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Side-by-side financial comparison of CODEXIS, INC. (CDXS) 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 $38.9M, roughly 1.8× CODEXIS, INC.). CODEXIS, INC. runs the higher net margin — 24.7% vs 2.0%, a 22.6% gap on every dollar of revenue. On growth, CODEXIS, INC. posted the faster year-over-year revenue change (81.3% vs -1.8%). RE/MAX Holdings, Inc. produced more free cash flow last quarter ($33.5M vs $19.6M). Over the past eight quarters, CODEXIS, INC.'s revenue compounded faster (51.0% CAGR vs -4.7%).
Codexis, Inc. is a protein engineering company that develops enzymes for pharmaceutical, food and medical applications.
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.
CDXS vs RMAX — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $38.9M | $71.1M |
| Net Profit | $9.6M | $1.4M |
| Gross Margin | 94.8% | — |
| Operating Margin | 27.1% | 13.1% |
| Net Margin | 24.7% | 2.0% |
| Revenue YoY | 81.3% | -1.8% |
| Net Profit YoY | 192.5% | -75.2% |
| EPS (diluted) | $0.13 | — |
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.
| Q4 25 | $38.9M | $71.1M | ||
| Q3 25 | $8.6M | $73.2M | ||
| Q2 25 | $15.3M | $72.8M | ||
| Q1 25 | $7.5M | $74.5M | ||
| Q4 24 | $21.5M | $72.5M | ||
| Q3 24 | $12.8M | $78.5M | ||
| Q2 24 | $8.0M | $78.5M | ||
| Q1 24 | $17.1M | $78.3M |
| Q4 25 | $9.6M | $1.4M | ||
| Q3 25 | $-19.6M | $4.0M | ||
| Q2 25 | $-13.3M | $4.7M | ||
| Q1 25 | $-20.7M | $-2.0M | ||
| Q4 24 | $-10.4M | $5.8M | ||
| Q3 24 | $-20.6M | $966.0K | ||
| Q2 24 | $-22.8M | $3.7M | ||
| Q1 24 | $-11.5M | $-3.4M |
| Q4 25 | 94.8% | — | ||
| Q3 25 | 71.3% | — | ||
| Q2 25 | 86.3% | — | ||
| Q1 25 | 63.8% | — | ||
| Q4 24 | 83.0% | — | ||
| Q3 24 | 66.4% | — | ||
| Q2 24 | 56.6% | — | ||
| Q1 24 | 71.6% | — |
| Q4 25 | 27.1% | 13.1% | ||
| Q3 25 | -220.3% | 25.0% | ||
| Q2 25 | -83.9% | 19.3% | ||
| Q1 25 | -271.6% | 7.2% | ||
| Q4 24 | -34.2% | 5.9% | ||
| Q3 24 | -129.0% | 19.4% | ||
| Q2 24 | -284.9% | 20.6% | ||
| Q1 24 | -69.6% | 5.8% |
| Q4 25 | 24.7% | 2.0% | ||
| Q3 25 | -228.1% | 5.4% | ||
| Q2 25 | -86.6% | 6.4% | ||
| Q1 25 | -274.3% | -2.6% | ||
| Q4 24 | -48.4% | 8.0% | ||
| Q3 24 | -160.8% | 1.2% | ||
| Q2 24 | -285.2% | 4.7% | ||
| Q1 24 | -67.4% | -4.3% |
| Q4 25 | $0.13 | — | ||
| Q3 25 | $-0.22 | — | ||
| Q2 25 | $-0.16 | — | ||
| Q1 25 | $-0.25 | — | ||
| Q4 24 | $-0.12 | — | ||
| Q3 24 | $-0.29 | — | ||
| Q2 24 | $-0.32 | — | ||
| Q1 24 | $-0.16 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $78.2M | $118.7M |
| Total DebtLower is stronger | $40.1M | $432.2M |
| Stockholders' EquityBook value | $50.5M | $452.4M |
| Total Assets | $147.8M | $582.5M |
| Debt / EquityLower = less leverage | 0.79× | 0.96× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $78.2M | $118.7M | ||
| Q3 25 | $58.7M | $107.5M | ||
