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Marcus & Millichap, Inc.（MMI）与Revolve Group, Inc.（RVLV）财务数据对比。点击上方公司名可切换其他公司
Revolve Group, Inc.的季度营收约是Marcus & Millichap, Inc.的1.3倍（$324.4M vs $243.9M），Revolve Group, Inc.净利率更高（5.7% vs 5.5%，领先0.3%），Revolve Group, Inc.同比增速更快（10.4% vs 1.6%），Marcus & Millichap, Inc.自由现金流更多（$43.9M vs $-13.3M），过去两年Marcus & Millichap, Inc.的营收复合增速更高（37.5% vs 9.5%）
马库斯-米利查普是一家美国商业地产服务企业，在美国和加拿大开展业务，核心服务涵盖商业地产经纪、抵押贷款经纪、市场研究及顾问咨询，业内首创了单经纪机构独家代理房源挂牌模式，目前在美加两国设有超过80家办事处，员工规模超1800人。
Revolve Theatre Company是总部位于英国泰晤士河畔亨利的剧团，专注于创作演出政治题材和莎士比亚系列戏剧作品，由奥利弗·登奇、乔·莫里斯与汤姆·史密斯共同创立运营。
MMI vs RVLV — 直观对比
营收规模更大
RVLV
是对方的1.3倍
$243.9M
营收增速更快
RVLV
高出8.8%
1.6%
净利率更高
RVLV
高出0.3%
5.5%
自由现金流更多
MMI
多$57.2M
$-13.3M
两年增速更快
MMI
近两年复合增速
9.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $243.9M | $324.4M |
| 净利润 | $13.3M | $18.6M |
| 毛利率 | — | 53.3% |
| 营业利润率 | 6.3% | 6.3% |
| 净利率 | 5.5% | 5.7% |
| 营收同比 | 1.6% | 10.4% |
| 净利润同比 | 55.7% | 50.4% |
| 每股收益（稀释后） | $0.33 | $0.27 |
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MMIRVLV
| Q4 25 | $243.9M | $324.4M | ||
| Q3 25 | $193.9M | $295.6M | ||
| Q2 25 | $172.3M | $309.0M | ||
| Q1 25 | $145.0M | $296.7M | ||
| Q4 24 | $240.1M | $293.7M | ||
| Q3 24 | $168.5M | $283.1M | ||
| Q2 24 | $158.4M | $282.5M | ||
| Q1 24 | $129.1M | $270.6M |
净利润MMIRVLV
| Q4 25 | $13.3M | $18.6M | ||
| Q3 25 | $240.0K | $21.2M | ||
| Q2 25 | $-11.0M | $10.2M | ||
| Q1 25 | $-4.4M | $11.8M | ||
| Q4 24 | $8.5M | $12.3M | ||
| Q3 24 | $-5.4M | $11.0M | ||
| Q2 24 | $-5.5M | $15.4M | ||
| Q1 24 | $-10.0M | $10.9M |
毛利率MMIRVLV
| Q4 25 | — | 53.3% | ||
| Q3 25 | — | 54.6% | ||
| Q2 25 | — | 54.1% | ||
| Q1 25 | — | 52.0% | ||
| Q4 24 | — | 52.5% | ||
| Q3 24 | — | 51.2% | ||
| Q2 24 | — | 54.0% | ||
| Q1 24 | — | 52.3% |
营业利润率MMIRVLV
| Q4 25 | 6.3% | 6.3% | ||
| Q3 25 | -1.2% | 7.1% | ||
| Q2 25 | -5.3% | 5.8% | ||
| Q1 25 | -12.2% | 5.0% | ||
| Q4 24 | 2.8% | 3.9% | ||
| Q3 24 | -6.8% | 5.0% | ||
| Q2 24 | -5.1% | 5.8% | ||
| Q1 24 | -15.6% | 3.4% |
净利率MMIRVLV
| Q4 25 | 5.5% | 5.7% | ||
| Q3 25 | 0.1% | 7.2% | ||
| Q2 25 | -6.4% | 3.3% | ||
| Q1 25 | -3.0% | 4.0% | ||
| Q4 24 | 3.6% | 4.2% | ||
| Q3 24 | -3.2% | 3.9% | ||
| Q2 24 | -3.5% | 5.4% | ||
| Q1 24 | -7.7% | 4.0% |
每股收益（稀释后）MMIRVLV
| Q4 25 | $0.33 | $0.27 | ||
| Q3 25 | $0.01 | $0.29 | ||
| Q2 25 | $-0.28 | $0.14 | ||
| Q1 25 | $-0.11 | $0.16 | ||
| Q4 24 | $0.22 | $0.18 | ||
| Q3 24 | $-0.14 | $0.15 | ||
| Q2 24 | $-0.14 | $0.21 | ||
| Q1 24 | $-0.26 | $0.15 |
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 | — | $292.3M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $603.1M | $512.5M |
| 总资产 | $827.2M | $765.0M |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资MMIRVLV
