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Side-by-side financial comparison of Global Indemnity Group, LLC (GBLI) and RE/MAX Holdings, Inc. (RMAX). Click either name above to swap in a different company.
Global Indemnity Group, LLC is the larger business by last-quarter revenue ($116.7M vs $71.1M, roughly 1.6× RE/MAX Holdings, Inc.). Global Indemnity Group, LLC runs the higher net margin — 5.5% vs 2.0%, a 3.5% gap on every dollar of revenue. On growth, Global Indemnity Group, LLC posted the faster year-over-year revenue change (7.6% vs -1.8%). Over the past eight quarters, Global Indemnity Group, LLC's revenue compounded faster (2.0% CAGR vs -4.7%).
Global Indemnity Group LLC is a specialty insurance holding company that provides tailored commercial and personal property and casualty insurance products, as well as surety and reinsurance solutions. It primarily serves small to mid-sized enterprises and niche personal line segments across the United States, focusing on underserved specialty risk categories through its licensed subsidiary insurance carriers.
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.
GBLI vs RMAX — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $116.7M | $71.1M |
| Net Profit | $6.5M | $1.4M |
| Gross Margin | — | — |
| Operating Margin | 7.9% | 13.1% |
| Net Margin | 5.5% | 2.0% |
| Revenue YoY | 7.6% | -1.8% |
| Net Profit YoY | -28.5% | -75.2% |
| EPS (diluted) | $0.48 | — |
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.
| Q4 25 | $116.7M | $71.1M | ||
| Q3 25 | $114.2M | $73.2M | ||
| Q2 25 | $110.5M | $72.8M | ||
| Q1 25 | $108.7M | $74.5M | ||
| Q4 24 | $108.4M | $72.5M | ||
| Q3 24 | $111.8M | $78.5M | ||
| Q2 24 | $108.7M | $78.5M | ||
| Q1 24 | $112.3M | $78.3M |
| Q4 25 | $6.5M | $1.4M | ||
| Q3 25 | $12.5M | $4.0M | ||
| Q2 25 | $10.3M | $4.7M | ||
| Q1 25 | $-4.0M | $-2.0M | ||
| Q4 24 | $9.0M | $5.8M | ||
| Q3 24 | $12.8M | $966.0K | ||
| Q2 24 | $10.1M | $3.7M | ||
| Q1 24 | $11.4M | $-3.4M |
| Q4 25 | 7.9% | 13.1% | ||
| Q3 25 | 14.1% | 25.0% | ||
| Q2 25 | 11.9% | 19.3% | ||
| Q1 25 | -4.7% | 7.2% | ||
| Q4 24 | 11.2% | 5.9% | ||
| Q3 24 | 14.2% | 19.4% | ||
| Q2 24 | 11.7% | 20.6% | ||
| Q1 24 | 12.7% | 5.8% |
| Q4 25 | 5.5% | 2.0% | ||
| Q3 25 | 11.0% | 5.4% | ||
| Q2 25 | 9.4% | 6.4% | ||
| Q1 25 | -3.7% | -2.6% | ||
| Q4 24 | 8.3% | 8.0% | ||
| Q3 24 | 11.4% | 1.2% | ||
| Q2 24 | 9.3% | 4.7% | ||
| Q1 24 | 10.1% | -4.3% |
| Q4 25 | $0.48 | — | ||
| Q3 25 | $0.86 | — | ||
| Q2 25 | $0.71 | — | ||
| Q1 25 | $-0.30 | — | ||
| Q4 24 | $0.65 | — | ||
| Q3 24 | $0.92 | — | ||
| Q2 24 | $0.73 | — | ||
| Q1 24 | $0.82 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $65.5M | $118.7M |
