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NACCO INDUSTRIES INC（NC）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
RE/MAX Holdings, Inc.的季度营收约是NACCO INDUSTRIES INC的1.1倍（$71.1M vs $66.8M），RE/MAX Holdings, Inc.净利率更高（2.0% vs -5.8%，领先7.8%），RE/MAX Holdings, Inc.同比增速更快（-1.8% vs -5.2%），过去两年NACCO INDUSTRIES INC的营收复合增速更高（11.9% vs -4.7%）
纳科工业是一家总部位于美国俄亥俄州克利夫兰的上市控股公司，核心业务聚焦采矿与自然资源领域，旗下划分煤炭开采、北美采矿、矿产管理三大业务板块。其中煤炭开采板块采用服务型商业模式，依据长期合约为发电企业及活性炭生产商运营露天煤矿。
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。
NC vs RMAX — 直观对比
营收规模更大
RMAX
是对方的1.1倍
$66.8M
营收增速更快
RMAX
高出3.3%
-5.2%
净利率更高
RMAX
高出7.8%
-5.8%
两年增速更快
NC
近两年复合增速
-4.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $66.8M | $71.1M |
| 净利润 | $-3.8M | $1.4M |
| 毛利率 | 18.0% | — |
| 营业利润率 | 11.3% | 13.1% |
| 净利率 | -5.8% | 2.0% |
| 营收同比 | -5.2% | -1.8% |
| 净利润同比 | -150.8% | -75.2% |
| 每股收益（稀释后） | $-0.53 | — |
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NCRMAX
| Q4 25 | $66.8M | $71.1M | ||
| Q3 25 | $76.6M | $73.2M | ||
| Q2 25 | $68.2M | $72.8M | ||
| Q1 25 | $65.6M | $74.5M | ||
| Q4 24 | $70.4M | $72.5M | ||
| Q3 24 | $61.7M | $78.5M | ||
| Q2 24 | $52.3M | $78.5M | ||
| Q1 24 | $53.3M | $78.3M |
净利润NCRMAX
| Q4 25 | $-3.8M | $1.4M | ||
| Q3 25 | $13.3M | $4.0M | ||
| Q2 25 | $3.3M | $4.7M | ||
| Q1 25 | $4.9M | $-2.0M | ||
| Q4 24 | $7.6M | $5.8M | ||
| Q3 24 | $15.6M | $966.0K | ||
| Q2 24 | $6.0M | $3.7M | ||
| Q1 24 | $4.6M | $-3.4M |
毛利率NCRMAX
| Q4 25 | 18.0% | — | ||
| Q3 25 | 13.0% | — | ||
| Q2 25 | 10.0% | — | ||
| Q1 25 | 14.7% | — | ||
| Q4 24 | 12.0% | — | ||
| Q3 24 | 11.7% | — | ||
| Q2 24 | 13.4% | — | ||
| Q1 24 | 13.2% | — |
营业利润率NCRMAX
| Q4 25 | 11.3% | 13.1% | ||
| Q3 25 | 8.8% | 25.0% | ||
| Q2 25 | -0.1% | 19.3% | ||
| Q1 25 | 11.7% | 7.2% | ||
| Q4 24 | 5.5% | 5.9% | ||
| Q3 24 | 31.9% | 19.4% | ||
| Q2 24 | 14.1% | 20.6% | ||
| Q1 24 | 8.9% | 5.8% |
净利率NCRMAX
| Q4 25 | -5.8% | 2.0% | ||
| Q3 25 | 17.3% | 5.4% | ||
| Q2 25 | 4.8% | 6.4% | ||
| Q1 25 | 7.5% | -2.6% | ||
| Q4 24 | 10.7% | 8.0% | ||
| Q3 24 | 25.4% | 1.2% | ||
| Q2 24 | 11.4% | 4.7% | ||
| Q1 24 | 8.6% | -4.3% |
每股收益（稀释后）NCRMAX
| Q4 25 | $-0.53 | — | ||
| Q3 25 | $1.78 | — | ||
| Q2 25 | $0.44 | — | ||
| Q1 25 | $0.66 | — | ||
| Q4 24 | $0.99 | — | ||
| Q3 24 | $2.14 | — | ||
| Q2 24 | $0.81 | — | ||
| Q1 24 | $0.61 | — |
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 | $49.7M | $118.7M |
| 总债务越低越好 | $100.8M | $432.2M |
| 股东权益账面价值 | $429.2M | $452.4M |
| 总资产 | $661.2M | $582.5M |
| 负债/权益比越低杠杆越低 | 0.23× | 0.96× |
8季度趋势，按日历期对齐
现金及短期投资NCRMAX
| Q4 25 | $49.7M | $118.7M | ||
| Q3 25 | $52.7M | $107.5M | ||
| Q2 25 | $49.4M | $94.3M | ||
