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Real Brokerage Inc（REAX）与SLM Corp（SLM）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SLM Corp的1.0倍（$568.5M vs $560.0M），SLM Corp净利率更高（55.0% vs -0.1%，领先55.1%）
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。
尼康旗下SLM Solutions AG总部位于德国吕贝克，是金属3D打印机领域的上市生产商，共同拥有SLM文字商标，集团股份自2014年5月9日起在法兰克福证券交易所高级市场板块挂牌交易。
REAX vs SLM — 直观对比
营收规模更大
REAX
是对方的1.0倍
$560.0M
净利率更高
SLM
高出55.1%
-0.1%
损益表 — Q3 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $568.5M | $560.0M |
| 净利润 | $-447.0K | $308.0M |
| 毛利率 | 7.9% | — |
| 营业利润率 | -0.1% | — |
| 净利率 | -0.1% | 55.0% |
| 营收同比 | 52.6% | — |
| 净利润同比 | 82.7% | 1.0% |
| 每股收益（稀释后） | $0.00 | $1.54 |
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REAXSLM
| Q1 26 | — | $560.0M | ||
| Q4 25 | — | $377.1M | ||
| Q3 25 | $568.5M | $373.0M | ||
| Q2 25 | $540.7M | $376.8M | ||
| Q1 25 | $354.0M | $375.0M | ||
| Q4 24 | — | $362.2M | ||
| Q3 24 | $372.5M | $359.4M | ||
| Q2 24 | — | $372.2M |
净利润REAXSLM
| Q1 26 | — | $308.0M | ||
| Q4 25 | — | $233.2M | ||
| Q3 25 | $-447.0K | $135.8M | ||
| Q2 25 | $1.5M | $71.3M | ||
| Q1 25 | $-5.0M | $304.5M | ||
| Q4 24 | — | $111.6M | ||
| Q3 24 | $-2.6M | $-45.2M | ||
| Q2 24 | — | $252.0M |
毛利率REAXSLM
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 7.9% | — | ||
| Q2 25 | 8.9% | — | ||
| Q1 25 | 9.6% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 8.6% | — | ||
| Q2 24 | — | — |
营业利润率REAXSLM
| Q1 26 | — | — | ||
| Q4 25 | — | 83.8% | ||
| Q3 25 | -0.1% | 49.8% | ||
| Q2 25 | 0.3% | 23.3% | ||
| Q1 25 | -1.5% | — | ||
| Q4 24 | — | 36.5% | ||
| Q3 24 | -0.7% | -16.6% | ||
| Q2 24 | — | 91.0% |
净利率REAXSLM
| Q1 26 | — | 55.0% | ||
| Q4 25 | — | 61.8% | ||
| Q3 25 | -0.1% | 36.4% | ||
| Q2 25 | 0.3% | 18.9% | ||
| Q1 25 | -1.4% | 81.2% | ||
| Q4 24 | — | 30.8% | ||
| Q3 24 | -0.7% | -12.6% | ||
| Q2 24 | — | 67.7% |
每股收益（稀释后）REAXSLM
| Q1 26 | — | $1.54 | ||
| Q4 25 | — | $1.11 | ||
| Q3 25 | $0.00 | $0.63 | ||
| Q2 25 | $0.01 | $0.32 | ||
| Q1 25 | $-0.02 | $1.40 | ||
| Q4 24 | — | $0.53 | ||
| Q3 24 | $-0.01 | $-0.23 | ||
| Q2 24 | — | $1.11 |
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 | $5.2B |
| 总债务越低越好 | — | $6.2B |
| 股东权益账面价值 | $53.6M | $2.4B |
| 总资产 | $145.2M | $29.4B |
| 负债/权益比越低杠杆越低 | — | 2.53× |
8季度趋势，按日历期对齐
现金及短期投资REAXSLM
| Q1 26 | — | $5.2B | ||
| Q4 25 | — | $4.2B | ||
| Q3 25 | $38.7M | $3.5B | ||
| Q2 25 | $49.7M | $4.1B | ||
| Q1 25 | $24.7M | $3.7B | ||
| Q4 24 | — | $4.7B | ||
| Q3 24 | $22.6M | $4.5B | ||
| Q2 24 | — | $5.3B |
总债务REAXSLM
| Q1 26 | — | $6.2B | ||
| Q4 25 | — | $5.4B | ||
| Q3 25 | — | $6.8B | ||
| Q2 25 | — | $6.4B | ||
| Q1 25 | — | $6.1B | ||
| Q4 24 | — | $6.4B | ||
| Q3 24 | — | $6.0B | ||
| Q2 24 | — | $5.4B |
股东权益REAXSLM
| Q1 26 | — | $2.4B | ||
| Q4 25 | — | $2.5B | ||
| Q3 25 | $53.6M | $2.3B | ||
| Q2 25 | $49.2M | $2.4B | ||
| Q1 25 | $32.8M | $2.4B | ||
| Q4 24 | — | $2.2B | ||
| Q3 24 | $29.8M | $2.1B | ||
| Q2 24 | — | $2.3B |
总资产REAXSLM
| Q1 26 | — | $29.4B | ||
| Q4 25 | — | $29.7B | ||
| Q3 25 | $145.2M | $29.6B | ||
| Q2 25 | $149.4M | $29.6B | ||
| Q1 25 | $100.5M | $28.9B | ||
| Q4 24 | — | $30.1B | ||
| Q3 24 | $102.5M | $30.0B | ||
| Q2 24 | — | $28.8B |
负债/权益比REAXSLM
| Q1 26 | — | 2.53× | ||
| Q4 25 | — | 2.19× | ||
| Q3 25 | — | 2.92× | ||
| Q2 25 | — | 2.70× | ||
| Q1 25 | — | 2.56× | ||
| Q4 24 | — | 2.98× | ||
| Q3 24 | — | 2.83× | ||
| Q2 24 | — | 2.37× |
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 | — |
| 自由现金流经营现金流 - 资本支出 | $8.4M | — |
| 自由现金流率自由现金流/营收 | 1.5% | — |
| 资本支出强度资本支出/营收 | 0.1% | — |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $71.7M | — |
8季度趋势，按日历期对齐
经营现金流REAXSLM
| Q1 26 | — | — | ||
| Q4 25 | — | $-64.5M | ||
| Q3 25 | $8.8M | $-49.3M | ||
| Q2 25 | $41.0M | $-138.7M | ||
| Q1 25 | $15.9M | $-146.1M | ||
| Q4 24 | — | $4.5M | ||
| Q3 24 | $7.2M | $-113.4M | ||
| Q2 24 | — | $-143.8M |
自由现金流REAXSLM
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | $8.4M | — | ||
| Q2 25 | $40.8M | — | ||
| Q1 25 | $15.7M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $6.8M | — | ||
| Q2 24 | — | — |
自由现金流率REAXSLM
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 1.5% | — | ||
| Q2 25 | 7.5% | — | ||
| Q1 25 | 4.4% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.8% | — | ||
| Q2 24 | — | — |
资本支出强度REAXSLM
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 0.1% | — | ||
| Q2 25 | 0.0% | — | ||
| Q1 25 | 0.1% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.1% | — | ||
| Q2 24 | — | — |
现金转化率REAXSLM
| Q1 26 | — | — | ||
| Q4 25 | — | -0.28× | ||
| Q3 25 | — | -0.36× | ||
| Q2 25 | 27.13× | -1.95× | ||
| Q1 25 | — | -0.48× | ||
| Q4 24 | — | 0.04× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | -0.57× |
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
SLM
| Net Interest Income | $375.0M | 67% |
| Noninterest Income | $185.0M | 33% |
