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RADWARE LTD（RDWR）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
RADWARE LTD的季度营收约是RE/MAX Holdings, Inc.的1.1倍（$75.3M vs $71.1M），RADWARE LTD净利率更高（7.5% vs 2.0%，领先5.5%），过去两年RADWARE LTD的营收复合增速更高（7.1% vs -4.7%）
拉德韦尔是一家为物理、云与软件定义数据中心提供网络安全与应用交付产品的企业，总部位于美国新泽西州莫瓦，全球总部设于以色列，同时在欧洲、非洲及亚太地区均设有办事处，隶属于拉德集团，股份在纳斯达克上市交易。
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。
RDWR vs RMAX — 直观对比
营收规模更大
RDWR
是对方的1.1倍
$71.1M
净利率更高
RDWR
高出5.5%
2.0%
两年增速更快
RDWR
近两年复合增速
-4.7%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $75.3M | $71.1M |
| 净利润 | $5.7M | $1.4M |
| 毛利率 | 80.7% | — |
| 营业利润率 | 4.1% | 13.1% |
| 净利率 | 7.5% | 2.0% |
| 营收同比 | — | -1.8% |
| 净利润同比 | — | -75.2% |
| 每股收益（稀释后） | — | — |
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RDWRRMAX
| Q4 25 | — | $71.1M | ||
| Q3 25 | $75.3M | $73.2M | ||
| Q2 25 | $74.2M | $72.8M | ||
| Q1 25 | $72.1M | $74.5M | ||
| Q4 24 | — | $72.5M | ||
| Q3 24 | $69.5M | $78.5M | ||
| Q2 24 | $67.3M | $78.5M | ||
| Q1 24 | $65.1M | $78.3M |
净利润RDWRRMAX
| Q4 25 | — | $1.4M | ||
| Q3 25 | $5.7M | $4.0M | ||
| Q2 25 | $4.2M | $4.7M | ||
| Q1 25 | $4.3M | $-2.0M | ||
| Q4 24 | — | $5.8M | ||
| Q3 24 | $3.1M | $966.0K | ||
| Q2 24 | $1.7M | $3.7M | ||
| Q1 24 | $-1.2M | $-3.4M |
毛利率RDWRRMAX
| Q4 25 | — | — | ||
| Q3 25 | 80.7% | — | ||
| Q2 25 | 80.7% | — | ||
| Q1 25 | 80.6% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 80.7% | — | ||
| Q2 24 | 80.6% | — | ||
| Q1 24 | 80.3% | — |
营业利润率RDWRRMAX
| Q4 25 | — | 13.1% | ||
| Q3 25 | 4.1% | 25.0% | ||
| Q2 25 | 3.8% | 19.3% | ||
| Q1 25 | 2.2% | 7.2% | ||
| Q4 24 | — | 5.9% | ||
| Q3 24 | -0.0% | 19.4% | ||
| Q2 24 | -1.8% | 20.6% | ||
| Q1 24 | -5.6% | 5.8% |
净利率RDWRRMAX
| Q4 25 | — | 2.0% | ||
| Q3 25 | 7.5% | 5.4% | ||
| Q2 25 | 5.7% | 6.4% | ||
| Q1 25 | 6.0% | -2.6% | ||
| Q4 24 | — | 8.0% | ||
| Q3 24 | 4.5% | 1.2% | ||
| Q2 24 | 2.5% | 4.7% | ||
| Q1 24 | -1.9% | -4.3% |
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 | $98.7M | $118.7M |
| 总债务越低越好 | — | $432.2M |
| 股东权益账面价值 | $357.1M | $452.4M |
| 总资产 | $618.7M | $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RDWRRMAX
| Q4 25 | — | $118.7M | ||
| Q3 25 | $98.7M | $107.5M | ||
| Q2 25 | $98.7M | $94.3M | ||
| Q1 25 | $98.7M | $89.1M | ||
| Q4 24 | — | $96.6M | ||
| Q3 24 | $70.5M | $83.8M | ||
| Q2 24 | $70.5M | $66.1M | ||
| Q1 24 | $70.5M | $82.1M |
总债务RDWRRMAX
| 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RDWRRMAX
| Q4 25 | — | $452.4M | ||
| Q3 25 | $357.1M | $448.1M | ||
| Q2 25 | $357.1M | $442.4M | ||
| Q1 25 | $357.1M | $433.5M | ||
| Q4 24 | — | $429.5M | ||
| Q3 24 | $323.3M | $423.1M | ||
| Q2 24 | $323.3M | $418.4M | ||
| Q1 24 | $323.3M | $412.0M |
总资产RDWRRMAX
| Q4 25 | — | $582.5M | ||
| Q3 25 | $618.7M | $582.2M | ||
| Q2 25 | $618.7M | $574.8M | ||
| Q1 25 | $618.7M | $571.4M | ||
| Q4 24 | — | $581.6M | ||
| Q3 24 | $571.9M | $578.6M | ||
| Q2 24 | $571.9M | $571.4M | ||
| Q1 24 | $571.9M | $566.7M |
负债/权益比RDWRRMAX
| 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 | — | $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RDWRRMAX
| Q4 25 | — | $40.9M | ||
| Q3 25 | — | $17.7M | ||
| Q2 25 | $14.5M | $4.6M | ||
| Q1 25 | $22.4M | $5.7M | ||
| Q4 24 | — | $59.7M | ||
| Q3 24 | — | $17.6M | ||
| Q2 24 | $23.0M | $15.9M | ||
| Q1 24 | — | $9.4M |
自由现金流RDWRRMAX
| Q4 25 | — | $33.5M | ||
| Q3 25 | — | $16.4M | ||
| Q2 25 | $11.8M | $2.9M | ||
| Q1 25 | $21.3M | $4.0M | ||
| Q4 24 | — | $53.0M | ||
| Q3 24 | — | $16.3M | ||
| Q2 24 | $22.0M | $14.0M | ||
| Q1 24 | — | $6.8M |
自由现金流率RDWRRMAX
| Q4 25 | — | 47.1% | ||
| Q3 25 | — | 22.4% | ||
| Q2 25 | 15.9% | 4.0% | ||
| Q1 25 | 29.6% | 5.3% | ||
| Q4 24 | — | 73.2% | ||
| Q3 24 | — | 20.8% | ||
| Q2 24 | 32.7% | 17.8% | ||
| Q1 24 | — | 8.6% |
资本支出强度RDWRRMAX
| Q4 25 | — | 10.4% | ||
| Q3 25 | — | 1.8% | ||
| Q2 25 | 3.6% | 2.2% | ||
| Q1 25 | 1.5% | 2.3% | ||
| Q4 24 | — | 9.1% | ||
| Q3 24 | — | 1.7% | ||
| Q2 24 | 1.5% | 2.4% | ||
| Q1 24 | — | 3.3% |
现金转化率RDWRRMAX
| Q4 25 | — | 28.39× | ||
| Q3 25 | — | 4.45× | ||
| Q2 25 | 3.43× | 0.97× | ||
| Q1 25 | 5.17× | — | ||
| Q4 24 | — | 10.28× | ||
| Q3 24 | — | 18.22× | ||
| Q2 24 | 13.84× | 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
RDWR
暂无分部数据
RMAX
| Franchising Segment | $50.1M | 70% |
| Broker Fees | $13.9M | 20% |
| Annual Dues | $7.4M | 10% |
