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Side-by-side financial comparison of Burke & Herbert Financial Services Corp. (BHRB) and RE/MAX Holdings, Inc. (RMAX). Click either name above to swap in a different company.

Burke & Herbert Financial Services Corp. is the larger business by last-quarter revenue ($86.5M vs $71.1M, roughly 1.2× RE/MAX Holdings, Inc.). Burke & Herbert Financial Services Corp. runs the higher net margin — 34.9% vs 2.0%, a 32.9% gap on every dollar of revenue. On growth, Burke & Herbert Financial Services Corp. posted the faster year-over-year revenue change (4.9% vs -1.8%). Burke & Herbert Financial Services Corp. produced more free cash flow last quarter ($96.2M vs $33.5M). Over the past eight quarters, Burke & Herbert Financial Services Corp.'s revenue compounded faster (81.1% CAGR vs -4.7%).

Burke & Herbert Financial Services Corp is a U.S.-based regional financial holding company, offering personal and commercial banking, wealth management, residential mortgage lending, and small business financing services. Its core market covers Virginia and adjacent Mid-Atlantic regions, serving retail consumers, SMEs, and high-net-worth clients.

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.

BHRB vs RMAX — Head-to-Head

Bigger by revenue
BHRB
BHRB
1.2× larger
BHRB
$86.5M
$71.1M
RMAX
Growing faster (revenue YoY)
BHRB
BHRB
+6.7% gap
BHRB
4.9%
-1.8%
RMAX
Higher net margin
BHRB
BHRB
32.9% more per $
BHRB
34.9%
2.0%
RMAX
More free cash flow
BHRB
BHRB
$62.7M more FCF
BHRB
$96.2M
$33.5M
RMAX
Faster 2-yr revenue CAGR
BHRB
BHRB
Annualised
BHRB
81.1%
-4.7%
RMAX

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BHRB
BHRB
RMAX
RMAX
Revenue
$86.5M
$71.1M
Net Profit
$30.2M
$1.4M
Gross Margin
Operating Margin
43.8%
13.1%
Net Margin
34.9%
2.0%
Revenue YoY
4.9%
-1.8%
Net Profit YoY
52.8%
-75.2%
EPS (diluted)
$1.98

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
BHRB
BHRB
RMAX
RMAX
Q4 25
$86.5M
$71.1M
Q3 25
$85.4M
$73.2M
Q2 25
$87.1M
$72.8M
Q1 25
$83.0M
$74.5M
Q4 24
$82.5M
$72.5M
Q3 24
$83.8M
$78.5M
Q2 24
$69.3M
$78.5M
Q1 24
$26.4M
$78.3M
Net Profit
BHRB
BHRB
RMAX
RMAX
Q4 25
$30.2M
$1.4M
Q3 25
$30.0M
$4.0M
Q2 25
$29.9M
$4.7M
Q1 25
$27.2M
$-2.0M
Q4 24
$19.8M
$5.8M
Q3 24
$27.6M
$966.0K
Q2 24
$-16.9M
$3.7M
Q1 24
$5.2M
$-3.4M
Operating Margin
BHRB
BHRB
RMAX
RMAX
Q4 25
43.8%
13.1%
Q3 25
43.3%
25.0%
Q2 25
42.7%
19.3%
Q1 25
39.6%
7.2%
Q4 24
24.6%
5.9%
Q3 24
39.2%
19.4%
Q2 24
-27.5%
20.6%
Q1 24
22.3%
5.8%
Net Margin
BHRB
BHRB
RMAX
RMAX
Q4 25
34.9%
2.0%
Q3 25
35.1%
5.4%
Q2 25
34.3%
6.4%
Q1 25
32.8%
-2.6%
Q4 24
24.0%
8.0%
Q3 24
33.0%
1.2%
Q2 24
-24.4%
4.7%
Q1 24
19.8%
-4.3%
EPS (diluted)
BHRB
BHRB
RMAX
RMAX
Q4 25
$1.98
Q3 25
$1.97
Q2 25
$1.97
Q1 25
$1.80
Q4 24
$1.72
Q3 24
$1.82
Q2 24
$-1.41
Q1 24
$0.69

