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RESEARCH FRONTIERS INC（REFR）与Royalty Management Holding Corp（RMCO）财务数据对比。点击上方公司名可切换其他公司
Royalty Management Holding Corp的季度营收约是RESEARCH FRONTIERS INC的19.4倍（$1.4M vs $72.1K）。Royalty Management Holding Corp净利率更高（-29.3% vs -1061.5%，领先1032.1%）。Royalty Management Holding Corp同比增速更快（469.8% vs -59.5%）。过去两年Royalty Management Holding Corp的营收复合增速更高（193.5% vs -52.0%）
Research Frontiers是一家总部位于美国纽约伍德伯里的纳米科技企业，1965年由罗伯特·萨克斯创立，创立初衷是开发从宝丽来拆分出的光线控制技术，即智能玻璃。目前公司主要研发并授权专利技术 SPD 智能玻璃，现有六名全职员工。
本公司旗下的Royalties是总部位于法国巴黎的品牌管理机构，该机构最早于2008年由阳狮环球与欧睿集团咨询联合创立，最初名为阳狮Royalties，如今由两位创始合伙人独立持有，在法国和中国均设有办公点。
REFR vs RMCO — 直观对比
营收规模更大
RMCO
是对方的19.4倍
$72.1K
营收增速更快
RMCO
高出529.3%
-59.5%
净利率更高
RMCO
高出1032.1%
-1061.5%
两年增速更快
RMCO
近两年复合增速
-52.0%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $72.1K | $1.4M |
| 净利润 | $-765.6K | $-409.5K |
| 毛利率 | — | 12.9% |
| 营业利润率 | -1072.5% | -2.6% |
| 净利率 | -1061.5% | -29.3% |
| 营收同比 | -59.5% | 469.8% |
| 净利润同比 | -25.9% | -1216.7% |
| 每股收益（稀释后） | $-0.02 | $-0.04 |
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REFRRMCO
| Q4 25 | $72.1K | $1.4M | ||
| Q3 25 | $359.4K | $1.3M | ||
| Q2 25 | $129.9K | $1.3M | ||
| Q1 25 | $559.8K | $923.2K | ||
| Q4 24 | $178.2K | $245.1K | ||
| Q3 24 | $354.4K | $145.6K | ||
| Q2 24 | $489.6K | $254.2K | ||
| Q1 24 | $313.4K | $162.1K |
净利润REFRRMCO
| Q4 25 | $-765.6K | $-409.5K | ||
| Q3 25 | $-298.5K | $-209.1K | ||
| Q2 25 | $-803.8K | $-49.5K | ||
| Q1 25 | $-177.7K | $-58.8K | ||
| Q4 24 | $-607.9K | $-31.1K | ||
| Q3 24 | $-166.8K | $-119.2K | ||
| Q2 24 | $-94.0K | $-117.8K | ||
| Q1 24 | $-442.6K | $153.8K |
毛利率REFRRMCO
| Q4 25 | — | 12.9% | ||
| Q3 25 | — | 11.2% | ||
| Q2 25 | — | 17.0% | ||
| Q1 25 | — | 27.4% | ||
| Q4 24 | — | 99.5% | ||
| Q3 24 | — | 96.3% | ||
| Q2 24 | — | 94.7% | ||
| Q1 24 | — | 98.3% |
营业利润率REFRRMCO
| Q4 25 | -1072.5% | -2.6% | ||
| Q3 25 | -84.6% | -7.6% | ||
| Q2 25 | -627.5% | -3.6% | ||
| Q1 25 | -42.8% | -12.0% | ||
| Q4 24 | -350.4% | -8.9% | ||
| Q3 24 | -65.4% | -116.4% | ||
| Q2 24 | -23.7% | -53.1% | ||
| Q1 24 | -149.9% | 8.5% |
净利率REFRRMCO
| Q4 25 | -1061.5% | -29.3% | ||
| Q3 25 | -83.0% | -16.0% | ||
| Q2 25 | -618.8% | -3.7% | ||
| Q1 25 | -31.7% | -6.4% | ||
| Q4 24 | -341.2% | -12.7% | ||
| Q3 24 | -47.1% | -81.8% | ||
| Q2 24 | -19.2% | -46.3% | ||
| Q1 24 | -141.2% | 94.9% |
每股收益（稀释后）REFRRMCO
| Q4 25 | $-0.02 | $-0.04 | ||
| Q3 25 | $-0.01 | $-0.01 | ||
| Q2 25 | $-0.02 | $0.00 | ||
| Q1 25 | $-0.01 | $0.00 | ||
| Q4 24 | $-0.03 | $0.00 | ||
| Q3 24 | $0.00 | $-0.01 | ||
| Q2 24 | $0.00 | $-0.01 | ||
| Q1 24 | $-0.01 | $0.01 |
