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FreightCar America, Inc.（RAIL）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
FreightCar America, Inc.的季度营收约是RE/MAX Holdings, Inc.的1.8倍（$125.5M vs $71.1M），RE/MAX Holdings, Inc.净利率更高（2.0% vs -13.2%，领先15.2%），RE/MAX Holdings, Inc.同比增速更快（-1.8% vs -8.8%），RE/MAX Holdings, Inc.自由现金流更多（$33.5M vs $8.8M），过去两年RE/MAX Holdings, Inc.的营收复合增速更高（-4.7% vs -11.7%）
货运车美国公司是铁路行业货运车厢制造商，全球约有2000名雇员，核心生产基地设在墨西哥卡斯塔诺斯，厂区面积达70万平方英尺。此外，公司总部设于芝加哥，在宾夕法尼亚州约翰斯顿设有工程与零部件厂区，主要为铁路领域提供专业货运车厢产品。
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。
RAIL vs RMAX — 直观对比
营收规模更大
RAIL
是对方的1.8倍
$71.1M
营收增速更快
RMAX
高出7.0%
-8.8%
净利率更高
RMAX
高出15.2%
-13.2%
自由现金流更多
RMAX
多$24.7M
$8.8M
两年增速更快
RMAX
近两年复合增速
-11.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $125.5M | $71.1M |
| 净利润 | $-16.6M | $1.4M |
| 毛利率 | 13.4% | — |
| 营业利润率 | 6.2% | 13.1% |
| 净利率 | -13.2% | 2.0% |
| 营收同比 | -8.8% | -1.8% |
| 净利润同比 | -147.9% | -75.2% |
| 每股收益（稀释后） | $-0.54 | — |
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RAILRMAX
| Q4 25 | $125.5M | $71.1M | ||
| Q3 25 | $160.4M | $73.2M | ||
| Q2 25 | $118.5M | $72.8M | ||
| Q1 25 | $96.2M | $74.5M | ||
| Q4 24 | $137.6M | $72.5M | ||
| Q3 24 | $113.2M | $78.5M | ||
| Q2 24 | $146.0M | $78.5M | ||
| Q1 24 | $160.9M | $78.3M |
净利润RAILRMAX
| Q4 25 | $-16.6M | $1.4M | ||
| Q3 25 | $-7.4M | $4.0M | ||
| Q2 25 | $11.7M | $4.7M | ||
| Q1 25 | $50.4M | $-2.0M | ||
| Q4 24 | $34.6M | $5.8M | ||
| Q3 24 | $-107.0M | $966.0K | ||
| Q2 24 | $8.2M | $3.7M | ||
| Q1 24 | $-11.6M | $-3.4M |
毛利率RAILRMAX
| Q4 25 | 13.4% | — | ||
| Q3 25 | 15.1% | — | ||
| Q2 25 | 15.0% | — | ||
| Q1 25 | 15.0% | — | ||
| Q4 24 | 15.3% | — | ||
| Q3 24 | 14.3% | — | ||
| Q2 24 | 12.6% | — | ||
| Q1 24 | 7.1% | — |
营业利润率RAILRMAX
| Q4 25 | 6.2% | 13.1% | ||
| Q3 25 | 9.1% | 25.0% | ||
| Q2 25 | 6.5% | 19.3% | ||
| Q1 25 | 4.0% | 7.2% | ||
| Q4 24 | 8.5% | 5.9% | ||
| Q3 24 | 7.6% | 19.4% | ||
| Q2 24 | 9.0% | 20.6% | ||
| Q1 24 | 2.4% | 5.8% |
净利率RAILRMAX
| Q4 25 | -13.2% | 2.0% | ||
| Q3 25 | -4.6% | 5.4% | ||
| Q2 25 | 9.9% | 6.4% | ||
| Q1 25 | 52.4% | -2.6% | ||
| Q4 24 | 25.2% | 8.0% | ||
| Q3 24 | -94.6% | 1.2% | ||
| Q2 24 | 5.6% | 4.7% | ||
| Q1 24 | -7.2% | -4.3% |
每股收益（稀释后）RAILRMAX
| Q4 25 | $-0.54 | — | ||
| Q3 25 | $-0.23 | — | ||
| Q2 25 | $0.34 | — | ||
| Q1 25 | $1.52 | — | ||
| Q4 24 | $0.88 | — | ||
| Q3 24 | $-3.57 | — | ||
| Q2 24 | $0.11 | — | ||
| Q1 24 | $-0.54 | — |
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 | — | $118.7M |
| 总债务越低越好 | $107.2M | $432.2M |
| 股东权益账面价值 | $-107.4M | $452.4M |
| 总资产 | $290.0M | $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RAILRMAX
| Q4 25 | — | $118.7M | ||
