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RE/MAX Holdings, Inc.（RMAX）与null（SWIM）财务数据对比。点击上方公司名可切换其他公司
null的季度营收约是RE/MAX Holdings, Inc.的1.6倍（$117.3M vs $71.1M），RE/MAX Holdings, Inc.净利率更高（2.0% vs -7.3%，领先9.3%），null同比增速更快（5.3% vs -1.8%），过去两年RE/MAX Holdings, Inc.的营收复合增速更高（-4.7% vs -14.4%）
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。
该企业是一家源自美国的跨国律师事务所，1934年创立于加利福尼亚州洛杉矶，在诉讼业务、公司法务以及监管合规法律领域拥有深厚的行业积累与知名度，是全球颇具影响力的综合性律所之一。
RMAX vs SWIM — 直观对比
营收规模更大
SWIM
是对方的1.6倍
$71.1M
营收增速更快
SWIM
高出7.1%
-1.8%
净利率更高
RMAX
高出9.3%
-7.3%
两年增速更快
RMAX
近两年复合增速
-14.4%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $71.1M | $117.3M |
| 净利润 | $1.4M | $-8.5M |
| 毛利率 | — | 31.7% |
| 营业利润率 | 13.1% | — |
| 净利率 | 2.0% | -7.3% |
| 营收同比 | -1.8% | 5.3% |
| 净利润同比 | -75.2% | -43.1% |
| 每股收益（稀释后） | — | $-0.07 |
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RMAXSWIM
| Q1 26 | — | $117.3M | ||
| Q4 25 | $71.1M | $100.0M | ||
| Q3 25 | $73.2M | $161.9M | ||
| Q2 25 | $72.8M | $172.6M | ||
| Q1 25 | $74.5M | $111.4M | ||
| Q4 24 | $72.5M | $87.3M | ||
| Q3 24 | $78.5M | $150.5M | ||
| Q2 24 | $78.5M | $160.1M |
净利润RMAXSWIM
| Q1 26 | — | $-8.5M | ||
| Q4 25 | $1.4M | $-7.0M | ||
| Q3 25 | $4.0M | $8.1M | ||
| Q2 25 | $4.7M | $16.0M | ||
| Q1 25 | $-2.0M | $-6.0M | ||
| Q4 24 | $5.8M | $-29.2M | ||
| Q3 24 | $966.0K | $5.9M | ||
| Q2 24 | $3.7M | $13.3M |
毛利率RMAXSWIM
| Q1 26 | — | 31.7% | ||
| Q4 25 | — | 28.0% | ||
| Q3 25 | — | 35.4% | ||
| Q2 25 | — | 37.1% | ||
| Q1 25 | — | 29.5% | ||
| Q4 24 | — | 24.6% | ||
| Q3 24 | — | 32.4% | ||
| Q2 24 | — | 33.1% |
营业利润率RMAXSWIM
| Q1 26 | — | — | ||
| Q4 25 | 13.1% | -10.7% | ||
| Q3 25 | 25.0% | 13.3% | ||
| Q2 25 | 19.3% | 14.3% | ||
| Q1 25 | 7.2% | -4.4% | ||
| Q4 24 | 5.9% | -14.9% | ||
| Q3 24 | 19.4% | 8.9% | ||
| Q2 24 | 20.6% | 12.5% |
净利率RMAXSWIM
| Q1 26 | — | -7.3% | ||
| Q4 25 | 2.0% | -7.0% | ||
| Q3 25 | 5.4% | 5.0% | ||
| Q2 25 | 6.4% | 9.3% | ||
| Q1 25 | -2.6% | -5.4% | ||
| Q4 24 | 8.0% | -33.4% | ||
| Q3 24 | 1.2% | 3.9% | ||
| Q2 24 | 4.7% | 8.3% |
每股收益（稀释后）RMAXSWIM
| Q1 26 | — | $-0.07 | ||
| Q4 25 | — | $-0.06 | ||
| Q3 25 | — | $0.07 | ||
| Q2 25 | — | $0.13 | ||
| Q1 25 | — | $-0.05 | ||
| Q4 24 | — | $-0.24 | ||
| Q3 24 | — | $0.05 | ||
| Q2 24 | — | $0.11 |
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 | — |
| 总债务越低越好 | $432.2M | $3.3M |
| 股东权益账面价值 | $452.4M | $396.7M |
| 总资产 | $582.5M | $856.4M |
| 负债/权益比越低杠杆越低 | 0.96× | 0.01× |
8季度趋势，按日历期对齐
现金及短期投资RMAXSWIM
| Q1 26 | — | — | ||
| Q4 25 | $118.7M | — | ||
| Q3 25 | $107.5M | — | ||
| Q2 25 | $94.3M | — | ||