| Q1 25 | $61.9M | $89.1M | ||
| Q4 24 | $72.8M | $96.6M | ||
| Q3 24 | $63.1M | $83.8M | ||
| Q2 24 | $62.4M | $66.1M | ||
| Q1 24 | $61.8M | $82.1M |
总债务NCRMAX
| Q4 25 | $100.8M | $432.2M | ||
| Q3 25 | — | $433.3M | ||
| Q2 25 | — | $434.4M | ||
| Q1 25 | — | $435.3M | ||
| Q4 24 | $99.4M | $436.2M | ||
| Q3 24 | — | $437.2M | ||
| Q2 24 | $29.0M | $438.1M | ||
| Q1 24 | $28.4M | $439.0M |
股东权益NCRMAX
| Q4 25 | $429.2M | $452.4M | ||
| Q3 25 | $426.4M | $448.1M | ||
| Q2 25 | $413.1M | $442.4M | ||
| Q1 25 | $409.1M | $433.5M | ||
| Q4 24 | $404.9M | $429.5M | ||
| Q3 24 | $397.3M | $423.1M | ||
| Q2 24 | $384.1M | $418.4M | ||
| Q1 24 | $381.6M | $412.0M |
总资产NCRMAX
| Q4 25 | $661.2M | $582.5M | ||
| Q3 25 | $637.6M | $582.2M | ||
| Q2 25 | $631.3M | $574.8M | ||
| Q1 25 | $634.2M | $571.4M | ||
| Q4 24 | $631.7M | $581.6M | ||
| Q3 24 | $597.4M | $578.6M | ||
| Q2 24 | $560.1M | $571.4M | ||
| Q1 24 | $538.0M | $566.7M |
负债/权益比NCRMAX
| Q4 25 | 0.23× | 0.96× | ||
| Q3 25 | — | 0.97× | ||
| Q2 25 | — | 0.98× | ||
| Q1 25 | — | 1.00× | ||
| Q4 24 | 0.25× | 1.02× | ||
| Q3 24 | — | 1.03× | ||
| Q2 24 | 0.08× | 1.05× | ||
| Q1 24 | 0.07× | 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 | $11.4M | $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NCRMAX
| Q4 25 | $11.4M | $40.9M | ||
| Q3 25 | $42.3M | $17.7M | ||
| Q2 25 | $-7.8M | $4.6M | ||
| Q1 25 | $5.0M | $5.7M | ||
| Q4 24 | $25.2M | $59.7M | ||
| Q3 24 | $2.8M | $17.6M | ||
| Q2 24 | $4.1M | $15.9M | ||
| Q1 24 | $-9.8M | $9.4M |
自由现金流NCRMAX
| Q4 25 | — | $33.5M | ||
| Q3 25 | — | $16.4M | ||
| Q2 25 | — | $2.9M | ||
| Q1 25 | — | $4.0M | ||
| Q4 24 | — | $53.0M | ||
| Q3 24 | — | $16.3M | ||
| Q2 24 | — | $14.0M | ||
| Q1 24 | — | $6.8M |
自由现金流率NCRMAX
| Q4 25 | — | 47.1% | ||
| Q3 25 | — | 22.4% | ||
| Q2 25 | — | 4.0% | ||
| Q1 25 | — | 5.3% | ||
| Q4 24 | — | 73.2% | ||
| Q3 24 | — | 20.8% | ||
| Q2 24 | — | 17.8% | ||
| Q1 24 | — | 8.6% |
资本支出强度NCRMAX
| Q4 25 | — | 10.4% | ||
| Q3 25 | — | 1.8% | ||
| Q2 25 | — | 2.2% | ||
| Q1 25 | — | 2.3% | ||
| Q4 24 | — | 9.1% | ||
| Q3 24 | — | 1.7% | ||
| Q2 24 | — | 2.4% | ||
| Q1 24 | — | 3.3% |
现金转化率NCRMAX
| Q4 25 | — | 28.39× | ||
| Q3 25 | 3.19× | 4.45× | ||
| Q2 25 | -2.39× | 0.97× | ||
| Q1 25 | 1.03× | — | ||
| Q4 24 | 3.33× | 10.28× | ||
| Q3 24 | 0.18× | 18.22× | ||
| Q2 24 | 0.68× | 4.29× | ||
| Q1 24 | -2.14× | — |
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
NC
| Transferred Over Time | $42.7M | 64% |
| Transferred At Point In Time | $24.1M | 36% |
RMAX
| Franchising Segment | $50.1M | 70% |
| Broker Fees | $13.9M | 20% |
| Annual Dues | $7.4M | 10% |
