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NI Holdings, Inc.（NODK）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NI Holdings, Inc.的1.2倍（$71.1M vs $61.0M），RE/MAX Holdings, Inc.净利率更高（2.0% vs -5.2%，领先7.2%），RE/MAX Holdings, Inc.同比增速更快（-1.8% vs -17.5%），过去两年RE/MAX Holdings, Inc.的营收复合增速更高（-4.7% vs -9.5%）
NI Holdings, Inc.是一家总部位于美国的保险控股企业，核心业务为提供财产及意外伤害保险产品，覆盖个人车险、家庭财产险、小型商业保险等品类，服务美国多州的个人消费者及小微企业客户。
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。
NODK vs RMAX — 直观对比
营收规模更大
RMAX
是对方的1.2倍
$61.0M
营收增速更快
RMAX
高出15.6%
-17.5%
净利率更高
RMAX
高出7.2%
-5.2%
两年增速更快
RMAX
近两年复合增速
-9.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $61.0M | $71.1M |
| 净利润 | $-3.2M | $1.4M |
| 毛利率 | 30.8% | — |
| 营业利润率 | -4.7% | 13.1% |
| 净利率 | -5.2% | 2.0% |
| 营收同比 | -17.5% | -1.8% |
| 净利润同比 | -132.0% | -75.2% |
| 每股收益（稀释后） | $-0.16 | — |
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NODKRMAX
| Q4 25 | $61.0M | $71.1M | ||
| Q3 25 | $76.6M | $73.2M | ||
| Q2 25 | $76.1M | $72.8M | ||
| Q1 25 | $71.4M | $74.5M | ||
| Q4 24 | $73.9M | $72.5M | ||
| Q3 24 | $89.0M | $78.5M | ||
| Q2 24 | $87.8M | $78.5M | ||
| Q1 24 | $74.5M | $78.3M |
净利润NODKRMAX
| Q4 25 | $-3.2M | $1.4M | ||
| Q3 25 | $-1.7M | $4.0M | ||
| Q2 25 | $-12.1M | $4.7M | ||
| Q1 25 | $6.5M | $-2.0M | ||
| Q4 24 | $9.8M | $5.8M | ||
| Q3 24 | $-2.7M | $966.0K | ||
| Q2 24 | $-19.6M | $3.7M | ||
| Q1 24 | $6.4M | $-3.4M |
毛利率NODKRMAX
| Q4 25 | 30.8% | — | ||
| Q3 25 | 20.5% | — | ||
| Q2 25 | 8.4% | — | ||
| Q1 25 | 40.6% | — | ||
| Q4 24 | 52.7% | — | ||
| Q3 24 | 20.4% | — | ||
| Q2 24 | 18.0% | — | ||
| Q1 24 | 39.9% | — |
营业利润率NODKRMAX
| Q4 25 | -4.7% | 13.1% | ||
| Q3 25 | -2.4% | 25.0% | ||
| Q2 25 | -20.1% | 19.3% | ||
| Q1 25 | 10.8% | 7.2% | ||
| Q4 24 | 18.7% | 5.9% | ||
| Q3 24 | -3.9% | 19.4% | ||
| Q2 24 | -10.3% | 20.6% | ||
| Q1 24 | 11.9% | 5.8% |
净利率NODKRMAX
| Q4 25 | -5.2% | 2.0% | ||
| Q3 25 | -2.2% | 5.4% | ||
| Q2 25 | -15.8% | 6.4% | ||
| Q1 25 | 9.0% | -2.6% | ||
| Q4 24 | 13.3% | 8.0% | ||
| Q3 24 | -3.0% | 1.2% | ||
| Q2 24 | -22.3% | 4.7% | ||
| Q1 24 | 8.6% | -4.3% |
每股收益（稀释后）NODKRMAX
| Q4 25 | $-0.16 | — | ||
| Q3 25 | $-0.08 | — | ||
| Q2 25 | $-0.57 | — | ||
| Q1 25 | $0.31 | — | ||
| Q4 24 | $0.48 | — | ||
| Q3 24 | $-0.13 | — | ||
| Q2 24 | $-0.94 | — | ||
| Q1 24 | $0.30 | — |
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 | $52.2M | $118.7M |
| 总债务越低越好 | $2.4M | $432.2M |
| 股东权益账面价值 | $240.3M | $452.4M |
| 总资产 | $506.0M | $582.5M |
| 负债/权益比越低杠杆越低 | 0.01× | 0.96× |
8季度趋势，按日历期对齐
现金及短期投资NODKRMAX
| Q4 25 | $52.2M | $118.7M | ||
| Q3 25 | $24.7M | $107.5M | ||
| Q2 25 | $56.8M | $94.3M | ||
| Q1 25 | $57.2M | $89.1M | ||
| Q4 24 | $51.4M | $96.6M | ||
