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Side-by-side financial comparison of American Assets Trust, Inc. (AAT) and RE/MAX Holdings, Inc. (RMAX). Click either name above to swap in a different company.
American Assets Trust, Inc. is the larger business by last-quarter revenue ($110.6M vs $71.1M, roughly 1.6× RE/MAX Holdings, Inc.). American Assets Trust, Inc. runs the higher net margin — 6.1% vs 2.0%, a 4.1% gap on every dollar of revenue. On growth, American Assets Trust, Inc. posted the faster year-over-year revenue change (1.8% vs -1.8%). Over the past eight quarters, American Assets Trust, Inc.'s revenue compounded faster (-0.1% CAGR vs -4.7%).
Personal Assets Trust is a large British investment trust. The company is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index. The chairman is Iain Ferguson CBE.
RE/MAX is an international real estate franchise operating in over 100 countries and territories that, in 2015, had over 100,000 agents in 6,800 offices.
AAT vs RMAX — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $110.6M | $71.1M |
| Net Profit | $6.7M | $1.4M |
| Gross Margin | — | — |
| Operating Margin | 23.4% | 13.1% |
| Net Margin | 6.1% | 2.0% |
| Revenue YoY | 1.8% | -1.8% |
| Net Profit YoY | -16.3% | -75.2% |
| EPS (diluted) | $0.08 | — |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $110.6M | — | ||
| Q4 25 | $110.1M | $71.1M | ||
| Q3 25 | $109.6M | $73.2M | ||
| Q2 25 | $107.9M | $72.8M | ||
| Q1 25 | $108.6M | $74.5M | ||
| Q4 24 | $113.5M | $72.5M | ||
| Q3 24 | $122.8M | $78.5M | ||
| Q2 24 | $110.9M | $78.5M |
| Q1 26 | $6.7M | — | ||
| Q4 25 | — | $1.4M | ||
| Q3 25 | $4.5M | $4.0M | ||
| Q2 25 | $5.5M | $4.7M | ||
| Q1 25 | $42.5M | $-2.0M | ||
| Q4 24 | — | $5.8M | ||
| Q3 24 | $16.7M | $966.0K | ||
| Q2 24 | $11.9M | $3.7M |
| Q1 26 | — | — | ||
| Q4 25 | 59.4% | — | ||
| Q3 25 | 60.5% | — | ||
| Q2 25 | 62.6% | — | ||
| Q1 25 | 62.0% | — | ||
| Q4 24 | 61.3% | — | ||
| Q3 24 | 65.5% | — | ||
| Q2 24 | 63.6% | — |
| Q1 26 | 23.4% | — | ||
| Q4 25 | 21.1% | 13.1% | ||
| Q3 25 | 22.6% | 25.0% | ||
| Q2 25 | 24.1% | 19.3% | ||
| Q1 25 | 66.3% | 7.2% | ||
| Q4 24 | 26.5% | 5.9% | ||
| Q3 24 | 30.8% | 19.4% | ||
| Q2 24 | 27.8% | 20.6% |
| Q1 26 | 6.1% | — | ||
| Q4 25 | — | 2.0% | ||
| Q3 25 | 4.1% | 5.4% | ||
| Q2 25 | 5.1% | 6.4% | ||
| Q1 25 | 39.2% | -2.6% | ||
| Q4 24 | — | 8.0% | ||
| Q3 24 | 13.6% | 1.2% | ||
| Q2 24 | 10.7% | 4.7% |
| Q1 26 | $0.08 | — | ||
| Q4 25 | $0.06 | — | ||
| Q3 25 | $0.07 | — | ||
| Q2 25 | $0.09 | — | ||
| Q1 25 | $0.70 | — | ||
| Q4 24 | $0.14 | — | ||
| Q3 24 | $0.28 | — | ||
| Q2 24 | $0.20 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $118.3M | $118.7M |
| Total DebtLower is stronger | — | $432.2M |
| Stockholders' EquityBook value | $1.1B | $452.4M |
| Total Assets | $2.9B | $582.5M |
