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Side-by-side financial comparison of HEALTHSTREAM INC (HSTM) and RE/MAX Holdings, Inc. (RMAX). Click either name above to swap in a different company.
HEALTHSTREAM INC is the larger business by last-quarter revenue ($79.7M vs $71.1M, roughly 1.1× RE/MAX Holdings, Inc.). On growth, HEALTHSTREAM INC posted the faster year-over-year revenue change (7.4% vs -1.8%). RE/MAX Holdings, Inc. produced more free cash flow last quarter ($33.5M vs $13.0M). Over the past eight quarters, HEALTHSTREAM INC's revenue compounded faster (4.7% CAGR vs -4.7%).
HealthStream Inc is a leading U.S.-based provider of workforce development, compliance, and training solutions tailored for the healthcare industry. It offers cloud-based platforms covering clinical skill training, talent management, patient safety education, and regulatory adherence tools, serving over 4,000 healthcare organizations including hospitals, clinics, and long-term care facilities nationwide.
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.
HSTM vs RMAX — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $79.7M | $71.1M |
| Net Profit | — | $1.4M |
| Gross Margin | — | — |
| Operating Margin | 3.0% | 13.1% |
| Net Margin | — | 2.0% |
| Revenue YoY | 7.4% | -1.8% |
| Net Profit YoY | — | -75.2% |
| EPS (diluted) | $0.09 | — |
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 | $79.7M | $71.1M | ||
| Q3 25 | $76.5M | $73.2M | ||
| Q2 25 | $74.4M | $72.8M | ||
| Q1 25 | $73.5M | $74.5M | ||
| Q4 24 | $74.2M | $72.5M | ||
| Q3 24 | $73.1M | $78.5M | ||
| Q2 24 | $71.6M | $78.5M | ||
| Q1 24 | $72.8M | $78.3M |
| Q4 25 | — | $1.4M | ||
| Q3 25 | $6.1M | $4.0M | ||
| Q2 25 | $5.4M | $4.7M | ||
| Q1 25 | $4.3M | $-2.0M | ||
| Q4 24 | — | $5.8M | ||
| Q3 24 | $5.7M | $966.0K | ||
| Q2 24 | $4.2M | $3.7M | ||
| Q1 24 | $5.2M | $-3.4M |
| Q4 25 | 3.0% | 13.1% | ||
| Q3 25 | 9.9% | 25.0% | ||
| Q2 25 | 7.9% | 19.3% | ||
| Q1 25 | 6.0% | 7.2% | ||
| Q4 24 | 6.3% | 5.9% | ||
| Q3 24 | 8.9% | 19.4% | ||
| Q2 24 | 6.2% | 20.6% | ||
| Q1 24 | 7.8% | 5.8% |
| Q4 25 | — | 2.0% | ||
| Q3 25 | 8.0% | 5.4% | ||
| Q2 25 | 7.2% | 6.4% | ||
| Q1 25 | 5.9% | -2.6% | ||
| Q4 24 | — | 8.0% | ||
| Q3 24 | 7.8% | 1.2% | ||
| Q2 24 | 5.8% | 4.7% | ||
| Q1 24 | 7.2% | -4.3% |
| Q4 25 | $0.09 | — | ||
| Q3 25 | $0.20 | — | ||
| Q2 25 | $0.18 | — | ||
| Q1 25 | $0.14 | — | ||
| Q4 24 | $0.16 | — | ||
| Q3 24 | $0.19 | — | ||
| Q2 24 | $0.14 | — | ||
| Q1 24 | $0.17 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $36.2M | $118.7M |
| Total DebtLower is stronger | — | $432.2M |
| Stockholders' EquityBook value | $354.0M | $452.4M |
