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Side-by-side financial comparison of Douglas Elliman Inc. (DOUG) and Emerald Holding, Inc. (EEX). Click either name above to swap in a different company.
Douglas Elliman Inc. is the larger business by last-quarter revenue ($245.4M vs $132.7M, roughly 1.8× Emerald Holding, Inc.). Douglas Elliman Inc. runs the higher net margin — 27.9% vs -22.8%, a 50.7% gap on every dollar of revenue. On growth, Emerald Holding, Inc. posted the faster year-over-year revenue change (24.3% vs 0.9%). Emerald Holding, Inc. produced more free cash flow last quarter ($11.7M vs $-14.7M). Over the past eight quarters, Douglas Elliman Inc.'s revenue compounded faster (10.7% CAGR vs -0.3%).
Douglas Elliman Inc. is a leading U.S.-based residential real estate brokerage firm. It offers luxury property sales, rentals, property management, and advisory solutions, serving high-net-worth clients across key metro markets including New York, California, Florida, and Texas.
TVS Emerald Haven Realty Limited is an Indian real estate development company headquartered in Chennai, Tamil Nadu. A subsidiary of TVS Holdings, it specializes in sustainable residential communities and urban development projects.
DOUG vs EEX — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $245.4M | $132.7M |
| Net Profit | $68.6M | $-30.2M |
| Gross Margin | — | — |
| Operating Margin | 27.3% | -11.8% |
| Net Margin | 27.9% | -22.8% |
| Revenue YoY | 0.9% | 24.3% |
| Net Profit YoY | 1243.4% | -692.2% |
| EPS (diluted) | $0.80 | $-0.15 |
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 | $245.4M | $132.7M | ||
| Q3 25 | $262.8M | $77.5M | ||
| Q2 25 | $271.4M | $105.5M | ||
| Q1 25 | $253.4M | $147.7M | ||
| Q4 24 | $243.3M | $106.8M | ||
| Q3 24 | $266.3M | $72.6M | ||
| Q2 24 | $285.8M | $86.0M | ||
| Q1 24 | $200.2M | $133.4M |
| Q4 25 | $68.6M | $-30.2M | ||
| Q3 25 | $-24.7M | $-14.4M | ||
| Q2 25 | $-22.7M | $-1.4M | ||
| Q1 25 | $-6.0M | $15.3M | ||
| Q4 24 | $-6.0M | $5.1M | ||
| Q3 24 | $-27.2M | $-11.1M | ||
| Q2 24 | $-1.7M | $-2.8M | ||
| Q1 24 | $-41.5M | $11.0M |
| Q4 25 | 27.3% | -11.8% | ||
| Q3 25 | -4.1% | -10.1% | ||
| Q2 25 | -2.0% | 9.7% | ||
| Q1 25 | -2.1% | 24.2% | ||
| Q4 24 | -6.7% | 19.5% | ||
| Q3 24 | -2.8% | -6.5% | ||
| Q2 24 | -1.3% | 7.4% | ||
| Q1 24 | -20.7% | 18.2% |
| Q4 25 | 27.9% | -22.8% | ||
| Q3 25 | -9.4% | -18.6% | ||
| Q2 25 | -8.4% | -1.3% | ||
| Q1 25 | -2.4% | 10.4% | ||
| Q4 24 | -2.5% | 4.8% | ||
| Q3 24 | -10.2% | -15.3% | ||
| Q2 24 | -0.6% | -3.3% | ||
| Q1 24 | -20.7% | 8.2% |
| Q4 25 | $0.80 | $-0.15 | ||
| Q3 25 | $-0.29 | $-0.07 | ||
| Q2 25 | $-0.27 | $-0.01 | ||
| Q1 25 | $-0.07 | $0.08 | ||
| Q4 24 | $-0.06 | $0.01 | ||
| Q3 24 | $-0.33 | $-0.05 | ||
