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Offerpad Solutions Inc.（OPAD）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
Offerpad Solutions Inc.的季度营收约是RE/MAX Holdings, Inc.的1.6倍（$114.1M vs $71.1M），RE/MAX Holdings, Inc.同比增速更快（-1.8% vs -34.5%），Offerpad Solutions Inc.自由现金流更多（$65.7M vs $33.5M），过去两年RE/MAX Holdings, Inc.的营收复合增速更高（-4.7% vs -36.8%）
Offerpad Solutions Inc是美国知名房地产科技企业，专注于简化住宅房产交易流程，采用iBuyer模式直接向卖家收购房屋，完成翻新后挂牌出售，同时提供按揭、产权服务、灵活搬迁方案等配套服务，业务覆盖美国数十个州。
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。
OPAD vs RMAX — 直观对比
营收规模更大
OPAD
是对方的1.6倍
$71.1M
营收增速更快
RMAX
高出32.7%
-34.5%
自由现金流更多
OPAD
多$32.2M
$33.5M
两年增速更快
RMAX
近两年复合增速
-36.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $114.1M | $71.1M |
| 净利润 | — | $1.4M |
| 毛利率 | 7.0% | — |
| 营业利润率 | — | 13.1% |
| 净利率 | — | 2.0% |
| 营收同比 | -34.5% | -1.8% |
| 净利润同比 | 49.1% | -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
营收OPADRMAX
| Q4 25 | $114.1M | $71.1M | ||
| Q3 25 | $132.7M | $73.2M | ||
| Q2 25 | $160.3M | $72.8M | ||
| Q1 25 | $160.7M | $74.5M | ||
| Q4 24 | $174.3M | $72.5M | ||
| Q3 24 | $208.1M | $78.5M | ||
| Q2 24 | $251.1M | $78.5M | ||
| Q1 24 | $285.4M | $78.3M |
净利润OPADRMAX
| Q4 25 | — | $1.4M | ||
| Q3 25 | $-11.6M | $4.0M | ||
| Q2 25 | $-10.9M | $4.7M | ||
| Q1 25 | $-15.1M | $-2.0M | ||
| Q4 24 | $-17.3M | $5.8M | ||
| Q3 24 | $-13.5M | $966.0K | ||
| Q2 24 | $-13.8M | $3.7M | ||
| Q1 24 | $-17.5M | $-3.4M |
毛利率OPADRMAX
| Q4 25 | 7.0% | — | ||
| Q3 25 | 7.0% | — | ||
| Q2 25 | 8.9% | — | ||
| Q1 25 | 6.5% | — | ||
| Q4 24 | 6.1% | — | ||
| Q3 24 | 8.2% | — | ||
| Q2 24 | 8.7% | — | ||
| Q1 24 | 7.9% | — |
营业利润率OPADRMAX
| Q4 25 | — | 13.1% | ||
| Q3 25 | -5.1% | 25.0% | ||
| Q2 25 | -4.9% | 19.3% | ||
| Q1 25 | -7.2% | 7.2% | ||
| Q4 24 | -7.8% | 5.9% | ||
| Q3 24 | -4.3% | 19.4% | ||
| Q2 24 | -3.9% | 20.6% | ||
| Q1 24 | -4.8% | 5.8% |
净利率OPADRMAX
| Q4 25 | — | 2.0% | ||
| Q3 25 | -8.7% | 5.4% | ||
| Q2 25 | -6.8% | 6.4% | ||
| Q1 25 | -9.4% | -2.6% | ||
| Q4 24 | -9.9% | 8.0% | ||
| Q3 24 | -6.5% | 1.2% | ||
| Q2 24 | -5.5% | 4.7% | ||
| Q1 24 | -6.1% | -4.3% |
每股收益（稀释后）OPADRMAX
| Q4 25 | — | — | ||
| Q3 25 | $-0.37 | — | ||
| Q2 25 | $-0.39 | — | ||
| Q1 25 | $-0.55 | — | ||
| Q4 24 | $-0.64 | — | ||
| Q3 24 | $-0.49 | — | ||
| Q2 24 | $-0.50 | — | ||
| Q1 24 | $-0.64 | — |
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 | $26.5M | $118.7M |
| 总债务越低越好 | — | $432.2M |
