vs
Real Brokerage Inc（REAX）与永利度假村有限公司（RRR）财务数据对比。点击上方公司名可切换其他公司
Real Brokerage Inc的季度营收约是永利度假村有限公司的1.1倍（$568.5M vs $511.8M），永利度假村有限公司净利率更高（8.7% vs -0.1%，领先8.8%），Real Brokerage Inc同比增速更快（52.6% vs 3.2%），永利度假村有限公司自由现金流更多（$77.7M vs $8.4M）
该企业是美国房产服务企业，主营房产经纪业务运营与品牌特许经营，业务覆盖房产中介、 relocation服务、产权服务、保险及结算服务，旗下拥有Better Homes and Gardens Real Estate、21世纪不动产、Coldwell Banker、Corcoran Group、ERA房地产以及苏富比国际地产等多个知名品牌，2026年被Compass, Inc.收购。
永利度假村有限公司是总部位于美国内华达州帕拉代斯的上市企业，专注于高端酒店与赌场的开发及运营。公司由前梦幻度假村集团董事长兼首席执行官史蒂夫·永利于2002年创立，现任首席执行官为克雷格·比林斯，截至2020年共开发了6处物业。
REAX vs RRR — 直观对比
营收规模更大
REAX
是对方的1.1倍
$511.8M
营收增速更快
REAX
高出49.4%
3.2%
净利率更高
RRR
高出8.8%
-0.1%
自由现金流更多
RRR
多$69.3M
$8.4M
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $568.5M | $511.8M |
| 净利润 | $-447.0K | $44.7M |
| 毛利率 | 7.9% | — |
| 营业利润率 | -0.1% | 28.1% |
| 净利率 | -0.1% | 8.7% |
| 营收同比 | 52.6% | 3.2% |
| 净利润同比 | 82.7% | -4.1% |
| 每股收益（稀释后） | $0.00 | $0.74 |
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REAXRRR
| Q4 25 | — | $511.8M | ||
| Q3 25 | $568.5M | $475.6M | ||
| Q2 25 | $540.7M | $526.3M | ||
| Q1 25 | $354.0M | $497.9M | ||
| Q4 24 | — | $495.7M | ||
| Q3 24 | $372.5M | $468.0M | ||
| Q2 24 | — | $486.4M | ||
| Q1 24 | $200.7M | $488.9M |
净利润REAXRRR
| Q4 25 | — | $44.7M | ||
| Q3 25 | $-447.0K | $42.3M | ||
| Q2 25 | $1.5M | $56.4M | ||
| Q1 25 | $-5.0M | $44.7M | ||
| Q4 24 | — | $46.6M | ||
| Q3 24 | $-2.6M | $29.0M | ||
| Q2 24 | — | $35.7M | ||
| Q1 24 | $-16.1M | $42.8M |
毛利率REAXRRR
| Q4 25 | — | — | ||
| Q3 25 | 7.9% | — | ||
| Q2 25 | 8.9% | — | ||
| Q1 25 | 9.6% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 8.6% | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 10.3% | — |
营业利润率REAXRRR
| Q4 25 | — | 28.1% | ||
| Q3 25 | -0.1% | 27.6% | ||
| Q2 25 | 0.3% | 31.9% | ||
| Q1 25 | -1.5% | 31.0% | ||
| Q4 24 | — | 28.7% | ||
| Q3 24 | -0.7% | 27.9% | ||
| Q2 24 | — | 28.8% | ||
| Q1 24 | -7.8% | 31.8% |
净利率REAXRRR
| Q4 25 | — | 8.7% | ||
| Q3 25 | -0.1% | 8.9% | ||
| Q2 25 | 0.3% | 10.7% | ||
| Q1 25 | -1.4% | 9.0% | ||
| Q4 24 | — | 9.4% | ||
| Q3 24 | -0.7% | 6.2% | ||
| Q2 24 | — | 7.3% | ||
| Q1 24 | -8.0% | 8.8% |
每股收益（稀释后）REAXRRR
| Q4 25 | — | $0.74 | ||
| Q3 25 | $0.00 | $0.68 | ||
| Q2 25 | $0.01 | $0.95 | ||
| Q1 25 | $-0.02 | $0.75 | ||
| Q4 24 | — | $0.78 | ||
| Q3 24 | $-0.01 | $0.48 | ||
| Q2 24 | — | $0.59 | ||
| Q1 24 | $-0.09 | $0.68 |
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 | $38.7M | $142.5M |
| 总债务越低越好 | — | $3.4B |
| 股东权益账面价值 | $53.6M | $208.3M |
| 总资产 | $145.2M | $4.2B |
| 负债/权益比越低杠杆越低 | — | 16.30× |
8季度趋势，按日历期对齐
