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PubMatic, Inc.（PUBM）与RMR GROUP INC.（RMR）财务数据对比。点击上方公司名可切换其他公司
PubMatic, Inc.的季度营收约是RMR GROUP INC.的1.2倍（$80.0M vs $66.7M），RMR GROUP INC.同比增速更快（40.8% vs -6.4%）
PubMatic是一家面向数字出版与广告行业的科技企业，核心开发供应端实时程序化广告交易系统，依托自动化技术连接网站、视频、移动端应用的出版商与广告买家，同时支持用户选择不共享个人信息，目前在全球多国设有办公网点。
RMR集团是总部位于美国的另类资产管理企业，核心业务聚焦不动产及相关投资，覆盖商业地产、住宅物业、基础设施等赛道，服务全球核心市场的机构投资者、高净值人士及零售客户。
PUBM vs RMR — 直观对比
营收规模更大
PUBM
是对方的1.2倍
$66.7M
营收增速更快
RMR
高出47.1%
-6.4%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $80.0M | $66.7M |
| 净利润 | — | $12.2M |
| 毛利率 | 68.2% | — |
| 营业利润率 | 10.6% | 48.1% |
| 净利率 | — | 18.3% |
| 营收同比 | -6.4% | 40.8% |
| 净利润同比 | — | 91.1% |
| 每股收益（稀释后） | $0.14 | $0.71 |
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PUBMRMR
| Q4 25 | $80.0M | $66.7M | ||
| Q3 25 | $68.0M | — | ||
| Q2 25 | $71.1M | — | ||
| Q1 25 | $63.8M | — | ||
| Q4 24 | $85.5M | — | ||
| Q3 24 | $71.8M | — | ||
| Q2 24 | $67.3M | — | ||
| Q1 24 | $66.7M | — |
净利润PUBMRMR
| Q4 25 | — | $12.2M | ||
| Q3 25 | $-6.5M | — | ||
| Q2 25 | $-5.2M | — | ||
| Q1 25 | $-9.5M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $-912.0K | — | ||
| Q2 24 | $2.0M | — | ||
| Q1 24 | $-2.5M | — |
毛利率PUBMRMR
| Q4 25 | 68.2% | — | ||
| Q3 25 | 62.6% | — | ||
| Q2 25 | 62.6% | — | ||
| Q1 25 | 59.9% | — | ||
| Q4 24 | 70.8% | — | ||
| Q3 24 | 64.5% | — | ||
| Q2 24 | 62.6% | — | ||
| Q1 24 | 61.9% | — |
营业利润率PUBMRMR
| Q4 25 | 10.6% | 48.1% | ||
| Q3 25 | -12.4% | — | ||
| Q2 25 | -7.7% | — | ||
| Q1 25 | -18.6% | — | ||
| Q4 24 | 17.3% | — | ||
| Q3 24 | -1.9% | — | ||
| Q2 24 | -5.9% | — | ||
| Q1 24 | -8.3% | — |
净利率PUBMRMR
| Q4 25 | — | 18.3% | ||
| Q3 25 | -9.5% | — | ||
| Q2 25 | -7.3% | — | ||
| Q1 25 | -14.9% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | -1.3% | — | ||
| Q2 24 | 2.9% | — | ||
| Q1 24 | -3.7% | — |
每股收益（稀释后）PUBMRMR
| Q4 25 | $0.14 | $0.71 | ||
| Q3 25 | $-0.14 | — | ||
| Q2 25 | $-0.11 | — | ||
| Q1 25 | $-0.20 | — | ||
| Q4 24 | $0.26 | — | ||
| Q3 24 | $-0.02 | — | ||
| Q2 24 | $0.04 | — | ||
| Q1 24 | $-0.05 | — |
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 | $145.5M | $49.3M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $262.6M | $232.7M |
| 总资产 | $680.2M | $687.1M |
| 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PUBMRMR
| Q4 25 | $145.5M | $49.3M | ||
