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Side-by-side financial comparison of FIRST BANCORP (FBNC) and RE/MAX Holdings, Inc. (RMAX). Click either name above to swap in a different company.
FIRST BANCORP is the larger business by last-quarter revenue ($89.6M vs $71.1M, roughly 1.3× RE/MAX Holdings, Inc.). FIRST BANCORP runs the higher net margin — 22.7% vs 2.0%, a 20.7% gap on every dollar of revenue. On growth, RE/MAX Holdings, Inc. posted the faster year-over-year revenue change (-1.8% vs -7.3%). FIRST BANCORP produced more free cash flow last quarter ($48.2M vs $33.5M).
First Bancorp is an American bank holding company headquartered in Southern Pines, North Carolina, that operates as First Bank in North Carolina and South Carolina.
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.
FBNC vs RMAX — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $89.6M | $71.1M |
| Net Profit | $20.4M | $1.4M |
| Gross Margin | — | — |
| Operating Margin | 29.0% | 13.1% |
| Net Margin | 22.7% | 2.0% |
| Revenue YoY | -7.3% | -1.8% |
| Net Profit YoY | 9.0% | -75.2% |
| EPS (diluted) | $0.49 | — |
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 | — | $71.1M | ||
| Q3 25 | $89.6M | $73.2M | ||
| Q2 25 | $111.0M | $72.8M | ||
| Q1 25 | $105.8M | $74.5M | ||
| Q4 24 | — | $72.5M | ||
| Q3 24 | $96.6M | $78.5M | ||
| Q2 24 | $95.7M | $78.5M | ||
| Q1 24 | $92.2M | $78.3M |
| Q4 25 | — | $1.4M | ||
| Q3 25 | $20.4M | $4.0M | ||
| Q2 25 | $38.6M | $4.7M | ||
| Q1 25 | $36.4M | $-2.0M | ||
| Q4 24 | — | $5.8M | ||
| Q3 24 | $18.7M | $966.0K | ||
| Q2 24 | $28.7M | $3.7M | ||
| Q1 24 | $25.3M | $-3.4M |
| Q4 25 | — | 13.1% | ||
| Q3 25 | 29.0% | 25.0% | ||
| Q2 25 | 44.9% | 19.3% | ||
| Q1 25 | 44.2% | 7.2% | ||
| Q4 24 | — | 5.9% | ||
| Q3 24 | 23.4% | 19.4% | ||
| Q2 24 | 38.5% | 20.6% | ||
| Q1 24 | 34.5% | 5.8% |
| Q4 25 | — | 2.0% | ||
| Q3 25 | 22.7% | 5.4% | ||
| Q2 25 | 34.7% | 6.4% | ||
| Q1 25 | 34.4% | -2.6% | ||
| Q4 24 | — | 8.0% | ||
| Q3 24 | 19.3% | 1.2% | ||
| Q2 24 | 30.0% | 4.7% | ||
| Q1 24 | 27.4% | -4.3% |
| Q4 25 | — | — | ||
| Q3 25 | $0.49 | — | ||
| Q2 25 | $0.93 | — | ||
| Q1 25 | $0.88 | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $0.45 | — | ||
| Q2 24 | $0.70 | — | ||
| Q1 24 | $0.61 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $118.7M |
| Total DebtLower is stronger | $92.4M | $432.2M |
| Stockholders' EquityBook value | $1.6B | $452.4M |
| Total Assets | $12.8B | $582.5M |
| Debt / EquityLower = less leverage | 0.06× | 0.96× |
8-quarter trend — quarters aligned by calendar period.
