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埃克西尔能源（NINE）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
埃克西尔能源的季度营收约是RE/MAX Holdings, Inc.的1.9倍（$132.2M vs $71.1M），RE/MAX Holdings, Inc.净利率更高（2.0% vs -14.5%，领先16.6%），RE/MAX Holdings, Inc.同比增速更快（-1.8% vs -6.5%），RE/MAX Holdings, Inc.自由现金流更多（$33.5M vs $-4.8M），过去两年埃克西尔能源的营收复合增速更高（-3.6% vs -4.7%）
埃克西尔能源是一家受美国监管的电力与天然气配送企业，总部位于明尼苏达州明尼阿波利斯。截至2025年年中，公司业务覆盖八个州的部分区域，服务约390万电力客户与220万天然气客户，下设四家运营子公司，分别为明尼苏达北州电力、威斯康星北州电力、科罗拉多公共服务公司以及西南公共服务公司。
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。
NINE vs RMAX — 直观对比
营收规模更大
NINE
是对方的1.9倍
$71.1M
营收增速更快
RMAX
高出4.7%
-6.5%
净利率更高
RMAX
高出16.6%
-14.5%
自由现金流更多
RMAX
多$38.3M
$-4.8M
两年增速更快
NINE
近两年复合增速
-4.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $132.2M | $71.1M |
| 净利润 | $-19.2M | $1.4M |
| 毛利率 | — | — |
| 营业利润率 | -4.2% | 13.1% |
| 净利率 | -14.5% | 2.0% |
| 营收同比 | -6.5% | -1.8% |
| 净利润同比 | -117.4% | -75.2% |
| 每股收益（稀释后） | $-0.47 | — |
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NINERMAX
| Q4 25 | $132.2M | $71.1M | ||
| Q3 25 | $132.0M | $73.2M | ||
| Q2 25 | $147.3M | $72.8M | ||
| Q1 25 | $150.5M | $74.5M | ||
| Q4 24 | $141.4M | $72.5M | ||
| Q3 24 | $138.2M | $78.5M | ||
| Q2 24 | $132.4M | $78.5M | ||
| Q1 24 | $142.1M | $78.3M |
净利润NINERMAX
| Q4 25 | $-19.2M | $1.4M | ||
| Q3 25 | $-14.6M | $4.0M | ||
| Q2 25 | $-10.4M | $4.7M | ||
| Q1 25 | $-7.1M | $-2.0M | ||
| Q4 24 | $-8.8M | $5.8M | ||
| Q3 24 | $-10.1M | $966.0K | ||
| Q2 24 | $-14.0M | $3.7M | ||
| Q1 24 | $-8.1M | $-3.4M |
营业利润率NINERMAX
| Q4 25 | -4.2% | 13.1% | ||
| Q3 25 | -0.9% | 25.0% | ||
| Q2 25 | 2.3% | 19.3% | ||
| Q1 25 | 3.7% | 7.2% | ||
| Q4 24 | 2.5% | 5.9% | ||
| Q3 24 | 1.8% | 19.4% | ||
| Q2 24 | -1.1% | 20.6% | ||
| Q1 24 | 3.1% | 5.8% |
净利率NINERMAX
| Q4 25 | -14.5% | 2.0% | ||
| Q3 25 | -11.1% | 5.4% | ||
| Q2 25 | -7.1% | 6.4% | ||
| Q1 25 | -4.7% | -2.6% | ||
| Q4 24 | -6.3% | 8.0% | ||
| Q3 24 | -7.3% | 1.2% | ||
| Q2 24 | -10.6% | 4.7% | ||
| Q1 24 | -5.7% | -4.3% |
每股收益（稀释后）NINERMAX
| Q4 25 | $-0.47 | — | ||
| Q3 25 | $-0.35 | — | ||
| Q2 25 | $-0.25 | — | ||
| Q1 25 | $-0.18 | — | ||
| Q4 24 | $-0.21 | — | ||
| Q3 24 | $-0.26 | — | ||
| Q2 24 | $-0.40 | — | ||
| Q1 24 | $-0.24 | — |
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 | $18.4M | $118.7M |
| 总债务越低越好 | — | $432.2M |
| 股东权益账面价值 | $-115.0M | $452.4M |
| 总资产 | $339.5M | $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NINERMAX
| Q4 25 | $18.4M | $118.7M | ||
| Q3 25 | $14.4M | $107.5M | ||
| Q2 25 | $14.2M | $94.3M | ||
