vs
NN INC（NNBR）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
NN INC的季度营收约是RE/MAX Holdings, Inc.的1.5倍（$104.7M vs $71.1M），RE/MAX Holdings, Inc.净利率更高（2.0% vs -12.0%，领先14.0%），NN INC同比增速更快（-1.7% vs -1.8%），RE/MAX Holdings, Inc.自由现金流更多（$33.5M vs $-3.3M），过去两年RE/MAX Holdings, Inc.的营收复合增速更高（-4.7% vs -7.0%）
NN集团是NN投资伙伴与荷兰国家保险的母公司，旗下荷兰国家保险是荷兰规模最大的保险与资产管理机构之一。集团总部设于荷兰海牙，鹿特丹办事处坐落于代尔夫特门大厦，该大厦2009年之前一直是荷兰最高摩天楼，除此之外集团在荷兰埃德也设有办事处。
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。
NNBR vs RMAX — 直观对比
营收规模更大
NNBR
是对方的1.5倍
$71.1M
营收增速更快
NNBR
高出0.1%
-1.8%
净利率更高
RMAX
高出14.0%
-12.0%
自由现金流更多
RMAX
多$36.8M
$-3.3M
两年增速更快
RMAX
近两年复合增速
-7.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $104.7M | $71.1M |
| 净利润 | $-12.5M | $1.4M |
| 毛利率 | — | — |
| 营业利润率 | -9.9% | 13.1% |
| 净利率 | -12.0% | 2.0% |
| 营收同比 | -1.7% | -1.8% |
| 净利润同比 | 40.2% | -75.2% |
| 每股收益（稀释后） | $-0.35 | — |
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NNBRRMAX
| Q4 25 | $104.7M | $71.1M | ||
| Q3 25 | $103.9M | $73.2M | ||
| Q2 25 | $107.9M | $72.8M | ||
| Q1 25 | $105.7M | $74.5M | ||
| Q4 24 | $106.5M | $72.5M | ||
| Q3 24 | $113.6M | $78.5M | ||
| Q2 24 | $123.0M | $78.5M | ||
| Q1 24 | $121.2M | $78.3M |
净利润NNBRRMAX
| Q4 25 | $-12.5M | $1.4M | ||
| Q3 25 | $-6.7M | $4.0M | ||
| Q2 25 | $-8.1M | $4.7M | ||
| Q1 25 | $-6.7M | $-2.0M | ||
| Q4 24 | $-21.0M | $5.8M | ||
| Q3 24 | $-2.6M | $966.0K | ||
| Q2 24 | $-2.2M | $3.7M | ||
| Q1 24 | $-12.5M | $-3.4M |
营业利润率NNBRRMAX
| Q4 25 | -9.9% | 13.1% | ||
| Q3 25 | -2.2% | 25.0% | ||
| Q2 25 | -1.4% | 19.3% | ||
| Q1 25 | -4.5% | 7.2% | ||
| Q4 24 | -15.8% | 5.9% | ||
| Q3 24 | -3.3% | 19.4% | ||
| Q2 24 | -1.7% | 20.6% | ||
| Q1 24 | -3.9% | 5.8% |
净利率NNBRRMAX
| Q4 25 | -12.0% | 2.0% | ||
| Q3 25 | -6.4% | 5.4% | ||
| Q2 25 | -7.5% | 6.4% | ||
| Q1 25 | -6.3% | -2.6% | ||
| Q4 24 | -19.7% | 8.0% | ||
| Q3 24 | -2.3% | 1.2% | ||
| Q2 24 | -1.8% | 4.7% | ||
| Q1 24 | -10.3% | -4.3% |
每股收益（稀释后）NNBRRMAX
| Q4 25 | $-0.35 | — | ||
| Q3 25 | $-0.23 | — | ||
| Q2 25 | $-0.26 | — | ||
| Q1 25 | $-0.23 | — | ||
| Q4 24 | $-0.52 | — | ||
| Q3 24 | $-0.13 | — | ||
| Q2 24 | $-0.12 | — | ||
| Q1 24 | $-0.34 | — |
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 | $11.4M | $118.7M |
| 总债务越低越好 | — | $432.2M |
| 股东权益账面价值 | $34.0M | $452.4M |
| 总资产 | $440.8M | $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NNBRRMAX
