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Side-by-side financial comparison of LTC PROPERTIES INC (LTC) and RE/MAX Holdings, Inc. (RMAX). Click either name above to swap in a different company.
LTC PROPERTIES INC is the larger business by last-quarter revenue ($84.3M vs $71.1M, roughly 1.2× RE/MAX Holdings, Inc.). LTC PROPERTIES INC runs the higher net margin — 123.0% vs 2.0%, a 120.9% gap on every dollar of revenue. On growth, LTC PROPERTIES INC posted the faster year-over-year revenue change (60.3% vs -1.8%). LTC PROPERTIES INC produced more free cash flow last quarter ($128.7M vs $33.5M). Over the past eight quarters, LTC PROPERTIES INC's revenue compounded faster (28.1% CAGR vs -4.7%).
LTC Properties Inc is a U.S.-based real estate investment trust (REIT) that owns, finances, and manages seniors housing and healthcare-related real estate assets. Its core portfolio includes assisted living facilities, skilled nursing properties, memory care centers, and independent living communities for senior care and healthcare service operators.
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.
LTC vs RMAX — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $84.3M | $71.1M |
| Net Profit | $103.7M | $1.4M |
| Gross Margin | — | — |
| Operating Margin | — | 13.1% |
| Net Margin | 123.0% | 2.0% |
| Revenue YoY | 60.3% | -1.8% |
| Net Profit YoY | 429.1% | -75.2% |
| EPS (diluted) | $2.19 | — |
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 | $84.3M | $71.1M | ||
| Q3 25 | $69.3M | $73.2M | ||
| Q2 25 | $60.2M | $72.8M | ||
| Q1 25 | $49.0M | $74.5M | ||
| Q4 24 | $52.6M | $72.5M | ||
| Q3 24 | $55.8M | $78.5M | ||
| Q2 24 | $50.1M | $78.5M | ||
| Q1 24 | $51.4M | $78.3M |
| Q4 25 | $103.7M | $1.4M | ||
| Q3 25 | $-20.0M | $4.0M | ||
| Q2 25 | $15.1M | $4.7M | ||
| Q1 25 | $20.7M | $-2.0M | ||
| Q4 24 | $19.6M | $5.8M | ||
| Q3 24 | $29.4M | $966.0K | ||
| Q2 24 | $19.4M | $3.7M | ||
| Q1 24 | $24.2M | $-3.4M |
| Q4 25 | — | 13.1% | ||
| Q3 25 | 71.9% | 25.0% | ||
| Q2 25 | 80.5% | 19.3% | ||
| Q1 25 | 37.8% | 7.2% | ||
| Q4 24 | — | 5.9% | ||
| Q3 24 | 95.5% | 19.4% | ||
| Q2 24 | 38.0% | 20.6% | ||
| Q1 24 | 47.3% | 5.8% |
| Q4 25 | 123.0% | 2.0% | ||
| Q3 25 | -28.9% | 5.4% | ||
| Q2 25 | 25.1% | 6.4% | ||
| Q1 25 | 42.2% | -2.6% | ||
| Q4 24 | 37.3% | 8.0% | ||
| Q3 24 | 52.6% | 1.2% | ||
| Q2 24 | 38.6% | 4.7% | ||
| Q1 24 | 47.2% | -4.3% |
| Q4 25 | $2.19 | — | ||
| Q3 25 | $-0.44 | — | ||
| Q2 25 | $0.32 | — | ||
| Q1 25 | $0.45 | — | ||
| Q4 24 | $0.38 | — | ||
| Q3 24 | $0.66 | — | ||
| Q2 24 | $0.44 | — | ||
| Q1 24 | $0.56 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $14.4M | $118.7M |
| Total DebtLower is stronger | $842.2M | $432.2M |
| Stockholders' EquityBook value | $1.1B | $452.4M |
| Total Assets | $2.1B | $582.5M |
| Debt / EquityLower = less leverage | 0.78× | 0.96× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $14.4M | $118.7M | ||
