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Side-by-side financial comparison of Granite Ridge Resources, Inc. (GRNT) and RE/MAX Holdings, Inc. (RMAX). Click either name above to swap in a different company.

Granite Ridge Resources, Inc. is the larger business by last-quarter revenue ($105.5M vs $71.1M, roughly 1.5× RE/MAX Holdings, Inc.). On growth, Granite Ridge Resources, Inc. posted the faster year-over-year revenue change (-0.8% vs -1.8%). Over the past eight quarters, Granite Ridge Resources, Inc.'s revenue compounded faster (8.9% CAGR vs -4.7%).

Granite Ridge Resources, Inc. is an independent upstream energy company focused on the exploration, development, and production of oil, natural gas, and natural gas liquids. It operates low-cost, high-yield onshore hydrocarbon assets across key U.S. basins, primarily serving North American energy markets.

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.

GRNT vs RMAX — Head-to-Head

Bigger by revenue
GRNT
GRNT
1.5× larger
GRNT
$105.5M
$71.1M
RMAX
Growing faster (revenue YoY)
GRNT
GRNT
+1.1% gap
GRNT
-0.8%
-1.8%
RMAX
Faster 2-yr revenue CAGR
GRNT
GRNT
Annualised
GRNT
8.9%
-4.7%
RMAX

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
GRNT
GRNT
RMAX
RMAX
Revenue
$105.5M
$71.1M
Net Profit
$1.4M
Gross Margin
Operating Margin
-34.5%
13.1%
Net Margin
2.0%
Revenue YoY
-0.8%
-1.8%
Net Profit YoY
-75.2%
EPS (diluted)
$-0.19

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
GRNT
GRNT
RMAX
RMAX
Q4 25
$105.5M
$71.1M
Q3 25
$112.7M
$73.2M
Q2 25
$109.2M
$72.8M
Q1 25
$122.9M
$74.5M
Q4 24
$106.3M
$72.5M
Q3 24
$94.1M
$78.5M
Q2 24
$90.7M
$78.5M
Q1 24
$89.0M
$78.3M
Net Profit
GRNT
GRNT
RMAX
RMAX
Q4 25
$1.4M
Q3 25
$14.5M
$4.0M
Q2 25
$25.1M
$4.7M
Q1 25
$9.8M
$-2.0M
Q4 24
$5.8M
Q3 24
$9.1M
$966.0K
Q2 24
$5.1M
$3.7M
Q1 24
$16.2M
$-3.4M
Operating Margin
GRNT
GRNT
RMAX
RMAX
Q4 25
-34.5%
13.1%
Q3 25
17.4%
25.0%
Q2 25
19.0%
19.3%
Q1 25
34.6%
7.2%
Q4 24
-6.5%
5.9%
Q3 24
26.2%
19.4%
Q2 24
24.1%
20.6%
Q1 24
22.0%
5.8%
Net Margin
GRNT
GRNT
RMAX
RMAX
Q4 25
2.0%
Q3 25
12.9%
5.4%
Q2 25
23.0%
6.4%
Q1 25
8.0%
-2.6%
Q4 24
8.0%
Q3 24
9.6%
1.2%
Q2 24
5.6%
4.7%
Q1 24
18.2%
-4.3%
EPS (diluted)
GRNT
GRNT
RMAX
RMAX
Q4 25
$-0.19
Q3 25
$0.11
Q2 25
$0.19
Q1 25
$0.07
Q4 24
$-0.09
Q3 24
$0.07
Q2 24
$0.04
Q1 24
$0.12

Balance Sheet & Financial Strength

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

Metric
GRNT
GRNT
RMAX
RMAX
Cash + ST InvestmentsLiquidity on hand
$118.7M
Total DebtLower is stronger
$367.8M
$432.2M
Stockholders' EquityBook value
$605.8M
$452.4M
Total Assets
$1.2B
$582.5M
Debt / EquityLower = less leverage
0.61×
0.96×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GRNT
GRNT
RMAX
RMAX
Q4 25
$118.7M
Q3 25
$107.5M
Q2 25
$94.3M
Q1 25
$89.1M
Q4 24
$96.6M
Q3 24
$83.8M
Q2 24
$66.1M
Q1 24
$82.1M
Total Debt
GRNT
GRNT
RMAX
RMAX
Q4 25
$367.8M
$432.2M
Q3 25
$300.0M
$433.3M
Q2 25
$275.0M
$434.4M
Q1 25
$250.0M
$435.3M
Q4 24
$205.0M
$436.2M
Q3 24
$437.2M
Q2 24
$438.1M
Q1 24
$137.5M
$439.0M
Stockholders' Equity
GRNT
GRNT
RMAX
RMAX
Q4 25
$605.8M
$452.4M
Q3 25
$643.9M
$448.1M
Q2 25
$642.5M
$442.4M
Q1 25
$631.4M
$433.5M
Q4 24
$635.4M
$429.5M
Q3 24
$660.6M
$423.1M
Q2 24
$665.3M
$418.4M
Q1 24
$674.0M
$412.0M
Total Assets
GRNT
GRNT
RMAX
RMAX
Q4 25
$1.2B
$582.5M
Q3 25
$1.1B
$582.2M
Q2 25
$1.1B
$574.8M
Q1 25
$1.1B
$571.4M
Q4 24
$1.0B
$581.6M
Q3 24
$1.0B
$578.6M
Q2 24
$990.5M
$571.4M
Q1 24
$966.7M
$566.7M
Debt / Equity
GRNT
GRNT
RMAX
RMAX
Q4 25
0.61×
0.96×
Q3 25
0.47×
0.97×
Q2 25
0.43×
0.98×
Q1 25
0.40×
1.00×
Q4 24
0.32×
1.02×
Q3 24
1.03×
Q2 24
1.05×
Q1 24
0.20×
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
GRNT
GRNT
RMAX
RMAX
Operating Cash FlowLast quarter
$64.5M
$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
GRNT
GRNT
RMAX
RMAX
Q4 25
$64.5M
$40.9M
Q3 25
$77.8M
$17.7M
Q2 25
$78.0M
$4.6M
Q1 25
$76.1M
$5.7M
Q4 24
$68.2M
$59.7M
Q3 24
$74.7M
$17.6M
Q2 24
$64.2M
$15.9M
Q1 24
$68.7M
$9.4M
Free Cash Flow
GRNT
GRNT
RMAX
RMAX
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
FCF Margin
GRNT
GRNT
RMAX
RMAX
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%
Capex Intensity
GRNT
GRNT
RMAX
RMAX
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%
Cash Conversion
GRNT
GRNT
RMAX
RMAX
Q4 25
28.39×
Q3 25
5.36×
4.45×
Q2 25
3.11×
0.97×
Q1 25
7.75×
Q4 24
10.28×
Q3 24
8.25×
18.22×
Q2 24
12.58×
4.29×
Q1 24
4.23×

Financial Flow Comparison

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

Revenue Breakdown by Segment

GRNT
GRNT

Oil And Gas Service$87.6M83%
Natural Gas Storage$17.9M17%

RMAX
RMAX

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

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