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Real Brokerage Inc（REAX）与WillScot Holdings Corp（WSC）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WillScot Holdings Corp的1.0倍（$568.5M vs $566.0M），Real Brokerage Inc净利率更高（-0.1% vs -33.1%，领先33.0%），Real Brokerage Inc同比增速更快（52.6% vs -6.1%），WillScot Holdings Corp自由现金流更多（$149.7M 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。
WillScot Holdings Corp是北美领先的模块化空间及便携式存储服务供应商，服务覆盖建筑、商业开发、教育、医疗、政府项目、特殊活动等多个领域，为客户提供灵活可扩展的临时及半永久空间解决方案。
REAX vs WSC — 直观对比
营收规模更大
REAX
是对方的1.0倍
$566.0M
营收增速更快
REAX
高出58.7%
-6.1%
净利率更高
REAX
高出33.0%
-33.1%
自由现金流更多
WSC
多$141.3M
$8.4M
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $568.5M | $566.0M |
| 净利润 | $-447.0K | $-187.3M |
| 毛利率 | 7.9% | 50.4% |
| 营业利润率 | -0.1% | -32.5% |
| 净利率 | -0.1% | -33.1% |
| 营收同比 | 52.6% | -6.1% |
| 净利润同比 | 82.7% | -310.0% |
| 每股收益（稀释后） | $0.00 | $-1.02 |
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REAXWSC
| Q4 25 | — | $566.0M | ||
| Q3 25 | $568.5M | $566.8M | ||
| Q2 25 | $540.7M | $589.1M | ||
| Q1 25 | $354.0M | $559.6M | ||
| Q4 24 | — | $602.5M | ||
| Q3 24 | $372.5M | $601.4M | ||
| Q2 24 | — | $604.6M | ||
| Q1 24 | $200.7M | $587.2M |
净利润REAXWSC
| Q4 25 | — | $-187.3M | ||
| Q3 25 | $-447.0K | $43.3M | ||
| Q2 25 | $1.5M | $47.9M | ||
| Q1 25 | $-5.0M | $43.1M | ||
| Q4 24 | — | $89.2M | ||
| Q3 24 | $-2.6M | $-70.5M | ||
| Q2 24 | — | $-46.9M | ||
| Q1 24 | $-16.1M | $56.2M |
毛利率REAXWSC
| Q4 25 | — | 50.4% | ||
| Q3 25 | 7.9% | 49.7% | ||
| Q2 25 | 8.9% | 50.3% | ||
| Q1 25 | 9.6% | 53.7% | ||
| Q4 24 | — | 55.8% | ||
| Q3 24 | 8.6% | 53.5% | ||
| Q2 24 | — | 54.1% | ||
| Q1 24 | 10.3% | 54.0% |
营业利润率REAXWSC
| Q4 25 | — | -32.5% | ||
| Q3 25 | -0.1% | 21.0% | ||
| Q2 25 | 0.3% | 21.5% | ||
| Q1 25 | -1.5% | 21.3% | ||
| Q4 24 | — | 28.9% | ||
| Q3 24 | -0.7% | -5.9% | ||
| Q2 24 | — | -0.9% | ||
| Q1 24 | -7.8% | 22.1% |
净利率REAXWSC
| Q4 25 | — | -33.1% | ||
| Q3 25 | -0.1% | 7.6% | ||
| Q2 25 | 0.3% | 8.1% | ||
| Q1 25 | -1.4% | 7.7% | ||
| Q4 24 | — | 14.8% | ||
| Q3 24 | -0.7% | -11.7% | ||
| Q2 24 | — | -7.7% | ||
| Q1 24 | -8.0% | 9.6% |
每股收益（稀释后）REAXWSC
| Q4 25 | — | $-1.02 | ||
| Q3 25 | $0.00 | $0.24 | ||
| Q2 25 | $0.01 | $0.26 | ||
| Q1 25 | $-0.02 | $0.23 | ||
| Q4 24 | — | $0.48 | ||
| Q3 24 | $-0.01 | $-0.37 | ||
| Q2 24 | — | $-0.25 | ||
| Q1 24 | $-0.09 | $0.29 |
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 | $14.6M |
| 总债务越低越好 | — | $3.6B |
| 股东权益账面价值 | $53.6M | $856.3M |
| 总资产 | $145.2M | $5.8B |
| 负债/权益比越低杠杆越低 | — | 4.15× |
8季度趋势，按日历期对齐
现金及短期投资REAXWSC
| Q4 25 | — | $14.6M | ||
| Q3 25 | $38.7M | $14.8M | ||
| Q2 25 | $49.7M | $12.8M | ||
| Q1 25 | $24.7M | $10.7M | ||
| Q4 24 | — | $9.0M | ||
| Q3 24 | $22.6M | $11.0M | ||
| Q2 24 | — | $5.9M | ||
