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

FLEXSTEEL INDUSTRIES INC is the larger business by last-quarter revenue ($115.1M vs $71.1M, roughly 1.6× RE/MAX Holdings, Inc.). FLEXSTEEL INDUSTRIES INC runs the higher net margin — 17.7% vs 2.0%, a 15.7% gap on every dollar of revenue. On growth, FLEXSTEEL INDUSTRIES INC posted the faster year-over-year revenue change (1.0% vs -1.8%). Over the past eight quarters, FLEXSTEEL INDUSTRIES INC's revenue compounded faster (1.9% CAGR vs -4.7%).

Flexsteel Industries Inc is a leading U.S.-headquartered furniture manufacturer that designs, produces and distributes a wide portfolio of upholstered residential, commercial, and hospitality furniture. It primarily operates across North American markets, serving end consumers, retail partners and corporate clients through its extensive distribution network.

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.

FLXS vs RMAX — Head-to-Head

Bigger by revenue
FLXS
FLXS
1.6× larger
FLXS
$115.1M
$71.1M
RMAX
Growing faster (revenue YoY)
FLXS
FLXS
+2.8% gap
FLXS
1.0%
-1.8%
RMAX
Higher net margin
FLXS
FLXS
15.7% more per $
FLXS
17.7%
2.0%
RMAX
Faster 2-yr revenue CAGR
FLXS
FLXS
Annualised
FLXS
1.9%
-4.7%
RMAX

Income Statement — Q1 FY2027 vs Q4 FY2025

Metric
FLXS
FLXS
RMAX
RMAX
Revenue
$115.1M
$71.1M
Net Profit
$20.4M
$1.4M
Gross Margin
22.6%
Operating Margin
13.1%
Net Margin
17.7%
2.0%
Revenue YoY
1.0%
-1.8%
Net Profit YoY
116.0%
-75.2%
EPS (diluted)
$1.14

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
FLXS
FLXS
RMAX
RMAX
Q3 26
$115.1M
Q4 25
$118.2M
$71.1M
Q3 25
$110.4M
$73.2M
Q2 25
$114.6M
$72.8M
Q1 25
$114.0M
$74.5M
Q4 24
$108.5M
$72.5M
Q3 24
$104.0M
$78.5M
Q2 24
$110.8M
$78.5M
Net Profit
FLXS
FLXS
RMAX
RMAX
Q3 26
$20.4M
Q4 25
$6.6M
$1.4M
Q3 25
$7.3M
$4.0M
Q2 25
$10.7M
$4.7M
Q1 25
$-3.7M
$-2.0M
Q4 24
$9.1M
$5.8M
Q3 24
$4.1M
$966.0K
Q2 24
$4.9M
$3.7M
Gross Margin
FLXS
FLXS
RMAX
RMAX
Q3 26
22.6%
Q4 25
22.7%
Q3 25
23.5%
Q2 25
23.9%
Q1 25
22.2%
Q4 24
21.0%
Q3 24
21.5%
Q2 24
21.3%
Operating Margin
FLXS
FLXS
RMAX
RMAX
Q3 26
Q4 25
7.6%
13.1%
Q3 25
8.1%
25.0%
Q2 25
12.2%
19.3%
Q1 25
-4.4%
7.2%
Q4 24
10.7%
5.9%
Q3 24
5.8%
19.4%
Q2 24
6.9%
20.6%
Net Margin
FLXS
FLXS
RMAX
RMAX
Q3 26
17.7%
Q4 25
5.6%
2.0%
Q3 25
6.6%
5.4%
Q2 25
9.3%
6.4%
Q1 25
-3.3%
-2.6%
Q4 24
8.3%
8.0%
Q3 24
4.0%
1.2%
Q2 24
4.4%
4.7%
EPS (diluted)
FLXS
FLXS
RMAX
RMAX
Q3 26
$1.14
Q4 25
$1.18
Q3 25
$1.31
Q2 25
$1.90
Q1 25
$-0.71
Q4 24
$1.62
Q3 24
$0.74
Q2 24
$0.87