| Total DebtLower is stronger | — | $432.2M |
| Stockholders' EquityBook value | $706.6M | $452.4M |
| Total Assets | $1.7B | $582.5M |
| Debt / EquityLower = less leverage | — | 0.96× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $65.5M | $118.7M | ||
| Q3 25 | $75.4M | $107.5M | ||
| Q2 25 | $67.3M | $94.3M | ||
| Q1 25 | $81.1M | $89.1M | ||
| Q4 24 | $17.0M | $96.6M | ||
| Q3 24 | $31.0M | $83.8M | ||
| Q2 24 | $46.7M | $66.1M | ||
| Q1 24 | $38.9M | $82.1M |
| 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 |
| Q4 25 | $706.6M | $452.4M | ||
| Q3 25 | $704.1M | $448.1M | ||
| Q2 25 | $695.3M | $442.4M | ||
| Q1 25 | $687.1M | $433.5M | ||
| Q4 24 | $689.1M | $429.5M | ||
| Q3 24 | $686.7M | $423.1M | ||
| Q2 24 | $667.5M | $418.4M | ||
| Q1 24 | $659.5M | $412.0M |
| Q4 25 | $1.7B | $582.5M | ||
| Q3 25 | $1.7B | $582.2M | ||
| Q2 25 | $1.7B | $574.8M | ||
| Q1 25 | $1.7B | $571.4M | ||
| Q4 24 | $1.7B | $581.6M | ||
| Q3 24 | $1.8B | $578.6M | ||
| Q2 24 | $1.7B | $571.4M | ||
| Q1 24 | $1.7B | $566.7M |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $9.1M | $40.9M |
| Free Cash FlowOCF − Capex | — | $33.5M |
| FCF MarginFCF / Revenue | — | 47.1% |
| Capex IntensityCapex / Revenue | — | 10.4% |
| Cash ConversionOCF / Net Profit | 1.40× | 28.39× |
| TTM Free Cash FlowTrailing 4 quarters | — | $56.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $9.1M | $40.9M | ||
| Q3 25 | $5.7M | $17.7M | ||
| Q2 25 | $7.0M | $4.6M | ||
| Q1 25 | $2.4M | $5.7M | ||
| Q4 24 | $38.8M | $59.7M | ||
| Q3 24 | $15.3M | $17.6M | ||
| Q2 24 | $14.3M | $15.9M | ||
| Q1 24 | $22.7M | $9.4M |
| Q4 25 | — | $33.5M | ||
| Q3 25 | — | $16.4M | ||
| Q2 25 | — | $2.9M | ||
| Q1 25 | — | $4.0M | ||
| Q4 24 | — | $53.0M | ||
| Q3 24 | — | $16.3M | ||
| Q2 24 | — | $14.0M | ||
| Q1 24 | — | $6.8M |
| Q4 25 | — | 47.1% | ||
| Q3 25 | — | 22.4% | ||
| Q2 25 | — | 4.0% | ||
| Q1 25 | — | 5.3% | ||
| Q4 24 | — | 73.2% | ||
| Q3 24 | — | 20.8% | ||
| Q2 24 | — | 17.8% | ||
| Q1 24 | — | 8.6% |
| Q4 25 | — | 10.4% | ||
| Q3 25 | — | 1.8% | ||
| Q2 25 | — | 2.2% | ||
| Q1 25 | — | 2.3% | ||
| Q4 24 | — | 9.1% | ||
| Q3 24 | — | 1.7% | ||
| Q2 24 | — | 2.4% | ||
| Q1 24 | — | 3.3% |
| Q4 25 | 1.40× | 28.39× | ||
| Q3 25 | 0.45× | 4.45× | ||
| Q2 25 | 0.68× | 0.97× | ||
| Q1 25 | — | — | ||
| Q4 24 | 4.30× | 10.28× | ||
| Q3 24 | 1.20× | 18.22× | ||
| Q2 24 | 1.41× | 4.29× | ||
| Q1 24 | 2.00× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GBLI
| Belmont Core | $99.2M | 85% |
| Agency And Insurance Services | $13.8M | 12% |
| Other | $3.7M | 3% |
RMAX
| Franchising Segment | $50.1M | 70% |
| Broker Fees | $13.9M | 20% |
| Annual Dues | $7.4M | 10% |
