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REGIS CORP（RGS）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REGIS CORP的1.2倍（$71.1M vs $57.1M），RE/MAX Holdings, Inc.净利率更高（2.0% vs 0.8%，领先1.2%），REGIS CORP同比增速更快（22.3% vs -1.8%），RE/MAX Holdings, Inc.自由现金流更多（$33.5M vs $891.0K），过去两年REGIS CORP的营收复合增速更高（7.8% vs -4.7%）
瑞吉斯公司是一家美国美发沙龙运营商，总部位于明尼苏达州明尼阿波利斯市。截至2021年8月，该集团旗下拥有5563家加盟沙龙以及276家直营门店，是北美地区规模领先的美发沙龙连锁经营企业。
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。
RGS vs RMAX — 直观对比
营收规模更大
RMAX
是对方的1.2倍
$57.1M
营收增速更快
RGS
高出24.1%
-1.8%
净利率更高
RMAX
高出1.2%
0.8%
自由现金流更多
RMAX
多$32.6M
$891.0K
两年增速更快
RGS
近两年复合增速
-4.7%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $57.1M | $71.1M |
| 净利润 | $456.0K | $1.4M |
| 毛利率 | — | — |
| 营业利润率 | 10.8% | 13.1% |
| 净利率 | 0.8% | 2.0% |
| 营收同比 | 22.3% | -1.8% |
| 净利润同比 | -94.0% | -75.2% |
| 每股收益（稀释后） | $0.16 | — |
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RGSRMAX
| Q4 25 | $57.1M | $71.1M | ||
| Q3 25 | $59.0M | $73.2M | ||
| Q2 25 | $60.4M | $72.8M | ||
| Q1 25 | $57.0M | $74.5M | ||
| Q4 24 | $46.7M | $72.5M | ||
| Q3 24 | $46.1M | $78.5M | ||
| Q2 24 | $49.4M | $78.5M | ||
| Q1 24 | $49.2M | $78.3M |
净利润RGSRMAX
| Q4 25 | $456.0K | $1.4M | ||
| Q3 25 | $1.4M | $4.0M | ||
| Q2 25 | $116.5M | $4.7M | ||
| Q1 25 | $250.0K | $-2.0M | ||
| Q4 24 | $7.6M | $5.8M | ||
| Q3 24 | $-853.0K | $966.0K | ||
| Q2 24 | $91.2M | $3.7M | ||
| Q1 24 | $-2.3M | $-3.4M |
营业利润率RGSRMAX
| Q4 25 | 10.8% | 13.1% | ||
| Q3 25 | 10.0% | 25.0% | ||
| Q2 25 | 12.1% | 19.3% | ||
| Q1 25 | 8.8% | 7.2% | ||
| Q4 24 | 11.8% | 5.9% | ||
| Q3 24 | 4.6% | 19.4% | ||
| Q2 24 | — | 20.6% | ||
| Q1 24 | 8.3% | 5.8% |
净利率RGSRMAX
| Q4 25 | 0.8% | 2.0% | ||
| Q3 25 | 2.3% | 5.4% | ||
| Q2 25 | 192.9% | 6.4% | ||
| Q1 25 | 0.4% | -2.6% | ||
| Q4 24 | 16.4% | 8.0% | ||
| Q3 24 | -1.9% | 1.2% | ||
| Q2 24 | 184.7% | 4.7% | ||
| Q1 24 | -4.7% | -4.3% |
每股收益（稀释后）RGSRMAX
| Q4 25 | $0.16 | — | ||
| Q3 25 | $0.49 | — | ||
| Q2 25 | $43.67 | — | ||
| Q1 25 | $0.08 | — | ||
| Q4 24 | $2.71 | — | ||
| Q3 24 | $-0.36 | — | ||
| Q2 24 | $38.40 | — | ||
| Q1 24 | $-1.00 | — |
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 | $18.4M | $118.7M |
| 总债务越低越好 | $113.3M | $432.2M |
| 股东权益账面价值 | $188.7M | $452.4M |
| 总资产 | $588.3M | $582.5M |
| 负债/权益比越低杠杆越低 | 0.60× | 0.96× |
8季度趋势，按日历期对齐
现金及短期投资RGSRMAX
| Q4 25 | $18.4M | $118.7M | ||
| Q3 25 | $16.6M | $107.5M | ||
| Q2 25 | $17.0M | $94.3M | ||
| Q1 25 | $13.3M | $89.1M | ||
| Q4 24 | $10.2M | $96.6M | ||
| Q3 24 | $6.3M | $83.8M | ||
| Q2 24 | $10.1M | $66.1M | ||
| Q1 24 | $5.9M | $82.1M |
总债务RGSRMAX
| Q4 25 | $113.3M | $432.2M | ||
| Q3 25 | $111.3M | $433.3M | ||
| Q2 25 | $110.8M | $434.4M | ||
