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Midland States Bancorp, Inc.（MSBI）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
Midland States Bancorp, Inc.的季度营收约是RE/MAX Holdings, Inc.的1.1倍（$79.5M vs $71.1M），Midland States Bancorp, Inc.净利率更高（23.2% vs 2.0%，领先21.2%），过去两年RE/MAX Holdings, Inc.的营收复合增速更高（-4.7% vs -6.4%）
雷德尼爾銀行公司是總部位於西雅圖的雷德尼爾國家銀行的母公司，該銀行是華盛頓州的本土銀行，在全州設有多家網點。其發展歷史可追溯至1889年理查德·霍利約克創辦的通商國家銀行，1974年正式更名為雷德尼爾國家銀行，此後陸續收購機構，將業務拓展至阿拉斯加與俄勒岡地區。
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。
MSBI vs RMAX — 直观对比
营收规模更大
MSBI
是对方的1.1倍
$71.1M
净利率更高
MSBI
高出21.2%
2.0%
两年增速更快
RMAX
近两年复合增速
-6.4%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $79.5M | $71.1M |
| 净利润 | $18.5M | $1.4M |
| 毛利率 | — | — |
| 营业利润率 | — | 13.1% |
| 净利率 | 23.2% | 2.0% |
| 营收同比 | — | -1.8% |
| 净利润同比 | 739.3% | -75.2% |
| 每股收益（稀释后） | $0.74 | — |
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MSBIRMAX
| Q1 26 | $79.5M | — | ||
| Q4 25 | $85.6M | $71.1M | ||
| Q3 25 | $81.1M | $73.2M | ||
| Q2 25 | $82.2M | $72.8M | ||
| Q1 25 | $76.1M | $74.5M | ||
| Q4 24 | $93.9M | $72.5M | ||
| Q3 24 | $92.7M | $78.5M | ||
| Q2 24 | $90.9M | $78.5M |
净利润MSBIRMAX
| Q1 26 | $18.5M | — | ||
| Q4 25 | $-2.9M | $1.4M | ||
| Q3 25 | $7.6M | $4.0M | ||
| Q2 25 | $12.0M | $4.7M | ||
| Q1 25 | $-141.0M | $-2.0M | ||
| Q4 24 | $-30.8M | $5.8M | ||
| Q3 24 | $20.4M | $966.0K | ||
| Q2 24 | $25.7M | $3.7M |
营业利润率MSBIRMAX
| Q1 26 | — | — | ||
| Q4 25 | -5.5% | 13.1% | ||
| Q3 25 | 13.9% | 25.0% | ||
| Q2 25 | 18.1% | 19.3% | ||
| Q1 25 | -181.2% | 7.2% | ||
| Q4 24 | -66.5% | 5.9% | ||
| Q3 24 | 26.9% | 19.4% | ||
| Q2 24 | 35.0% | 20.6% |
净利率MSBIRMAX
| Q1 26 | 23.2% | — | ||
| Q4 25 | -4.9% | 2.0% | ||
| Q3 25 | 9.3% | 5.4% | ||
| Q2 25 | 14.6% | 6.4% | ||
| Q1 25 | -185.4% | -2.6% | ||
| Q4 24 | -52.5% | 8.0% | ||
| Q3 24 | 22.1% | 1.2% | ||
| Q2 24 | 28.3% | 4.7% |
每股收益（稀释后）MSBIRMAX
| Q1 26 | $0.74 | — | ||
| Q4 25 | $-0.22 | — | ||
| Q3 25 | $0.24 | — | ||
| Q2 25 | $0.44 | — | ||
| Q1 25 | $-6.58 | — | ||
| Q4 24 | $-1.49 | — | ||
| Q3 24 | $0.83 | — | ||
| Q2 24 | $1.06 | — |
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 | $89.4M | $118.7M |
| 总债务越低越好 | $33.2M | $432.2M |
| 股东权益账面价值 | $569.5M | $452.4M |
| 总资产 | $6.5B | $582.5M |
| 负债/权益比越低杠杆越低 | 0.06× | 0.96× |
8季度趋势，按日历期对齐
现金及短期投资MSBIRMAX
| Q1 26 | $89.4M | — | ||
| Q4 25 | $127.8M | $118.7M | ||
| Q3 25 | $166.1M | $107.5M | ||
| Q2 25 | $176.6M | $94.3M | ||
| Q1 25 | $102.0M | $89.1M | ||