| Q1 25 | $17.3M | $89.1M | ||
| Q4 24 | $27.9M | $96.6M | ||
| Q3 24 | $15.7M | $83.8M | ||
| Q2 24 | $26.0M | $66.1M | ||
| Q1 24 | $10.2M | $82.1M |
总债务NINERMAX
| 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NINERMAX
| Q4 25 | $-115.0M | $452.4M | ||
| Q3 25 | $-95.9M | $448.1M | ||
| Q2 25 | $-81.7M | $442.4M | ||
| Q1 25 | $-72.1M | $433.5M | ||
| Q4 24 | $-66.1M | $429.5M | ||
| Q3 24 | $-57.6M | $423.1M | ||
| Q2 24 | $-49.7M | $418.4M | ||
| Q1 24 | $-43.3M | $412.0M |
总资产NINERMAX
| Q4 25 | $339.5M | $582.5M | ||
| Q3 25 | $340.7M | $582.2M | ||
| Q2 25 | $361.2M | $574.8M | ||
| Q1 25 | $359.2M | $571.4M | ||
| Q4 24 | $360.1M | $581.6M | ||
| Q3 24 | $353.2M | $578.6M | ||
| Q2 24 | $381.7M | $571.4M | ||
| Q1 24 | $380.4M | $566.7M |
负债/权益比NINERMAX
| 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 | $-2.2M | $40.9M |
| 自由现金流经营现金流 - 资本支出 | $-4.8M | $33.5M |
| 自由现金流率自由现金流/营收 | -3.6% | 47.1% |
| 资本支出强度资本支出/营收 | 2.0% | 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 | $-23.3M | $56.8M |
8季度趋势，按日历期对齐
经营现金流NINERMAX
| Q4 25 | $-2.2M | $40.9M | ||
| Q3 25 | $-9.9M | $17.7M | ||
| Q2 25 | $10.1M | $4.6M | ||
| Q1 25 | $-5.3M | $5.7M | ||
| Q4 24 | $15.0M | $59.7M | ||
| Q3 24 | $-5.8M | $17.6M | ||
| Q2 24 | $12.9M | $15.9M | ||
| Q1 24 | $-8.8M | $9.4M |
自由现金流NINERMAX
| Q4 25 | $-4.8M | $33.5M | ||
| Q3 25 | $-13.4M | $16.4M | ||
| Q2 25 | $4.2M | $2.9M | ||
| Q1 25 | $-9.3M | $4.0M | ||
| Q4 24 | $11.8M | $53.0M | ||
| Q3 24 | $-9.3M | $16.3M | ||
| Q2 24 | $10.3M | $14.0M | ||
| Q1 24 | $-14.3M | $6.8M |
自由现金流率NINERMAX
| Q4 25 | -3.6% | 47.1% | ||
| Q3 25 | -10.2% | 22.4% | ||
| Q2 25 | 2.9% | 4.0% | ||
| Q1 25 | -6.2% | 5.3% | ||
| Q4 24 | 8.3% | 73.2% | ||
| Q3 24 | -6.7% | 20.8% | ||
| Q2 24 | 7.7% | 17.8% | ||
| Q1 24 | -10.1% | 8.6% |
资本支出强度NINERMAX
| Q4 25 | 2.0% | 10.4% | ||
| Q3 25 | 2.6% | 1.8% | ||
| Q2 25 | 4.0% | 2.2% | ||
| Q1 25 | 2.6% | 2.3% | ||
| Q4 24 | 2.3% | 9.1% | ||
| Q3 24 | 2.5% | 1.7% | ||
| Q2 24 | 2.0% | 2.4% | ||
| Q1 24 | 3.9% | 3.3% |
现金转化率NINERMAX
| Q4 25 | — | 28.39× | ||
| Q3 25 | — | 4.45× | ||
| Q2 25 | — | 0.97× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 10.28× | ||
| Q3 24 | — | 18.22× | ||
| Q2 24 | — | 4.29× | ||
| Q1 24 | — | — |
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
NINE
| Cement | $52.6M | 40% |
| Tool Revenue | $28.6M | 22% |
| Coiled Tubing | $25.8M | 20% |
| Wireline | $25.1M | 19% |
RMAX
| Franchising Segment | $50.1M | 70% |
| Broker Fees | $13.9M | 20% |
| Annual Dues | $7.4M | 10% |
