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Side-by-side financial comparison of LandBridge Co LLC (LB) 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 $56.8M, roughly 1.3× LandBridge Co LLC). LandBridge Co LLC runs the higher net margin — 14.2% vs 2.0%, a 12.2% gap on every dollar of revenue. On growth, LandBridge Co LLC posted the faster year-over-year revenue change (55.6% vs -1.8%). LandBridge Co LLC produced more free cash flow last quarter ($122.0M vs $33.5M). Over the past eight quarters, LandBridge Co LLC's revenue compounded faster (72.8% CAGR vs -4.7%).
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.
LB vs RMAX — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $56.8M | $71.1M |
| Net Profit | $8.1M | $1.4M |
| Gross Margin | — | — |
| Operating Margin | 60.0% | 13.1% |
| Net Margin | 14.2% | 2.0% |
| Revenue YoY | 55.6% | -1.8% |
| Net Profit YoY | -83.7% | -75.2% |
| EPS (diluted) | $0.24 | — |
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 | $56.8M | $71.1M | ||
| Q3 25 | $50.8M | $73.2M | ||
| Q2 25 | $47.5M | $72.8M | ||
| Q1 25 | $44.0M | $74.5M | ||
| Q4 24 | $36.5M | $72.5M | ||
| Q3 24 | $28.5M | $78.5M | ||
| Q2 24 | $26.0M | $78.5M | ||
| Q1 24 | $19.0M | $78.3M |
| Q4 25 | $8.1M | $1.4M | ||
| Q3 25 | $8.1M | $4.0M | ||
| Q2 25 | $7.5M | $4.7M | ||
| Q1 25 | $6.5M | $-2.0M | ||
| Q4 24 | $49.3M | $5.8M | ||
| Q3 24 | $2.7M | $966.0K | ||
| Q2 24 | $-57.7M | $3.7M | ||
| Q1 24 | $10.8M | $-3.4M |
| Q4 25 | 60.0% | 13.1% | ||
| Q3 25 | 60.8% | 25.0% | ||
| Q2 25 | 60.0% | 19.3% | ||
| Q1 25 | 57.0% | 7.2% | ||
| Q4 24 | 49.4% | 5.9% | ||
| Q3 24 | 11.2% | 19.4% | ||
| Q2 24 | -197.4% | 20.6% | ||
| Q1 24 | 71.1% | 5.8% |
| Q4 25 | 14.2% | 2.0% | ||
| Q3 25 | 15.9% | 5.4% | ||
| Q2 25 | 15.8% | 6.4% | ||
| Q1 25 | 14.7% | -2.6% | ||
| Q4 24 | 135.2% | 8.0% | ||
| Q3 24 | 9.3% | 1.2% | ||
| Q2 24 | -222.1% | 4.7% | ||
| Q1 24 | 56.7% | -4.3% |
| Q4 25 | $0.24 | — | ||
| Q3 25 | $0.26 | — | ||
| Q2 25 | $0.24 | — | ||
| Q1 25 | $0.20 | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $-0.04 | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $30.7M | $118.7M |
| Total DebtLower is stronger | $570.7M | $432.2M |
| Stockholders' EquityBook value | $340.3M | $452.4M |
| Total Assets | $1.4B | $582.5M |
| Debt / EquityLower = less leverage | 1.68× | 0.96× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $30.7M | $118.7M | ||
| Q3 25 | $28.3M | $107.5M | ||
| Q2 25 | $20.3M | $94.3M | ||
| Q1 25 | $14.9M | $89.1M | ||
| Q4 24 | $37.0M | $96.6M | ||
| Q3 24 | $14.4M | $83.8M | ||
| Q2 24 | $24.6M | $66.1M | ||
| Q1 24 | — | $82.1M |
