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RICHARDSON ELECTRONICS, LTD.（RELL）与RE/MAX Holdings, Inc.（RMAX）财务数据对比。点击上方公司名可切换其他公司
RE/MAX Holdings, Inc.的季度营收约是RICHARDSON ELECTRONICS, LTD.的1.4倍（$71.1M vs $52.3M），RE/MAX Holdings, Inc.净利率更高（2.0% vs -0.2%，领先2.3%），RICHARDSON ELECTRONICS, LTD.同比增速更快（5.7% vs -1.8%），RE/MAX Holdings, Inc.自由现金流更多（$33.5M vs $-1.7M），过去两年RICHARDSON ELECTRONICS, LTD.的营收复合增速更高（-0.3% vs -4.7%）
詹姆斯·理查森集团（又名JR集团）是澳大利亚私有综合企业，业务涵盖家具、酒店、房地产及零售领域，总部位于墨尔本阿伯茨福德区，全球雇员约2300人。该企业最为消费者熟知的是其分布在澳大拉西亚和中东地区机场、边境口岸的免税零售门店，在以色列是家喻户晓的企业。
RE/MAX是全球知名的房地产特许经营机构，业务遍布全球一百多个国家和地区，旗下拥有数千家门店，总计超过十万名房产经纪人，在国际房产中介领域拥有极高的品牌知名度与市场影响力。
RELL vs RMAX — 直观对比
营收规模更大
RMAX
是对方的1.4倍
$52.3M
营收增速更快
RELL
高出7.5%
-1.8%
净利率更高
RMAX
高出2.3%
-0.2%
自由现金流更多
RMAX
多$35.2M
$-1.7M
两年增速更快
RELL
近两年复合增速
-4.7%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $52.3M | $71.1M |
| 净利润 | $-121.0K | $1.4M |
| 毛利率 | 30.7% | — |
| 营业利润率 | 0.3% | 13.1% |
| 净利率 | -0.2% | 2.0% |
| 营收同比 | 5.7% | -1.8% |
| 净利润同比 | 83.9% | -75.2% |
| 每股收益（稀释后） | — | — |
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RELLRMAX
| Q4 25 | $52.3M | $71.1M | ||
| Q3 25 | $54.6M | $73.2M | ||
| Q2 25 | — | $72.8M | ||
| Q1 25 | $53.8M | $74.5M | ||
| Q4 24 | $49.5M | $72.5M | ||
| Q3 24 | $53.7M | $78.5M | ||
| Q2 24 | — | $78.5M | ||
| Q1 24 | $52.4M | $78.3M |
净利润RELLRMAX
| Q4 25 | $-121.0K | $1.4M | ||
| Q3 25 | $1.9M | $4.0M | ||
| Q2 25 | — | $4.7M | ||
| Q1 25 | $-2.1M | $-2.0M | ||
| Q4 24 | $-751.0K | $5.8M | ||
| Q3 24 | $590.0K | $966.0K | ||
| Q2 24 | — | $3.7M | ||
| Q1 24 | $750.0K | $-3.4M |
毛利率RELLRMAX
| Q4 25 | 30.7% | — | ||
| Q3 25 | 31.0% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 31.0% | — | ||
| Q4 24 | 31.0% | — | ||
| Q3 24 | 30.6% | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 29.5% | — |
营业利润率RELLRMAX
| Q4 25 | 0.3% | 13.1% | ||
| Q3 25 | 1.8% | 25.0% | ||
| Q2 25 | — | 19.3% | ||
| Q1 25 | -5.1% | 7.2% | ||
| Q4 24 | -1.3% | 5.9% | ||
| Q3 24 | 0.6% | 19.4% | ||
| Q2 24 | — | 20.6% | ||
| Q1 24 | 1.9% | 5.8% |
净利率RELLRMAX
| Q4 25 | -0.2% | 2.0% | ||
| Q3 25 | 3.5% | 5.4% | ||
| Q2 25 | — | 6.4% | ||
| Q1 25 | -3.8% | -2.6% | ||
| Q4 24 | -1.5% | 8.0% | ||
| Q3 24 | 1.1% | 1.2% | ||
| Q2 24 | — | 4.7% | ||
| Q1 24 | 1.4% | -4.3% |
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 | $33.1M | $118.7M |
| 总债务越低越好 | — | $432.2M |
| 股东权益账面价值 | $158.5M | $452.4M |
| 总资产 | $201.8M | $582.5M |
| 负债/权益比越低杠杆越低 | — | 0.96× |
8季度趋势，按日历期对齐
现金及短期投资RELLRMAX
| Q4 25 | $33.1M | $118.7M | ||
| Q3 25 | $35.7M | $107.5M | ||
| Q2 25 | — | $94.3M | ||
| Q1 25 | $36.7M | $89.1M | ||
| Q4 24 | $26.6M | $96.6M | ||
| Q3 24 | $23.0M | $83.8M | ||
| Q2 24 | — | $66.1M | ||
| Q1 24 | $18.9M | $82.1M |