| Q4 25 | — | $292.3M | ||
| Q3 25 | — | $315.4M | ||
| Q2 25 | — | $310.7M | ||
| Q1 25 | — | $300.8M | ||
| Q4 24 | — | $256.6M | ||
| Q3 24 | — | $252.8M | ||
| Q2 24 | — | $244.7M | ||
| Q1 24 | — | $273.4M |
股东权益MMIRVLV
| Q4 25 | $603.1M | $512.5M | ||
| Q3 25 | $602.2M | $490.2M | ||
| Q2 25 | $607.8M | $468.6M | ||
| Q1 25 | $617.6M | $453.4M | ||
| Q4 24 | $630.8M | $437.8M | ||
| Q3 24 | $617.7M | $420.8M | ||
| Q2 24 | $626.7M | $405.8M | ||
| Q1 24 | $625.6M | $389.9M |
总资产MMIRVLV
| Q4 25 | $827.2M | $765.0M | ||
| Q3 25 | $812.5M | $751.3M | ||
| Q2 25 | $792.2M | $722.9M | ||
| Q1 25 | $802.0M | $713.9M | ||
| Q4 24 | $869.8M | $665.5M | ||
| Q3 24 | $833.7M | $670.9M | ||
| Q2 24 | $825.4M | $657.8M | ||
| Q1 24 | $826.7M | $650.0M |
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 | $46.3M | $-10.2M |
| 自由现金流经营现金流 - 资本支出 | $43.9M | $-13.3M |
| 自由现金流率自由现金流/营收 | 18.0% | -4.1% |
| 资本支出强度资本支出/营收 | 1.0% | 1.0% |
| 现金转化率经营现金流/净利润 | 3.48× | -0.55× |
| 过去12个月自由现金流最近4个季度 | $58.8M | $48.0M |
8季度趋势，按日历期对齐
经营现金流MMIRVLV
| Q4 25 | $46.3M | $-10.2M | ||
| Q3 25 | $52.2M | $11.8M | ||
| Q2 25 | $21.0M | $12.6M | ||
| Q1 25 | $-52.8M | $45.1M | ||
| Q4 24 | $56.7M | $3.9M | ||
| Q3 24 | $15.2M | $9.1M | ||
| Q2 24 | $851.0K | $-24.7M | ||
| Q1 24 | $-51.0M | $38.4M |
自由现金流MMIRVLV
| Q4 25 | $43.9M | $-13.3M | ||
| Q3 25 | $50.0M | $7.5M | ||
| Q2 25 | $19.3M | $10.4M | ||
| Q1 25 | $-54.3M | $43.4M | ||
| Q4 24 | $55.1M | $2.1M | ||
| Q3 24 | $13.2M | $8.0M | ||
| Q2 24 | $-806.0K | $-25.7M | ||
| Q1 24 | $-53.7M | $36.7M |
自由现金流率MMIRVLV
| Q4 25 | 18.0% | -4.1% | ||
| Q3 25 | 25.8% | 2.5% | ||
| Q2 25 | 11.2% | 3.4% | ||
| Q1 25 | -37.5% | 14.6% | ||
| Q4 24 | 23.0% | 0.7% | ||
| Q3 24 | 7.8% | 2.8% | ||
| Q2 24 | -0.5% | -9.1% | ||
| Q1 24 | -41.6% | 13.5% |
资本支出强度MMIRVLV
| Q4 25 | 1.0% | 1.0% | ||
| Q3 25 | 1.2% | 1.5% | ||
| Q2 25 | 1.0% | 0.7% | ||
| Q1 25 | 1.0% | 0.6% | ||
| Q4 24 | 0.6% | 0.6% | ||
| Q3 24 | 1.2% | 0.4% | ||
| Q2 24 | 1.0% | 0.4% | ||
| Q1 24 | 2.0% | 0.6% |
现金转化率MMIRVLV
| Q4 25 | 3.48× | -0.55× | ||
| Q3 25 | 217.54× | 0.56× | ||
| Q2 25 | — | 1.24× | ||
| Q1 25 | — | 3.82× | ||
| Q4 24 | 6.63× | 0.32× | ||
| Q3 24 | — | 0.83× | ||
| Q2 24 | — | -1.60× | ||
| Q1 24 | — | 3.53× |
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
MMI
| Real Estate Brokerage Commissions | $205.3M | 84% |
| Financing Fees | $33.2M | 14% |
| Other Revenues | $5.4M | 2% |
RVLV
| Fashion Apparel | $155.1M | 48% |
| Dresses | $76.4M | 24% |
| Handbags Shoes And Accessories | $67.6M | 21% |
| Beauty | $20.3M | 6% |
| Manufactured Product Other | $5.0M | 2% |
| Breakage On Store Credit And Gift Cards | $900.0K | 0% |
