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Side-by-side financial comparison of Fathom Holdings Inc. (FTHM) and REX AMERICAN RESOURCES Corp (REX). Click either name above to swap in a different company.

REX AMERICAN RESOURCES Corp is the larger business by last-quarter revenue ($175.6M vs $90.6M, roughly 1.9× Fathom Holdings Inc.). REX AMERICAN RESOURCES Corp runs the higher net margin — 15.6% vs -7.4%, a 23.0% gap on every dollar of revenue. On growth, REX AMERICAN RESOURCES Corp posted the faster year-over-year revenue change (0.4% vs -1.2%). REX AMERICAN RESOURCES Corp produced more free cash flow last quarter ($24.5M vs $-20.7M). Over the past eight quarters, Fathom Holdings Inc.'s revenue compounded faster (13.4% CAGR vs -3.2%).

Fathom Holdings Inc. is a US-based real estate technology and services enterprise. It provides end-to-end solutions for real estate agents, brokers, and consumers, including digital transaction management tools, mortgage services, title insurance, and residential property brokerage services, covering most regional markets across the United States.

REX American Resources Corp. is an American producer and retailer of ethanol, distillers grains and natural gas as well as a holding company in energy entities. It was founded in 1980 and is headquartered in Dayton, Ohio. The company has the entire ownership of three affiliated corporations including Rex Radio and Television, Inc., Stereo Town, Inc. and Kelly & Cohen Appliances, Inc. As of 2012, the company has the ownership of 22 national retail stores and invested in five ethanol production...

FTHM vs REX — Head-to-Head

Bigger by revenue
REX
REX
1.9× larger
REX
$175.6M
$90.6M
FTHM
Growing faster (revenue YoY)
REX
REX
+1.7% gap
REX
0.4%
-1.2%
FTHM
Higher net margin
REX
REX
23.0% more per $
REX
15.6%
-7.4%
FTHM
More free cash flow
REX
REX
$45.2M more FCF
REX
$24.5M
$-20.7M
FTHM
Faster 2-yr revenue CAGR
FTHM
FTHM
Annualised
FTHM
13.4%
-3.2%
REX

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
FTHM
FTHM
REX
REX
Revenue
$90.6M
$175.6M
Net Profit
$-6.7M
$27.5M
Gross Margin
20.6%
Operating Margin
-5.2%
20.2%
Net Margin
-7.4%
15.6%
Revenue YoY
-1.2%
0.4%
Net Profit YoY
-7.7%
-8.7%
EPS (diluted)
$-0.20
$0.71

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
FTHM
FTHM
REX
REX
Q4 25
$90.6M
$175.6M
Q3 25
$115.3M
$158.6M
Q2 25
$121.4M
$158.3M
Q1 25
$93.1M
$158.2M
Q4 24
$91.7M
$174.9M
Q3 24
$83.7M
$148.2M
Q2 24
$89.2M
$161.2M
Q1 24
$70.5M
$187.6M
Net Profit
FTHM
FTHM
REX
REX
Q4 25
$-6.7M
$27.5M
Q3 25
$-4.4M
$9.3M
Q2 25
$-3.6M
$10.7M
Q1 25
$-5.6M
$14.1M
Q4 24
$-6.2M
$30.1M
Q3 24
$-8.1M
$15.0M
Q2 24
$-1.3M
$12.3M
Q1 24
$-5.9M
$25.3M
Gross Margin
FTHM
FTHM
REX
REX
Q4 25
20.6%
Q3 25
9.0%
Q2 25
9.1%
Q1 25
11.1%
Q4 24
22.7%
Q3 24
13.3%
Q2 24
9.0%
Q1 24
16.2%
Operating Margin
FTHM
FTHM
REX
REX
Q4 25
-5.2%
20.2%
Q3 25
-3.5%
Q2 25
-2.0%
Q1 25
-4.8%
11.3%
Q4 24
-7.0%
22.6%
Q3 24
-9.3%
13.2%
Q2 24
-4.1%
9.9%
Q1 24
-8.0%
17.3%
Net Margin
FTHM
FTHM
REX
REX
Q4 25
-7.4%
15.6%
Q3 25
-3.8%
5.9%
Q2 25
-3.0%
6.7%
Q1 25
-6.1%
8.9%
Q4 24
-6.8%
17.2%
Q3 24
-9.7%
10.1%
Q2 24
-1.5%
7.6%
Q1 24
-8.4%
13.5%
EPS (diluted)
FTHM
FTHM
REX
REX
Q4 25
$-0.20
$0.71
Q3 25
$-0.15
$0.43
Q2 25
$-0.13
$0.51
Q1 25
$-0.24
$-0.32
Q4 24
$-0.29
$0.69
Q3 24
$-0.40
$0.70
Q2 24
$-0.07
$0.58
Q1 24
$-0.31
$-0.58

