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Side-by-side financial comparison of Douglas Elliman Inc. (DOUG) and Varex Imaging Corp (VREX). Click either name above to swap in a different company.
Douglas Elliman Inc. is the larger business by last-quarter revenue ($245.4M vs $209.6M, roughly 1.2× Varex Imaging Corp). Douglas Elliman Inc. runs the higher net margin — 27.9% vs 1.1%, a 26.8% gap on every dollar of revenue. On growth, Varex Imaging Corp posted the faster year-over-year revenue change (4.9% vs 0.9%). Douglas Elliman Inc. produced more free cash flow last quarter ($-14.7M vs $-26.8M). Over the past eight quarters, Douglas Elliman Inc.'s revenue compounded faster (10.7% CAGR vs 0.8%).
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.
Varex Imaging Corp is a global supplier of advanced imaging components and solutions, including X-ray tubes, digital flat panel detectors, and image processing software. Its products serve medical imaging, radiation oncology, and industrial non-destructive testing segments, with customers across key global markets.
DOUG vs VREX — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $245.4M | $209.6M |
| Net Profit | $68.6M | $2.3M |
| Gross Margin | — | 33.3% |
| Operating Margin | 27.3% | 7.3% |
| Net Margin | 27.9% | 1.1% |
| Revenue YoY | 0.9% | 4.9% |
| Net Profit YoY | 1243.4% | 866.7% |
| EPS (diluted) | $0.80 | $0.05 |
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.
| Q1 26 | — | $209.6M | ||
| Q4 25 | $245.4M | $228.9M | ||
| Q3 25 | $262.8M | $203.0M | ||
| Q2 25 | $271.4M | $212.9M | ||
| Q1 25 | $253.4M | $199.8M | ||
| Q4 24 | $243.3M | — | ||
| Q3 24 | $266.3M | $205.7M | ||
| Q2 24 | $285.8M | $209.1M |
| Q1 26 | — | $2.3M | ||
| Q4 25 | $68.6M | $12.2M | ||
| Q3 25 | $-24.7M | $-89.1M | ||
| Q2 25 | $-22.7M | $6.9M | ||
| Q1 25 | $-6.0M | $-300.0K | ||
| Q4 24 | $-6.0M | — | ||
| Q3 24 | $-27.2M | $-51.1M | ||
| Q2 24 | $-1.7M | $1.4M |
| Q1 26 | — | 33.3% | ||
| Q4 25 | — | 34.0% | ||
| Q3 25 | — | 33.3% | ||
| Q2 25 | — | 36.0% | ||
| Q1 25 | — | 34.3% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 32.6% | ||
| Q2 24 | — | 32.0% |
| Q1 26 | — | 7.3% | ||
| Q4 25 | 27.3% | 8.6% | ||
| Q3 25 | -4.1% | -39.8% | ||
| Q2 25 | -2.0% | 10.4% | ||
| Q1 25 | -2.1% | 5.6% | ||
| Q4 24 | -6.7% | — | ||
| Q3 24 | -2.8% | 5.3% | ||
| Q2 24 | -1.3% | 4.4% |
| Q1 26 | — | 1.1% | ||
| Q4 25 | 27.9% | 5.3% | ||
| Q3 25 | -9.4% | -43.9% | ||
| Q2 25 | -8.4% | 3.2% | ||
| Q1 25 | -2.4% | -0.2% | ||
| Q4 24 | -2.5% | — | ||
| Q3 24 | -10.2% | -24.8% | ||
| Q2 24 | -0.6% | 0.7% |
| Q1 26 | — | $0.05 | ||
| Q4 25 | $0.80 | $0.29 | ||
| Q3 25 | $-0.29 | $-2.15 | ||
| Q2 25 | $-0.27 | $0.17 | ||
| Q1 25 | $-0.07 | $-0.01 | ||
| Q4 24 | $-0.06 | — | ||
| Q3 24 | $-0.33 | $-1.25 | ||
| Q2 24 | $-0.02 | $0.03 |
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 | $125.6M |
| Total DebtLower is stronger | — | $367.6M |
