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OCTAVE SPECIALTY GROUP INC（OSG）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OCTAVE SPECIALTY GROUP INC的1.1倍（$71.1M vs $66.9M），RE/MAX Holdings, Inc.净利率更高（2.0% vs -73.8%，领先75.8%），OCTAVE SPECIALTY GROUP INC同比增速更快（2.6% vs -1.8%），过去两年OCTAVE SPECIALTY GROUP INC的营收复合增速更高（16.2% vs -4.7%）
奥克塔夫专业集团是一家专业保险控股企业，主营定制化财产与意外伤害保险产品，核心业务聚焦超额剩余保险领域，为北美地区的商业及个人客户提供定制化风险保障解决方案。
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。
OSG vs RMAX — 直观对比
营收规模更大
RMAX
是对方的1.1倍
$66.9M
营收增速更快
OSG
高出4.4%
-1.8%
净利率更高
RMAX
高出75.8%
-73.8%
两年增速更快
OSG
近两年复合增速
-4.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $66.9M | $71.1M |
| 净利润 | $-29.7M | $1.4M |
| 毛利率 | — | — |
| 营业利润率 | -76.7% | 13.1% |
| 净利率 | -73.8% | 2.0% |
| 营收同比 | 2.6% | -1.8% |
| 净利润同比 | -41.7% | -75.2% |
| 每股收益（稀释后） | $-0.82 | — |
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OSGRMAX
| Q4 25 | $66.9M | $71.1M | ||
| Q3 25 | $66.6M | $73.2M | ||
| Q2 25 | $55.0M | $72.8M | ||
| Q1 25 | $62.8M | $74.5M | ||
| Q4 24 | $65.2M | $72.5M | ||
| Q3 24 | $70.0M | $78.5M | ||
| Q2 24 | $51.0M | $78.5M | ||
| Q1 24 | $49.6M | $78.3M |
净利润OSGRMAX
| Q4 25 | $-29.7M | $1.4M | ||
| Q3 25 | $-112.6M | $4.0M | ||
| Q2 25 | $-72.7M | $4.7M | ||
| Q1 25 | $-44.7M | $-2.0M | ||
| Q4 24 | $-20.9M | $5.8M | ||
| Q3 24 | $-27.5M | $966.0K | ||
| Q2 24 | $-750.0K | $3.7M | ||
| Q1 24 | $20.8M | $-3.4M |
营业利润率OSGRMAX
| Q4 25 | -76.7% | 13.1% | ||
| Q3 25 | -48.2% | 25.0% | ||
| Q2 25 | -41.8% | 19.3% | ||
| Q1 25 | -24.1% | 7.2% | ||
| Q4 24 | -55.5% | 5.9% | ||
| Q3 24 | -29.7% | 19.4% | ||
| Q2 24 | -28.9% | 20.6% | ||
| Q1 24 | -6.5% | 5.8% |
净利率OSGRMAX
| Q4 25 | -73.8% | 2.0% | ||
| Q3 25 | -169.1% | 5.4% | ||
| Q2 25 | -132.3% | 6.4% | ||
| Q1 25 | -71.3% | -2.6% | ||
| Q4 24 | -55.1% | 8.0% | ||
| Q3 24 | -39.3% | 1.2% | ||
| Q2 24 | -1.5% | 4.7% | ||
| Q1 24 | 41.9% | -4.3% |
每股收益（稀释后）OSGRMAX
| Q4 25 | $-0.82 | — | ||
| Q3 25 | $-2.35 | — | ||
| Q2 25 | $-1.54 | — | ||
| Q1 25 | $-1.22 | — | ||
| Q4 24 | $-11.75 | — | ||
| Q3 24 | $-0.63 | — | ||
| Q2 24 | $-0.02 | — | ||
| Q1 24 | $0.44 | — |
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 | $146.4M | $118.7M |
| 总债务越低越好 | $117.6M | $432.2M |
| 股东权益账面价值 | $715.8M | $452.4M |
| 总资产 | $2.2B | $582.5M |
| 负债/权益比越低杠杆越低 | 0.16× | 0.96× |
8季度趋势，按日历期对齐
现金及短期投资OSGRMAX
