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Side-by-side financial comparison of ALEXANDERS INC (ALX) and RE/MAX Holdings, Inc. (RMAX). Click either name above to swap in a different company.

RE/MAX Holdings, Inc. is the larger business by last-quarter revenue ($71.1M vs $53.3M, roughly 1.3× ALEXANDERS INC). On growth, RE/MAX Holdings, Inc. posted the faster year-over-year revenue change (-1.8% vs -4.7%). Over the past eight quarters, RE/MAX Holdings, Inc.'s revenue compounded faster (-4.7% CAGR vs -6.9%).

Alexander's, Inc. is a real estate investment trust that owns 7 properties in New York metropolitan area, including 731 Lexington Avenue, the headquarters of Bloomberg L.P. It is controlled by Vornado Realty Trust. It was founded by George Farkas and Louis Schwadron in 1928.

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.

ALX vs RMAX — Head-to-Head

Bigger by revenue
RMAX
RMAX
1.3× larger
RMAX
$71.1M
$53.3M
ALX
Growing faster (revenue YoY)
RMAX
RMAX
+2.9% gap
RMAX
-1.8%
-4.7%
ALX
Faster 2-yr revenue CAGR
RMAX
RMAX
Annualised
RMAX
-4.7%
-6.9%
ALX

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ALX
ALX
RMAX
RMAX
Revenue
$53.3M
$71.1M
Net Profit
$1.4M
Gross Margin
Operating Margin
13.1%
Net Margin
2.0%
Revenue YoY
-4.7%
-1.8%
Net Profit YoY
-75.2%
EPS (diluted)
$0.75

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.

Revenue
ALX
ALX
RMAX
RMAX
Q4 25
$53.3M
$71.1M
Q3 25
$53.4M
$73.2M
Q2 25
$51.6M
$72.8M
Q1 25
$54.9M
$74.5M
Q4 24
$55.9M
$72.5M
Q3 24
$55.7M
$78.5M
Q2 24
$53.4M
$78.5M
Q1 24
$61.4M
$78.3M
Net Profit
ALX
ALX
RMAX
RMAX
Q4 25
$1.4M
Q3 25
$6.0M
$4.0M
Q2 25
$6.1M
$4.7M
Q1 25
$12.3M
$-2.0M
Q4 24
$5.8M
Q3 24
$6.7M
$966.0K
Q2 24
$8.4M
$3.7M
Q1 24
$16.1M
$-3.4M
Operating Margin
ALX
ALX
RMAX
RMAX
Q4 25
13.1%
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%
Net Margin
ALX
ALX
RMAX
RMAX
Q4 25
2.0%
Q3 25
11.2%
5.4%
Q2 25
11.9%
6.4%
Q1 25
22.4%
-2.6%
Q4 24
8.0%
Q3 24
12.0%
1.2%
Q2 24
15.7%
4.7%
Q1 24
26.2%
-4.3%
EPS (diluted)
ALX
ALX
RMAX
RMAX
Q4 25
$0.75
Q3 25
$1.16
Q2 25
$1.19
Q1 25
$2.40
Q4 24
$2.39
Q3 24
$1.30
Q2 24
$1.63
Q1 24
$3.14

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ALX
ALX
RMAX
RMAX
Cash + ST InvestmentsLiquidity on hand
$128.2M
$118.7M
Total DebtLower is stronger
$432.2M
Stockholders' EquityBook value
$109.2M
$452.4M
Total Assets
$1.1B
$582.5M
Debt / EquityLower = less leverage
0.96×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ALX
ALX
RMAX
RMAX
Q4 25
$128.2M
$118.7M
Q3 25
$286.1M
$107.5M
Q2 25
$313.0M
$94.3M
Q1 25
$319.9M
$89.1M
Q4 24
$338.5M
$96.6M
Q3 24
$354.8M
$83.8M
Q2 24
$410.9M
$66.1M
Q1 24
$526.3M
$82.1M
Total Debt
ALX
ALX
RMAX
RMAX
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
Stockholders' Equity
ALX
ALX
RMAX
RMAX
Q4 25
$109.2M
$452.4M
Q3 25
$128.3M
$448.1M
Q2 25
$145.4M
$442.4M
Q1 25
$163.1M
$433.5M
Q4 24
$176.9M
$429.5M
Q3 24
$190.7M
$423.1M
Q2 24
$212.5M
$418.4M
Q1 24
$230.1M
$412.0M
Total Assets
ALX
ALX
RMAX
RMAX
Q4 25
$1.1B
$582.5M
Q3 25
$1.3B
$582.2M
Q2 25
$1.3B
$574.8M
Q1 25
$1.3B
$571.4M
Q4 24
$1.3B
$581.6M
Q3 24
$1.4B
$578.6M
Q2 24
$1.5B
$571.4M
Q1 24
$1.4B
$566.7M
Debt / Equity
ALX
ALX
RMAX
RMAX
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×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ALX
ALX
RMAX
RMAX
Operating Cash FlowLast quarter
$73.4M
$40.9M
Free Cash FlowOCF − Capex
$33.5M
FCF MarginFCF / Revenue
47.1%
Capex IntensityCapex / Revenue
10.4%
Cash ConversionOCF / Net Profit
28.39×
TTM Free Cash FlowTrailing 4 quarters
$56.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ALX
ALX
RMAX
RMAX
Q4 25
$73.4M
$40.9M
Q3 25
$-9.3M
$17.7M
Q2 25
$43.6M
$4.6M
Q1 25
$15.7M
$5.7M
Q4 24
$54.1M
$59.7M
Q3 24
$-5.0M
$17.6M
Q2 24
$11.5M
$15.9M
Q1 24
$16.8M
$9.4M
Free Cash Flow
ALX
ALX
RMAX
RMAX
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
FCF Margin
ALX
ALX
RMAX
RMAX
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%
Capex Intensity
ALX
ALX
RMAX
RMAX
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%
Cash Conversion
ALX
ALX
RMAX
RMAX
Q4 25
28.39×
Q3 25
-1.55×
4.45×
Q2 25
7.12×
0.97×
Q1 25
1.28×
Q4 24
10.28×
Q3 24
-0.75×
18.22×
Q2 24
1.37×
4.29×
Q1 24
1.04×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ALX
ALX

Segment breakdown not available.

RMAX
RMAX

Franchising Segment$50.1M70%
Broker Fees$13.9M20%
Annual Dues$7.4M10%

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