vs
Real Brokerage Inc（REAX）与医疗房产信托（SVC）财务数据对比。点击上方公司名可切换其他公司
Real Brokerage Inc的季度营收约是医疗房产信托的1.9倍（$568.5M vs $296.5M），Real Brokerage Inc净利率更高（-0.1% vs -0.3%，领先0.2%），Real Brokerage Inc同比增速更快（52.6% vs -17.0%），Real Brokerage Inc自由现金流更多（$8.4M vs $-95.2M）
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。
医疗房产信托（MPT）是总部位于阿拉巴马州伯明翰的国际房地产投资信托（REIT），主要在美国和欧洲地区收购投资医疗设施与营利性医疗控股公司。该公司的房产收购多采用售后回租模式，原产权方出售房产给MPT后成为承租租户，其租户普遍签订长期三净租约。
REAX vs SVC — 直观对比
营收规模更大
REAX
是对方的1.9倍
$296.5M
营收增速更快
REAX
高出69.6%
-17.0%
净利率更高
REAX
高出0.2%
-0.3%
自由现金流更多
REAX
多$103.6M
$-95.2M
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $568.5M | $296.5M |
| 净利润 | $-447.0K | $-782.0K |
| 毛利率 | 7.9% | — |
| 营业利润率 | -0.1% | -3.9% |
| 净利率 | -0.1% | -0.3% |
| 营收同比 | 52.6% | -17.0% |
| 净利润同比 | 82.7% | 99.0% |
| 每股收益（稀释后） | $0.00 | $-0.01 |
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REAXSVC
| Q4 25 | — | $296.5M | ||
| Q3 25 | $568.5M | $377.6M | ||
| Q2 25 | $540.7M | $404.4M | ||
| Q1 25 | $354.0M | $335.0M | ||
| Q4 24 | — | $357.0M | ||
| Q3 24 | $372.5M | $390.9M | ||
| Q2 24 | — | $412.5M | ||
| Q1 24 | $200.7M | $336.2M |
净利润REAXSVC
| Q4 25 | — | $-782.0K | ||
| Q3 25 | $-447.0K | $-46.9M | ||
| Q2 25 | $1.5M | $-38.2M | ||
| Q1 25 | $-5.0M | $-116.4M | ||
| Q4 24 | — | $-76.4M | ||
| Q3 24 | $-2.6M | $-46.9M | ||
| Q2 24 | — | $-73.8M | ||
| Q1 24 | $-16.1M | $-78.4M |
毛利率REAXSVC
| 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REAXSVC
| Q4 25 | — | -3.9% | ||
| Q3 25 | -0.1% | -12.8% | ||
| Q2 25 | 0.3% | -9.2% | ||
| Q1 25 | -1.5% | -33.3% | ||
| Q4 24 | — | -19.4% | ||
| Q3 24 | -0.7% | -12.8% | ||
| Q2 24 | — | -17.1% | ||
| Q1 24 | -7.8% | -21.4% |
净利率REAXSVC
| Q4 25 | — | -0.3% | ||
| Q3 25 | -0.1% | -12.4% | ||
| Q2 25 | 0.3% | -9.4% | ||
| Q1 25 | -1.4% | -34.8% | ||
| Q4 24 | — | -21.4% | ||
| Q3 24 | -0.7% | -12.0% | ||
| Q2 24 | — | -17.9% | ||
| Q1 24 | -8.0% | -23.3% |
每股收益（稀释后）REAXSVC
| Q4 25 | — | $-0.01 | ||
| Q3 25 | $0.00 | $-0.28 | ||
| Q2 25 | $0.01 | $-0.23 | ||
| Q1 25 | $-0.02 | $-0.70 | ||
| Q4 24 | — | $-0.46 | ||
| Q3 24 | $-0.01 | $-0.28 | ||
| Q2 24 | — | $-0.45 | ||
| Q1 24 | $-0.09 | $-0.48 |
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 | $346.8M |
| 总债务越低越好 | — | $5.5B |
| 股东权益账面价值 | $53.6M | $646.1M |
| 总资产 | $145.2M | $6.5B |
| 负债/权益比越低杠杆越低 | — | 8.52× |
