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Opendoor Technologies Inc.（OPEN）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
Opendoor Technologies Inc.的季度营收约是RE/MAX Holdings, Inc.的10.3倍（$736.0M vs $71.1M）。RE/MAX Holdings, Inc.净利率更高（2.0% vs -148.9%，领先150.9%）。RE/MAX Holdings, Inc.同比增速更快（-1.8% vs -32.1%）。Opendoor Technologies Inc.自由现金流更多（$67.0M vs $10.2M）。过去两年RE/MAX Holdings, Inc.的营收复合增速更高（-4.7% vs -21.1%）
Opendoor Technologies Inc.是一家主营住宅房地产买卖的线上企业，总部位于旧金山。平台可通过线上流程向房主提供房屋即时现金报价，收购房产后进行修缮再重新挂牌出售，同时还提供基于移动端应用的购房服务及配套融资方案，截至2021年11月业务覆盖美国44个区域市场。
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。
OPEN vs RMAX — 直观对比
营收规模更大
OPEN
是对方的10.3倍
$71.1M
营收增速更快
RMAX
高出30.3%
-32.1%
净利率更高
RMAX
高出150.9%
-148.9%
自由现金流更多
OPEN
多$56.8M
$10.2M
两年增速更快
RMAX
近两年复合增速
-21.1%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $736.0M | $71.1M |
| 净利润 | $-1.1B | $1.4M |
| 毛利率 | 7.7% | — |
| 营业利润率 | -20.4% | 13.1% |
| 净利率 | -148.9% | 2.0% |
| 营收同比 | -32.1% | -1.8% |
| 净利润同比 | -869.9% | -75.2% |
| 每股收益（稀释后） | $-1.42 | — |
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OPENRMAX
| Q4 25 | $736.0M | $71.1M | ||
| Q3 25 | $915.0M | $73.2M | ||
| Q2 25 | $1.6B | $72.8M | ||
| Q1 25 | $1.2B | $74.5M | ||
| Q4 24 | $1.1B | $72.5M | ||
| Q3 24 | $1.4B | $78.5M | ||
| Q2 24 | $1.5B | $78.5M | ||
| Q1 24 | $1.2B | $78.3M |
净利润OPENRMAX
| Q4 25 | $-1.1B | $1.4M | ||
| Q3 25 | $-90.0M | $4.0M | ||
| Q2 25 | $-29.0M | $4.7M | ||
| Q1 25 | $-85.0M | $-2.0M | ||
| Q4 24 | $-113.0M | $5.8M | ||
| Q3 24 | $-78.0M | $966.0K | ||
| Q2 24 | $-92.0M | $3.7M | ||
| Q1 24 | $-109.0M | $-3.4M |
毛利率OPENRMAX
| Q4 25 | 7.7% | — | ||
| Q3 25 | 7.2% | — | ||
| Q2 25 | 8.2% | — | ||
| Q1 25 | 8.6% | — | ||
| Q4 24 | 7.8% | — | ||
| Q3 24 | 7.6% | — | ||
| Q2 24 | 8.5% | — | ||
| Q1 24 | 9.7% | — |
营业利润率OPENRMAX
| Q4 25 | -20.4% | 13.1% | ||
| Q3 25 | -7.4% | 25.0% | ||
| Q2 25 | -0.8% | 19.3% | ||
| Q1 25 | -4.9% | 7.2% | ||
| Q4 24 | -8.7% | 5.9% | ||
| Q3 24 | -4.9% | 19.4% | ||
| Q2 24 | -4.8% | 20.6% | ||
| Q1 24 | -7.4% | 5.8% |
净利率OPENRMAX
| Q4 25 | -148.9% | 2.0% | ||
| Q3 25 | -9.8% | 5.4% | ||
| Q2 25 | -1.9% | 6.4% | ||
| Q1 25 | -7.4% | -2.6% | ||
| Q4 24 | -10.4% | 8.0% | ||
| Q3 24 | -5.7% | 1.2% | ||
| Q2 24 | -6.1% | 4.7% | ||
| Q1 24 | -9.2% | -4.3% |
每股收益（稀释后）OPENRMAX
| Q4 25 | $-1.42 | — | ||
| Q3 25 | $-0.12 | — | ||
| Q2 25 | $-0.04 | — | ||
| Q1 25 | $-0.12 | — | ||
| Q4 24 | $-0.16 | — | ||
| Q3 24 | $-0.11 | — | ||
| Q2 24 | $-0.13 | — | ||
| Q1 24 | $-0.16 | — |