| Stockholders' EquityBook value | $183.9M | $476.9M |
| Total Assets | $444.4M | $1.1B |
| Debt / EquityLower = less leverage | — | 0.77× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $125.6M | ||
| Q4 25 | $115.5M | $155.1M | ||
| Q3 25 | $143.0M | $152.6M | ||
| Q2 25 | $136.3M | $223.0M | ||
| Q1 25 | $136.8M | $212.6M | ||
| Q4 24 | $145.5M | — | ||
| Q3 24 | $151.4M | $200.5M | ||
| Q2 24 | $92.9M | $190.0M |
| Q1 26 | — | $367.6M | ||
| Q4 25 | — | $367.5M | ||
| Q3 25 | — | $367.5M | ||
| Q2 25 | — | $567.2M | ||
| Q1 25 | — | $567.0M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $443.4M | ||
| Q2 24 | — | $443.1M |
| Q1 26 | — | $476.9M | ||
| Q4 25 | $183.9M | $472.6M | ||
| Q3 25 | $115.1M | $455.3M | ||
| Q2 25 | $137.6M | $549.7M | ||
| Q1 25 | $158.2M | $540.2M | ||
| Q4 24 | $162.2M | — | ||
| Q3 24 | $173.6M | $529.1M | ||
| Q2 24 | $196.9M | $581.2M |
| Q1 26 | — | $1.1B | ||
| Q4 25 | $444.4M | $1.1B | ||
| Q3 25 | $480.6M | $1.1B | ||
| Q2 25 | $489.0M | $1.4B | ||
| Q1 25 | $493.9M | $1.3B | ||
| Q4 24 | $493.9M | — | ||
| Q3 24 | $502.7M | $1.2B | ||
| Q2 24 | $463.9M | $1.3B |
| Q1 26 | — | 0.77× | ||
| Q4 25 | — | 0.78× | ||
| Q3 25 | — | 0.81× | ||
| Q2 25 | — | 1.03× | ||
| Q1 25 | — | 1.05× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.84× | ||
| Q2 24 | — | 0.76× |
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 | $-16.1M |
| Free Cash FlowOCF − Capex | $-14.7M | $-26.8M |
| FCF MarginFCF / Revenue | -6.0% | -12.8% |
| Capex IntensityCapex / Revenue | 0.1% | 5.1% |
| Cash ConversionOCF / Net Profit | -0.21× | -7.00× |
| TTM Free Cash FlowTrailing 4 quarters | $-17.2M | $-13.3M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $-16.1M | ||
| Q4 25 | $-14.4M | $7.9M | ||
| Q3 25 | $5.5M | $7.7M | ||
| Q2 25 | $642.0K | $16.6M | ||
| Q1 25 | $-5.6M | $9.5M | ||
| Q4 24 | $-9.0M | — | ||
| Q3 24 | $9.0M | $25.9M | ||
| Q2 24 | $1.3M | $8.0M |
| Q1 26 | — | $-26.8M | ||
| Q4 25 | $-14.7M | $2.3M | ||
| Q3 25 | $4.7M | $1.4M | ||
| Q2 25 | $-575.0K | $9.8M | ||
| Q1 25 | $-6.7M | $5.3M | ||
| Q4 24 | $-10.2M | — | ||
| Q3 24 | $7.7M | $19.9M | ||
| Q2 24 | $432.0K | $3.3M |
| Q1 26 | — | -12.8% | ||
| Q4 25 | -6.0% | 1.0% | ||
| Q3 25 | 1.8% | 0.7% | ||
| Q2 25 | -0.2% | 4.6% | ||
| Q1 25 | -2.6% | 2.7% | ||
| Q4 24 | -4.2% | — | ||
| Q3 24 | 2.9% | 9.7% | ||
| Q2 24 | 0.2% | 1.6% |
| Q1 26 | — | 5.1% | ||
| Q4 25 | 0.1% | 2.4% | ||
| Q3 25 | 0.3% | 3.1% | ||
| Q2 25 | 0.4% | 3.2% | ||
| Q1 25 | 0.4% | 2.1% | ||
| Q4 24 | 0.5% | — | ||
| Q3 24 | 0.5% | 2.9% | ||
| Q2 24 | 0.3% | 2.2% |
| Q1 26 | — | -7.00× | ||
| Q4 25 | -0.21× | 0.65× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 2.41× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 5.71× |
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% |
VREX
| Medical Segment | $144.8M | 69% |
| Industrial Segment | $64.8M | 31% |