8季度趋势，按日历期对齐
现金及短期投资REAXSVC
| Q4 25 | — | $346.8M | ||
| Q3 25 | $38.7M | $417.4M | ||
| Q2 25 | $49.7M | $63.2M | ||
| Q1 25 | $24.7M | $80.1M | ||
| Q4 24 | — | $143.5M | ||
| Q3 24 | $22.6M | $48.6M | ||
| Q2 24 | — | $14.6M | ||
| Q1 24 | $20.1M | $71.3M |
总债务REAXSVC
| Q4 25 | — | $5.5B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $5.8B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益REAXSVC
| Q4 25 | — | $646.1M | ||
| Q3 25 | $53.6M | $647.9M | ||
| Q2 25 | $49.2M | $695.9M | ||
| Q1 25 | $32.8M | $734.6M | ||
| Q4 24 | — | $851.9M | ||
| Q3 24 | $29.8M | $929.0M | ||
| Q2 24 | — | $1.0B | ||
| Q1 24 | $25.6M | $1.1B |
总资产REAXSVC
| Q4 25 | — | $6.5B | ||
| Q3 25 | $145.2M | $7.0B | ||
| Q2 25 | $149.4M | $6.9B | ||
| Q1 25 | $100.5M | $7.0B | ||
| Q4 24 | — | $7.1B | ||
| Q3 24 | $102.5M | $7.1B | ||
| Q2 24 | — | $7.1B | ||
| Q1 24 | — | $7.2B |
负债/权益比REAXSVC
| Q4 25 | — | 8.52× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 6.85× | ||
| 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 | $-18.5M |
| 自由现金流经营现金流 - 资本支出 | $8.4M | $-95.2M |
| 自由现金流率自由现金流/营收 | 1.5% | -32.1% |
| 资本支出强度资本支出/营收 | 0.1% | 25.9% |
| 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 | $-107.0M |
8季度趋势，按日历期对齐
经营现金流REAXSVC
| Q4 25 | — | $-18.5M | ||
| Q3 25 | $8.8M | $98.1M | ||
| Q2 25 | $41.0M | $-7.0K | ||
| Q1 25 | $15.9M | $38.2M | ||
| Q4 24 | — | $-9.7M | ||
| Q3 24 | $7.2M | $106.2M | ||
| Q2 24 | — | $43.8M | ||
| Q1 24 | $21.5M | $-926.0K |
自由现金流REAXSVC
| Q4 25 | — | $-95.2M | ||
| Q3 25 | $8.4M | $57.9M | ||
| Q2 25 | $40.8M | $-46.6M | ||
| Q1 25 | $15.7M | $-23.2M | ||
| Q4 24 | — | $-88.9M | ||
| Q3 24 | $6.8M | $24.1M | ||
| Q2 24 | — | $-22.3M | ||
| Q1 24 | $21.4M | $-77.2M |
自由现金流率REAXSVC
| Q4 25 | — | -32.1% | ||
| Q3 25 | 1.5% | 15.3% | ||
| Q2 25 | 7.5% | -11.5% | ||
| Q1 25 | 4.4% | -6.9% | ||
| Q4 24 | — | -24.9% | ||
| Q3 24 | 1.8% | 6.2% | ||
| Q2 24 | — | -5.4% | ||
| Q1 24 | 10.7% | -23.0% |
资本支出强度REAXSVC
| Q4 25 | — | 25.9% | ||
| Q3 25 | 0.1% | 10.6% | ||
| Q2 25 | 0.0% | 11.5% | ||
| Q1 25 | 0.1% | 18.3% | ||
| Q4 24 | — | 22.2% | ||
| Q3 24 | 0.1% | 21.0% | ||
| Q2 24 | — | 16.0% | ||
| Q1 24 | 0.0% | 22.7% |
现金转化率REAXSVC
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 27.13× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