| Q3 25 | $17.9M | $107.5M | ||
| Q2 25 | $7.6M | $94.3M | ||
| Q1 25 | $23.3M | $89.1M | ||
| Q4 24 | $9.4M | $96.6M | ||
| Q3 24 | $35.0M | $83.8M | ||
| Q2 24 | $6.2M | $66.1M | ||
| Q1 24 | $9.0M | $82.1M |
| Q4 25 | $842.2M | $432.2M | ||
| Q3 25 | $944.5M | $433.3M | ||
| Q2 25 | $696.5M | $434.4M | ||
| Q1 25 | $682.2M | $435.3M | ||
| Q4 24 | $684.6M | $436.2M | ||
| Q3 24 | $785.3M | $437.2M | ||
| Q2 24 | $861.0M | $438.1M | ||
| Q1 24 | $860.2M | $439.0M |
| Q4 25 | $1.1B | $452.4M | ||
| Q3 25 | $957.9M | $448.1M | ||
| Q2 25 | $957.5M | $442.4M | ||
| Q1 25 | $961.9M | $433.5M | ||
| Q4 24 | $960.6M | $429.5M | ||
| Q3 24 | $947.8M | $423.1M | ||
| Q2 24 | $889.1M | $418.4M | ||
| Q1 24 | $886.2M | $412.0M |
| Q4 25 | $2.1B | $582.5M | ||
| Q3 25 | $2.0B | $582.2M | ||
| Q2 25 | $1.8B | $574.8M | ||
| Q1 25 | $1.8B | $571.4M | ||
| Q4 24 | $1.8B | $581.6M | ||
| Q3 24 | $1.9B | $578.6M | ||
| Q2 24 | $1.9B | $571.4M | ||
| Q1 24 | $1.8B | $566.7M |
| Q4 25 | 0.78× | 0.96× | ||
| Q3 25 | 0.99× | 0.97× | ||
| Q2 25 | 0.73× | 0.98× | ||
| Q1 25 | 0.71× | 1.00× | ||
| Q4 24 | 0.71× | 1.02× | ||
| Q3 24 | 0.83× | 1.03× | ||
| Q2 24 | 0.97× | 1.05× | ||
| Q1 24 | 0.97× | 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 | $136.0M | $40.9M |
| Free Cash FlowOCF − Capex | $128.7M | $33.5M |
| FCF MarginFCF / Revenue | 152.7% | 47.1% |
| Capex IntensityCapex / Revenue | 8.6% | 10.4% |
| Cash ConversionOCF / Net Profit | 1.31× | 28.39× |
| TTM Free Cash FlowTrailing 4 quarters | $220.1M | $56.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $136.0M | $40.9M | ||
| Q3 25 | $38.4M | $17.7M | ||
| Q2 25 | $30.0M | $4.6M | ||
| Q1 25 | $29.6M | $5.7M | ||
| Q4 24 | $125.9M | $59.7M | ||
| Q3 24 | $34.0M | $17.6M | ||
| Q2 24 | $37.0M | $15.9M | ||
| Q1 24 | $21.1M | $9.4M |
| Q4 25 | $128.7M | $33.5M | ||
| Q3 25 | $34.3M | $16.4M | ||
| Q2 25 | $28.9M | $2.9M | ||
| Q1 25 | $28.2M | $4.0M | ||
| Q4 24 | $112.2M | $53.0M | ||
| Q3 24 | $27.7M | $16.3M | ||
| Q2 24 | $34.7M | $14.0M | ||
| Q1 24 | $19.7M | $6.8M |
| Q4 25 | 152.7% | 47.1% | ||
| Q3 25 | 49.4% | 22.4% | ||
| Q2 25 | 47.9% | 4.0% | ||
| Q1 25 | 57.6% | 5.3% | ||
| Q4 24 | 213.4% | 73.2% | ||
| Q3 24 | 49.7% | 20.8% | ||
| Q2 24 | 69.1% | 17.8% | ||
| Q1 24 | 38.4% | 8.6% |
| Q4 25 | 8.6% | 10.4% | ||
| Q3 25 | 6.0% | 1.8% | ||
| Q2 25 | 1.9% | 2.2% | ||
| Q1 25 | 2.7% | 2.3% | ||
| Q4 24 | 26.0% | 9.1% | ||
| Q3 24 | 11.2% | 1.7% | ||
| Q2 24 | 4.6% | 2.4% | ||
| Q1 24 | 2.6% | 3.3% |
| Q4 25 | 1.31× | 28.39× | ||
| Q3 25 | — | 4.45× | ||
| Q2 25 | 1.99× | 0.97× | ||
| Q1 25 | 1.43× | — | ||
| Q4 24 | 6.43× | 10.28× | ||
| Q3 24 | 1.16× | 18.22× | ||
| Q2 24 | 1.91× | 4.29× | ||
| Q1 24 | 0.87× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LTC
| Seniors Housing Operating Portfolio Segment | $72.1M | 86% |
| Other | $12.2M | 14% |
RMAX
| Franchising Segment | $50.1M | 70% |
| Broker Fees | $13.9M | 20% |
| Annual Dues | $7.4M | 10% |