| Q4 25 | $570.7M | $432.2M | ||
| Q3 25 | $366.1M | $433.3M | ||
| Q2 25 | $370.9M | $434.4M | ||
| Q1 25 | $375.5M | $435.3M | ||
| Q4 24 | $385.5M | $436.2M | ||
| Q3 24 | $242.4M | $437.2M | ||
| Q2 24 | $360.8M | $438.1M | ||
| Q1 24 | — | $439.0M |
| Q4 25 | $340.3M | $452.4M | ||
| Q3 25 | $272.0M | $448.1M | ||
| Q2 25 | $266.4M | $442.4M | ||
| Q1 25 | $217.0M | $433.5M | ||
| Q4 24 | $211.8M | $429.5M | ||
| Q3 24 | $97.2M | $423.1M | ||
| Q2 24 | $296.4M | $418.4M | ||
| Q1 24 | $162.3M | $412.0M |
| Q4 25 | $1.4B | $582.5M | ||
| Q3 25 | $1.1B | $582.2M | ||
| Q2 25 | $1.1B | $574.8M | ||
| Q1 25 | $1.0B | $571.4M | ||
| Q4 24 | $1.0B | $581.6M | ||
| Q3 24 | $689.9M | $578.6M | ||
| Q2 24 | $710.5M | $571.4M | ||
| Q1 24 | — | $566.7M |
| Q4 25 | 1.68× | 0.96× | ||
| Q3 25 | 1.35× | 0.97× | ||
| Q2 25 | 1.39× | 0.98× | ||
| Q1 25 | 1.73× | 1.00× | ||
| Q4 24 | 1.82× | 1.02× | ||
| Q3 24 | 2.49× | 1.03× | ||
| Q2 24 | 1.22× | 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 | $126.3M | $40.9M |
| Free Cash FlowOCF − Capex | $122.0M | $33.5M |
| FCF MarginFCF / Revenue | 214.9% | 47.1% |
| Capex IntensityCapex / Revenue | 7.5% | 10.4% |
| Cash ConversionOCF / Net Profit | 15.68× | 28.39× |
| TTM Free Cash FlowTrailing 4 quarters | $207.7M | $56.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $126.3M | $40.9M | ||
| Q3 25 | $34.9M | $17.7M | ||
| Q2 25 | $37.3M | $4.6M | ||
| Q1 25 | $15.9M | $5.7M | ||
| Q4 24 | $67.6M | $59.7M | ||
| Q3 24 | $7.5M | $17.6M | ||
| Q2 24 | $16.0M | $15.9M | ||
| Q1 24 | $17.2M | $9.4M |
| Q4 25 | $122.0M | $33.5M | ||
| Q3 25 | $33.7M | $16.4M | ||
| Q2 25 | $36.1M | $2.9M | ||
| Q1 25 | $15.8M | $4.0M | ||
| Q4 24 | $66.7M | $53.0M | ||
| Q3 24 | $7.1M | $16.3M | ||
| Q2 24 | $15.7M | $14.0M | ||
| Q1 24 | $17.1M | $6.8M |
| Q4 25 | 214.9% | 47.1% | ||
| Q3 25 | 66.3% | 22.4% | ||
| Q2 25 | 75.9% | 4.0% | ||
| Q1 25 | 36.0% | 5.3% | ||
| Q4 24 | 182.6% | 73.2% | ||
| Q3 24 | 25.1% | 20.8% | ||
| Q2 24 | 60.4% | 17.8% | ||
| Q1 24 | 90.1% | 8.6% |
| Q4 25 | 7.5% | 10.4% | ||
| Q3 25 | 2.3% | 1.8% | ||
| Q2 25 | 2.6% | 2.2% | ||
| Q1 25 | 0.2% | 2.3% | ||
| Q4 24 | 2.7% | 9.1% | ||
| Q3 24 | 1.1% | 1.7% | ||
| Q2 24 | 1.4% | 2.4% | ||
| Q1 24 | 0.5% | 3.3% |
| Q4 25 | 15.68× | 28.39× | ||
| Q3 25 | 4.31× | 4.45× | ||
| Q2 25 | 4.98× | 0.97× | ||
| Q1 25 | 2.46× | — | ||
| Q4 24 | 1.37× | 10.28× | ||
| Q3 24 | 2.80× | 18.22× | ||
| Q2 24 | — | 4.29× | ||
| Q1 24 | 1.60× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LB
Segment breakdown not available.
RMAX
| Franchising Segment | $50.1M | 70% |
| Broker Fees | $13.9M | 20% |
| Annual Dues | $7.4M | 10% |
