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RE/MAX Holdings, Inc.（RMAX）与RMR GROUP INC.（RMR）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RMR GROUP INC.的1.1倍（$71.1M vs $66.7M），RMR GROUP INC.净利率更高（18.3% vs 2.0%，领先16.2%），RMR GROUP INC.同比增速更快（40.8% vs -1.8%）
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。
RMR集团是总部位于美国的另类资产管理企业，核心业务聚焦不动产及相关投资，覆盖商业地产、住宅物业、基础设施等赛道，服务全球核心市场的机构投资者、高净值人士及零售客户。
RMAX vs RMR — 直观对比
营收规模更大
RMAX
是对方的1.1倍
$66.7M
营收增速更快
RMR
高出42.6%
-1.8%
净利率更高
RMR
高出16.2%
2.0%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $71.1M | $66.7M |
| 净利润 | $1.4M | $12.2M |
| 毛利率 | — | — |
| 营业利润率 | 13.1% | 48.1% |
| 净利率 | 2.0% | 18.3% |
| 营收同比 | -1.8% | 40.8% |
| 净利润同比 | -75.2% | 91.1% |
| 每股收益（稀释后） | — | $0.71 |
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RMAXRMR
| Q4 25 | $71.1M | $66.7M | ||
| Q3 25 | $73.2M | — | ||
| Q2 25 | $72.8M | — | ||
| Q1 25 | $74.5M | — | ||
| Q4 24 | $72.5M | — | ||
| Q3 24 | $78.5M | — | ||
| Q2 24 | $78.5M | — | ||
| Q1 24 | $78.3M | — |
净利润RMAXRMR
| Q4 25 | $1.4M | $12.2M | ||
| Q3 25 | $4.0M | — | ||
| Q2 25 | $4.7M | — | ||
| Q1 25 | $-2.0M | — | ||
| Q4 24 | $5.8M | — | ||
| Q3 24 | $966.0K | — | ||
| Q2 24 | $3.7M | — | ||
| Q1 24 | $-3.4M | — |
营业利润率RMAXRMR
| Q4 25 | 13.1% | 48.1% | ||
| Q3 25 | 25.0% | — | ||
| Q2 25 | 19.3% | — | ||
| Q1 25 | 7.2% | — | ||
| Q4 24 | 5.9% | — | ||
| Q3 24 | 19.4% | — | ||
| Q2 24 | 20.6% | — | ||
| Q1 24 | 5.8% | — |
净利率RMAXRMR
| Q4 25 | 2.0% | 18.3% | ||
| Q3 25 | 5.4% | — | ||
| Q2 25 | 6.4% | — | ||
| Q1 25 | -2.6% | — | ||
| Q4 24 | 8.0% | — | ||
| Q3 24 | 1.2% | — | ||
| Q2 24 | 4.7% | — | ||
| Q1 24 | -4.3% | — |
每股收益（稀释后）RMAXRMR
| Q4 25 | — | $0.71 | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $118.7M | $49.3M |
| 总债务越低越好 | $432.2M | — |
| 股东权益账面价值 | $452.4M | $232.7M |
| 总资产 | $582.5M | $687.1M |
| 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RMAXRMR
| Q4 25 | $118.7M | $49.3M | ||
| Q3 25 | $107.5M | — | ||
| Q2 25 | $94.3M | — | ||
| Q1 25 | $89.1M | — | ||
| Q4 24 | $96.6M | — | ||
| Q3 24 | $83.8M | — | ||
| Q2 24 | $66.1M | — | ||
| Q1 24 | $82.1M | — |
总债务RMAXRMR
| 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RMAXRMR
| Q4 25 | $452.4M | $232.7M | ||
| Q3 25 | $448.1M | — | ||
| Q2 25 | $442.4M | — | ||
| Q1 25 | $433.5M | — | ||
| Q4 24 | $429.5M | — | ||
| Q3 24 | $423.1M | — | ||
| Q2 24 | $418.4M | — | ||
| Q1 24 | $412.0M | — |
总资产RMAXRMR
| Q4 25 | $582.5M | $687.1M | ||
| Q3 25 | $582.2M | — | ||
| Q2 25 | $574.8M | — | ||
| Q1 25 | $571.4M | — | ||
| Q4 24 | $581.6M | — | ||
| Q3 24 | $578.6M | — | ||
| Q2 24 | $571.4M | — | ||
| Q1 24 | $566.7M | — |
负债/权益比RMAXRMR
| 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 | $40.9M | $10.7M |
| 自由现金流经营现金流 - 资本支出 | $33.5M | — |
| 自由现金流率自由现金流/营收 | 47.1% | — |
| 资本支出强度资本支出/营收 | 10.4% | — |
| 现金转化率经营现金流/净利润 | 28.39× | 0.88× |
| 过去12个月自由现金流最近4个季度 | $56.8M | — |
8季度趋势，按日历期对齐
经营现金流RMAXRMR
| Q4 25 | $40.9M | $10.7M | ||
| Q3 25 | $17.7M | — | ||
| Q2 25 | $4.6M | — | ||
| Q1 25 | $5.7M | — | ||
| Q4 24 | $59.7M | — | ||
| Q3 24 | $17.6M | — | ||
| Q2 24 | $15.9M | — | ||
| Q1 24 | $9.4M | — |
自由现金流RMAXRMR
| Q4 25 | $33.5M | — | ||
| Q3 25 | $16.4M | — | ||
| Q2 25 | $2.9M | — | ||
| Q1 25 | $4.0M | — | ||
| Q4 24 | $53.0M | — | ||
| Q3 24 | $16.3M | — | ||
| Q2 24 | $14.0M | — | ||
| Q1 24 | $6.8M | — |
自由现金流率RMAXRMR
| Q4 25 | 47.1% | — | ||
| Q3 25 | 22.4% | — | ||
| Q2 25 | 4.0% | — | ||
| Q1 25 | 5.3% | — | ||
| Q4 24 | 73.2% | — | ||
| Q3 24 | 20.8% | — | ||
| Q2 24 | 17.8% | — | ||
| Q1 24 | 8.6% | — |
资本支出强度RMAXRMR
| Q4 25 | 10.4% | — | ||
| Q3 25 | 1.8% | — | ||
| Q2 25 | 2.2% | — | ||
| Q1 25 | 2.3% | — | ||
| Q4 24 | 9.1% | — | ||
| Q3 24 | 1.7% | — | ||
| Q2 24 | 2.4% | — | ||
| Q1 24 | 3.3% | — |
现金转化率RMAXRMR
| Q4 25 | 28.39× | 0.88× | ||
| Q3 25 | 4.45× | — | ||
| Q2 25 | 0.97× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 10.28× | — | ||
| Q3 24 | 18.22× | — | ||
| Q2 24 | 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
RMAX
| Franchising Segment | $50.1M | 70% |
| Broker Fees | $13.9M | 20% |
| Annual Dues | $7.4M | 10% |
RMR
| Management Service Incentive | $23.6M | 35% |
| Industrial Logistics Properties Trust | $15.1M | 23% |
| Managed Private Real Estate Capital | $11.1M | 17% |
| Office Properties Income Trust | $5.6M | 8% |
| Other Private Entities | $5.3M | 8% |
| RMR Residential | $3.4M | 5% |
| Sonesta International Hotels Corporation | $2.1M | 3% |
| Investment Advisory Management And Administrative Service | $1.2M | 2% |
