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Side-by-side financial comparison of FIRST INTERSTATE BANCSYSTEM INC (FIBK) and Real Brokerage Inc (REAX). Click either name above to swap in a different company.

Real Brokerage Inc is the larger business by last-quarter revenue ($568.5M vs $313.0M, roughly 1.8× FIRST INTERSTATE BANCSYSTEM INC). FIRST INTERSTATE BANCSYSTEM INC runs the higher net margin — 34.8% vs -0.1%, a 34.8% gap on every dollar of revenue. On growth, Real Brokerage Inc posted the faster year-over-year revenue change (52.6% vs 19.8%).

First Interstate BancSystem, Inc. is a financial holding company headquartered in Billings, Montana. It is the parent company of First Interstate Bank, a community bank with locations throughout 14 states within the Western and Midwestern United States. It is the largest bank based in Montana, as measured by total assets.

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.

FIBK vs REAX — Head-to-Head

Bigger by revenue
REAX
REAX
1.8× larger
REAX
$568.5M
$313.0M
FIBK
Growing faster (revenue YoY)
REAX
REAX
+32.8% gap
REAX
52.6%
19.8%
FIBK
Higher net margin
FIBK
FIBK
34.8% more per $
FIBK
34.8%
-0.1%
REAX

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
FIBK
FIBK
REAX
REAX
Revenue
$313.0M
$568.5M
Net Profit
$108.8M
$-447.0K
Gross Margin
7.9%
Operating Margin
44.5%
-0.1%
Net Margin
34.8%
-0.1%
Revenue YoY
19.8%
52.6%
Net Profit YoY
108.8%
82.7%
EPS (diluted)
$1.07
$0.00

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
FIBK
FIBK
REAX
REAX
Q4 25
$313.0M
Q3 25
$250.5M
$568.5M
Q2 25
$248.3M
$540.7M
Q1 25
$247.0M
$354.0M
Q4 24
$261.3M
Q3 24
$251.9M
$372.5M
Q2 24
$244.3M
Q1 24
$242.2M
$200.7M
Net Profit
FIBK
FIBK
REAX
REAX
Q4 25
$108.8M
Q3 25
$71.4M
$-447.0K
Q2 25
$71.7M
$1.5M
Q1 25
$50.2M
$-5.0M
Q4 24
$52.1M
Q3 24
$55.5M
$-2.6M
Q2 24
$60.0M
Q1 24
$58.4M
$-16.1M
Gross Margin
FIBK
FIBK
REAX
REAX
Q4 25
Q3 25
7.9%
Q2 25
8.9%
Q1 25
9.6%
Q4 24
Q3 24
8.6%
Q2 24
Q1 24
10.3%
Operating Margin
FIBK
FIBK
REAX
REAX
Q4 25
44.5%
Q3 25
37.0%
-0.1%
Q2 25
37.7%
0.3%
Q1 25
26.9%
-1.5%
Q4 24
25.5%
Q3 24
28.9%
-0.7%
Q2 24
32.1%
Q1 24
31.7%
-7.8%
Net Margin
FIBK
FIBK
REAX
REAX
Q4 25
34.8%
Q3 25
28.5%
-0.1%
Q2 25
28.9%
0.3%
Q1 25
20.3%
-1.4%
Q4 24
19.9%
Q3 24
22.0%
-0.7%
Q2 24
24.6%
Q1 24
24.1%
-8.0%
EPS (diluted)
FIBK
FIBK
REAX
REAX
Q4 25
$1.07
Q3 25
$0.69
$0.00
Q2 25
$0.69
$0.01
Q1 25
$0.49
$-0.02
Q4 24
$0.50
Q3 24
$0.54
$-0.01
Q2 24
$0.58
Q1 24
$0.57
$-0.09

Balance Sheet & Financial Strength

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

Metric
FIBK
FIBK
REAX
REAX
Cash + ST InvestmentsLiquidity on hand
$38.7M
Total DebtLower is stronger
$146.3M
Stockholders' EquityBook value
$3.4B
$53.6M
Total Assets
$26.6B
$145.2M
Debt / EquityLower = less leverage
0.04×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FIBK
FIBK
REAX
REAX
Q4 25
Q3 25
$38.7M
Q2 25
$49.7M
Q1 25
$24.7M
Q4 24
Q3 24
$22.6M
Q2 24
Q1 24
$20.1M
Total Debt
FIBK
FIBK
REAX
REAX
Q4 25
$146.3M
Q3 25
$146.2M
Q2 25
$252.0M
Q1 25
Q4 24
$132.2M
Q3 24
$137.3M
Q2 24
$383.4M
Q1 24
$370.8M
Stockholders' Equity
FIBK
FIBK
REAX
REAX
Q4 25
$3.4B
Q3 25
$3.4B
$53.6M
Q2 25
$3.4B
$49.2M
Q1 25
$3.4B
$32.8M
Q4 24
$3.3B
Q3 24
$3.4B
$29.8M
Q2 24
$3.2B
Q1 24
$3.2B
$25.6M
Total Assets
FIBK
FIBK
REAX
REAX
Q4 25
$26.6B
Q3 25
$27.3B
$145.2M
Q2 25
$27.6B
$149.4M
Q1 25
$28.3B
$100.5M
Q4 24
$29.1B
Q3 24
$29.6B
$102.5M
Q2 24
$30.3B
Q1 24
$30.1B
Debt / Equity
FIBK
FIBK
REAX
REAX
Q4 25
0.04×
Q3 25
0.04×
Q2 25
0.07×
Q1 25
Q4 24
0.04×
Q3 24
0.04×
Q2 24
0.12×
Q1 24
0.12×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
FIBK
FIBK
REAX
REAX
Operating Cash FlowLast quarter
$305.6M
$8.8M
Free Cash FlowOCF − Capex
$8.4M
FCF MarginFCF / Revenue
1.5%
Capex IntensityCapex / Revenue
0.1%
Cash ConversionOCF / Net Profit
2.81×
TTM Free Cash FlowTrailing 4 quarters
$71.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FIBK
FIBK
REAX
REAX
Q4 25
$305.6M
Q3 25
$91.7M
$8.8M
Q2 25
$68.1M
$41.0M
Q1 25
$78.5M
$15.9M
Q4 24
$355.0M
Q3 24
$89.9M
$7.2M
Q2 24
$82.3M
Q1 24
$87.6M
$21.5M
Free Cash Flow
FIBK
FIBK
REAX
REAX
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
FCF Margin
FIBK
FIBK
REAX
REAX
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%
Capex Intensity
FIBK
FIBK
REAX
REAX
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%
Cash Conversion
FIBK
FIBK
REAX
REAX
Q4 25
2.81×
Q3 25
1.28×
Q2 25
0.95×
27.13×
Q1 25
1.56×
Q4 24
6.81×
Q3 24
1.62×
Q2 24
1.37×
Q1 24
1.50×

Financial Flow Comparison

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

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