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Side-by-side financial comparison of Cheer Holding, Inc. (CHR) 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 $71.0M, roughly 1.0× Cheer Holding, Inc.). Cheer Holding, Inc. runs the higher net margin — 10.9% vs 2.0%, a 8.9% gap on every dollar of revenue. On growth, Cheer Holding, Inc. posted the faster year-over-year revenue change (-0.1% vs -1.8%).

Cheer Holding, Inc. is a diversified holding company primarily operating in the Chinese market, with core business segments covering early childhood education services, mobile lifestyle platforms, digital content offerings, and integrated consumer solutions for households and enterprise partners across multiple demand scenarios.

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.

CHR vs RMAX — Head-to-Head

Bigger by revenue
RMAX
RMAX
1.0× larger
RMAX
$71.1M
$71.0M
CHR
Growing faster (revenue YoY)
CHR
CHR
+1.7% gap
CHR
-0.1%
-1.8%
RMAX
Higher net margin
CHR
CHR
8.9% more per $
CHR
10.9%
2.0%
RMAX

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
CHR
CHR
RMAX
RMAX
Revenue
$71.0M
$71.1M
Net Profit
$7.8M
$1.4M
Gross Margin
70.7%
Operating Margin
11.7%
13.1%
Net Margin
10.9%
2.0%
Revenue YoY
-0.1%
-1.8%
Net Profit YoY
-37.5%
-75.2%
EPS (diluted)
$0.67

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
CHR
CHR
RMAX
RMAX
Q4 25
$71.1M
Q3 25
$73.2M
Q2 25
$71.0M
$72.8M
Q1 25
$74.5M
Q4 24
$72.5M
Q3 24
$78.5M
Q2 24
$71.1M
$78.5M
Q1 24
$78.3M
Net Profit
CHR
CHR
RMAX
RMAX
Q4 25
$1.4M
Q3 25
$4.0M
Q2 25
$7.8M
$4.7M
Q1 25
$-2.0M
Q4 24
$5.8M
Q3 24
$966.0K
Q2 24
$12.4M
$3.7M
Q1 24
$-3.4M
Gross Margin
CHR
CHR
RMAX
RMAX
Q4 25
Q3 25
Q2 25
70.7%
Q1 25
Q4 24
Q3 24
Q2 24
73.4%
Q1 24
Operating Margin
CHR
CHR
RMAX
RMAX
Q4 25
13.1%
Q3 25
25.0%
Q2 25
11.7%
19.3%
Q1 25
7.2%
Q4 24
5.9%
Q3 24
19.4%
Q2 24
16.4%
20.6%
Q1 24
5.8%
Net Margin
CHR
CHR
RMAX
RMAX
Q4 25
2.0%
Q3 25
5.4%
Q2 25
10.9%
6.4%
Q1 25
-2.6%
Q4 24
8.0%
Q3 24
1.2%
Q2 24
17.5%
4.7%
Q1 24
-4.3%
EPS (diluted)
CHR
CHR
RMAX
RMAX
Q4 25
Q3 25
Q2 25
$0.67
Q1 25
Q4 24
Q3 24
Q2 24
$1.23
Q1 24

Balance Sheet & Financial Strength

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

Metric
CHR
CHR
RMAX
RMAX
Cash + ST InvestmentsLiquidity on hand
$118.7M
Total DebtLower is stronger
$432.2M
Stockholders' EquityBook value
$322.1M
$452.4M
Total Assets
$362.7M
$582.5M
Debt / EquityLower = less leverage
0.96×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CHR
CHR
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
$186.1M
$66.1M
Q1 24
$82.1M
Total Debt
CHR
CHR
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
CHR
CHR
RMAX
RMAX
Q4 25
$452.4M
Q3 25
$448.1M
Q2 25
$322.1M
$442.4M
Q1 25
$433.5M
Q4 24
$429.5M
Q3 24
$423.1M
Q2 24
$286.1M
$418.4M
Q1 24
$412.0M
Total Assets
CHR
CHR
RMAX
RMAX
Q4 25
$582.5M
Q3 25
$582.2M
Q2 25
$362.7M
$574.8M
Q1 25
$571.4M
Q4 24
$581.6M
Q3 24
$578.6M
Q2 24
$333.2M
$571.4M
Q1 24
$566.7M
Debt / Equity
CHR
CHR
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
CHR
CHR
RMAX
RMAX
Operating Cash FlowLast quarter
$3.9M
$40.9M
Free Cash FlowOCF − Capex
$33.5M
FCF MarginFCF / Revenue
47.1%
Capex IntensityCapex / Revenue
10.4%
Cash ConversionOCF / Net Profit
0.51×
28.39×
TTM Free Cash FlowTrailing 4 quarters
$56.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CHR
CHR
RMAX
RMAX
Q4 25
$40.9M
Q3 25
$17.7M
Q2 25
$3.9M
$4.6M
Q1 25
$5.7M
Q4 24
$59.7M
Q3 24
$17.6M
Q2 24
$-6.7M
$15.9M
Q1 24
$9.4M
Free Cash Flow
CHR
CHR
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
CHR
CHR
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
CHR
CHR
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
CHR
CHR
RMAX
RMAX
Q4 25
28.39×
Q3 25
4.45×
Q2 25
0.51×
0.97×
Q1 25
Q4 24
10.28×
Q3 24
18.22×
Q2 24
-0.54×
4.29×
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

CHR
CHR

Segment breakdown not available.

RMAX
RMAX

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

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