Balance Sheet & Financial Strength

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

Metric
FLXS
FLXS
RMAX
RMAX
Cash + ST InvestmentsLiquidity on hand
$57.3M
$118.7M
Total DebtLower is stronger
$432.2M
Stockholders' EquityBook value
$185.3M
$452.4M
Total Assets
$290.2M
$582.5M
Debt / EquityLower = less leverage
0.96×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FLXS
FLXS
RMAX
RMAX
Q3 26
$57.3M
Q4 25
$36.8M
$118.7M
Q3 25
$38.6M
$107.5M
Q2 25
$40.0M
$94.3M
Q1 25
$22.6M
$89.1M
Q4 24
$11.8M
$96.6M
Q3 24
$5.7M
$83.8M
Q2 24
$4.8M
$66.1M
Total Debt
FLXS
FLXS
RMAX
RMAX
Q3 26
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
Stockholders' Equity
FLXS
FLXS
RMAX
RMAX
Q3 26
$185.3M
Q4 25
$178.9M
$452.4M
Q3 25
$172.2M
$448.1M
Q2 25
$167.9M
$442.4M
Q1 25
$158.1M
$433.5M
Q4 24
$161.9M
$429.5M
Q3 24
$154.7M
$423.1M
Q2 24
$150.4M
$418.4M
Total Assets
FLXS
FLXS
RMAX
RMAX
Q3 26
$290.2M
Q4 25
$290.2M
$582.5M
Q3 25
$281.5M
$582.2M
Q2 25
$282.5M
$574.8M
Q1 25
$266.1M
$571.4M
Q4 24
$271.5M
$581.6M
Q3 24
$268.7M
$578.6M
Q2 24
$274.5M
$571.4M
Debt / Equity
FLXS
FLXS
RMAX
RMAX
Q3 26
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×

Cash Flow & Capital Efficiency

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

Metric
FLXS
FLXS
RMAX
RMAX
Operating Cash FlowLast quarter
$27.2M
$40.9M
Free Cash FlowOCF − Capex
$33.5M
FCF MarginFCF / Revenue
47.1%
Capex IntensityCapex / Revenue
10.4%
Cash ConversionOCF / Net Profit
1.33×
28.39×
TTM Free Cash FlowTrailing 4 quarters
$56.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FLXS
FLXS
RMAX
RMAX
Q3 26
$27.2M
Q4 25
$1.0M
$40.9M
Q3 25
$4.1M
$17.7M
Q2 25
$15.6M
$4.6M
Q1 25
$12.3M
$5.7M
Q4 24
$6.7M
$59.7M
Q3 24
$2.4M
$17.6M
Q2 24
$7.5M
$15.9M
Free Cash Flow
FLXS
FLXS
RMAX
RMAX
Q3 26
Q4 25
$-735.0K
$33.5M
Q3 25
$2.8M
$16.4M
Q2 25
$15.1M
$2.9M
Q1 25
$10.9M
$4.0M
Q4 24
$5.8M
$53.0M
Q3 24
$2.0M
$16.3M
Q2 24
$7.1M
$14.0M
FCF Margin
FLXS
FLXS
RMAX
RMAX
Q3 26
Q4 25
-0.6%
47.1%
Q3 25
2.5%
22.4%
Q2 25
13.1%
4.0%
Q1 25
9.6%
5.3%
Q4 24
5.3%
73.2%
Q3 24
1.9%
20.8%
Q2 24
6.4%
17.8%
Capex Intensity
FLXS
FLXS
RMAX
RMAX
Q3 26
Q4 25
1.5%
10.4%
Q3 25
1.2%
1.8%
Q2 25
0.5%
2.2%
Q1 25
1.2%
2.3%
Q4 24
0.8%
9.1%
Q3 24
0.4%
1.7%
Q2 24
0.4%
2.4%
Cash Conversion
FLXS
FLXS
RMAX
RMAX
Q3 26
1.33×
Q4 25
0.15×
28.39×
Q3 25
0.56×
4.45×
Q2 25
1.46×
0.97×
Q1 25
Q4 24
0.74×
10.28×
Q3 24
0.58×
18.22×
Q2 24
1.53×
4.29×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FLXS
FLXS

Segment breakdown not available.

RMAX
RMAX

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

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