| Total Assets | $520.4M | $582.5M |
| Debt / EquityLower = less leverage | — | 0.96× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $36.2M | $118.7M | ||
| Q3 25 | $53.5M | $107.5M | ||
| Q2 25 | $52.1M | $94.3M | ||
| Q1 25 | $77.3M | $89.1M | ||
| Q4 24 | $59.5M | $96.6M | ||
| Q3 24 | $57.5M | $83.8M | ||
| Q2 24 | $46.1M | $66.1M | ||
| Q1 24 | $52.4M | $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 | $354.0M | $452.4M | ||
| Q3 25 | $349.2M | $448.1M | ||
| Q2 25 | $350.6M | $442.4M | ||
| Q1 25 | $362.8M | $433.5M | ||
| Q4 24 | $359.4M | $429.5M | ||
| Q3 24 | $355.5M | $423.1M | ||
| Q2 24 | $349.2M | $418.4M | ||
| Q1 24 | $344.9M | $412.0M |
| Q4 25 | $520.4M | $582.5M | ||
| Q3 25 | $499.9M | $582.2M | ||
| Q2 25 | $500.1M | $574.8M | ||
| Q1 25 | $524.0M | $571.4M | ||
| Q4 24 | $510.8M | $581.6M | ||
| Q3 24 | $502.8M | $578.6M | ||
| Q2 24 | $499.6M | $571.4M | ||
| Q1 24 | $511.6M | $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 | $13.2M | $40.9M |
| Free Cash FlowOCF − Capex | $13.0M | $33.5M |
| FCF MarginFCF / Revenue | 16.3% | 47.1% |
| Capex IntensityCapex / Revenue | 0.3% | 10.4% |
| Cash ConversionOCF / Net Profit | — | 28.39× |
| TTM Free Cash FlowTrailing 4 quarters | $59.6M | $56.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $13.2M | $40.9M | ||
| Q3 25 | $18.0M | $17.7M | ||
| Q2 25 | $5.0M | $4.6M | ||
| Q1 25 | $27.1M | $5.7M | ||
| Q4 24 | $11.2M | $59.7M | ||
| Q3 24 | $19.1M | $17.6M | ||
| Q2 24 | $6.5M | $15.9M | ||
| Q1 24 | $20.9M | $9.4M |
| Q4 25 | $13.0M | $33.5M | ||
| Q3 25 | $17.9M | $16.4M | ||
| Q2 25 | $2.7M | $2.9M | ||
| Q1 25 | $26.0M | $4.0M | ||
| Q4 24 | $11.0M | $53.0M | ||
| Q3 24 | $18.8M | $16.3M | ||
| Q2 24 | $6.3M | $14.0M | ||
| Q1 24 | $20.2M | $6.8M |
| Q4 25 | 16.3% | 47.1% | ||
| Q3 25 | 23.4% | 22.4% | ||
| Q2 25 | 3.6% | 4.0% | ||
| Q1 25 | 35.4% | 5.3% | ||
| Q4 24 | 14.8% | 73.2% | ||
| Q3 24 | 25.8% | 20.8% | ||
| Q2 24 | 8.8% | 17.8% | ||
| Q1 24 | 27.8% | 8.6% |
| Q4 25 | 0.3% | 10.4% | ||
| Q3 25 | 0.1% | 1.8% | ||
| Q2 25 | 3.1% | 2.2% | ||
| Q1 25 | 1.4% | 2.3% | ||
| Q4 24 | 0.3% | 9.1% | ||
| Q3 24 | 0.4% | 1.7% | ||
| Q2 24 | 0.2% | 2.4% | ||
| Q1 24 | 1.0% | 3.3% |
| Q4 25 | — | 28.39× | ||
| Q3 25 | 2.96× | 4.45× | ||
| Q2 25 | 0.93× | 0.97× | ||
| Q1 25 | 6.25× | — | ||
| Q4 24 | — | 10.28× | ||
| Q3 24 | 3.34× | 18.22× | ||
| Q2 24 | 1.55× | 4.29× | ||
| Q1 24 | 4.01× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
HSTM
| Subscription Services | $77.0M | 97% |
| Professional Services | $2.7M | 3% |
RMAX
| Franchising Segment | $50.1M | 70% |
| Broker Fees | $13.9M | 20% |
| Annual Dues | $7.4M | 10% |