总债务RELLRMAX
| Q4 25 | — | $432.2M | ||
| Q3 25 | — | $433.3M | ||
| Q2 25 | — | $434.4M | ||
| Q1 25 | — | $435.3M | ||
| Q4 24 | — | $436.2M | ||
| Q3 24 | — | $437.2M | ||
| Q2 24 | — | $438.1M | ||
| Q1 24 | — | $439.0M |
股东权益RELLRMAX
| Q4 25 | $158.5M | $452.4M | ||
| Q3 25 | $159.4M | $448.1M | ||
| Q2 25 | — | $442.4M | ||
| Q1 25 | $152.9M | $433.5M | ||
| Q4 24 | $156.2M | $429.5M | ||
| Q3 24 | $159.1M | $423.1M | ||
| Q2 24 | — | $418.4M | ||
| Q1 24 | $158.6M | $412.0M |
总资产RELLRMAX
| Q4 25 | $201.8M | $582.5M | ||
| Q3 25 | $200.1M | $582.2M | ||
| Q2 25 | — | $574.8M | ||
| Q1 25 | $189.8M | $571.4M | ||
| Q4 24 | $195.2M | $581.6M | ||
| Q3 24 | $197.9M | $578.6M | ||
| Q2 24 | — | $571.4M | ||
| Q1 24 | $193.6M | $566.7M |
负债/权益比RELLRMAX
| Q4 25 | — | 0.96× | ||
| Q3 25 | — | 0.97× | ||
| Q2 25 | — | 0.98× | ||
| Q1 25 | — | 1.00× | ||
| Q4 24 | — | 1.02× | ||
| Q3 24 | — | 1.03× | ||
| Q2 24 | — | 1.05× | ||
| Q1 24 | — | 1.07× |
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 | $-99.0K | $40.9M |
| 自由现金流经营现金流 - 资本支出 | $-1.7M | $33.5M |
| 自由现金流率自由现金流/营收 | -3.3% | 47.1% |
| 资本支出强度资本支出/营收 | 3.1% | 10.4% |
| 现金转化率经营现金流/净利润 | — | 28.39× |
| 过去12个月自由现金流最近4个季度 | $7.6M | $56.8M |
8季度趋势，按日历期对齐
经营现金流RELLRMAX
| Q4 25 | $-99.0K | $40.9M | ||
| Q3 25 | $1.4M | $17.7M | ||
| Q2 25 | — | $4.6M | ||
| Q1 25 | $4.6M | $5.7M | ||
| Q4 24 | $5.5M | $59.7M | ||
| Q3 24 | $412.0K | $17.6M | ||
| Q2 24 | — | $15.9M | ||
| Q1 24 | $-2.5M | $9.4M |
自由现金流RELLRMAX
| Q4 25 | $-1.7M | $33.5M | ||
| Q3 25 | $342.0K | $16.4M | ||
| Q2 25 | — | $2.9M | ||
| Q1 25 | $4.1M | $4.0M | ||
| Q4 24 | $4.9M | $53.0M | ||
| Q3 24 | $-514.0K | $16.3M | ||
| Q2 24 | — | $14.0M | ||
| Q1 24 | $-2.9M | $6.8M |
自由现金流率RELLRMAX
| Q4 25 | -3.3% | 47.1% | ||
| Q3 25 | 0.6% | 22.4% | ||
| Q2 25 | — | 4.0% | ||
| Q1 25 | 7.5% | 5.3% | ||
| Q4 24 | 10.0% | 73.2% | ||
| Q3 24 | -1.0% | 20.8% | ||
| Q2 24 | — | 17.8% | ||
| Q1 24 | -5.6% | 8.6% |
资本支出强度RELLRMAX
| Q4 25 | 3.1% | 10.4% | ||
| Q3 25 | 1.9% | 1.8% | ||
| Q2 25 | — | 2.2% | ||
| Q1 25 | 1.0% | 2.3% | ||
| Q4 24 | 1.0% | 9.1% | ||
| Q3 24 | 1.7% | 1.7% | ||
| Q2 24 | — | 2.4% | ||
| Q1 24 | 0.8% | 3.3% |
现金转化率RELLRMAX
| Q4 25 | — | 28.39× | ||
| Q3 25 | 0.72× | 4.45× | ||
| Q2 25 | — | 0.97× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 10.28× | ||
| Q3 24 | 0.70× | 18.22× | ||
| Q2 24 | — | 4.29× | ||
| Q1 24 | -3.37× | — |
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
RELL
| Power And Microwave Technologies Group | $35.2M | 67% |
| Canvys | $8.8M | 17% |
| Global Energy Solutions | $8.3M | 16% |
RMAX
| Franchising Segment | $50.1M | 70% |
| Broker Fees | $13.9M | 20% |
| Annual Dues | $7.4M | 10% |
