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Side-by-side financial comparison of GRAHAM CORP (GHM) 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 $56.7M, roughly 1.3× GRAHAM CORP). GRAHAM CORP runs the higher net margin — 5.0% vs 2.0%, a 3.0% gap on every dollar of revenue. On growth, GRAHAM CORP posted the faster year-over-year revenue change (20.5% vs -1.8%). RE/MAX Holdings, Inc. produced more free cash flow last quarter ($33.5M vs $2.4M). Over the past eight quarters, GRAHAM CORP's revenue compounded faster (7.5% CAGR vs -4.7%).
Graham Holdings Company is a diversified American conglomerate holding company. Headquartered in Arlington County, Virginia, and incorporated in Delaware, it was formerly the owner of The Washington Post newspaper and Newsweek magazine.
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.
GHM vs RMAX — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $56.7M | $71.1M |
| Net Profit | $2.8M | $1.4M |
| Gross Margin | 23.8% | — |
| Operating Margin | 5.5% | 13.1% |
| Net Margin | 5.0% | 2.0% |
| Revenue YoY | 20.5% | -1.8% |
| Net Profit YoY | 79.2% | -75.2% |
| EPS (diluted) | $0.25 | — |
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 | $56.7M | $71.1M | ||
| Q3 25 | $66.0M | $73.2M | ||
| Q2 25 | $55.5M | $72.8M | ||
| Q1 25 | $59.3M | $74.5M | ||
| Q4 24 | $47.0M | $72.5M | ||
| Q3 24 | $53.6M | $78.5M | ||
| Q2 24 | $50.0M | $78.5M | ||
| Q1 24 | $49.1M | $78.3M |
| Q4 25 | $2.8M | $1.4M | ||
| Q3 25 | $3.1M | $4.0M | ||
| Q2 25 | $4.6M | $4.7M | ||
| Q1 25 | $4.4M | $-2.0M | ||
| Q4 24 | $1.6M | $5.8M | ||
| Q3 24 | $3.3M | $966.0K | ||
| Q2 24 | $3.0M | $3.7M | ||
| Q1 24 | $1.3M | $-3.4M |
| Q4 25 | 23.8% | — | ||
| Q3 25 | 21.7% | — | ||
| Q2 25 | 26.5% | — | ||
| Q1 25 | 27.0% | — | ||
| Q4 24 | 24.8% | — | ||
| Q3 24 | 23.9% | — | ||
| Q2 24 | 24.8% | — | ||
| Q1 24 | 25.9% | — |
| Q4 25 | 5.5% | 13.1% | ||
| Q3 25 | 6.5% | 25.0% | ||
| Q2 25 | 8.9% | 19.3% | ||
| Q1 25 | 9.3% | 7.2% | ||
| Q4 24 | 4.7% | 5.9% | ||
| Q3 24 | 7.9% | 19.4% | ||
| Q2 24 | 6.5% | 20.6% | ||
| Q1 24 | 3.1% | 5.8% |
| Q4 25 | 5.0% | 2.0% | ||
| Q3 25 | 4.7% | 5.4% | ||
| Q2 25 | 8.3% | 6.4% | ||
| Q1 25 | 7.4% | -2.6% | ||
| Q4 24 | 3.4% | 8.0% | ||
| Q3 24 | 6.1% | 1.2% | ||
| Q2 24 | 5.9% | 4.7% | ||
| Q1 24 | 2.7% | -4.3% |
| Q4 25 | $0.25 | — | ||
| Q3 25 | $0.28 | — | ||
| Q2 25 | $0.42 | — | ||
| Q1 25 | $0.40 | — | ||
| Q4 24 | $0.14 | — | ||
| Q3 24 | $0.30 | — | ||
| Q2 24 | $0.27 | — | ||
| Q1 24 | $0.11 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $22.3M | $118.7M |
| Total DebtLower is stronger | — | $432.2M |
| Stockholders' EquityBook value | $131.3M | $452.4M |
