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Side-by-side financial comparison of Global Net Lease, Inc. (GNL) and RE/MAX Holdings, Inc. (RMAX). Click either name above to swap in a different company.
Global Net Lease, Inc. is the larger business by last-quarter revenue ($117.0M vs $71.1M, roughly 1.6× RE/MAX Holdings, Inc.). Global Net Lease, Inc. runs the higher net margin — 41.2% vs 2.0%, a 39.2% gap on every dollar of revenue. On growth, RE/MAX Holdings, Inc. posted the faster year-over-year revenue change (-1.8% vs -15.1%). Over the past eight quarters, RE/MAX Holdings, Inc.'s revenue compounded faster (-4.7% CAGR vs -11.1%).
Global Net Lease, Inc. is a publicly traded real estate investment trust that acquires, owns and manages a diversified portfolio of commercial real estate assets under long-term net lease contracts. Its property portfolio spans North America and Europe, covering industrial, office, retail and other key sectors, serving tenants across multiple industries to deliver consistent long-term returns for shareholders.
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.
GNL vs RMAX — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $117.0M | $71.1M |
| Net Profit | $48.2M | $1.4M |
| Gross Margin | — | — |
| Operating Margin | 94.7% | 13.1% |
| Net Margin | 41.2% | 2.0% |
| Revenue YoY | -15.1% | -1.8% |
| Net Profit YoY | 838.7% | -75.2% |
| EPS (diluted) | $0.14 | — |
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.
| Q4 25 | $117.0M | $71.1M | ||
| Q3 25 | $121.0M | $73.2M | ||
| Q2 25 | $124.9M | $72.8M | ||
| Q1 25 | $132.4M | $74.5M | ||
| Q4 24 | $137.8M | $72.5M | ||
| Q3 24 | $138.7M | $78.5M | ||
| Q2 24 | $145.5M | $78.5M | ||
| Q1 24 | $147.9M | $78.3M |
| Q4 25 | $48.2M | $1.4M | ||
| Q3 25 | $-60.1M | $4.0M | ||
| Q2 25 | $-24.1M | $4.7M | ||
| Q1 25 | $-189.4M | $-2.0M | ||
| Q4 24 | $-6.5M | $5.8M | ||
| Q3 24 | $-65.6M | $966.0K | ||
| Q2 24 | $-35.7M | $3.7M | ||
| Q1 24 | $-23.8M | $-3.4M |
| Q4 25 | 94.7% | 13.1% | ||
| Q3 25 | -11.7% | 25.0% | ||
| Q2 25 | 33.9% | 19.3% | ||
| Q1 25 | -21.1% | 7.2% | ||
| Q4 24 | 40.8% | 5.9% | ||
| Q3 24 | 9.3% | 19.4% | ||
| Q2 24 | 42.6% | 20.6% | ||
| Q1 24 | 38.6% | 5.8% |
| Q4 25 | 41.2% | 2.0% | ||
| Q3 25 | -49.7% | 5.4% | ||
| Q2 25 | -19.3% | 6.4% | ||
| Q1 25 | -143.0% | -2.6% | ||
| Q4 24 | -4.7% | 8.0% | ||
| Q3 24 | -47.3% | 1.2% | ||
| Q2 24 | -24.5% | 4.7% | ||
| Q1 24 | -16.1% | -4.3% |
| Q4 25 | $0.14 | — | ||
| Q3 25 | $-0.32 | — | ||
| Q2 25 | $-0.16 | — | ||
| Q1 25 | $-0.87 | — | ||
| Q4 24 | $-0.08 | — | ||
| Q3 24 | $-0.33 | — | ||
| Q2 24 | $-0.20 | — | ||
| Q1 24 | $-0.15 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $180.1M | $118.7M |
| Total DebtLower is stronger | — | $432.2M |
| Stockholders' EquityBook value | $1.7B | $452.4M |
| Total Assets | $4.3B | $582.5M |
| Debt / EquityLower = less leverage | — | 0.96× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $180.1M | $118.7M | ||
| Q3 25 | $165.1M | $107.5M | ||
| Q2 25 | $144.8M | $94.3M | ||
| Q1 25 | $147.0M | $89.1M | ||
| Q4 24 | $159.7M | $96.6M | ||
| Q3 24 | $127.2M | $83.8M | ||
| Q2 24 | $122.2M | $66.1M | ||
| Q1 24 | $131.9M | $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 | $1.7B | $452.4M | ||
| Q3 25 | $1.7B | $448.1M | ||
| Q2 25 | $1.8B | $442.4M | ||
| Q1 25 | $1.9B | $433.5M | ||
| Q4 24 | $2.2B | $429.5M | ||
| Q3 24 | $2.3B | $423.1M | ||
| Q2 24 | $2.4B | $418.4M | ||
| Q1 24 | $2.5B | $412.0M |
| Q4 25 | $4.3B | $582.5M | ||
| Q3 25 | $4.8B | $582.2M | ||
| Q2 25 | $5.0B | $574.8M | ||
| Q1 25 | $5.8B | $571.4M | ||
| Q4 24 | $7.0B | $581.6M | ||
| Q3 24 | $7.3B | $578.6M | ||
| Q2 24 | $7.6B | $571.4M | ||
| Q1 24 | $8.0B | $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 | $222.8M | $40.9M |
| Free Cash FlowOCF − Capex | — | $33.5M |
| FCF MarginFCF / Revenue | — | 47.1% |
| Capex IntensityCapex / Revenue | — | 10.4% |
| Cash ConversionOCF / Net Profit | 4.62× | 28.39× |
| TTM Free Cash FlowTrailing 4 quarters | — | $56.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $222.8M | $40.9M | ||
| Q3 25 | $56.0M | $17.7M | ||
| Q2 25 | $52.0M | $4.6M | ||
| Q1 25 | $59.2M | $5.7M | ||
| Q4 24 | $299.5M | $59.7M | ||
| Q3 24 | $62.1M | $17.6M | ||
| Q2 24 | $70.4M | $15.9M | ||
| Q1 24 | $92.2M | $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 | 4.62× | 28.39× | ||
| Q3 25 | — | 4.45× | ||
| Q2 25 | — | 0.97× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 10.28× | ||
| Q3 24 | — | 18.22× | ||
| Q2 24 | — | 4.29× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GNL
| Industrial And Distribution Segment | $56.0M | 48% |
| Office Segment | $30.8M | 26% |
| Single Tenant Retail Segment | $30.2M | 26% |
RMAX
| Franchising Segment | $50.1M | 70% |
| Broker Fees | $13.9M | 20% |
| Annual Dues | $7.4M | 10% |
