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NATIONAL HEALTH INVESTORS INC（NHI）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
NATIONAL HEALTH INVESTORS INC的季度营收约是RE/MAX Holdings, Inc.的1.5倍（$105.8M vs $71.1M），NATIONAL HEALTH INVESTORS INC净利率更高（36.1% vs 2.0%，领先34.0%），NATIONAL HEALTH INVESTORS INC同比增速更快（23.4% vs -1.8%），RE/MAX Holdings, Inc.自由现金流更多（$33.5M vs $-57.5M），过去两年NATIONAL HEALTH INVESTORS INC的营收复合增速更高（13.9% vs -4.7%）
Oscar Health是美国营利性健康保险公司，2012年由约书亚·库什纳、凯文·纳泽米和马里奥·施洛瑟创立，总部位于纽约市。公司深耕健康保险领域，通过远程医疗、医疗专用技术界面及透明的理赔定价体系，降低患者的服务使用难度。
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。
NHI vs RMAX — 直观对比
营收规模更大
NHI
是对方的1.5倍
$71.1M
营收增速更快
NHI
高出25.2%
-1.8%
净利率更高
NHI
高出34.0%
2.0%
自由现金流更多
RMAX
多$91.0M
$-57.5M
两年增速更快
NHI
近两年复合增速
-4.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $105.8M | $71.1M |
| 净利润 | $38.2M | $1.4M |
| 毛利率 | — | — |
| 营业利润率 | — | 13.1% |
| 净利率 | 36.1% | 2.0% |
| 营收同比 | 23.4% | -1.8% |
| 净利润同比 | -11.7% | -75.2% |
| 每股收益（稀释后） | $0.80 | — |
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NHIRMAX
| Q4 25 | $105.8M | $71.1M | ||
| Q3 25 | $89.8M | $73.2M | ||
| Q2 25 | $90.7M | $72.8M | ||
| Q1 25 | $89.3M | $74.5M | ||
| Q4 24 | $85.8M | $72.5M | ||
| Q3 24 | $82.9M | $78.5M | ||
| Q2 24 | $85.0M | $78.5M | ||
| Q1 24 | $81.5M | $78.3M |
净利润NHIRMAX
| Q4 25 | $38.2M | $1.4M | ||
| Q3 25 | $32.9M | $4.0M | ||
| Q2 25 | $37.0M | $4.7M | ||
| Q1 25 | $34.2M | $-2.0M | ||
| Q4 24 | $43.2M | $5.8M | ||
| Q3 24 | $28.5M | $966.0K | ||
| Q2 24 | $35.3M | $3.7M | ||
| Q1 24 | $30.9M | $-3.4M |
营业利润率NHIRMAX
| Q4 25 | — | 13.1% | ||
| Q3 25 | — | 25.0% | ||
| Q2 25 | — | 19.3% | ||
| Q1 25 | — | 7.2% | ||
| Q4 24 | — | 5.9% | ||
| Q3 24 | — | 19.4% | ||
| Q2 24 | — | 20.6% | ||
| Q1 24 | — | 5.8% |
净利率NHIRMAX
| Q4 25 | 36.1% | 2.0% | ||
| Q3 25 | 36.6% | 5.4% | ||
| Q2 25 | 40.8% | 6.4% | ||
| Q1 25 | 38.3% | -2.6% | ||
| Q4 24 | 50.4% | 8.0% | ||
| Q3 24 | 34.4% | 1.2% | ||
| Q2 24 | 41.5% | 4.7% | ||
| Q1 24 | 38.0% | -4.3% |
每股收益（稀释后）NHIRMAX
| Q4 25 | $0.80 | — | ||
| Q3 25 | $0.69 | — | ||
| Q2 25 | $0.79 | — | ||
| Q1 25 | $0.74 | — | ||
| Q4 24 | $0.96 | — | ||
| Q3 24 | $0.65 | — | ||
| Q2 24 | $0.81 | — | ||
| Q1 24 | $0.71 | — |
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 | $19.6M | $118.7M |
| 总债务越低越好 | — | $432.2M |
| 股东权益账面价值 | $1.5B | $452.4M |
| 总资产 | $2.8B | $582.5M |
| 负债/权益比越低杠杆越低 | — | 0.96× |
8季度趋势，按日历期对齐
现金及短期投资NHIRMAX
| Q4 25 | $19.6M | $118.7M | ||
| Q3 25 | $81.6M | $107.5M | ||