| Q1 24 | $20.1M | $13.1M |
总债务REAXWSC
| Q4 25 | — | $3.6B | ||
| Q3 25 | — | $3.6B | ||
| Q2 25 | — | $3.7B | ||
| Q1 25 | — | $3.6B | ||
| Q4 24 | — | $3.7B | ||
| Q3 24 | — | $3.6B | ||
| Q2 24 | — | $3.5B | ||
| Q1 24 | — | $3.5B |
股东权益REAXWSC
| Q4 25 | — | $856.3M | ||
| Q3 25 | $53.6M | $1.1B | ||
| Q2 25 | $49.2M | $1.0B | ||
| Q1 25 | $32.8M | $1.0B | ||
| Q4 24 | — | $1.0B | ||
| Q3 24 | $29.8M | $1.1B | ||
| Q2 24 | — | $1.2B | ||
| Q1 24 | $25.6M | $1.3B |
总资产REAXWSC
| Q4 25 | — | $5.8B | ||
| Q3 25 | $145.2M | $6.1B | ||
| Q2 25 | $149.4M | $6.1B | ||
| Q1 25 | $100.5M | $6.0B | ||
| Q4 24 | — | $6.0B | ||
| Q3 24 | $102.5M | $6.0B | ||
| Q2 24 | — | $6.0B | ||
| Q1 24 | — | $6.2B |
负债/权益比REAXWSC
| Q4 25 | — | 4.15× | ||
| Q3 25 | — | 3.39× | ||
| Q2 25 | — | 3.55× | ||
| Q1 25 | — | 3.56× | ||
| Q4 24 | — | 3.62× | ||
| Q3 24 | — | 3.42× | ||
| Q2 24 | — | 2.88× | ||
| Q1 24 | — | 2.63× |
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 | $158.9M |
| 自由现金流经营现金流 - 资本支出 | $8.4M | $149.7M |
| 自由现金流率自由现金流/营收 | 1.5% | 26.5% |
| 资本支出强度资本支出/营收 | 0.1% | 1.6% |
| 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 | $737.7M |
8季度趋势，按日历期对齐
经营现金流REAXWSC
| Q4 25 | — | $158.9M | ||
| Q3 25 | $8.8M | $191.2M | ||
| Q2 25 | $41.0M | $205.3M | ||
| Q1 25 | $15.9M | $206.6M | ||
| Q4 24 | — | $178.9M | ||
| Q3 24 | $7.2M | $-1.6M | ||
| Q2 24 | — | $175.6M | ||
| Q1 24 | $21.5M | $208.7M |
自由现金流REAXWSC
| Q4 25 | — | $149.7M | ||
| Q3 25 | $8.4M | $186.9M | ||
| Q2 25 | $40.8M | $199.0M | ||
| Q1 25 | $15.7M | $202.0M | ||
| Q4 24 | — | $176.6M | ||
| Q3 24 | $6.8M | $-4.9M | ||
| Q2 24 | — | $169.4M | ||
| Q1 24 | $21.4M | $202.1M |
自由现金流率REAXWSC
| Q4 25 | — | 26.5% | ||
| Q3 25 | 1.5% | 33.0% | ||
| Q2 25 | 7.5% | 33.8% | ||
| Q1 25 | 4.4% | 36.1% | ||
| Q4 24 | — | 29.3% | ||
| Q3 24 | 1.8% | -0.8% | ||
| Q2 24 | — | 28.0% | ||
| Q1 24 | 10.7% | 34.4% |
资本支出强度REAXWSC
| Q4 25 | — | 1.6% | ||
| Q3 25 | 0.1% | 0.7% | ||
| Q2 25 | 0.0% | 1.1% | ||
| Q1 25 | 0.1% | 0.8% | ||
| Q4 24 | — | 0.4% | ||
| Q3 24 | 0.1% | 0.6% | ||
| Q2 24 | — | 1.0% | ||
| Q1 24 | 0.0% | 1.1% |
现金转化率REAXWSC
| Q4 25 | — | — | ||
| Q3 25 | — | 4.41× | ||
| Q2 25 | 27.13× | 4.28× | ||
| Q1 25 | — | 4.80× | ||
| Q4 24 | — | 2.01× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 3.71× |
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
WSC
| Modular Space Leasing | $249.8M | 44% |
| Value Added Product And Services | $101.0M | 18% |
| Portable Storage Leasing | $83.0M | 15% |
| Delivery Revenue | $48.2M | 9% |
| Installation Revenue | $45.0M | 8% |
| Rental Units | $19.7M | 3% |
| New Units | $15.5M | 3% |
| Value Added Services | $10.3M | 2% |
| Other Leasing Related Products And Services | $3.8M | 1% |