| Q4 25 | $146.4M | $118.7M | ||
| Q3 25 | $27.5M | $107.5M | ||
| Q2 25 | $22.5M | $94.3M | ||
| Q1 25 | $34.1M | $89.1M | ||
| Q4 24 | $157.2M | $96.6M | ||
| Q3 24 | $40.8M | $83.8M | ||
| Q2 24 | $14.6M | $66.1M | ||
| Q1 24 | $13.8M | $82.1M |
总债务OSGRMAX
| Q4 25 | $117.6M | $432.2M | ||
| Q3 25 | — | $433.3M | ||
| Q2 25 | — | $434.4M | ||
| Q1 25 | — | $435.3M | ||
| Q4 24 | $0 | $436.2M | ||
| Q3 24 | $518.0M | $437.2M | ||
| Q2 24 | $515.0M | $438.1M | ||
| Q1 24 | $512.0M | $439.0M |
股东权益OSGRMAX
| Q4 25 | $715.8M | $452.4M | ||
| Q3 25 | $843.4M | $448.1M | ||
| Q2 25 | $859.8M | $442.4M | ||
| Q1 25 | $852.2M | $433.5M | ||
| Q4 24 | $798.4M | $429.5M | ||
| Q3 24 | $1.5B | $423.1M | ||
| Q2 24 | $1.4B | $418.4M | ||
| Q1 24 | $1.4B | $412.0M |
总资产OSGRMAX
| Q4 25 | $2.2B | $582.5M | ||
| Q3 25 | $2.1B | $582.2M | ||
| Q2 25 | $8.5B | $574.8M | ||
| Q1 25 | $8.3B | $571.4M | ||
| Q4 24 | $8.1B | $581.6M | ||
| Q3 24 | $9.3B | $578.6M | ||
| Q2 24 | $8.2B | $571.4M | ||
| Q1 24 | $8.4B | $566.7M |
负债/权益比OSGRMAX
| Q4 25 | 0.16× | 0.96× | ||
| Q3 25 | — | 0.97× | ||
| Q2 25 | — | 0.98× | ||
| Q1 25 | — | 1.00× | ||
| Q4 24 | 0.00× | 1.02× | ||
| Q3 24 | 0.35× | 1.03× | ||
| Q2 24 | 0.38× | 1.05× | ||
| Q1 24 | 0.38× | 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 | $-52.3M | $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OSGRMAX
| Q4 25 | $-52.3M | $40.9M | ||
| Q3 25 | $-41.2M | $17.7M | ||
| Q2 25 | $2.1M | $4.6M | ||
| Q1 25 | $-12.6M | $5.7M | ||
| Q4 24 | $762.0K | $59.7M | ||
| Q3 24 | $48.9M | $17.6M | ||
| Q2 24 | $20.4M | $15.9M | ||
| Q1 24 | $7.1M | $9.4M |
自由现金流OSGRMAX
| 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 | ||
| Q1 24 | — | $6.8M |
自由现金流率OSGRMAX
| 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% | ||
| Q1 24 | — | 8.6% |
资本支出强度OSGRMAX
| 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% | ||
| Q1 24 | — | 3.3% |
现金转化率OSGRMAX
| 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 | 0.34× | — |
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
OSG
| Other | $28.7M | 43% |
| Specialty Property Casualty Program | $23.1M | 34% |
| Accident Health | $9.6M | 14% |
| Specialty Automobile | $3.1M | 5% |
| Niche Specialty Risks | $2.4M | 4% |
RMAX
| Franchising Segment | $50.1M | 70% |
| Broker Fees | $13.9M | 20% |
| Annual Dues | $7.4M | 10% |
