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NETSTREIT Corp.（NTST）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NETSTREIT Corp.的1.2倍（$71.1M vs $57.1M），NETSTREIT Corp.净利率更高（10.0% vs 2.0%，领先8.0%），NETSTREIT Corp.同比增速更快（24.3% vs -1.8%），过去两年NETSTREIT Corp.的营收复合增速更高（20.1% vs -4.7%）
NETSTREIT Corp.是一家总部位于美国的房地产投资信托（REIT），专注于收购和运营多元化的单租户净租赁商业物业组合，资产涵盖零售、工业、办公类别，主要服务于美国市场的投资级企业租户。
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。
NTST vs RMAX — 直观对比
营收规模更大
RMAX
是对方的1.2倍
$57.1M
营收增速更快
NTST
高出26.1%
-1.8%
净利率更高
NTST
高出8.0%
2.0%
两年增速更快
NTST
近两年复合增速
-4.7%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $57.1M | $71.1M |
| 净利润 | $5.7M | $1.4M |
| 毛利率 | — | — |
| 营业利润率 | 34.1% | 13.1% |
| 净利率 | 10.0% | 2.0% |
| 营收同比 | 24.3% | -1.8% |
| 净利润同比 | 235.9% | -75.2% |
| 每股收益（稀释后） | $0.32 | — |
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NTSTRMAX
| Q1 26 | $57.1M | — | ||
| Q4 25 | $52.5M | $71.1M | ||
| Q3 25 | $48.3M | $73.2M | ||
| Q2 25 | $48.3M | $72.8M | ||
| Q1 25 | $45.9M | $74.5M | ||
| Q4 24 | $44.1M | $72.5M | ||
| Q3 24 | $41.4M | $78.5M | ||
| Q2 24 | $39.6M | $78.5M |
净利润NTSTRMAX
| Q1 26 | $5.7M | — | ||
| Q4 25 | $1.3M | $1.4M | ||
| Q3 25 | $618.0K | $4.0M | ||
| Q2 25 | $3.3M | $4.7M | ||
| Q1 25 | $1.7M | $-2.0M | ||
| Q4 24 | $-5.4M | $5.8M | ||
| Q3 24 | $-5.3M | $966.0K | ||
| Q2 24 | $-2.3M | $3.7M |
营业利润率NTSTRMAX
| Q1 26 | 34.1% | — | ||
| Q4 25 | 2.6% | 13.1% | ||
| Q3 25 | 1.3% | 25.0% | ||
| Q2 25 | 6.8% | 19.3% | ||
| Q1 25 | 3.7% | 7.2% | ||
| Q4 24 | -12.3% | 5.9% | ||
| Q3 24 | -12.8% | 19.4% | ||
| Q2 24 | -5.8% | 20.6% |
净利率NTSTRMAX
| Q1 26 | 10.0% | — | ||
| Q4 25 | 2.5% | 2.0% | ||
| Q3 25 | 1.3% | 5.4% | ||
| Q2 25 | 6.8% | 6.4% | ||
| Q1 25 | 3.7% | -2.6% | ||
| Q4 24 | -12.3% | 8.0% | ||
| Q3 24 | -12.8% | 1.2% | ||
| Q2 24 | -5.8% | 4.7% |
每股收益（稀释后）NTSTRMAX
| Q1 26 | $0.32 | — | ||
| Q4 25 | $0.01 | — | ||
| Q3 25 | $0.01 | — | ||
| Q2 25 | $0.04 | — | ||
| Q1 25 | $0.02 | — | ||
| Q4 24 | $-0.07 | — | ||
| Q3 24 | $-0.07 | — | ||
| Q2 24 | $-0.03 | — |
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 | — | $118.7M |
| 总债务越低越好 | — | $432.2M |
| 股东权益账面价值 | $1.5B | $452.4M |
| 总资产 | $2.8B | $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NTSTRMAX
| Q1 26 | — | — | ||
| Q4 25 | — | $118.7M | ||
| Q3 25 | — | $107.5M | ||
| Q2 25 | — | $94.3M | ||
| Q1 25 | — | $89.1M | ||
| Q4 24 | — | $96.6M | ||
| Q3 24 | — | $83.8M | ||
| Q2 24 | — | $66.1M |
