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Side-by-side financial comparison of Grand Canyon Education, Inc. (LOPE) and Real Brokerage Inc (REAX). Click either name above to swap in a different company.

Real Brokerage Inc is the larger business by last-quarter revenue ($568.5M vs $308.1M, roughly 1.8× Grand Canyon Education, Inc.). Grand Canyon Education, Inc. runs the higher net margin — 28.1% vs -0.1%, a 28.2% gap on every dollar of revenue. On growth, Real Brokerage Inc posted the faster year-over-year revenue change (52.6% vs 5.3%). Grand Canyon Education, Inc. produced more free cash flow last quarter ($122.9M vs $8.4M).

Grand Canyon Education, Inc. (GCE) is an American for-profit corporation that provides services to universities, specializing in program development, online education, and operational support. Formerly affiliated with Grand Canyon University (GCU), a Christian university in Arizona, GCE became a separate publicly traded company in 2008.

Anywhere Real Estate Inc., formerly Realogy, was an American real estate services firm. It operated and franchised real estate brands that provided brokerage, relocation, title, insurance, and settlement services. Brands included Better Homes and Gardens Real Estate, Century 21 Real Estate, Coldwell Banker, Corcoran Group, ERA Real Estate and Sotheby's International Realty. In 2026, the company was acquired by Compass, Inc.

LOPE vs REAX — Head-to-Head

Bigger by revenue
REAX
REAX
1.8× larger
REAX
$568.5M
$308.1M
LOPE
Growing faster (revenue YoY)
REAX
REAX
+47.3% gap
REAX
52.6%
5.3%
LOPE
Higher net margin
LOPE
LOPE
28.2% more per $
LOPE
28.1%
-0.1%
REAX
More free cash flow
LOPE
LOPE
$114.5M more FCF
LOPE
$122.9M
$8.4M
REAX

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
LOPE
LOPE
REAX
REAX
Revenue
$308.1M
$568.5M
Net Profit
$86.7M
$-447.0K
Gross Margin
7.9%
Operating Margin
35.1%
-0.1%
Net Margin
28.1%
-0.1%
Revenue YoY
5.3%
52.6%
Net Profit YoY
5.9%
82.7%
EPS (diluted)
$3.13
$0.00

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
LOPE
LOPE
REAX
REAX
Q4 25
$308.1M
Q3 25
$261.1M
$568.5M
Q2 25
$247.5M
$540.7M
Q1 25
$289.3M
$354.0M
Q4 24
$292.6M
Q3 24
$238.3M
$372.5M
Q2 24
$227.5M
Q1 24
$274.7M
$200.7M
Net Profit
LOPE
LOPE
REAX
REAX
Q4 25
$86.7M
Q3 25
$16.3M
$-447.0K
Q2 25
$41.5M
$1.5M
Q1 25
$71.6M
$-5.0M
Q4 24
$81.9M
Q3 24
$41.5M
$-2.6M
Q2 24
$34.9M
Q1 24
$68.0M
$-16.1M
Gross Margin
LOPE
LOPE
REAX
REAX
Q4 25
Q3 25
7.9%
Q2 25
8.9%
Q1 25
9.6%
Q4 24
Q3 24
8.6%
Q2 24
Q1 24
10.3%
Operating Margin
LOPE
LOPE
REAX
REAX
Q4 25
35.1%
Q3 25
6.9%
-0.1%
Q2 25
20.9%
0.3%
Q1 25
30.4%
-1.5%
Q4 24
34.2%
Q3 24
20.2%
-0.7%
Q2 24
18.8%
Q1 24
30.8%
-7.8%
Net Margin
LOPE
LOPE
REAX
REAX
Q4 25
28.1%
Q3 25
6.2%
-0.1%
Q2 25
16.8%
0.3%
Q1 25
24.8%
-1.4%
Q4 24
28.0%
Q3 24
17.4%
-0.7%
Q2 24
15.3%
Q1 24
24.8%
-8.0%
EPS (diluted)
LOPE
LOPE
REAX
REAX
Q4 25
$3.13
Q3 25
$0.58
$0.00
Q2 25
$1.48
$0.01
Q1 25
$2.52
$-0.02
Q4 24
$2.83
Q3 24
$1.42
$-0.01
Q2 24
$1.19
Q1 24
$2.29
$-0.09