| 股东权益账面价值 | $38.2M | $452.4M |
| 总资产 | $154.8M | $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OPADRMAX
| Q4 25 | $26.5M | $118.7M | ||
| Q3 25 | $31.0M | $107.5M | ||
| Q2 25 | $22.6M | $94.3M | ||
| Q1 25 | $30.8M | $89.1M | ||
| Q4 24 | $43.0M | $96.6M | ||
| Q3 24 | $48.5M | $83.8M | ||
| Q2 24 | $56.9M | $66.1M | ||
| Q1 24 | $68.5M | $82.1M |
总债务OPADRMAX
| 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OPADRMAX
| Q4 25 | $38.2M | $452.4M | ||
| Q3 25 | $39.9M | $448.1M | ||
| Q2 25 | $24.5M | $442.4M | ||
| Q1 25 | $34.2M | $433.5M | ||
| Q4 24 | $47.7M | $429.5M | ||
| Q3 24 | $64.7M | $423.1M | ||
| Q2 24 | $77.6M | $418.4M | ||
| Q1 24 | $88.1M | $412.0M |
总资产OPADRMAX
| Q4 25 | $154.8M | $582.5M | ||
| Q3 25 | $223.5M | $582.2M | ||
| Q2 25 | $268.0M | $574.8M | ||
| Q1 25 | $274.5M | $571.4M | ||
| Q4 24 | $313.1M | $581.6M | ||
| Q3 24 | $338.5M | $578.6M | ||
| Q2 24 | $406.6M | $571.4M | ||
| Q1 24 | $369.7M | $566.7M |
负债/权益比OPADRMAX
| 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 | $66.8M | $40.9M |
| 自由现金流经营现金流 - 资本支出 | $65.7M | $33.5M |
| 自由现金流率自由现金流/营收 | 57.6% | 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 | — | 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OPADRMAX
| Q4 25 | $66.8M | $40.9M | ||
| Q3 25 | $40.0M | $17.7M | ||
| Q2 25 | $-13.5M | $4.6M | ||
| Q1 25 | $-10.2M | $5.7M | ||
| Q4 24 | $20.8M | $59.7M | ||
| Q3 24 | $39.6M | $17.6M | ||
| Q2 24 | $-54.4M | $15.9M | ||
| Q1 24 | $2.4M | $9.4M |
自由现金流OPADRMAX
| Q4 25 | $65.7M | $33.5M | ||
| Q3 25 | — | $16.4M | ||
| Q2 25 | $-13.6M | $2.9M | ||
| Q1 25 | $-11.2M | $4.0M | ||
| Q4 24 | $15.4M | $53.0M | ||
| Q3 24 | $38.7M | $16.3M | ||
| Q2 24 | $-54.4M | $14.0M | ||
| Q1 24 | $2.0M | $6.8M |
自由现金流率OPADRMAX
| Q4 25 | 57.6% | 47.1% | ||
| Q3 25 | — | 22.4% | ||
| Q2 25 | -8.5% | 4.0% | ||
| Q1 25 | -7.0% | 5.3% | ||
| Q4 24 | 8.9% | 73.2% | ||
| Q3 24 | 18.6% | 20.8% | ||
| Q2 24 | -21.7% | 17.8% | ||
| Q1 24 | 0.7% | 8.6% |
资本支出强度OPADRMAX
| Q4 25 | 0.9% | 10.4% | ||
| Q3 25 | 0.0% | 1.8% | ||
| Q2 25 | 0.1% | 2.2% | ||
| Q1 25 | 0.6% | 2.3% | ||
| Q4 24 | 3.1% | 9.1% | ||
| Q3 24 | 0.4% | 1.7% | ||
| Q2 24 | 0.0% | 2.4% | ||
| Q1 24 | 0.1% | 3.3% |
现金转化率OPADRMAX
| 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
OPAD
暂无分部数据
RMAX
| Franchising Segment | $50.1M | 70% |
| Broker Fees | $13.9M | 20% |
| Annual Dues | $7.4M | 10% |
