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Side-by-side financial comparison of CTO Realty Growth, Inc. (CTO) and Real Brokerage Inc (REAX), based on the latest 10-Q / 10-K filings. Click either name above to swap in a different company.
Real Brokerage Inc is the larger business by last-quarter revenue ($568.5M vs $38.3M, roughly 14.8× CTO Realty Growth, Inc.). CTO Realty Growth, Inc. runs the higher net margin — 73.9% vs -0.1%, a 74.0% gap on every dollar of revenue. On growth, Real Brokerage Inc posted the faster year-over-year revenue change (52.6% vs 7.3%).
Keller Williams Realty is an American technology and international real estate franchise with headquarters in Austin, Texas. It is the largest real estate franchise in the United States by sales volume as of 2022.
Anywhere Real Estate Inc., formerly Realogy, was an American real estate services firm. It operated and franchised real estate brands that provided brokerage, relocation, title, insurance, and settlement services. Brands included Better Homes and Gardens Real Estate, Century 21 Real Estate, Coldwell Banker, Corcoran Group, ERA Real Estate and Sotheby's International Realty. In 2026, the company was acquired by Compass, Inc.
CTO vs REAX — Head-to-Head
Income Statement — Q4 2025 vs Q3 2025
| Metric | | |
|---|---|---|
| Revenue | $38.3M | $568.5M |
| Net Profit | $28.3M | $-447.0K |
| Gross Margin | 75.0% | 7.9% |
| Operating Margin | 75.1% | -0.1% |
| Net Margin | 73.9% | -0.1% |
| Revenue YoY | 7.3% | 52.6% |
| Net Profit YoY | 286.2% | 82.7% |
| EPS (diluted) | $0.81 | $0.00 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align — see 8-quarter trend below.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history — bar widths are scaled to the larger of the two companies so you can eyeball the size gap and growth trajectory without doing math. Quarters aligned by calendar period (report date) so offset fiscal years line up.
| Q4 25 | $38.3M | — | ||
| Q3 25 | $37.8M | $568.5M | ||
| Q2 25 | $37.6M | $540.7M | ||
| Q1 25 | $35.8M | $354.0M | ||
| Q4 24 | $35.7M | — | ||
| Q3 24 | $31.8M | $372.5M | ||
| Q2 24 | $28.8M | — | ||
| Q1 24 | $28.1M | $200.7M |
| Q4 25 | $28.3M | — | ||
| Q3 25 | $2.9M | $-447.0K | ||
| Q2 25 | $-23.4M | $1.5M | ||
| Q1 25 | $2.3M | $-5.0M | ||
| Q4 24 | $-15.2M | — | ||
| Q3 24 | $6.2M | $-2.6M | ||
| Q2 24 | $1.2M | — | ||
| Q1 24 | $5.8M | $-16.1M |
| Q4 25 | 75.0% | — | ||
| Q3 25 | 75.4% | 7.9% | ||
| Q2 25 | 73.0% | 8.9% | ||
| Q1 25 | 75.2% | 9.6% | ||
| Q4 24 | 74.4% | — | ||
| Q3 24 | 74.4% | 8.6% | ||
| Q2 24 | 71.1% | — | ||
| Q1 24 | 73.1% | 10.3% |
| Q4 25 | 75.1% | — | ||
| Q3 25 | 26.6% | -0.1% | ||
| Q2 25 | -33.7% | 0.3% | ||
| Q1 25 | 22.0% | -1.5% | ||
| Q4 24 | -20.4% | — | ||
| Q3 24 | 15.6% | -0.7% | ||
| Q2 24 | 18.8% | — | ||
| Q1 24 | 51.6% | -7.8% |
| Q4 25 | 73.9% | — | ||
| Q3 25 | 7.7% | -0.1% | ||
| Q2 25 | -62.2% | 0.3% | ||
| Q1 25 | 6.3% | -1.4% | ||
| Q4 24 | -42.6% | — | ||
| Q3 24 | 19.6% | -0.7% | ||
| Q2 24 | 4.1% | — | ||
| Q1 24 | 20.8% | -8.0% |
| Q4 25 | $0.81 | — | ||
| Q3 25 | $0.03 | $0.00 | ||
| Q2 25 | $-0.77 | $0.01 | ||
| Q1 25 | $0.01 | $-0.02 | ||
| Q4 24 | $-0.69 | — | ||
| Q3 24 | $0.17 | $-0.01 | ||
| Q2 24 | $-0.03 | — | ||
| Q1 24 | $0.20 | $-0.09 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest filing — the kind of financial-strength check premium terminals charge for.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $6.5M | $38.7M |
| Total DebtLower is stronger | $616.3M | — |
| Stockholders' EquityBook value | $567.3M | $53.6M |
| Total Assets | $1.3B | $145.2M |
| Debt / EquityLower = less leverage | 1.09× | — |
8-quarter trend — quarters aligned by calendar period so offset fiscal years match up.
