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

RE/MAX Holdings, Inc. is the larger business by last-quarter revenue ($71.1M vs $48.4M, roughly 1.5× First Foundation Inc.). RE/MAX Holdings, Inc. runs the higher net margin — 2.0% vs -97.9%, a 99.9% gap on every dollar of revenue. On growth, First Foundation Inc. posted the faster year-over-year revenue change (421.7% vs -1.8%). RE/MAX Holdings, Inc. produced more free cash flow last quarter ($33.5M vs $-35.2M). Over the past eight quarters, First Foundation Inc.'s revenue compounded faster (-2.7% CAGR vs -4.7%).

John B. Lacson Colleges Foundation (Bacolod), Inc. is a private maritime college in Bacolod, Negros Occidental, Philippines.

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.

FFWM vs RMAX — Head-to-Head

Bigger by revenue
RMAX
RMAX
1.5× larger
RMAX
$71.1M
$48.4M
FFWM
Growing faster (revenue YoY)
FFWM
FFWM
+423.5% gap
FFWM
421.7%
-1.8%
RMAX
Higher net margin
RMAX
RMAX
99.9% more per $
RMAX
2.0%
-97.9%
FFWM
More free cash flow
RMAX
RMAX
$68.7M more FCF
RMAX
$33.5M
$-35.2M
FFWM
Faster 2-yr revenue CAGR
FFWM
FFWM
Annualised
FFWM
-2.7%
-4.7%
RMAX

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FFWM
FFWM
RMAX
RMAX
Revenue
$48.4M
$71.1M
Net Profit
$-8.0M
$1.4M
Gross Margin
Operating Margin
-97.5%
13.1%
Net Margin
-97.9%
2.0%
Revenue YoY
421.7%
-1.8%
Net Profit YoY
43.0%
-75.2%
EPS (diluted)
$-0.09

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
FFWM
FFWM
RMAX
RMAX
Q4 25
$48.4M
$71.1M
Q3 25
$63.6M
$73.2M
Q2 25
$51.4M
$72.8M
Q1 25
$71.4M
$74.5M
Q4 24
$9.3M
$72.5M
Q3 24
$9.2M
$78.5M
Q2 24
$57.5M
$78.5M
Q1 24
$51.1M
$78.3M
Net Profit
FFWM
FFWM
RMAX
RMAX
Q4 25
$-8.0M
$1.4M
Q3 25
$-146.3M
$4.0M
Q2 25
$-7.7M
$4.7M
Q1 25
$6.9M
$-2.0M
Q4 24
$-14.1M
$5.8M
Q3 24
$-82.2M
$966.0K
Q2 24
$3.1M
$3.7M
Q1 24
$793.0K
$-3.4M
Operating Margin
FFWM
FFWM
RMAX
RMAX
Q4 25
-97.5%
13.1%
Q3 25
-92.7%
25.0%
Q2 25
-21.1%
19.3%
Q1 25
8.8%
7.2%
Q4 24
-247.7%
5.9%
Q3 24
-1276.7%
19.4%
Q2 24
4.6%
20.6%
Q1 24
-0.2%
5.8%
Net Margin
FFWM
FFWM
RMAX
RMAX
Q4 25
-97.9%
2.0%
Q3 25
-230.1%
5.4%
Q2 25
-15.0%
6.4%
Q1 25
9.7%
-2.6%
Q4 24
-152.2%
8.0%
Q3 24
-896.9%
1.2%
Q2 24
5.4%
4.7%
Q1 24
1.6%
-4.3%
EPS (diluted)
FFWM
FFWM
RMAX
RMAX
Q4 25
$-0.09
Q3 25
$-1.78
Q2 25
$-0.09
Q1 25
$0.08
Q4 24
$-0.24
Q3 24
$-1.23
Q2 24
$0.05
Q1 24
$0.01