| Debt / EquityLower = less leverage | — | 0.96× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $118.3M | — | ||
| Q4 25 | $129.4M | $118.7M | ||
| Q3 25 | $138.7M | $107.5M | ||
| Q2 25 | $143.7M | $94.3M | ||
| Q1 25 | $143.9M | $89.1M | ||
| Q4 24 | $425.7M | $96.6M | ||
| Q3 24 | $533.0M | $83.8M | ||
| Q2 24 | $114.9M | $66.1M |
| Q1 26 | — | — | ||
| Q4 25 | $1.7B | $432.2M | ||
| Q3 25 | — | $433.3M | ||
| Q2 25 | — | $434.4M | ||
| Q1 25 | — | $435.3M | ||
| Q4 24 | $2.0B | $436.2M | ||
| Q3 24 | — | $437.2M | ||
| Q2 24 | — | $438.1M |
| Q1 26 | $1.1B | — | ||
| Q4 25 | $1.2B | $452.4M | ||
| Q3 25 | $1.2B | $448.1M | ||
| Q2 25 | $1.2B | $442.4M | ||
| Q1 25 | $1.2B | $433.5M | ||
| Q4 24 | $1.2B | $429.5M | ||
| Q3 24 | $1.2B | $423.1M | ||
| Q2 24 | $1.2B | $418.4M |
| Q1 26 | $2.9B | — | ||
| Q4 25 | $2.9B | $582.5M | ||
| Q3 25 | $2.9B | $582.2M | ||
| Q2 25 | $3.0B | $574.8M | ||
| Q1 25 | $3.0B | $571.4M | ||
| Q4 24 | $3.3B | $581.6M | ||
| Q3 24 | $3.4B | $578.6M | ||
| Q2 24 | $3.0B | $571.4M |
| Q1 26 | — | — | ||
| Q4 25 | 1.48× | 0.96× | ||
| Q3 25 | — | 0.97× | ||
| Q2 25 | — | 0.98× | ||
| Q1 25 | — | 1.00× | ||
| Q4 24 | 1.72× | 1.02× | ||
| Q3 24 | — | 1.03× | ||
| Q2 24 | — | 1.05× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $40.9M |
| Free Cash FlowOCF − Capex | — | $33.5M |
| FCF MarginFCF / Revenue | — | 47.1% |
| Capex IntensityCapex / Revenue | 14.5% | 10.4% |
| Cash ConversionOCF / Net Profit | — | 28.39× |
| TTM Free Cash FlowTrailing 4 quarters | — | $56.8M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $167.1M | $40.9M | ||
| Q3 25 | $40.5M | $17.7M | ||
| Q2 25 | $49.2M | $4.6M | ||
| Q1 25 | $36.9M | $5.7M | ||
| Q4 24 | $207.1M | $59.7M | ||
| Q3 24 | $52.4M | $17.6M | ||
| Q2 24 | $59.3M | $15.9M |
| Q1 26 | — | — | ||
| Q4 25 | $94.9M | $33.5M | ||
| Q3 25 | $23.1M | $16.4M | ||
| Q2 25 | $28.4M | $2.9M | ||
| Q1 25 | $20.4M | $4.0M | ||
| Q4 24 | $136.9M | $53.0M | ||
| Q3 24 | $28.0M | $16.3M | ||
| Q2 24 | $43.6M | $14.0M |
| Q1 26 | — | — | ||
| Q4 25 | 86.2% | 47.1% | ||
| Q3 25 | 21.1% | 22.4% | ||
| Q2 25 | 26.3% | 4.0% | ||
| Q1 25 | 18.8% | 5.3% | ||
| Q4 24 | 120.7% | 73.2% | ||
| Q3 24 | 22.8% | 20.8% | ||
| Q2 24 | 39.3% | 17.8% |
| Q1 26 | 14.5% | — | ||
| Q4 25 | 65.6% | 10.4% | ||
| Q3 25 | 15.9% | 1.8% | ||
| Q2 25 | 19.3% | 2.2% | ||
| Q1 25 | 15.1% | 2.3% | ||
| Q4 24 | 61.9% | 9.1% | ||
| Q3 24 | 19.9% | 1.7% | ||
| Q2 24 | 14.1% | 2.4% |
| Q1 26 | — | — | ||
| Q4 25 | — | 28.39× | ||
| Q3 25 | 8.98× | 4.45× | ||
| Q2 25 | 9.01× | 0.97× | ||
| Q1 25 | 0.87× | — | ||
| Q4 24 | — | 10.28× | ||
| Q3 24 | 3.15× | 18.22× | ||
| Q2 24 | 4.98× | 4.29× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AAT
| Rental income | $104.4M | 94% |
| Other | $6.2M | 6% |
RMAX
| Franchising Segment | $50.1M | 70% |
| Broker Fees | $13.9M | 20% |
| Annual Dues | $7.4M | 10% |