| Q3 25 | $136.5M | — | ||
| Q2 25 | $90.5M | — | ||
| Q1 25 | $101.8M | — | ||
| Q4 24 | $100.5M | — | ||
| Q3 24 | $78.9M | — | ||
| Q2 24 | $73.5M | — | ||
| Q1 24 | $80.2M | — |
股东权益PUBMRMR
| Q4 25 | $262.6M | $232.7M | ||
| Q3 25 | $245.1M | — | ||
| Q2 25 | $243.3M | — | ||
| Q1 25 | $275.6M | — | ||
| Q4 24 | $277.3M | — | ||
| Q3 24 | $263.2M | — | ||
| Q2 24 | $282.7M | — | ||
| Q1 24 | $288.7M | — |
总资产PUBMRMR
| Q4 25 | $680.2M | $687.1M | ||
| Q3 25 | $676.2M | — | ||
| Q2 25 | $675.2M | — | ||
| Q1 25 | $668.6M | — | ||
| Q4 24 | $739.5M | — | ||
| Q3 24 | $689.1M | — | ||
| Q2 24 | $673.1M | — | ||
| Q1 24 | $626.2M | — |
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 | $18.2M | $10.7M |
| 自由现金流经营现金流 - 资本支出 | $11.3M | — |
| 自由现金流率自由现金流/营收 | 14.1% | — |
| 资本支出强度资本支出/营收 | 8.6% | — |
| 现金转化率经营现金流/净利润 | — | 0.88× |
| 过去12个月自由现金流最近4个季度 | $66.7M | — |
8季度趋势，按日历期对齐
经营现金流PUBMRMR
| Q4 25 | $18.2M | $10.7M | ||
| Q3 25 | $32.4M | — | ||
| Q2 25 | $14.9M | — | ||
| Q1 25 | $15.6M | — | ||
| Q4 24 | $18.0M | — | ||
| Q3 24 | $19.1M | — | ||
| Q2 24 | $11.9M | — | ||
| Q1 24 | $24.3M | — |
自由现金流PUBMRMR
| Q4 25 | $11.3M | — | ||
| Q3 25 | $27.7M | — | ||
| Q2 25 | $13.6M | — | ||
| Q1 25 | $14.2M | — | ||
| Q4 24 | $13.7M | — | ||
| Q3 24 | $7.4M | — | ||
| Q2 24 | $11.2M | — | ||
| Q1 24 | $23.5M | — |
自由现金流率PUBMRMR
| Q4 25 | 14.1% | — | ||
| Q3 25 | 40.8% | — | ||
| Q2 25 | 19.1% | — | ||
| Q1 25 | 22.2% | — | ||
| Q4 24 | 16.1% | — | ||
| Q3 24 | 10.3% | — | ||
| Q2 24 | 16.7% | — | ||
| Q1 24 | 35.2% | — |
资本支出强度PUBMRMR
| Q4 25 | 8.6% | — | ||
| Q3 25 | 6.9% | — | ||
| Q2 25 | 1.9% | — | ||
| Q1 25 | 2.3% | — | ||
| Q4 24 | 5.1% | — | ||
| Q3 24 | 16.3% | — | ||
| Q2 24 | 1.1% | — | ||
| Q1 24 | 1.2% | — |
现金转化率PUBMRMR
| Q4 25 | — | 0.88× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 6.06× | — | ||
| 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
PUBM
暂无分部数据
RMR
| Management Service Incentive | $23.6M | 35% |
| Industrial Logistics Properties Trust | $15.1M | 23% |
| Managed Private Real Estate Capital | $11.1M | 17% |
| Office Properties Income Trust | $5.6M | 8% |
| Other Private Entities | $5.3M | 8% |
| RMR Residential | $3.4M | 5% |
| Sonesta International Hotels Corporation | $2.1M | 3% |
| Investment Advisory Management And Administrative Service | $1.2M | 2% |