| Q4 25 | $6.5M | — | ||
| Q3 25 | $9.3M | $38.7M | ||
| Q2 25 | $8.6M | $49.7M | ||
| Q1 25 | $8.4M | $24.7M | ||
| Q4 24 | $9.0M | — | ||
| Q3 24 | $8.2M | $22.6M | ||
| Q2 24 | $4.8M | — | ||
| Q1 24 | $6.8M | $20.1M |
| Q4 25 | $616.3M | — | ||
| Q3 25 | $604.2M | — | ||
| Q2 25 | $605.4M | — | ||
| Q1 25 | $602.2M | — | ||
| Q4 24 | $519.0M | — | ||
| Q3 24 | $526.8M | — | ||
| Q2 24 | $482.7M | — | ||
| Q1 24 | $542.0M | — |
| Q4 25 | $567.3M | — | ||
| Q3 25 | $557.3M | $53.6M | ||
| Q2 25 | $574.1M | $49.2M | ||
| Q1 25 | $593.9M | $32.8M | ||
| Q4 24 | $612.8M | — | ||
| Q3 24 | $595.8M | $29.8M | ||
| Q2 24 | $491.8M | — | ||
| Q1 24 | $462.2M | $25.6M |
| Q4 25 | $1.3B | — | ||
| Q3 25 | $1.2B | $145.2M | ||
| Q2 25 | $1.2B | $149.4M | ||
| Q1 25 | $1.2B | $100.5M | ||
| Q4 24 | $1.2B | — | ||
| Q3 24 | $1.2B | $102.5M | ||
| Q2 24 | $1.0B | — | ||
| Q1 24 | $1.0B | — |
| Q4 25 | 1.09× | — | ||
| Q3 25 | 1.08× | — | ||
| Q2 25 | 1.05× | — | ||
| Q1 25 | 1.01× | — | ||
| Q4 24 | 0.85× | — | ||
| Q3 24 | 0.88× | — | ||
| Q2 24 | 0.98× | — | ||
| Q1 24 | 1.17× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Net income can be massaged; cash flow is harder to fake.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $6.9M | $8.8M |
| Free Cash FlowOCF − Capex | — | $8.4M |
| FCF MarginFCF / Revenue | — | 1.5% |
| Capex IntensityCapex / Revenue; lower = less reinvestment burden | — | 0.1% |
| Cash ConversionOCF / Net Profit; >1× = earnings back up with cash | 0.24× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $71.7M |
8-quarter trend — quarters aligned by calendar period so offset fiscal years match up.
| Q4 25 | $6.9M | — | ||
| Q3 25 | $25.5M | $8.8M | ||
| Q2 25 | $21.9M | $41.0M | ||
| Q1 25 | $10.3M | $15.9M | ||
| Q4 24 | $14.0M | — | ||
| Q3 24 | $21.2M | $7.2M | ||
| Q2 24 | $12.9M | — | ||
| Q1 24 | $11.8M | $21.5M |
| Q4 25 | — | — | ||
| Q3 25 | — | $8.4M | ||
| Q2 25 | — | $40.8M | ||
| Q1 25 | — | $15.7M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $6.8M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $21.4M |
| Q4 25 | — | — | ||
| Q3 25 | — | 1.5% | ||
| Q2 25 | — | 7.5% | ||
| Q1 25 | — | 4.4% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.8% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 10.7% |
| Q4 25 | — | — | ||
| Q3 25 | — | 0.1% | ||
| Q2 25 | — | 0.0% | ||
| Q1 25 | — | 0.1% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.1% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 0.0% |
| Q4 25 | 0.24× | — | ||
| Q3 25 | 8.75× | — | ||
| Q2 25 | — | 27.13× | ||
| Q1 25 | 4.56× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 3.40× | — | ||
| Q2 24 | 10.89× | — | ||
| Q1 24 | 2.01× | — |
Financial Flow Comparison
Sankey diagram of revenue → gross profit → operating profit → net profit for each company. Charts shown full-width and stacked so both segment hierarchies are readable side-by-side on desktop and mobile.
Revenue Breakdown by Segment
CTO
| Income Properties Segment | $33.7M | 88% |
| Commercial Loan Investments Segment | $3.4M | 9% |
| Management Agreement With Pine | $1.1M | 3% |
REAX
Segment breakdown not available.