| Q1 25 | $89.1M | — | ||
| Q4 24 | $96.6M | — | ||
| Q3 24 | $83.8M | — | ||
| Q2 24 | $66.1M | — |
总债务RMAXSWIM
| Q1 26 | — | $3.3M | ||
| Q4 25 | $432.2M | $279.8M | ||
| Q3 25 | $433.3M | $281.1M | ||
| Q2 25 | $434.4M | $281.5M | ||
| Q1 25 | $435.3M | $306.9M | ||
| Q4 24 | $436.2M | $281.5M | ||
| Q3 24 | $437.2M | $282.8M | ||
| Q2 24 | $438.1M | $282.4M |
股东权益RMAXSWIM
| Q1 26 | — | $396.7M | ||
| Q4 25 | $452.4M | $405.9M | ||
| Q3 25 | $448.1M | $408.4M | ||
| Q2 25 | $442.4M | $398.4M | ||
| Q1 25 | $433.5M | $381.1M | ||
| Q4 24 | $429.5M | $387.2M | ||
| Q3 24 | $423.1M | $416.6M | ||
| Q2 24 | $418.4M | $408.1M |
总资产RMAXSWIM
| Q1 26 | — | $856.4M | ||
| Q4 25 | $582.5M | $823.2M | ||
| Q3 25 | $582.2M | $844.4M | ||
| Q2 25 | $574.8M | $822.1M | ||
| Q1 25 | $571.4M | $824.6M | ||
| Q4 24 | $581.6M | $794.2M | ||
| Q3 24 | $578.6M | $853.4M | ||
| Q2 24 | $571.4M | $830.0M |
负债/权益比RMAXSWIM
| Q1 26 | — | 0.01× | ||
| Q4 25 | 0.96× | 0.69× | ||
| Q3 25 | 0.97× | 0.69× | ||
| Q2 25 | 0.98× | 0.71× | ||
| Q1 25 | 1.00× | 0.81× | ||
| Q4 24 | 1.02× | 0.73× | ||
| Q3 24 | 1.03× | 0.68× | ||
| Q2 24 | 1.05× | 0.69× |
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 | $-47.7M |
| 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× | — |
| 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RMAXSWIM
| Q1 26 | — | $-47.7M | ||
| Q4 25 | $40.9M | $23.3M | ||
| Q3 25 | $17.7M | $51.0M | ||
| Q2 25 | $4.6M | $36.0M | ||
| Q1 25 | $5.7M | $-46.9M | ||
| Q4 24 | $59.7M | $6.2M | ||
| Q3 24 | $17.6M | $37.2M | ||
| Q2 24 | $15.9M | $52.4M |
自由现金流RMAXSWIM
| Q1 26 | — | — | ||
| Q4 25 | $33.5M | $14.1M | ||
| Q3 25 | $16.4M | $45.2M | ||
| Q2 25 | $2.9M | $29.1M | ||
| Q1 25 | $4.0M | $-50.3M | ||
| Q4 24 | $53.0M | $-98.0K | ||
| Q3 24 | $16.3M | $33.2M | ||
| Q2 24 | $14.0M | $47.9M |
自由现金流率RMAXSWIM
| Q1 26 | — | — | ||
| Q4 25 | 47.1% | 14.1% | ||
| Q3 25 | 22.4% | 27.9% | ||
| Q2 25 | 4.0% | 16.8% | ||
| Q1 25 | 5.3% | -45.2% | ||
| Q4 24 | 73.2% | -0.1% | ||
| Q3 24 | 20.8% | 22.1% | ||
| Q2 24 | 17.8% | 29.9% |
资本支出强度RMAXSWIM
| Q1 26 | — | — | ||
| Q4 25 | 10.4% | 9.2% | ||
| Q3 25 | 1.8% | 3.6% | ||
| Q2 25 | 2.2% | 4.0% | ||
| Q1 25 | 2.3% | 3.1% | ||
| Q4 24 | 9.1% | 7.2% | ||
| Q3 24 | 1.7% | 2.7% | ||
| Q2 24 | 2.4% | 2.8% |
现金转化率RMAXSWIM
| Q1 26 | — | — | ||
| Q4 25 | 28.39× | — | ||
| Q3 25 | 4.45× | 6.29× | ||
| Q2 25 | 0.97× | 2.25× | ||
| Q1 25 | — | — | ||
| Q4 24 | 10.28× | — | ||
| Q3 24 | 18.22× | 6.32× | ||
| Q2 24 | 4.29× | 3.95× |
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% |
SWIM
暂无分部数据
