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

COMTECH TELECOMMUNICATIONS CORP is the larger business by last-quarter revenue ($111.0M vs $71.1M, roughly 1.6× RE/MAX Holdings, Inc.). RE/MAX Holdings, Inc. runs the higher net margin — 2.0% vs -14.3%, a 16.3% gap on every dollar of revenue. On growth, RE/MAX Holdings, Inc. posted the faster year-over-year revenue change (-1.8% vs -4.1%). RE/MAX Holdings, Inc. produced more free cash flow last quarter ($33.5M vs $4.8M). Over the past eight quarters, RE/MAX Holdings, Inc.'s revenue compounded faster (-4.7% CAGR vs -9.0%).

Comtech Telecommunications Corp is a global provider of advanced communication technologies, including satellite communication systems, terrestrial network infrastructure, and location-based services. It serves government, defense, mobile network operator, and enterprise clients across North America, Europe, and Asia Pacific, focusing on reliable, secure connectivity solutions for critical use cases.

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.

CMTL vs RMAX — Head-to-Head

Bigger by revenue
CMTL
CMTL
1.6× larger
CMTL
$111.0M
$71.1M
RMAX
Growing faster (revenue YoY)
RMAX
RMAX
+2.3% gap
RMAX
-1.8%
-4.1%
CMTL
Higher net margin
RMAX
RMAX
16.3% more per $
RMAX
2.0%
-14.3%
CMTL
More free cash flow
RMAX
RMAX
$28.7M more FCF
RMAX
$33.5M
$4.8M
CMTL
Faster 2-yr revenue CAGR
RMAX
RMAX
Annualised
RMAX
-4.7%
-9.0%
CMTL

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
CMTL
CMTL
RMAX
RMAX
Revenue
$111.0M
$71.1M
Net Profit
$-15.9M
$1.4M
Gross Margin
33.1%
Operating Margin
-2.5%
13.1%
Net Margin
-14.3%
2.0%
Revenue YoY
-4.1%
-1.8%
Net Profit YoY
89.3%
-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
CMTL
CMTL
RMAX
RMAX
Q4 25
$111.0M
$71.1M
Q3 25
$130.4M
$73.2M
Q2 25
$126.8M
$72.8M
Q1 25
$126.6M
$74.5M
Q4 24
$115.8M
$72.5M
Q3 24
$126.2M
$78.5M
Q2 24
$128.1M
$78.5M
Q1 24
$134.2M
$78.3M
Net Profit
CMTL
CMTL
RMAX
RMAX
Q4 25
$-15.9M
$1.4M
Q3 25
$7.9M
$4.0M
Q2 25
$33.9M
$4.7M
Q1 25
$-48.7M
$-2.0M
Q4 24
$-148.4M
$5.8M
Q3 24
$-90.8M
$966.0K
Q2 24
$2.8M
$3.7M
Q1 24
$-10.6M
$-3.4M
Gross Margin
CMTL
CMTL
RMAX
RMAX
Q4 25
33.1%
Q3 25
31.2%
Q2 25
30.7%
Q1 25
26.7%
Q4 24
12.5%
Q3 24
21.5%
Q2 24
30.4%
Q1 24
32.2%
Operating Margin
CMTL
CMTL
RMAX
RMAX
Q4 25
-2.5%
13.1%
Q3 25
1.4%
25.0%
Q2 25
-1.2%
19.3%
Q1 25
-8.1%
7.2%
Q4 24
-111.5%
5.9%
Q3 24
-64.6%
19.4%
Q2 24
-2.7%
20.6%
Q1 24
2.2%
5.8%
Net Margin
CMTL
CMTL
RMAX
RMAX
Q4 25
-14.3%
2.0%
Q3 25
6.1%
5.4%
Q2 25
26.8%
6.4%
Q1 25
-38.5%
-2.6%
Q4 24
-128.2%
8.0%
Q3 24
-71.9%
1.2%
Q2 24
2.2%
4.7%
Q1 24
-7.9%
-4.3%
EPS (diluted)
CMTL
CMTL
RMAX
RMAX
Q4 25
$-0.67
Q3 25
$-0.41
Q2 25
$-0.49
Q1 25
$-0.76
Q4 24
$-5.29
Q3 24
$-3.48
Q2 24
$-0.04
Q1 24
$-1.07