| Q4 25 | $11.4M | $118.7M | ||
| Q3 25 | $12.2M | $107.5M | ||
| Q2 25 | $9.5M | $94.3M | ||
| Q1 25 | $11.7M | $89.1M | ||
| Q4 24 | $18.1M | $96.6M | ||
| Q3 24 | $12.4M | $83.8M | ||
| Q2 24 | $13.7M | $66.1M | ||
| Q1 24 | $20.6M | $82.1M |
总债务NNBRRMAX
| 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NNBRRMAX
| Q4 25 | $34.0M | $452.4M | ||
| Q3 25 | $49.6M | $448.1M | ||
| Q2 25 | $59.5M | $442.4M | ||
| Q1 25 | $67.3M | $433.5M | ||
| Q4 24 | $74.5M | $429.5M | ||
| Q3 24 | $106.6M | $423.1M | ||
| Q2 24 | $108.4M | $418.4M | ||
| Q1 24 | $116.1M | $412.0M |
总资产NNBRRMAX
| Q4 25 | $440.8M | $582.5M | ||
| Q3 25 | $451.0M | $582.2M | ||
| Q2 25 | $460.8M | $574.8M | ||
| Q1 25 | $460.7M | $571.4M | ||
| Q4 24 | $456.9M | $581.6M | ||
| Q3 24 | $483.1M | $578.6M | ||
| Q2 24 | $497.2M | $571.4M | ||
| Q1 24 | $512.8M | $566.7M |
负债/权益比NNBRRMAX
| 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 | $-1.5M | $40.9M |
| 自由现金流经营现金流 - 资本支出 | $-3.3M | $33.5M |
| 自由现金流率自由现金流/营收 | -3.2% | 47.1% |
| 资本支出强度资本支出/营收 | 1.8% | 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 | $-7.2M | $56.8M |
8季度趋势，按日历期对齐
经营现金流NNBRRMAX
| Q4 25 | $-1.5M | $40.9M | ||
| Q3 25 | $11.2M | $17.7M | ||
| Q2 25 | $-696.0K | $4.6M | ||
| Q1 25 | $-3.3M | $5.7M | ||
| Q4 24 | $6.7M | $59.7M | ||
| Q3 24 | $5.0M | $17.6M | ||
| Q2 24 | $-1.3M | $15.9M | ||
| Q1 24 | $712.0K | $9.4M |
自由现金流NNBRRMAX
| Q4 25 | $-3.3M | $33.5M | ||
| Q3 25 | $7.7M | $16.4M | ||
| Q2 25 | $-4.4M | $2.9M | ||
| Q1 25 | $-7.3M | $4.0M | ||
| Q4 24 | $3.7M | $53.0M | ||
| Q3 24 | $-1.3M | $16.3M | ||
| Q2 24 | $-4.9M | $14.0M | ||
| Q1 24 | $-4.7M | $6.8M |
自由现金流率NNBRRMAX
| Q4 25 | -3.2% | 47.1% | ||
| Q3 25 | 7.4% | 22.4% | ||
| Q2 25 | -4.1% | 4.0% | ||
| Q1 25 | -6.9% | 5.3% | ||
| Q4 24 | 3.5% | 73.2% | ||
| Q3 24 | -1.2% | 20.8% | ||
| Q2 24 | -4.0% | 17.8% | ||
| Q1 24 | -3.9% | 8.6% |
资本支出强度NNBRRMAX
| Q4 25 | 1.8% | 10.4% | ||
| Q3 25 | 3.3% | 1.8% | ||
| Q2 25 | 3.4% | 2.2% | ||
| Q1 25 | 3.7% | 2.3% | ||
| Q4 24 | 2.8% | 9.1% | ||
| Q3 24 | 5.5% | 1.7% | ||
| Q2 24 | 2.9% | 2.4% | ||
| Q1 24 | 4.5% | 3.3% |
现金转化率NNBRRMAX
| 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
NNBR
| Automotive | $53.1M | 51% |
| Power Solutions | $45.5M | 43% |
| Other End Market | $4.7M | 4% |
RMAX
| Franchising Segment | $50.1M | 70% |
| Broker Fees | $13.9M | 20% |
| Annual Dues | $7.4M | 10% |