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 | $962.0M | $118.7M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.0B | $452.4M |
| 总资产 | $2.4B | $582.5M |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资OPENRMAX
| Q4 25 | $962.0M | $118.7M | ||
| Q3 25 | $962.0M | $107.5M | ||
| Q2 25 | $789.0M | $94.3M | ||
| Q1 25 | $559.0M | $89.1M | ||
| Q4 24 | $679.0M | $96.6M | ||
| Q3 24 | $837.0M | $83.8M | ||
| Q2 24 | $809.0M | $66.1M | ||
| Q1 24 | $990.0M | $82.1M |
股东权益OPENRMAX
| Q4 25 | $1.0B | $452.4M | ||
| Q3 25 | $811.0M | $448.1M | ||
| Q2 25 | $631.0M | $442.4M | ||
| Q1 25 | $645.0M | $433.5M | ||
| Q4 24 | $713.0M | $429.5M | ||
| Q3 24 | $801.0M | $423.1M | ||
| Q2 24 | $845.0M | $418.4M | ||
| Q1 24 | $899.0M | $412.0M |
总资产OPENRMAX
| Q4 25 | $2.4B | $582.5M | ||
| Q3 25 | $2.7B | $582.2M | ||
| Q2 25 | $2.9B | $574.8M | ||
| Q1 25 | $3.3B | $571.4M | ||
| Q4 24 | $3.1B | $581.6M | ||
| Q3 24 | $3.4B | $578.6M | ||
| Q2 24 | $3.4B | $571.4M | ||
| Q1 24 | $3.4B | $566.7M |
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 | $70.0M | $12.9M |
| 自由现金流经营现金流 - 资本支出 | $67.0M | $10.2M |
| 自由现金流率自由现金流/营收 | 9.1% | 14.3% |
| 资本支出强度资本支出/营收 | 0.4% | 3.9% |
| 现金转化率经营现金流/净利润 | — | 8.97× |
| 过去12个月自由现金流最近4个季度 | $1.0B | $33.5M |
8季度趋势，按日历期对齐
经营现金流OPENRMAX
| Q4 25 | $70.0M | $12.9M | ||
| Q3 25 | $435.0M | $17.7M | ||
| Q2 25 | $823.0M | $4.6M | ||
| Q1 25 | $-279.0M | $5.7M | ||
| Q4 24 | $-80.0M | $16.8M | ||
| Q3 24 | $62.0M | $17.6M | ||
| Q2 24 | $-399.0M | $15.9M | ||
| Q1 24 | $-178.0M | $9.4M |
自由现金流OPENRMAX
| Q4 25 | $67.0M | $10.2M | ||
| Q3 25 | $432.0M | $16.4M | ||
| Q2 25 | $821.0M | $2.9M | ||
| Q1 25 | $-283.0M | $4.0M | ||
| Q4 24 | $-83.0M | $16.0M | ||
| Q3 24 | $56.0M | $16.3M | ||
| Q2 24 | $-407.0M | $14.0M | ||
| Q1 24 | $-186.0M | $6.8M |
自由现金流率OPENRMAX
| Q4 25 | 9.1% | 14.3% | ||
| Q3 25 | 47.2% | 22.4% | ||
| Q2 25 | 52.4% | 4.0% | ||
| Q1 25 | -24.5% | 5.3% | ||
| Q4 24 | -7.7% | 22.1% | ||
| Q3 24 | 4.1% | 20.8% | ||
| Q2 24 | -26.9% | 17.8% | ||
| Q1 24 | -15.7% | 8.6% |
资本支出强度OPENRMAX
| Q4 25 | 0.4% | 3.9% | ||
| Q3 25 | 0.3% | 1.8% | ||
| Q2 25 | 0.1% | 2.2% | ||
| Q1 25 | 0.3% | 2.3% | ||
| Q4 24 | 0.3% | 1.1% | ||
| Q3 24 | 0.4% | 1.7% | ||
| Q2 24 | 0.5% | 2.4% | ||
| Q1 24 | 0.7% | 3.3% |
现金转化率OPENRMAX
| Q4 25 | — | 8.97× | ||
| Q3 25 | — | 4.45× | ||
| Q2 25 | — | 0.97× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 2.89× | ||
| 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
OPEN
暂无分部数据
RMAX
| Franchising Segment | $50.1M | 70% |
| Broker Fees | $13.9M | 20% |
| Annual Dues | $7.4M | 10% |