现金及短期投资REAXRRR
| Q4 25 | — | $142.5M | ||
| Q3 25 | $38.7M | $129.8M | ||
| Q2 25 | $49.7M | $145.2M | ||
| Q1 25 | $24.7M | $150.6M | ||
| Q4 24 | — | $164.4M | ||
| Q3 24 | $22.6M | $117.5M | ||
| Q2 24 | — | $136.4M | ||
| Q1 24 | $20.1M | $129.7M |
总债务REAXRRR
| Q4 25 | — | $3.4B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $3.4B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益REAXRRR
| Q4 25 | — | $208.3M | ||
| Q3 25 | $53.6M | $219.6M | ||
| Q2 25 | $49.2M | $203.4M | ||
| Q1 25 | $32.8M | $247.1M | ||
| Q4 24 | — | $215.1M | ||
| Q3 24 | $29.8M | $175.5M | ||
| Q2 24 | — | $159.0M | ||
| Q1 24 | $25.6M | $135.2M |
总资产REAXRRR
| Q4 25 | — | $4.2B | ||
| Q3 25 | $145.2M | $4.1B | ||
| Q2 25 | $149.4M | $4.0B | ||
| Q1 25 | $100.5M | $4.1B | ||
| Q4 24 | — | $4.0B | ||
| Q3 24 | $102.5M | $4.0B | ||
| Q2 24 | — | $4.0B | ||
| Q1 24 | — | $4.0B |
负债/权益比REAXRRR
| Q4 25 | — | 16.30× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 15.84× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $8.8M | $156.6M |
| 自由现金流经营现金流 - 资本支出 | $8.4M | $77.7M |
| 自由现金流率自由现金流/营收 | 1.5% | 15.2% |
| 资本支出强度资本支出/营收 | 0.1% | 15.4% |
| 现金转化率经营现金流/净利润 | — | 3.51× |
| 过去12个月自由现金流最近4个季度 | $71.7M | $290.5M |
8季度趋势，按日历期对齐
经营现金流REAXRRR
| Q4 25 | — | $156.6M | ||
| Q3 25 | $8.8M | $168.3M | ||
| Q2 25 | $41.0M | $158.4M | ||
| Q1 25 | $15.9M | $126.2M | ||
| Q4 24 | — | $148.2M | ||
| Q3 24 | $7.2M | $131.0M | ||
| Q2 24 | — | $142.5M | ||
| Q1 24 | $21.5M | $126.5M |
自由现金流REAXRRR
| Q4 25 | — | $77.7M | ||
| Q3 25 | $8.4M | $74.6M | ||
| Q2 25 | $40.8M | $80.3M | ||
| Q1 25 | $15.7M | $58.0M | ||
| Q4 24 | — | $121.4M | ||
| Q3 24 | $6.8M | $50.7M | ||
| Q2 24 | — | $64.0M | ||
| Q1 24 | $21.4M | $28.4M |
自由现金流率REAXRRR
| Q4 25 | — | 15.2% | ||
| Q3 25 | 1.5% | 15.7% | ||
| Q2 25 | 7.5% | 15.3% | ||
| Q1 25 | 4.4% | 11.6% | ||
| Q4 24 | — | 24.5% | ||
| Q3 24 | 1.8% | 10.8% | ||
| Q2 24 | — | 13.1% | ||
| Q1 24 | 10.7% | 5.8% |
资本支出强度REAXRRR
| Q4 25 | — | 15.4% | ||
| Q3 25 | 0.1% | 19.7% | ||
| Q2 25 | 0.0% | 14.9% | ||
| Q1 25 | 0.1% | 13.7% | ||
| Q4 24 | — | 5.4% | ||
| Q3 24 | 0.1% | 17.2% | ||
| Q2 24 | — | 16.2% | ||
| Q1 24 | 0.0% | 20.1% |
现金转化率REAXRRR
| Q4 25 | — | 3.51× | ||
| Q3 25 | — | 3.98× | ||
| Q2 25 | 27.13× | 2.81× | ||
| Q1 25 | — | 2.82× | ||
| Q4 24 | — | 3.18× | ||
| Q3 24 | — | 4.53× | ||
| Q2 24 | — | 4.00× | ||
| Q1 24 | — | 2.95× |
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
REAX
暂无分部数据
RRR
| Casino | $343.0M | 67% |
| Food And Beverage | $93.3M | 18% |
| Occupancy | $47.2M | 9% |
| Hotel Other | $24.6M | 5% |