| Total Assets | $292.9M | $582.5M |
| Debt / EquityLower = less leverage | — | 0.96× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $22.3M | $118.7M | ||
| Q3 25 | $20.6M | $107.5M | ||
| Q2 25 | $10.8M | $94.3M | ||
| Q1 25 | $21.6M | $89.1M | ||
| Q4 24 | $30.0M | $96.6M | ||
| Q3 24 | $32.3M | $83.8M | ||
| Q2 24 | $21.6M | $66.1M | ||
| Q1 24 | $16.9M | $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 | $131.3M | $452.4M | ||
| Q3 25 | $127.6M | $448.1M | ||
| Q2 25 | $123.4M | $442.4M | ||
| Q1 25 | $119.6M | $433.5M | ||
| Q4 24 | $114.4M | $429.5M | ||
| Q3 24 | $112.5M | $423.1M | ||
| Q2 24 | $108.2M | $418.4M | ||
| Q1 24 | $105.6M | $412.0M |
| Q4 25 | $292.9M | $582.5M | ||
| Q3 25 | $287.0M | $582.2M | ||
| Q2 25 | $252.3M | $574.8M | ||
| Q1 25 | $264.1M | $571.4M | ||
| Q4 24 | $264.3M | $581.6M | ||
| Q3 24 | $249.5M | $578.6M | ||
| Q2 24 | $244.2M | $571.4M | ||
| Q1 24 | $233.9M | $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 | $4.8M | $40.9M |
| Free Cash FlowOCF − Capex | $2.4M | $33.5M |
| FCF MarginFCF / Revenue | 4.3% | 47.1% |
| Capex IntensityCapex / Revenue | 4.1% | 10.4% |
| Cash ConversionOCF / Net Profit | 1.67× | 28.39× |
| TTM Free Cash FlowTrailing 4 quarters | $-6.1M | $56.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.8M | $40.9M | ||
| Q3 25 | $13.6M | $17.7M | ||
| Q2 25 | $-2.3M | $4.6M | ||
| Q1 25 | $-3.6M | $5.7M | ||
| Q4 24 | $5.2M | $59.7M | ||
| Q3 24 | $13.9M | $17.6M | ||
| Q2 24 | $8.7M | $15.9M | ||
| Q1 24 | $8.6M | $9.4M |
| Q4 25 | $2.4M | $33.5M | ||
| Q3 25 | $9.4M | $16.4M | ||
| Q2 25 | $-9.3M | $2.9M | ||
| Q1 25 | $-8.7M | $4.0M | ||
| Q4 24 | $-2.1M | $53.0M | ||
| Q3 24 | $10.4M | $16.3M | ||
| Q2 24 | $5.7M | $14.0M | ||
| Q1 24 | $4.6M | $6.8M |
| Q4 25 | 4.3% | 47.1% | ||
| Q3 25 | 14.3% | 22.4% | ||
| Q2 25 | -16.7% | 4.0% | ||
| Q1 25 | -14.7% | 5.3% | ||
| Q4 24 | -4.5% | 73.2% | ||
| Q3 24 | 19.5% | 20.8% | ||
| Q2 24 | 11.5% | 17.8% | ||
| Q1 24 | 9.4% | 8.6% |
| Q4 25 | 4.1% | 10.4% | ||
| Q3 25 | 6.3% | 1.8% | ||
| Q2 25 | 12.6% | 2.2% | ||
| Q1 25 | 8.7% | 2.3% | ||
| Q4 24 | 15.6% | 9.1% | ||
| Q3 24 | 6.5% | 1.7% | ||
| Q2 24 | 6.0% | 2.4% | ||
| Q1 24 | 8.2% | 3.3% |
| Q4 25 | 1.67× | 28.39× | ||
| Q3 25 | 4.40× | 4.45× | ||
| Q2 25 | -0.49× | 0.97× | ||
| Q1 25 | -0.81× | — | ||
| Q4 24 | 3.29× | 10.28× | ||
| Q3 24 | 4.25× | 18.22× | ||
| Q2 24 | 2.94× | 4.29× | ||
| Q1 24 | 6.45× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GHM
| Defense | $35.3M | 62% |
| Energy And Process | $18.3M | 32% |
| Space | $3.1M | 6% |
RMAX
| Franchising Segment | $50.1M | 70% |
| Broker Fees | $13.9M | 20% |
| Annual Dues | $7.4M | 10% |
