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NPK International Inc.（NPKI）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
NPK International Inc.的季度营收约是RE/MAX Holdings, Inc.的1.1倍（$75.2M vs $71.1M），NPK International Inc.同比增速更快（30.7% vs -1.8%），RE/MAX Holdings, Inc.自由现金流更多（$33.5M vs $5.8M），过去两年NPK International Inc.的营收复合增速更高（23.9% vs -4.7%）
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。
NPKI vs RMAX — 直观对比
营收规模更大
NPKI
是对方的1.1倍
$71.1M
营收增速更快
NPKI
高出32.6%
-1.8%
自由现金流更多
RMAX
多$27.8M
$5.8M
两年增速更快
NPKI
近两年复合增速
-4.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $75.2M | $71.1M |
| 净利润 | — | $1.4M |
| 毛利率 | 37.7% | — |
| 营业利润率 | 16.7% | 13.1% |
| 净利率 | — | 2.0% |
| 营收同比 | 30.7% | -1.8% |
| 净利润同比 | — | -75.2% |
| 每股收益（稀释后） | $0.17 | — |
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NPKIRMAX
| Q4 25 | $75.2M | $71.1M | ||
| Q3 25 | $68.8M | $73.2M | ||
| Q2 25 | $68.2M | $72.8M | ||
| Q1 25 | $64.8M | $74.5M | ||
| Q4 24 | $57.5M | $72.5M | ||
| Q3 24 | $44.2M | $78.5M | ||
| Q2 24 | $66.8M | $78.5M | ||
| Q1 24 | $49.0M | $78.3M |
净利润NPKIRMAX
| Q4 25 | — | $1.4M | ||
| Q3 25 | $5.7M | $4.0M | ||
| Q2 25 | $8.7M | $4.7M | ||
| Q1 25 | $10.0M | $-2.0M | ||
| Q4 24 | — | $5.8M | ||
| Q3 24 | $-174.3M | $966.0K | ||
| Q2 24 | $8.0M | $3.7M | ||
| Q1 24 | $7.3M | $-3.4M |
毛利率NPKIRMAX
| Q4 25 | 37.7% | — | ||
| Q3 25 | 31.9% | — | ||
| Q2 25 | 36.9% | — | ||
| Q1 25 | 39.0% | — | ||
| Q4 24 | 39.2% | — | ||
| Q3 24 | 27.5% | — | ||
| Q2 24 | 37.2% | — | ||
| Q1 24 | 36.0% | — |
营业利润率NPKIRMAX
| Q4 25 | 16.7% | 13.1% | ||
| Q3 25 | 13.2% | 25.0% | ||
| Q2 25 | 17.0% | 19.3% | ||
| Q1 25 | 20.9% | 7.2% | ||
| Q4 24 | 20.2% | 5.9% | ||
| Q3 24 | 2.8% | 19.4% | ||
| Q2 24 | 18.7% | 20.6% | ||
| Q1 24 | 14.2% | 5.8% |
净利率NPKIRMAX
| Q4 25 | — | 2.0% | ||
| Q3 25 | 8.2% | 5.4% | ||
| Q2 25 | 12.7% | 6.4% | ||
| Q1 25 | 15.4% | -2.6% | ||
| Q4 24 | — | 8.0% | ||
| Q3 24 | -394.3% | 1.2% | ||
| Q2 24 | 12.0% | 4.7% | ||
| Q1 24 | 14.9% | -4.3% |
每股收益（稀释后）NPKIRMAX
| Q4 25 | $0.17 | — | ||
| Q3 25 | $0.07 | — | ||
| Q2 25 | $0.10 | — | ||
| Q1 25 | $0.11 | — | ||
| Q4 24 | $0.10 | — | ||
| Q3 24 | $-1.99 | — | ||
| Q2 24 | $0.09 | — | ||
| Q1 24 | $0.08 | — |
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 | $5.1M | $118.7M |
| 总债务越低越好 | $16.9M | $432.2M |
| 股东权益账面价值 | $351.2M | $452.4M |
| 总资产 | $441.8M | $582.5M |
| 负债/权益比越低杠杆越低 | 0.05× | 0.96× |
8季度趋势，按日历期对齐
现金及短期投资NPKIRMAX
| Q4 25 | $5.1M | $118.7M | ||
| Q3 25 | $35.6M | $107.5M | ||
| Q2 25 | $26.0M | $94.3M | ||
| Q1 25 | $20.8M | $89.1M | ||
| Q4 24 | $17.8M | $96.6M | ||
| Q3 24 | $42.9M | $83.8M | ||
| Q2 24 | $35.1M | $66.1M | ||
| Q1 24 | $37.7M | $82.1M |
总债务NPKIRMAX
| Q4 25 | $16.9M | $432.2M | ||
