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Real Brokerage Inc（REAX）与W. P. Carey Inc.（WPC）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W. P. Carey Inc.的1.3倍（$568.5M vs $444.5M），W. P. Carey Inc.净利率更高（33.4% vs -0.1%，领先33.4%），Real Brokerage Inc同比增速更快（52.6% vs 9.4%）
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。
W.P.凯里是一家房地产投资信托企业，主打投资以三净租赁模式租予单一租户的物业。公司注册地位于美国马里兰州，核心办公地点设在纽约市，深耕商业地产投资领域，拥有成熟的运营经验与优质的项目资源。
REAX vs WPC — 直观对比
营收规模更大
REAX
是对方的1.3倍
$444.5M
营收增速更快
REAX
高出43.2%
9.4%
净利率更高
WPC
高出33.4%
-0.1%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $568.5M | $444.5M |
| 净利润 | $-447.0K | $148.3M |
| 毛利率 | 7.9% | — |
| 营业利润率 | -0.1% | 34.5% |
| 净利率 | -0.1% | 33.4% |
| 营收同比 | 52.6% | 9.4% |
| 净利润同比 | 82.7% | 215.4% |
| 每股收益（稀释后） | $0.00 | — |
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REAXWPC
| Q4 25 | — | $444.5M | ||
| Q3 25 | $568.5M | $431.3M | ||
| Q2 25 | $540.7M | $430.8M | ||
| Q1 25 | $354.0M | $409.9M | ||
| Q4 24 | — | $406.2M | ||
| Q3 24 | $372.5M | $397.4M | ||
| Q2 24 | — | $389.7M | ||
| Q1 24 | $200.7M | $389.8M |
净利润REAXWPC
| Q4 25 | — | $148.3M | ||
| Q3 25 | $-447.0K | $141.0M | ||
| Q2 25 | $1.5M | $51.2M | ||
| Q1 25 | $-5.0M | $125.8M | ||
| Q4 24 | — | $47.0M | ||
| Q3 24 | $-2.6M | $111.7M | ||
| Q2 24 | — | $142.9M | ||
| Q1 24 | $-16.1M | $159.2M |
毛利率REAXWPC
| 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REAXWPC
| Q4 25 | — | 34.5% | ||
| Q3 25 | -0.1% | 34.7% | ||
| Q2 25 | 0.3% | 15.0% | ||
| Q1 25 | -1.5% | 33.5% | ||
| Q4 24 | — | 13.5% | ||
| Q3 24 | -0.7% | 30.4% | ||
| Q2 24 | — | 38.3% | ||
| Q1 24 | -7.8% | 43.0% |
净利率REAXWPC
| Q4 25 | — | 33.4% | ||
| Q3 25 | -0.1% | 32.7% | ||
| Q2 25 | 0.3% | 11.9% | ||
| Q1 25 | -1.4% | 30.7% | ||
| Q4 24 | — | 11.6% | ||
| Q3 24 | -0.7% | 28.1% | ||
| Q2 24 | — | 36.7% | ||
| Q1 24 | -8.0% | 40.8% |
每股收益（稀释后）REAXWPC
| Q4 25 | — | — | ||
| Q3 25 | $0.00 | — | ||
| Q2 25 | $0.01 | — | ||
| Q1 25 | $-0.02 | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $-0.01 | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $-0.09 | — |
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 | $155.3M |
| 总债务越低越好 | — | $8.7B |
| 股东权益账面价值 | $53.6M | $8.1B |
| 总资产 | $145.2M | $18.0B |
| 负债/权益比越低杠杆越低 | — | 1.07× |
8季度趋势，按日历期对齐
现金及短期投资REAXWPC
| Q4 25 | — | $155.3M | ||
| Q3 25 | $38.7M | $249.0M | ||
| Q2 25 | $49.7M | $244.8M | ||
| Q1 25 | $24.7M | $187.8M | ||
| Q4 24 | — | $640.4M | ||
| Q3 24 | $22.6M | $818.2M | ||
| Q2 24 | — | $1.1B | ||
| Q1 24 | $20.1M | $777.0M |
总债务REAXWPC
| Q4 25 | — | $8.7B | ||
| Q3 25 | — | $8.7B | ||
| Q2 25 | — | $8.6B | ||
| Q1 25 | — | $7.9B | ||
| Q4 24 | — | $8.0B | ||
| Q3 24 | — | $8.0B | ||
| Q2 24 | — | $8.1B | ||
| Q1 24 | — | $7.9B |
股东权益REAXWPC
| Q4 25 | — | $8.1B | ||
| Q3 25 | $53.6M | $8.2B | ||
| Q2 25 | $49.2M | $8.2B | ||
| Q1 25 | $32.8M | $8.4B | ||
| Q4 24 | — | $8.4B | ||
| Q3 24 | $29.8M | $8.6B | ||
| Q2 24 | — | $8.6B | ||
| Q1 24 | $25.6M | $8.7B |
总资产REAXWPC
| Q4 25 | — | $18.0B | ||
| Q3 25 | $145.2M | $18.0B | ||
| Q2 25 | $149.4M | $18.0B | ||
| Q1 25 | $100.5M | $17.3B | ||
| Q4 24 | — | $17.5B | ||
| Q3 24 | $102.5M | $17.6B | ||
| Q2 24 | — | $17.8B | ||
| Q1 24 | — | $17.6B |
负债/权益比REAXWPC
| Q4 25 | — | 1.07× | ||
| Q3 25 | — | 1.06× | ||
| Q2 25 | — | 1.05× | ||
| Q1 25 | — | 0.94× | ||
| Q4 24 | — | 0.95× | ||
| Q3 24 | — | 0.93× | ||
| Q2 24 | — | 0.94× | ||
| Q1 24 | — | 0.91× |
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 | $304.6M |
| 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 | — | 2.05× |
| 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REAXWPC
| Q4 25 | — | $304.6M | ||
| Q3 25 | $8.8M | $300.5M | ||
| Q2 25 | $41.0M | $404.0M | ||
| Q1 25 | $15.9M | $273.2M | ||
| Q4 24 | — | $296.3M | ||
| Q3 24 | $7.2M | $280.2M | ||
| Q2 24 | — | $221.0M | ||
| Q1 24 | $21.5M | $1.0B |
自由现金流REAXWPC
| Q4 25 | — | — | ||
| Q3 25 | $8.4M | — | ||
| Q2 25 | $40.8M | — | ||
| Q1 25 | $15.7M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $6.8M | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $21.4M | — |
自由现金流率REAXWPC
| Q4 25 | — | — | ||
| Q3 25 | 1.5% | — | ||
| Q2 25 | 7.5% | — | ||
| Q1 25 | 4.4% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.8% | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 10.7% | — |
资本支出强度REAXWPC
| Q4 25 | — | — | ||
| Q3 25 | 0.1% | — | ||
| Q2 25 | 0.0% | — | ||
| Q1 25 | 0.1% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.1% | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 0.0% | — |
现金转化率REAXWPC
| Q4 25 | — | 2.05× | ||
| Q3 25 | — | 2.13× | ||
| Q2 25 | 27.13× | 7.89× | ||
| Q1 25 | — | 2.17× | ||
| Q4 24 | — | 6.30× | ||
| Q3 24 | — | 2.51× | ||
| Q2 24 | — | 1.55× | ||
| Q1 24 | — | 6.50× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