| Q4 24 | $114.8M | $96.6M | ||
| Q3 24 | $121.9M | $83.8M | ||
| Q2 24 | $124.6M | $66.1M |
总债务MSBIRMAX
| Q1 26 | $33.2M | — | ||
| 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 |
股东权益MSBIRMAX
| Q1 26 | $569.5M | — | ||
| Q4 25 | $565.5M | $452.4M | ||
| Q3 25 | $584.0M | $448.1M | ||
| Q2 25 | $573.7M | $442.4M | ||
| Q1 25 | $571.4M | $433.5M | ||
| Q4 24 | $710.8M | $429.5M | ||
| Q3 24 | $771.2M | $423.1M | ||
| Q2 24 | $736.8M | $418.4M |
总资产MSBIRMAX
| Q1 26 | $6.5B | — | ||
| Q4 25 | $6.5B | $582.5M | ||
| Q3 25 | $6.9B | $582.2M | ||
| Q2 25 | $7.1B | $574.8M | ||
| Q1 25 | $7.3B | $571.4M | ||
| Q4 24 | $7.5B | $581.6M | ||
| Q3 24 | $7.7B | $578.6M | ||
| Q2 24 | $7.7B | $571.4M |
负债/权益比MSBIRMAX
| Q1 26 | 0.06× | — | ||
| 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× |
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 | — | $40.9M |
| 自由现金流经营现金流 - 资本支出 | — | $33.5M |
| 自由现金流率自由现金流/营收 | — | 47.1% |
| 资本支出强度资本支出/营收 | — | 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 | — | $56.8M |
8季度趋势，按日历期对齐
经营现金流MSBIRMAX
| Q1 26 | — | — | ||
| Q4 25 | $125.7M | $40.9M | ||
| Q3 25 | $80.0M | $17.7M | ||
| Q2 25 | $28.1M | $4.6M | ||
| Q1 25 | $24.7M | $5.7M | ||
| Q4 24 | $176.5M | $59.7M | ||
| Q3 24 | $46.5M | $17.6M | ||
| Q2 24 | $31.4M | $15.9M |
自由现金流MSBIRMAX
| Q1 26 | — | — | ||
| Q4 25 | $120.3M | $33.5M | ||
| Q3 25 | $78.6M | $16.4M | ||
| Q2 25 | $26.7M | $2.9M | ||
| Q1 25 | $22.9M | $4.0M | ||
| Q4 24 | $169.6M | $53.0M | ||
| Q3 24 | $44.4M | $16.3M | ||
| Q2 24 | $29.9M | $14.0M |
自由现金流率MSBIRMAX
| Q1 26 | — | — | ||
| Q4 25 | 140.6% | 47.1% | ||
| Q3 25 | 96.9% | 22.4% | ||
| Q2 25 | 32.4% | 4.0% | ||
| Q1 25 | 30.1% | 5.3% | ||
| Q4 24 | 180.6% | 73.2% | ||
| Q3 24 | 47.9% | 20.8% | ||
| Q2 24 | 32.9% | 17.8% |
资本支出强度MSBIRMAX
| Q1 26 | — | — | ||
| Q4 25 | 6.2% | 10.4% | ||
| Q3 25 | 1.7% | 1.8% | ||
| Q2 25 | 1.7% | 2.2% | ||
| Q1 25 | 2.4% | 2.3% | ||
| Q4 24 | 7.3% | 9.1% | ||
| Q3 24 | 2.3% | 1.7% | ||
| Q2 24 | 1.7% | 2.4% |
现金转化率MSBIRMAX
| Q1 26 | — | — | ||
| Q4 25 | — | 28.39× | ||
| Q3 25 | 10.58× | 4.45× | ||
| Q2 25 | 2.33× | 0.97× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 10.28× | ||
| Q3 24 | 2.28× | 18.22× | ||
| Q2 24 | 1.22× | 4.29× |
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
MSBI
| Net Interest Income | $57.4M | 72% |
| Noninterest Income | $22.1M | 28% |
RMAX
| Franchising Segment | $50.1M | 70% |
| Broker Fees | $13.9M | 20% |
| Annual Dues | $7.4M | 10% |