总债务NTSTRMAX
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $432.2M | ||
| Q3 25 | $1.1B | $433.3M | ||
| Q2 25 | $926.6M | $434.4M | ||
| Q1 25 | $913.3M | $435.3M | ||
| Q4 24 | $868.3M | $436.2M | ||
| Q3 24 | $778.7M | $437.2M | ||
| Q2 24 | $726.2M | $438.1M |
股东权益NTSTRMAX
| Q1 26 | $1.5B | — | ||
| Q4 25 | $1.4B | $452.4M | ||
| Q3 25 | $1.3B | $448.1M | ||
| Q2 25 | $1.3B | $442.4M | ||
| Q1 25 | $1.3B | $433.5M | ||
| Q4 24 | $1.3B | $429.5M | ||
| Q3 24 | $1.3B | $423.1M | ||
| Q2 24 | $1.3B | $418.4M |
总资产NTSTRMAX
| Q1 26 | $2.8B | — | ||
| Q4 25 | $2.6B | $582.5M | ||
| Q3 25 | $2.5B | $582.2M | ||
| Q2 25 | $2.3B | $574.8M | ||
| Q1 25 | $2.3B | $571.4M | ||
| Q4 24 | $2.3B | $581.6M | ||
| Q3 24 | $2.2B | $578.6M | ||
| Q2 24 | $2.1B | $571.4M |
负债/权益比NTSTRMAX
| Q1 26 | — | — | ||
| Q4 25 | 0.76× | 0.96× | ||
| Q3 25 | 0.84× | 0.97× | ||
| Q2 25 | 0.70× | 0.98× | ||
| Q1 25 | 0.70× | 1.00× | ||
| Q4 24 | 0.65× | 1.02× | ||
| Q3 24 | 0.58× | 1.03× | ||
| Q2 24 | 0.55× | 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 | — | $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 | — | 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NTSTRMAX
| Q1 26 | — | — | ||
| Q4 25 | $109.5M | $40.9M | ||
| Q3 25 | $28.0M | $17.7M | ||
| Q2 25 | $30.6M | $4.6M | ||
| Q1 25 | $22.1M | $5.7M | ||
| Q4 24 | $90.2M | $59.7M | ||
| Q3 24 | $25.1M | $17.6M | ||
| Q2 24 | $25.4M | $15.9M |
自由现金流NTSTRMAX
| Q1 26 | — | — | ||
| Q4 25 | — | $33.5M | ||
| Q3 25 | — | $16.4M | ||
| Q2 25 | — | $2.9M | ||
| Q1 25 | — | $4.0M | ||
| Q4 24 | — | $53.0M | ||
| Q3 24 | — | $16.3M | ||
| Q2 24 | — | $14.0M |
自由现金流率NTSTRMAX
| Q1 26 | — | — | ||
| Q4 25 | — | 47.1% | ||
| Q3 25 | — | 22.4% | ||
| Q2 25 | — | 4.0% | ||
| Q1 25 | — | 5.3% | ||
| Q4 24 | — | 73.2% | ||
| Q3 24 | — | 20.8% | ||
| Q2 24 | — | 17.8% |
资本支出强度NTSTRMAX
| Q1 26 | — | — | ||
| Q4 25 | — | 10.4% | ||
| Q3 25 | — | 1.8% | ||
| Q2 25 | — | 2.2% | ||
| Q1 25 | — | 2.3% | ||
| Q4 24 | — | 9.1% | ||
| Q3 24 | — | 1.7% | ||
| Q2 24 | — | 2.4% |
现金转化率NTSTRMAX
| Q1 26 | — | — | ||
| Q4 25 | 82.46× | 28.39× | ||
| Q3 25 | 45.27× | 4.45× | ||
| Q2 25 | 9.36× | 0.97× | ||
| Q1 25 | 13.06× | — | ||
| Q4 24 | — | 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
NTST
| Rental revenue (including reimbursable) | $54.0M | 95% |
| Other | $3.0M | 5% |
RMAX
| Franchising Segment | $50.1M | 70% |
| Broker Fees | $13.9M | 20% |
| Annual Dues | $7.4M | 10% |