Balance Sheet & Financial Strength

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

Metric
LOPE
LOPE
REAX
REAX
Cash + ST InvestmentsLiquidity on hand
$111.8M
$38.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$746.9M
$53.6M
Total Assets
$992.3M
$145.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LOPE
LOPE
REAX
REAX
Q4 25
$111.8M
Q3 25
$97.3M
$38.7M
Q2 25
$192.3M
$49.7M
Q1 25
$144.5M
$24.7M
Q4 24
$324.6M
Q3 24
$263.6M
$22.6M
Q2 24
$241.3M
Q1 24
$196.2M
$20.1M
Stockholders' Equity
LOPE
LOPE
REAX
REAX
Q4 25
$746.9M
Q3 25
$758.0M
$53.6M
Q2 25
$778.0M
$49.2M
Q1 25
$780.7M
$32.8M
Q4 24
$783.9M
Q3 24
$764.1M
$29.8M
Q2 24
$759.2M
Q1 24
$759.4M
$25.6M
Total Assets
LOPE
LOPE
REAX
REAX
Q4 25
$992.3M
Q3 25
$1.0B
$145.2M
Q2 25
$1.0B
$149.4M
Q1 25
$1.0B
$100.5M
Q4 24
$1.0B
Q3 24
$992.9M
$102.5M
Q2 24
$992.7M
Q1 24
$1.0B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
LOPE
LOPE
REAX
REAX
Operating Cash FlowLast quarter
$130.5M
$8.8M
Free Cash FlowOCF − Capex
$122.9M
$8.4M
FCF MarginFCF / Revenue
39.9%
1.5%
Capex IntensityCapex / Revenue
2.5%
0.1%
Cash ConversionOCF / Net Profit
1.50×
TTM Free Cash FlowTrailing 4 quarters
$238.6M
$71.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LOPE
LOPE
REAX
REAX
Q4 25
$130.5M
Q3 25
$-48.6M
$8.8M
Q2 25
$124.0M
$41.0M
Q1 25
$67.6M
$15.9M
Q4 24
$135.8M
Q3 24
$-29.4M
$7.2M
Q2 24
$98.6M
Q1 24
$85.0M
$21.5M
Free Cash Flow
LOPE
LOPE
REAX
REAX
Q4 25
$122.9M
Q3 25
$-58.3M
$8.4M
Q2 25
$115.4M
$40.8M
Q1 25
$58.7M
$15.7M
Q4 24
$126.1M
Q3 24
$-39.0M
$6.8M
Q2 24
$89.6M
Q1 24
$76.0M
$21.4M
FCF Margin
LOPE
LOPE
REAX
REAX
Q4 25
39.9%
Q3 25
-22.3%
1.5%
Q2 25
46.6%
7.5%
Q1 25
20.3%
4.4%
Q4 24
43.1%
Q3 24
-16.3%
1.8%
Q2 24
39.4%
Q1 24
27.7%
10.7%
Capex Intensity
LOPE
LOPE
REAX
REAX
Q4 25
2.5%
Q3 25
3.7%
0.1%
Q2 25
3.5%
0.0%
Q1 25
3.1%
0.1%
Q4 24
3.3%
Q3 24
4.0%
0.1%
Q2 24
3.9%
Q1 24
3.3%
0.0%
Cash Conversion
LOPE
LOPE
REAX
REAX
Q4 25
1.50×
Q3 25
-2.99×
Q2 25
2.98×
27.13×
Q1 25
0.94×
Q4 24
1.66×
Q3 24
-0.71×
Q2 24
2.83×
Q1 24
1.25×

Financial Flow Comparison

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

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