| Q1 25 | $112.0M | $435.3M | ||
| Q4 24 | $111.5M | $436.2M | ||
| Q3 24 | $95.2M | $437.2M | ||
| Q2 24 | $99.5M | $438.1M | ||
| Q1 24 | $179.7M | $439.0M |
股东权益RGSRMAX
| Q4 25 | $188.7M | $452.4M | ||
| Q3 25 | $187.6M | $448.1M | ||
| Q2 25 | $185.6M | $442.4M | ||
| Q1 25 | $68.6M | $433.5M | ||
| Q4 24 | $66.7M | $429.5M | ||
| Q3 24 | $56.4M | $423.1M | ||
| Q2 24 | $56.8M | $418.4M | ||
| Q1 24 | $-35.8M | $412.0M |
总资产RGSRMAX
| Q4 25 | $588.3M | $582.5M | ||
| Q3 25 | $592.1M | $582.2M | ||
| Q2 25 | $599.0M | $574.8M | ||
| Q1 25 | $511.2M | $571.4M | ||
| Q4 24 | $530.1M | $581.6M | ||
| Q3 24 | $508.9M | $578.6M | ||
| Q2 24 | $530.5M | $571.4M | ||
| Q1 24 | $543.7M | $566.7M |
负债/权益比RGSRMAX
| Q4 25 | 0.60× | 0.96× | ||
| Q3 25 | 0.59× | 0.97× | ||
| Q2 25 | 0.60× | 0.98× | ||
| Q1 25 | 1.63× | 1.00× | ||
| Q4 24 | 1.67× | 1.02× | ||
| Q3 24 | 1.69× | 1.03× | ||
| Q2 24 | 1.75× | 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 | $1.7M | $40.9M |
| 自由现金流经营现金流 - 资本支出 | $891.0K | $33.5M |
| 自由现金流率自由现金流/营收 | 1.6% | 47.1% |
| 资本支出强度资本支出/营收 | 1.4% | 10.4% |
| 现金转化率经营现金流/净利润 | 3.65× | 28.39× |
| 过去12个月自由现金流最近4个季度 | $14.9M | $56.8M |
8季度趋势，按日历期对齐
经营现金流RGSRMAX
| Q4 25 | $1.7M | $40.9M | ||
| Q3 25 | $2.3M | $17.7M | ||
| Q2 25 | $6.8M | $4.6M | ||
| Q1 25 | $6.2M | $5.7M | ||
| Q4 24 | $2.1M | $59.7M | ||
| Q3 24 | $-1.3M | $17.6M | ||
| Q2 24 | $5.1M | $15.9M | ||
| Q1 24 | $-277.0K | $9.4M |
自由现金流RGSRMAX
| Q4 25 | $891.0K | $33.5M | ||
| Q3 25 | $1.9M | $16.4M | ||
| Q2 25 | $6.2M | $2.9M | ||
| Q1 25 | $5.9M | $4.0M | ||
| Q4 24 | $1.7M | $53.0M | ||
| Q3 24 | $-1.4M | $16.3M | ||
| Q2 24 | $5.1M | $14.0M | ||
| Q1 24 | $-326.0K | $6.8M |
自由现金流率RGSRMAX
| Q4 25 | 1.6% | 47.1% | ||
| Q3 25 | 3.2% | 22.4% | ||
| Q2 25 | 10.3% | 4.0% | ||
| Q1 25 | 10.3% | 5.3% | ||
| Q4 24 | 3.6% | 73.2% | ||
| Q3 24 | -3.0% | 20.8% | ||
| Q2 24 | 10.3% | 17.8% | ||
| Q1 24 | -0.7% | 8.6% |
资本支出强度RGSRMAX
| Q4 25 | 1.4% | 10.4% | ||
| Q3 25 | 0.7% | 1.8% | ||
| Q2 25 | 0.9% | 2.2% | ||
| Q1 25 | 0.6% | 2.3% | ||
| Q4 24 | 0.9% | 9.1% | ||
| Q3 24 | 0.0% | 1.7% | ||
| Q2 24 | 0.0% | 2.4% | ||
| Q1 24 | 0.1% | 3.3% |
现金转化率RGSRMAX
| Q4 25 | 3.65× | 28.39× | ||
| Q3 25 | 1.68× | 4.45× | ||
| Q2 25 | 0.06× | 0.97× | ||
| Q1 25 | 24.80× | — | ||
| Q4 24 | 0.28× | 10.28× | ||
| Q3 24 | — | 18.22× | ||
| Q2 24 | 0.06× | 4.29× | ||
| Q1 24 | — | — |
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
RGS
| Franchise Segment | $37.9M | 66% |
| Royalty | $13.6M | 24% |
| Other | $2.8M | 5% |
| Fees | $1.8M | 3% |
| Franchise Fees | $1.0M | 2% |
RMAX
| Franchising Segment | $50.1M | 70% |
| Broker Fees | $13.9M | 20% |
| Annual Dues | $7.4M | 10% |
