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National Bank Holdings Corp（NBHC）与RMR GROUP INC.（RMR）财务数据对比。点击上方公司名可切换其他公司
National Bank Holdings Corp的季度营收约是RMR GROUP INC.的1.9倍（$126.8M vs $66.7M），RMR GROUP INC.净利率更高（18.3% vs 16.4%，领先1.9%）
这是一家美国区域性银行控股集团，目前在伊利诺伊、印第安纳等八个美国州布局营业网点，拥有近250个金融服务中心与约200家零售分行，总资产达485亿美元。它是总部位于印第安纳州的最大银行控股公司，也跻身美国银行业三十强之列。
RMR集团是总部位于美国的另类资产管理企业，核心业务聚焦不动产及相关投资，覆盖商业地产、住宅物业、基础设施等赛道，服务全球核心市场的机构投资者、高净值人士及零售客户。
NBHC vs RMR — 直观对比
营收规模更大
NBHC
是对方的1.9倍
$66.7M
净利率更高
RMR
高出1.9%
16.4%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $126.8M | $66.7M |
| 净利润 | $20.8M | $12.2M |
| 毛利率 | — | — |
| 营业利润率 | — | 48.1% |
| 净利率 | 16.4% | 18.3% |
| 营收同比 | — | 40.8% |
| 净利润同比 | -14.2% | 91.1% |
| 每股收益（稀释后） | $0.46 | $0.71 |
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NBHCRMR
| Q1 26 | $126.8M | — | ||
| Q4 25 | $100.6M | $66.7M | ||
| Q3 25 | $108.9M | — | ||
| Q2 25 | $104.5M | — | ||
| Q1 25 | $102.1M | — | ||
| Q4 24 | $101.3M | — | ||
| Q3 24 | $106.0M | — | ||
| Q2 24 | $97.6M | — |
净利润NBHCRMR
| Q1 26 | $20.8M | — | ||
| Q4 25 | $16.0M | $12.2M | ||
| Q3 25 | $35.3M | — | ||
| Q2 25 | $34.0M | — | ||
| Q1 25 | $24.2M | — | ||
| Q4 24 | $28.2M | — | ||
| Q3 24 | $33.1M | — | ||
| Q2 24 | $26.1M | — |
营业利润率NBHCRMR
| Q1 26 | — | — | ||
| Q4 25 | 19.0% | 48.1% | ||
| Q3 25 | 39.6% | — | ||
| Q2 25 | 39.8% | — | ||
| Q1 25 | 29.2% | — | ||
| Q4 24 | 34.3% | — | ||
| Q3 24 | 37.6% | — | ||
| Q2 24 | 32.5% | — |
净利率NBHCRMR
| Q1 26 | 16.4% | — | ||
| Q4 25 | 15.9% | 18.3% | ||
| Q3 25 | 32.4% | — | ||
| Q2 25 | 32.6% | — | ||
| Q1 25 | 23.7% | — | ||
| Q4 24 | 27.8% | — | ||
| Q3 24 | 31.2% | — | ||
| Q2 24 | 26.8% | — |
每股收益（稀释后）NBHCRMR
| Q1 26 | $0.46 | — | ||
| Q4 25 | $0.42 | $0.71 | ||
| Q3 25 | $0.92 | — | ||
| Q2 25 | $0.88 | — | ||
| Q1 25 | $0.63 | — | ||
| Q4 24 | $0.72 | — | ||
| Q3 24 | $0.86 | — | ||
| Q2 24 | $0.68 | — |
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 | $472.8M | $49.3M |
| 总债务越低越好 | $202.1M | — |
| 股东权益账面价值 | $1.7B | $232.7M |
| 总资产 | $12.6B | $687.1M |
| 负债/权益比越低杠杆越低 | 0.12× | — |
8季度趋势，按日历期对齐
现金及短期投资NBHCRMR
| Q1 26 | $472.8M | — | ||
| Q4 25 | $417.1M | $49.3M | ||
| Q3 25 | $555.6M | — | ||
| Q2 25 | $296.5M | — | ||
| Q1 25 | $246.3M | — | ||
| Q4 24 | $127.8M | — | ||
| Q3 24 | $180.8M | — | ||
| Q2 24 | $145.0M | — |
总债务NBHCRMR
| Q1 26 | $202.1M | — | ||
| Q4 25 | $54.5M | — | ||
| Q3 25 | $54.7M | — | ||
| Q2 25 | $54.4M | — | ||
| Q1 25 | $54.6M | — | ||
| Q4 24 | $54.5M | — | ||
| Q3 24 | $54.4M | — | ||
| Q2 24 | $54.4M | — |
股东权益NBHCRMR
| Q1 26 | $1.7B | — | ||
| Q4 25 | $1.4B | $232.7M | ||
| Q3 25 | $1.4B | — | ||
| Q2 25 | $1.4B | — | ||
| Q1 25 | $1.3B | — | ||
| Q4 24 | $1.3B | — | ||
| Q3 24 | $1.3B | — | ||
| Q2 24 | $1.2B | — |
总资产NBHCRMR
| Q1 26 | $12.6B | — | ||
| Q4 25 | $9.9B | $687.1M | ||
| Q3 25 | $10.2B | — | ||
| Q2 25 | $10.0B | — | ||
| Q1 25 | $10.1B | — | ||
| Q4 24 | $9.8B | — | ||
| Q3 24 | $10.0B | — | ||
| Q2 24 | $10.0B | — |
负债/权益比NBHCRMR
| Q1 26 | 0.12× | — | ||
| Q4 25 | 0.04× | — | ||
| Q3 25 | 0.04× | — | ||
| Q2 25 | 0.04× | — | ||
| Q1 25 | 0.04× | — | ||
| Q4 24 | 0.04× | — | ||
| Q3 24 | 0.04× | — | ||
| Q2 24 | 0.04× | — |
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 | — | $10.7M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | — | 0.88× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流NBHCRMR
| Q1 26 | — | — | ||
| Q4 25 | $162.4M | $10.7M | ||
| Q3 25 | $52.4M | — | ||
| Q2 25 | $32.3M | — | ||
| Q1 25 | $39.6M | — | ||
| Q4 24 | $155.3M | — | ||
| Q3 24 | $47.0M | — | ||
| Q2 24 | $31.9M | — |
现金转化率NBHCRMR
| Q1 26 | — | — | ||
| Q4 25 | 10.13× | 0.88× | ||
| Q3 25 | 1.48× | — | ||
| Q2 25 | 0.95× | — | ||
| Q1 25 | 1.64× | — | ||
| Q4 24 | 5.51× | — | ||
| Q3 24 | 1.42× | — | ||
| Q2 24 | 1.22× | — |
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
NBHC
| Net Interest Income | $108.8M | 86% |
| Noninterest Income | $18.0M | 14% |
RMR
| Management Service Incentive | $23.6M | 35% |
| Industrial Logistics Properties Trust | $15.1M | 23% |
| Managed Private Real Estate Capital | $11.1M | 17% |
| Office Properties Income Trust | $5.6M | 8% |
| Other Private Entities | $5.3M | 8% |
| RMR Residential | $3.4M | 5% |
| Sonesta International Hotels Corporation | $2.1M | 3% |
| Investment Advisory Management And Administrative Service | $1.2M | 2% |
