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N-able, Inc.（NABL）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
N-able, Inc.的季度营收约是RE/MAX Holdings, Inc.的1.8倍（$130.3M vs $71.1M），N-able, Inc.同比增速更快（11.8% vs -1.8%），RE/MAX Holdings, Inc.自由现金流更多（$33.5M vs $20.9M），过去两年N-able, Inc.的营收复合增速更高（7.0% vs -4.7%）
Able UK是一家英国工业服务企业，主打船舶与海上设施的退役拆解业务，深耕该领域多年，具备大型工业设施拆除作业的专业能力与丰富经验，在英国相关工业服务市场占据一席之地。
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。
NABL vs RMAX — 直观对比
营收规模更大
NABL
是对方的1.8倍
$71.1M
营收增速更快
NABL
高出13.6%
-1.8%
自由现金流更多
RMAX
多$12.7M
$20.9M
两年增速更快
NABL
近两年复合增速
-4.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $130.3M | $71.1M |
| 净利润 | — | $1.4M |
| 毛利率 | 76.2% | — |
| 营业利润率 | 10.2% | 13.1% |
| 净利率 | — | 2.0% |
| 营收同比 | 11.8% | -1.8% |
| 净利润同比 | — | -75.2% |
| 每股收益（稀释后） | $-0.04 | — |
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NABLRMAX
| Q4 25 | $130.3M | $71.1M | ||
| Q3 25 | $131.7M | $73.2M | ||
| Q2 25 | $131.2M | $72.8M | ||
| Q1 25 | $118.2M | $74.5M | ||
| Q4 24 | $116.5M | $72.5M | ||
| Q3 24 | $116.4M | $78.5M | ||
| Q2 24 | $119.4M | $78.5M | ||
| Q1 24 | $113.7M | $78.3M |
净利润NABLRMAX
| Q4 25 | — | $1.4M | ||
| Q3 25 | $1.4M | $4.0M | ||
| Q2 25 | $-4.0M | $4.7M | ||
| Q1 25 | $-7.2M | $-2.0M | ||
| Q4 24 | — | $5.8M | ||
| Q3 24 | $10.8M | $966.0K | ||
| Q2 24 | $9.5M | $3.7M | ||
| Q1 24 | $7.5M | $-3.4M |
毛利率NABLRMAX
| Q4 25 | 76.2% | — | ||
| Q3 25 | 77.5% | — | ||
| Q2 25 | 78.1% | — | ||
| Q1 25 | 76.6% | — | ||
| Q4 24 | 80.0% | — | ||
| Q3 24 | 82.9% | — | ||
| Q2 24 | 84.0% | — | ||
| Q1 24 | 83.9% | — |
营业利润率NABLRMAX
| Q4 25 | 10.2% | 13.1% | ||
| Q3 25 | 8.8% | 25.0% | ||
| Q2 25 | 7.7% | 19.3% | ||
| Q1 25 | 1.5% | 7.2% | ||
| Q4 24 | 13.7% | 5.9% | ||
| Q3 24 | 20.5% | 19.4% | ||
| Q2 24 | 18.4% | 20.6% | ||
| Q1 24 | 18.0% | 5.8% |
净利率NABLRMAX
| Q4 25 | — | 2.0% | ||
| Q3 25 | 1.1% | 5.4% | ||
| Q2 25 | -3.1% | 6.4% | ||
| Q1 25 | -6.1% | -2.6% | ||
| Q4 24 | — | 8.0% | ||
| Q3 24 | 9.2% | 1.2% | ||
| Q2 24 | 7.9% | 4.7% | ||
| Q1 24 | 6.6% | -4.3% |
每股收益（稀释后）NABLRMAX
| Q4 25 | $-0.04 | — | ||
| Q3 25 | $0.01 | — | ||
| Q2 25 | $-0.02 | — | ||
| Q1 25 | $-0.04 | — | ||
| Q4 24 | $0.01 | — | ||
| Q3 24 | $0.06 | — | ||
| Q2 24 | $0.05 | — | ||
| Q1 24 | $0.04 | — |
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 | $111.8M | $118.7M |
| 总债务越低越好 | $393.9M | $432.2M |
| 股东权益账面价值 | $804.7M | $452.4M |
| 总资产 | $1.4B | $582.5M |
| 负债/权益比越低杠杆越低 | 0.49× | 0.96× |
8季度趋势，按日历期对齐
现金及短期投资NABLRMAX
| Q4 25 | $111.8M | $118.7M | ||
| Q3 25 | $101.4M | $107.5M | ||
| Q2 25 | $93.9M | $94.3M | ||
| Q1 25 | $94.1M | $89.1M | ||
| Q4 24 | $85.2M | $96.6M | ||
| Q3 24 | $174.4M | $83.8M | ||
| Q2 24 | $157.5M | $66.1M | ||
| Q1 24 | $139.2M | $82.1M |
总债务NABLRMAX
| Q4 25 | $393.9M | $432.2M | ||