Balance Sheet & Financial Strength

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

Metric
BHRB
BHRB
RMAX
RMAX
Cash + ST InvestmentsLiquidity on hand
$118.7M
Total DebtLower is stronger
$432.2M
Stockholders' EquityBook value
$854.6M
$452.4M
Total Assets
$7.9B
$582.5M
Debt / EquityLower = less leverage
0.96×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BHRB
BHRB
RMAX
RMAX
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
Q1 24
$82.1M
Total Debt
BHRB
BHRB
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
BHRB
BHRB
RMAX
RMAX
Q4 25
$854.6M
$452.4M
Q3 25
$822.2M
$448.1M
Q2 25
$780.0M
$442.4M
Q1 25
$758.0M
$433.5M
Q4 24
$730.2M
$429.5M
Q3 24
$738.1M
$423.1M
Q2 24
$693.1M
$418.4M
Q1 24
$319.3M
$412.0M
Total Assets
BHRB
BHRB
RMAX
RMAX
Q4 25
$7.9B
$582.5M
Q3 25
$7.9B
$582.2M
Q2 25
$8.1B
$574.8M
Q1 25
$7.8B
$571.4M
Q4 24
$7.8B
$581.6M
Q3 24
$7.9B
$578.6M
Q2 24
$7.8B
$571.4M
Q1 24
$3.7B
$566.7M
Debt / Equity
BHRB
BHRB
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
BHRB
BHRB
RMAX
RMAX
Operating Cash FlowLast quarter
$107.9M
$40.9M
Free Cash FlowOCF − Capex
$96.2M
$33.5M
FCF MarginFCF / Revenue
111.2%
47.1%
Capex IntensityCapex / Revenue
13.5%
10.4%
Cash ConversionOCF / Net Profit
3.57×
28.39×
TTM Free Cash FlowTrailing 4 quarters
$164.1M
$56.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BHRB
BHRB
RMAX
RMAX
Q4 25
$107.9M
$40.9M
Q3 25
$39.3M
$17.7M
Q2 25
$41.0K
$4.6M
Q1 25
$37.6M
$5.7M
Q4 24
$85.8M
$59.7M
Q3 24
$47.8M
$17.6M
Q2 24
$-46.0M
$15.9M
Q1 24
$7.1M
$9.4M
Free Cash Flow
BHRB
BHRB
RMAX
RMAX
Q4 25
$96.2M
$33.5M
Q3 25
$35.4M
$16.4M
Q2 25
$-3.4M
$2.9M
Q1 25
$35.9M
$4.0M
Q4 24
$81.2M
$53.0M
Q3 24
$46.0M
$16.3M
Q2 24
$-47.0M
$14.0M
Q1 24
$5.6M
$6.8M
FCF Margin
BHRB
BHRB
RMAX
RMAX
Q4 25
111.2%
47.1%
Q3 25
41.5%
22.4%
Q2 25
-3.9%
4.0%
Q1 25
43.2%
5.3%
Q4 24
98.5%
73.2%
Q3 24
55.0%
20.8%
Q2 24
-67.8%
17.8%
Q1 24
21.2%
8.6%
Capex Intensity
BHRB
BHRB
RMAX
RMAX
Q4 25
13.5%
10.4%
Q3 25
4.5%
1.8%
Q2 25
3.9%
2.2%
Q1 25
2.1%
2.3%
Q4 24
5.5%
9.1%
Q3 24
2.1%
1.7%
Q2 24
1.5%
2.4%
Q1 24
5.7%
3.3%
Cash Conversion
BHRB
BHRB
RMAX
RMAX
Q4 25
3.57×
28.39×
Q3 25
1.31×
4.45×
Q2 25
0.00×
0.97×
Q1 25
1.38×
Q4 24
4.33×
10.28×
Q3 24
1.73×
18.22×
Q2 24
4.29×
Q1 24
1.36×

Financial Flow Comparison

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

Revenue Breakdown by Segment

BHRB
BHRB

Segment breakdown not available.

RMAX
RMAX

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

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