vs

Side-by-side financial comparison of Liberty Live Holdings, Inc. (LLYVA) 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 $61.7M, roughly 1.2× Liberty Live Holdings, Inc.). RE/MAX Holdings, Inc. runs the higher net margin — 2.0% vs -90.3%, a 92.3% gap on every dollar of revenue. On growth, RE/MAX Holdings, Inc. posted the faster year-over-year revenue change (-1.8% vs -3.8%).

Liberty Media Corporation is an American mass media company founded by John C. Malone in 1991. The company has two divisions, represented by separate tracking stocks, reflecting its ownership stakes in the Formula One Group and Live Nation Entertainment. As of 2025, Liberty Media owned three global motorsport businesses in the form of Formula One, MotoGP and World Superbikes.

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.

LLYVA vs RMAX — Head-to-Head

Bigger by revenue
RMAX
RMAX
1.2× larger
RMAX
$71.1M
$61.7M
LLYVA
Growing faster (revenue YoY)
RMAX
RMAX
+1.9% gap
RMAX
-1.8%
-3.8%
LLYVA
Higher net margin
RMAX
RMAX
92.3% more per $
RMAX
2.0%
-90.3%
LLYVA

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
LLYVA
LLYVA
RMAX
RMAX
Revenue
$61.7M
$71.1M
Net Profit
$-55.7M
$1.4M
Gross Margin
20.6%
Operating Margin
-27.2%
13.1%
Net Margin
-90.3%
2.0%
Revenue YoY
-3.8%
-1.8%
Net Profit YoY
-464.7%
-75.2%
EPS (diluted)

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
LLYVA
LLYVA
RMAX
RMAX
Q4 25
$71.1M
Q3 25
$61.7M
$73.2M
Q2 25
$72.8M
Q1 25
$74.5M
Q4 24
$72.5M
Q3 24
$64.2M
$78.5M
Q2 24
$78.5M
Q1 24
$78.3M
Net Profit
LLYVA
LLYVA
RMAX
RMAX
Q4 25
$1.4M
Q3 25
$-55.7M
$4.0M
Q2 25
$4.7M
Q1 25
$-2.0M
Q4 24
$5.8M
Q3 24
$15.3M
$966.0K
Q2 24
$3.7M
Q1 24
$-3.4M
Gross Margin
LLYVA
LLYVA
RMAX
RMAX
Q4 25
Q3 25
20.6%
Q2 25
Q1 25
Q4 24
Q3 24
13.2%
Q2 24
Q1 24
Operating Margin
LLYVA
LLYVA
RMAX
RMAX
Q4 25
13.1%
Q3 25
-27.2%
25.0%
Q2 25
19.3%
Q1 25
7.2%
Q4 24
5.9%
Q3 24
-22.6%
19.4%
Q2 24
20.6%
Q1 24
5.8%
Net Margin
LLYVA
LLYVA
RMAX
RMAX
Q4 25
2.0%
Q3 25
-90.3%
5.4%
Q2 25
6.4%
Q1 25
-2.6%
Q4 24
8.0%
Q3 24
23.8%
1.2%
Q2 24
4.7%
Q1 24
-4.3%

Balance Sheet & Financial Strength

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

Metric
LLYVA
LLYVA
RMAX
RMAX
Cash + ST InvestmentsLiquidity on hand
$375.8M
$118.7M
Total DebtLower is stronger
$1.9B
$432.2M
Stockholders' EquityBook value
$-409.2M
$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
LLYVA
LLYVA
RMAX
RMAX
Q4 25
$118.7M
Q3 25
$375.8M
$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
LLYVA
LLYVA
RMAX
RMAX
Q4 25
$432.2M
Q3 25
$1.9B
$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
LLYVA
LLYVA
RMAX
RMAX
Q4 25
$452.4M
Q3 25
$-409.2M
$448.1M
Q2 25
$442.4M
Q1 25
$433.5M
Q4 24
$429.5M
Q3 24
$44.6M
$423.1M
Q2 24
$418.4M
Q1 24
$412.0M
Total Assets
LLYVA
LLYVA
RMAX
RMAX
Q4 25
$582.5M
Q3 25
$1.9B
$582.2M
Q2 25
$574.8M
Q1 25
$571.4M
Q4 24
$581.6M
Q3 24
$578.6M
Q2 24
$571.4M
Q1 24
$566.7M
Debt / Equity
LLYVA
LLYVA
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
LLYVA
LLYVA
RMAX
RMAX
Operating Cash FlowLast quarter
$-28.9M
$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
LLYVA
LLYVA
RMAX
RMAX
Q4 25
$40.9M
Q3 25
$-28.9M
$17.7M
Q2 25
$4.6M
Q1 25
$5.7M
Q4 24
$59.7M
Q3 24
$17.6M
Q2 24
$15.9M
Q1 24
$9.4M
Free Cash Flow
LLYVA
LLYVA
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
LLYVA
LLYVA
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
LLYVA
LLYVA
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
LLYVA
LLYVA
RMAX
RMAX
Q4 25
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

LLYVA
LLYVA

Segment breakdown not available.

RMAX
RMAX

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

Related Comparisons