Balance Sheet & Financial Strength

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

Metric
FTHM
FTHM
REX
REX
Cash + ST InvestmentsLiquidity on hand
$5.8M
$335.5M
Total DebtLower is stronger
$5.6M
Stockholders' EquityBook value
$37.4M
$566.9M
Total Assets
$78.0M
$750.1M
Debt / EquityLower = less leverage
0.15×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FTHM
FTHM
REX
REX
Q4 25
$5.8M
$335.5M
Q3 25
$9.8M
$310.5M
Q2 25
$4.9M
$315.9M
Q1 25
$8.0M
$359.1M
Q4 24
$7.1M
$365.1M
Q3 24
$13.1M
$346.0M
Q2 24
$10.4M
$351.8M
Q1 24
$5.7M
$378.7M
Total Debt
FTHM
FTHM
REX
REX
Q4 25
$5.6M
Q3 25
$5.1M
Q2 25
$5.1M
Q1 25
$5.1M
Q4 24
$9.5M
Q3 24
$8.8M
Q2 24
$3.6M
Q1 24
$3.7M
Stockholders' Equity
FTHM
FTHM
REX
REX
Q4 25
$37.4M
$566.9M
Q3 25
$43.4M
$545.8M
Q2 25
$40.7M
$536.4M
Q1 25
$43.4M
$560.3M
Q4 24
$44.7M
$564.5M
Q3 24
$47.1M
$539.6M
Q2 24
$53.1M
$524.5M
Q1 24
$51.9M
$513.9M
Total Assets
FTHM
FTHM
REX
REX
Q4 25
$78.0M
$750.1M
Q3 25
$83.2M
$700.6M
Q2 25
$80.4M
$693.8M
Q1 25
$81.0M
$720.0M
Q4 24
$75.4M
$715.7M
Q3 24
$80.9M
$680.0M
Q2 24
$80.2M
$671.0M
Q1 24
$78.2M
$664.8M
Debt / Equity
FTHM
FTHM
REX
REX
Q4 25
0.15×
Q3 25
0.12×
Q2 25
0.12×
Q1 25
0.12×
Q4 24
0.21×
Q3 24
0.19×
Q2 24
0.07×
Q1 24
0.07×

Cash Flow & Capital Efficiency

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

Metric
FTHM
FTHM
REX
REX
Operating Cash FlowLast quarter
$-20.5M
$51.2M
Free Cash FlowOCF − Capex
$-20.7M
$24.5M
FCF MarginFCF / Revenue
-22.8%
14.0%
Capex IntensityCapex / Revenue
0.1%
15.2%
Cash ConversionOCF / Net Profit
1.87×
TTM Free Cash FlowTrailing 4 quarters
$-29.4M
$17.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FTHM
FTHM
REX
REX
Q4 25
$-20.5M
$51.2M
Q3 25
$3.0M
$16.3M
Q2 25
$-5.9M
$-3.5M
Q1 25
$-5.7M
$25.1M
Q4 24
$-4.7M
$33.4M
Q3 24
$-330.0K
$8.0M
Q2 24
$-3.1M
$-2.3M
Q1 24
$-947.0K
$62.5M
Free Cash Flow
FTHM
FTHM
REX
REX
Q4 25
$-20.7M
$24.5M
Q3 25
$3.0M
$-5.7M
Q2 25
$-6.0M
$-10.4M
Q1 25
$-5.8M
$9.2M
Q4 24
$-4.7M
$18.2M
Q3 24
$-364.0K
$-7.4M
Q2 24
$-3.1M
$-27.1M
Q1 24
$-948.0K
$47.2M
FCF Margin
FTHM
FTHM
REX
REX
Q4 25
-22.8%
14.0%
Q3 25
2.6%
-3.6%
Q2 25
-4.9%
-6.6%
Q1 25
-6.2%
5.8%
Q4 24
-5.2%
10.4%
Q3 24
-0.4%
-5.0%
Q2 24
-3.5%
-16.8%
Q1 24
-1.3%
25.2%
Capex Intensity
FTHM
FTHM
REX
REX
Q4 25
0.1%
15.2%
Q3 25
0.0%
13.9%
Q2 25
0.0%
4.4%
Q1 25
0.0%
10.0%
Q4 24
0.1%
8.7%
Q3 24
0.0%
10.4%
Q2 24
0.0%
15.4%
Q1 24
0.0%
8.2%
Cash Conversion
FTHM
FTHM
REX
REX
Q4 25
1.87×
Q3 25
1.75×
Q2 25
-0.33×
Q1 25
1.78×
Q4 24
1.11×
Q3 24
0.53×
Q2 24
-0.18×
Q1 24
2.47×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FTHM
FTHM

Real Estate Brokerage$84.9M94%
Mortgage Segment$3.4M4%
Other$2.3M3%

REX
REX

Ethanol$136.0M77%
Dried Distillers Grains$22.4M13%
Distillers Corn Oil$16.4M9%
Modified Distillers Grains$1.2M1%

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