| Q2 25 | $18.6M | $94.3M | ||
| Q1 25 | $135.0M | $89.1M | ||
| Q4 24 | $24.3M | $96.6M | ||
| Q3 24 | $15.6M | $83.8M | ||
| Q2 24 | $14.8M | $66.1M | ||
| Q1 24 | $11.4M | $82.1M |
总债务NHIRMAX
| 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 | ||
| Q1 24 | — | $439.0M |
股东权益NHIRMAX
| Q4 25 | $1.5B | $452.4M | ||
| Q3 25 | $1.5B | $448.1M | ||
| Q2 25 | $1.5B | $442.4M | ||
| Q1 25 | $1.4B | $433.5M | ||
| Q4 24 | $1.4B | $429.5M | ||
| Q3 24 | $1.2B | $423.1M | ||
| Q2 24 | $1.2B | $418.4M | ||
| Q1 24 | $1.2B | $412.0M |
总资产NHIRMAX
| Q4 25 | $2.8B | $582.5M | ||
| Q3 25 | $2.7B | $582.2M | ||
| Q2 25 | $2.7B | $574.8M | ||
| Q1 25 | $2.8B | $571.4M | ||
| Q4 24 | $2.6B | $581.6M | ||
| Q3 24 | $2.5B | $578.6M | ||
| Q2 24 | $2.5B | $571.4M | ||
| Q1 24 | $2.5B | $566.7M |
负债/权益比NHIRMAX
| 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× | ||
| Q1 24 | — | 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 | $236.6M | $40.9M |
| 自由现金流经营现金流 - 资本支出 | $-57.5M | $33.5M |
| 自由现金流率自由现金流/营收 | -54.3% | 47.1% |
| 资本支出强度资本支出/营收 | 277.9% | 10.4% |
| 现金转化率经营现金流/净利润 | 6.20× | 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NHIRMAX
| Q4 25 | $236.6M | $40.9M | ||
| Q3 25 | $62.5M | $17.7M | ||
| Q2 25 | $59.8M | $4.6M | ||
| Q1 25 | $46.5M | $5.7M | ||
| Q4 24 | $207.8M | $59.7M | ||
| Q3 24 | $48.6M | $17.6M | ||
| Q2 24 | $60.7M | $15.9M | ||
| Q1 24 | $40.8M | $9.4M |
自由现金流NHIRMAX
| Q4 25 | $-57.5M | $33.5M | ||
| Q3 25 | $-88.2M | $16.4M | ||
| Q2 25 | — | $2.9M | ||
| Q1 25 | — | $4.0M | ||
| Q4 24 | $49.8M | $53.0M | ||
| Q3 24 | $1.5M | $16.3M | ||
| Q2 24 | — | $14.0M | ||
| Q1 24 | — | $6.8M |
自由现金流率NHIRMAX
| Q4 25 | -54.3% | 47.1% | ||
| Q3 25 | -98.2% | 22.4% | ||
| Q2 25 | — | 4.0% | ||
| Q1 25 | — | 5.3% | ||
| Q4 24 | 58.1% | 73.2% | ||
| Q3 24 | 1.9% | 20.8% | ||
| Q2 24 | — | 17.8% | ||
| Q1 24 | — | 8.6% |
资本支出强度NHIRMAX
| Q4 25 | 277.9% | 10.4% | ||
| Q3 25 | 167.8% | 1.8% | ||
| Q2 25 | — | 2.2% | ||
| Q1 25 | — | 2.3% | ||
| Q4 24 | 184.2% | 9.1% | ||
| Q3 24 | 56.8% | 1.7% | ||
| Q2 24 | — | 2.4% | ||
| Q1 24 | — | 3.3% |
现金转化率NHIRMAX
| Q4 25 | 6.20× | 28.39× | ||
| Q3 25 | 1.90× | 4.45× | ||
| Q2 25 | 1.62× | 0.97× | ||
| Q1 25 | 1.36× | — | ||
| Q4 24 | 4.80× | 10.28× | ||
| Q3 24 | 1.70× | 18.22× | ||
| Q2 24 | 1.72× | 4.29× | ||
| Q1 24 | 1.32× | — |
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
NHI
暂无分部数据
RMAX
| Franchising Segment | $50.1M | 70% |
| Broker Fees | $13.9M | 20% |
| Annual Dues | $7.4M | 10% |