| Q2 25 | $66.3M | $94.3M | ||
| Q1 25 | $59.8M | $89.1M | ||
| Q4 24 | $73.5M | $96.6M | ||
| Q3 24 | $90.3M | $83.8M | ||
| Q2 24 | $73.2M | $66.1M | ||
| Q1 24 | $85.5M | $82.1M |
| Q4 25 | $40.1M | $432.2M | ||
| Q3 25 | $39.7M | $433.3M | ||
| Q2 25 | $39.4M | $434.4M | ||
| Q1 25 | $29.2M | $435.3M | ||
| Q4 24 | $28.9M | $436.2M | ||
| Q3 24 | $28.6M | $437.2M | ||
| Q2 24 | $28.4M | $438.1M | ||
| Q1 24 | $28.1M | $439.0M |
| Q4 25 | $50.5M | $452.4M | ||
| Q3 25 | $38.5M | $448.1M | ||
| Q2 25 | $55.6M | $442.4M | ||
| Q1 25 | $49.6M | $433.5M | ||
| Q4 24 | $66.9M | $429.5M | ||
| Q3 24 | $73.4M | $423.1M | ||
| Q2 24 | $61.4M | $418.4M | ||
| Q1 24 | $79.3M | $412.0M |
| Q4 25 | $147.8M | $582.5M | ||
| Q3 25 | $124.0M | $582.2M | ||
| Q2 25 | $138.2M | $574.8M | ||
| Q1 25 | $128.9M | $571.4M | ||
| Q4 24 | $149.0M | $581.6M | ||
| Q3 24 | $148.2M | $578.6M | ||
| Q2 24 | $132.0M | $571.4M | ||
| Q1 24 | $149.6M | $566.7M |
| Q4 25 | 0.79× | 0.96× | ||
| Q3 25 | 1.03× | 0.97× | ||
| Q2 25 | 0.71× | 0.98× | ||
| Q1 25 | 0.59× | 1.00× | ||
| Q4 24 | 0.43× | 1.02× | ||
| Q3 24 | 0.39× | 1.03× | ||
| Q2 24 | 0.46× | 1.05× | ||
| Q1 24 | 0.35× | 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $20.1M | $40.9M |
| Free Cash FlowOCF − Capex | $19.6M | $33.5M |
| FCF MarginFCF / Revenue | 50.3% | 47.1% |
| Capex IntensityCapex / Revenue | 1.3% | 10.4% |
| Cash ConversionOCF / Net Profit | 2.09× | 28.39× |
| TTM Free Cash FlowTrailing 4 quarters | $-23.8M | $56.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $20.1M | $40.9M | ||
| Q3 25 | $-7.7M | $17.7M | ||
| Q2 25 | $-18.0M | $4.6M | ||
| Q1 25 | $-13.8M | $5.7M | ||
| Q4 24 | $-16.5M | $59.7M | ||
| Q3 24 | $-13.0M | $17.6M | ||
| Q2 24 | $-12.2M | $15.9M | ||
| Q1 24 | $-7.8M | $9.4M |
| Q4 25 | $19.6M | $33.5M | ||
| Q3 25 | $-7.9M | $16.4M | ||
| Q2 25 | $-20.5M | $2.9M | ||
| Q1 25 | $-15.1M | $4.0M | ||
| Q4 24 | $-18.2M | $53.0M | ||
| Q3 24 | $-14.0M | $16.3M | ||
| Q2 24 | $-12.6M | $14.0M | ||
| Q1 24 | $-8.9M | $6.8M |
| Q4 25 | 50.3% | 47.1% | ||
| Q3 25 | -91.7% | 22.4% | ||
| Q2 25 | -133.6% | 4.0% | ||
| Q1 25 | -199.6% | 5.3% | ||
| Q4 24 | -85.0% | 73.2% | ||
| Q3 24 | -109.0% | 20.8% | ||
| Q2 24 | -157.5% | 17.8% | ||
| Q1 24 | -52.2% | 8.6% |
| Q4 25 | 1.3% | 10.4% | ||
| Q3 25 | 2.1% | 1.8% | ||
| Q2 25 | 16.4% | 2.2% | ||
| Q1 25 | 16.7% | 2.3% | ||
| Q4 24 | 8.3% | 9.1% | ||
| Q3 24 | 7.8% | 1.7% | ||
| Q2 24 | 5.0% | 2.4% | ||
| Q1 24 | 6.6% | 3.3% |
| Q4 25 | 2.09× | 28.39× | ||
| Q3 25 | — | 4.45× | ||
| Q2 25 | — | 0.97× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 10.28× | ||
| Q3 24 | — | 18.22× | ||
| Q2 24 | — | 4.29× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CDXS
Segment breakdown not available.
RMAX
| Franchising Segment | $50.1M | 70% |
| Broker Fees | $13.9M | 20% |
| Annual Dues | $7.4M | 10% |
