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NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP（NRUC）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NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP的1.3倍（$71.1M vs $53.8M），NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP净利率更高（41.6% vs 2.0%，领先39.6%），RE/MAX Holdings, Inc.同比增速更快（-1.8% vs -52.7%），NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP自由现金流更多（$105.1M vs $33.5M），过去两年NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP的营收复合增速更高（-1.5% vs -4.7%）
美国国家农村公用事业合作金融公司（CFC）是一家由成员所有的非盈利合作社，为美国农村电力合作网络提供金融产品。该公司成立于1969年，创立初衷是从资本市场筹集资金，补充美国农业部农村公用事业局面向电力合作社的贷款项目。
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。
NRUC vs RMAX — 直观对比
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $53.8M | $71.1M |
| 净利润 | $22.4M | $1.4M |
| 毛利率 | — | — |
| 营业利润率 | — | 13.1% |
| 净利率 | 41.6% | 2.0% |
| 营收同比 | -52.7% | -1.8% |
| 净利润同比 | -74.0% | -75.2% |
| 每股收益（稀释后） | — | — |
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
| Q1 26 | $53.8M | — | ||
| Q4 25 | $59.0M | $71.1M | ||
| Q3 25 | $47.3M | $73.2M | ||
| Q2 25 | $66.9M | $72.8M | ||
| Q1 25 | $113.7M | $74.5M | ||
| Q4 24 | $182.0M | $72.5M | ||
| Q3 24 | $61.7M | $78.5M | ||
| Q2 24 | — | $78.5M |
| Q1 26 | $22.4M | — | ||
| Q4 25 | $19.6M | $1.4M | ||
| Q3 25 | $4.8M | $4.0M | ||
| Q2 25 | $73.1M | $4.7M | ||
| Q1 25 | $86.0M | $-2.0M | ||
| Q4 24 | $144.4M | $5.8M | ||
| Q3 24 | $-163.8M | $966.0K | ||
| Q2 24 | — | $3.7M |
| Q1 26 | — | — | ||
| 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 26 | 41.6% | — | ||
| Q4 25 | 33.2% | 2.0% | ||
| Q3 25 | 10.1% | 5.4% | ||
| Q2 25 | 109.3% | 6.4% | ||
| Q1 25 | 75.6% | -2.6% | ||
| Q4 24 | 79.4% | 8.0% | ||
| Q3 24 | -265.7% | 1.2% | ||
| Q2 24 | — | 4.7% |
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 | $240.7M | $118.7M |
| 总债务越低越好 | $28.9B | $432.2M |
| 股东权益账面价值 | $3.1B | $452.4M |
| 总资产 | $39.9B | $582.5M |
| 负债/权益比越低杠杆越低 | 9.40× | 0.96× |
8季度趋势，按日历期对齐
| Q1 26 | $240.7M | — | ||
| Q4 25 | $304.5M | $118.7M | ||
| Q3 25 | $257.1M | $107.5M | ||
| Q2 25 | $134.7M | $94.3M | ||
| Q1 25 | $245.4M | $89.1M | ||
| Q4 24 | $347.1M | $96.6M | ||
| Q3 24 | $264.7M | $83.8M | ||
| Q2 24 | — | $66.1M |
| Q1 26 | $28.9B | — | ||
| Q4 25 | $27.3B | $432.2M | ||
| Q3 25 | $27.9B | $433.3M | ||
| Q2 25 | $27.2B | $434.4M | ||
| Q1 25 | $27.5B | $435.3M | ||