| Q3 25 | $331.7M | $433.3M | ||
| Q2 25 | $332.1M | $434.4M | ||
| Q1 25 | $332.6M | $435.3M | ||
| Q4 24 | $333.1M | $436.2M | ||
| Q3 24 | $333.6M | $437.2M | ||
| Q2 24 | $334.1M | $438.1M | ||
| Q1 24 | $334.5M | $439.0M |
股东权益NABLRMAX
| Q4 25 | $804.7M | $452.4M | ||
| Q3 25 | $813.4M | $448.1M | ||
| Q2 25 | $809.4M | $442.4M | ||
| Q1 25 | $775.1M | $433.5M | ||
| Q4 24 | $759.3M | $429.5M | ||
| Q3 24 | $765.0M | $423.1M | ||
| Q2 24 | $724.4M | $418.4M | ||
| Q1 24 | $709.1M | $412.0M |
总资产NABLRMAX
| Q4 25 | $1.4B | $582.5M | ||
| Q3 25 | $1.4B | $582.2M | ||
| Q2 25 | $1.4B | $574.8M | ||
| Q1 25 | $1.4B | $571.4M | ||
| Q4 24 | $1.3B | $581.6M | ||
| Q3 24 | $1.2B | $578.6M | ||
| Q2 24 | $1.2B | $571.4M | ||
| Q1 24 | $1.1B | $566.7M |
负债/权益比NABLRMAX
| Q4 25 | 0.49× | 0.96× | ||
| Q3 25 | 0.41× | 0.97× | ||
| Q2 25 | 0.41× | 0.98× | ||
| Q1 25 | 0.43× | 1.00× | ||
| Q4 24 | 0.44× | 1.02× | ||
| Q3 24 | 0.44× | 1.03× | ||
| Q2 24 | 0.46× | 1.05× | ||
| Q1 24 | 0.47× | 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 | $25.3M | $40.9M |
| 自由现金流经营现金流 - 资本支出 | $20.9M | $33.5M |
| 自由现金流率自由现金流/营收 | 16.0% | 47.1% |
| 资本支出强度资本支出/营收 | 3.4% | 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 | $75.1M | $56.8M |
8季度趋势，按日历期对齐
经营现金流NABLRMAX
| Q4 25 | $25.3M | $40.9M | ||
| Q3 25 | $24.0M | $17.7M | ||
| Q2 25 | $24.2M | $4.6M | ||
| Q1 25 | $19.7M | $5.7M | ||
| Q4 24 | $26.0M | $59.7M | ||
| Q3 24 | $22.0M | $17.6M | ||
| Q2 24 | $27.3M | $15.9M | ||
| Q1 24 | $4.2M | $9.4M |
自由现金流NABLRMAX
| Q4 25 | $20.9M | $33.5M | ||
| Q3 25 | $17.4M | $16.4M | ||
| Q2 25 | $20.4M | $2.9M | ||
| Q1 25 | $16.4M | $4.0M | ||
| Q4 24 | $18.8M | $53.0M | ||
| Q3 24 | $18.2M | $16.3M | ||
| Q2 24 | $24.0M | $14.0M | ||
| Q1 24 | $746.0K | $6.8M |
自由现金流率NABLRMAX
| Q4 25 | 16.0% | 47.1% | ||
| Q3 25 | 13.2% | 22.4% | ||
| Q2 25 | 15.5% | 4.0% | ||
| Q1 25 | 13.9% | 5.3% | ||
| Q4 24 | 16.2% | 73.2% | ||
| Q3 24 | 15.7% | 20.8% | ||
| Q2 24 | 20.1% | 17.8% | ||
| Q1 24 | 0.7% | 8.6% |
资本支出强度NABLRMAX
| Q4 25 | 3.4% | 10.4% | ||
| Q3 25 | 5.0% | 1.8% | ||
| Q2 25 | 2.9% | 2.2% | ||
| Q1 25 | 2.8% | 2.3% | ||
| Q4 24 | 6.1% | 9.1% | ||
| Q3 24 | 3.2% | 1.7% | ||
| Q2 24 | 2.7% | 2.4% | ||
| Q1 24 | 3.0% | 3.3% |
现金转化率NABLRMAX
| Q4 25 | — | 28.39× | ||
| Q3 25 | 17.36× | 4.45× | ||
| Q2 25 | — | 0.97× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 10.28× | ||
| Q3 24 | 2.04× | 18.22× | ||
| Q2 24 | 2.89× | 4.29× | ||
| Q1 24 | 0.56× | — |
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
NABL
| Transferred Over Time | $121.9M | 94% |
| Transferred At Point In Time | $8.4M | 6% |
| Other Revenue | $1.3M | 1% |
RMAX
| Franchising Segment | $50.1M | 70% |
| Broker Fees | $13.9M | 20% |
| Annual Dues | $7.4M | 10% |
