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POWER INTEGRATIONS INC（POWI）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
POWER INTEGRATIONS INC的季度营收约是RE/MAX Holdings, Inc.的1.5倍（$103.2M vs $71.1M），POWER INTEGRATIONS INC净利率更高（12.9% vs 2.0%，领先10.9%），RE/MAX Holdings, Inc.同比增速更快（-1.8% vs -1.9%），RE/MAX Holdings, Inc.自由现金流更多（$33.5M vs $19.2M），过去两年POWER INTEGRATIONS INC的营收复合增速更高（6.1% vs -4.7%）
Power Integrations Inc.是美国头部电力公用事业企业，业务覆盖美国本土11个州，服务超500万用户，在全美电力供应领域拥有领先的市场地位与成熟的运营体系。
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。
POWI vs RMAX — 直观对比
营收规模更大
POWI
是对方的1.5倍
$71.1M
营收增速更快
RMAX
高出0.1%
-1.9%
净利率更高
POWI
高出10.9%
2.0%
自由现金流更多
RMAX
多$14.3M
$19.2M
两年增速更快
POWI
近两年复合增速
-4.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $103.2M | $71.1M |
| 净利润 | $13.3M | $1.4M |
| 毛利率 | 52.9% | — |
| 营业利润率 | 8.5% | 13.1% |
| 净利率 | 12.9% | 2.0% |
| 营收同比 | -1.9% | -1.8% |
| 净利润同比 | 45.4% | -75.2% |
| 每股收益（稀释后） | $0.24 | — |
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POWIRMAX
| Q4 25 | $103.2M | $71.1M | ||
| Q3 25 | $118.9M | $73.2M | ||
| Q2 25 | $115.9M | $72.8M | ||
| Q1 25 | $105.5M | $74.5M | ||
| Q4 24 | $105.3M | $72.5M | ||
| Q3 24 | $115.8M | $78.5M | ||
| Q2 24 | $106.2M | $78.5M | ||
| Q1 24 | $91.7M | $78.3M |
净利润POWIRMAX
| Q4 25 | $13.3M | $1.4M | ||
| Q3 25 | $-1.4M | $4.0M | ||
| Q2 25 | $1.4M | $4.7M | ||
| Q1 25 | $8.8M | $-2.0M | ||
| Q4 24 | $9.1M | $5.8M | ||
| Q3 24 | $14.3M | $966.0K | ||
| Q2 24 | $4.8M | $3.7M | ||
| Q1 24 | $4.0M | $-3.4M |
毛利率POWIRMAX
| Q4 25 | 52.9% | — | ||
| Q3 25 | 54.5% | — | ||
| Q2 25 | 55.2% | — | ||
| Q1 25 | 55.2% | — | ||
| Q4 24 | 54.4% | — | ||
| Q3 24 | 54.5% | — | ||
| Q2 24 | 53.2% | — | ||
| Q1 24 | 52.1% | — |
营业利润率POWIRMAX
| Q4 25 | 8.5% | 13.1% | ||
| Q3 25 | -3.3% | 25.0% | ||
| Q2 25 | -1.2% | 19.3% | ||
| Q1 25 | 6.4% | 7.2% | ||
| Q4 24 | 3.7% | 5.9% | ||
| Q3 24 | 10.0% | 19.4% | ||
| Q2 24 | 1.8% | 20.6% | ||
| Q1 24 | 0.5% | 5.8% |
净利率POWIRMAX
| Q4 25 | 12.9% | 2.0% | ||
| Q3 25 | -1.1% | 5.4% | ||
| Q2 25 | 1.2% | 6.4% | ||
| Q1 25 | 8.3% | -2.6% | ||
| Q4 24 | 8.7% | 8.0% | ||
| Q3 24 | 12.3% | 1.2% | ||
| Q2 24 | 4.6% | 4.7% | ||
| Q1 24 | 4.3% | -4.3% |
每股收益（稀释后）POWIRMAX
| Q4 25 | $0.24 | — | ||
| Q3 25 | $-0.02 | — | ||
| Q2 25 | $0.02 | — | ||
| Q1 25 | $0.15 | — | ||
| Q4 24 | $0.15 | — | ||
| Q3 24 | $0.25 | — | ||
| Q2 24 | $0.09 | — | ||
| Q1 24 | $0.07 | — |
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 | $249.5M | $118.7M |
| 总债务越低越好 | — | $432.2M |
| 股东权益账面价值 | $672.8M | $452.4M |
| 总资产 | $772.2M | $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POWIRMAX
| Q4 25 | $249.5M | $118.7M | ||