Balance Sheet & Financial Strength

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

Metric
CMTL
CMTL
RMAX
RMAX
Cash + ST InvestmentsLiquidity on hand
$43.6M
$118.7M
Total DebtLower is stronger
$432.2M
Stockholders' EquityBook value
$85.6M
$452.4M
Total Assets
$734.1M
$582.5M
Debt / EquityLower = less leverage
0.96×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CMTL
CMTL
RMAX
RMAX
Q4 25
$43.6M
$118.7M
Q3 25
$40.0M
$107.5M
Q2 25
$28.4M
$94.3M
Q1 25
$26.7M
$89.1M
Q4 24
$29.6M
$96.6M
Q3 24
$32.4M
$83.8M
Q2 24
$27.2M
$66.1M
Q1 24
$40.0M
$82.1M
Total Debt
CMTL
CMTL
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
CMTL
CMTL
RMAX
RMAX
Q4 25
$85.6M
$452.4M
Q3 25
$104.4M
$448.1M
Q2 25
$115.4M
$442.4M
Q1 25
$128.7M
$433.5M
Q4 24
$150.4M
$429.5M
Q3 24
$306.3M
$423.1M
Q2 24
$406.4M
$418.4M
Q1 24
$407.0M
$412.0M
Total Assets
CMTL
CMTL
RMAX
RMAX
Q4 25
$734.1M
$582.5M
Q3 25
$740.8M
$582.2M
Q2 25
$751.1M
$574.8M
Q1 25
$770.6M
$571.4M
Q4 24
$793.2M
$581.6M
Q3 24
$793.2M
$578.6M
Q2 24
$991.0M
$571.4M
Q1 24
$996.8M
$566.7M
Debt / Equity
CMTL
CMTL
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
CMTL
CMTL
RMAX
RMAX
Operating Cash FlowLast quarter
$8.1M
$40.9M
Free Cash FlowOCF − Capex
$4.8M
$33.5M
FCF MarginFCF / Revenue
4.3%
47.1%
Capex IntensityCapex / Revenue
2.9%
10.4%
Cash ConversionOCF / Net Profit
28.39×
TTM Free Cash FlowTrailing 4 quarters
$12.2M
$56.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CMTL
CMTL
RMAX
RMAX
Q4 25
$8.1M
$40.9M
Q3 25
$11.4M
$17.7M
Q2 25
$2.3M
$4.6M
Q1 25
$-234.0K
$5.7M
Q4 24
$-21.8M
$59.7M
Q3 24
$-9.5M
$17.6M
Q2 24
$-3.8M
$15.9M
Q1 24
$-26.7M
$9.4M
Free Cash Flow
CMTL
CMTL
RMAX
RMAX
Q4 25
$4.8M
$33.5M
Q3 25
$9.4M
$16.4M
Q2 25
$-160.0K
$2.9M
Q1 25
$-1.9M
$4.0M
Q4 24
$-24.2M
$53.0M
Q3 24
$-12.4M
$16.3M
Q2 24
$-6.5M
$14.0M
Q1 24
$-30.9M
$6.8M
FCF Margin
CMTL
CMTL
RMAX
RMAX
Q4 25
4.3%
47.1%
Q3 25
7.2%
22.4%
Q2 25
-0.1%
4.0%
Q1 25
-1.5%
5.3%
Q4 24
-20.9%
73.2%
Q3 24
-9.8%
20.8%
Q2 24
-5.0%
17.8%
Q1 24
-23.0%
8.6%
Capex Intensity
CMTL
CMTL
RMAX
RMAX
Q4 25
2.9%
10.4%
Q3 25
1.6%
1.8%
Q2 25
1.9%
2.2%
Q1 25
1.3%
2.3%
Q4 24
2.1%
9.1%
Q3 24
2.3%
1.7%
Q2 24
2.1%
2.4%
Q1 24
3.2%
3.3%
Cash Conversion
CMTL
CMTL
RMAX
RMAX
Q4 25
28.39×
Q3 25
1.45×
4.45×
Q2 25
0.07×
0.97×
Q1 25
Q4 24
10.28×
Q3 24
18.22×
Q2 24
-1.36×
4.29×
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

CMTL
CMTL

Satellite And Space Communications Segment$55.1M50%
Transferred At Point In Time$39.4M36%
Satellite And Space Communications$16.3M15%
Terrestrial And Wireless Networks$1.1M1%

RMAX
RMAX

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

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