| Q4 24 | $26.7B | $436.2M | ||
| Q3 24 | $26.3B | $437.2M | ||
| Q2 24 | — | $438.1M |
| Q1 26 | $3.1B | — | ||
| Q4 25 | $3.1B | $452.4M | ||
| Q3 25 | $3.0B | $448.1M | ||
| Q2 25 | $3.1B | $442.4M | ||
| Q1 25 | $3.0B | $433.5M | ||
| Q4 24 | $2.9B | $429.5M | ||
| Q3 24 | $2.8B | $423.1M | ||
| Q2 24 | — | $418.4M |
| Q1 26 | $39.9B | — | ||
| Q4 25 | $39.1B | $582.5M | ||
| Q3 25 | $38.8B | $582.2M | ||
| Q2 25 | $38.3B | $574.8M | ||
| Q1 25 | $37.8B | $571.4M | ||
| Q4 24 | $37.1B | $581.6M | ||
| Q3 24 | $36.5B | $578.6M | ||
| Q2 24 | — | $571.4M |
| Q1 26 | 9.40× | — | ||
| Q4 25 | 8.95× | 0.96× | ||
| Q3 25 | 9.21× | 0.97× | ||
| Q2 25 | 8.81× | 0.98× | ||
| Q1 25 | 9.15× | 1.00× | ||
| Q4 24 | 9.14× | 1.02× | ||
| Q3 24 | 9.44× | 1.03× | ||
| Q2 24 | — | 1.05× |
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 | $105.6M | $40.9M |
| 自由现金流经营现金流 - 资本支出 | $105.1M | $33.5M |
| 自由现金流率自由现金流/营收 | 195.2% | 47.1% |
| 资本支出强度资本支出/营收 | 0.9% | 10.4% |
| 现金转化率经营现金流/净利润 | 4.72× | 28.39× |
| 过去12个月自由现金流最近4个季度 | $428.2M | $56.8M |
8季度趋势，按日历期对齐
| Q1 26 | $105.6M | — | ||
| Q4 25 | $38.9M | $40.9M | ||
| Q3 25 | $82.3M | $17.7M | ||
| Q2 25 | $207.5M | $4.6M | ||
| Q1 25 | $150.3M | $5.7M | ||
| Q4 24 | $63.8M | $59.7M | ||
| Q3 24 | $36.7M | $17.6M | ||
| Q2 24 | — | $15.9M |
| Q1 26 | $105.1M | — | ||
| Q4 25 | $38.3M | $33.5M | ||
| Q3 25 | $82.0M | $16.4M | ||
| Q2 25 | $202.8M | $2.9M | ||
| Q1 25 | $149.0M | $4.0M | ||
| Q4 24 | $62.7M | $53.0M | ||
| Q3 24 | $35.4M | $16.3M | ||
| Q2 24 | — | $14.0M |
| Q1 26 | 195.2% | — | ||
| Q4 25 | 64.9% | 47.1% | ||
| Q3 25 | 173.4% | 22.4% | ||
| Q2 25 | 303.1% | 4.0% | ||
| Q1 25 | 131.0% | 5.3% | ||
| Q4 24 | 34.5% | 73.2% | ||
| Q3 24 | 57.5% | 20.8% | ||
| Q2 24 | — | 17.8% |
| Q1 26 | 0.9% | — | ||
| Q4 25 | 1.1% | 10.4% | ||
| Q3 25 | 0.7% | 1.8% | ||
| Q2 25 | 7.0% | 2.2% | ||
| Q1 25 | 1.1% | 2.3% | ||
| Q4 24 | 0.6% | 9.1% | ||
| Q3 24 | 2.1% | 1.7% | ||
| Q2 24 | — | 2.4% |
| Q1 26 | 4.72× | — | ||
| Q4 25 | 1.99× | 28.39× | ||
| Q3 25 | 17.27× | 4.45× | ||
| Q2 25 | 2.84× | 0.97× | ||
| Q1 25 | 1.75× | — | ||
| Q4 24 | 0.44× | 10.28× | ||
| Q3 24 | — | 18.22× | ||
| Q2 24 | — | 4.29× |
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
NRUC
暂无分部数据
RMAX
| Franchising Segment | $50.1M | 70% |
| Broker Fees | $13.9M | 20% |
| Annual Dues | $7.4M | 10% |