| Q3 25 | — | $107.5M | ||
| Q2 25 | — | $94.3M | ||
| Q1 25 | — | $89.1M | ||
| Q4 24 | — | $96.6M | ||
| Q3 24 | — | $83.8M | ||
| Q2 24 | — | $66.1M | ||
| Q1 24 | — | $82.1M |
总债务RAILRMAX
| Q4 25 | $107.2M | $432.2M | ||
| Q3 25 | $107.6M | $433.3M | ||
| Q2 25 | $107.9M | $434.4M | ||
| Q1 25 | $108.2M | $435.3M | ||
| Q4 24 | $108.4M | $436.2M | ||
| Q3 24 | — | $437.2M | ||
| Q2 24 | — | $438.1M | ||
| Q1 24 | — | $439.0M |
股东权益RAILRMAX
| Q4 25 | $-107.4M | $452.4M | ||
| Q3 25 | $-90.9M | $448.1M | ||
| Q2 25 | $-83.5M | $442.4M | ||
| Q1 25 | $-97.4M | $433.5M | ||
| Q4 24 | $-150.3M | $429.5M | ||
| Q3 24 | $-156.3M | $423.1M | ||
| Q2 24 | $-48.8M | $418.4M | ||
| Q1 24 | $-57.0M | $412.0M |
总资产RAILRMAX
| Q4 25 | $290.0M | $582.5M | ||
| Q3 25 | $340.8M | $582.2M | ||
| Q2 25 | $328.1M | $574.8M | ||
| Q1 25 | $250.5M | $571.4M | ||
| Q4 24 | $224.2M | $581.6M | ||
| Q3 24 | $245.9M | $578.6M | ||
| Q2 24 | $207.2M | $571.4M | ||
| Q1 24 | $248.7M | $566.7M |
负债/权益比RAILRMAX
| 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 | $10.0M | $40.9M |
| 自由现金流经营现金流 - 资本支出 | $8.8M | $33.5M |
| 自由现金流率自由现金流/营收 | 7.0% | 47.1% |
| 资本支出强度资本支出/营收 | 1.0% | 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 | $31.4M | $56.8M |
8季度趋势，按日历期对齐
经营现金流RAILRMAX
| Q4 25 | $10.0M | $40.9M | ||
| Q3 25 | $3.4M | $17.7M | ||
| Q2 25 | $8.5M | $4.6M | ||
| Q1 25 | $12.8M | $5.7M | ||
| Q4 24 | $5.9M | $59.7M | ||
| Q3 24 | $7.2M | $17.6M | ||
| Q2 24 | $57.2M | $15.9M | ||
| Q1 24 | $-25.3M | $9.4M |
自由现金流RAILRMAX
| Q4 25 | $8.8M | $33.5M | ||
| Q3 25 | $2.2M | $16.4M | ||
| Q2 25 | $7.9M | $2.9M | ||
| Q1 25 | $12.5M | $4.0M | ||
| Q4 24 | $4.6M | $53.0M | ||
| Q3 24 | $5.7M | $16.3M | ||
| Q2 24 | $55.9M | $14.0M | ||
| Q1 24 | $-26.3M | $6.8M |
自由现金流率RAILRMAX
| Q4 25 | 7.0% | 47.1% | ||
| Q3 25 | 1.4% | 22.4% | ||
| Q2 25 | 6.7% | 4.0% | ||
| Q1 25 | 13.0% | 5.3% | ||
| Q4 24 | 3.3% | 73.2% | ||
| Q3 24 | 5.0% | 20.8% | ||
| Q2 24 | 38.3% | 17.8% | ||
| Q1 24 | -16.3% | 8.6% |
资本支出强度RAILRMAX
| Q4 25 | 1.0% | 10.4% | ||
| Q3 25 | 0.7% | 1.8% | ||
| Q2 25 | 0.5% | 2.2% | ||
| Q1 25 | 0.3% | 2.3% | ||
| Q4 24 | 0.9% | 9.1% | ||
| Q3 24 | 1.3% | 1.7% | ||
| Q2 24 | 0.9% | 2.4% | ||
| Q1 24 | 0.6% | 3.3% |
现金转化率RAILRMAX
| Q4 25 | — | 28.39× | ||
| Q3 25 | — | 4.45× | ||
| Q2 25 | 0.73× | 0.97× | ||
| Q1 25 | 0.25× | — | ||
| Q4 24 | 0.17× | 10.28× | ||
| Q3 24 | — | 18.22× | ||
| Q2 24 | 6.99× | 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
RAIL
| Railcar Sales | $118.9M | 95% |
| Aftermarket Sales | $6.6M | 5% |
RMAX
| Franchising Segment | $50.1M | 70% |
| Broker Fees | $13.9M | 20% |
| Annual Dues | $7.4M | 10% |