| Q3 24 | $39.1M | $83.8M | ||
| Q2 24 | $51.4M | $66.1M | ||
| Q1 24 | $68.5M | $82.1M |
总债务NODKRMAX
| Q4 25 | $2.4M | $432.2M | ||
| Q3 25 | $2.4M | $433.3M | ||
| Q2 25 | — | $434.4M | ||
| Q1 25 | — | $435.3M | ||
| Q4 24 | $2.4M | $436.2M | ||
| Q3 24 | $2.4M | $437.2M | ||
| Q2 24 | $2.4M | $438.1M | ||
| Q1 24 | $2.4M | $439.0M |
股东权益NODKRMAX
| Q4 25 | $240.3M | $452.4M | ||
| Q3 25 | $243.8M | $448.1M | ||
| Q2 25 | $243.3M | $442.4M | ||
| Q1 25 | $254.0M | $433.5M | ||
| Q4 24 | $244.6M | $429.5M | ||
| Q3 24 | $241.4M | $423.1M | ||
| Q2 24 | $236.1M | $418.4M | ||
| Q1 24 | $255.8M | $412.0M |
总资产NODKRMAX
| Q4 25 | $506.0M | $582.5M | ||
| Q3 25 | $543.8M | $582.2M | ||
| Q2 25 | $620.1M | $574.8M | ||
| Q1 25 | $525.4M | $571.4M | ||
| Q4 24 | $526.5M | $581.6M | ||
| Q3 24 | $559.9M | $578.6M | ||
| Q2 24 | $571.0M | $571.4M | ||
| Q1 24 | $674.5M | $566.7M |
负债/权益比NODKRMAX
| Q4 25 | 0.01× | 0.96× | ||
| Q3 25 | 0.01× | 0.97× | ||
| Q2 25 | — | 0.98× | ||
| Q1 25 | — | 1.00× | ||
| Q4 24 | 0.01× | 1.02× | ||
| Q3 24 | 0.01× | 1.03× | ||
| Q2 24 | 0.01× | 1.05× | ||
| Q1 24 | 0.01× | 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 | $13.2M | $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 | 0.0% | 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 | — | $56.8M |
8季度趋势，按日历期对齐
经营现金流NODKRMAX
| Q4 25 | $13.2M | $40.9M | ||
| Q3 25 | $-44.8M | $17.7M | ||
| Q2 25 | $6.4M | $4.6M | ||
| Q1 25 | $9.9M | $5.7M | ||
| Q4 24 | $21.7M | $59.7M | ||
| Q3 24 | $-18.0M | $17.6M | ||
| Q2 24 | $18.1M | $15.9M | ||
| Q1 24 | $16.7M | $9.4M |
自由现金流NODKRMAX
| Q4 25 | — | $33.5M | ||
| Q3 25 | $-44.8M | $16.4M | ||
| Q2 25 | $6.2M | $2.9M | ||
| Q1 25 | $9.9M | $4.0M | ||
| Q4 24 | $21.5M | $53.0M | ||
| Q3 24 | $-18.1M | $16.3M | ||
| Q2 24 | $17.5M | $14.0M | ||
| Q1 24 | $16.6M | $6.8M |
自由现金流率NODKRMAX
| Q4 25 | — | 47.1% | ||
| Q3 25 | -58.6% | 22.4% | ||
| Q2 25 | 8.2% | 4.0% | ||
| Q1 25 | 13.8% | 5.3% | ||
| Q4 24 | 29.1% | 73.2% | ||
| Q3 24 | -20.4% | 20.8% | ||
| Q2 24 | 20.0% | 17.8% | ||
| Q1 24 | 22.3% | 8.6% |
资本支出强度NODKRMAX
| Q4 25 | 0.0% | 10.4% | ||
| Q3 25 | 0.0% | 1.8% | ||
| Q2 25 | 0.2% | 2.2% | ||
| Q1 25 | 0.0% | 2.3% | ||
| Q4 24 | 0.3% | 9.1% | ||
| Q3 24 | 0.2% | 1.7% | ||
| Q2 24 | 0.7% | 2.4% | ||
| Q1 24 | 0.1% | 3.3% |
现金转化率NODKRMAX
| Q4 25 | — | 28.39× | ||
| Q3 25 | — | 4.45× | ||
| Q2 25 | — | 0.97× | ||
| Q1 25 | 1.53× | — | ||
| Q4 24 | 2.21× | 10.28× | ||
| Q3 24 | — | 18.22× | ||
| Q2 24 | — | 4.29× | ||
| Q1 24 | 2.60× | — |
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
NODK
暂无分部数据
RMAX
| Franchising Segment | $50.1M | 70% |
| Broker Fees | $13.9M | 20% |
| Annual Dues | $7.4M | 10% |