| 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 | — | $66.1M | ||
| Q1 24 | — | $82.1M |
| Q4 25 | — | $432.2M | ||
| Q3 25 | $92.4M | $433.3M | ||
| Q2 25 | $92.2M | $434.4M | ||
| Q1 25 | $92.1M | $435.3M | ||
| Q4 24 | — | $436.2M | ||
| Q3 24 | $91.7M | $437.2M | ||
| Q2 24 | $91.5M | $438.1M | ||
| Q1 24 | $332.3M | $439.0M |
| Q4 25 | — | $452.4M | ||
| Q3 25 | $1.6B | $448.1M | ||
| Q2 25 | $1.6B | $442.4M | ||
| Q1 25 | $1.5B | $433.5M | ||
| Q4 24 | — | $429.5M | ||
| Q3 24 | $1.5B | $423.1M | ||
| Q2 24 | $1.4B | $418.4M | ||
| Q1 24 | $1.4B | $412.0M |
| Q4 25 | — | $582.5M | ||
| Q3 25 | $12.8B | $582.2M | ||
| Q2 25 | $12.6B | $574.8M | ||
| Q1 25 | $12.4B | $571.4M | ||
| Q4 24 | — | $581.6M | ||
| Q3 24 | $12.2B | $578.6M | ||
| Q2 24 | $12.1B | $571.4M | ||
| Q1 24 | $12.1B | $566.7M |
| Q4 25 | — | 0.96× | ||
| Q3 25 | 0.06× | 0.97× | ||
| Q2 25 | 0.06× | 0.98× | ||
| Q1 25 | 0.06× | 1.00× | ||
| Q4 24 | — | 1.02× | ||
| Q3 24 | 0.06× | 1.03× | ||
| Q2 24 | 0.07× | 1.05× | ||
| Q1 24 | 0.24× | 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $49.7M | $40.9M |
| Free Cash FlowOCF − Capex | $48.2M | $33.5M |
| FCF MarginFCF / Revenue | 53.8% | 47.1% |
| Capex IntensityCapex / Revenue | 1.6% | 10.4% |
| Cash ConversionOCF / Net Profit | 2.44× | 28.39× |
| TTM Free Cash FlowTrailing 4 quarters | $182.9M | $56.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $40.9M | ||
| Q3 25 | $49.7M | $17.7M | ||
| Q2 25 | $45.7M | $4.6M | ||
| Q1 25 | $52.6M | $5.7M | ||
| Q4 24 | — | $59.7M | ||
| Q3 24 | $38.4M | $17.6M | ||
| Q2 24 | $87.7M | $15.9M | ||
| Q1 24 | $-20.1M | $9.4M |
| Q4 25 | — | $33.5M | ||
| Q3 25 | $48.2M | $16.4M | ||
| Q2 25 | $44.3M | $2.9M | ||
| Q1 25 | $52.4M | $4.0M | ||
| Q4 24 | — | $53.0M | ||
| Q3 24 | $38.0M | $16.3M | ||
| Q2 24 | $87.6M | $14.0M | ||
| Q1 24 | $-21.7M | $6.8M |
| Q4 25 | — | 47.1% | ||
| Q3 25 | 53.8% | 22.4% | ||
| Q2 25 | 39.9% | 4.0% | ||
| Q1 25 | 49.5% | 5.3% | ||
| Q4 24 | — | 73.2% | ||
| Q3 24 | 39.3% | 20.8% | ||
| Q2 24 | 91.6% | 17.8% | ||
| Q1 24 | -23.6% | 8.6% |
| Q4 25 | — | 10.4% | ||
| Q3 25 | 1.6% | 1.8% | ||
| Q2 25 | 1.2% | 2.2% | ||
| Q1 25 | 0.2% | 2.3% | ||
| Q4 24 | — | 9.1% | ||
| Q3 24 | 0.5% | 1.7% | ||
| Q2 24 | 0.1% | 2.4% | ||
| Q1 24 | 1.8% | 3.3% |
| Q4 25 | — | 28.39× | ||
| Q3 25 | 2.44× | 4.45× | ||
| Q2 25 | 1.19× | 0.97× | ||
| Q1 25 | 1.44× | — | ||
| Q4 24 | — | 10.28× | ||
| Q3 24 | 2.06× | 18.22× | ||
| Q2 24 | 3.06× | 4.29× | ||
| Q1 24 | -0.80× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FBNC
Segment breakdown not available.
RMAX
| Franchising Segment | $50.1M | 70% |
| Broker Fees | $13.9M | 20% |
| Annual Dues | $7.4M | 10% |
