 47.1% |
| 资本支出强度资本支出/营收 | 0.5% | 10.4% |
| 现金转化率经营现金流/净利润 | 23.84× | 28.39× |
| 过去12个月自由现金流最近4个季度 | $67.1M | $56.8M |
8季度趋势，按日历期对齐
经营现金流MKTWRMAX
| Q4 25 | $46.0M | $40.9M | ||
| Q3 25 | $2.2M | $17.7M | ||
| Q2 25 | $17.8M | $4.6M | ||
| Q1 25 | $1.7M | $5.7M | ||
| Q4 24 | $-22.1M | $59.7M | ||
| Q3 24 | $-5.8M | $17.6M | ||
| Q2 24 | $-3.8M | $15.9M | ||
| Q1 24 | $-18.5M | $9.4M |
自由现金流MKTWRMAX
| Q4 25 | $45.6M | $33.5M | ||
| Q3 25 | $2.2M | $16.4M | ||
| Q2 25 | $17.7M | $2.9M | ||
| Q1 25 | $1.7M | $4.0M | ||
| Q4 24 | $-22.3M | $53.0M | ||
| Q3 24 | $-5.9M | $16.3M | ||
| Q2 24 | $-3.8M | $14.0M | ||
| Q1 24 | — | $6.8M |
自由现金流率MKTWRMAX
| Q4 25 | 54.6% | 47.1% | ||
| Q3 25 | 2.7% | 22.4% | ||
| Q2 25 | 22.2% | 4.0% | ||
| Q1 25 | 2.0% | 5.3% | ||
| Q4 24 | -22.9% | 73.2% | ||
| Q3 24 | -6.0% | 20.8% | ||
| Q2 24 | -3.6% | 17.8% | ||
| Q1 24 | — | 8.6% |
资本支出强度MKTWRMAX
| Q4 25 | 0.5% | 10.4% | ||
| Q3 25 | 0.0% | 1.8% | ||
| Q2 25 | 0.1% | 2.2% | ||
| Q1 25 | 0.1% | 2.3% | ||
| Q4 24 | 0.1% | 9.1% | ||
| Q3 24 | 0.0% | 1.7% | ||
| Q2 24 | 0.0% | 2.4% | ||
| Q1 24 | 0.0% | 3.3% |
现金转化率MKTWRMAX
| Q4 25 | 23.84× | 28.39× | ||
| Q3 25 | 1.44× | 4.45× | ||
| Q2 25 | 13.76× | 0.97× | ||
| Q1 25 | 1.95× | — | ||
| Q4 24 | -10.36× | 10.28× | ||
| Q3 24 | -3.39× | 18.22× | ||
| Q2 24 | -2.46× | 4.29× | ||
| Q1 24 | -11.17× | — |
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
MKTW
暂无分部数据
RMAX
| Franchising Segment | $50.1M | 70% |
| Broker Fees | $13.9M | 20% |
| Annual Dues | $7.4M | 10% |
