vs

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

Hippo Holdings Inc. is the larger business by last-quarter revenue ($120.4M vs $71.1M, roughly 1.7× RE/MAX Holdings, Inc.). Hippo Holdings Inc. runs the higher net margin — 5.0% vs 2.0%, a 3.0% gap on every dollar of revenue. On growth, Hippo Holdings Inc. posted the faster year-over-year revenue change (18.2% vs -1.8%). RE/MAX Holdings, Inc. produced more free cash flow last quarter ($33.5M vs $9.1M). Over the past eight quarters, Hippo Holdings Inc.'s revenue compounded faster (18.9% CAGR vs -4.7%).

Hippo Valley Estate is a sugar estate found near the town of Chiredzi in Chiredzi District of southeastern Zimbabwe, on the Runde River near the border with Mozambique.

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.

HIPO vs RMAX — Head-to-Head

Bigger by revenue
HIPO
HIPO
1.7× larger
HIPO
$120.4M
$71.1M
RMAX
Growing faster (revenue YoY)
HIPO
HIPO
+20.0% gap
HIPO
18.2%
-1.8%
RMAX
Higher net margin
HIPO
HIPO
3.0% more per $
HIPO
5.0%
2.0%
RMAX
More free cash flow
RMAX
RMAX
$24.4M more FCF
RMAX
$33.5M
$9.1M
HIPO
Faster 2-yr revenue CAGR
HIPO
HIPO
Annualised
HIPO
18.9%
-4.7%
RMAX

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
HIPO
HIPO
RMAX
RMAX
Revenue
$120.4M
$71.1M
Net Profit
$6.0M
$1.4M
Gross Margin
Operating Margin
5.6%
13.1%
Net Margin
5.0%
2.0%
Revenue YoY
18.2%
-1.8%
Net Profit YoY
-86.4%
-75.2%
EPS (diluted)
$0.31

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
HIPO
HIPO
RMAX
RMAX
Q4 25
$120.4M
$71.1M
Q3 25
$120.6M
$73.2M
Q2 25
$117.3M
$72.8M
Q1 25
$110.3M
$74.5M
Q4 24
$101.9M
$72.5M
Q3 24
$95.5M
$78.5M
Q2 24
$89.6M
$78.5M
Q1 24
$85.1M
$78.3M
Net Profit
HIPO
HIPO
RMAX
RMAX
Q4 25
$6.0M
$1.4M
Q3 25
$98.1M
$4.0M
Q2 25
$1.3M
$4.7M
Q1 25
$-47.7M
$-2.0M
Q4 24
$44.2M
$5.8M
Q3 24
$-8.5M
$966.0K
Q2 24
$-40.5M
$3.7M
Q1 24
$-35.7M
$-3.4M
Operating Margin
HIPO
HIPO
RMAX
RMAX
Q4 25
5.6%
13.1%
Q3 25
81.3%
25.0%
Q2 25
3.4%
19.3%
Q1 25
-41.3%
7.2%
Q4 24
46.3%
5.9%
Q3 24
-5.4%
19.4%
Q2 24
-40.7%
20.6%
Q1 24
-38.7%
5.8%
Net Margin
HIPO
HIPO
RMAX
RMAX
Q4 25
5.0%
2.0%
Q3 25
81.3%
5.4%
Q2 25
1.1%
6.4%
Q1 25
-43.2%
-2.6%
Q4 24
43.4%
8.0%
Q3 24
-8.9%
1.2%
Q2 24
-45.2%
4.7%
Q1 24
-42.0%
-4.3%
EPS (diluted)
HIPO
HIPO
RMAX
RMAX
Q4 25
$0.31
Q3 25
$3.77
Q2 25
$0.05
Q1 25
$-1.91
Q4 24
$1.81
Q3 24
$-0.34
Q2 24
$-1.64
Q1 24
$-1.47

