vs
Real Brokerage Inc（REAX）与WESTERN ALLIANCE BANCORPORATION（WAL）财务数据对比。点击上方公司名可切换其他公司
WESTERN ALLIANCE BANCORPORATION的季度营收约是Real Brokerage Inc的1.8倍（$1.0B vs $568.5M），WESTERN ALLIANCE BANCORPORATION净利率更高（18.6% vs -0.1%，领先18.6%），Real Brokerage Inc同比增速更快（52.6% vs 31.0%）
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。
Western Alliance Bancorporation是总部位于美国菲尼克斯的区域性银行控股公司，长期深耕美国本土区域金融服务市场，目前已跻身美国最大银行行列，在福布斯发布的美国最佳银行榜单中排名第97位。
REAX vs WAL — 直观对比
营收规模更大
WAL
是对方的1.8倍
$568.5M
营收增速更快
REAX
高出21.7%
31.0%
净利率更高
WAL
高出18.6%
-0.1%
损益表 — Q3 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $568.5M | $1.0B |
| 净利润 | $-447.0K | $189.2M |
| 毛利率 | 7.9% | — |
| 营业利润率 | -0.1% | — |
| 净利率 | -0.1% | 18.6% |
| 营收同比 | 52.6% | 31.0% |
| 净利润同比 | 82.7% | -5.0% |
| 每股收益（稀释后） | $0.00 | $1.65 |
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REAXWAL
| Q1 26 | — | $1.0B | ||
| Q4 25 | — | $980.9M | ||
| Q3 25 | $568.5M | $938.2M | ||
| Q2 25 | $540.7M | $845.9M | ||
| Q1 25 | $354.0M | $778.0M | ||
| Q4 24 | — | $838.4M | ||
| Q3 24 | $372.5M | $823.1M | ||
| Q2 24 | — | $771.8M |
净利润REAXWAL
| Q1 26 | — | $189.2M | ||
| Q4 25 | — | $286.1M | ||
| Q3 25 | $-447.0K | $253.4M | ||
| Q2 25 | $1.5M | $230.4M | ||
| Q1 25 | $-5.0M | $199.1M | ||
| Q4 24 | — | $216.9M | ||
| Q3 24 | $-2.6M | $199.8M | ||
| Q2 24 | — | $193.6M |
毛利率REAXWAL
| 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REAXWAL
| Q1 26 | — | — | ||
| Q4 25 | — | 36.3% | ||
| Q3 25 | -0.1% | 33.4% | ||
| Q2 25 | 0.3% | 34.4% | ||
| Q1 25 | -1.5% | 31.7% | ||
| Q4 24 | — | 30.9% | ||
| Q3 24 | -0.7% | 30.6% | ||
| Q2 24 | — | 32.1% |
净利率REAXWAL
| Q1 26 | — | 18.6% | ||
| Q4 25 | — | 29.2% | ||
| Q3 25 | -0.1% | 27.0% | ||
| Q2 25 | 0.3% | 27.2% | ||
| Q1 25 | -1.4% | 25.6% | ||
| Q4 24 | — | 25.9% | ||
| Q3 24 | -0.7% | 24.3% | ||
| Q2 24 | — | 25.1% |
每股收益（稀释后）REAXWAL
| Q1 26 | — | $1.65 | ||
| Q4 25 | — | $2.59 | ||
| Q3 25 | $0.00 | $2.28 | ||
| Q2 25 | $0.01 | $2.07 | ||
| Q1 25 | $-0.02 | $1.79 | ||
| Q4 24 | — | $1.94 | ||
| Q3 24 | $-0.01 | $1.80 | ||
| Q2 24 | — | $1.75 |
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 | — |
| 总债务越低越好 | — | $4.3B |
| 股东权益账面价值 | $53.6M | $7.9B |
| 总资产 | $145.2M | $98.9B |
| 负债/权益比越低杠杆越低 | — | 0.54× |
8季度趋势，按日历期对齐
现金及短期投资REAXWAL
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | $38.7M | — | ||
| Q2 25 | $49.7M | — | ||
| Q1 25 | $24.7M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $22.6M | — | ||
| Q2 24 | — | — |
总债务REAXWAL
| Q1 26 | — | $4.3B | ||
| Q4 25 | — | $1.4B | ||
| Q3 25 | — | $2.9B | ||
| Q2 25 | — | $2.9B | ||
| Q1 25 | — | $1.6B | ||
| Q4 24 | — | $2.4B | ||
| Q3 24 | — | $1.4B | ||
| Q2 24 | — | $436.0M |
股东权益REAXWAL
| Q1 26 | — | $7.9B | ||
| Q4 25 | — | $7.7B | ||
| Q3 25 | $53.6M | $7.4B | ||
| Q2 25 | $49.2M | $7.1B | ||
| Q1 25 | $32.8M | $6.9B | ||
| Q4 24 | — | $6.7B | ||
| Q3 24 | $29.8M | $6.7B | ||
| Q2 24 | — | $6.3B |
总资产REAXWAL
| Q1 26 | — | $98.9B | ||
| Q4 25 | — | $92.8B | ||
| Q3 25 | $145.2M | $91.0B | ||
| Q2 25 | $149.4M | $86.7B | ||
| Q1 25 | $100.5M | $83.0B | ||
| Q4 24 | — | $80.9B | ||
| Q3 24 | $102.5M | $80.1B | ||
| Q2 24 | — | $80.6B |
负债/权益比REAXWAL
| Q1 26 | — | 0.54× | ||
| Q4 25 | — | 0.18× | ||
| Q3 25 | — | 0.39× | ||
| Q2 25 | — | 0.41× | ||
| Q1 25 | — | 0.23× | ||
| Q4 24 | — | 0.36× | ||
| Q3 24 | — | 0.21× | ||
| Q2 24 | — | 0.07× |
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 | $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REAXWAL
| Q1 26 | — | — | ||
| Q4 25 | — | $-2.7B | ||
| Q3 25 | $8.8M | $-597.4M | ||
| Q2 25 | $41.0M | $-357.7M | ||
| Q1 25 | $15.9M | $-1.7B | ||
| Q4 24 | — | $-2.7B | ||
| Q3 24 | $7.2M | $-1.1B | ||
| Q2 24 | — | $-745.8M |
自由现金流REAXWAL
| 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REAXWAL
| 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REAXWAL
| 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REAXWAL
| Q1 26 | — | — | ||
| Q4 25 | — | -9.36× | ||
| Q3 25 | — | -2.36× | ||
| Q2 25 | 27.13× | -1.55× | ||
| Q1 25 | — | -8.31× | ||
| Q4 24 | — | -12.64× | ||
| Q3 24 | — | -5.35× | ||
| Q2 24 | — | -3.85× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