| Q2 24 | $-0.02 | $-0.03 | ||
| Q1 24 | $-0.50 | $0.00 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $115.5M | $100.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $183.9M | $338.8M |
| Total Assets | $444.4M | $1.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $115.5M | $100.9M | ||
| Q3 25 | $143.0M | $95.4M | ||
| Q2 25 | $136.3M | $156.4M | ||
| Q1 25 | $136.8M | $276.8M | ||
| Q4 24 | $145.5M | $194.8M | ||
| Q3 24 | $151.4M | $188.9M | ||
| Q2 24 | $92.9M | $193.2M | ||
| Q1 24 | $91.5M | $186.8M |
| Q4 25 | $183.9M | $338.8M | ||
| Q3 25 | $115.1M | $369.5M | ||
| Q2 25 | $137.6M | $389.4M | ||
| Q1 25 | $158.2M | $392.1M | ||
| Q4 24 | $162.2M | $385.9M | ||
| Q3 24 | $173.6M | $391.1M | ||
| Q2 24 | $196.9M | $407.6M | ||
| Q1 24 | $195.1M | $-90.7M |
| Q4 25 | $444.4M | $1.2B | ||
| Q3 25 | $480.6M | $1.2B | ||
| Q2 25 | $489.0M | $1.2B | ||
| Q1 25 | $493.9M | $1.2B | ||
| Q4 24 | $493.9M | $1.0B | ||
| Q3 24 | $502.7M | $1.1B | ||
| Q2 24 | $463.9M | $1.1B | ||
| Q1 24 | $461.1M | $1.1B |
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 | $-14.4M | $12.3M |
| Free Cash FlowOCF − Capex | $-14.7M | $11.7M |
| FCF MarginFCF / Revenue | -6.0% | 8.8% |
| Capex IntensityCapex / Revenue | 0.1% | 0.5% |
| Cash ConversionOCF / Net Profit | -0.21× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-17.2M | $41.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-14.4M | $12.3M | ||
| Q3 25 | $5.5M | $1.8M | ||
| Q2 25 | $642.0K | $15.9M | ||
| Q1 25 | $-5.6M | $12.6M | ||
| Q4 24 | $-9.0M | $20.6M | ||
| Q3 24 | $9.0M | $9.1M | ||
| Q2 24 | $1.3M | $9.8M | ||
| Q1 24 | $-27.3M | $7.3M |
| Q4 25 | $-14.7M | $11.7M | ||
| Q3 25 | $4.7M | $1.5M | ||
| Q2 25 | $-575.0K | $15.8M | ||
| Q1 25 | $-6.7M | $12.4M | ||
| Q4 24 | $-10.2M | $19.9M | ||
| Q3 24 | $7.7M | $9.0M | ||
| Q2 24 | $432.0K | $9.6M | ||
| Q1 24 | $-29.4M | $7.0M |
| Q4 25 | -6.0% | 8.8% | ||
| Q3 25 | 1.8% | 1.9% | ||
| Q2 25 | -0.2% | 15.0% | ||
| Q1 25 | -2.6% | 8.4% | ||
| Q4 24 | -4.2% | 18.6% | ||
| Q3 24 | 2.9% | 12.4% | ||
| Q2 24 | 0.2% | 11.2% | ||
| Q1 24 | -14.7% | 5.2% |
| Q4 25 | 0.1% | 0.5% | ||
| Q3 25 | 0.3% | 0.4% | ||
| Q2 25 | 0.4% | 0.1% | ||
| Q1 25 | 0.4% | 0.1% | ||
| Q4 24 | 0.5% | 0.7% | ||
| Q3 24 | 0.5% | 0.1% | ||
| Q2 24 | 0.3% | 0.2% | ||
| Q1 24 | 1.0% | 0.2% |
| Q4 25 | -0.21× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 0.82× | ||
| Q4 24 | — | 4.04× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 0.66× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DOUG
| Commissions And Other Brokerage Income | $240.3M | 98% |
| Property Management Income | $2.8M | 1% |
| Property Management | $2.2M | 1% |
EEX
| Connections Segment | $121.9M | 92% |
| Commerce Segment | $5.5M | 4% |
| Content | $5.3M | 4% |