Balance Sheet & Financial Strength

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

Metric
HIPO
HIPO
RMAX
RMAX
Cash + ST InvestmentsLiquidity on hand
$218.3M
$118.7M
Total DebtLower is stronger
$432.2M
Stockholders' EquityBook value
$436.1M
$452.4M
Total Assets
$1.9B
$582.5M
Debt / EquityLower = less leverage
0.96×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HIPO
HIPO
RMAX
RMAX
Q4 25
$218.3M
$118.7M
Q3 25
$247.7M
$107.5M
Q2 25
$198.9M
$94.3M
Q1 25
$140.9M
$89.1M
Q4 24
$197.6M
$96.6M
Q3 24
$191.2M
$83.8M
Q2 24
$175.9M
$66.1M
Q1 24
$223.4M
$82.1M
Total Debt
HIPO
HIPO
RMAX
RMAX
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
Stockholders' Equity
HIPO
HIPO
RMAX
RMAX
Q4 25
$436.1M
$452.4M
Q3 25
$421.5M
$448.1M
Q2 25
$332.5M
$442.4M
Q1 25
$322.8M
$433.5M
Q4 24
$362.1M
$429.5M
Q3 24
$326.4M
$423.1M
Q2 24
$322.6M
$418.4M
Q1 24
$351.2M
$412.0M
Total Assets
HIPO
HIPO
RMAX
RMAX
Q4 25
$1.9B
$582.5M
Q3 25
$1.9B
$582.2M
Q2 25
$1.7B
$574.8M
Q1 25
$1.5B
$571.4M
Q4 24
$1.5B
$581.6M
Q3 24
$1.5B
$578.6M
Q2 24
$1.5B
$571.4M
Q1 24
$1.5B
$566.7M
Debt / Equity
HIPO
HIPO
RMAX
RMAX
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
HIPO
HIPO
RMAX
RMAX
Operating Cash FlowLast quarter
$9.2M
$40.9M
Free Cash FlowOCF − Capex
$9.1M
$33.5M
FCF MarginFCF / Revenue
7.6%
47.1%
Capex IntensityCapex / Revenue
0.1%
10.4%
Cash ConversionOCF / Net Profit
1.53×
28.39×
TTM Free Cash FlowTrailing 4 quarters
$14.8M
$56.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HIPO
HIPO
RMAX
RMAX
Q4 25
$9.2M
$40.9M
Q3 25
$16.9M
$17.7M
Q2 25
$24.7M
$4.6M
Q1 25
$-35.6M
$5.7M
Q4 24
$47.5M
$59.7M
Q3 24
$46.8M
$17.6M
Q2 24
$-10.6M
$15.9M
Q1 24
$17.7M
$9.4M
Free Cash Flow
HIPO
HIPO
RMAX
RMAX
Q4 25
$9.1M
$33.5M
Q3 25
$16.8M
$16.4M
Q2 25
$24.6M
$2.9M
Q1 25
$-35.7M
$4.0M
Q4 24
$47.2M
$53.0M
Q3 24
$16.3M
Q2 24
$-10.7M
$14.0M
Q1 24
$17.6M
$6.8M
FCF Margin
HIPO
HIPO
RMAX
RMAX
Q4 25
7.6%
47.1%
Q3 25
13.9%
22.4%
Q2 25
21.0%
4.0%
Q1 25
-32.4%
5.3%
Q4 24
46.3%
73.2%
Q3 24
20.8%
Q2 24
-11.9%
17.8%
Q1 24
20.7%
8.6%
Capex Intensity
HIPO
HIPO
RMAX
RMAX
Q4 25
0.1%
10.4%
Q3 25
0.1%
1.8%
Q2 25
0.1%
2.2%
Q1 25
0.1%
2.3%
Q4 24
0.3%
9.1%
Q3 24
0.0%
1.7%
Q2 24
0.1%
2.4%
Q1 24
0.1%
3.3%
Cash Conversion
HIPO
HIPO
RMAX
RMAX
Q4 25
1.53×
28.39×
Q3 25
0.17×
4.45×
Q2 25
19.00×
0.97×
Q1 25
Q4 24
1.07×
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

HIPO
HIPO

Segment breakdown not available.

RMAX
RMAX

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

Related Comparisons