Balance Sheet & Financial Strength

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

Metric
FFWM
FFWM
RMAX
RMAX
Cash + ST InvestmentsLiquidity on hand
$1.6B
$118.7M
Total DebtLower is stronger
$432.2M
Stockholders' EquityBook value
$912.6M
$452.4M
Total Assets
$11.9B
$582.5M
Debt / EquityLower = less leverage
0.96×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FFWM
FFWM
RMAX
RMAX
Q4 25
$1.6B
$118.7M
Q3 25
$1.7B
$107.5M
Q2 25
$1.1B
$94.3M
Q1 25
$1.0B
$89.1M
Q4 24
$1.0B
$96.6M
Q3 24
$1.1B
$83.8M
Q2 24
$1.4B
$66.1M
Q1 24
$1.6B
$82.1M
Total Debt
FFWM
FFWM
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
FFWM
FFWM
RMAX
RMAX
Q4 25
$912.6M
$452.4M
Q3 25
$917.9M
$448.1M
Q2 25
$1.1B
$442.4M
Q1 25
$1.1B
$433.5M
Q4 24
$1.1B
$429.5M
Q3 24
$1.1B
$423.1M
Q2 24
$933.2M
$418.4M
Q1 24
$928.7M
$412.0M
Total Assets
FFWM
FFWM
RMAX
RMAX
Q4 25
$11.9B
$582.5M
Q3 25
$11.9B
$582.2M
Q2 25
$11.6B
$574.8M
Q1 25
$12.6B
$571.4M
Q4 24
$12.6B
$581.6M
Q3 24
$13.4B
$578.6M
Q2 24
$13.7B
$571.4M
Q1 24
$13.6B
$566.7M
Debt / Equity
FFWM
FFWM
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
FFWM
FFWM
RMAX
RMAX
Operating Cash FlowLast quarter
$-31.9M
$40.9M
Free Cash FlowOCF − Capex
$-35.2M
$33.5M
FCF MarginFCF / Revenue
-72.8%
47.1%
Capex IntensityCapex / Revenue
6.9%
10.4%
Cash ConversionOCF / Net Profit
28.39×
TTM Free Cash FlowTrailing 4 quarters
$-45.9M
$56.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FFWM
FFWM
RMAX
RMAX
Q4 25
$-31.9M
$40.9M
Q3 25
$9.2M
$17.7M
Q2 25
$-16.3M
$4.6M
Q1 25
$-552.0K
$5.7M
Q4 24
$-8.7M
$59.7M
Q3 24
$14.2M
$17.6M
Q2 24
$-9.1M
$15.9M
Q1 24
$7.2M
$9.4M
Free Cash Flow
FFWM
FFWM
RMAX
RMAX
Q4 25
$-35.2M
$33.5M
Q3 25
$8.6M
$16.4M
Q2 25
$-16.7M
$2.9M
Q1 25
$-2.5M
$4.0M
Q4 24
$-11.4M
$53.0M
Q3 24
$13.4M
$16.3M
Q2 24
$-9.4M
$14.0M
Q1 24
$5.9M
$6.8M
FCF Margin
FFWM
FFWM
RMAX
RMAX
Q4 25
-72.8%
47.1%
Q3 25
13.5%
22.4%
Q2 25
-32.4%
4.0%
Q1 25
-3.5%
5.3%
Q4 24
-123.5%
73.2%
Q3 24
146.2%
20.8%
Q2 24
-16.3%
17.8%
Q1 24
11.6%
8.6%
Capex Intensity
FFWM
FFWM
RMAX
RMAX
Q4 25
6.9%
10.4%
Q3 25
1.0%
1.8%
Q2 25
0.8%
2.2%
Q1 25
2.8%
2.3%
Q4 24
29.4%
9.1%
Q3 24
9.0%
1.7%
Q2 24
0.4%
2.4%
Q1 24
2.5%
3.3%
Cash Conversion
FFWM
FFWM
RMAX
RMAX
Q4 25
28.39×
Q3 25
4.45×
Q2 25
0.97×
Q1 25
-0.08×
Q4 24
10.28×
Q3 24
18.22×
Q2 24
-2.96×
4.29×
Q1 24
9.09×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FFWM
FFWM

Segment breakdown not available.

RMAX
RMAX

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

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