| Q3 25 | $9.5M | $433.3M | ||
| Q2 25 | $9.3M | $434.4M | ||
| Q1 25 | $8.1M | $435.3M | ||
| Q4 24 | $7.7M | $436.2M | ||
| Q3 24 | $14.0M | $437.2M | ||
| Q2 24 | $58.0M | $438.1M | ||
| Q1 24 | $77.4M | $439.0M |
股东权益NPKIRMAX
| Q4 25 | $351.2M | $452.4M | ||
| Q3 25 | $333.9M | $448.1M | ||
| Q2 25 | $328.8M | $442.4M | ||
| Q1 25 | $326.9M | $433.5M | ||
| Q4 24 | $326.5M | $429.5M | ||
| Q3 24 | $316.5M | $423.1M | ||
| Q2 24 | $426.6M | $418.4M | ||
| Q1 24 | $421.6M | $412.0M |
总资产NPKIRMAX
| Q4 25 | $441.8M | $582.5M | ||
| Q3 25 | $404.5M | $582.2M | ||
| Q2 25 | $393.7M | $574.8M | ||
| Q1 25 | $390.0M | $571.4M | ||
| Q4 24 | $393.7M | $581.6M | ||
| Q3 24 | $389.6M | $578.6M | ||
| Q2 24 | $624.8M | $571.4M | ||
| Q1 24 | $640.8M | $566.7M |
负债/权益比NPKIRMAX
| Q4 25 | 0.05× | 0.96× | ||
| Q3 25 | 0.03× | 0.97× | ||
| Q2 25 | 0.03× | 0.98× | ||
| Q1 25 | 0.02× | 1.00× | ||
| Q4 24 | 0.02× | 1.02× | ||
| Q3 24 | 0.04× | 1.03× | ||
| Q2 24 | 0.14× | 1.05× | ||
| Q1 24 | 0.18× | 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 | $18.0M | $40.9M |
| 自由现金流经营现金流 - 资本支出 | $5.8M | $33.5M |
| 自由现金流率自由现金流/营收 | 7.6% | 47.1% |
| 资本支出强度资本支出/营收 | 16.3% | 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 | $26.3M | $56.8M |
8季度趋势，按日历期对齐
经营现金流NPKIRMAX
| Q4 25 | $18.0M | $40.9M | ||
| Q3 25 | $24.7M | $17.7M | ||
| Q2 25 | $21.4M | $4.6M | ||
| Q1 25 | $8.8M | $5.7M | ||
| Q4 24 | $-4.1M | $59.7M | ||
| Q3 24 | $2.8M | $17.6M | ||
| Q2 24 | $27.6M | $15.9M | ||
| Q1 24 | $11.9M | $9.4M |
自由现金流NPKIRMAX
| Q4 25 | $5.8M | $33.5M | ||
| Q3 25 | $12.0M | $16.4M | ||
| Q2 25 | $9.7M | $2.9M | ||
| Q1 25 | $-1.2M | $4.0M | ||
| Q4 24 | $-17.7M | $53.0M | ||
| Q3 24 | $-6.7M | $16.3M | ||
| Q2 24 | $21.0M | $14.0M | ||
| Q1 24 | $-1.9M | $6.8M |
自由现金流率NPKIRMAX
| Q4 25 | 7.6% | 47.1% | ||
| Q3 25 | 17.4% | 22.4% | ||
| Q2 25 | 14.3% | 4.0% | ||
| Q1 25 | -1.8% | 5.3% | ||
| Q4 24 | -30.8% | 73.2% | ||
| Q3 24 | -15.2% | 20.8% | ||
| Q2 24 | 31.4% | 17.8% | ||
| Q1 24 | -3.9% | 8.6% |
资本支出强度NPKIRMAX
| Q4 25 | 16.3% | 10.4% | ||
| Q3 25 | 18.5% | 1.8% | ||
| Q2 25 | 17.1% | 2.2% | ||
| Q1 25 | 15.5% | 2.3% | ||
| Q4 24 | 23.6% | 9.1% | ||
| Q3 24 | 21.4% | 1.7% | ||
| Q2 24 | 9.9% | 2.4% | ||
| Q1 24 | 28.3% | 3.3% |
现金转化率NPKIRMAX
| Q4 25 | — | 28.39× | ||
| Q3 25 | 4.37× | 4.45× | ||
| Q2 25 | 2.47× | 0.97× | ||
| Q1 25 | 0.88× | — | ||
| Q4 24 | — | 10.28× | ||
| Q3 24 | — | 18.22× | ||
| Q2 24 | 3.43× | 4.29× | ||
| Q1 24 | 1.64× | — |
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
NPKI
| Rental Revenue | $34.8M | 46% |
| Products | $25.5M | 34% |
| Services | $14.9M | 20% |
RMAX
| Franchising Segment | $50.1M | 70% |
| Broker Fees | $13.9M | 20% |
| Annual Dues | $7.4M | 10% |