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 | $664.3K | $133.1K |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $933.6K | $13.7M |
| 总资产 | $2.3M | $16.7M |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资REFRRMCO
| Q4 25 | $664.3K | $133.1K | ||
| Q3 25 | $1.1M | $173.2K | ||
| Q2 25 | $1.3M | $146.7K | ||
| Q1 25 | $1.4M | $132.5K | ||
| Q4 24 | $2.0M | $114.1K | ||
| Q3 24 | $1.6M | $145.4K | ||
| Q2 24 | $1.9M | $39.1K | ||
| Q1 24 | $2.1M | — |
总债务REFRRMCO
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $250.0K | ||
| Q1 25 | — | $250.0K | ||
| Q4 24 | — | $250.0K | ||
| Q3 24 | — | $252.0K | ||
| Q2 24 | — | $1.6M | ||
| Q1 24 | — | $2.2M |
股东权益REFRRMCO
| Q4 25 | $933.6K | $13.7M | ||
| Q3 25 | $1.5M | $14.1M | ||
| Q2 25 | $1.8M | $13.9M | ||
| Q1 25 | $2.4M | $14.0M | ||
| Q4 24 | $2.6M | $13.6M | ||
| Q3 24 | $2.8M | $13.5M | ||
| Q2 24 | $3.0M | $12.2M | ||
| Q1 24 | $3.1M | $11.6M |
总资产REFRRMCO
| Q4 25 | $2.3M | $16.7M | ||
| Q3 25 | $2.8M | $18.0M | ||
| Q2 25 | $3.2M | $16.9M | ||
| Q1 25 | $3.8M | $15.7M | ||
| Q4 24 | $4.0M | $15.0M | ||
| Q3 24 | $3.0M | $15.4M | ||
| Q2 24 | $3.4M | $15.2M | ||
| Q1 24 | $3.5M | $15.1M |
负债/权益比REFRRMCO
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 0.02× | ||
| Q1 25 | — | 0.02× | ||
| Q4 24 | — | 0.02× | ||
| Q3 24 | — | 0.02× | ||
| Q2 24 | — | 0.13× | ||
| Q1 24 | — | 0.19× |
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 | $-465.9K | $46.0K |
| 自由现金流经营现金流 - 资本支出 | $-466.1K | — |
| 自由现金流率自由现金流/营收 | -646.2% | — |
| 资本支出强度资本支出/营收 | 0.2% | — |
| 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 | $-1.3M | — |
8季度趋势，按日历期对齐
经营现金流REFRRMCO
| Q4 25 | $-465.9K | $46.0K | ||
| Q3 25 | $-143.5K | $21.9K | ||
| Q2 25 | $-78.4K | $250.2K | ||
| Q1 25 | $-641.3K | $-327.1K | ||
| Q4 24 | $47.1K | $898.9K | ||
| Q3 24 | $-257.9K | $439.8K | ||
| Q2 24 | $-186.9K | $-407.1K | ||
| Q1 24 | $-391.1K | $-285.3K |
自由现金流REFRRMCO
| Q4 25 | $-466.1K | — | ||
| Q3 25 | $-143.9K | — | ||
| Q2 25 | $-78.5K | — | ||
| Q1 25 | $-641.4K | — | ||
| Q4 24 | $46.2K | — | ||
| Q3 24 | $-258.5K | — | ||
| Q2 24 | $-187.0K | — | ||
| Q1 24 | $-391.2K | — |
自由现金流率REFRRMCO
| Q4 25 | -646.2% | — | ||
| Q3 25 | -40.0% | — | ||
| Q2 25 | -60.5% | — | ||
| Q1 25 | -114.6% | — | ||
| Q4 24 | 25.9% | — | ||
| Q3 24 | -72.9% | — | ||
| Q2 24 | -38.2% | — | ||
| Q1 24 | -124.8% | — |
资本支出强度REFRRMCO
| Q4 25 | 0.2% | — | ||
| Q3 25 | 0.1% | — | ||
| Q2 25 | 0.1% | — | ||
| Q1 25 | 0.0% | — | ||
| Q4 24 | 0.5% | — | ||
| Q3 24 | 0.2% | — | ||
| Q2 24 | 0.0% | — | ||
| Q1 24 | 0.0% | — |
现金转化率REFRRMCO
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | -1.86× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