| Q3 25 | $241.9M | $107.5M | ||
| Q2 25 | $268.7M | $94.3M | ||
| Q1 25 | $289.3M | $89.1M | ||
| Q4 24 | $300.0M | $96.6M | ||
| Q3 24 | $303.8M | $83.8M | ||
| Q2 24 | $290.5M | $66.1M | ||
| Q1 24 | $299.6M | $82.1M |
总债务POWIRMAX
| 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POWIRMAX
| Q4 25 | $672.8M | $452.4M | ||
| Q3 25 | $672.0M | $448.1M | ||
| Q2 25 | $703.8M | $442.4M | ||
| Q1 25 | $735.8M | $433.5M | ||
| Q4 24 | $749.8M | $429.5M | ||
| Q3 24 | $749.2M | $423.1M | ||
| Q2 24 | $730.7M | $418.4M | ||
| Q1 24 | $738.2M | $412.0M |
总资产POWIRMAX
| Q4 25 | $772.2M | $582.5M | ||
| Q3 25 | $772.5M | $582.2M | ||
| Q2 25 | $797.5M | $574.8M | ||
| Q1 25 | $814.4M | $571.4M | ||
| Q4 24 | $828.8M | $581.6M | ||
| Q3 24 | $825.0M | $578.6M | ||
| Q2 24 | $804.8M | $571.4M | ||
| Q1 24 | $805.8M | $566.7M |
负债/权益比POWIRMAX
| 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 | $26.2M | $40.9M |
| 自由现金流经营现金流 - 资本支出 | $19.2M | $33.5M |
| 自由现金流率自由现金流/营收 | 18.6% | 47.1% |
| 资本支出强度资本支出/营收 | 6.8% | 10.4% |
| 现金转化率经营现金流/净利润 | 1.97× | 28.39× |
| 过去12个月自由现金流最近4个季度 | $87.1M | $56.8M |
8季度趋势，按日历期对齐
经营现金流POWIRMAX
| Q4 25 | $26.2M | $40.9M | ||
| Q3 25 | $29.9M | $17.7M | ||
| Q2 25 | $29.1M | $4.6M | ||
| Q1 25 | $26.4M | $5.7M | ||
| Q4 24 | $14.7M | $59.7M | ||
| Q3 24 | $32.9M | $17.6M | ||
| Q2 24 | $17.6M | $15.9M | ||
| Q1 24 | $15.9M | $9.4M |
自由现金流POWIRMAX
| Q4 25 | $19.2M | $33.5M | ||
| Q3 25 | $24.2M | $16.4M | ||
| Q2 25 | $23.1M | $2.9M | ||
| Q1 25 | $20.7M | $4.0M | ||
| Q4 24 | $11.7M | $53.0M | ||
| Q3 24 | $27.2M | $16.3M | ||
| Q2 24 | $13.5M | $14.0M | ||
| Q1 24 | $11.6M | $6.8M |
自由现金流率POWIRMAX
| Q4 25 | 18.6% | 47.1% | ||
| Q3 25 | 20.3% | 22.4% | ||
| Q2 25 | 20.0% | 4.0% | ||
| Q1 25 | 19.6% | 5.3% | ||
| Q4 24 | 11.1% | 73.2% | ||
| Q3 24 | 23.5% | 20.8% | ||
| Q2 24 | 12.7% | 17.8% | ||
| Q1 24 | 12.6% | 8.6% |
资本支出强度POWIRMAX
| Q4 25 | 6.8% | 10.4% | ||
| Q3 25 | 4.8% | 1.8% | ||
| Q2 25 | 5.1% | 2.2% | ||
| Q1 25 | 5.4% | 2.3% | ||
| Q4 24 | 2.9% | 9.1% | ||
| Q3 24 | 4.9% | 1.7% | ||
| Q2 24 | 3.9% | 2.4% | ||
| Q1 24 | 4.7% | 3.3% |
现金转化率POWIRMAX
| Q4 25 | 1.97× | 28.39× | ||
| Q3 25 | — | 4.45× | ||
| Q2 25 | 21.24× | 0.97× | ||
| Q1 25 | 3.00× | — | ||
| Q4 24 | 1.61× | 10.28× | ||
| Q3 24 | 2.30× | 18.22× | ||
| Q2 24 | 3.64× | 4.29× | ||
| Q1 24 | 4.02× | — |
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
POWI
| Distributors | $65.8M | 64% |
| Other | $10.3M | 10% |
| KR | $9.3M | 9% |
| DE | $7.1M | 7% |
| TW | $5.5M | 5% |
| Emea Other Than Germany | $5.3M | 5% |
RMAX
| Franchising Segment | $50.1M | 70% |
| Broker Fees | $13.9M | 20% |
| Annual Dues | $7.4M | 10% |
