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Side-by-side financial comparison of Primis Financial Corp. (FRST) 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 $45.6M, roughly 1.6× Primis Financial Corp.). Primis Financial Corp. runs the higher net margin — 16.0% vs 2.0%, a 14.0% gap on every dollar of revenue. Over the past eight quarters, Primis Financial Corp.'s revenue compounded faster (13.0% CAGR vs -4.7%).

Primis Financial Corp is a U.S.-based financial holding company operating full-service banking subsidiaries. It provides a comprehensive range of financial solutions including personal and commercial deposit products, diverse loan facilities, mortgage services, and wealth management support, primarily serving retail and corporate customers across the U.S. mid-Atlantic region.

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.

FRST vs RMAX — Head-to-Head

Bigger by revenue
RMAX
RMAX
1.6× larger
RMAX
$71.1M
$45.6M
FRST
Higher net margin
FRST
FRST
14.0% more per $
FRST
16.0%
2.0%
RMAX
Faster 2-yr revenue CAGR
FRST
FRST
Annualised
FRST
13.0%
-4.7%
RMAX

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
FRST
FRST
RMAX
RMAX
Revenue
$45.6M
$71.1M
Net Profit
$7.3M
$1.4M
Gross Margin
Operating Margin
13.1%
Net Margin
16.0%
2.0%
Revenue YoY
-1.8%
Net Profit YoY
200.0%
-75.2%
EPS (diluted)
$0.30

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
FRST
FRST
RMAX
RMAX
Q1 26
$45.6M
Q4 25
$80.9M
$71.1M
Q3 25
$41.0M
$73.2M
Q2 25
$43.2M
$72.8M
Q1 25
$58.7M
$74.5M
Q4 24
$38.8M
$72.5M
Q3 24
$37.3M
$78.5M
Q2 24
$35.7M
$78.5M
Net Profit
FRST
FRST
RMAX
RMAX
Q1 26
$7.3M
Q4 25
$29.5M
$1.4M
Q3 25
$6.8M
$4.0M
Q2 25
$2.4M
$4.7M
Q1 25
$22.6M
$-2.0M
Q4 24
$-26.2M
$5.8M
Q3 24
$1.2M
$966.0K
Q2 24
$3.4M
$3.7M
Operating Margin
FRST
FRST
RMAX
RMAX
Q1 26
Q4 25
44.8%
13.1%
Q3 25
21.3%
25.0%
Q2 25
6.9%
19.3%
Q1 25
41.9%
7.2%
Q4 24
-123.0%
5.9%
Q3 24
-3.1%
19.4%
Q2 24
7.8%
20.6%
Net Margin
FRST
FRST
RMAX
RMAX
Q1 26
16.0%
Q4 25
36.5%
2.0%
Q3 25
16.7%
5.4%
Q2 25
5.6%
6.4%
Q1 25
38.6%
-2.6%
Q4 24
-100.3%
8.0%
Q3 24
3.3%
1.2%
Q2 24
9.6%
4.7%
EPS (diluted)
FRST
FRST
RMAX
RMAX
Q1 26
$0.30
Q4 25
$1.19
Q3 25
$0.28
Q2 25
$0.10
Q1 25
$0.92
Q4 24
$-0.95
Q3 24
$0.05
Q2 24
$0.14

Balance Sheet & Financial Strength

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

Metric
FRST
FRST
RMAX
RMAX
Cash + ST InvestmentsLiquidity on hand
$159.9M
$118.7M
Total DebtLower is stronger
$432.2M
Stockholders' EquityBook value
$427.2M
$452.4M
Total Assets
$4.3B
$582.5M
Debt / EquityLower = less leverage
0.96×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FRST
FRST
RMAX
RMAX
Q1 26
$159.9M
Q4 25
$143.6M
$118.7M
Q3 25
$63.9M
$107.5M
Q2 25
$94.1M
$94.3M
Q1 25
$57.0M
$89.1M
Q4 24
$64.5M
$96.6M
Q3 24
$77.3M
$83.8M
Q2 24
$66.6M
$66.1M
Total Debt
FRST
FRST
RMAX
RMAX
Q1 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
FRST
FRST
RMAX
RMAX
Q1 26
$427.2M
Q4 25
$422.9M
$452.4M
Q3 25
$382.2M
$448.1M
Q2 25
$376.4M
$442.4M
Q1 25
$375.6M
$433.5M
Q4 24
$351.8M
$429.5M
Q3 24
$381.0M
$423.1M
Q2 24
$376.0M
$418.4M
Total Assets
FRST
FRST
RMAX
RMAX
Q1 26
$4.3B
Q4 25
$4.0B
$582.5M
Q3 25
$4.0B
$582.2M
Q2 25
$3.9B
$574.8M
Q1 25
$3.7B
$571.4M
Q4 24
$3.7B
$581.6M
Q3 24
$4.0B
$578.6M
Q2 24
$4.0B
$571.4M
Debt / Equity
FRST
FRST
RMAX
RMAX
Q1 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
FRST
FRST
RMAX
RMAX
Operating Cash FlowLast quarter
$40.9M
Free Cash FlowOCF − Capex
$33.5M
FCF MarginFCF / Revenue
47.1%
Capex IntensityCapex / Revenue
10.4%
Cash ConversionOCF / Net Profit
28.39×
TTM Free Cash FlowTrailing 4 quarters
$56.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FRST
FRST
RMAX
RMAX
Q1 26
Q4 25
$10.8M
$40.9M
Q3 25
$-11.4M
$17.7M
Q2 25
$-41.0M
$4.6M
Q1 25
$34.4M
$5.7M
Q4 24
$19.5M
$59.7M
Q3 24
$6.1M
$17.6M
Q2 24
$52.3M
$15.9M
Free Cash Flow
FRST
FRST
RMAX
RMAX
Q1 26
Q4 25
$9.0M
$33.5M
Q3 25
$16.4M
Q2 25
$2.9M
Q1 25
$4.0M
Q4 24
$18.3M
$53.0M
Q3 24
$16.3M
Q2 24
$14.0M
FCF Margin
FRST
FRST
RMAX
RMAX
Q1 26
Q4 25
11.2%
47.1%
Q3 25
22.4%
Q2 25
4.0%
Q1 25
5.3%
Q4 24
47.3%
73.2%
Q3 24
20.8%
Q2 24
17.8%
Capex Intensity
FRST
FRST
RMAX
RMAX
Q1 26
Q4 25
2.1%
10.4%
Q3 25
1.8%
Q2 25
2.2%
Q1 25
2.3%
Q4 24
3.1%
9.1%
Q3 24
0.0%
1.7%
Q2 24
0.0%
2.4%
Cash Conversion
FRST
FRST
RMAX
RMAX
Q1 26
Q4 25
0.36×
28.39×
Q3 25
-1.67×
4.45×
Q2 25
-16.82×
0.97×
Q1 25
1.52×
Q4 24
10.28×
Q3 24
4.93×
18.22×
Q2 24
15.21×
4.29×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FRST
FRST

Net Interest Income$32.1M70%
Noninterest Income$13.6M30%

RMAX
RMAX

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

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